Mightyit Limited

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mightyit limited Company Information

Live

MatureMicroLow

Company Number

03425830

Website

www.mightyit.com

Registered Address

19-21 middle row, stevenage, hertfordshire, SG1 3AW

Industry

Computer consultancy activities

Telephone

02083557130

Next Accounts Due

May 2025

Group Structure

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Directors

Ian Thomas26 Years

Francesca Thomas8 Years

Shareholders

ian paul thomas 50%

francesca thomas 50%

mightyit limited Estimated Valuation

£94.8k

Pomanda estimates the enterprise value of MIGHTYIT LIMITED at £94.8k based on a Turnover of £136.3k and 0.7x industry multiple (adjusted for size and gross margin).

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Mightyit Limited is a live company located in hertfordshire, SG1 3AW with a Companies House number of 03425830. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 1997, it's largest shareholder is ian paul thomas with a 50% stake. Mightyit Limited is a mature, micro sized company, Pomanda has estimated its turnover at £136.3k with low growth in recent years.

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Pomanda's financial health check has awarded Mightyit Limited a 2 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 Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £136.3k, make it smaller than the average company (£842.9k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.2%)

EXPORT

Mightyit Limited's latest turnover from August 2023 is estimated at £136.3 thousand and the company has net assets of £6.4 thousand. According to their latest financial statements, Mightyit Limited has 3 employees and maintains cash reserves of £13.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	136,264	129,741	122,305	127,450	130,613	134,875	131,618	80,020	49,893	116,694	93,596	107,023	91,350	111,786	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	69,807	67,955	63,523	60,880	61,613	60,061	54,259	32,014	19,620	43,658	32,394	37,318	35,038	40,552	0
Gross Profit	66,457	61,785	58,782	66,570	69,000	74,813	77,359	48,006	30,273	73,036	61,202	69,705	56,312	71,234	0
Admin Expenses	61,037	62,553	58,423	64,175	74,214	83,010	104,476	67,247	42,340	75,064	76,858	74,189	61,532	75,884	-139,316
Operating Profit	5,420	-768	359	2,395	-5,214	-8,197	-27,117	-19,241	-12,067	-2,028	-15,656	-4,484	-5,220	-4,650	139,316
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	764	288	16	13	96	115	79	145	380	444	489	513	525	571	307
Pre-Tax Profit	6,184	-480	375	2,409	-5,118	-8,082	-27,038	-19,096	-11,687	-1,584	-15,167	-3,971	-4,695	-4,079	139,622
Tax	-1,546	0	-71	-458	0	0	0	0	0	0	0	0	0	0	-39,094
Profit After Tax	4,638	-480	304	1,951	-5,118	-8,082	-27,038	-19,096	-11,687	-1,584	-15,167	-3,971	-4,695	-4,079	100,528
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,638	-480	304	1,951	-5,118	-8,082	-27,038	-19,096	-11,687	-1,584	-15,167	-3,971	-4,695	-4,079	100,528
Employee Costs	160,365	151,613	141,576	132,156	151,351	161,782	153,135	57,477	57,239	57,678	54,369	54,071	53,674	51,394	0
Number Of Employees	3	3	3	3	3	3	3	1	1	1	1	1	1	1	0
EBITDA*	5,773	-728	2,264	4,710	-4,524	-7,527	-25,932	-18,114	-11,347	-1,132	-13,192	-1,541	-3,115	-2,401	141,592

