pace cloud limited
pace cloud limited Company Information
Company Number
11397547
Website
carcloudcommunity.co.ukRegistered Address
grosvenor house, 11 st. pauls square, birmingham, B3 1RB
Industry
Other information service activities n.e.c.
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
geoffrey turral 34.6%
paul jewell 34.6%
View Allpace cloud limited Estimated Valuation
Pomanda estimates the enterprise value of PACE CLOUD LIMITED at £135.9k based on a Turnover of £144k and 0.94x industry multiple (adjusted for size and gross margin).
pace cloud limited Estimated Valuation
Pomanda estimates the enterprise value of PACE CLOUD LIMITED at £0 based on an EBITDA of £-337.4k and a 3.79x industry multiple (adjusted for size and gross margin).
pace cloud limited Estimated Valuation
Pomanda estimates the enterprise value of PACE CLOUD LIMITED at £1.7m based on Net Assets of £638.7k and 2.73x industry multiple (adjusted for liquidity).
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Pace Cloud Limited Overview
Pace Cloud Limited is a live company located in birmingham, B3 1RB with a Companies House number of 11397547. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in June 2018, it's largest shareholder is geoffrey turral with a 34.6% stake. Pace Cloud Limited is a young, micro sized company, Pomanda has estimated its turnover at £144k with rapid growth in recent years.
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Pace Cloud Limited Health Check
Pomanda's financial health check has awarded Pace Cloud Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £144k, make it smaller than the average company (£699k)
- Pace Cloud Limited
£699k - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (6.5%)
- Pace Cloud Limited
6.5% - Industry AVG
Production
with a gross margin of 35.2%, this company has a higher cost of product (68.7%)
- Pace Cloud Limited
68.7% - Industry AVG
Profitability
an operating margin of -255.7% make it less profitable than the average company (5.2%)
- Pace Cloud Limited
5.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (16)
5 - Pace Cloud Limited
16 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has an equivalent pay structure (£27.7k)
- Pace Cloud Limited
£27.7k - Industry AVG
Efficiency
resulting in sales per employee of £28.8k, this is less efficient (£45.4k)
- Pace Cloud Limited
£45.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Pace Cloud Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 270 days, this is slower than average (37 days)
- Pace Cloud Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pace Cloud Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (162 weeks)
8 weeks - Pace Cloud Limited
162 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.2%, this is a higher level of debt than the average (23.8%)
50.2% - Pace Cloud Limited
23.8% - Industry AVG
PACE CLOUD LIMITED financials
Pace Cloud Limited's latest turnover from March 2024 is estimated at £144 thousand and the company has net assets of £638.7 thousand. According to their latest financial statements, Pace Cloud Limited has 5 employees and maintains cash reserves of £105.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 0 | |||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -365,488 | |||||
| Interest Payable | 12,831 | |||||
| Interest Receivable | 0 | |||||
| Pre-Tax Profit | -378,319 | |||||
| Tax | 0 | |||||
| Profit After Tax | -378,319 | |||||
| Dividends Paid | 0 | |||||
| Retained Profit | -378,319 | |||||
| Employee Costs | ||||||
| Number Of Employees | 5 | 4 | 3 | 1 | 1 | 1 |
| EBITDA* | -350,191 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,489 | 894 | 1,788 | 59 | 234 | 467 |
| Intangible Assets | 989,566 | 652,120 | 65,748 | 101,665 | 128,602 | 60,254 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 992,055 | 653,014 | 67,536 | 101,724 | 128,836 | 60,721 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 184,314 | 178,589 | 39,810 | 65,708 | 37,095 | 6,234 |
| Cash | 105,096 | 97,710 | 88,856 | 18,873 | 37,533 | 40,634 |
| misc current assets | 0 | 0 | 0 | 0 | 72,397 | 0 |
| total current assets | 289,410 | 276,299 | 128,666 | 84,581 | 147,025 | 46,868 |
| total assets | 1,281,465 | 929,313 | 196,202 | 186,305 | 275,861 | 107,589 |
| Bank overdraft | 10,648 | 10,163 | 12,489 | 7,986 | 584,356 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 69,278 | 41,376 | 16,155 | 135,990 | 285,903 | 39,884 |
| Group/Directors Accounts | 0 | 0 | 0 | 43,393 | 99,020 | 0 |
| other short term finances | 245,062 | 0 | 0 | 0 | 0 | 348,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 283,856 | 99,540 | 76,833 | 112,755 | 25,000 | 97,925 |
| total current liabilities | 608,844 | 151,079 | 105,477 | 300,124 | 994,279 | 485,809 |
| loans | 33,880 | 33,077 | 33,077 | 42,014 | 40,417 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,880 | 33,077 | 33,077 | 42,014 | 40,417 | 0 |
| total liabilities | 642,724 | 184,156 | 138,554 | 342,138 | 1,034,696 | 485,809 |
| net assets | 638,741 | 745,157 | 57,648 | -155,833 | -758,835 | -378,220 |
| total shareholders funds | 638,741 | 745,157 | 57,648 | -155,833 | -758,835 | -378,220 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -365,488 | |||||
| Depreciation | 913 | 894 | 952 | 175 | 233 | 233 |
| Amortisation | 29,830 | 35,917 | 35,917 | 26,937 | 35,917 | 15,064 |
| Tax | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,725 | 138,779 | -25,898 | 28,613 | 30,861 | 6,234 |
| Creditors | 27,902 | 25,221 | -119,835 | -149,913 | 246,019 | 39,884 |
| Accruals and Deferred Income | 184,316 | 22,707 | -35,922 | 87,755 | -72,925 | 97,925 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -218,616 | |||||
| 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 | -43,393 | -55,627 | 99,020 | 0 |
| Other Short Term Loans | 245,062 | 0 | 0 | 0 | -348,000 | 348,000 |
| Long term loans | 803 | 0 | -8,937 | 1,597 | 40,417 | 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 | -12,831 | |||||
| cash flow from financing | 335,268 | |||||
| cash and cash equivalents | ||||||
| cash | 7,386 | 8,854 | 69,983 | -18,660 | -3,101 | 40,634 |
| overdraft | 485 | -2,326 | 4,503 | -576,370 | 584,356 | 0 |
| change in cash | 6,901 | 11,180 | 65,480 | 557,710 | -587,457 | 40,634 |
pace cloud limited Credit Report and Business Information
Pace Cloud Limited Competitor Analysis
Perform a competitor analysis for pace cloud limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in B 3 area or any other competitors across 12 key performance metrics.
pace cloud limited Ownership
PACE CLOUD LIMITED group structure
Pace Cloud Limited has no subsidiary companies.
Ultimate parent company
PACE CLOUD LIMITED
11397547
pace cloud limited directors
Pace Cloud Limited currently has 2 directors. The longest serving directors include Mr Paul Jewell (Jun 2018) and Mr Geoffrey Turral (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Jewell | United Kingdom | 48 years | Jun 2018 | - | Director |
| Mr Geoffrey Turral | 59 years | Feb 2019 | - | Director |
P&L
March 2024turnover
144k
+30%
operating profit
-368.2k
0%
gross margin
35.2%
+0.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
638.7k
-0.14%
total assets
1.3m
+0.38%
cash
105.1k
+0.08%
net assets
Total assets minus all liabilities
Similar Companies
pace cloud limited company details
company number
11397547
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
June 2018
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
grosvenor house, 11 st. pauls square, birmingham, B3 1RB
Bank
-
Legal Advisor
-
pace cloud 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 cloud limited.
pace cloud limited Companies House Filings - See Documents
| date | description | view/download |
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