avidity group limited
avidity group limited Company Information
Company Number
SC513441
Next Accounts
Mar 2026
Shareholders
mulgy limited
mcp investments ii sarl
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
2 west regent street, glasgow, G2 1RW
Website
-avidity group limited Estimated Valuation
Pomanda estimates the enterprise value of AVIDITY GROUP LIMITED at £73.2m based on a Turnover of £65m and 1.13x industry multiple (adjusted for size and gross margin).
avidity group limited Estimated Valuation
Pomanda estimates the enterprise value of AVIDITY GROUP LIMITED at £42.8m based on an EBITDA of £4.8m and a 8.91x industry multiple (adjusted for size and gross margin).
avidity group limited Estimated Valuation
Pomanda estimates the enterprise value of AVIDITY GROUP LIMITED at £0 based on Net Assets of £-8.1m and 2.11x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Avidity Group Limited Overview
Avidity Group Limited is a live company located in glasgow, G2 1RW with a Companies House number of SC513441. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 2015, it's largest shareholder is mulgy limited with a 65.1% stake. Avidity Group Limited is a established, large sized company, Pomanda has estimated its turnover at £65m with healthy growth in recent years.
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Avidity Group Limited Health Check
Pomanda's financial health check has awarded Avidity Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £65m, make it larger than the average company (£20.8m)
£65m - Avidity Group Limited
£20.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (9.7%)
12% - Avidity Group Limited
9.7% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
33.4% - Avidity Group Limited
33.4% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (5.8%)
-2.2% - Avidity Group Limited
5.8% - Industry AVG
Employees
with 1243 employees, this is above the industry average (114)
1243 - Avidity Group Limited
114 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has a lower pay structure (£49.4k)
£34.9k - Avidity Group Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £52.3k, this is less efficient (£198.4k)
£52.3k - Avidity Group Limited
£198.4k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (45 days)
67 days - Avidity Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (42 days)
9 days - Avidity Group Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Avidity Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Avidity Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.2%, this is a higher level of debt than the average (54.4%)
115.2% - Avidity Group Limited
54.4% - Industry AVG
AVIDITY GROUP LIMITED financials
Avidity Group Limited's latest turnover from June 2024 is £65 million and the company has net assets of -£8.1 million. According to their latest financial statements, Avidity Group Limited has 1,243 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,029,000 | 55,903,000 | 49,042,000 | 46,087,000 | 61,566,000 | 63,901,000 | 67,091,000 | 70,893,000 | 50,654,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | -1,425,000 | -3,122,000 | -3,202,000 | -10,889,000 | -2,193,000 | -97,000 | 390,000 | 2,342,000 | 3,196,000 |
| Interest Payable | 3,959,000 | 3,615,000 | 3,300,000 | 5,620,000 | 10,043,000 | 9,146,000 | 8,866,000 | 8,665,000 | 21,295,000 |
| Interest Receivable | 18,000 | 58,000 | 104,000 | 76,000 | 462,000 | 560,000 | 16,434,000 | ||
| Pre-Tax Profit | -5,366,000 | -6,679,000 | -6,502,000 | -16,509,000 | -12,132,000 | -9,128,000 | -7,978,000 | -5,759,000 | -2,092,000 |
| Tax | -638,000 | -256,000 | -76,000 | 60,000 | -539,000 | -892,000 | -816,000 | -768,000 | -1,547,000 |
| Profit After Tax | -6,004,000 | -6,935,000 | -6,578,000 | -16,449,000 | -12,671,000 | -10,020,000 | -8,794,000 | -6,527,000 | -3,639,000 |
| Dividends Paid | 56,000 | ||||||||
