Oolio Group Uk Limited

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oolio group uk limited Company Information

Live

MatureSmallDeclining

Company Number

04528128

Website

www.verteda.com

Registered Address

third floor a3 (1) and a3 (2), steam mill, chester, cheshire, CH3 5AN

Industry

Other information technology and computer service activities

Computer consultancy activities

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Telephone

01925401310

Next Accounts Due

March 2025

Group Structure

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Directors

David Marshall4 Years

Aage Faergemann1 Years

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Shareholders

verteda holdings ltd 100%

oolio group uk limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of OOLIO GROUP UK LIMITED at £1.9m based on a Turnover of £2.4m and 0.76x industry multiple (adjusted for size and gross margin).

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Oolio Group Uk Limited is a live company located in chester, CH3 5AN with a Companies House number of 04528128. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2002, it's largest shareholder is verteda holdings ltd with a 100% stake. Oolio Group Uk Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Oolio Group Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (6.7%)

EXPORT

Oolio Group Uk Limited's latest turnover from June 2023 is estimated at £2.4 million and the company has net assets of -£119.2 thousand. According to their latest financial statements, Oolio Group Uk Limited has 18 employees and maintains cash reserves of £257.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,442,566	3,856,473	2,979,918	3,831,921	4,692,746	8,784,164	5,904,193	5,783,001	15,664,515	4,112,048	3,906,936	3,783,121	4,965,270	3,186,714
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,047,598	3,210,675	2,558,454	2,939,089	4,177,671	5,987,783	3,999,903	4,126,594	5,838,542	3,048,521	3,146,384	2,898,545	3,799,738	2,143,195
Gross Profit	1,394,968	645,798	421,464	892,832	515,075	2,796,381	1,904,290	1,656,407	9,825,974	1,063,527	760,552	884,576	1,165,532	1,043,519
Admin Expenses	2,087,211	649,481	524,590	1,191,840	2,144,974	941,107	803,859	646,683	10,029,181	546,157	860,791	955,958	972,677	826,609
Operating Profit	-692,243	-3,683	-103,126	-299,008	-1,629,899	1,855,274	1,100,431	1,009,724	-203,207	517,370	-100,239	-71,382	192,855	216,910
Interest Payable	0	0	0	34	3,100	0	0	0	0	0	15,262	0	1,885	0
Interest Receivable	34,207	0	0	0	243	16	662	0	919	305	905	329	98,580	136
Pre-Tax Profit	-658,036	-3,707	-115,462	-299,042	-1,632,756	1,855,290	1,101,093	1,009,880	-202,288	517,675	-114,596	-80,980	289,550	217,046
Tax	0	11,486	13,080	44,726	209,351	-153,444	-44,416	-135,123	0	-94,578	-26,809	-22,020	-68,992	-109,347
Profit After Tax	-658,036	7,779	-102,382	-254,316	-1,423,405	1,701,846	1,056,677	874,757	-202,288	423,097	-141,405	-103,000	220,558	107,699
Dividends Paid	0	441,494	0	0	0	0	740,000	570,000	0	0	0	0	0	0
Retained Profit	-658,036	-433,715	-102,382	-254,316	-1,423,405	1,701,846	316,677	304,757	-202,288	423,097	-141,405	-103,000	220,558	107,699
Employee Costs	1,133,879	1,001,840	1,007,778	1,487,899	2,040,113	1,963,604	1,932,061	2,578,769	6,591,956	1,730,823	1,630,111	1,748,582	1,718,522	1,422,710
Number Of Employees	18	17	18	28	36	35	35	47	120	32	32	30	30	24
EBITDA*	-686,238	1,675	-101,423	-225,026	-1,629,899	1,983,771	1,134,688	1,077,492	8,469	722,669	99,096	124,519	358,308	390,944

