itc global security limited
itc global security limited Company Information
Company Number
03006157
Next Accounts
Sep 2025
Shareholders
haven cyber technologies s.a.r.l.
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
b1 vantage park, old gloucester road, bristol, BS16 1GW
Website
www.itcsecure.comitc global security limited Estimated Valuation
Pomanda estimates the enterprise value of ITC GLOBAL SECURITY LIMITED at £9.5m based on a Turnover of £9.4m and 1.01x industry multiple (adjusted for size and gross margin).
itc global security limited Estimated Valuation
Pomanda estimates the enterprise value of ITC GLOBAL SECURITY LIMITED at £0 based on an EBITDA of £-6.7m and a 7.1x industry multiple (adjusted for size and gross margin).
itc global security limited Estimated Valuation
Pomanda estimates the enterprise value of ITC GLOBAL SECURITY LIMITED at £0 based on Net Assets of £-6.4m and 2.29x industry multiple (adjusted for liquidity).
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Itc Global Security Limited Overview
Itc Global Security Limited is a live company located in bristol, BS16 1GW with a Companies House number of 03006157. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 1995, it's largest shareholder is haven cyber technologies s.a.r.l. with a 100% stake. Itc Global Security Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.4m with declining growth in recent years.
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Itc Global Security Limited Health Check
Pomanda's financial health check has awarded Itc Global Security Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £9.4m, make it larger than the average company (£3.2m)
£9.4m - Itc Global Security Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (8.5%)
-6% - Itc Global Security Limited
8.5% - Industry AVG
Production
with a gross margin of 65.7%, this company has a lower cost of product (45.5%)
65.7% - Itc Global Security Limited
45.5% - Industry AVG
Profitability
an operating margin of -73.2% make it less profitable than the average company (5.8%)
-73.2% - Itc Global Security Limited
5.8% - Industry AVG
Employees
with 104 employees, this is above the industry average (22)
104 - Itc Global Security Limited
22 - Industry AVG
Pay Structure
on an average salary of £91.3k, the company has a higher pay structure (£63.1k)
£91.3k - Itc Global Security Limited
£63.1k - Industry AVG
Efficiency
resulting in sales per employee of £90.5k, this is less efficient (£139.1k)
£90.5k - Itc Global Security Limited
£139.1k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (61 days)
41 days - Itc Global Security Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 303 days, this is slower than average (28 days)
303 days - Itc Global Security Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Itc Global Security Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Itc Global Security Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 150%, this is a higher level of debt than the average (58.8%)
150% - Itc Global Security Limited
58.8% - Industry AVG
ITC GLOBAL SECURITY LIMITED financials
Itc Global Security Limited's latest turnover from December 2023 is £9.4 million and the company has net assets of -£6.4 million. According to their latest financial statements, Itc Global Security Limited has 104 employees and maintains cash reserves of £73.8 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 | Nov 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,412,750 | 11,839,028 | 10,265,245 | 11,179,795 | 16,728,616 | 26,062,844 | 22,911,275 | 13,143,089 | 11,413,204 | 9,413,228 | 7,790,047 | |||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 3,227,345 | 4,667,031 | 5,011,377 | 4,799,458 | 7,241,539 | 12,642,700 | 10,336,260 | 6,905,219 | 5,777,891 | 4,640,758 | 3,673,720 | |||
