Neetovate Ltd

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neetovate ltd Company Information

Live (In Liquidation)

EstablishedMicroDeclining

Company Number

07141611

Next Accounts

1120 days late

Industry

Business and domestic software development

Directors

Mahasen Gunawardena

Shareholders

mahasen jayawickrama gunawardena

arram bv

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Group Structure

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Contact

Registered Address

c/o clarke bell limited, 3rd floor the pinnacle, 73 king street, manchester, M2 4NG

Website

http://simplifiedrecruitment.com

neetovate ltd Estimated Valuation

£211.8k

Pomanda estimates the enterprise value of NEETOVATE LTD at £211.8k based on an EBITDA of £50.3k and a 4.21x industry multiple (adjusted for size and gross margin).

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Neetovate Ltd is a live company located in 73 king street, M2 4NG with a Companies House number of 07141611. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2010, it's largest shareholder is mahasen jayawickrama gunawardena with a 42.5% stake. Neetovate Ltd is a established, micro sized company, Pomanda has estimated its turnover at £257.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Neetovate Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £257.7k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (7.8%)

EXPORT

Neetovate Ltd's latest turnover from February 2020 is estimated at £257.7 thousand and the company has net assets of £41.1 thousand. According to their latest financial statements, Neetovate Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Turnover	257,665	336,960	231,629	449,232	255,356	736,133	440,348	214,190	54,189	6,202
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	147,153	197,435	135,948	253,184	144,721	406,844	257,784	114,599	28,181	3,183
Gross Profit	110,512	139,525	95,681	196,048	110,635	329,290	182,564	99,590	26,008	3,018
Admin Expenses	60,210	139,090	135,181	176,936	165,042	277,492	127,748	111,683	8,491	8,904
Operating Profit	50,302	435	-39,500	19,112	-54,407	51,798	54,816	-12,093	17,517	-5,886
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	86	196	110	93	39	44	13
Pre-Tax Profit	50,302	435	-39,500	19,198	-54,211	51,909	54,909	-12,054	17,561	-5,873
Tax	-9,557	-83	0	-3,839	0	-10,901	-12,629	0	-4,566	0
Profit After Tax	40,745	352	-39,500	15,358	-54,211	41,008	42,280	-12,054	12,995	-5,873
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	40,745	352	-39,500	15,358	-54,211	41,008	42,280	-12,054	12,995	-5,873
Employee Costs	117,626	301,840	231,271	169,239	106,728	268,485	161,641	103,863	51,472	49,172
Number Of Employees	2	5	4	3	2	5	3	2	1	1
EBITDA*	50,302	435	-39,500	19,112	-54,407	51,798	54,816	-12,093	17,517	-5,886

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Tangible Assets	591	788	509	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	591	788	509	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	117,020	115,604	70,231	147,774	70,644	215,091	117,972	57,488	14,268	1,487
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	68,513	9,782	34,392	2,772	12,646	5,064
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	117,020	115,604	70,231	147,774	139,157	224,873	152,364	60,260	26,914	6,551
total assets	117,611	116,392	70,740	147,774	139,157	224,873	152,364	60,260	26,914	6,551
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	72,481	112,397	70,737	108,271	114,812	146,317	114,816	64,992	19,592	12,224
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	72,481	112,397	70,737	108,271	114,812	146,317	114,816	64,992	19,592	12,224
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	4,030	3,640	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,030	3,640	0	0	0	0	0	0	0	0
total liabilities	76,511	116,037	70,737	108,271	114,812	146,317	114,816	64,992	19,592	12,224
net assets	41,100	355	3	39,503	24,345	78,556	37,548	-4,732	7,322	-5,673
total shareholders funds	41,100	355	3	39,503	24,345	78,556	37,548	-4,732	7,322	-5,673

	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Operating Activities
Operating Profit	50,302	435	-39,500	19,112	-54,407	51,798	54,816	-12,093	17,517	-5,886
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-9,557	-83	0	-3,839	0	-10,901	-12,629	0	-4,566	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	1,416	45,373	-77,543	77,130	-144,447	97,119	60,484	43,220	12,781	1,487
Creditors	-39,916	41,660	-37,534	-6,541	-31,505	31,501	49,824	45,400	7,368	12,224
Accruals and Deferred Income	390	3,640	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-197	279	509	-68,398	58,535	-24,721	31,527	-9,913	7,538	4,851
Investing Activities
capital expenditure	197	-279	-509	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	197	-279	-509	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	-200	0	0	0	0	0	200
interest	0	0	0	86	196	110	93	39	44	13
cash flow from financing	0	0	0	-114	196	110	93	39	44	213
cash and cash equivalents
cash	0	0	0	-68,513	58,731	-24,610	31,620	-9,874	7,582	5,064
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-68,513	58,731	-24,610	31,620	-9,874	7,582	5,064

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEETOVATE LTD group structure

Neetovate Ltd has no subsidiary companies.

Ultimate parent company

NEETOVATE LTD

07141611

NEETOVATE LTD Shareholders

mahasen jayawickrama gunawardena	42.5%
arram bv	20%
ramkinson haas pte ltd	19%
hansen personal training limited	18.5%

Neetovate Ltd currently has 1 director, Mr Mahasen Gunawardena serving since Feb 2010.

officer	country	age	start	end	role
Mr Mahasen Gunawardena		38 years	Feb 2010	-	Director

P&L

February 2020

turnover

257.7k

-24%

operating profit

50.3k

gross margin

42.9%

+3.58%

turnover

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

Balance Sheet

February 2020

net assets

41.1k

+114.77%

total assets

117.6k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

07141611

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

February 2010

ultimate parent company

None

previous names

N/A

address

c/o clarke bell limited, 3rd floor the pinnacle, 73 king street, manchester, M2 4NG

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neetovate ltd Company Information

neetovate ltd Estimated Valuation

neetovate ltd Estimated Valuation

neetovate ltd Estimated Valuation

Neetovate Ltd Overview

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NEETOVATE LTD financials

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neetovate ltd Ownership

neetovate ltd directors

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