explorite ltd

explorite ltd Company Information

Share EXPLORITE LTD
Live 
YoungMicroDeclining

Company Number

11476466

Industry

Other retail sale not in stores, stalls or markets

 

Shareholders

chairmaine uchi

Group Structure

View All

Contact

Registered Address

75a derby road long eaton, nottingham, NG10 1LU

Website

-

explorite ltd Estimated Valuation

£22.2k

Pomanda estimates the enterprise value of EXPLORITE LTD at £22.2k based on a Turnover of £82k and 0.27x industry multiple (adjusted for size and gross margin).

explorite ltd Estimated Valuation

£38.1k

Pomanda estimates the enterprise value of EXPLORITE LTD at £38.1k based on an EBITDA of £12.3k and a 3.09x industry multiple (adjusted for size and gross margin).

explorite ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of EXPLORITE LTD at £0 based on Net Assets of £0 and 2.03x industry multiple (adjusted for liquidity).

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Explorite Ltd Overview

Explorite Ltd is a live company located in nottingham, NG10 1LU with a Companies House number of 11476466. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in July 2018, it's largest shareholder is chairmaine uchi with a 100% stake. Explorite Ltd is a young, micro sized company, Pomanda has estimated its turnover at £82k with declining growth in recent years.

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Explorite Ltd Health Check

Pomanda's financial health check has awarded Explorite Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £82k, make it smaller than the average company (£1.1m)

£82k - Explorite Ltd

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (12.4%)

-30% - Explorite Ltd

12.4% - Industry AVG

production

Production

with a gross margin of 18.1%, this company has a higher cost of product (30.7%)

18.1% - Explorite Ltd

30.7% - Industry AVG

profitability

Profitability

an operating margin of 15% make it more profitable than the average company (4.7%)

15% - Explorite Ltd

4.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (11)

1 - Explorite Ltd

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)

£36.6k - Explorite Ltd

£36.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £82k, this is less efficient (£221.1k)

£82k - Explorite Ltd

£221.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Explorite Ltd

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Explorite Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Explorite Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Explorite Ltd

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Explorite Ltd

- - Industry AVG

EXPLORITE LTD financials

EXPORTms excel logo

Explorite Ltd's latest turnover from April 2024 is estimated at £82 thousand and the company has net assets of 0. According to their latest financial statements, Explorite Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019
Turnover82,00030,73936,610238,0841,0199,223
Other Income Or Grants000000
Cost Of Sales67,18324,87930,236194,8268157,087
Gross Profit14,8175,8606,37443,2582042,136
Admin Expenses2,4923,64417,42843,3291691,900
Operating Profit12,3252,216-11,054-7135236
Interest Payable000000
Interest Receivable000000
Pre-Tax Profit12,3252,216-11,054-7135236
Tax-3,081-55400-7-45
Profit After Tax9,2441,662-11,054-7128191
Dividends Paid000000
Retained Profit9,2441,662-11,054-7128191
Employee Costs36,59835,16833,98932,64830,59232,784
Number Of Employees111111
EBITDA*12,3252,216-11,054-7135236

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019
Tangible Assets000000
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets000000
Stock & work in progress000000
Trade Debtors011,25762,9012192,206
Group Debtors000000
Misc Debtors000000
Cash000000
misc current assets000000
total current assets011,25762,9012192,206
total assets011,25762,9012192,206
Bank overdraft000000
Bank loan000000
Trade Creditors 09,24512,16362,75302,015
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities09,24512,16362,75302,015
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions000000
total long term liabilities000000
total liabilities09,24512,16362,75302,015
net assets0-9,244-10,906148219191
total shareholders funds0-9,244-10,906148219191
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019
Operating Activities
Operating Profit12,3252,216-11,054-7135236
Depreciation000000
Amortisation000000
Tax-3,081-55400-7-45
Stock000000
Debtors-1-1,256-61,64462,682-1,9872,206
Creditors-9,245-2,918-50,59062,753-2,0152,015
Accruals and Deferred Income000000
Deferred Taxes & Provisions000000
Cash flow from operations000000
Investing Activities
capital expenditure000000
Change in Investments000000
cash flow from investments000000
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue000000
interest000000
cash flow from financing000000
cash and cash equivalents
cash000000
overdraft000000
change in cash000000

explorite ltd 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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Explorite Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for explorite ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NG10 area or any other competitors across 12 key performance metrics.

explorite ltd Ownership

EXPLORITE LTD group structure

Explorite Ltd has no subsidiary companies.

Ultimate parent company

EXPLORITE LTD

11476466

EXPLORITE LTD Shareholders

chairmaine uchi 100%

explorite ltd directors

Explorite Ltd currently has 1 director, Ms Chairmaine Uchi serving since Aug 2018.

officercountryagestartendrole
Ms Chairmaine UchiUnited Kingdom34 years Aug 2018- Director

P&L

April 2024

turnover

82k

+167%

operating profit

12.3k

0%

gross margin

18.1%

-5.21%

turnover

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

Balance Sheet

April 2024

net assets

0

-1%

total assets

0

-1%

cash

0

0%

net assets

Total assets minus all liabilities

explorite ltd company details

company number

11476466

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

July 2018

age

6

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

75a derby road long eaton, nottingham, NG10 1LU

Bank

-

Legal Advisor

-

explorite ltd 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 explorite ltd.

explorite ltd 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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explorite ltd Companies House Filings - See Documents

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