It Action Limited

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it action limited Company Information

Live

MatureSmallHigh

Company Number

03770892

Next Accounts

Apr 2025

Industry

Business and domestic software development

Computer consultancy activities

Directors

Christopher Neale

Yogesh Patel

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Shareholders

bela yogesh patel & yogesh patel

christopher james neale

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Group Structure

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Contact

Registered Address

334 - 336, goswell road, london, EC1V 7RP

Website

www.itaction.com

it action limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of IT ACTION LIMITED at £1.4m based on Net Assets of £608.7k and 2.33x industry multiple (adjusted for liquidity).

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It Action Limited is a live company located in london, EC1V 7RP with a Companies House number of 03770892. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 1999, it's largest shareholder is bela yogesh patel & yogesh patel with a 62.5% stake. It Action Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.

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Pomanda's financial health check has awarded It Action Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.4%)

EXPORT

It Action Limited's latest turnover from July 2023 is estimated at £1.7 million and the company has net assets of £608.7 thousand. According to their latest financial statements, It Action Limited has 4 employees and maintains cash reserves of £151.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,680,810	1,155,829	936,464	903,460	1,433,388	1,981,369	1,626,438	1,155,715	1,636,468	888,973	525,860	737,919	836,085	611,395	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,109,312	938,421	614,260	575,079	933,352	1,294,442	1,028,283	713,618	1,017,738	552,140	317,196	434,966	499,705	360,232	0
Gross Profit	571,498	217,408	322,204	328,381	500,037	686,927	598,155	442,097	618,730	336,833	208,665	302,953	336,380	251,163	0
Admin Expenses	576,917	290,239	322,584	168,775	500,037	577,552	475,964	361,279	551,430	314,207	189,648	293,259	323,934	308,117	-296,556
Operating Profit	-5,419	-72,831	-380	159,606	0	109,375	122,191	80,818	67,300	22,626	19,017	9,694	12,446	-56,954	296,556
Interest Payable	2,178	1,168	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,596	0	380	190	0	0	191	631	321	407	393	380	447	312	187
Pre-Tax Profit	0	-73,999	0	159,796	0	109,375	122,381	81,449	67,621	23,033	19,410	10,074	12,893	-56,642	296,743
Tax	0	0	0	-30,361	0	-20,781	-23,252	-16,290	-13,524	-4,837	-4,464	-2,418	-3,352	0	-83,088
Profit After Tax	0	-73,999	0	129,435	0	88,594	99,129	65,159	54,097	18,196	14,946	7,656	9,541	-56,642	213,655
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	-73,999	0	129,435	0	88,594	99,129	65,159	54,097	18,196	14,946	7,656	9,541	-56,642	213,655
Employee Costs	246,988	117,518	215,163	202,934	447,619	621,531	545,702	389,445	498,383	277,405	210,186	265,481	259,115	200,215	0
Number Of Employees	4	4	4	4	8	11	10	7	9	5	4	5	5	4	0
EBITDA*	5,994	-61,418	7,106	167,092	0	109,375	122,191	98,576	88,765	42,430	32,612	25,001	26,596	-43,038	315,110

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	34,238	34,238	22,458	22,458	43,045	43,045	50,914	53,272	64,394	59,412	40,784	45,922	42,450	41,746	55,662
Intangible Assets	3,119	3,119	3,119	3,119	0	0	0	3,119	3,119	3,119	3,119	3,119	3,119	3,119	3,119
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	37,357	37,357	25,577	25,577	43,045	43,045	50,914	56,391	67,513	62,531	43,903	49,041	45,569	44,865	58,781
Stock & work in progress	920	920	98,302	98,302	0	0	0	118,300	473	4,879	5,699	0	0	0	0
Trade Debtors	948,859	905,761	530,813	530,813	785,281	785,281	618,668	330,936	462,923	237,161	135,722	190,184	213,156	153,573	176,455
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	43,098	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	151,927	151,927	379,976	379,976	0	0	0	152,552	99,803	28,643	134,292	23,031	128,919	49,812	74,847
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,101,706	1,101,706	1,009,091	1,009,091	785,281	785,281	618,668	601,788	563,199	270,683	275,713	213,215	342,075	203,385	251,302
total assets	1,139,063	1,139,063	1,034,668	1,034,668	828,326	828,326	669,582	658,179	630,712	333,214	319,616	262,256	387,644	248,250	310,083
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	490,748	153,059	325,802	325,802	313,995	313,995	243,845	316,471	354,163	110,762	115,360	72,946	205,990	76,137	96,328
Group/Directors Accounts	0	5,499	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	0	332,190	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	490,748	490,748	325,802	325,802	313,995	313,995	243,845	316,471	354,163	110,762	115,360	72,946	205,990	76,137	96,328
loans	0	39,594	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	39,594	0	50,000	50,000	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	39,594	39,594	50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	530,342	530,342	375,802	375,802	313,995	313,995	243,845	316,471	354,163	110,762	115,360	72,946	205,990	76,137	96,328
net assets	608,721	608,721	658,866	658,866	514,331	514,331	425,737	341,708	276,549	222,452	204,256	189,310	181,654	172,113	213,755
total shareholders funds	608,721	608,721	658,866	658,866	514,331	514,331	425,737	341,708	276,549	222,452	204,256	189,310	181,654	172,113	213,755

