vic uk insulation limited
vic uk insulation limited Company Information
Company Number
11892284
Next Accounts
May 2025
Shareholders
merit group holdings limited
vic international bv
View AllGroup Structure
View All
Industry
Manufacture of other non-metallic mineral products n.e.c.
Registered Address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Website
-vic uk insulation limited Estimated Valuation
Pomanda estimates the enterprise value of VIC UK INSULATION LIMITED at £468.9k based on a Turnover of £973.2k and 0.48x industry multiple (adjusted for size and gross margin).
vic uk insulation limited Estimated Valuation
Pomanda estimates the enterprise value of VIC UK INSULATION LIMITED at £85.2k based on an EBITDA of £28.7k and a 2.97x industry multiple (adjusted for size and gross margin).
vic uk insulation limited Estimated Valuation
Pomanda estimates the enterprise value of VIC UK INSULATION LIMITED at £0 based on Net Assets of £-548.4k and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Vic Uk Insulation Limited Overview
Vic Uk Insulation Limited is a live company located in rochester, ME2 4WS with a Companies House number of 11892284. It operates in the manufacture of other non-metallic mineral products n.e.c. sector, SIC Code 23990. Founded in March 2019, it's largest shareholder is merit group holdings limited with a 56% stake. Vic Uk Insulation Limited is a young, small sized company, Pomanda has estimated its turnover at £973.2k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Vic Uk Insulation Limited Health Check
Pomanda's financial health check has awarded Vic Uk Insulation Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £973.2k, make it smaller than the average company (£26.6m)
- Vic Uk Insulation Limited
£26.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (7.8%)
- Vic Uk Insulation Limited
7.8% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
- Vic Uk Insulation Limited
24.5% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (5.2%)
- Vic Uk Insulation Limited
5.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (60)
3 - Vic Uk Insulation Limited
60 - Industry AVG
Pay Structure
on an average salary of £50.2k, the company has an equivalent pay structure (£50.2k)
- Vic Uk Insulation Limited
£50.2k - Industry AVG
Efficiency
resulting in sales per employee of £324.4k, this is equally as efficient (£324.4k)
- Vic Uk Insulation Limited
£324.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Vic Uk Insulation Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Vic Uk Insulation Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Vic Uk Insulation Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Vic Uk Insulation Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4807.8%, this is a higher level of debt than the average (55.7%)
4807.8% - Vic Uk Insulation Limited
55.7% - Industry AVG
VIC UK INSULATION LIMITED financials
Vic Uk Insulation Limited's latest turnover from August 2023 is estimated at £973.2 thousand and the company has net assets of -£548.4 thousand. According to their latest financial statements, Vic Uk Insulation Limited has 3 employees and maintains cash reserves of £84 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 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 | 3 | 4 | 4 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 99,105 | 123,881 | 154,852 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 99,105 | 123,881 | 154,852 |
| Stock & work in progress | 0 | 53,414 | 65,231 | 128,482 |
| Trade Debtors | 0 | 53,566 | 88,370 | 92,813 |
| Group Debtors | 8,700 | 30,304 | 0 | 0 |
| Misc Debtors | 2,864 | 2,916 | 4,454 | 4,349 |
| Cash | 84 | 2,248 | 34,487 | 584 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 11,648 | 142,448 | 192,542 | 226,228 |
| total assets | 11,648 | 241,553 | 316,423 | 381,080 |
| Bank overdraft | 0 | 0 | 39,553 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 3,435 | 519,830 | 420,830 |
| Group/Directors Accounts | 554,872 | 113,369 | 12,589 | 54,883 |
| other short term finances | 0 | 25,023 | 0 | 0 |
| hp & lease commitments | 0 | 34,636 | 0 | 0 |
| other current liabilities | 5,142 | 577,562 | 119,580 | 101,847 |
| total current liabilities | 560,014 | 754,025 | 691,552 | 577,560 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 50,196 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 84,832 | 118,046 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 50,196 | 84,832 | 118,046 |
| total liabilities | 560,014 | 804,221 | 776,384 | 695,606 |
| net assets | -548,366 | -562,668 | -459,961 | -314,526 |
| total shareholders funds | -548,366 | -562,668 | -459,961 | -314,526 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 8,258 | 24,776 | 30,971 | 37,931 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -53,414 | -11,817 | -63,251 | 128,482 |
| Debtors | -75,222 | -6,038 | -4,338 | 97,162 |
| Creditors | -3,435 | -516,395 | 99,000 | 420,830 |
| Accruals and Deferred Income | -572,420 | 457,982 | 17,733 | 101,847 |
| 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 | 441,503 | 100,780 | -42,294 | 54,883 |
| Other Short Term Loans | -25,023 | 25,023 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -84,832 | 84,832 | 0 | 0 |
| other long term liabilities | 0 | -84,832 | -33,214 | 118,046 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -2,164 | -32,239 | 33,903 | 584 |
| overdraft | 0 | -39,553 | 39,553 | 0 |
| change in cash | -2,164 | 7,314 | -5,650 | 584 |
vic uk insulation limited Credit Report and Business Information
Vic Uk Insulation Limited Competitor Analysis
Perform a competitor analysis for vic uk insulation limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in ME2 area or any other competitors across 12 key performance metrics.
vic uk insulation limited Ownership
VIC UK INSULATION LIMITED group structure
Vic Uk Insulation Limited has no subsidiary companies.
Ultimate parent company
1 parent
VIC UK INSULATION LIMITED
11892284
vic uk insulation limited directors
Vic Uk Insulation Limited currently has 2 directors. The longest serving directors include Mr Peter Ligtenberg (Mar 2019) and Mr Richard Ashford (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Ligtenberg | United Kingdom | 39 years | Mar 2019 | - | Director |
| Mr Richard Ashford | United Kingdom | 46 years | Mar 2019 | - | Director |
P&L
August 2023turnover
973.2k
+108%
operating profit
20.4k
0%
gross margin
24.6%
-1.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-548.4k
-0.03%
total assets
11.6k
-0.95%
cash
84
-0.96%
net assets
Total assets minus all liabilities
Similar Companies
vic uk insulation limited company details
company number
11892284
Type
Private limited with Share Capital
industry
23990 - Manufacture of other non-metallic mineral products n.e.c.
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
August 2023
previous names
N/A
accountant
KRESTON REEVES LLP
auditor
-
address
merit house whitewall road, medway city estate, rochester, ME2 4WS
Bank
-
Legal Advisor
-
vic uk insulation 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 vic uk insulation limited. Currently there are 1 open charges and 0 have been satisfied in the past.
vic uk insulation 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.
Click to start generating capital raising & share issue transactions for VIC UK INSULATION LIMITED. This can take several minutes, an email will notify you when this has completed.
vic uk insulation limited Companies House Filings - See Documents
| date | description | view/download |
|---|
