scoria limited
scoria limited Company Information
Company Number
10062520
Website
www.scoriatech.comRegistered Address
unit 7 bostocks lane, sandiacre, nottingham, NG10 5QG
Industry
Computer consultancy activities
Telephone
443330063066
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
craig laffer 50%
roger burgess 50%
scoria limited Estimated Valuation
Pomanda estimates the enterprise value of SCORIA LIMITED at £2.5m based on a Turnover of £4.7m and 0.54x industry multiple (adjusted for size and gross margin).
scoria limited Estimated Valuation
Pomanda estimates the enterprise value of SCORIA LIMITED at £1.7m based on an EBITDA of £389.8k and a 4.4x industry multiple (adjusted for size and gross margin).
scoria limited Estimated Valuation
Pomanda estimates the enterprise value of SCORIA LIMITED at £860.8k based on Net Assets of £408.7k and 2.11x industry multiple (adjusted for liquidity).
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Scoria Limited Overview
Scoria Limited is a live company located in nottingham, NG10 5QG with a Companies House number of 10062520. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2016, it's largest shareholder is craig laffer with a 50% stake. Scoria Limited is a young, small sized company, Pomanda has estimated its turnover at £4.7m with rapid growth in recent years.
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Scoria Limited Health Check
Pomanda's financial health check has awarded Scoria Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £4.8m, make it larger than the average company (£552.5k)
£4.8m - Scoria Limited
£552.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (3.2%)
- Scoria Limited
3.2% - Industry AVG
Production
with a gross margin of 30%, this company has a higher cost of product (46%)
30% - Scoria Limited
46% - Industry AVG
Profitability
an operating margin of 11.7% make it more profitable than the average company (8.7%)
11.7% - Scoria Limited
8.7% - Industry AVG
Employees
with 20 employees, this is above the industry average (7)
20 - Scoria Limited
7 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)
- Scoria Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £239.7k, this is more efficient (£115.9k)
£239.7k - Scoria Limited
£115.9k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (67 days)
38 days - Scoria Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (31 days)
47 days - Scoria Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Scoria Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (26 weeks)
32 weeks - Scoria Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.3%, this is a higher level of debt than the average (56%)
71.3% - Scoria Limited
56% - Industry AVG
SCORIA LIMITED financials
Scoria Limited's latest turnover from December 2022 is £4.7 million and the company has net assets of £408.7 thousand. According to their latest financial statements, Scoria Limited has 26 employees and maintains cash reserves of £199.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 4,678,920 | 4,794,012 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 3,048,983 | 3,357,378 | |||||
| Gross Profit | 1,629,937 | 1,436,634 | |||||
| Admin Expenses | 1,240,306 | 877,499 | |||||
| Operating Profit | 389,631 | 559,135 | |||||
| Interest Payable | 32 | 112 | |||||
| Interest Receivable | 0 | 16 | |||||
| Pre-Tax Profit | 389,599 | 559,039 | |||||
| Tax | -75,689 | -108,499 | |||||
| Profit After Tax | 313,910 | 450,540 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 313,910 | 450,540 | |||||
| Employee Costs | |||||||
| Number Of Employees | 26 | 20 | 18 | 13 | 8 | 4 | 1 |
| EBITDA* | 389,829 | 562,760 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 315 | 513 | 4,138 | 10,358 | 5,001 | 4,276 | 0 |
| 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 | 315 | 513 | 4,138 | 10,358 | 5,001 | 4,276 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 639,246 | 511,030 | 256,908 | 207,653 | 86,176 | 47,712 | 9,902 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 600,101 | 30,595 | 25,149 | 4,696 | 4,500 | 5,300 | 50 |
| Cash | 199,142 | 441,110 | 516,251 | 302,986 | 179,232 | 94,502 | 12,598 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,438,489 | 982,735 | 798,308 | 515,335 | 269,908 | 147,514 | 22,550 |
| total assets | 1,438,804 | 983,248 | 802,446 | 525,693 | 274,909 | 151,790 | 22,550 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 564,516 | 433,550 | 303,889 | 32,317 | 2,832 | 4,090 | 7,954 |
| 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 | 465,490 | 267,562 | 479,083 | 160,750 | 77,300 | 41,999 | 5,152 |
| total current liabilities | 1,030,006 | 701,112 | 782,972 | 193,067 | 80,132 | 46,089 | 13,106 |
| 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 | 60 | 108 | 786 | 1,968 | 0 | 0 | 0 |
| total long term liabilities | 60 | 108 | 786 | 1,968 | 0 | 0 | 0 |
| total liabilities | 1,030,066 | 701,220 | 783,758 | 195,035 | 80,132 | 46,089 | 13,106 |
| net assets | 408,738 | 282,028 | 18,688 | 330,658 | 194,777 | 105,701 | 9,444 |
| total shareholders funds | 408,738 | 282,028 | 18,688 | 330,658 | 194,777 | 105,701 | 9,444 |
| Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 389,631 | 559,135 | |||||
| Depreciation | 198 | 3,625 | 6,220 | 7,057 | 2,920 | 837 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -75,689 | -108,499 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 957,290 | 259,568 | 69,708 | 121,673 | 37,664 | 43,060 | 9,952 |
| Creditors | 260,627 | 129,661 | 271,572 | 29,485 | -1,258 | -3,864 | 7,954 |
| Accruals and Deferred Income | -13,593 | -211,521 | 318,333 | 83,450 | 35,301 | 36,847 | 5,152 |
| Deferred Taxes & Provisions | -726 | -678 | -1,182 | 1,968 | 0 | 0 | 0 |
| Cash flow from operations | -396,842 | 112,155 | |||||
| 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 | -32 | -96 | |||||
| cash flow from financing | 76,108 | -187,296 | |||||
| cash and cash equivalents | |||||||
| cash | -317,109 | -75,141 | 213,265 | 123,754 | 84,730 | 81,904 | 12,598 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -317,109 | -75,141 | 213,265 | 123,754 | 84,730 | 81,904 | 12,598 |
scoria limited Credit Report and Business Information
Scoria Limited Competitor Analysis
Perform a competitor analysis for scoria limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
scoria limited Ownership
SCORIA LIMITED group structure
Scoria Limited has no subsidiary companies.
Ultimate parent company
2 parents
SCORIA LIMITED
10062520
scoria limited directors
Scoria Limited currently has 4 directors. The longest serving directors include Mr James Healey (Nov 2022) and Mr James Steventon (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Healey | England | 40 years | Nov 2022 | - | Director |
| Mr James Steventon | England | 56 years | Nov 2022 | - | Director |
| Mr Spencer Lea | United Kingdom | 52 years | Dec 2023 | - | Director |
| Mr Mark Lovett | England | 50 years | Apr 2024 | - | Director |
P&L
December 2022turnover
4.7m
0%
operating profit
389.6k
0%
gross margin
34.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
408.7k
+20.87%
total assets
1.4m
+0.79%
cash
199.1k
-0.61%
net assets
Total assets minus all liabilities
scoria limited company details
company number
10062520
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
March 2016
age
8
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 7 bostocks lane, sandiacre, nottingham, NG10 5QG
last accounts submitted
December 2022
scoria 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 2 charges/mortgages relating to scoria limited. Currently there are 2 open charges and 0 have been satisfied in the past.
scoria limited Companies House Filings - See Documents
| date | description | view/download |
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