Adage Systems It Limited

POWER SEARCH PRICING

SOLUTIONS

adage systems it limited Company Information

Live

MatureMicroDeclining

Company Number

04351525

Website

Registered Address

79 riverside road, sidcup, DA14 4PT

Industry

Other information technology and computer service activities

Computer facilities management activities

View All

Telephone

Next Accounts Due

October 2024

Group Structure

View All

Directors

Solomon Mela22 Years

Shareholders

solomon makululu 100%

adage systems it limited Estimated Valuation

£1.6k

Pomanda estimates the enterprise value of ADAGE SYSTEMS IT LIMITED at £1.6k based on a Turnover of £2.7k and 0.6x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Adage Systems It Limited is a live company located in sidcup, DA14 4PT with a Companies House number of 04351525. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2002, it's largest shareholder is solomon makululu with a 100% stake. Adage Systems It Limited is a mature, micro sized company, Pomanda has estimated its turnover at £2.7k with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Adage Systems It Limited a 1.5 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 Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £2.7k, make it smaller than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (6.4%)

EXPORT

Adage Systems It Limited's latest turnover from January 2023 is estimated at £2.7 thousand and the company has net assets of -£4 thousand. According to their latest financial statements, we estimate that Adage Systems It Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,740	3,379	59,017	12,313	94,207	92,007	0	1,819	991	545	2	12,459	4,413	35,666
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,964	2,410	42,492	8,857	68,251	65,457	0	1,315	722	389	1	3,846	2,979	14,956
Gross Profit	776	969	16,525	3,456	25,956	26,550	0	504	269	157	1	8,613	1,434	20,710
Admin Expenses	1,520	1,998	21,303	-1,296	28,856	128,068	-135,376	216	670	220	783	8,300	-2,072	15,112
Operating Profit	-744	-1,029	-4,778	4,752	-2,900	-101,518	135,376	288	-401	-63	-782	313	3,506	5,598
Interest Payable	0	0	0	30	30	4,093	3,936	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	63	32	3	1	1	2	0	2	0
Pre-Tax Profit	-744	-1,029	-4,778	4,722	-2,930	-105,549	131,473	291	-400	-62	-780	440	3,508	4,032
Tax	0	0	0	-897	0	0	-26,294	-58	0	0	0	-92	-982	0
Profit After Tax	-744	-1,029	-4,778	3,825	-2,930	-105,549	105,178	233	-400	-62	-780	348	2,526	4,032
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-744	-1,029	-4,778	3,825	-2,930	-105,549	105,178	233	-400	-62	-780	348	2,526	4,032
Employee Costs	57,186	54,153	51,369	49,752	158,680	152,462	0	52,845	52,368	49,222	47,129	2,498	45,924	10,860
Number Of Employees	1	1	1	1	3	3	0	1	1	1	1	1	1	1
EBITDA*	-744	-1,029	-4,778	4,752	-2,452	-101,518	138,706	1,126	263	601	722	1,293	5,596	6,919

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	98	98	98	98	98	546	6,463	1,444	1,089	1,753	2,417	3,921	5,425	3,815
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	191,004	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	10,619	855	855	855	0	0	0	0
Total Fixed Assets	98	98	98	98	98	546	208,086	2,299	1,944	2,608	2,417	3,921	5,425	3,815
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	974	0
Trade Debtors	282	551	19,512	3,704	855	2,061	0	0	0	0	0	0	0	0
Group Debtors	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
Cash	0	0	0	113	0	0	25,038	752	368	130	358	265	269	721
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	282	551	19,512	3,817	855	2,061	25,038	752	368	130	358	265	1,243	721
total assets	380	649	19,610	3,915	953	2,607	233,124	3,051	2,312	2,738	2,775	4,186	6,668	4,536
Bank overdraft	0	0	0	0	899	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
Trade Creditors	3,455	3,455	20,912	0	0	0	0	1,047	541	301	1	632	0	1,021
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	125,944	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	1,387	1,351	976	0	0	0	0	0	0	906	862
total current liabilities	3,455	3,455	20,912	1,387	2,250	976	125,944	1,047	541	301	1	632	906	1,883
loans	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
Accruals and Deferred Income	950	475	950	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	266	541	541	583	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	950	475	950	0	0	0	0	0	0	266	541	541	583	0
total liabilities	4,405	3,930	21,862	1,387	2,250	976	125,944	1,047	541	567	542	1,173	1,489	1,883
net assets	-4,025	-3,281	-2,252	2,528	-1,297	1,631	107,180	2,004	1,771	2,171	2,233	3,013	5,179	2,653
total shareholders funds	-4,025	-3,281	-2,252	2,528	-1,297	1,631	107,180	2,004	1,771	2,171	2,233	3,013	5,179	2,653

