Pomanda estimates the enterprise value of VERINICA VENTURES LIMITED at £1.9m based on a Turnover of £1.8m and 1.1x industry multiple (adjusted for size and gross margin).
verinica ventures limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VERINICA VENTURES LIMITED at £0 based on an EBITDA of £-170.1k and a 4.27x industry multiple (adjusted for size and gross margin).
verinica ventures limitedEstimated Valuation
£414.2k
Pomanda estimates the enterprise value of VERINICA VENTURES LIMITED at £414.2k based on Net Assets of £191k and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Verinica Ventures LimitedOverview
Verinica Ventures Limited is a live company located in ipswich, IP2 9HB with a Companies House number of 10094003. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in March 2016, it's largest shareholder is
mgm uk hotels holdings limited
with a 100% stake. Verinica Ventures Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.8m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Verinica Ventures 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
Health Rating2.5out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£5.5m)
£1.8m - Verinica Ventures Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (12.3%)
40% - Verinica Ventures Limited
12.3% - Industry AVG
Production
with a gross margin of 75.7%, this company has a comparable cost of product (64.2%)
75.7% - Verinica Ventures Limited
64.2% - Industry AVG
Profitability
an operating margin of -10.6% make it less profitable than the average company (8.3%)
-10.6% - Verinica Ventures Limited
8.3% - Industry AVG
Employees
with 55 employees, this is below the industry average (81)
55 - Verinica Ventures Limited
81 - Industry AVG
Pay Structure
on an average salary of £24.5k, the company has an equivalent pay structure (£24.5k)
£24.5k - Verinica Ventures Limited
£24.5k - Industry AVG
Efficiency
resulting in sales per employee of £32k, this is less efficient (£75.7k)
£32k - Verinica Ventures Limited
£75.7k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is later than average (8 days)
29 days - Verinica Ventures Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (45 days)
110 days - Verinica Ventures Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is in line with average (7 days)
6 days - Verinica Ventures Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (6 weeks)
5 weeks - Verinica Ventures Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.4%, this is a similar level of debt than the average (76.6%)
82.4% - Verinica Ventures Limited
76.6% - Industry AVG
VERINICA VENTURES LIMITED financials
EXPORT
Verinica Ventures Limited's latest turnover from December 2023 is £1.8 million and the company has net assets of £191 thousand. According to their latest financial statements, Verinica Ventures Limited has 55 employees and maintains cash reserves of £89.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
1,758,914
1,894,356
1,508,057
637,649
2,397,238
2,635,036
2,445,045
Other Income Or Grants
Cost Of Sales
427,605
580,652
316,302
155,603
1,126,967
1,330,812
1,162,087
Gross Profit
1,331,309
1,313,704
1,191,755
482,046
1,270,271
1,304,224
1,282,958
Admin Expenses
1,518,366
1,410,515
1,016,758
587,949
1,118,362
1,162,914
1,097,353
Operating Profit
-187,057
-96,811
174,997
-105,903
151,909
141,310
185,605
Interest Payable
451
1,590
123
6,983
9,258
Interest Receivable
1,257
294
Pre-Tax Profit
-187,057
-96,005
173,701
-106,026
144,926
132,052
185,605
Tax
1,314
-1,342
-23,593
13,148
-27,536
12,263
-30,484
Profit After Tax
-185,743
-97,347
150,108
-92,878
117,390
144,315
155,121
Dividends Paid
Retained Profit
-185,743
-97,347
150,108
-92,878
117,390
144,315
155,121
Employee Costs
1,345,759
1,232,219
1,102,490
788,116
1,453,589
1,474,226
1,546,376
Number Of Employees
55
55
56
40
73
77
85
6
EBITDA*
-170,080
-77,575
194,859
-16,700
252,838
282,102
255,265
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
50,931
65,407
67,569
45,113
128,031
395,773
297,584
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
