icts europe systems limited

icts europe systems limited Company Information

Share ICTS EUROPE SYSTEMS LIMITED
Live 
EstablishedSmallLow

Company Number

07061567

Industry

Other information technology and computer service activities

 

Shareholders

icts europe sa

Group Structure

View All

Contact

Registered Address

tavistock house, tavistock square, london, WC1H 9LG

icts europe systems limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of ICTS EUROPE SYSTEMS LIMITED at £2.9m based on a Turnover of £3.4m and 0.87x industry multiple (adjusted for size and gross margin).

icts europe systems limited Estimated Valuation

£911.2k

Pomanda estimates the enterprise value of ICTS EUROPE SYSTEMS LIMITED at £911.2k based on an EBITDA of £155.8k and a 5.85x industry multiple (adjusted for size and gross margin).

icts europe systems limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ICTS EUROPE SYSTEMS LIMITED at £0 based on Net Assets of £-4.9m and 2.21x industry multiple (adjusted for liquidity).

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Icts Europe Systems Limited Overview

Icts Europe Systems Limited is a live company located in london, WC1H 9LG with a Companies House number of 07061567. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2009, it's largest shareholder is icts europe sa with a 100% stake. Icts Europe Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with low growth in recent years.

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Icts Europe Systems Limited Health Check

Pomanda's financial health check has awarded Icts Europe Systems Limited a 3.5 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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £3.4m, make it smaller than the average company (£7.1m)

£3.4m - Icts Europe Systems Limited

£7.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.5%)

0% - Icts Europe Systems Limited

7.5% - Industry AVG

production

Production

with a gross margin of 65.9%, this company has a lower cost of product (50.4%)

65.9% - Icts Europe Systems Limited

50.4% - Industry AVG

profitability

Profitability

an operating margin of 4.3% make it more profitable than the average company (3.4%)

4.3% - Icts Europe Systems Limited

3.4% - Industry AVG

employees

Employees

with 21 employees, this is below the industry average (44)

21 - Icts Europe Systems Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.6k, the company has an equivalent pay structure (£71.6k)

£71.6k - Icts Europe Systems Limited

£71.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.7k, this is equally as efficient (£171.9k)

£159.7k - Icts Europe Systems Limited

£171.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 91 days, this is later than average (54 days)

91 days - Icts Europe Systems Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 100 days, this is slower than average (34 days)

100 days - Icts Europe Systems Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (15 days)

3 days - Icts Europe Systems Limited

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)

4 weeks - Icts Europe Systems Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 296.4%, this is a higher level of debt than the average (65%)

296.4% - Icts Europe Systems Limited

65% - Industry AVG

ICTS EUROPE SYSTEMS LIMITED financials

EXPORTms excel logo

Icts Europe Systems Limited's latest turnover from December 2023 is £3.4 million and the company has net assets of -£4.9 million. According to their latest financial statements, Icts Europe Systems Limited has 21 employees and maintains cash reserves of £641.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Turnover3,354,2562,851,3562,779,8813,348,6364,111,4852,569,0892,160,3061,659,5121,229,8591,301,7721,083,6091,063,0551,057,6711,611,844
Other Income Or Grants00000000000000
Cost Of Sales1,143,257800,612504,7591,054,1002,656,026794,942931,324913,1771,400,7871,402,697929,6711,095,6961,342,724647,744
Gross Profit2,210,9992,050,7442,275,1222,294,5361,455,4591,774,1471,228,982746,335-170,928-100,925153,938-32,641-285,053964,100
Admin Expenses2,066,1882,333,6053,297,0003,526,1112,091,4892,804,707630,679339,790746,983641,715234,768260,384312,185762,543
Operating Profit144,811-282,861-1,021,878-1,231,575-636,030-1,030,560598,303406,545-917,911-742,640-80,830-293,025-597,238201,557
Interest Payable74,067127,22900137,56337,08927,9925,40818,2481791,137864987256
Interest Receivable0069,29274,7970000000000
Pre-Tax Profit70,744-410,090-952,586-1,156,778-773,593-1,067,649570,311401,137-936,159-742,819-81,967-293,889-598,225201,301
Tax10,347276,288195,067-25,112127,2200-109,205-31,197191,050119,480-11,67639,219151,612-58,565
Profit After Tax81,091-133,802-757,519-1,181,890-646,373-1,067,649461,106369,940-745,109-623,339-93,643-254,670-446,613142,736
Dividends Paid00000000000000
Retained Profit81,091-133,802-757,519-1,181,890-646,373-1,067,649461,106369,940-745,109-623,339-93,643-254,670-446,613142,736
Employee Costs1,503,1311,974,3772,282,3171,963,2651,746,4411,565,359166,626272,551275,380983,109645,510778,187869,551414,808
Number Of Employees21293532292735533333
EBITDA*155,844-269,171-1,021,878-1,231,575-427,012-684,655598,303406,545-917,911-742,640-80,830-293,025-597,238201,557

