virtual edge limited
virtual edge limited Company Information
Company Number
09683956
Website
www.thevirtualedge.comRegistered Address
kemp house 152-160 city road, london, EC1V 2NX
Industry
Computer facilities management activities
Computer consultancy activities
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Directors
Dileepa Gamage9 Years
Shareholders
dileepa damage 60%
shaleena ridmali rathnayaka 40%
virtual edge limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL EDGE LIMITED at £118.6k based on a Turnover of £184.8k and 0.64x industry multiple (adjusted for size and gross margin).
virtual edge limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL EDGE LIMITED at £0 based on an EBITDA of £-29.8k and a 4.3x industry multiple (adjusted for size and gross margin).
virtual edge limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL EDGE LIMITED at £25.1k based on Net Assets of £11.1k and 2.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Virtual Edge Limited Overview
Virtual Edge Limited is a live company located in london, EC1V 2NX with a Companies House number of 09683956. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2015, it's largest shareholder is dileepa damage with a 60% stake. Virtual Edge Limited is a young, micro sized company, Pomanda has estimated its turnover at £184.8k with declining growth in recent years.
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Virtual Edge Limited Health Check
Pomanda's financial health check has awarded Virtual Edge Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £184.8k, make it smaller than the average company (£1.7m)
- Virtual Edge Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (7%)
- Virtual Edge Limited
7% - Industry AVG
Production
with a gross margin of 28.4%, this company has a higher cost of product (48.4%)
- Virtual Edge Limited
48.4% - Industry AVG
Profitability
an operating margin of -16.1% make it less profitable than the average company (6.9%)
- Virtual Edge Limited
6.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (11)
3 - Virtual Edge Limited
11 - Industry AVG
Pay Structure
on an average salary of £52.2k, the company has an equivalent pay structure (£52.2k)
- Virtual Edge Limited
£52.2k - Industry AVG
Efficiency
resulting in sales per employee of £61.6k, this is less efficient (£140.4k)
- Virtual Edge Limited
£140.4k - Industry AVG
Debtor Days
it gets paid by customers after 112 days, this is later than average (60 days)
- Virtual Edge Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (32 days)
- Virtual Edge Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Virtual Edge Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Virtual Edge Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.7%, this is a higher level of debt than the average (57.4%)
80.7% - Virtual Edge Limited
57.4% - Industry AVG
VIRTUAL EDGE LIMITED financials
Virtual Edge Limited's latest turnover from July 2023 is estimated at £184.8 thousand and the company has net assets of £11.1 thousand. According to their latest financial statements, Virtual Edge Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 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 | 3 | 4 | 3 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 523 | 785 | 529 | 794 | 1,191 | 271 | 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 | 523 | 785 | 529 | 794 | 1,191 | 271 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 56,865 | 87,866 | 85,068 | 86,193 | 75,485 | 26,694 | 7,506 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 56,865 | 87,866 | 85,068 | 86,193 | 75,485 | 26,694 | 7,506 | 1 |
| total assets | 57,388 | 88,651 | 85,597 | 86,987 | 76,676 | 26,965 | 7,506 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,992 | 23,077 | 26,920 | 26,861 | 38,507 | 21,490 | 2,947 | 0 |
| 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 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 29,992 | 23,077 | 26,920 | 26,861 | 38,507 | 21,490 | 2,947 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 16,296 | 24,700 | 29,000 | 29,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 16,296 | 24,700 | 29,000 | 29,000 | 0 | 0 | 0 | 0 |
| total liabilities | 46,288 | 47,777 | 55,920 | 55,861 | 38,507 | 21,490 | 2,947 | 0 |
| net assets | 11,100 | 40,874 | 29,677 | 31,126 | 38,169 | 5,475 | 4,559 | 1 |
| total shareholders funds | 11,100 | 40,874 | 29,677 | 31,126 | 38,169 | 5,475 | 4,559 | 1 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | ||||||
| Amortisation | 0 | 0 | ||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -31,001 | 2,798 | -1,125 | 10,708 | 48,791 | 19,188 | 7,506 | 0 |
| Creditors | 6,915 | -3,843 | 59 | -11,646 | 17,017 | 18,543 | 2,947 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -8,404 | -4,300 | 0 | 29,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
virtual edge limited Credit Report and Business Information
Virtual Edge Limited Competitor Analysis
Perform a competitor analysis for virtual edge limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.
virtual edge limited Ownership
VIRTUAL EDGE LIMITED group structure
Virtual Edge Limited has no subsidiary companies.
Ultimate parent company
VIRTUAL EDGE LIMITED
09683956
virtual edge limited directors
Virtual Edge Limited currently has 1 director, Mr Dileepa Gamage serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dileepa Gamage | England | 36 years | Jul 2015 | - | Director |
P&L
July 2023turnover
184.8k
-24%
operating profit
-29.8k
0%
gross margin
28.5%
-2.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
11.1k
-0.73%
total assets
57.4k
-0.35%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
virtual edge limited company details
company number
09683956
Type
Private limited with Share Capital
industry
62030 - Computer facilities management activities
62020 - Computer consultancy activities
incorporation date
July 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
kemp house 152-160 city road, london, EC1V 2NX
Bank
-
Legal Advisor
-
virtual edge 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 virtual edge limited.
virtual edge limited Companies House Filings - See Documents
| date | description | view/download |
|---|
