enableit technologies limited

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enableit technologies limited Company Information

Share ENABLEIT TECHNOLOGIES LIMITED

Company Number

04426731

Shareholders

janine cathryn bushnell

david john bushnell

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Group Structure

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Industry

Computer consultancy activities

 

Registered Address

38 anson road, martlesham heath, ipswich, suffolk, IP5 3RG

enableit technologies limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of ENABLEIT TECHNOLOGIES LIMITED at £3.6m based on a Turnover of £4.8m and 0.74x industry multiple (adjusted for size and gross margin).

enableit technologies limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of ENABLEIT TECHNOLOGIES LIMITED at £1m based on an EBITDA of £199.1k and a 5.24x industry multiple (adjusted for size and gross margin).

enableit technologies limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of ENABLEIT TECHNOLOGIES LIMITED at £1.4m based on Net Assets of £603.2k and 2.29x industry multiple (adjusted for liquidity).

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Enableit Technologies Limited Overview

Enableit Technologies Limited is a live company located in ipswich, IP5 3RG with a Companies House number of 04426731. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2002, it's largest shareholder is janine cathryn bushnell with a 46.5% stake. Enableit Technologies Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with high growth in recent years.

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Enableit Technologies Limited Health Check

Pomanda's financial health check has awarded Enableit Technologies Limited a 3.5 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

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £4.8m, make it larger than the average company (£3.2m)

£4.8m - Enableit Technologies Limited

£3.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.5%)

20% - Enableit Technologies Limited

8.5% - Industry AVG

production

Production

with a gross margin of 45.5%, this company has a comparable cost of product (45.5%)

45.5% - Enableit Technologies Limited

45.5% - Industry AVG

profitability

Profitability

an operating margin of 3.4% make it less profitable than the average company (5.8%)

3.4% - Enableit Technologies Limited

5.8% - Industry AVG

employees

Employees

with 41 employees, this is above the industry average (22)

41 - Enableit Technologies Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.1k, the company has an equivalent pay structure (£63.1k)

£63.1k - Enableit Technologies Limited

£63.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £118k, this is less efficient (£139.1k)

£118k - Enableit Technologies Limited

£139.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 70 days, this is near the average (61 days)

70 days - Enableit Technologies Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is slower than average (28 days)

34 days - Enableit Technologies Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (11 days)

3 days - Enableit Technologies Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)

3 weeks - Enableit Technologies Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 69.6%, this is a higher level of debt than the average (58.8%)

69.6% - Enableit Technologies Limited

58.8% - Industry AVG

ENABLEIT TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Enableit Technologies Limited's latest turnover from December 2023 is estimated at £4.8 million and the company has net assets of £603.2 thousand. According to their latest financial statements, Enableit Technologies Limited has 41 employees and maintains cash reserves of £97.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover4,838,7044,217,8113,505,3472,834,6813,313,8144,077,3402,730,7053,481,1383,816,1704,450,7013,874,7072,419,7061,949,3521,768,923
Other Income Or Grants
Cost Of Sales2,637,2892,275,4341,875,6461,427,1371,653,4871,809,7251,125,6301,392,7781,503,3201,692,7671,357,180852,264761,493645,306
Gross Profit2,201,4161,942,3771,629,7011,407,5441,660,3272,267,6141,605,0752,088,3602,312,8502,757,9342,517,5261,567,4421,187,8591,123,617
Admin Expenses2,035,4361,773,2091,287,4151,542,1591,744,6042,237,2251,516,5862,035,2772,266,3612,697,8572,507,3201,541,3941,181,5501,108,314
Operating Profit165,980169,168342,286-134,615-84,27730,38988,48953,08346,48960,07710,20626,0486,30915,303
Interest Payable3,6572,4412,6169861,1011,061735764
Interest Receivable11,4709,33854315325627413556411460203926
Pre-Tax Profit173,793176,065340,212-135,448-85,12329,60287,88952,32446,55460,19110,26626,0686,34915,329
Tax-43,448-33,452-64,640-5,624-16,699-10,465-9,311-12,640-2,361-6,256-1,651-4,292
Profit After Tax130,345142,613275,572-135,448-85,12323,97871,19041,85937,24347,5517,90519,8124,69811,037
Dividends Paid
Retained Profit130,345142,613275,572-135,448-85,12323,97871,19041,85937,24347,5517,90519,8124,69811,037
Employee Costs2,588,6882,231,5202,216,3971,900,6161,977,9522,223,3891,749,6901,899,7171,619,2581,948,3611,633,8281,039,541802,737764,787
Number Of Employees4138403737413333283430191515
EBITDA*199,066198,793390,640-64,92834,381101,075161,433122,44970,787119,80970,20780,35142,20928,721

