ground truth labs ltd
ground truth labs ltd Company Information
Company Number
12339676
Website
-Registered Address
125 wood street, london, EC2V 7AW
Industry
Research and experimental development on biotechnology
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
oxford science enterprises plc 38.9%
alan aberdeen 20.8%
View Allground truth labs ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND TRUTH LABS LTD at £463.7k based on a Turnover of £353.9k and 1.31x industry multiple (adjusted for size and gross margin).
ground truth labs ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND TRUTH LABS LTD at £0 based on an EBITDA of £-722.9k and a 5.26x industry multiple (adjusted for size and gross margin).
ground truth labs ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND TRUTH LABS LTD at £6.2m based on Net Assets of £2.7m and 2.29x industry multiple (adjusted for liquidity).
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Ground Truth Labs Ltd Overview
Ground Truth Labs Ltd is a live company located in london, EC2V 7AW with a Companies House number of 12339676. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in November 2019, it's largest shareholder is oxford science enterprises plc with a 38.9% stake. Ground Truth Labs Ltd is a young, micro sized company, Pomanda has estimated its turnover at £353.9k with high growth in recent years.
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Ground Truth Labs Ltd Health Check
Pomanda's financial health check has awarded Ground Truth Labs Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £353.9k, make it smaller than the average company (£3.6m)
- Ground Truth Labs Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (12.5%)
- Ground Truth Labs Ltd
12.5% - Industry AVG
Production
with a gross margin of 54%, this company has a comparable cost of product (54%)
- Ground Truth Labs Ltd
54% - Industry AVG
Profitability
an operating margin of -205.5% make it less profitable than the average company (-0.8%)
- Ground Truth Labs Ltd
-0.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (43)
4 - Ground Truth Labs Ltd
43 - Industry AVG
Pay Structure
on an average salary of £75.4k, the company has an equivalent pay structure (£75.4k)
- Ground Truth Labs Ltd
£75.4k - Industry AVG
Efficiency
resulting in sales per employee of £88.5k, this is less efficient (£128.5k)
- Ground Truth Labs Ltd
£128.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ground Truth Labs Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (58 days)
- Ground Truth Labs Ltd
58 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ground Truth Labs Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 976 weeks, this is more cash available to meet short term requirements (31 weeks)
976 weeks - Ground Truth Labs Ltd
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.2%, this is a lower level of debt than the average (54.7%)
5.2% - Ground Truth Labs Ltd
54.7% - Industry AVG
GROUND TRUTH LABS LTD financials
Ground Truth Labs Ltd's latest turnover from November 2023 is estimated at £353.9 thousand and the company has net assets of £2.7 million. According to their latest financial statements, Ground Truth Labs Ltd has 4 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 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 | 4 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | |
|---|---|---|---|---|
| Tangible Assets | 13,292 | 3,348 | 2,131 | 2,122 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,292 | 3,348 | 2,131 | 2,122 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 2,417 | 58,819 | 70,896 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 67,163 | 105 | 0 | 0 |
| Cash | 2,802,839 | 29,914 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,870,002 | 32,436 | 58,819 | 70,896 |
| total assets | 2,883,294 | 35,784 | 60,950 | 73,018 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,277 | 26 | 123,475 | 4,344 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 143,987 | 120,181 | 0 | 0 |
| total current liabilities | 149,264 | 120,207 | 123,475 | 4,344 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 53,000 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 53,000 |
| total liabilities | 149,264 | 120,207 | 123,475 | 57,344 |
| net assets | 2,734,030 | -84,423 | -62,525 | 15,674 |
| total shareholders funds | 2,734,030 | -84,423 | -62,525 | 15,674 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 4,430 | 0 | ||
| Amortisation | 0 | 0 | ||
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 64,641 | -56,297 | -12,077 | 70,896 |
| Creditors | 5,251 | -123,449 | 119,131 | 4,344 |
| Accruals and Deferred Income | 23,806 | 120,181 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -53,000 | 53,000 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 2,772,925 | 29,914 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 2,772,925 | 29,914 | 0 | 0 |
ground truth labs ltd Credit Report and Business Information
Ground Truth Labs Ltd Competitor Analysis
Perform a competitor analysis for ground truth labs ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC2V area or any other competitors across 12 key performance metrics.
ground truth labs ltd Ownership
GROUND TRUTH LABS LTD group structure
Ground Truth Labs Ltd has no subsidiary companies.
Ultimate parent company
GROUND TRUTH LABS LTD
12339676
ground truth labs ltd directors
Ground Truth Labs Ltd currently has 4 directors. The longest serving directors include Professor Jens Rittscher (Nov 2019) and Mr Alan Aberdeen (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Professor Jens Rittscher | United Kingdom | 54 years | Nov 2019 | - | Director |
| Mr Alan Aberdeen | United Kingdom | 31 years | Nov 2019 | - | Director |
| Korsuk Sirinukunwattana | United Kingdom | 37 years | Nov 2019 | - | Director |
| Ms Liliane Chamas | England | 38 years | Jan 2023 | - | Director |
P&L
November 2023turnover
353.9k
+457%
operating profit
-727.4k
0%
gross margin
54.1%
+1.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
2.7m
-33.38%
total assets
2.9m
+79.57%
cash
2.8m
+92.7%
net assets
Total assets minus all liabilities
ground truth labs ltd company details
company number
12339676
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
November 2019
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
125 wood street, london, EC2V 7AW
Bank
-
Legal Advisor
-
ground truth labs 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 did not find charges/mortgages relating to ground truth labs ltd.
ground truth labs ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
