icts europe systems limited Company Information
Company Number
07061567
Next Accounts
Sep 2025
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
Website
www.ictseuropesystems.comicts europe systems limited Estimated Valuation
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
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
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
4 Strong
2 Regular
6 Weak
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
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.5%)
- Icts Europe Systems Limited
7.5% - Industry AVG
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
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
with 21 employees, this is below the industry average (44)
21 - Icts Europe Systems Limited
44 - Industry AVG
Pay Structure
on an average salary of £71.6k, the company has an equivalent pay structure (£71.6k)
- Icts Europe Systems Limited
£71.6k - Industry AVG
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
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
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
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
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 3,354,256 | 2,851,356 | 2,779,881 | 3,348,636 | 4,111,485 | 2,569,089 | 2,160,306 | 1,659,512 | 1,229,859 | 1,301,772 | 1,083,609 | 1,063,055 | 1,057,671 | 1,611,844 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 1,143,257 | 800,612 | 504,759 | 1,054,100 | 2,656,026 | 794,942 | 931,324 | 913,177 | 1,400,787 | 1,402,697 | 929,671 | 1,095,696 | 1,342,724 | 647,744 |
Gross Profit | 2,210,999 | 2,050,744 | 2,275,122 | 2,294,536 | 1,455,459 | 1,774,147 | 1,228,982 | 746,335 | -170,928 | -100,925 | 153,938 | -32,641 | -285,053 | 964,100 |
Admin Expenses | 2,066,188 | 2,333,605 | 3,297,000 | 3,526,111 | 2,091,489 | 2,804,707 | 630,679 | 339,790 | 746,983 | 641,715 | 234,768 | 260,384 | 312,185 | 762,543 |
Operating Profit | 144,811 | -282,861 | -1,021,878 | -1,231,575 | -636,030 | -1,030,560 | 598,303 | 406,545 | -917,911 | -742,640 | -80,830 | -293,025 | -597,238 | 201,557 |
Interest Payable | 74,067 | 127,229 | 0 | 0 | 137,563 | 37,089 | 27,992 | 5,408 | 18,248 | 179 | 1,137 | 864 | 987 | 256 |
Interest Receivable | 0 | 0 | 69,292 | 74,797 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | 70,744 | -410,090 | -952,586 | -1,156,778 | -773,593 | -1,067,649 | 570,311 | 401,137 | -936,159 | -742,819 | -81,967 | -293,889 | -598,225 | 201,301 |
Tax | 10,347 | 276,288 | 195,067 | -25,112 | 127,220 | 0 | -109,205 | -31,197 | 191,050 | 119,480 | -11,676 | 39,219 | 151,612 | -58,565 |
Profit After Tax | 81,091 | -133,802 | -757,519 | -1,181,890 | -646,373 | -1,067,649 | 461,106 | 369,940 | -745,109 | -623,339 | -93,643 | -254,670 | -446,613 | 142,736 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 81,091 | -133,802 | -757,519 | -1,181,890 | -646,373 | -1,067,649 | 461,106 | 369,940 | -745,109 | -623,339 | -93,643 | -254,670 | -446,613 | 142,736 |
Employee Costs | 983,109 | 645,510 | 778,187 | 869,551 | 414,808 | |||||||||
Number Of Employees | 21 | 29 | 35 | 32 | 29 | 27 | 3 | 5 | 5 | 3 | 3 | 3 | 3 | 3 |
EBITDA* | 155,844 | -269,171 | -1,021,878 | -1,231,575 | -427,012 | -684,655 | 598,303 | 406,545 | -917,911 | -742,640 | -80,830 | -293,025 | -597,238 | 201,557 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 15,630 | 43,458 | 130,536 | 150,755 | 229,826 | 147,762 | 3,047 | 800 | 1,100 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 168,966 | 365,178 | 0 | 0 | 0 | 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 | 28,971 | 32,909 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 15,630 | 43,458 | 101,565 | 117,846 | 398,792 | 512,940 | 3,047 | 800 | 1,100 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 10,234 | 128,779 | 94,278 | 85,914 | 186,139 | 422,881 | 375,208 | 213,390 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 843,499 | 645,775 | 387,637 | 659,089 | 575,423 | 622,022 | 475,386 | 434,180 | 237,460 | 491,402 | 257,697 | 421,559 | 285,450 | 0 |
Group Debtors | 708,198 | 518,597 | 433,858 | 1,636,332 | 3,238,862 | 2,123,470 | 2,997,929 | 339,924 | 470,275 | 2,192,108 | 2,102,848 | 2,028,400 | 2,038,120 | 1,557,753 |
Misc Debtors | 273,956 | 439,579 | 61,270 | 48,391 | 165,824 | 315,688 | 148,567 | 34,614 | 50,379 | 15,800 | 185,175 | 198,321 | 155,081 | 0 |
Cash | 641,316 | 329,048 | 171,324 | 624,424 | 947,435 | 421,331 | 861,106 | 452,159 | 365,628 | 101,568 | 45,144 | 53,763 | 95,741 | 55,634 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109,205 | 199,685 | 199,635 | 0 | 0 | 0 | 0 |
