plan b it solutions ltd
plan b it solutions ltd Company Information
Company Number
04715047
Website
www.planb-eu.comRegistered Address
2 leman street, london, E1W 9US
Industry
Wholesale of computers, computer peripheral equipment and software
Telephone
01273526193
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
james john green 87%
andrea verde 13%
plan b it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PLAN B IT SOLUTIONS LTD at £1.1m based on a Turnover of £3.8m and 0.28x industry multiple (adjusted for size and gross margin).
plan b it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PLAN B IT SOLUTIONS LTD at £69.2k based on an EBITDA of £20.5k and a 3.38x industry multiple (adjusted for size and gross margin).
plan b it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PLAN B IT SOLUTIONS LTD at £747.1k based on Net Assets of £415k and 1.8x industry multiple (adjusted for liquidity).
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Plan B It Solutions Ltd Overview
Plan B It Solutions Ltd is a live company located in london, E1W 9US with a Companies House number of 04715047. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in March 2003, it's largest shareholder is james john green with a 87% stake. Plan B It Solutions Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with declining growth in recent years.
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Plan B It Solutions Ltd Health Check
Pomanda's financial health check has awarded Plan B It Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£19.3m)
£3.8m - Plan B It Solutions Ltd
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.4%)
-4% - Plan B It Solutions Ltd
6.4% - Industry AVG
Production
with a gross margin of 17.1%, this company has a comparable cost of product (19.9%)
17.1% - Plan B It Solutions Ltd
19.9% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (3.4%)
0.5% - Plan B It Solutions Ltd
3.4% - Industry AVG
Employees
with 9 employees, this is below the industry average (45)
9 - Plan B It Solutions Ltd
45 - Industry AVG
Pay Structure
on an average salary of £60.1k, the company has an equivalent pay structure (£60.1k)
- Plan B It Solutions Ltd
£60.1k - Industry AVG
Efficiency
resulting in sales per employee of £427k, this is less efficient (£559.6k)
£427k - Plan B It Solutions Ltd
£559.6k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (47 days)
53 days - Plan B It Solutions Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (30 days)
22 days - Plan B It Solutions Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (29 days)
1 days - Plan B It Solutions Ltd
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (16 weeks)
42 weeks - Plan B It Solutions Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.6%, this is a similar level of debt than the average (61.5%)
66.6% - Plan B It Solutions Ltd
61.5% - Industry AVG
PLAN B IT SOLUTIONS LTD financials
Plan B It Solutions Ltd's latest turnover from June 2023 is £3.8 million and the company has net assets of £415 thousand. According to their latest financial statements, Plan B It Solutions Ltd has 9 employees and maintains cash reserves of £661.1 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 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,842,621 | 4,303,488 | 3,499,210 | 4,356,614 | 6,407,628 | 6,678,577 | 6,374,164 | 6,390,372 | 5,340,636 | 4,013,587 | 4,409,186 | 4,275,891 | 3,892,449 | 4,282,280 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,185,817 | 3,625,939 | 2,806,789 | 3,679,713 | 5,585,914 | 5,839,709 | 5,479,782 | 5,431,704 | 4,609,215 | 3,416,087 | 3,779,927 | 3,648,963 | 3,343,972 | 3,708,934 |
| Gross Profit | 656,804 | 677,548 | 692,421 | 676,902 | 821,714 | 838,868 | 894,382 | 958,668 | 731,420 | 597,500 | 629,259 | 626,928 | 548,477 | 573,346 |
| Admin Expenses | 637,007 | 658,204 | 676,104 | 659,724 | 765,002 | 742,343 | 799,963 | 855,562 | 621,263 | 518,120 | 594,965 | 592,877 | 515,777 | 541,190 |
| Operating Profit | 19,797 | 19,344 | 16,317 | 17,178 | 56,712 | 96,525 | 94,419 | 103,106 | 110,157 | 79,380 | 34,294 | 34,051 | 32,700 | 32,156 |
