icon solutions (uk) ltd.
icon solutions (uk) ltd. Company Information
Company Number
06786276
Next Accounts
83 days late
Shareholders
thomas patrick kelleher
darren george capehorn
View AllGroup Structure
View All
Industry
Computer consultancy activities
Registered Address
4th floor tuition house, 27-37 st. georges road, london, SW19 4EU
Website
www.iconsolutions.comicon solutions (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of ICON SOLUTIONS (UK) LTD. at £51.1m based on a Turnover of £36.9m and 1.39x industry multiple (adjusted for size and gross margin).
icon solutions (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of ICON SOLUTIONS (UK) LTD. at £16m based on an EBITDA of £1.6m and a 9.78x industry multiple (adjusted for size and gross margin).
icon solutions (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of ICON SOLUTIONS (UK) LTD. at £22.8m based on Net Assets of £10m and 2.29x industry multiple (adjusted for liquidity).
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Icon Solutions (uk) Ltd. Overview
Icon Solutions (uk) Ltd. is a live company located in london, SW19 4EU with a Companies House number of 06786276. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2009, it's largest shareholder is thomas patrick kelleher with a 20.7% stake. Icon Solutions (uk) Ltd. is a established, large sized company, Pomanda has estimated its turnover at £36.9m with high growth in recent years.
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Icon Solutions (uk) Ltd. Health Check
Pomanda's financial health check has awarded Icon Solutions (Uk) Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £36.9m, make it larger than the average company (£1.3m)
£36.9m - Icon Solutions (uk) Ltd.
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (5.3%)
29% - Icon Solutions (uk) Ltd.
5.3% - Industry AVG
Production
with a gross margin of 53.3%, this company has a comparable cost of product (47.4%)
53.3% - Icon Solutions (uk) Ltd.
47.4% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (6.9%)
1.2% - Icon Solutions (uk) Ltd.
6.9% - Industry AVG
Employees
with 147 employees, this is above the industry average (13)
147 - Icon Solutions (uk) Ltd.
13 - Industry AVG
Pay Structure
on an average salary of £145.4k, the company has a higher pay structure (£56.3k)
£145.4k - Icon Solutions (uk) Ltd.
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £250.8k, this is more efficient (£125.9k)
£250.8k - Icon Solutions (uk) Ltd.
£125.9k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (66 days)
25 days - Icon Solutions (uk) Ltd.
66 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (31 days)
7 days - Icon Solutions (uk) Ltd.
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Icon Solutions (uk) Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (19 weeks)
36 weeks - Icon Solutions (uk) Ltd.
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.5%, this is a similar level of debt than the average (57.6%)
56.5% - Icon Solutions (uk) Ltd.
57.6% - Industry AVG
ICON SOLUTIONS (UK) LTD. financials