| Gross Profit | 6,185,405 | 7,171,997 | 5,253,868 | 6,380,337 | 9,487,077 | 13,420,144 | 12,575,015 | 6,237,870 | 5,635,313 | 4,772,470 | 4,116,327 | |||
| Admin Expenses | 13,072,524 | 14,418,279 | 12,013,353 | 10,327,073 | 11,728,600 | 15,584,385 | 15,185,080 | 6,721,103 | 4,913,303 | 4,354,764 | 3,847,158 | |||
| Operating Profit | -6,887,119 | -7,246,282 | -6,759,485 | -3,946,736 | -2,241,523 | -2,164,241 | -2,610,065 | -483,233 | 722,010 | 417,706 | 269,169 | |||
| Interest Payable | 251,028 | 159,198 | 111,119 | 67,462 | 51,150 | 2,746 | 452 | 329 | 7,145 | 15,219 | 24,847 | |||
| Interest Receivable | 2,234 | 626 | 24 | 141 | 6,425 | 1,340 | 339 | 557 | 221 | 3,878 | 10 | |||
| Pre-Tax Profit | -7,135,913 | -7,404,854 | -6,870,580 | -4,014,057 | -2,286,248 | -2,165,647 | -2,610,178 | -483,005 | 713,086 | 406,365 | 244,332 | |||
| Tax | 1,063,524 | -2,949 | -304,076 | 357,890 | 243,673 | 15,589 | -128,495 | -88,366 | 33,652 | |||||
| Profit After Tax | -6,072,389 | -7,407,803 | -6,870,580 | -4,014,057 | -2,590,324 | -1,807,757 | -2,366,505 | -467,416 | 584,591 | 317,999 | 277,984 | |||
| Dividends Paid | 144,000 | 424,000 | 87,000 | 36,000 | ||||||||||
| Retained Profit | -6,072,389 | -7,407,803 | -6,743,219 | -3,937,225 | -2,273,332 | -1,601,881 | -2,366,505 | -611,416 | 160,591 | 230,999 | 241,984 | |||
| Employee Costs | 9,492,962 | 9,329,136 | 8,098,208 | 6,939,157 | 8,668,501 | 9,725,868 | 10,419,976 | 4,579,255 | 3,417,013 | 2,865,826 | 2,327,043 | |||
| Number Of Employees | 104 | 109 | 85 | 80 | 112 | 116 | 102 | 73 | 59 | 49 | 40 | |||
| EBITDA* | -6,650,842 | -6,498,997 | -5,961,968 | -3,090,545 | -1,506,012 | -1,372,731 | -2,037,699 | -220,094 | 975,948 | 601,486 | 457,079 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 122,383 | 305,786 | 608,905 | 961,837 | 1,391,000 | 382,230 | 750,956 | 579,243 | 350,896 | 451,425 | 424,762 | 363,253 | 424,627 | 497,953 |
| Intangible Assets | 38,248 | 416,129 | 800,222 | 1,184,315 | 1,568,408 | |||||||||
| Investments & Other | 770,905 | 662,776 | 582,346 | 281,707 | 2,000 | 2,120 | 2,120 | 2,120 | ||||||
| Debtors (Due After 1 year) | 82,373 | 7,467 | 7,467 | |||||||||||
| Total Fixed Assets | 122,383 | 344,034 | 1,795,939 | 2,424,835 | 3,157,661 | 2,232,345 | 750,956 | 579,243 | 350,896 | 453,425 | 509,255 | 372,840 | 434,214 | 497,953 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 1,076,719 | 942,974 | 1,861,505 | 1,902,274 | 1,755,198 | 2,750,315 | 2,958,103 | 1,860,657 | 1,801,595 | 1,677,715 | 1,500,701 | 2,362,427 | 2,261,886 | 1,647,765 |
| Group Debtors | 2,602,593 | 1,722,413 | 585,872 | 714,758 | 988,598 | 530,506 | 1,500,000 | |||||||
| Misc Debtors | 8,886,390 | 2,919,480 | 3,425,176 | 1,260,585 | 1,956,739 | 3,326,030 | 2,926,469 | 2,548,060 | 2,592,323 | 1,787,387 | 1,187,814 | |||
| Cash | 73,841 | 11,894 | 22,530 | 228,425 | 313,865 | 2,326,851 | 245,820 | 1,162,719 | 1,079,634 | 518,458 | 128,285 | 157,151 | 6,604 | 640,814 |
| misc current assets | 17 | |||||||||||||
| total current assets | 12,639,543 | 5,596,761 | 5,895,083 | 4,106,042 | 5,014,400 | 8,933,702 | 7,630,392 | 5,571,436 | 5,473,552 | 3,983,560 | 2,816,817 | 2,519,578 | 2,268,490 | 2,288,579 |
