vidi construction ltd
vidi construction ltd Company Information
Company Number
09961909
Next Accounts
28 days late
Industry
Architectural activities
Construction of domestic buildings
Directors
Shareholders
radu dinului-mereantu
Group Structure
View All
Contact
Registered Address
suite 4 cash's business centre, widdrington road, coventry, CV1 4PB
Website
www.vidi-construction.co.ukvidi construction ltd Estimated Valuation
Pomanda estimates the enterprise value of VIDI CONSTRUCTION LTD at £25.2m based on a Turnover of £39.5m and 0.64x industry multiple (adjusted for size and gross margin).
vidi construction ltd Estimated Valuation
Pomanda estimates the enterprise value of VIDI CONSTRUCTION LTD at £6.4m based on an EBITDA of £1.2m and a 5.41x industry multiple (adjusted for size and gross margin).
vidi construction ltd Estimated Valuation
Pomanda estimates the enterprise value of VIDI CONSTRUCTION LTD at £9m based on Net Assets of £3.6m and 2.54x industry multiple (adjusted for liquidity).
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Vidi Construction Ltd Overview
Vidi Construction Ltd is a live company located in coventry, CV1 4PB with a Companies House number of 09961909. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in January 2016, it's largest shareholder is radu dinului-mereantu with a 100% stake. Vidi Construction Ltd is a young, large sized company, Pomanda has estimated its turnover at £39.5m with rapid growth in recent years.
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Vidi Construction Ltd Health Check
Pomanda's financial health check has awarded Vidi Construction Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £39.5m, make it larger than the average company (£641.1k)
£39.5m - Vidi Construction Ltd
£641.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (4.9%)
- Vidi Construction Ltd
4.9% - Industry AVG
Production
with a gross margin of 10.7%, this company has a higher cost of product (34%)
10.7% - Vidi Construction Ltd
34% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (7.7%)
1.5% - Vidi Construction Ltd
7.7% - Industry AVG
Employees
with 40 employees, this is above the industry average (6)
40 - Vidi Construction Ltd
6 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£45.7k)
£47.4k - Vidi Construction Ltd
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £988.6k, this is more efficient (£155.3k)
£988.6k - Vidi Construction Ltd
£155.3k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (54 days)
58 days - Vidi Construction Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (27 days)
70 days - Vidi Construction Ltd
27 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (129 days)
15 days - Vidi Construction Ltd
129 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (23 weeks)
8 weeks - Vidi Construction Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.2%, this is a higher level of debt than the average (64%)
72.2% - Vidi Construction Ltd
64% - Industry AVG
VIDI CONSTRUCTION LTD financials
Vidi Construction Ltd's latest turnover from March 2023 is £39.5 million and the company has net assets of £3.6 million. According to their latest financial statements, Vidi Construction Ltd has 40 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 39,542,606 | 31,562,130 | 25,532,899 | ||||
| Other Income Or Grants | 0 | 0 | 0 | ||||
| Cost Of Sales | 35,315,290 | 28,452,789 | 23,031,874 | ||||
| Gross Profit | 4,227,316 | 3,109,341 | 2,501,025 | ||||
| Admin Expenses | 3,637,669 | 2,434,724 | 1,181,981 | ||||
| Operating Profit | 589,647 | 674,617 | 1,319,044 | ||||
| Interest Payable | 69,828 | 29,421 | 16,167 | ||||
| Interest Receivable | 0 | 419 | 485 | ||||
| Pre-Tax Profit | 519,819 | 645,615 | 1,303,362 | ||||
| Tax | -31,389 | -221,758 | -247,830 | ||||
| Profit After Tax | 488,430 | 423,857 | 1,055,532 | ||||
| Dividends Paid | 0 | 0 | 0 | ||||
| Retained Profit | 488,430 | 423,857 | 1,055,532 | ||||
| Employee Costs | 1,896,554 | 1,734,785 | 2,000,051 | ||||
| Number Of Employees | 40 | 38 | 72 | 75 | 68 | 4 | 2 |
| EBITDA* | 1,178,657 | 1,117,996 | 1,487,835 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,258,525 | 1,690,622 | 598,114 | 194,445 | 181,051 | 52,158 | 96,365 |
| Intangible Assets | 0 | 0 | 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 | 2,258,525 | 1,690,622 | 598,114 | 194,445 | 181,051 | 52,158 | 96,365 |
| Stock & work in progress | 1,516,105 | 219,531 | 180,000 | 450,000 | 162,500 | 124,780 | 0 |
| Trade Debtors | 6,371,529 | 5,379,853 | 2,913,130 | 2,380,835 | 1,747,454 | 720,754 | 35,700 |
| Group Debtors | 682,068 | 617,709 | 616,813 | 0 | 0 | 0 | 0 |
| Misc Debtors | 493,029 | 188,604 | 686,504 | 1,279,254 | 499,691 | 27,148 | 69,068 |
