thinkstep ltd
thinkstep ltd Company Information
Company Number
06484951
Next Accounts
Mar 2025
Shareholders
sphera solutions gmbh
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
4 coleman street, 6th floor, london, EC2R 5AR
Website
www.thinkstep.comthinkstep ltd Estimated Valuation
Pomanda estimates the enterprise value of THINKSTEP LTD at £1.6m based on a Turnover of £2.1m and 0.78x industry multiple (adjusted for size and gross margin).
thinkstep ltd Estimated Valuation
Pomanda estimates the enterprise value of THINKSTEP LTD at £2.1m based on an EBITDA of £380.8k and a 5.47x industry multiple (adjusted for size and gross margin).
thinkstep ltd Estimated Valuation
Pomanda estimates the enterprise value of THINKSTEP LTD at £0 based on Net Assets of £-250.2k and 2.29x industry multiple (adjusted for liquidity).
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Thinkstep Ltd Overview
Thinkstep Ltd is a dissolved company that was located in london, EC2R 5AR with a Companies House number of 06484951. It operated in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2008, it's largest shareholder was sphera solutions gmbh with a 100% stake. The last turnover for Thinkstep Ltd was estimated at £2.1m.
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Thinkstep Ltd Health Check
Pomanda's financial health check has awarded Thinkstep Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £2.1m, make it larger than the average company (£287.2k)
£2.1m - Thinkstep Ltd
£287.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (5.8%)
42% - Thinkstep Ltd
5.8% - Industry AVG
Production
with a gross margin of 56.4%, this company has a comparable cost of product (51.6%)
56.4% - Thinkstep Ltd
51.6% - Industry AVG
Profitability
an operating margin of 18.1% make it more profitable than the average company (7.8%)
18.1% - Thinkstep Ltd
7.8% - Industry AVG
Employees
with 14 employees, this is below the industry average (23)
14 - Thinkstep Ltd
23 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)
- Thinkstep Ltd
£58.7k - Industry AVG
Efficiency
resulting in sales per employee of £150.4k, this is more efficient (£128.9k)
£150.4k - Thinkstep Ltd
£128.9k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (69 days)
114 days - Thinkstep Ltd
69 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (29 days)
0 days - Thinkstep Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is more than average (8 days)
76 days - Thinkstep Ltd
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)
4 weeks - Thinkstep Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.1%, this is a higher level of debt than the average (59.4%)
113.1% - Thinkstep Ltd
59.4% - Industry AVG
THINKSTEP LTD financials
Thinkstep Ltd's latest turnover from December 2018 is £2.1 million and the company has net assets of -£250.2 thousand. According to their latest financial statements, Thinkstep Ltd has 14 employees and maintains cash reserves of £190.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,105,095 | 1,006,551 | 1,093,928 | 730,910 | ||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 918,839 | 455,108 | 434,027 | 431,109 | ||||||
| Gross Profit | 1,186,256 | 551,443 | 659,901 | 299,801 | ||||||
| Admin Expenses | 805,477 | 593,876 | 448,286 | 576,495 | ||||||
| Operating Profit | 380,779 | -42,433 | 211,615 | -276,694 | ||||||
| Interest Payable | 15,197 | 47,362 | 114,862 | 40,816 | ||||||
| Interest Receivable | 5 | 5 | 5 | 8 | ||||||
| Pre-Tax Profit | 365,587 | -89,790 | 96,758 | -317,502 | ||||||
| Tax | ||||||||||
| Profit After Tax | 365,587 | -89,790 | 96,758 | -317,502 | ||||||
| Dividends Paid | ||||||||||
| Retained Profit | 365,587 | -89,790 | 96,758 | -317,502 | ||||||
| Employee Costs | ||||||||||
| Number Of Employees | 14 | 11 | 9 | |||||||
| EBITDA* | 380,779 | -42,433 | 211,615 | -276,694 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||
| Intangible Assets | ||||||||||
| Investments & Other | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 |
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 | 13,236 |
| Stock & work in progress | 191,597 | 89,256 | 10,585 | 30,766 | ||||||
| Trade Debtors | 658,298 | 278,682 | 411,937 | 291,782 | 614,149 | 815,662 | 345,183 | 297,431 | 271,204 | 127,062 |
| Group Debtors | 470,311 | 349,774 | 404,675 | 653,045 | ||||||
