ion information technologies limited Company Information
Company Number
03137721
Website
https://ionit.comRegistered 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
View All
Shareholders
enterprise system solutions limited 100%
ion information technologies limited Estimated Valuation
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).
ion information technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ION INFORMATION TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-90.1k and a 4.67x industry multiple (adjusted for size and gross margin).
ion information technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ION INFORMATION TECHNOLOGIES LIMITED at £214.7k based on Net Assets of £102.6k and 2.09x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ion Information Technologies Limited Overview
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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Ion Information Technologies Limited Health Check
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
4 Strong
2 Regular
5 Weak
Size
annual sales of £523.4k, make it smaller than the average company (£7.1m)
- Ion Information Technologies Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (10.2%)
- Ion Information Technologies Limited
10.2% - Industry AVG
Production
with a gross margin of 53.8%, this company has a comparable cost of product (53.8%)
- Ion Information Technologies Limited
53.8% - Industry AVG
Profitability
an operating margin of -17.2% make it less profitable than the average company (3.6%)
- Ion Information Technologies Limited
3.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (45)
7 - Ion Information Technologies Limited
45 - Industry AVG
Pay Structure
on an average salary of £66k, the company has an equivalent pay structure (£66k)
- Ion Information Technologies Limited
£66k - Industry AVG
Efficiency
resulting in sales per employee of £74.8k, this is less efficient (£151.5k)
- Ion Information Technologies Limited
£151.5k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (50 days)
- Ion Information Technologies Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (28 days)
- Ion Information Technologies Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ion Information Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 104 weeks, this is more cash available to meet short term requirements (14 weeks)
104 weeks - Ion Information Technologies Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.2%, this is a lower level of debt than the average (53.5%)
38.2% - Ion Information Technologies Limited
53.5% - Industry AVG
ION INFORMATION TECHNOLOGIES LIMITED financials
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 | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 7 | 7 | 8 | 8 | 8 | 6 | 7 | 7 | |||||||
EBITDA* |
* 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 | |||||||||||||||
Depreciation | 0 | 0 | 0 | 0 | 1,288 | 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 | 34,191 | 45,589 | 48,756 | 14,564 | 3,167 | |
Tax | |||||||||||||||
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 | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
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 | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
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 |
ion information technologies limited Credit Report and Business Information
Ion Information Technologies Limited Competitor Analysis
Perform a competitor analysis for ion information technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in HA1 area or any other competitors across 12 key performance metrics.
ion information technologies limited Ownership
ION INFORMATION TECHNOLOGIES LIMITED group structure
Ion Information Technologies Limited has no subsidiary companies.
Ultimate parent company
ENTERPRISE SYSTEM SOLUTIONS PRIVATE LTD
#0091404
2 parents
ION INFORMATION TECHNOLOGIES LIMITED
03137721
ion information technologies limited directors
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 2024turnover
523.4k
+7%
operating profit
-90.1k
0%
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 2024net assets
102.6k
-0.44%
total assets
165.9k
-0.3%
cash
127.5k
-0.36%
net assets
Total assets minus all liabilities
ion information technologies limited company details
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
age
29
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
AVENTUS PARTNERS LIMITED
auditor
-
address
rear ground floor, hygeia building, harrow, middlesex, HA1 1BE
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
ion information technologies 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 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 Companies House Filings - See Documents
date | description | view/download |
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