Creektown Solutions Limited

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creektown solutions limited Company Information

Live

EstablishedMicroDeclining

Company Number

06161463

Website

Registered Address

20 byron way, romford, essex, RM3 7PS

Industry

Other business support service activities n.e.c.

Other information technology and computer service activities

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Adebayo Ademiju17 Years

Nkeiru Ademiju13 Years

Shareholders

adebayo adewale ademiju & nkeiru agatha ademiju 100%

creektown solutions limited Estimated Valuation

£75.7k

Pomanda estimates the enterprise value of CREEKTOWN SOLUTIONS LIMITED at £75.7k based on a Turnover of £164k and 0.46x industry multiple (adjusted for size and gross margin).

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Creektown Solutions Limited is a live company located in essex, RM3 7PS with a Companies House number of 06161463. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2007, it's largest shareholder is adebayo adewale ademiju & nkeiru agatha ademiju with a 100% stake. Creektown Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £164k with declining growth in recent years.

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Pomanda's financial health check has awarded Creektown Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £164k, make it smaller than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.2%)

EXPORT

Creektown Solutions Limited's latest turnover from March 2023 is estimated at £164 thousand and the company has net assets of £31.1 thousand. According to their latest financial statements, Creektown Solutions Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	164,037	197,828	200,799	199,016	274,374	200,530	66,904	12,929	46,618	65,856	97,541	50,026	16,194	33,483
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	128,511	155,666	160,372	156,832	215,840	155,868	51,211	9,961	35,866	50,487	73,997	37,658	12,255	24,973
Gross Profit	35,526	42,162	40,427	42,184	58,534	44,662	15,692	2,968	10,752	15,368	23,544	12,368	3,939	8,510
Admin Expenses	49,096	43,409	54,007	58,375	44,533	49,540	26,223	-11,042	-50,030	25,452	-1,946	9,970	3,445	-2,312
Operating Profit	-13,570	-1,247	-13,580	-16,191	14,001	-4,878	-10,531	14,010	60,782	-10,084	25,490	2,398	494	10,822
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	91	137	353	303	269	218	113	81	50
Pre-Tax Profit	-13,570	-1,247	-13,580	-16,191	14,001	-4,787	-10,394	14,363	61,085	-9,815	25,708	2,511	575	10,872
Tax	0	0	0	0	-2,660	0	0	-2,872	-12,828	0	-6,170	-653	-161	-3,044
Profit After Tax	-13,570	-1,247	-13,580	-16,191	11,341	-4,787	-10,394	11,490	48,257	-9,815	19,538	1,858	414	7,828
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,570	-1,247	-13,580	-16,191	11,341	-4,787	-10,394	11,490	48,257	-9,815	19,538	1,858	414	7,828
Employee Costs	109,675	104,928	100,346	97,038	47,893	45,663	44,640	44,334	44,472	43,454	42,282	42,373	41,343	41,705
Number Of Employees	2	2	2	2	1	1	1	1	1	1	1	1	1	1
EBITDA*	-13,570	-1,247	-13,580	-16,191	14,001	-4,878	-4,529	21,905	71,561	-9,652	26,065	2,919	1,021	10,822

