ofttech limited
ofttech limited Company Information
Company Number
01708431
Next Accounts
Dec 2024
Industry
Engineering related scientific and technical consulting activities
Engineering design activities for industrial process and production
Shareholders
lia molyneaux
Group Structure
View All
Contact
Registered Address
16 blatchington road, hove, BN3 3YN
Website
www.ofttech.co.ukofttech limited Estimated Valuation
Pomanda estimates the enterprise value of OFTTECH LIMITED at £110.8k based on a Turnover of £197k and 0.56x industry multiple (adjusted for size and gross margin).
ofttech limited Estimated Valuation
Pomanda estimates the enterprise value of OFTTECH LIMITED at £0 based on an EBITDA of £-30.1k and a 4.68x industry multiple (adjusted for size and gross margin).
ofttech limited Estimated Valuation
Pomanda estimates the enterprise value of OFTTECH LIMITED at £0 based on Net Assets of £-137k and 2.67x industry multiple (adjusted for liquidity).
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Ofttech Limited Overview
Ofttech Limited is a dissolved company that was located in hove, BN3 3YN with a Companies House number of 01708431. It operated in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in March 1983, it's largest shareholder was lia molyneaux with a 100% stake. The last turnover for Ofttech Limited was estimated at £197k.
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Ofttech Limited Health Check
Pomanda's financial health check has awarded Ofttech Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £197k, make it smaller than the average company (£638.7k)
- Ofttech Limited
£638.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (1.9%)
- Ofttech Limited
1.9% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Ofttech Limited
33.2% - Industry AVG
Profitability
an operating margin of -15.3% make it less profitable than the average company (6.5%)
- Ofttech Limited
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (11)
2 - Ofttech Limited
11 - Industry AVG
Pay Structure
on an average salary of £50.3k, the company has an equivalent pay structure (£50.3k)
- Ofttech Limited
£50.3k - Industry AVG
Efficiency
resulting in sales per employee of £98.5k, this is equally as efficient (£98.5k)
- Ofttech Limited
£98.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ofttech Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Ofttech Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ofttech Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)
7 weeks - Ofttech Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 638.8%, this is a higher level of debt than the average (55.2%)
638.8% - Ofttech Limited
55.2% - Industry AVG
OFTTECH LIMITED financials
Ofttech Limited's latest turnover from September 2022 is estimated at £197 thousand and the company has net assets of -£137 thousand. According to their latest financial statements, Ofttech Limited has 2 employees and maintains cash reserves of £24.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 159,297 | 83,746 | |||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||
| Cost Of Sales | 119,794 | 74,182 | |||||||||||
| Gross Profit | 39,503 | 9,564 | |||||||||||
| Admin Expenses | 21,687 | 17,486 | |||||||||||
| Operating Profit | 17,816 | -7,922 | |||||||||||
| Interest Payable | 0 | 0 | |||||||||||
| Interest Receivable | 603 | 383 | |||||||||||
| Pre-Tax Profit | 17,816 | -7,922 | |||||||||||
| Tax | -2,135 | 1,220 | |||||||||||
| Profit After Tax | 15,681 | -6,702 | |||||||||||
| Dividends Paid | 0 | 0 | |||||||||||
| Retained Profit | 15,681 | -6,702 | |||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 2 | 2 | 2 | ||||||||||
| EBITDA* | 18,594 | -7,183 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 216 | 78,691 | 78,802 | 78,948 | 79,143 | 1,042 | 1,390 | 1,560 | 1,397 | 1,863 | 2,334 | 2,219 | 2,857 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 216 | 78,691 | 78,802 | 78,948 | 79,143 | 1,042 | 1,390 | 1,560 | 1,397 | 1,863 | 2,334 | 2,219 | 2,857 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 129,218 | 169,620 | 235,139 | 25,365 | 67,764 | 44,794 | 13,464 | 7,515 | 6,641 | 10,710 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 272 | 8 | 0 | 0 | 0 | 0 | 597 | 597 | 2,597 | 0 | 4,151 | 0 | 0 |
| Cash | 24,947 | 88,011 | 55,021 | 0 | 0 | 0 | 10,727 | 3,243 | 2,623 | 34,855 | 32,978 | 4,835 | 325 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,219 | 88,019 | 55,021 | 129,218 | 169,620 | 235,139 | 36,689 | 71,604 | 50,014 | 48,319 | 44,644 | 11,476 | 11,035 |
