Ion Information Technologies Limited

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ion information technologies limited Company Information

Live

MatureSmallDeclining

Company Number

03137721

Website

https://ionit.com

Registered Address

rear ground floor, hygeia building, harrow, middlesex, HA1 1BE

Industry

Other information technology and computer service activities

Ready-made interactive leisure and entertainment software development

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Yogeshwar Vasdev6 Years

Somprabh Jha4 Years

Shareholders

enterprise system solutions limited 100%

ion information technologies limited Estimated Valuation

£370.3k

Pomanda estimates the enterprise value of ION INFORMATION TECHNOLOGIES LIMITED at £370.3k based on a Turnover of £523.4k and 0.71x industry multiple (adjusted for size and gross margin).

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Ion Information Technologies Limited is a live company located in harrow, HA1 1BE with a Companies House number of 03137721. It operates in the ready-made interactive leisure and entertainment software development sector, SIC Code 62011. Founded in December 1995, it's largest shareholder is enterprise system solutions limited with a 100% stake. Ion Information Technologies Limited is a mature, small sized company, Pomanda has estimated its turnover at £523.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Ion Information Technologies Limited a 4 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 Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £523.4k, make it smaller than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (10.2%)

EXPORT

Ion Information Technologies Limited's latest turnover from March 2024 is estimated at £523.4 thousand and the company has net assets of £102.6 thousand. According to their latest financial statements, Ion Information Technologies Limited has 7 employees and maintains cash reserves of £127.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	523,365	490,378	848,490	858,568	805,372	379,236	561,882	496,680	510,023	1,805,411	2,220,030	2,597,173	2,600,941	1,005,504	927,246
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	241,974	228,263	421,614	409,837	404,096	176,263	263,622	229,841	213,239	799,960	997,439	1,290,074	1,218,768	405,842	436,802
Gross Profit	281,392	262,114	426,876	448,730	401,276	202,974	298,259	266,839	296,784	1,005,451	1,222,590	1,307,099	1,382,173	599,663	490,444
Admin Expenses	371,493	313,641	392,035	402,232	322,476	33,860	291,078	391,787	393,168	1,031,991	1,269,834	1,372,537	1,343,022	625,338	666,115
Operating Profit	-90,101	-51,527	34,841	46,498	78,800	169,114	7,181	-124,948	-96,384	-26,540	-47,244	-65,438	39,151	-25,675	-175,671
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,146	8,929	1,683	236	161	510	183	126	851	1,433	1,412	1,371	1,165	873	466
Pre-Tax Profit	-81,955	-42,598	36,523	46,735	78,962	169,623	7,364	-124,822	-95,533	-25,108	-45,832	-64,067	40,316	-24,802	-175,205
Tax	0	0	-6,939	-8,880	-15,003	-32,228	-1,399	0	0	0	0	0	-9,676	0	0
Profit After Tax	-81,955	-42,598	29,584	37,855	63,959	137,395	5,965	-124,822	-95,533	-25,108	-45,832	-64,067	30,640	-24,802	-175,205
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-81,955	-42,598	29,584	37,855	63,959	137,395	5,965	-124,822	-95,533	-25,108	-45,832	-64,067	30,640	-24,802	-175,205
Employee Costs	462,092	449,217	488,918	454,064	442,593	163,144	313,726	367,237	352,680	769,669	981,843	1,084,701	1,119,332	358,975	386,746
Number Of Employees	7	7	8	8	8	3	6	7	7	15	20	23	24	8	9
EBITDA*	-90,101	-51,527	34,841	46,498	80,088	169,114	9,864	-121,836	-92,716	-20,579	-6,282	-16,035	90,003	-7,229	-168,951

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	0	0	0	0	0	1,288	1,509	1,172	4,284	1,730	4,231	2,539	1,275	820	3,060
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	34,191	79,780	128,536	101,262
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	0	0	0	0	1,288	1,509	1,172	4,284	1,730	4,231	36,730	81,055	129,356	104,322
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	30,693	29,550	109,451	111,161	80,464	65,980	62,940	34,618	44,172	259,632	312,877	346,974	348,021	142,190	143,556
Group Debtors	2,416	2,416	2,416	2,416	16,492	0	0	0	0	0	0	0	0	0	0
Misc Debtors	5,250	6,000	0	0	1,554	12,000	0	3,866	30,071	0	0	0	0	0	0
Cash	127,538	198,290	221,882	226,860	245,650	77,117	58,787	14,350	86,500	253,742	319,256	245,362	303,173	162,634	186,410
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	165,897	236,256	333,749	340,437	344,160	155,097	121,727	52,834	160,743	513,374	632,133	592,336	651,194	304,824	329,966
total assets	165,897	236,256	333,749	340,437	344,160	156,385	123,236	54,006	165,027	515,104	636,364	629,066	732,249	434,180	434,288
Bank overdraft	0	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	0
Trade Creditors	30,784	18,559	48,655	56,733	138,181	17,762	77,918	66,461	49,765	342,360	438,512	385,382	424,498	157,069	132,375
Group/Directors Accounts	0	0	0	0	0	0	50,000	11,000	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	0	0	0
other current liabilities	32,519	33,148	57,947	86,141	46,271	42,874	36,964	24,156	38,051	0	0	0	0	0	0
total current liabilities	63,303	51,707	106,602	142,874	184,452	60,636	164,882	101,617	87,816	342,360	438,512	385,382	424,498	157,069	132,375
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	0
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	0
total liabilities	63,303	51,707	106,602	142,874	184,452	60,636	164,882	101,617	87,816	342,360	438,512	385,382	424,498	157,069	132,375
net assets	102,594	184,549	227,147	197,563	159,708	95,749	-41,646	-47,611	77,211	172,744	197,852	243,684	307,751	277,111	301,913
total shareholders funds	102,594	184,549	227,147	197,563	159,708	95,749	-41,646	-47,611	77,211	172,744	197,852	243,684	307,751	277,111	301,913

