Pomanda estimates the enterprise value of IRONGATE (READING) LIMITED at £324.5k based on a Turnover of £968.9k and 0.33x industry multiple (adjusted for size and gross margin).
irongate (reading) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of IRONGATE (READING) LIMITED at £0 based on an EBITDA of £-23.6k and a 2.55x industry multiple (adjusted for size and gross margin).
irongate (reading) limitedEstimated Valuation
£340.3k
Pomanda estimates the enterprise value of IRONGATE (READING) LIMITED at £340.3k based on Net Assets of £245.5k and 1.39x industry multiple (adjusted for liquidity).
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Irongate (reading) LimitedOverview
Irongate (reading) Limited is a live company located in reading, RG1 4QA with a Companies House number of 10185900. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2016, it's largest shareholder is
brian nunan
with a 50% stake. Irongate (reading) Limited is a young,
small sized company, Pomanda has estimated its turnover at
£968.9k with
declining
growth in recent years.
Pomanda's financial health check has awarded Irongate (Reading) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £968.9k, make it smaller than the average company (£2.1m)
£968.9k - Irongate (reading) Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.8%)
-4% - Irongate (reading) Limited
6.8% - Industry AVG
Production
with a gross margin of 9.7%, this company has a higher cost of product (26.6%)
9.7% - Irongate (reading) Limited
26.6% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (7.3%)
-2.4% - Irongate (reading) Limited
7.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Irongate (reading) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)
£48.7k - Irongate (reading) Limited
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £484.5k, this is more efficient (£272k)
£484.5k - Irongate (reading) Limited
£272k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (29 days)
8 days - Irongate (reading) Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 280 days, this is slower than average (32 days)
280 days - Irongate (reading) Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Irongate (reading) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Irongate (reading) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.3%, this is a similar level of debt than the average (73%)
73.3% - Irongate (reading) Limited
73% - Industry AVG
IRONGATE (READING) LIMITED financials
EXPORT
Irongate (Reading) Limited's latest turnover from May 2024 is estimated at £968.9 thousand and the company has net assets of £245.5 thousand. According to their latest financial statements, Irongate (Reading) Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Turnover
968,904
1,074,026
1,012,955
1,090,322
1,073,613
1,257,211
1,324,377
1,182,753
Other Income Or Grants
Cost Of Sales
874,639
969,679
913,122
992,899
965,810
1,122,201
1,178,254
1,042,533
Gross Profit
94,266
104,346
99,833
97,424
107,803
135,009
146,123
140,220
Admin Expenses
117,874
93,998
95,768
44,584
34,384
67,010
75,481
86,535
Operating Profit
-23,608
10,348
4,065
52,840
73,419
67,999
70,642
53,685
Interest Payable
Interest Receivable
Pre-Tax Profit
-23,608
10,348
4,065
52,840
73,419
67,999
70,642
53,685
Tax
-2,587
-772
-10,040
-13,950
-12,920
-13,422
-10,200
Profit After Tax
-23,608
7,761
3,293
42,800
59,469
55,079
57,220
43,485
Dividends Paid
Retained Profit
-23,608
7,761
3,293
42,800
59,469
55,079
57,220
43,485
Employee Costs
97,392
93,041
88,514
86,300
86,095
84,665
83,922
82,343
Number Of Employees
2
2
2
2
2
2
2
2
EBITDA*
-23,608
10,348
4,065
52,840
73,419
67,999
70,642
53,685
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Tangible Assets
898,104
898,104
898,104
898,104
898,104
898,104
898,104
898,104
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
898,104
898,104
898,104
898,104
898,104
898,104
898,104
898,104
Stock & work in progress
Trade Debtors
22,760
28,691
19,500
39,614
6,334
70,835
61,208
27,318
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
22,760
28,691
19,500
39,614
6,334
70,835
61,208
27,318
total assets
920,864
926,795
917,604
937,718
904,438
968,939
959,312
925,422
Bank overdraft
Bank loan
Trade Creditors
672,165
656,088
654,758
678,365
687,935
811,905
857,407
880,737
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
672,165
656,088
654,758
678,365
687,935
811,905
857,407
880,737
loans
hp & lease commitments
Accruals and Deferred Income
3,200
1,600
1,500
1,300
1,250
1,250
1,200
1,200
other liabilities
provisions
total long term liabilities
3,200
1,600
1,500
1,300
1,250
1,250
1,200
1,200
total liabilities
675,365
657,688
656,258
679,665
689,185
813,155
858,607
881,937
net assets
245,499
269,107
261,346
258,053
215,253
155,784
100,705
43,485
total shareholders funds
245,499
269,107
261,346
258,053
215,253
155,784
100,705
43,485
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Operating Activities
Operating Profit
-23,608
10,348
4,065
52,840
73,419
67,999
70,642
53,685
Depreciation
Amortisation
Tax
-2,587
-772
-10,040
-13,950
-12,920
-13,422
-10,200
Stock
Debtors
-5,931
9,191
-20,114
33,280
-64,501
9,627
33,890
27,318
Creditors
16,077
1,330
-23,607
-9,570
-123,970
-45,502
-23,330
880,737
Accruals and Deferred Income
1,600
100
200
50
50
1,200
Deferred Taxes & Provisions
Cash flow from operations
898,104
Investing Activities
capital expenditure
-898,104
Change in Investments
cash flow from investments
-898,104
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
irongate (reading) 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 irongate (reading) limited. Get real-time insights into irongate (reading) limited's credit score, group structure and payment trends.
Perform a competitor analysis for irongate (reading) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.
irongate (reading) limited Ownership
IRONGATE (READING) LIMITED group structure
Irongate (Reading) Limited has no subsidiary companies.
Ultimate parent company
IRONGATE (READING) LIMITED
10185900
IRONGATE (READING) LIMITED Shareholders
The largest shareholders in Irongate (Reading) Limited include Brian Nunan and Edward Richardson.
brian nunan
50%
edward richardson
50%
irongate (reading) limited directors
Irongate (Reading) Limited currently has 2 directors.
The longest serving directors include
Mr Brian Nunan (May 2016) and
Mr Edward Richardson (May 2016).
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 did not find charges/mortgages relating to irongate (reading) limited.
irongate (reading) 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.
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irongate (reading) limitedCompanies House Filings - See Documents