Icon Solutions (Uk) Ltd.'s latest turnover from March 2023 is £36.9 million and the company has net assets of £10 million. According to their latest financial statements, Icon Solutions (Uk) Ltd. has 147 employees and maintains cash reserves of £4.2 million 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 | 36,866,051 | 29,184,797 | 18,405,028 | 17,049,945 | 18,637,774 | 18,493,784 | 22,359,094 | 14,249,183 | 9,264,192 | 8,200,109 | ||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 17,205,048 | 13,340,889 | 7,726,568 | 9,956,057 | 6,898,013 | 8,143,558 | 8,713,351 | 5,420,400 | ||||||
| Gross Profit | 19,661,003 | 15,843,908 | 10,678,460 | 7,093,888 | 11,739,761 | 10,350,226 | 13,645,743 | 8,828,783 | ||||||
| Admin Expenses | 19,206,045 | 16,251,783 | 11,951,735 | 7,928,631 | 10,422,367 | 9,802,152 | 9,385,783 | 6,530,918 | ||||||
| Operating Profit | 454,958 | -407,875 | -1,273,275 | -834,743 | 1,317,394 | 548,074 | 4,259,960 | 2,297,865 | 1,330,198 | 1,124,588 | ||||
| Interest Payable | 319,953 | 319,953 | 151,831 | 11,091 | ||||||||||
| Interest Receivable | 13,062 | 150 | 3,043 | 13,988 | 3,235 | 133 | 769 | 108 | 5,094 | |||||
| Pre-Tax Profit | 148,067 | -727,828 | -1,424,956 | -842,791 | 1,331,382 | 551,309 | 4,260,093 | 2,297,623 | 1,330,306 | 1,129,682 | ||||
| Tax | 658,314 | 550,416 | 1,053,651 | 719,709 | 43,040 | 958,615 | 804,761 | 33,561 | -144,718 | -280,009 | ||||
| Profit After Tax | 806,381 | -177,412 | -371,305 | -123,082 | 1,374,422 | 1,509,924 | 5,064,854 | 2,331,184 | 1,185,588 | 849,673 | ||||
| Dividends Paid | 788,182 | 326,688 | 150,000 | 360,000 | 360,000 | 1,350,000 | 450,000 | 2,820,000 | 840,000 | 840,000 | ||||
| Retained Profit | 18,199 | -504,100 | -521,305 | -483,082 | 1,014,422 | 159,924 | 4,614,854 | -488,816 | 345,588 | 9,673 | ||||
| Employee Costs | 21,371,249 | 20,148,717 | 13,466,740 | 8,360,211 | 7,915,109 | 7,930,255 | 7,653,946 | 5,493,567 | 4,920,478 | 3,762,695 | ||||
| Number Of Employees | 147 | 167 | 109 | 80 | 80 | 66 | 67 | 48 | 47 | 40 | ||||
| EBITDA* | 1,631,266 | -330,055 | -1,164,929 | -139,854 | 1,403,573 | 646,435 | 4,358,317 | 2,375,558 | 1,394,251 | 1,167,454 |
* 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 | 112,480 | 70,038 | 53,862 | 71,155 | 123,870 | 180,219 | 249,110 | 179,619 | 193,586 | 77,897 | 66,645 | 69,587 | 32,139 | 29,623 |
| Intangible Assets | 8,707,418 | 7,107,401 | 6,304,779 | 5,626,036 | 4,880,630 | 2,008,961 | 768,251 | |||||||
| Investments & Other | 50,001 | 1,011 | ||||||||||||
| Debtors (Due After 1 year) | 199,179 | 199,179 | 187,179 | 239,883 | 223,520 | 51,641 | 26,641 | 26,560 | 26,560 | |||||
| Total Fixed Assets | 9,019,077 | 7,376,618 | 6,545,820 | 5,937,074 | 5,228,020 | 2,290,822 | 1,044,002 | 206,179 | 221,157 | 77,897 | 66,645 | 69,587 | 32,139 | 29,623 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 2,572,151 | 3,065,214 | 1,568,470 | 2,414,729 | 4,214,184 | 5,536,316 | 5,579,217 | 3,026,066 | 1,853,865 | 1,610,350 | 2,089,021 | 2,286,428 | 1,227,492 | 843,590 |
| Group Debtors | 39 | |||||||||||||
| Misc Debtors | 7,117,672 | 6,165,286 | 4,787,517 | 2,465,201 | 2,121,032 | 1,389,351 | 1,577,190 | 457,912 | 48,485 | 179,713 | 29,975 | |||
| Cash | 4,209,685 | 3,468,359 | 4,714,021 | 1,533,838 | 793,645 | 814,364 | 1,106,042 | 1,667,990 | 1,737,383 | 1,655,115 | 814,218 | 982,278 | 603,803 | 586,595 |
| misc current assets | ||||||||||||||
| total current assets | 13,899,508 | 12,698,859 | 11,070,008 | 6,413,768 | 7,128,861 | 7,740,031 | 8,262,449 | 5,151,968 | 3,639,772 | 3,445,178 | 2,933,214 | 3,268,706 | 1,831,295 | 1,430,185 |
