Ibcos Computers Ltd

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ibcos computers ltd Company Information

Live

MatureMidHealthy

Company Number

01444873

Next Accounts

95 days late

Industry

Computer consultancy activities

Directors

Daniel Zinman

Vipin Khullar

Shareholders

ibcos holdings ltd

Group Structure

View All

Contact

Registered Address

abacus house, acorn business park, tower park,poole, dorset, BH12 4NZ

Website

www.ibcos.co.uk

ibcos computers ltd Estimated Valuation

£28.8m

Pomanda estimates the enterprise value of IBCOS COMPUTERS LTD at £28.8m based on an EBITDA of £3.9m and a 7.39x industry multiple (adjusted for size and gross margin).

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Ibcos Computers Ltd is a live company located in tower park,poole, BH12 4NZ with a Companies House number of 01444873. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 1979, it's largest shareholder is ibcos holdings ltd with a 100% stake. Ibcos Computers Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £9.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ibcos Computers Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £9.9m, make it larger than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.8%)

EXPORT

Ibcos Computers Ltd's latest turnover from December 2022 is £9.9 million and the company has net assets of £11.5 million. According to their latest financial statements, Ibcos Computers Ltd has 80 employees and maintains cash reserves of £428 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Mar 2012	Mar 2011	Mar 2010
Turnover	9,868,156	9,368,633	8,048,363	7,205,068	6,495,682	6,365,609	5,983,384	5,880,402	5,674,283	5,230,071	3,713,514	9,003,093	9,512,604	9,200,908
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,563,982	3,220,932	2,857,562	2,990,962	2,802,077	3,031,105	3,120,604	3,110,518	3,258,478	2,751,797	1,902,716	3,339,320	3,599,515	3,396,000
Gross Profit	6,304,174	6,147,701	5,190,801	4,214,106	3,693,605	3,334,504	2,862,780	2,769,884	2,415,805	2,478,274	1,810,798	5,663,773	5,913,088	5,804,908
Admin Expenses	2,502,131	2,446,106	2,407,557	2,128,146	1,578,091	1,241,188	1,239,373	1,260,417	916,739	1,123,449	684,134	4,438,676	5,802,058	4,564,236
Operating Profit	3,802,043	3,701,595	2,783,244	2,085,960	2,115,514	2,093,316	1,623,407	1,509,467	1,499,066	1,354,825	1,126,664	1,225,097	111,030	1,240,672
Interest Payable	0	0	0	0	0	0	0	0	0	1,226	1,112	0	0	0
Interest Receivable	0	0	0	660	1,554	365	531	588	295	447	2,405	8,305	6,283	2,804
Pre-Tax Profit	3,802,043	4,319,891	2,783,244	2,086,620	2,117,068	2,093,981	1,623,938	1,510,055	1,499,361	1,355,272	1,129,069	1,233,401	117,313	1,243,476
Tax	-461,651	-584,922	-490,040	-366,197	-252,157	-330,865	-270,628	-306,671	-317,163	-318,138	-267,250	-320,684	-32,847	-348,173
Profit After Tax	3,340,392	3,734,969	2,293,204	1,720,423	1,864,911	1,763,116	1,353,310	1,203,384	1,182,198	1,037,134	861,819	912,717	84,465	895,303
Dividends Paid	0	0	1,100,000	3,600,000	6,000,000	0	0	0	0	0	2,541,165	0	0	0
Retained Profit	3,340,392	3,734,969	1,193,204	-1,879,577	-4,135,089	1,763,116	1,353,310	1,203,384	1,182,198	1,037,134	-1,679,346	912,717	84,465	895,303
Employee Costs	3,783,547	3,710,626	3,390,995	3,174,922	2,641,102	2,498,355	2,508,258	2,503,881	2,375,272	2,053,284	1,360,958	3,667,893	3,955,040	3,990,341
Number Of Employees	80	71	75	66	56	51	52	51	47	39	28	68	76	75
EBITDA*	3,896,321	3,823,589	2,921,154	2,234,696	2,147,996	2,121,893	1,651,380	1,533,610	1,539,284	1,399,071	1,161,714	1,286,046	167,936	1,301,680

