ethical technology limited
ethical technology limited Company Information
Company Number
02208213
Next Accounts
Mar 2026
Shareholders
ethitec ltd
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
37, millstone lane, leicester, LE1 5JN
Website
http://ethitec.comethical technology limited Estimated Valuation
Pomanda estimates the enterprise value of ETHICAL TECHNOLOGY LIMITED at £2.7m based on a Turnover of £3.2m and 0.84x industry multiple (adjusted for size and gross margin).
ethical technology limited Estimated Valuation
Pomanda estimates the enterprise value of ETHICAL TECHNOLOGY LIMITED at £0 based on an EBITDA of £-36.3k and a 5.42x industry multiple (adjusted for size and gross margin).
ethical technology limited Estimated Valuation
Pomanda estimates the enterprise value of ETHICAL TECHNOLOGY LIMITED at £479.1k based on Net Assets of £207.1k and 2.31x industry multiple (adjusted for liquidity).
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Ethical Technology Limited Overview
Ethical Technology Limited is a live company located in leicester, LE1 5JN with a Companies House number of 02208213. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 1987, it's largest shareholder is ethitec ltd with a 100% stake. Ethical Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
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Ethical Technology Limited Health Check
Pomanda's financial health check has awarded Ethical Technology Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£6m)
- Ethical Technology Limited
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (10.5%)
- Ethical Technology Limited
10.5% - Industry AVG
Production
with a gross margin of 61.3%, this company has a comparable cost of product (61.3%)
- Ethical Technology Limited
61.3% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (4%)
- Ethical Technology Limited
4% - Industry AVG
Employees
with 21 employees, this is below the industry average (41)
21 - Ethical Technology Limited
41 - Industry AVG
Pay Structure
on an average salary of £71.5k, the company has an equivalent pay structure (£71.5k)
- Ethical Technology Limited
£71.5k - Industry AVG
Efficiency
resulting in sales per employee of £153.2k, this is equally as efficient (£151.9k)
- Ethical Technology Limited
£151.9k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (54 days)
- Ethical Technology Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (37 days)
- Ethical Technology Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ethical Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (15 weeks)
31 weeks - Ethical Technology Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.9%, this is a higher level of debt than the average (61%)
88.9% - Ethical Technology Limited
61% - Industry AVG
ETHICAL TECHNOLOGY LIMITED financials
Ethical Technology Limited's latest turnover from June 2024 is estimated at £3.2 million and the company has net assets of £207.1 thousand. According to their latest financial statements, Ethical Technology Limited has 21 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 21 | 20 | 19 | 20 | 22 | 23 | 25 | 22 | 21 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,584 | 15,804 | 16,062 | 20,509 | 13,066 | 13,871 | 19,955 | 30,707 | 21,198 | 33,807 | 27,935 | 37,777 | 39,729 | 34,965 | 28,680 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 28,584 | 15,804 | 16,062 | 20,509 | 13,066 | 13,871 | 19,955 | 30,707 | 21,198 | 33,807 | 27,935 | 37,777 | 39,729 | 34,965 | 28,680 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 559,209 | 466,636 | 414,878 | 529,959 | 303,812 | 230,962 | 356,007 | 506,173 | 306,926 | 762,417 | 962,168 | 715,667 | 746,745 | 573,601 | 823,622 |
| Group Debtors | 240,112 | 292,065 | 114,639 | 391,091 | 375,370 | 381,572 | 380,769 | 382,156 | 381,888 | ||||||
| Misc Debtors | 32,373 | 27,126 | 27,718 | 55,393 | 32,715 | 19,397 | 15,444 | 19,299 | 13,628 | ||||||
| Cash | 1,012,590 | 839,146 | 1,064,522 | 577,511 | 796,169 | 759,858 | 750,281 | 557,631 | 611,128 | 675,163 | 471,180 | 403,606 | 547,943 | 528,104 | 350,229 |
| misc current assets | |||||||||||||||
| total current assets | 1,844,284 | 1,624,973 | 1,621,757 | 1,553,954 | 1,508,066 | 1,391,789 | 1,502,501 | 1,465,259 | 1,313,570 | 1,437,580 | 1,433,348 | 1,119,273 | 1,294,688 | 1,101,705 | 1,173,851 |
