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Iwoca ltd
Registration Number
07798925Incorporation Date
05/10/2011Last Annual Return
Not availableAddress
10 Queen Street Place, London, London. EC4R 1AG
Website
www.iwoca.co.ukAudit Fees
£393,000Secretary
Not available
Directors
Active
Mr Timothy Levene (51 yrs)
Active
Mr Jonathan Mark Schneider (54 yrs)
Active
Mr Monish Suri (58 yrs)
Active
Mr Christoph Rieche (45 yrs)
Active
Mr Frank Seehaus (59 yrs)
Active
Mr James David Charles Dear (44 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 56822 | 68468 | 78260 | 142584 | 166023 |
| Directors Fees | 468 | 758 | 554 | 761 | 761 |
| Gross Profits | 38370 | 68663 | 64314 | 114933 | 133826 |
| Value Added | 30778 | 56226 | 47986 | 89936 | 91678 |
| Trading Profit | 11627 | 37446 | 27454 | 67261 | 67676 |
| Depreciation | 387 | 189 | 144 | 128 | |
| Non-Trading Income | 0 | 0 | 0 | 239 | 0 |
| Total Interest Charges | 14480 | 41376 | 38290 | 45588 | 41029 |
| Pre-tax Profit | -3240 | -4119 | -10980 | 21784 | 26532 |
| Retained Profit (Shareholders Funds) | 1732 | -4204 | -7623 | 22020 | 13070 |
| Fixed Assets | 318 | 177 | 247 | 190 | 181 |
| Intangibles | 0 | 0 | 2779 | 4287 | 4073 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 253278 | 264222 | 393640 | 516004 | 510703 |
| Cash or Equivalent | 80671 | 219584 | 43879 | 62746 | 15686.5 |
| Total Current Assets | 333949 | 483806 | 437519 | 578750 | 526390 |
| Creditors | 2107 | 1575 | 1091 | 1636 | 2191 |
| Short Term Borrowing | 45311 | 122295 | 75207 | 60032 | 0 |
| Other Current Liabilities | 7155 | 6324 | 4038 | 7022 | 7022 |
| Total Current Liabilities | 54573 | 130194 | 80336 | 68690 | 9213 |
| Net Current Assets | 279376 | 353612 | 357183 | 510060 | 517177 |
| Shareholders Funds | 44783 | 40579 | 32956 | 54976 | 68046 |
| Total Loan Capital | 234911 | 313210 | 327253 | 459544 | 453367.5 |
| Other Capital Employed | 0 | 0 | 0 | 17 | 17 |
| Total Capital Employed | 279694 | 353789 | 360209 | 514537 | 521431 |
| Pretax Profit Margin % | -5.7 | -6.02 | -14.03 | 15.28 | 15.98 |
| Sales Growth % | -17 | 20 | 14 | 82 | 16 |
| Pretax Profit Growth % | -127 | -27 | -167 | 298 | 22.00 |
| Debtor Ratio Days | 1622 | 1405 | 1831 | 1317 | 1119.70233406273 |
| Creditor Ratio Days | 13 | 8 | 5 | 4 | 4.8029905178702 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 180 | 246 | 221 | 386 | 425.047154471545 |
| Value Added £000/Empl. | 98 | 202 | 136 | 244 | 234.711681509648 |
| Av. Remun. £000 / Empl. | 61 | 68 | 58 | 61 | 61.449864498645 |
| Total Empl. Remu. £000 | 19151 | 18780 | 20532 | 22675 | 24002.2168529145 |
| Employees | 315 | 278 | 354 | 369 | 390.598369072787 |
| Pretax Profit/Total Assets % | -1 | -1 | -2 | 4 | 5 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 82.2% in the latest year, well above the industry average of 6.8%.
- The company lies an excellent 3rd in terms of Total Sales in this industry.
- The company lies an excellent 2nd in terms of Pretax Profits in this industry. Up 39 places from last year.
- Sales per Employee is £386,000 which is well above the industry average of £209,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 15.3% in the latest year, well above the industry average of 3.3%.
- The company would have made a significantly higher profit but for interest payments of £45.6m.
- The formal debt of the company is high, representing 364% of Total Sales.
- Formal debt of the company has increased by £117.1m, a rise of 29%.
- The company is among the Top 4 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 6 in terms of Trading Profits.
Company Summary
The company currently has £143m sales and made £21.8m, by following the proposal plan, sales would rise to £166m and profits would rise to £26.5m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £143m TO SALES
- HIGH INTEREST PAYMENTS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 56822 | 68468 | 78260 | 142584 | 166023 |
| Pre-tax Profit (£000) | -3240 | -4119 | -10980 | 21784 | 26532 |
| Total Value (£000) | 312136 | 454474 | 535986 | 859951 | 856567 |
| Asset Value (£000) | 253596 | 264399 | 396666 | 520481 | 514957 |
| Goodwill (£000) | 58540 | 190075 | 139320 | 339470 | 341610 |
| Liabilities (£000) | -208813 | -223820 | -363710 | -465505 | -446911 |
| Equity Value (£000) | 103323 | 230654 | 172276 | 394446 | 409656 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR JAMES DAVID CHARLES DEAR (13.3%)
MR CHRISTOPH RIECHE (13.2%)
PRIME IV HOLDING 10 B.V. (12.2%)
REDLINE CAPITAL MANAGEMENT (11.1%)
Immediate Shareholder: See Shareholders
Subsidiaries
IWOCA CAPITAL MARKETS LTD
IWOCA DEUTSCHLAND GMBH
IWOCA MANAGEMENT S.R.L.
IWOCA OXYGEN PLC
IWOCA OZONE LTD
IWOCA SKYE FINANCE LTD
Acquisition / Valuation Comments
This company has been established 14 years.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £860.0m including debts.
The equity value, after deducting debts is £394m.
The proposed year is based on achieving a 5% return on total assets.
The proposed plan would improve the overall financial strength of the company by 18%.
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