cirdan path xl limited
cirdan path xl limited Company Information
Company Number
NI670190
Website
-Registered Address
the green tullynacross road, lambeg, lisburn, BT27 5SR
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Hugh Cormican4 Years
Shareholders
cirdan imaging limited 100%
cirdan path xl limited Estimated Valuation
Pomanda estimates the enterprise value of CIRDAN PATH XL LIMITED at £650.1k based on a Turnover of £817.7k and 0.8x industry multiple (adjusted for size and gross margin).
cirdan path xl limited Estimated Valuation
Pomanda estimates the enterprise value of CIRDAN PATH XL LIMITED at £0 based on an EBITDA of £-191.4k and a 5.23x industry multiple (adjusted for size and gross margin).
cirdan path xl limited Estimated Valuation
Pomanda estimates the enterprise value of CIRDAN PATH XL LIMITED at £306k based on Net Assets of £129.3k and 2.37x industry multiple (adjusted for liquidity).
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Cirdan Path Xl Limited Overview
Cirdan Path Xl Limited is a live company located in lisburn, BT27 5SR with a Companies House number of NI670190. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2020, it's largest shareholder is cirdan imaging limited with a 100% stake. Cirdan Path Xl Limited is a startup, small sized company, Pomanda has estimated its turnover at £817.7k with unknown growth in recent years.
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Cirdan Path Xl Limited Health Check
Pomanda's financial health check has awarded Cirdan Path Xl Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £817.7k, make it smaller than the average company (£3.4m)
- Cirdan Path Xl Limited
£3.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cirdan Path Xl Limited
- - Industry AVG
Production
with a gross margin of 71.4%, this company has a comparable cost of product (71.4%)
- Cirdan Path Xl Limited
71.4% - Industry AVG
Profitability
an operating margin of -34.4% make it less profitable than the average company (3.7%)
- Cirdan Path Xl Limited
3.7% - Industry AVG
Employees
with 16 employees, this is below the industry average (31)
16 - Cirdan Path Xl Limited
31 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has an equivalent pay structure (£66.1k)
- Cirdan Path Xl Limited
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £51.1k, this is less efficient (£112.5k)
- Cirdan Path Xl Limited
£112.5k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (61 days)
- Cirdan Path Xl Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (41 days)
- Cirdan Path Xl Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cirdan Path Xl Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - Cirdan Path Xl Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.6%, this is a higher level of debt than the average (60.8%)
93.6% - Cirdan Path Xl Limited
60.8% - Industry AVG
CIRDAN PATH XL LIMITED financials
Cirdan Path Xl Limited's latest turnover from June 2023 is estimated at £817.7 thousand and the company has net assets of £129.3 thousand. According to their latest financial statements, Cirdan Path Xl Limited has 16 employees and maintains cash reserves of £20.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| 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 | 16 | 11 | 15 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 110,665 | 161,206 | 205,661 |
| Intangible Assets | 1,693,219 | 1,515,104 | 1,085,775 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 1,803,884 | 1,676,310 | 1,291,436 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 33,335 | 32,380 | 38,384 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 170,736 | 240,113 | 133,721 |
| Cash | 20,785 | 1,684 | 169,021 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 224,856 | 274,177 | 341,126 |
| total assets | 2,028,740 | 1,950,487 | 1,632,562 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 22,355 | 33,257 | 13,775 |
| Group/Directors Accounts | 1,684,974 | 1,238,062 | 720,891 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 56,302 | 88,856 | 69,264 |
| total current liabilities | 1,763,631 | 1,360,175 | 803,930 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 135,819 | 180,485 | 302,695 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 135,819 | 180,485 | 302,695 |
| total liabilities | 1,899,450 | 1,540,660 | 1,106,625 |
| net assets | 129,290 | 409,827 | 525,937 |
| total shareholders funds | 129,290 | 409,827 | 525,937 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 52,197 | 51,461 | 238,000 |
| Amortisation | 37,513 | 37,638 | 39,576 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -68,422 | 100,388 | 172,105 |
| Creditors | -10,902 | 19,482 | 13,775 |
| Accruals and Deferred Income | -77,220 | -102,618 | 371,959 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 446,912 | 517,171 | 720,891 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 19,101 | -167,337 | 169,021 |
| overdraft | 0 | 0 | 0 |
| change in cash | 19,101 | -167,337 | 169,021 |
cirdan path xl limited Credit Report and Business Information
Cirdan Path Xl Limited Competitor Analysis
Perform a competitor analysis for cirdan path xl limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in BT27 area or any other competitors across 12 key performance metrics.
cirdan path xl limited Ownership
CIRDAN PATH XL LIMITED group structure
Cirdan Path Xl Limited has no subsidiary companies.
cirdan path xl limited directors
Cirdan Path Xl Limited currently has 1 director, Dr Hugh Cormican serving since Jun 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Hugh Cormican | Northern Ireland | 62 years | Jun 2020 | - | Director |
P&L
June 2023turnover
817.7k
+46%
operating profit
-281.1k
0%
gross margin
71.5%
-3.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
129.3k
-0.68%
total assets
2m
+0.04%
cash
20.8k
+11.34%
net assets
Total assets minus all liabilities
Similar Companies
cirdan path xl limited company details
company number
NI670190
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
June 2020
age
4
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
the green tullynacross road, lambeg, lisburn, BT27 5SR
accountant
ASM (M) LTD
auditor
-
cirdan path xl 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 found 2 charges/mortgages relating to cirdan path xl limited. Currently there are 2 open charges and 0 have been satisfied in the past.
cirdan path xl limited Companies House Filings - See Documents
| date | description | view/download |
|---|
