Pomanda estimates the enterprise value of IFAST DIAGNOSTICS LIMITED at £958.3k based on a Turnover of £846.9k and 1.13x industry multiple (adjusted for size and gross margin).
ifast diagnostics limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of IFAST DIAGNOSTICS LIMITED at £0 based on an EBITDA of £-820.3k and a 5.29x industry multiple (adjusted for size and gross margin).
ifast diagnostics limitedEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of IFAST DIAGNOSTICS LIMITED at £2.2m based on Net Assets of £1.1m and 2.01x industry multiple (adjusted for liquidity).
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Ifast Diagnostics LimitedOverview
Ifast Diagnostics Limited is a live company located in fareham, PO15 7AF with a Companies House number of 14027191. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in April 2022, it's largest shareholder is
hywel morgan
with a 11.6% stake. Ifast Diagnostics Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£846.9k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Ifast Diagnostics 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 Rating3out of 5
2 Strong
2 Regular
5 Weak
Size
annual sales of £846.9k, make it smaller than the average company (£10m)
£846.9k - Ifast Diagnostics Limited
£10m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Ifast Diagnostics Limited
- - Industry AVG
Production
with a gross margin of 45.9%, this company has a comparable cost of product (45.9%)
45.9% - Ifast Diagnostics Limited
45.9% - Industry AVG
Profitability
an operating margin of -98.7% make it less profitable than the average company (-0.5%)
-98.7% - Ifast Diagnostics Limited
-0.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (69)
8 - Ifast Diagnostics Limited
69 - Industry AVG
Pay Structure
on an average salary of £64.4k, the company has an equivalent pay structure (£64.4k)
£64.4k - Ifast Diagnostics Limited
£64.4k - Industry AVG
Efficiency
resulting in sales per employee of £105.9k, this is less efficient (£147.1k)
£105.9k - Ifast Diagnostics Limited
£147.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ifast Diagnostics Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (44 days)
29 days - Ifast Diagnostics Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ifast Diagnostics Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 448 weeks, this is more cash available to meet short term requirements (24 weeks)
448 weeks - Ifast Diagnostics Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.3%, this is a lower level of debt than the average (46.4%)
8.3% - Ifast Diagnostics Limited
46.4% - Industry AVG
IFAST DIAGNOSTICS LIMITED financials
EXPORT
Ifast Diagnostics Limited's latest turnover from March 2024 is estimated at £846.9 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Ifast Diagnostics Limited has 8 employees and maintains cash reserves of £830.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Turnover
846,886
491,782
Other Income Or Grants
Cost Of Sales
458,294
263,535
Gross Profit
388,592
228,247
Admin Expenses
1,224,597
369,352
Operating Profit
-836,005
-141,105
Interest Payable
Interest Receivable
69,881
38,929
Pre-Tax Profit
-766,124
-102,176
Tax
Profit After Tax
-766,124
-102,176
Dividends Paid
Retained Profit
-766,124
-102,176
Employee Costs
515,242
241,740
Number Of Employees
8
4
EBITDA*
-820,300
-141,105
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Tangible Assets
70,920
32,224
Intangible Assets
Investments & Other
26,192
Debtors (Due After 1 year)
Total Fixed Assets
97,112
32,224
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
240,594
48,285
Cash
830,185
1,831,962
misc current assets
total current assets
1,070,779
1,880,247
total assets
1,167,891
1,912,471
Bank overdraft
Bank loan
Trade Creditors
36,715
64,645
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
59,596
10,122
total current liabilities
96,311
74,767
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
96,311
74,767
net assets
1,071,580
1,837,704
total shareholders funds
1,071,580
1,837,704
Mar 2024
Mar 2023
Operating Activities
Operating Profit
-836,005
-141,105
Depreciation
15,360
Amortisation
345
Tax
Stock
Debtors
192,309
48,285
Creditors
-27,930
64,645
Accruals and Deferred Income
49,474
10,122
Deferred Taxes & Provisions
Cash flow from operations
-991,065
-114,623
Investing Activities
capital expenditure
-54,401
-32,224
Change in Investments
26,192
cash flow from investments
-80,593
-32,224
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
1,939,880
interest
69,881
38,929
cash flow from financing
69,881
1,978,809
cash and cash equivalents
cash
-1,001,777
1,831,962
overdraft
change in cash
-1,001,777
1,831,962
ifast diagnostics 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 ifast diagnostics limited. Get real-time insights into ifast diagnostics limited's credit score, group structure and payment trends.
Perform a competitor analysis for ifast diagnostics limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in PO15 area or any other competitors across 12 key performance metrics.
ifast diagnostics limited Ownership
IFAST DIAGNOSTICS LIMITED group structure
Ifast Diagnostics Limited has no subsidiary companies.
Ultimate parent company
IFAST DIAGNOSTICS LIMITED
14027191
IFAST DIAGNOSTICS LIMITED Shareholders
The largest shareholders in Ifast Diagnostics Limited include Hywel Morgan and Daniel Christopher Spencer.
hywel morgan
11.65%
daniel christopher spencer
11.65%
kcp nominees ltd
11.12%
khp ventures i limited partnership
9.07%
the uk innovation & science seed fund
8.97%
yuanhan materials inc.
7.9%
kadmos capital i lp
7.68%
the university of southampton
6.21%
neil cox
4.72%
toby st. john king
3.89%
ifast diagnostics limited directors
Ifast Diagnostics Limited currently has 4 directors.
The longest serving directors include
Dr Toby King (Apr 2022) and
Mr Hywel Morgan (Jan 2023).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
1.1m
-0.42%
total assets
1.2m
-0.39%
cash
830.2k
-0.55%
net assets
Total assets minus all liabilities
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ifast diagnostics limited company details
company number
14027191
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
April 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
CLIFFORD ROBERTS
auditor
-
address
ground floor, 1500 parkway villa, solent business park, fareham, PO15 7AF
Bank
-
Legal Advisor
-
ifast diagnostics 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 ifast diagnostics limited.
ifast diagnostics 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.
Click to start generating capital raising & share issue transactions for IFAST DIAGNOSTICS LIMITED. This can take several minutes, an email will notify you when this has completed.
ifast diagnostics limitedCompanies House Filings - See Documents
