vitrifi limited
vitrifi limited Company Information
Company Number
13150446
Next Accounts
Mar 2025
Industry
Other telecommunications activities
Shareholders
fern fibre limited
Group Structure
View All
Contact
Registered Address
6th floor 33 holborn, london, england, EC1N 2HT
Website
vitrifi.netvitrifi limited Estimated Valuation
Pomanda estimates the enterprise value of VITRIFI LIMITED at £580 based on a Turnover of £446 and 1.3x industry multiple (adjusted for size and gross margin).
vitrifi limited Estimated Valuation
Pomanda estimates the enterprise value of VITRIFI LIMITED at £0 based on an EBITDA of £-8.7m and a 5.87x industry multiple (adjusted for size and gross margin).
vitrifi limited Estimated Valuation
Pomanda estimates the enterprise value of VITRIFI LIMITED at £0 based on Net Assets of £-6m and 2.53x industry multiple (adjusted for liquidity).
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Vitrifi Limited Overview
Vitrifi Limited is a live company located in england, EC1N 2HT with a Companies House number of 13150446. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in January 2021, it's largest shareholder is fern fibre limited with a 100% stake. Vitrifi Limited is a startup, micro sized company, Pomanda has estimated its turnover at £446 with unknown growth in recent years.
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Vitrifi Limited Health Check
Pomanda's financial health check has awarded Vitrifi Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £446, make it smaller than the average company (£12.1m)
£446 - Vitrifi Limited
£12.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Vitrifi Limited
- - Industry AVG
Production
with a gross margin of 87%, this company has a lower cost of product (39.1%)
87% - Vitrifi Limited
39.1% - Industry AVG
Profitability
an operating margin of -1973714.8% make it less profitable than the average company (4.5%)
-1973714.8% - Vitrifi Limited
4.5% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (48)
46 - Vitrifi Limited
48 - Industry AVG
Pay Structure
on an average salary of £61.2k, the company has an equivalent pay structure (£61.2k)
- Vitrifi Limited
£61.2k - Industry AVG
Efficiency
resulting in sales per employee of £9.7, this is less efficient (£226k)
£9.7 - Vitrifi Limited
£226k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Vitrifi Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1997349 days, this is slower than average (45 days)
1997349 days - Vitrifi Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vitrifi Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Vitrifi Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 187.6%, this is a higher level of debt than the average (66%)
187.6% - Vitrifi Limited
66% - Industry AVG
VITRIFI LIMITED financials
Vitrifi Limited's latest turnover from June 2023 is £446 and the company has net assets of -£6 million. According to their latest financial statements, Vitrifi Limited has 46 employees and maintains cash reserves of £467.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Turnover | 446 | 219,441 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 58 | 183,441 |
| Gross Profit | 388 | 36,000 |
| Admin Expenses | 8,803,156 | 3,148,381 |
| Operating Profit | -8,802,768 | -3,112,381 |
| Interest Payable | 654,250 | 2,527 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -9,457,018 | -3,114,908 |
| Tax | 2,337 | 579,757 |
| Profit After Tax | -9,454,681 | -2,535,151 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -9,454,681 | -2,535,151 |
| Employee Costs | ||
| Number Of Employees | 46 | 20 |
| EBITDA* | -8,703,605 | -3,081,986 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Tangible Assets | 544,816 | 83,952 |
| Intangible Assets | 2,517,859 | 2,547,066 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 3,062,675 | 2,631,018 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 2,198,948 | 3,066,875 |
| Misc Debtors | 1,111,557 | 922,639 |
| Cash | 467,569 | 2,922,814 |
| misc current assets | 0 | 0 |
| total current assets | 3,778,074 | 6,912,328 |
| total assets | 6,840,749 | 9,543,346 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 317,387 | 2,488,198 |
| Group/Directors Accounts | 11,651,692 | 3,000,000 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 861,502 | 590,299 |
| total current liabilities | 12,830,581 | 6,078,497 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 12,830,581 | 6,078,497 |
| net assets | -5,989,832 | 3,464,849 |
| total shareholders funds | -5,989,832 | 3,464,849 |
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -8,802,768 | -3,112,381 |
| Depreciation | 88,160 | 18,094 |
| Amortisation | 11,003 | 12,301 |
| Tax | 2,337 | 579,757 |
| Stock | 0 | 0 |
| Debtors | -679,009 | 3,989,514 |
| Creditors | -2,170,811 | 2,488,198 |
| Accruals and Deferred Income | 271,203 | 590,299 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -9,921,867 | -3,413,246 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 8,651,692 | 3,000,000 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -654,250 | -2,527 |
| cash flow from financing | 7,997,442 | 8,997,473 |
| cash and cash equivalents | ||
| cash | -2,455,245 | 2,922,814 |
| overdraft | 0 | 0 |
| change in cash | -2,455,245 | 2,922,814 |
vitrifi limited Credit Report and Business Information
Vitrifi Limited Competitor Analysis
Perform a competitor analysis for vitrifi limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1N area or any other competitors across 12 key performance metrics.
vitrifi limited Ownership
VITRIFI LIMITED group structure
Vitrifi Limited has 1 subsidiary company.
Ultimate parent company
2 parents
VITRIFI LIMITED
13150446
1 subsidiary
vitrifi limited directors
Vitrifi Limited currently has 4 directors. The longest serving directors include Mr Robert Skinner (Jan 2021) and Mr Richard Jeffares (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Skinner | United Kingdom | 43 years | Jan 2021 | - | Director |
| Mr Richard Jeffares | United Kingdom | 52 years | Feb 2021 | - | Director |
| Mr John Browett | United Kingdom | 61 years | Jan 2023 | - | Director |
| Mr Rupert Pearce | England | 60 years | Jun 2024 | - | Director |
P&L
June 2023turnover
446
-100%
operating profit
-8.8m
+183%
gross margin
87%
+430.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-6m
-2.73%
total assets
6.8m
-0.28%
cash
467.6k
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
vitrifi limited company details
company number
13150446
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
January 2021
age
4
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
6th floor 33 holborn, london, england, EC1N 2HT
Bank
-
Legal Advisor
-
vitrifi 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 found 1 charges/mortgages relating to vitrifi limited. Currently there are 0 open charges and 1 have been satisfied in the past.
vitrifi 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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vitrifi limited Companies House Filings - See Documents
| date | description | view/download |
|---|
