ipsx uk limited
ipsx uk limited Company Information
Company Number
10519448
Next Accounts
8 days late
Shareholders
ipsx group limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
davidson house forbury square, reading, berkshire, RG1 3EU
Website
ipsx.comipsx uk limited Estimated Valuation
Pomanda estimates the enterprise value of IPSX UK LIMITED at £124.7k based on a Turnover of £229.3k and 0.54x industry multiple (adjusted for size and gross margin).
ipsx uk limited Estimated Valuation
Pomanda estimates the enterprise value of IPSX UK LIMITED at £0 based on an EBITDA of £-5.2m and a 3.98x industry multiple (adjusted for size and gross margin).
ipsx uk limited Estimated Valuation
Pomanda estimates the enterprise value of IPSX UK LIMITED at £6.8m based on Net Assets of £3.2m and 2.13x industry multiple (adjusted for liquidity).
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Ipsx Uk Limited Overview
Ipsx Uk Limited is a live company located in berkshire, RG1 3EU with a Companies House number of 10519448. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2016, it's largest shareholder is ipsx group limited with a 100% stake. Ipsx Uk Limited is a young, micro sized company, Pomanda has estimated its turnover at £229.3k with unknown growth in recent years.
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Ipsx Uk Limited Health Check
Pomanda's financial health check has awarded Ipsx Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £229.3k, make it smaller than the average company (£3.7m)
£229.3k - Ipsx Uk Limited
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ipsx Uk Limited
- - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
38.1% - Ipsx Uk Limited
38.1% - Industry AVG
Profitability
an operating margin of -2258.7% make it less profitable than the average company (6.3%)
-2258.7% - Ipsx Uk Limited
6.3% - Industry AVG
Employees
with 21 employees, this is similar to the industry average (23)
21 - Ipsx Uk Limited
23 - Industry AVG
Pay Structure
on an average salary of £118.2k, the company has a higher pay structure (£48.4k)
£118.2k - Ipsx Uk Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £10.9k, this is less efficient (£153.9k)
£10.9k - Ipsx Uk Limited
£153.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ipsx Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 661 days, this is slower than average (33 days)
661 days - Ipsx Uk Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ipsx Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 287 weeks, this is more cash available to meet short term requirements (24 weeks)
287 weeks - Ipsx Uk Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.8%, this is a lower level of debt than the average (61.5%)
16.8% - Ipsx Uk Limited
61.5% - Industry AVG
IPSX UK LIMITED financials
Ipsx Uk Limited's latest turnover from June 2023 is £229.3 thousand and the company has net assets of £3.2 million. According to their latest financial statements, Ipsx Uk Limited has 21 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 229,253 | 107,206 | 167,844 | 31,500 | ||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -5,178,050 | -4,099,631 | -4,424,886 | -4,446,606 | ||
| Interest Payable | 635 | 15 | 192,220 | 154,081 | ||
| Interest Receivable | 92,770 | 19,976 | 42,597 | 46,838 | ||
| Pre-Tax Profit | -5,085,915 | -4,763,953 | -4,574,509 | -4,553,849 | ||
| Tax | -14,445 | 205,773 | ||||
| Profit After Tax | -5,085,915 | -4,763,953 | -4,588,954 | -4,348,076 | ||
| Dividends Paid | ||||||
| Retained Profit | -5,085,915 | -4,763,953 | -4,588,954 | -4,348,076 | ||
| Employee Costs | 2,482,120 | 1,504,560 | 1,559,937 | 1,885,077 | ||
| Number Of Employees | 21 | 10 | 12 | 15 | ||
| EBITDA* | -5,178,050 | -4,099,631 | -4,424,886 | -4,446,606 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | 684,283 | 684,283 | ||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 684,283 | 684,283 | ||||
| Stock & work in progress | ||||||
| Trade Debtors | ||||||
| Group Debtors | ||||||
| Misc Debtors | 274,772 | 51,900 | 34,547 | 264,269 | 100 | |
| Cash | 3,540,540 | 6,543,920 | 4,715,762 | 7,080,904 | ||
| misc current assets | ||||||
| total current assets | 3,815,312 | 6,595,820 | 4,750,309 | 7,345,173 | 100 | |
| total assets | 3,815,312 | 6,595,820 | 5,434,592 | 8,029,456 | 100 | |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 257,386 | 137,683 | 940 | 21,341 | ||
| Group/Directors Accounts | 3,718 | 498,368 | 26,772 | 785,054 | ||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 378,701 | 248,347 | 81,505 | 193,887 | ||
| total current liabilities | 639,805 | 884,398 | 109,217 | 1,000,282 | ||
| loans | 5,475,000 | |||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 5,475,000 | |||||
| total liabilities | 639,805 | 884,398 | 109,217 | 6,475,282 | ||
| net assets | 3,175,507 | 5,711,422 | 5,325,375 | 1,554,174 | 100 | |
| total shareholders funds | 3,175,507 | 5,711,422 | 5,325,375 | 1,554,174 | 100 |
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -5,178,050 | -4,099,631 | -4,424,886 | -4,446,606 | ||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | -14,445 | 205,773 | ||||
| Stock | ||||||
| Debtors | 222,872 | 17,353 | 34,547 | 264,169 | 100 | |
| Creditors | 119,703 | 136,743 | 940 | 21,341 | ||
| Accruals and Deferred Income | 130,354 | 166,842 | 81,505 | 193,887 | ||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | -5,150,865 | -3,813,399 | -4,391,433 | -4,289,774 | -100 | |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -494,650 | 471,596 | 26,772 | 785,054 | ||
| Other Short Term Loans | ||||||
| Long term loans | 5,475,000 | |||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | 92,135 | 19,961 | -149,623 | -107,243 | ||
| cash flow from financing | 2,147,485 | 5,641,557 | 9,791,478 | 12,054,961 | 100 | |
| cash and cash equivalents | ||||||
| cash | -3,003,380 | 1,828,158 | 4,715,762 | 7,080,904 | ||
| overdraft | ||||||
| change in cash | -3,003,380 | 1,828,158 | 4,715,762 | 7,080,904 |
ipsx uk limited Credit Report and Business Information
Ipsx Uk Limited Competitor Analysis
Perform a competitor analysis for ipsx uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.
ipsx uk limited Ownership
IPSX UK LIMITED group structure
Ipsx Uk Limited has no subsidiary companies.
ipsx uk limited directors
Ipsx Uk Limited currently has 2 directors. The longest serving directors include Mr Michael Higgins (Apr 2017) and Mr Mike Coker (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Higgins | England | 68 years | Apr 2017 | - | Director |
| Mr Mike Coker | England | 44 years | May 2020 | - | Director |
P&L
June 2023turnover
229.3k
+114%
operating profit
-5.2m
+26%
gross margin
38.1%
-0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.2m
-0.44%
total assets
3.8m
-0.42%
cash
3.5m
-0.46%
net assets
Total assets minus all liabilities
Similar Companies
ipsx uk limited company details
company number
10519448
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
RAWLINSON & HUNTER LLP
auditor
-
address
davidson house forbury square, reading, berkshire, RG1 3EU
Bank
-
Legal Advisor
-
ipsx uk 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 ipsx uk limited.
ipsx uk 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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ipsx uk limited Companies House Filings - See Documents
| date | description | view/download |
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