Countersoft Limited

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countersoft limited Company Information

Company Number

05299579

Next Accounts

Aug 2025

Directors

Ajay Kandola

Saar Cohen

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Shareholders

harvinder singh kandola

saar cohen

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Group Structure

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Industry

Business and domestic software development

Registered Address

86-90 paul street, london, EC2A 4NE

Website

www.countersoft.com

countersoft limited Estimated Valuation

£113.1k

Pomanda estimates the enterprise value of COUNTERSOFT LIMITED at £113.1k based on a Turnover of £166.8k and 0.68x industry multiple (adjusted for size and gross margin).

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Countersoft Limited is a live company located in london, EC2A 4NE with a Companies House number of 05299579. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2004, it's largest shareholder is harvinder singh kandola with a 44.6% stake. Countersoft Limited is a mature, micro sized company, Pomanda has estimated its turnover at £166.8k with low growth in recent years.

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Pomanda's financial health check has awarded Countersoft Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

1 Regular

5 Weak

Size

annual sales of £166.8k, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.9%)

EXPORT

Countersoft Limited's latest turnover from November 2023 is estimated at £166.8 thousand and the company has net assets of £47.3 thousand. According to their latest financial statements, we estimate that Countersoft Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	166,812	129,183	122,071	155,672	109,602	221,905	193,675	48,219	9,679	17,361	52,066	20,067	16,013	33,425	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	96,846	74,178	69,327	89,441	65,106	131,635	109,992	27,370	5,386	9,716	29,583	10,531	8,328	18,187	0
Gross Profit	69,966	55,004	52,743	66,231	44,496	90,270	83,683	20,849	4,293	7,644	22,483	9,536	7,686	15,238	0
Admin Expenses	59,686	52,058	67,747	46,925	74,982	88,413	118,538	-79,131	178,467	10,423	-131,916	-6,230	-11,977	-26,565	-21,676
Operating Profit	10,280	2,946	-15,004	19,306	-30,486	1,857	-34,855	99,980	-174,174	-2,779	154,399	15,766	19,663	41,803	21,676
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	508	335	840	1,485	1,229	863	923	832	351
Pre-Tax Profit	10,280	2,946	-15,004	19,306	-30,486	1,857	-34,347	100,315	-173,334	-1,294	155,627	16,629	20,585	42,635	22,028
Tax	-2,570	-560	0	-3,668	0	-353	0	-20,063	0	0	-35,794	-3,991	-5,352	-11,938	-6,168
Profit After Tax	7,710	2,386	-15,004	15,638	-30,486	1,504	-34,347	80,252	-173,334	-1,294	119,833	12,638	15,233	30,697	15,860
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,710	2,386	-15,004	15,638	-30,486	1,504	-34,347	80,252	-173,334	-1,294	119,833	12,638	15,233	30,697	15,860
Employee Costs	67,543	62,986	58,691	56,554	58,500	117,300	114,256	54,669	53,368	53,675	51,425	52,164	50,176	49,071	0
Number Of Employees	1	1	1	1	1	2	2	1	1	1	1	1	1	1	0
EBITDA*	10,280	2,946	-15,004	19,306	-30,486	1,857	-34,855	103,732	-170,100	363	157,458	18,155	21,352	43,349	23,167

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1,501	2,002	2,670	3,560	4,747	6,330	8,440	11,254	15,006	16,296	12,569	12,239	9,557	6,757	6,182
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	1,637	0	0	0	0	0
Total Fixed Assets	1,501	2,002	2,670	3,560	4,747	6,330	8,440	11,254	15,006	17,933	12,569	12,239	9,557	6,757	6,182
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	48,070	39,954	37,027	51,210	34,611	68,724	60,552	12,410	0	0	0	0	3,024	7,480	3,901
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	40,950	25,409	0	2,244	4,018	5,326	0	0
Cash	0	0	0	0	0	0	0	203,208	64,939	270,998	323,041	168,399	176,700	192,347	140,520
misc current assets	0	0	0	0	0	0	0	0	0	159,566	159,566	155,566	155,566	155,566	155,566
total current assets	48,070	39,954	37,027	51,210	34,611	68,724	60,552	256,568	90,348	430,564	484,851	327,983	340,616	355,393	299,987
total assets	49,571	41,956	39,697	54,770	39,358	75,054	68,992	267,822	105,354	448,497	497,420	340,222	350,173	362,150	306,169
Bank overdraft	0	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	0
Trade Creditors	0	0	0	0	0	0	0	93,461	14,077	24,320	71,949	34,584	57,173	84,383	59,099
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	0	0	0	0	0	0	93,461	14,077	24,320	71,949	34,584	57,173	84,383	59,099
loans	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
Accruals and Deferred Income	2,000	2,000	2,000	1,900	1,900	6,408	1,850	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	285	380	507	676	902	1,604	1,604	2,832	0	0	0	0	0	0	0
total long term liabilities	2,285	2,380	2,507	2,576	2,802	8,012	3,454	2,832	0	0	0	0	0	0	0
total liabilities	2,285	2,380	2,507	2,576	2,802	8,012	3,454	96,293	14,077	24,320	71,949	34,584	57,173	84,383	59,099
net assets	47,286	39,576	37,190	52,194	36,556	67,042	65,538	171,529	91,277	424,177	425,471	305,638	293,000	277,767	247,070
total shareholders funds	47,286	39,576	37,190	52,194	36,556	67,042	65,538	171,529	91,277	424,177	425,471	305,638	293,000	277,767	247,070

