Pomanda estimates the enterprise value of 44I LIMITED at £3.9m based on a Turnover of £7.8m and 0.5x industry multiple (adjusted for size and gross margin).
44i limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of 44I LIMITED at £0 based on an EBITDA of £-53.2k and a 3.98x industry multiple (adjusted for size and gross margin).
44i limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of 44I LIMITED at £0 based on Net Assets of £-108.5k and 1.31x industry multiple (adjusted for liquidity).
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44i LimitedOverview
44i Limited is a live company located in leeds, LS1 4AP with a Companies House number of 13194876. It operates in the non-trading company sector, SIC Code 74990. Founded in February 2021, it's largest shareholder is
trustees of the darren & helen forshaw 2021 trust
with a 60% stake. 44i Limited is a startup,
mid sized company, Pomanda has estimated its turnover at
£7.8m with
unknown
growth in recent years.
Pomanda's financial health check has awarded 44I 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
Health Rating2.5out of 5
3 Strong
1 Regular
5 Weak
Size
annual sales of £7.8m, make it larger than the average company (£2.6m)
£7.8m - 44i Limited
£2.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - 44i Limited
- - Industry AVG
Production
with a gross margin of 19.5%, this company has a higher cost of product (34.6%)
19.5% - 44i Limited
34.6% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (5.4%)
-0.7% - 44i Limited
5.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (34)
2 - 44i Limited
34 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)
£39.7k - 44i Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £3.9m, this is more efficient (£138.5k)
£3.9m - 44i Limited
£138.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - 44i Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 299 days, this is slower than average (39 days)
299 days - 44i Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 44i Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 34 weeks, this is less cash available to meet short term requirements (47 weeks)
34 weeks - 44i Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.2%, this is a higher level of debt than the average (38.9%)
102.2% - 44i Limited
38.9% - Industry AVG
44I LIMITED financials
EXPORT
44I Limited's latest turnover from March 2024 is estimated at £7.8 million and the company has net assets of -£108.5 thousand. According to their latest financial statements, 44I Limited has 2 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Turnover
7,781,452
7,196,981
112,793
Other Income Or Grants
Cost Of Sales
6,265,223
5,867,600
95,813
Gross Profit
1,516,229
1,329,381
16,979
Admin Expenses
1,569,449
1,515,966
-143,403
Operating Profit
-53,220
-186,585
160,382
Interest Payable
261,375
172,125
Interest Receivable
197,658
125,191
6,693
Pre-Tax Profit
144,437
-322,769
-5,050
Tax
-36,109
Profit After Tax
108,328
-322,769
-5,050
Dividends Paid
Retained Profit
108,328
-322,769
-5,050
Employee Costs
79,385
Number Of Employees
2
2
2
EBITDA*
-53,220
-186,585
160,382
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
Cash
3,423,321
4,106,489
1,784,858
misc current assets
1,614,154
686,871
3,394,639
total current assets
5,037,475
4,793,360
5,179,497
total assets
5,037,475
4,793,360
5,179,497
Bank overdraft
Bank loan
Trade Creditors
5,145,988
5,121,177
Group/Directors Accounts
other short term finances
5,100,000
hp & lease commitments
other current liabilities
4,000
total current liabilities
5,145,988
5,121,177
5,104,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
5,145,988
5,121,177
5,104,000
net assets
-108,513
-327,817
75,497
total shareholders funds
-108,513
-327,817
75,497
Mar 2024
Mar 2023
Mar 2022
Operating Activities
Operating Profit
-53,220
-186,585
160,382
Depreciation
Amortisation
Tax
-36,109
Stock
Debtors
Creditors
24,811
5,121,177
Accruals and Deferred Income
-4,000
4,000
Deferred Taxes & Provisions
Cash flow from operations
-64,518
4,930,592
164,382
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-5,100,000
5,100,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
110,976
-80,545
80,547
interest
197,658
-136,184
-165,432
cash flow from financing
308,634
-5,316,729
5,015,115
cash and cash equivalents
cash
-683,168
2,321,631
1,784,858
overdraft
change in cash
-683,168
2,321,631
1,784,858
44i limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for 44i limited. Get real-time insights into 44i limited's credit score, group structure and payment trends.
Perform a competitor analysis for 44i limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in LS1 area or any other competitors across 12 key performance metrics.
44i limited Ownership
44I LIMITED group structure
44I Limited has no subsidiary companies.
Ultimate parent company
44I LIMITED
13194876
44I LIMITED Shareholders
The largest shareholders in 44I Limited include Trustees Of The Darren & Helen Forshaw 2021 Trust and Helen Louise Forshaw.
trustees of the darren & helen forshaw 2021 trust
60%
helen louise forshaw
20%
darren william forshaw
20%
44i limited directors
44I Limited currently has 2 directors.
The longest serving directors include
Mrs Helen Forshaw (Feb 2021) and
Mr Darren Forshaw (Feb 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
-108.5k
-0.67%
total assets
5m
+0.05%
cash
3.4m
-0.17%
net assets
Total assets minus all liabilities
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44i limited company details
company number
13194876
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
February 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
saffery llp 10 wellington place, leeds, LS1 4AP
Bank
-
Legal Advisor
-
44i 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 44i limited.
44i 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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44i limitedCompanies House Filings - See Documents
