vertex it solutions limited
vertex it solutions limited Company Information
Company Number
04089374
Next Accounts
2 days late
Shareholders
mtr1000 ltd
Group Structure
View All
Industry
Computer consultancy activities
+1Registered Address
genesis house 1 & 2 the grange, high street, westerham, kent, TN16 1AH
Website
www.vertex-it-solutions.comvertex it solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VERTEX IT SOLUTIONS LIMITED at £1.7m based on a Turnover of £2.9m and 0.56x industry multiple (adjusted for size and gross margin).
vertex it solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VERTEX IT SOLUTIONS LIMITED at £750k based on an EBITDA of £192.7k and a 3.89x industry multiple (adjusted for size and gross margin).
vertex it solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VERTEX IT SOLUTIONS LIMITED at £2m based on Net Assets of £902.6k and 2.27x industry multiple (adjusted for liquidity).
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Vertex It Solutions Limited Overview
Vertex It Solutions Limited is a live company located in westerham, TN16 1AH with a Companies House number of 04089374. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2000, it's largest shareholder is mtr1000 ltd with a 100% stake. Vertex It Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with high growth in recent years.
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Vertex It Solutions Limited Health Check
Pomanda's financial health check has awarded Vertex It Solutions 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
5 Strong
1 Regular
5 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£4m)
- Vertex It Solutions Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.3%)
- Vertex It Solutions Limited
6.3% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (49.4%)
- Vertex It Solutions Limited
49.4% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (5.1%)
- Vertex It Solutions Limited
5.1% - Industry AVG
Employees
with 7 employees, this is below the industry average (27)
7 - Vertex It Solutions Limited
27 - Industry AVG
Pay Structure
on an average salary of £64k, the company has an equivalent pay structure (£64k)
- Vertex It Solutions Limited
£64k - Industry AVG
Efficiency
resulting in sales per employee of £420.7k, this is more efficient (£149.4k)
- Vertex It Solutions Limited
£149.4k - Industry AVG
Debtor Days
it gets paid by customers after 182 days, this is later than average (59 days)
- Vertex It Solutions Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (32 days)
- Vertex It Solutions Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Vertex It Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Vertex It Solutions Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41%, this is a lower level of debt than the average (60.7%)
41% - Vertex It Solutions Limited
60.7% - Industry AVG
VERTEX IT SOLUTIONS LIMITED financials
Vertex It Solutions Limited's latest turnover from June 2023 is estimated at £2.9 million and the company has net assets of £902.6 thousand. According to their latest financial statements, Vertex It Solutions Limited has 7 employees and maintains cash reserves of £54.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 8 | 8 | 8 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | ||||||||||||||
| Stock & work in progress | 15,000 | |||||||||||||
| Trade Debtors | 1,475,105 | 1,426,141 | 1,605,388 | 924,276 | 1,047,103 | 1,973,372 | 1,766,647 | 1,506,074 | 1,780,378 | 1,703,099 | 1,896,242 | 1,154,037 | 347,765 | 193,841 |
| Group Debtors | ||||||||||||||
| Misc Debtors | ||||||||||||||
| Cash | 54,395 | 73,776 | 51,719 | 171,389 | 103,046 | 36,415 | 26,938 | 27,980 | 63,001 | 71,286 | 158,335 | 14,444 | ||
| misc current assets | ||||||||||||||
| total current assets | 1,529,500 | 1,499,917 | 1,657,107 | 1,095,665 | 1,047,103 | 2,076,418 | 1,803,062 | 1,533,012 | 1,808,358 | 1,766,100 | 1,967,528 | 1,312,372 | 362,209 | 208,841 |