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	10,280	2,946	-15,004	19,306	-30,486	1,857	-34,855	99,980	-174,174	-2,779	154,399	15,766	19,663	41,803	21,676
Depreciation	0	0	0	0	0	0	0	3,752	4,074	3,142	3,059	2,389	1,689	1,546	1,491
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,570	-560	0	-3,668	0	-353	0	-20,063	0	0	-35,794	-3,991	-5,352	-11,938	-6,168
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	8,116	2,927	-14,183	16,599	-34,113	8,172	7,192	27,951	23,772	-607	-1,774	-4,332	870	3,579	3,901
Creditors	0	0	0	0	0	0	-93,461	79,384	-10,243	-47,629	37,365	-22,589	-27,210	25,284	59,099
Accruals and Deferred Income	0	0	100	0	-4,508	4,558	1,850	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-95	-127	-169	-226	-702	0	-1,228	2,832	0	0	0	0	0	0	0
Cash flow from operations	-501	-668	-890	-1,187	-1,583	-2,110	-134,886	137,934	-204,115	-46,659	160,803	-4,093	-12,080	53,116	72,197
Investing Activities
capital expenditure	501	668	890	1,187	1,583	2,110	2,814	0	-2,784	-6,869	-3,389	-5,071	-4,489	-2,121	-7,673
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	501	668	890	1,187	1,583	2,110	2,814	0	-2,784	-6,869	-3,389	-5,071	-4,489	-2,121	-7,673
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	0	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	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	0	0	0	-71,644	0	-159,566	0	0	0	0	0	231,210
interest	0	0	0	0	0	0	508	335	840	1,485	1,229	863	923	832	351
cash flow from financing	0	0	0	0	0	0	-71,136	335	-158,726	1,485	1,229	863	923	832	231,561
cash and cash equivalents
cash	0	0	0	0	0	0	-203,208	138,269	-206,059	-52,043	154,642	-8,301	-15,647	51,827	140,520
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-203,208	138,269	-206,059	-52,043	154,642	-8,301	-15,647	51,827	140,520

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COUNTERSOFT LIMITED group structure

Countersoft Limited has no subsidiary companies.

Ultimate parent company

COUNTERSOFT LIMITED

05299579

COUNTERSOFT LIMITED Shareholders

harvinder singh kandola	44.64%
saar cohen	27.68%
akindele sikuade	27.68%

Countersoft Limited currently has 3 directors. The longest serving directors include Mr Ajay Kandola (Nov 2004) and Mr Saar Cohen (Nov 2004).

officer	country	age	start	end	role
Mr Ajay Kandola	United Kingdom	53 years	Nov 2004	-	Director
Mr Saar Cohen		51 years	Nov 2004	-	Director
Mr Akindele Sikuade	England	63 years	Jul 2010	-	Director

P&L

November 2023

turnover

166.8k

+29%

operating profit

10.3k

gross margin

42%

-1.49%

turnover

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

Balance Sheet

November 2023

net assets

47.3k

+0.19%

total assets

49.6k

+0.18%

cash

net assets

Total assets minus all liabilities

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company number

05299579

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

November 2004

ultimate parent company

None

previous names

N/A

address

86-90 paul street, london, EC2A 4NE

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countersoft limited Company Information

countersoft limited Estimated Valuation

countersoft limited Estimated Valuation

countersoft limited Estimated Valuation

Countersoft Limited Overview

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COUNTERSOFT LIMITED financials

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