Isource It Uk Limited

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isource it uk limited Company Information

Company Number

06320324

Next Accounts

Sep 2025

Directors

Geoffrey Shepherd

Shareholders

isg ventures limited

michelle coelho

Group Structure

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Industry

Temporary employment agency activities

Registered Address

suite 2, 3rd floor, goodbard house, leeds, LS1 2JP

Website

www.isourceit.co.uk

isource it uk limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of ISOURCE IT UK LIMITED at £3m based on a Turnover of £12.9m and 0.23x industry multiple (adjusted for size and gross margin).

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Isource It Uk Limited is a live company located in leeds, LS1 2JP with a Companies House number of 06320324. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in July 2007, it's largest shareholder is isg ventures limited with a 95% stake. Isource It Uk Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Isource It Uk Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £12.9m, make it in line with the average company (£13m)

Growth

3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (6.4%)

EXPORT

Isource It Uk Limited's latest turnover from December 2023 is estimated at £12.9 million and the company has net assets of £1.3 million. According to their latest financial statements, Isource It Uk Limited has 14 employees and maintains cash reserves of £187.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Aug 2010	Aug 2009
Turnover	12,874,296	15,805,600	4,098,329	3,205,622	4,844,881	5,873,452	6,276,744	9,830,007	7,485,833	15,659,461	8,238,807	7,868,637	4,708,218	3,946,011
Other Income Or Grants
Cost Of Sales	10,282,288	12,668,620	3,384,066	2,659,260	3,929,643	4,746,106	5,095,307	8,052,415	6,216,927	12,887,763	6,726,679	6,339,755	3,731,528	3,065,951
Gross Profit	2,592,008	3,136,980	714,263	546,363	915,238	1,127,346	1,181,437	1,777,592	1,268,906	2,771,698	1,512,128	1,528,882	976,690	880,060
Admin Expenses	2,502,398	2,638,429	718,386	672,715	663,836	914,236	1,093,443	1,942,138	1,101,561	2,406,239	1,366,614	1,347,262	976,636	743,528	-135,572
Operating Profit	89,610	498,551	-4,123	-126,352	251,402	213,110	87,994	-164,546	167,345	365,459	145,514	181,620	54	136,532	135,572
Interest Payable	56,718	50,433	31,029	18,966	19,998	25,226	28,888	16,278
Interest Receivable	6,135	1,580	114	37	187	88	222	177	275	246	120	38	370	445	96
Pre-Tax Profit	39,028	449,698	-35,038	-145,281	231,590	187,972	59,327	-180,647	167,620	365,705	145,634	181,658	424	136,976	135,668
Tax	-9,757	-85,443			-44,002	-35,715	-11,272		-33,524	-76,798	-33,496	-43,598	-110	-38,353	-37,987
Profit After Tax	29,271	364,255	-35,038	-145,281	187,588	152,257	48,055	-180,647	134,096	288,907	112,138	138,060	314	98,623	97,681
Dividends Paid
Retained Profit	29,271	364,255	-35,038	-145,281	187,588	152,257	48,055	-180,647	134,096	288,907	112,138	138,060	314	98,623	97,681
Employee Costs	787,411	847,336	652,635	958,063	928,487	795,491	902,451	994,684	787,904	3,168,187	1,667,890	1,647,642	1,039,403	932,492
Number Of Employees	14	16	13	20	19	17	20	22	18	74	39	38	25	24
EBITDA*	97,264	506,409	2,164	-119,594	259,374	222,608	102,972	-147,038	198,483	372,062	150,534	187,410	13,112	141,448	139,338

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Aug 2010	Aug 2009
Tangible Assets	23,515	21,076	23,681	21,065	27,823	31,830	38,803	53,577	64,389	57,842	14,724	18,690	22,966	5,831	9,951
Intangible Assets
Investments & Other	30,000	20,000						2	2	2	2	2	2	2
Debtors (Due After 1 year)			1,129,581	1,129,581	1,128,885	1,121,365	1,106,014	1,085,514
Total Fixed Assets	53,515	41,076	1,153,262	1,150,646	1,156,708	1,153,195	1,144,817	1,139,093	64,391	57,844	14,726	18,692	22,968	5,833	9,951
Stock & work in progress
Trade Debtors	1,607,399	2,053,611	680,621	170,478	532,181	692,545	972,960	1,538,881	1,003,892	1,491,663	881,516	849,118	499,759	430,816	171,922
Group Debtors	1,129,581	1,129,581
Misc Debtors	871,580	1,125,978	303,530	472,808	497,091	506,156	463,309	80,743	15,306
Cash	187,626	46,105	44,158	46,905	27,086	22,744	705	87,944	53,321	56,827	41,408	6,545	8,795	139,240	38,587
misc current assets									650,419
total current assets	3,796,186	4,355,275	1,028,309	690,191	1,056,358	1,221,445	1,436,974	1,707,568	1,722,938	1,548,490	922,924	855,663	508,554	570,056	210,509
total assets	3,849,701	4,396,351	2,181,571	1,840,837	2,213,066	2,374,640	2,581,791	2,846,661	1,787,329	1,606,334	937,650	874,355	531,522	575,889	220,460
Bank overdraft							152,500	145,275
Bank loan	205,439	146,626	109,368	99,811	104,326	180,168
Trade Creditors	566,418	908,537	89,347	223,108	308,925	429,849	242,377	309,132	407,791	861,138	488,212	536,834	331,206	377,585	120,779
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	1,455,024	1,742,452	603,761	271,175	607,253	630,938	1,037,326	1,114,757	501,129
total current liabilities	2,226,881	2,797,615	802,476	594,094	1,020,504	1,240,955	1,432,203	1,569,164	908,920	861,138	488,212	536,834	331,206	377,585	120,779
loans	325,292	330,955	474,792	308,950	108,760	199,290	215,488	375,610
hp & lease commitments
Accruals and Deferred Income
other liabilities						37,500	187,500	200,000
provisions	5,249	4,773	5,550	4,002	4,730	5,411	7,373	10,715	6,590	7,473	622	843	1,698
total long term liabilities	330,541	335,728	480,342	312,952	113,490	242,201	410,361	586,325	6,590	7,473	622	843	1,698
total liabilities	2,557,422	3,133,343	1,282,818	907,046	1,133,994	1,483,156	1,842,564	2,155,489	915,510	868,611	488,834	537,677	332,904	377,585	120,779
net assets	1,292,279	1,263,008	898,753	933,791	1,079,072	891,484	739,227	691,172	871,819	737,723	448,816	336,678	198,618	198,304	99,681
total shareholders funds	1,292,279	1,263,008	898,753	933,791	1,079,072	891,484	739,227	691,172	871,819	737,723	448,816	336,678	198,618	198,304	99,681