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	93,867	161,165	328,782	420,455	76,046	75,004	89,807	31,028	56,054	83,535	95,767	99,776	120,530	140,150
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	8,955,409	8,955,409	7,719,015	2,881,909	2,881,909	1,200,341	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	214,231	222,778	159,952	152,501	120,848	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,263,507	9,339,352	8,207,749	3,454,865	3,078,803	1,275,345	89,807	31,028	56,054	83,535	95,767	99,776	120,530	140,150
Stock & work in progress	89,431	41,399	109,710	57,794	75,005	91,240	93,222	84,293	55,297	63,086	95,376	108,441	92,937	113,438
Trade Debtors	2,553,604	2,352,976	897,473	1,045,554	897,751	727,604	286,500	321,026	2,136,097	1,666,593	1,321,424	1,411,599	1,443,222	1,412,242
Group Debtors	13,870,806	13,149,171	8,749,769	4,982,565	3,096,132	8,656,921	6,831,726	5,458,958	2,296,143	757,913	621,793	0	0	0
Misc Debtors	700,514	782,725	572,889	429,515	384,747	240,855	223,991	226,468	78,602	92,836	177,196	0	0	0
Cash	428,034	475,842	274,904	583,902	853,249	841,047	810,154	257,649	282,895	465,846	174,920	1,930,520	1,391,332	1,121,725
misc current assets	0	0	0	0	0	450,642	0	0	0	0	0	0	0	0
total current assets	17,642,389	16,802,113	10,604,745	7,099,330	5,306,884	11,008,309	8,245,593	6,348,394	4,849,034	3,046,274	2,390,709	3,450,560	2,927,491	2,647,405
total assets	26,905,896	26,141,465	18,812,494	10,554,195	8,385,687	12,283,654	8,335,400	6,379,422	4,905,088	3,129,809	2,486,476	3,550,336	3,048,021	2,787,555
Bank overdraft	4,975	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	200,818	172,681	205,596	182,800	123,232	127,982	123,947	141,772	164,632	133,160	116,345	1,652,851	2,063,253	1,887,252
Group/Directors Accounts	10,947,520	8,479,250	6,223,959	4,032,669	757,990	898,509	0	0	0	0	613,624	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	72,253	84,816	110,057	107,321	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,417,801	3,456,735	4,390,851	3,565,235	3,284,325	3,299,542	3,217,288	2,596,795	2,302,985	1,741,376	1,538,368	0	0	0
total current liabilities	14,643,367	12,193,482	10,930,463	7,888,025	4,165,547	4,326,033	3,341,235	2,738,567	2,467,617	1,874,536	2,268,337	1,652,851	2,063,253	1,887,252
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	58,333	166,413	212,792	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	786,546	752,296	556,285	510,423	397,608	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	23,446	25,209	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	809,992	835,838	722,698	723,215	397,608	0	0	0	0	0	0	0	0	0
total liabilities	15,453,359	13,029,320	11,653,161	8,611,240	4,563,155	4,326,033	3,341,235	2,738,567	2,467,617	1,874,536	2,268,337	1,652,851	2,063,253	1,887,252
net assets	11,452,537	13,112,145	7,159,333	1,942,955	3,822,532	7,957,621	4,994,165	3,640,855	2,437,471	1,255,273	218,139	1,897,485	984,768	900,303
total shareholders funds	11,452,537	13,112,145	7,159,333	1,942,955	3,822,532	7,957,621	4,994,165	3,640,855	2,437,471	1,255,273	218,139	1,897,485	984,768	900,303

