Sit Ltd

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sit ltd Company Information

Company Number

04440969

Next Accounts

222 days late

Directors

Syed Hasan-Rumi

Shareholders

syed obaid hasan-rumi

jennifer hasan

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Group Structure

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Industry

Management consultancy activities (other than financial management)

Registered Address

2nd floor arcadia house, 15 forlease rd, maidenhead, SL6 1RX

Website

www.sit.com.sa

sit ltd Estimated Valuation

£32.1k

Pomanda estimates the enterprise value of SIT LTD at £32.1k based on a Turnover of £66.1k and 0.49x industry multiple (adjusted for size and gross margin).

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Sit Ltd is a live company located in maidenhead, SL6 1RX with a Companies House number of 04440969. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in May 2002, it's largest shareholder is syed obaid hasan-rumi with a 45% stake. Sit Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £66.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Sit Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £66.1k, make it smaller than the average company (£399.8k)

Growth

3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (4.3%)

EXPORT

Sit Ltd's latest turnover from November 2022 is estimated at £66.1 thousand and the company has net assets of -£93.1 thousand. According to their latest financial statements, Sit Ltd has 2 employees and maintains cash reserves of £792 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	66,066	195,690	318,018	210,921	257,867	237,838	375,829	216,967	262,185	386,198	324,226	314,398	535,872
Other Income Or Grants
Cost Of Sales	26,650	78,197	115,132	76,589	84,429	77,809	126,875	75,493	96,504	124,291	100,674	98,419	161,619
Gross Profit	39,416	117,493	202,886	134,332	173,438	160,029	248,954	141,474	165,681	261,907	223,552	215,979	374,253
Admin Expenses	82,455	155,706	225,963	152,562	186,392	193,764	178,703	154,287	81,052	289,955	284,435	236,619	262,961	-2,801
Operating Profit	-43,039	-38,213	-23,077	-18,230	-12,954	-33,735	70,251	-12,813	84,629	-28,048	-60,883	-20,640	111,292	2,801
Interest Payable	4,500	3,050	1,525
Interest Receivable	34	22	55	419	350	303	170	430	360	90	77	77	1	1
Pre-Tax Profit	-47,505	-41,241	-24,547	-17,811	-12,604	-33,432	70,421	-12,383	84,990	-27,958	-60,806	-20,563	111,293	2,801
Tax							-14,084		-17,848				-31,162	-784
Profit After Tax	-47,505	-41,241	-24,547	-17,811	-12,604	-33,432	56,337	-12,383	67,142	-27,958	-60,806	-20,563	80,131	2,017
Dividends Paid
Retained Profit	-47,505	-41,241	-24,547	-17,811	-12,604	-33,432	56,337	-12,383	67,142	-27,958	-60,806	-20,563	80,131	2,017
Employee Costs	94,299	136,662	123,387	142,220	150,075	134,882	100,196	104,667	104,194	156,089	162,679	146,517	246,027
Number Of Employees	2	3	3	3	3	3	2	2	2	3	3	3	5
EBITDA*	-42,846	-37,982	-22,922	-18,102	-12,784	-33,508	70,553	-12,410	84,889	-27,702	-60,421	-20,025	112,112	4,520

