independent trustee limited
independent trustee limited Company Information
Company Number
02473669
Next Accounts
Dec 2025
Shareholders
independent governance group limited
Group Structure
View All
Industry
Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
Registered Address
westgate 9 holborn, london, EC1N 2LL
Website
www.itslimited.co.ukindependent trustee limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £176.2k based on a Turnover of £376.9k and 0.47x industry multiple (adjusted for size and gross margin).
independent trustee limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £1.3m based on an EBITDA of £523k and a 2.52x industry multiple (adjusted for size and gross margin).
independent trustee limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £785.5k based on Net Assets of £447.6k and 1.76x industry multiple (adjusted for liquidity).
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Independent Trustee Limited Overview
Independent Trustee Limited is a live company located in london, EC1N 2LL with a Companies House number of 02473669. It operates in the activities of patent and copyright agents sector, SIC Code 69109. Founded in February 1990, it's largest shareholder is independent governance group limited with a 100% stake. Independent Trustee Limited is a mature, micro sized company, Pomanda has estimated its turnover at £376.9k with declining growth in recent years.
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Independent Trustee Limited Health Check
Pomanda's financial health check has awarded Independent Trustee Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £376.9k, make it smaller than the average company (£572.3k)
- Independent Trustee Limited
£572.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (8.5%)
- Independent Trustee Limited
8.5% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (53.2%)
- Independent Trustee Limited
53.2% - Industry AVG
Profitability
an operating margin of 138.8% make it more profitable than the average company (9.1%)
- Independent Trustee Limited
9.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (7)
- Independent Trustee Limited
7 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
- Independent Trustee Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £125.6k, this is more efficient (£69.3k)
- Independent Trustee Limited
£69.3k - Industry AVG
Debtor Days
it gets paid by customers after 131 days, this is later than average (51 days)
- Independent Trustee Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (15 days)
- Independent Trustee Limited
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Independent Trustee Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (31 weeks)
110 weeks - Independent Trustee Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.4%, this is a lower level of debt than the average (49.1%)
38.4% - Independent Trustee Limited
49.1% - Industry AVG
INDEPENDENT TRUSTEE LIMITED financials
Independent Trustee Limited's latest turnover from March 2024 is estimated at £376.9 thousand and the company has net assets of £447.6 thousand. According to their latest financial statements, we estimate that Independent Trustee Limited has 3 employees and maintains cash reserves of £590.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 605,371 | 776,296 | 685,132 | 626,326 | 634,587 | 594,528 | 749,888 | 439,682 | 431,620 | 397,477 | 371,972 | 485,405 | 484,817 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 7,613 | 51,362 | 56,549 | 70,965 | 68,624 | 56,572 | 57,405 | 34,176 | |||||||
| Tax | -1,446 | -9,759 | -9,325 | -13,700 | -13,656 | -12,064 | -11,481 | -6,835 | |||||||
| Profit After Tax | 6,167 | 41,603 | 47,224 | 57,265 | 54,968 | 44,508 | 45,924 | 27,341 | |||||||
| Dividends Paid | 50,000 | 70,000 | 40,000 | 50,000 | 50,000 | 65,000 | |||||||||
| Retained Profit | -43,833 | -28,397 | 7,224 | 7,265 | 4,968 | -20,492 | 45,924 | 27,341 | |||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | |||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 135,801 | 112,871 | 124,945 | 23,921 | 274,103 | 253,976 | 319,564 | 296,600 | 263,220 | 280,831 | 249,784 | 23,703 | 19,518 | 63,797 | 203,426 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 11,093 | 2,651 | 254,283 | 70,471 | 2,468 | 2,952 | 2,004 | 2,098 | 4,530 | 130,112 | 76,495 | 87,786 | |||
| Cash | 590,396 | 206,069 | 26,717 | 50,396 | 39,950 | 60,381 | 18,015 | 29,041 | 50,183 | 16,109 | |||||
| misc current assets | |||||||||||||||
| total current assets | 726,197 | 330,033 | 154,313 | 328,600 | 384,524 | 316,825 | 340,531 | 327,645 | 315,501 | 301,470 | 249,784 | 153,815 | 96,013 | 151,583 | 203,426 |
