virtual works 360 ltd
virtual works 360 ltd Company Information
Company Number
10814230
Next Accounts
Sep 2025
Directors
Shareholders
accord management ltd
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
unit -8 unit 8 blenheim court, brownfields, welwyn garden city, AL7 1AD
Website
virtualworks360.comvirtual works 360 ltd Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL WORKS 360 LTD at £2.1m based on a Turnover of £2.7m and 0.77x industry multiple (adjusted for size and gross margin).
virtual works 360 ltd Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL WORKS 360 LTD at £1.7m based on an EBITDA of £335.3k and a 5.22x industry multiple (adjusted for size and gross margin).
virtual works 360 ltd Estimated Valuation
Pomanda estimates the enterprise value of VIRTUAL WORKS 360 LTD at £2.4m based on Net Assets of £1.1m and 2.25x industry multiple (adjusted for liquidity).
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Virtual Works 360 Ltd Overview
Virtual Works 360 Ltd is a live company located in welwyn garden city, AL7 1AD with a Companies House number of 10814230. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 2017, it's largest shareholder is accord management ltd with a 100% stake. Virtual Works 360 Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.
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Virtual Works 360 Ltd Health Check
Pomanda's financial health check has awarded Virtual Works 360 Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£7.4m)
- Virtual Works 360 Ltd
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8%)
- Virtual Works 360 Ltd
8% - Industry AVG
Production
with a gross margin of 51.5%, this company has a comparable cost of product (51.5%)
- Virtual Works 360 Ltd
51.5% - Industry AVG
Profitability
an operating margin of 12.4% make it more profitable than the average company (3.5%)
- Virtual Works 360 Ltd
3.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (43)
2 - Virtual Works 360 Ltd
43 - Industry AVG
Pay Structure
on an average salary of £74.4k, the company has an equivalent pay structure (£74.4k)
- Virtual Works 360 Ltd
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£178.4k)
- Virtual Works 360 Ltd
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (52 days)
- Virtual Works 360 Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 177 days, this is slower than average (33 days)
- Virtual Works 360 Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 704 days, this is more than average (16 days)
- Virtual Works 360 Ltd
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (14 weeks)
11 weeks - Virtual Works 360 Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.4%, this is a similar level of debt than the average (64.7%)
64.4% - Virtual Works 360 Ltd
64.7% - Industry AVG
VIRTUAL WORKS 360 LTD financials
Virtual Works 360 Ltd's latest turnover from December 2023 is estimated at £2.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Virtual Works 360 Ltd has 2 employees and maintains cash reserves of £286.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 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 | 2 | 2 | 7 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | ||||||
| Stock & work in progress | 2,526,854 | 1,828,612 | 1,095,233 | 900,197 | 648,764 | |
| Trade Debtors | 228,475 | 499,161 | 285,511 | 752,239 | 1,148,000 | |
| Group Debtors | ||||||
| Misc Debtors | 11,474 | 5,960 | 17,170 | 100 | 100 | |
| Cash | 286,082 | 334,176 | 742,780 | 108,075 | 148,124 | |
| misc current assets | 84 | |||||
| total current assets | 3,052,969 | 2,667,909 | 2,140,694 | 1,760,511 | 1,944,988 | 100 |
| total assets | 3,052,969 | 2,667,909 | 2,140,694 | 1,760,511 | 1,944,988 | 100 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 636,358 | 937,377 | 650,783 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 682,618 | 715,799 | 685,727 | 300 | ||
| total current liabilities | 1,318,976 | 1,653,176 | 1,336,510 | 300 | ||
| loans | 647,204 | 157,659 | 206,031 | |||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 1,469,682 | 1,901,783 | ||||
| provisions | ||||||
| total long term liabilities | 647,204 | 157,659 | 206,031 | 1,469,682 | 1,901,783 | |
| total liabilities | 1,966,180 | 1,810,835 | 1,542,541 | 1,469,682 | 1,901,783 | 300 |
| net assets | 1,086,789 | 857,074 | 598,153 | 290,829 | 43,205 | -200 |
| total shareholders funds | 1,086,789 | 857,074 | 598,153 | 290,829 | 43,205 | -200 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 698,242 | 733,379 | 195,036 | 251,433 | 648,764 | |
| Debtors | -265,172 | 202,440 | -449,558 | -395,861 | 1,148,000 | 100 |
| Creditors | -301,019 | 286,594 | 650,783 | |||
| Accruals and Deferred Income | -33,181 | 30,072 | 685,727 | -300 | 300 | |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | 489,545 | -48,372 | 206,031 | |||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -1,469,682 | -432,101 | 1,901,783 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -48,094 | -408,604 | 634,705 | -40,049 | 148,124 | |
| overdraft | ||||||
| change in cash | -48,094 | -408,604 | 634,705 | -40,049 | 148,124 |
virtual works 360 ltd Credit Report and Business Information
Virtual Works 360 Ltd Competitor Analysis
Perform a competitor analysis for virtual works 360 ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in AL7 area or any other competitors across 12 key performance metrics.
virtual works 360 ltd Ownership
VIRTUAL WORKS 360 LTD group structure
Virtual Works 360 Ltd has no subsidiary companies.
virtual works 360 ltd directors
Virtual Works 360 Ltd currently has 1 director, Mrs Rinkle Buddhadev serving since Jun 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Rinkle Buddhadev | England | 37 years | Jun 2017 | - | Director |
P&L
December 2023turnover
2.7m
-18%
operating profit
335.3k
0%
gross margin
51.5%
-1.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.1m
+0.27%
total assets
3.1m
+0.14%
cash
286.1k
-0.14%
net assets
Total assets minus all liabilities
Similar Companies
virtual works 360 ltd company details
company number
10814230
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
GLOBAL ACCOUNTANT TD
auditor
-
address
unit -8 unit 8 blenheim court, brownfields, welwyn garden city, AL7 1AD
Bank
-
Legal Advisor
-
virtual works 360 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 2 charges/mortgages relating to virtual works 360 ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
virtual works 360 ltd 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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virtual works 360 ltd Companies House Filings - See Documents
| date | description | view/download |
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