icr (holdings) 1 limited
icr (holdings) 1 limited Company Information
Company Number
12014587
Next Accounts
Feb 2025
Shareholders
graphite capital partners viii b lp
graphite capital partners viii d lp
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
57-59 elmsfield park, holme, carnforth, lancashire, LA6 1RJ
Website
http://icr-world.comicr (holdings) 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ICR (HOLDINGS) 1 LIMITED at £52.8m based on a Turnover of £41.7m and 1.27x industry multiple (adjusted for size and gross margin).
icr (holdings) 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ICR (HOLDINGS) 1 LIMITED at £76.2m based on an EBITDA of £7.8m and a 9.73x industry multiple (adjusted for size and gross margin).
icr (holdings) 1 limited Estimated Valuation
Pomanda estimates the enterprise value of ICR (HOLDINGS) 1 LIMITED at £0 based on Net Assets of £-17.7m and 2.14x industry multiple (adjusted for liquidity).
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Icr (holdings) 1 Limited Overview
Icr (holdings) 1 Limited is a live company located in carnforth, LA6 1RJ with a Companies House number of 12014587. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2019, it's largest shareholder is graphite capital partners viii b lp with a 27.1% stake. Icr (holdings) 1 Limited is a young, large sized company, Pomanda has estimated its turnover at £41.7m with healthy growth in recent years.
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Icr (holdings) 1 Limited Health Check
Pomanda's financial health check has awarded Icr (Holdings) 1 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £41.7m, make it larger than the average company (£19.5m)
£41.7m - Icr (holdings) 1 Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.1%)
8% - Icr (holdings) 1 Limited
5.1% - Industry AVG
Production
with a gross margin of 49.1%, this company has a lower cost of product (33.4%)
49.1% - Icr (holdings) 1 Limited
33.4% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (5.9%)
-3.8% - Icr (holdings) 1 Limited
5.9% - Industry AVG
Employees
with 228 employees, this is above the industry average (109)
228 - Icr (holdings) 1 Limited
109 - Industry AVG
Pay Structure
on an average salary of £63.6k, the company has a higher pay structure (£47.4k)
£63.6k - Icr (holdings) 1 Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £182.9k, this is equally as efficient (£196k)
£182.9k - Icr (holdings) 1 Limited
£196k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (46 days)
57 days - Icr (holdings) 1 Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (44 days)
61 days - Icr (holdings) 1 Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 73 days, this is more than average (49 days)
73 days - Icr (holdings) 1 Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)
3 weeks - Icr (holdings) 1 Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 163.1%, this is a higher level of debt than the average (56.3%)
163.1% - Icr (holdings) 1 Limited
56.3% - Industry AVG
ICR (HOLDINGS) 1 LIMITED financials
Icr (Holdings) 1 Limited's latest turnover from May 2023 is £41.7 million and the company has net assets of -£17.7 million. According to their latest financial statements, Icr (Holdings) 1 Limited has 228 employees and maintains cash reserves of £901 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 41,693,000 | 34,632,000 | 30,194,000 | 33,290,641 | 31,599,321 | 28,176,245 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 21,225,000 | 17,886,000 | 14,766,000 | 16,734,086 | 15,330,369 | 11,976,951 |
