arete ventures limited
arete ventures limited Company Information
Company Number
10582092
Website
https://www.areteven.comRegistered Address
7-9 the avenue, eastbourne, east sussex, BN21 3YA
Industry
Dental practice activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Adedamola Awe7 Years
Shareholders
nyimeobari temiloluwa zoe awe 50%
adedamola ayodeji awe 50%
arete ventures limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE VENTURES LIMITED at £582.7k based on a Turnover of £1m and 0.57x industry multiple (adjusted for size and gross margin).
arete ventures limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE VENTURES LIMITED at £0 based on an EBITDA of £-14.9k and a 4.07x industry multiple (adjusted for size and gross margin).
arete ventures limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE VENTURES LIMITED at £128.6k based on Net Assets of £44.5k and 2.89x industry multiple (adjusted for liquidity).
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Arete Ventures Limited Overview
Arete Ventures Limited is a live company located in east sussex, BN21 3YA with a Companies House number of 10582092. It operates in the dental practice activities sector, SIC Code 86230. Founded in January 2017, it's largest shareholder is nyimeobari temiloluwa zoe awe with a 50% stake. Arete Ventures Limited is a young, small sized company, Pomanda has estimated its turnover at £1m with rapid growth in recent years.
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Arete Ventures Limited Health Check
Pomanda's financial health check has awarded Arete Ventures Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £1m, make it in line with the average company (£925.6k)
- Arete Ventures Limited
£925.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (2.6%)
- Arete Ventures Limited
2.6% - Industry AVG
Production
with a gross margin of 43.1%, this company has a comparable cost of product (49%)
- Arete Ventures Limited
49% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (7.7%)
- Arete Ventures Limited
7.7% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (11)
- Arete Ventures Limited
11 - Industry AVG
Pay Structure
on an average salary of £19.9k, the company has an equivalent pay structure (£19.9k)
- Arete Ventures Limited
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £114.5k, this is more efficient (£84.5k)
- Arete Ventures Limited
£84.5k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is later than average (7 days)
- Arete Ventures Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (25 days)
- Arete Ventures Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Arete Ventures Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Arete Ventures Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.3%, this is a lower level of debt than the average (52.9%)
47.3% - Arete Ventures Limited
52.9% - Industry AVG
ARETE VENTURES LIMITED financials
Arete Ventures Limited's latest turnover from March 2023 is estimated at £1 million and the company has net assets of £44.5 thousand. According to their latest financial statements, we estimate that Arete Ventures Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,836 | 2,449 | 2,636 | 2,377 | 3,169 | 2,297 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,836 | 2,449 | 2,636 | 2,377 | 3,169 | 2,297 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 82,615 | 108,183 | 56,363 | 22,715 | 17,396 | 18,352 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 82,615 | 108,183 | 56,363 | 22,715 | 17,396 | 18,352 |
| total assets | 84,451 | 110,632 | 58,999 | 25,092 | 20,565 | 20,649 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 28,194 | 34,961 | 24,533 | 25,049 | 20,347 | 20,495 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 28,194 | 34,961 | 24,533 | 25,049 | 20,347 | 20,495 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 11,750 | 16,250 | 20,833 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,750 | 16,250 | 20,833 | 0 | 0 | 0 |
| total liabilities | 39,944 | 51,211 | 45,366 | 25,049 | 20,347 | 20,495 |
| net assets | 44,507 | 59,421 | 13,633 | 43 | 218 | 154 |
| total shareholders funds | 44,507 | 59,421 | 13,633 | 43 | 218 | 154 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -25,568 | 51,820 | 33,648 | 5,319 | -956 | 18,352 |
| Creditors | -6,767 | 10,428 | -516 | 4,702 | -148 | 20,495 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,500 | -4,583 | 20,833 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
arete ventures limited Credit Report and Business Information
Arete Ventures Limited Competitor Analysis
Perform a competitor analysis for arete ventures limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in BN21 area or any other competitors across 12 key performance metrics.
arete ventures limited Ownership
ARETE VENTURES LIMITED group structure
Arete Ventures Limited has no subsidiary companies.
Ultimate parent company
ARETE VENTURES LIMITED
10582092
arete ventures limited directors
Arete Ventures Limited currently has 1 director, Mr Adedamola Awe serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adedamola Awe | United Kingdom | 36 years | Jan 2017 | - | Director |
P&L
March 2023turnover
1m
-15%
operating profit
-14.9k
0%
gross margin
43.1%
+0.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
44.5k
-0.25%
total assets
84.5k
-0.24%
cash
0
0%
net assets
Total assets minus all liabilities
arete ventures limited company details
company number
10582092
Type
Private limited with Share Capital
industry
86230 - Dental practice activities
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
7-9 the avenue, eastbourne, east sussex, BN21 3YA
Bank
-
Legal Advisor
-
arete ventures 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 arete ventures limited.
arete ventures limited Companies House Filings - See Documents
| date | description | view/download |
|---|