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Tangible Assets15,63043,458130,536150,755229,826147,7623,0478001,10000000
Intangible Assets0000168,966365,17800000000
Investments & Other00000000000000
Debtors (Due After 1 year)0028,97132,9090000000000
Total Fixed Assets15,63043,458101,565117,846398,792512,9403,0478001,10000000
Stock & work in progress10,234128,77994,27885,914186,139422,881375,208213,390000000
Trade Debtors843,499645,775387,637659,089575,423622,022475,386434,180237,460491,402257,697421,559285,4500
Group Debtors708,198518,597433,8581,636,3323,238,8622,123,4702,997,929339,924470,2752,192,1082,102,8482,028,4002,038,1201,557,753
Misc Debtors273,956439,57961,27048,391165,824315,688148,56734,61450,37915,800185,175198,321155,0810
Cash641,316329,048171,324624,424947,435421,331861,106452,159365,628101,56845,14453,76395,74155,634
misc current assets0000000109,205199,685199,6350000
total current assets2,477,2032,061,7781,148,3673,054,1505,113,6833,905,3924,858,1961,583,4721,323,4273,000,5132,590,8642,702,0432,574,3921,613,387
total assets2,492,8332,105,2361,249,9323,171,9965,512,4754,418,3324,861,2431,584,2721,324,5273,000,5132,590,8642,702,0432,574,3921,613,387
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 314,139143,532186,699219,919191,925313,119236,95254,62283,126294,155111,91559,1668,1420
Group/Directors Accounts5,860,2325,684,516006,334,5555,044,8370003,862,1602,896,8812,970,4672,787,0841,404,415
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities1,214,0961,253,9135,906,1567,037,4811,889,5091,317,5175,813,7833,180,2483,261,939119,627234,158230,85782,94366,136
total current liabilities7,388,4677,081,9616,092,8557,257,4008,415,9896,675,4736,050,7353,234,8703,345,0654,275,9423,242,9543,260,4902,878,1691,470,551
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities7,388,4677,081,9616,092,8557,257,4008,415,9896,675,4736,050,7353,234,8703,345,0654,275,9423,242,9543,260,4902,878,1691,470,551
net assets-4,895,634-4,976,725-4,842,923-4,085,404-2,903,514-2,257,141-1,189,492-1,650,598-2,020,538-1,275,429-652,090-558,447-303,777142,836
total shareholders funds-4,895,634-4,976,725-4,842,923-4,085,404-2,903,514-2,257,141-1,189,492-1,650,598-2,020,538-1,275,429-652,090-558,447-303,777142,836
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Operating Activities
Operating Profit144,811-282,861-1,021,878-1,231,575-636,030-1,030,560598,303406,545-917,911-742,640-80,830-293,025-597,238201,557
Depreciation11,03313,6900012,80627,57700000000
Amortisation0000196,212318,32800000000
Tax10,347276,288195,067-25,112127,2200-109,205-31,197191,050119,480-11,67639,219151,612-58,565
Stock-118,54534,5018,364-100,225-236,74247,673161,818213,390000000
Debtors221,702692,215-1,464,985-1,603,388918,929-560,7022,813,16450,604-1,941,196153,590-102,560169,629920,8981,557,753
Creditors170,607-43,167-33,22027,994-121,19476,167182,330-28,504-211,029182,24052,74951,0248,1420
Accruals and Deferred Income-39,817-4,652,243-1,131,3255,147,972571,992-4,496,2662,633,535-81,6913,142,312-114,5313,301147,91416,80766,136
Deferred Taxes & Provisions00000000000000
Cash flow from operations193,824-5,415,009-534,7355,622,892-531,181-4,591,725329,9811,1594,145,618-709,04166,104-224,497-1,341,575-1,348,625
Investing Activities
capital expenditure16,79573,38820,219248,037-94,870-855,798-2,247300-1,10000000
Change in Investments00000000000000
cash flow from investments16,79573,38820,219248,037-94,870-855,798-2,247300-1,10000000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts175,7165,684,5160-6,334,5551,289,7185,044,83700-3,862,160965,279-73,586183,3831,382,6691,404,415
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000100
interest-74,067-127,22969,29274,797-137,563-37,089-27,992-5,408-18,248-179-1,137-864-987-256
cash flow from financing101,6495,557,28769,292-6,259,7581,152,1555,007,748-27,992-5,408-3,880,408965,100-74,723182,5191,381,6821,404,259
cash and cash equivalents
cash312,268157,724-453,100-323,011526,104-439,775408,94786,531264,06056,424-8,619-41,97840,10755,634
overdraft00000000000000
change in cash312,268157,724-453,100-323,011526,104-439,775408,94786,531264,06056,424-8,619-41,97840,10755,634

icts europe systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Icts Europe Systems Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for icts europe systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WC1H area or any other competitors across 12 key performance metrics.

icts europe systems limited Ownership

ICTS EUROPE SYSTEMS LIMITED group structure

Icts Europe Systems Limited has no subsidiary companies.

Ultimate parent company

GROUPE SOFINORD SA

#0033691

ICTS EUROPE SA

#0037593

2 parents

ICTS EUROPE SYSTEMS LIMITED

07061567

ICTS EUROPE SYSTEMS LIMITED Shareholders

icts europe sa 100%

icts europe systems limited directors

Icts Europe Systems Limited currently has 2 directors. The longest serving directors include Mr Oren Sapir (Feb 2020) and Mr Mark Homewood (Jan 2023).

officercountryagestartendrole
Mr Oren Sapir58 years Feb 2020- Director
Mr Mark HomewoodUnited Kingdom35 years Jan 2023- Director

P&L

December 2023

turnover

3.4m

+18%

operating profit

144.8k

-151%

gross margin

66%

-8.35%

turnover

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

Balance Sheet

December 2023

net assets

-4.9m

-0.02%

total assets

2.5m

+0.18%

cash

641.3k

+0.95%

net assets

Total assets minus all liabilities

icts europe systems limited company details

company number

07061567

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 2009

age

15

incorporated

UK

ultimate parent company

GROUPE SOFINORD SA

accounts

Small Company

last accounts submitted

December 2023

previous names

icts europe technology limited (December 2009)

accountant

-

auditor

KPMG

address

tavistock house, tavistock square, london, WC1H 9LG

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

icts europe systems 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 1 charges/mortgages relating to icts europe systems limited. Currently there are 0 open charges and 1 have been satisfied in the past.

icts europe systems limited 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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icts europe systems limited Companies House Filings - See Documents

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