avid space limited
avid space limited Company Information
Company Number
09631148
Next Accounts
Mar 2025
Industry
Buying and selling of own real estate
Directors
Shareholders
obinna emeagi
Group Structure
View All
Contact
Registered Address
6th floor 2 london wall place, london, EC2Y 5AU
Website
-avid space limited Estimated Valuation
Pomanda estimates the enterprise value of AVID SPACE LIMITED at £466.5k based on a Turnover of £169.6k and 2.75x industry multiple (adjusted for size and gross margin).
avid space limited Estimated Valuation
Pomanda estimates the enterprise value of AVID SPACE LIMITED at £0 based on an EBITDA of £-21.3k and a 6.27x industry multiple (adjusted for size and gross margin).
avid space limited Estimated Valuation
Pomanda estimates the enterprise value of AVID SPACE LIMITED at £161.5k based on Net Assets of £100.3k and 1.61x industry multiple (adjusted for liquidity).
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Avid Space Limited Overview
Avid Space Limited is a live company located in london, EC2Y 5AU with a Companies House number of 09631148. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in June 2015, it's largest shareholder is obinna emeagi with a 100% stake. Avid Space Limited is a young, micro sized company, Pomanda has estimated its turnover at £169.6k with declining growth in recent years.
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Avid Space Limited Health Check
Pomanda's financial health check has awarded Avid Space Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
7 Weak
Size
annual sales of £169.6k, make it smaller than the average company (£824.8k)
- Avid Space Limited
£824.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (2.3%)
- Avid Space Limited
2.3% - Industry AVG
Production
with a gross margin of 71.4%, this company has a comparable cost of product (71.4%)
- Avid Space Limited
71.4% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (29.8%)
- Avid Space Limited
29.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Avid Space Limited
4 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Avid Space Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £169.6k, this is equally as efficient (£189.8k)
- Avid Space Limited
£189.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Avid Space Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Avid Space Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 3931 days, this is more than average (386 days)
- Avid Space Limited
386 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Avid Space Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.7%, this is a higher level of debt than the average (62.4%)
81.7% - Avid Space Limited
62.4% - Industry AVG
AVID SPACE LIMITED financials
Avid Space Limited's latest turnover from June 2023 is estimated at £169.6 thousand and the company has net assets of £100.3 thousand. According to their latest financial statements, Avid Space Limited has 1 employee and maintains cash reserves of £227 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 522,047 | 0 | 0 | 0 | 1,060,616 | 915,087 | 627,148 | 1,170,069 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 25,550 | 67,188 | 101,393 | 19,212 | 0 | 0 | 7,091 | 3,091 |
| Cash | 227 | 91,697 | 40,020 | 140,840 | 222 | 198 | 2,324 | 623 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 547,824 | 158,885 | 141,413 | 160,052 | 1,060,838 | 915,285 | 636,563 | 1,173,783 |
| total assets | 547,824 | 158,885 | 141,413 | 160,052 | 1,060,838 | 915,285 | 636,563 | 1,173,783 |
| Bank overdraft | 302,046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 455,000 | 214,234 | 0 | 0 |
| Trade Creditors | 0 | 600 | 0 | 0 | 2,533 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 541,715 | 565,508 | 512,775 | 550,106 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 145,525 | 22,463 | 2,500 | 16,157 | 15,467 | 32,468 | 29,284 | 2,500 |
| total current liabilities | 447,571 | 23,063 | 2,500 | 16,157 | 1,014,715 | 812,210 | 542,059 | 552,606 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 635,500 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 635,500 |
| total liabilities | 447,571 | 23,063 | 2,500 | 16,157 | 1,014,715 | 812,210 | 542,059 | 1,188,106 |
| net assets | 100,253 | 135,822 | 138,913 | 143,895 | 46,123 | 103,075 | 94,504 | -14,323 |
| total shareholders funds | 100,253 | 135,822 | 138,913 | 143,895 | 46,123 | 103,075 | 94,504 | -14,323 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 522,047 | 0 | 0 | -1,060,616 | 145,529 | 287,939 | -542,921 | 1,170,069 |
| Debtors | -41,638 | -34,205 | 82,181 | 19,212 | 0 | -7,091 | 4,000 | 3,091 |
| Creditors | -600 | 600 | 0 | -2,533 | 2,533 | 0 | 0 | 0 |
| Accruals and Deferred Income | 123,062 | 19,963 | -13,657 | 690 | -17,001 | 3,184 | 26,784 | 2,500 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | -455,000 | 240,766 | 214,234 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -541,715 | -23,793 | 52,733 | -37,331 | 550,106 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -635,500 | 635,500 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -91,470 | 51,677 | -100,820 | 140,618 | 24 | -2,126 | 1,701 | 623 |
| overdraft | 302,046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -393,516 | 51,677 | -100,820 | 140,618 | 24 | -2,126 | 1,701 | 623 |
avid space limited Credit Report and Business Information
Avid Space Limited Competitor Analysis
Perform a competitor analysis for avid space limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
avid space limited Ownership
AVID SPACE LIMITED group structure
Avid Space Limited has no subsidiary companies.
Ultimate parent company
AVID SPACE LIMITED
09631148
avid space limited directors
Avid Space Limited currently has 1 director, Mr Obinna Emeagi serving since Jun 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Obinna Emeagi | United Kingdom | 54 years | Jun 2015 | - | Director |
P&L
June 2023turnover
169.6k
+76%
operating profit
-21.3k
0%
gross margin
71.5%
+2.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
100.3k
-0.26%
total assets
547.8k
+2.45%
cash
227
-1%
net assets
Total assets minus all liabilities
avid space limited company details
company number
09631148
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
June 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
6th floor 2 london wall place, london, EC2Y 5AU
Bank
-
Legal Advisor
-
avid space 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 10 charges/mortgages relating to avid space limited. Currently there are 4 open charges and 6 have been satisfied in the past.
avid space 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 AVID SPACE LIMITED. This can take several minutes, an email will notify you when this has completed.
avid space limited Companies House Filings - See Documents
| date | description | view/download |
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