iglufastnet limited
iglufastnet limited Company Information
Company Number
09602565
Next Accounts
Feb 2025
Industry
Travel agency activities
Shareholders
ldc iv lp
richard downs
View AllGroup Structure
View All
Contact
Registered Address
2nd floor 165 the broadway, wimbledon, london, SW19 1NE
Website
-iglufastnet limited Estimated Valuation
Pomanda estimates the enterprise value of IGLUFASTNET LIMITED at £157.5m based on a Turnover of £78.6m and 2x industry multiple (adjusted for size and gross margin).
iglufastnet limited Estimated Valuation
Pomanda estimates the enterprise value of IGLUFASTNET LIMITED at £182.2m based on an EBITDA of £16.8m and a 10.86x industry multiple (adjusted for size and gross margin).
iglufastnet limited Estimated Valuation
Pomanda estimates the enterprise value of IGLUFASTNET LIMITED at £0 based on Net Assets of £-153.4m and 2.05x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Iglufastnet Limited Overview
Iglufastnet Limited is a live company located in london, SW19 1NE with a Companies House number of 09602565. It operates in the travel agency activities sector, SIC Code 79110. Founded in May 2015, it's largest shareholder is ldc iv lp with a 47.6% stake. Iglufastnet Limited is a young, large sized company, Pomanda has estimated its turnover at £78.6m with high growth in recent years.
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Iglufastnet Limited Health Check
Pomanda's financial health check has awarded Iglufastnet Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £78.6m, make it larger than the average company (£8.5m)
£78.6m - Iglufastnet Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (-5.2%)
20% - Iglufastnet Limited
-5.2% - Industry AVG
Production
with a gross margin of 36.9%, this company has a lower cost of product (23.8%)
36.9% - Iglufastnet Limited
23.8% - Industry AVG
Profitability
an operating margin of 16.7% make it more profitable than the average company (2.9%)
16.7% - Iglufastnet Limited
2.9% - Industry AVG
Employees
with 310 employees, this is above the industry average (28)
310 - Iglufastnet Limited
28 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£42k)
£48.5k - Iglufastnet Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £253.6k, this is equally as efficient (£252.7k)
£253.6k - Iglufastnet Limited
£252.7k - Industry AVG
Debtor Days
it gets paid by customers after 351 days, this is later than average (37 days)
351 days - Iglufastnet Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 784 days, this is slower than average (38 days)
784 days - Iglufastnet Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Iglufastnet Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (29 weeks)
16 weeks - Iglufastnet Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 200.9%, this is a higher level of debt than the average (79.9%)
200.9% - Iglufastnet Limited
79.9% - Industry AVG
IGLUFASTNET LIMITED financials
Iglufastnet Limited's latest turnover from May 2023 is £78.6 million and the company has net assets of -£153.4 million. According to their latest financial statements, Iglufastnet Limited has 310 employees and maintains cash reserves of £34.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 78,604,358 | 35,959,904 | 17,575,466 | 45,640,840 | 131,581,040 | 114,731,595 | 96,374,334 | 83,984,809 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 49,609,649 | 18,287,495 | 8,834,986 | 28,157,942 | 96,306,853 | 82,607,527 | 70,405,837 | 61,980,173 |
| Gross Profit | 28,994,709 | 17,672,409 | 8,740,480 | 17,482,898 | 35,274,187 | 32,124,068 | 25,968,497 | 22,004,636 |
| Admin Expenses | 15,872,274 | 20,269,481 | 23,471,531 | 66,159,715 | 36,772,964 | 30,513,655 | 24,443,689 | 20,523,117 |
| Operating Profit | 13,122,435 | -2,597,072 | -14,731,051 | -48,676,817 | -1,498,777 | 1,610,413 | 1,524,808 | 1,481,519 |
| Interest Payable | 10,338,358 | 8,727,503 | 8,553,552 | 6,572,869 | 6,266,138 | 5,969,571 | 5,619,338 | 5,302,543 |
| Interest Receivable | 77,779 | 13,315 | 450 | 34,614 | 42,553 | 14,766 | 21,516 | 36,299 |
