Askelite Ltd

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askelite ltd Company Information

Live

MatureSmallHealthy

Company Number

03375484

Website

www.askelite.co.uk

Registered Address

6b, elite house forge lane, little aston, sutton coldfield, west midlands, B74 3BE

Industry

Computer consultancy activities

Telephone

08002545177

Next Accounts Due

February 2026

Group Structure

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Directors

Manpal Manik27 Years

Shareholders

manpal singh manik 50%

sukhjit manik 50%

askelite ltd Estimated Valuation

£771.9k

Pomanda estimates the enterprise value of ASKELITE LTD at £771.9k based on Net Assets of £343.1k and 2.25x industry multiple (adjusted for liquidity).

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Askelite Ltd is a live company located in sutton coldfield, B74 3BE with a Companies House number of 03375484. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 1997, it's largest shareholder is manpal singh manik with a 50% stake. Askelite Ltd is a mature, small sized company, Pomanda has estimated its turnover at £527.7k with healthy growth in recent years.

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Pomanda's financial health check has awarded Askelite Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £527.7k, make it larger than the average company (£274.7k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (10.5%)

EXPORT

Askelite Ltd's latest turnover from May 2024 is estimated at £527.7 thousand and the company has net assets of £343.1 thousand. According to their latest financial statements, Askelite Ltd has 5 employees and maintains cash reserves of £260.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	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	527,665	344,131	460,094	439,348	621,127	669,117	606,201	785,352	573,591	1,808,560	1,136,234	988,749	1,602,665	1,478,929	1,436,276
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	282,316	173,756	240,163	224,010	291,713	304,412	261,416	315,487	227,509	686,096	423,822	342,762	569,611	568,342	518,456
Gross Profit	245,348	170,375	219,931	215,338	329,414	364,705	344,785	469,866	346,082	1,122,465	712,413	645,988	1,033,054	910,587	917,819
Admin Expenses	276,738	101,157	176,029	173,838	255,178	337,310	304,476	471,506	313,480	1,153,114	712,778	674,664	1,029,705	955,883	657,379
Operating Profit	-31,390	69,218	43,902	41,500	74,236	27,395	40,309	-1,640	32,602	-30,649	-365	-28,676	3,349	-45,296	260,440
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,917	10,990	2,639	232	162	810	636	480	687	658	1,099	1,085	1,043	540	34
Pre-Tax Profit	-19,473	80,208	46,541	41,732	74,398	28,205	40,944	-1,160	33,289	-29,991	734	-27,591	4,392	-44,756	260,474
Tax	0	-20,052	-8,843	-7,929	-14,136	-5,359	-7,779	0	-6,658	0	-154	0	-1,054	0	-72,933
Profit After Tax	-19,473	60,156	37,698	33,803	60,262	22,846	33,165	-1,160	26,631	-29,991	580	-27,591	3,338	-44,756	187,541
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-19,473	60,156	37,698	33,803	60,262	22,846	33,165	-1,160	26,631	-29,991	580	-27,591	3,338	-44,756	187,541
Employee Costs	248,172	266,336	248,421	228,835	220,978	308,923	263,581	313,241	346,327	810,223	515,654	434,034	705,038	628,463	654,418
Number Of Employees	5	5	5	5	5	6	5	6	6	14	9	8	13	12	13
EBITDA*	67	79,581	48,615	47,151	79,933	33,118	43,131	62	33,930	-30,534	2,789	-27,688	4,405	-44,148	265,080

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	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	89,229	116,086	1,537	588	1,356	3,743	1,727	2,408	2,935	346	461	615	1,603	2,659	13,854
Intangible Assets	0	1,850	6,084	10,318	14,552	12,412	15,722	0	0	0	0	0	0	0	0
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	89,229	117,936	7,621	10,906	15,908	16,155	17,449	2,408	2,935	346	461	615	1,603	2,659	13,854
Stock & work in progress	16,268	18,701	7,458	9,370	6,335	12,255	6,481	17,102	4,680	10,000	15,200	21,032	34,400	8,620	164,381
Trade Debtors	90,103	56,263	85,312	72,258	140,710	151,202	155,360	163,509	81,005	310,591	162,014	136,287	236,153	216,390	218,121
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,820	14,979	23,218	41,654	1,256	1,256	1,223	16,371	2,013	0	0	0	0	0	0
Cash	260,274	216,409	272,042	255,685	208,794	114,277	101,738	152,600	231,530	43,197	220,142	219,506	214,629	202,709	13,488
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	384,465	306,352	388,030	378,967	357,095	278,990	264,802	349,582	319,228	363,788	397,356	376,825	485,182	427,719	395,990
total assets	473,694	424,288	395,651	389,873	373,003	295,145	282,251	351,990	322,163	364,134	397,817	377,440	486,785	430,378	409,844
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	48,770	1,022	45,685	76,309	91,976	74,152	35,783	149,003	83,453	274,942	278,611	258,783	340,339	287,032	220,972
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	59,713	31,335	45,811	46,167	49,929	49,752	98,381	87,911	122,369	0	0	0	0	0	0
total current liabilities	108,483	32,357	91,496	122,476	141,905	123,904	134,164	236,914	205,822	274,942	278,611	258,783	340,339	287,032	220,972
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	22,160	29,407	1,787	2,727	231	636	328	482	587	69	92	123	321	559	1,329
total long term liabilities	22,160	29,407	1,787	2,727	231	636	328	482	587	69	92	123	321	559	1,329
total liabilities	130,643	61,764	93,283	125,203	142,136	124,540	134,492	237,396	206,409	275,011	278,703	258,906	340,660	287,591	222,301
net assets	343,051	362,524	302,368	264,670	230,867	170,605	147,759	114,594	115,754	89,123	119,114	118,534	146,125	142,787	187,543
total shareholders funds	343,051	362,524	302,368	264,670	230,867	170,605	147,759	114,594	115,754	89,123	119,114	118,534	146,125	142,787	187,543

