ivre no 2 limited
ivre no 2 limited Company Information
Company Number
09799144
Website
-Registered Address
unit 20 first floor, 211 torrington avenue, coventry, CV4 9AP
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
volpone ventures limited 50%
clearview no 1 limited 50%
ivre no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of IVRE NO 2 LIMITED at £597k based on a Turnover of £256.5k and 2.33x industry multiple (adjusted for size and gross margin).
ivre no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of IVRE NO 2 LIMITED at £898.3k based on an EBITDA of £146.9k and a 6.12x industry multiple (adjusted for size and gross margin).
ivre no 2 limited Estimated Valuation
Pomanda estimates the enterprise value of IVRE NO 2 LIMITED at £406.6k based on Net Assets of £278.9k and 1.46x industry multiple (adjusted for liquidity).
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Ivre No 2 Limited Overview
Ivre No 2 Limited is a live company located in coventry, CV4 9AP with a Companies House number of 09799144. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 2015, it's largest shareholder is volpone ventures limited with a 50% stake. Ivre No 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £256.5k with declining growth in recent years.
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Ivre No 2 Limited Health Check
Pomanda's financial health check has awarded Ivre No 2 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £256.5k, make it smaller than the average company (£893.8k)
- Ivre No 2 Limited
£893.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.9%)
- Ivre No 2 Limited
2.9% - Industry AVG
Production
with a gross margin of 70%, this company has a comparable cost of product (70%)
- Ivre No 2 Limited
70% - Industry AVG
Profitability
an operating margin of 57.3% make it more profitable than the average company (28.3%)
- Ivre No 2 Limited
28.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
- Ivre No 2 Limited
4 - Industry AVG
Pay Structure
on an average salary of £39.9k, the company has an equivalent pay structure (£39.9k)
- Ivre No 2 Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £128.2k, this is less efficient (£204.6k)
- Ivre No 2 Limited
£204.6k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is later than average (25 days)
- Ivre No 2 Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (32 days)
- Ivre No 2 Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ivre No 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (8 weeks)
110 weeks - Ivre No 2 Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.4%, this is a higher level of debt than the average (61.3%)
78.4% - Ivre No 2 Limited
61.3% - Industry AVG
IVRE NO 2 LIMITED financials
Ivre No 2 Limited's latest turnover from March 2024 is estimated at £256.5 thousand and the company has net assets of £278.9 thousand. According to their latest financial statements, we estimate that Ivre No 2 Limited has 2 employees and maintains cash reserves of £305.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 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 | 2 | 2 | 2 | 4 | 4 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 950,001 | 950,001 | 1,100,001 | 985,001 | 985,001 | 975,000 | 975,000 | 900,000 | 900,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 950,001 | 950,001 | 1,100,001 | 985,001 | 985,001 | 975,000 | 975,000 | 900,000 | 900,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 26,509 | 35,770 | 44,235 | 29,393 | 11,366 | 37,058 | 27,803 | 42,654 | 34,150 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,050 | 11,080 | 9,730 | 17,502 | 16,190 | 10,199 | 14,581 | 11,967 | 11,670 |
| Cash | 305,920 | 302,186 | 13,502 | 121,028 | 23,618 | 15,739 | 15,113 | 17,220 | 32,044 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 341,479 | 349,036 | 67,467 | 167,923 | 51,174 | 62,996 | 57,497 | 71,841 | 77,864 |
| total assets | 1,291,480 | 1,299,037 | 1,167,468 | 1,152,924 | 1,036,175 | 1,037,996 | 1,032,497 | 971,841 | 977,864 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 36,501 | 34,961 | 0 | 365,540 | 5,147 | 22,647 | 394,522 | 0 | 0 |