| Pre-Tax Profit | -14,392,860 | -22,852,525 | -45,096,153 | -55,215,072 | -7,722,362 | -4,344,392 | -4,073,014 | -3,784,725 |
| Tax | -1,621,995 | -162,193 | 1,910,145 | 4,217,052 | 228,704 | -505,900 | 39,520 | -135,897 |
| Profit After Tax | -16,014,855 | -23,014,718 | -43,186,008 | -50,998,020 | -7,493,658 | -4,850,292 | -4,033,494 | -3,920,622 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -16,014,855 | -23,014,718 | -43,186,008 | -50,998,020 | -7,493,658 | -4,850,292 | -4,033,494 | -3,920,622 |
| Employee Costs | 15,027,653 | 10,826,164 | 10,829,823 | 18,224,154 | 19,212,397 | 16,191,643 | 12,447,464 | 9,757,662 |
| Number Of Employees | 310 | 245 | 312 | 437 | 464 | 407 | 321 | 258 |
| EBITDA* | 16,775,133 | 1,440,695 | -10,202,445 | -14,587,602 | 4,827,899 | 7,205,911 | 6,773,656 | 6,228,033 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 304,261 | 322,181 | 166,732 | 346,716 | 445,580 | 368,660 | 324,111 | 274,965 |
| Intangible Assets | 24,282,069 | 14,628,728 | 16,348,593 | 18,972,906 | 50,375,671 | 52,810,752 | 55,980,678 | 59,130,665 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 10,802,272 | 11,278,956 | 11,786,216 | 11,127,080 | 12,782,709 | 10,058,821 | 5,493,003 | 4,129,643 |
| Total Fixed Assets | 35,388,602 | 26,229,865 | 28,301,541 | 30,446,702 | 63,603,960 | 63,238,233 | 61,797,792 | 63,535,273 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 75,739,110 | 57,754,123 | 54,614,234 | 63,645,575 | 107,676,001 | 86,821,022 | 66,099,372 | 47,940,855 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,352,269 | 4,666,743 | 5,113,903 | 4,865,812 | 5,268,874 | 2,911,740 | 3,150,052 | 2,008,395 |
| Cash | 34,524,392 | 16,704,128 | 5,097,111 | 6,599,348 | 16,927,394 | 25,910,499 | 18,871,705 | 15,843,753 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 116,615,771 | 79,124,994 | 64,825,248 | 75,110,735 | 129,872,269 | 115,643,261 | 88,121,129 | 65,793,003 |
| total assets | 152,004,373 | 105,354,859 | 93,126,789 | 105,557,437 | 193,476,229 | 178,881,494 | 149,918,921 | 129,328,276 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 1,706,658 | 1,000,000 | 1,000,000 |
| Bank loan | 0 | 27,838,760 | 0 | 21,765,248 | 0 | 0 | 0 | 0 |
| Trade Creditors | 106,579,581 | 73,214,282 | 56,955,175 | 72,435,945 | 124,984,535 | 100,996,273 | 76,032,199 | 55,761,409 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,055 |
| other current liabilities | 3,429,759 | 8,943,157 | 6,103,580 | 3,347,480 | 2,449,964 | 3,423,212 | 1,805,443 | 1,604,761 |
| total current liabilities | 110,009,340 | 109,996,199 | 63,058,755 | 97,548,673 | 127,434,499 | 106,126,143 | 78,837,642 | 58,377,225 |
| loans | 137,422,978 | 84,216,778 | 99,400,044 | 39,035,882 | 53,109,718 | 57,680,839 | 60,094,443 | 18,238,218 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 41,842,610 | 34,323,306 | 28,206,074 | 21,316,921 | 15,705,898 | 13,170,526 | 8,208,016 | 4,209,289 |
| other liabilities | 9,830,067 | 10,263,850 | 10,725,457 | 10,125,643 | 11,635,191 | 9,047,990 | 4,943,703 | 46,110,153 |
| provisions | 6,271,442 | 3,911,935 | 6,078,950 | 8,686,969 | 5,749,547 | 5,531,341 | 5,660,142 | 6,195,836 |
| total long term liabilities | 195,367,097 | 132,715,869 | 144,410,525 | 79,165,415 | 86,200,354 | 85,430,696 | 78,906,304 | 74,753,496 |
| total liabilities | 305,376,437 | 242,712,068 | 207,469,280 | 176,714,088 | 213,634,853 | 191,556,839 | 157,743,946 | 133,130,721 |
| net assets | -153,372,064 | -137,357,209 | -114,342,491 | -71,156,651 | -20,158,624 | -12,675,345 | -7,825,025 | -3,802,445 |
| total shareholders funds | -153,372,064 | -137,357,209 | -114,342,491 | -71,156,651 | -20,158,624 | -12,675,345 | -7,825,025 | -3,802,445 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 13,122,435 | -2,597,072 | -14,731,051 | -48,676,817 | -1,498,777 | 1,610,413 | 1,524,808 | 1,481,519 |
| Depreciation | 188,376 | 151,510 | 221,530 | 278,182 | 283,013 | 222,059 | 210,963 | 188,922 |