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	10,129	13,505	18,007	24,009	31,904	1,295	1,727	1,562	1,583	0
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	0	0	0	0	10,129	13,505	18,007	24,009	31,904	1,295	1,727	1,562	1,583	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	53,904	71,300	74,809	70,515	84,641	64,386	20,000	739	7,062	11,456	20,119	0	3,400	7,054
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	36,336	73,073	67,983	53,128	54,347	32,694	12,488	19,904
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	53,904	71,300	74,809	70,515	84,641	64,386	56,336	73,812	75,045	64,584	74,466	32,694	15,888	26,958
total assets	53,904	71,300	74,809	70,515	94,770	77,891	74,343	97,821	106,949	65,879	76,193	34,256	17,471	26,958
Bank overdraft	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
Trade Creditors	350	350	350	10,976	19,040	13,502	5,067	18,151	38,769	45,956	46,455	24,056	9,129	19,030
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	350	350	350	10,976	19,040	13,502	5,067	18,151	38,769	45,956	46,455	24,056	9,129	19,030
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	22,412	26,238	28,500	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	22,412	26,238	28,500	0	0	0	0	0	0	0	0	0	0	0
total liabilities	22,762	26,588	28,850	10,976	19,040	13,502	5,067	18,151	38,769	45,956	46,455	24,056	9,129	19,030
net assets	31,142	44,712	45,959	59,539	75,730	64,389	69,276	79,670	68,180	19,923	29,738	10,200	8,342	7,928
total shareholders funds	31,142	44,712	45,959	59,539	75,730	64,389	69,276	79,670	68,180	19,923	29,738	10,200	8,342	7,928

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-13,570	-1,247	-13,580	-16,191	14,001	-4,878	-10,531	14,010	60,782	-10,084	25,490	2,398	494	10,822
Depreciation	0	0	0	0	0	0	6,002	7,895	10,779	432	575	521	527	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-2,660	0	0	-2,872	-12,828	0	-6,170	-653	-161	-3,044
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-17,396	-3,509	4,294	-14,126	20,255	44,386	19,261	-6,323	-4,394	-8,663	20,119	-3,400	-3,654	7,054
Creditors	0	0	-10,626	-8,064	5,538	8,435	-13,084	-20,618	-7,187	-499	22,399	14,927	-9,901	19,030
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,826	2,262	-28,500	-10,129	-3,376	-40,829	-36,874	4,738	55,940	-1,488	22,175	20,593	-5,387	19,754
Investing Activities
capital expenditure	0	0	0	10,129	3,376	4,502	0	0	-41,388	0	-740	-500	-2,110	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	10,129	3,376	4,502	0	0	-41,388	0	-740	-500	-2,110	0
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	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	-3,826	-2,262	28,500	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	91	137	353	303	269	218	113	81	50
cash flow from financing	-3,826	-2,262	28,500	0	0	-9	137	353	303	269	218	113	81	150
cash and cash equivalents
cash	0	0	0	0	0	-36,336	-36,737	5,090	14,855	-1,219	21,653	20,206	-7,416	19,904
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-36,336	-36,737	5,090	14,855	-1,219	21,653	20,206	-7,416	19,904

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CREEKTOWN SOLUTIONS LIMITED group structure

Creektown Solutions Limited has no subsidiary companies.

Ultimate parent company

CREEKTOWN SOLUTIONS LIMITED

06161463

CREEKTOWN SOLUTIONS LIMITED Shareholders

adebayo adewale ademiju & nkeiru agatha ademiju

100%

Creektown Solutions Limited currently has 2 directors. The longest serving directors include Mr Adebayo Ademiju (Mar 2007) and Mrs. Nkeiru Ademiju (Apr 2011).

officer	country	age	start	end	role
Mr Adebayo Ademiju		56 years	Mar 2007	-	Director
Mrs. Nkeiru Ademiju		55 years	Apr 2011	-	Director

P&L

March 2023

turnover

164k

-17%

operating profit

-13.6k

gross margin

21.7%

+1.62%

turnover

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

Balance Sheet

March 2023

net assets

31.1k

-0.3%

total assets

53.9k

-0.24%

cash

net assets

Total assets minus all liabilities

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company number

06161463

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

62090 - Other information technology and computer service activities

incorporation date

March 2007

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

20 byron way, romford, essex, RM3 7PS

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 creektown solutions limited.

creektown solutions limited Company Information

creektown solutions limited Estimated Valuation

creektown solutions limited Estimated Valuation

creektown solutions limited Estimated Valuation

Creektown Solutions Limited Overview

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CREEKTOWN SOLUTIONS LIMITED financials

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creektown solutions limited Ownership

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