Internal Systems Limited

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internal systems limited Company Information

Dissolved

Company Number

02988533

Website

Registered Address

one central boulevard, central boulevard, blythe valley, solihull, B90 8BG

Industry

Other information technology and computer service activities

Computer consultancy activities

Telephone

01582714080

Next Accounts Due

June 2024

Group Structure

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Directors

William Dawson2 Years

Philip Grannum2 Years

View All

Shareholders

wavenet limited 100%

internal systems limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of INTERNAL SYSTEMS LIMITED at £2.3m based on a Turnover of £3.4m and 0.68x industry multiple (adjusted for size and gross margin).

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Internal Systems Limited is a dissolved company that was located in solihull, B90 8BG with a Companies House number of 02988533. It operated in the information technology consultancy activities sector, SIC Code 62020. Founded in November 1994, it's largest shareholder was wavenet limited with a 100% stake. The last turnover for Internal Systems Limited was estimated at £3.4m.

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

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.4m, make it in line with the average company (£2.9m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.7%)

EXPORT

Internal Systems Limited's latest turnover from December 2020 is estimated at £3.4 million and the company has net assets of -£313.3 thousand. According to their latest financial statements, Internal Systems Limited has 13 employees and maintains cash reserves of £837 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,432,727	4,639,900	3,844,104	2,502,142	2,763,027	2,822,897	3,881,419	4,268,831	4,845,277	8,063,933	4,012,845	2,718,890
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,711,903	2,258,100	1,815,609	1,150,584	1,200,062	1,215,143	1,622,970	1,716,385	1,945,056	3,447,630	1,672,672	1,112,154
Gross Profit	1,720,824	2,381,800	2,028,495	1,351,558	1,562,965	1,607,754	2,258,449	2,552,446	2,900,220	4,616,303	2,340,174	1,606,736
Admin Expenses	1,756,947	2,441,138	2,078,429	1,375,612	1,583,901	1,592,153	2,266,572	2,624,348	3,371,167	4,573,265	2,340,388	-485,754
Operating Profit	-36,123	-59,338	-49,934	-24,054	-20,936	15,601	-8,123	-71,902	-470,947	43,038	-214	2,092,490
Interest Payable	14,968	2	3	1	0	0	0	0	0	0	0	0
Interest Receivable	455	2,601	2,853	780	547	724	666	1,235	1,107	781	922	386
Pre-Tax Profit	-50,636	-56,739	-47,084	-23,275	-20,389	16,325	-7,457	-70,667	-469,840	43,819	708	2,092,876
Tax	0	0	0	0	0	-3,265	0	0	0	-11,393	-198	-586,005
Profit After Tax	-50,636	-56,739	-47,084	-23,275	-20,389	13,060	-7,457	-70,667	-469,840	32,426	510	1,506,871
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-50,636	-56,739	-47,084	-23,275	-20,389	13,060	-7,457	-70,667	-469,840	32,426	510	1,506,871
Employee Costs	716,468	900,451	985,730	923,422	879,530	724,480	1,510,720	1,667,335	1,844,585	3,101,537	1,559,997	1,102,804
Number Of Employees	13	16	17	17	16	13	27	31	35	59	31	21
EBITDA*	-29,216	-47,655	-36,804	-11,267	-7,897	29,746	4,562	-54,410	-454,664	59,642	13,908	2,103,091

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	12,777	12,647	20,817	28,449	31,966	35,284	20,507	22,415	28,543	39,697	41,278	34,241
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,777	12,647	20,817	28,449	31,966	35,284	20,507	22,415	28,543	39,697	41,278	34,241
Stock & work in progress	3,408	6,404	8,538	8,629	7,380	5,184	4,536	2,613	1,332	7,703	6,782	5,338
Trade Debtors	897,142	1,277,678	982,282	615,649	595,789	607,837	614,184	655,709	747,667	1,276,626	656,008	443,378
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,935	6,484	5,723	13,876	14,447	11,373	0	0	0	0	0	0
Cash	837,022	73,099	620,453	140,343	266,168	171,706	117,746	148,844	345,000	97,912	214,391	154,554
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,748,507	1,363,665	1,616,996	778,497	883,784	796,100	736,466	807,166	1,093,999	1,382,241	877,181	603,270
total assets	1,761,284	1,376,312	1,637,813	806,946	915,750	831,384	756,973	829,581	1,122,542	1,421,938	918,459	637,511
Bank overdraft	0	0	61	36	0	0	0	0	0	0	0	0
Bank loan	111,179	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	205,574	243,363	360,366	119,994	263,259	209,916	923,693	1,007,610	988,214	1,093,472	630,132	404,920
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,375,800	1,393,169	1,479,315	840,494	802,243	761,210	0	0	0	0	0	0
total current liabilities	1,692,553	1,636,532	1,839,742	960,524	1,065,502	971,126	923,693	1,007,610	988,214	1,093,472	630,132	404,920
loans	379,562	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
Accruals and Deferred Income	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
provisions	2,428	2,403	3,955	5,222	6,162	6,658	3,615	3,890	264,621	7,053	7,504	5,736
total long term liabilities	381,990	2,403	3,955	5,222	6,162	6,658	3,615	3,890	264,621	7,053	7,504	5,736
total liabilities	2,074,543	1,638,935	1,843,697	965,746	1,071,664	977,784	927,308	1,011,500	1,252,835	1,100,525	637,636	410,656
net assets	-313,259	-262,623	-205,884	-158,800	-155,914	-146,400	-170,335	-181,919	-130,293	321,413	280,823	226,855
total shareholders funds	-313,259	-262,623	-205,884	-158,800	-155,914	-146,400	-170,335	-181,919	-130,293	321,413	280,823	226,855

