Pomanda estimates the enterprise value of GENINCODE PLC at £2.7m based on a Turnover of £2.2m and 1.25x industry multiple (adjusted for size and gross margin).
genincode plcEstimated Valuation
£0
Pomanda estimates the enterprise value of GENINCODE PLC at £0 based on an EBITDA of £-6.8m and a 5.4x industry multiple (adjusted for size and gross margin).
genincode plcEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of GENINCODE PLC at £2.4m based on Net Assets of £1.3m and 1.86x industry multiple (adjusted for liquidity).
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Genincode PlcOverview
Genincode Plc is a live company located in manchester, M2 3DE with a Companies House number of 11556598. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in September 2018, it's largest shareholder is
undisclosed
with a 100% stake. Genincode Plc is a young,
small sized company, Pomanda has estimated its turnover at
£2.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Genincode Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£4.4m)
£2.2m - Genincode Plc
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (10%)
31% - Genincode Plc
10% - Industry AVG
Production
with a gross margin of 47.3%, this company has a comparable cost of product (50.3%)
47.3% - Genincode Plc
50.3% - Industry AVG
Profitability
an operating margin of -331.1% make it less profitable than the average company (-0.4%)
-331.1% - Genincode Plc
-0.4% - Industry AVG
Employees
with 42 employees, this is similar to the industry average (50)
42 - Genincode Plc
50 - Industry AVG
Pay Structure
on an average salary of £81.1k, the company has an equivalent pay structure (£73.8k)
£81.1k - Genincode Plc
£73.8k - Industry AVG
Efficiency
resulting in sales per employee of £51.4k, this is less efficient (£127.4k)
£51.4k - Genincode Plc
£127.4k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (56 days)
72 days - Genincode Plc
56 days - Industry AVG
Creditor Days
its suppliers are paid after 382 days, this is slower than average (52 days)
382 days - Genincode Plc
52 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (86 days)
26 days - Genincode Plc
86 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 52 weeks, this is more cash available to meet short term requirements (30 weeks)
52 weeks - Genincode Plc
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a higher level of debt than the average (48.5%)
69.2% - Genincode Plc
48.5% - Industry AVG
GENINCODE PLC financials
EXPORT
Genincode Plc's latest turnover from December 2023 is £2.2 million and the company has net assets of £1.3 million. According to their latest financial statements, Genincode Plc has 42 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Turnover
2,160,000
1,430,000
1,154,000
961,000
1,921,989
Other Income Or Grants
Cost Of Sales
1,138,000
798,000
561,000
438,000
861,067
Gross Profit
1,022,000
632,000
593,000
523,000
1,060,922
Admin Expenses
8,173,000
6,531,000
4,739,000
1,573,000
1,565,517
Operating Profit
-7,151,000
-5,899,000
-4,146,000
-1,050,000
-504,595
Interest Payable
48,000
20,000
7,970
Interest Receivable
173,000
Pre-Tax Profit
-7,023,000
-5,746,000
-4,136,000
-1,050,000
-512,565
Tax
7,000
187,000
-6,000
-116,000
108,840
Profit After Tax
-7,016,000
-5,559,000
-4,142,000
-1,166,000
-403,725
Dividends Paid
Retained Profit
-7,016,000
-5,559,000
-4,142,000
-1,166,000
-403,725
Employee Costs
3,405,000
2,375,000
1,675,000
722,000
815,336
Number Of Employees
42
35
26
16
12
EBITDA*
-6,768,000
-5,735,000
-4,090,000
-1,007,000
-483,431
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Tangible Assets
425,000
1,002,000
46,000
11,000
7,418
Intangible Assets
569,000
310,000
193,000
140,000
95,092
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
994,000
1,312,000
239,000
151,000
102,510
Stock & work in progress
84,000
20,000
14,000
18,000
Trade Debtors
428,000
315,000
234,000
240,000
295,750
Group Debtors
Misc Debtors
154,000
402,000
165,000
8,000
5,680
Cash
2,484,000
9,732,000
14,554,000
2,003,000
85,149
misc current assets
42,000
16,000
4,000
2,000
107,563
total current assets
3,192,000
10,485,000
14,971,000
2,271,000
494,142
total assets
4,186,000
11,797,000
15,210,000
2,422,000
596,652
Bank overdraft
Bank loan
Trade Creditors
1,194,000
1,416,000
345,000
193,000
386,478
Group/Directors Accounts
other short term finances
338,812
hp & lease commitments
78,000
69,000
other current liabilities
1,201,000
693,000
480,000
370,000
212,007
total current liabilities
2,473,000
2,178,000
825,000
563,000
937,297
loans
442,000
570,000
hp & lease commitments
221,000
285,000
Accruals and Deferred Income
other liabilities
178,000
1,434,000
661,000
provisions
50,000
12,000
total long term liabilities
424,000
1,719,000
667,000
total liabilities
2,897,000
3,897,000
1,492,000
563,000
937,297
net assets
1,289,000
7,900,000
13,718,000
1,859,000
-340,645
total shareholders funds
1,289,000
7,900,000
13,718,000
1,859,000
-340,645
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Operating Activities
Operating Profit
-7,151,000
-5,899,000
-4,146,000
-1,050,000
-504,595
Depreciation
351,000
132,000
35,000
23,000
1,514
Amortisation
32,000
32,000
21,000
20,000
19,650
Tax
7,000
187,000
-6,000
-116,000
108,840
Stock
64,000
6,000
-4,000
18,000
Debtors
-135,000
318,000
151,000
-53,430
301,430
Creditors
-222,000
1,071,000
152,000
-193,478
386,478
Accruals and Deferred Income
508,000
213,000
110,000
157,993
212,007
Deferred Taxes & Provisions
50,000
-12,000
12,000
Cash flow from operations
-6,354,000
-4,600,000
-3,969,000
-1,123,055
-77,536
Investing Activities
capital expenditure
-65,000
-1,237,000
-144,000
-91,490
-123,674
Change in Investments
cash flow from investments
-65,000
-1,237,000
-144,000
-91,490
-123,674
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-338,812
338,812
Long term loans
-128,000
570,000
Hire Purchase and Lease Commitments
-55,000
354,000
other long term liabilities
-1,256,000
773,000
661,000
share issue
405,000
-259,000
16,001,000
3,365,645
63,080
interest
-48,000
153,000
-7,970
cash flow from financing
-1,082,000
1,591,000
16,662,000
3,026,833
393,922
cash and cash equivalents
cash
-7,248,000
-4,822,000
12,551,000
1,917,851
85,149
overdraft
change in cash
-7,248,000
-4,822,000
12,551,000
1,917,851
85,149
genincode plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for genincode plc. Get real-time insights into genincode plc's credit score, group structure and payment trends.
Perform a competitor analysis for genincode plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
72110 - Research and experimental development on biotechnology
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2023
previous names
genincode limited (July 2021)
genincode uk limited (July 2021)
accountant
-
auditor
CROWE UK LLP
address
one st. peters square, manchester, M2 3DE
Bank
ROYAL BANK OF SCOTLAND
Legal Advisor
ADDLESHAW GODDARD LLP
genincode plc 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 genincode plc.
genincode plc Capital Raised & Share Issues BETA
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genincode plcCompanies House Filings - See Documents
