Optimity It Limited

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optimity it limited Company Information

Live

EstablishedSmallHigh

Company Number

05898590

Website

www.pebbleit.com

Registered Address

4a byron house lansdowne court, chippenham, wiltshire, SN14 6RZ

Industry

Computer consultancy activities

Telephone

02033271081

Next Accounts Due

26 days late

Group Structure

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Directors

David Osen8 Years

Leeland Pavey4 Years

Shareholders

optimity limited 100%

optimity it limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of OPTIMITY IT LIMITED at £2.4m based on an EBITDA of £470.5k and a 5.2x industry multiple (adjusted for size and gross margin).

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Optimity It Limited is a live company located in wiltshire, SN14 6RZ with a Companies House number of 05898590. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 2006, it's largest shareholder is optimity limited with a 100% stake. Optimity It Limited is a established, small sized company, Pomanda has estimated its turnover at £2.8m with high growth in recent years.

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Pomanda's financial health check has awarded Optimity It Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £2.8m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (4.4%)

EXPORT

Optimity It Limited's latest turnover from December 2022 is estimated at £2.8 million and the company has net assets of £933.1 thousand. According to their latest financial statements, Optimity It Limited has 11 employees and maintains cash reserves of £177.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	2,762,490	1,606,162	1,209,026	1,394,946	847,048	1,067,981	1,143,482	883,038	801,098	891,252	381,510	503,277	453,497	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,486,649	859,739	624,096	658,179	377,901	440,271	457,499	347,859	300,361	309,768	133,652	193,221	164,521	0
Gross Profit	1,275,840	746,423	584,930	736,767	469,148	627,709	685,983	535,179	500,738	581,484	247,858	310,057	288,976	0
Admin Expenses	922,529	780,115	236,868	525,804	664,834	399,946	429,034	471,040	507,364	547,315	237,433	305,931	354,157	-8,794
Operating Profit	353,311	-33,692	348,062	210,963	-195,686	227,763	256,949	64,139	-6,626	34,169	10,425	4,126	-65,181	8,794
Interest Payable	0	0	28	33	2	0	0	0	0	0	0	0	0	0
Interest Receivable	6,316	499	223	1,782	2,042	565	254	123	15	62	47	2	2	0
Pre-Tax Profit	359,627	-33,193	348,257	212,711	-193,647	228,328	257,203	64,263	-6,611	34,231	10,472	4,128	-65,179	8,794
Tax	-68,329	0	-66,169	-40,415	0	-43,382	-51,440	-12,852	0	-7,873	-2,513	-1,073	0	-2,462
Profit After Tax	291,298	-33,193	282,088	172,296	-193,647	184,946	205,762	51,410	-6,611	26,358	7,959	3,055	-65,179	6,332
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	291,298	-33,193	282,088	172,296	-193,647	184,946	205,762	51,410	-6,611	26,358	7,959	3,055	-65,179	6,332
Employee Costs	621,954	107,475	396,429	554,953	592,954	561,251	517,086	400,554	345,908	380,208	162,212	214,500	204,755	0
Number Of Employees	11	2	8	11	11	11	9	7	6	7	3	4	4	0
EBITDA*	470,507	-28,344	351,349	216,044	-190,631	234,068	262,612	68,452	-2,589	38,514	17,965	11,115	-57,234	8,794

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	274,329	30,444	3,450	3,527	11,163	6,812	11,249	8,837	2,672	6,709	3,322	6,363	9,254	17,201
Intangible Assets	13,164	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	287,493	30,444	3,450	3,527	11,163	6,812	11,249	8,837	2,672	6,709	3,322	6,363	9,254	17,201
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	675,932	417,136	302,541	355,482	155,658	237,092	216,574	137,291	122,020	128,844	49,270	65,814	61,928	33,036
Group Debtors	2,224,140	983,118	559,593	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	716,774	140,271	114,740	100,325	50,535	73,332	0	0	0	0	0	0	0	0
Cash	177,708	183,189	216,150	229,360	245,739	298,668	153,471	49,342	0	6,026	18,877	0	820	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,794,554	1,723,714	1,193,024	685,167	451,932	609,092	370,045	186,633	122,020	134,870	68,147	65,814	62,748	33,036
total assets	4,082,047	1,754,158	1,196,474	688,694	463,095	615,904	381,294	195,470	124,692	141,579	71,469	72,177	72,002	50,237
Bank overdraft	0	0	0	922	70	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
Trade Creditors	313,418	254,941	67,726	73,418	36,645	52,089	35,288	171,946	152,578	162,854	119,102	127,769	130,749	38,805
Group/Directors Accounts	73,934	565,810	226,881	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,733,218	284,185	226,898	221,473	205,795	149,583	116,720	0	0	0	0	0	0	0
total current liabilities	3,120,570	1,104,936	521,505	295,813	242,510	201,672	152,008	171,946	152,578	162,854	119,102	127,769	130,749	38,805
loans	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
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	4,000
provisions	28,403	7,446	0	0	0	0	0	0	0	0	0	0	0	1,000
total long term liabilities	28,403	7,446	0	0	0	0	0	0	0	0	0	0	0	5,000
total liabilities	3,148,973	1,112,382	521,505	295,813	242,510	201,672	152,008	171,946	152,578	162,854	119,102	127,769	130,749	43,805
net assets	933,074	641,776	674,969	392,881	220,585	414,232	229,286	23,524	-27,886	-21,275	-47,633	-55,592	-58,747	6,432
total shareholders funds	933,074	641,776	674,969	392,881	220,585	414,232	229,286	23,524	-27,886	-21,275	-47,633	-55,592	-58,747	6,432

