digital ventures services limited
digital ventures services limited Company Information
Company Number
11224513
Website
-Registered Address
westgate house 9 holborn, london, EC1N 2LL
Industry
Other information service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Jean Pons4 Years
Shareholders
digital ventures holding limited 100%
digital ventures services limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL VENTURES SERVICES LIMITED at £61.8m based on a Turnover of £25.7m and 2.41x industry multiple (adjusted for size and gross margin).
digital ventures services limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL VENTURES SERVICES LIMITED at £160.7m based on an EBITDA of £14.1m and a 11.39x industry multiple (adjusted for size and gross margin).
digital ventures services limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL VENTURES SERVICES LIMITED at £2.9m based on Net Assets of £1.2m and 2.48x industry multiple (adjusted for liquidity).
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Digital Ventures Services Limited Overview
Digital Ventures Services Limited is a live company located in london, EC1N 2LL with a Companies House number of 11224513. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in February 2018, it's largest shareholder is digital ventures holding limited with a 100% stake. Digital Ventures Services Limited is a young, large sized company, Pomanda has estimated its turnover at £25.7m with rapid growth in recent years.
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Digital Ventures Services Limited Health Check
Pomanda's financial health check has awarded Digital Ventures Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £25.7m, make it larger than the average company (£1.1m)
£25.7m - Digital Ventures Services Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 105%, show it is growing at a faster rate (7.1%)
- Digital Ventures Services Limited
7.1% - Industry AVG
Production
with a gross margin of 95.2%, this company has a lower cost of product (65.9%)
95.2% - Digital Ventures Services Limited
65.9% - Industry AVG
Profitability
an operating margin of 54.8% make it more profitable than the average company (6.3%)
54.8% - Digital Ventures Services Limited
6.3% - Industry AVG
Employees
with 71 employees, this is above the industry average (19)
71 - Digital Ventures Services Limited
19 - Industry AVG
Pay Structure
on an average salary of £90.8k, the company has a higher pay structure (£32.4k)
£90.8k - Digital Ventures Services Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £362k, this is more efficient (£74.9k)
£362k - Digital Ventures Services Limited
£74.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (38 days)
14 days - Digital Ventures Services Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 202 days, this is slower than average (34 days)
202 days - Digital Ventures Services Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Digital Ventures Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is less cash available to meet short term requirements (80 weeks)
41 weeks - Digital Ventures Services Limited
80 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.4%, this is a higher level of debt than the average (35.8%)
73.4% - Digital Ventures Services Limited
35.8% - Industry AVG
DIGITAL VENTURES SERVICES LIMITED financials
Digital Ventures Services Limited's latest turnover from December 2022 is £25.7 million and the company has net assets of £1.2 million. According to their latest financial statements, Digital Ventures Services Limited has 71 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 25,700,994 | 21,809,780 | 18,103,651 | ||
| Other Income Or Grants | 0 | 0 | 0 | ||
| Cost Of Sales | 1,241,558 | 1,011,118 | 869,991 | ||
| Gross Profit | 24,459,436 | 20,798,662 | 17,233,660 | ||
| Admin Expenses | 13,136,833 | 12,758,169 | |||
| Operating Profit | 7,661,829 | 4,475,491 | |||
| Interest Payable | 0 | 0 | 360 | ||
| Interest Receivable | 0 | 0 | 0 | ||
| Pre-Tax Profit | 13,919,575 | 7,661,829 | 4,475,131 | ||
| Tax | -2,379,609 | -1,615,373 | -721,966 | ||
| Profit After Tax | 11,539,966 | 6,046,456 | 3,753,165 | ||
| Dividends Paid | 14,730,985 | 6,157,597 | 0 | ||
