cognassist uk limited
cognassist uk limited Company Information
Company Number
12159846
Next Accounts
Sep 2025
Shareholders
christopher james quickfall
baronsmead second venture trust plc
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
rmt accountants & business advis, gosforth park avenue, newcastle upon tyne, NE12 8EG
Website
cognassist.comcognassist uk limited Estimated Valuation
Pomanda estimates the enterprise value of COGNASSIST UK LIMITED at £6.3m based on a Turnover of £5m and 1.25x industry multiple (adjusted for size and gross margin).
cognassist uk limited Estimated Valuation
Pomanda estimates the enterprise value of COGNASSIST UK LIMITED at £0 based on an EBITDA of £-1.3m and a 5.21x industry multiple (adjusted for size and gross margin).
cognassist uk limited Estimated Valuation
Pomanda estimates the enterprise value of COGNASSIST UK LIMITED at £2.3m based on Net Assets of £1.7m and 1.34x industry multiple (adjusted for liquidity).
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Cognassist Uk Limited Overview
Cognassist Uk Limited is a live company located in newcastle upon tyne, NE12 8EG with a Companies House number of 12159846. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2019, it's largest shareholder is christopher james quickfall with a 60% stake. Cognassist Uk Limited is a young, mid sized company, Pomanda has estimated its turnover at £5m with rapid growth in recent years.
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Cognassist Uk Limited Health Check
Pomanda's financial health check has awarded Cognassist Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £5m, make it smaller than the average company (£18.9m)
- Cognassist Uk Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 167%, show it is growing at a faster rate (10.6%)
- Cognassist Uk Limited
10.6% - Industry AVG
Production
with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)
- Cognassist Uk Limited
36.4% - Industry AVG
Profitability
an operating margin of -26.7% make it less profitable than the average company (4.5%)
- Cognassist Uk Limited
4.5% - Industry AVG
Employees
with 55 employees, this is below the industry average (104)
55 - Cognassist Uk Limited
104 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Cognassist Uk Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £91.6k, this is less efficient (£191.4k)
- Cognassist Uk Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (45 days)
- Cognassist Uk Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (44 days)
- Cognassist Uk Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cognassist Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 76 weeks, this is more cash available to meet short term requirements (14 weeks)
76 weeks - Cognassist Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.1%, this is a lower level of debt than the average (69.6%)
53.1% - Cognassist Uk Limited
69.6% - Industry AVG
COGNASSIST UK LIMITED financials
Cognassist Uk Limited's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £1.7 million. According to their latest financial statements, Cognassist Uk Limited has 55 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Oct 2020 | Aug 2020 | |
|---|---|---|---|---|---|
| Turnover | 3,941,916 | 264,091 | 0 | ||
| Other Income Or Grants | 0 | 0 | 0 | ||
| Cost Of Sales | 493,961 | 35,626 | 0 | ||
| Gross Profit | 3,447,955 | 228,465 | 0 | ||
| Admin Expenses | 4,365,862 | 248,747 | 0 | ||
| Operating Profit | -917,907 | -20,282 | 0 | ||
| Interest Payable | 8,254 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | ||
| Pre-Tax Profit | -926,161 | -20,282 | 0 | ||
| Tax | 385,509 | 11,667 | 0 | ||
| Profit After Tax | -540,652 | -8,615 | 0 | ||
| Dividends Paid | 0 | 0 | 0 | ||
| Retained Profit | -540,652 | -8,615 | 0 | ||
| Employee Costs | 3,069,498 | 206,637 | 0 | ||
| Number Of Employees | 55 | 54 | 47 | 35 | 1 |
| EBITDA* | -883,360 | -18,918 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Oct 2020 | Aug 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 81,815 | 128,020 | 136,921 | 28,609 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 81,815 | 128,020 | 136,921 | 28,609 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 411,444 | 477,062 | 564,297 | 267,390 | 0 |
| Group Debtors | 0 | 0 | 5,545 | 8,630 | 0 |
| Misc Debtors | 672,765 | 555,372 | 602,716 | 107,461 | 1 |
