toffeex limited
toffeex limited Company Information
Company Number
11886947
Website
www.toffeeam.co.ukRegistered Address
125 wood street, london, EC2V 7AW
Industry
Other research and experimental development on natural sciences and engineering
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
iq capital partners gp iii llp a/c iqcf iii lp 19.1%
francesco montomoli 17.4%
View Alltoffeex limited Estimated Valuation
Pomanda estimates the enterprise value of TOFFEEX LIMITED at £1.9m based on a Turnover of £1.6m and 1.23x industry multiple (adjusted for size and gross margin).
toffeex limited Estimated Valuation
Pomanda estimates the enterprise value of TOFFEEX LIMITED at £0 based on an EBITDA of £-186.2k and a 5.41x industry multiple (adjusted for size and gross margin).
toffeex limited Estimated Valuation
Pomanda estimates the enterprise value of TOFFEEX LIMITED at £14m based on Net Assets of £5.8m and 2.39x industry multiple (adjusted for liquidity).
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Toffeex Limited Overview
Toffeex Limited is a live company located in london, EC2V 7AW with a Companies House number of 11886947. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in March 2019, it's largest shareholder is iq capital partners gp iii llp a/c iqcf iii lp with a 19.1% stake. Toffeex Limited is a young, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.
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Toffeex Limited Health Check
Pomanda's financial health check has awarded Toffeex Limited a 3 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 £1.6m, make it smaller than the average company (£3.9m)
- Toffeex Limited
£3.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Toffeex Limited
- - Industry AVG
Production
with a gross margin of 47.7%, this company has a comparable cost of product (47.7%)
- Toffeex Limited
47.7% - Industry AVG
Profitability
an operating margin of -12.7% make it less profitable than the average company (4.5%)
- Toffeex Limited
4.5% - Industry AVG
Employees
with 19 employees, this is below the industry average (46)
19 - Toffeex Limited
46 - Industry AVG
Pay Structure
on an average salary of £55k, the company has an equivalent pay structure (£55k)
- Toffeex Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £83.5k, this is less efficient (£108.1k)
- Toffeex Limited
£108.1k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (49 days)
- Toffeex Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (46 days)
- Toffeex Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Toffeex Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1294 weeks, this is more cash available to meet short term requirements (42 weeks)
1294 weeks - Toffeex Limited
42 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.9%, this is a lower level of debt than the average (39.3%)
2.9% - Toffeex Limited
39.3% - Industry AVG
TOFFEEX LIMITED financials
Toffeex Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £5.8 million. According to their latest financial statements, Toffeex Limited has 19 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Sep 2019 | |
|---|---|---|---|---|
| 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 | 19 | 12 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Sep 2019 | |
|---|---|---|---|---|
| Tangible Assets | 57,196 | 12,950 | 10,374 | 0 |
| Intangible Assets | 991,819 | 565,271 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,049,015 | 578,221 | 10,374 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 235,985 | 49,871 | 30,194 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 307,528 | 145,045 | 70,704 | 0 |
| Cash | 4,413,028 | 201,835 | 539,269 | 5 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 4,956,541 | 396,751 | 640,167 | 5 |
| total assets | 6,005,556 | 974,972 | 650,541 | 5 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 46,108 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 131,150 | 42,661 | 5,055 | 0 |
| total current liabilities | 177,258 | 42,661 | 5,055 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 177,258 | 42,661 | 5,055 | 0 |
| net assets | 5,828,298 | 932,311 | 645,486 | 5 |
| total shareholders funds | 5,828,298 | 932,311 | 645,486 | 5 |
| Mar 2023 | Mar 2022 | Mar 2021 | Sep 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 15,883 | 2,711 | 1,786 | |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 348,597 | 94,018 | 100,898 | 0 |
| Creditors | 46,108 | 0 | 0 | 0 |
| Accruals and Deferred Income | 88,489 | 37,606 | 5,055 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 4,211,193 | -337,434 | 539,269 | 5 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 4,211,193 | -337,434 | 539,269 | 5 |
toffeex limited Credit Report and Business Information
Toffeex Limited Competitor Analysis
Perform a competitor analysis for toffeex limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
toffeex limited Ownership
TOFFEEX LIMITED group structure
Toffeex Limited has no subsidiary companies.
Ultimate parent company
TOFFEEX LIMITED
11886947
toffeex limited directors
Toffeex Limited currently has 3 directors. The longest serving directors include Mr Marco Pietropaoli (Mar 2019) and Mr Richard Crosfield (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marco Pietropaoli | United Kingdom | 37 years | Mar 2019 | - | Director |
| Mr Richard Crosfield | United Kingdom | 38 years | Aug 2022 | - | Director |
| Mr Rory Scott Russell | England | 45 years | Aug 2022 | - | Director |
P&L
March 2023turnover
1.6m
+84%
operating profit
-202.1k
0%
gross margin
47.8%
+0.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
5.8m
+5.25%
total assets
6m
+5.16%
cash
4.4m
+20.86%
net assets
Total assets minus all liabilities
toffeex limited company details
company number
11886947
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
March 2019
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
toffeeam limited (December 2023)
accountant
-
auditor
-
address
125 wood street, london, EC2V 7AW
Bank
-
Legal Advisor
-
toffeex 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 toffeex limited.
toffeex limited Companies House Filings - See Documents
| date | description | view/download |
|---|
