Citec London Ltd

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SOLUTIONS

citec london ltd Company Information

Company Number

04358302

Next Accounts

Dec 2025

Directors

Bharathi Konduru

Shareholders

suresh konduru

bharathi konduru

Group Structure

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Industry

Post-graduate level higher education

Registered Address

255 eastern avenue, ilford, essex, IG4 5AT

Website

http://citeclondon.org

citec london ltd Estimated Valuation

£250.6k

Pomanda estimates the enterprise value of CITEC LONDON LTD at £250.6k based on a Turnover of £321k and 0.78x industry multiple (adjusted for size and gross margin).

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Citec London Ltd is a live company located in essex, IG4 5AT with a Companies House number of 04358302. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2002, it's largest shareholder is suresh konduru with a 50% stake. Citec London Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £321k with declining growth in recent years.

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Pomanda's financial health check has awarded Citec London Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

6 Weak

Size

annual sales of £321k, make it smaller than the average company (£1.7m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (9.3%)

EXPORT

Citec London Ltd's latest turnover from March 2024 is estimated at £321 thousand and the company has net assets of -£12.9 thousand. According to their latest financial statements, Citec London Ltd has 3 employees and maintains cash reserves of £286 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	320,992	1,589,117	1,500,467	550,745	0	645,283	0	190,722	0	2,846,740	4,001,234	4,046,071	5,284,481	5,563,551	9,343,710
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	146,840	714,239	712,173	243,150	0	270,182	0	80,184	0	1,156,546	1,567,722	1,514,598	2,006,952	2,067,755	3,633,741
Gross Profit	174,152	874,878	788,294	307,596	0	375,101	0	110,538	0	1,690,194	2,433,512	2,531,472	3,277,529	3,495,796	5,709,969
Admin Expenses	167,434	857,090	865,307	289,078	806	376,109	2,128	113,722	106,993	1,744,161	2,493,463	2,402,898	3,273,359	3,448,585	5,592,273
Operating Profit	6,718	17,788	-77,013	18,518	-806	-1,008	-2,128	-3,184	-106,993	-53,967	-59,951	128,574	4,170	47,211	117,696
Interest Payable	4,857	4,689	1,560	0	0	66	513	784	366	0	0	0	0	0	0
Interest Receivable	329	406	26	0	0	2	1	1	117	117	1	428	1,886	4,173	2,714
Pre-Tax Profit	2,191	13,505	-78,547	18,519	-806	-1,072	-2,640	-3,968	-107,242	-53,850	-59,950	129,001	6,055	51,383	120,410
Tax	-548	-2,566	0	-3,519	0	0	0	0	0	0	0	-30,960	-1,574	-14,387	-33,715
Profit After Tax	1,643	10,939	-78,547	15,000	-806	-1,072	-2,640	-3,968	-107,242	-53,850	-59,950	98,041	4,481	36,996	86,695
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,643	10,939	-78,547	15,000	-806	-1,072	-2,640	-3,968	-107,242	-53,850	-59,950	98,041	4,481	36,996	86,695
Employee Costs	145,255	749,242	714,932	83,876	0	346,787	0	86,326	0	1,351,936	1,991,652	1,967,701	2,536,738	2,645,071	4,411,609
Number Of Employees	3	16	16	2	0	8	0	2	0	31	47	48	63	66	112
EBITDA*	6,718	17,788	-77,013	18,518	-806	-1,008	-2,128	-3,184	-104,176	-53,967	-58,566	148,393	28,961	78,633	153,699

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	23,971	12,099	54,554	74,373	99,164	79,506
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	0	0	0	0	0	0	0	0	0	23,971	12,099	54,554	74,373	99,164	79,506
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	114,284	0	91,982	0	0	0	381,727	510,666	516,086	634,332	632,761	1,024,486
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	220,984	196,614	142,866	26,397	91,882	0	94,484	262,265	291,773	0	0	0	118,928	143,272	0
Cash	286	12,254	6,851	0	432	388	198	217	217	46,555	199	199	170,902	583,424	1,085,617
misc current assets	0	0	2,634	0	0	0	0	0	16,084	14,183	14,183	14,183	9,045	22,766	0
total current assets	221,270	208,868	152,351	140,681	92,314	92,370	94,682	262,482	308,074	442,465	525,048	530,468	933,207	1,382,223	2,110,103
total assets	221,270	208,868	152,351	140,681	92,314	92,370	94,682	262,482	308,074	466,436	537,147	585,022	1,007,580	1,481,387	2,189,609
Bank overdraft	0	45,265	0	0	0	4	1,943	13,842	11,248	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	0	0	0	77,496	0	0	0	0	0	339,023	355,884	341,351	870,463	1,345,251	2,087,669
Group/Directors Accounts	0	0	3,278	0	1,634	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	193,079	178,129	128,316	0	78,995	79,875	79,176	232,437	276,655	0	0	0	0	0	0
total current liabilities	193,079	223,394	131,594	77,496	80,629	79,879	81,119	246,279	287,903	339,023	355,884	341,351	870,463	1,345,251	2,087,669
loans	41,074	0	46,222	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	1,500	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	50,000	0	0	0	0	0	0	0	2,458	8,845	12,345	15,145
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	41,074	0	46,222	51,500	0	0	0	0	0	0	0	2,458	8,845	12,345	15,145
total liabilities	234,153	223,394	177,816	128,996	80,629	79,879	81,119	246,279	287,903	339,023	355,884	343,809	879,308	1,357,596	2,102,814
net assets	-12,883	-14,526	-25,465	11,685	11,685	12,491	13,563	16,203	20,171	127,413	181,263	241,213	128,272	123,791	86,795
total shareholders funds	-12,883	-14,526	-25,465	11,685	11,685	12,491	13,563	16,203	20,171	127,413	181,263	241,213	128,272	123,791	86,795

