school of chemistry, university of glasgow, glasgow, G12 8QQ
Website
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chemify limitedEstimated Valuation
£5.5m
Pomanda estimates the enterprise value of CHEMIFY LIMITED at £5.5m based on a Turnover of £8.6m and 0.64x industry multiple (adjusted for size and gross margin).
chemify limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CHEMIFY LIMITED at £0 based on an EBITDA of £-3.8m and a 4.24x industry multiple (adjusted for size and gross margin).
chemify limitedEstimated Valuation
£42.2m
Pomanda estimates the enterprise value of CHEMIFY LIMITED at £42.2m based on Net Assets of £21.9m and 1.93x industry multiple (adjusted for liquidity).
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Chemify LimitedOverview
Chemify Limited is a live company located in glasgow, G12 8QQ with a Companies House number of SC645290. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in October 2019, it's largest shareholder is
leroy cronin
with a 37.3% stake. Chemify Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£8.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Chemify Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £8.6m, make it smaller than the average company (£21m)
£8.6m - Chemify Limited
£21m - Industry AVG
Growth
3 year (CAGR) sales growth of 5156%, show it is growing at a faster rate (8.1%)
5156% - Chemify Limited
8.1% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
29.5% - Chemify Limited
29.5% - Industry AVG
Profitability
an operating margin of -47.2% make it less profitable than the average company (5.9%)
-47.2% - Chemify Limited
5.9% - Industry AVG
Employees
with 38 employees, this is below the industry average (55)
38 - Chemify Limited
55 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has an equivalent pay structure (£54.6k)
£54.6k - Chemify Limited
£54.6k - Industry AVG
Efficiency
resulting in sales per employee of £225.3k, this is less efficient (£358.8k)
£225.3k - Chemify Limited
£358.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Chemify Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (37 days)
20 days - Chemify Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Chemify Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1556 weeks, this is more cash available to meet short term requirements (13 weeks)
1556 weeks - Chemify Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3%, this is a lower level of debt than the average (40%)
3% - Chemify Limited
40% - Industry AVG
CHEMIFY LIMITED financials
EXPORT
Chemify Limited's latest turnover from December 2023 is estimated at £8.6 million and the company has net assets of £21.9 million. According to their latest financial statements, Chemify Limited has 38 employees and maintains cash reserves of £20.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Turnover
8,561,966
59
Other Income Or Grants
Cost Of Sales
6,033,683
40
Gross Profit
2,528,282
19
Admin Expenses
6,572,831
1,859,335
48,440
9
Operating Profit
-4,044,549
-1,859,335
-48,440
10
Interest Payable
63
Interest Receivable
626,261
Pre-Tax Profit
-3,418,288
-1,859,398
-48,440
10
Tax
307,063
-2
Profit After Tax
-3,418,288
-1,552,335
-48,440
8
Dividends Paid
Retained Profit
-3,418,288
-1,552,335
-48,440
8
Employee Costs
2,073,060
765,998
48,126
47,962
Number Of Employees
38
15
1
1
EBITDA*
-3,816,565
-1,819,493
-48,440
10
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Tangible Assets
1,061,457
268,858
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,061,457
268,858
Stock & work in progress
173,865
Trade Debtors
8
Group Debtors
Misc Debtors
1,338,555
497,396
Cash
20,210,760
3,646,789
104,294
misc current assets
total current assets
21,549,315
4,318,050
104,294
8
total assets
22,610,772
4,586,908
104,294
8
Bank overdraft
Bank loan
Trade Creditors
341,026
37,185
6,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
334,296
283,608
46,726
total current liabilities
675,322
320,793
52,726
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
675,322
320,793
52,726
net assets
21,935,450
4,266,115
51,568
8
total shareholders funds
21,935,450
4,266,115
51,568
8
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Operating Activities
Operating Profit
-4,044,549
-1,859,335
-48,440
10
Depreciation
227,984
39,842
Amortisation
Tax
307,063
-2
Stock
-173,865
173,865
Debtors
841,159
497,396
-8
8
Creditors
303,841
31,185
6,000
Accruals and Deferred Income
50,688
236,882
46,726
Deferred Taxes & Provisions
Cash flow from operations
-4,129,330
-1,915,624
4,294
Investing Activities
capital expenditure
-1,020,583
-308,700
Change in Investments
cash flow from investments
-1,020,583
-308,700
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
21,087,623
5,766,882
100,000
interest
626,261
-63
cash flow from financing
21,713,884
5,766,819
100,000
cash and cash equivalents
cash
16,563,971
3,542,495
104,294
overdraft
change in cash
16,563,971
3,542,495
104,294
chemify limited 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 chemify limited. Get real-time insights into chemify limited's credit score, group structure and payment trends.
Perform a competitor analysis for chemify limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in G12 area or any other competitors across 12 key performance metrics.
chemify limited Ownership
CHEMIFY LIMITED group structure
Chemify Limited has no subsidiary companies.
Ultimate parent company
CHEMIFY LIMITED
SC645290
CHEMIFY LIMITED Shareholders
The largest shareholders in Chemify Limited include Leroy Cronin and Triatomic.
leroy cronin
37.26%
triatomic
12.8%
blueyard
9.22%
debussy international ltd
6.4%
g u holdings limited
5.84%
david cleevely
5.57%
blueyard capital 2 gmbh co
3.84%
rocketship vc combo fund iii llc
3.84%
dcvc v alpha llc
3.22%
ff pathfinder vii llc
2.15%
chemify limited directors
Chemify Limited currently has 4 directors.
The longest serving directors include
Professor Leroy Cronin (Oct 2019) and
Dr David Cleevely (Jul 2021).
20590 - Manufacture of other chemical products n.e.c.
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
COOPER PARRY GROUP LIMITED
auditor
-
address
school of chemistry, university of glasgow, glasgow, G12 8QQ
Bank
-
Legal Advisor
-
chemify 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 chemify limited.
chemify 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.
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chemify limitedCompanies House Filings - See Documents