	Dec 2022	Dec 2021	Dec 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	353,311	-33,692	348,062	210,963	-195,686	227,763	256,949	64,139	-6,626	34,169	10,425	4,126	-65,181	8,794
Depreciation	116,771	5,348	3,287	5,081	5,055	6,305	5,663	4,313	4,037	4,345	7,540	6,989	7,947	0
Amortisation	425	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-68,329	0	-66,169	-40,415	0	-43,382	-51,440	-12,852	0	-7,873	-2,513	-1,073	0	-2,462
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,076,321	563,651	521,067	249,614	-104,231	93,850	79,283	15,271	-6,824	79,574	-16,544	3,886	28,892	33,036
Creditors	58,477	187,215	-5,692	36,773	-15,444	16,801	-136,658	19,368	-10,276	43,752	-8,667	-2,980	91,944	38,805
Accruals and Deferred Income	2,449,033	57,287	5,425	15,678	56,212	32,863	116,720	0	0	0	0	0	0	0
Deferred Taxes & Provisions	20,957	7,446	0	0	0	0	0	0	0	0	0	0	-1,000	1,000
Cash flow from operations	854,324	-340,047	-236,154	-21,534	-45,632	146,500	111,951	59,697	-6,041	-5,181	23,329	3,176	4,818	13,101
Investing Activities
capital expenditure	-374,245	-32,342	-3,210	2,555	-9,406	-1,868	-8,075	-10,478	0	-7,732	-4,499	-4,098	0	-17,201
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-374,245	-32,342	-3,210	2,555	-9,406	-1,868	-8,075	-10,478	0	-7,732	-4,499	-4,098	0	-17,201
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-491,876	338,929	226,881	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
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-4,000	4,000
share issue	0	0	0	0	0	0	0	0	0	0	0	100	0	100
interest	6,316	499	195	1,749	2,040	565	254	123	15	62	47	2	2	0
cash flow from financing	-485,560	339,428	227,076	1,749	2,040	565	254	123	15	62	47	102	-3,998	4,100
cash and cash equivalents
cash	-5,481	-32,961	-13,210	-16,379	-52,929	145,197	104,129	49,342	-6,026	-12,851	18,877	-820	820	0
overdraft	0	0	-922	852	70	0	0	0	0	0	0	0	0	0
change in cash	-5,481	-32,961	-12,288	-17,231	-52,999	145,197	104,129	49,342	-6,026	-12,851	18,877	-820	820	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIMITY IT LIMITED group structure

Optimity It Limited has no subsidiary companies.

Ultimate parent company

OPTIMITY HOLDINGS LIMITED

10064229

OPTIMITY LIMITED

04414356

2 parents

OPTIMITY IT LIMITED

05898590

OPTIMITY IT LIMITED Shareholders

optimity limited

100%

Optimity It Limited currently has 2 directors. The longest serving directors include Mr David Osen (Nov 2015) and Mr Leeland Pavey (Mar 2020).

officer	country	age	start	end	role
Mr David Osen	England	59 years	Nov 2015	-	Director
Mr Leeland Pavey	England	54 years	Mar 2020	-	Director

P&L

December 2022

turnover

2.8m

+72%

operating profit

353.3k

gross margin

46.2%

-0.62%

turnover

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

Balance Sheet

December 2022

net assets

933.1k

+0.45%

total assets

4.1m

+1.33%

cash

177.7k

-0.03%

net assets

Total assets minus all liabilities

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company number

05898590

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

August 2006

ultimate parent company

OPTIMITY HOLDINGS LIMITED

previous names

pebble it limited (April 2020)

address

4a byron house lansdowne court, chippenham, wiltshire, SN14 6RZ

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 optimity it limited. Currently there are 1 open charges and 1 have been satisfied in the past.

optimity it limited Company Information

optimity it limited Estimated Valuation

optimity it limited Estimated Valuation

optimity it limited Estimated Valuation

Optimity It Limited Overview

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OPTIMITY IT LIMITED financials

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