| Amortisation | 3,464,322 | 3,886,257 | 4,307,076 | 33,811,033 | 6,043,663 | 5,373,439 | 5,037,885 | 4,557,592 |
| Tax | -1,621,995 | -162,193 | 1,910,145 | 4,217,052 | 228,704 | -505,900 | 39,520 | -135,897 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 19,193,829 | 2,185,469 | -8,124,114 | -46,089,117 | 25,936,001 | 25,049,156 | 20,663,534 | 54,078,893 |
| Creditors | 33,365,299 | 16,259,107 | -15,480,770 | -52,548,590 | 23,988,262 | 24,964,074 | 20,270,790 | 55,761,409 |
| Accruals and Deferred Income | 2,005,906 | 8,956,809 | 9,645,253 | 6,508,539 | 1,562,124 | 6,580,279 | 4,199,409 | 5,814,050 |
| Deferred Taxes & Provisions | 2,359,507 | -2,167,015 | -2,608,019 | 2,937,422 | 218,206 | -128,801 | -535,694 | 6,195,836 |
| Cash flow from operations | 33,690,021 | 22,141,934 | -8,611,722 | -7,384,062 | 4,889,194 | 13,066,407 | 10,084,147 | 19,784,538 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -3,969,661 | -2,470,121 | -2,201,359 | -27,909,862 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -3,969,661 | -2,470,121 | -2,201,359 | -27,909,862 |
| Financing Activities | ||||||||
| Bank loans | -27,838,760 | 27,838,760 | -21,765,248 | 21,765,248 | 0 | 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 | 53,206,200 | -15,183,266 | 60,364,162 | -14,073,836 | -4,571,121 | -2,413,604 | 41,856,225 | 18,238,218 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -11,055 | 11,055 |
| other long term liabilities | -433,783 | -461,607 | 599,814 | -1,509,548 | 2,587,201 | 4,104,287 | -41,166,450 | 46,110,153 |
| share issue | ||||||||
| interest | -10,260,579 | -8,714,188 | -8,553,102 | -6,538,255 | -6,223,585 | -5,954,805 | -5,597,822 | -5,266,244 |
| cash flow from financing | 14,673,078 | 3,479,699 | 30,645,794 | -356,398 | -8,197,126 | -4,264,150 | -4,908,188 | 59,211,359 |
| cash and cash equivalents | ||||||||
| cash | 17,820,264 | 11,607,017 | -1,502,237 | -10,328,046 | -8,983,105 | 7,038,794 | 3,027,952 | 15,843,753 |
| overdraft | 0 | 0 | 0 | 0 | -1,706,658 | 706,658 | 0 | 1,000,000 |
| change in cash | 17,820,264 | 11,607,017 | -1,502,237 | -10,328,046 | -7,276,447 | 6,332,136 | 3,027,952 | 14,843,753 |
iglufastnet limited Credit Report and Business Information
Iglufastnet Limited Competitor Analysis
Perform a competitor analysis for iglufastnet limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SW19 area or any other competitors across 12 key performance metrics.
iglufastnet limited Ownership
IGLUFASTNET LIMITED group structure
Iglufastnet Limited has 1 subsidiary company.
iglufastnet limited directors
Iglufastnet Limited currently has 5 directors. The longest serving directors include Mr Richard Downs (May 2015) and Ms Lorna Vincent (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Downs | England | 58 years | May 2015 | - | Director |
| Ms Lorna Vincent | United Kingdom | 54 years | Jun 2015 | - | Director |
| Mr Greg Wills | United Kingdom | 53 years | Jun 2015 | - | Director |
| Mr David Andrews | England | 41 years | Nov 2017 | - | Director |
| Mr David Gooch | United Kingdom | 46 years | Jan 2022 | - | Director |
P&L
May 2023turnover
78.6m
+119%
operating profit
13.1m
-605%
gross margin
36.9%
-24.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-153.4m
+0.12%
total assets
152m
+0.44%
cash
34.5m
+1.07%
net assets
Total assets minus all liabilities
iglufastnet limited company details
company number
09602565
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
May 2015
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
2nd floor 165 the broadway, wimbledon, london, SW19 1NE
Bank
-
Legal Advisor
-
iglufastnet 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 iglufastnet limited. Currently there are 5 open charges and 1 have been satisfied in the past.
iglufastnet 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 IGLUFASTNET LIMITED. This can take several minutes, an email will notify you when this has completed.
iglufastnet limited Companies House Filings - See Documents
| date | description | view/download |
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