| total assets | 12,761,926 | 5,940,795 | 7,691,022 | 6,530,877 | 8,172,061 | 11,166,047 | 8,381,348 | 6,150,679 | 5,824,448 | 4,436,985 | 3,326,072 | 2,892,418 | 2,702,704 | 2,786,532 |
| Bank overdraft | 47,263 | 49,771 | 429,349 | 479,041 | 651,986 | 655,441 | 2,012 | 1,110 | 257,773 | |||||
| Bank loan | ||||||||||||||
| Trade Creditors | 2,687,399 | 2,466,438 | 3,623,109 | 1,466,988 | 1,958,976 | 1,730,868 | 1,605,982 | 1,863,233 | 1,634,083 | 1,279,716 | 1,036,613 | 2,434,932 | 2,157,195 | 2,084,798 |
| Group/Directors Accounts | 7,365,551 | 57,879 | 156,404 | 522,361 | 13,254 | |||||||||
| other short term finances | 157,000 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 9,042,634 | 5,104,599 | 8,792,127 | 3,824,051 | 3,962,395 | 7,111,948 | 5,265,023 | 5,995,865 | 3,330,196 | 2,322,235 | 1,475,962 | |||
| total current liabilities | 19,142,847 | 7,678,687 | 13,000,989 | 5,770,080 | 7,095,718 | 9,498,257 | 6,873,017 | 7,860,208 | 4,964,279 | 3,758,951 | 2,783,602 | 2,434,932 | 2,157,195 | 2,084,798 |
| loans | ||||||||||||||
| hp & lease commitments | 8,023 | 18,626 | 29,123 | 68,910 | 128,189 | |||||||||
| Accruals and Deferred Income | 103,861 | 103,861 | 103,861 | 94,652 | ||||||||||
| other liabilities | 157,000 | 314,000 | 486,098 | 701,324 | ||||||||||
| provisions | 15,589 | 25,948 | ||||||||||||
| total long term liabilities | 103,861 | 111,884 | 122,487 | 123,775 | 68,910 | 128,189 | 15,589 | 25,948 | 157,000 | 314,000 | 486,098 | 701,324 | ||
| total liabilities | 19,142,847 | 7,782,548 | 13,112,873 | 5,892,567 | 7,219,493 | 9,567,167 | 7,001,206 | 7,860,208 | 4,979,868 | 3,784,899 | 2,940,602 | 2,748,932 | 2,643,293 | 2,786,122 |
| net assets | -6,380,921 | -1,841,753 | -5,421,851 | 638,310 | 952,568 | 1,598,880 | 1,380,142 | -1,709,529 | 844,580 | 652,086 | 385,470 | 143,486 | 59,411 | 410 |
| total shareholders funds | -6,380,921 | -1,841,753 | -5,421,851 | 638,310 | 952,568 | 1,598,880 | 1,380,142 | -1,709,529 | 844,580 | 652,086 | 385,470 | 143,486 | 59,411 | 410 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -6,887,119 | -7,246,282 | -6,759,485 | -3,946,736 | -2,241,523 | -2,164,241 | -2,610,065 | -483,233 | 722,010 | 417,706 | 269,169 | |||
| Depreciation | 198,029 | 369,404 | 413,424 | 472,098 | 351,418 | 439,451 | 572,366 | 263,139 | 253,938 | 183,780 | 187,910 | 170,085 | 249,813 | 215,748 |
| Amortisation | 38,248 | 377,881 | 384,093 | 384,093 | 384,093 | 352,059 | ||||||||
| Tax | 1,063,524 | -2,949 | -304,076 | 357,890 | 243,673 | 15,589 | -128,495 | -88,366 | 33,652 | |||||
| Stock | ||||||||||||||
| Debtors | 6,980,835 | -287,686 | 1,994,936 | -822,918 | -1,906,316 | -777,721 | 2,975,855 | 14,799 | 928,816 | 694,214 | 400,994 | 100,541 | 621,588 | 1,647,765 |
| Creditors | 220,961 | -1,156,671 | 2,156,121 | -491,988 | 228,108 | 124,886 | -257,251 | 229,150 | 354,367 | 243,103 | -1,398,319 | 277,737 | 72,397 | 2,084,798 |
| Accruals and Deferred Income | 3,834,174 | -3,687,528 | 4,968,076 | -129,135 | -3,054,901 | 1,846,925 | -730,842 | 2,665,669 | 1,007,961 | 846,273 | 1,475,962 | |||
| Deferred Taxes & Provisions | -15,589 | -10,359 | 25,948 | |||||||||||
| Cash flow from operations | -8,513,018 | -11,058,459 | -832,707 | -2,888,750 | -2,730,565 | 1,734,691 | -5,757,974 | 2,659,926 | 1,270,606 | 934,230 | 167,380 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | -1,360,188 | 197,438 | -574,133 | -556,410 | -153,409 | -210,443 | -249,419 | |||||||
