itim group plc
itim group plc Company Information
Company Number
03486926
Website
www.itim.comRegistered Address
2nd floor atlas house, 173 victoria street, london, SW1E 5NH
Industry
Computer consultancy activities
Telephone
02075987700
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
undisclosed 100%
itim group plc Estimated Valuation
Pomanda estimates the enterprise value of ITIM GROUP PLC at £12.7m based on a Turnover of £16.1m and 0.79x industry multiple (adjusted for size and gross margin).
itim group plc Estimated Valuation
Pomanda estimates the enterprise value of ITIM GROUP PLC at £3.9m based on an EBITDA of £684k and a 5.65x industry multiple (adjusted for size and gross margin).
itim group plc Estimated Valuation
Pomanda estimates the enterprise value of ITIM GROUP PLC at £25.9m based on Net Assets of £11.5m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Itim Group Plc Overview
Itim Group Plc is a live company located in london, SW1E 5NH with a Companies House number of 03486926. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in December 1997, it's largest shareholder is undisclosed with a 100% stake. Itim Group Plc is a mature, mid sized company, Pomanda has estimated its turnover at £16.1m with healthy growth in recent years.
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Itim Group Plc Health Check
Pomanda's financial health check has awarded Itim Group Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £16.1m, make it larger than the average company (£2.3m)
£16.1m - Itim Group Plc
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8%)
11% - Itim Group Plc
8% - Industry AVG
Production
with a gross margin of 31.3%, this company has a higher cost of product (45.5%)
31.3% - Itim Group Plc
45.5% - Industry AVG
Profitability
an operating margin of -6.5% make it less profitable than the average company (6.5%)
-6.5% - Itim Group Plc
6.5% - Industry AVG
Employees
with 173 employees, this is above the industry average (17)
173 - Itim Group Plc
17 - Industry AVG
Pay Structure
on an average salary of £61.3k, the company has an equivalent pay structure (£59.9k)
£61.3k - Itim Group Plc
£59.9k - Industry AVG
Efficiency
resulting in sales per employee of £93.2k, this is less efficient (£136.1k)
£93.2k - Itim Group Plc
£136.1k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (61 days)
92 days - Itim Group Plc
61 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (27 days)
39 days - Itim Group Plc
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Itim Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (17 weeks)
15 weeks - Itim Group Plc
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.3%, this is a lower level of debt than the average (57.5%)
42.3% - Itim Group Plc
57.5% - Industry AVG
ITIM GROUP PLC financials
Itim Group Plc's latest turnover from December 2023 is £16.1 million and the company has net assets of £11.5 million. According to their latest financial statements, Itim Group Plc has 173 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,130,000 | 14,034,000 | 13,474,000 | 11,820,000 | 11,682,000 | 10,617,000 | 10,152,000 | 7,785,000 | 7,762,000 | 8,330,000 | 8,171,000 | 8,732,000 | 8,567,000 | 8,318,000 | 8,724,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,090,000 | 9,538,000 | 7,953,000 | 7,114,000 | 6,936,000 | 6,229,000 | 5,042,000 | 4,740,000 | 4,804,000 | 4,991,000 | 5,357,000 | 5,305,000 | 4,545,000 | 4,887,000 | 6,196,000 |
| Gross Profit | 5,040,000 | 4,496,000 | 5,521,000 | 4,706,000 | 4,746,000 | 4,388,000 | 5,110,000 | 3,045,000 | 2,958,000 | 3,339,000 | 2,814,000 | 3,427,000 | 4,022,000 | 3,431,000 | 2,528,000 |
