vision tek london ltd

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vision tek london ltd Company Information

Share VISION TEK LONDON LTD

Company Number

09611036

Directors

Udnan Aziz

Ghulam Alahi

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Shareholders

vision tek ltd

Group Structure

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Industry

Retail sale of mobile telephones in specialised stores

 

Registered Address

555-557 cranbrook road, gants hill, ilford, essex, IG2 6HE

vision tek london ltd Estimated Valuation

£558.7k

Pomanda estimates the enterprise value of VISION TEK LONDON LTD at £558.7k based on a Turnover of £1.9m and 0.3x industry multiple (adjusted for size and gross margin).

vision tek london ltd Estimated Valuation

£218.4k

Pomanda estimates the enterprise value of VISION TEK LONDON LTD at £218.4k based on an EBITDA of £63.8k and a 3.42x industry multiple (adjusted for size and gross margin).

vision tek london ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of VISION TEK LONDON LTD at £1.2m based on Net Assets of £442.1k and 2.74x industry multiple (adjusted for liquidity).

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Vision Tek London Ltd Overview

Vision Tek London Ltd is a live company located in ilford, IG2 6HE with a Companies House number of 09611036. It operates in the retail sale of mobile telephones sector, SIC Code 47421. Founded in May 2015, it's largest shareholder is vision tek ltd with a 100% stake. Vision Tek London Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.

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Vision Tek London Ltd Health Check

Pomanda's financial health check has awarded Vision Tek London Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £1.9m, make it larger than the average company (£384.6k)

£1.9m - Vision Tek London Ltd

£384.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (2.3%)

30% - Vision Tek London Ltd

2.3% - Industry AVG

production

Production

with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)

28.4% - Vision Tek London Ltd

28.4% - Industry AVG

profitability

Profitability

an operating margin of 3.4% make it more profitable than the average company (1.7%)

3.4% - Vision Tek London Ltd

1.7% - Industry AVG

employees

Employees

with 10 employees, this is above the industry average (4)

10 - Vision Tek London Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.1k, the company has an equivalent pay structure (£23.1k)

£23.1k - Vision Tek London Ltd

£23.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £186k, this is more efficient (£80k)

£186k - Vision Tek London Ltd

£80k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is later than average (26 days)

49 days - Vision Tek London Ltd

26 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 73 days, this is slower than average (32 days)

73 days - Vision Tek London Ltd

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5 days, this is less than average (22 days)

5 days - Vision Tek London Ltd

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Vision Tek London Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.8%, this is a similar level of debt than the average (79.1%)

74.8% - Vision Tek London Ltd

79.1% - Industry AVG

VISION TEK LONDON LTD financials

EXPORTms excel logo

Vision Tek London Ltd's latest turnover from February 2024 is estimated at £1.9 million and the company has net assets of £442.1 thousand. According to their latest financial statements, Vision Tek London Ltd has 10 employees and maintains cash reserves of £11.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Turnover1,859,6931,171,7081,882,366846,5722,983,6582,256,9962,842,2723,676,0422,278,445
Other Income Or Grants
Cost Of Sales1,331,824851,8641,523,787602,6842,226,4081,557,3711,866,4832,303,2701,495,123
Gross Profit527,870319,844358,579243,888757,250699,625975,7891,372,772783,323
Admin Expenses464,365171,811143,552232,2921,167,1001,008,333520,8741,168,140460,032
Operating Profit63,505148,033215,02711,596-409,850-308,708454,915204,632323,291
Interest Payable
Interest Receivable4848,4991,9483232332,7434,0351,130473
Pre-Tax Profit63,989156,532216,97511,920-409,617-305,965458,951205,762323,764
Tax-15,997-29,741-41,225-2,265-87,201-39,095-64,753
Profit After Tax47,992126,791175,7509,655-409,617-305,965371,750166,667259,011
Dividends Paid
Retained Profit47,992126,791175,7509,655-409,617-305,965371,750166,667259,011
Employee Costs230,713380,306332,348366,978488,515701,907721,086724,938557,620
Number Of Employees101414172230303221
EBITDA*63,775150,454224,19628,868-361,576-259,965516,641260,628358,503

