Pomanda estimates the enterprise value of AREA I.T. CONSULTANTS LIMITED at £104.5k based on a Turnover of £171.1k and 0.61x industry multiple (adjusted for size and gross margin).
area i.t. consultants limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of AREA I.T. CONSULTANTS LIMITED at £0 based on an EBITDA of £-4.8k and a 4.15x industry multiple (adjusted for size and gross margin).
area i.t. consultants limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of AREA I.T. CONSULTANTS LIMITED at £0 based on Net Assets of £-13.5k and 2.26x industry multiple (adjusted for liquidity).
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Area I.t. Consultants LimitedOverview
Area I.t. Consultants Limited is a live company located in county durham, DH9 0DQ with a Companies House number of 05560790. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2005, it's largest shareholder is
andrew armstrong
with a 50% stake. Area I.t. Consultants Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£171.1k with
high
growth in recent years.
Pomanda's financial health check has awarded Area I.T. Consultants Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £171.1k, make it smaller than the average company (£1.9m)
£171.1k - Area I.t. Consultants Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (10.3%)
23% - Area I.t. Consultants Limited
10.3% - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
45.2% - Area I.t. Consultants Limited
45.2% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (5.6%)
-3.2% - Area I.t. Consultants Limited
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Area I.t. Consultants Limited
13 - Industry AVG
Pay Structure
on an average salary of £62.4k, the company has an equivalent pay structure (£62.4k)
£62.4k - Area I.t. Consultants Limited
£62.4k - Industry AVG
Efficiency
resulting in sales per employee of £85.6k, this is less efficient (£134k)
£85.6k - Area I.t. Consultants Limited
£134k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Area I.t. Consultants Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (28 days)
2 days - Area I.t. Consultants Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Area I.t. Consultants Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Area I.t. Consultants Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45076.7%, this is a higher level of debt than the average (56.3%)
45076.7% - Area I.t. Consultants Limited
56.3% - Industry AVG
AREA I.T. CONSULTANTS LIMITED financials
EXPORT
Area I.T. Consultants Limited's latest turnover from September 2024 is estimated at £171.1 thousand and the company has net assets of -£13.5 thousand. According to their latest financial statements, Area I.T. Consultants Limited has 2 employees and maintains cash reserves of £30 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
171,119
160,631
98,839
92,790
73,037
152,659
165,554
2,497
42,683
2,289
101,478
98,597
68,317
71,057
10,509
Other Income Or Grants
Cost Of Sales
93,809
82,519
51,593
47,759
36,953
76,437
80,198
1,117
18,540
1,006
44,549
40,728
27,189
30,559
4,294
Gross Profit
77,310
78,112
47,246
45,031
36,084
76,222
85,357
1,379
24,142
1,283
56,929
57,869
41,128
40,498
6,215
Admin Expenses
82,762
86,437
57,507
103,207
-45,694
77,846
85,638
4,104
66,498
-15,282
44,803
40,454
33,421
23,127
13,182
-251
Operating Profit
-5,452
-8,325
-10,261
-58,176
81,778
-1,624
-281
-2,725
-42,356
16,565
12,126
17,415
7,707
17,371
-6,967
251
Interest Payable
Interest Receivable
2
2
7
29
37
120
152
89
107
311
248
188
125
64
15
9
Pre-Tax Profit
-5,451
-8,323
-10,254
-58,147
81,815
-1,504
-129
-2,636
-42,249
16,876
12,373
17,604
7,832
17,435
-6,952
260
Tax
-15,545
-3,375
-2,598
-4,049
-1,880
-4,533
-73
Profit After Tax
-5,451
-8,323
-10,254
-58,147
66,270
-1,504
-129
-2,636
-42,249
13,501
9,775
13,555
5,952
12,902
-6,952
187
Dividends Paid
Retained Profit
-5,451
-8,323
-10,254
-58,147
66,270
-1,504
-129
-2,636
-42,249
13,501
9,775
13,555
5,952
12,902
-6,952
187
Employee Costs
124,739
113,333
105,325
97,437
101,904
106,458
116,864
54,585
58,928
58,717
58,543
56,712
55,600
54,547
52,718
Number Of Employees
2
2
2
2
2
2
2
1
1
1
1
1
1
1
1
EBITDA*
-4,759
-7,590
-10,032
-57,907
81,995
-1,388
-148
-2,636
-42,272
16,616
12,134
17,424
7,718
17,709
-6,595
623
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
4,811
1,341
1,570
1,228
1,445
1,029
502
476
291
43
51
60
71
409
781
