virtus imh 2 limited
virtus imh 2 limited Company Information
Company Number
09759170
Next Accounts
Apr 2025
Shareholders
virtus date centres properties limited
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
kent house 14-17 market place, london, W1W 8AJ
Website
virtusdatacentres.comvirtus imh 2 limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUS IMH 2 LIMITED at £9.8m based on a Turnover of £10.6m and 0.92x industry multiple (adjusted for size and gross margin).
virtus imh 2 limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUS IMH 2 LIMITED at £66.7m based on an EBITDA of £10.6m and a 6.29x industry multiple (adjusted for size and gross margin).
virtus imh 2 limited Estimated Valuation
Pomanda estimates the enterprise value of VIRTUS IMH 2 LIMITED at £0 based on Net Assets of £-2.5m and 2.25x industry multiple (adjusted for liquidity).
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Virtus Imh 2 Limited Overview
Virtus Imh 2 Limited is a dissolved company that was located in london, W1W 8AJ with a Companies House number of 09759170. It operated in the other information technology service activities sector, SIC Code 62090. Founded in September 2015, it's largest shareholder was virtus date centres properties limited with a 100% stake. The last turnover for Virtus Imh 2 Limited was estimated at £10.6m.
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Virtus Imh 2 Limited Health Check
Pomanda's financial health check has awarded Virtus Imh 2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £10.6m, make it larger than the average company (£5.1m)
£10.6m - Virtus Imh 2 Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.8%)
2% - Virtus Imh 2 Limited
6.8% - Industry AVG
Production
with a gross margin of 52%, this company has a comparable cost of product (52%)
52% - Virtus Imh 2 Limited
52% - Industry AVG
Profitability
an operating margin of 100% make it more profitable than the average company (4.4%)
100% - Virtus Imh 2 Limited
4.4% - Industry AVG
Employees
with 67 employees, this is above the industry average (34)
- Virtus Imh 2 Limited
34 - Industry AVG
Pay Structure
on an average salary of £29.3k, the company has a lower pay structure (£61.5k)
- Virtus Imh 2 Limited
£61.5k - Industry AVG
Efficiency
resulting in sales per employee of £158.2k, this is equally as efficient (£159k)
- Virtus Imh 2 Limited
£159k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Virtus Imh 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Virtus Imh 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Virtus Imh 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Virtus Imh 2 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.5%, this is a higher level of debt than the average (64.3%)
101.5% - Virtus Imh 2 Limited
64.3% - Industry AVG
VIRTUS IMH 2 LIMITED financials
Virtus Imh 2 Limited's latest turnover from December 2019 is £10.6 million and the company has net assets of -£2.5 million. According to their latest financial statements, we estimate that Virtus Imh 2 Limited has 67 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|
| Turnover | 10,601,000 | 7,715,000 | 17,834,000 | 10,024,000 | 355,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 10,602,000 | 7,549,000 | -5,279,000 | -6,747,000 | -199,000 |
| Interest Payable | 10,601,000 | 7,715,000 | 8,416,000 | 6,066,000 | 691,000 |
| Interest Receivable | 1,000 | 252,000 | |||
| Pre-Tax Profit | 1,000 | -166,000 | -14,088,000 | -13,009,000 | -638,000 |
| Tax | 86,000 | ||||
| Profit After Tax | 1,000 | -166,000 | -14,088,000 | -13,009,000 | -552,000 |
| Dividends Paid | |||||
| Retained Profit | 1,000 | -166,000 | -14,088,000 | -13,009,000 | -552,000 |
| Employee Costs | 1,962,000 | 2,345,000 | |||
| Number Of Employees | |||||
| EBITDA* | 10,602,000 | 7,549,000 | 2,304,000 | -1,330,000 | -199,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|
| Tangible Assets | 135,777,000 | 105,767,000 | 104,481,000 | ||
| Intangible Assets | |||||
| Investments & Other | 414,000 | 414,000 | 202,000 | 595,000 | 104,302,000 |
| Debtors (Due After 1 year) | 164,825,000 | 166,019,000 | 1,897,000 | 93,000 | |
| Total Fixed Assets | 165,239,000 | 166,433,000 | 135,777,000 | 105,767,000 | 104,481,000 |
| Stock & work in progress | |||||
| Trade Debtors | 4,373,000 | 4,128,000 | 702,000 | ||
| Group Debtors | 6,744,000 | 1,456,000 | |||
| Misc Debtors | 1,000 | 92,000 | 2,434,000 | 5,060,000 | 717,000 |
