Cutler It Limited

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cutler it limited Company Information

Company Number

07137788

Next Accounts

Dec 2025

Directors

Edward Palmer

John Palmer

Shareholders

mr john edward palmer

mr edward palmer

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Group Structure

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Industry

Other information technology and computer service activities

Registered Address

9 thorne road, doncaster, south yorkshire, DN1 2HJ

Website

www.cutlerit.co.uk

cutler it limited Estimated Valuation

£864.4k

Pomanda estimates the enterprise value of CUTLER IT LIMITED at £864.4k based on a Turnover of £1.2m and 0.75x industry multiple (adjusted for size and gross margin).

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Cutler It Limited is a live company located in south yorkshire, DN1 2HJ with a Companies House number of 07137788. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2010, it's largest shareholder is mr john edward palmer with a 62.2% stake. Cutler It Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Cutler It Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£7.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9%)

EXPORT

Cutler It Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £300.1 thousand. According to their latest financial statements, Cutler It Limited has 11 employees and maintains cash reserves of £195.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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
Turnover	1,155,037	831,685	781,046	897,724	876,835	843,138	612,890	555,390	544,477	671,262	523,089	541,897	389,131	415,959
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	595,536	420,362	382,897	443,847	433,083	406,257	290,079	260,357	255,483	312,332	236,821	249,484	179,264	186,909
Gross Profit	559,502	411,323	398,150	453,877	443,752	436,881	322,811	295,032	288,994	358,929	286,268	292,413	209,868	229,050
Admin Expenses	595,044	397,093	392,263	357,290	396,042	366,933	292,437	285,209	273,339	331,557	253,903	267,039	116,894	289,631
Operating Profit	-35,542	14,230	5,887	96,587	47,710	69,948	30,374	9,823	15,655	27,372	32,365	25,374	92,974	-60,581
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,263	12,623	2,108	189	126	914	503	165	295	283	259	249	173	42
Pre-Tax Profit	-23,279	26,853	7,995	96,777	47,836	70,863	30,877	9,988	15,950	27,654	32,623	25,624	93,147	-60,539
Tax	0	-5,102	-1,519	-18,388	-9,089	-13,464	-5,867	-1,997	-3,190	-5,807	-7,503	-6,150	-24,218	0
Profit After Tax	-23,279	21,751	6,476	78,389	38,747	57,399	25,010	7,990	12,760	21,847	25,120	19,474	68,929	-60,539
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-23,279	21,751	6,476	78,389	38,747	57,399	25,010	7,990	12,760	21,847	25,120	19,474	68,929	-60,539
Employee Costs	797,728	761,821	724,832	624,643	534,053	539,438	515,150	440,774	424,998	266,842	206,450	199,332	150,340	193,855
Number Of Employees	11	11	11	10	9	9	9	8	8	5	4	4	3	4
EBITDA*	-27,390	26,243	16,251	106,951	58,503	73,692	33,703	17,284	26,387	39,594	40,630	34,673	98,665	-56,301

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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
Tangible Assets	19,809	12,246	11,863	20,478	30,842	10,943	9,517	16,601	24,061	26,636	8,525	17,922	12,788	11,522
Intangible Assets	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	19,809	12,246	11,863	20,478	30,842	10,943	9,517	16,601	24,061	26,636	8,525	17,922	12,788	11,522
Stock & work in progress	70,322	23,950	3,000	550	7,563	30,340	833	8,100	0	0	0	0	8,000	0
Trade Debtors	125,072	65,949	72,257	131,485	133,444	124,863	65,139	63,638	48,028	114,353	85,974	81,864	55,292	55,892
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,901	7,773	27,285	21,245	18,820	8,895	7,283	12,529	59,838	0	0	0	0	0
Cash	195,137	272,043	321,966	240,093	138,672	113,714	130,149	70,887	61,090	56,794	56,325	47,186	52,554	16,760
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	402,432	369,715	424,508	393,373	298,499	277,812	203,404	155,154	168,956	171,147	142,299	129,050	115,846	72,652
total assets	422,241	381,961	436,371	413,851	329,341	288,755	212,921	171,755	193,017	197,783	150,824	146,972	128,634	84,174
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	82,143	20,675	1,635	659	30,794	24,380	8,114	636	8,439	103,054	97,785	119,053	120,189	144,658
Group/Directors Accounts	700	700	700	700	700	700	700	700	0	0	0	0	0	0
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	10,260	9,584	0	0	0	0	0
other current liabilities	36,683	36,618	130,125	113,420	75,195	83,551	82,115	61,369	72,276	0	0	0	0	0
total current liabilities	119,526	57,993	132,460	114,779	106,689	108,631	90,929	72,965	90,299	103,054	97,785	119,053	120,189	144,658
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	10,260	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	19,843	0	0	0	0
provisions	2,586	560	2,254	3,891	5,860	2,079	1,346	3,154	4,812	0	0	0	0	0
total long term liabilities	2,586	560	2,254	3,891	5,860	2,079	1,346	3,154	15,072	19,843	0	0	0	0
total liabilities	122,112	58,553	134,714	118,670	112,549	110,710	92,275	76,119	105,371	122,897	97,785	119,053	120,189	144,658
net assets	300,129	323,408	301,657	295,181	216,792	178,045	120,646	95,636	87,646	74,886	53,039	27,919	8,445	-60,484
total shareholders funds	300,129	323,408	301,657	295,181	216,792	178,045	120,646	95,636	87,646	74,886	53,039	27,919	8,445	-60,484