| Admin Expenses | 6,096,000 | 5,726,000 | 4,519,000 | 4,063,000 | 4,326,000 | 3,997,000 | 4,248,000 | 3,679,000 | 3,607,000 | 3,101,000 | 4,060,000 | 3,820,000 | 3,662,000 | 3,394,000 | 3,593,000 |
| Operating Profit | -1,056,000 | -1,230,000 | 1,002,000 | 643,000 | 420,000 | 391,000 | 862,000 | -634,000 | -649,000 | 238,000 | -1,246,000 | -393,000 | 360,000 | 37,000 | -1,065,000 |
| Interest Payable | 41,000 | 45,000 | 67,000 | 114,000 | 209,000 | 123,000 | 170,000 | 403,000 | 216,000 | 249,000 | 225,000 | 256,000 | 327,000 | 221,000 | 213,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 1,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 3,000 | 1,000 | 3,000 |
| Pre-Tax Profit | -1,097,000 | -1,275,000 | 226,000 | 462,000 | 211,000 | 269,000 | 586,000 | 772,000 | -865,000 | -11,000 | -1,761,000 | -649,000 | 36,000 | -183,000 | -1,376,000 |
| Tax | 205,000 | 589,000 | 26,000 | 494,000 | 285,000 | 144,000 | 40,000 | 247,000 | 379,000 | 525,000 | 66,000 | 344,000 | 234,000 | 271,000 | 734,000 |
| Profit After Tax | -892,000 | -686,000 | 252,000 | 956,000 | 496,000 | 413,000 | 626,000 | 1,019,000 | -486,000 | 514,000 | -1,695,000 | -305,000 | 270,000 | 88,000 | -642,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -892,000 | -686,000 | 252,000 | 956,000 | 496,000 | 413,000 | 626,000 | 1,019,000 | -486,000 | 514,000 | -1,695,000 | -305,000 | 270,000 | 88,000 | -642,000 |
| Employee Costs | 10,609,000 | 9,799,000 | 8,086,000 | 7,611,000 | 6,892,000 | 6,009,000 | 5,076,000 | 4,729,000 | 4,353,000 | 3,996,000 | 5,056,000 | 5,245,000 | 5,414,000 | 4,624,000 | 4,757,000 |
| Number Of Employees | 173 | 174 | 160 | 157 | 129 | 114 | 103 | 100 | 114 | 114 | 121 | 103 | 102 | ||
| EBITDA* | 684,000 | 153,000 | 2,083,000 | 1,434,000 | 781,000 | 713,000 | 2,062,000 | 503,000 | 497,000 | 1,212,000 | -99,000 | 584,000 | 1,425,000 | 1,072,000 | -50,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 489,000 | 885,000 | 1,059,000 | 1,546,000 | 2,004,000 | 62,000 | 60,000 | 45,000 | 41,000 | 42,000 | 46,000 | 59,000 | 79,000 | 125,000 | 191,000 |
| Intangible Assets | 12,167,000 | 10,511,000 | 8,733,000 | 8,206,000 | 5,319,000 | 4,726,000 | 4,400,000 | 5,086,000 | 6,038,000 | 6,673,000 | 7,519,000 | 7,776,000 | 8,023,000 | 7,831,000 | 7,890,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 13,000 | 164,000 | 65,000 | 298,000 | 182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,656,000 | 11,396,000 | 9,727,000 | 9,454,000 | 7,141,000 | 4,788,000 | 4,460,000 | 5,131,000 | 6,079,000 | 6,715,000 | 7,565,000 | 7,835,000 | 8,102,000 | 7,956,000 | 8,081,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,075,000 | 2,925,000 | 2,133,000 | 2,369,000 | 1,646,000 | 1,593,000 | 1,771,000 | 745,000 | 757,000 | 776,000 | 819,000 | 1,246,000 | 941,000 | 705,000 | 934,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,310,000 | 1,678,000 | 1,569,000 | 1,123,000 | 878,000 | 644,000 | 934,000 | 601,000 | 687,000 | 673,000 | 539,000 | 1,206,000 | 1,092,000 | 1,488,000 | 791,000 |
| Cash | 1,930,000 | 3,922,000 | 6,172,000 | 2,127,000 | 1,390,000 | 988,000 | 1,044,000 | 497,000 | 678,000 | 568,000 | 561,000 | 774,000 | 377,000 | 410,000 | 1,470,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,315,000 | 8,525,000 | 9,874,000 | 5,619,000 | 4,320,000 | 3,225,000 | 3,749,000 | 1,843,000 | 2,122,000 | 2,017,000 | 1,919,000 | 3,226,000 | 2,410,000 | 2,603,000 | 3,195,000 |
| total assets | 19,971,000 | 19,921,000 | 19,601,000 | 15,073,000 | 11,461,000 | 8,013,000 | 8,209,000 | 6,974,000 | 8,201,000 | 8,732,000 | 9,484,000 | 11,061,000 | 10,512,000 | 10,559,000 | 11,276,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 938,000 | 1,027,000 | 1,076,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,189,000 | 818,000 | 687,000 | 592,000 | 618,000 | 405,000 | 323,000 | 261,000 | 361,000 | 347,000 | 419,000 | 396,000 | 524,000 | 920,000 | 885,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 302,000 | 318,000 | 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 | 7,000 | 28,000 | 28,000 |