| Cash | 2,421,735 | 443,307 | 884,311 | 494,111 | 37,074 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,505,944 | 1,475,741 | 2,056,869 | 877,592 | 37,075 |
| total assets | 3,587,759 | 1,603,761 | 2,193,790 | 906,201 | 37,075 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 247,519 | 224,057 | 0 | 0 | 0 |
| Trade Creditors | 83,902 | 67,128 | 58,562 | 21,746 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 250 | 37,074 |
| other short term finances | 0 | 0 | 230,998 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,323,543 | 1,677,326 | 1,605,802 | 751,904 | 0 |
| total current liabilities | 1,654,964 | 1,968,511 | 1,895,362 | 773,900 | 37,074 |
| loans | 249,597 | 497,116 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 692,994 | 0 | 0 |
| provisions | 258 | 15,804 | 17,606 | 3,821 | 0 |
| total long term liabilities | 249,855 | 512,920 | 710,600 | 3,821 | 0 |
| total liabilities | 1,904,819 | 2,481,431 | 2,605,962 | 777,721 | 37,074 |
| net assets | 1,682,940 | -877,670 | -412,172 | 128,480 | 1 |
| total shareholders funds | 1,682,940 | -877,670 | -412,172 | 128,480 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Oct 2020 | Aug 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -917,907 | -20,282 | 0 | ||
| Depreciation | 83,920 | 69,490 | 34,547 | 1,364 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 385,509 | 11,667 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 51,775 | -140,124 | 789,077 | 383,481 | 1 |
| Creditors | 16,774 | 8,566 | 36,816 | 21,746 | 0 |
| Accruals and Deferred Income | -353,783 | 71,524 | 853,898 | 751,904 | 0 |
| Deferred Taxes & Provisions | -15,546 | -1,802 | 13,785 | 3,821 | 0 |
| Cash flow from operations | -382,429 | 386,739 | -1 | ||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 23,462 | 224,057 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -250 | 250 | 37,074 |
| Other Short Term Loans | 0 | -230,998 | 230,998 | 0 | 0 |
| Long term loans | -247,519 | 497,116 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -692,994 | 692,994 | 0 | 0 |
| share issue | |||||
| interest | -8,254 | 0 | 0 | ||
| cash flow from financing | 915,488 | 137,345 | 37,075 | ||
| cash and cash equivalents | |||||
| cash | 1,978,428 | -441,004 | 390,200 | 494,111 | 37,074 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,978,428 | -441,004 | 390,200 | 494,111 | 37,074 |
cognassist uk limited Credit Report and Business Information
Cognassist Uk Limited Competitor Analysis
Perform a competitor analysis for cognassist uk limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in NE12 area or any other competitors across 12 key performance metrics.
cognassist uk limited Ownership
COGNASSIST UK LIMITED group structure
Cognassist Uk Limited has no subsidiary companies.
Ultimate parent company
COGNASSIST UK LIMITED
12159846
cognassist uk limited directors
Cognassist Uk Limited currently has 5 directors. The longest serving directors include Mr Christopher Quickfall (Aug 2019) and Mr Matthew McMillan (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Quickfall | England | 43 years | Aug 2019 | - | Director |
| Mr Matthew McMillan | England | 37 years | Mar 2022 | - | Director |
| Mr Joseph Krancki | 48 years | Mar 2023 | - | Director | |
| Mr Michael McGrath | 58 years | Jun 2024 | - | Director | |
| Mr Paul Fellows | United Kingdom | 52 years | Jul 2024 | - | Director |
P&L
December 2023turnover
5m
+4%
operating profit
-1.3m
0%
gross margin
36.4%
+0.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.7m
-2.92%
total assets
3.6m
+1.24%
cash
2.4m
+4.46%
net assets
Total assets minus all liabilities
Similar Companies
cognassist uk limited company details
company number
12159846
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
August 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
cognassist group limited (December 2019)
accountant
-
auditor
-
address
rmt accountants & business advis, gosforth park avenue, newcastle upon tyne, NE12 8EG
Bank
-
Legal Advisor
-
cognassist uk 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 cognassist uk limited. Currently there are 1 open charges and 0 have been satisfied in the past.
cognassist uk 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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cognassist uk limited Companies House Filings - See Documents
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