minerva testing limited
minerva testing limited Company Information
Company Number
11865021
Website
minervatesting.comRegistered Address
mill house mill court, great shelford, cambridge, CB22 5LD
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
richard norman 50%
simon beeston 50%
minerva testing limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA TESTING LIMITED at £113.4k based on a Turnover of £166.7k and 0.68x industry multiple (adjusted for size and gross margin).
minerva testing limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA TESTING LIMITED at £653.6k based on an EBITDA of £132.9k and a 4.92x industry multiple (adjusted for size and gross margin).
minerva testing limited Estimated Valuation
Pomanda estimates the enterprise value of MINERVA TESTING LIMITED at £272.6k based on Net Assets of £122.6k and 2.22x industry multiple (adjusted for liquidity).
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Minerva Testing Limited Overview
Minerva Testing Limited is a live company located in cambridge, CB22 5LD with a Companies House number of 11865021. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2019, it's largest shareholder is richard norman with a 50% stake. Minerva Testing Limited is a young, micro sized company, Pomanda has estimated its turnover at £166.7k with declining growth in recent years.
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Minerva Testing Limited Health Check
Pomanda's financial health check has awarded Minerva Testing Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £166.7k, make it smaller than the average company (£679.9k)
- Minerva Testing Limited
£679.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (9.1%)
- Minerva Testing Limited
9.1% - Industry AVG
Production
with a gross margin of 44.4%, this company has a comparable cost of product (44.4%)
- Minerva Testing Limited
44.4% - Industry AVG
Profitability
an operating margin of 79.7% make it more profitable than the average company (6.7%)
- Minerva Testing Limited
6.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Minerva Testing Limited
7 - Industry AVG
Pay Structure
on an average salary of £54.1k, the company has an equivalent pay structure (£54.1k)
- Minerva Testing Limited
£54.1k - Industry AVG
Efficiency
resulting in sales per employee of £83.3k, this is less efficient (£125.6k)
- Minerva Testing Limited
£125.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Minerva Testing Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (27 days)
- Minerva Testing Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Minerva Testing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (19 weeks)
18 weeks - Minerva Testing Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.5%, this is a lower level of debt than the average (53.4%)
22.5% - Minerva Testing Limited
53.4% - Industry AVG
MINERVA TESTING LIMITED financials
Minerva Testing Limited's latest turnover from March 2024 is estimated at £166.7 thousand and the company has net assets of £122.6 thousand. According to their latest financial statements, Minerva Testing Limited has 2 employees and maintains cash reserves of £12.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | 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 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| 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 | 10,038 | 12,303 |
| Total Fixed Assets | 0 | 0 | 0 | 10,038 | 12,303 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 21,000 | 0 | 0 | 37,469 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 145,547 | 12,870 | 10,861 | 0 | 0 |
| Cash | 12,773 | 62,563 | 19,738 | 14,602 | 52,642 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 158,320 | 96,433 | 30,599 | 14,602 | 90,111 |
| total assets | 158,320 | 96,433 | 30,599 | 24,640 | 102,414 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,973 | 72,082 | 1,605 | 0 | 72,000 |
| 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 | 32,704 | 2,800 | 2,299 | 1,500 | 7,102 |
| total current liabilities | 35,677 | 74,882 | 3,904 | 1,500 | 79,102 |
| 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 | 35,677 | 74,882 | 3,904 | 1,500 | 79,102 |
| net assets | 122,643 | 21,551 | 26,695 | 23,140 | 23,312 |
| total shareholders funds | 122,643 | 21,551 | 26,695 | 23,140 | 23,312 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 111,677 | 23,009 | 823 | -39,734 | 49,772 |
| Creditors | -69,109 | 70,477 | 1,605 | -72,000 | 72,000 |
| Accruals and Deferred Income | 29,904 | 501 | 799 | -5,602 | 7,102 |
| 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 | 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 | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -49,790 | 42,825 | 5,136 | -38,040 | 52,642 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -49,790 | 42,825 | 5,136 | -38,040 | 52,642 |
minerva testing limited Credit Report and Business Information
Minerva Testing Limited Competitor Analysis
Perform a competitor analysis for minerva testing limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CB22 area or any other competitors across 12 key performance metrics.
minerva testing limited Ownership
MINERVA TESTING LIMITED group structure
Minerva Testing Limited has no subsidiary companies.
Ultimate parent company
MINERVA TESTING LIMITED
11865021
minerva testing limited directors
Minerva Testing Limited currently has 2 directors. The longest serving directors include Mr Simon Beeston (Mar 2019) and Mr Richard Norman (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Beeston | United Kingdom | 67 years | Mar 2019 | - | Director |
| Mr Richard Norman | 50 years | Mar 2019 | - | Director |
P&L
March 2024turnover
166.7k
-21%
operating profit
132.9k
0%
gross margin
44.4%
-7.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
122.6k
+4.69%
total assets
158.3k
+0.64%
cash
12.8k
-0.8%
net assets
Total assets minus all liabilities
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minerva testing limited company details
company number
11865021
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
March 2019
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
NICHOLAS CLIFFE & CO LIMITED
auditor
-
address
mill house mill court, great shelford, cambridge, CB22 5LD
Bank
-
Legal Advisor
-
minerva testing 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 minerva testing limited.
minerva testing limited Companies House Filings - See Documents
| date | description | view/download |
|---|
