second market limited

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second market limited Company Information

Share SECOND MARKET LIMITED

Company Number

10358690

Shareholders

mr malcolm alec burne

veronika oswaldova

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Group Structure

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Industry

Dormant Company

 

Registered Address

2nd floor, 168 shoreditch high street, london, E1 6RA

second market limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SECOND MARKET LIMITED at £0 based on a Turnover of £271.9k and 0x industry multiple (adjusted for size and gross margin).

second market limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SECOND MARKET LIMITED at £0 based on an EBITDA of £-13.9k and a 1.48x industry multiple (adjusted for size and gross margin).

second market limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SECOND MARKET LIMITED at £0 based on Net Assets of £-55.3k and 0.54x industry multiple (adjusted for liquidity).

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Second Market Limited Overview

Second Market Limited is a live company located in london, E1 6RA with a Companies House number of 10358690. It operates in the dormant company sector, SIC Code 99999. Founded in September 2016, it's largest shareholder is mr malcolm alec burne with a 42.1% stake. Second Market Limited is a young, micro sized company, Pomanda has estimated its turnover at £271.9k with declining growth in recent years.

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Second Market Limited Health Check

Pomanda's financial health check has awarded Second Market Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £271.9k, make it smaller than the average company (£7.8m)

£271.9k - Second Market Limited

£7.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8%)

-2% - Second Market Limited

8% - Industry AVG

production

Production

with a gross margin of 18.6%, this company has a higher cost of product (33.8%)

18.6% - Second Market Limited

33.8% - Industry AVG

profitability

Profitability

an operating margin of -5.1% make it less profitable than the average company (4.6%)

-5.1% - Second Market Limited

4.6% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (61)

2 - Second Market Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)

£41.9k - Second Market Limited

£41.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £136k, this is less efficient (£178.3k)

£136k - Second Market Limited

£178.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (37 days)

50 days - Second Market Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 236 days, this is slower than average (41 days)

236 days - Second Market Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Second Market Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Second Market Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 162.8%, this is a higher level of debt than the average (68.7%)

162.8% - Second Market Limited

68.7% - Industry AVG

SECOND MARKET LIMITED financials

EXPORTms excel logo

Second Market Limited's latest turnover from March 2024 is estimated at £271.9 thousand and the company has net assets of -£55.3 thousand. According to their latest financial statements, Second Market Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Sep 2017
Turnover271,904289,226274,756286,55143,730
Other Income Or Grants
Cost Of Sales221,246235,896226,336239,73636,285
Gross Profit50,65853,33048,42046,8157,446
Admin Expenses64,57577,74725,11881,6908,406
Operating Profit-13,917-24,41723,302-34,875-960
Interest Payable
Interest Receivable
Pre-Tax Profit-13,917-24,41723,302-34,875-960
Tax-4,427
Profit After Tax-13,917-24,41718,875-34,875-960
Dividends Paid
Retained Profit-13,917-24,41718,875-34,875-960
Employee Costs83,70977,81372,94570,77968,314
Number Of Employees22222
EBITDA*-13,917-24,41723,302-34,875-960

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Sep 2017
Tangible Assets50,07050,81152,01851,93350,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets50,07050,81152,01851,93350,000
Stock & work in progress
Trade Debtors37,93649,80774,18754,24755
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets37,93649,80774,18754,24755
total assets88,006100,618126,205106,18050,055
Bank overdraft
Bank loan
Trade Creditors 143,300141,99593,165142,0151,015
Group/Directors Accounts50,00050,000
other short term finances
hp & lease commitments
other current liabilities
total current liabilities143,300141,995143,165142,01551,015
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities143,300141,995143,165142,01551,015
net assets-55,294-41,377-16,960-35,835-960
total shareholders funds-55,294-41,377-16,960-35,835-960
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Sep 2017
Operating Activities
Operating Profit-13,917-24,41723,302-34,875-960
Depreciation
Amortisation
Tax-4,427
Stock
Debtors-11,871-24,38019,94054,19255
Creditors1,30548,830-48,850141,0001,015
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-74148,793-49,91551,933
Investing Activities
capital expenditure7411,207-85-1,933-50,000
Change in Investments
cash flow from investments7411,207-85-1,933-50,000
Financing Activities
Bank loans
Group/Directors Accounts-50,00050,000-50,00050,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing-50,00050,000-50,00050,000
cash and cash equivalents
cash
overdraft
change in cash

second market limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Second Market Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for second market limited by selecting its closest rivals, whether from the ACTIVITIES OF EXTRATERRITORIAL ORGANISATIONS AND BODIES sector, other micro companies, companies in E 1 area or any other competitors across 12 key performance metrics.

second market limited Ownership

SECOND MARKET LIMITED group structure

Second Market Limited has 1 subsidiary company.

Ultimate parent company

SECOND MARKET LIMITED

10358690

1 subsidiary

SECOND MARKET LIMITED Shareholders

mr malcolm alec burne 42.11%
veronika oswaldova 42.11%
mr nathan anthony steinberg 10.53%
kevin milne 5.26%

second market limited directors

Second Market Limited currently has 2 directors. The longest serving directors include Mr Malcolm Burne (Sep 2016) and Ms Veronika Oswaldova (Apr 2019).

officercountryagestartendrole
Mr Malcolm Burne81 years Sep 2016- Director
Ms Veronika OswaldovaEngland40 years Apr 2019- Director

P&L

March 2024

turnover

271.9k

-6%

operating profit

-13.9k

0%

gross margin

18.7%

+1.04%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

-55.3k

+0.34%

total assets

88k

-0.13%

cash

0

0%

net assets

Total assets minus all liabilities

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second market limited company details

company number

10358690

Type

Private limited with Share Capital

industry

99999 - Dormant Company

incorporation date

September 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

2nd floor, 168 shoreditch high street, london, E1 6RA

Bank

-

Legal Advisor

-

second market 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 did not find charges/mortgages relating to second market limited.

second market 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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second market limited Companies House Filings - See Documents

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