It Bex (uk) Ltd

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it bex (uk) ltd Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

07196769

Website

www.digitaloutlet.co.uk

Registered Address

cowgill holloway business recove, fourth floor unit 5b, the parklands, bolton, BL6 4SD

Industry

Retail sale of computers, peripheral units and software in specialised stores

Telephone

02079987578

Next Accounts Due

122 days late

Group Structure

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Directors

Zarar Choudary14 Years

Shareholders

air mohammad sohel 50%

zarar choudary 50%

it bex (uk) ltd Estimated Valuation

£426.6k

Pomanda estimates the enterprise value of IT BEX (UK) LTD at £426.6k based on a Turnover of £1.7m and 0.25x industry multiple (adjusted for size and gross margin).

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It Bex (uk) Ltd is a live company located in the parklands, BL6 4SD with a Companies House number of 07196769. It operates in the retail sale of computers, peripheral units and software in specialised stores sector, SIC Code 47410. Founded in March 2010, it's largest shareholder is air mohammad sohel with a 50% stake. It Bex (uk) Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded It Bex (Uk) Ltd a 3.5 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 Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.7m, make it larger than the average company (£291.2k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IT BEX (UK) LTD group structure

It Bex (Uk) Ltd has no subsidiary companies.

Ultimate parent company

IT BEX (UK) LTD

07196769

IT BEX (UK) LTD Shareholders

air mohammad sohel	50%
zarar choudary	50%

It Bex (Uk) Ltd currently has 1 director, Mr Zarar Choudary serving since Mar 2010.

officer	country	age	start	end	role
Mr Zarar Choudary	United Kingdom	49 years	Mar 2010	-	Director

EXPORT

It Bex (Uk) Ltd's latest turnover from March 2022 is estimated at £1.7 million and the company has net assets of £79.5 thousand. According to their latest financial statements, It Bex (Uk) Ltd has 10 employees and maintains cash reserves of £53.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,716,067	1,439,160	2,512,852	1,948,916	1,423,232	1,353,088	1,164,142	734,057	422,951	683,802	425,064	247,236
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,222,068	992,502	1,931,987	1,371,584	1,021,144	1,040,114	810,577	475,598	275,536	436,073	277,764	162,029
Gross Profit	493,999	446,659	580,865	577,332	402,088	312,974	353,565	258,459	147,415	247,729	147,299	85,207
Admin Expenses	468,477	508,390	531,774	525,150	424,918	302,583	346,633	220,963	139,029	242,580	192,798	87,529
Operating Profit	25,522	-61,731	49,091	52,182	-22,830	10,391	6,932	37,496	8,386	5,149	-45,499	-2,322
Interest Payable	16,091	6,958	1,637	1	1	16	16	0	0	0	0	0
Interest Receivable	299	26	24	215	137	48	48	7	5	2	9	9
Pre-Tax Profit	9,730	-68,663	47,479	52,396	-22,694	10,424	6,964	37,504	8,391	5,151	-45,490	-2,313
Tax	-1,849	0	-9,021	-9,955	0	-2,085	-1,393	-7,876	-1,930	-1,236	0	0
Profit After Tax	7,881	-68,663	38,458	42,441	-22,694	8,339	5,571	29,628	6,461	3,915	-45,490	-2,313
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,881	-68,663	38,458	42,441	-22,694	8,339	5,571	29,628	6,461	3,915	-45,490	-2,313
Employee Costs	189,800	221,702	140,590	176,186	176,922	141,243	139,812	67,778	63,534	90,378	48,255	27,060
Number Of Employees	10	14	10	8	8	6	6	3	3	4	2	1
EBITDA*	25,522	-61,731	49,091	52,182	-21,460	13,005	9,546	40,383	10,072	6,235	-44,413	-1,236

