option computers limited
option computers limited Company Information
Company Number
01955823
Website
https://ihsmarkit.comRegistered Address
2nd floor,, london fruit & wool exchange, london, E1 6PW
Industry
Computer consultancy activities
Computer facilities management activities
Telephone
01344328300
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
us parthanon holdings llc 100%
option computers limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION COMPUTERS LIMITED at £5.9m based on a Turnover of £6.4m and 0.91x industry multiple (adjusted for size and gross margin).
option computers limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION COMPUTERS LIMITED at £19.3m based on an EBITDA of £3.2m and a 6.09x industry multiple (adjusted for size and gross margin).
option computers limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION COMPUTERS LIMITED at £23.9m based on Net Assets of £10.6m and 2.26x industry multiple (adjusted for liquidity).
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Option Computers Limited Overview
Option Computers Limited is a live company located in london, E1 6PW with a Companies House number of 01955823. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 1985, it's largest shareholder is us parthanon holdings llc with a 100% stake. Option Computers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.4m with declining growth in recent years.
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Option Computers Limited Health Check
Pomanda's financial health check has awarded Option Computers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £6.4m, make it larger than the average company (£2.9m)
£6.4m - Option Computers Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (9%)
-3% - Option Computers Limited
9% - Industry AVG
Production
with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)
44.7% - Option Computers Limited
44.7% - Industry AVG
Profitability
an operating margin of 13.9% make it more profitable than the average company (6.5%)
13.9% - Option Computers Limited
6.5% - Industry AVG
Employees
with 44 employees, this is above the industry average (19)
- Option Computers Limited
19 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Option Computers Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £146.3k, this is equally as efficient (£148.7k)
- Option Computers Limited
£148.7k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (56 days)
66 days - Option Computers Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (34 days)
1 days - Option Computers Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Option Computers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (20 weeks)
4 weeks - Option Computers Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.2%, this is a lower level of debt than the average (58%)
41.2% - Option Computers Limited
58% - Industry AVG
OPTION COMPUTERS LIMITED financials
Option Computers Limited's latest turnover from December 2023 is £6.4 million and the company has net assets of £10.6 million. According to their latest financial statements, we estimate that Option Computers Limited has 44 employees and maintains cash reserves of £669 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Dec 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,436,000 | 6,621,000 | 6,851,000 | 7,123,000 | 6,751,000 | 7,671,000 | 8,138,000 | 6,281,000 | 7,687,000 | 7,965,897 | 8,043,399 | 6,242,885 | 6,637,489 | 7,356,441 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 897,000 | 1,853,000 | -984,000 | -608,000 | -473,000 | -3,041,000 | -8,239,000 | -1,246,000 | -4,624,000 | -1,158,948 | 1,766,778 | 612,833 | 1,474,127 | 2,963,381 | |
| Interest Payable | 0 | 0 | 1,000 | 44,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 412 | 224 | 0 | |
| Interest Receivable | 518,000 | 150,000 | 1,000 | 33,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 | 9,835 | 5,656 | |
| Pre-Tax Profit | 1,415,000 | 2,003,000 | -984,000 | -609,000 | -473,000 | -3,041,000 | -8,239,000 | -1,246,000 | -4,624,000 | -1,158,948 | 1,766,730 | 612,431 | 1,483,738 | 2,969,037 | |
| Tax | -787,000 | -373,000 | 0 | 275,000 | 629,000 | 538,000 | 797,000 | 72,000 | 415,000 | 1,024,253 | -234,881 | 620,500 | -352,532 | -865,335 | |
| Profit After Tax | 628,000 | 1,630,000 | -984,000 | -334,000 | 156,000 | -2,503,000 | -7,442,000 | -1,174,000 | -4,209,000 | -134,695 | 1,531,849 | 1,232,931 | 1,131,206 | 2,103,702 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 389,000 | 961,000 | 107,000 | 87,000 | 75,000 | 2,791,168 | |
