ic 107 limited
ic 107 limited Company Information
Company Number
09556619
Website
-Registered Address
80 catley road, sheffield, S9 5JF
Industry
Non-trading company
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
julian thorpe 50%
philip shackley 50%
ic 107 limited Estimated Valuation
Pomanda estimates the enterprise value of IC 107 LIMITED at £10.9m based on a Turnover of £19.6m and 0.56x industry multiple (adjusted for size and gross margin).
ic 107 limited Estimated Valuation
Pomanda estimates the enterprise value of IC 107 LIMITED at £12.2m based on an EBITDA of £2.5m and a 4.86x industry multiple (adjusted for size and gross margin).
ic 107 limited Estimated Valuation
Pomanda estimates the enterprise value of IC 107 LIMITED at £8.2m based on Net Assets of £4m and 2.08x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ic 107 Limited Overview
Ic 107 Limited is a live company located in sheffield, S9 5JF with a Companies House number of 09556619. It operates in the non-trading company sector, SIC Code 74990. Founded in April 2015, it's largest shareholder is julian thorpe with a 50% stake. Ic 107 Limited is a young, mid sized company, Pomanda has estimated its turnover at £19.6m with declining growth in recent years.
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Ic 107 Limited Health Check
Pomanda's financial health check has awarded Ic 107 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £19.6m, make it larger than the average company (£3.8m)
£19.6m - Ic 107 Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3%)
-1% - Ic 107 Limited
3% - Industry AVG
Production
with a gross margin of 22.5%, this company has a higher cost of product (35.2%)
22.5% - Ic 107 Limited
35.2% - Industry AVG
Profitability
an operating margin of 11.2% make it more profitable than the average company (5.9%)
11.2% - Ic 107 Limited
5.9% - Industry AVG
Employees
with 158 employees, this is above the industry average (40)
158 - Ic 107 Limited
40 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has a lower pay structure (£39.9k)
£29.4k - Ic 107 Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £124.4k, this is less efficient (£149.9k)
£124.4k - Ic 107 Limited
£149.9k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (43 days)
67 days - Ic 107 Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (43 days)
47 days - Ic 107 Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (47 days)
11 days - Ic 107 Limited
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (34 weeks)
19 weeks - Ic 107 Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.2%, this is a lower level of debt than the average (48.9%)
43.2% - Ic 107 Limited
48.9% - Industry AVG
IC 107 LIMITED financials
Ic 107 Limited's latest turnover from December 2022 is £19.6 million and the company has net assets of £4 million. According to their latest financial statements, Ic 107 Limited has 158 employees and maintains cash reserves of £986.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 19,648,515 | 16,005,368 | 12,570,029 | 20,074,132 | 13,506,735 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 15,234,603 | 12,716,899 | 11,195,565 | 16,833,142 | 10,866,342 | |||
| Gross Profit | 4,413,912 | 3,288,469 | 1,374,464 | 3,240,990 | 2,640,393 | |||
| Admin Expenses | 2,223,626 | 1,862,273 | 933,601 | 2,330,858 | 1,558,489 | |||
| Operating Profit | 2,190,286 | 1,426,196 | 440,863 | 910,132 | 1,081,904 | |||
| Interest Payable | 13,763 | 25,595 | 42,800 | 77,561 | 25,936 | |||
| Interest Receivable | 69 | 205 | 1 | 53 | 74 | |||
| Pre-Tax Profit | 2,176,592 | 1,400,806 | 398,064 | 832,624 | 1,056,042 | |||
| Tax | -396,755 | -253,228 | -70,414 | -136,907 | -142,863 | |||
| Profit After Tax | 1,779,837 | 1,147,578 | 327,650 | 695,717 | 913,179 | |||
| Dividends Paid | 860,000 | 600,000 | 100,000 | 260,000 | 440,000 | |||
| Retained Profit | 919,837 | 547,578 | 227,650 | 435,717 | 473,179 | |||
| Employee Costs | 4,643,664 | 4,147,428 | 4,419,652 | 5,348,536 | 3,401,647 | |||
| Number Of Employees | 158 | 152 | 188 | 207 | 201 | 2 | 2 | |
| EBITDA* | 2,502,956 | 1,698,319 | 738,382 | 1,229,675 | 1,311,815 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,700,840 | 1,518,214 | 1,480,338 | 1,653,945 | 1,248,265 | 1,356,750 | 1,356,750 | 0 |
| Intangible Assets | -458,482 | -544,447 | -630,412 | -716,377 | -802,342 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,356,750 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,242,358 | 973,767 | 849,926 | 937,568 | 445,923 | 1,356,750 | 1,356,750 | 1,356,750 |
| Stock & work in progress | 474,476 | 535,873 | 430,190 | 391,759 | 340,138 | 0 | 0 | 0 |
| Trade Debtors | 3,655,431 | 2,988,915 | 2,912,669 | 4,212,191 | 3,860,279 | 164 | 3,170 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 613,945 | 682,899 | 770,805 | 0 | 453,044 | 0 | 0 | 0 |