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	9,832	9,282	838	1	1	1,371	3,985	6,599	3,486	2,172	3,258	4,344
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,832	9,282	838	1	1	1,371	3,985	6,599	3,486	2,172	3,258	4,344
Stock & work in progress	515,704	521,114	526,400	441,150	391,095	292,315	246,815	158,378	83,250	68,110	55,480	70,340
Trade Debtors	11,786	10,081	0	0	2,672	87,170	0	27,835	0	0	0	13,950
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	18,754	18,754	18,754	18,754	0	39,000	0	0	0	0	0
Cash	53,164	26,667	25,043	23,264	34,015	20,681	17,801	1,431	1,492	421	356	3,418
misc current assets	0	0	0	6,017	2,697	0	0	0	0	0	0	0
total current assets	580,654	576,616	570,197	489,185	449,233	400,166	303,616	187,644	84,742	68,531	55,836	87,708
total assets	590,486	585,898	571,035	489,186	449,234	401,537	307,601	194,243	88,228	70,703	59,094	92,052
Bank overdraft	4,182	3,235	7,500	0	29	0	503	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	158,446	234,630	213,238	292,007	242,687	142,652	94,595	126,042	47,778	106,679	92,954	22,401
Group/Directors Accounts	4,857	6,506	42,506	32,706	33,670	30,670	27,410	0	0	0	0	71,961
other short term finances	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
other current liabilities	45,333	98,641	121,317	62,615	113,431	146,104	111,321	0	0	0	0	0
total current liabilities	212,818	343,012	384,561	387,328	389,817	319,426	233,829	126,042	47,778	106,679	92,954	94,362
loans	298,134	171,233	46,158	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	1,877	7,909	13,940	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	298,134	171,233	46,158	0	0	0	0	0	1,877	7,909	13,940	0
total liabilities	510,952	514,245	430,719	387,328	389,817	319,426	233,829	126,042	49,655	114,588	106,894	94,362
net assets	79,534	71,653	140,316	101,858	59,417	82,111	73,772	68,201	38,573	-43,885	-47,800	-2,310
total shareholders funds	79,534	71,653	140,316	101,858	59,417	82,111	73,772	68,201	38,573	-43,885	-47,800	-2,310

	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	25,522	-61,731	49,091	52,182	-22,830	10,391	6,932	37,496	8,386	5,149	-45,499	-2,322
Depreciation	0	0	0	0	1,370	2,614	2,614	2,887	1,686	1,086	1,086	1,086
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,849	0	-9,021	-9,955	0	-2,085	-1,393	-7,876	-1,930	-1,236	0	0
Stock	-5,410	-5,286	85,250	50,055	98,780	45,500	88,437	75,128	15,140	12,630	-14,860	70,340
Debtors	-17,049	10,081	0	-2,672	-65,744	48,170	11,165	27,835	0	0	-13,950	13,950
Creditors	-76,184	21,392	-78,769	49,320	100,035	48,057	-31,447	78,264	-58,901	13,725	70,553	22,401
Accruals and Deferred Income	-53,308	-22,676	58,702	-50,816	-32,673	34,783	111,321	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-83,360	-67,810	-65,247	-6,652	12,866	90	-11,575	7,808	-65,899	6,094	54,950	-63,125
Investing Activities
capital expenditure	-550	-8,444	-837	0	0	0	0	-6,000	-3,000	0	0	-5,430
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-550	-8,444	-837	0	0	0	0	-6,000	-3,000	0	0	-5,430
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,649	-36,000	9,800	-964	3,000	3,260	27,410	0	0	0	-71,961	71,961
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	126,901	125,075	46,158	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
other long term liabilities	0	0	0	0	0	0	0	-1,877	-6,032	-6,031	13,940	0
share issue	0	0	0	0	0	0	0	0	75,997	0	0	3
interest	-15,792	-6,932	-1,613	214	136	32	32	7	5	2	9	9
cash flow from financing	109,460	82,143	54,345	-750	3,136	3,292	27,442	-1,870	69,970	-6,029	-58,012	71,973
cash and cash equivalents
cash	26,497	1,624	1,779	-10,751	13,334	2,880	16,370	-61	1,071	65	-3,062	3,418
overdraft	947	-4,265	7,500	-29	29	-503	503	0	0	0	0	0
change in cash	25,550	5,889	-5,721	-10,722	13,305	3,383	15,867	-61	1,071	65	-3,062	3,418

P&L

March 2022

turnover

1.7m

+19%

operating profit

25.5k

gross margin

28.8%

-7.25%

turnover

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

Balance Sheet

March 2022

net assets

79.5k

+0.11%

total assets

590.5k

+0.01%

cash

53.2k

+0.99%

net assets

Total assets minus all liabilities

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company number

07196769

Type

Private limited with Share Capital

industry

47410 - Retail sale of computers, peripheral units and software in specialised stores

incorporation date

March 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

cowgill holloway business recove, fourth floor unit 5b, the parklands, bolton, BL6 4SD

last accounts submitted

March 2022

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 it bex (uk) ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

it bex (uk) ltd Company Information

it bex (uk) ltd Estimated Valuation

it bex (uk) ltd Estimated Valuation

it bex (uk) ltd Estimated Valuation

It Bex (uk) Ltd AI Business Plan

It Bex (uk) Ltd Overview

It Bex (uk) Ltd Health Check

it bex (uk) ltd Credit Report and Business Information

It Bex (uk) Ltd Competitor Analysis

it bex (uk) ltd Ownership

it bex (uk) ltd directors

IT BEX (UK) LTD financials

it bex (uk) ltd company details

it bex (uk) ltd Charges & Mortgages

it bex (uk) ltd Companies House Filings - See Documents