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	6,718	17,788	-77,013	18,518	-806	-1,008	-2,128	-3,184	-106,993	-53,967	-59,951	128,574	4,170	47,211	117,696
Depreciation	0	0	0	0	0	0	0	0	2,817	0	1,385	19,819	24,791	31,422	36,003
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-548	-2,566	0	-3,519	0	0	0	0	0	0	0	-30,960	-1,574	-14,387	-33,715
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	24,370	53,748	2,185	48,799	-100	-2,502	-167,781	-29,508	-89,954	-128,939	-5,420	-237,174	-22,773	-248,453	1,024,486
Creditors	0	0	-77,496	77,496	0	0	0	0	-339,023	-16,861	14,533	-529,112	-474,788	-742,418	2,087,669
Accruals and Deferred Income	14,950	49,813	126,816	-77,495	-880	699	-153,261	-44,218	276,655	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	-3,250	11,287	-29,878	-33,799	-1,586	2,193	12,392	-17,894	-76,590	58,111	-38,613	-174,505	-424,628	-429,719	1,183,167
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	21,154	-11,872	41,070	0	0	-51,080	-115,509
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	21,154	-11,872	41,070	0	0	-51,080	-115,509
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-3,278	3,278	-1,634	1,634	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	41,074	-46,222	46,222	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	-50,000	50,000	0	0	0	0	0	0	-2,458	-6,387	-3,500	-2,800	15,145
share issue	0	0	41,397	-15,000	0	0	0	0	0	0	0	14,900	0	0	100
interest	-4,528	-4,283	-1,534	0	0	-64	-512	-783	-249	117	1	428	1,886	4,173	2,714
cash flow from financing	36,546	-53,783	39,363	33,366	1,634	-64	-512	-783	-249	117	-2,457	8,941	-1,614	1,373	17,959
cash and cash equivalents
cash	-11,968	5,403	6,851	-432	44	190	-19	0	-46,338	46,356	0	-170,703	-412,522	-502,193	1,085,617
overdraft	-45,265	45,265	0	0	-4	-1,939	-11,899	2,594	11,248	0	0	0	0	0	0
change in cash	33,297	-39,862	6,851	-432	48	2,129	11,880	-2,594	-57,586	46,356	0	-170,703	-412,522	-502,193	1,085,617

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITEC LONDON LTD group structure

Citec London Ltd has no subsidiary companies.

Ultimate parent company

CITEC LONDON LTD

04358302

CITEC LONDON LTD Shareholders

suresh konduru	50%
bharathi konduru	50%

Citec London Ltd currently has 1 director, Mrs Bharathi Konduru serving since Mar 2002.

officer	country	age	start	end	role
Mrs Bharathi Konduru	England	50 years	Mar 2002	-	Director

P&L

March 2024

turnover

321k

-80%

operating profit

6.7k

gross margin

54.3%

-1.45%

turnover

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

Balance Sheet

March 2024

net assets

-12.9k

-0.11%

total assets

221.3k

+0.06%

cash

286

-0.98%

net assets

Total assets minus all liabilities

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company number

04358302

Type

Private limited with Share Capital

industry

85422 - Post-graduate level higher education

96090 - Other personal service activities n.e.c.

62020 - Computer consultancy activities

incorporation date

January 2002

ultimate parent company

None

previous names

college of i.t & ecommerce ltd (January 2022)

address

255 eastern avenue, ilford, essex, IG4 5AT

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 citec london ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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citec london ltd Company Information

citec london ltd Estimated Valuation

citec london ltd Estimated Valuation

citec london ltd Estimated Valuation

Citec London Ltd Overview

Citec London Ltd Health Check

CITEC LONDON LTD financials

citec london ltd Credit Report and Business Information

Citec London Ltd Competitor Analysis

citec london ltd Ownership

citec london ltd directors

citec london ltd company details

citec london ltd Charges & Mortgages

citec london ltd Capital Raised & Share Issues BETA

citec london ltd Companies House Filings - See Documents