ionic groundworks ltd
ionic groundworks ltd Company Information
Company Number
12773217
Next Accounts
Dec 2025
Shareholders
tag holdings ltd
max william simon ashton
View AllGroup Structure
View All
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
orchard house clyst st. mary, exeter, devon, EX5 1BR
Website
harrington-homes.co.ukionic groundworks ltd Estimated Valuation
Pomanda estimates the enterprise value of IONIC GROUNDWORKS LTD at £1.3m based on a Turnover of £2.4m and 0.54x industry multiple (adjusted for size and gross margin).
ionic groundworks ltd Estimated Valuation
Pomanda estimates the enterprise value of IONIC GROUNDWORKS LTD at £1.3m based on an EBITDA of £434.3k and a 2.94x industry multiple (adjusted for size and gross margin).
ionic groundworks ltd Estimated Valuation
Pomanda estimates the enterprise value of IONIC GROUNDWORKS LTD at £538.9k based on Net Assets of £250.5k and 2.15x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ionic Groundworks Ltd Overview
Ionic Groundworks Ltd is a live company located in devon, EX5 1BR with a Companies House number of 12773217. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in July 2020, it's largest shareholder is tag holdings ltd with a 71% stake. Ionic Groundworks Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.4m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ionic Groundworks Ltd Health Check
Pomanda's financial health check has awarded Ionic Groundworks Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£13.2m)
- Ionic Groundworks Ltd
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (10.5%)
- Ionic Groundworks Ltd
10.5% - Industry AVG
Production
with a gross margin of 33.5%, this company has a comparable cost of product (33.5%)
- Ionic Groundworks Ltd
33.5% - Industry AVG
Profitability
an operating margin of 13.8% make it more profitable than the average company (11.3%)
- Ionic Groundworks Ltd
11.3% - Industry AVG
Employees
with 11 employees, this is below the industry average (63)
- Ionic Groundworks Ltd
63 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£45.6k)
- Ionic Groundworks Ltd
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £219.3k, this is equally as efficient (£221.5k)
- Ionic Groundworks Ltd
£221.5k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (60 days)
- Ionic Groundworks Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 289 days, this is slower than average (48 days)
- Ionic Groundworks Ltd
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ionic Groundworks Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Ionic Groundworks Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.2%, this is a higher level of debt than the average (57.8%)
97.2% - Ionic Groundworks Ltd
57.8% - Industry AVG
IONIC GROUNDWORKS LTD financials
Ionic Groundworks Ltd's latest turnover from March 2024 is estimated at £2.4 million and the company has net assets of £250.5 thousand. According to their latest financial statements, we estimate that Ionic Groundworks Ltd has 11 employees and maintains cash reserves of £3.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Dec 2022 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| 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 | 7 | 7 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Dec 2022 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Tangible Assets | 236,470 | 303,573 | 257,586 | 348,885 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 236,470 | 303,573 | 257,586 | 348,885 |
| Stock & work in progress | 300,000 | |||
| Trade Debtors | 90,250 | 143,373 | 537 | |
| Group Debtors | 8,280,518 | 2,254,648 | 735,671 | |
| Misc Debtors | 415,866 | 16,991 | 27,507 | 30,157 |
| Cash | 3,282 | 172 | 76,155 | 2,241 |
| misc current assets | ||||
| total current assets | 8,789,916 | 2,415,184 | 839,333 | 332,935 |
| total assets | 9,026,386 | 2,718,757 | 1,096,919 | 681,820 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1,272,595 | 154,294 | 194,571 | 156,155 |
| Group/Directors Accounts | 6,810,507 | 2,022,763 | 393,213 | 70,824 |
| other short term finances | ||||
| hp & lease commitments | 94,667 | 85,767 | 69,997 | 68,622 |
| other current liabilities | 339,337 | 37,246 | 106,443 | 27,927 |
| total current liabilities | 8,517,106 | 2,300,070 | 764,224 | 323,528 |
| loans | ||||
| hp & lease commitments | 101,554 | 201,517 | 183,382 | 257,554 |
| Accruals and Deferred Income | ||||
| other liabilities | 100,000 | |||
| provisions | 57,179 | 57,427 | 48,941 | 66,288 |
| total long term liabilities | 258,733 | 258,944 | 232,323 | 323,842 |
| total liabilities | 8,775,839 | 2,559,014 | 996,547 | 647,370 |
| net assets | 250,547 | 159,743 | 100,372 | 34,450 |
| total shareholders funds | 250,547 | 159,743 | 100,372 | 34,450 |
| Mar 2024 | Dec 2022 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 100,491 | 60,437 | 85,862 | 53,004 |
| Amortisation | ||||
| Tax | ||||
| Stock | -300,000 | -300,000 | 300,000 | |
| Debtors | 8,786,634 | 2,384,318 | 732,484 | 30,694 |
| Creditors | 1,272,595 | -1,861 | 38,416 | 156,155 |
| Accruals and Deferred Income | 339,337 | 9,319 | 78,516 | 27,927 |
| Deferred Taxes & Provisions | 57,179 | -8,861 | -17,347 | 66,288 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 6,810,507 | 1,951,939 | 322,389 | 70,824 |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | 196,221 | -38,892 | -72,797 | 326,176 |
| other long term liabilities | 100,000 | |||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 3,282 | -2,069 | 73,914 | 2,241 |
| overdraft | ||||
| change in cash | 3,282 | -2,069 | 73,914 | 2,241 |
ionic groundworks ltd Credit Report and Business Information
Ionic Groundworks Ltd Competitor Analysis
Perform a competitor analysis for ionic groundworks ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EX5 area or any other competitors across 12 key performance metrics.
ionic groundworks ltd Ownership
IONIC GROUNDWORKS LTD group structure
Ionic Groundworks Ltd has no subsidiary companies.
ionic groundworks ltd directors
Ionic Groundworks Ltd currently has 3 directors. The longest serving directors include Mr Gareth Hughes (Jul 2020) and Mr Max Ashton (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Hughes | 40 years | Jul 2020 | - | Director | |
| Mr Max Ashton | England | 63 years | Mar 2022 | - | Director |
| Mr Max Ashton | England | 63 years | Mar 2022 | - | Director |
P&L
March 2024turnover
2.4m
0%
operating profit
333.8k
0%
gross margin
33.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
250.5k
0%
total assets
9m
0%
cash
3.3k
0%
net assets
Total assets minus all liabilities
Similar Companies
ionic groundworks ltd company details
company number
12773217
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
THE FRESH ACCOUNTANCY COMPANY LIMITED
auditor
-
address
orchard house clyst st. mary, exeter, devon, EX5 1BR
Bank
-
Legal Advisor
-
ionic groundworks 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 ionic groundworks ltd.
ionic groundworks 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 IONIC GROUNDWORKS LTD. This can take several minutes, an email will notify you when this has completed.
ionic groundworks ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
