Smartt Software Limited

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smartt software limited Company Information

Live

MatureMicroHealthy

Company Number

02478683

Website

www.smartt.co.uk

Registered Address

64 fleet road, farnborough, GU14 9RA

Industry

Business and domestic software development

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Michael Massey5 Years

Shareholders

compsoft limited 100%

smartt software limited Estimated Valuation

£143.9k

Pomanda estimates the enterprise value of SMARTT SOFTWARE LIMITED at £143.9k based on Net Assets of £60.8k and 2.37x industry multiple (adjusted for liquidity).

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Smartt Software Limited is a live company located in farnborough, GU14 9RA with a Companies House number of 02478683. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 1990, it's largest shareholder is compsoft limited with a 100% stake. Smartt Software Limited is a mature, micro sized company, Pomanda has estimated its turnover at £130.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded Smartt Software Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £130.8k, make it smaller than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.1%)

EXPORT

Smartt Software Limited's latest turnover from December 2023 is estimated at £130.8 thousand and the company has net assets of £60.8 thousand. According to their latest financial statements, Smartt Software Limited has 2 employees and maintains cash reserves of £81.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	130,761	97,266	87,148	113,418	113,362	155,940	218,422	234,266	156,988	161,389	222,953	163,749	233,109	212,159	295,519
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	37,037	27,795	23,221	30,877	29,989	41,921	57,349	61,385	37,719	38,458	54,358	38,050	53,436	45,342	76,289
Gross Profit	93,724	69,471	63,927	82,540	83,373	114,019	161,072	172,881	119,269	122,931	168,595	125,699	179,673	166,817	219,230
Admin Expenses	72,370	50,083	58,037	76,520	78,869	130,098	160,829	177,297	113,471	123,919	172,200	126,816	181,436	163,652	194,336
Operating Profit	21,354	19,388	5,890	6,020	4,504	-16,079	243	-4,416	5,798	-988	-3,605	-1,117	-1,763	3,165	24,894
Interest Payable	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,113	2,445	169	77	395	360	321	185	451	462	464	472	489	511	248
Pre-Tax Profit	25,465	21,832	6,059	6,096	4,899	-15,719	564	-4,231	6,249	-526	-3,141	-645	-1,274	3,676	25,142
Tax	-6,366	-4,148	-1,151	-1,158	-931	0	-107	0	-1,250	0	0	0	0	-1,029	-7,040
Profit After Tax	19,099	17,684	4,908	4,938	3,968	-15,719	457	-4,231	4,999	-526	-3,141	-645	-1,274	2,647	18,102
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,099	17,684	4,908	4,938	3,968	-15,719	457	-4,231	4,999	-526	-3,141	-645	-1,274	2,647	18,102
Employee Costs	141,476	135,030	126,332	120,433	123,659	183,861	175,563	170,569	108,010	107,411	163,130	104,600	156,405	151,735	196,080
Number Of Employees	2	2	2	2	2	3	3	3	2	2	3	2	3	3	4
EBITDA*	21,406	19,698	6,200	6,456	4,771	-15,877	1,362	-3,409	7,093	473	-2,297	93	514	5,618	27,647

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	52	362	672	177	444	646	964	1,971	598	1,597	2,044	190	2,467	4,670
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	52	362	672	177	444	646	964	1,971	598	1,597	2,044	190	2,467	4,670
Stock & work in progress	46,083	13,421	8,619	0	0	0	0	0	0	6,000	6,000	5,000	10,000	10,000	10,000
Trade Debtors	9,655	2,476	993	10,259	9,330	8,784	32,241	38,411	29,760	27,431	36,944	26,237	39,640	36,034	47,751
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,984	8,997	7,645	2,489	6,140	4,893	5,623	3,198	2,732	0	0	0	0	0	0
Cash	81,660	82,874	56,856	78,597	74,556	30,844	63,276	65,189	82,474	97,746	87,123	98,427	90,404	105,310	99,139
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	155,382	107,768	74,113	91,345	90,026	44,521	101,140	106,798	114,966	131,177	130,067	129,664	140,044	151,344	156,890
total assets	155,382	107,820	74,475	92,017	90,203	44,965	101,786	107,762	116,937	131,775	131,664	131,708	140,234	153,811	161,560
Bank overdraft	0	35	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	0
Trade Creditors	15,574	1,025	710	809	5,688	995	5,699	3,328	5,311	106,612	105,975	102,878	109,476	120,800	126,892
Group/Directors Accounts	0	0	0	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	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	1,283	2,262	4,219
other current liabilities	78,999	65,050	49,739	72,090	70,335	33,758	69,699	78,503	81,464	0	0	0	0	0	0
total current liabilities	94,573	66,110	50,449	72,899	76,023	34,753	75,398	81,831	86,775	106,612	105,975	102,878	110,759	123,062	131,111
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	2,347
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	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,347
total liabilities	94,573	66,110	50,449	72,899	76,023	34,753	75,398	81,831	86,775	106,612	105,975	102,878	110,759	123,062	133,458
net assets	60,809	41,710	24,026	19,118	14,180	10,212	26,388	25,931	30,162	25,163	25,689	28,830	29,475	30,749	28,102
total shareholders funds	60,809	41,710	24,026	19,118	14,180	10,212	26,388	25,931	30,162	25,163	25,689	28,830	29,475	30,749	28,102

