vertice technology ltd
vertice technology ltd Company Information
Company Number
13776471
Website
-Registered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
vertice group ltd 100%
vertice technology ltd Estimated Valuation
Pomanda estimates the enterprise value of VERTICE TECHNOLOGY LTD at £859k based on a Turnover of £1.6m and 0.53x industry multiple (adjusted for size and gross margin).
vertice technology ltd Estimated Valuation
Pomanda estimates the enterprise value of VERTICE TECHNOLOGY LTD at £0 based on an EBITDA of £-4.2m and a 3.92x industry multiple (adjusted for size and gross margin).
vertice technology ltd Estimated Valuation
Pomanda estimates the enterprise value of VERTICE TECHNOLOGY LTD at £0 based on Net Assets of £-4.2m and 2.18x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Vertice Technology Ltd Overview
Vertice Technology Ltd is a live company located in cheshire, WA14 2DT with a Companies House number of 13776471. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2021, it's largest shareholder is vertice group ltd with a 100% stake. Vertice Technology Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.
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Vertice Technology Ltd Health Check
Pomanda's financial health check has awarded Vertice Technology Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£6.6m)
- Vertice Technology Ltd
£6.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Vertice Technology Ltd
- - Industry AVG
Production
with a gross margin of 27%, this company has a higher cost of product (51.9%)
- Vertice Technology Ltd
51.9% - Industry AVG
Profitability
an operating margin of -258.4% make it less profitable than the average company (3.7%)
- Vertice Technology Ltd
3.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (43)
15 - Vertice Technology Ltd
43 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
- Vertice Technology Ltd
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £108.5k, this is less efficient (£162k)
- Vertice Technology Ltd
£162k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (55 days)
- Vertice Technology Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 196 days, this is slower than average (36 days)
- Vertice Technology Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Vertice Technology Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (15 weeks)
59 weeks - Vertice Technology Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 431.1%, this is a higher level of debt than the average (63.4%)
431.1% - Vertice Technology Ltd
63.4% - Industry AVG
VERTICE TECHNOLOGY LTD financials
Vertice Technology Ltd's latest turnover from December 2022 is estimated at £1.6 million and the company has net assets of -£4.2 million. According to their latest financial statements, Vertice Technology Ltd has 15 employees and maintains cash reserves of £728.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 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 | 15 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | |
|---|---|
| Tangible Assets | 43,933 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 43,933 |
| Stock & work in progress | 0 |
| Trade Debtors | 494,095 |
| Group Debtors | 0 |
| Misc Debtors | 0 |
| Cash | 728,704 |
| misc current assets | 0 |
| total current assets | 1,222,799 |
| total assets | 1,266,732 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 641,559 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 0 |
| total current liabilities | 641,559 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 4,819,464 |
| provisions | 0 |
| total long term liabilities | 4,819,464 |
| total liabilities | 5,461,023 |
| net assets | -4,194,291 |
| total shareholders funds | -4,194,291 |
| Dec 2022 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 11,168 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 494,095 |
| Creditors | 641,559 |
| Accruals and Deferred Income | 0 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 4,819,464 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 728,704 |
| overdraft | 0 |
| change in cash | 728,704 |
vertice technology ltd Credit Report and Business Information
Vertice Technology Ltd Competitor Analysis
Perform a competitor analysis for vertice technology ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vertice technology ltd Ownership
VERTICE TECHNOLOGY LTD group structure
Vertice Technology Ltd has no subsidiary companies.
vertice technology ltd directors
Vertice Technology Ltd currently has 2 directors. The longest serving directors include Mr Roy Tuvey (Dec 2021) and Mr Eldar Tuvey (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Tuvey | England | 48 years | Dec 2021 | - | Director |
| Mr Eldar Tuvey | England | 53 years | Dec 2021 | - | Director |
P&L
December 2022turnover
1.6m
0%
operating profit
-4.2m
0%
gross margin
27%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4.2m
0%
total assets
1.3m
0%
cash
728.7k
0%
net assets
Total assets minus all liabilities
Similar Companies
vertice technology ltd company details
company number
13776471
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
December 2021
age
3
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
last accounts submitted
December 2022
vertice technology 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 found 3 charges/mortgages relating to vertice technology ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
vertice technology ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
