icosa water ltd
icosa water ltd Company Information
Company Number
09155925
Next Accounts
Dec 2025
Industry
Sewerage
Water collection, treatment and supply
Shareholders
last mile water limited
Group Structure
View All
Contact
Registered Address
kingfisher suite wheelhouse, bonds mill estate, stonehouse, gloucestershire, GL10 3RF
Website
www.icosawater.co.ukicosa water ltd Estimated Valuation
Pomanda estimates the enterprise value of ICOSA WATER LTD at £10.6m based on a Turnover of £10.6m and 1x industry multiple (adjusted for size and gross margin).
icosa water ltd Estimated Valuation
Pomanda estimates the enterprise value of ICOSA WATER LTD at £0 based on an EBITDA of £-617k and a 4.63x industry multiple (adjusted for size and gross margin).
icosa water ltd Estimated Valuation
Pomanda estimates the enterprise value of ICOSA WATER LTD at £3.5m based on Net Assets of £1.4m and 2.56x industry multiple (adjusted for liquidity).
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Icosa Water Ltd Overview
Icosa Water Ltd is a live company located in stonehouse, GL10 3RF with a Companies House number of 09155925. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in July 2014, it's largest shareholder is last mile water limited with a 100% stake. Icosa Water Ltd is a established, mid sized company, Pomanda has estimated its turnover at £10.6m with high growth in recent years.
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Icosa Water Ltd Health Check
Pomanda's financial health check has awarded Icosa Water Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £10.6m, make it smaller than the average company (£16m)
£10.6m - Icosa Water Ltd
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (8%)
28% - Icosa Water Ltd
8% - Industry AVG
Production
with a gross margin of 19.6%, this company has a higher cost of product (27.6%)
19.6% - Icosa Water Ltd
27.6% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (7.9%)
-6% - Icosa Water Ltd
7.9% - Industry AVG
Employees
with 59 employees, this is below the industry average (93)
- Icosa Water Ltd
93 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Icosa Water Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £180.3k, this is equally as efficient (£201.4k)
- Icosa Water Ltd
£201.4k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (57 days)
16 days - Icosa Water Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (33 days)
17 days - Icosa Water Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Icosa Water Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (22 weeks)
7 weeks - Icosa Water Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.4%, this is a higher level of debt than the average (72.7%)
86.4% - Icosa Water Ltd
72.7% - Industry AVG
ICOSA WATER LTD financials
Icosa Water Ltd's latest turnover from March 2024 is £10.6 million and the company has net assets of £1.4 million. According to their latest financial statements, we estimate that Icosa Water Ltd has 59 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,638,000 | 14,804,000 | 9,541,000 | 5,037,000 | 5,173 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 8,555,000 | 10,947,000 | 6,673,000 | 2,969,000 | 3,315 | |||||
| Gross Profit | 2,083,000 | 3,857,000 | 2,868,000 | 2,068,000 | 1,858 | |||||
| Admin Expenses | 2,722,000 | 2,394,000 | 2,047,000 | 2,182,000 | 2,002 | |||||
| Operating Profit | -639,000 | 1,463,000 | 821,000 | -114,000 | -144 | |||||
| Interest Payable | 5,000 | 3,000 | 0 | 0 | 0 | |||||
| Interest Receivable | 188,000 | 223,000 | 89,000 | 1,000 | 2 | |||||
| Pre-Tax Profit | -456,000 | 1,683,000 | 910,000 | -113,000 | -142 | |||||
| Tax | 2,000 | -199,000 | 0 | 0 | 0 | |||||
| Profit After Tax | -454,000 | 1,484,000 | 910,000 | -113,000 | -142 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | -454,000 | 1,484,000 | 910,000 | -113,000 | -142 | |||||
| Employee Costs | 0 | 1,846,000 | 1,529,000 | 1,677,000 | 1,438 | |||||
| Number Of Employees | 35 | 27 | 21 | 19 | 20 | 19 | ||||
| EBITDA* | -617,000 | 1,498,000 | 856,000 | -90,000 | -130 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 36,000 | 54,000 | 42,000 | 41 | 32,606 | 10,349 | 4,365 | 1,976 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 100 | 100 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 36,000 | 54,000 | 42,000 | 41 | 32,706 | 10,449 | 4,365 | 1,976 | 0 |
| Stock & work in progress | 0 | 0 | 359,000 | 1,033,000 | 686 | 650,206 | 20,302 | 326,954 | 0 | 0 |
| Trade Debtors | 468,000 | 1,988,000 | 769,000 | 535,000 | 2,043 | 971,638 | 144,847 | 3,000 | 17 | 0 |
| Group Debtors | 3,284,000 | 5,615,000 | 4,207,000 | 1,183,000 | 675 | 315,262 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,198,000 | 1,902,000 | 564,000 | 334,000 | 99 | 41,678 | 0 | 0 | 0 | 0 |
