zodeq ltd
zodeq ltd Company Information
Company Number
10369607
Website
wcnwchamber.org.ukRegistered Address
3 the exchange st john street, chester, CH1 1DA
Industry
Factoring
Telephone
01244617087
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
zodeq holdings limited 100%
zodeq ltd Estimated Valuation
Pomanda estimates the enterprise value of ZODEQ LTD at £7.2m based on a Turnover of £4.7m and 1.53x industry multiple (adjusted for size and gross margin).
zodeq ltd Estimated Valuation
Pomanda estimates the enterprise value of ZODEQ LTD at £7.4m based on an EBITDA of £1.6m and a 4.57x industry multiple (adjusted for size and gross margin).
zodeq ltd Estimated Valuation
Pomanda estimates the enterprise value of ZODEQ LTD at £2.9m based on Net Assets of £1.8m and 1.58x industry multiple (adjusted for liquidity).
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Zodeq Ltd Overview
Zodeq Ltd is a live company located in chester, CH1 1DA with a Companies House number of 10369607. It operates in the factoring sector, SIC Code 64992. Founded in September 2016, it's largest shareholder is zodeq holdings limited with a 100% stake. Zodeq Ltd is a young, small sized company, Pomanda has estimated its turnover at £4.7m with healthy growth in recent years.
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Zodeq Ltd Health Check
Pomanda's financial health check has awarded Zodeq Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
2 Weak
Size
annual sales of £4.7m, make it in line with the average company (£4.8m)
- Zodeq Ltd
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.8%)
- Zodeq Ltd
3.8% - Industry AVG
Production
with a gross margin of 69.6%, this company has a comparable cost of product (69.6%)
- Zodeq Ltd
69.6% - Industry AVG
Profitability
an operating margin of 34.4% make it as profitable than the average company (35.7%)
- Zodeq Ltd
35.7% - Industry AVG
Employees
with 34 employees, this is similar to the industry average (38)
34 - Zodeq Ltd
38 - Industry AVG
Pay Structure
on an average salary of £65.4k, the company has an equivalent pay structure (£65.4k)
- Zodeq Ltd
£65.4k - Industry AVG
Efficiency
resulting in sales per employee of £137.7k, this is less efficient (£273.9k)
- Zodeq Ltd
£273.9k - Industry AVG
Debtor Days
it gets paid by customers after 219 days, this is earlier than average (1598 days)
- Zodeq Ltd
1598 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (694 days)
- Zodeq Ltd
694 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Zodeq Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (1 weeks)
17 weeks - Zodeq Ltd
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.9%, this is a similar level of debt than the average (90.5%)
81.9% - Zodeq Ltd
90.5% - Industry AVG
ZODEQ LTD financials
Zodeq Ltd's latest turnover from December 2023 is estimated at £4.7 million and the company has net assets of £1.8 million. According to their latest financial statements, Zodeq Ltd has 34 employees and maintains cash reserves of £2.7 million 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 34 | 25 | 19 | 15 | 12 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,418 | 22,142 | 10,800 | 10,822 | 15,771 | 10,514 | 3,151 |
| Intangible Assets | 147,917 | 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 | 165,335 | 22,142 | 10,800 | 10,822 | 15,771 | 10,514 | 3,151 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,820,004 | 32,353,314 | 28,259,862 | 20,190,868 | 23,461,579 | 14,109,862 | 6,064,253 |
| Group Debtors | 3,231,407 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,122,625 | 388,205 | 346,301 | 153,502 | 116,314 | 61,575 | 189,411 |
| Cash | 2,740,792 | 885,611 | 895,433 | 1,118,723 | 160,602 | 107,857 | 64,250 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,914,828 | 33,627,130 | 29,501,596 | 21,463,093 | 23,738,495 | 14,279,294 | 6,317,914 |
| total assets | 10,080,163 | 33,649,272 | 29,512,396 | 21,473,915 | 23,754,266 | 14,289,808 | 6,321,065 |
