grow i.t. limited

grow i.t. limited Company Information

Share GROW I.T. LIMITED
Live 
MatureMicroHigh

Company Number

04830242

Industry

Computer consultancy activities

 

Directors

John Jamieson

Shareholders

phk ltd

john boyd harvey jamieson

Group Structure

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Contact

Registered Address

hatley cottage, kingsingfield road, sevenoaks, TN15 6LH

grow i.t. limited Estimated Valuation

£238.5k

Pomanda estimates the enterprise value of GROW I.T. LIMITED at £238.5k based on a Turnover of £438.2k and 0.54x industry multiple (adjusted for size and gross margin).

grow i.t. limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GROW I.T. LIMITED at £0 based on an EBITDA of £-14.4k and a 3.78x industry multiple (adjusted for size and gross margin).

grow i.t. limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GROW I.T. LIMITED at £0 based on Net Assets of £-218.3k and 2.29x industry multiple (adjusted for liquidity).

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Grow I.t. Limited Overview

Grow I.t. Limited is a live company located in sevenoaks, TN15 6LH with a Companies House number of 04830242. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2003, it's largest shareholder is phk ltd with a 50% stake. Grow I.t. Limited is a mature, micro sized company, Pomanda has estimated its turnover at £438.2k with high growth in recent years.

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Grow I.t. Limited Health Check

Pomanda's financial health check has awarded Grow I.T. Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £438.2k, make it smaller than the average company (£3.2m)

£438.2k - Grow I.t. Limited

£3.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.7%)

17% - Grow I.t. Limited

8.7% - Industry AVG

production

Production

with a gross margin of 24.8%, this company has a higher cost of product (45.7%)

24.8% - Grow I.t. Limited

45.7% - Industry AVG

profitability

Profitability

an operating margin of -3.3% make it less profitable than the average company (6.1%)

-3.3% - Grow I.t. Limited

6.1% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (22)

2 - Grow I.t. Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £63k, the company has an equivalent pay structure (£63k)

£63k - Grow I.t. Limited

£63k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £219.1k, this is more efficient (£139.8k)

£219.1k - Grow I.t. Limited

£139.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 126 days, this is later than average (60 days)

126 days - Grow I.t. Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 92 days, this is slower than average (27 days)

92 days - Grow I.t. Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Grow I.t. Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Grow I.t. Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 243.7%, this is a higher level of debt than the average (58.4%)

243.7% - Grow I.t. Limited

58.4% - Industry AVG

GROW I.T. LIMITED financials

EXPORTms excel logo

Grow I.T. Limited's latest turnover from December 2023 is estimated at £438.2 thousand and the company has net assets of -£218.3 thousand. According to their latest financial statements, we estimate that Grow I.T. Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover438,243317,909280,016275,891316,306195,168127,363383,570312,043267,575283,213270,983238,012590,0810
Other Income Or Grants000000000000000
Cost Of Sales329,793232,499206,282200,698228,734140,80891,438267,089218,457188,057195,369183,791162,148397,5080
Gross Profit108,45085,41073,73475,19487,57254,36135,925116,48193,58679,51987,84387,19375,864192,5730
Admin Expenses122,87883,69874,152100,944123,84658,02186,590145,26178,267111,11774,699136,382140,520220,829-127,132
Operating Profit-14,4281,712-418-25,750-36,274-3,660-50,665-28,78015,319-31,59813,144-49,189-64,656-28,256127,132
Interest Payable000000000000000
Interest Receivable000000012017814600
Pre-Tax Profit-14,4281,712-418-25,750-36,274-3,660-50,665-28,77915,339-31,58113,152-49,175-64,650-28,256127,132
Tax0-325000000-3,0680-3,025000-35,597
Profit After Tax-14,4281,387-418-25,750-36,274-3,660-50,665-28,77912,271-31,58110,127-49,175-64,650-28,25691,535
Dividends Paid000000000000000
Retained Profit-14,4281,387-418-25,750-36,274-3,660-50,665-28,77912,271-31,58110,127-49,175-64,650-28,25691,535
Employee Costs126,04958,64655,45351,684107,15758,84754,770118,068117,474117,651113,753111,409109,150211,0790
Number Of Employees211121122222240
EBITDA*-14,4281,712-418-25,750-36,274-3,660-50,665-28,78044,4796,17874,4869,534-9,12523,921177,690

