ikrush limited Company Information
Company Number
SC435074
Website
www.ikrush.comRegistered Address
86 broad street, glasgow, G40 2BA
Industry
Retail sale via mail order houses or via Internet
Telephone
08443356099
Next Accounts Due
July 2024
Group Structure
View All
Shareholders
mohammed kashaf jabbar 50%
mohammed qasim jabbar 50%
ikrush limited Estimated Valuation
Pomanda estimates the enterprise value of IKRUSH LIMITED at £472.5k based on a Turnover of £2.5m and 0.19x industry multiple (adjusted for size and gross margin).
ikrush limited Estimated Valuation
Pomanda estimates the enterprise value of IKRUSH LIMITED at £0 based on an EBITDA of £-213.7k and a 2.94x industry multiple (adjusted for size and gross margin).
ikrush limited Estimated Valuation
Pomanda estimates the enterprise value of IKRUSH LIMITED at £588.8k based on Net Assets of £305.7k and 1.93x industry multiple (adjusted for liquidity).
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Ikrush Limited Overview
Ikrush Limited is a live company located in glasgow, G40 2BA with a Companies House number of SC435074. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in October 2012, it's largest shareholder is mohammed kashaf jabbar with a 50% stake. Ikrush Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with high growth in recent years.
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Ikrush Limited Health Check
Pomanda's financial health check has awarded Ikrush Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£378.2k)
- Ikrush Limited
£378.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.8%)
- Ikrush Limited
8.8% - Industry AVG
Production
with a gross margin of 20.4%, this company has a higher cost of product (36.9%)
- Ikrush Limited
36.9% - Industry AVG
Profitability
an operating margin of -8.9% make it less profitable than the average company (3.9%)
- Ikrush Limited
3.9% - Industry AVG
Employees
with 32 employees, this is above the industry average (5)
32 - Ikrush Limited
5 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
- Ikrush Limited
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £77.2k, this is less efficient (£176.1k)
- Ikrush Limited
£176.1k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (26 days)
- Ikrush Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (37 days)
- Ikrush Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ikrush Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (19 weeks)
25 weeks - Ikrush Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.6%, this is a lower level of debt than the average (73.3%)
65.6% - Ikrush Limited
73.3% - Industry AVG
ikrush limited Credit Report and Business Information
Ikrush Limited Competitor Analysis
Perform a competitor analysis for ikrush limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ikrush limited Ownership
IKRUSH LIMITED group structure
Ikrush Limited has no subsidiary companies.
Ultimate parent company
IKRUSH LIMITED
SC435074
ikrush limited directors
Ikrush Limited currently has 2 directors. The longest serving directors include Mr Mohammed Jabbar (Oct 2012) and Mr Mohammed Jabbar (Dec 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mohammed Jabbar | Scotland | 35 years | Oct 2012 | - | Director |
Mr Mohammed Jabbar | Scotland | 38 years | Dec 2020 | - | Director |
IKRUSH LIMITED financials
Ikrush Limited's latest turnover from October 2022 is estimated at £2.5 million and the company has net assets of £305.7 thousand. According to their latest financial statements, Ikrush Limited has 32 employees and maintains cash reserves of £235 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | 395,918 | 187,735 | ||||||||
Other Income Or Grants | 0 | 0 | ||||||||
Cost Of Sales | 158,612 | 90,729 | ||||||||
Gross Profit | 237,306 | 97,006 | ||||||||
Admin Expenses | 230,034 | 83,136 | ||||||||
Operating Profit | 7,272 | 13,870 | ||||||||
Interest Payable | 41 | 0 | ||||||||
Interest Receivable | 0 | 0 | ||||||||
Pre-Tax Profit | 7,231 | 13,870 | ||||||||
Tax | -1,446 | -2,774 | ||||||||
Profit After Tax | 5,785 | 11,096 | ||||||||
