Solutions In I.t. Limited

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SOLUTIONS

solutions in i.t. limited Company Information

Company Number

04555311

Next Accounts

Jun 2025

Directors

Geoffrey Perkins

Sean Baumann

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Shareholders

commercial software ltd

Group Structure

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Industry

Other software publishing

Registered Address

unit 1 & 2, first floor bridge road business, haywards heath, west sussex, RH16 1TX

Website

www.solutionsinit.com

solutions in i.t. limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of SOLUTIONS IN I.T. LIMITED at £1.7m based on a Turnover of £1.2m and 1.39x industry multiple (adjusted for size and gross margin).

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Solutions In I.t. Limited is a live company located in haywards heath, RH16 1TX with a Companies House number of 04555311. It operates in the other software publishing sector, SIC Code 58290. Founded in October 2002, it's largest shareholder is commercial software ltd with a 100% stake. Solutions In I.t. Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Solutions In I.T. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£5.3m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.2%)

EXPORT

Solutions In I.T. Limited's latest turnover from September 2023 is estimated at £1.2 million and the company has net assets of £652.5 thousand. According to their latest financial statements, Solutions In I.T. Limited has 10 employees and maintains cash reserves of £155.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 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	1,188,955	1,261,310	974,675	974,048	498,352	655,151	543,681	336,229	255,150	342,570	203,080	261,181	264,531	138,005	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	333,436	362,331	288,875	318,772	163,952	222,031	162,927	109,629	83,690	107,712	65,815	77,961	76,528	38,798	0
Gross Profit	855,519	898,979	685,800	655,276	334,400	433,121	380,754	226,601	171,460	234,858	137,265	183,220	188,004	99,208	0
Admin Expenses	787,151	875,870	675,841	642,204	323,954	424,535	377,589	225,052	163,842	232,861	122,786	182,012	168,153	99,776	-1,628
Operating Profit	68,368	23,109	9,959	13,072	10,446	8,586	3,165	1,549	7,618	1,997	14,479	1,208	19,851	-568	1,628
Interest Payable	11,869	11,259	9,906	10,014	7,981	6,247	3,175	0	0	0	0	0	0	0	0
Interest Receivable	6,132	1,801	104	129	637	481	142	69	131	119	124	104	64	19	0
Pre-Tax Profit	62,631	13,651	158	3,186	3,102	2,820	132	1,618	7,749	2,115	14,603	1,312	19,915	-549	1,628
Tax	-15,658	-2,594	-30	-605	-589	-536	-25	-323	-1,550	-444	-3,359	-315	-5,178	0	-456
Profit After Tax	46,973	11,057	128	2,581	2,513	2,284	107	1,294	6,199	1,671	11,244	997	14,737	-549	1,172
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	46,973	11,057	128	2,581	2,513	2,284	107	1,294	6,199	1,671	11,244	997	14,737	-549	1,172
Employee Costs	830,562	657,760	628,996	598,869	264,970	336,406	333,571	182,703	172,275	182,007	112,116	166,565	171,230	114,638	0
Number Of Employees	10	9	9	9	4	5	5	3	3	3	2	3	3	2	0
EBITDA*	69,922	24,741	12,518	15,514	12,652	10,803	5,254	3,555	9,030	3,878	15,874	2,217	20,794	395	2,644

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 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	6,219	6,529	7,677	7,323	6,618	6,651	6,269	6,017	4,235	5,647	4,185	3,031	2,827	2,891	3,048
Intangible Assets	550,000	550,000	550,000	550,000	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	556,219	556,529	557,677	557,323	6,618	6,651	6,269	6,017	4,235	5,647	4,185	3,031	2,827	2,891	3,048
Stock & work in progress	20,826	20,826	20,826	16,416	16,416	0	0	0	0	0	0	0	0	0	0
Trade Debtors	158,762	203,281	141,387	130,594	103,730	128,572	96,850	63,703	45,835	64,058	37,352	44,360	51,038	26,309	26,295
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,194	1,184	27,298	15,439	5,050	12,568	1,194	1,194	0	0	0	0	0	0	0
Cash	155,409	78,208	81,848	126,423	131,194	38,779	89,453	24,098	31,031	21,415	25,991	23,513	18,130	7,531	40
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	336,191	303,499	271,359	288,872	256,390	179,919	187,497	88,995	76,866	85,473	63,343	67,873	69,168	33,840	26,335
total assets	892,410	860,028	829,036	846,195	263,008	186,570	193,766	95,012	81,101	91,120	67,528	70,904	71,995	36,731	29,383
Bank overdraft	0	0	0	0	27,637	19,528	18,121	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	79,874	95,007	52,431	34,780	39,372	32,212	25,358	26,917	45,530	61,748	39,827	54,447	56,535	36,008	28,111
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	72,556	35,948	32,708	41,712	28,877	31,614	29,827	31,230	0	0	0	0	0	0	0
total current liabilities	152,430	130,955	85,139	76,492	95,886	83,354	73,306	58,147	45,530	61,748	39,827	54,447	56,535	36,008	28,111
loans	87,472	123,538	149,419	175,353	125,353	63,960	83,488	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	87,472	123,538	149,419	175,353	125,353	63,960	83,488	0	0	0	0	0	0	0	0
total liabilities	239,902	254,493	234,558	251,845	221,239	147,314	156,794	58,147	45,530	61,748	39,827	54,447	56,535	36,008	28,111
net assets	652,508	605,535	594,478	594,350	41,769	39,256	36,972	36,865	35,571	29,372	27,701	16,457	15,460	723	1,272
total shareholders funds	652,508	605,535	594,478	594,350	41,769	39,256	36,972	36,865	35,571	29,372	27,701	16,457	15,460	723	1,272