| Retained Profit | -3,191,019 | -111,141 | 3,753,165 | ||
| Employee Costs | 6,448,978 | 9,096,492 | 8,072,934 | ||
| Number Of Employees | 71 | 79 | 97 | 99 | 93 |
| EBITDA* | 7,825,186 | 4,646,459 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 64,623 | 33,628 | 47,065 | 68,837 | 48,941 |
| Intangible Assets | 0 | 67 | 0 | -259,495 | -389,242 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 64,623 | 33,695 | 47,065 | -190,658 | -340,301 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,014,521 | 804,026 | 1,084,016 | 705,183 | 577,823 |
| Group Debtors | 514,980 | 70,456 | 194,263 | 2,837,557 | 896,920 |
| Misc Debtors | 245,876 | 272,358 | 358,929 | 322,857 | 502,506 |
| Cash | 2,542,758 | 7,138,390 | 5,848,599 | 3,720,249 | 1,199,846 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,318,135 | 8,285,230 | 7,485,807 | 7,585,846 | 3,177,095 |
| total assets | 4,382,758 | 8,318,925 | 7,532,872 | 7,395,188 | 2,836,794 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 689,643 | 682,436 | 586,173 | 122,142 | 540,971 |
| Group/Directors Accounts | 0 | 3,291 | 0 | 4,446,740 | 239,288 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,524,978 | 3,274,042 | 2,346,789 | 2,143,657 | 1,472,109 |
| total current liabilities | 3,214,621 | 3,959,769 | 2,932,962 | 6,712,539 | 2,252,368 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 129,613 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 129,613 | 0 | 0 |
| total liabilities | 3,214,621 | 3,959,769 | 3,062,575 | 6,712,539 | 2,252,368 |
| net assets | 1,168,137 | 4,359,156 | 4,470,297 | 682,649 | 584,426 |
| total shareholders funds | 1,168,137 | 4,359,156 | 4,470,297 | 682,649 | 584,426 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 7,661,829 | 4,475,491 | |||
| Depreciation | 28,416 | 33,677 | 41,288 | 35,434 | 4,865 |
| Amortisation | 67 | 129,680 | 129,680 | 129,747 | 0 |
| Tax | -2,379,609 | -1,615,373 | -721,966 | ||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 628,537 | -490,368 | -2,228,389 | 1,888,348 | 1,977,249 |
| Creditors | 7,207 | 96,263 | 464,031 | -418,829 | 540,971 |
| Accruals and Deferred Income | -749,064 | 927,253 | 203,132 | 671,548 | 1,472,109 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,723,697 | 6,820,045 | |||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,291 | 3,291 | -4,446,740 | 4,207,452 | 239,288 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -129,613 | 129,613 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | -360 | ||
| cash flow from financing | -3,291 | -126,322 | -4,283,004 | ||
| cash and cash equivalents | |||||
| cash | -4,595,632 | 1,289,791 | 2,128,350 | 2,520,403 | 1,199,846 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,595,632 | 1,289,791 | 2,128,350 | 2,520,403 | 1,199,846 |
digital ventures services limited Credit Report and Business Information
Digital Ventures Services Limited Competitor Analysis
Perform a competitor analysis for digital ventures services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
digital ventures services limited Ownership
DIGITAL VENTURES SERVICES LIMITED group structure
Digital Ventures Services Limited has no subsidiary companies.
Ultimate parent company
LVEB LTD
#0126941
2 parents
DIGITAL VENTURES SERVICES LIMITED
11224513
digital ventures services limited directors
Digital Ventures Services Limited currently has 1 director, Mr Jean Pons serving since Feb 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jean Pons | England | 67 years | Feb 2020 | - | Director |
P&L
December 2022turnover
25.7m
+18%
operating profit
14.1m
0%
gross margin
95.2%
-0.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.2m
-0.73%
total assets
4.4m
-0.47%
cash
2.5m
-0.64%
net assets
Total assets minus all liabilities
Similar Companies
digital ventures services limited company details
company number
11224513
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
February 2018
age
6
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
westgate house 9 holborn, london, EC1N 2LL
last accounts submitted
December 2022
digital ventures services 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 digital ventures services limited.
digital ventures services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
