clydewire ltd
clydewire ltd Company Information
Company Number
SC616431
Next Accounts
1215 days late
Industry
Business and domestic software development
Specialised design activities
Directors
Shareholders
lennart anders hansen
john paul louden
Group Structure
View All
Contact
Registered Address
the old forge 28 field road, clarkston, glasgow, G76 8SE
Website
www.clydewire.comclydewire ltd Estimated Valuation
Pomanda estimates the enterprise value of CLYDEWIRE LTD at £265.9k based on a Turnover of £496.3k and 0.54x industry multiple (adjusted for size and gross margin).
clydewire ltd Estimated Valuation
Pomanda estimates the enterprise value of CLYDEWIRE LTD at £0 based on an EBITDA of £-21.7m and a 3.64x industry multiple (adjusted for size and gross margin).
clydewire ltd Estimated Valuation
Pomanda estimates the enterprise value of CLYDEWIRE LTD at £83.2k based on Net Assets of £37.4k and 2.22x industry multiple (adjusted for liquidity).
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Clydewire Ltd Overview
Clydewire Ltd is a live company located in glasgow, G76 8SE with a Companies House number of SC616431. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2018, it's largest shareholder is lennart anders hansen with a 50% stake. Clydewire Ltd is a young, micro sized company, Pomanda has estimated its turnover at £496.3k with unknown growth in recent years.
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Clydewire Ltd Health Check
Pomanda's financial health check has awarded Clydewire Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
6 Weak
Size
annual sales of £496.3k, make it smaller than the average company (£2m)
- Clydewire Ltd
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Clydewire Ltd
- - Industry AVG
Production
with a gross margin of 30.9%, this company has a higher cost of product (56.8%)
- Clydewire Ltd
56.8% - Industry AVG
Profitability
an operating margin of -4370.2% make it less profitable than the average company (6.4%)
- Clydewire Ltd
6.4% - Industry AVG
Employees
with 11 employees, this is below the industry average (22)
11 - Clydewire Ltd
22 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has an equivalent pay structure (£54.6k)
- Clydewire Ltd
£54.6k - Industry AVG
Efficiency
resulting in sales per employee of £45.1k, this is less efficient (£122.9k)
- Clydewire Ltd
£122.9k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is near the average (64 days)
- Clydewire Ltd
64 days - Industry AVG
Creditor Days
its suppliers are paid after 140 days, this is slower than average (38 days)
- Clydewire Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Clydewire Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Clydewire Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.2%, this is a higher level of debt than the average (60.3%)
80.2% - Clydewire Ltd
60.3% - Industry AVG
CLYDEWIRE LTD financials
Clydewire Ltd's latest turnover from December 2019 is estimated at £496.3 thousand and the company has net assets of £37.4 thousand. According to their latest financial statements, Clydewire Ltd has 11 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|
| Turnover | 130,759,000 | 134,895,000 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 58,765,000 | 61,112,000 | |
| Gross Profit | 71,994,000 | 73,783,000 | |
| Admin Expenses | 49,870,000 | 49,077,000 | |
| Operating Profit | 22,124,000 | 24,706,000 | |
| Interest Payable | 8,329,000 | 8,309,000 | |
| Interest Receivable | 4,075,000 | 4,153,000 | |
| Pre-Tax Profit | 17,870,000 | 27,284,000 | |
| Tax | -2,227,000 | -3,937,000 | |
| Profit After Tax | 15,643,000 | 23,347,000 | |
| Dividends Paid | 8,379,000 | 16,500,000 | |
| Retained Profit | 7,264,000 | 6,847,000 | |
| Employee Costs | 17,203,000 | 16,610,000 | |
| Number Of Employees | 11 | 333 | 335 |
| EBITDA* | 26,645,000 | 28,929,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|
| Tangible Assets | 100,697 | 37,550,000 | 37,981,000 |
| Intangible Assets | 0 | 7,716,000 | 6,225,000 |
| Investments & Other | 0 | 407,932,000 | 265,577,000 |
| Debtors (Due After 1 year) | 0 | 40,296,000 | 50,255,000 |
