solace corporation
solace corporation Company Information
Company Number
FC026052
Next Accounts
2588 days late
Shareholders
-
Group Structure
View All
Industry
Registered Address
535 legget drive, 3rd floor, vianata, ontario, canada, K2K 3B8
Website
-solace corporation Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CORPORATION at £0 based on a Turnover of £34.3m and 0x industry multiple (adjusted for size and gross margin).
solace corporation Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CORPORATION at £0 based on an EBITDA of £7.3m and a 0x industry multiple (adjusted for size and gross margin).
solace corporation Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CORPORATION at £0 based on Net Assets of £14.1m and 0x industry multiple (adjusted for liquidity).
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Solace Corporation Overview
Solace Corporation is a converted/closed company that was located in vianata, ontario, K2K 3B8 with a Companies House number of FC026052. Founded in June 2005, it's largest shareholder was unknown. The last turnover for Solace Corporation was estimated at £34.3m.
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Solace Corporation Health Check
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Size
There is insufficient data available for this Key Performance Indicator!
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Growth
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Production
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Profitability
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Employees
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Pay Structure
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Efficiency
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Debtor Days
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Creditor Days
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Stock Days
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Cash Balance
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Debt Level
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SOLACE CORPORATION financials
Solace Corporation's latest turnover from April 2016 is £34.3 million and the company has net assets of £14.1 million. According to their latest financial statements, we estimate that Solace Corporation has no employees and maintains cash reserves of £11.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Turnover | 34,267,170 | 22,893,547 | 19,524,771 | 13,470,101 | 10,384,624 | 11,318,642 | |
| Other Income Or Grants | |||||||
| Cost Of Sales | 4,995,096 | 4,762,198 | 5,038,415 | 3,475,431 | 3,112,450 | 3,344,022 | |
| Gross Profit | 29,272,074 | 18,131,349 | 14,486,357 | 9,994,671 | 7,272,175 | 7,974,620 | |
| Admin Expenses | 21,937,884 | 14,883,164 | 14,678,659 | 11,599,279 | |||
| Operating Profit | 7,334,190 | -4,888,493 | -7,406,484 | -3,624,659 | |||
| Interest Payable | 324,927 | 342,514 | 59,510 | 135,244 | |||
| Interest Receivable | |||||||
| Pre-Tax Profit | -4,313,938 | -2,123,853 | -4,523,962 | -4,956,668 | -7,557,606 | -3,891,318 | |
| Tax | -1,261 | 1,009,675 | 1,207,672 | 1,009,502 | 1,137,423 | 1,096,114 | |
| Profit After Tax | -4,315,199 | -1,114,178 | -3,316,290 | -3,947,166 | -6,420,182 | -2,795,204 | |
| Dividends Paid | |||||||
| Retained Profit | -4,315,199 | -1,114,178 | -3,316,290 | -3,947,166 | -6,420,182 | -2,795,204 | |
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* | 7,334,190 | -4,888,493 | -7,406,484 | -3,624,659 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 220,872 | 228,583 | 199,193 | 291,782 | 311,013 | ||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 220,871 | 228,582 | 199,192 | 291,782 | 311,013 | ||
| Stock & work in progress | 1,361,787 | 1,528,388 | 1,402,274 | 1,002,644 | 1,247,938 | 1,122,720 | |
| Trade Debtors | 13,479,645 | 4,699,031 | 4,831,254 | 2,897,155 | 3,776,154 | 3,966,198 | |
| Group Debtors | |||||||
| Misc Debtors | |||||||
| Cash | 11,710,686 | 2,936,532 | 2,922,836 | 1,055,315 | 477,284 | 3,513,140 | |
| misc current assets | 2,788,359 | 1,584,487 | 1,717,686 | 1,664,256 | 1,633,874 | 1,610,622 | |
| total current assets | 29,340,479 | 10,748,439 | 10,874,051 | 6,619,372 | 7,135,252 | 10,212,681 | |
