iv veritas ltd
iv veritas ltd Company Information
Company Number
09652969
Website
www.ivveritas.comRegistered Address
c/o fergusson & co ltd 12, halegrove court, stockton on tees, TS18 3DB
Industry
Agents involved in the sale of food, beverages and tobacco
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
dixieco group limited 100%
iv veritas ltd Estimated Valuation
Pomanda estimates the enterprise value of IV VERITAS LTD at £99.7k based on a Turnover of £494.6k and 0.2x industry multiple (adjusted for size and gross margin).
iv veritas ltd Estimated Valuation
Pomanda estimates the enterprise value of IV VERITAS LTD at £0 based on an EBITDA of £-43k and a 3.91x industry multiple (adjusted for size and gross margin).
iv veritas ltd Estimated Valuation
Pomanda estimates the enterprise value of IV VERITAS LTD at £0 based on Net Assets of £-43.9k and 1.15x industry multiple (adjusted for liquidity).
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Iv Veritas Ltd Overview
Iv Veritas Ltd is a dissolved company that was located in stockton on tees, TS18 3DB with a Companies House number of 09652969. It operated in the agents involved in the sale of food, beverages and tobacco sector, SIC Code 46170. Founded in June 2015, it's largest shareholder was dixieco group limited with a 100% stake. The last turnover for Iv Veritas Ltd was estimated at £494.6k.
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Iv Veritas Ltd Health Check
Pomanda's financial health check has awarded Iv Veritas Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £494.6k, make it smaller than the average company (£13.3m)
- Iv Veritas Ltd
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.2%)
- Iv Veritas Ltd
5.2% - Industry AVG
Production
with a gross margin of 8.1%, this company has a higher cost of product (18.5%)
- Iv Veritas Ltd
18.5% - Industry AVG
Profitability
an operating margin of -8.7% make it less profitable than the average company (2.3%)
- Iv Veritas Ltd
2.3% - Industry AVG
Employees
with 9 employees, this is below the industry average (19)
9 - Iv Veritas Ltd
19 - Industry AVG
Pay Structure
on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)
- Iv Veritas Ltd
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £55k, this is less efficient (£457.3k)
- Iv Veritas Ltd
£457.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (51 days)
- Iv Veritas Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (43 days)
- Iv Veritas Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Iv Veritas Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Iv Veritas Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 218.2%, this is a higher level of debt than the average (66.9%)
218.2% - Iv Veritas Ltd
66.9% - Industry AVG
IV VERITAS LTD financials
Iv Veritas Ltd's latest turnover from June 2020 is estimated at £494.6 thousand and the company has net assets of -£43.9 thousand. According to their latest financial statements, Iv Veritas Ltd has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 9 | 7 | 7 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 13,832 | 16,826 | 24,494 | 30,737 | 24,343 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 3 | 3 | 3 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,832 | 16,829 | 24,497 | 30,740 | 24,343 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 17,597 |
| Trade Debtors | 23,332 | 78,526 | 25,202 | 25,760 | 5,370 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 421 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,332 | 78,526 | 25,202 | 25,760 | 23,388 |
| total assets | 37,164 | 95,355 | 49,699 | 56,500 | 47,731 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 81,101 | 96,302 | 74,063 | 70,607 | 36,706 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 81,101 | 96,302 | 74,063 | 70,607 | 36,706 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 81,101 | 96,302 | 74,063 | 70,607 | 36,706 |
| net assets | -43,937 | -947 | -24,364 | -14,107 | 11,025 |
| total shareholders funds | -43,937 | -947 | -24,364 | -14,107 | 11,025 |
| Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 4,699 | ||||
| Amortisation | 0 | ||||
| Tax | |||||
| Stock | 0 | 0 | 0 | -17,597 | 17,597 |
| Debtors | -55,194 | 53,324 | -558 | 20,390 | 5,370 |
| Creditors | -15,201 | 22,239 | 3,456 | 33,901 | 36,706 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -3 | 0 | 0 | 3 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | -421 | 421 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -421 | 421 |
iv veritas ltd Credit Report and Business Information
Iv Veritas Ltd Competitor Analysis
Perform a competitor analysis for iv veritas ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in TS18 area or any other competitors across 12 key performance metrics.
iv veritas ltd Ownership
IV VERITAS LTD group structure
Iv Veritas Ltd has no subsidiary companies.
Ultimate parent company
IV VERITAS LTD
09652969
iv veritas ltd directors
Iv Veritas Ltd currently has 5 directors. The longest serving directors include Mr Ralph Broadbent (Dec 2019) and Mr Alex Dixon (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ralph Broadbent | England | 38 years | Dec 2019 | - | Director |
| Mr Alex Dixon | England | 38 years | Dec 2019 | - | Director |
| Alex Dixon | United Kingdom | 38 years | Dec 2019 | - | Director |
| Mr Ralph Broadbent | United Kingdom | 38 years | Dec 2019 | - | Director |
| Mr Mark Forster | United Kingdom | 39 years | Dec 2019 | - | Director |
P&L
June 2020turnover
494.6k
-10%
operating profit
-43k
0%
gross margin
8.2%
-14.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2020net assets
-43.9k
+45.4%
total assets
37.2k
-0.61%
cash
0
0%
net assets
Total assets minus all liabilities
iv veritas ltd company details
company number
09652969
Type
Private limited with Share Capital
industry
46170 - Agents involved in the sale of food, beverages and tobacco
incorporation date
June 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2020
previous names
N/A
accountant
DONALD REID GROUP
auditor
-
address
c/o fergusson & co ltd 12, halegrove court, stockton on tees, TS18 3DB
Bank
-
Legal Advisor
-
iv veritas 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 iv veritas ltd.
iv veritas ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