| total assets | 1,872,868 | 1,640,777 | 1,637,819 | 1,574,463 | 1,521,132 | 1,405,660 | 1,522,456 | 1,495,966 | 1,334,768 | 1,471,387 | 1,461,283 | 1,157,050 | 1,334,417 | 1,136,670 | 1,202,531 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 38,733 | 10,960 | 48,469 | 46,141 | 29,561 | 9,409 | 35,049 | 114,080 | 26,877 | 1,259,499 | 1,249,487 | 945,469 | 1,122,923 | 930,731 | 996,897 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,621,698 | 1,417,481 | 1,377,106 | 1,316,274 | 1,279,452 | 1,184,132 | 1,215,421 | 1,169,845 | 1,095,907 | ||||||
| total current liabilities | 1,660,431 | 1,428,441 | 1,425,575 | 1,362,415 | 1,309,013 | 1,193,541 | 1,250,470 | 1,283,925 | 1,122,784 | 1,259,499 | 1,249,487 | 945,469 | 1,122,923 | 930,731 | 996,897 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 65,214 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | ||
| total long term liabilities | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 65,214 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | 5,302 | ||
| total liabilities | 1,665,733 | 1,433,743 | 1,430,877 | 1,367,717 | 1,314,315 | 1,198,843 | 1,315,684 | 1,289,227 | 1,128,086 | 1,264,801 | 1,254,789 | 950,771 | 1,128,225 | 930,731 | 996,897 |
| net assets | 207,135 | 207,034 | 206,942 | 206,746 | 206,817 | 206,817 | 206,772 | 206,739 | 206,682 | 206,586 | 206,494 | 206,279 | 206,192 | 205,939 | 205,634 |
| total shareholders funds | 207,135 | 207,034 | 206,942 | 206,746 | 206,817 | 206,817 | 206,772 | 206,739 | 206,682 | 206,586 | 206,494 | 206,279 | 206,192 | 205,939 | 205,634 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 12,142 | 10,835 | 10,287 | 8,589 | 8,115 | 15,236 | 16,503 | 11,612 | 14,675 | 17,626 | 18,201 | 18,801 | 18,003 | 13,467 | 12,091 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 45,867 | 228,592 | -419,208 | 264,546 | 79,966 | -120,289 | -155,408 | 205,186 | -59,975 | -199,751 | 246,501 | -31,078 | 173,144 | -250,021 | 823,622 |
| Creditors | 27,773 | -37,509 | 2,328 | 16,580 | 20,152 | -25,640 | -79,031 | 87,203 | -1,232,622 | 10,012 | 304,018 | -177,454 | 192,192 | -66,166 | 996,897 |
| Accruals and Deferred Income | 204,217 | 40,375 | 60,832 | 36,822 | 95,320 | -31,289 | 45,576 | 73,938 | 1,095,907 | ||||||
| Deferred Taxes & Provisions | -59,912 | 59,912 | 5,302 | ||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 173,444 | -225,376 | 487,011 | -218,658 | 36,311 | 9,577 | 192,650 | -53,497 | -64,035 | 203,983 | 67,574 | -144,337 | 19,839 | 177,875 | 350,229 |
| overdraft | |||||||||||||||
| change in cash | 173,444 | -225,376 | 487,011 | -218,658 | 36,311 | 9,577 | 192,650 | -53,497 | -64,035 | 203,983 | 67,574 | -144,337 | 19,839 | 177,875 | 350,229 |
ethical technology limited Credit Report and Business Information
Ethical Technology Limited Competitor Analysis
Perform a competitor analysis for ethical technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in LE1 area or any other competitors across 12 key performance metrics.
ethical technology limited Ownership
ETHICAL TECHNOLOGY LIMITED group structure
Ethical Technology Limited has no subsidiary companies.
ethical technology limited directors
Ethical Technology Limited currently has 4 directors. The longest serving directors include Mr Simon Taylor (Jun 1997) and Mr Stuart Zarb (Jun 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Taylor | England | 65 years | Jun 1997 | - | Director |
| Mr Stuart Zarb | 62 years | Jun 1997 | - | Director | |
| Ms Paula Taylor | 67 years | Nov 1999 | - | Director | |
| Mrs Anya Zarb | 60 years | May 2002 | - | Director |
P&L
June 2024turnover
3.2m
+21%
operating profit
-48.5k
0%
gross margin
61.3%
-0.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
207.1k
0%
total assets
1.9m
+0.14%
cash
1m
+0.21%
net assets
Total assets minus all liabilities
Similar Companies
ethical technology limited company details
company number
02208213
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62090 - Other information technology and computer service activities
incorporation date
December 1987
age
38
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
MARK J REES LLP
address
37, millstone lane, leicester, LE1 5JN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
ethical technology 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 found 3 charges/mortgages relating to ethical technology limited. Currently there are 0 open charges and 3 have been satisfied in the past.
ethical technology 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.
Click to start generating capital raising & share issue transactions for ETHICAL TECHNOLOGY LIMITED. This can take several minutes, an email will notify you when this has completed.
ethical technology limited Companies House Filings - See Documents
| date | description | view/download |
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