| Retained Profit | -6,004,000 | -6,935,000 | -6,578,000 | -16,449,000 | -12,671,000 | -10,020,000 | -8,857,000 | -6,763,000 | -3,830,000 |
| Employee Costs | 43,430,000 | 37,308,000 | 32,830,000 | 30,873,000 | 39,232,000 | 38,591,000 | 39,691,000 | 40,519,000 | 26,783,000 |
| Number Of Employees | 1,243 | 1,103 | 1,099 | 1,115 | 1,374 | 1,324 | 1,449 | 1,595 | 1,571 |
| EBITDA* | 4,803,000 | 3,974,000 | 3,212,000 | -3,883,000 | 5,016,000 | 7,166,000 | 7,647,000 | 9,455,000 | 8,122,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,530,000 | 2,555,000 | 2,175,000 | 1,857,000 | 2,175,000 | 2,353,000 | 2,490,000 | 2,309,000 | 2,117,000 |
| Intangible Assets | 32,853,000 | 38,062,000 | 44,048,000 | 49,490,000 | 61,840,000 | 67,953,000 | 74,065,000 | 80,178,000 | 86,380,000 |
| Investments & Other | 11,000 | 11,000 | 968,000 | 11,000 | 12,000 | 30,000 | 30,000 | 30,000 | 475,000 |
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 36,394,000 | 40,628,000 | 47,191,000 | 51,358,000 | 64,027,000 | 70,336,000 | 76,585,000 | 82,517,000 | 88,972,000 |
| Stock & work in progress | |||||||||
| Trade Debtors | 11,989,000 | 10,218,000 | 10,233,000 | 8,458,000 | 6,852,000 | 9,956,000 | 9,679,000 | 10,477,000 | 10,607,000 |
| Group Debtors | 284,000 | ||||||||
| Misc Debtors | 3,446,000 | 2,985,000 | 2,845,000 | 2,492,000 | 3,128,000 | 2,810,000 | 3,810,000 | 3,541,000 | 3,565,000 |
| Cash | 1,250,000 | 9,120,000 | 8,625,000 | 12,014,000 | 20,194,000 | 13,707,000 | 14,041,000 | 13,860,000 | 11,673,000 |
| misc current assets | |||||||||
| total current assets | 16,685,000 | 22,323,000 | 21,703,000 | 22,964,000 | 30,174,000 | 26,473,000 | 27,530,000 | 27,878,000 | 26,129,000 |
| total assets | 53,079,000 | 62,951,000 | 68,894,000 | 74,322,000 | 94,201,000 | 96,809,000 | 104,115,000 | 110,395,000 | 115,101,000 |
| Bank overdraft | 2,500,000 | ||||||||
| Bank loan | 2,000,000 | 1,812,000 | 2,125,000 | 1,912,000 | 1,488,000 | 1,063,000 | 638,000 | ||
| Trade Creditors | 1,071,000 | 1,382,000 | 886,000 | 663,000 | 883,000 | 859,000 | 1,340,000 | 875,000 | 806,000 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | 144,000 | ||||||||
| other current liabilities | 21,443,000 | 18,271,000 | 17,346,000 | 16,254,000 | 25,693,000 | 21,854,000 | 24,220,000 | 20,281,000 | 22,893,000 |
| total current liabilities | 22,658,000 | 22,153,000 | 20,232,000 | 18,729,000 | 28,701,000 | 24,625,000 | 27,048,000 | 22,219,000 | 24,337,000 |
| loans | 37,037,000 | 41,544,000 | 41,504,000 | 41,638,000 | 111,506,000 | 105,505,000 | 100,177,000 | 98,629,000 | 94,250,000 |
| hp & lease commitments | 264,000 | ||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 232,000 | 560,000 | |||||||
| total long term liabilities | 38,479,000 | 42,531,000 | 41,736,000 | 43,604,000 | 114,125,000 | 106,773,000 | 101,127,000 | 99,743,000 | 94,250,000 |
| total liabilities | 61,137,000 | 64,684,000 | 61,968,000 | 62,333,000 | 142,826,000 | 131,398,000 | 128,175,000 | 121,962,000 | 118,587,000 |
| net assets | -8,058,000 | -1,733,000 | 6,926,000 | 11,989,000 | -48,625,000 | -34,589,000 | -24,060,000 | -12,721,000 | -4,404,000 |
| total shareholders funds | -8,058,000 | -1,733,000 | 6,926,000 | 11,989,000 | -48,625,000 | -34,589,000 | -24,060,000 | -12,721,000 | -4,404,000 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -1,425,000 | -3,122,000 | -3,202,000 | -10,889,000 | -2,193,000 | -97,000 | 390,000 | 2,342,000 | 3,196,000 |
| Depreciation | 1,019,000 | 1,110,000 | 972,000 | 893,000 | 1,096,000 | 1,151,000 | 1,144,000 | 911,000 | 613,000 |
| Amortisation | 5,209,000 | 5,986,000 | 5,442,000 | 6,113,000 | 6,113,000 | 6,112,000 | 6,113,000 | 6,202,000 | 4,313,000 |
| Tax | -638,000 | -256,000 | -76,000 | 60,000 | -539,000 | -892,000 | -816,000 | -768,000 | -1,547,000 |
| Stock | |||||||||
| Debtors | 2,232,000 | 125,000 | 2,128,000 | 970,000 | -2,786,000 | -723,000 | -529,000 | -438,000 | 14,456,000 |