| Trade Creditors | 4,410 | 5,871 | 10,487 | 9,213 | 5,355 | 0 | 7,474 | 2,797 | 72 |
| Group/Directors Accounts | 51,902 | 58,182 | 275,100 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 51,727 | 62,905 | 61,955 | 94,823 | 46,828 | 72,262 | 73,063 | 63,225 | 73,708 |
| total current liabilities | 144,540 | 161,919 | 347,542 | 469,576 | 57,330 | 94,909 | 475,059 | 66,022 | 73,780 |
| loans | 857,779 | 894,280 | 491,005 | 25,000 | 365,540 | 370,680 | 0 | 394,510 | 388,308 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 469,899 | 469,899 | 469,900 | 460,686 | 476,281 | 470,167 |
| provisions | 10,275 | 10,275 | 36,309 | 14,459 | 14,459 | 14,120 | 14,120 | 1,755 | 1,848 |
| total long term liabilities | 868,054 | 904,555 | 527,314 | 509,358 | 849,898 | 854,700 | 474,806 | 872,546 | 860,323 |
| total liabilities | 1,012,594 | 1,066,474 | 874,856 | 978,934 | 907,228 | 949,609 | 949,865 | 938,568 | 934,103 |
| net assets | 278,886 | 232,563 | 292,612 | 173,990 | 128,947 | 88,387 | 82,632 | 33,273 | 43,761 |
| total shareholders funds | 278,886 | 232,563 | 292,612 | 173,990 | 128,947 | 88,387 | 82,632 | 33,273 | 43,761 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -11,291 | -7,115 | 7,070 | 19,339 | -19,701 | 4,873 | -12,237 | 8,801 | 45,820 |
| Creditors | -1,461 | -4,616 | 1,274 | 3,858 | 5,355 | -7,474 | 4,677 | 2,725 | 72 |
| Accruals and Deferred Income | -11,178 | 950 | -32,868 | 47,995 | -25,434 | -801 | 9,838 | -10,483 | 73,708 |
| Deferred Taxes & Provisions | 0 | -26,034 | 21,850 | 0 | 339 | 0 | 12,365 | -93 | 1,848 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | -150,000 | 115,000 | 0 | 10,001 | 0 | 75,000 | 0 | 900,000 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 1,540 | 34,961 | -365,540 | 360,393 | -17,500 | -371,875 | 394,522 | 0 | 0 |
| Group/Directors Accounts | -6,280 | -216,918 | 275,100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -36,501 | 403,275 | 466,005 | -340,540 | -5,140 | 370,680 | -394,510 | 6,202 | 388,308 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -469,899 | 0 | -1 | 9,214 | -15,595 | 6,114 | 470,167 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 3,734 | 288,684 | -107,526 | 97,410 | 7,879 | 626 | -2,107 | -14,824 | 32,044 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,734 | 288,684 | -107,526 | 97,410 | 7,879 | 626 | -2,107 | -14,824 | 32,044 |
ivre no 2 limited Credit Report and Business Information
Ivre No 2 Limited Competitor Analysis
Perform a competitor analysis for ivre no 2 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in CV4 area or any other competitors across 12 key performance metrics.
ivre no 2 limited Ownership
IVRE NO 2 LIMITED group structure
Ivre No 2 Limited has no subsidiary companies.
Ultimate parent company
IVRE NO 2 LIMITED
09799144
ivre no 2 limited directors
Ivre No 2 Limited currently has 2 directors. The longest serving directors include Mr Stephen Jobburn (Sep 2015) and Mr Simon Rhoades (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Jobburn | England | 57 years | Sep 2015 | - | Director |
| Mr Simon Rhoades | England | 55 years | Sep 2015 | - | Director |
P&L
March 2024turnover
256.5k
-27%
operating profit
146.9k
0%
gross margin
70.1%
+4.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
278.9k
+0.2%
total assets
1.3m
-0.01%
cash
305.9k
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
ivre no 2 limited company details
company number
09799144
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
September 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
unit 20 first floor, 211 torrington avenue, coventry, CV4 9AP
Bank
-
Legal Advisor
-
ivre no 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 ivre no 2 limited. Currently there are 1 open charges and 4 have been satisfied in the past.
ivre no 2 limited Companies House Filings - See Documents
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