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-36,123	-59,338	-49,934	-24,054	-20,936	15,601	-8,123	-71,902	-470,947	43,038	-214	2,092,490
Depreciation	6,907	11,683	13,130	12,787	13,039	14,145	12,685	17,492	16,283	16,604	14,122	10,601
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-3,265	0	0	0	-11,393	-198	-586,005
Stock	-2,996	-2,134	-91	3,445	2,196	648	1,923	1,281	-6,371	921	1,444	5,338
Debtors	-376,085	296,157	358,480	10,315	-8,974	5,026	-41,525	-91,958	-528,959	620,618	212,630	443,378
Creditors	-37,789	-117,003	240,372	-89,922	53,343	-713,777	-83,917	19,396	-105,258	463,340	225,212	404,920
Accruals and Deferred Income	-17,369	-86,146	638,821	79,284	41,033	761,210	0	0	0	0	0	0
Deferred Taxes & Provisions	25	-1,552	-1,267	-1,436	-496	3,043	-275	-260,731	257,568	-451	1,768	5,736
Cash flow from operations	294,732	-546,379	482,733	-37,101	92,761	71,283	-40,028	-205,068	232,976	-110,401	26,616	1,479,026
Investing Activities
capital expenditure	-7,037	-3,513	-5,498	-5,952	-9,721	-28,922	-10,777	-11,364	-5,129	-15,023	-21,159	-44,842
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,037	-3,513	-5,498	-5,952	-9,721	-28,922	-10,777	-11,364	-5,129	-15,023	-21,159	-44,842
Financing Activities
Bank loans	111,179	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	379,562	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	10,875	10,875	10,875	19,041	19,041	18,134	8,164	53,458	-1,280,016
interest	-14,513	2,599	2,850	779	547	724	666	1,235	1,107	781	922	386
cash flow from financing	476,228	2,599	2,850	11,654	11,422	11,599	19,707	20,276	19,241	8,945	54,380	-1,279,630
cash and cash equivalents
cash	763,923	-547,354	480,110	-31,363	94,462	53,960	-31,098	-196,156	247,088	-116,479	59,837	154,554
overdraft	0	-61	25	36	0	0	0	0	0	0	0	0
change in cash	763,923	-547,293	480,085	-31,399	94,462	53,960	-31,098	-196,156	247,088	-116,479	59,837	154,554

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INTERNAL SYSTEMS LIMITED group structure

Internal Systems Limited has no subsidiary companies.

Ultimate parent company

MACQUARIE GROUP LTD

#0060893

WAVENET LIMITED

03919664

2 parents

INTERNAL SYSTEMS LIMITED

02988533

INTERNAL SYSTEMS LIMITED Shareholders

wavenet limited

100%

Internal Systems Limited currently has 4 directors. The longest serving directors include Mr William Dawson (Oct 2021) and Mr Philip Grannum (Oct 2021).

officer	country	age	start	end	role
Mr William Dawson	United Kingdom	61 years	Oct 2021	-	Director
Mr Philip Grannum	United Kingdom	55 years	Oct 2021	-	Director
Mr Stewart Motler	United Kingdom	47 years	Oct 2021	-	Director
Mrs Venetia Cooper		49 years	Feb 2022	-	Director

P&L

December 2020

turnover

3.4m

-26%

operating profit

-36.1k

gross margin

50.2%

-2.34%

turnover

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

Balance Sheet

December 2020

net assets

-313.3k

+0.19%

total assets

1.8m

+0.28%

cash

837k

+10.45%

net assets

Total assets minus all liabilities

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company number

02988533

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

62020 - Computer consultancy activities

incorporation date

November 1994

age

accounts

Total Exemption Full

ultimate parent company

MACQUARIE GROUP LTD

previous names

N/A

incorporated

address

one central boulevard, central boulevard, blythe valley, solihull, B90 8BG

last accounts submitted

December 2020

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 2 charges/mortgages relating to internal systems limited. Currently there are 0 open charges and 2 have been satisfied in the past.

internal systems limited Company Information

internal systems limited Estimated Valuation

internal systems limited Estimated Valuation

internal systems limited Estimated Valuation

Internal Systems Limited Overview

Internal Systems Limited Health Check

INTERNAL SYSTEMS LIMITED financials

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