european it ltd
european it ltd Company Information
Company Number
06369269
Website
briteuropean.co.ukRegistered Address
c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA
Industry
Business and domestic software development
Telephone
01277222920
Next Accounts Due
September 2024
Group Structure
View All
Directors
Mehul Sheth16 Years
Shareholders
mehul sheth 100%
european it ltd Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN IT LTD at £169.6k based on a Turnover of £264.5k and 0.64x industry multiple (adjusted for size and gross margin).
european it ltd Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN IT LTD at £462k based on an EBITDA of £107.9k and a 4.28x industry multiple (adjusted for size and gross margin).
european it ltd Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN IT LTD at £315.9k based on Net Assets of £133.5k and 2.37x industry multiple (adjusted for liquidity).
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European It Ltd Overview
European It Ltd is a dissolved company that was located in harrow, HA1 1BA with a Companies House number of 06369269. It operated in the business and domestic software development sector, SIC Code 62012. Founded in September 2007, it's largest shareholder was mehul sheth with a 100% stake. The last turnover for European It Ltd was estimated at £264.5k.
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European It Ltd Health Check
Pomanda's financial health check has awarded European It Ltd 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
5 Strong
1 Regular
4 Weak
Size
annual sales of £308.8k, make it smaller than the average company (£1.4m)
- European It Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 314%, show it is growing at a faster rate (7.7%)
- European It Ltd
7.7% - Industry AVG
Production
with a gross margin of 43.2%, this company has a higher cost of product (74.2%)
- European It Ltd
74.2% - Industry AVG
Profitability
an operating margin of 36.8% make it more profitable than the average company (4.5%)
- European It Ltd
4.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - European It Ltd
25 - Industry AVG
Pay Structure
on an average salary of £57.2k, the company has an equivalent pay structure (£57.2k)
- European It Ltd
£57.2k - Industry AVG
Efficiency
resulting in sales per employee of £308.8k, this is more efficient (£102.2k)
- European It Ltd
£102.2k - Industry AVG
Debtor Days
it gets paid by customers after 207 days, this is later than average (67 days)
- European It Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (47 days)
- European It Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- European It Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - European It Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.7%, this is a lower level of debt than the average (60.8%)
22.7% - European It Ltd
60.8% - Industry AVG
EUROPEAN IT LTD financials
European It Ltd's latest turnover from December 2020 is estimated at £264.5 thousand and the company has net assets of £133.5 thousand. According to their latest financial statements, European It Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 55,955 | |||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | 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 | 2,825 | 898 | 1,197 | 1,596 | 2,128 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 2,825 | 898 | 1,197 | 1,596 | 2,128 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 136,412 | 175,762 | 85,515 | 34,371 | 691 | 13,038 | 701 | 2,506 | 14,558 | 1,040 | 1,040 | 1,019 |
| Group Debtors | 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 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,929 | 13,492 | 2,773 | 1,840 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 136,412 | 175,762 | 85,515 | 34,371 | 691 | 13,038 | 701 | 2,506 | 18,487 | 14,532 | 3,813 | 2,859 |
| total assets | 136,412 | 178,587 | 86,413 | 35,568 | 2,287 | 15,166 | 701 | 2,506 | 18,487 | 14,532 | 3,813 | 2,859 |
| Bank overdraft | 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 |
| Trade Creditors | 2,941 | 40,510 | 40,345 | 34,437 | 23,315 | 26,774 | 10,538 | 4,666 | 9,096 | 10,141 | 8,543 | 7,300 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 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 |
| total current liabilities | 2,941 | 40,510 | 40,345 | 34,437 | 23,315 | 26,774 | 10,538 | 4,666 | 9,096 | 10,141 | 8,543 | 7,300 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,941 | 40,510 | 40,345 | 34,437 | 23,315 | 26,774 | 10,538 | 4,666 | 9,096 | 10,141 | 8,543 | 7,300 |
| net assets | 133,471 | 138,077 | 46,068 | 1,131 | -21,028 | -11,608 | -9,837 | -2,160 | 9,391 | 4,391 | -4,730 | -4,441 |
| total shareholders funds | 133,471 | 138,077 | 46,068 | 1,131 | -21,028 | -11,608 | -9,837 | -2,160 | 9,391 | 4,391 | -4,730 | -4,441 |
| Dec 2020 | 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 | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 50,897 | 90,247 | 51,144 | 33,680 | -12,347 | 12,337 | -1,805 | -12,052 | 13,518 | 0 | 21 | 1,019 |
| Creditors | -37,404 | 165 | 5,908 | 11,122 | -3,459 | 16,236 | 5,872 | -4,430 | -1,045 | 1,598 | 1,243 | 7,300 |
| Accruals and Deferred Income | 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 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,929 | -9,563 | 10,719 | 933 | 1,840 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,929 | -9,563 | 10,719 | 933 | 1,840 |
european it ltd Credit Report and Business Information
European It Ltd Competitor Analysis
Perform a competitor analysis for european it ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in HA1 area or any other competitors across 12 key performance metrics.
european it ltd Ownership
EUROPEAN IT LTD group structure
European It Ltd has no subsidiary companies.
Ultimate parent company
EUROPEAN IT LTD
06369269
european it ltd directors
European It Ltd currently has 1 director, Mr Mehul Sheth serving since Feb 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mehul Sheth | England | 47 years | Feb 2008 | - | Director |
P&L
December 2020turnover
264.5k
+11%
operating profit
107.9k
0%
gross margin
43%
+2.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
133.5k
+1.9%
total assets
136.4k
+0.58%
cash
0
0%
net assets
Total assets minus all liabilities
european it ltd company details
company number
06369269
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
September 2007
age
17
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2020
address
c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA
accountant
-
auditor
-
european it ltd Charges & Mortgages
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 european it ltd.
european it ltd Companies House Filings - See Documents
| date | description | view/download |
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