| total assets | 726,197 | 330,033 | 154,313 | 328,600 | 384,524 | 316,825 | 340,531 | 327,645 | 315,501 | 301,470 | 249,784 | 153,815 | 96,013 | 151,583 | 203,426 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 34 | 107,105 | 23,958 | 36,901 | 63,797 | 73,149 | |||||||||
| Group/Directors Accounts | 116,664 | 259,614 | 125,767 | 211,220 | 219,268 | 187,842 | 200,235 | 102,410 | 162,485 | 202,083 | 249,782 | 153,813 | 96,011 | ||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 161,944 | 30,827 | 28,544 | 73,545 | 93,024 | 63,975 | 82,553 | 65,355 | 55,791 | 35,143 | 87,784 | 130,275 | |||
| total current liabilities | 278,642 | 290,441 | 154,311 | 284,765 | 312,292 | 251,817 | 282,788 | 274,870 | 242,234 | 274,127 | 249,782 | 153,813 | 96,011 | 151,581 | 203,424 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 278,642 | 290,441 | 154,311 | 284,765 | 312,292 | 251,817 | 282,788 | 274,870 | 242,234 | 274,127 | 249,782 | 153,813 | 96,011 | 151,581 | 203,424 |
| net assets | 447,555 | 39,592 | 2 | 43,835 | 72,232 | 65,008 | 57,743 | 52,775 | 73,267 | 27,343 | 2 | 2 | 2 | 2 | 2 |
| total shareholders funds | 447,555 | 39,592 | 2 | 43,835 | 72,232 | 65,008 | 57,743 | 52,775 | 73,267 | 27,343 | 2 | 2 | 2 | 2 | 2 |
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -1,446 | -9,759 | -9,325 | -13,700 | -13,656 | -12,064 | -11,481 | -6,835 | |||||||
| Stock | |||||||||||||||
| Debtors | 11,837 | 123,964 | -150,608 | -66,370 | 88,130 | -66,072 | 23,912 | 33,286 | -20,043 | 35,577 | 95,969 | 57,802 | -55,570 | -51,843 | 203,426 |
| Creditors | 34 | -107,105 | 83,147 | -12,943 | 36,901 | -63,797 | -9,352 | 73,149 | |||||||
| Accruals and Deferred Income | 131,117 | 30,827 | -45,001 | -19,479 | 29,049 | -18,578 | 17,198 | 9,564 | 20,648 | 35,143 | -87,784 | -42,491 | 130,275 | ||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -2 | ||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -142,950 | 259,614 | -85,453 | -8,048 | 31,426 | -12,393 | 97,825 | -60,075 | -39,598 | -47,699 | 95,969 | 57,802 | 96,011 | ||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -85,453 | -8,048 | 31,426 | -12,393 | 97,825 | -60,075 | -39,598 | -47,699 | 95,969 | 57,802 | 96,011 | 2 | |||
| cash and cash equivalents | |||||||||||||||
| cash | 384,327 | 206,069 | -23,679 | 10,446 | -20,431 | 42,366 | -11,026 | -21,142 | 34,074 | 16,109 | |||||
| overdraft | |||||||||||||||
| change in cash | 384,327 | 206,069 | -23,679 | 10,446 | -20,431 | 42,366 | -11,026 | -21,142 | 34,074 | 16,109 |
independent trustee limited Credit Report and Business Information
Independent Trustee Limited Competitor Analysis
Perform a competitor analysis for independent trustee limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC1N area or any other competitors across 12 key performance metrics.
independent trustee limited Ownership
INDEPENDENT TRUSTEE LIMITED group structure
Independent Trustee Limited has no subsidiary companies.
Ultimate parent company
2 parents
INDEPENDENT TRUSTEE LIMITED
02473669
independent trustee limited directors
Independent Trustee Limited currently has 5 directors. The longest serving directors include Mr Ian Pittaway (Feb 1992) and Mr Christopher Martin (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Pittaway | England | 68 years | Feb 1992 | - | Director |
| Mr Christopher Martin | United Kingdom | 60 years | Jan 2022 | - | Director |
| Mr Andrew Bradshaw | United Kingdom | 50 years | Feb 2023 | - | Director |
| Mr Anthony Livingstone | England | 54 years | Feb 2023 | - | Director |
| Ms Catherine Hardingham | United Kingdom | 47 years | Jun 2024 | - | Director |
P&L
March 2024turnover
376.9k
+22%
operating profit
523k
0%
gross margin
26%
-18.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
447.6k
+10.3%
total assets
726.2k
+1.2%
cash
590.4k
+1.87%
net assets
Total assets minus all liabilities
independent trustee limited company details
company number
02473669
Type
Private limited with Share Capital
industry
69109 - Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
incorporation date
February 1990
age
35
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
westgate 9 holborn, london, EC1N 2LL
Bank
-
Legal Advisor
-
independent trustee 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 6 charges/mortgages relating to independent trustee limited. Currently there are 2 open charges and 4 have been satisfied in the past.
independent trustee 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 INDEPENDENT TRUSTEE LIMITED. This can take several minutes, an email will notify you when this has completed.
independent trustee limited Companies House Filings - See Documents
| date | description | view/download |
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