ascertus limited
ascertus limited Company Information
Company Number
08893788
Website
www.ascertus.comRegistered Address
c/o naylor accountancy services, pine grove enterprise centre, crowborough, east sussex, TN6 1DH
Industry
Business and domestic software development
Telephone
442031264960
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
royston mark russell 45%
jonathan wainwright 23.4%
View Allascertus limited Estimated Valuation
Pomanda estimates the enterprise value of ASCERTUS LIMITED at £13.1m based on a Turnover of £13m and 1.01x industry multiple (adjusted for size and gross margin).
ascertus limited Estimated Valuation
Pomanda estimates the enterprise value of ASCERTUS LIMITED at £1.8m based on an EBITDA of £250.5k and a 7.06x industry multiple (adjusted for size and gross margin).
ascertus limited Estimated Valuation
Pomanda estimates the enterprise value of ASCERTUS LIMITED at £1.5m based on Net Assets of £647.7k and 2.26x industry multiple (adjusted for liquidity).
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Ascertus Limited Overview
Ascertus Limited is a live company located in crowborough, TN6 1DH with a Companies House number of 08893788. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2014, it's largest shareholder is royston mark russell with a 45% stake. Ascertus Limited is a established, mid sized company, Pomanda has estimated its turnover at £13m with high growth in recent years.
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Ascertus Limited Health Check
Pomanda's financial health check has awarded Ascertus Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £13m, make it larger than the average company (£2.9m)
- Ascertus Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.2%)
- Ascertus Limited
8.2% - Industry AVG
Production
with a gross margin of 71.7%, this company has a comparable cost of product (71.7%)
- Ascertus Limited
71.7% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (4%)
- Ascertus Limited
4% - Industry AVG
Employees
with 48 employees, this is above the industry average (27)
48 - Ascertus Limited
27 - Industry AVG
Pay Structure
on an average salary of £64.9k, the company has an equivalent pay structure (£64.9k)
- Ascertus Limited
£64.9k - Industry AVG
Efficiency
resulting in sales per employee of £271.2k, this is more efficient (£109.9k)
- Ascertus Limited
£109.9k - Industry AVG
Debtor Days
it gets paid by customers after 101 days, this is later than average (64 days)
- Ascertus Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (45 days)
- Ascertus Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (15 days)
- Ascertus Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (19 weeks)
5 weeks - Ascertus Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.4%, this is a higher level of debt than the average (61%)
86.4% - Ascertus Limited
61% - Industry AVG
ascertus limited Credit Report and Business Information
Ascertus Limited Competitor Analysis
Perform a competitor analysis for ascertus limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ascertus limited Ownership
ASCERTUS LIMITED group structure
Ascertus Limited has no subsidiary companies.
Ultimate parent company
ASCERTUS LIMITED
08893788
ascertus limited directors
Ascertus Limited currently has 3 directors. The longest serving directors include Mr Royston Russell (Feb 2014) and Mr Jonathan Wainwright (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Royston Russell | England | 61 years | Feb 2014 | - | Director |
| Mr Jonathan Wainwright | England | 58 years | Feb 2014 | - | Director |
| Mr Damian Jeal | United Kingdom | 46 years | Jan 2024 | - | Director |
ASCERTUS LIMITED financials
Ascertus Limited's latest turnover from March 2023 is estimated at £13 million and the company has net assets of £647.7 thousand. According to their latest financial statements, Ascertus Limited has 48 employees and maintains cash reserves of £464.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 48 | 43 | 42 | 43 | 34 | 23 | 20 | 14 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 51,365 | 44,224 | 36,955 | 30,733 | 25,103 | 12,189 | 6,041 | 3,675 | 2,123 |