50,931
65,407
67,569
45,113
128,031
395,773
297,584
Stock & work in progress
8,147
8,618
7,939
17,073
23,002
25,522
Trade Debtors
144,421
35,478
56,635
137,635
211,125
156,680
164,034
Group Debtors
768,705
1,084,290
941,161
826,387
706,272
433,037
376,007
Misc Debtors
22,273
7,981
2,408
8,812
54,018
33,709
32,970
1
Cash
89,436
498,342
745,231
70,382
213,089
192,730
126,716
misc current assets
total current assets
1,032,982
1,634,709
1,753,374
1,043,216
1,201,577
839,158
725,249
1
total assets
1,083,913
1,700,116
1,820,943
1,088,329
1,329,608
1,234,931
1,022,833
1
Bank overdraft
Bank loan
Trade Creditors
128,989
161,471
119,622
70,985
94,832
62,607
125,843
Group/Directors Accounts
585,511
902,021
948,271
456,918
489,858
502,824
489,843
other short term finances
hp & lease commitments
48,217
other current liabilities
178,447
259,914
278,993
236,477
323,757
215,787
221,541
total current liabilities
892,947
1,323,406
1,346,886
764,380
908,447
829,435
837,227
loans
hp & lease commitments
87,837
Accruals and Deferred Income
other liabilities
provisions
4,335
18,222
30,484
total long term liabilities
4,335
106,059
30,484
total liabilities
892,947
1,323,406
1,346,886
764,380
912,782
935,494
867,711
net assets
190,966
376,710
474,057
323,949
416,826
299,437
155,122
1
total shareholders funds
190,966
376,710
474,057
323,949
416,826
299,437
155,122
1
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
-187,057
-96,811
174,997
-105,903
151,909
141,310
185,605
Depreciation
16,977
19,236
19,862
89,203
100,929
140,792
69,660
Amortisation
Tax
1,314
-1,342
-23,593
13,148
-27,536
12,263
-30,484
Stock
-471
679
7,939
-17,073
-5,929
-2,520
25,522
Debtors
-192,350
127,545
27,370
1,419
347,989
50,415
573,010
1
Creditors
-32,482
41,849
48,637
-23,847
32,225
-63,236
125,843
Accruals and Deferred Income
-81,467
-19,079
42,516
-87,280
107,970
-5,754
221,541
Deferred Taxes & Provisions
-4,335
-13,887
-12,262
30,484
Cash flow from operations
-89,894
-184,371
227,110
-103,360
9,550
165,218
4,117
-1
Investing Activities
capital expenditure
-2,501
-17,074
-42,318
-6,285
166,813
-238,981
-367,244
Change in Investments
cash flow from investments
-2,501
-17,074
-42,318
-6,285
166,813
-238,981
-367,244
Financing Activities
Bank loans
Group/Directors Accounts
-316,510
-46,250
491,353
-32,940
-12,966
12,981
489,843
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-136,054
136,054
other long term liabilities
share issue
-1
1
-1
1
interest
806
-1,296
-123
-6,983
-9,258
cash flow from financing
-316,511
-45,444
490,057
-33,062
-156,004
139,777
489,843
1
cash and cash equivalents
cash
-408,906
-246,889
674,849
-142,707
20,359
66,014
126,716
overdraft
change in cash
-408,906
-246,889
674,849
-142,707
20,359
66,014
126,716
verinica ventures limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for verinica ventures limited. Get real-time insights into verinica ventures limited's credit score, group structure and payment trends.
Perform a competitor analysis for verinica ventures limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in IP2 area or any other competitors across 12 key performance metrics.
verinica ventures limited Ownership
VERINICA VENTURES LIMITED group structure
Verinica Ventures Limited has no subsidiary companies.
The sole shareholder of Verinica Ventures Limited is Mgm Uk Hotels Holdings Limited.
mgm uk hotels holdings limited
100%
verinica ventures limited directors
Verinica Ventures Limited currently has 4 directors.
The longest serving directors include
Mr Ravi Venkatraman (Mar 2016) and
Ms Monicca Maran (Sep 2017).
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 verinica ventures limited. Currently there are 0 open charges and 1 have been satisfied in the past.
verinica ventures 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.
Click to start generating capital raising & share issue transactions for VERINICA VENTURES LIMITED. This can take several minutes, an email will notify you when this has completed.
verinica ventures limitedCompanies House Filings - See Documents