| Cash | 986,138 | 919,922 | 897,203 | 793,706 | 944,528 | 0 | 0 | 3,229 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,729,990 | 5,127,609 | 5,010,867 | 5,397,656 | 5,597,989 | 164 | 3,170 | 3,229 |
| total assets | 6,972,348 | 6,101,376 | 5,860,793 | 6,335,224 | 6,043,912 | 1,356,914 | 1,359,920 | 1,359,979 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 33,852 | 246,415 | 484,500 | 0 | 450,000 | 0 | 0 | 0 |
| Trade Creditors | 1,971,741 | 1,819,197 | 1,876,459 | 3,081,167 | 2,151,884 | 0 | 0 | 411,228 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 78,629 | 47,373 | 23,414 | 0 | 109,160 | 0 | 0 | 0 |
| other current liabilities | 519,367 | 592,456 | 378,424 | 0 | 352,625 | 0 | 0 | 0 |
| total current liabilities | 2,603,589 | 2,705,441 | 2,762,797 | 3,081,167 | 3,063,669 | 0 | 0 | 411,228 |
| loans | 191,713 | 225,456 | 525,786 | 0 | 1,050,000 | 0 | 0 | 0 |
| hp & lease commitments | 96,371 | 59,241 | 23,650 | 0 | 20,750 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 925,047 | 0 | 0 | 0 | 400,000 |
| provisions | 119,800 | 70,200 | 55,100 | 63,200 | 79,400 | 0 | 0 | 0 |
| total long term liabilities | 407,884 | 354,897 | 604,536 | 988,247 | 1,150,150 | 0 | 0 | 400,000 |
| total liabilities | 3,011,473 | 3,060,338 | 3,367,333 | 4,069,414 | 4,213,819 | 0 | 0 | 811,228 |
| net assets | 3,960,875 | 3,041,038 | 2,493,460 | 2,265,810 | 1,830,093 | 1,356,914 | 1,359,920 | 548,751 |
| total shareholders funds | 3,960,875 | 3,041,038 | 2,493,460 | 2,265,810 | 1,830,093 | 1,356,914 | 1,359,920 | 548,751 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,190,286 | 1,426,196 | 440,863 | 910,132 | 1,081,904 | |||
| Depreciation | 226,705 | 186,158 | 211,554 | 233,578 | 172,601 | 0 | ||
| Amortisation | 85,965 | 85,965 | 85,965 | 85,965 | 57,310 | 0 | ||
| Tax | -396,755 | -253,228 | -70,414 | -136,907 | -142,863 | |||
| Stock | -61,397 | 105,683 | 38,431 | 51,621 | 340,138 | 0 | 0 | 0 |
| Debtors | 597,562 | -11,660 | -528,717 | -101,132 | 4,313,159 | -3,006 | 3,170 | 0 |
| Creditors | 152,544 | -57,262 | -1,204,708 | 929,283 | 2,151,884 | 0 | -411,228 | 411,228 |
| Accruals and Deferred Income | -73,089 | 214,032 | 378,424 | -352,625 | 352,625 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 49,600 | 15,100 | -8,100 | -16,200 | 79,400 | 0 | 0 | 0 |
| Cash flow from operations | 1,699,091 | 1,522,938 | 323,870 | 1,702,737 | -900,436 | |||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -889,029 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1,356,750 | 1,356,750 |
| cash flow from investments | 0 | 0 | 0 | 0 | -889,029 | |||
| Financing Activities | ||||||||
| Bank loans | -212,563 | -238,085 | 484,500 | -450,000 | 450,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -33,743 | -300,330 | 525,786 | -1,050,000 | 1,050,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 68,386 | 59,550 | 47,064 | -129,910 | 129,910 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -925,047 | 925,047 | 0 | 0 | -400,000 | 400,000 |
| share issue | ||||||||
| interest | -13,694 | -25,390 | -42,799 | -77,508 | -25,862 | |||
| cash flow from financing | -191,614 | -504,255 | 89,504 | -782,371 | 1,604,048 | |||
| cash and cash equivalents | ||||||||
| cash | 66,216 | 22,719 | 103,497 | -150,822 | 944,528 | 0 | -3,229 | 3,229 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 66,216 | 22,719 | 103,497 | -150,822 | 944,528 | 0 | -3,229 | 3,229 |
ic 107 limited Credit Report and Business Information
Ic 107 Limited Competitor Analysis
Perform a competitor analysis for ic 107 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ic 107 limited Ownership
IC 107 LIMITED group structure
Ic 107 Limited has 1 subsidiary company.
ic 107 limited directors
Ic 107 Limited currently has 2 directors. The longest serving directors include Mr Philip Shackley (Apr 2015) and Mr Julian Thorpe (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Shackley | 68 years | Apr 2015 | - | Director | |
| Mr Julian Thorpe | United Kingdom | 60 years | Apr 2015 | - | Director |
P&L
December 2022turnover
19.6m
+23%
operating profit
2.2m
+54%
gross margin
22.5%
+9.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4m
+0.3%
total assets
7m
+0.14%
cash
986.1k
+0.07%
net assets
Total assets minus all liabilities
Similar Companies
ic 107 limited company details
company number
09556619
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
April 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
80 catley road, sheffield, S9 5JF
last accounts submitted
December 2022
ic 107 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 did not find charges/mortgages relating to ic 107 limited.
ic 107 limited Companies House Filings - See Documents
| date | description | view/download |
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