Ash Information Systems Limited

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ash information systems limited Company Information

Live

MatureMicroDeclining

Company Number

03066988

Website

ashsys.co.uk

Registered Address

unit 1a tring business estate, upper icknield way, tring, hertfordshire, HP23 4JX

Industry

Business and domestic software development

Telephone

01442842624

Next Accounts Due

February 2025

Group Structure

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Directors

Jack Hurrell29 Years

Shareholders

sonja hall 50%

jack william hurrell 35%

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ash information systems limited Estimated Valuation

£63k

Pomanda estimates the enterprise value of ASH INFORMATION SYSTEMS LIMITED at £63k based on a Turnover of £98.5k and 0.64x industry multiple (adjusted for size and gross margin).

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Ash Information Systems Limited is a live company located in tring, HP23 4JX with a Companies House number of 03066988. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 1995, it's largest shareholder is sonja hall with a 50% stake. Ash Information Systems Limited is a mature, micro sized company, Pomanda has estimated its turnover at £98.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Ash Information Systems Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £98.5k, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (8.5%)

EXPORT

Ash Information Systems Limited's latest turnover from May 2023 is estimated at £98.5 thousand and the company has net assets of -£187.4 thousand. According to their latest financial statements, Ash Information Systems Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	98,475	156,664	297,407	386,431	347,814	342,875	324,563	141,994	71,255	143,497	83,749	84,662	101,613	176,245
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	57,742	87,552	169,227	218,477	199,963	197,814	183,301	80,466	39,695	81,361	46,534	46,003	53,517	96,130
Gross Profit	40,733	69,112	128,180	167,954	147,851	145,061	141,262	61,528	31,560	62,136	37,215	38,659	48,096	80,115
Admin Expenses	83,422	220,298	141,588	102,477	134,492	129,204	75,251	38,805	40,447	28,511	65,699	33,670	83,335	166,374
Operating Profit	-42,689	-151,186	-13,408	65,477	13,359	15,857	66,011	22,723	-8,887	33,625	-28,484	4,989	-35,239	-86,259
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	1	1	0	0	0	0
Pre-Tax Profit	-42,689	-151,186	-13,408	65,477	13,359	15,857	66,011	22,724	-8,886	33,625	-28,484	4,989	-35,239	-86,259
Tax	0	0	0	-12,441	-2,538	-3,013	-12,542	-4,545	0	-7,061	0	-1,197	0	0
Profit After Tax	-42,689	-151,186	-13,408	53,036	10,821	12,844	53,469	18,179	-8,886	26,564	-28,484	3,792	-35,239	-86,259
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,689	-151,186	-13,408	53,036	10,821	12,844	53,469	18,179	-8,886	26,564	-28,484	3,792	-35,239	-86,259
Employee Costs	199,298	310,481	289,038	282,500	295,882	289,795	279,526	53,967	53,559	53,847	51,425	52,186	50,169	98,090
Number Of Employees	3	5	5	5	5	5	5	1	1	1	1	1	1	2
EBITDA*	-42,689	-151,186	-13,408	65,477	13,359	15,857	66,011	23,147	-8,887	33,767	-28,214	5,269	-34,866	-85,762

