Optimise Limited

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optimise limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

04539705

Website

www.optimiselimited.co.uk

Registered Address

c/o clarke bell limited, 3rd flo, 73 king street, manchester, M2 4NG

Industry

Other personal service activities n.e.c.

Telephone

Next Accounts Due

153 days late

Group Structure

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Directors

Hannah Forbes21 Years

Gordon Forbes21 Years

Shareholders

gordon forbes 50%

hannah forbes 50%

optimise limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of OPTIMISE LIMITED at £1.4m based on Net Assets of £468.3k and 2.98x industry multiple (adjusted for liquidity).

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Optimise Limited is a live company located in manchester, M2 4NG with a Companies House number of 04539705. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 2002, it's largest shareholder is gordon forbes with a 50% stake. Optimise Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Pomanda's financial health check has awarded Optimise Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

5 Weak

Size

annual sales of £1m, make it larger than the average company (£792.4k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIMISE LIMITED group structure

Optimise Limited has no subsidiary companies.

Ultimate parent company

OPTIMISE LIMITED

04539705

OPTIMISE LIMITED Shareholders

gordon forbes	50%
hannah forbes	50%

Optimise Limited currently has 2 directors. The longest serving directors include Mrs Hannah Forbes (Sep 2002) and Mr Gordon Forbes (Feb 2003).

officer	country	age	start	end	role
Mrs Hannah Forbes	Scotland	61 years	Sep 2002	-	Director
Mr Gordon Forbes	Scotland	61 years	Feb 2003	-	Director

EXPORT

Optimise Limited's latest turnover from February 2022 is estimated at £1 million and the company has net assets of £468.3 thousand. According to their latest financial statements, Optimise Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,000,279	917,389	1,060,673	1,123,338	65,188	0	47,733	250,235	434,054	704,083	425,784	198,197	211,848	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	812,389	757,759	860,763	906,119	52,474	0	37,484	196,553	342,944	549,172	332,964	154,108	162,187	0
Gross Profit	187,889	159,630	199,910	217,219	12,715	0	10,250	53,682	91,110	154,912	92,820	44,090	49,661	0
Admin Expenses	205,817	146,292	193,809	434,094	17,673	3,624	488,219	193,743	-324,140	465,325	-832,586	18,848	-193,388	-493,908
Operating Profit	-17,928	13,338	6,101	-216,875	-4,958	-3,624	-477,969	-140,061	415,250	-310,413	925,406	25,242	243,049	493,908
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	2,857	5,770	2,443	3,098	7,189	6,904	7,146	5,826	3,495	2,966	1,118
Pre-Tax Profit	-17,928	13,338	6,101	-214,018	812	-1,181	-474,871	-132,872	422,154	-303,267	931,232	28,738	246,015	495,026
Tax	0	-2,534	-1,159	0	-154	0	0	0	-88,652	0	-223,496	-7,472	-68,884	-138,607
Profit After Tax	-17,928	10,804	4,942	-214,018	658	-1,181	-474,871	-132,872	333,502	-303,267	707,736	21,266	177,131	356,419
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-17,928	10,804	4,942	-214,018	658	-1,181	-474,871	-132,872	333,502	-303,267	707,736	21,266	177,131	356,419
Employee Costs	56,718	55,834	52,879	53,778	78,195	0	26,695	53,183	78,752	130,695	77,700	51,250	49,577	0
Number Of Employees	2	2	2	2	3	0	1	2	3	5	3	2	2	0
EBITDA*	-17,928	13,338	6,101	-216,875	-4,837	-3,624	-477,969	-140,061	415,250	-307,394	928,730	29,428	248,070	494,776