| Interest Payable | 1,384 | 3,309 | 3,087 | 12,136 | 19,819 | 20,619 | 17,437 | 16,863 | 13,864 | 10,410 | 13,433 | 17,010 | 15,302 | 17,559 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250 | 0 | 0 | 0 |
| Pre-Tax Profit | 18,413 | 16,035 | 13,230 | 5,043 | 36,893 | 75,906 | 76,982 | 86,243 | 96,292 | 68,969 | 21,112 | 17,040 | 17,398 | 14,596 |
| Tax | -7,291 | -5,808 | -5,131 | -4,475 | -12,284 | -11,995 | -15,466 | -18,000 | -20,224 | -13,494 | -4,590 | -3,417 | -3,745 | -3,785 |
| Profit After Tax | 11,122 | 10,228 | 8,099 | 567 | 24,609 | 63,911 | 61,516 | 68,243 | 76,069 | 55,475 | 16,522 | 13,623 | 13,653 | 10,811 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,657 | 45,180 | 0 | 0 | 0 | 0 |
| Retained Profit | 11,122 | 10,228 | 8,099 | 567 | 24,609 | 63,911 | 61,516 | 68,243 | 38,411 | 10,295 | 16,522 | 13,623 | 13,653 | 10,811 |
| Employee Costs | ||||||||||||||
| Number Of Employees | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | ||||||
| EBITDA* | 20,505 | 20,017 | 17,317 | 18,696 | 58,298 | 97,977 | 96,787 | 106,496 | 112,928 | 86,183 | 35,199 | 34,448 | 33,201 | 32,902 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,717 | 2,019 | 2,712 | 3,312 | 3,894 | 4,356 | 5,978 | 7,128 | 7,249 | 7,394 | 1,322 | 1,194 | 1,503 | 2,242 |
| Intangible Assets | 0 | 0 | 0 | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,718 | 2,019 | 2,712 | 3,313 | 3,895 | 4,357 | 5,979 | 7,128 | 7,249 | 7,395 | 1,322 | 1,195 | 1,503 | 2,242 |
| Stock & work in progress | 11,589 | 8,843 | 16,007 | 14,911 | 72,489 | 137,380 | 163,100 | 259,783 | 94,080 | 69,613 | 48,272 | 61,010 | 47,509 | 79,560 |
| Trade Debtors | 561,394 | 661,740 | 513,995 | 455,036 | 930,560 | 1,126,560 | 1,021,820 | 971,142 | 777,489 | 618,225 | 615,290 | 516,831 | 634,405 | 642,945 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,299 | 109,609 | 10,353 | 14,494 | 11,295 | 7,890 | 7,948 | 7,391 | 35,407 | 9,508 | 18,385 | 9,891 | 4,332 | 1,342 |
| Cash | 661,066 | 88,880 | 540,092 | 416,236 | 561,081 | 591,283 | 344,453 | 354,258 | 219,976 | 232,839 | 198,714 | 126,011 | 58,357 | 224,411 |
| misc current assets | 0 | 0 | 0 | 0 | 3,349 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,242,349 | 869,072 | 1,080,448 | 900,677 | 1,578,773 | 1,863,113 | 1,537,321 | 1,592,575 | 1,126,953 | 930,186 | 880,660 | 713,743 | 744,603 | 948,258 |
| total assets | 1,244,067 | 871,091 | 1,083,160 | 903,990 | 1,582,668 | 1,867,470 | 1,543,300 | 1,599,703 | 1,134,202 | 937,581 | 881,983 | 714,938 | 746,107 | 950,500 |
| Bank overdraft | 10,063 | 10,055 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,434 | 7,623 | 9,684 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 198,106 | 281,132 | 214,695 | 156,452 | 367,037 | 503,828 | 356,882 | 492,530 | 280,950 | 391,509 | 308,638 | 291,501 | 301,349 | 409,920 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,322 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 370,152 | 764,056 | 974,813 | 0 | 0 | 0 | 0 | 0 | 315,262 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 599,902 | 144,990 | 430,431 | 1,692 | 44,608 | 28,115 | 880,944 | 866,379 | 641,614 | 439,669 | 465,774 | 4,651 | 358,352 | 458,032 |
| total current liabilities | 808,071 | 436,178 | 645,127 | 528,297 | 1,175,702 | 1,506,756 | 1,237,826 | 1,358,910 | 966,887 | 831,179 | 774,412 | 617,850 | 667,325 | 877,637 |
| loans | 20,964 | 31,003 | 41,468 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 20,965 | 31,004 | 41,469 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 829,036 | 467,182 | 686,596 | 528,297 | 1,175,702 | 1,506,756 | 1,237,826 | 1,358,910 | 966,887 | 831,179 | 774,412 | 617,850 | 667,325 | 877,637 |
| net assets | 415,031 | 403,909 | 396,564 | 375,693 | 406,966 | 360,714 | 305,474 | 240,793 | 167,315 | 106,402 | 107,571 | 97,088 | 78,782 | 72,863 |
| total shareholders funds | 415,031 | 403,909 | 396,564 | 375,693 | 406,966 | 360,714 | 305,474 | 240,793 | 167,315 | 106,402 | 107,571 | 97,088 | 78,782 | 72,863 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 19,797 | 19,344 | 16,317 | 17,178 | 56,712 | 96,525 | 94,419 | 103,106 | 110,157 | 79,380 | 34,294 | 34,051 | 32,700 | 32,156 |
