ignite funding limited
ignite funding limited Company Information
Company Number
12966910
Next Accounts
Mar 2025
Shareholders
yes growth ltd
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
264 banbury road, oxford, OX2 7DY
Website
-ignite funding limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE FUNDING LIMITED at £449.2k based on a Turnover of £835.7k and 0.54x industry multiple (adjusted for size and gross margin).
ignite funding limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE FUNDING LIMITED at £0 based on an EBITDA of £-78k and a 3.66x industry multiple (adjusted for size and gross margin).
ignite funding limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE FUNDING LIMITED at £0 based on Net Assets of £-1.6m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ignite Funding Limited Overview
Ignite Funding Limited is a dissolved company that was located in oxford, OX2 7DY with a Companies House number of 12966910. It operated in the other information technology service activities sector, SIC Code 62090. Founded in October 2020, it's largest shareholder was yes growth ltd with a 100% stake. The last turnover for Ignite Funding Limited was estimated at £835.7k.
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Ignite Funding Limited Health Check
Pomanda's financial health check has awarded Ignite Funding Limited a 2.5 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
1 Regular
5 Weak
Size
annual sales of £835.7k, make it smaller than the average company (£6.5m)
- Ignite Funding Limited
£6.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ignite Funding Limited
- - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (49.4%)
- Ignite Funding Limited
49.4% - Industry AVG
Profitability
an operating margin of -9.3% make it less profitable than the average company (3.5%)
- Ignite Funding Limited
3.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (39)
2 - Ignite Funding Limited
39 - Industry AVG
Pay Structure
on an average salary of £69.3k, the company has an equivalent pay structure (£69.3k)
- Ignite Funding Limited
£69.3k - Industry AVG
Efficiency
resulting in sales per employee of £417.8k, this is more efficient (£168.7k)
- Ignite Funding Limited
£168.7k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (54 days)
- Ignite Funding Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 965 days, this is slower than average (36 days)
- Ignite Funding Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ignite Funding Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ignite Funding Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1916.2%, this is a higher level of debt than the average (63.5%)
1916.2% - Ignite Funding Limited
63.5% - Industry AVG
IGNITE FUNDING LIMITED financials
Ignite Funding Limited's latest turnover from March 2023 is estimated at £835.7 thousand and the company has net assets of -£1.6 million. According to their latest financial statements, Ignite Funding Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| 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 | 2 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | ||
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | ||
| Stock & work in progress | ||
| Trade Debtors | 85,782 | 92,594 |
| Group Debtors | ||
| Misc Debtors | 339 | 2,562 |
| Cash | ||
| misc current assets | ||
| total current assets | 86,121 | 95,156 |
| total assets | 86,121 | 95,156 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 1,650,207 | 1,581,255 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 1,650,207 | 1,581,255 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | ||
| total long term liabilities | ||
| total liabilities | 1,650,207 | 1,581,255 |
| net assets | -1,564,086 | -1,486,099 |
| total shareholders funds | -1,564,086 | -1,486,099 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | -9,035 | 95,156 |
| Creditors | 68,952 | 1,581,255 |
| Accruals and Deferred Income | ||
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | ||
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | ||
| overdraft | ||
| change in cash |
ignite funding limited Credit Report and Business Information
Ignite Funding Limited Competitor Analysis
Perform a competitor analysis for ignite funding limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in OX2 area or any other competitors across 12 key performance metrics.
ignite funding limited Ownership
IGNITE FUNDING LIMITED group structure
Ignite Funding Limited has no subsidiary companies.
ignite funding limited directors
Ignite Funding Limited currently has 3 directors. The longest serving directors include Mr Alan Vaksman (Oct 2020) and Mr Jonathan Harrison (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Vaksman | England | 47 years | Oct 2020 | - | Director |
| Mr Jonathan Harrison | United Kingdom | 59 years | Oct 2020 | - | Director |
| Mr Oleg Vaksman | England | 47 years | Oct 2020 | - | Director |
P&L
March 2023turnover
835.7k
-7%
operating profit
-78k
0%
gross margin
25.4%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-1.6m
+0.05%
total assets
86.1k
-0.09%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ignite funding limited company details
company number
12966910
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
264 banbury road, oxford, OX2 7DY
Bank
-
Legal Advisor
-
ignite funding 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 did not find charges/mortgages relating to ignite funding limited.
ignite funding 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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ignite funding limited Companies House Filings - See Documents
| date | description | view/download |
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