zinc work limited
zinc work limited Company Information
Company Number
10961635
Website
-Registered Address
eastcastle house, 27-28 eastcastle street, london, W1W 8DH
Industry
Ready-made interactive leisure and entertainment software development
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
luke shipley 34.5%
charlotte lucy hall 17.6%
View Allzinc work limited Estimated Valuation
Pomanda estimates the enterprise value of ZINC WORK LIMITED at £2.7m based on a Turnover of £3.3m and 0.8x industry multiple (adjusted for size and gross margin).
zinc work limited Estimated Valuation
Pomanda estimates the enterprise value of ZINC WORK LIMITED at £0 based on an EBITDA of £-1.1m and a 4.99x industry multiple (adjusted for size and gross margin).
zinc work limited Estimated Valuation
Pomanda estimates the enterprise value of ZINC WORK LIMITED at £9.6m based on Net Assets of £5.1m and 1.88x industry multiple (adjusted for liquidity).
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Zinc Work Limited Overview
Zinc Work Limited is a live company located in london, W1W 8DH with a Companies House number of 10961635. It operates in the ready-made interactive leisure and entertainment software development sector, SIC Code 62011. Founded in September 2017, it's largest shareholder is luke shipley with a 34.5% stake. Zinc Work Limited is a young, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.
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Zinc Work Limited Health Check
Pomanda's financial health check has awarded Zinc Work Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£7.1m)
- Zinc Work Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (18.1%)
- Zinc Work Limited
18.1% - Industry AVG
Production
with a gross margin of 57.3%, this company has a comparable cost of product (57.3%)
- Zinc Work Limited
57.3% - Industry AVG
Profitability
an operating margin of -34.3% make it less profitable than the average company (5.8%)
- Zinc Work Limited
5.8% - Industry AVG
Employees
with 33 employees, this is below the industry average (42)
33 - Zinc Work Limited
42 - Industry AVG
Pay Structure
on an average salary of £61.8k, the company has an equivalent pay structure (£61.8k)
- Zinc Work Limited
£61.8k - Industry AVG
Efficiency
resulting in sales per employee of £100k, this is less efficient (£141.8k)
- Zinc Work Limited
£141.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (48 days)
- Zinc Work Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (29 days)
- Zinc Work Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Zinc Work Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2258 weeks, this is more cash available to meet short term requirements (18 weeks)
2258 weeks - Zinc Work Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2%, this is a lower level of debt than the average (42.2%)
2% - Zinc Work Limited
42.2% - Industry AVG
ZINC WORK LIMITED financials
Zinc Work Limited's latest turnover from September 2023 is estimated at £3.3 million and the company has net assets of £5.1 million. According to their latest financial statements, Zinc Work Limited has 33 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 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 | 33 | 10 | 6 | 4 | 7 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 43,147 | 22,162 | 3,404 | 2,796 | 4,449 | 6,103 |
| 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 | 43,147 | 22,162 | 3,404 | 2,796 | 4,449 | 6,103 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 460,953 | 135,225 | 35,341 | 61,190 | 43,538 | 27,344 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 113,378 | 6,116 | 0 | 0 | 0 | 0 |
| Cash | 4,590,493 | 996,074 | 71,007 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,164,824 | 1,137,415 | 106,348 | 61,190 | 43,538 | 27,344 |
| total assets | 5,207,971 | 1,159,577 | 109,752 | 63,986 | 47,987 | 33,447 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 217 | 85,566 | 56,340 | 47,380 | 71,775 | 95,499 |
| Group/Directors Accounts | 22,290 | 26,392 | 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 | 83,195 | 107,566 | 0 | 0 | 0 | 0 |
| total current liabilities | 105,702 | 219,524 | 56,340 | 47,380 | 71,775 | 95,499 |
| 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 | 0 | 0 | 95,000 | 95,000 | 0 | 278,199 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 95,000 | 95,000 | 0 | 278,199 |
| total liabilities | 105,702 | 219,524 | 151,340 | 142,380 | 71,775 | 373,698 |
| net assets | 5,102,269 | 940,053 | -41,588 | -78,394 | -23,788 | -340,251 |
| total shareholders funds | 5,102,269 | 940,053 | -41,588 | -78,394 | -23,788 | -340,251 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 8,888 | 1,721 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 432,990 | 106,000 | -25,849 | 17,652 | 16,194 | 27,344 |
| Creditors | -85,349 | 29,226 | 8,960 | -24,395 | -23,724 | 95,499 |
| Accruals and Deferred Income | -24,371 | 107,566 | 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 | -4,102 | 26,392 | 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 | 0 | -95,000 | 0 | 95,000 | -278,199 | 278,199 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 3,594,419 | 925,067 | 71,007 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,594,419 | 925,067 | 71,007 | 0 | 0 | 0 |
zinc work limited Credit Report and Business Information
Zinc Work Limited Competitor Analysis
Perform a competitor analysis for zinc work limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in W1W area or any other competitors across 12 key performance metrics.
zinc work limited Ownership
ZINC WORK LIMITED group structure
Zinc Work Limited has no subsidiary companies.
Ultimate parent company
ZINC WORK LIMITED
10961635
zinc work limited directors
Zinc Work Limited currently has 3 directors. The longest serving directors include Mr Luke Shipley (Sep 2017) and M Francois Robinet (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luke Shipley | United Kingdom | 34 years | Sep 2017 | - | Director |
| M Francois Robinet | France | 57 years | May 2023 | - | Director |
| Ms Charlotte Hall | United Kingdom | 36 years | May 2023 | - | Director |
P&L
September 2023turnover
3.3m
+168%
operating profit
-1.1m
0%
gross margin
57.3%
+17.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
5.1m
+4.43%
total assets
5.2m
+3.49%
cash
4.6m
+3.61%
net assets
Total assets minus all liabilities
zinc work limited company details
company number
10961635
Type
Private limited with Share Capital
industry
62011 - Ready-made interactive leisure and entertainment software development
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
r-block limited (July 2018)
accountant
JMK PROFESSIONAL SERVICES LTD
auditor
-
address
eastcastle house, 27-28 eastcastle street, london, W1W 8DH
Bank
-
Legal Advisor
-
zinc work 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 zinc work limited.
zinc work limited Companies House Filings - See Documents
| date | description | view/download |
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