launchmycareer holdings plc
launchmycareer holdings plc Company Information
Company Number
11589976
Next Accounts
509 days late
Shareholders
veative labs pts ltd
christopher jeffries
View AllGroup Structure
View All
Industry
Other information service activities n.e.c.
Registered Address
lmc campus, new beacon group, stafford education and enterpris, stafford, ST18 0BF
Website
www.devcleverholdingsplc.comlaunchmycareer holdings plc Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHMYCAREER HOLDINGS PLC at £6.9m based on a Turnover of £7.4m and 0.93x industry multiple (adjusted for size and gross margin).
launchmycareer holdings plc Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHMYCAREER HOLDINGS PLC at £0 based on an EBITDA of £-1.7m and a 5.05x industry multiple (adjusted for size and gross margin).
launchmycareer holdings plc Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHMYCAREER HOLDINGS PLC at £54.1m based on Net Assets of £21.5m and 2.52x industry multiple (adjusted for liquidity).
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Launchmycareer Holdings Plc Overview
Launchmycareer Holdings Plc is a live company located in stafford, ST18 0BF with a Companies House number of 11589976. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in September 2018, it's largest shareholder is veative labs pts ltd with a 27.1% stake. Launchmycareer Holdings Plc is a young, mid sized company, Pomanda has estimated its turnover at £7.4m with rapid growth in recent years.
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Launchmycareer Holdings Plc Health Check
Pomanda's financial health check has awarded Launchmycareer Holdings Plc 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
1 Regular
3 Weak
Size
annual sales of £7.4m, make it larger than the average company (£736.7k)
£7.4m - Launchmycareer Holdings Plc
£736.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (8.7%)
151% - Launchmycareer Holdings Plc
8.7% - Industry AVG
Production
with a gross margin of 60.8%, this company has a comparable cost of product (67.6%)
60.8% - Launchmycareer Holdings Plc
67.6% - Industry AVG
Profitability
an operating margin of -33.9% make it less profitable than the average company (4.8%)
-33.9% - Launchmycareer Holdings Plc
4.8% - Industry AVG
Employees
with 48 employees, this is above the industry average (16)
48 - Launchmycareer Holdings Plc
16 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has a higher pay structure (£26.6k)
£60.4k - Launchmycareer Holdings Plc
£26.6k - Industry AVG
Efficiency
resulting in sales per employee of £153.2k, this is more efficient (£53.6k)
£153.2k - Launchmycareer Holdings Plc
£53.6k - Industry AVG
Debtor Days
it gets paid by customers after 225 days, this is later than average (30 days)
225 days - Launchmycareer Holdings Plc
30 days - Industry AVG
Creditor Days
its suppliers are paid after 196 days, this is slower than average (31 days)
196 days - Launchmycareer Holdings Plc
31 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (13 days)
0 days - Launchmycareer Holdings Plc
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 194 weeks, this is more cash available to meet short term requirements (116 weeks)
194 weeks - Launchmycareer Holdings Plc
116 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.6%, this is a lower level of debt than the average (31.9%)
10.6% - Launchmycareer Holdings Plc
31.9% - Industry AVG
LAUNCHMYCAREER HOLDINGS PLC financials
Launchmycareer Holdings Plc's latest turnover from October 2021 is £7.4 million and the company has net assets of £21.5 million. According to their latest financial statements, Launchmycareer Holdings Plc has 48 employees and maintains cash reserves of £7.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|
| Turnover | 7,355,451 | 1,254,734 | 480,585 | 467,286 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,883,652 | 703,607 | 521,782 | 260,999 |
| Gross Profit | 4,471,799 | 551,127 | -41,197 | 206,287 |
| Admin Expenses | 6,963,636 | 1,637,728 | 999,660 | 716,224 |
| Operating Profit | -2,491,837 | -1,086,601 | -1,040,857 | -509,937 |
| Interest Payable | 44,758 | 47,411 | 24,601 | 0 |
| Interest Receivable | 555 | 240 | 811 | 0 |
| Pre-Tax Profit | -2,536,040 | -1,056,254 | -1,064,647 | -540,129 |
| Tax | 6,764 | 118,557 | 45,016 | 42,408 |
| Profit After Tax | -2,529,276 | -937,697 | -1,019,631 | -497,721 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -2,529,276 | -937,697 | -1,019,631 | -497,721 |
| Employee Costs | 2,899,552 | 1,499,395 | 806,573 | 518,848 |
| Number Of Employees | 48 | 27 | 21 | 15 |
