business source solutions ltd
business source solutions ltd Company Information
Company Number
07231103
Next Accounts
895 days late
Directors
Shareholders
alpha digital networks limited
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
ground floor seneca house, links point, blackpool, lancashire, FY4 2FF
Website
http://adnplc.combusiness source solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of BUSINESS SOURCE SOLUTIONS LTD at £2.5m based on a Turnover of £3.4m and 0.72x industry multiple (adjusted for size and gross margin).
business source solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of BUSINESS SOURCE SOLUTIONS LTD at £366.5k based on an EBITDA of £76.8k and a 4.77x industry multiple (adjusted for size and gross margin).
business source solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of BUSINESS SOURCE SOLUTIONS LTD at £0 based on Net Assets of £-68.4k and 1.96x industry multiple (adjusted for liquidity).
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Business Source Solutions Ltd Overview
Business Source Solutions Ltd is a live company located in blackpool, FY4 2FF with a Companies House number of 07231103. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 2010, it's largest shareholder is alpha digital networks limited with a 100% stake. Business Source Solutions Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.
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Business Source Solutions Ltd Health Check
Pomanda's financial health check has awarded Business Source Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £3.4m, make it larger than the average company (£926.7k)
- Business Source Solutions Ltd
£926.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2.8%)
- Business Source Solutions Ltd
2.8% - Industry AVG
Production
with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)
- Business Source Solutions Ltd
39.4% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (5.3%)
- Business Source Solutions Ltd
5.3% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (15)
13 - Business Source Solutions Ltd
15 - Industry AVG
Pay Structure
on an average salary of £29.7k, the company has an equivalent pay structure (£29.7k)
- Business Source Solutions Ltd
£29.7k - Industry AVG
Efficiency
resulting in sales per employee of £264.4k, this is more efficient (£83.3k)
- Business Source Solutions Ltd
£83.3k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (31 days)
- Business Source Solutions Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (39 days)
- Business Source Solutions Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 64 days, this is more than average (46 days)
- Business Source Solutions Ltd
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (41 weeks)
1 weeks - Business Source Solutions Ltd
41 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.4%, this is a higher level of debt than the average (51%)
106.4% - Business Source Solutions Ltd
51% - Industry AVG
BUSINESS SOURCE SOLUTIONS LTD financials
Business Source Solutions Ltd's latest turnover from December 2020 is estimated at £3.4 million and the company has net assets of -£68.4 thousand. According to their latest financial statements, Business Source Solutions Ltd has 13 employees and maintains cash reserves of £24.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 13 | 16 | 15 | 15 | 5 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 37,267 | 43,442 | 50,147 | 63,437 | 80,189 | 11,072 | 13,659 | 8,114 | 8,850 | ||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 37,267 | 43,442 | 50,147 | 63,437 | 80,189 | 11,072 | 13,659 | 8,114 | 8,850 | ||
| Stock & work in progress | 370,588 | 366,120 | 655,000 | 459,984 | 410,905 | 325,484 | 358,713 | 211,907 | 234,369 | ||
| Trade Debtors | 522,132 | 628,007 | 561,436 | 724,594 | 751,693 | 604,363 | 500,954 | 347,246 | 180,969 | 199 | 1,686 |
| Group Debtors | 74,358 | 25,756 | 25,756 | 60,020 | |||||||
| Misc Debtors | 43,850 | 27,414 | 9,884 | 37,255 | 79,066 | 15,936 | |||||
| Cash | 24,812 | 15,856 | 3,968 | 11,636 | 2,979 | 60,248 | 30,672 | 17,427 | 53,522 | 6 | |
| misc current assets | |||||||||||
| total current assets | 1,035,740 | 1,063,153 | 1,256,044 | 1,293,489 | 1,244,643 | 1,006,031 | 890,339 | 576,580 | 468,860 | 199 | 1,692 |
