ignition bidco limited

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ignition bidco limited Company Information

Share IGNITION BIDCO LIMITED

Company Number

13463105

Shareholders

everest uk finco limited

paul risk

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Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

alresford house mill lane, alton, hampshire, GU34 2QJ

Website

-

ignition bidco limited Estimated Valuation

£368k

Pomanda estimates the enterprise value of IGNITION BIDCO LIMITED at £368k based on a Turnover of £328.1k and 1.12x industry multiple (adjusted for size and gross margin).

ignition bidco limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of IGNITION BIDCO LIMITED at £5.4m based on an EBITDA of £1.2m and a 4.66x industry multiple (adjusted for size and gross margin).

ignition bidco limited Estimated Valuation

£26.7m

Pomanda estimates the enterprise value of IGNITION BIDCO LIMITED at £26.7m based on Net Assets of £19.9m and 1.34x industry multiple (adjusted for liquidity).

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Ignition Bidco Limited Overview

Ignition Bidco Limited is a live company located in hampshire, GU34 2QJ with a Companies House number of 13463105. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2021, it's largest shareholder is everest uk finco limited with a 75.3% stake. Ignition Bidco Limited is a startup, micro sized company, Pomanda has estimated its turnover at £328.1k with unknown growth in recent years.

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Ignition Bidco Limited Health Check

Pomanda's financial health check has awarded Ignition Bidco Limited a 3 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

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £328.1k, make it smaller than the average company (£18.9m)

£328.1k - Ignition Bidco Limited

£18.9m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Ignition Bidco Limited

- - Industry AVG

production

Production

with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)

36.3% - Ignition Bidco Limited

36.3% - Industry AVG

profitability

Profitability

an operating margin of 351.7% make it more profitable than the average company (4.5%)

351.7% - Ignition Bidco Limited

4.5% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (105)

3 - Ignition Bidco Limited

105 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)

£44.7k - Ignition Bidco Limited

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.4k, this is less efficient (£191.4k)

£109.4k - Ignition Bidco Limited

£191.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Ignition Bidco Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (44 days)

4 days - Ignition Bidco Limited

44 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ignition Bidco Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)

2 weeks - Ignition Bidco Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 5.7%, this is a lower level of debt than the average (69.6%)

5.7% - Ignition Bidco Limited

69.6% - Industry AVG

IGNITION BIDCO LIMITED financials

EXPORTms excel logo

Ignition Bidco Limited's latest turnover from December 2023 is estimated at £328.1 thousand and the company has net assets of £19.9 million. According to their latest financial statements, Ignition Bidco Limited has 3 employees and maintains cash reserves of £65.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021
Turnover328,058201,170180,863
Other Income Or Grants000
Cost Of Sales208,855128,316117,491
Gross Profit119,20372,85463,372
Admin Expenses-1,034,607-1,054,123-1,321,601
Operating Profit1,153,8101,126,9771,384,973
Interest Payable000
Interest Receivable4,2701,6990
Pre-Tax Profit1,158,0801,128,6771,384,973
Tax-289,520-214,449-263,145
Profit After Tax868,560914,2281,121,828
Dividends Paid000
Retained Profit868,560914,2281,121,828
Employee Costs134,07283,72779,458
Number Of Employees322
EBITDA*1,153,8101,126,9771,384,973

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021
Tangible Assets000
Intangible Assets000
Investments & Other21,054,66221,028,43420,787,016
Debtors (Due After 1 year)000
Total Fixed Assets21,054,66221,028,43420,787,016
Stock & work in progress000
Trade Debtors000
Group Debtors009,988
Misc Debtors000
Cash65,58697,0920
misc current assets000
total current assets65,58697,0929,988
total assets21,120,24821,125,52620,797,004
Bank overdraft000
Bank loan000
Trade Creditors 2,48923148
Group/Directors Accounts1,191,3752,069,0212,657,510
other short term finances000
hp & lease commitments000
other current liabilities5,5504,0001,400
total current liabilities1,199,4142,073,2522,658,958
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities000
provisions000
total long term liabilities000
total liabilities1,199,4142,073,2522,658,958
net assets19,920,83419,052,27418,138,046
total shareholders funds19,920,83419,052,27418,138,046
Dec 2023Dec 2022Dec 2021
Operating Activities
Operating Profit1,153,8101,126,9771,384,973
Depreciation000
Amortisation000
Tax-289,520-214,449-263,145
Stock000
Debtors0-9,9889,988
Creditors2,25818348
Accruals and Deferred Income1,5502,6001,400
Deferred Taxes & Provisions000
Cash flow from operations868,098925,2991,113,288
Investing Activities
capital expenditure000
Change in Investments26,228241,41820,787,016
cash flow from investments-26,228-241,418-20,787,016
Financing Activities
Bank loans000
Group/Directors Accounts-877,646-588,4892,657,510
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue0017,016,218
interest4,2701,6990
cash flow from financing-873,376-586,79019,673,728
cash and cash equivalents
cash-31,50697,0920
overdraft000
change in cash-31,50697,0920

ignition bidco limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ignition Bidco Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ignition bidco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in GU34 area or any other competitors across 12 key performance metrics.

ignition bidco limited Ownership

IGNITION BIDCO LIMITED group structure

Ignition Bidco Limited has 2 subsidiary companies.

Ultimate parent company

EXCLUSIVE NETWORKS SA

#0164809

2 parents

IGNITION BIDCO LIMITED

13463105

2 subsidiaries

IGNITION BIDCO LIMITED Shareholders

everest uk finco limited 75.34%
paul risk 7.71%
peter ledger 7.71%
sean remnant 7.71%
david risk 1.54%

ignition bidco limited directors

Ignition Bidco Limited currently has 3 directors. The longest serving directors include Mr Jesper Trolle (Jun 2021) and Mr Graham Aynsley (Jun 2021).

officercountryagestartendrole
Mr Jesper TrolleUnited Kingdom52 years Jun 2021- Director
Mr Graham AynsleyUnited Kingdom60 years Jun 2021- Director
Mr Peter LedgerUnited Kingdom44 years Oct 2023- Director

P&L

December 2023

turnover

328.1k

+63%

operating profit

1.2m

0%

gross margin

36.4%

+0.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

19.9m

+0.05%

total assets

21.1m

0%

cash

65.6k

-0.32%

net assets

Total assets minus all liabilities

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ignition bidco limited company details

company number

13463105

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

June 2021

age

4

incorporated

UK

ultimate parent company

EXCLUSIVE NETWORKS SA

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

AZETS AUDIT SERVICES

auditor

-

address

alresford house mill lane, alton, hampshire, GU34 2QJ

Bank

-

Legal Advisor

-

ignition bidco 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 ignition bidco limited.

ignition bidco 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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ignition bidco limited Companies House Filings - See Documents

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