| Gross Profit | 20,468,000 | 16,746,000 | 15,428,000 | 16,556,555 | 16,268,952 | 16,199,294 |
| Admin Expenses | 22,053,000 | 18,899,000 | 17,799,000 | 19,811,501 | 18,142,093 | 17,123,245 |
| Operating Profit | -1,585,000 | -2,153,000 | -2,371,000 | -3,254,946 | -1,873,141 | -923,951 |
| Interest Payable | 3,119,000 | 2,371,000 | 2,060,000 | 2,304,796 | 10,921,300 | 10,080,945 |
| Interest Receivable | 0 | 0 | 0 | 513 | 2,270 | 55,379 |
| Pre-Tax Profit | -4,704,000 | -4,524,000 | -4,431,000 | -5,559,229 | -12,792,171 | -10,949,517 |
| Tax | -1,201,000 | -1,110,000 | -876,000 | -625,655 | -821,238 | -1,525,845 |
| Profit After Tax | -5,905,000 | -5,634,000 | -5,307,000 | -6,184,884 | -13,613,409 | -12,475,362 |
| Dividends Paid | 0 | 0 | 472,000 | 377,300 | 151,597 | 265,176 |
| Retained Profit | -5,803,000 | -5,942,000 | -5,995,000 | -7,156,436 | -14,275,963 | -12,890,113 |
| Employee Costs | 14,507,000 | 11,135,000 | 9,578,000 | 11,233,259 | 10,622,388 | 9,531,046 |
| Number Of Employees | 228 | 203 | 204 | 198 | 196 | 184 |
| EBITDA* | 7,830,000 | 6,896,000 | 5,759,000 | 4,786,425 | 6,962,312 | 7,724,350 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,524,000 | 2,589,000 | 2,628,000 | 2,709,111 | 3,053,724 | 3,708,091 |
| Intangible Assets | 8,424,000 | 16,366,000 | 22,829,000 | 29,380,278 | 35,500,213 | 41,309,124 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,948,000 | 18,955,000 | 25,457,000 | 32,089,389 | 38,553,937 | 45,017,215 |
| Stock & work in progress | 4,296,000 | 3,334,000 | 3,521,000 | 3,202,567 | 2,534,722 | 1,970,217 |
| Trade Debtors | 6,605,000 | 6,243,000 | 5,829,000 | 5,094,757 | 4,871,231 | 5,931,803 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,218,000 | 4,515,000 | 1,942,000 | 2,666,844 | 2,237,038 | 2,369,886 |
| Cash | 901,000 | 1,241,000 | 1,491,000 | 1,835,725 | 1,916,802 | 1,867,460 |
| misc current assets | 0 | 0 | 0 | 0 | 227,348 | 233,515 |
| total current assets | 16,020,000 | 15,333,000 | 12,783,000 | 12,799,893 | 11,787,141 | 12,372,881 |
| total assets | 26,968,000 | 34,288,000 | 38,240,000 | 44,889,282 | 50,341,078 | 57,390,096 |
| Bank overdraft | 0 | 0 | 0 | 5,497,652 | 16,553,987 | 4,721,209 |
| Bank loan | 3,600,000 | 3,500,000 | 5,126,000 | 0 | 0 | 0 |
| Trade Creditors | 3,579,000 | 4,136,000 | 2,125,000 | 629,972 | 1,538,744 | 1,242,605 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 4,556,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 30,000 | 50,000 | 104,000 | 89,414 | 92,581 | 17,883 |
| other current liabilities | 4,734,000 | 6,204,000 | 3,993,000 | 3,760,174 | 2,761,712 | 2,561,345 |
| total current liabilities | 11,943,000 | 18,446,000 | 11,348,000 | 9,977,212 | 20,947,024 | 8,543,042 |
| loans | 30,478,000 | 25,579,000 | 31,169,000 | 33,329,106 | 21,309,511 | 113,174,933 |
| hp & lease commitments | 26,000 | 46,000 | 0 | 0 | 0 | 79,603 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,523,000 | 1,078,000 | 1,000,000 | 944,254 | 960,728 | 881,033 |
| total long term liabilities | 32,027,000 | 26,703,000 | 32,169,000 | 34,273,360 | 22,270,239 | 114,135,569 |
| total liabilities | 43,970,000 | 45,149,000 | 43,517,000 | 44,250,572 | 43,217,263 | 122,678,611 |
| net assets | -17,669,000 | -11,630,000 | -5,714,000 | -58,851 | 6,623,115 | -65,433,461 |
| total shareholders funds | -17,669,000 | -11,630,000 | -5,714,000 | -58,851 | 6,623,115 | -65,433,461 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -1,585,000 | -2,153,000 | -2,371,000 | -3,254,946 | -1,873,141 | -923,951 |
