izit group limited
izit group limited Company Information
Company Number
06906414
Registered Address
spectrum building bond street, bristol, BS1 3LG
Industry
Activities of head offices
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
peter stewart bailey 36.1%
mark thurgood 36%
View Allizit group limited Estimated Valuation
Pomanda estimates the enterprise value of IZIT GROUP LIMITED at £90.2m based on a Turnover of £23.4m and 3.85x industry multiple (adjusted for size and gross margin).
izit group limited Estimated Valuation
Pomanda estimates the enterprise value of IZIT GROUP LIMITED at £3.6m based on an EBITDA of £627.7k and a 5.74x industry multiple (adjusted for size and gross margin).
izit group limited Estimated Valuation
Pomanda estimates the enterprise value of IZIT GROUP LIMITED at £8m based on Net Assets of £2.1m and 3.76x industry multiple (adjusted for liquidity).
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Izit Group Limited Overview
Izit Group Limited is a live company located in bristol, BS1 3LG with a Companies House number of 06906414. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2009, it's largest shareholder is peter stewart bailey with a 36.1% stake. Izit Group Limited is a established, large sized company, Pomanda has estimated its turnover at £23.4m with low growth in recent years.
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Izit Group Limited Health Check
Pomanda's financial health check has awarded Izit Group Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £23.4m, make it in line with the average company (£20.3m)
£23.4m - Izit Group Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)
2% - Izit Group Limited
4.4% - Industry AVG
Production
with a gross margin of 24.9%, this company has a higher cost of product (32.6%)
24.9% - Izit Group Limited
32.6% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (5.9%)
1.4% - Izit Group Limited
5.9% - Industry AVG
Employees
with 2180 employees, this is above the industry average (120)
2180 - Izit Group Limited
120 - Industry AVG
Pay Structure
on an average salary of £9.5k, the company has a lower pay structure (£45.4k)
£9.5k - Izit Group Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £10.7k, this is less efficient (£186.9k)
£10.7k - Izit Group Limited
£186.9k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (46 days)
49 days - Izit Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (45 days)
4 days - Izit Group Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Izit Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (17 weeks)
7 weeks - Izit Group Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70%, this is a higher level of debt than the average (56.9%)
70% - Izit Group Limited
56.9% - Industry AVG
izit group limited Credit Report and Business Information
Izit Group Limited Competitor Analysis
Perform a competitor analysis for izit group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
izit group limited Ownership
IZIT GROUP LIMITED group structure
Izit Group Limited has 2 subsidiary companies.
Ultimate parent company
IZIT GROUP LIMITED
06906414
2 subsidiaries
izit group limited directors
Izit Group Limited currently has 6 directors. The longest serving directors include Mr Peter Bailey (May 2009) and Mr Mark Thurgood (May 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Bailey | 63 years | May 2009 | - | Director | |
| Mr Mark Thurgood | 62 years | May 2009 | - | Director | |
| Mr Paul Taylor | England | 53 years | Jun 2009 | - | Director |
| Mr Malcolm Hepworth | 70 years | Sep 2011 | - | Director | |
| Mr Jeremy Marwood | 65 years | Sep 2011 | - | Director | |
| Mr John Thomson | 59 years | Apr 2021 | - | Director |
IZIT GROUP LIMITED financials
Izit Group Limited's latest turnover from March 2023 is £23.4 million and the company has net assets of £2.1 million. According to their latest financial statements, Izit Group Limited has 2,180 employees and maintains cash reserves of £717.6 thousand 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 | 23,411,581 | 24,022,520 | 22,386,742 | 22,369,712 | 10,388,156 | 11,282,153 | 12,860,133 | 15,872,698 | 18,827,231 | 13,875,422 | 11,271,089 | 8,809,143 | 8,887,962 | 5,744,703 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,576,599 | 18,585,802 | 17,647,711 | 16,391,826 | 6,158,112 | 6,859,072 | 7,491,466 | 10,053,525 | 12,239,799 | 8,499,206 | 6,654,882 | 5,664,529 | 5,141,642 | 2,763,793 |