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-90,101	-51,527	34,841	46,498	78,800	169,114	7,181	-124,948	-96,384	-26,540	-47,244	-65,438	39,151	-25,675	-175,671
Depreciation	0	0	0	0	1,288	0	2,683	3,112	3,668	5,961	6,771	3,814	2,096	3,882	3,553
Amortisation	0	0	0	0	0	0	0	0	0	0	34,191	45,589	48,756	14,564	3,167
Tax	0	0	-6,939	-8,880	-15,003	-32,228	-1,399	0	0	0	0	0	-9,676	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	393	-73,901	-1,710	15,067	20,530	15,040	24,456	-35,759	-185,389	-53,245	-34,097	-1,047	205,831	-1,366	143,556
Creditors	12,225	-30,096	-8,078	-81,448	120,419	-60,156	11,457	16,696	-292,595	-96,152	53,130	-39,116	267,429	24,694	132,375
Accruals and Deferred Income	-629	-24,799	-28,194	39,870	3,397	5,910	12,808	-13,895	38,051	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	-78,898	-32,521	-6,660	-19,027	168,371	67,600	8,274	-83,276	-161,871	-63,486	80,945	-54,104	141,925	18,831	-180,132
Investing Activities
capital expenditure	0	0	0	0	0	221	-3,020	0	-6,222	-3,460	-8,463	-5,078	-2,551	-43,480	-111,042
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	0	0	221	-3,020	0	-6,222	-3,460	-8,463	-5,078	-2,551	-43,480	-111,042
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	-50,000	39,000	11,000	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	0	0	0	0
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	477,118
interest	8,146	8,929	1,683	236	161	510	183	126	851	1,433	1,412	1,371	1,165	873	466
cash flow from financing	8,146	8,929	1,683	236	161	-49,490	39,183	11,126	851	1,433	1,412	1,371	1,165	873	477,584
cash and cash equivalents
cash	-70,752	-23,592	-4,978	-18,790	168,533	18,330	44,437	-72,150	-167,242	-65,514	73,894	-57,811	140,539	-23,776	186,410
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-70,752	-23,592	-4,978	-18,790	168,533	18,330	44,437	-72,150	-167,242	-65,514	73,894	-57,811	140,539	-23,776	186,410

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ION INFORMATION TECHNOLOGIES LIMITED group structure

Ion Information Technologies Limited has no subsidiary companies.

Ultimate parent company

ENTERPRISE SYSTEM SOLUTIONS PRIVATE LTD

#0091404

ENTERPRISE SYSTEM SOLUTIONS LIMITED

08641098

2 parents

ION INFORMATION TECHNOLOGIES LIMITED

03137721

ION INFORMATION TECHNOLOGIES LIMITED Shareholders

enterprise system solutions limited

100%

Ion Information Technologies Limited currently has 2 directors. The longest serving directors include Mr Yogeshwar Vasdev (Jul 2018) and Mr Somprabh Jha (Dec 2019).

officer	country	age	start	end	role
Mr Yogeshwar Vasdev		71 years	Jul 2018	-	Director
Mr Somprabh Jha	United Kingdom	57 years	Dec 2019	-	Director

P&L

March 2024

turnover

523.4k

+7%

operating profit

-90.1k

gross margin

53.8%

+0.59%

turnover

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

Balance Sheet

March 2024

net assets

102.6k

-0.44%

total assets

165.9k

-0.3%

cash

127.5k

-0.36%

net assets

Total assets minus all liabilities

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company number

03137721

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

62011 - Ready-made interactive leisure and entertainment software development

incorporation date

December 1995

ultimate parent company

ENTERPRISE SYSTEM SOLUTIONS PRIVATE LTD

previous names

N/A

address

rear ground floor, hygeia building, harrow, middlesex, HA1 1BE

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 4 charges/mortgages relating to ion information technologies limited. Currently there are 0 open charges and 4 have been satisfied in the past.

ion information technologies limited Company Information

ion information technologies limited Estimated Valuation

ion information technologies limited Estimated Valuation

ion information technologies limited Estimated Valuation

Ion Information Technologies Limited Overview

Ion Information Technologies Limited Health Check

ION INFORMATION TECHNOLOGIES LIMITED financials

ion information technologies limited Credit Report and Business Information

Ion Information Technologies Limited Competitor Analysis

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ion information technologies limited Companies House Filings - See Documents