| Change in Investments | -770,905 | 108,129 | 80,430 | 300,639 | 281,707 | -2,000 | -120 | 2,120 | ||||||
| cash flow from investments | 770,905 | -108,129 | -80,430 | -1,660,827 | -84,269 | -574,133 | -556,410 | -151,409 | -210,323 | -249,419 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 7,307,672 | -98,525 | 156,404 | -522,361 | 522,361 | -13,254 | 13,254 | |||||||
| Other Short Term Loans | -157,000 | 157,000 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -8,023 | -10,603 | -10,497 | -39,787 | -59,279 | 128,189 | ||||||||
| other long term liabilities | -157,000 | -157,000 | -172,098 | -215,226 | 701,324 | |||||||||
| share issue | ||||||||||||||
| interest | -248,794 | -158,572 | -111,095 | -67,321 | -44,725 | -1,406 | -113 | 228 | -6,924 | -11,341 | -24,837 | |||
| cash flow from financing | 8,592,099 | 10,722,781 | 717,764 | 3,022,788 | 2,064,869 | 1,759,934 | 5,584,252 | -1,942,465 | -132,021 | 11,022 | -168,583 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 61,947 | -10,636 | -205,895 | -85,440 | -2,012,986 | 2,081,031 | -916,899 | 83,085 | 561,176 | 390,173 | -28,866 | 150,547 | -634,210 | 640,814 |
| overdraft | -2,508 | -379,578 | -49,692 | -172,945 | -3,455 | 653,429 | 902 | 1,110 | -257,773 | 257,773 | ||||
| change in cash | 64,455 | 368,942 | -156,203 | 87,505 | -2,009,531 | 1,427,602 | -917,801 | 81,975 | 561,176 | 647,946 | -286,639 | 150,547 | -634,210 | 640,814 |
itc global security limited Credit Report and Business Information
Itc Global Security Limited Competitor Analysis
Perform a competitor analysis for itc global security limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BS16 area or any other competitors across 12 key performance metrics.
itc global security limited Ownership
ITC GLOBAL SECURITY LIMITED group structure
Itc Global Security Limited has 1 subsidiary company.
Ultimate parent company
C5 HOLDINGS SARL
#0102725
HAVEN CYBER TECHNOLOGIES SARL
#0082841
2 parents
ITC GLOBAL SECURITY LIMITED
03006157
1 subsidiary
itc global security limited directors
Itc Global Security Limited currently has 2 directors. The longest serving directors include Mr Andre Pienaar (Jul 2017) and Mr Arno Robbertse (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andre Pienaar | England | 55 years | Jul 2017 | - | Director |
| Mr Arno Robbertse | England | 39 years | Aug 2019 | - | Director |
P&L
December 2023turnover
9.4m
-20%
operating profit
-6.9m
-5%
gross margin
65.8%
+8.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.4m
+2.46%
total assets
12.8m
+1.15%
cash
73.8k
+5.21%
net assets
Total assets minus all liabilities
itc global security limited company details
company number
03006157
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 1995
age
30
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
itc internetwise limited (July 2008)
internet wise limited (November 2002)
accountant
-
auditor
TC GROUP
address
b1 vantage park, old gloucester road, bristol, BS16 1GW
Bank
-
Legal Advisor
-
itc global security 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 itc global security limited. Currently there are 0 open charges and 3 have been satisfied in the past.
itc global security 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 ITC GLOBAL SECURITY LIMITED. This can take several minutes, an email will notify you when this has completed.
itc global security limited Companies House Filings - See Documents
| date | description | view/download |
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