ices holdings limited Company Information
Company Number
11763412
Next Accounts
Sep 2025
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
ices (wuhan) technology co ltd
Group Structure
View All
Contact
Registered Address
international house, midland road, higham ferrers, northamptonshire, NN10 8DN
Website
dormanlongtechnology.comices holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ICES HOLDINGS LIMITED at £3.5m based on a Turnover of £4.9m and 0.71x industry multiple (adjusted for size and gross margin).
ices holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ICES HOLDINGS LIMITED at £0 based on an EBITDA of £-897.2k and a 4.84x industry multiple (adjusted for size and gross margin).
ices holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ICES HOLDINGS LIMITED at £15.1m based on Net Assets of £6.7m and 2.28x industry multiple (adjusted for liquidity).
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Ices Holdings Limited Overview
Ices Holdings Limited is a live company located in higham ferrers, NN10 8DN with a Companies House number of 11763412. It operates in the other engineering activities sector, SIC Code 71129. Founded in January 2019, it's largest shareholder is ices (wuhan) technology co ltd with a 100% stake. Ices Holdings Limited is a young, small sized company, Pomanda has estimated its turnover at £4.9m with declining growth in recent years.
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Ices Holdings Limited Health Check
Pomanda's financial health check has awarded Ices Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.9m, make it smaller than the average company (£7.3m)
£4.9m - Ices Holdings Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (8.3%)
-23% - Ices Holdings Limited
8.3% - Industry AVG
Production
with a gross margin of 29.3%, this company has a comparable cost of product (33.8%)
29.3% - Ices Holdings Limited
33.8% - Industry AVG
Profitability
an operating margin of -20.7% make it less profitable than the average company (5.6%)
-20.7% - Ices Holdings Limited
5.6% - Industry AVG
Employees
with 36 employees, this is below the industry average (47)
36 - Ices Holdings Limited
47 - Industry AVG
Pay Structure
on an average salary of £26.5k, the company has a lower pay structure (£53.3k)
£26.5k - Ices Holdings Limited
£53.3k - Industry AVG
Efficiency
resulting in sales per employee of £135.6k, this is equally as efficient (£137.1k)
£135.6k - Ices Holdings Limited
£137.1k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (65 days)
43 days - Ices Holdings Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (33 days)
23 days - Ices Holdings Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (32 days)
14 days - Ices Holdings Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 337 weeks, this is more cash available to meet short term requirements (16 weeks)
337 weeks - Ices Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.3%, this is a lower level of debt than the average (57.6%)
11.3% - Ices Holdings Limited
57.6% - Industry AVG
ICES HOLDINGS LIMITED financials
Ices Holdings Limited's latest turnover from December 2023 is £4.9 million and the company has net assets of £6.7 million. According to their latest financial statements, Ices Holdings Limited has 36 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|---|
Turnover | 4,881,587 | 9,715,962 | 15,835,851 | 10,628,162 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | |
Cost Of Sales | 3,453,110 | 5,827,596 | 6,781,294 | 6,460,169 | |
Gross Profit | 1,428,477 | 3,888,366 | 9,054,557 | 4,167,993 | |
Admin Expenses | 2,440,458 | 1,927,105 | 2,970,980 | 2,859,394 | |
Operating Profit | -1,011,981 | 1,961,261 | 6,083,577 | 1,308,599 | |
Interest Payable | 11,004 | 22,966 | 23,779 | 20,166 | |
Interest Receivable | 20,919 | 59,811 | 54,402 | 14,009 | |
Pre-Tax Profit | -1,002,066 | 1,998,106 | 6,114,200 | 1,302,442 | |
Tax | 565,023 | 41,329 | -1,024,309 | -183,393 | |
Profit After Tax | -437,043 | 2,039,435 | 5,089,891 | 1,119,049 | |
Dividends Paid | 981,000 | 648,000 | 0 | 0 | |
Retained Profit | -1,418,043 | 1,391,435 | 5,089,891 | 1,119,049 | |
Employee Costs | 953,461 | 1,311,184 | 1,579,745 | 1,790,185 | |
Number Of Employees | 36 | 39 | 42 | 46 | 2 |
EBITDA* | -897,199 | 2,087,648 | 6,212,720 | 1,331,658 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|---|
Tangible Assets | 102,752 | 98,046 | 146,092 | 120,481 | 160,276 |
Intangible Assets | -468,352 | -562,023 | -654,608 | -747,277 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 124,282 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | -365,600 | -463,977 | -508,516 | -626,796 | 284,558 |