| Gross Profit | 5,834,982 | 5,436,718 | 4,739,031 | 5,977,886 | 4,230,044 | 4,423,081 | 5,368,667 | 5,819,173 | 6,587,432 | 5,376,216 | 4,616,207 | 3,144,614 | 3,746,320 | 2,980,910 |
| Admin Expenses | 5,519,047 | 4,964,401 | 4,295,447 | 5,980,545 | 4,364,385 | 4,783,421 | 4,736,071 | 5,469,614 | 5,990,798 | 4,948,775 | 4,176,475 | 2,882,504 | 3,413,115 | 2,646,641 |
| Operating Profit | 315,935 | 472,317 | 443,584 | -2,659 | -134,341 | -360,340 | 632,596 | 349,559 | 596,634 | 427,441 | 439,732 | 262,110 | 333,205 | 334,269 |
| Interest Payable | 40,995 | 4,273 | 1,422 | 42,781 | 422 | 701 | 7,501 | 15,087 | 18,516 | 3,518 | 6,606 | 5,813 | 15,877 | 13,509 |
| Interest Receivable | 0 | 0 | 3,505 | 9,939 | 1,926 | 1,972 | 3,028 | 1,211 | 0 | 96 | 459 | 0 | 331 | 6,080 |
| Pre-Tax Profit | 274,940 | 468,044 | 445,667 | -192,994 | -138,322 | -356,687 | 658,366 | 79,269 | 518,289 | 424,019 | 433,585 | 256,297 | 317,659 | 326,840 |
| Tax | -105,766 | 0 | -53,275 | 14,787 | 0 | 97,000 | -118,755 | -123,359 | -76,586 | -83,986 | -106,489 | -59,759 | -95,907 | -90,481 |
| Profit After Tax | 169,174 | 468,044 | 392,392 | -178,207 | -138,322 | -259,687 | 539,611 | -44,090 | 441,703 | 340,033 | 327,096 | 196,538 | 221,752 | 236,359 |
| Dividends Paid | 0 | 540,706 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 169,174 | -72,662 | 392,392 | -178,207 | -138,322 | -259,687 | 539,611 | -44,090 | 441,703 | 340,033 | 327,096 | 196,538 | 221,752 | 236,359 |
| Employee Costs | 20,612,231 | 21,989,522 | 20,903,720 | 19,386,494 | 8,397,179 | 9,440,320 | 9,977,756 | 12,881,618 | 12,691,152 | 9,361,029 | 8,392,790 | 6,748,879 | 6,762,430 | 4,303,788 |
| Number Of Employees | 2,180 | 2,307 | 2,308 | 2,175 | 1,140 | 1,251 | 1,465 | 1,626 | 2,204 | 1,697 | 1,214 | 1,007 | 1,064 | 758 |
| EBITDA* | 627,666 | 893,237 | 863,452 | 225,634 | -20,889 | -252,172 | 732,611 | 562,450 | 838,787 | 563,155 | 568,131 | 360,759 | 462,664 | 391,132 |
* 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 | 117,322 | 242,187 | 406,024 | 535,813 | 318,265 | 265,766 | 100,294 | 169,559 | 213,423 | 206,940 | 242,573 | 213,362 | 193,519 | 144,347 |
| Intangible Assets | 322,176 | 451,134 | 615,117 | 779,100 | 115,500 | 115,500 | 0 | 0 | 379,732 | 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 | 439,498 | 693,321 | 1,021,141 | 1,314,913 | 433,765 | 381,266 | 100,294 | 169,559 | 593,155 | 206,940 | 242,573 | 213,362 | 193,519 | 144,347 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,153,257 | 3,113,195 | 3,547,253 | 2,128,884 | 2,283,719 | 1,037,245 | 2,361,889 | 3,825,757 | 3,448,035 | 2,269,946 | 1,603,121 | 2,011,172 | 1,933,282 | 1,354,637 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,755,132 | 2,373,012 | 2,228,696 | 3,160,125 | 128,741 | 821,326 | 919,884 | 199,265 | 1,069,670 | 1,581,488 | 816,549 | 94,859 | 106,415 | 59,289 |
| Cash | 717,552 | 2,056,753 | 3,699,278 | 2,027,868 | 1,252,232 | 1,950,242 | 1,892,546 | 1,404,959 | 1,179,642 | 1,335,404 | 787,673 | 448,484 | 591,147 | 416,804 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,625,941 | 7,542,960 | 9,475,227 | 7,316,877 | 3,664,692 | 3,808,813 | 5,174,319 | 5,429,981 | 5,697,347 | 5,186,838 | 3,207,343 | 2,554,515 | 2,630,844 | 1,830,730 |
| total assets | 7,065,439 | 8,236,281 | 10,496,368 | 8,631,790 | 4,098,457 | 4,190,079 | 5,274,613 | 5,599,540 | 6,290,502 | 5,393,778 | 3,449,916 | 2,767,877 | 2,824,363 | 1,975,077 |
| 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 | 213,277 | 206,210 | 156,979 | 279,398 | 380,948 | 298,643 | 411,815 | 449,565 | 519,879 | 618,768 | 203,814 | 194,039 | 205,811 | 182,554 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 150,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,237 | 15,098 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,733,974 | 6,081,057 | 8,167,713 | 6,427,106 | 1,914,150 | 1,940,899 | 2,652,069 | 3,442,171 | 3,990,442 | 3,452,411 | 2,254,343 | 1,692,109 | 1,939,128 | 1,198,906 |
| total current liabilities | 4,947,251 | 6,287,267 | 8,474,692 | 6,856,504 | 2,295,098 | 2,239,542 | 3,063,884 | 3,893,973 | 4,525,419 | 4,071,179 | 2,458,157 | 1,886,148 | 2,144,939 | 1,381,460 |
