pip limited

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pip limited Company Information

Share PIP LIMITED

Company Number

11103085

Shareholders

timothy john hamilton main

david christopher sandeman

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Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

fodens business centre, m54 junction 6, telford, TF3 5HL

pip limited Estimated Valuation

£83.5k

Pomanda estimates the enterprise value of PIP LIMITED at £83.5k based on a Turnover of £157k and 0.53x industry multiple (adjusted for size and gross margin).

pip limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PIP LIMITED at £0 based on an EBITDA of £-90k and a 3.62x industry multiple (adjusted for size and gross margin).

pip limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PIP LIMITED at £0 based on Net Assets of £-229.2k and 2.25x industry multiple (adjusted for liquidity).

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Pip Limited Overview

Pip Limited is a live company located in telford, TF3 5HL with a Companies House number of 11103085. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2017, it's largest shareholder is timothy john hamilton main with a 41.4% stake. Pip Limited is a young, micro sized company, Pomanda has estimated its turnover at £157k with rapid growth in recent years.

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Pip Limited Health Check

Pomanda's financial health check has awarded Pip Limited a 2.5 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

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £157k, make it smaller than the average company (£7.3m)

£157k - Pip Limited

£7.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8%)

43% - Pip Limited

8% - Industry AVG

production

Production

with a gross margin of 25.7%, this company has a higher cost of product (51.5%)

25.7% - Pip Limited

51.5% - Industry AVG

profitability

Profitability

an operating margin of -57.3% make it less profitable than the average company (3.5%)

-57.3% - Pip Limited

3.5% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (43)

1 - Pip Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £74.2k, the company has an equivalent pay structure (£74.2k)

£74.2k - Pip Limited

£74.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £157k, this is equally as efficient (£178.1k)

£157k - Pip Limited

£178.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 28 days, this is earlier than average (52 days)

28 days - Pip Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 690 days, this is slower than average (33 days)

690 days - Pip Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Pip Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Pip Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1957.8%, this is a higher level of debt than the average (64.7%)

1957.8% - Pip Limited

64.7% - Industry AVG

PIP LIMITED financials

EXPORTms excel logo

Pip Limited's latest turnover from December 2023 is estimated at £157 thousand and the company has net assets of -£229.2 thousand. According to their latest financial statements, we estimate that Pip Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Turnover157,02393,47751,13953,88516,888233
Other Income Or Grants
Cost Of Sales116,61168,96237,92540,54212,837174
Gross Profit40,41224,51513,21413,3434,05159
Admin Expenses130,39276,04454,43448,30515,635-15
Operating Profit-89,980-51,529-41,220-34,962-11,58474
Interest Payable
Interest Receivable
Pre-Tax Profit-89,980-51,529-41,220-34,962-11,58474
Tax-14
Profit After Tax-89,980-51,529-41,220-34,962-11,58460
Dividends Paid
Retained Profit-89,980-51,529-41,220-34,962-11,58460
Employee Costs74,24370,46167,31063,21761,49260,125
Number Of Employees111111
EBITDA*-89,980-51,529-41,220-34,962-11,58474

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors12,33810,1025,82313,1143,07660
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets12,33810,1025,82313,1143,07660
total assets12,33810,1025,82313,1143,07660
Bank overdraft
Bank loan
Trade Creditors 220,449124,66165,49728,68314,600
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities220,449124,66165,49728,68314,600
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities21,10424,67628,03230,917
provisions
total long term liabilities21,10424,67628,03230,917
total liabilities241,553149,33793,52959,60014,600
net assets-229,215-139,235-87,706-46,486-11,52460
total shareholders funds-229,215-139,235-87,706-46,486-11,52460
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Operating Activities
Operating Profit-89,980-51,529-41,220-34,962-11,58474
Depreciation
Amortisation
Tax-14
Stock
Debtors2,2364,279-7,29110,0383,01660
Creditors95,78859,16436,81414,08314,600
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations3,5723,3562,885-30,917
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
Hire Purchase and Lease Commitments
other long term liabilities-3,572-3,356-2,88530,917
share issue
interest
cash flow from financing-3,572-3,356-2,88530,917
cash and cash equivalents
cash
overdraft
change in cash

pip 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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Pip Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for pip limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TF3 area or any other competitors across 12 key performance metrics.

pip limited Ownership

PIP LIMITED group structure

Pip Limited has no subsidiary companies.

Ultimate parent company

PIP LIMITED

11103085

PIP LIMITED Shareholders

timothy john hamilton main 41.39%
david christopher sandeman 41.39%
stephen michael foden 10.56%
david raymond leary 5%
edward philip uttermare mead 1.67%

pip limited directors

Pip Limited currently has 5 directors. The longest serving directors include Mr Stephen Foden (Dec 2017) and Mr Stephen Foden (Dec 2017).

officercountryagestartendrole
Mr Stephen FodenEngland61 years Dec 2017- Director
Mr Stephen Foden61 years Dec 2017- Director
Mr Timothy MainEngland59 years Oct 2018- Director
Mr David LearyEngland50 years Nov 2020- Director
Mr David SandemanEngland66 years Nov 2020- Director

P&L

December 2023

turnover

157k

+68%

operating profit

-90k

0%

gross margin

25.8%

-1.87%

turnover

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

Balance Sheet

December 2023

net assets

-229.2k

+0.65%

total assets

12.3k

+0.22%

cash

0

0%

net assets

Total assets minus all liabilities

pip limited company details

company number

11103085

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

December 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

fodens business centre, m54 junction 6, telford, TF3 5HL

Bank

-

Legal Advisor

-

pip 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 pip limited.

pip 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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pip limited Companies House Filings - See Documents

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