| Cash | 1,095,000 | 1,095,000 | 3,797,000 | 4,447,000 | 2,607,000 |
| misc current assets | |||||
| total current assets | 1,096,000 | 1,187,000 | 17,348,000 | 15,091,000 | 4,026,000 |
| total assets | 166,335,000 | 167,620,000 | 153,125,000 | 120,858,000 | 108,507,000 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 2,000,000 | 13,179,000 | 536,000 | ||
| Group/Directors Accounts | 36,480,000 | 36,524,000 | |||
| other short term finances | |||||
| hp & lease commitments | 1,361,000 | 1,099,000 | 931,000 | ||
| other current liabilities | 72,535,000 | 56,637,000 | 40,402,000 | ||
| total current liabilities | 36,480,000 | 36,524,000 | 75,896,000 | 70,915,000 | 41,869,000 |
| loans | 132,371,000 | 133,613,000 | 261,188,000 | 178,440,000 | 131,014,000 |
| hp & lease commitments | 28,665,000 | 29,994,000 | 31,093,000 | ||
| Accruals and Deferred Income | 1,683,000 | ||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 132,371,000 | 133,613,000 | 130,594,000 | 89,220,000 | 67,190,000 |
| total liabilities | 168,851,000 | 170,137,000 | 206,490,000 | 160,135,000 | 109,059,000 |
| net assets | -2,516,000 | -2,517,000 | -53,365,000 | -39,277,000 | -552,000 |
| total shareholders funds | -2,516,000 | -2,517,000 | -53,365,000 | -39,277,000 | -552,000 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 10,602,000 | 7,549,000 | -5,279,000 | -6,747,000 | -199,000 |
| Depreciation | 7,583,000 | 5,417,000 | |||
| Amortisation | |||||
| Tax | 86,000 | ||||
| Stock | |||||
| Debtors | -1,285,000 | 150,663,000 | 4,804,000 | 9,132,000 | 1,512,000 |
| Creditors | -2,000,000 | -11,179,000 | 12,643,000 | 536,000 | |
| Accruals and Deferred Income | -72,535,000 | 15,898,000 | 14,552,000 | 42,085,000 | |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | 11,887,000 | -217,649,000 | 2,219,000 | 16,733,000 | 40,996,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 212,000 | -393,000 | -103,707,000 | 104,302,000 | |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -44,000 | 36,524,000 | |||
| Other Short Term Loans | |||||
| Long term loans | -1,242,000 | -127,575,000 | 82,748,000 | 47,426,000 | 131,014,000 |
| Hire Purchase and Lease Commitments | -30,026,000 | -1,067,000 | -931,000 | 32,024,000 | |
| other long term liabilities | |||||
| share issue | |||||
| interest | -10,601,000 | -7,715,000 | -8,416,000 | -6,065,000 | -439,000 |
| cash flow from financing | -11,887,000 | -77,778,000 | 73,265,000 | 14,714,000 | 162,599,000 |
| cash and cash equivalents | |||||
| cash | -2,702,000 | -650,000 | 1,840,000 | 2,607,000 | |
| overdraft | |||||
| change in cash | -2,702,000 | -650,000 | 1,840,000 | 2,607,000 |
virtus imh 2 limited Credit Report and Business Information
Virtus Imh 2 Limited Competitor Analysis
Perform a competitor analysis for virtus imh 2 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in W1W area or any other competitors across 12 key performance metrics.
virtus imh 2 limited Ownership
VIRTUS IMH 2 LIMITED group structure
Virtus Imh 2 Limited has no subsidiary companies.
Ultimate parent company
TEMASEK HOLDINGS (PRIVATE) LTD
#0104970
2 parents
VIRTUS IMH 2 LIMITED
09759170
virtus imh 2 limited directors
Virtus Imh 2 Limited currently has 2 directors. The longest serving directors include Mr Nelson Lim Yueh Hua (Sep 2017) and Mr Bruno Lopez (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nelson Lim Yueh Hua | Singapore | 54 years | Sep 2017 | - | Director |
| Mr Bruno Lopez | Singapore | 60 years | Sep 2017 | - | Director |
P&L
December 2019turnover
10.6m
+37%
operating profit
10.6m
+40%
gross margin
52.1%
-1.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-2.5m
0%
total assets
166.3m
-0.01%
cash
1.1m
0%
net assets
Total assets minus all liabilities
virtus imh 2 limited company details
company number
09759170
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
KPMG LLP
address
kent house 14-17 market place, london, W1W 8AJ
Bank
-
Legal Advisor
-
virtus imh 2 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 5 charges/mortgages relating to virtus imh 2 limited. Currently there are 0 open charges and 5 have been satisfied in the past.
virtus imh 2 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.
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virtus imh 2 limited Companies House Filings - See Documents
| date | description | view/download |
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