| loans | 0 | 0 | 0 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210,659 | 206,540 | 349,592 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,511 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,705 | 10,693 | 17,232 | 15,267 | 6,666 |
| total long term liabilities | 0 | 0 | 0 | 150,000 | 0 | 0 | 0 | 0 | 2,511 | 1,705 | 10,693 | 227,891 | 221,807 | 356,258 |
| total liabilities | 4,947,251 | 6,287,267 | 8,474,692 | 7,006,504 | 2,295,098 | 2,239,542 | 3,063,884 | 3,893,973 | 4,527,930 | 4,072,884 | 2,468,850 | 2,114,039 | 2,366,746 | 1,737,718 |
| net assets | 2,118,188 | 1,949,014 | 2,021,676 | 1,625,286 | 1,803,359 | 1,950,537 | 2,210,729 | 1,705,567 | 1,762,572 | 1,320,894 | 981,066 | 653,838 | 457,617 | 237,359 |
| total shareholders funds | 2,118,188 | 1,949,014 | 2,021,676 | 1,625,286 | 1,803,359 | 1,950,537 | 2,210,729 | 1,705,567 | 1,762,572 | 1,320,894 | 981,066 | 653,838 | 457,617 | 237,359 |
| 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 | 315,935 | 472,317 | 443,584 | -2,659 | -134,341 | -360,340 | 632,596 | 349,559 | 596,634 | 427,441 | 439,732 | 262,110 | 333,205 | 334,269 |
| Depreciation | 145,700 | 256,937 | 255,885 | 187,480 | 113,452 | 108,168 | 100,015 | 117,958 | 147,220 | 135,714 | 128,399 | 98,649 | 97,459 | 56,863 |
| Amortisation | 166,031 | 163,983 | 163,983 | 40,813 | 0 | 0 | 0 | 94,933 | 94,933 | 0 | 0 | 0 | 32,000 | 0 |
| Tax | -105,766 | 0 | -53,275 | 14,787 | 0 | 97,000 | -118,755 | -123,359 | -76,586 | -83,986 | -106,489 | -59,759 | -95,907 | -90,481 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 422,182 | -289,742 | 486,940 | 2,876,549 | 553,889 | -1,423,202 | -743,249 | -492,683 | 666,271 | 1,431,764 | 313,639 | 66,334 | 625,771 | 1,413,926 |
| Creditors | 7,067 | 49,231 | -122,419 | -101,550 | 82,305 | -113,172 | -37,750 | -70,314 | -98,889 | 414,954 | 9,775 | -11,772 | 23,257 | 182,554 |
| Accruals and Deferred Income | -1,347,083 | -2,086,656 | 1,740,607 | 4,512,956 | -26,749 | -711,170 | -790,102 | -548,271 | 538,031 | 1,198,068 | 562,234 | -247,019 | 740,222 | 1,198,906 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,705 | -8,988 | -6,539 | 1,965 | 8,601 | 6,666 |
| Cash flow from operations | -1,240,298 | -854,446 | 1,941,425 | 1,775,278 | -519,222 | 443,688 | 529,253 | 313,189 | 533,367 | 651,439 | 713,473 | -22,160 | 513,066 | 274,851 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 17,955 | 1,000 | -65,104 | -66,194 | -156,860 | -120,271 | -199,157 | -71,373 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 17,955 | 1,000 | -65,104 | -66,194 | -156,860 | -120,271 | -199,157 | -71,373 |
| 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 | -150,000 | 0 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -150,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | -210,659 | 4,119 | -143,052 | 349,592 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -2,237 | -15,372 | 17,609 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -40,995 | -4,273 | 2,083 | -32,842 | 1,504 | 1,271 | -4,473 | -13,876 | -18,516 | -3,422 | -6,147 | -5,813 | -15,546 | -7,429 |
| cash flow from financing | -40,995 | -154,273 | -143,919 | 267,292 | -7,352 | 766 | -41,159 | -42,163 | -932 | -3,627 | -216,674 | -2,011 | -160,092 | 343,163 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,339,201 | -1,642,525 | 1,671,410 | 775,636 | -698,010 | 57,696 | 487,587 | 225,317 | -155,762 | 547,731 | 339,189 | -142,663 | 174,343 | 416,804 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,339,201 | -1,642,525 | 1,671,410 | 775,636 | -698,010 | 57,696 | 487,587 | 225,317 | -155,762 | 547,731 | 339,189 | -142,663 | 174,343 | 416,804 |
P&L
March 2023turnover
23.4m
-3%
operating profit
315.9k
-33%
gross margin
25%
+10.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.1m
+0.09%
total assets
7.1m
-0.14%
cash
717.6k
-0.65%
net assets
Total assets minus all liabilities
Similar Companies
izit group limited company details
company number
06906414
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 2009
age
15
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
spectrum building bond street, bristol, BS1 3LG
last accounts submitted
March 2023
izit group limited 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 2 charges/mortgages relating to izit group limited. Currently there are 1 open charges and 1 have been satisfied in the past.
izit group limited Companies House Filings - See Documents
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