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,811
1,341
1,570
1,228
1,445
1,029
502
476
291
43
51
60
71
409
781
Stock & work in progress
5,820
3,000
9,500
7,200
Trade Debtors
8,738
8,738
8
8,760
8,546
1,781
31
Group Debtors
Misc Debtors
767
368
Cash
30
30
45
536
58,083
15,935
16,070
24,500
11,245
74,502
50,095
48,970
26,425
23,421
2,366
3,499
misc current assets
876
28,808
483
total current assets
30
30
9,550
10,150
93,087
18,935
25,570
24,500
20,488
74,502
57,295
48,970
34,971
23,421
4,147
3,530
total assets
30
4,841
10,891
11,720
94,315
20,380
26,599
25,002
20,964
74,793
57,338
49,021
35,031
23,492
4,556
4,311
Bank overdraft
Bank loan
Trade Creditors
634
513
1,149
536
500
500
500
500
500
500
21,909
23,367
22,932
17,345
927
4,077
Group/Directors Accounts
12,889
11,456
9,461
649
35
2,069
422
146
10,347
other short term finances
hp & lease commitments
other current liabilities
24,900
17,158
19,919
20,035
13,783
25,217
total current liabilities
13,523
11,969
10,610
1,185
25,400
17,693
22,488
20,957
14,283
25,863
21,909
23,367
22,932
17,345
11,274
4,077
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
914
233
275
195
37
37
total long term liabilities
914
233
275
195
37
37
total liabilities
13,523
12,883
10,610
1,185
25,633
17,968
22,683
20,957
14,283
25,863
21,909
23,367
22,932
17,345
11,311
4,114
net assets
-13,493
-8,042
281
10,535
68,682
2,412
3,916
4,045
6,681
48,930
35,429
25,654
12,099
6,147
-6,755
197
total shareholders funds
-13,493
-8,042
281
10,535
68,682
2,412
3,916
4,045
6,681
48,930
35,429
25,654
12,099
6,147
-6,755
197
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-5,452
-8,325
-10,261
-58,176
81,778
-1,624
-281
-2,725
-42,356
16,565
12,126
17,415
7,707
17,371
-6,967
251
Depreciation
693
735
229
269
217
236
133
89
84
51
8
9
11
338
372
372
Amortisation
Tax
-15,545
-3,375
-2,598
-4,049
-1,880
-4,533
-73
Stock
-5,820
2,820
-6,500
9,500
-7,200
7,200
Debtors
-9,505
767
8,362
376
-8,760
8,760
-8,546
8,546
-1,781
1,750
31
Creditors
121
-636
613
36
-21,409
-1,458
435
5,587
16,418
-3,150
4,077
Accruals and Deferred Income
-24,900
7,742
-2,761
-116
6,252
-11,434
25,217
Deferred Taxes & Provisions
-914
914
-233
-42
80
195
-37
37
Cash flow from operations
-5,552
2,193
-10,186
-85,546
70,954
2,431
-9,569
12,376
-62,466
24,249
878
22,356
2,879
31,338
-11,495
4,633
Investing Activities
capital expenditure
4,118
-4,205
-611
-652
-660
-115
-269
-299
-1,153
Change in Investments
cash flow from investments
4,118
-4,205
-611
-652
-660
-115
-269
-299
-1,153
Financing Activities
Bank loans
Group/Directors Accounts
1,433
1,995
8,812
649
-35
-2,034
1,647
422
-146
146
-10,347
10,347
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
10
interest
2
2
7
29
37
120
152
89
107
311
248
188
125
64
15
9
cash flow from financing
1,435
1,997
8,819
678
2
-1,914
1,799
511
-39
457
248
188
125
-10,283
10,362
19
cash and cash equivalents
cash
-15
-491
-57,547
42,148
-135
-8,430
13,255
-63,257
24,407
1,125
22,545
3,004
21,055
-1,133
3,499
overdraft
change in cash
-15
-491
-57,547
42,148
-135
-8,430
13,255
-63,257
24,407
1,125
22,545
3,004
21,055
-1,133
3,499
area i.t. consultants limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for area i.t. consultants limited. Get real-time insights into area i.t. consultants limited's credit score, group structure and payment trends.
Perform a competitor analysis for area i.t. consultants limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in DH9 area or any other competitors across 12 key performance metrics.
area i.t. consultants limited Ownership
AREA I.T. CONSULTANTS LIMITED group structure
Area I.T. Consultants Limited has no subsidiary companies.
Ultimate parent company
AREA I.T. CONSULTANTS LIMITED
05560790
AREA I.T. CONSULTANTS LIMITED Shareholders
The largest shareholders in Area I.T. Consultants Limited include Andrew Armstrong and Elaine Armstrong.
andrew armstrong
50%
elaine armstrong
50%
area i.t. consultants limited directors
Area I.T. Consultants Limited currently has 2 directors.
The longest serving directors include
Mr Andrew Armstrong (Dec 2005) and
Mrs Elaine Armstrong (Dec 2005).
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 area i.t. consultants limited.
area i.t. consultants 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.
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area i.t. consultants limitedCompanies House Filings - See Documents
