Pomanda estimates the enterprise value of DEEPVERGE PLC at £5.1m based on a Turnover of £7.5m and 0.67x industry multiple (adjusted for size and gross margin).
deepverge plcEstimated Valuation
£0
Pomanda estimates the enterprise value of DEEPVERGE PLC at £0 based on an EBITDA of £-36.5m and a 5.32x industry multiple (adjusted for size and gross margin).
deepverge plcEstimated Valuation
£0
Pomanda estimates the enterprise value of DEEPVERGE PLC at £0 based on Net Assets of £-2.5m and 2.11x industry multiple (adjusted for liquidity).
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Deepverge PlcOverview
Deepverge Plc is a live company located in gateshead, NE11 0RU with a Companies House number of 10205396. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2016, it's largest shareholder is
jim nominees limited a/c jarvis
with a 27.8% stake. Deepverge Plc is a young,
mid sized company, Pomanda has estimated its turnover at
£7.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Deepverge Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
0 Regular
6 Weak
Size
annual sales of £7.5m, make it smaller than the average company (£18.8m)
£7.5m - Deepverge Plc
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 109%, show it is growing at a faster rate (3.4%)
109% - Deepverge Plc
3.4% - Industry AVG
Production
with a gross margin of 41.9%, this company has a lower cost of product (33.4%)
41.9% - Deepverge Plc
33.4% - Industry AVG
Profitability
an operating margin of -529.5% make it less profitable than the average company (6.2%)
-529.5% - Deepverge Plc
6.2% - Industry AVG
Employees
with 80 employees, this is below the industry average (109)
80 - Deepverge Plc
109 - Industry AVG
Pay Structure
on an average salary of £69k, the company has a higher pay structure (£47.1k)
£69k - Deepverge Plc
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £94.2k, this is less efficient (£195.6k)
£94.2k - Deepverge Plc
£195.6k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (47 days)
35 days - Deepverge Plc
47 days - Industry AVG
Creditor Days
its suppliers are paid after 400 days, this is slower than average (45 days)
400 days - Deepverge Plc
45 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (50 days)
25 days - Deepverge Plc
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 20 weeks, this is more cash available to meet short term requirements (16 weeks)
20 weeks - Deepverge Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 149.3%, this is a higher level of debt than the average (57.1%)
149.3% - Deepverge Plc
57.1% - Industry AVG
DEEPVERGE PLC financials
EXPORT
Deepverge Plc's latest turnover from December 2022 is £7.5 million and the company has net assets of -£2.5 million. According to their latest financial statements, Deepverge Plc has 80 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Turnover
7,534,000
9,297,000
4,483,000
823,000
274,000
93,000
52,000
4,015
Other Income Or Grants
Cost Of Sales
4,375,000
3,987,000
2,639,000
221,000
126,000
45,000
63,000
Gross Profit
3,159,000
5,310,000
1,844,000
602,000
148,000
48,000
-11,000
4,015
Admin Expenses
43,055,000
8,570,000
4,561,000
2,973,000
1,629,000
5,445,000
1,066,000
416,074
Operating Profit
-39,896,000
-3,260,000
-2,717,000
-2,371,000
-1,481,000
-5,397,000
-1,077,000
-412,059
Interest Payable
715,000
420,000
183,000
26,000
38,000
63,000
17,000
2,074
Interest Receivable
7,000
Pre-Tax Profit
-40,610,000
-3,680,000
-2,900,000
-2,397,000
-1,519,000
-5,453,000
-1,094,000
-414,233
Tax
3,020,000
1,001,000
182,000
126,000
55,000
210,000
48,000
Profit After Tax
-37,590,000
-2,679,000
-2,718,000
-2,271,000
-1,464,000
-5,243,000
-1,046,000
-414,233
Dividends Paid
Retained Profit
-37,590,000
-2,679,000
-2,718,000
-2,271,000
-1,464,000
-5,243,000
-1,046,000
-414,233
Employee Costs
5,520,000
3,459,000
1,606,000
824,000
602,000
825,000
451,000
222,788
Number Of Employees
80
73
43
16
10
10
9
7
EBITDA*
-36,491,000
-475,000
-1,733,000
-1,849,000
-1,148,000
-4,533,000
-958,000
-356,033
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Tangible Assets
2,828,000
1,797,000
1,682,000
740,000
241,000
88,000
116,711
Intangible Assets
18,130,000
18,241,000
3,654,000
718,000
1,979,000
4,558,000
510,527
Investments & Other
354,000
354,000
708,000
708,000
Debtors (Due After 1 year)
Total Fixed Assets