Dividends Paid | 0 | 0 | ||||||||
Retained Profit | 5,785 | 11,096 | ||||||||
Employee Costs | ||||||||||
Number Of Employees | 32 | 27 | 24 | 35 | 24 | |||||
EBITDA* | 7,272 | 13,870 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 19,065 | 24,704 | 31,214 | 44,558 | 11,122 | 13,071 | 3,884 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 19,065 | 24,704 | 31,214 | 44,558 | 11,122 | 13,071 | 3,884 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 435,315 | 0 | 225,167 | 213,623 | 168,591 | 67,432 | 44,649 |
Trade Debtors | 635,479 | 521,374 | 365,352 | 193,150 | 678,832 | 0 | 777 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 235,011 | 589,298 | 615,393 | 224,830 | 0 | 258,593 | 16,632 | 1,577 | 9,341 | 51,240 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 870,490 | 1,110,672 | 980,745 | 853,295 | 678,832 | 483,760 | 231,032 | 170,168 | 76,773 | 95,889 |
total assets | 889,555 | 1,135,376 | 1,011,959 | 897,853 | 689,954 | 496,831 | 234,916 | 170,168 | 76,773 | 95,889 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,479 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 478,346 | 574,030 | 494,068 | 609,896 | 419,333 | 323,637 | 182,024 | 157,656 | 39,998 | 71,164 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,414 | 13,628 |
total current liabilities | 478,346 | 574,030 | 494,068 | 609,896 | 419,333 | 323,637 | 182,024 | 157,656 | 59,891 | 84,792 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 105,486 | 45,563 | 50,000 | 0 | 56,002 | 47,862 | 33,958 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 44,038 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 105,486 | 45,563 | 50,000 | 44,038 | 56,002 | 47,862 | 33,958 | 0 | 0 | 0 |
total liabilities | 583,832 | 619,593 | 544,068 | 653,934 | 475,335 | 371,499 | 215,982 | 157,656 | 59,891 | 84,792 |
net assets | 305,723 | 515,783 | 467,891 | 243,919 | 214,619 | 125,332 | 18,934 | 12,512 | 16,882 | 11,097 |
total shareholders funds | 305,723 | 515,783 | 467,891 | 243,919 | 214,619 | 125,332 | 18,934 | 12,512 | 16,882 | 11,097 |
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | 7,272 | 13,870 | ||||||||
Depreciation | 5,639 | 8,418 | 13,345 | 0 | 3,059 | 971 | 0 | 0 | 0 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -1,446 | -2,774 | ||||||||
Stock | 0 | 0 | -435,315 | 435,315 | -225,167 | 11,544 | 45,032 | 101,159 | 22,783 | 44,649 |
Debtors | 114,105 | 156,022 | 172,202 | -485,682 | 678,832 | -777 | 777 | 0 | 0 | 0 |
Creditors | -95,684 | 79,962 | -115,828 | 190,563 | 95,696 | 141,613 | 24,368 | 117,658 | -31,166 | 71,164 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -14,414 | 786 | 13,628 |
Deferred Taxes & Provisions | 0 | 0 | -44,038 | 44,038 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -47,337 | 51,239 | ||||||||
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 59,923 | -4,437 | 50,000 | -56,002 | 8,140 | 13,904 | 33,958 | 0 | 0 | 0 |
share issue | ||||||||||
interest | -41 | 0 | ||||||||
cash flow from financing | -41 | 1 | ||||||||
cash and cash equivalents | ||||||||||
cash | -354,287 | -26,095 | 390,563 | 224,830 | -258,593 | 241,961 | 15,055 | -7,764 | -41,899 | 51,240 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,479 | 5,479 | 0 |
change in cash | -354,287 | -26,095 | 390,563 | 224,830 | -258,593 | 241,961 | 15,055 | -2,285 | -47,378 | 51,240 |
P&L
October 2022turnover
2.5m
+16%
operating profit
-219.3k
0%
gross margin
20.5%
-9.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
305.7k
-0.41%
total assets
889.6k
-0.22%
cash
235k
-0.6%
net assets
Total assets minus all liabilities
Similar Companies
ikrush limited company details
company number
SC435074
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
October 2012
age
12
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
86 broad street, glasgow, G40 2BA
last accounts submitted
October 2022
ikrush 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 ikrush limited.
ikrush limited Companies House Filings - See Documents
date | description | view/download |
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