| Retained Profit | 628,000 | 1,630,000 | -984,000 | -334,000 | 156,000 | -2,503,000 | -7,442,000 | -1,174,000 | -4,598,000 | -1,095,695 | 1,424,849 | 1,145,931 | 1,056,206 | -687,466 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,101,000 | 7,756,000 | 3,108,488 | 2,866,167 | 1,857,087 | 1,465,446 | 1,088,327 | |
| Number Of Employees | 38 | 30 | 39 | 39 | |||||||||||
| EBITDA* | 3,172,000 | 4,018,000 | 1,411,000 | 984,000 | 756,000 | -3,013,000 | -8,211,000 | -1,213,000 | -4,588,000 | -1,029,557 | 1,886,329 | 740,347 | 1,696,413 | 3,072,049 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Dec 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,000 | 24,000 | 0 | 0 | 0 | 0 | 28,000 | 59,000 | 92,000 | 131,583 | 821,353 | 10,888 | 29,789 | 48,302 | 22,099 |
| Intangible Assets | 2,788,000 | 5,193,000 | 6,828,000 | 8,396,000 | 8,010,000 | 0 | 0 | 0 | 0 | 775,722 | 146,306 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 590,000 | 590,000 | 796,000 | 796,000 | 821,000 | 0 | 0 | 820,717 | 51 | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,807,000 | 5,217,000 | 6,828,000 | 8,396,000 | 8,600,000 | 590,000 | 824,000 | 855,000 | 913,000 | 907,305 | 967,659 | 831,605 | 29,840 | 48,304 | 22,101 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,172,000 | 1,964,000 | 2,323,000 | 1,452,000 | 1,501,000 | 1,464,000 | 1,466,000 | 1,800,000 | 4,086,000 | 3,445,619 | 5,009,898 | 4,367,119 | 4,323,432 | 2,217,159 | 2,111,611 |
| Group Debtors | 13,323,000 | 7,849,000 | 1,206,000 | 2,697,000 | 2,329,000 | 1,549,000 | 7,374,000 | 248,000 | 755,000 | 193,661 | 633 | 137,289 | 0 | 0 | 0 |
| Misc Debtors | 12,000 | 10,000 | 10,000 | 74,000 | 117,000 | 10,000 | 65,000 | 995,000 | 1,128,000 | 1,231,424 | 1,590,884 | 970,813 | 310,344 | 134,640 | 0 |
| Cash | 669,000 | 1,038,000 | 2,307,000 | 6,000 | 5,000 | 80,000 | 495,000 | 229,000 | 2,230,000 | 2,437,982 | 2,249,315 | 1,503,779 | 2,166,746 | 4,088,838 | 3,662,363 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,176,000 | 10,861,000 | 5,846,000 | 4,229,000 | 3,952,000 | 3,103,000 | 9,400,000 | 3,272,000 | 8,199,000 | 7,308,686 | 8,850,730 | 6,979,000 | 6,800,522 | 6,440,637 | 5,773,974 |
| total assets | 17,983,000 | 16,078,000 | 12,674,000 | 12,625,000 | 12,552,000 | 3,693,000 | 10,224,000 | 4,127,000 | 9,112,000 | 8,215,991 | 9,818,389 | 7,810,605 | 6,830,362 | 6,488,941 | 5,796,075 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 648 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,000 | 226,000 | 443,000 | 25,000 | 51,000 | 126,000 | 24,000 | 19,000 | 58,000 | 157,857 | 357,201 | 179,793 | 258,271 | 280,746 | 1,442,746 |
| Group/Directors Accounts | 5,570,000 | 3,496,000 | 1,617,000 | 1,449,000 | 15,064,000 | 7,270,000 | 16,021,000 | 2,392,000 | 5,597,000 | 0 | 0 | 165 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 1,829,000 | 2,418,000 | 2,306,000 | 2,259,000 | 1,615,000 | 5,946,000 | 1,325,000 | 1,420,000 | 2,043,000 | 1,888,492 | 2,195,203 | 1,764,644 | 1,852,019 | 2,544,329 | 0 |
| total current liabilities | 7,417,000 | 6,140,000 | 4,366,000 | 3,733,000 | 16,730,000 | 13,342,000 | 17,370,000 | 3,831,000 | 7,698,000 | 2,046,349 | 2,553,052 | 1,944,602 | 2,110,290 | 2,825,075 | 1,442,746 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,997 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,997 |
| total liabilities | 7,417,000 | 6,140,000 | 4,366,000 | 3,733,000 | 16,730,000 | 13,342,000 | 17,370,000 | 3,831,000 | 7,698,000 | 2,046,349 | 2,553,052 | 1,944,602 | 2,110,290 | 2,825,075 | 1,444,743 |
| net assets | 10,566,000 | 9,938,000 | 8,308,000 | 8,892,000 | -4,178,000 | -9,649,000 | -7,146,000 | 296,000 | 1,414,000 | 6,169,642 | 7,265,337 | 5,866,003 | 4,720,072 | 3,663,866 | 4,351,332 |
| total shareholders funds | 10,566,000 | 9,938,000 | 8,308,000 | 8,892,000 | -4,178,000 | -9,649,000 | -7,146,000 | 296,000 | 1,414,000 | 6,169,642 | 7,265,337 | 5,866,003 | 4,720,072 | 3,663,866 | 4,351,332 |
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Dec 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 897,000 | 1,853,000 | -984,000 | -608,000 | -473,000 | -3,041,000 | -8,239,000 | -1,246,000 | -4,624,000 | -1,158,948 | 1,766,778 | 612,833 | 1,474,127 | 2,963,381 | |
| Depreciation | 5,000 | 5,000 | 0 | 0 | 0 | 28,000 | 28,000 | 33,000 | 36,000 | 83,760 | 73,920 | 127,514 | 222,286 | 108,668 | 20,458 |
