verofy partner services limited Company Information
Company Number
09941776
Website
-Registered Address
9 bank street, whitefield, manchester, M45 7JF
Industry
Other information technology and computer service activities
Telephone
08005200897
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
the verofy group limited 100%
verofy partner services limited Estimated Valuation
Pomanda estimates the enterprise value of VEROFY PARTNER SERVICES LIMITED at £247.3k based on a Turnover of £347.6k and 0.71x industry multiple (adjusted for size and gross margin).
verofy partner services limited Estimated Valuation
Pomanda estimates the enterprise value of VEROFY PARTNER SERVICES LIMITED at £0 based on an EBITDA of £-2.6m and a 5.02x industry multiple (adjusted for size and gross margin).
verofy partner services limited Estimated Valuation
Pomanda estimates the enterprise value of VEROFY PARTNER SERVICES LIMITED at £11.5k based on Net Assets of £29.6k and 0.39x industry multiple (adjusted for liquidity).
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Verofy Partner Services Limited Overview
Verofy Partner Services Limited is a live company located in manchester, M45 7JF with a Companies House number of 09941776. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2016, it's largest shareholder is the verofy group limited with a 100% stake. Verofy Partner Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £347.6k with declining growth in recent years.
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Verofy Partner Services Limited Health Check
Pomanda's financial health check has awarded Verofy Partner Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £347.6k, make it smaller than the average company (£6.6m)
- Verofy Partner Services Limited
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -64%, show it is growing at a slower rate (5.4%)
- Verofy Partner Services Limited
5.4% - Industry AVG
Production
with a gross margin of 51.8%, this company has a comparable cost of product (51.8%)
- Verofy Partner Services Limited
51.8% - Industry AVG
Profitability
an operating margin of -760.3% make it less profitable than the average company (3.7%)
- Verofy Partner Services Limited
3.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (43)
- Verofy Partner Services Limited
43 - Industry AVG
Pay Structure
on an average salary of £68.2k, the company has an equivalent pay structure (£68.2k)
- Verofy Partner Services Limited
£68.2k - Industry AVG
Efficiency
resulting in sales per employee of £115.9k, this is less efficient (£162.1k)
- Verofy Partner Services Limited
£162.1k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (55 days)
- Verofy Partner Services Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 207 days, this is slower than average (36 days)
- Verofy Partner Services Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Verofy Partner Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (15 weeks)
21 weeks - Verofy Partner Services Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.1%, this is a higher level of debt than the average (63.8%)
99.1% - Verofy Partner Services Limited
63.8% - Industry AVG
VEROFY PARTNER SERVICES LIMITED financials
Verofy Partner Services Limited's latest turnover from December 2022 is estimated at £347.6 thousand and the company has net assets of £29.6 thousand. According to their latest financial statements, we estimate that Verofy Partner Services Limited has 3 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 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 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 4,421 | 4,537 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 4,421 | 4,537 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 47,717 | 13,595 | 63,351 | 1,535,582 | 14,563 | 87,466 | 1 |
Group Debtors | 1,828,348 | 4,298,962 | 3,848,660 | 0 | 0 | 0 | 0 |
Misc Debtors | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
Cash | 1,284,827 | 868,985 | 561,367 | 325,221 | 47,378 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,160,893 | 5,181,543 | 4,473,379 | 1,860,803 | 464,058 | 87,466 | 1 |
total assets | 3,165,314 | 5,186,080 | 4,473,379 | 1,860,803 | 464,058 | 87,466 | 1 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 95,439 | 85,742 | 103,898 | 196,375 | 285,594 | 13,976 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 3,040,273 | 2,465,286 | 1,734,410 | 771,169 | 0 | 0 | 0 |
total current liabilities | 3,135,712 | 2,551,028 | 1,838,308 | 967,544 | 404,998 | 13,976 | 0 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 3,135,712 | 2,551,028 | 1,838,308 | 967,544 | 404,998 | 13,976 | 0 |
net assets | 29,602 | 2,635,052 | 2,635,071 | 893,259 | 59,060 | 73,490 | 1 |
total shareholders funds | 29,602 | 2,635,052 | 2,635,071 | 893,259 | 59,060 | 73,490 | 1 |
Dec 2022 | Dec 2021 | Dec 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | |||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 116 | 116 | 0 | 0 | 0 | 0 | |
Tax | |||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -2,436,492 | 400,546 | 2,376,430 | 1,521,019 | -72,903 | 87,465 | 1 |
Creditors | 9,697 | -18,156 | -92,477 | -89,219 | 271,618 | 13,976 | 0 |
Accruals and Deferred Income | 574,987 | 730,876 | 963,241 | 771,169 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 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 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | |||||||
cash flow from financing | |||||||
cash and cash equivalents | |||||||
cash | 415,842 | 307,618 | 236,146 | 277,843 | 47,378 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 415,842 | 307,618 | 236,146 | 277,843 | 47,378 | 0 | 0 |
verofy partner services limited Credit Report and Business Information
Verofy Partner Services Limited Competitor Analysis
Perform a competitor analysis for verofy partner services limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in M45 area or any other competitors across 12 key performance metrics.
verofy partner services limited Ownership
VEROFY PARTNER SERVICES LIMITED group structure
Verofy Partner Services Limited has no subsidiary companies.
verofy partner services limited directors
Verofy Partner Services Limited currently has 2 directors. The longest serving directors include Mr Daniel Cainer (Jan 2016) and Mr James Hoole (Jan 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Daniel Cainer | 51 years | Jan 2016 | - | Director | |
Mr James Hoole | England | 45 years | Jan 2016 | - | Director |
P&L
December 2022turnover
347.6k
+109%
operating profit
-2.6m
0%
gross margin
51.9%
-0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
29.6k
-0.99%
total assets
3.2m
-0.39%
cash
1.3m
+0.48%
net assets
Total assets minus all liabilities
verofy partner services limited company details
company number
09941776
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
January 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
verofy partners limited (February 2017)
last accounts submitted
December 2022
address
9 bank street, whitefield, manchester, M45 7JF
accountant
-
auditor
-
verofy partner services 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 1 charges/mortgages relating to verofy partner services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
verofy partner services limited Companies House Filings - See Documents
date | description | view/download |
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