ignition technology ltd
ignition technology ltd Company Information
Company Number
09380523
Next Accounts
Sep 2025
Industry
Wholesale of computers, computer peripheral equipment and software
Directors
Shareholders
ignition bidco limited
Group Structure
View All
Contact
Registered Address
cody technology park, old ively road, farnborough, GU14 0LX
Website
ignition-technology.comignition technology ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITION TECHNOLOGY LTD at £36.9m based on a Turnover of £74.2m and 0.5x industry multiple (adjusted for size and gross margin).
ignition technology ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITION TECHNOLOGY LTD at £12.2m based on an EBITDA of £2m and a 6.13x industry multiple (adjusted for size and gross margin).
ignition technology ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITION TECHNOLOGY LTD at £8.7m based on Net Assets of £4.5m and 1.94x industry multiple (adjusted for liquidity).
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Ignition Technology Ltd Overview
Ignition Technology Ltd is a live company located in farnborough, GU14 0LX with a Companies House number of 09380523. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in January 2015, it's largest shareholder is ignition bidco limited with a 100% stake. Ignition Technology Ltd is a young, large sized company, Pomanda has estimated its turnover at £74.2m with rapid growth in recent years.
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Ignition Technology Ltd Health Check
Pomanda's financial health check has awarded Ignition Technology Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £74.2m, make it larger than the average company (£20.2m)
£74.2m - Ignition Technology Ltd
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (8.4%)
37% - Ignition Technology Ltd
8.4% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (19.3%)
9.5% - Ignition Technology Ltd
19.3% - Industry AVG
Profitability
an operating margin of 2.6% make it as profitable than the average company (3%)
2.6% - Ignition Technology Ltd
3% - Industry AVG
Employees
with 49 employees, this is similar to the industry average (49)
49 - Ignition Technology Ltd
49 - Industry AVG
Pay Structure
on an average salary of £71.1k, the company has an equivalent pay structure (£61.3k)
£71.1k - Ignition Technology Ltd
£61.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£561.3k)
£1.5m - Ignition Technology Ltd
£561.3k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (46 days)
77 days - Ignition Technology Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (30 days)
95 days - Ignition Technology Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ignition Technology Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (15 weeks)
23 weeks - Ignition Technology Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83%, this is a higher level of debt than the average (61%)
83% - Ignition Technology Ltd
61% - Industry AVG
IGNITION TECHNOLOGY LTD financials
Ignition Technology Ltd's latest turnover from December 2023 is £74.2 million and the company has net assets of £4.5 million. According to their latest financial statements, Ignition Technology Ltd has 49 employees and maintains cash reserves of £9.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 74,150,586 | 56,816,800 | 27,722,513 | 35,780,486 | 28,674,538 | 22,507,313 | 13,822,338 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 67,087,507 | 49,993,534 | 24,356,076 | 31,012,724 | 24,402,969 | 19,372,921 | 11,445,715 | ||
| Gross Profit | 7,063,079 | 6,823,266 | 3,366,437 | 4,767,762 | 4,271,569 | 3,134,392 | 2,376,623 | ||
| Admin Expenses | 5,121,805 | 4,264,879 | 2,010,847 | 3,019,390 | 3,180,833 | 2,753,913 | 1,594,877 | ||
| Operating Profit | 1,941,274 | 2,558,387 | 1,355,590 | 1,748,372 | 1,090,736 | 380,479 | 781,746 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 16,347 | 0 | 0 | ||
| Interest Receivable | 250,487 | 3,058 | 200 | 2,603 | 1,122 | 0 | 0 | ||
| Pre-Tax Profit | 2,191,761 | 2,561,445 | 1,355,790 | 1,750,975 | 1,075,511 | 399,760 | 880,323 | ||
| Tax | -527,849 | -504,969 | -39,460 | -362,174 | -243,015 | -79,338 | -180,060 | ||
| Profit After Tax | 1,663,912 | 2,056,476 | 1,316,330 | 1,388,801 | 832,496 | 320,422 | 700,263 | ||
| Dividends Paid | 1,000,000 | 1,000,000 | 0 | 540,000 | 216,000 | 180,000 | 18,000 | ||
| Retained Profit | 663,912 | 1,056,476 | 1,316,330 | 848,801 | 616,496 | 140,422 | 682,263 | ||
| Employee Costs | 3,485,948 | 3,216,028 | 1,541,111 | 2,295,669 | 2,186,517 | 2,048,896 | 1,119,271 | ||
| Number Of Employees | 49 | 43 | 39 | 37 | 32 | 26 | 20 | 14 | 8 |
| EBITDA* | 1,989,736 | 2,578,983 | 1,370,053 | 1,771,673 | 1,114,112 | 399,897 | 789,667 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 189,212 | 26,564 | 16,504 | 25,650 | 31,659 | 31,717 | 29,482 | 14,377 | 0 |
| Intangible Assets | 20,085 | 6,413 | 8,072 | 10,971 | 14,455 | 18,704 | 0 | 0 | 0 |
| Investments & Other | 3,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 212,600 | 32,977 | 24,576 | 36,621 | 46,114 | 50,421 | 29,482 | 14,377 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,809,050 | 14,961,716 | 9,294,220 | 3,311,353 | 3,103,229 | 4,859,015 | 5,017,275 | 957,992 | 2,071,168 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 700,473 | 0 | 170,854 | 214,803 | 89,897 | 365,052 | 85,332 | 0 | 31,458 |