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	17,306	11,630	4,825	6,528	0	18,312	40,055	69,486	55,015	38,077	41,617	44,935	0	1,887
Intangible Assets	0	0	0	18,380	91,936	165,492	257,438	330,994	0	187,526	375,055	562,585	750,114	817,830
Investments & Other	0	0	3	3	3	3	3	3	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	218,714	0	0	0	0	0	0	0	0	0
Total Fixed Assets	17,306	11,630	4,828	24,911	310,653	183,807	297,496	400,483	55,015	225,603	416,672	607,520	750,114	819,717
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	414,907	554,561	903,881	949,695	996,862	1,232,907	1,556,726	1,945,036	2,641,907	1,259,237	1,790,903	1,996,188	2,701,244	1,747,092
Group Debtors	0	0	412,537	644,144	1,216,421	2,091,775	846,480	421,432	0	400,000	0	0	58,947	118,006
Misc Debtors	708,269	458,384	1,050,998	1,061,425	924,523	1,196,643	412,591	425,342	0	674,392	265,845	37,507	24,680	8,827
Cash	257,480	1,110,805	1,015,025	473,728	14,659	214,568	515,241	291,800	259,633	108,066	323,054	1,296,344	716,358	776,536
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,380,656	2,123,750	3,382,441	3,128,992	3,152,465	4,735,893	3,331,038	3,083,610	2,901,540	2,441,695	2,379,802	3,330,039	3,501,229	2,650,461
total assets	1,397,962	2,135,380	3,387,269	3,153,903	3,463,118	4,919,700	3,628,534	3,484,093	2,956,555	2,667,298	2,796,474	3,937,559	4,251,343	3,470,178
Bank overdraft	0	0	0	0	0	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	634,472	341,297	637,777	526,564	640,522	331,387	484,714	947,251	2,519,712	251,149	234,922	225,920	763,034	408,329
Group/Directors Accounts	261,266	367,888	0	0	0	0	0	0	0	0	774,621	1,905,623	75,733	0
other short term finances	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
other current liabilities	621,394	887,329	1,776,911	1,552,376	1,487,051	1,808,728	2,046,503	1,736,402	0	1,777,018	1,569,012	1,456,016	1,425,404	1,316,651
total current liabilities	1,517,132	1,596,514	2,414,688	2,078,940	2,127,573	2,140,115	2,531,217	2,683,653	2,519,712	2,028,167	2,578,555	3,587,559	2,264,171	1,724,980
loans	0	0	0	0	0	0	0	0	0	0	0	0	1,534,172	1,000,000
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	6,266	26,901	46,479	66,279	7,439	7,439	9,324	0	0	0
total long term liabilities	0	0	0	0	6,266	26,901	46,479	66,279	7,439	7,439	9,324	0	1,534,172	1,000,000
total liabilities	1,517,132	1,596,514	2,414,688	2,078,940	2,133,839	2,167,016	2,577,696	2,749,932	2,527,151	2,035,606	2,587,879	3,587,559	3,798,343	2,724,980
net assets	-119,170	538,866	972,581	1,074,963	1,329,279	2,752,684	1,050,838	734,161	429,404	631,692	208,595	350,000	453,000	745,198
total shareholders funds	-119,170	538,866	972,581	1,074,963	1,329,279	2,752,684	1,050,838	734,161	429,404	631,692	208,595	350,000	453,000	745,198