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	78,082	76,653	77,385	77,761	3,722	0	0	0	0	0	305	0	1,168	834
Intangible Assets	0	0	0	0	0	0	0	0	0	0	3,019	6,037	9,055	0
Investments & Other	0	0	0	0	75,000	75,000	75,000	75,000	75,000	75,000	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	78,082	76,653	77,385	77,761	78,722	75,000	75,000	75,000	75,000	75,000	3,324	6,037	10,223	834
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	370,900	443,348	454,119	479,456	0	0	8,400	3,092	4,295	71,025	4,509	21,827	4,290	76,294
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	18,104	7,144	7,035	0	3,849	5,112	3,356	0	0	0	0	0	0	0
Cash	0	0	0	0	761,882	776,813	1,177,255	1,300,840	1,574,639	1,187,114	1,671,255	659,001	739,160	447,355
misc current assets	1,235	0	0	12,689	0	0	0	0	0	0	0	0	0	0
total current assets	390,239	450,492	461,154	492,145	765,731	781,925	1,189,011	1,303,932	1,578,934	1,258,139	1,675,764	680,828	743,450	523,649
total assets	468,321	527,145	538,539	569,906	844,453	856,925	1,264,011	1,378,932	1,653,934	1,333,139	1,679,088	686,865	753,673	524,483
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	0	40,582	62,641	98,878	1,072	0	0	219,015	361,145	373,852	411,977	129,215	216,689	161,838
Group/Directors Accounts	0	0	0	0	2,310	1,338	0	0	0	0	4,557	2,832	3,432	6,224
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	0	0	0	0	155,818	171,722	578,965	0	0	0	0	0	0	0
total current liabilities	0	40,582	62,641	98,878	159,200	173,060	578,965	219,015	361,145	373,852	416,534	132,047	220,121	168,062
loans	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
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	314	453	525	730	0	0	0	0	0	0	0	0	0
total long term liabilities	0	314	453	525	730	0	0	0	0	0	0	0	0	0
total liabilities	0	40,896	63,094	99,403	159,930	173,060	578,965	219,015	361,145	373,852	416,534	132,047	220,121	168,062
net assets	468,321	486,249	475,445	470,503	684,523	683,865	685,046	1,159,917	1,292,789	959,287	1,262,554	554,818	533,552	356,421
total shareholders funds	468,321	486,249	475,445	470,503	684,523	683,865	685,046	1,159,917	1,292,789	959,287	1,262,554	554,818	533,552	356,421

	Feb 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-17,928	13,338	6,101	-216,875	-4,958	-3,624	-477,969	-140,061	415,250	-310,413	925,406	25,242	243,049	493,908
Depreciation	0	0	0	0	121	0	0	0	0	0	306	1,168	2,003	868
Amortisation	0	0	0	0	0	0	0	0	0	3,019	3,018	3,018	3,018	0
Tax	0	-2,534	-1,159	0	-154	0	0	0	-88,652	0	-223,496	-7,472	-68,884	-138,607
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-61,488	-10,662	-18,302	475,607	-1,263	-6,644	8,664	-1,203	-66,730	66,516	-17,318	17,537	-72,004	76,294
Creditors	-40,582	-22,059	-36,237	97,806	1,072	0	-219,015	-142,130	-12,707	-38,125	282,762	-87,474	54,851	161,838
Accruals and Deferred Income	0	0	0	-155,818	-15,904	-407,243	578,965	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-314	-139	-72	-205	730	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,664	-732	-13,065	-750,699	-17,830	-404,223	-126,683	-280,988	380,621	-412,035	1,005,314	-83,055	306,041	441,713
Investing Activities
capital expenditure	-1,429	732	376	-74,039	-3,843	0	0	0	0	305	-611	0	-14,410	-1,702
Change in Investments	0	0	0	-75,000	0	0	0	0	0	75,000	0	0	0	0
cash flow from investments	-1,429	732	376	961	-3,843	0	0	0	0	-74,695	-611	0	-14,410	-1,702
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-2,310	972	1,338	0	0	0	-4,557	1,725	-600	-2,792	6,224
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	0	0	0
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	-2	0	0	0	0	0	0	0	0	0	2
interest	0	0	0	2,857	5,770	2,443	3,098	7,189	6,904	7,146	5,826	3,495	2,966	1,118
cash flow from financing	0	0	0	545	6,742	3,781	3,098	7,189	6,904	2,589	7,551	2,895	174	7,344
cash and cash equivalents
cash	0	0	0	-761,882	-14,931	-400,442	-123,585	-273,799	387,525	-484,141	1,012,254	-80,159	291,805	447,355
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-761,882	-14,931	-400,442	-123,585	-273,799	387,525	-484,141	1,012,254	-80,159	291,805	447,355

P&L

February 2022

turnover

+9%

operating profit

-17.9k

gross margin

18.8%

+7.95%

turnover

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

Balance Sheet

February 2022

net assets

468.3k

-0.04%

total assets

468.3k

-0.11%

cash

net assets

Total assets minus all liabilities

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company number

04539705

Type

Private limited with Share Capital

industry

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

incorporation date

September 2002

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

ashley 079 limited (October 2002)

incorporated

address

c/o clarke bell limited, 3rd flo, 73 king street, manchester, M2 4NG

last accounts submitted

February 2022

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 did not find charges/mortgages relating to optimise limited.

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