suite 5, 2nd floor, bulman house, regent centre, gosforth, newcastle upon tyne, NE3 3LS
Website
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irango limitedEstimated Valuation
£58.4m
Pomanda estimates the enterprise value of IRANGO LIMITED at £58.4m based on a Turnover of £80.7m and 0.72x industry multiple (adjusted for size and gross margin).
irango limitedEstimated Valuation
£10.1m
Pomanda estimates the enterprise value of IRANGO LIMITED at £10.1m based on an EBITDA of £1.8m and a 5.73x industry multiple (adjusted for size and gross margin).
irango limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of IRANGO LIMITED at £0 based on Net Assets of £-679k and 2.11x industry multiple (adjusted for liquidity).
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Irango LimitedOverview
Irango Limited is a live company located in gosforth, NE3 3LS with a Companies House number of 12114392. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2019, it's largest shareholder is
jessica rankin
with a 25% stake. Irango Limited is a young,
large sized company, Pomanda has estimated its turnover at
£80.7m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Irango Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £80.7m, make it larger than the average company (£16.8m)
£80.7m - Irango Limited
£16.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Irango Limited
- - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (32.7%)
9.9% - Irango Limited
32.7% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (5.4%)
1.6% - Irango Limited
5.4% - Industry AVG
Employees
with 169 employees, this is above the industry average (110)
169 - Irango Limited
110 - Industry AVG
Pay Structure
on an average salary of £61.3k, the company has a higher pay structure (£44k)
£61.3k - Irango Limited
£44k - Industry AVG
Efficiency
resulting in sales per employee of £477.6k, this is more efficient (£173.4k)
£477.6k - Irango Limited
£173.4k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (47 days)
92 days - Irango Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is close to average (46 days)
48 days - Irango Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (51 days)
11 days - Irango Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 6 weeks, this is less cash available to meet short term requirements (18 weeks)
6 weeks - Irango Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.1%, this is a higher level of debt than the average (58.6%)
102.1% - Irango Limited
58.6% - Industry AVG
IRANGO LIMITED financials
EXPORT
Irango Limited's latest turnover from December 2021 is £80.7 million and the company has net assets of -£679 thousand. According to their latest financial statements, Irango Limited has 169 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2021
Dec 2020
Dec 2019
Turnover
80,715,000
68,078,000
32,479,000
Other Income Or Grants
Cost Of Sales
72,703,000
64,650,000
30,586,000
Gross Profit
8,012,000
3,428,000
1,893,000
Admin Expenses
6,758,000
6,743,000
3,045,000
Operating Profit
1,254,000
-3,315,000
-1,152,000
Interest Payable
6,000
9,000
20,000
Interest Receivable
38,000
32,000
31,000
Pre-Tax Profit
1,286,000
-3,292,000
-338,000
Tax
452,000
1,107,000
106,000
Profit After Tax
1,738,000
-2,185,000
-232,000
Dividends Paid
Retained Profit
1,738,000
-2,185,000
-232,000
Employee Costs
10,360,000
11,505,000
3,918,000
Number Of Employees
169
188
196
EBITDA*
1,770,000
-2,782,000
-892,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2021
Dec 2020
Dec 2019
Tangible Assets
1,303,000
1,324,000
11,465,000
Intangible Assets
Investments & Other
9,091,000
Debtors (Due After 1 year)
Total Fixed Assets
1,303,000
1,324,000
11,465,000
Stock & work in progress
2,252,000
2,314,000
4,100,000
Trade Debtors
20,565,000
10,479,000
19,427,000
Group Debtors
Misc Debtors
4,209,000
7,933,000
6,719,000
Cash
4,198,000
7,789,000
2,452,000
misc current assets
2,066,000
total current assets
31,224,000
28,515,000
34,764,000
total assets
32,527,000
29,839,000
46,229,000
Bank overdraft
Bank loan
Trade Creditors
9,593,000
8,659,000
12,575,000
Group/Directors Accounts
1,436,000
3,558,000
other short term finances
13,476,000
13,679,000
25,000,000
hp & lease commitments
other current liabilities
8,701,000
6,360,000
8,877,000
total current liabilities
33,206,000
32,256,000
46,452,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
18,000
total long term liabilities
9,000
total liabilities
33,206,000
32,256,000
46,461,000
net assets
-679,000
-2,417,000
-232,000
total shareholders funds
-679,000
-2,417,000
-232,000
Dec 2021
Dec 2020
Dec 2019
Operating Activities
Operating Profit
1,254,000
-3,315,000
-1,152,000
Depreciation
516,000
533,000
260,000
Amortisation
Tax
452,000
1,107,000
106,000
Stock
-62,000
-1,786,000
4,100,000
Debtors
6,362,000
-7,734,000
26,146,000
Creditors
934,000
-3,916,000
12,575,000
Accruals and Deferred Income
2,341,000
-2,517,000
8,877,000
Deferred Taxes & Provisions
-18,000
18,000
Cash flow from operations
-803,000
1,394,000
-9,562,000
Investing Activities
capital expenditure
-11,725,000
Change in Investments
-9,091,000
9,091,000
cash flow from investments
9,091,000
-20,816,000
Financing Activities
Bank loans
Group/Directors Accounts
-2,122,000
3,558,000
Other Short Term Loans
-203,000
-11,321,000
25,000,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
32,000
23,000
11,000
cash flow from financing
-2,293,000
-7,740,000
25,011,000
cash and cash equivalents
cash
-3,591,000
5,337,000
2,452,000
overdraft
change in cash
-3,591,000
5,337,000
2,452,000
irango limited 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 irango limited. Get real-time insights into irango limited's credit score, group structure and payment trends.
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suite 5, 2nd floor, bulman house, regent centre, gosforth, newcastle upon tyne, NE3 3LS
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Legal Advisor
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irango 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 2 charges/mortgages relating to irango limited. Currently there are 0 open charges and 2 have been satisfied in the past.
irango 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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irango limitedCompanies House Filings - See Documents