Stock & work in progress | 139,333 | 125,033 | 42,607 | 99,779 | 0 |
Trade Debtors | 578,768 | 2,130,037 | 1,085,297 | 249,631 | 0 |
Group Debtors | 1,036,653 | 0 | 0 | 0 | 55,968 |
Misc Debtors | 642,769 | 974,840 | 1,650,582 | 1,537,219 | 38,861 |
Cash | 5,471,074 | 8,963,248 | 8,145,115 | 4,051,075 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 |
total current assets | 7,868,597 | 12,193,158 | 10,923,601 | 5,937,704 | 94,829 |
total assets | 7,502,997 | 11,729,181 | 10,415,085 | 5,310,908 | 379,387 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 225,270 | 2,524,236 | 1,068,100 | 709,854 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 617,980 | 1,060,290 | 2,364,645 | 2,946,191 | 365,960 |
total current liabilities | 843,250 | 3,584,526 | 3,432,745 | 3,656,045 | 365,960 |
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 | 6,842 | 0 | 217,318 | 0 | 0 |
total long term liabilities | 6,842 | 0 | 217,318 | 0 | 0 |
total liabilities | 850,092 | 3,584,526 | 3,650,063 | 3,656,045 | 365,960 |
net assets | 6,652,905 | 8,144,655 | 6,765,022 | 1,654,863 | 13,427 |
total shareholders funds | 6,652,905 | 8,144,655 | 6,765,022 | 1,654,863 | 13,427 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
---|---|---|---|---|---|
Operating Activities | |||||
Operating Profit | -1,011,981 | 1,961,261 | 6,083,577 | 1,308,599 | |
Depreciation | 21,111 | 33,577 | 36,474 | 23,059 | 39,474 |
Amortisation | 93,671 | 92,810 | 92,669 | 0 | 0 |
Tax | 565,023 | 41,329 | -1,024,309 | -183,393 | |
Stock | 14,300 | 82,426 | -57,172 | 99,779 | 0 |
Debtors | -846,687 | 368,998 | 949,029 | 1,692,021 | 94,829 |
Creditors | -2,298,966 | 1,456,136 | 358,246 | 709,854 | 0 |
Accruals and Deferred Income | -442,310 | -1,304,355 | -581,546 | 2,580,231 | 365,960 |
Deferred Taxes & Provisions | 6,842 | -217,318 | 217,318 | 0 | 0 |
Cash flow from operations | -2,234,223 | 1,612,016 | 4,290,572 | 2,646,550 | |
Investing Activities | |||||
capital expenditure | 0 | 0 | 0 | 0 | |
Change in Investments | 0 | 0 | 0 | -124,282 | 124,282 |
cash flow from investments | 0 | 0 | 0 | 124,282 | |
Financing Activities | |||||
Bank loans | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
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 | 9,915 | 36,845 | 30,623 | -6,157 | |
cash flow from financing | -63,792 | 25,043 | 50,891 | 516,230 | |
cash and cash equivalents | |||||
cash | -3,492,174 | 818,133 | 4,094,040 | 4,051,075 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 |
change in cash | -3,492,174 | 818,133 | 4,094,040 | 4,051,075 | 0 |
ices holdings limited Credit Report and Business Information
Ices Holdings Limited Competitor Analysis
Perform a competitor analysis for ices holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NN10 area or any other competitors across 12 key performance metrics.
ices holdings limited Ownership
ICES HOLDINGS LIMITED group structure
Ices Holdings Limited has 2 subsidiary companies.
Ultimate parent company
HEJIAN KATTOR INDUSTRIAL CO LTD
#0134517
ICES (WUHAN) TECHNOLOGY CO LTD
#0126635
2 parents
ICES HOLDINGS LIMITED
11763412
2 subsidiaries
ices holdings limited directors
Ices Holdings Limited currently has 2 directors. The longest serving directors include Mr Xianghua Shi (Jan 2019) and Mr Hongyi Tao (Jan 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Xianghua Shi | United Kingdom | 49 years | Jan 2019 | - | Director |
Mr Hongyi Tao | England | 61 years | Jan 2019 | - | Director |
P&L
December 2023turnover
4.9m
-50%
operating profit
-1m
-152%
gross margin
29.3%
-26.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.7m
-0.18%
total assets
7.5m
-0.36%
cash
5.5m
-0.39%
net assets
Total assets minus all liabilities
ices holdings limited company details
company number
11763412
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
71121 - Engineering design activities for industrial process and production
incorporation date
January 2019
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
dlt engineering holdings limited (January 2019)
accountant
-
auditor
GEARLD EDELMAN LLP
address
international house, midland road, higham ferrers, northamptonshire, NN10 8DN
Bank
-
Legal Advisor
-
ices holdings 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 found 1 charges/mortgages relating to ices holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ices holdings 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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ices holdings limited Companies House Filings - See Documents
date | description | view/download |
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