| Intangible Assets | 15,144 | 30,288 | 45,432 | 60,576 | 75,720 | 90,864 | 106,008 | 121,152 | 136,296 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 671 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 66,509 | 74,512 | 82,387 | 91,980 | 100,823 | 103,053 | 112,049 | 124,827 | 138,419 |
| Stock & work in progress | 92,253 | 82,547 | 40,312 | 28,502 | 290,387 | 58,000 | 6,780 | 21,200 | 38,000 |
| Trade Debtors | 3,634,877 | 1,383,163 | 1,909,497 | 1,581,154 | 2,266,580 | 1,542,618 | 465,507 | 531,589 | 271,372 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 515,228 | 378,561 | 305,688 | 11,461 | 10,601 | 0 | 385,223 | 251,496 | 0 |
| Cash | 464,232 | 728,200 | 608,111 | 357,289 | 442,950 | 94,388 | 173,983 | 120,206 | 84,828 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,706,590 | 2,572,471 | 2,863,608 | 1,978,406 | 3,010,518 | 1,695,006 | 1,031,493 | 924,491 | 394,200 |
| total assets | 4,773,099 | 2,646,983 | 2,945,995 | 2,070,386 | 3,111,341 | 1,798,059 | 1,143,542 | 1,049,318 | 532,619 |
| Bank overdraft | 0 | 0 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,272,449 | 650,855 | 1,167,332 | 2,195,781 | 3,005,260 | 1,691,844 | 350,792 | 339,181 | 399,842 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,852,985 | 1,545,774 | 1,757,300 | 0 | 0 | 0 | 601,146 | 490,936 | 0 |
| total current liabilities | 4,125,434 | 2,196,629 | 2,932,965 | 2,195,781 | 3,005,260 | 1,691,844 | 951,938 | 830,117 | 399,842 |
| loans | 0 | 0 | 41,667 | 0 | 0 | 0 | 173,184 | 206,400 | 117,400 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 9,872 | 47,243 | 71,324 | 0 | 0 | 13,781 |
| provisions | 0 | 0 | 0 | 0 | 1,694 | 2,316 | 1,148 | 0 | 0 |
| total long term liabilities | 0 | 0 | 41,667 | 9,872 | 48,937 | 73,640 | 174,332 | 206,400 | 131,181 |
| total liabilities | 4,125,434 | 2,196,629 | 2,974,632 | 2,205,653 | 3,054,197 | 1,765,484 | 1,126,270 | 1,036,517 | 531,023 |
| net assets | 647,665 | 450,354 | -28,637 | -135,267 | 57,144 | 32,575 | 17,272 | 12,801 | 1,596 |
| total shareholders funds | 647,665 | 450,354 | -28,637 | -135,267 | 57,144 | 32,575 | 17,272 | 12,801 | 1,596 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 17,140 | 13,005 | 11,620 | 7,768 | 7,483 | 3,918 | 1,847 | 926 | 683 |
| Amortisation | 15,144 | 15,144 | 15,144 | 15,144 | 15,144 | 15,144 | 15,144 | 15,144 | 15,144 |
| Tax | |||||||||
| Stock | 9,706 | 42,235 | 11,810 | -261,885 | 232,387 | 51,220 | -14,420 | -16,800 | 38,000 |
| Debtors | 2,388,381 | -453,461 | 621,899 | -683,895 | 734,563 | 691,888 | 67,645 | 511,713 | 271,372 |
| Creditors | 621,594 | -516,477 | -1,028,449 | -809,479 | 1,313,416 | 1,341,052 | 11,611 | -60,661 | 399,842 |
| Accruals and Deferred Income | 1,307,211 | -211,526 | 1,757,300 | 0 | 0 | -601,146 | 110,210 | 490,936 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -1,694 | -622 | 1,168 | 1,148 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -41,667 | 41,667 | 0 | 0 | -173,184 | -33,216 | 89,000 | 117,400 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -9,872 | -37,371 | -24,081 | 71,324 | 0 | -13,781 | 13,781 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -263,968 | 120,089 | 250,822 | -85,661 | 348,562 | -79,595 | 53,777 | 35,378 | 84,828 |
| overdraft | 0 | -8,333 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -263,968 | 128,422 | 242,489 | -85,661 | 348,562 | -79,595 | 53,777 | 35,378 | 84,828 |
P&L
March 2023turnover
13m
+118%
operating profit
218.3k
0%
gross margin
71.7%
-3.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
647.7k
+0.44%
total assets
4.8m
+0.8%
cash
464.2k
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
ascertus limited company details
company number
08893788
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
February 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o naylor accountancy services, pine grove enterprise centre, crowborough, east sussex, TN6 1DH
last accounts submitted
March 2023
ascertus 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 ascertus limited.
ascertus limited Companies House Filings - See Documents
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