| Depreciation | 540,000 | 564,000 | 686,000 | 759,439 | 1,270,057 | 1,063,523 |
| Amortisation | 8,875,000 | 8,485,000 | 7,444,000 | 7,281,932 | 7,565,396 | 7,584,778 |
| Tax | -1,201,000 | -1,110,000 | -876,000 | -625,655 | -821,238 | -1,525,845 |
| Stock | 962,000 | -187,000 | 318,433 | 667,845 | 564,505 | 1,970,217 |
| Debtors | 65,000 | 2,987,000 | 9,399 | 653,332 | -1,193,420 | 8,301,689 |
| Creditors | -557,000 | 2,011,000 | 1,495,028 | -908,772 | 296,139 | 1,242,605 |
| Accruals and Deferred Income | -1,470,000 | 2,211,000 | 232,826 | 998,462 | 200,367 | 2,561,345 |
| Deferred Taxes & Provisions | 445,000 | 78,000 | 55,746 | -16,474 | 79,695 | 881,033 |
| Cash flow from operations | 4,020,000 | 7,286,000 | 6,338,768 | 2,912,809 | 7,346,190 | 611,582 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -2,307,127 | -1,982,011 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -2,307,127 | -1,982,011 |
| Financing Activities | ||||||
| Bank loans | 100,000 | -1,626,000 | 5,126,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -4,556,000 | 4,556,000 | 0 | 0 | 0 | 0 |
| Long term loans | 4,899,000 | -5,590,000 | -2,160,106 | 12,019,595 | -91,865,422 | 113,174,933 |
| Hire Purchase and Lease Commitments | -40,000 | -8,000 | 14,586 | -3,167 | -4,905 | 97,486 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -3,119,000 | -2,371,000 | -2,060,000 | -2,304,283 | -10,919,030 | -10,025,566 |
| cash flow from financing | -2,952,000 | -5,013,000 | 1,260,331 | 10,186,615 | -16,456,818 | 50,703,505 |
| cash and cash equivalents | ||||||
| cash | -340,000 | -250,000 | -344,725 | -81,077 | 49,342 | 1,867,460 |
| overdraft | 0 | 0 | -5,497,652 | -11,056,335 | 11,832,778 | 4,721,209 |
| change in cash | -340,000 | -250,000 | 5,152,927 | 10,975,258 | -11,783,436 | -2,853,749 |
icr (holdings) 1 limited Credit Report and Business Information
Icr (holdings) 1 Limited Competitor Analysis
Perform a competitor analysis for icr (holdings) 1 limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in LA6 area or any other competitors across 12 key performance metrics.
icr (holdings) 1 limited Ownership
ICR (HOLDINGS) 1 LIMITED group structure
Icr (Holdings) 1 Limited has 1 subsidiary company.
Ultimate parent company
ICR (HOLDINGS) 1 LIMITED
12014587
1 subsidiary
icr (holdings) 1 limited directors
Icr (Holdings) 1 Limited currently has 3 directors. The longest serving directors include Mr William Rennie (May 2019) and Mr James Beveridge (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Rennie | United Kingdom | 58 years | May 2019 | - | Director |
| Mr James Beveridge | Scotland | 61 years | May 2022 | - | Director |
| Mr Gary Connel | England | 57 years | Sep 2024 | - | Director |
P&L
May 2023turnover
41.7m
+20%
operating profit
-1.6m
-26%
gross margin
49.1%
+1.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-17.7m
+0.52%
total assets
27m
-0.21%
cash
901k
-0.27%
net assets
Total assets minus all liabilities
icr (holdings) 1 limited company details
company number
12014587
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
57-59 elmsfield park, holme, carnforth, lancashire, LA6 1RJ
Bank
-
Legal Advisor
-
icr (holdings) 1 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 icr (holdings) 1 limited.
icr (holdings) 1 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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icr (holdings) 1 limited Companies House Filings - See Documents
| date | description | view/download |
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