| Amortisation | 2,270,000 | 2,160,000 | 2,395,000 | 1,592,000 | 1,229,000 | 0 | 0 | 0 | 0 | 45,631 | 45,631 | 0 | 0 | 0 | 0 |
| Tax | -787,000 | -373,000 | 0 | 275,000 | 629,000 | 538,000 | 797,000 | 72,000 | 415,000 | 1,024,253 | -234,881 | 620,500 | -352,532 | -865,335 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,684,000 | 6,284,000 | -684,000 | 276,000 | 924,000 | -5,882,000 | 5,862,000 | -2,926,000 | 1,098,296 | -1,730,711 | 1,126,194 | 841,445 | 2,281,977 | 240,188 | 2,111,611 |
| Creditors | -208,000 | -217,000 | 418,000 | -26,000 | -75,000 | 102,000 | 5,000 | -39,000 | -99,857 | -199,344 | 177,408 | -78,478 | -22,475 | -1,162,000 | 1,442,746 |
| Accruals and Deferred Income | -589,000 | 112,000 | 47,000 | 644,000 | -4,331,000 | 4,621,000 | -95,000 | -623,000 | 154,508 | -306,711 | 430,559 | -87,375 | -692,310 | 2,544,329 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,997 | 1,997 |
| Cash flow from operations | -3,096,000 | -2,744,000 | 2,560,000 | 1,601,000 | -3,945,000 | 8,130,000 | -13,366,000 | 1,123,000 | -5,216,645 | 1,219,352 | 1,133,221 | 353,549 | -1,652,881 | 3,346,858 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -69,037 | -200,442 | -108,613 | -203,773 | -134,871 | ||||||||||
| Change in Investments | 0 | 0 | 0 | -590,000 | 0 | -206,000 | 0 | -25,000 | 821,000 | 0 | -820,717 | 820,666 | 49 | 0 | 2 |
| cash flow from investments | -69,037 | 620,275 | -929,279 | -203,822 | -134,871 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,074,000 | 1,879,000 | 168,000 | -13,615,000 | 7,794,000 | -8,751,000 | 13,629,000 | -3,205,000 | 5,597,000 | 0 | -165 | 165 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 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 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 518,000 | 150,000 | 0 | -11,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -402 | 9,611 | 5,656 | |
| cash flow from financing | 2,592,000 | 2,029,000 | 568,000 | -222,000 | 13,109,000 | -8,751,000 | 13,629,000 | -3,149,000 | 5,439,358 | 0 | -25,679 | -237 | 9,611 | 5,656 | |
| cash and cash equivalents | |||||||||||||||
| cash | -369,000 | -1,269,000 | 2,301,000 | 1,000 | -75,000 | -415,000 | 266,000 | -2,001,000 | -207,982 | 188,667 | 745,536 | -662,967 | -1,922,092 | 426,475 | 3,662,363 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -648 | 648 | 0 | 0 | 0 | 0 |
| change in cash | -369,000 | -1,269,000 | 2,301,000 | 1,000 | -75,000 | -415,000 | 266,000 | -2,001,000 | -207,982 | 189,315 | 744,888 | -662,967 | -1,922,092 | 426,475 | 3,662,363 |
option computers limited Credit Report and Business Information
Option Computers Limited Competitor Analysis
Perform a competitor analysis for option computers limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in E 1 area or any other competitors across 12 key performance metrics.
option computers limited Ownership
OPTION COMPUTERS LIMITED group structure
Option Computers Limited has 1 subsidiary company.
Ultimate parent company
OSTTRA GROUP LTD
#0156201
US PARTHANON HOLDINGS LLC
#0129011
2 parents
OPTION COMPUTERS LIMITED
01955823
1 subsidiary
option computers limited directors
Option Computers Limited currently has 2 directors. The longest serving directors include Ms Michelle Hallett (Sep 2021) and Mr Kirston Winters (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Michelle Hallett | England | 46 years | Sep 2021 | - | Director |
| Mr Kirston Winters | United Kingdom | 46 years | Sep 2021 | - | Director |
P&L
December 2023turnover
6.4m
-3%
operating profit
897k
-52%
gross margin
44.7%
-4.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.6m
+0.06%
total assets
18m
+0.12%
cash
669k
-0.36%
net assets
Total assets minus all liabilities
option computers limited company details
company number
01955823
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62030 - Computer facilities management activities
incorporation date
November 1985
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
variant computers limited (December 1985)
accountant
-
auditor
ERNST & YOUNG LLP
address
2nd floor,, london fruit & wool exchange, london, E1 6PW
Bank
HSBC BANK PLC
Legal Advisor
ASHURST
option computers 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 option computers limited.
option computers limited Companies House Filings - See Documents
| date | description | view/download |
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