| total assets | 1,073,007 | 1,106,595 | 1,306,191 | 1,356,926 | 1,324,832 | 1,017,103 | 903,998 | 584,694 | 477,710 | 199 | 1,692 |
| Bank overdraft | 127,319 | 191,502 | 209,133 | 102,230 | |||||||
| Bank loan | 42,153 | 33,916 | |||||||||
| Trade Creditors | 575,207 | 714,177 | 662,968 | 558,228 | 384,559 | 210,952 | 893,135 | 574,381 | 477,539 | 19,100 | 18,711 |
| Group/Directors Accounts | |||||||||||
| other short term finances | 17,195 | ||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 402,843 | 367,350 | 352,137 | 272,154 | 366,939 | 400,299 | |||||
| total current liabilities | 1,020,203 | 1,115,443 | 1,142,424 | 1,021,884 | 977,826 | 713,481 | 893,135 | 574,381 | 477,539 | 19,100 | 18,711 |
| loans | 114,188 | 102,168 | |||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 6,995 | 7,385 | |||||||||
| total long term liabilities | 121,183 | 109,553 | |||||||||
| total liabilities | 1,141,386 | 1,224,996 | 1,142,424 | 1,021,884 | 977,826 | 713,481 | 893,135 | 574,381 | 477,539 | 19,100 | 18,711 |
| net assets | -68,379 | -118,401 | 163,767 | 335,042 | 347,006 | 303,622 | 10,863 | 10,313 | 171 | -18,901 | -17,019 |
| total shareholders funds | -68,379 | -118,401 | 163,767 | 335,042 | 347,006 | 303,622 | 10,863 | 10,313 | 171 | -18,901 | -17,019 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 6,175 | 7,185 | 13,620 | 17,438 | 14,470 | 3,576 | 4,734 | 1,516 | 1,562 | ||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | 4,468 | -288,880 | 195,016 | 49,079 | 85,421 | 113,577 | 146,806 | -22,462 | 234,369 | ||
| Debtors | -40,837 | 84,101 | -224,793 | -8,890 | 210,460 | 273,053 | 153,708 | 166,277 | 180,770 | -1,487 | 1,686 |
| Creditors | -138,970 | 51,209 | 104,740 | 173,669 | 173,607 | -363,429 | 318,754 | 96,842 | 458,439 | 389 | 18,711 |
| Accruals and Deferred Income | 35,493 | 15,213 | 79,983 | -94,785 | -33,360 | 400,299 | |||||
| Deferred Taxes & Provisions | -390 | 7,385 | |||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 8,237 | 33,916 | |||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | -17,195 | 17,195 | |||||||||
| Long term loans | 12,020 | 102,168 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 8,956 | 11,888 | -7,668 | 8,657 | -57,269 | 42,821 | 13,245 | -36,095 | 53,522 | -6 | 6 |
| overdraft | -127,319 | -64,183 | -17,631 | 106,903 | 102,230 | ||||||
| change in cash | 8,956 | 139,207 | 56,515 | 26,288 | -164,172 | -59,409 | 13,245 | -36,095 | 53,522 | -6 | 6 |
business source solutions ltd Credit Report and Business Information
Business Source Solutions Ltd Competitor Analysis
Perform a competitor analysis for business source solutions ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in FY4 area or any other competitors across 12 key performance metrics.
business source solutions ltd Ownership
BUSINESS SOURCE SOLUTIONS LTD group structure
Business Source Solutions Ltd has no subsidiary companies.
Ultimate parent company
1 parent
BUSINESS SOURCE SOLUTIONS LTD
07231103
business source solutions ltd directors
Business Source Solutions Ltd currently has 1 director, Mr Christopher Lyons serving since Jan 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Lyons | United Kingdom | 67 years | Jan 2013 | - | Director |
P&L
December 2020turnover
3.4m
-17%
operating profit
70.7k
0%
gross margin
39.5%
-0.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-68.4k
-0.42%
total assets
1.1m
-0.03%
cash
24.8k
+0.56%
net assets
Total assets minus all liabilities
business source solutions ltd company details
company number
07231103
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2020
previous names
N/A
accountant
PM&M SOLUTIONS FOR BUSINESS LLP
auditor
-
address
ground floor seneca house, links point, blackpool, lancashire, FY4 2FF
Bank
-
Legal Advisor
-
business source solutions ltd 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 did not find charges/mortgages relating to business source solutions ltd.
business source solutions ltd 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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business source solutions ltd Companies House Filings - See Documents
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