Avid Technology Limited in Gateshead, NE11 0QA

Description

Data updated on: 01-11-2023

Registered with number 04978723 21 years ago, Avid Technology Limited is a Private Limited Company. The present registration address is Turntide Drives Eighth Avenue, Team Valley Trading Estate Gateshead. The firm debuted under the business name Comesys Europe, but for the last fourteen years has operated under the business name Avid Technology Limited. The company's Standard Industrial Classification Code is 30990, that means Manufacture of other transport equipment n.e.c.. Avid Technology Ltd filed its account information for the financial period up to 2021-12-31. The most recent annual confirmation statement was released on 2022-11-30.

Having four job advert since 2015-07-09, the company has been quite active on the employment market. On 2017-03-15, it was searching for job candidates for a full time Project Administrator position in Cramlington, and on 2015-07-09, for the vacant position of a full time Production Operative in Cramlington. They seek applicants on such posts as: Embedded Software Engineer and Receptionist.

Council Middlesbrough Council can be found among the counter parties that cooperate with the company. In 2011, this cooperation amounted to at least 1,365 pounds of revenue. Cooperation with the Middlesbrough Council council covered the following areas: Computer Equipment Materials & Supplies.

As for this specific limited company, a number of director's tasks have so far been done by Mark C. and Michael K.. Within the group of these two people, Michael K. has been with the limited company for the longest time, having been a part of officers' team since June 2021.

Previous company's names
Avid Technology Limited 2010-12-29
Comesys Europe Limited 2003-11-28

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-01-31	2014-01-31	2015-01-31	2020-06-30	2021-06-25	2021-12-31	2022-12-31
Currency
Net Worth	-161 304	-61 400	-673 904

Balance Sheet
Cash Bank On Hand				534 941	20 313	234 224	224 292
Current Assets	262 692	544 597	819 228	3 814 343	2 245 729	3 412 000	3 481 162
Debtors	222 834	319 971	358 953	2 723 603	1 754 396	1 893 611	1 852 896
Net Assets Liabilities				-8 950 777	825 272	-381 433	-4 092 702
Other Debtors				333 395	227 404	446 985	373 006
Property Plant Equipment				1 194 338	1 311 471	1 226 073	1 216 083
Total Inventories				555 799	471 020	1 284 165
Cash Bank In Hand	19 250	136 725	80 354
Intangible Fixed Assets	106 008	384 628	444 425
Net Assets Liabilities Including Pension Asset Liability	-161 304	-61 400	-673 904
Stocks Inventory	20 608	59 953	379 921
Tangible Fixed Assets	56 618	71 673	184 996

Capital & Reserves
Called Up Share Capital	398 212	398 212	398 212
Profit Loss Account Reserve	-559 516	-459 612	-1 072 116
Shareholder Funds	-161 304	-61 400	-673 904

Other Financial Data
Accrued Liabilities				667 187	841 027
Accumulated Amortisation Impairment Intangible Assets				15 429	24 853	30 154	41 985
Accumulated Depreciation Impairment Property Plant Equipment				1 811 174	2 141 992	2 261 133	2 044 933
Additions Other Than Through Business Combinations Intangible Assets					12 442	5 594	14 105
Additions Other Than Through Business Combinations Property Plant Equipment					447 951	33 743	195 617
Amounts Owed By Related Parties							141 031
Amounts Owed To Group Undertakings						3 666 008	7 514 867
Average Number Employees During Period				98	96	70	56
Bank Borrowings Overdrafts					46 667	41 667	31 667
Bank Overdrafts					61 304
Corporation Tax Recoverable					585 391	756 670	227 600
Creditors				12 484 538	46 667	41 667	31 667
Finance Lease Liabilities Present Value Total				19 748	16 163
Financial Commitments Other Than Capital Commitments				411 432	288 325
Financial Liabilities				12 469 990
Fixed Assets	163 416	457 091	630 211	1 266 231	1 386 382	1 301 277	1 293 561
Future Minimum Lease Payments Under Non-cancellable Operating Leases						411 831	276 059
Increase From Amortisation Charge For Year Intangible Assets					9 424	5 301	11 831
Increase From Depreciation Charge For Year Property Plant Equipment					330 818	119 141	205 607
Intangible Assets				71 893	74 911	75 204	77 478
Intangible Assets Gross Cost				87 322	99 764	105 358	119 463
Net Current Assets Liabilities	-324 720	-502 318	-1 278 669	2 267 530	-514 443	-1 641 043	-5 354 596
Other Creditors				32 036	247 532	782 812	567 827
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment							421 807
Other Disposals Property Plant Equipment							421 807
Other Remaining Borrowings					46 667
Other Taxation Social Security Payable					789 159	98 989	69 961
Prepayments				825 253	319 968
Property Plant Equipment Gross Cost				3 005 512	3 453 463	3 487 206	3 261 016
Raw Materials Consumables				407 887	372 120
Taxation Social Security Payable				185 107	789 159
Total Assets Less Current Liabilities	-161 304	-45 227	-648 458	3 533 761	871 939	-339 766	-4 061 035
Total Borrowings				14 548	46 667
Trade Creditors Trade Payables				642 735	801 654	496 901	673 103
Trade Debtors Trade Receivables				588 054	621 633	689 956	1 111 259
Work In Progress				147 912	98 900
Creditors Due After One Year		16 173	25 446
Creditors Due Within One Year	587 412	1 046 915	2 254 645
Current Asset Investments		27 948
Instalment Debts Due After5 Years		16 173	25 445
Intangible Fixed Assets Additions		278 620	136 722
Intangible Fixed Assets Aggregate Amortisation Impairment			76 925
Intangible Fixed Assets Amortisation Charged In Period			76 925
Intangible Fixed Assets Cost Or Valuation	106 008	384 628	521 350
Investments Fixed Assets	790	790	790
Number Shares Allotted		37 623 130	37 623 130
Other Debtors Due After One Year	222 834	407 872
Par Value Share		0	0
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal		87 639	156 748
Secured Debts	587 412	1 046 915	2 254 645
Share Capital Allotted Called Up Paid	376 231	376 231	376 231
Tangible Fixed Assets Additions		34 654	172 154
Tangible Fixed Assets Cost Or Valuation	175 505	210 160	328 012
Tangible Fixed Assets Depreciation	118 887	138 486	143 016
Tangible Fixed Assets Depreciation Charged In Period		19 599	34 918
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			30 389
Tangible Fixed Assets Disposals			54 302