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	89,610	498,551	-4,123	-126,352	251,402	213,110	87,994	-164,546	167,345	365,459	145,514	181,620	54	136,532	135,572
Depreciation	7,654	7,858	6,287	6,758	7,972	9,498	14,978	17,508	31,138	6,603	5,020	5,790	13,058	4,916	3,766
Amortisation
Tax	-9,757	-85,443			-44,002	-35,715	-11,272		-33,524	-76,798	-33,496	-43,598	-110	-38,353	-37,987
Stock
Debtors	-700,610	2,195,438	340,865	-385,290	-161,909	-222,217	-162,855	1,685,940	-472,465	610,147	32,398	349,359	68,943	258,894	171,922
Creditors	-342,119	819,190	-133,761	-85,817	-120,924	187,472	-66,755	-98,659	-453,347	372,926	-48,622	205,628	-46,379	256,806	120,779
Accruals and Deferred Income	-287,428	1,138,691	332,586	-336,078	-23,685	-406,388	-77,431	613,628	501,129
Deferred Taxes & Provisions	476	-777	1,548	-728	-681	-1,962	-3,342	4,125	-883	6,851	-221	-855	1,698
Cash flow from operations	159,046	182,632	-138,328	-156,927	231,991	188,232	107,027	-1,313,884	684,323	64,894	35,797	-774	-100,622	101,007	50,208
Investing Activities
capital expenditure	-10,093	-5,253	-8,903		-3,965	-2,525	-204	-6,696	-37,685	-49,721	-1,054	-1,514	-30,193	-796	-13,717
Change in Investments	10,000	20,000					-2							2
cash flow from investments	-20,093	-25,253	-8,903		-3,965	-2,525	-202	-6,696	-37,685	-49,721	-1,054	-1,514	-30,193	-798	-13,717
Financing Activities
Bank loans	58,813	37,258	9,557	-4,515	-75,842	180,168
Group/Directors Accounts
Other Short Term Loans
Long term loans	-5,663	-143,837	165,842	200,190	-90,530	-16,198	-160,122	375,610
Hire Purchase and Lease Commitments
other long term liabilities					-37,500	-150,000	-12,500	200,000
share issue															2,000
interest	-50,583	-48,853	-30,915	-18,929	-19,811	-25,138	-28,666	-16,101	275	246	120	38	370	445	96
cash flow from financing	2,567	-155,432	144,484	176,746	-223,683	-11,168	-201,288	559,509	275	246	120	38	370	445	2,096
cash and cash equivalents
cash	141,521	1,947	-2,747	19,819	4,342	22,039	-87,239	34,623	-3,506	15,419	34,863	-2,250	-130,445	100,653	38,587
overdraft						-152,500	7,225	145,275
change in cash	141,521	1,947	-2,747	19,819	4,342	174,539	-94,464	-110,652	-3,506	15,419	34,863	-2,250	-130,445	100,653	38,587

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ISOURCE IT UK LIMITED group structure

Isource It Uk Limited has no subsidiary companies.

Ultimate parent company

ISG VENTURES LIMITED

10108823

1 parent

ISOURCE IT UK LIMITED

06320324

ISOURCE IT UK LIMITED Shareholders

isg ventures limited	95%
michelle coelho	5%

Isource It Uk Limited currently has 1 director, Mr Geoffrey Shepherd serving since Jul 2008.

officer	country	age	start	end	role
Mr Geoffrey Shepherd	United Kingdom	55 years	Jul 2008	-	Director

P&L

December 2023

turnover

12.9m

-19%

operating profit

89.6k

gross margin

20.2%

+1.44%

turnover

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

Balance Sheet

December 2023

net assets

1.3m

+0.02%

total assets

3.8m

-0.12%

cash

187.6k

+3.07%

net assets

Total assets minus all liabilities

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company number

06320324

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

78300 - Other human resources provision

incorporation date

July 2007

ultimate parent company

ISG VENTURES LIMITED

previous names

N/A

address

suite 2, 3rd floor, goodbard house, leeds, LS1 2JP

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 6 charges/mortgages relating to isource it uk limited. Currently there are 2 open charges and 4 have been satisfied in the past.

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isource it uk limited Company Information

isource it uk limited Estimated Valuation

isource it uk limited Estimated Valuation

isource it uk limited Estimated Valuation

Isource It Uk Limited Overview

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ISOURCE IT UK LIMITED financials

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