vg contractors ltd
vg contractors ltd Company Information
Company Number
09743799
Next Accounts
1717 days late
Directors
Shareholders
constantin grosu
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
10 otley drive, ilford, IG2 6SL
Website
www.vgbailey.co.ukvg contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of VG CONTRACTORS LTD at £79.5k based on a Turnover of £250k and 0.32x industry multiple (adjusted for size and gross margin).
vg contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of VG CONTRACTORS LTD at £21.6k based on an EBITDA of £7.2k and a 2.99x industry multiple (adjusted for size and gross margin).
vg contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of VG CONTRACTORS LTD at £11.1k based on Net Assets of £5k and 2.21x industry multiple (adjusted for liquidity).
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Vg Contractors Ltd Overview
Vg Contractors Ltd is a live company located in ilford, IG2 6SL with a Companies House number of 09743799. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in August 2015, it's largest shareholder is constantin grosu with a 100% stake. Vg Contractors Ltd is a established, micro sized company, Pomanda has estimated its turnover at £250k with unknown growth in recent years.
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Vg Contractors Ltd Health Check
Pomanda's financial health check has awarded Vg Contractors Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £250k, make it smaller than the average company (£3.4m)
- Vg Contractors Ltd
£3.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Vg Contractors Ltd
- - Industry AVG
Production
with a gross margin of 14.8%, this company has a higher cost of product (25.1%)
- Vg Contractors Ltd
25.1% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.2%)
- Vg Contractors Ltd
6.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (39)
2 - Vg Contractors Ltd
39 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Vg Contractors Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £125k, this is less efficient (£162.3k)
- Vg Contractors Ltd
£162.3k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (56 days)
- Vg Contractors Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (41 days)
- Vg Contractors Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Vg Contractors Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Vg Contractors Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.2%, this is a higher level of debt than the average (63.1%)
92.2% - Vg Contractors Ltd
63.1% - Industry AVG
VG CONTRACTORS LTD financials
Vg Contractors Ltd's latest turnover from August 2018 is estimated at £250 thousand and the company has net assets of £5 thousand. According to their latest financial statements, Vg Contractors Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|
| Turnover | 447,807 | 443,424 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 393,912 | 419,059 | |
| Gross Profit | 53,895 | 24,365 | |
| Admin Expenses | 45,719 | 20,524 | |
| Operating Profit | 8,176 | 3,841 | |
| Interest Payable | 0 | 0 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | 8,176 | 3,841 | |
| Tax | -1,722 | -7,958 | |
| Profit After Tax | 6,454 | -4,117 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | 6,454 | -4,117 | |
| Employee Costs | |||
| Number Of Employees | 2 | 2 | |
| EBITDA* | 8,176 | 3,841 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 64,708 | 21,597 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 30,324 | 28,759 |
| Cash | 0 | 6,491 | 15,053 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 64,708 | 58,412 | 43,812 |
| total assets | 64,708 | 58,412 | 43,812 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 59,672 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 59,249 | 47,927 |
| total current liabilities | 59,672 | 59,249 | 47,927 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 59,672 | 59,249 | 47,927 |
| net assets | 5,036 | -837 | -4,115 |
| total shareholders funds | 5,036 | -837 | -4,115 |
| Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 8,176 | 3,841 | |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | -1,722 | -7,958 | |
| Stock | 0 | 0 | 0 |
| Debtors | 12,787 | 23,162 | 28,759 |
| Creditors | 59,672 | 0 | 0 |
| Accruals and Deferred Income | -59,249 | 11,322 | 47,927 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -5,386 | 15,051 | |
| 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 | 0 | 0 | |
| cash flow from financing | -3,176 | 2 | |
| cash and cash equivalents | |||
| cash | -6,491 | -8,562 | 15,053 |
| overdraft | 0 | 0 | 0 |
| change in cash | -6,491 | -8,562 | 15,053 |
vg contractors ltd Credit Report and Business Information
Vg Contractors Ltd Competitor Analysis
Perform a competitor analysis for vg contractors ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in IG2 area or any other competitors across 12 key performance metrics.
vg contractors ltd Ownership
VG CONTRACTORS LTD group structure
Vg Contractors Ltd has no subsidiary companies.
Ultimate parent company
VG CONTRACTORS LTD
09743799
vg contractors ltd directors
Vg Contractors Ltd currently has 1 director, Mr Vaclav Mirocha serving since Nov 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vaclav Mirocha | England | 43 years | Nov 2019 | - | Director |
P&L
August 2018turnover
250k
-44%
operating profit
7.2k
0%
gross margin
14.9%
+23.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2018net assets
5k
-7.02%
total assets
64.7k
+0.11%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
vg contractors ltd company details
company number
09743799
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2018
previous names
N/A
accountant
-
auditor
-
address
10 otley drive, ilford, IG2 6SL
Bank
-
Legal Advisor
-
vg contractors 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 vg contractors ltd.
vg contractors 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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vg contractors ltd Companies House Filings - See Documents
| date | description | view/download |
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