Ing It Services Ltd

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ing it services ltd Company Information

Company Number

04487298

Next Accounts

Mar 2025

Directors

Helen Wingrave

Daniel Adler

Shareholders

daniel adler

helen wingrave

Group Structure

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Industry

Other information technology and computer service activities

Registered Address

9 abbey business park, monks walk, farnham, surrey, GU9 8HT

Website

dialspace.dial.pipex.com

ing it services ltd Estimated Valuation

£20.1k

Pomanda estimates the enterprise value of ING IT SERVICES LTD at £20.1k based on an EBITDA of £5.5k and a 3.63x industry multiple (adjusted for size and gross margin).

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Ing It Services Ltd is a dissolved company that was located in farnham, GU9 8HT with a Companies House number of 04487298. It operated in the other information technology service activities sector, SIC Code 62090. Founded in July 2002, it's largest shareholder was daniel adler with a 51% stake. The last turnover for Ing It Services Ltd was estimated at £20.1k.

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Pomanda's financial health check has awarded Ing It Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £20.1k, make it smaller than the average company (£6.3m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (5.3%)

EXPORT

Ing It Services Ltd's latest turnover from July 2022 is estimated at £20.1 thousand and the company has net assets of -£32.4 thousand. According to their latest financial statements, we estimate that Ing It Services Ltd has 1 employee and maintains cash reserves of £1.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	20,109	47,406	45,839	47,867	46,851	43,924	51,175	18,827	7,761	14,478	10,959	19,117	16,087
Other Income Or Grants
Cost Of Sales	14,829	35,985	34,867	36,215	34,619	31,925	36,521	13,366	5,572	10,092	7,684	13,374	11,048
Gross Profit	5,280	11,421	10,971	11,652	12,232	11,999	14,654	5,460	2,189	4,387	3,275	5,743	5,039
Admin Expenses	-250	15,485	14,332	15,769	21,460	21,381	19,377	8,272	1,017	1,853	3,684	7,624	5,041	-47
Operating Profit	5,530	-4,064	-3,361	-4,117	-9,228	-9,382	-4,723	-2,812	1,172	2,534	-409	-1,881	-2	47
Interest Payable
Interest Receivable	20	1			5	11	20	9	5
Pre-Tax Profit	5,551	-4,063	-3,361	-4,117	-9,223	-9,371	-4,703	-2,803	1,177	2,534	-409	-1,881	-2	47
Tax	-1,055								-247	-583				-13
Profit After Tax	4,496	-4,063	-3,361	-4,117	-9,223	-9,371	-4,703	-2,803	930	1,951	-409	-1,881	-2	34
Dividends Paid
Retained Profit	4,496	-4,063	-3,361	-4,117	-9,223	-9,371	-4,703	-2,803	930	1,951	-409	-1,881	-2	34
Employee Costs	67,031	63,543	59,435	60,179	57,746	55,542	53,775	54,557	53,589	50,594	51,290	49,337	48,057
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	5,530	-2,962	-2,243	-2,688	-7,548	-8,041	-2,166	-454	2,573	3,515	710	-505	1,500	1,679

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets		8,695	8,933	10,051	10,988	11,788	11,822	13,581	10,897	9,818	10,244	11,255	11,942	12,498
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets		8,695	8,933	10,051	10,988	11,788	11,822	13,581	10,897	9,818	10,244	11,255	11,942	12,498
Stock & work in progress
Trade Debtors	684	1,067	1,148	1,286	2,006	2,473	5,770	2,930	546	2,398	1,350	3,654	2,997	4,881
Group Debtors
Misc Debtors
Cash	1,399	1,869	20	20	20	2,153	6,648	1,543	1,921	20	20	20	20	20
misc current assets
total current assets	2,083	2,936	1,168	1,306	2,026	4,626	12,418	4,473	2,467	2,418	1,370	3,674	3,017	4,901
total assets	2,083	11,631	10,101	11,357	13,014	16,414	24,240	18,054	13,364	12,236	11,614	14,929	14,959	17,399
Bank overdraft
Bank loan
Trade Creditors	34,505	48,549	42,956	40,851	38,391	32,048	29,903	19,014	12,641	12,443	13,772	16,678	14,827	17,265
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	34,505	48,549	42,956	40,851	38,391	32,048	29,903	19,014	12,641	12,443	13,772	16,678	14,827	17,265
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions						520	1,120	1,120
total long term liabilities						520	1,120	1,120
total liabilities	34,505	48,549	42,956	40,851	38,391	32,568	31,023	20,134	12,641	12,443	13,772	16,678	14,827	17,265
net assets	-32,422	-36,918	-32,855	-29,494	-25,377	-16,154	-6,783	-2,080	723	-207	-2,158	-1,749	132	134
total shareholders funds	-32,422	-36,918	-32,855	-29,494	-25,377	-16,154	-6,783	-2,080	723	-207	-2,158	-1,749	132	134