	May 2024	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	-31,390	69,218	43,902	41,500	74,236	27,395	40,309	-1,640	32,602	-30,649	-365	-28,676	3,349	-45,296	260,440
Depreciation	29,607	6,129	479	1,417	2,387	2,413	1,995	1,702	1,328	115	3,154	988	1,056	1,148	4,640
Amortisation	1,850	4,234	4,234	4,234	3,310	3,310	827	0	0	0	0	0	0	0	0
Tax	0	-20,052	-8,843	-7,929	-14,136	-5,359	-7,779	0	-6,658	0	-154	0	-1,054	0	-72,933
Stock	-2,433	11,243	-1,912	3,035	-5,920	5,774	-10,621	12,422	-5,320	-5,200	-5,832	-13,368	25,780	-155,761	164,381
Debtors	36,681	-37,288	-5,382	-28,054	-10,492	-4,125	-23,297	96,862	-227,573	148,577	25,727	-99,866	19,763	-1,731	218,121
Creditors	47,748	-44,663	-30,624	-15,667	17,824	38,369	-113,220	65,550	-191,489	-3,669	19,828	-81,556	53,307	66,060	220,972
Accruals and Deferred Income	28,378	-14,476	-356	-3,762	177	-48,629	10,470	-34,458	122,369	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,247	27,620	-940	2,496	-405	308	-154	-105	518	-23	-31	-198	-238	-770	1,329
Cash flow from operations	34,698	54,055	15,146	47,308	99,805	16,158	-33,634	-78,235	191,563	-177,603	2,537	3,792	10,877	178,634	31,946
Investing Activities
capital expenditure	-2,750	-120,678	-1,428	-649	-5,450	-4,429	-17,863	-1,175	-3,917	0	-3,000	0	0	10,047	-18,494
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,750	-120,678	-1,428	-649	-5,450	-4,429	-17,863	-1,175	-3,917	0	-3,000	0	0	10,047	-18,494
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	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	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	2
interest	11,917	10,990	2,639	232	162	810	636	480	687	658	1,099	1,085	1,043	540	34
cash flow from financing	11,917	10,990	2,639	232	162	810	636	480	687	658	1,099	1,085	1,043	540	36
cash and cash equivalents
cash	43,865	-55,633	16,357	46,891	94,517	12,539	-50,862	-78,930	188,333	-176,945	636	4,877	11,920	189,221	13,488
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	43,865	-55,633	16,357	46,891	94,517	12,539	-50,862	-78,930	188,333	-176,945	636	4,877	11,920	189,221	13,488

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASKELITE LTD group structure

Askelite Ltd has no subsidiary companies.

Ultimate parent company

ASKELITE LTD

03375484

ASKELITE LTD Shareholders

manpal singh manik	50%
sukhjit manik	50%

Askelite Ltd currently has 1 director, Manpal Manik serving since May 1997.

officer	country	age	start	end	role
Manpal Manik	United Kingdom	51 years	May 1997	-	Director

P&L

May 2024

turnover

527.7k

+53%

operating profit

-31.4k

gross margin

46.5%

-6.08%

turnover

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

Balance Sheet

May 2024

net assets

343.1k

-0.05%

total assets

473.7k

+0.12%

cash

260.3k

+0.2%

net assets

Total assets minus all liabilities

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company number

03375484

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

May 1997

accounts

Total Exemption Full

ultimate parent company

None

previous names

elite computer consultants limited (January 2009)

last accounts submitted

May 2024

address

6b, elite house forge lane, little aston, sutton coldfield, west midlands, B74 3BE

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.

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askelite ltd Company Information

askelite ltd Estimated Valuation

askelite ltd Estimated Valuation

askelite ltd Estimated Valuation

Askelite Ltd Overview

Askelite Ltd Health Check

ASKELITE LTD financials

askelite ltd Credit Report and Business Information

Askelite Ltd Competitor Analysis

askelite ltd Ownership

askelite ltd directors

askelite ltd company details

askelite ltd Charges & Mortgages

askelite ltd Companies House Filings - See Documents