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1,376	1,569	1,176	382	510	680	907	1,209	778	1,038	1,384	1,846	2,461	3,281
Intangible Assets
Investments & Other											33,750
Debtors (Due After 1 year)
Total Fixed Assets	1,376	1,569	1,176	382	510	680	907	1,209	778	1,038	35,134	1,846	2,461	3,281
Stock & work in progress
Trade Debtors	600				40,920	33,779	89,980	30,200	30,600		43,012	53,322	94,138
Group Debtors
Misc Debtors	3,802	61,997	71,302		40,321	16,470	327			58,884	29,328
Cash	792	1,496	41,774	67,316	44,448	48,791	72,491	63,717	108,475	35,697	160	30,516	257	268
misc current assets
total current assets	5,194	63,493	113,076	106,329	125,689	99,040	162,798	93,917	139,075	94,581	72,500	83,838	94,395	268
total assets	6,570	65,062	114,252	106,711	126,199	99,720	163,705	95,126	139,853	95,619	107,634	85,684	96,856	3,549
Bank overdraft
Bank loan
Trade Creditors	1,512	1,972		18			525	67,446	99,790	122,698	106,755	23,999	14,708	1,532
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	48,181	58,708	68,629		88,218	49,135	79,163
total current liabilities	49,693	60,680	68,629	86,541	88,218	49,135	79,688	67,446	99,790	122,698	106,755	23,999	14,708	1,532
loans	50,000	50,000	50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	50,000	50,000	50,000
total liabilities	99,693	110,680	118,629	86,541	88,218	49,135	79,688	67,446	99,790	122,698	106,755	23,999	14,708	1,532
net assets	-93,123	-45,618	-4,377	20,170	37,981	50,585	84,017	27,680	40,063	-27,079	879	61,685	82,148	2,017
total shareholders funds	-93,123	-45,618	-4,377	20,170	37,981	50,585	84,017	27,680	40,063	-27,079	879	61,685	82,148	2,017

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-43,039	-38,213	-23,077	-18,230	-12,954	-33,735	70,251	-12,813	84,629	-28,048	-60,883	-20,640	111,292	2,801
Depreciation	193	231	155	128	170	227	302	403	260	346	462	615	820	1,719
Amortisation
Tax							-14,084		-17,848				-31,162	-784
Stock
Debtors	-57,595	-9,305	71,302	-81,241	30,992	-40,058	60,107	-400	-28,284	-13,456	19,018	-40,816	94,138
Creditors	-460	1,972	-18	18		-525	-66,921	-32,344	-22,908	15,943	82,756	9,291	13,176	1,532
Accruals and Deferred Income	-10,527	-9,921	68,629	-88,218	39,083	-30,028	79,163
Deferred Taxes & Provisions
Cash flow from operations	3,762	-36,626	-25,613	-25,061	-4,693	-24,003	8,604	-44,354	72,417	1,697	3,317	30,082	-12	5,268
Investing Activities
capital expenditure		-624	-949					-834						-5,000
Change in Investments										-33,750	33,750
cash flow from investments		-624	-949					-834		33,750	-33,750			-5,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans			50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue												100
interest	-4,466	-3,028	-1,470	419	350	303	170	430	360	90	77	77	1	1
cash flow from financing	-4,466	-3,028	48,530	419	350	303	170	430	360	90	77	177	1	1
cash and cash equivalents
cash	-704	-40,278	-25,542	22,868	-4,343	-23,700	8,774	-44,758	72,778	35,537	-30,356	30,259	-11	268
overdraft
change in cash	-704	-40,278	-25,542	22,868	-4,343	-23,700	8,774	-44,758	72,778	35,537	-30,356	30,259	-11	268

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SIT LTD group structure

Sit Ltd has no subsidiary companies.

Ultimate parent company

SIT LTD

04440969

SIT LTD Shareholders

syed obaid hasan-rumi	45%
jennifer hasan	45%
grace ellis hunter hasan	10%

Sit Ltd currently has 1 director, Mr Syed Hasan-Rumi serving since May 2002.

officer	country	age	start	end	role
Mr Syed Hasan-Rumi		62 years	May 2002	-	Director

P&L

November 2022

turnover

66.1k

-66%

operating profit

-43k

gross margin

59.7%

-0.63%

turnover

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

Balance Sheet

November 2022

net assets

-93.1k

+1.04%

total assets

6.6k

-0.9%

cash

792

-0.47%

net assets

Total assets minus all liabilities

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company number

04440969

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

May 2002

ultimate parent company

None

previous names

N/A

address

2nd floor arcadia house, 15 forlease rd, maidenhead, SL6 1RX

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.

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sit ltd Company Information

sit ltd Estimated Valuation

sit ltd Estimated Valuation

sit ltd Estimated Valuation

Sit Ltd Overview

Sit Ltd Health Check

SIT LTD financials

sit ltd Credit Report and Business Information

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sit ltd Ownership

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sit ltd Companies House Filings - See Documents