| total assets | 1,529,500 | 1,499,917 | 1,657,107 | 1,095,665 | 1,047,103 | 2,076,418 | 1,803,062 | 1,533,012 | 1,808,358 | 1,766,100 | 1,967,528 | 1,312,372 | 362,209 | 208,841 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 473,534 | 548,901 | 856,681 | 511,265 | 561,933 | 1,549,958 | 1,280,389 | 959,669 | 1,273,820 | 1,229,559 | 1,305,904 | 930,731 | 361,777 | 292,905 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | ||||||||||||||
| total current liabilities | 473,534 | 548,901 | 856,681 | 511,265 | 561,933 | 1,549,958 | 1,280,389 | 959,669 | 1,273,820 | 1,229,559 | 1,305,904 | 930,731 | 361,777 | 292,905 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 153,363 | 195,363 | 157,936 | 59,418 | ||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 153,363 | 195,363 | 157,936 | 59,418 | ||||||||||
| total liabilities | 626,897 | 744,264 | 1,014,617 | 570,683 | 561,933 | 1,549,958 | 1,280,389 | 959,669 | 1,273,820 | 1,229,559 | 1,305,904 | 930,731 | 361,777 | 292,905 |
| net assets | 902,603 | 755,653 | 642,490 | 524,982 | 485,170 | 526,460 | 522,673 | 573,343 | 534,538 | 536,541 | 661,624 | 381,641 | 432 | -84,064 |
| total shareholders funds | 902,603 | 755,653 | 642,490 | 524,982 | 485,170 | 526,460 | 522,673 | 573,343 | 534,538 | 536,541 | 661,624 | 381,641 | 432 | -84,064 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -15,000 | 15,000 | ||||||||||||
| Debtors | 48,964 | -179,247 | 681,112 | -122,827 | -926,269 | 206,725 | 260,573 | -274,304 | 77,279 | -193,143 | 742,205 | 1,154,037 | 153,924 | 193,841 |
| Creditors | -75,367 | -307,780 | 345,416 | -50,668 | -988,025 | 269,569 | 320,720 | -314,151 | 44,261 | -76,345 | 375,173 | 930,731 | 68,872 | 292,905 |
| Accruals and Deferred Income | ||||||||||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -42,000 | 37,427 | 98,518 | 59,418 | ||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -19,381 | 22,057 | -119,670 | 171,389 | -103,046 | 66,631 | 9,477 | -1,042 | -35,021 | -8,285 | -87,049 | 158,335 | 14,444 | |
| overdraft | ||||||||||||||
| change in cash | -19,381 | 22,057 | -119,670 | 171,389 | -103,046 | 66,631 | 9,477 | -1,042 | -35,021 | -8,285 | -87,049 | 158,335 | 14,444 |
vertex it solutions limited Credit Report and Business Information
Vertex It Solutions Limited Competitor Analysis
Perform a competitor analysis for vertex it solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in TN16 area or any other competitors across 12 key performance metrics.
vertex it solutions limited Ownership
VERTEX IT SOLUTIONS LIMITED group structure
Vertex It Solutions Limited has no subsidiary companies.
vertex it solutions limited directors
Vertex It Solutions Limited currently has 2 directors. The longest serving directors include Mr Anthony Cook (Oct 2000) and Mr Mark Jeffcoat (Oct 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Cook | 53 years | Oct 2000 | - | Director | |
| Mr Mark Jeffcoat | England | 60 years | Oct 2000 | - | Director |
P&L
June 2023turnover
2.9m
0%
operating profit
192.7k
0%
gross margin
26%
-4.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
902.6k
+0.19%
total assets
1.5m
+0.02%
cash
54.4k
-0.26%
net assets
Total assets minus all liabilities
vertex it solutions limited company details
company number
04089374
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62090 - Other information technology and computer service activities
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
June 2023
previous names
elderby limited (November 2000)
accountant
-
auditor
-
address
genesis house 1 & 2 the grange, high street, westerham, kent, TN16 1AH
Bank
-
Legal Advisor
-
vertex it solutions 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 8 charges/mortgages relating to vertex it solutions limited. Currently there are 2 open charges and 6 have been satisfied in the past.
vertex it solutions limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for VERTEX IT SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
vertex it solutions limited Companies House Filings - See Documents
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