ilke homes limited

Live (In Liquidation)YoungMidRapid

ilke homes limited Company Information

Share ILKE HOMES LIMITED

Company Number

10909968

Directors

Giles Carter

Ed Hawkes

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Shareholders

ilke homes holdings limited

Group Structure

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Industry

Other manufacturing n.e.c.

 

Registered Address

c/o alixpartners uk llp, 6, new street square, london, EC4A 3BF

ilke homes limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ILKE HOMES LIMITED at £0 based on a Turnover of £12.7m and -0.93x industry multiple (adjusted for size and gross margin).

ilke homes limited Estimated Valuation

£190.5m

Pomanda estimates the enterprise value of ILKE HOMES LIMITED at £190.5m based on an EBITDA of £-29.6m and a -6.44x industry multiple (adjusted for size and gross margin).

ilke homes limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ILKE HOMES LIMITED at £0 based on Net Assets of £-46.1m and 2.19x industry multiple (adjusted for liquidity).

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Ilke Homes Limited Overview

Ilke Homes Limited is a live company located in london, EC4A 3BF with a Companies House number of 10909968. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 2017, it's largest shareholder is ilke homes holdings limited with a 100% stake. Ilke Homes Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.7m with rapid growth in recent years.

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Ilke Homes Limited Health Check

Pomanda's financial health check has awarded Ilke Homes Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £12.7m, make it in line with the average company (£10.7m)

£12.7m - Ilke Homes Limited

£10.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 265%, show it is growing at a faster rate (0.2%)

265% - Ilke Homes Limited

0.2% - Industry AVG

production

Production

with a gross margin of -94.8%, this company has a higher cost of product (28.3%)

-94.8% - Ilke Homes Limited

28.3% - Industry AVG

profitability

Profitability

an operating margin of -256.3% make it less profitable than the average company (4.9%)

-256.3% - Ilke Homes Limited

4.9% - Industry AVG

employees

Employees

with 499 employees, this is above the industry average (72)

499 - Ilke Homes Limited

72 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.4k, the company has a lower pay structure (£36.6k)

£27.4k - Ilke Homes Limited

£36.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £25.4k, this is less efficient (£141.3k)

£25.4k - Ilke Homes Limited

£141.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is near the average (56 days)

48 days - Ilke Homes Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (42 days)

49 days - Ilke Homes Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 113 days, this is more than average (60 days)

113 days - Ilke Homes Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (17 weeks)

7 weeks - Ilke Homes Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 244.8%, this is a higher level of debt than the average (51.1%)

