avrc ltd
avrc ltd Company Information
Company Number
12256649
Next Accounts
500 days late
Shareholders
stephen peart
joseph alexander moore
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
irg cardiff whittle road, cardiff, CF11 8AT
Website
-avrc ltd Estimated Valuation
Pomanda estimates the enterprise value of AVRC LTD at £32.1m based on a Turnover of £19.9m and 1.61x industry multiple (adjusted for size and gross margin).
avrc ltd Estimated Valuation
Pomanda estimates the enterprise value of AVRC LTD at £0 based on an EBITDA of £-336.4k and a 6.69x industry multiple (adjusted for size and gross margin).
avrc ltd Estimated Valuation
Pomanda estimates the enterprise value of AVRC LTD at £0 based on Net Assets of £-3.7m and 1.34x industry multiple (adjusted for liquidity).
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Avrc Ltd Overview
Avrc Ltd is a live company located in cardiff, CF11 8AT with a Companies House number of 12256649. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2019, it's largest shareholder is stephen peart with a 25% stake. Avrc Ltd is a young, mid sized company, Pomanda has estimated its turnover at £19.9m with unknown growth in recent years.
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Avrc Ltd Health Check
Pomanda's financial health check has awarded Avrc Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £19.9m, make it larger than the average company (£15.7m)
£19.9m - Avrc Ltd
£15.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Avrc Ltd
- - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (35%)
34% - Avrc Ltd
35% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (5%)
-6.8% - Avrc Ltd
5% - Industry AVG
Employees
with 276 employees, this is above the industry average (103)
276 - Avrc Ltd
103 - Industry AVG
Pay Structure
on an average salary of £27.3k, the company has a lower pay structure (£39.7k)
£27.3k - Avrc Ltd
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £72.2k, this is less efficient (£160.9k)
£72.2k - Avrc Ltd
£160.9k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (47 days)
20 days - Avrc Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (50 days)
70 days - Avrc Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is in line with average (44 days)
37 days - Avrc Ltd
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (18 weeks)
8 weeks - Avrc Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 138.7%, this is a higher level of debt than the average (70.9%)
138.7% - Avrc Ltd
70.9% - Industry AVG
AVRC LTD financials
Avrc Ltd's latest turnover from December 2021 is £19.9 million and the company has net assets of -£3.7 million. According to their latest financial statements, Avrc Ltd has 276 employees and maintains cash reserves of £673.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Turnover | 19,924,164 | 15,002,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 13,146,073 | 11,547,000 |
| Gross Profit | 6,778,091 | 3,455,000 |
| Admin Expenses | 8,130,160 | 4,858,000 |
| Operating Profit | -1,352,069 | -1,403,000 |
| Interest Payable | 708,798 | 478,000 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -2,060,867 | -1,881,000 |
| Tax | 154,766 | 61,000 |
| Profit After Tax | -1,906,101 | -1,820,000 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -1,906,101 | -1,820,000 |
| Employee Costs | 7,530,457 | 7,066,000 |
| Number Of Employees | 276 | 263 |
| EBITDA* | -336,413 | -745,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Tangible Assets | 1,546,412 | 1,610,000 |
| Intangible Assets | 4,503,108 | 5,058,000 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 6,049,520 | 6,668,000 |
| Stock & work in progress | 1,359,473 | 790,000 |
| Trade Debtors | 1,111,970 | 1,319,000 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 280,061 | 195,000 |
| Cash | 673,719 | 556,000 |
| misc current assets | 0 | 0 |
| total current assets | 3,425,223 | 2,860,000 |
| total assets | 9,474,743 | 9,528,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 2,535,725 | 1,923,000 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 75,016 | 93,000 |
| other current liabilities | 1,620,618 | 2,940,000 |
| total current liabilities | 4,231,359 | 4,956,000 |
| loans | 7,660,000 | 5,600,000 |
| hp & lease commitments | 40,494 | 60,000 |
| Accruals and Deferred Income | 831,433 | 430,000 |
| other liabilities | 235,838 | 0 |
| provisions | 140,034 | 202,000 |
| total long term liabilities | 8,907,799 | 6,292,000 |
| total liabilities | 13,139,158 | 11,248,000 |
| net assets | -3,664,415 | -1,720,000 |
| total shareholders funds | -3,664,415 | -1,720,000 |
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -1,352,069 | -1,403,000 |
| Depreciation | 460,781 | 167,000 |
| Amortisation | 554,875 | 491,000 |
| Tax | 154,766 | 61,000 |
| Stock | 569,473 | 790,000 |
| Debtors | -121,969 | 1,514,000 |
| Creditors | 612,725 | 1,923,000 |
| Accruals and Deferred Income | -917,949 | 3,370,000 |
| Deferred Taxes & Provisions | -61,966 | 202,000 |
| Cash flow from operations | -996,341 | 2,507,000 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 2,060,000 | 5,600,000 |
| Hire Purchase and Lease Commitments | -37,490 | 153,000 |
| other long term liabilities | 235,838 | 0 |
| share issue | ||
| interest | -708,798 | -478,000 |
| cash flow from financing | 1,511,236 | 5,375,000 |
| cash and cash equivalents | ||
| cash | 117,719 | 556,000 |
| overdraft | 0 | 0 |
| change in cash | 117,719 | 556,000 |
avrc ltd Credit Report and Business Information
Avrc Ltd Competitor Analysis
Perform a competitor analysis for avrc ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in CF11 area or any other competitors across 12 key performance metrics.
avrc ltd Ownership
AVRC LTD group structure
Avrc Ltd has 1 subsidiary company.
avrc ltd directors
Avrc Ltd currently has 3 directors. The longest serving directors include Mr Daniel Lewis (Oct 2019) and Mr Joseph Moore (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Lewis | Wales | 31 years | Oct 2019 | - | Director |
| Mr Joseph Moore | Wales | 41 years | Oct 2019 | - | Director |
| Mr Lee Wallbank | United Kingdom | 40 years | Oct 2019 | - | Director |
P&L
December 2021turnover
19.9m
+33%
operating profit
-1.4m
-4%
gross margin
34.1%
+47.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-3.7m
+1.13%
total assets
9.5m
-0.01%
cash
673.7k
+0.21%
net assets
Total assets minus all liabilities
avrc ltd company details
company number
12256649
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
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
PIERCE CA LIMITED
address
irg cardiff whittle road, cardiff, CF11 8AT
Bank
-
Legal Advisor
-
avrc ltd 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 3 charges/mortgages relating to avrc ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
avrc ltd 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 AVRC LTD. This can take several minutes, an email will notify you when this has completed.
avrc ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
