ikon residence ltd
ikon residence ltd Company Information
Company Number
10912281
Next Accounts
May 2025
Shareholders
gurpinder kang
amritpal sall
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
86-90 3rd floor, 86-90 paul street, london, EC2A 4NE
Website
ikonresidence.comikon residence ltd Estimated Valuation
Pomanda estimates the enterprise value of IKON RESIDENCE LTD at £475.7k based on a Turnover of £1.3m and 0.37x industry multiple (adjusted for size and gross margin).
ikon residence ltd Estimated Valuation
Pomanda estimates the enterprise value of IKON RESIDENCE LTD at £561.7k based on an EBITDA of £167.2k and a 3.36x industry multiple (adjusted for size and gross margin).
ikon residence ltd Estimated Valuation
Pomanda estimates the enterprise value of IKON RESIDENCE LTD at £46.5k based on Net Assets of £34.7k and 1.34x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ikon Residence Ltd Overview
Ikon Residence Ltd is a live company located in london, EC2A 4NE with a Companies House number of 10912281. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in August 2017, it's largest shareholder is gurpinder kang with a 50% stake. Ikon Residence Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ikon Residence Ltd Health Check
Pomanda's financial health check has awarded Ikon Residence Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £1.3m, make it larger than the average company (£463.7k)
- Ikon Residence Ltd
£463.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.5%)
- Ikon Residence Ltd
8.5% - Industry AVG
Production
with a gross margin of 20.8%, this company has a comparable cost of product (20.8%)
- Ikon Residence Ltd
20.8% - Industry AVG
Profitability
an operating margin of 12.3% make it more profitable than the average company (5.6%)
- Ikon Residence Ltd
5.6% - Industry AVG
Employees
with 7 employees, this is above the industry average (3)
- Ikon Residence Ltd
3 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Ikon Residence Ltd
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £181.8k, this is equally as efficient (£205.9k)
- Ikon Residence Ltd
£205.9k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (26 days)
- Ikon Residence Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (30 days)
- Ikon Residence Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 807 days, this is more than average (263 days)
- Ikon Residence Ltd
263 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Ikon Residence Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.9%, this is a higher level of debt than the average (72.8%)
98.9% - Ikon Residence Ltd
72.8% - Industry AVG
IKON RESIDENCE LTD financials
Ikon Residence Ltd's latest turnover from August 2023 is estimated at £1.3 million and the company has net assets of £34.7 thousand. According to their latest financial statements, we estimate that Ikon Residence Ltd has 7 employees and maintains cash reserves of £63.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 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 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 12,037 | 21,719 | 44,562 | 59,240 | ||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 12,037 | 21,719 | 44,562 | 59,240 | ||
| Stock & work in progress | 2,230,000 | 3,371,000 | 3,200,000 | 1,900,000 | 964,024 | |
| Trade Debtors | 4,776 | |||||
| Group Debtors | ||||||
| Misc Debtors | 761,019 | 244,117 | 232,769 | 87,062 | 3,248 | 2 |
| Cash | 63,188 | 392,355 | 3,845 | 186,997 | 2,015 | |
| misc current assets | ||||||
| total current assets | 3,058,983 | 4,007,472 | 3,436,614 | 2,174,059 | 969,287 | 2 |
| total assets | 3,071,020 | 4,029,191 | 3,481,176 | 2,233,299 | 969,287 | 2 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 184,120 | 33,016 | 66,821 | 66,821 | 2,309 | |
| Group/Directors Accounts | 668,920 | |||||
| other short term finances | ||||||
| hp & lease commitments | 16,025 | 16,065 | 16,310 | |||
| other current liabilities | 2,203,250 | 1,611,812 | 2,080,758 | 1,799,549 | 301,398 | |
| total current liabilities | 2,387,370 | 1,660,853 | 2,163,644 | 1,882,680 | 972,627 | |
| loans | 644,832 | 2,330,224 | 1,270,113 | 303,590 | ||
| hp & lease commitments | 16,125 | 32,190 | ||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 4,133 | 4,133 | ||||
| total long term liabilities | 648,965 | 2,334,357 | 1,286,238 | 335,780 | ||
| total liabilities | 3,036,335 | 3,995,210 | 3,449,882 | 2,218,460 | 972,627 | |
| net assets | 34,685 | 33,981 | 31,294 | 14,839 | -3,340 | 2 |
| total shareholders funds | 34,685 | 33,981 | 31,294 | 14,839 | -3,340 | 2 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 10,848 | 10,843 | 14,843 | 14,810 | ||
| Amortisation | ||||||
| Tax | ||||||
| Stock | -1,141,000 | 171,000 | 1,300,000 | 935,976 | 964,024 | |
| Debtors | 521,678 | 11,348 | 145,707 | 83,814 | 3,246 | 2 |
| Creditors | 151,104 | -33,805 | 64,512 | 2,309 | ||
| Accruals and Deferred Income | 591,438 | -468,946 | 281,209 | 1,498,151 | 301,398 | |
| Deferred Taxes & Provisions | 4,133 | |||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -668,920 | 668,920 | ||||
| Other Short Term Loans | ||||||
| Long term loans | -1,685,392 | 1,060,111 | 966,523 | 303,590 | ||
| Hire Purchase and Lease Commitments | -16,025 | -16,165 | -16,310 | 48,500 | ||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -329,167 | 388,510 | -183,152 | 184,982 | 2,015 | |
| overdraft | ||||||
| change in cash | -329,167 | 388,510 | -183,152 | 184,982 | 2,015 |
ikon residence ltd Credit Report and Business Information
Ikon Residence Ltd Competitor Analysis
Perform a competitor analysis for ikon residence ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
ikon residence ltd Ownership
IKON RESIDENCE LTD group structure
Ikon Residence Ltd has no subsidiary companies.
Ultimate parent company
IKON RESIDENCE LTD
10912281
ikon residence ltd directors
Ikon Residence Ltd currently has 3 directors. The longest serving directors include Mr Amritpal Sall (Aug 2017) and Mr Gurpinder Kang (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Amritpal Sall | England | 41 years | Aug 2017 | - | Director |
| Mr Gurpinder Kang | England | 44 years | Aug 2017 | - | Director |
| Mr Andrew Dolman | England | 52 years | Jun 2021 | - | Director |
P&L
August 2023turnover
1.3m
-16%
operating profit
156.3k
0%
gross margin
20.9%
+0.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
34.7k
+0.02%
total assets
3.1m
-0.24%
cash
63.2k
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
ikon residence ltd company details
company number
10912281
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
alpha link ltd (October 2018)
accountant
SHELVOKE PICKERING JANNEY LLP
auditor
-
address
86-90 3rd floor, 86-90 paul street, london, EC2A 4NE
Bank
-
Legal Advisor
-
ikon residence 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 5 charges/mortgages relating to ikon residence ltd. Currently there are 3 open charges and 2 have been satisfied in the past.
ikon residence 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.
Click to start generating capital raising & share issue transactions for IKON RESIDENCE LTD. This can take several minutes, an email will notify you when this has completed.
ikon residence ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