| Total Fixed Assets | 100,697 | 493,494,000 | 360,038,000 |
| Stock & work in progress | 0 | 28,219,000 | 14,603,000 |
| Trade Debtors | 87,940 | 1,605,000 | 1,272,000 |
| Group Debtors | 0 | 37,945,000 | 28,582,000 |
| Misc Debtors | 0 | 18,640,000 | 24,185,000 |
| Cash | 0 | 19,736,000 | 9,321,000 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 87,940 | 106,145,000 | 77,963,000 |
| total assets | 188,637 | 599,639,000 | 438,001,000 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 132,275 | 13,922,000 | 13,418,000 |
| Group/Directors Accounts | 0 | 26,324,000 | 35,675,000 |
| other short term finances | 0 | 12,000 | 88,000 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 6,296,000 | 11,808,000 |
| total current liabilities | 132,275 | 46,554,000 | 60,989,000 |
| loans | 0 | 121,944,000 | 92,470,000 |
| hp & lease commitments | 0 | 6,777,000 | 6,777,000 |
| Accruals and Deferred Income | 0 | 12,911,000 | 12,823,000 |
| other liabilities | 18,923 | 0 | 0 |
| provisions | 0 | 41,237,000 | 46,241,000 |
| total long term liabilities | 18,923 | 182,869,000 | 158,311,000 |
| total liabilities | 151,198 | 229,423,000 | 219,300,000 |
| net assets | 37,439 | 370,216,000 | 218,701,000 |
| total shareholders funds | 37,439 | 370,216,000 | 218,701,000 |
| Dec 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 22,124,000 | 24,706,000 | |
| Depreciation | 3,586,000 | 4,012,000 | |
| Amortisation | 935,000 | 211,000 | |
| Tax | -2,227,000 | -3,937,000 | |
| Stock | -28,219,000 | 13,616,000 | 14,603,000 |
| Debtors | -98,398,060 | -5,808,000 | 104,294,000 |
| Creditors | -13,789,725 | 504,000 | 13,418,000 |
| Accruals and Deferred Income | -19,207,000 | -5,424,000 | 24,631,000 |
| Deferred Taxes & Provisions | -41,237,000 | -5,004,000 | 46,241,000 |
| Cash flow from operations | 6,686,000 | -9,615,000 | |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -407,932,000 | 142,355,000 | 265,577,000 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | -26,324,000 | -9,351,000 | 35,675,000 |
| Other Short Term Loans | -12,000 | -76,000 | 88,000 |
| Long term loans | -121,944,000 | 29,474,000 | 92,470,000 |
| Hire Purchase and Lease Commitments | -6,777,000 | 0 | 6,777,000 |
| other long term liabilities | 18,923 | 0 | 0 |
| share issue | |||
| interest | -4,254,000 | -4,156,000 | |
| cash flow from financing | 160,044,000 | 342,708,000 | |
| cash and cash equivalents | |||
| cash | -19,736,000 | 10,415,000 | 9,321,000 |
| overdraft | 0 | 0 | 0 |
| change in cash | -19,736,000 | 10,415,000 | 9,321,000 |
clydewire ltd Credit Report and Business Information
Clydewire Ltd Competitor Analysis
Perform a competitor analysis for clydewire ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in G76 area or any other competitors across 12 key performance metrics.
clydewire ltd Ownership
CLYDEWIRE LTD group structure
Clydewire Ltd has no subsidiary companies.
Ultimate parent company
CLYDEWIRE LTD
SC616431
clydewire ltd directors
Clydewire Ltd currently has 1 director, Mr Lennart Hansen serving since Dec 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lennart Hansen | Scotland | 43 years | Dec 2018 | - | Director |
P&L
December 2019turnover
496.3k
-100%
operating profit
-21.7m
0%
gross margin
30.9%
-43.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
37.4k
-1%
total assets
188.6k
-1%
cash
0
-1%
net assets
Total assets minus all liabilities
clydewire ltd company details
company number
SC616431
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
74100 - Specialised design activities
62090 - Other information technology and computer service activities
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2019
previous names
N/A
accountant
THE HANSEN COMPANY
auditor
-
address
the old forge 28 field road, clarkston, glasgow, G76 8SE
Bank
-
Legal Advisor
-
clydewire ltd 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 clydewire ltd.
clydewire ltd 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.
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clydewire ltd Companies House Filings - See Documents
| date | description | view/download |
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