| EBITDA* | -1,735,471 | -845,501 | -840,873 | -509,937 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|
| Tangible Assets | 454,738 | 244,134 | 42,831 | 29,756 |
| Intangible Assets | 9,712,013 | 1,058,868 | 157,673 | 131,477 |
| Investments & Other | 138,653 | 138,653 | 1,125 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,166,751 | 1,303,002 | 200,504 | 161,233 |
| Stock & work in progress | 2,940 | 2,650 | 6,200 | 0 |
| Trade Debtors | 4,551,307 | 701,175 | 50,581 | 95,497 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,787,199 | 430,843 | 33,522 | 86,587 |
| Cash | 7,509,084 | 1,032,473 | 496,707 | 72,689 |
| misc current assets | 0 | 0 | 50,000 | 0 |
| total current assets | 13,850,530 | 2,167,141 | 659,521 | 254,773 |
| total assets | 24,017,281 | 3,470,143 | 860,025 | 416,006 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,555,461 | 345,071 | 12,048 | 34,104 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 95,916 | 90,583 | 47,727 | 257,694 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 357,835 | 210,145 | 124,036 | 115,336 |
| total current liabilities | 2,009,212 | 645,799 | 183,811 | 407,134 |
| loans | 1,061,096 | 637,362 | 179,694 | 263,398 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 16,464 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 31,638 | 51,732 | 0 | 56,228 |
| total long term liabilities | 546,367 | 344,547 | 106,311 | 159,813 |
| total liabilities | 2,555,579 | 990,346 | 290,122 | 566,947 |
| net assets | 21,461,702 | 2,479,797 | 569,903 | -150,941 |
| total shareholders funds | 21,461,702 | 2,479,797 | 569,903 | -150,941 |
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -2,491,837 | -1,086,601 | -1,040,857 | -509,937 |
| Depreciation | 55,273 | 55,808 | 14,692 | |
| Amortisation | 701,093 | 185,292 | 185,292 | |
| Tax | 6,764 | 118,557 | 45,016 | 42,408 |
| Stock | 290 | -3,550 | 6,200 | 0 |
| Debtors | 5,206,488 | 1,047,915 | -97,981 | 182,084 |
| Creditors | 1,210,390 | 333,023 | -22,056 | 34,104 |
| Accruals and Deferred Income | 147,690 | 69,645 | 25,164 | 115,336 |
| Deferred Taxes & Provisions | -20,094 | 51,732 | -56,228 | 56,228 |
| Cash flow from operations | -5,597,499 | -1,316,909 | -757,196 | |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 137,528 | 1,125 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,333 | 42,856 | -209,967 | 257,694 |
| Long term loans | 423,734 | 457,668 | -83,704 | 263,398 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -44,203 | -47,171 | -23,790 | 0 |
| cash flow from financing | 21,896,045 | 3,300,944 | 1,423,014 | 867,872 |
| cash and cash equivalents | ||||
| cash | 6,476,611 | 535,766 | 424,018 | 72,689 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 6,476,611 | 535,766 | 424,018 | 72,689 |
launchmycareer holdings plc Credit Report and Business Information
Launchmycareer Holdings Plc Competitor Analysis
Perform a competitor analysis for launchmycareer holdings plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in ST18 area or any other competitors across 12 key performance metrics.
launchmycareer holdings plc Ownership
LAUNCHMYCAREER HOLDINGS PLC group structure
Launchmycareer Holdings Plc has 1 subsidiary company.
Ultimate parent company
LAUNCHMYCAREER HOLDINGS PLC
11589976
1 subsidiary
launchmycareer holdings plc directors
Launchmycareer Holdings Plc currently has 2 directors. The longest serving directors include Mr Christopher Jeffries (Sep 2018) and Mr Scott Ashby (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Jeffries | United Kingdom | 47 years | Sep 2018 | - | Director |
| Mr Scott Ashby | England | 62 years | May 2023 | - | Director |
P&L
October 2021turnover
7.4m
+486%
operating profit
-2.5m
+129%
gross margin
60.8%
+38.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2021net assets
21.5m
+7.65%
total assets
24m
+5.92%
cash
7.5m
+6.27%
net assets
Total assets minus all liabilities
Similar Companies
launchmycareer holdings plc company details
company number
11589976
Type
Public limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2021
previous names
veative group holdings plc (May 2023)
dev clever holdings plc (January 2023)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
lmc campus, new beacon group, stafford education and enterpris, stafford, ST18 0BF
Bank
SANTANDER UK PLC
Legal Advisor
FLADGATE LLP
launchmycareer holdings 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 launchmycareer holdings plc.
launchmycareer holdings plc Capital Raised & Share Issues BETA
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launchmycareer holdings plc Companies House Filings - See Documents
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