| Cash | 1,438,460 | 795,801 | 1,038,819 | 170,917 | 15,354 | 12,555 | 45,891 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,501,191 | 7,201,498 | 5,435,266 | 4,281,006 | 2,424,999 | 885,237 | 150,659 |
| total assets | 12,759,716 | 8,892,120 | 6,033,380 | 4,475,451 | 2,606,050 | 937,395 | 247,024 |
| Bank overdraft | 0 | 0 | 0 | 207,923 | 0 | 100,301 | 880 |
| Bank loan | 83,333 | 69,444 | 50,000 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,800,118 | 3,507,975 | 2,370,942 | 2,084,566 | 1,021,207 | 104,576 | 6,543 |
| Group/Directors Accounts | 0 | 456 | 456 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 482,598 | 12,540 | 83,625 | 30,600 | 36,671 | 0 | 0 |
| other current liabilities | 1,021,117 | 761,997 | 618,730 | 481,132 | 251,463 | 278,819 | 47,561 |
| total current liabilities | 8,387,166 | 4,352,412 | 3,123,753 | 2,804,221 | 1,309,341 | 483,696 | 54,984 |
| loans | 97,222 | 180,556 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 374,458 | 978,101 | 174,191 | 69,197 | 96,276 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 348,410 | 317,021 | 95,263 | 17,392 | 17,502 | 9,910 | 0 |
| total long term liabilities | 820,090 | 1,475,678 | 269,454 | 86,589 | 113,778 | 9,910 | 0 |
| total liabilities | 9,207,256 | 5,828,090 | 3,393,207 | 2,890,810 | 1,423,119 | 493,606 | 54,984 |
| net assets | 3,552,460 | 3,064,030 | 2,640,173 | 1,584,641 | 1,182,931 | 443,789 | 192,040 |
| total shareholders funds | 3,552,460 | 3,064,030 | 2,640,173 | 1,584,641 | 1,182,931 | 443,789 | 192,040 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 589,647 | 674,617 | 1,319,044 | ||||
| Depreciation | 589,010 | 443,379 | 168,791 | 56,931 | 45,895 | 15,353 | 5,868 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -31,389 | -221,758 | -247,830 | ||||
| Stock | 1,296,574 | 39,531 | -270,000 | 287,500 | 37,720 | 124,780 | 0 |
| Debtors | 1,360,460 | 1,969,719 | 556,358 | 1,412,944 | 1,499,243 | 643,134 | 104,768 |
| Creditors | 3,292,143 | 1,137,033 | 286,376 | 1,063,359 | 916,631 | 98,033 | 6,543 |
| Accruals and Deferred Income | 259,120 | 143,267 | 137,598 | 229,669 | -27,356 | 231,258 | 47,561 |
| Deferred Taxes & Provisions | 31,389 | 221,758 | 77,871 | -110 | 7,592 | 9,910 | 0 |
| Cash flow from operations | 2,072,886 | 389,046 | 1,455,492 | ||||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | ||||
| Financing Activities | |||||||
| Bank loans | 13,889 | 19,444 | 50,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -456 | 0 | 456 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -83,334 | 180,556 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -133,585 | 732,825 | 158,019 | -33,150 | 132,947 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -69,828 | -29,002 | -15,682 | ||||
| cash flow from financing | -273,314 | 903,823 | 192,793 | ||||
| cash and cash equivalents | |||||||
| cash | 642,659 | -243,018 | 867,902 | 155,563 | 2,799 | -33,336 | 45,891 |
| overdraft | 0 | 0 | -207,923 | 207,923 | -100,301 | 99,421 | 880 |
| change in cash | 642,659 | -243,018 | 1,075,825 | -52,360 | 103,100 | -132,757 | 45,011 |
vidi construction ltd Credit Report and Business Information
Vidi Construction Ltd Competitor Analysis
Perform a competitor analysis for vidi construction ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in CV1 area or any other competitors across 12 key performance metrics.
vidi construction ltd Ownership
VIDI CONSTRUCTION LTD group structure
Vidi Construction Ltd has no subsidiary companies.
Ultimate parent company
VIDI CONSTRUCTION LTD
09961909
vidi construction ltd directors
Vidi Construction Ltd currently has 1 director, Mr Radu Dinului-Mereantu serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Radu Dinului-Mereantu | England | 43 years | Jan 2016 | - | Director |
P&L
March 2023turnover
39.5m
+25%
operating profit
589.6k
-13%
gross margin
10.7%
+8.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.6m
+0.16%
total assets
12.8m
+0.43%
cash
1.4m
+0.81%
net assets
Total assets minus all liabilities
vidi construction ltd company details
company number
09961909
Type
Private limited with Share Capital
industry
71111 - Architectural activities
41202 - Construction of domestic buildings
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SHAH & CO ACCOUNTANTS LTD
address
suite 4 cash's business centre, widdrington road, coventry, CV1 4PB
Bank
-
Legal Advisor
-
vidi construction 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 found 3 charges/mortgages relating to vidi construction ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
vidi construction 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.
Click to start generating capital raising & share issue transactions for VIDI CONSTRUCTION LTD. This can take several minutes, an email will notify you when this has completed.
vidi construction ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