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Tangible Assets5418111,2172,0402,6203,8125,7186,069774
Intangible Assets2,01510,36027,05373,802148,114207,196146,766
Investments & Other
Debtors (Due After 1 year)508,243468,243175,143
Total Fixed Assets5418113,23212,40029,673585,857622,075388,408147,540
Stock & work in progress21,14831,40323,5222,91940,65590,876125,361106,04172,678
Trade Debtors250,557124,796184,92029,797155,045162,030228,062202,998109,217
Group Debtors1,455,076998,821435,34452,500
Misc Debtors16,08317,402259,75432,449295,147141,73067,36076,74754,721
Cash11,2257,208417,747361,510285,239181,167550,341525,737378,067
misc current assets
total current assets1,754,0891,179,6301,321,287426,675828,586575,803971,124911,523614,683
total assets1,754,6301,180,4411,324,519439,075858,2591,161,6601,593,1991,299,931762,223
Bank overdraft
Bank loan
Trade Creditors 267,851130,907218,36012,986306,632281,308291,951298,641177,017
Group/Directors Accounts759,702470,860327,282194,7512557,344130,92189,602
other short term finances
hp & lease commitments
other current liabilities284,943184,532499,026127,237469,183388,764445,289443,622236,428
total current liabilities1,312,496786,2991,044,668334,974775,815670,097794,584873,184503,047
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions12,50012,5004981,0871,059155
total long term liabilities12,50012,5004981,0871,059155
total liabilities1,312,496786,2991,057,168347,474776,313670,097795,671874,243503,202
net assets442,134394,142267,35191,60181,946491,563797,528425,688259,021
total shareholders funds442,134394,142267,35191,60181,946491,563797,528425,688259,021
Feb 2024Feb 2023Feb 2022Feb 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016
Operating Activities
Operating Profit63,505148,033215,02711,596-409,850-308,708454,915204,632323,291
Depreciation2704068235801,5251,9062,6442,605388
Amortisation2,0158,34616,69246,74946,83759,08253,39134,824
Tax-15,997-29,741-41,225-2,265-87,201-39,095-64,753
Stock-10,2557,88120,603-37,736-50,221-34,48519,32033,36372,678
Debtors580,697261,001817,772-440,446-309,31148,338308,777290,950163,938
Creditors136,944-87,453205,374-293,64625,324-10,643-6,690121,624177,017
Accruals and Deferred Income100,411-314,494371,789-341,94680,419-56,5251,667207,194236,428
Deferred Taxes & Provisions-12,50012,002498-1,08728904155
Cash flow from operations-285,309-562,616-78,241-118,805104,197-342,07396,348226,942470,734
Investing Activities
capital expenditure-11-33327,475-2,293-121,721-182,752
Change in Investments
cash flow from investments-11-33327,475-2,293-121,721-182,752
Financing Activities
Bank loans
Group/Directors Accounts288,842143,578132,531194,751-25-57,319-73,57741,31989,602
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue9010
interest4848,4991,9483232332,7434,0351,130473
cash flow from financing289,326152,077134,479195,074208-54,576-69,45242,44990,085
cash and cash equivalents
cash4,017-410,53956,23776,271104,072-369,17424,604147,670378,067
overdraft
change in cash4,017-410,53956,23776,271104,072-369,17424,604147,670378,067

vision tek london ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vision Tek London Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for vision tek london ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in IG2 area or any other competitors across 12 key performance metrics.

vision tek london ltd Ownership

VISION TEK LONDON LTD group structure

Vision Tek London Ltd has no subsidiary companies.

Ultimate parent company

1 parent

VISION TEK LONDON LTD

09611036

VISION TEK LONDON LTD Shareholders

vision tek ltd 100%

vision tek london ltd directors

Vision Tek London Ltd currently has 3 directors. The longest serving directors include Mr Udnan Aziz (Oct 2020) and Mr Ghulam Alahi (Oct 2020).

officercountryagestartendrole
Mr Udnan AzizEngland38 years Oct 2020- Director
Mr Ghulam AlahiUnited Kingdom54 years Oct 2020- Director
Mr Ghulam AlahiUnited Kingdom54 years Oct 2020- Director

P&L

February 2024

turnover

1.9m

+59%

operating profit

63.5k

0%

gross margin

28.4%

+3.98%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

442.1k

+0.12%

total assets

1.8m

+0.49%

cash

11.2k

+0.56%

net assets

Total assets minus all liabilities

vision tek london ltd company details

company number

09611036

Type

Private limited with Share Capital

industry

47421 - Retail sale of mobile telephones in specialised stores

incorporation date

May 2015

age

10

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

February 2024

previous names

digitalis group ltd (November 2020)

accountant

-

auditor

-

address

555-557 cranbrook road, gants hill, ilford, essex, IG2 6HE

Bank

-

Legal Advisor

-

vision tek london 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 vision tek london ltd.

vision tek london 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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vision tek london ltd Companies House Filings - See Documents

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