244.8% - Ilke Homes Limited

51.1% - Industry AVG

ILKE HOMES LIMITED financials

EXPORTms excel logo

Ilke Homes Limited's latest turnover from March 2021 is £12.7 million and the company has net assets of -£46.1 million. According to their latest financial statements, Ilke Homes Limited has 499 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2021Mar 2020Mar 2019Mar 2018
Turnover12,652,0008,341,0002,650,000260,000
Other Income Or Grants
Cost Of Sales24,650,00018,993,0007,932,0002,169,000
Gross Profit-11,998,000-10,652,000-5,282,000-1,909,000
Admin Expenses20,431,00020,462,00016,074,0005,644,000
Operating Profit-32,429,000-31,114,000-21,356,000-7,553,000
Interest Payable1,504,0001,319,0001,006,000150,000
Interest Receivable
Pre-Tax Profit-33,933,000-32,433,000-22,362,000-7,703,000
Tax
Profit After Tax-33,933,000-32,433,000-22,362,000-7,703,000
Dividends Paid
Retained Profit-33,933,000-32,433,000-22,362,000-7,703,000
Employee Costs13,678,00016,219,0005,736,0001,240,000
Number Of Employees49952422237
EBITDA*-29,565,000-29,549,000-21,090,000-7,539,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets12,957,00013,146,0002,489,000124,000
Intangible Assets4,497,0004,672,0001,711,00027,000
Investments & Other
Debtors (Due After 1 year)932,000562,0007,288,000250,000
Total Fixed Assets18,386,00018,380,00011,488,000401,000
Stock & work in progress7,653,0006,718,0002,435,000456,000
Trade Debtors1,675,0002,039,0001,776,00010,000
Group Debtors569,000457,000
Misc Debtors1,414,0002,580,0002,422,000959,000
Cash2,135,0001,392,0008,522,0004,295,000
misc current assets
total current assets13,446,00013,186,00015,155,0005,720,000
total assets31,832,00031,566,00026,643,0006,121,000
Bank overdraft
Bank loan
Trade Creditors 3,369,0002,835,0003,105,000678,000
Group/Directors Accounts19,000,000230,000
other short term finances
hp & lease commitments457,000316,000
other current liabilities11,388,0006,383,0003,298,000954,000
total current liabilities15,214,00028,534,0006,633,0001,632,000
loans55,022,0008,158,0002,336,0001,899,000
hp & lease commitments7,688,0007,033,0007,542,000
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities62,710,00015,191,0009,878,0001,899,000
total liabilities77,924,00043,725,00016,511,0003,531,000
net assets-46,092,000-12,159,00010,132,0002,590,000
total shareholders funds-46,092,000-12,159,00010,132,0002,590,000
Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit-32,429,000-31,114,000-21,356,000-7,553,000
Depreciation2,010,0001,204,000254,00013,000
Amortisation854,000361,00012,0001,000
Tax
Stock935,0004,283,0001,979,000456,000
Debtors-1,048,000-5,848,00010,267,0001,219,000
Creditors534,000-270,0002,427,000678,000
Accruals and Deferred Income5,005,0003,085,0002,344,000954,000
Deferred Taxes & Provisions
Cash flow from operations-23,913,000-25,169,000-28,565,000-7,582,000
Investing Activities
capital expenditure-2,500,000-15,183,000-4,315,000-165,000
Change in Investments
cash flow from investments-2,500,000-15,183,000-4,315,000-165,000
Financing Activities
Bank loans
Group/Directors Accounts-19,000,00018,770,000230,000
Other Short Term Loans
Long term loans46,864,0005,822,000437,0001,899,000
Hire Purchase and Lease Commitments796,000-193,0007,542,000
other long term liabilities
share issue10,142,00029,904,00010,293,000
interest-1,504,000-1,319,000-1,006,000-150,000
cash flow from financing27,156,00033,222,00037,107,00012,042,000
cash and cash equivalents
cash743,000-7,130,0004,227,0004,295,000
overdraft
change in cash743,000-7,130,0004,227,0004,295,000

ilke homes limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ilke Homes Limited Competitor Analysis

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Perform a competitor analysis for ilke homes limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC4A area or any other competitors across 12 key performance metrics.

ilke homes limited Ownership

ILKE HOMES LIMITED group structure

Ilke Homes Limited has no subsidiary companies.

Ultimate parent company

WHITEHORSE HOLDING SARL

#0112007

2 parents

ILKE HOMES LIMITED

10909968

ILKE HOMES LIMITED Shareholders

ilke homes holdings limited 100%

ilke homes limited directors

Ilke Homes Limited currently has 7 directors. The longest serving directors include Mr Giles Carter (Aug 2017) and Mr Ed Hawkes (Oct 2017).

officercountryagestartendrole
Mr Giles Carter46 years Aug 2017- Director
Mr Ed HawkesUnited Kingdom48 years Oct 2017- Director
Mr Stephen Robertson64 years Oct 2017- Director
Mr David SheridanEngland62 years Feb 2019- Director
Mr Jonathan Mitchell40 years Feb 2020- Director
Mr Patrick Bergin59 years Jan 2022- Director
Mr Vikram Kumar43 years Nov 2022- Director

P&L

March 2021

turnover

12.7m

+52%

operating profit

-32.4m

+4%

gross margin

-94.8%

-25.74%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2021

net assets

-46.1m

+2.79%

total assets

31.8m

+0.01%

cash

2.1m

+0.53%

net assets

Total assets minus all liabilities

ilke homes limited company details

company number

10909968

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

August 2017

age

8

incorporated

UK

ultimate parent company

WHITEHORSE HOLDING SARL

accounts

Full Accounts

last accounts submitted

March 2021

previous names

N/A

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

c/o alixpartners uk llp, 6, new street square, london, EC4A 3BF

Bank

-

Legal Advisor

-

ilke homes 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 found 5 charges/mortgages relating to ilke homes limited. Currently there are 4 open charges and 1 have been satisfied in the past.

ilke homes 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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ilke homes limited Companies House Filings - See Documents

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