Leading Edge I T Limited

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leading edge i t limited Company Information

Live

MatureMidRapid

Company Number

03018367

Website

www.leadingedgetech.co.uk

Registered Address

units scf 1 & 2, western international market, southall, middlesex, UB2 5XJ

Industry

Computer consultancy activities

Telephone

01772702617

Next Accounts Due

December 2024

Group Structure

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Directors

Christopher Edge29 Years

Ian Chotakoo4 Years

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Shareholders

ian somenauth chotakoo 33.3%

christian paul tabb 33.3%

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leading edge i t limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of LEADING EDGE I T LIMITED at £9.9m based on a Turnover of £11.5m and 0.86x industry multiple (adjusted for size and gross margin).

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Leading Edge I T Limited is a live company located in southall, UB2 5XJ with a Companies House number of 03018367. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 1995, it's largest shareholder is ian somenauth chotakoo with a 33.3% stake. Leading Edge I T Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Leading Edge I T Limited a 3.5 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 Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £11.5m, make it larger than the average company (£847.8k)

Growth

3 year (CAGR) sales growth of 369%, show it is growing at a faster rate (4.7%)

EXPORT

Leading Edge I T Limited's latest turnover from March 2023 is estimated at £11.5 million and the company has net assets of £949 thousand. According to their latest financial statements, Leading Edge I T Limited has 23 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	11,541,190	2,559,383	468,355	111,600	120,439	0	121,662	0	8,698	100,547	12,253	84,345	157,045	87,196
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,049,192	1,383,128	243,230	53,445	55,962	0	51,204	0	3,621	38,103	4,298	31,642	59,702	32,338
Gross Profit	5,491,999	1,176,255	225,125	58,155	64,477	0	70,458	0	5,076	62,443	7,954	52,703	97,342	54,858
Admin Expenses	4,909,119	708,208	191,799	13,344	67,233	586	72,321	3,329	15,888	99,052	40,652	38,306	12,702	24,836
Operating Profit	582,880	468,047	33,326	44,811	-2,756	-586	-1,863	-3,329	-10,812	-36,609	-32,698	14,397	84,640	30,022
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	32,539	2,190	82	28	52	46	23	56	168	296	413	474	271	50
Pre-Tax Profit	615,419	470,237	33,409	44,838	-2,704	-540	-1,840	-3,273	-10,644	-36,313	-32,285	14,870	84,911	30,072
Tax	-116,930	-89,345	-6,348	-8,519	0	0	0	0	0	0	0	-3,866	-23,775	-8,420
Profit After Tax	498,489	380,892	27,061	36,319	-2,704	-540	-1,840	-3,273	-10,644	-36,313	-32,285	11,004	61,136	21,652
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	498,489	380,892	27,061	36,319	-2,704	-540	-1,840	-3,273	-10,644	-36,313	-32,285	11,004	61,136	21,652
Employee Costs	1,220,955	488,572	91,232	46,262	53,219	0	54,817	0	57,707	55,917	54,071	53,861	104,040	52,931
Number Of Employees	23	10	2	1	1	0	1	0	1	1	1	1	2	1
EBITDA*	591,984	469,600	34,091	46,007	-2,069	-575	-1,468	-2,935	-10,418	-35,204	-31,293	15,802	84,928	30,236