| total assets | 29,340,479 | 10,969,310 | 11,102,633 | 6,818,564 | 7,427,034 | 10,523,694 | |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 5,402,264 | 2,968,946 | 3,162,180 | 2,180,794 | 1,920,449 | 1,946,875 | |
| Group/Directors Accounts | |||||||
| other short term finances | 810,861 | 926,697 | |||||
| hp & lease commitments | |||||||
| other current liabilities | 9,863,582 | 5,628,539 | 4,228,345 | 2,253,490 | 2,078,028 | 1,965,659 | |
| total current liabilities | 15,265,847 | 9,408,347 | 8,317,223 | 4,434,284 | 3,998,477 | 3,912,535 | |
| loans | 1,216,291 | 1,544,496 | |||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 1,216,291 | 1,544,496 | |||||
| total liabilities | 15,265,847 | 10,624,638 | 9,861,719 | 4,434,284 | 3,998,477 | 3,912,535 | |
| net assets | 14,074,632 | 344,672 | 1,240,915 | 2,384,279 | 3,428,556 | 6,611,159 | |
| total shareholders funds | 14,074,632 | 344,673 | 1,240,915 | 2,384,280 | 3,428,556 | 6,611,159 |
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 7,334,190 | -4,888,493 | -7,406,484 | -3,624,659 | |||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | -1,261 | 1,009,675 | 1,207,672 | 1,009,502 | 1,137,423 | 1,096,114 | |
| Stock | -166,601 | 126,114 | 399,630 | -245,294 | 125,218 | 1,122,720 | |
| Debtors | 8,780,613 | -132,222 | 1,934,098 | -878,999 | -190,044 | 3,966,198 | |
| Creditors | 2,433,318 | -193,233 | 981,386 | 260,345 | -26,426 | 1,946,875 | |
| Accruals and Deferred Income | 4,235,043 | 1,400,194 | 1,974,855 | 175,462 | 112,369 | 1,965,659 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 5,387,278 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -810,861 | -115,836 | 926,697 | ||||
| Long term loans | -1,216,291 | -328,205 | 1,544,496 | ||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -324,927 | -342,514 | -59,510 | -135,244 | |||
| cash flow from financing | 16,018,006 | -551,032 | 4,301,604 | 2,843,380 | 3,102,335 | 9,406,363 | |
| cash and cash equivalents | |||||||
| cash | 8,774,154 | 13,696 | 1,867,521 | 578,031 | -3,035,856 | 3,513,140 | |
| overdraft | |||||||
| change in cash | 8,774,154 | 13,696 | 1,867,521 | 578,031 | -3,035,856 | 3,513,140 |
solace corporation Credit Report and Business Information
Solace Corporation Competitor Analysis
Perform a competitor analysis for solace corporation by selecting its closest rivals, whether from the industry sector, other large companies, companies in Region Area area or any other competitors across 12 key performance metrics.
solace corporation Ownership
SOLACE CORPORATION group structure
Solace Corporation has no subsidiary companies.
Ultimate parent company
SOLACE CORPORATION
FC026052
solace corporation directors
Solace Corporation currently has 6 directors. The longest serving directors include Sir Terence Matthews (Jun 2005) and Mr Samuel Duboc (Jun 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Sir Terence Matthews | 81 years | Jun 2005 | - | Director | |
| Mr Samuel Duboc | Canada | 62 years | Jun 2005 | - | Director |
| Mr Jose Medeiros | Canada | 60 years | Jun 2005 | - | Director |
| Mr Craig Betts | Canada | 50 years | Jun 2005 | - | Director |
| Mr Ian McLaren | Canada | 68 years | Jun 2005 | - | Director |
| Mr Derek Smyth | Canada | 59 years | Jun 2005 | - | Director |
P&L
April 2016turnover
34.3m
+50%
operating profit
7.3m
0%
gross margin
85.5%
+7.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2016net assets
14.1m
+39.83%
total assets
29.3m
+1.67%
cash
11.7m
+2.99%
net assets
Total assets minus all liabilities
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solace corporation company details
company number
FC026052
Type
Other
industry
incorporation date
June 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2016
previous names
solace systems, inc. (November 2016)
accountant
-
auditor
-
address
535 legget drive, 3rd floor, vianata, ontario, canada, K2K 3B8
Bank
-
Legal Advisor
-
solace corporation 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.
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solace corporation Capital Raised & Share Issues BETA
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solace corporation Companies House Filings - See Documents
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