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	21,354	19,388	5,890	6,020	4,504	-16,079	243	-4,416	5,798	-988	-3,605	-1,117	-1,763	3,165	24,894
Depreciation	52	310	310	436	267	202	1,119	1,007	1,295	1,461	1,308	1,210	2,277	2,453	2,753
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,366	-4,148	-1,151	-1,158	-931	0	-107	0	-1,250	0	0	0	0	-1,029	-7,040
Stock	32,662	4,802	8,619	0	0	0	0	0	-6,000	0	1,000	-5,000	0	0	10,000
Debtors	16,166	2,835	-4,110	-2,722	1,793	-27,932	-3,745	9,117	5,061	-9,513	10,707	-13,403	3,606	-11,717	47,751
Creditors	14,549	315	-99	-4,879	4,693	-2,333	2,371	-1,983	-101,301	637	3,097	-6,598	-11,324	-6,092	126,892
Accruals and Deferred Income	13,949	15,311	-22,351	1,755	36,577	-44,745	-8,804	-2,961	81,464	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-5,290	23,539	-21,910	4,896	43,317	-35,023	-1,433	-17,470	-13,055	10,623	-10,907	11,898	-14,416	10,214	89,748
Investing Activities
capital expenditure	0	0	0	-931	0	318	-801	0	-2,668	-462	-861	-3,064	0	-250	-7,423
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-931	0	318	-801	0	-2,668	-462	-861	-3,064	0	-250	-7,423
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	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	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	-1,283	-979	-4,304	6,566
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	4,111	2,443	169	77	395	360	321	185	451	462	464	472	489	511	248
cash flow from financing	4,111	2,443	169	77	395	360	321	185	451	462	464	-811	-490	-3,793	16,814
cash and cash equivalents
cash	-1,214	26,018	-21,741	4,041	43,712	-34,345	-1,913	-17,285	-15,272	10,623	-11,304	8,023	-14,906	6,171	99,139
overdraft	-35	35	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,179	25,983	-21,741	4,041	43,712	-34,345	-1,913	-17,285	-15,272	10,623	-11,304	8,023	-14,906	6,171	99,139

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SMARTT SOFTWARE LIMITED group structure

Smartt Software Limited has no subsidiary companies.

Ultimate parent company

MASSEY TECHNOLOGY LIMITED

10438474

COMPSOFT LIMITED

02478435

2 parents

SMARTT SOFTWARE LIMITED

02478683

SMARTT SOFTWARE LIMITED Shareholders

compsoft limited

100%

Smartt Software Limited currently has 1 director, Mr Michael Massey serving since Jan 2019.

officer	country	age	start	end	role
Mr Michael Massey	England	51 years	Jan 2019	-	Director

P&L

December 2023

turnover

130.8k

+34%

operating profit

21.4k

gross margin

71.7%

+0.35%

turnover

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

Balance Sheet

December 2023

net assets

60.8k

+0.46%

total assets

155.4k

+0.44%

cash

81.7k

-0.01%

net assets

Total assets minus all liabilities

Similar Companies

0.5

1.5

4.5

company number

02478683

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

March 1990

accounts

Total Exemption Full

ultimate parent company

MASSEY TECHNOLOGY LIMITED

previous names

exeter micros limited (April 2008)

exeter microcomputers limited (May 1999)

last accounts submitted

December 2023

address

64 fleet road, farnborough, GU14 9RA

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 1 charges/mortgages relating to smartt software limited. Currently there are 0 open charges and 1 have been satisfied in the past.

smartt software limited Company Information

smartt software limited Estimated Valuation

smartt software limited Estimated Valuation

smartt software limited Estimated Valuation

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