| Creditors | -311,000 | 496,000 | 223,000 | -220,000 | 24,000 | -481,000 | 465,000 | 69,000 | 806,000 |
| Accruals and Deferred Income | 3,172,000 | 925,000 | 1,092,000 | -9,439,000 | 3,839,000 | -2,366,000 | 3,939,000 | -2,612,000 | 22,893,000 |
| Deferred Taxes & Provisions | -232,000 | -328,000 | 560,000 | ||||||
| Cash flow from operations | 4,794,000 | 4,782,000 | 1,995,000 | -13,892,000 | 11,126,000 | 4,150,000 | 11,764,000 | 6,582,000 | 15,818,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -957,000 | 957,000 | -1,000 | -18,000 | -445,000 | 475,000 | |||
| cash flow from investments | 957,000 | -957,000 | 1,000 | 18,000 | 445,000 | -475,000 | |||
| Financing Activities | |||||||||
| Bank loans | -2,000,000 | 188,000 | -313,000 | 213,000 | 424,000 | 425,000 | 425,000 | 638,000 | |
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | -4,507,000 | 40,000 | -134,000 | -69,868,000 | 6,001,000 | 5,328,000 | 1,548,000 | 4,379,000 | 94,250,000 |
| Hire Purchase and Lease Commitments | 408,000 | ||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -3,941,000 | -3,557,000 | -3,300,000 | -5,620,000 | -9,939,000 | -9,070,000 | -8,404,000 | -8,105,000 | -4,861,000 |
| cash flow from financing | -8,361,000 | -7,241,000 | -1,731,000 | 1,262,000 | -5,090,000 | -3,827,000 | -8,913,000 | -4,855,000 | 89,453,000 |
| cash and cash equivalents | |||||||||
| cash | -7,870,000 | 495,000 | -3,389,000 | -8,180,000 | 6,487,000 | -334,000 | 181,000 | 2,187,000 | 11,673,000 |
| overdraft | -2,500,000 | 2,500,000 | |||||||
| change in cash | -5,370,000 | -2,005,000 | -3,389,000 | -8,180,000 | 6,487,000 | -334,000 | 181,000 | 2,187,000 | 11,673,000 |
avidity group limited Credit Report and Business Information
Avidity Group Limited Competitor Analysis
Perform a competitor analysis for avidity group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in G 2 area or any other competitors across 12 key performance metrics.
avidity group limited Ownership
AVIDITY GROUP LIMITED group structure
Avidity Group Limited has 1 subsidiary company.
Ultimate parent company
1 parent
AVIDITY GROUP LIMITED
SC513441
1 subsidiary
avidity group limited directors
Avidity Group Limited currently has 6 directors. The longest serving directors include Mr Phil Dougall (Jun 2017) and Mr Jamie Matheson (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phil Dougall | England | 61 years | Jun 2017 | - | Director |
| Mr Jamie Matheson | United Kingdom | 70 years | May 2018 | - | Director |
| Mrs Jillian Ross | Scotland | 51 years | Aug 2018 | - | Director |
| Mr Diego Herrera | England | 47 years | Nov 2020 | - | Director |
| Mr Andrew Yaxley | England | 57 years | Feb 2022 | - | Director |
| Mr Jonathan Chambers | Scotland | 42 years | Aug 2023 | - | Director |
P&L
June 2024turnover
65m
+16%
operating profit
-1.4m
-54%
gross margin
33.4%
-0.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
-8.1m
+3.65%
total assets
53.1m
-0.16%
cash
1.3m
-0.86%
net assets
Total assets minus all liabilities
avidity group limited company details
company number
SC513441
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
tmgl investments limited (April 2021)
dmws 1061 limited (September 2015)
accountant
-
auditor
FORVIS MAZARS LLP
address
2 west regent street, glasgow, G2 1RW
Bank
BANK OF SCOTLAND
Legal Advisor
DICKSON MINTO WS
avidity group 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 4 charges/mortgages relating to avidity group limited. Currently there are 2 open charges and 2 have been satisfied in the past.
avidity group 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 AVIDITY GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
avidity group limited Companies House Filings - See Documents
| date | description | view/download |
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