| Depreciation | 708 | 673 | 1,000 | 1,518 | 1,586 | 1,452 | 2,368 | 3,391 | 2,771 | 6,803 | 905 | 397 | 501 | 746 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -7,291 | -5,808 | -5,131 | -4,475 | -12,284 | -11,995 | -15,466 | -18,000 | -20,224 | -13,494 | -4,590 | -3,417 | -3,745 | -3,785 |
| Stock | 2,746 | -7,164 | 1,096 | -57,578 | -64,891 | -25,720 | -96,683 | 165,704 | 24,467 | 21,341 | -12,738 | 13,500 | -32,050 | 79,560 |
| Debtors | -201,656 | 247,001 | 54,818 | -472,324 | -192,595 | 104,681 | 51,235 | 165,637 | 185,163 | -5,942 | 106,953 | -112,014 | -5,551 | 644,287 |
| Creditors | -83,026 | 66,437 | 58,243 | -210,585 | -136,790 | 146,946 | -135,648 | 211,580 | -110,559 | 82,872 | 17,136 | -9,848 | -108,571 | 409,920 |
| Accruals and Deferred Income | 454,912 | -285,441 | 428,739 | -42,916 | 16,493 | -852,829 | 14,565 | 224,765 | 201,945 | -26,105 | 461,123 | -353,701 | -99,680 | 458,032 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 584,010 | -444,632 | 443,254 | 290,622 | 183,203 | -698,862 | 5,686 | 193,501 | -25,540 | 114,057 | 414,653 | -234,004 | -141,194 | 173,222 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 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 | 44,322 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -370,152 | -393,904 | -210,757 | 974,813 | 0 | 0 | 0 | 0 | -315,262 | 315,262 | 0 | 0 |
| Long term loans | -10,039 | -10,465 | 41,468 | 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 | ||||||||||||||
| interest | -1,384 | -3,309 | -3,087 | -12,136 | -19,819 | -20,619 | -17,437 | -16,863 | -13,864 | -10,410 | -13,183 | -17,010 | -15,302 | -17,559 |
| cash flow from financing | -11,423 | -16,657 | -318,998 | -437,880 | -208,933 | 945,522 | -14,272 | -11,628 | 52,960 | -21,874 | -334,484 | 302,935 | -23,036 | 44,493 |
| cash and cash equivalents | ||||||||||||||
| cash | 572,186 | -451,212 | 123,857 | -144,846 | -30,202 | 246,830 | -9,805 | 134,281 | -12,863 | 34,126 | 72,703 | 67,654 | -166,054 | 224,411 |
| overdraft | 8 | 10,055 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,434 | -1,189 | -2,061 | 9,684 |
| change in cash | 572,178 | -461,267 | 123,857 | -144,846 | -30,202 | 246,830 | -9,805 | 134,281 | -12,863 | 34,126 | 79,137 | 68,843 | -163,993 | 214,727 |
plan b it solutions ltd Credit Report and Business Information
Plan B It Solutions Ltd Competitor Analysis
Perform a competitor analysis for plan b it solutions ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
plan b it solutions ltd Ownership
PLAN B IT SOLUTIONS LTD group structure
Plan B It Solutions Ltd has no subsidiary companies.
Ultimate parent company
PLAN B IT SOLUTIONS LTD
04715047
plan b it solutions ltd directors
Plan B It Solutions Ltd currently has 3 directors. The longest serving directors include Mr Martin Green (Mar 2003) and Mr James Green (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Green | United Kingdom | 46 years | Mar 2003 | - | Director |
| Mr James Green | United Kingdom | 50 years | Mar 2013 | - | Director |
| Mr Andrea Verde | United Kingdom | 49 years | Apr 2015 | - | Director |
P&L
June 2023turnover
3.8m
-11%
operating profit
19.8k
+2%
gross margin
17.1%
+8.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
415k
+0.03%
total assets
1.2m
+0.43%
cash
661.1k
+6.44%
net assets
Total assets minus all liabilities
Similar Companies
plan b it solutions ltd company details
company number
04715047
Type
Private limited with Share Capital
industry
46510 - Wholesale of computers, computer peripheral equipment and software
incorporation date
March 2003
age
21
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
2 leman street, london, E1W 9US
last accounts submitted
June 2023
plan b it solutions ltd Charges & Mortgages
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 2 charges/mortgages relating to plan b it solutions ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
plan b it solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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