veremark ltd
veremark ltd Company Information
Company Number
11681510
Next Accounts
Sep 2025
Shareholders
stage 2 capital fund iii-a lp
daniel callaghan
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
85 great portland street, london, W1W 7LT
Website
veremark.comveremark ltd Estimated Valuation
Pomanda estimates the enterprise value of VEREMARK LTD at £2.9m based on a Turnover of £3.2m and 0.91x industry multiple (adjusted for size and gross margin).
veremark ltd Estimated Valuation
Pomanda estimates the enterprise value of VEREMARK LTD at £0 based on an EBITDA of £-2.2m and a 5.54x industry multiple (adjusted for size and gross margin).
veremark ltd Estimated Valuation
Pomanda estimates the enterprise value of VEREMARK LTD at £7.7m based on Net Assets of £3.2m and 2.38x industry multiple (adjusted for liquidity).
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Veremark Ltd Overview
Veremark Ltd is a live company located in london, W1W 7LT with a Companies House number of 11681510. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2018, it's largest shareholder is stage 2 capital fund iii-a lp with a 14.7% stake. Veremark Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.2m with high growth in recent years.
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Veremark Ltd Health Check
Pomanda's financial health check has awarded Veremark Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£4.5m)
- Veremark Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (10.2%)
- Veremark Ltd
10.2% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
- Veremark Ltd
72% - Industry AVG
Profitability
an operating margin of -68.9% make it less profitable than the average company (3.4%)
- Veremark Ltd
3.4% - Industry AVG
Employees
with 17 employees, this is below the industry average (42)
17 - Veremark Ltd
42 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)
- Veremark Ltd
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £186k, this is more efficient (£121.9k)
- Veremark Ltd
£121.9k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (58 days)
- Veremark Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 218 days, this is slower than average (41 days)
- Veremark Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Veremark Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (17 weeks)
70 weeks - Veremark Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a lower level of debt than the average (62.9%)
42.9% - Veremark Ltd
62.9% - Industry AVG
VEREMARK LTD financials
Veremark Ltd's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £3.2 million. According to their latest financial statements, Veremark Ltd has 17 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 17 | 11 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 28,129 | 39,589 | 8,978 | 2,312 | |
| Intangible Assets | 26,795 | ||||
| Investments & Other | 282,909 | 15,434 | |||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 337,833 | 55,023 | 8,978 | 2,312 | |
| Stock & work in progress | |||||
| Trade Debtors | 683,848 | 467,726 | 1,555,966 | 362,609 | 119,614 |
| Group Debtors | 2,649,217 | 875,038 | |||
| Misc Debtors | 589,412 | 510,115 | 116,160 | 1,931 | 1,420 |
| Cash | 1,385,929 | 5,440,812 | |||
| misc current assets | |||||
| total current assets | 5,308,406 | 7,293,691 | 1,672,126 | 364,540 | 121,034 |
| total assets | 5,646,239 | 7,348,714 | 1,681,104 | 366,852 | 121,034 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 529,058 | 447,040 | 76,062 | 91,906 | 27,145 |
| Group/Directors Accounts | 162,873 | 5 | |||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 330,011 | 119,598 | |||
| total current liabilities | 1,021,942 | 566,643 | 76,062 | 91,906 | 27,145 |
| loans | 1,400,000 | 1,400,000 | |||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 57,742 | 82,995 | 16,550 | ||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 1,400,000 | 1,400,000 | 57,742 | 82,995 | 16,550 |
| total liabilities | 2,421,942 | 1,966,643 | 133,804 | 174,901 | 43,695 |
| net assets | 3,224,297 | 5,382,071 | 1,547,300 | 191,951 | 77,339 |
| total shareholders funds | 3,224,297 | 5,382,071 | 1,547,300 | 191,951 | 77,339 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 19,405 | 11,922 | |||
| Amortisation | 1,914 | ||||
| Tax | |||||
| Stock | |||||
| Debtors | 2,069,598 | 180,753 | 1,307,586 | 364,540 | 121,034 |
| Creditors | 82,018 | 370,978 | -15,844 | 91,906 | 27,145 |
| Accruals and Deferred Income | 210,413 | 61,856 | -25,253 | 82,995 | 16,550 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 267,475 | 15,434 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 162,868 | 5 | |||
| Other Short Term Loans | |||||
| Long term loans | 1,400,000 | ||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -4,054,883 | 5,440,812 | |||
| overdraft | |||||
| change in cash | -4,054,883 | 5,440,812 |
veremark ltd Credit Report and Business Information
Veremark Ltd Competitor Analysis
Perform a competitor analysis for veremark ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in W1W area or any other competitors across 12 key performance metrics.
veremark ltd Ownership
VEREMARK LTD group structure
Veremark Ltd has no subsidiary companies.
Ultimate parent company
VEREMARK LTD
11681510
veremark ltd directors
Veremark Ltd currently has 5 directors. The longest serving directors include Mr Daniel Braithwaite (Nov 2018) and Mr Angus Bankes (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Braithwaite | England | 42 years | Nov 2018 | - | Director |
| Mr Angus Bankes | United Kingdom | 61 years | Aug 2019 | - | Director |
| Mr Daniel Callaghan | England | 43 years | Jan 2020 | - | Director |
| Mr Guy Underwood | England | 58 years | Oct 2021 | - | Director |
| Ms Amanda Cole | United States | 51 years | Nov 2024 | - | Director |
P&L
December 2023turnover
3.2m
+55%
operating profit
-2.2m
0%
gross margin
72%
+0.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.2m
-0.4%
total assets
5.6m
-0.23%
cash
1.4m
-0.75%
net assets
Total assets minus all liabilities
veremark ltd company details
company number
11681510
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 2018
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
RPG CROUCH CHAPMAN LLP
auditor
-
address
85 great portland street, london, W1W 7LT
Bank
-
Legal Advisor
-
veremark 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 found 1 charges/mortgages relating to veremark ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
veremark 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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veremark ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