total current assets | 2,477,203 | 2,061,778 | 1,148,367 | 3,054,150 | 5,113,683 | 3,905,392 | 4,858,196 | 1,583,472 | 1,323,427 | 3,000,513 | 2,590,864 | 2,702,043 | 2,574,392 | 1,613,387 |
total assets | 2,492,833 | 2,105,236 | 1,249,932 | 3,171,996 | 5,512,475 | 4,418,332 | 4,861,243 | 1,584,272 | 1,324,527 | 3,000,513 | 2,590,864 | 2,702,043 | 2,574,392 | 1,613,387 |
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 | 314,139 | 143,532 | 186,699 | 219,919 | 191,925 | 313,119 | 236,952 | 54,622 | 83,126 | 294,155 | 111,915 | 59,166 | 8,142 | 0 |
Group/Directors Accounts | 5,860,232 | 5,684,516 | 0 | 0 | 6,334,555 | 5,044,837 | 0 | 0 | 0 | 3,862,160 | 2,896,881 | 2,970,467 | 2,787,084 | 1,404,415 |
other short term finances | 0 | 0 | 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 | 0 | 0 |
other current liabilities | 1,214,096 | 1,253,913 | 5,906,156 | 7,037,481 | 1,889,509 | 1,317,517 | 5,813,783 | 3,180,248 | 3,261,939 | 119,627 | 234,158 | 230,857 | 82,943 | 66,136 |
total current liabilities | 7,388,467 | 7,081,961 | 6,092,855 | 7,257,400 | 8,415,989 | 6,675,473 | 6,050,735 | 3,234,870 | 3,345,065 | 4,275,942 | 3,242,954 | 3,260,490 | 2,878,169 | 1,470,551 |
loans | 0 | 0 | 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 | 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 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 7,388,467 | 7,081,961 | 6,092,855 | 7,257,400 | 8,415,989 | 6,675,473 | 6,050,735 | 3,234,870 | 3,345,065 | 4,275,942 | 3,242,954 | 3,260,490 | 2,878,169 | 1,470,551 |
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 | -303,777 | 142,836 |
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 | -303,777 | 142,836 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 144,811 | -282,861 | -1,021,878 | -1,231,575 | -636,030 | -1,030,560 | 598,303 | 406,545 | -917,911 | -742,640 | -80,830 | -293,025 | -597,238 | 201,557 |
Depreciation | 11,033 | 13,690 | 0 | 0 | 12,806 | 27,577 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 196,212 | 318,328 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 10,347 | 276,288 | 195,067 | -25,112 | 127,220 | 0 | -109,205 | -31,197 | 191,050 | 119,480 | -11,676 | 39,219 | 151,612 | -58,565 |
Stock | -118,545 | 34,501 | 8,364 | -100,225 | -236,742 | 47,673 | 161,818 | 213,390 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 221,702 | 692,215 | -1,464,985 | -1,603,388 | 918,929 | -560,702 | 2,813,164 | 50,604 | -1,941,196 | 153,590 | -102,560 | 169,629 | 920,898 | 1,557,753 |
Creditors | 170,607 | -43,167 | -33,220 | 27,994 | -121,194 | 76,167 | 182,330 | -28,504 | -211,029 | 182,240 | 52,749 | 51,024 | 8,142 | 0 |
Accruals and Deferred Income | -39,817 | -4,652,243 | -1,131,325 | 5,147,972 | 571,992 | -4,496,266 | 2,633,535 | -81,691 | 3,142,312 | -114,531 | 3,301 | 147,914 | 16,807 | 66,136 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 193,824 | -5,415,009 | -534,735 | 5,622,892 | -531,181 | -4,591,725 | 329,981 | 1,159 | 4,145,618 | -709,041 | 66,104 | -224,497 | -1,341,575 | -1,348,625 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 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 | 0 | 0 |
Group/Directors Accounts | 175,716 | 5,684,516 | 0 | -6,334,555 | 1,289,718 | 5,044,837 | 0 | 0 | -3,862,160 | 965,279 | -73,586 | 183,383 | 1,382,669 | 1,404,415 |
Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 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 | 0 | 0 |
share issue | ||||||||||||||
interest | -74,067 | -127,229 | 69,292 | 74,797 | -137,563 | -37,089 | -27,992 | -5,408 | -18,248 | -179 | -1,137 | -864 | -987 | -256 |
cash flow from financing | 101,649 | 5,557,287 | 69,292 | -6,259,758 | 1,152,155 | 5,007,748 | -27,992 | -5,408 | -3,880,408 | 965,100 | -74,723 | 182,519 | 1,381,682 | 1,404,259 |
cash and cash equivalents | ||||||||||||||
cash | 312,268 | 157,724 | -453,100 | -323,011 | 526,104 | -439,775 | 408,947 | 86,531 | 264,060 | 56,424 | -8,619 | -41,978 | 40,107 | 55,634 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 312,268 | 157,724 | -453,100 | -323,011 | 526,104 | -439,775 | 408,947 | 86,531 | 264,060 | 56,424 | -8,619 | -41,978 | 40,107 | 55,634 |
icts europe systems limited Credit Report and Business Information
Icts Europe Systems Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Oren Sapir | 58 years | Feb 2020 | - | Director | |
Mr Mark Homewood | United Kingdom | 35 years | Jan 2023 | - | Director |
P&L
December 2023turnover
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 2023net 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
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
date | description | view/download |
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