iceworks developments (worcester) limited
iceworks developments (worcester) limited Company Information
Company Number
09276869
Next Accounts
Dec 2025
Shareholders
ilona smith
kelvin george sparrey
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
gardiner fosh 31, st. johns, worcester, worcestershire, WR2 5AG
Website
-iceworks developments (worcester) limited Estimated Valuation
Pomanda estimates the enterprise value of ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED at £1.3m based on a Turnover of £2.6m and 0.51x industry multiple (adjusted for size and gross margin).
iceworks developments (worcester) limited Estimated Valuation
Pomanda estimates the enterprise value of ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED at £0 based on an EBITDA of £-21.8k and a 4.01x industry multiple (adjusted for size and gross margin).
iceworks developments (worcester) limited Estimated Valuation
Pomanda estimates the enterprise value of ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED at £200.2k based on Net Assets of £141.7k and 1.41x industry multiple (adjusted for liquidity).
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Iceworks Developments (worcester) Limited Overview
Iceworks Developments (worcester) Limited is a live company located in worcestershire, WR2 5AG with a Companies House number of 09276869. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2014, it's largest shareholder is ilona smith with a 47.5% stake. Iceworks Developments (worcester) Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.
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Iceworks Developments (worcester) Limited Health Check
Pomanda's financial health check has awarded Iceworks Developments (Worcester) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £2.6m, make it in line with the average company (£2.3m)
- Iceworks Developments (worcester) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6%)
- Iceworks Developments (worcester) Limited
6% - Industry AVG
Production
with a gross margin of 26.3%, this company has a comparable cost of product (26.3%)
- Iceworks Developments (worcester) Limited
26.3% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (7.5%)
- Iceworks Developments (worcester) Limited
7.5% - Industry AVG
Employees
with 10 employees, this is above the industry average (6)
- Iceworks Developments (worcester) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Iceworks Developments (worcester) Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £258.5k, this is equally as efficient (£277.7k)
- Iceworks Developments (worcester) Limited
£277.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Iceworks Developments (worcester) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (31 days)
- Iceworks Developments (worcester) Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1342 days, this is more than average (197 days)
- Iceworks Developments (worcester) Limited
197 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Iceworks Developments (worcester) Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a higher level of debt than the average (73.8%)
98% - Iceworks Developments (worcester) Limited
73.8% - Industry AVG
ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED financials
Iceworks Developments (Worcester) Limited's latest turnover from March 2024 is estimated at £2.6 million and the company has net assets of £141.7 thousand. According to their latest financial statements, we estimate that Iceworks Developments (Worcester) Limited has 10 employees and maintains cash reserves of £5.9 thousand 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 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,625 | 9,250 | 20,500 | 20,000 | 30,000 | ||||
| Intangible Assets | |||||||||
| Investments & Other | 25,100 | 25,100 | 25,100 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 25,100 | 25,100 | 29,725 | 34,250 | 45,500 | 45,000 | 55,000 | 25,000 | |
| Stock & work in progress | 7,009,073 | 4,682,189 | 2,803,570 | 4,828,250 | 3,825,001 | 1,372,599 | 975,436 | 769,785 | |
| Trade Debtors | |||||||||
| Group Debtors | 42 | 3,500 | |||||||
| Misc Debtors | 32,500 | 46,566 | 48,693 | 16,443 | 21,600 | 90 | |||
| Cash | 5,933 | 58,250 | 79,722 | 195,332 | 75,251 | 138,456 | 3,420 | 46,120 | |
| misc current assets | 56 | 1 | |||||||
| total current assets | 7,047,562 | 4,787,005 | 2,932,028 | 5,043,525 | 3,921,852 | 1,511,055 | 978,856 | 815,995 | |
| total assets | 7,072,662 | 4,812,105 | 2,961,753 | 5,077,775 | 3,967,352 | 1,556,055 | 1,033,856 | 840,995 | |
| Bank overdraft | 7,200 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 9,001 | 1 | 1,799 | 1 | |||||