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	2	2	2	2	2	2	2	2	426	426	568	838	1,118	1,491
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	2	2	2	2	2	2	2	2	426	426	568	838	1,118	1,491
Stock & work in progress	0	0	0	0	0	0	0	85,000	85,000	70,000	20,000	18,500	10,000	34,000
Trade Debtors	7,519	17,235	99,673	158,664	125,554	117,265	110,190	38,290	16,120	36,466	18,760	19,820	24,926	44,433
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	52	85	127	129	41	112	15
misc current assets	0	0	0	0	0	0	1,246	0	0	0	0	0	0	0
total current assets	7,519	17,235	99,673	158,664	125,554	117,265	111,436	123,342	101,205	106,593	38,889	38,361	35,038	78,448
total assets	7,521	17,237	99,675	158,666	125,556	117,267	111,438	123,344	101,631	107,019	39,457	39,199	36,156	79,939
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	69,768	32,381	59,866	102,153	123,577	127,624	119,237	161,097	155,043	151,545	185,547	156,805	157,652	166,196
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	69,768	32,381	59,866	102,153	123,577	127,624	119,237	161,097	155,043	151,545	185,547	156,805	157,652	166,196
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	1,903	0	0	0	0	0	0	0	0	0	0
other liabilities	125,199	129,613	33,380	34,773	35,178	33,663	49,065	72,480	75,000	75,000	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	125,199	129,613	33,380	36,676	35,178	33,663	49,065	72,480	75,000	75,000	0	0	0	0
total liabilities	194,967	161,994	93,246	138,829	158,755	161,287	168,302	233,577	230,043	226,545	185,547	156,805	157,652	166,196
net assets	-187,446	-144,757	6,429	19,837	-33,199	-44,020	-56,864	-110,233	-128,412	-119,526	-146,090	-117,606	-121,496	-86,257
total shareholders funds	-187,446	-144,757	6,429	19,837	-33,199	-44,020	-56,864	-110,233	-128,412	-119,526	-146,090	-117,606	-121,496	-86,257

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-42,689	-151,186	-13,408	65,477	13,359	15,857	66,011	22,723	-8,887	33,625	-28,484	4,989	-35,239	-86,259
Depreciation	0	0	0	0	0	0	0	424	0	142	270	280	373	497
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-12,441	-2,538	-3,013	-12,542	-4,545	0	-7,061	0	-1,197	0	0
Stock	0	0	0	0	0	0	-85,000	0	15,000	50,000	1,500	8,500	-24,000	34,000
Debtors	-9,716	-82,438	-58,991	33,110	8,289	7,075	71,900	22,170	-20,346	17,706	-1,060	-5,106	-19,507	44,433
Creditors	37,387	-27,485	-42,287	-21,424	-4,047	8,387	-41,860	6,054	3,498	-34,002	28,742	-847	-8,544	166,196
Accruals and Deferred Income	0	0	-1,903	1,903	0	0	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	4,414	-96,233	1,393	405	-1,515	14,156	24,709	2,486	-43	-75,002	88	-169	97	2,001
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,988
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,988
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	-4,414	96,233	-1,393	-405	1,515	-15,402	-23,415	-2,520	0	75,000	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	98	0	2
interest	0	0	0	0	0	0	0	0	1	1	0	0	0	0
cash flow from financing	-4,414	96,233	-1,393	-405	1,515	-15,402	-23,515	-2,520	1	75,001	0	98	0	2
cash and cash equivalents
cash	0	0	0	0	0	0	-52	-33	-42	-2	88	-71	97	15
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-52	-33	-42	-2	88	-71	97	15

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASH INFORMATION SYSTEMS LIMITED group structure

Ash Information Systems Limited has no subsidiary companies.

Ultimate parent company

ASH INFORMATION SYSTEMS LIMITED

03066988

ASH INFORMATION SYSTEMS LIMITED Shareholders

sonja hall	50%
jack william hurrell	35%
jenny hurrell	15%

Ash Information Systems Limited currently has 1 director, Mr Jack Hurrell serving since Jun 1995.

officer	country	age	start	end	role
Mr Jack Hurrell	United Kingdom	78 years	Jun 1995	-	Director

P&L

May 2023

turnover

98.5k

-37%

operating profit

-42.7k

gross margin

41.4%

-6.24%

turnover

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

Balance Sheet

May 2023

net assets

-187.4k

+0.29%

total assets

7.5k

-0.56%

cash

net assets

Total assets minus all liabilities

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company number

03066988

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

June 1995

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

ashridge information technology limited (January 1997)

last accounts submitted

May 2023

address

unit 1a tring business estate, upper icknield way, tring, hertfordshire, HP23 4JX

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 did not find charges/mortgages relating to ash information systems limited.

ash information systems limited Company Information

ash information systems limited Estimated Valuation

ash information systems limited Estimated Valuation

ash information systems limited Estimated Valuation

Ash Information Systems Limited Overview

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ASH INFORMATION SYSTEMS LIMITED financials

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