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-744	-1,029	-4,778	4,752	-2,900	-101,518	135,376	288	-401	-63	-782	313	3,506	5,598
Depreciation	0	0	0	0	448	0	3,330	838	664	664	1,504	980	2,090	1,321
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-897	0	0	-26,294	-58	0	0	0	-92	-982	0
Stock	0	0	0	0	0	0	0	0	0	0	0	-974	974	0
Debtors	-269	-18,961	15,808	2,849	-1,206	-8,558	9,764	0	0	855	0	0	0	0
Creditors	0	-17,457	20,912	0	0	0	-1,047	506	240	300	-631	632	-1,021	1,021
Accruals and Deferred Income	475	-475	-437	36	375	976	0	0	0	0	0	-906	44	862
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	-111	1,042	-871	-91,984	101,601	1,574	503	46	91	1,901	2,663	8,802
Investing Activities
capital expenditure	0	0	0	0	0	5,917	-8,349	-1,193	0	0	0	524	-3,700	-5,136
Change in Investments	0	0	0	0	0	-191,004	191,004	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	196,921	-199,353	-1,193	0	0	0	524	-3,700	-5,136
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	-125,944	125,944	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	-266	-275	0	-42	583	0
share issue	0	0	-2	0	2	0	-2	0	0	0	0	-2,514	0	-1,379
interest	0	0	0	-30	-30	-4,030	-3,904	3	1	1	2	0	2	0
cash flow from financing	0	0	-2	-30	-28	-129,974	122,038	3	-265	-274	2	-2,556	585	-1,379
cash and cash equivalents
cash	0	0	-113	113	0	-25,038	24,286	384	238	-228	93	-4	-452	721
overdraft	0	0	0	-899	899	0	0	0	0	0	0	0	0	0
change in cash	0	0	-113	1,012	-899	-25,038	24,286	384	238	-228	93	-4	-452	721

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for adage systems it limited. Get real-time insights into adage systems it limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for adage systems it limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in DA14 area or any other competitors across 12 key performance metrics.

ADAGE SYSTEMS IT LIMITED group structure

Adage Systems It Limited has no subsidiary companies.

Ultimate parent company

ADAGE SYSTEMS IT LIMITED

04351525

ADAGE SYSTEMS IT LIMITED Shareholders

solomon makululu

100%

Adage Systems It Limited currently has 1 director, Mr Solomon Mela serving since Jan 2002.

officer	country	age	start	end	role
Mr Solomon Mela	England	56 years	Jan 2002	-	Director

P&L

January 2023

turnover

2.7k

-19%

operating profit

-744

gross margin

28.4%

-1.24%

turnover

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

Balance Sheet

January 2023

net assets

-4k

+0.23%

total assets

380

-0.41%

cash

net assets

Total assets minus all liabilities

Similar Companies

affordable tech limited

rands it consultancy limited

zintel technologies ltd

1.5

sigmata solutions limited

1.5

dam consultancy ltd

company number

04351525

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

62030 - Computer facilities management activities

incorporation date

January 2002

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

January 2023

address

79 riverside road, sidcup, DA14 4PT

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 did not find charges/mortgages relating to adage systems it limited.

adage systems it limited Company Information

adage systems it limited Estimated Valuation

adage systems it limited Estimated Valuation

adage systems it limited Estimated Valuation

Adage Systems It Limited Overview

Adage Systems It Limited Health Check

ADAGE SYSTEMS IT LIMITED financials

adage systems it limited Credit Report and Business Information

Adage Systems It Limited Competitor Analysis

adage systems it limited Ownership

adage systems it limited directors

adage systems it limited company details

adage systems it limited Charges & Mortgages

adage systems it limited Companies House Filings - See Documents