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	21,834	15,360	821	513	1,393	0	11	406	800	0	1,405	2,810	0	288
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	21,834	15,360	821	513	1,393	0	11	406	800	0	1,405	2,810	0	288
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	13,668	32,756	20,885
Trade Debtors	2,717,101	647,838	103,698	0	0	0	0	0	1,563	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	723,034	0	6,586	135	0	0	0	1,563	0	0	0	0	0	0
Cash	1,061,541	469,700	114,323	50,394	4,802	9,031	9,428	9,310	12,944	54,344	64,147	101,242	88,207	20,133
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,501,676	1,117,538	224,607	50,529	4,802	9,031	9,428	10,873	14,507	54,344	64,147	114,910	120,963	41,018
total assets	4,523,510	1,132,898	225,428	51,042	6,195	9,031	9,439	11,279	15,307	54,344	65,552	117,720	120,963	41,306
Bank overdraft	0	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
Trade Creditors	2,807,227	352,586	108,540	0	0	0	0	0	755	29,148	4,043	23,926	38,173	19,652
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	767,323	329,845	47,313	8,528	0	132	0	0	0	0	0	0	0	0
total current liabilities	3,574,550	682,431	155,853	8,528	0	132	0	0	755	29,148	4,043	23,926	38,173	19,652
loans	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
Accruals and Deferred Income	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
provisions	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
total liabilities	3,574,550	682,431	155,853	8,528	0	132	0	0	755	29,148	4,043	23,926	38,173	19,652
net assets	948,960	450,467	69,575	42,514	6,195	8,899	9,439	11,279	14,552	25,196	61,509	93,794	82,790	21,654
total shareholders funds	948,960	450,467	69,575	42,514	6,195	8,899	9,439	11,279	14,552	25,196	61,509	93,794	82,790	21,654

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	582,880	468,047	33,326	44,811	-2,756	-586	-1,863	-3,329	-10,812	-36,609	-32,698	14,397	84,640	30,022
Depreciation	9,104	1,553	765	1,196	687	11	395	394	394	1,405	1,405	1,405	288	214
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-116,930	-89,345	-6,348	-8,519	0	0	0	0	0	0	0	-3,866	-23,775	-8,420
Stock	0	0	0	0	0	0	0	0	0	0	-13,668	-19,088	11,871	20,885
Debtors	2,792,297	537,554	110,149	135	0	0	-1,563	0	1,563	0	0	0	0	0
Creditors	2,454,641	244,046	108,540	0	0	0	0	-755	-28,393	25,105	-19,883	-14,247	18,521	19,652
Accruals and Deferred Income	437,478	282,532	38,785	8,528	-132	132	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	574,876	369,279	64,919	45,881	-2,201	-443	95	-3,690	-40,374	-10,099	-37,508	16,777	67,803	20,583
Investing Activities
capital expenditure	-15,578	-16,092	-1,073	-316	-2,080	0	0	0	-1,194	0	0	-4,215	0	-502
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,578	-16,092	-1,073	-316	-2,080	0	0	0	-1,194	0	0	-4,215	0	-502
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	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	0	0
share issue	4	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	32,539	2,190	82	28	52	46	23	56	168	296	413	474	271	50
cash flow from financing	32,543	2,190	82	28	52	46	23	56	168	296	413	474	271	52
cash and cash equivalents
cash	591,841	355,377	63,929	45,592	-4,229	-397	118	-3,634	-41,400	-9,803	-37,095	13,035	68,074	20,133
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	591,841	355,377	63,929	45,592	-4,229	-397	118	-3,634	-41,400	-9,803	-37,095	13,035	68,074	20,133

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LEADING EDGE I T LIMITED group structure

Leading Edge I T Limited has no subsidiary companies.

Ultimate parent company

LEADING EDGE I T LIMITED

03018367

LEADING EDGE I T LIMITED Shareholders

ian somenauth chotakoo	33.33%
christian paul tabb	33.33%
christopher edge	33.33%

Leading Edge I T Limited currently has 3 directors. The longest serving directors include Mr Christopher Edge (Feb 1995) and Mr Ian Chotakoo (Mar 2020).

officer	country	age	start	end	role
Mr Christopher Edge	United Kingdom	50 years	Feb 1995	-	Director
Mr Ian Chotakoo	United Kingdom	47 years	Mar 2020	-	Director
Mr Christian Tabb	United Kingdom	51 years	Mar 2020	-	Director

P&L

March 2023

turnover

11.5m

+351%

operating profit

582.9k

gross margin

47.6%

+3.54%

turnover

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

Balance Sheet

March 2023

net assets

949k

+1.11%

total assets

4.5m

+2.99%

cash

1.1m

+1.26%

net assets

Total assets minus all liabilities

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company number

03018367

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

February 1995

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

units scf 1 & 2, western international market, southall, middlesex, UB2 5XJ

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leading edge i t limited Company Information

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