20,958,000
20,038,000
5,336,000
1,458,000
2,220,000
4,646,000
627,238
Stock & work in progress
300,000
1,712,000
1,347,000
85,000
135,000
174,000
11,000
8,854
Trade Debtors
738,000
4,595,000
1,008,000
370,000
85,000
18,000
9,000
Group Debtors
Misc Debtors
1,064,000
2,191,000
440,000
179,000
100,000
122,000
300,000
88,882
Cash
2,962,000
1,847,000
1,441,000
1,193,000
26,000
40,000
30,000
23,156
misc current assets
total current assets
5,064,000
10,345,000
4,236,000
1,827,000
346,000
354,000
350,000
120,892
total assets
5,064,000
31,303,000
24,274,000
7,163,000
1,804,000
2,574,000
4,996,000
748,130
Bank overdraft
85,000
Bank loan
52,000
698,000
1,187,000
182,000
185,000
175,000
167,000
Trade Creditors
4,804,000
1,714,000
159,000
365,000
249,000
155,000
48,809
Group/Directors Accounts
other short term finances
162,000
hp & lease commitments
2,038,000
409,000
264,000
102,000
14,000
24,000
16,280
other current liabilities
664,000
2,807,000
1,281,000
595,000
1,624,000
1,443,000
1,302,000
756,560
total current liabilities
7,558,000
3,914,000
4,608,000
1,038,000
2,174,000
1,966,000
1,648,000
821,649
loans
2,348,000
1,882,000
1,074,000
668,000
1,018,000
1,334,000
94,240
hp & lease commitments
1,174,000
358,000
402,000
14,000
47,120
Accruals and Deferred Income
19,000
24,000
other liabilities
provisions
4,868,000
5,560,000
1,000,000
160,000
424,000
186,000
total long term liabilities
3,627,000
3,745,000
1,037,000
414,000
721,000
760,000
47,120
total liabilities
7,558,000
7,541,000
8,353,000
2,075,000
2,588,000
2,687,000
2,408,000
868,769
net assets
-2,494,000
23,762,000
15,132,000
5,088,000
-784,000
-113,000
2,588,000
-120,639
total shareholders funds
-2,494,000
23,762,000
15,132,000
5,088,000
-784,000
-113,000
2,588,000
-120,639
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Operating Activities
Operating Profit
-39,896,000
-3,260,000
-2,717,000
-2,371,000
-1,481,000
-5,397,000
-1,077,000
-412,059
Depreciation
772,000
277,000
187,000
101,000
74,000
76,000
34,000
20,584
Amortisation
2,633,000
2,508,000
797,000
421,000
259,000
788,000
85,000
35,442
Tax
3,020,000
1,001,000
182,000
126,000
55,000
210,000
48,000
Stock
-1,412,000
365,000
1,262,000
-50,000
-39,000
163,000
2,146
8,854
Debtors
-4,984,000
5,338,000
899,000
364,000
45,000
-169,000
220,118
88,882
Creditors
4,804,000
-1,714,000
1,555,000
-206,000
116,000
94,000
106,191
48,809
Accruals and Deferred Income
-2,162,000
1,521,000
710,000
-1,029,000
181,000
141,000
545,440
756,560
Deferred Taxes & Provisions
-4,868,000
-692,000
4,560,000
840,000
-264,000
238,000
186,000
Cash flow from operations
-29,301,000
-6,062,000
3,113,000
-2,432,000
-1,066,000
-3,844,000
-294,633
351,600
Investing Activities
capital expenditure
17,553,000
-3,705,000
-15,686,000
-4,400,000
429,000
1,562,000
-4,137,762
-683,264
Change in Investments
-354,000
-354,000
708,000
cash flow from investments
17,907,000
-3,705,000
-15,332,000
-4,400,000
-279,000
1,562,000
-4,137,762
-683,264
Financing Activities
Bank loans
-646,000
-489,000
1,005,000
-3,000
10,000
8,000
167,000
Group/Directors Accounts
Other Short Term Loans
-162,000
162,000
Long term loans
-2,348,000
466,000
808,000
406,000
-350,000
-316,000
1,239,760
94,240
Hire Purchase and Lease Commitments
455,000
961,000
118,000
504,000
-14,000
-24,000
-25,400
63,400
other long term liabilities
share issue
11,334,000
11,309,000
12,762,000
8,143,000
793,000
2,542,000
3,754,639
293,594
interest
-715,000
-420,000
-183,000
-26,000
-38,000
-56,000
-17,000
-2,074
cash flow from financing
8,080,000
11,665,000
14,672,000
9,024,000
401,000
2,154,000
5,118,999
449,160
cash and cash equivalents
cash
1,115,000
406,000
248,000
1,167,000
-14,000
10,000
6,844
23,156
overdraft
-85,000
85,000
change in cash
1,115,000
406,000
248,000
1,167,000
71,000
-75,000
6,844
23,156
deepverge plc 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 deepverge plc. Get real-time insights into deepverge plc's credit score, group structure and payment trends.
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deepverge plc 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 did not find charges/mortgages relating to deepverge plc.
deepverge plc 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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deepverge plcCompanies House Filings - See Documents
