pace media development limited
pace media development limited Company Information
Company Number
11070123
Website
-Registered Address
the barn brighton road, lower beeding, horsham, west sussex, RH13 6PT
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Directors
Ryan Scarratt6 Years
Shareholders
martin arnold schroeder 60%
ryan scarratt 40%
pace media development limited Estimated Valuation
Pomanda estimates the enterprise value of PACE MEDIA DEVELOPMENT LIMITED at £90.7k based on a Turnover of £117.1k and 0.77x industry multiple (adjusted for size and gross margin).
pace media development limited Estimated Valuation
Pomanda estimates the enterprise value of PACE MEDIA DEVELOPMENT LIMITED at £13.7k based on an EBITDA of £2.7k and a 5.16x industry multiple (adjusted for size and gross margin).
pace media development limited Estimated Valuation
Pomanda estimates the enterprise value of PACE MEDIA DEVELOPMENT LIMITED at £11.7k based on Net Assets of £5.1k and 2.31x industry multiple (adjusted for liquidity).
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Pace Media Development Limited Overview
Pace Media Development Limited is a live company located in horsham, RH13 6PT with a Companies House number of 11070123. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2017, it's largest shareholder is martin arnold schroeder with a 60% stake. Pace Media Development Limited is a young, micro sized company, Pomanda has estimated its turnover at £117.1k with low growth in recent years.
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Pace Media Development Limited Health Check
Pomanda's financial health check has awarded Pace Media Development Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £117.1k, make it smaller than the average company (£3.5m)
- Pace Media Development Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.8%)
- Pace Media Development Limited
8.8% - Industry AVG
Production
with a gross margin of 72.2%, this company has a comparable cost of product (72.2%)
- Pace Media Development Limited
72.2% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (3.8%)
- Pace Media Development Limited
3.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (32)
1 - Pace Media Development Limited
32 - Industry AVG
Pay Structure
on an average salary of £67.6k, the company has an equivalent pay structure (£67.6k)
- Pace Media Development Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £117.1k, this is equally as efficient (£113.7k)
- Pace Media Development Limited
£113.7k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is near the average (60 days)
- Pace Media Development Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (43 days)
- Pace Media Development Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pace Media Development Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (18 weeks)
41 weeks - Pace Media Development Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91%, this is a higher level of debt than the average (60%)
91% - Pace Media Development Limited
60% - Industry AVG
PACE MEDIA DEVELOPMENT LIMITED financials
Pace Media Development Limited's latest turnover from November 2023 is estimated at £117.1 thousand and the company has net assets of £5.1 thousand. According to their latest financial statements, Pace Media Development Limited has 1 employee and maintains cash reserves of £31.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 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 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 996 | 4,212 | 6,901 | 9,425 | 0 | 0 |
| 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 | 996 | 4,212 | 6,901 | 9,425 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,730 | 25,740 | 34,180 | 26,320 | 4,866 | 66,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,127 | 1,330 | 1,550 | 6,584 | 2,624 | 546 |
| Cash | 31,358 | 39,363 | 65,574 | 62,111 | 4,625 | 6,283 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 55,215 | 66,433 | 101,304 | 95,015 | 12,115 | 72,829 |
| total assets | 56,211 | 70,645 | 108,205 | 104,440 | 12,115 | 72,829 |
| Bank overdraft | 7,069 | 6,895 | 6,725 | 3,309 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,753 | 397 | 1,738 | 440 | 0 | 682 |
| Group/Directors Accounts | 0 | 0 | 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 | 30,564 | 37,172 | 67,708 | 50,967 | 12,012 | 17,301 |
| total current liabilities | 39,386 | 44,464 | 76,171 | 54,716 | 12,012 | 17,983 |
| loans | 11,559 | 18,628 | 25,523 | 31,691 | 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 | 0 | 0 | 0 | 0 |
| provisions | 203 | 800 | 1,311 | 1,791 | 0 | 0 |
| total long term liabilities | 11,762 | 19,428 | 26,834 | 33,482 | 0 | 0 |
| total liabilities | 51,148 | 63,892 | 103,005 | 88,198 | 12,012 | 17,983 |
| net assets | 5,063 | 6,753 | 5,200 | 16,242 | 103 | 54,846 |
| total shareholders funds | 5,063 | 6,753 | 5,200 | 16,242 | 103 | 54,846 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 3,681 | 3,570 | 3,348 | 3,145 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,213 | -8,660 | 2,826 | 25,414 | -59,056 | 66,546 |
| Creditors | 1,356 | -1,341 | 1,298 | 440 | -682 | 682 |
| Accruals and Deferred Income | -6,608 | -30,536 | 16,741 | 38,955 | -5,289 | 17,301 |
| Deferred Taxes & Provisions | -597 | -511 | -480 | 1,791 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -7,069 | -6,895 | -6,168 | 31,691 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -8,005 | -26,211 | 3,463 | 57,486 | -1,658 | 6,283 |
| overdraft | 174 | 170 | 3,416 | 3,309 | 0 | 0 |
| change in cash | -8,179 | -26,381 | 47 | 54,177 | -1,658 | 6,283 |
pace media development limited Credit Report and Business Information
Pace Media Development Limited Competitor Analysis
Perform a competitor analysis for pace media development limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in RH13 area or any other competitors across 12 key performance metrics.
pace media development limited Ownership
PACE MEDIA DEVELOPMENT LIMITED group structure
Pace Media Development Limited has no subsidiary companies.
Ultimate parent company
PACE MEDIA DEVELOPMENT LIMITED
11070123
pace media development limited directors
Pace Media Development Limited currently has 1 director, Mr Ryan Scarratt serving since Nov 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Scarratt | England | 46 years | Nov 2017 | - | Director |
P&L
November 2023turnover
117.1k
-3%
operating profit
-1k
0%
gross margin
72.2%
-1.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
5.1k
-0.25%
total assets
56.2k
-0.2%
cash
31.4k
-0.2%
net assets
Total assets minus all liabilities
Similar Companies
pace media development limited company details
company number
11070123
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
INDIGO TAX AND ACCOUNTANCY LIMITED
auditor
-
address
the barn brighton road, lower beeding, horsham, west sussex, RH13 6PT
Bank
-
Legal Advisor
-
pace media development 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 pace media development limited.
pace media development limited Companies House Filings - See Documents
| date | description | view/download |
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