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets00000114,283141,03093,3170004,30612,45320,60029,339
Intangible Assets00000000116,646127,106150,448142,888161,537169,459161,122
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets00000114,283141,03093,317116,646127,106150,448147,194173,990190,059190,461
Stock & work in progress0000000016,32219,32220,72220,72220,72225,72234,121
Trade Debtors151,980155,091137,327149,280158,98176,33549,603122,74095,90379,09883,78881,48568,300165,885159,503
Group Debtors000000000000000
Misc Debtors000000000000000
Cash000000001,0946,807303,1462,28000
misc current assets000000000000000
total current assets151,980155,091137,327149,280158,98176,33549,603122,740113,319105,227104,540105,35391,302191,607193,624
total assets151,980155,091137,327149,280158,981190,618190,633216,057229,965232,333254,988252,547265,292381,666384,085
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 83,32963,72045,12054,47057,08852,45148,80659,41644,54023,1896,3906,24113,676118,38592,548
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities00000000005,20864,42452,98500
total current liabilities83,32963,72045,12054,47057,08852,45148,80659,41644,54023,18911,59870,66566,661118,38592,548
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities286,967295,259297,482299,667281,0000281,000245,149245,152281,142283,807232,426200,000200,000200,000
provisions000000000000000
total long term liabilities286,967295,259297,482299,667281,000281,000281,000245,149245,152281,142283,807232,426200,000200,000200,000
total liabilities370,296358,979342,602354,137338,088333,451329,806304,565289,692304,331295,405303,091266,661318,385292,548
net assets-218,316-203,888-205,275-204,857-179,107-142,833-139,173-88,508-59,727-71,998-40,417-50,544-1,36963,28191,537
total shareholders funds-218,316-203,888-205,275-204,857-179,107-142,833-139,173-88,508-59,727-71,998-40,417-50,544-1,36963,28191,537
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-14,4281,712-418-25,750-36,274-3,660-50,665-28,78015,319-31,59813,144-49,189-64,656-28,256127,132
Depreciation00000000004,3068,1478,1478,73912,298
Amortisation0000000029,16037,77657,03650,57647,38443,43838,260
Tax0-325000000-3,0680-3,025000-35,597
Stock0000000-16,322-3,000-1,40000-5,000-8,39934,121
Debtors-3,11117,764-11,953-9,70182,64626,732-73,13726,83716,805-4,6902,30313,185-97,5856,382159,503
Creditors19,60918,600-9,350-2,6184,6373,645-10,61014,87621,35116,799149-7,435-104,70925,83792,548
Accruals and Deferred Income000000000-5,208-59,21611,43952,98500
Deferred Taxes & Provisions000000000000000
Cash flow from operations8,2922,2232,185-18,667-114,283-26,74711,862-24,41948,95723,85910,09135341,73651,77541,017
Investing Activities
capital expenditure0000114,28326,747-47,71323,329-18,700-14,434-64,596-31,927-39,462-51,775-241,019
Change in Investments000000000000000
cash flow from investments0000114,28326,747-47,71323,329-18,700-14,434-64,596-31,927-39,462-51,775-241,019
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-8,292-2,223-2,18518,667281,000-281,00035,851-3-35,990-2,66551,38132,42600200,000
share issue0000000-20000002
interest000000012017814600
cash flow from financing-8,292-2,223-2,18518,667281,000-281,00035,851-4-35,970-2,64851,38932,44060200,002
cash and cash equivalents
cash0000000-1,094-5,7136,777-3,1168662,28000
overdraft000000000000000
change in cash0000000-1,094-5,7136,777-3,1168662,28000

grow i.t. limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Grow I.t. Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for grow i.t. limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TN15 area or any other competitors across 12 key performance metrics.

grow i.t. limited Ownership

GROW I.T. LIMITED group structure

Grow I.T. Limited has 1 subsidiary company.

Ultimate parent company

GROW I.T. LIMITED

04830242

1 subsidiary

GROW I.T. LIMITED Shareholders

phk ltd 50%
john boyd harvey jamieson 50%

grow i.t. limited directors

Grow I.T. Limited currently has 1 director, Mr John Jamieson serving since Jul 2003.

officercountryagestartendrole
Mr John Jamieson68 years Jul 2003- Director

P&L

December 2023

turnover

438.2k

+38%

operating profit

-14.4k

0%

gross margin

24.8%

-7.89%

turnover

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

Balance Sheet

December 2023

net assets

-218.3k

+0.07%

total assets

152k

-0.02%

cash

0

0%

net assets

Total assets minus all liabilities

grow i.t. limited company details

company number

04830242

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

July 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

hatley cottage, kingsingfield road, sevenoaks, TN15 6LH

Bank

-

Legal Advisor

-

grow i.t. limited 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 1 charges/mortgages relating to grow i.t. limited. Currently there are 1 open charges and 0 have been satisfied in the past.

grow i.t. limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for GROW I.T. LIMITED. This can take several minutes, an email will notify you when this has completed.

grow i.t. limited Companies House Filings - See Documents

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