| Misc Debtors | 393,020 | 272,849 | 168,295 | 117,142 | ||||||
| Cash | 190,109 | 199,926 | 116,465 | 36,286 | 114,735 | 38,398 | 150,870 | 15,439 | 85,127 | 44,923 |
| misc current assets | ||||||||||
| total current assets | 1,903,335 | 1,190,487 | 1,101,372 | 1,098,255 | 728,884 | 854,060 | 496,053 | 323,455 | 387,097 | 171,985 |
| total assets | 1,916,571 | 1,203,723 | 1,114,608 | 1,111,491 | 742,120 | 867,296 | 509,289 | 336,691 | 400,333 | 185,221 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,040 | 2,462 | 3,834 | 11,941 | 1,047,359 | 1,126,761 | 944,823 | 463,716 | 348,636 | 149,400 |
| Group/Directors Accounts | 806,068 | 886,114 | 988,088 | 1,245,412 | ||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 1,358,649 | 930,920 | 648,669 | 476,879 | ||||||
| total current liabilities | 2,166,757 | 1,819,496 | 1,640,591 | 1,734,232 | 1,047,359 | 1,126,761 | 944,823 | 463,716 | 348,636 | 149,400 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | ||||||||||
| total liabilities | 2,166,757 | 1,819,496 | 1,640,591 | 1,734,232 | 1,047,359 | 1,126,761 | 944,823 | 463,716 | 348,636 | 149,400 |
| net assets | -250,186 | -615,773 | -525,983 | -622,741 | -305,239 | -259,465 | -435,534 | -127,025 | 51,697 | 35,821 |
| total shareholders funds | -250,186 | -615,773 | -525,983 | -622,741 | -305,239 | -259,465 | -435,534 | -127,025 | 51,697 | 35,821 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 380,779 | -42,433 | 211,615 | -276,694 | ||||||
| Depreciation | ||||||||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | 102,341 | 89,256 | -10,585 | -20,181 | 30,766 | |||||
| Debtors | 620,324 | -83,602 | -77,062 | 447,820 | -201,513 | 470,479 | 47,752 | 26,227 | 144,142 | 127,062 |
| Creditors | -422 | -1,372 | -8,107 | -1,035,418 | -79,402 | 181,938 | 481,107 | 115,080 | 199,236 | 149,400 |
| Accruals and Deferred Income | 427,729 | 282,251 | 171,790 | 476,879 | ||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | 85,421 | 232,792 | 452,360 | -1,283,053 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 13,236 | |||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -80,046 | -101,974 | -257,324 | 1,245,412 | ||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -15,192 | -47,357 | -114,857 | -40,808 | ||||||
| cash flow from financing | -95,238 | -149,331 | -372,181 | 1,204,604 | ||||||
| cash and cash equivalents | ||||||||||
| cash | -9,817 | 83,461 | 80,179 | -78,449 | 76,337 | -112,472 | 135,431 | -69,688 | 40,204 | 44,923 |
| overdraft | ||||||||||
| change in cash | -9,817 | 83,461 | 80,179 | -78,449 | 76,337 | -112,472 | 135,431 | -69,688 | 40,204 | 44,923 |
thinkstep ltd Credit Report and Business Information
Thinkstep Ltd Competitor Analysis
Perform a competitor analysis for thinkstep ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in EC2R area or any other competitors across 12 key performance metrics.
thinkstep ltd Ownership
THINKSTEP LTD group structure
Thinkstep Ltd has no subsidiary companies.
Ultimate parent company
SPHERA SOLUTIONS GMBH
#0130185
1 parent
THINKSTEP LTD
06484951
thinkstep ltd directors
Thinkstep Ltd currently has 3 directors. The longest serving directors include Mr Paul Marushka (Sep 2019) and Mr Paul Marushka (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Marushka | United Kingdom | 56 years | Sep 2019 | - | Director |
| Mr Paul Marushka | England | 56 years | Sep 2019 | - | Director |
| Mr Robert Hogue | United Kingdom | 57 years | Sep 2019 | - | Director |
P&L
December 2018turnover
2.1m
+109%
operating profit
380.8k
-997%
gross margin
56.4%
+2.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-250.2k
-0.59%
total assets
1.9m
+0.59%
cash
190.1k
-0.05%
net assets
Total assets minus all liabilities
thinkstep ltd company details
company number
06484951
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2018
previous names
pe north west europe ltd (March 2015)
accountant
-
auditor
KROGH & PARTNERS LIMITED
address
4 coleman street, 6th floor, london, EC2R 5AR
Bank
-
Legal Advisor
-
thinkstep 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 thinkstep ltd.
thinkstep ltd 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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thinkstep ltd Companies House Filings - See Documents
| date | description | view/download |
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