	Sep 2023	Sep 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	68,368	23,109	9,959	13,072	10,446	8,586	3,165	1,549	7,618	1,997	14,479	1,208	19,851	-568	1,628
Depreciation	1,554	1,632	2,559	2,442	2,206	2,217	2,089	2,006	1,412	1,881	1,395	1,009	943	963	1,016
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-15,658	-2,594	-30	-605	-589	-536	-25	-323	-1,550	-444	-3,359	-315	-5,178	0	-456
Stock	0	0	4,410	0	16,416	0	0	0	0	0	0	0	0	0	0
Debtors	-44,509	35,780	22,652	37,253	-32,360	43,096	33,147	19,062	-18,223	26,706	-7,008	-6,678	24,729	14	26,295
Creditors	-15,133	42,576	17,651	-4,592	7,160	6,854	-1,559	-18,613	-16,218	21,921	-14,620	-2,088	20,527	7,897	28,111
Accruals and Deferred Income	36,608	3,240	-9,004	12,835	-2,737	1,787	-1,403	31,230	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	120,248	32,183	-5,927	-14,101	32,430	-24,188	-30,880	-3,213	9,485	-1,351	4,903	6,492	11,414	8,278	4,004
Investing Activities
capital expenditure	-1,244	-484	-2,913	-553,147	-2,173	-2,599	-2,341	-3,788	0	-3,343	-2,549	-1,213	-879	-806	-4,064
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,244	-484	-2,913	-553,147	-2,173	-2,599	-2,341	-3,788	0	-3,343	-2,549	-1,213	-879	-806	-4,064
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-36,066	-25,881	-25,934	50,000	61,393	-19,528	83,488	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	550,000	0	0	0	0	0	0	0	0	0	0	100
interest	-5,737	-9,458	-9,802	-9,885	-7,344	-5,766	-3,033	69	131	119	124	104	64	19	0
cash flow from financing	-41,803	-35,339	-35,736	590,115	54,049	-25,294	80,455	69	131	119	124	104	64	19	100
cash and cash equivalents
cash	77,201	-3,640	-44,575	-4,771	92,415	-50,674	65,355	-6,933	9,616	-4,576	2,478	5,383	10,599	7,491	40
overdraft	0	0	0	-27,637	8,109	1,407	18,121	0	0	0	0	0	0	0	0
change in cash	77,201	-3,640	-44,575	22,866	84,306	-52,081	47,234	-6,933	9,616	-4,576	2,478	5,383	10,599	7,491	40

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLUTIONS IN I.T. LIMITED group structure

Solutions In I.T. Limited has no subsidiary companies.

Ultimate parent company

PHOENIX INVESTMENTS (UK) LIMITED

07571799

COMMERCIAL SOFTWARE LIMITED

01753155

2 parents

SOLUTIONS IN I.T. LIMITED

04555311

SOLUTIONS IN I.T. LIMITED Shareholders

commercial software ltd

100%

Solutions In I.T. Limited currently has 3 directors. The longest serving directors include Mr Geoffrey Perkins (May 2022) and Mr Sean Baumann (May 2024).

officer	country	age	start	end	role
Mr Geoffrey Perkins	England	53 years	May 2022	-	Director
Mr Sean Baumann	England	45 years	May 2024	-	Director
Mrs Keely Perkins	England	53 years	May 2024	-	Director

P&L

September 2023

turnover

1.2m

-6%

operating profit

68.4k

gross margin

72%

+0.96%

turnover

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

Balance Sheet

September 2023

net assets

652.5k

+0.08%

total assets

892.4k

+0.04%

cash

155.4k

+0.99%

net assets

Total assets minus all liabilities

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company number

04555311

Type

Private limited with Share Capital

industry

58290 - Other software publishing

incorporation date

October 2002

ultimate parent company

PHOENIX INVESTMENTS (UK) LIMITED

previous names

N/A

address

unit 1 & 2, first floor bridge road business, haywards heath, west sussex, RH16 1TX

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 solutions in i.t. limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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solutions in i.t. limited Company Information

solutions in i.t. limited Estimated Valuation

solutions in i.t. limited Estimated Valuation

solutions in i.t. limited Estimated Valuation

Solutions In I.t. Limited Overview

Solutions In I.t. Limited Health Check

SOLUTIONS IN I.T. LIMITED financials

solutions in i.t. limited Credit Report and Business Information

Solutions In I.t. Limited Competitor Analysis

solutions in i.t. limited Ownership

solutions in i.t. limited directors

solutions in i.t. limited company details

solutions in i.t. limited Charges & Mortgages

solutions in i.t. limited Capital Raised & Share Issues BETA

solutions in i.t. limited Companies House Filings - See Documents