Pomanda estimates the enterprise value of VERUM PROJECTS LTD at £235.8k based on a Turnover of £877.4k and 0.27x industry multiple (adjusted for size and gross margin).
verum projects ltdEstimated Valuation
£118.1k
Pomanda estimates the enterprise value of VERUM PROJECTS LTD at £118.1k based on an EBITDA of £39.8k and a 2.97x industry multiple (adjusted for size and gross margin).
verum projects ltdEstimated Valuation
£561.1k
Pomanda estimates the enterprise value of VERUM PROJECTS LTD at £561.1k based on Net Assets of £232.6k and 2.41x industry multiple (adjusted for liquidity).
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Verum Projects LtdOverview
Verum Projects Ltd is a live company located in nottingham, NG12 4DG with a Companies House number of 11866418. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in March 2019, it's largest shareholder is
handystaff ltd
with a 100% stake. Verum Projects Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£877.4k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Verum Projects Ltd a 4 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
Health Rating4out of 5
5 Strong
1 Regular
4 Weak
Size
annual sales of £877.4k, make it larger than the average company (£334.2k)
£877.4k - Verum Projects Ltd
£334.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.1%)
10% - Verum Projects Ltd
8.1% - Industry AVG
Production
with a gross margin of 14.8%, this company has a higher cost of product (25.9%)
14.8% - Verum Projects Ltd
25.9% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (7.2%)
4.5% - Verum Projects Ltd
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Verum Projects Ltd
3 - Industry AVG
Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
£31.1k - Verum Projects Ltd
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £438.7k, this is more efficient (£130.7k)
£438.7k - Verum Projects Ltd
£130.7k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (51 days)
136 days - Verum Projects Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (30 days)
47 days - Verum Projects Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Verum Projects Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Verum Projects Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (73.6%)
30.8% - Verum Projects Ltd
73.6% - Industry AVG
VERUM PROJECTS LTD financials
EXPORT
Verum Projects Ltd's latest turnover from August 2023 is estimated at £877.4 thousand and the company has net assets of £232.6 thousand. According to their latest financial statements, Verum Projects Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Turnover
877,445
1,584,064
1,066,230
651,845
Other Income Or Grants
Cost Of Sales
747,618
1,350,405
900,535
540,776
Gross Profit
129,827
233,659
165,695
111,069
Admin Expenses
90,054
219,778
-25,916
66,195
Operating Profit
39,773
13,881
191,611
44,874
Interest Payable
Interest Receivable
Pre-Tax Profit
39,773
13,881
191,611
44,874
Tax
-9,943
-2,637
-36,406
-8,526
Profit After Tax
29,830
11,244
155,205
36,348
Dividends Paid
Retained Profit
29,830
11,244
155,205
36,348
Employee Costs
62,196
67,294
64,398
97,313
Number Of Employees
2
2
2
3
EBITDA*
39,773
13,881
191,611
44,874
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Tangible Assets
8,997
11,996
Intangible Assets
Investments & Other
2
Debtors (Due After 1 year)
Total Fixed Assets
8,997
11,996
2
Stock & work in progress
Trade Debtors
327,195
584,224
429,643
166,267
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
327,195
584,224
429,643
166,267
total assets
336,192
596,220
429,643
166,269
Bank overdraft
Bank loan
Trade Creditors
96,565
256,941
158,443
123,749
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
96,565
256,941
158,443
123,749
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
55,346
6,295
provisions
7,000
81,136
73,352
6,172
total long term liabilities
7,000
136,482
79,647
6,172
total liabilities
103,565
393,423
238,090
129,921
net assets
232,627
202,797
191,553
36,348
total shareholders funds
232,627
202,797
191,553
36,348
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Operating Activities
Operating Profit
39,773
13,881
191,611
44,874
Depreciation
Amortisation
Tax
-9,943
-2,637
-36,406
-8,526
Stock
Debtors
-257,029
154,581
263,376
166,267
Creditors
-160,376
98,498
34,694
123,749
Accruals and Deferred Income
Deferred Taxes & Provisions
-74,136
7,784
67,180
6,172
Cash flow from operations
52,347
-37,055
-6,297
2
Investing Activities
capital expenditure
2,999
-11,996
Change in Investments
-2
2
cash flow from investments
2,999
-11,996
2
-2
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-55,346
49,051
6,295
share issue
interest
cash flow from financing
-55,346
49,051
6,295
cash and cash equivalents
cash
overdraft
change in cash
verum projects ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for verum projects ltd. Get real-time insights into verum projects ltd's credit score, group structure and payment trends.
Perform a competitor analysis for verum projects ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NG12 area or any other competitors across 12 key performance metrics.
verum projects ltd Ownership
VERUM PROJECTS LTD group structure
Verum Projects Ltd has no subsidiary companies.
Ultimate parent company
VERUM PROJECTS LTD
11866418
VERUM PROJECTS LTD Shareholders
The sole shareholder of Verum Projects Ltd is Handystaff Ltd.
handystaff ltd
100%
verum projects ltd directors
Verum Projects Ltd currently has 1 director, Mr Robert Appleby serving since Mar 2019.
unit 7 landmere lane, edwalton, nottingham, NG12 4DG
Bank
-
Legal Advisor
-
verum projects 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 did not find charges/mortgages relating to verum projects ltd.
verum projects 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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verum projects ltdCompanies House Filings - See Documents