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets115,027106,49753,96067,014106,351181,322229,446251,639252,087103,24998,603124,81091,54973,177
Intangible Assets89,97614,9766,69516,73832,36465,89440,33214,03525,92820,8358,232
Investments & Other40,20040,20040,20040,20040,20046,44440,200
Debtors (Due After 1 year)127,64967,203
Total Fixed Assets372,852228,876100,855123,952178,915293,660309,978265,674278,015124,084106,835124,81091,54973,177
Stock & work in progress28,83428,83441,19142,75236,50039,25734,80037,15652,16043,43034,65034,65013,1507,000
Trade Debtors937,124884,412590,136472,748562,734833,797472,241552,632634,441705,853597,394373,713290,789271,215
Group Debtors6,4208,3104,960973473140,36960
Misc Debtors540,060298,096378,397261,119543,900370,471244,004339,6619,8695,64829,866
Cash97,705339,250194,355239,68666,0342,099107,6303531,45024,25721,2072,7045,37610,302
misc current assets
total current assets1,610,1431,558,9021,209,0391,017,2781,209,6411,385,993858,735929,802688,051773,540653,251420,936314,963318,383
total assets1,982,9951,787,7781,309,8941,141,2301,388,5561,679,6531,168,7131,195,476966,066897,624760,086545,746406,512391,560
Bank overdraft32,63223,515
Bank loan65,01651,38932,333
Trade Creditors 249,795127,677245,410192,155378,363490,476344,638360,303665,739764,235642,231490,280363,042354,310
Group/Directors Accounts29,48139,306
other short term finances
hp & lease commitments
other current liabilities1,064,9521,187,214682,821814,172736,797797,302415,172472,900
total current liabilities1,379,7631,314,891979,6201,068,1411,154,4661,320,410759,810856,718665,739764,235642,231490,280363,042354,310
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities5,05421,98955,8953,1387,020
provisions6,6368,65513,38216,43017,47515,84910,3978,5089,91914,5979,193
total long term liabilities6,6368,65513,38216,43017,47520,90332,38664,4039,91917,73516,213
total liabilities1,379,7631,314,891979,6201,074,7771,163,1211,333,792776,240874,193686,642796,621706,634500,199380,777370,523
net assets603,232472,887330,27466,453225,435345,861392,473321,283279,424101,00353,45245,54725,73521,037
total shareholders funds603,232472,887330,27466,453225,435345,861392,473321,283279,424101,00353,45245,54725,73521,037
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit165,980169,168342,286-134,615-84,27730,38988,48953,08346,48960,07710,20626,0486,30915,303
Depreciation33,08622,93038,31154,06185,12862,77262,49157,47317,29156,98860,00154,30335,90013,418
Amortisation6,69510,04315,62633,5307,91410,45311,8937,0072,744
Tax-43,448-33,452-64,640-5,624-16,699-10,465-9,311-12,640-2,361-6,256-1,651-4,292
Stock-12,357-1,5616,252-2,7574,457-2,356-15,0048,7308,78021,5006,1507,000
Debtors353,232284,528238,653-372,267-237,530628,332-175,988257,852-71,412108,459213,81287,145-4,644301,081
Creditors122,118-117,73353,255-186,208-112,113145,838-15,665-305,436-98,496122,004151,951127,2388,732354,310
Accruals and Deferred Income-122,262504,393-131,35177,375-60,505382,130-57,728472,900
Deferred Taxes & Provisions-6,636-2,019-4,727-3,048-1,0451,6265,4521,889-1,411-4,6785,4049,193
Cash flow from operations-197,758279,8304,176190,23597,323-12,418248,64038,22631,114113,8234,57488,01053,18879,851
Investing Activities
capital expenditure-116,616-90,443-25,257-14,724-10,157-48,124-77,048-57,025-178,229-76,981-42,026-87,564-54,272-86,595
Change in Investments-6,2446,24440,200
cash flow from investments-116,616-90,443-25,257-14,724-3,913-54,368-117,248-57,025-178,229-76,981-42,026-87,564-54,272-86,595
Financing Activities
Bank loans65,016-51,38919,05632,333
Group/Directors Accounts-29,481-9,82539,306
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-5,054-16,935-33,90655,895-3,138-3,8827,020
share issue-11,751-23,534-35,303-70,590141,17810,000
interest7,8136,897-2,073-833-845-787-600-7596411460203926
cash flow from financing72,829-44,492-24,249-1,8593,158-71,377-600-5,813124,307-33,79255,955-3,118-3,84317,046
cash and cash equivalents
cash-241,545144,895-45,331173,65263,935-105,531107,277-1,097-22,8073,05018,503-2,672-4,92610,302
overdraft-32,63232,632-23,51523,515
change in cash-241,545144,895-45,331173,65296,567-138,163130,792-24,612-22,8073,05018,503-2,672-4,92610,302

enableit technologies limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Enableit Technologies Limited Competitor Analysis

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Perform a competitor analysis for enableit technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in IP5 area or any other competitors across 12 key performance metrics.

enableit technologies limited Ownership

ENABLEIT TECHNOLOGIES LIMITED group structure

Enableit Technologies Limited has 3 subsidiary companies.

Ultimate parent company

ENABLEIT TECHNOLOGIES LIMITED

04426731

3 subsidiaries

ENABLEIT TECHNOLOGIES LIMITED Shareholders

janine cathryn bushnell 46.45%
david john bushnell 46.45%
joseph david bushnell 4.8%
jonathan michael cutting 2.3%

enableit technologies limited directors

Enableit Technologies Limited currently has 5 directors. The longest serving directors include Mr David Bushnell (Apr 2002) and Mr Janine Bushnell (Jun 2006).

officercountryagestartendrole
Mr David BushnellUnited Kingdom70 years Apr 2002- Director
Mr Janine BushnellUnited Kingdom69 years Jun 2006- Director
Mr Joseph BushnellUnited Kingdom46 years Apr 2010- Director
Mr Jonathan Cutting52 years Apr 2016- Director
Mrs Hannah Martin48 years Jan 2017- Director

P&L

December 2023

turnover

4.8m

+15%

operating profit

166k

0%

gross margin

45.5%

-1.21%

turnover

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

Balance Sheet

December 2023

net assets

603.2k

+0.28%

total assets

2m

+0.11%

cash

97.7k

-0.71%

net assets

Total assets minus all liabilities

enableit technologies limited company details

company number

04426731

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

April 2002

age

23

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

cib systems limited (November 2004)

accountant

GRIFFIN CHAPMAN

auditor

-

address

38 anson road, martlesham heath, ipswich, suffolk, IP5 3RG

Bank

-

Legal Advisor

-

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

enableit technologies 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.

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enableit technologies limited Companies House Filings - See Documents

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