Pomanda estimates the enterprise value of UTOPI LTD at £11.9m based on a Turnover of £12.9m and 0.92x industry multiple (adjusted for size and gross margin).
utopi ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of UTOPI LTD at £0 based on an EBITDA of £-2.2m and a 6.27x industry multiple (adjusted for size and gross margin).
utopi ltdEstimated Valuation
£5.8m
Pomanda estimates the enterprise value of UTOPI LTD at £5.8m based on Net Assets of £2.6m and 2.25x industry multiple (adjusted for liquidity).
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Utopi LtdOverview
Utopi Ltd is a live company located in glasgow, G2 4SQ with a Companies House number of SC626120. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2019, it's largest shareholder is
scottish investments limited
with a 20.6% stake. Utopi Ltd is a young,
mid sized company, Pomanda has estimated its turnover at
£12.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Utopi Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
4 Regular
3 Weak
Size
annual sales of £12.9m, make it larger than the average company (£7.5m)
£12.9m - Utopi Ltd
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 132%, show it is growing at a faster rate (9%)
132% - Utopi Ltd
9% - Industry AVG
Production
with a gross margin of 48.7%, this company has a comparable cost of product (48.7%)
48.7% - Utopi Ltd
48.7% - Industry AVG
Profitability
an operating margin of -18% make it less profitable than the average company (4%)
-18% - Utopi Ltd
4% - Industry AVG
Employees
with 45 employees, this is similar to the industry average (43)
45 - Utopi Ltd
43 - Industry AVG
Pay Structure
on an average salary of £72.6k, the company has an equivalent pay structure (£72.6k)
£72.6k - Utopi Ltd
£72.6k - Industry AVG
Efficiency
resulting in sales per employee of £287.1k, this is more efficient (£176.8k)
£287.1k - Utopi Ltd
£176.8k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (51 days)
83 days - Utopi Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (35 days)
23 days - Utopi Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (13 days)
5 days - Utopi Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 14 weeks, this is average cash available to meet short term requirements (14 weeks)
14 weeks - Utopi Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.5%, this is a lower level of debt than the average (62.8%)
55.5% - Utopi Ltd
62.8% - Industry AVG
UTOPI LTD financials
EXPORT
Utopi Ltd's latest turnover from March 2024 is estimated at £12.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Utopi Ltd has 45 employees and maintains cash reserves of £903.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
12,919,839
2,867,096
943,988
1,038,608
361,043
Other Income Or Grants
Cost Of Sales
6,633,145
1,448,196
462,277
516,667
178,493
Gross Profit
6,286,694
1,418,900
481,711
521,941
182,550
Admin Expenses
8,608,804
2,153,530
706,363
862,513
261,633
Operating Profit
-2,322,110
-734,630
-224,652
-340,572
-79,083
Interest Payable
5,547
14,229
26,819
27,926
9,150
Interest Receivable
159,197
121,504
3,218
297
146
Pre-Tax Profit
-2,168,460
-627,355
-248,253
-368,201
-88,087
Tax
Profit After Tax
-2,168,460
-627,355
-248,253
-368,201
-88,087
Dividends Paid
Retained Profit
-2,168,460
-627,355
-248,253
-368,201
-88,087
Employee Costs
3,265,927
1,249,681
924,826
814,185
178,422
Number Of Employees
45
18
14
13
3
EBITDA*
-2,243,678
-720,049
-209,234
-332,145
-74,830
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
416,485
23,514
29,441
21,543
16,235
Intangible Assets
1,111,465
607,751
203,126
Investments & Other
8
Debtors (Due After 1 year)
Total Fixed Assets
1,527,958
631,265
232,567
21,543
16,235
Stock & work in progress
96,033
25,653
4,264
Trade Debtors
2,971,681
508,468
62,206
111,000
60,000
Group Debtors
Misc Debtors
293,090
410,526
107,618
83,774
15,582
Cash
903,089
5,161,559
556,294
301,706
291,910
misc current assets
total current assets
4,263,893
6,106,206
730,382
496,480
367,492
total assets
5,791,851
6,737,471
962,949
518,023
383,727
Bank overdraft
10,000
10,000
8,333
Bank loan
Trade Creditors
423,223
344,287
57,628
14,080
16,510
Group/Directors Accounts
other short term finances
46,314
70,304
107,171
7,500
hp & lease commitments
other current liabilities
2,790,981
1,548,462
82,551
196,881
18,800
total current liabilities
3,214,204
1,949,063
220,483
326,465
42,810
loans
42,301
98,725
500,092
292,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
42,301
98,725
500,092
292,500
total liabilities
3,214,204
1,991,364
319,208
826,557
335,310
net assets
2,577,647
4,746,107
643,741
-308,534
48,417
total shareholders funds
2,577,647
4,746,107
643,741
-308,534
48,417
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
-2,322,110
-734,630
-224,652
-340,572
-79,083
Depreciation
78,432
14,581
15,418
8,427
4,253
Amortisation
Tax
Stock
70,380
21,389
4,264
Debtors
2,345,777
749,170
-24,950
119,192
75,582
Creditors
78,936
286,659
43,548
-2,430
16,510
Accruals and Deferred Income
1,242,519
1,465,911
-114,330
178,081
18,800
Deferred Taxes & Provisions
Cash flow from operations
-3,338,380
261,962
-259,330
-275,686
-115,102
Investing Activities
capital expenditure
-975,117
-413,279
-226,442
-13,735
-20,488
Change in Investments
8
cash flow from investments
-975,125
-413,279
-226,442
-13,735
-20,488
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-46,314
-23,990
-36,867
99,671
7,500
Long term loans
-42,301
-56,424
-401,367
207,592
292,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,729,721
1,200,528
11,250
136,504
interest
153,650
107,275
-23,601
-27,629
-9,004
cash flow from financing
65,035
4,756,582
738,693
290,884
427,500
cash and cash equivalents
cash
-4,258,470
4,605,265
254,588
9,796
291,910
overdraft
-10,000
1,667
8,333
change in cash
-4,248,470
4,605,265
252,921
1,463
291,910
utopi ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for utopi ltd. Get real-time insights into utopi ltd's credit score, group structure and payment trends.
Perform a competitor analysis for utopi ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in G 2 area or any other competitors across 12 key performance metrics.
utopi ltd Ownership
UTOPI LTD group structure
Utopi Ltd has no subsidiary companies.
Ultimate parent company
UTOPI LTD
SC626120
UTOPI LTD Shareholders
The largest shareholders in Utopi Ltd include Scottish Investments Limited and Jonathan Burrows.
scottish investments limited
20.6%
jonathan burrows
13.76%
john trower
12.82%
falk bleyl
12.42%
ben roberts
12.42%
scottish enterprise
4.84%
mark roberts
4.37%
andrew redmond
3.6%
ask4 limited
3.6%
barry oliver
3.11%
utopi ltd directors
Utopi Ltd currently has 7 directors.
The longest serving directors include
Mr John Trower (Jul 2019) and
Jonathan Burridge (Mar 2020).
62090 - Other information technology and computer service activities
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
March 2024
previous names
bath street enterprises ltd (April 2019)
accountant
BENHAM CONWAY & CO
auditor
-
address
163 bath street, glasgow, G2 4SQ
Bank
-
Legal Advisor
-
utopi 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 found 2 charges/mortgages relating to utopi ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
utopi 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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