| total assets | 22,918,585 | 20,075,477 | 17,615,828 | 12,350,842 | 12,356,881 | 10,030,853 | 9,306,451 | 5,358,147 | 3,860,929 | 3,523,075 | 2,999,859 | 3,338,293 | 1,863,434 | 1,459,808 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 343,933 | 354,744 | 372,671 | 502,821 | 961,746 | 437,159 | 763,978 | 974,804 | 62,021 | 419,869 | 1,222,528 | 1,743,276 | 948,087 | 930,527 |
| Group/Directors Accounts | 54 | 469,809 | 171 | 5 | 140 | |||||||||
| other short term finances | 325,000 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 5,686,290 | 4,824,445 | 3,806,561 | 2,879,182 | 2,485,289 | 2,907,467 | 2,236,772 | 2,234,167 | 1,625,828 | 1,302,650 | ||||
| total current liabilities | 6,030,223 | 5,179,189 | 4,179,232 | 3,707,003 | 3,447,089 | 3,344,626 | 3,000,750 | 3,678,780 | 1,687,849 | 1,722,690 | 1,222,528 | 1,743,281 | 948,227 | 930,527 |
| loans | 4,786,578 | 4,636,297 | 4,146,672 | |||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 2,128,150 | 1,698,329 | 1,250,234 | 1,104,094 | 849,556 | 254,618 | 47,071 | 35,591 | 40,488 | 13,381 | ||||
| total long term liabilities | 6,914,728 | 6,334,626 | 5,396,906 | 1,104,094 | 849,556 | 254,618 | 47,071 | 35,591 | 40,488 | 13,381 | ||||
| total liabilities | 12,944,951 | 11,513,815 | 9,576,138 | 4,811,097 | 4,296,645 | 3,599,244 | 3,047,821 | 3,714,371 | 1,728,337 | 1,736,071 | 1,222,528 | 1,743,281 | 948,227 | 930,527 |
| net assets | 9,973,634 | 8,561,662 | 8,039,690 | 7,539,745 | 8,060,236 | 6,431,609 | 6,258,630 | 1,643,776 | 2,132,592 | 1,787,004 | 1,777,331 | 1,595,012 | 915,207 | 529,281 |
| total shareholders funds | 9,973,634 | 8,561,662 | 8,039,690 | 7,539,745 | 8,060,236 | 6,431,609 | 6,258,630 | 1,643,776 | 2,132,592 | 1,787,004 | 1,777,331 | 1,595,012 | 915,207 | 529,281 |
| 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 | 454,958 | -407,875 | -1,273,275 | -834,743 | 1,317,394 | 548,074 | 4,259,960 | 2,297,865 | 1,330,198 | 1,124,588 | ||||
| Depreciation | 53,750 | 38,910 | 54,173 | 78,540 | 86,179 | 98,361 | 98,357 | 77,693 | 64,053 | 42,866 | 37,291 | 31,593 | 16,291 | 8,304 |
| Amortisation | 1,122,558 | 38,910 | 54,173 | 616,349 | ||||||||||
| Tax | 658,314 | 550,416 | 1,053,651 | 719,709 | 43,040 | 958,615 | 804,761 | 33,561 | -144,718 | -280,009 | ||||
| Stock | ||||||||||||||
| Debtors | 459,323 | 2,886,513 | 1,423,353 | -1,438,923 | -418,572 | -205,740 | 3,672,510 | 1,581,589 | 138,886 | -328,933 | -167,432 | 1,058,936 | 383,902 | 843,590 |
| Creditors | -10,811 | -17,927 | -130,150 | -458,925 | 524,587 | -326,819 | -210,826 | 912,783 | -357,848 | -802,659 | -520,748 | 795,189 | 17,560 | 930,527 |
| Accruals and Deferred Income | 861,845 | 1,017,884 | 927,379 | 393,893 | -422,178 | 670,695 | 2,605 | 608,339 | 323,178 | 1,302,650 | ||||
| Deferred Taxes & Provisions | 429,821 | 448,095 | 146,140 | 254,538 | 594,938 | 207,547 | 11,480 | -4,897 | 27,107 | 13,381 | ||||
| Cash flow from operations | 3,111,112 | -1,218,100 | -591,262 | 2,208,284 | 2,562,532 | 2,362,213 | 1,293,827 | 2,343,755 | 1,103,084 | 1,729,750 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | -3,265,150 | -1,437,216 | -949,503 | -64,502 | -218,531 | -65,026 | ||||||||