| Cash | 9,734,746 | 6,383,559 | 5,376,615 | 7,586,615 | 5,962,526 | 2,186,563 | 2,798,393 | 1,060,599 | 103,525 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,244,269 | 21,345,275 | 14,841,689 | 11,112,771 | 9,155,652 | 7,410,630 | 7,901,000 | 2,018,591 | 2,206,151 |
| total assets | 26,456,869 | 21,378,252 | 14,866,265 | 11,149,392 | 9,201,766 | 7,461,051 | 7,930,482 | 2,032,968 | 2,206,151 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,610,161 | 14,044,349 | 8,937,103 | 5,351,269 | 4,829,050 | 4,857,869 | 5,378,137 | 1,780,351 | 1,405,222 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,672,809 | 3,492,158 | 3,104,801 | 3,157,797 | 2,673,031 | 1,413,469 | 1,604,638 | 0 | 616,611 |
| total current liabilities | 21,282,970 | 17,536,507 | 12,041,904 | 8,509,066 | 7,502,081 | 6,271,338 | 6,982,775 | 1,780,351 | 2,021,833 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 681,557 | 6,051 | 0 | 93,294 | 0 | 106,055 | 12,827 | 0 | 0 |
| other liabilities | 0 | 0 | 46,647 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 7,264 | 5,760 | 6,433 | 7,887 | 8,356 | 0 | 0 | 0 |
| total long term liabilities | 681,557 | 13,315 | 52,407 | 99,727 | 7,887 | 114,411 | 12,827 | 0 | 0 |
| total liabilities | 21,964,527 | 17,549,822 | 12,094,311 | 8,608,793 | 7,509,968 | 6,385,749 | 6,995,602 | 1,780,351 | 2,021,833 |
| net assets | 4,492,342 | 3,828,430 | 2,771,954 | 2,540,599 | 1,691,798 | 1,075,302 | 934,880 | 252,617 | 184,318 |
| total shareholders funds | 4,492,342 | 3,828,430 | 2,771,954 | 2,540,599 | 1,691,798 | 1,075,302 | 934,880 | 252,617 | 184,318 |
| Dec 2023 | Dec 2022 | Dec 2021 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,941,274 | 2,558,387 | 1,355,590 | 1,748,372 | 1,090,736 | 380,479 | 781,746 | ||
| Depreciation | 46,245 | 14,652 | 9,146 | 16,416 | 16,705 | 13,858 | 7,921 | 0 | 0 |
| Amortisation | 2,217 | 5,944 | 5,317 | 6,885 | 6,671 | 5,560 | 0 | 0 | 0 |
| Tax | -527,849 | -504,969 | -39,460 | -362,174 | -243,015 | -79,338 | -180,060 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,547,807 | 5,496,642 | 6,271,948 | 333,030 | -2,030,941 | 121,460 | 4,144,615 | -1,144,634 | 2,102,626 |
| Creditors | 3,565,812 | 5,107,246 | 4,108,053 | 522,219 | -28,819 | -520,268 | 3,597,786 | 375,129 | 1,405,222 |
| Accruals and Deferred Income | 856,157 | 393,408 | 431,770 | 578,060 | 1,153,507 | -97,941 | 1,617,465 | -616,611 | 616,611 |
| Deferred Taxes & Provisions | -7,264 | 1,504 | -2,127 | -1,454 | -469 | 8,356 | 0 | 0 | 0 |
| Cash flow from operations | 4,328,785 | 2,079,530 | -403,659 | 2,175,294 | 4,026,257 | -410,754 | 1,680,243 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Change in Investments | 3,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -3,303 | 0 | 0 | 0 | 0 | 0 | |||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -46,647 | 46,647 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 250,487 | 3,058 | 200 | 2,603 | -15,225 | 0 | 0 | ||
| cash flow from financing | 250,487 | -43,589 | -189,327 | 2,603 | -15,225 | 0 | 0 | ||
| cash and cash equivalents | |||||||||
| cash | 3,351,187 | 1,006,944 | -585,911 | 1,624,089 | 3,775,963 | -611,830 | 1,737,794 | 957,074 | 103,525 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,351,187 | 1,006,944 | -585,911 | 1,624,089 | 3,775,963 | -611,830 | 1,737,794 | 957,074 | 103,525 |
ignition technology ltd Credit Report and Business Information
Ignition Technology Ltd Competitor Analysis
Perform a competitor analysis for ignition technology ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in GU14 area or any other competitors across 12 key performance metrics.
ignition technology ltd Ownership
IGNITION TECHNOLOGY LTD group structure
Ignition Technology Ltd has no subsidiary companies.
Ultimate parent company
EXCLUSIVE NETWORKS SA
#0164809
2 parents
IGNITION TECHNOLOGY LTD
09380523
ignition technology ltd directors
Ignition Technology Ltd currently has 1 director, Mr Peter Ledger serving since Jan 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Ledger | England | 43 years | Jan 2015 | - | Director |
P&L
December 2023turnover
74.2m
+31%
operating profit
1.9m
-24%
gross margin
9.6%
-20.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.5m
+0.17%
total assets
26.5m
+0.24%
cash
9.7m
+0.52%
net assets
Total assets minus all liabilities
Similar Companies
ignition technology ltd company details
company number
09380523
Type
Private limited with Share Capital
industry
46510 - Wholesale of computers, computer peripheral equipment and software
incorporation date
January 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
unifi security limited (January 2015)
accountant
-
auditor
CONSTANTIN
address
cody technology park, old ively road, farnborough, GU14 0LX
Bank
HSBC UK BANK PLC
Legal Advisor
-
ignition technology 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 did not find charges/mortgages relating to ignition technology ltd.
ignition technology ltd Companies House Filings - See Documents
| date | description | view/download |
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