| total assets | 25,435 | 166,710 | 133,823 | 208,166 | 248,763 | 236,181 | 38,079 | 73,164 | 51,411 | 50,182 | 46,978 | 13,695 | 13,892 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 124,561 | 286,773 | 294,711 | 278,768 | 63,793 | 62,733 | 67,203 | 38,633 | 0 | 0 | 4,333 |
| Group/Directors Accounts | 460 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 162,015 | 274,780 | 117,713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,139 | 11,003 | 0 |
| total current liabilities | 162,475 | 274,780 | 242,274 | 286,773 | 294,711 | 278,768 | 63,793 | 62,733 | 67,203 | 38,633 | 28,139 | 11,003 | 4,333 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123 | 0 | 373 | 466 | 0 | 165 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123 | 0 | 373 | 466 | 0 | 165 |
| total liabilities | 162,475 | 274,780 | 242,274 | 286,773 | 294,711 | 278,768 | 63,793 | 62,856 | 67,203 | 39,006 | 28,605 | 11,003 | 4,498 |
| net assets | -137,040 | -108,070 | -108,451 | -78,607 | -45,948 | -42,587 | -25,714 | 10,308 | -15,792 | 11,176 | 18,373 | 2,692 | 9,394 |
| total shareholders funds | -137,040 | -108,070 | -108,451 | -78,607 | -45,948 | -42,587 | -25,714 | 10,308 | -15,792 | 11,176 | 18,373 | 2,692 | 9,394 |
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 17,816 | -7,922 | |||||||||||
| Depreciation | 114 | 111 | 146 | 463 | 520 | 466 | 621 | 778 | 739 | 953 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -2,135 | 1,220 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 264 | 8 | -129,218 | -40,402 | -65,519 | 209,177 | -42,399 | 20,970 | 33,927 | 1,798 | 5,025 | -4,069 | 10,710 |
| Creditors | 0 | -124,561 | -162,212 | -7,938 | 15,943 | 214,975 | 1,060 | -4,470 | 28,570 | 38,633 | 0 | -4,333 | 4,333 |
| Accruals and Deferred Income | -112,765 | 157,067 | 117,713 | 0 | 0 | 0 | 0 | 0 | 0 | -28,139 | 17,136 | 11,003 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -123 | 123 | -373 | -93 | 466 | -165 | 165 |
| Cash flow from operations | 29,036 | 4,611 | |||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 460 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 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 |
| share issue | |||||||||||||
| interest | 603 | 383 | |||||||||||
| cash flow from financing | 603 | 383 | |||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -63,064 | 32,990 | 55,021 | 0 | 0 | -10,727 | 7,484 | 620 | -32,232 | 1,877 | 28,143 | 4,510 | 325 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,064 | 32,990 | 55,021 | 0 | 0 | -10,727 | 7,484 | 620 | -32,232 | 1,877 | 28,143 | 4,510 | 325 |
ofttech limited Credit Report and Business Information
Ofttech Limited Competitor Analysis
Perform a competitor analysis for ofttech limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in BN3 area or any other competitors across 12 key performance metrics.
ofttech limited Ownership
OFTTECH LIMITED group structure
Ofttech Limited has no subsidiary companies.
Ultimate parent company
OFTTECH LIMITED
01708431
ofttech limited directors
Ofttech Limited currently has 2 directors. The longest serving directors include Mrs Kim Molyneaux (Mar 2004) and Dr Alexander Molyneaux (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Kim Molyneaux | Switzerland | 63 years | Mar 2004 | - | Director |
| Dr Alexander Molyneaux | France | 68 years | May 2018 | - | Director |
P&L
September 2022turnover
197k
+9%
operating profit
-30.2k
0%
gross margin
33.3%
-6.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
-137k
+0.27%
total assets
25.4k
-0.85%
cash
24.9k
-0.72%
net assets
Total assets minus all liabilities
ofttech limited company details
company number
01708431
Type
Private limited with Share Capital
industry
71122 - Engineering related scientific and technical consulting activities
71121 - Engineering design activities for industrial process and production
incorporation date
March 1983
age
41
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2022
previous names
kinetic engineering limited (May 2004)
accountant
TAXASSIST ACCOUNTANTS
auditor
-
address
16 blatchington road, hove, BN3 3YN
Bank
-
Legal Advisor
-
ofttech 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 ofttech limited.
ofttech 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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ofttech limited Companies House Filings - See Documents
| date | description | view/download |
|---|