| Change in Investments | -50,001 | 50,001 | -1,011 | 1,011 | ||||||||||
| cash flow from investments | -3,215,149 | -1,487,217 | -949,503 | -63,491 | -219,542 | -65,026 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -54 | 54 | -469,809 | 469,809 | -171 | 171 | -5 | -135 | 140 | |||||
| Other Short Term Loans | -325,000 | 325,000 | ||||||||||||
| Long term loans | 150,281 | 489,625 | 4,146,672 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -306,891 | -319,953 | -151,681 | -8,048 | 13,988 | 3,235 | 133 | 769 | 108 | 5,094 | ||||
| cash flow from financing | 1,237,163 | 1,195,744 | 4,691,241 | 279,489 | 628,247 | 16,290 | -469,676 | 470,578 | -63 | 5,265 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 741,326 | -1,245,662 | 3,180,183 | 740,193 | -20,719 | -291,678 | -561,948 | -69,393 | 82,268 | 840,897 | -168,060 | 378,475 | 17,208 | 586,595 |
| overdraft | ||||||||||||||
| change in cash | 741,326 | -1,245,662 | 3,180,183 | 740,193 | -20,719 | -291,678 | -561,948 | -69,393 | 82,268 | 840,897 | -168,060 | 378,475 | 17,208 | 586,595 |
icon solutions (uk) ltd. Credit Report and Business Information
Icon Solutions (uk) Ltd. Competitor Analysis
Perform a competitor analysis for icon solutions (uk) ltd. by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in SW19 area or any other competitors across 12 key performance metrics.
icon solutions (uk) ltd. Ownership
ICON SOLUTIONS (UK) LTD. group structure
Icon Solutions (Uk) Ltd. has 1 subsidiary company.
Ultimate parent company
ICON SOLUTIONS (UK) LTD.
06786276
1 subsidiary
icon solutions (uk) ltd. directors
Icon Solutions (Uk) Ltd. currently has 5 directors. The longest serving directors include Mr Darren Capehorn (Jan 2009) and Mr Benjamin Hallifax (Jan 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Capehorn | England | 59 years | Jan 2009 | - | Director |
| Mr Benjamin Hallifax | United Kingdom | 50 years | Jan 2009 | - | Director |
| Mr Thomas Kelleher | United Kingdom | 54 years | Jan 2009 | - | Director |
| Mr Alastair Brown | 55 years | Jan 2021 | - | Director | |
| Mr James West | 51 years | Nov 2023 | - | Director |
P&L
March 2023turnover
36.9m
+26%
operating profit
455k
-212%
gross margin
53.4%
-1.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
10m
+0.16%
total assets
22.9m
+0.14%
cash
4.2m
+0.21%
net assets
Total assets minus all liabilities
icon solutions (uk) ltd. company details
company number
06786276
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2009
age
16
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
HARTLEY FOWLER LLP
address
4th floor tuition house, 27-37 st. georges road, london, SW19 4EU
Bank
-
Legal Advisor
-
icon solutions (uk) 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 found 3 charges/mortgages relating to icon solutions (uk) ltd.. Currently there are 2 open charges and 1 have been satisfied in the past.
icon solutions (uk) 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.
Click to start generating capital raising & share issue transactions for ICON SOLUTIONS (UK) LTD.. This can take several minutes, an email will notify you when this has completed.
icon solutions (uk) ltd. Companies House Filings - See Documents
| date | description | view/download |
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