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-5,419	-72,831	-380	159,606	0	109,375	122,191	80,818	67,300	22,626	19,017	9,694	12,446	-56,954	296,556
Depreciation	11,413	11,413	7,486	7,486	0	0	0	17,758	21,465	19,804	13,595	15,307	14,150	13,916	18,554
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-30,361	0	-20,781	-23,252	-16,290	-13,524	-4,837	-4,464	-2,418	-3,352	0	-83,088
Stock	0	-97,382	0	98,302	0	0	-118,300	117,827	-4,406	-820	5,699	0	0	0	0
Debtors	0	418,046	0	-254,468	0	166,613	287,732	-131,987	225,762	101,439	-54,462	-22,972	59,583	-22,882	176,455
Creditors	337,689	-172,743	0	11,807	0	70,150	-72,626	-37,692	243,401	-4,598	42,414	-133,044	129,853	-20,191	96,328
Accruals and Deferred Income	-332,190	332,190	0	0	0	0	0	0	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	11,493	-222,635	7,106	304,704	0	-7,869	-143,119	58,754	97,286	-67,624	119,325	-87,489	93,514	-40,347	151,895
Investing Activities
capital expenditure	-11,413	-23,193	-7,486	9,982	0	7,869	5,477	-6,636	-26,447	-38,432	-8,457	-18,779	-14,854	0	-77,335
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-11,413	-23,193	-7,486	9,982	0	7,869	5,477	-6,636	-26,447	-38,432	-8,457	-18,779	-14,854	0	-77,335
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-5,499	5,499	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	-39,594	39,594	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	39,594	-50,000	0	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	23,854	0	15,100	0	0	-15,100	0	0	0	0	0	0	15,000	100
interest	5,418	-1,168	380	190	0	0	191	631	321	407	393	380	447	312	187
cash flow from financing	-81	17,779	380	65,290	0	0	-14,909	631	321	407	393	380	447	15,312	287
cash and cash equivalents
cash	0	-228,049	0	379,976	0	0	-152,552	52,749	71,160	-105,649	111,261	-105,888	79,107	-25,035	74,847
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-228,049	0	379,976	0	0	-152,552	52,749	71,160	-105,649	111,261	-105,888	79,107	-25,035	74,847

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IT ACTION LIMITED group structure

It Action Limited has no subsidiary companies.

Ultimate parent company

IT ACTION LIMITED

03770892

IT ACTION LIMITED Shareholders

bela yogesh patel & yogesh patel	62.5%
christopher james neale	25%
manish bhogilal ganatra	12.5%

It Action Limited currently has 3 directors. The longest serving directors include Mr Christopher Neale (Aug 1999) and Mr Yogesh Patel (Mar 2008).

officer	country	age	start	end	role
Mr Christopher Neale	England	60 years	Aug 1999	-	Director
Mr Yogesh Patel		64 years	Mar 2008	-	Director
Mr Manish Ganatra	United Kingdom	54 years	Nov 2013	-	Director

P&L

July 2023

turnover

1.7m

+45%

operating profit

-5.4k

gross margin

34.1%

+80.76%

turnover

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

Balance Sheet

July 2023

net assets

608.7k

total assets

1.1m

cash

151.9k

net assets

Total assets minus all liabilities

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company number

03770892

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62020 - Computer consultancy activities

incorporation date

May 1999

ultimate parent company

None

previous names

fortbyte limited (April 2001)

address

334 - 336, goswell road, london, EC1V 7RP

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 1 charges/mortgages relating to it action limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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it action limited Company Information

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it action limited Estimated Valuation

it action limited Estimated Valuation

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