| Bank overdraft | 0 | 0 | 0 | 0 | 18,343,099 | 10,400,240 | 2,901,500 |
| Bank loan | 0 | 25,811,924 | 21,857,275 | 19,380,312 | 0 | 0 | 0 |
| Trade Creditors | 122,690 | 81,481 | 62,034 | 23,782 | 27,974 | 20,382 | 3,497 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 3,873,855 | 3,737,305 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,131,693 | 6,142,037 | 6,890,114 | 2,227,781 | 5,370,676 | 202,938 | 107,729 |
| total current liabilities | 8,254,383 | 32,035,442 | 28,809,423 | 21,631,875 | 23,741,749 | 14,497,415 | 6,750,031 |
| 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 | 2,753 | 2,451 | 2,451 | 2,996 | 2,681 | 0 | 0 |
| total long term liabilities | 2,753 | 2,451 | 2,451 | 2,996 | 2,681 | 0 | 0 |
| total liabilities | 8,257,136 | 32,037,893 | 28,811,874 | 21,634,871 | 23,744,430 | 14,497,415 | 6,750,031 |
| net assets | 1,823,027 | 1,611,379 | 700,522 | -160,956 | 9,836 | -207,607 | -428,966 |
| total shareholders funds | 1,823,027 | 1,611,379 | 700,522 | -160,956 | 9,836 | -207,607 | -428,966 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 12,534 | 9,407 | 6,965 | 6,163 | 5,801 | 2,778 | 1,669 |
| Amortisation | 2,083 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -25,567,483 | 4,135,356 | 8,261,793 | -3,233,523 | 9,406,456 | 7,917,773 | 6,253,664 |
| Creditors | 41,209 | 19,447 | 38,252 | -4,192 | 7,592 | 16,885 | 3,497 |
| Accruals and Deferred Income | 1,989,656 | -748,077 | 4,662,333 | -3,142,895 | 5,167,738 | 95,209 | 107,729 |
| Deferred Taxes & Provisions | 302 | 0 | -545 | 315 | 2,681 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | -25,811,924 | 3,954,649 | 2,476,963 | 19,380,312 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -3,873,855 | 136,550 | 3,737,305 |
| 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 | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 1,855,181 | -9,822 | -223,290 | 958,121 | 52,745 | 43,607 | 64,250 |
| overdraft | 0 | 0 | 0 | -18,343,099 | 7,942,859 | 7,498,740 | 2,901,500 |
| change in cash | 1,855,181 | -9,822 | -223,290 | 19,301,220 | -7,890,114 | -7,455,133 | -2,837,250 |
zodeq ltd Credit Report and Business Information
Zodeq Ltd Competitor Analysis
Perform a competitor analysis for zodeq ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CH1 area or any other competitors across 12 key performance metrics.
zodeq ltd Ownership
ZODEQ LTD group structure
Zodeq Ltd has no subsidiary companies.
Ultimate parent company
2 parents
ZODEQ LTD
10369607
zodeq ltd directors
Zodeq Ltd currently has 5 directors. The longest serving directors include Mr Paul Cooney (Sep 2016) and Mr Michael Lowndes (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Cooney | England | 49 years | Sep 2016 | - | Director |
| Mr Michael Lowndes | 51 years | Nov 2016 | - | Director | |
| Mrs Victoria Delafaille | England | 51 years | Dec 2021 | - | Director |
| Mr Peadar Oreilly | England | 48 years | Dec 2021 | - | Director |
| Mr Peadar O'Reilly | England | 48 years | Dec 2021 | - | Director |
P&L
December 2023turnover
4.7m
-22%
operating profit
1.6m
0%
gross margin
69.7%
+7.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.8m
+0.13%
total assets
10.1m
-0.7%
cash
2.7m
+2.09%
net assets
Total assets minus all liabilities
zodeq ltd company details
company number
10369607
Type
Private limited with Share Capital
industry
64992 - Factoring
incorporation date
September 2016
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
SAFFERY LLP
auditor
-
address
3 the exchange st john street, chester, CH1 1DA
Bank
-
Legal Advisor
-
zodeq ltd 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 6 charges/mortgages relating to zodeq ltd. Currently there are 2 open charges and 4 have been satisfied in the past.
zodeq ltd Companies House Filings - See Documents
| date | description | view/download |
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