ioc sales limited
ioc sales limited Company Information
Company Number
11576814
Next Accounts
Sep 2025
Industry
Agents involved in the sale of fuels, ores, metals and industrial chemicals
Shareholders
rio tinto international holdings limited
Group Structure
View All
Contact
Registered Address
6 st james's square, london, SW1Y 4AD
Website
https://www.riotinto.com/ioc sales limited Estimated Valuation
Pomanda estimates the enterprise value of IOC SALES LIMITED at £9m based on a Turnover of £26.4m and 0.34x industry multiple (adjusted for size and gross margin).
ioc sales limited Estimated Valuation
Pomanda estimates the enterprise value of IOC SALES LIMITED at £32.6m based on an EBITDA of £10.2m and a 3.2x industry multiple (adjusted for size and gross margin).
ioc sales limited Estimated Valuation
Pomanda estimates the enterprise value of IOC SALES LIMITED at £25.8m based on Net Assets of £14.1m and 1.83x industry multiple (adjusted for liquidity).
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Ioc Sales Limited Overview
Ioc Sales Limited is a live company located in london, SW1Y 4AD with a Companies House number of 11576814. It operates in the agents involved in the sale of fuels, ores, metals and industrial chemicals sector, SIC Code 46120. Founded in September 2018, it's largest shareholder is rio tinto international holdings limited with a 100% stake. Ioc Sales Limited is a young, large sized company, Pomanda has estimated its turnover at £26.4m with declining growth in recent years.
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Ioc Sales Limited Health Check
Pomanda's financial health check has awarded Ioc Sales Limited a 2.5 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 £26.4m, make it smaller than the average company (£33.7m)
£26.4m - Ioc Sales Limited
£33.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (11.6%)
- Ioc Sales Limited
11.6% - Industry AVG
Production
with a gross margin of 4.6%, this company has a higher cost of product (12.3%)
4.6% - Ioc Sales Limited
12.3% - Industry AVG
Profitability
an operating margin of 38.6% make it more profitable than the average company (3.6%)
38.6% - Ioc Sales Limited
3.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (21)
- Ioc Sales Limited
21 - Industry AVG
Pay Structure
on an average salary of £58.6k, the company has an equivalent pay structure (£58.6k)
- Ioc Sales Limited
£58.6k - Industry AVG
Efficiency
resulting in sales per employee of £5.3m, this is more efficient (£1.4m)
- Ioc Sales Limited
£1.4m - Industry AVG
Debtor Days
it gets paid by customers after 1896 days, this is later than average (31 days)
1896 days - Ioc Sales Limited
31 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ioc Sales Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ioc Sales Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (14 weeks)
9 weeks - Ioc Sales Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.2%, this is a higher level of debt than the average (58.7%)
92.2% - Ioc Sales Limited
58.7% - Industry AVG
IOC SALES LIMITED financials
Ioc Sales Limited's latest turnover from December 2023 is £26.4 million and the company has net assets of £14.1 million. According to their latest financial statements, we estimate that Ioc Sales Limited has 5 employees and maintains cash reserves of £30.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 26,398,373 | 29,337,067 | 40,801,492 | 26,791,546 | 24,874,609 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 2,906,468 | 1,372,669 | 220,472 | 330,708 | 617,867 |
| Pre-Tax Profit | 11,986,496 | 5,354,101 | 15,225,860 | 19,086,614 | 16,303,700 |
| Tax | -3,069,132 | -767,283 | -2,486,531 | -3,315,375 | -2,907,611 |
| Profit After Tax | 8,917,364 | 4,586,818 | 12,739,329 | 15,771,239 | 13,396,089 |
| Dividends Paid | 0 | 26,087,624 | 0 | 14,919,188 | 0 |
| Retained Profit | 8,917,364 | -21,500,806 | 12,739,329 | 852,051 | 13,396,089 |
| Employee Costs | 0 | 0 | 0 | ||
| Number Of Employees | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 137,167,958 | 94,785,544 | 108,255,284 | 119,970,162 | 21,765,647 |
| Group Debtors | 11,296,708 | 20,524,054 | 4,256,112 | 46,624,119 | 4,013,956 |
| Misc Debtors | 1,194,659 | 2,412,337 | 531,288 | 1,097,389 | 1,255,360 |
| Cash | 30,787,232 | 34,065,833 | 53,819,312 | 24,017,405 | 26,262,993 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 180,446,559 | 151,787,770 | 166,861,998 | 191,709,076 | 53,297,957 |
| total assets | 180,446,559 | 151,787,770 | 166,861,998 | 191,709,076 | 53,297,957 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 17,406 | 716,950 | 5,057,789 |
| Group/Directors Accounts | 166,307,834 | 146,557,968 | 0 | 1 | 1 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 8,440 | 137,978,450 | 174,865,312 | 34,844,078 |
| total current liabilities | 166,307,834 | 146,566,408 | 137,995,856 | 175,582,263 | 39,901,868 |
| 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 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 166,307,834 | 146,566,408 | 137,995,856 | 175,582,263 | 39,901,868 |
| net assets | 14,138,725 | 5,221,361 | 28,866,142 | 16,126,813 | 13,396,089 |
| total shareholders funds | 14,138,725 | 5,221,361 | 28,866,142 | 16,126,813 | 13,396,089 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -3,069,132 | -767,283 | -2,486,531 | -3,315,375 | -2,907,611 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 31,937,390 | 4,679,251 | -54,648,985 | 140,656,706 | 27,034,964 |
| Creditors | 0 | -17,406 | -699,544 | -4,340,839 | 5,057,789 |
| Accruals and Deferred Income | -8,440 | -137,970,010 | -36,886,862 | 140,021,234 | 34,844,078 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| 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 | 19,749,866 | 146,557,968 | -1 | 0 | 1 |
| 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 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 2,906,468 | 1,372,669 | 220,472 | 330,708 | 617,867 |
| cash flow from financing | 22,656,334 | 145,786,662 | 220,471 | 2,209,381 | 617,868 |
| cash and cash equivalents | |||||
| cash | -3,278,600 | -19,753,479 | 29,801,907 | -2,245,588 | 26,262,993 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,278,600 | -19,753,479 | 29,801,907 | -2,245,588 | 26,262,993 |
ioc sales limited Credit Report and Business Information
Ioc Sales Limited Competitor Analysis
Perform a competitor analysis for ioc sales limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
ioc sales limited Ownership
IOC SALES LIMITED group structure
Ioc Sales Limited has no subsidiary companies.
Ultimate parent company
2 parents
IOC SALES LIMITED
11576814
ioc sales limited directors
Ioc Sales Limited currently has 3 directors. The longest serving directors include Mr Rafael Azevedo (Jun 2021) and Ms Alice Tharenos (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rafael Azevedo | 46 years | Jun 2021 | - | Director | |
| Ms Alice Tharenos | Canada | 54 years | Jan 2023 | - | Director |
| Mr Michael Pasmore | 43 years | Mar 2024 | - | Director |
P&L
December 2023turnover
26.4m
-10%
operating profit
10.2m
0%
gross margin
4.6%
+4.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
14.1m
+1.71%
total assets
180.4m
+0.19%
cash
30.8m
-0.1%
net assets
Total assets minus all liabilities
Similar Companies
ioc sales limited company details
company number
11576814
Type
Private limited with Share Capital
industry
46120 - Agents involved in the sale of fuels, ores, metals and industrial chemicals
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
6 st james's square, london, SW1Y 4AD
Bank
-
Legal Advisor
-
ioc sales 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 ioc sales limited.
ioc sales 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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ioc sales limited Companies House Filings - See Documents
| date | description | view/download |
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