| other current liabilities | 5,194,000 | 4,937,000 | 4,821,000 | 4,226,000 | 1,326,000 | 532,000 | 572,000 | 487,000 | 465,000 | 502,000 | 694,000 | 688,000 | 669,000 | 737,000 | 819,000 |
| total current liabilities | 6,685,000 | 6,073,000 | 5,508,000 | 4,818,000 | 1,944,000 | 937,000 | 895,000 | 748,000 | 826,000 | 849,000 | 1,113,000 | 1,084,000 | 2,138,000 | 2,712,000 | 2,808,000 |
| loans | 795,000 | 201,000 | 434,000 | 8,022,000 | 3,254,000 | 3,860,000 | 4,614,000 | 4,708,000 | 8,880,000 | 9,494,000 | 0 | 0 | 0 | 0 | 765,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 35,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 2,433,000 | 2,079,000 | 2,355,000 | 1,934,000 | 1,822,000 | 1,822,000 | 2,902,000 | 2,844,000 | 0 | 2,246,000 | 2,987,000 |
| other liabilities | 347,000 | 540,000 | 176,000 | 729,000 | 1,371,000 | 0 | 0 | 0 | 0 | 0 | 4,760,000 | 4,711,000 | 3,273,000 | 3,240,000 | 2,546,000 |
| provisions | 1,230,000 | 1,260,000 | 1,004,000 | 1,002,000 | 364,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,757,000 | 1,371,000 | 1,112,000 | 5,241,000 | 5,613,000 | 4,009,000 | 4,662,000 | 4,288,000 | 6,262,000 | 6,569,000 | 7,662,000 | 7,555,000 | 3,273,000 | 5,493,000 | 6,333,000 |
| total liabilities | 8,442,000 | 7,444,000 | 6,620,000 | 10,059,000 | 7,557,000 | 4,946,000 | 5,557,000 | 5,036,000 | 7,088,000 | 7,418,000 | 8,775,000 | 8,639,000 | 5,411,000 | 8,205,000 | 9,141,000 |
| net assets | 11,529,000 | 12,477,000 | 12,981,000 | 5,014,000 | 3,904,000 | 3,067,000 | 2,652,000 | 1,938,000 | 1,113,000 | 1,314,000 | 709,000 | 2,422,000 | 5,101,000 | 2,354,000 | 2,135,000 |
| total shareholders funds | 11,529,000 | 12,477,000 | 12,981,000 | 5,014,000 | 3,904,000 | 3,067,000 | 2,652,000 | 1,938,000 | 1,113,000 | 1,314,000 | 709,000 | 2,422,000 | 5,101,000 | 2,354,000 | 2,135,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,056,000 | -1,230,000 | 1,002,000 | 643,000 | 420,000 | 391,000 | 862,000 | -634,000 | -649,000 | 238,000 | -1,246,000 | -393,000 | 360,000 | 37,000 | -1,065,000 |
| Depreciation | 594,000 | 494,000 | 335,000 | 276,000 | 50,000 | 37,000 | 25,000 | 29,000 | 95,000 | 32,000 | 42,000 | 57,000 | 164,000 | 107,000 | 130,000 |
| Amortisation | 1,146,000 | 889,000 | 746,000 | 515,000 | 311,000 | 285,000 | 1,175,000 | 1,108,000 | 1,051,000 | 942,000 | 1,105,000 | 920,000 | 901,000 | 928,000 | 885,000 |
| Tax | 205,000 | 589,000 | 26,000 | 494,000 | 285,000 | 144,000 | 40,000 | 247,000 | 379,000 | 525,000 | 66,000 | 344,000 | 234,000 | 271,000 | 734,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 631,000 | 1,000,000 | -23,000 | 1,084,000 | 469,000 | -468,000 | 1,359,000 | -98,000 | -5,000 | 91,000 | -1,094,000 | 419,000 | -160,000 | 468,000 | 1,725,000 |
| Creditors | 371,000 | 131,000 | 95,000 | -26,000 | 213,000 | 82,000 | 62,000 | -100,000 | 14,000 | -72,000 | 23,000 | -128,000 | -396,000 | 35,000 | 885,000 |
| Accruals and Deferred Income | 257,000 | 116,000 | 595,000 | 467,000 | 1,148,000 | -316,000 | 506,000 | 134,000 | -37,000 | -1,272,000 | 64,000 | 2,863,000 | -2,314,000 | -823,000 | 3,806,000 |
| Deferred Taxes & Provisions | -30,000 | 256,000 | 2,000 | 638,000 | 364,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 856,000 | 245,000 | 2,824,000 | 1,923,000 | 2,322,000 | 1,091,000 | 1,311,000 | 882,000 | 858,000 | 302,000 | 1,148,000 | 3,244,000 | -891,000 | 87,000 | 3,650,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -734,000 | -715,000 | -1,210,000 | -965,000 | -1,100,000 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -12,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -734,000 | -715,000 | -1,210,000 | -965,000 | -1,100,000 | ||||||||||