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-692,243	-3,683	-103,126	-299,008	-1,629,899	1,855,274	1,100,431	1,009,724	-203,207	517,370	-100,239	-71,382	192,855	216,910
Depreciation	6,005	5,358	1,703	426	0	36,551	34,257	67,768	24,150	17,770	11,805	8,372	1,887	10,468
Amortisation	0	0	0	73,556	0	91,946	0	0	187,526	187,529	187,530	187,529	163,566	163,566
Tax	0	11,486	13,080	44,726	209,351	-153,444	-44,416	-135,123	0	-94,578	-26,809	-22,020	-68,992	-109,347
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	110,231	-1,354,471	-287,848	-701,256	-1,164,805	1,705,528	23,987	149,903	308,278	276,881	23,053	-751,176	910,946	1,873,925
Creditors	293,175	-296,480	111,213	-113,958	309,135	-153,327	-462,537	-1,572,461	2,268,563	16,227	9,002	-537,114	354,705	408,329
Accruals and Deferred Income	-265,935	-889,582	224,535	65,325	-321,677	-237,775	310,101	1,736,402	-1,777,018	208,006	112,996	30,612	108,753	1,316,651
Deferred Taxes & Provisions	0	0	0	-6,266	-20,635	-19,578	-19,800	58,840	0	-1,885	9,324	0	0	0
Cash flow from operations	-769,229	181,570	535,253	466,057	-288,920	-285,881	894,049	1,015,247	191,736	573,558	180,556	347,173	-158,172	132,652
Investing Activities
capital expenditure	-11,681	-12,163	18,380	-6,954	91,868	-14,808	68,730	-413,233	-41,088	-14,230	-8,487	-53,307	-95,850	-993,751
Change in Investments	0	-3	0	0	0	0	0	3	0	0	0	0	0	0
cash flow from investments	-11,681	-12,160	18,380	-6,954	91,868	-14,808	68,730	-413,236	-41,088	-14,230	-8,487	-53,307	-95,850	-993,751
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-106,622	367,888	0	0	0	0	0	0	0	-774,621	-1,131,002	1,829,890	75,733	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	-1,534,172	534,172	1,000,000
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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	-512,756	637,499
interest	34,207	0	0	-34	-2,857	16	662	0	919	305	-14,357	329	96,695	136
cash flow from financing	-72,415	367,888	0	-34	-2,857	16	662	0	919	-774,316	-1,145,359	296,047	193,844	1,637,635
cash and cash equivalents
cash	-853,325	95,780	541,297	459,069	-199,909	-300,673	223,441	32,167	151,567	-214,988	-973,290	579,986	-60,178	776,536
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-853,325	95,780	541,297	459,069	-199,909	-300,673	223,441	32,167	151,567	-214,988	-973,290	579,986	-60,178	776,536

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OOLIO GROUP UK LIMITED group structure

Oolio Group Uk Limited has 1 subsidiary company.

Ultimate parent company

MSL SOLUTIONS LTD

#0099474

VERTEDA HOLDINGS LIMITED

08881750

2 parents

OOLIO GROUP UK LIMITED

04528128

1 subsidiary

REBELTHINKING LIMITED

08345830

OOLIO GROUP UK LIMITED Shareholders

verteda holdings ltd

100%

Oolio Group Uk Limited currently has 4 directors. The longest serving directors include Mr David Marshall (Jun 2020) and Mr Aage Faergemann (Jun 2023).

officer	country	age	start	end	role
Mr David Marshall	United Kingdom	58 years	Jun 2020	-	Director
Mr Aage Faergemann	England	59 years	Jun 2023	-	Director
Mr Andreas Noerfelt	England	54 years	Jun 2023	-	Director
Mr Venkata Kommineni	Australia	52 years	Jun 2023	-	Director

P&L

June 2023

turnover

2.4m

-37%

operating profit

-692.2k

gross margin

57.2%

+241.04%

turnover

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

Balance Sheet

June 2023

net assets

-119.2k

-1.22%

total assets

1.4m

-0.35%

cash

257.5k

-0.77%

net assets

Total assets minus all liabilities

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informed solutions limited

3.5

company number

04528128

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62090 - Other information technology and computer service activities

62020 - Computer consultancy activities

incorporation date

September 2002

ultimate parent company

MSL SOLUTIONS LTD

previous names

msl verteda limited (October 2023)

verteda limited (January 2021)

address

third floor a3 (1) and a3 (2), steam mill, chester, cheshire, CH3 5AN

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 4 charges/mortgages relating to oolio group uk limited. Currently there are 3 open charges and 1 have been satisfied in the past.

oolio group uk limited Company Information

oolio group uk limited Estimated Valuation

oolio group uk limited Estimated Valuation

oolio group uk limited Estimated Valuation

Oolio Group Uk Limited Overview

Oolio Group Uk Limited Health Check

OOLIO GROUP UK LIMITED financials

oolio group uk limited Credit Report and Business Information

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oolio group uk limited Ownership

oolio group uk limited directors

oolio group uk limited company details

oolio group uk limited Charges & Mortgages

oolio group uk limited Companies House Filings - See Documents