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	3,802,043	3,701,595	2,783,244	2,085,960	2,115,514	2,093,316	1,623,407	1,509,467	1,499,066	1,354,825	1,126,664	1,225,097	111,030	1,240,672
Depreciation	94,278	121,994	137,910	148,736	32,482	28,577	27,973	24,143	40,218	44,246	35,050	60,949	56,906	61,008
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-461,651	-584,922	-490,040	-366,197	-252,157	-330,865	-270,628	-306,671	-317,163	-318,138	-267,250	-320,684	-32,847	-348,173
Stock	48,032	-68,311	51,916	-17,211	-16,235	-1,982	8,929	28,996	-7,789	-32,290	2,439	15,504	-20,501	113,438
Debtors	831,505	6,127,567	3,769,948	2,110,657	-5,125,902	2,283,163	1,335,765	1,495,610	1,993,500	396,929	677,191	-31,623	30,980	1,412,242
Creditors	28,137	-32,915	22,796	59,568	-4,750	4,035	-17,825	-22,860	31,472	16,815	-1,946,908	-410,402	176,001	1,887,252
Accruals and Deferred Income	-4,684	-738,105	871,478	393,725	382,391	82,254	620,493	293,810	561,609	203,008	1,538,368	0	0	0
Deferred Taxes & Provisions	-1,763	25,209	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,576,823	-3,566,400	-496,476	228,346	7,415,617	-403,864	638,726	-26,717	-170,509	936,117	-193,706	571,079	300,611	1,315,079
Investing Activities
capital expenditure	-26,980	45,623	-46,237	-493,145	-33,524	-13,774	-86,752	883	-12,737	-32,014	-10,287	-40,195	-37,286	-201,158
Change in Investments	0	1,236,394	4,837,106	0	1,681,568	1,200,341	0	0	0	0	0	0	0	0
cash flow from investments	-26,980	-1,190,771	-4,883,343	-493,145	-1,715,092	-1,214,115	-86,752	883	-12,737	-32,014	-10,287	-40,195	-37,286	-201,158
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,468,270	2,255,291	2,191,290	3,274,679	-140,519	898,509	0	0	0	-613,624	613,624	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-70,896	-133,321	-43,643	320,113	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-5,000,000	2,217,843	4,023,174	0	0	1,200,340	0	0	0	0	912,717	0	0	5,000
interest	0	0	0	660	1,554	365	531	588	295	-779	1,293	8,305	6,283	2,804
cash flow from financing	-2,602,626	4,339,813	6,170,821	3,595,452	-138,965	2,099,214	531	588	295	-614,403	1,527,634	8,305	6,283	7,804
cash and cash equivalents
cash	-47,808	200,938	-308,998	-269,347	12,202	30,893	552,505	-25,246	-182,951	290,926	-1,216,412	539,188	269,607	1,121,725
overdraft	4,975	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-52,783	200,938	-308,998	-269,347	12,202	30,893	552,505	-25,246	-182,951	290,926	-1,216,412	539,188	269,607	1,121,725

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IBCOS COMPUTERS LTD group structure

Ibcos Computers Ltd has 4 subsidiary companies.

Ultimate parent company

CONSTELLATION SOFTWARE INC

#0057346

IBCOS HOLDINGS LIMITED

01984987

2 parents

IBCOS COMPUTERS LTD

01444873

4 subsidiaries

MEDIQAL HEALTH INFORMATICS LIMITED

05977604

CATALYST COMPUTER SYSTEMS LIMITED

02382593

CLINICAL COMPUTING UK LIMITED

03017628

SELECTAPENSION (2013) LIMITED

08607953

IBCOS COMPUTERS LTD Shareholders

ibcos holdings ltd

100%

Ibcos Computers Ltd currently has 2 directors. The longest serving directors include Mr Daniel Zinman (Mar 2023) and Mr Vipin Khullar (Mar 2023).

officer	country	age	start	end	role
Mr Daniel Zinman	England	51 years	Mar 2023	-	Director
Mr Vipin Khullar	England	39 years	Mar 2023	-	Director

P&L

December 2022

turnover

9.9m

+5%

operating profit

3.8m

+3%

gross margin

63.9%

-2.65%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

11.5m

-0.13%

total assets

26.9m

+0.03%

cash

428k

-0.1%

net assets

Total assets minus all liabilities

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company number

01444873

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

August 1979

ultimate parent company

CONSTELLATION SOFTWARE INC

previous names

msl computers limited (April 1988)

incomputer (msl) limited (February 1984)

address

abacus house, acorn business park, tower park,poole, dorset, BH12 4NZ

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 6 charges/mortgages relating to ibcos computers ltd. Currently there are 1 open charges and 5 have been satisfied in the past.

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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ibcos computers ltd Company Information

ibcos computers ltd Estimated Valuation

ibcos computers ltd Estimated Valuation

ibcos computers ltd Estimated Valuation

Ibcos Computers Ltd Overview

Ibcos Computers Ltd Health Check

IBCOS COMPUTERS LTD financials

ibcos computers ltd Credit Report and Business Information

Ibcos Computers Ltd Competitor Analysis

ibcos computers ltd Ownership

ibcos computers ltd directors

ibcos computers ltd company details

ibcos computers ltd Charges & Mortgages

ibcos computers ltd Capital Raised & Share Issues BETA

ibcos computers ltd Companies House Filings - See Documents