| 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 | -16,000 | 318,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 594,000 | -233,000 | -7,588,000 | 4,768,000 | -606,000 | -754,000 | -94,000 | -4,172,000 | -614,000 | 9,494,000 | 0 | 0 | 0 | -765,000 | 765,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | -28,000 | -28,000 | 63,000 |
| other long term liabilities | -193,000 | 364,000 | -553,000 | -642,000 | 1,371,000 | 0 | 0 | 0 | 0 | -4,760,000 | 49,000 | 1,438,000 | 33,000 | 694,000 | 2,546,000 |
| share issue | |||||||||||||||
| interest | -41,000 | -45,000 | -67,000 | -114,000 | -209,000 | -122,000 | -149,000 | -403,000 | -216,000 | -249,000 | -225,000 | -256,000 | -324,000 | -220,000 | -210,000 |
| cash flow from financing | 288,000 | 586,000 | -493,000 | 4,166,000 | 897,000 | -874,000 | -155,000 | -4,769,000 | -545,000 | 4,576,000 | -194,000 | -1,199,000 | 2,158,000 | -188,000 | 5,941,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,992,000 | -2,250,000 | 4,045,000 | 737,000 | 402,000 | -56,000 | 547,000 | -181,000 | 110,000 | 7,000 | -213,000 | 397,000 | -33,000 | -1,060,000 | 1,470,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -938,000 | -89,000 | -49,000 | 1,076,000 |
| change in cash | -1,992,000 | -2,250,000 | 4,045,000 | 737,000 | 402,000 | -56,000 | 547,000 | -181,000 | 110,000 | 7,000 | -213,000 | 1,335,000 | 56,000 | -1,011,000 | 394,000 |
itim group plc Credit Report and Business Information
Itim Group Plc Competitor Analysis
Perform a competitor analysis for itim group plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in SW1E area or any other competitors across 12 key performance metrics.
itim group plc Ownership
ITIM GROUP PLC group structure
Itim Group Plc has 2 subsidiary companies.
Ultimate parent company
ITIM GROUP PLC
03486926
2 subsidiaries
itim group plc directors
Itim Group Plc currently has 7 directors. The longest serving directors include Mr Mahmood Athar (Mar 1998) and Mr Robert Frosell (Oct 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mahmood Athar | 69 years | Mar 1998 | - | Director | |
| Mr Robert Frosell | England | 75 years | Oct 2001 | - | Director |
| Mr Ian Hayes | England | 60 years | Mar 2006 | - | Director |
| Mr Michael Jackson | England | 74 years | Jan 2015 | - | Director |
| Mrs Sandra Ribeiro | 49 years | Oct 2017 | - | Director | |
| Mr Lee Williams | 56 years | Jun 2021 | - | Director | |
| Mr Damian Hopkins | 53 years | Feb 2023 | - | Director |
P&L
December 2023turnover
16.1m
+15%
operating profit
-1.1m
-14%
gross margin
31.3%
-2.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.5m
-0.08%
total assets
20m
0%
cash
1.9m
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
itim group plc company details
company number
03486926
Type
Public limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
December 1997
age
27
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
itim group limited (June 2021)
itim group plc (December 2002)
See moreaccountant
-
auditor
RPG CROUCH CHAPMAN LLP
address
2nd floor atlas house, 173 victoria street, london, SW1E 5NH
Bank
BARCLAYS BANK PLC
Legal Advisor
DMH STALLARDS
itim group plc 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 7 charges/mortgages relating to itim group plc. Currently there are 2 open charges and 5 have been satisfied in the past.
itim group plc Companies House Filings - See Documents
| date | description | view/download |
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