ince ltd
ince ltd Company Information
Group Structure
View All
Industry
Hairdressing and other beauty treatment
Registered Address
c/o cwa unit 4, 3rd floor, pride court, 80-82 white lion street, n1, london, N1 9PF
Website
www.ince.co.zaince ltd Estimated Valuation
Pomanda estimates the enterprise value of INCE LTD at £510.7k based on a Turnover of £698.2k and 0.73x industry multiple (adjusted for size and gross margin).
ince ltd Estimated Valuation
Pomanda estimates the enterprise value of INCE LTD at £252.9k based on an EBITDA of £52.6k and a 4.81x industry multiple (adjusted for size and gross margin).
ince ltd Estimated Valuation
Pomanda estimates the enterprise value of INCE LTD at £272.6k based on Net Assets of £62.4k and 4.37x industry multiple (adjusted for liquidity).
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Ince Ltd Overview
Ince Ltd is a live company located in 80-82 white lion street, n1, N1 9PF with a Companies House number of 09395309. It operates in the hairdressing and other beauty treatment sector, SIC Code 96020. Founded in January 2015, it's largest shareholder is aziz ince with a 100% stake. Ince Ltd is a established, small sized company, Pomanda has estimated its turnover at £698.2k with rapid growth in recent years.
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Ince Ltd Health Check
Pomanda's financial health check has awarded Ince Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £698.2k, make it larger than the average company (£98.4k)
- Ince Ltd
£98.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (8.8%)
- Ince Ltd
8.8% - Industry AVG
Production
with a gross margin of 79.2%, this company has a comparable cost of product (79.2%)
- Ince Ltd
79.2% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (6.1%)
- Ince Ltd
6.1% - Industry AVG
Employees
with 12 employees, this is above the industry average (4)
12 - Ince Ltd
4 - Industry AVG
Pay Structure
on an average salary of £15.2k, the company has an equivalent pay structure (£15.2k)
- Ince Ltd
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £58.2k, this is more efficient (£39.3k)
- Ince Ltd
£39.3k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (33 days)
- Ince Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 198 days, this is slower than average (95 days)
- Ince Ltd
95 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (53 days)
- Ince Ltd
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (21 weeks)
6 weeks - Ince Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71%, this is a lower level of debt than the average (90.5%)
71% - Ince Ltd
90.5% - Industry AVG
INCE LTD financials
Ince Ltd's latest turnover from November 2023 is estimated at £698.2 thousand and the company has net assets of £62.4 thousand. According to their latest financial statements, Ince Ltd has 12 employees and maintains cash reserves of £9.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 12 | 12 | 7 | 7 | 6 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 88,794 | 67,861 | 70,356 | 77,343 | 72,428 | 61,741 | 59,764 | 29,098 | 25,656 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 88,794 | 67,861 | 70,356 | 77,343 | 72,428 | 61,741 | 59,764 | 29,098 | 25,656 |
| Stock & work in progress | 3,750 | 3,750 | 3,150 | 2,760 | 2,530 | 2,660 | 1,250 | ||
| Trade Debtors | 113,300 | 88,900 | 110,665 | 17,381 | |||||
| Group Debtors | |||||||||
| Misc Debtors | 60,000 | ||||||||
| Cash | 9,147 | 6,615 | 42,294 | 28,950 | 5,814 | 6,089 | 1,972 | ||
| misc current assets | |||||||||
| total current assets | 126,197 | 99,265 | 110,665 | 105,444 | 31,710 | 17,381 | 8,344 | 8,749 | 3,222 |
| total assets | 214,991 | 167,126 | 181,021 | 182,787 | 104,138 | 79,122 | 68,108 | 37,847 | 28,878 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 79,240 | 71,122 | 54,413 | 1,469 | 1,486 | 24,267 | 2,765 | 3,983 | |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 35,065 | 31,378 | 26,256 | 11,352 | |||||
| total current liabilities | 79,240 | 71,122 | 54,413 | 36,534 | 32,864 | 24,267 | 29,021 | 11,352 | 3,983 |
| loans | 72,000 | ||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 73,304 | 73,304 | 50,400 | 12,000 | 12,000 | 22,000 | 22,000 | ||
| provisions | |||||||||
| total long term liabilities | 73,304 | 73,304 | 50,400 | 72,000 | 12,000 | 12,000 | 22,000 | 22,000 | |
| total liabilities | 152,544 | 144,426 | 104,813 | 108,534 | 32,864 | 36,267 | 41,021 | 33,352 | 25,983 |
| net assets | 62,447 | 22,700 | 76,208 | 74,253 | 71,274 | 42,855 | 27,087 | 4,495 | 2,895 |
| total shareholders funds | 62,447 | 22,700 | 76,208 | 74,253 | 71,274 | 42,855 | 27,087 | 4,495 | 2,895 |
| Nov 2023 | Nov 2022 | Nov 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 6,987 | 6,737 | 4,386 | 5,436 | |||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 3,750 | -3,150 | 390 | 2,760 | -2,530 | -130 | 1,410 | 1,250 | |
| Debtors | 24,400 | -21,765 | 50,665 | 60,000 | -17,381 | 17,381 | |||
| Creditors | 8,118 | 16,709 | 52,944 | -17 | -22,781 | 21,502 | 2,765 | -3,983 | 3,983 |
| Accruals and Deferred Income | -35,065 | 3,687 | 31,378 | -26,256 | 14,904 | 11,352 | |||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | -72,000 | 72,000 | |||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | 22,904 | 50,400 | -12,000 | -10,000 | 22,000 | ||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 2,532 | 6,615 | -42,294 | 13,344 | 28,950 | -5,814 | -275 | 4,117 | 1,972 |
| overdraft | |||||||||
| change in cash | 2,532 | 6,615 | -42,294 | 13,344 | 28,950 | -5,814 | -275 | 4,117 | 1,972 |
ince ltd Credit Report and Business Information
Ince Ltd Competitor Analysis
Perform a competitor analysis for ince ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in N 1 area or any other competitors across 12 key performance metrics.
ince ltd Ownership
INCE LTD group structure
Ince Ltd has no subsidiary companies.
Ultimate parent company
INCE LTD
09395309
ince ltd directors
Ince Ltd currently has 1 director, Mr Aziz Ince serving since Jan 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aziz Ince | England | 33 years | Jan 2018 | - | Director |
P&L
November 2023turnover
698.2k
+35%
operating profit
52.6k
0%
gross margin
79.2%
+4.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
62.4k
+1.75%
total assets
215k
+0.29%
cash
9.1k
+0.38%
net assets
Total assets minus all liabilities
ince ltd company details
company number
09395309
Type
Private limited with Share Capital
industry
96020 - Hairdressing and other beauty treatment
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
c/o cwa unit 4, 3rd floor, pride court, 80-82 white lion street, n1, london, N1 9PF
Bank
-
Legal Advisor
-
ince 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 1 charges/mortgages relating to ince ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
ince 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.
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ince ltd Companies House Filings - See Documents
| date | description | view/download |
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