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	697	111	151	1,894	1,116	974	1,644	1,903	1,331	741	1,180	3,145	4,117	3,190	3,952
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	697	111	151	1,894	1,116	974	1,644	1,903	1,331	741	1,180	3,145	4,117	3,190	3,952
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	8,589	8,748	8,433	10,747	10,846	9,498	10,874	15,601	6,472	16,528	11,254	14,188	11,286	15,753	14,904
Group Debtors	0	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	0
Cash	13,861	16,695	16,257	15,751	10,831	14,647	16,140	46,790	68,846	83,130	94,427	101,219	104,165	105,912	122,651
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,450	25,443	24,690	26,498	21,677	24,145	27,014	62,391	75,318	99,658	105,681	115,407	115,451	121,665	137,555
total assets	23,147	25,554	24,841	28,392	22,793	25,119	28,658	64,294	76,649	100,399	106,861	118,552	119,568	124,855	141,507
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	24	23	23	23	22	77	26	71	17,302	29,365	34,243	30,767	27,812	28,404	40,977
Group/Directors Accounts	0	7,500	7,500	5,000	5,000	1,000	0	6,005	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	16,697	16,243	15,050	21,405	17,758	18,911	15,419	17,967	0	0	0	0	0	0	0
total current liabilities	16,721	23,766	22,573	26,428	22,780	19,988	15,445	24,043	17,302	29,365	34,243	30,767	27,812	28,404	40,977
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	16,721	23,766	22,573	26,428	22,780	19,988	15,445	24,043	17,302	29,365	34,243	30,767	27,812	28,404	40,977
net assets	6,426	1,788	2,268	1,964	13	5,131	13,213	40,251	59,347	71,034	72,618	87,785	91,756	96,451	100,530
total shareholders funds	6,426	1,788	2,268	1,964	13	5,131	13,213	40,251	59,347	71,034	72,618	87,785	91,756	96,451	100,530

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	5,420	-768	359	2,395	-5,214	-8,197	-27,117	-19,241	-12,067	-2,028	-15,656	-4,484	-5,220	-4,650	139,316
Depreciation	353	40	1,905	2,315	690	670	1,185	1,127	720	896	2,464	2,943	2,105	2,249	2,276
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,546	0	-71	-458	0	0	0	0	0	0	0	0	0	0	-39,094
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-159	315	-2,314	-99	1,348	-1,376	-4,727	9,129	-10,056	5,274	-2,934	2,902	-4,467	849	14,904
Creditors	1	0	0	1	-55	51	-45	-17,231	-12,063	-4,878	3,476	2,955	-592	-12,573	40,977
Accruals and Deferred Income	454	1,193	-6,355	3,647	-1,153	3,492	-2,548	17,967	0	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	4,841	150	-1,848	7,999	-7,080	-2,608	-23,798	-26,507	-13,354	-11,284	-6,782	-1,488	760	-15,823	128,571
Investing Activities
capital expenditure	-939	0	-162	-3,093	-832	0	-926	-1,699	-1,310	-457	-499	-1,971	-3,032	-1,487	-6,228
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-939	0	-162	-3,093	-832	0	-926	-1,699	-1,310	-457	-499	-1,971	-3,032	-1,487	-6,228
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-7,500	0	2,500	0	4,000	1,000	-6,005	6,005	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	764	288	16	13	96	115	79	145	380	444	489	513	525	571	307
cash flow from financing	-6,736	288	2,516	13	4,096	1,115	-5,926	6,150	380	444	489	513	525	571	309
cash and cash equivalents
cash	-2,834	438	506	4,920	-3,816	-1,493	-30,650	-22,056	-14,284	-11,297	-6,792	-2,946	-1,747	-16,739	122,651
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,834	438	506	4,920	-3,816	-1,493	-30,650	-22,056	-14,284	-11,297	-6,792	-2,946	-1,747	-16,739	122,651

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIGHTYIT LIMITED group structure

Mightyit Limited has no subsidiary companies.

Ultimate parent company

MIGHTYIT LIMITED

03425830

MIGHTYIT LIMITED Shareholders

ian paul thomas	50%
francesca thomas	50%

Mightyit Limited currently has 2 directors. The longest serving directors include Mr Ian Thomas (Nov 1997) and Mrs Francesca Thomas (Dec 2015).

officer	country	age	start	end	role
Mr Ian Thomas		66 years	Nov 1997	-	Director
Mrs Francesca Thomas	United Kingdom	69 years	Dec 2015	-	Director

P&L

August 2023

turnover

136.3k

+5%

operating profit

5.4k

gross margin

48.8%

+2.41%

turnover

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

Balance Sheet

August 2023

net assets

6.4k

+2.59%

total assets

23.1k

-0.09%

cash

13.9k

-0.17%

net assets

Total assets minus all liabilities

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company number

03425830

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

August 1997

ultimate parent company

None

previous names

marine grange limited (December 1997)

address

19-21 middle row, stevenage, hertfordshire, SG1 3AW

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mightyit limited Company Information

mightyit limited Estimated Valuation

mightyit limited Estimated Valuation

mightyit limited Estimated Valuation

Mightyit Limited Overview

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MIGHTYIT LIMITED financials

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