	Mar 2024	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
Operating Activities
Operating Profit	-35,542	14,230	5,887	96,587	47,710	69,948	30,374	9,823	15,655	27,372	32,365	25,374	92,974	-60,581
Depreciation	8,152	12,013	10,364	10,364	10,793	3,744	3,329	7,461	10,732	12,222	8,265	9,299	5,691	4,280
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,102	-1,519	-18,388	-9,089	-13,464	-5,867	-1,997	-3,190	-5,807	-7,503	-6,150	-24,218	0
Stock	46,372	20,950	2,450	-7,013	-22,777	29,507	-7,267	8,100	0	0	0	-8,000	8,000	0
Debtors	63,251	-25,820	-53,188	466	18,506	61,336	-3,745	-31,699	-6,487	28,379	4,110	26,572	-600	55,892
Creditors	61,468	19,040	976	-30,135	6,414	16,266	7,478	-7,803	-94,615	5,269	-21,268	-1,136	-24,469	144,658
Accruals and Deferred Income	65	-93,507	16,705	38,225	-8,356	1,436	20,746	-10,907	72,276	0	0	0	0	0
Deferred Taxes & Provisions	2,026	-1,694	-1,637	-1,969	3,781	733	-1,808	-1,658	4,812	0	0	0	0	0
Cash flow from operations	-73,454	-50,150	81,514	101,231	55,524	-12,180	65,264	18,518	12,157	10,677	7,749	8,815	42,578	32,465
Investing Activities
capital expenditure	-15,715	-12,396	-1,749	0	-30,692	-5,170	3,755	-1	-8,157	-30,333	1,132	-14,433	-6,957	-15,802
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,715	-12,396	-1,749	0	-30,692	-5,170	3,755	-1	-8,157	-30,333	1,132	-14,433	-6,957	-15,802
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	700	0	0	0	0	0	0
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	-10,260	-9,584	19,844	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-19,843	19,843	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	55
interest	12,263	12,623	2,108	189	126	914	503	165	295	283	259	249	173	42
cash flow from financing	12,263	12,623	2,108	189	126	914	-9,757	-8,719	296	20,126	259	249	173	97
cash and cash equivalents
cash	-76,906	-49,923	81,873	101,421	24,958	-16,435	59,262	9,797	4,296	469	9,139	-5,368	35,794	16,760
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-76,906	-49,923	81,873	101,421	24,958	-16,435	59,262	9,797	4,296	469	9,139	-5,368	35,794	16,760

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CUTLER IT LIMITED group structure

Cutler It Limited has no subsidiary companies.

Ultimate parent company

CUTLER IT LIMITED

07137788

CUTLER IT LIMITED Shareholders

mr john edward palmer	62.18%
mr edward palmer	36.46%
mr jordan james coulam	0.9%
mr david james mitchell	0.45%

Cutler It Limited currently has 2 directors. The longest serving directors include Mr Edward Palmer (Jan 2010) and Mr John Palmer (Mar 2010).

officer	country	age	start	end	role
Mr Edward Palmer		76 years	Jan 2010	-	Director
Mr John Palmer		51 years	Mar 2010	-	Director

P&L

March 2024

turnover

1.2m

+39%

operating profit

-35.5k

gross margin

48.5%

-2.06%

turnover

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

Balance Sheet

March 2024

net assets

300.1k

-0.07%

total assets

422.2k

+0.11%

cash

195.1k

-0.28%

net assets

Total assets minus all liabilities

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company number

07137788

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

January 2010

ultimate parent company

None

previous names

N/A

address

9 thorne road, doncaster, south yorkshire, DN1 2HJ

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cutler it limited Company Information

cutler it limited Estimated Valuation

cutler it limited Estimated Valuation

cutler it limited Estimated Valuation

Cutler It Limited Overview

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