| Cash | 1,181,000 | 438,000 | 1,180,000 | 1,566,000 | 1,408 | 879,304 | 848,052 | 2,152,878 | 519,711 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,131,000 | 9,943,000 | 7,079,000 | 4,651,000 | 4,911 | 2,858,088 | 1,013,201 | 2,482,832 | 519,728 | 0 |
| total assets | 10,131,000 | 9,979,000 | 7,133,000 | 4,693,000 | 4,952 | 2,890,794 | 1,023,650 | 2,487,197 | 521,704 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 421,000 | 194,000 | 488,000 | 91,000 | 802 | 281,657 | 12,782 | 2,351,262 | 16,178 | 0 |
| Group/Directors Accounts | 173,000 | 253,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,159,000 | 7,698,000 | 6,297,000 | 5,164,000 | 4,599 | 2,469,734 | 495,748 | 0 | 0 | 0 |
| total current liabilities | 8,753,000 | 8,145,000 | 6,785,000 | 5,255,000 | 5,401 | 2,751,391 | 508,530 | 2,351,262 | 16,178 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 395 | 0 |
| total long term liabilities | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 395 | 0 |
| total liabilities | 8,753,000 | 8,147,000 | 6,785,000 | 5,255,000 | 5,401 | 2,751,391 | 508,530 | 2,351,262 | 16,573 | 0 |
| net assets | 1,378,000 | 1,832,000 | 348,000 | -562,000 | -449 | 139,403 | 515,120 | 135,935 | 505,131 | 0 |
| total shareholders funds | 1,378,000 | 1,832,000 | 348,000 | -562,000 | -449 | 139,403 | 515,120 | 135,935 | 505,131 | 0 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -639,000 | 1,463,000 | 821,000 | -114,000 | -144 | |||||
| Depreciation | 22,000 | 35,000 | 35,000 | 24,000 | 14 | 6,457 | 1,378 | 550 | 604 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 2,000 | -199,000 | 0 | 0 | 0 | |||||
| Stock | 0 | -359,000 | -674,000 | 1,032,314 | -649,520 | 629,904 | -306,652 | 326,954 | 0 | 0 |
| Debtors | -555,000 | 3,965,000 | 3,488,000 | 2,049,183 | -1,325,761 | 1,183,731 | 141,847 | 2,983 | 17 | 0 |
| Creditors | 227,000 | -294,000 | 397,000 | 90,198 | -280,855 | 268,875 | -2,338,480 | 2,335,084 | 16,178 | 0 |
| Accruals and Deferred Income | 461,000 | 1,401,000 | 1,133,000 | 5,159,401 | -2,465,135 | 1,973,986 | 495,748 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | -395 | 395 | 0 |
| Cash flow from operations | 626,000 | -1,198,000 | -428,000 | 2,078,102 | -770,839 | |||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -100 | 0 | 100 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -80,000 | 253,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 183,000 | 220,000 | 89,000 | 1,000 | 2 | |||||
| cash flow from financing | 103,000 | 473,000 | 89,000 | -447,551 | -139,708 | |||||
| cash and cash equivalents | ||||||||||
| cash | 743,000 | -742,000 | -386,000 | 1,564,592 | -877,896 | 31,252 | -1,304,826 | 1,633,167 | 519,711 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 743,000 | -742,000 | -386,000 | 1,564,592 | -877,896 | 31,252 | -1,304,826 | 1,633,167 | 519,711 | 0 |
icosa water ltd Credit Report and Business Information
Icosa Water Ltd Competitor Analysis
Perform a competitor analysis for icosa water ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in GL10 area or any other competitors across 12 key performance metrics.
icosa water ltd Ownership
ICOSA WATER LTD group structure
Icosa Water Ltd has 1 subsidiary company.
Ultimate parent company
LAST MILE GROUP LTD
#0144998
2 parents
ICOSA WATER LTD
09155925
1 subsidiary
icosa water ltd directors
Icosa Water Ltd currently has 3 directors. The longest serving directors include Mrs Lynne Hainey (May 2020) and Miss Kirsty Nellany (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Lynne Hainey | England | 43 years | May 2020 | - | Director |
| Miss Kirsty Nellany | England | 39 years | Nov 2022 | - | Director |
| Mr Craig Boath | England | 53 years | Mar 2023 | - | Director |
P&L
March 2024turnover
10.6m
-28%
operating profit
-639k
-144%
gross margin
19.6%
-24.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.4m
-0.25%
total assets
10.1m
+0.02%
cash
1.2m
+1.7%
net assets
Total assets minus all liabilities
icosa water ltd company details
company number
09155925
Type
Private limited with Share Capital
industry
37000 - Sewerage
36000 - Water collection, treatment and supply
incorporation date
July 2014
age
11
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
kingfisher suite wheelhouse, bonds mill estate, stonehouse, gloucestershire, GL10 3RF
Bank
-
Legal Advisor
-
icosa water ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to icosa water ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
icosa water ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ICOSA WATER LTD. This can take several minutes, an email will notify you when this has completed.
icosa water ltd Companies House Filings - See Documents
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