	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	5,530	-4,064	-3,361	-4,117	-9,228	-9,382	-4,723	-2,812	1,172	2,534	-409	-1,881	-2	47
Depreciation		1,102	1,118	1,429	1,680	1,341	2,557	2,358	1,401	981	1,119	1,376	1,502	1,632
Amortisation
Tax	-1,055								-247	-583				-13
Stock
Debtors	-383	-81	-138	-720	-467	-3,297	2,840	2,384	-1,852	1,048	-2,304	657	-1,884	4,881
Creditors	-14,044	5,593	2,105	2,460	6,343	2,145	10,889	6,373	198	-1,329	-2,906	1,851	-2,438	17,265
Accruals and Deferred Income
Deferred Taxes & Provisions					-520	-600		1,120
Cash flow from operations	-9,186	2,712		492	-1,258	-3,199	5,883	4,655	4,376	555	108	689	946	14,050
Investing Activities
capital expenditure	8,695	-864		-492	-880	-1,307	-798	-5,042	-2,480	-555	-108	-689	-946	-14,130
Change in Investments
cash flow from investments	8,695	-864		-492	-880	-1,307	-798	-5,042	-2,480	-555	-108	-689	-946	-14,130
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue														100
interest	20	1			5	11	20	9	5
cash flow from financing	20	1			5	11	20	9	5					100
cash and cash equivalents
cash	-470	1,849			-2,133	-4,495	5,105	-378	1,901					20
overdraft
change in cash	-470	1,849			-2,133	-4,495	5,105	-378	1,901					20

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ING IT SERVICES LTD group structure

Ing It Services Ltd has no subsidiary companies.

Ultimate parent company

ING IT SERVICES LTD

04487298

ING IT SERVICES LTD Shareholders

daniel adler	51%
helen wingrave	49%

Ing It Services Ltd currently has 2 directors. The longest serving directors include Ms Helen Wingrave (Jul 2002) and Mr Daniel Adler (Jul 2002).

officer	country	age	start	end	role
Ms Helen Wingrave		68 years	Jul 2002	-	Director
Mr Daniel Adler		62 years	Jul 2002	-	Director

P&L

July 2022

turnover

20.1k

-58%

operating profit

5.5k

gross margin

26.3%

+8.99%

turnover

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

Balance Sheet

July 2022

net assets

-32.4k

-0.12%

total assets

2.1k

-0.82%

cash

1.4k

-0.25%

net assets

Total assets minus all liabilities

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company number

04487298

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

July 2002

ultimate parent company

None

previous names

N/A

address

9 abbey business park, monks walk, farnham, surrey, GU9 8HT

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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ing it services ltd Company Information

ing it services ltd Estimated Valuation

ing it services ltd Estimated Valuation

ing it services ltd Estimated Valuation

Ing It Services Ltd Overview

Ing It Services Ltd Health Check

ING IT SERVICES LTD financials

ing it services ltd Credit Report and Business Information

Ing It Services Ltd Competitor Analysis

ing it services ltd Ownership

ing it services ltd directors

ing it services ltd company details

ing it services ltd Charges & Mortgages

ing it services ltd Capital Raised & Share Issues BETA

ing it services ltd Companies House Filings - See Documents