ices holdings limited

ices holdings limited Company Information

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Company Number

11763412

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.

 
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Shareholders

ices (wuhan) technology co ltd

Group Structure

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Contact

Registered Address

international house, midland road, higham ferrers, northamptonshire, NN10 8DN

ices holdings limited Estimated Valuation

£3.5m

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

£0

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

£15.1m

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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 36 employees, this is below the industry average (47)

36 - Ices Holdings Limited

47 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Turnover4,881,5879,715,96215,835,85110,628,162248,456
Other Income Or Grants00000
Cost Of Sales3,453,1105,827,5966,781,2946,460,169167,871
Gross Profit1,428,4773,888,3669,054,5574,167,99380,585
Admin Expenses2,440,4581,927,1052,970,9802,859,39464,132
Operating Profit-1,011,9811,961,2616,083,5771,308,59916,453
Interest Payable11,00422,96623,77920,1660
Interest Receivable20,91959,81154,40214,0090
Pre-Tax Profit-1,002,0661,998,1066,114,2001,302,44216,453
Tax565,02341,329-1,024,309-183,393-3,126
Profit After Tax-437,0432,039,4355,089,8911,119,04913,327
Dividends Paid981,000648,000000
Retained Profit-1,418,0431,391,4355,089,8911,119,04913,327
Employee Costs953,4611,311,1841,579,7451,790,18595,451
Number Of Employees363942462
EBITDA*-897,1992,087,6486,212,7201,331,65855,927

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Tangible Assets102,75298,046146,092120,481160,276
Intangible Assets-468,352-562,023-654,608-747,2770
Investments & Other0000124,282
Debtors (Due After 1 year)00000
Total Fixed Assets-365,600-463,977-508,516-626,796284,558
Stock & work in progress139,333125,03342,60799,7790
Trade Debtors578,7682,130,0371,085,297249,6310
Group Debtors1,036,65300055,968
Misc Debtors642,769974,8401,650,5821,537,21938,861
Cash5,471,0748,963,2488,145,1154,051,0750
misc current assets00000
total current assets7,868,59712,193,15810,923,6015,937,70494,829
total assets7,502,99711,729,18110,415,0855,310,908379,387
Bank overdraft00000
Bank loan00000
Trade Creditors 225,2702,524,2361,068,100709,8540
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities617,9801,060,2902,364,6452,946,191365,960
total current liabilities843,2503,584,5263,432,7453,656,045365,960
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions6,8420217,31800
total long term liabilities6,8420217,31800
total liabilities850,0923,584,5263,650,0633,656,045365,960
net assets6,652,9058,144,6556,765,0221,654,86313,427
total shareholders funds6,652,9058,144,6556,765,0221,654,86313,427
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Operating Activities
Operating Profit-1,011,9811,961,2616,083,5771,308,59916,453
Depreciation21,11133,57736,47423,05939,474
Amortisation93,67192,81092,66900
Tax565,02341,329-1,024,309-183,393-3,126
Stock14,30082,426-57,17299,7790
Debtors-846,687368,998949,0291,692,02194,829
Creditors-2,298,9661,456,136358,246709,8540
Accruals and Deferred Income-442,310-1,304,355-581,5462,580,231365,960
Deferred Taxes & Provisions6,842-217,318217,31800
Cash flow from operations-2,234,2231,612,0164,290,5722,646,550323,932
Investing Activities
capital expenditure0000-199,750
Change in Investments000-124,282124,282
cash flow from investments000124,282-324,032
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue-73,707-11,80220,268522,387100
interest9,91536,84530,623-6,1570
cash flow from financing-63,79225,04350,891516,230100
cash and cash equivalents
cash-3,492,174818,1334,094,0404,051,0750
overdraft00000
change in cash-3,492,174818,1334,094,0404,051,0750

ices holdings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ices Holdings Limited Competitor Analysis

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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 Shareholders

ices (wuhan) technology co ltd 100%

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).

officercountryagestartendrole
Mr Xianghua ShiUnited Kingdom49 years Jan 2019- Director
Mr Hongyi TaoEngland61 years Jan 2019- Director

P&L

December 2023

turnover

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 2023

net 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

HEJIAN KATTOR INDUSTRIAL CO LTD

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

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