skelatech limited
skelatech limited Company Information
Company Number
10393123
Website
-Registered Address
10 little portland street, london, W1W 7JG
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
skelatech holdings limited 100%
skelatech limited Estimated Valuation
Pomanda estimates the enterprise value of SKELATECH LIMITED at £38.2k based on a Turnover of £2.1m and 0.02x industry multiple (adjusted for size and gross margin).
skelatech limited Estimated Valuation
Pomanda estimates the enterprise value of SKELATECH LIMITED at £0 based on an EBITDA of £-956.1k and a 0.13x industry multiple (adjusted for size and gross margin).
skelatech limited Estimated Valuation
Pomanda estimates the enterprise value of SKELATECH LIMITED at £1.1m based on Net Assets of £2.8m and 0.39x industry multiple (adjusted for liquidity).
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Skelatech Limited Overview
Skelatech Limited is a live company located in london, W1W 7JG with a Companies House number of 10393123. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 2016, it's largest shareholder is skelatech holdings limited with a 100% stake. Skelatech Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Skelatech Limited Health Check
Pomanda's financial health check has awarded Skelatech Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£7m)
- Skelatech Limited
£7m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.5%)
- Skelatech Limited
6.5% - Industry AVG
Production
with a gross margin of -45%, this company has a higher cost of product (49.5%)
- Skelatech Limited
49.5% - Industry AVG
Profitability
an operating margin of -46% make it less profitable than the average company (3.3%)
- Skelatech Limited
3.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - Skelatech Limited
43 - Industry AVG
Pay Structure
on an average salary of £69.4k, the company has an equivalent pay structure (£69.4k)
- Skelatech Limited
£69.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.1m, this is more efficient (£166k)
- Skelatech Limited
£166k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (55 days)
- Skelatech Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (35 days)
- Skelatech Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 2955 days, this is more than average (16 days)
- Skelatech Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5765 weeks, this is more cash available to meet short term requirements (14 weeks)
5765 weeks - Skelatech Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.4%, this is a higher level of debt than the average (63.5%)
78.4% - Skelatech Limited
63.5% - Industry AVG
SKELATECH LIMITED financials
Skelatech Limited's latest turnover from September 2023 is estimated at £2.1 million and the company has net assets of £2.8 million. According to their latest financial statements, Skelatech Limited has 1 employee and maintains cash reserves of £291.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 0 | ||||||
| Other Income Or Grants | 0 | ||||||
| Cost Of Sales | 0 | ||||||
| Gross Profit | -935,011 | 41,667 | 17,137 | 426,183 | -41,548 | 0 | |
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -941,368 | 13,387 | -1,335 | -1,045,232 | -79,211 | -8,035 | |
| Tax | 0 | 0 | 0 | -1,607 | 0 | 1,607 | |
| Profit After Tax | -941,368 | 13,387 | -1,335 | -1,046,839 | -79,211 | -6,428 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -941,368 | 13,387 | -1,335 | -1,046,839 | -79,211 | -6,428 | |
| Employee Costs | |||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 27,543 | 29,150 | 1,607 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 27,543 | 29,150 | 1,607 | 0 |
| Stock & work in progress | 12,550,081 | 13,485,092 | 13,485,092 | 13,485,092 | 12,158,557 | 2,285,000 | 0 |
| Trade Debtors | 65,949 | 65,940 | 169,429 | 24,260 | 1,465,180 | 1,100 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 291,060 | 297,426 | 180,550 | 310,933 | 1,233,861 | 2,870,624 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,907,090 | 13,848,458 | 13,835,071 | 13,820,285 | 14,857,598 | 5,156,724 | 0 |
| total assets | 12,907,090 | 13,848,458 | 13,835,071 | 13,847,828 | 14,886,748 | 5,158,331 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,625 | 2,625 | 2,625 | 14,047 | 6,128 | 313,500 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,625 | 2,625 | 2,625 | 14,047 | 6,128 | 313,500 | 0 |
| 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 | 10,115,000 | 10,115,000 | 10,115,000 | 10,115,000 | 10,115,000 | 1,984,820 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,115,000 | 10,115,000 | 10,115,000 | 10,115,000 | 10,115,000 | 1,984,820 | 0 |
| total liabilities | 10,117,625 | 10,117,625 | 10,117,625 | 10,129,047 | 10,121,128 | 2,298,320 | 0 |
| net assets | 2,789,465 | 3,730,833 | 3,717,446 | 3,718,781 | 4,765,620 | 2,860,011 | 0 |
| total shareholders funds | 2,789,465 | 3,730,833 | 3,717,446 | 3,718,781 | 4,765,620 | 2,860,011 | 0 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | -1,607 | 0 | 1,607 | |
| Stock | -935,011 | 0 | 0 | 1,326,535 | 9,873,557 | 2,285,000 | 0 |
| Debtors | 9 | -103,489 | 145,169 | -1,440,920 | 1,464,080 | 1,100 | 0 |
| Creditors | 0 | 0 | -11,422 | 7,919 | -307,372 | 313,500 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | -27,543 | -1,607 | 27,543 | 1,607 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 8,130,180 | 1,984,820 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | 0 | 0 | 10,115,000 | 4,851,259 | |
| cash and cash equivalents | |||||||
| cash | -6,366 | 116,876 | -130,383 | -922,928 | -1,636,763 | 2,870,624 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,366 | 116,876 | -130,383 | -922,928 | -1,636,763 | 2,870,624 | 0 |
skelatech limited Credit Report and Business Information
Skelatech Limited Competitor Analysis
Perform a competitor analysis for skelatech limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in W1W area or any other competitors across 12 key performance metrics.
skelatech limited Ownership
SKELATECH LIMITED group structure
Skelatech Limited has no subsidiary companies.
Ultimate parent company
SKELATECH LIMITED
10393123
skelatech limited directors
Skelatech Limited currently has 2 directors. The longest serving directors include Mr Adam Nagle (Nov 2018) and Mr Mark Howell (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Nagle | England | 33 years | Nov 2018 | - | Director |
| Mr Mark Howell | England | 57 years | Nov 2018 | - | Director |
P&L
September 2023turnover
2.1m
-14%
operating profit
-956.1k
0%
gross margin
-44.9%
-2712.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
2.8m
-0.25%
total assets
12.9m
-0.07%
cash
291.1k
-0.02%
net assets
Total assets minus all liabilities
Similar Companies
skelatech limited company details
company number
10393123
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 2016
age
8
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
nagle studio limited (August 2017)
last accounts submitted
September 2023
address
10 little portland street, london, W1W 7JG
accountant
HUGH MCCARTHY & ASSOCIATES
auditor
-
skelatech 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 skelatech limited.
skelatech limited Companies House Filings - See Documents
| date | description | view/download |
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