ikrush limited

4.5

ikrush limited Company Information

Share IKRUSH LIMITED
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Company Number

SC435074

Registered 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

Directors

Mohammed Jabbar11 Years

Mohammed Jabbar3 Years

Shareholders

mohammed kashaf jabbar 50%

mohammed qasim jabbar 50%

ikrush limited Estimated Valuation

£472.5k

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

£0

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

£588.8k

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).

Valuation Calculator
This valuation is estimated based on financial data from October 2022 

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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

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.5m, make it larger than the average company (£378.2k)

£2.5m - Ikrush Limited

£378.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.8%)

18% - Ikrush Limited

8.8% - Industry AVG

production

Production

with a gross margin of 20.4%, this company has a higher cost of product (36.9%)

20.4% - Ikrush Limited

36.9% - Industry AVG

profitability

Profitability

an operating margin of -8.9% make it less profitable than the average company (3.9%)

-8.9% - Ikrush Limited

3.9% - Industry AVG

employees

Employees

with 32 employees, this is above the industry average (5)

32 - Ikrush Limited

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)

£27.2k - Ikrush Limited

£27.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.2k, this is less efficient (£176.1k)

£77.2k - Ikrush Limited

£176.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 93 days, this is later than average (26 days)

93 days - Ikrush Limited

26 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 88 days, this is slower than average (37 days)

88 days - Ikrush Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ikrush Limited

- - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ikrush Limited Competitor Analysis

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ikrush limited Ownership

IKRUSH LIMITED group structure

Ikrush Limited has no subsidiary companies.

Ultimate parent company

IKRUSH LIMITED

SC435074

IKRUSH LIMITED Shareholders

mohammed kashaf jabbar 50%
mohammed qasim jabbar 50%

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).

officercountryagestartendrole
Mr Mohammed JabbarScotland35 years Oct 2012- Director
Mr Mohammed JabbarScotland38 years Dec 2020- Director

IKRUSH LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Turnover2,470,3652,126,3801,695,3551,502,9982,432,615735,976295,572403,456395,918187,735
Other Income Or Grants0000000000
Cost Of Sales1,965,6631,644,4401,332,8661,151,3281,871,897563,500225,480299,786158,61290,729
Gross Profit504,702481,940362,490351,670560,717172,47670,092103,670237,30697,006
Admin Expenses724,035423,41686,401316,343451,45541,46462,087107,889230,03483,136
Operating Profit-219,33358,524276,08935,327109,262131,0128,005-4,2197,27213,870
Interest Payable0000000178410
Interest Receivable9,273602420843970344232700
Pre-Tax Profit-210,06059,126276,50936,170110,232131,3568,028-4,3707,23113,870
Tax0-11,234-52,537-6,872-20,944-24,958-1,6050-1,446-2,774
Profit After Tax-210,06047,892223,97229,29889,288106,3986,422-4,3705,78511,096
Dividends Paid0000000000
Retained Profit-210,06047,892223,97229,29889,288106,3986,422-4,3705,78511,096
Employee Costs870,238724,635603,384935,679711,31684,67726,97854,47254,53126,272
Number Of Employees322724352431221
EBITDA*-213,69466,942289,43435,327109,262134,0718,976-4,2197,27213,870

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Tangible Assets19,06524,70431,21444,55811,12213,0713,884000
Intangible Assets0000000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets19,06524,70431,21444,55811,12213,0713,884000
Stock & work in progress000435,3150225,167213,623168,59167,43244,649
Trade Debtors635,479521,374365,352193,150678,8320777000
Group Debtors0000000000
Misc Debtors0000000000
Cash235,011589,298615,393224,8300258,59316,6321,5779,34151,240
misc current assets0000000000
total current assets870,4901,110,672980,745853,295678,832483,760231,032170,16876,77395,889
total assets889,5551,135,3761,011,959897,853689,954496,831234,916170,16876,77395,889
Bank overdraft000000005,4790
Bank loan0000000000
Trade Creditors 478,346574,030494,068609,896419,333323,637182,024157,65639,99871,164
Group/Directors Accounts0000000000
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities0000000014,41413,628
total current liabilities478,346574,030494,068609,896419,333323,637182,024157,65659,89184,792
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities105,48645,56350,000056,00247,86233,958000
provisions00044,038000000
total long term liabilities105,48645,56350,00044,03856,00247,86233,958000
total liabilities583,832619,593544,068653,934475,335371,499215,982157,65659,89184,792
net assets305,723515,783467,891243,919214,619125,33218,93412,51216,88211,097
total shareholders funds305,723515,783467,891243,919214,619125,33218,93412,51216,88211,097
Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Operating Activities
Operating Profit-219,33358,524276,08935,327109,262131,0128,005-4,2197,27213,870
Depreciation5,6398,41813,345003,059971000
Amortisation0000000000
Tax0-11,234-52,537-6,872-20,944-24,958-1,6050-1,446-2,774
Stock00-435,315435,315-225,16711,54445,032101,15922,78344,649
Debtors114,105156,022172,202-485,682678,832-777777000
Creditors-95,68479,962-115,828190,56395,696141,61324,368117,658-31,16671,164
Accruals and Deferred Income0000000-14,41478613,628
Deferred Taxes & Provisions00-44,03844,038000000
Cash flow from operations-423,483-20,352340,144313,423-269,651239,959-14,070-2,134-47,33751,239
Investing Activities
capital expenditure0-1,908-1-33,4361,949-12,246-4,855000
Change in Investments0000000000
cash flow from investments0-1,908-1-33,4361,949-12,246-4,855000
Financing Activities
Bank loans0000000000
Group/Directors Accounts0000000000
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities59,923-4,43750,000-56,0028,14013,90433,958000
share issue0002-100001
interest9,27360242084397034423-151-410
cash flow from financing69,196-3,83550,420-55,1579,10914,24833,981-151-411
cash and cash equivalents
cash-354,287-26,095390,563224,830-258,593241,96115,055-7,764-41,89951,240
overdraft0000000-5,4795,4790
change in cash-354,287-26,095390,563224,830-258,593241,96115,055-2,285-47,37851,240

P&L

October 2022

turnover

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 2022

net assets

305.7k

-0.41%

total assets

889.6k

-0.22%

cash

235k

-0.6%

net assets

Total assets minus all liabilities

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

None

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.

charges

ikrush limited Companies House Filings - See Documents

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