Pomanda estimates the enterprise value of CORE INVOICING SOLUTIONS LTD at £470.7k based on a Turnover of £3.6m and 0.13x industry multiple (adjusted for size and gross margin).
core invoicing solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of CORE INVOICING SOLUTIONS LTD at £0 based on an EBITDA of £-5.3k and a 2.34x industry multiple (adjusted for size and gross margin).
core invoicing solutions ltdEstimated Valuation
£179.6k
Pomanda estimates the enterprise value of CORE INVOICING SOLUTIONS LTD at £179.6k based on Net Assets of £140.5k and 1.28x industry multiple (adjusted for liquidity).
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Core Invoicing Solutions LtdOverview
Core Invoicing Solutions Ltd is a live company located in rochester, ME2 4NZ with a Companies House number of 10745091. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 2017, it's largest shareholder is
kevin rice
with a 100% stake. Core Invoicing Solutions Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Core Invoicing Solutions Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£6.7m)
£3.6m - Core Invoicing Solutions Ltd
£6.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 112%, show it is growing at a faster rate (4.2%)
112% - Core Invoicing Solutions Ltd
4.2% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (25.4%)
13.8% - Core Invoicing Solutions Ltd
25.4% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (4.7%)
-0.1% - Core Invoicing Solutions Ltd
4.7% - Industry AVG
Employees
with 10 employees, this is below the industry average (36)
10 - Core Invoicing Solutions Ltd
36 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
£51.9k - Core Invoicing Solutions Ltd
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £356.7k, this is more efficient (£169.5k)
£356.7k - Core Invoicing Solutions Ltd
£169.5k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (47 days)
62 days - Core Invoicing Solutions Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (9 days)
52 days - Core Invoicing Solutions Ltd
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Core Invoicing Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Core Invoicing Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (66.6%)
77.1% - Core Invoicing Solutions Ltd
66.6% - Industry AVG
CORE INVOICING SOLUTIONS LTD financials
EXPORT
Core Invoicing Solutions Ltd's latest turnover from April 2023 is estimated at £3.6 million and the company has net assets of £140.5 thousand. According to their latest financial statements, we estimate that Core Invoicing Solutions Ltd has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Turnover
3,566,642
2,868,082
1,194,212
375,508
265,542
138,334
Other Income Or Grants
Cost Of Sales
3,074,794
2,476,052
1,046,177
323,460
230,536
120,453
Gross Profit
491,848
392,030
148,034
52,048
35,006
17,882
Admin Expenses
497,106
307,563
112,277
27,276
8,359
10,164
Operating Profit
-5,258
84,467
35,757
24,772
26,647
7,718
Interest Payable
Interest Receivable
28
447
160
Pre-Tax Profit
-5,258
84,467
35,757
24,800
27,094
7,878
Tax
-16,049
-6,794
-4,712
-5,148
-1,497
Profit After Tax
-5,258
68,418
28,963
20,088
21,946
6,381
Dividends Paid
Retained Profit
-5,258
68,418
28,963
20,088
21,946
6,381
Employee Costs
519,231
384,993
210,626
218,221
45,369
42,226
Number Of Employees
10
8
5
5
1
1
EBITDA*
-5,258
84,467
35,757
24,772
26,647
7,718
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Tangible Assets
Intangible Assets
Investments & Other
28,154
Debtors (Due After 1 year)
Total Fixed Assets
28,154
Stock & work in progress
Trade Debtors
612,787
535,324
251,802
79,876
12,128
3,636
Group Debtors
Misc Debtors
100
100
Cash
55,372
63,903
misc current assets
27,499
12,898
total current assets
612,787
535,324
251,802
79,876
95,099
80,537
total assets
612,787
535,324
251,802
79,876
123,253
80,537
Bank overdraft
Bank loan
Trade Creditors
439,122
389,528
174,424
31,461
94,826
47,670
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
26,386
total current liabilities
439,122
389,528
174,424
31,461
94,826
74,056
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
33,127
provisions
total long term liabilities
33,127
total liabilities
472,249
389,528
174,424
31,461
94,826
74,056
net assets
140,538
145,796
77,378
48,415
28,427
6,481
total shareholders funds
140,538
145,796
77,378
48,415
28,427
6,481
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Operating Activities
Operating Profit
-5,258
84,467
35,757
24,772
26,647
7,718
Depreciation
Amortisation
Tax
-16,049
-6,794
-4,712
-5,148
-1,497
Stock
Debtors
77,463
283,522
171,926
67,648
8,492
3,736
Creditors
49,594
215,104
142,963
-63,365
47,156
47,670
Accruals and Deferred Income
-26,386
26,386
Deferred Taxes & Provisions
Cash flow from operations
-33,127
-110,953
33,777
76,541
Investing Activities
capital expenditure
Change in Investments
-28,154
28,154
cash flow from investments
28,154
-28,154
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
33,127
share issue
-100
100
interest
28
447
160
cash flow from financing
33,127
-72
447
260
cash and cash equivalents
cash
-55,372
-8,531
63,903
overdraft
change in cash
-55,372
-8,531
63,903
core invoicing solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for core invoicing solutions ltd. Get real-time insights into core invoicing solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for core invoicing solutions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in ME2 area or any other competitors across 12 key performance metrics.
core invoicing solutions ltd Ownership
CORE INVOICING SOLUTIONS LTD group structure
Core Invoicing Solutions Ltd has no subsidiary companies.
Ultimate parent company
CORE INVOICING SOLUTIONS LTD
10745091
CORE INVOICING SOLUTIONS LTD Shareholders
The sole shareholder of Core Invoicing Solutions Ltd is Kevin Rice.
kevin rice
100%
core invoicing solutions ltd directors
Core Invoicing Solutions Ltd currently has 1 director, Mr Darren Fields serving since Jul 2023.
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 core invoicing solutions ltd.
core invoicing solutions ltd Capital Raised & Share Issues BETA
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core invoicing solutions ltdCompanies House Filings - See Documents
