ik (north east) limited
ik (north east) limited Company Information
Company Number
09637535
Website
krecr.co.ukRegistered Address
340 deansgate, manchester, M3 4LY
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
begbies traynor limited 100%
ik (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of IK (NORTH EAST) LIMITED at £687k based on a Turnover of £622.1k and 1.1x industry multiple (adjusted for size and gross margin).
ik (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of IK (NORTH EAST) LIMITED at £371.6k based on an EBITDA of £84.4k and a 4.4x industry multiple (adjusted for size and gross margin).
ik (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of IK (NORTH EAST) LIMITED at £325.3k based on Net Assets of £159.2k and 2.04x industry multiple (adjusted for liquidity).
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Ik (north East) Limited Overview
Ik (north East) Limited is a dissolved company that was located in manchester, M3 4LY with a Companies House number of 09637535. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 2015, it's largest shareholder was begbies traynor limited with a 100% stake. The last turnover for Ik (north East) Limited was estimated at £622.1k.
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Ik (north East) Limited Health Check
Pomanda's financial health check has awarded Ik (North East) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £622.1k, make it smaller than the average company (£3m)
- Ik (north East) Limited
£3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ik (north East) Limited
- - Industry AVG
Production
with a gross margin of 32.5%, this company has a higher cost of product (66.3%)
- Ik (north East) Limited
66.3% - Industry AVG
Profitability
an operating margin of 13.6% make it as profitable than the average company (12.1%)
- Ik (north East) Limited
12.1% - Industry AVG
Employees
with 5 employees, this is below the industry average (13)
5 - Ik (north East) Limited
13 - Industry AVG
Pay Structure
on an average salary of £67.2k, the company has an equivalent pay structure (£67.2k)
- Ik (north East) Limited
£67.2k - Industry AVG
Efficiency
resulting in sales per employee of £124.4k, this is less efficient (£199.2k)
- Ik (north East) Limited
£199.2k - Industry AVG
Debtor Days
it gets paid by customers after 157 days, this is later than average (37 days)
- Ik (north East) Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (43 days)
- Ik (north East) Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ik (north East) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ik (north East) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.5%, this is a lower level of debt than the average (54.8%)
44.5% - Ik (north East) Limited
54.8% - Industry AVG
IK (NORTH EAST) LIMITED financials
Ik (North East) Limited's latest turnover from June 2018 is estimated at £622.1 thousand and the company has net assets of £159.2 thousand. According to their latest financial statements, Ik (North East) Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 5 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|
| Tangible Assets | 7,560 | 11,292 | 14,548 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 7,560 | 11,292 | 14,548 |
| Stock & work in progress | 0 | 0 | 31,985 |
| Trade Debtors | 268,089 | 161,122 | 49,214 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 32,882 |
| misc current assets | 11,129 | 15,670 | 0 |
| total current assets | 279,218 | 176,792 | 114,081 |
| total assets | 286,778 | 188,084 | 128,629 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 74,011 | 62,754 | 83,965 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 74,011 | 62,754 | 83,965 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 53,529 | 34,490 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 2,910 |
| total long term liabilities | 53,529 | 34,490 | 2,910 |
| total liabilities | 127,540 | 97,244 | 86,875 |
| net assets | 159,238 | 90,840 | 41,754 |
| total shareholders funds | 159,238 | 90,840 | 41,754 |
| Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 3,637 | ||
| Amortisation | 0 | ||
| Tax | |||
| Stock | 0 | -31,985 | 31,985 |
| Debtors | 106,967 | 111,908 | 49,214 |
| Creditors | 11,257 | -21,211 | 83,965 |
| Accruals and Deferred Income | 19,039 | 34,490 | 0 |
| Deferred Taxes & Provisions | 0 | -2,910 | 2,910 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | -32,882 | 32,882 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | -32,882 | 32,882 |
ik (north east) limited Credit Report and Business Information
Ik (north East) Limited Competitor Analysis
Perform a competitor analysis for ik (north east) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in M 3 area or any other competitors across 12 key performance metrics.
ik (north east) limited Ownership
IK (NORTH EAST) LIMITED group structure
Ik (North East) Limited has no subsidiary companies.
Ultimate parent company
2 parents
IK (NORTH EAST) LIMITED
09637535
ik (north east) limited directors
Ik (North East) Limited currently has 3 directors. The longest serving directors include Mr Richard Traynor (Feb 2019) and Mr Edward Taylor (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Traynor | 64 years | Feb 2019 | - | Director | |
| Mr Edward Taylor | England | 53 years | Feb 2019 | - | Director |
| Mr Richard Traynor | England | 64 years | Feb 2019 | - | Director |
P&L
June 2018turnover
622.1k
+57%
operating profit
84.4k
0%
gross margin
32.6%
+2.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2018net assets
159.2k
+0.75%
total assets
286.8k
+0.52%
cash
0
0%
net assets
Total assets minus all liabilities
ik (north east) limited company details
company number
09637535
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
kre (north east) limited (February 2019)
last accounts submitted
June 2018
address
340 deansgate, manchester, M3 4LY
accountant
-
auditor
-
ik (north east) 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 ik (north east) limited.
ik (north east) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