| Group/Directors Accounts | 402,987 | 188,724 | 201,879 | 233,077 | 271,916 | 112,714 | 24,135 | ||
| other short term finances | |||||||||
| hp & lease commitments | 2,261 | 4,894 | 4,895 | 8,175 | 8,175 | ||||
| other current liabilities | 4,465,808 | 69,144 | 114,389 | 2,953,961 | 2,219,733 | 5,403 | 5,100 | 1,500 | |
| total current liabilities | 4,884,996 | 257,869 | 318,529 | 3,193,731 | 2,496,544 | 126,292 | 37,411 | 1,500 | |
| loans | 36,574 | 45,129 | 46,480 | 50,000 | |||||
| hp & lease commitments | 1,859 | 6,130 | 8,238 | 14,811 | |||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 2,009,398 | 4,342,259 | 2,388,636 | 1,748,025 | 1,344,108 | 1,264,371 | 823,722 | 644,785 | |
| provisions | |||||||||
| total long term liabilities | 2,045,972 | 4,387,388 | 2,435,116 | 1,799,884 | 1,350,238 | 1,272,609 | 838,533 | 644,785 | |
| total liabilities | 6,930,968 | 4,645,257 | 2,753,645 | 4,993,615 | 3,846,782 | 1,398,901 | 875,944 | 646,285 | |
| net assets | 141,694 | 166,848 | 208,108 | 84,160 | 120,570 | 157,154 | 157,912 | 194,710 | |
| total shareholders funds | 141,694 | 166,848 | 208,108 | 84,160 | 120,570 | 157,154 | 157,912 | 194,710 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 4,625 | 4,625 | 11,250 | 11,250 | 10,000 | ||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 2,326,884 | 1,878,619 | -2,024,680 | 1,003,249 | 2,452,402 | 397,163 | 205,651 | 769,785 | |
| Debtors | -14,066 | -2,169 | 28,792 | -1,657 | 21,600 | -90 | 90 | ||
| Creditors | 9,000 | 1 | -1,799 | 1,799 | -1 | 1 | |||
| Accruals and Deferred Income | 4,396,664 | -45,245 | -2,839,572 | 734,228 | 2,214,330 | 303 | 3,600 | 1,500 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 100 | 25,000 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 214,263 | -13,155 | -31,198 | -38,839 | 159,202 | 88,579 | 24,135 | ||
| Other Short Term Loans | |||||||||
| Long term loans | -8,555 | -1,351 | -3,520 | 50,000 | |||||
| Hire Purchase and Lease Commitments | -2,261 | -4,492 | -4,272 | -5,388 | -6,573 | 22,986 | |||
| other long term liabilities | -2,332,861 | 1,953,623 | 640,611 | 403,917 | 79,737 | 440,649 | 178,937 | 644,785 | |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -52,317 | -21,472 | -115,610 | 120,081 | -63,205 | 135,036 | -42,700 | 46,120 | |
| overdraft | 7,200 | ||||||||
| change in cash | -59,517 | -21,472 | -115,610 | 120,081 | -63,205 | 135,036 | -42,700 | 46,120 |
iceworks developments (worcester) limited Credit Report and Business Information
Iceworks Developments (worcester) Limited Competitor Analysis
Perform a competitor analysis for iceworks developments (worcester) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in WR2 area or any other competitors across 12 key performance metrics.
iceworks developments (worcester) limited Ownership
ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED group structure
Iceworks Developments (Worcester) Limited has 2 subsidiary companies.
Ultimate parent company
ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED
09276869
2 subsidiaries
iceworks developments (worcester) limited directors
Iceworks Developments (Worcester) Limited currently has 5 directors. The longest serving directors include Mr Kelvin Sparrey (Oct 2014) and Mr Tim Nind (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kelvin Sparrey | United Kingdom | 73 years | Oct 2014 | - | Director |
| Mr Tim Nind | 74 years | Feb 2016 | - | Director | |
| Mr Gavin Gardiner | England | 71 years | Jul 2016 | - | Director |
| Mrs Marilyn Sparrey | 72 years | Oct 2016 | - | Director | |
| Ms Ilona Smith | 55 years | Mar 2020 | - | Director |
P&L
March 2024turnover
2.6m
+39%
operating profit
-21.8k
0%
gross margin
26.3%
+1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
141.7k
-0.15%
total assets
7.1m
+0.47%
cash
5.9k
-0.9%
net assets
Total assets minus all liabilities
iceworks developments (worcester) limited company details
company number
09276869
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
GARDINER FOSH
auditor
-
address
gardiner fosh 31, st. johns, worcester, worcestershire, WR2 5AG
Bank
-
Legal Advisor
-
iceworks developments (worcester) limited 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 6 charges/mortgages relating to iceworks developments (worcester) limited. Currently there are 3 open charges and 3 have been satisfied in the past.
iceworks developments (worcester) limited 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 ICEWORKS DEVELOPMENTS (WORCESTER) LIMITED. This can take several minutes, an email will notify you when this has completed.
iceworks developments (worcester) limited Companies House Filings - See Documents
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