artis works ltd
artis works ltd Company Information
Company Number
12603784
Website
-Registered Address
fifth floor one new change, london, EC4M 9AF
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
sebastian ferraccu 33.5%
james mcmurray-cole 22.3%
View Allartis works ltd Estimated Valuation
Pomanda estimates the enterprise value of ARTIS WORKS LTD at £1.5m based on a Turnover of £1.8m and 0.82x industry multiple (adjusted for size and gross margin).
artis works ltd Estimated Valuation
Pomanda estimates the enterprise value of ARTIS WORKS LTD at £0 based on an EBITDA of £-2m and a 5.37x industry multiple (adjusted for size and gross margin).
artis works ltd Estimated Valuation
Pomanda estimates the enterprise value of ARTIS WORKS LTD at £0 based on Net Assets of £-159.1k and 2.37x industry multiple (adjusted for liquidity).
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Artis Works Ltd Overview
Artis Works Ltd is a live company located in london, EC4M 9AF with a Companies House number of 12603784. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2020, it's largest shareholder is sebastian ferraccu with a 33.5% stake. Artis Works Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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Artis Works Ltd Health Check
Pomanda's financial health check has awarded Artis Works Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£4.5m)
- Artis Works Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 161%, show it is growing at a faster rate (10.1%)
- Artis Works Ltd
10.1% - Industry AVG
Production
with a gross margin of 72.3%, this company has a comparable cost of product (72.3%)
- Artis Works Ltd
72.3% - Industry AVG
Profitability
an operating margin of -110% make it less profitable than the average company (3.7%)
- Artis Works Ltd
3.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (40)
6 - Artis Works Ltd
40 - Industry AVG
Pay Structure
on an average salary of £71.6k, the company has an equivalent pay structure (£71.6k)
- Artis Works Ltd
£71.6k - Industry AVG
Efficiency
resulting in sales per employee of £303.2k, this is more efficient (£120.9k)
- Artis Works Ltd
£120.9k - Industry AVG
Debtor Days
it gets paid by customers after 89 days, this is later than average (58 days)
- Artis Works Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 243 days, this is slower than average (39 days)
- Artis Works Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Artis Works Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Artis Works Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.2%, this is a higher level of debt than the average (61.4%)
119.2% - Artis Works Ltd
61.4% - Industry AVG
ARTIS WORKS LTD financials
Artis Works Ltd's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of -£159.1 thousand. According to their latest financial statements, Artis Works Ltd has 6 employees and maintains cash reserves of £60.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 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 | 6 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 36,276 | 26,239 | 8,326 | 6,767 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 36,276 | 26,239 | 8,326 | 6,767 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 446,974 | 67,683 | 15,088 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 284,192 | 143,573 | 41,498 | 36,690 |
| Cash | 60,826 | 1,721,500 | 460,883 | 655,680 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 791,992 | 1,932,756 | 517,469 | 692,370 |
| total assets | 828,268 | 1,958,995 | 525,795 | 699,137 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 336,881 | 81,717 | 50,211 | 39,837 |
| Group/Directors Accounts | 0 | 2,088 | 202 | 572 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 643,622 | 123,170 | 25,242 | 66,086 |
| total current liabilities | 980,503 | 206,975 | 75,655 | 106,495 |
| 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 | 0 |
| provisions | 6,892 | 5,080 | 1,582 | 1,286 |
| total long term liabilities | 6,892 | 5,080 | 1,582 | 1,286 |
| total liabilities | 987,395 | 212,055 | 77,237 | 107,781 |
| net assets | -159,127 | 1,746,940 | 448,558 | 591,356 |
| total shareholders funds | -159,127 | 1,746,940 | 448,558 | 591,356 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 18,092 | 5,437 | 3,163 | 857 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 519,910 | 154,670 | 19,896 | 36,690 |
| Creditors | 255,164 | 31,506 | 10,374 | 39,837 |
| Accruals and Deferred Income | 520,452 | 97,928 | -40,844 | 66,086 |
| Deferred Taxes & Provisions | 1,812 | 3,498 | 296 | 1,286 |
| 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 | -2,088 | 1,886 | -370 | 572 |
| 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 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -1,660,674 | 1,260,617 | -194,797 | 655,680 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -1,660,674 | 1,260,617 | -194,797 | 655,680 |
artis works ltd Credit Report and Business Information
Artis Works Ltd Competitor Analysis
Perform a competitor analysis for artis works ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC4M area or any other competitors across 12 key performance metrics.
artis works ltd Ownership
ARTIS WORKS LTD group structure
Artis Works Ltd has no subsidiary companies.
Ultimate parent company
ARTIS WORKS LTD
12603784
artis works ltd directors
Artis Works Ltd currently has 4 directors. The longest serving directors include Mr James McMurray-Cole (May 2020) and Mr Sebastian Ferraccu (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McMurray-Cole | England | 48 years | May 2020 | - | Director |
| Mr Sebastian Ferraccu | England | 48 years | Nov 2020 | - | Director |
| Mr Sebastian Ferraccu | England | 48 years | Nov 2020 | - | Director |
| Mr Marc Young | England | 46 years | May 2024 | - | Director |
P&L
December 2023turnover
1.8m
+566%
operating profit
-2m
0%
gross margin
72.3%
+0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-159.1k
-1.09%
total assets
828.3k
-0.58%
cash
60.8k
-0.96%
net assets
Total assets minus all liabilities
Similar Companies
artis works ltd company details
company number
12603784
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
artis cn ltd (July 2020)
accountant
WARWICK MCARDLE
auditor
-
address
fifth floor one new change, london, EC4M 9AF
Bank
-
Legal Advisor
-
artis works 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 2 charges/mortgages relating to artis works ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
artis works ltd Companies House Filings - See Documents
| date | description | view/download |
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