Foundation Information Technology Limited

POWER SEARCH PRICING

SOLUTIONS

foundation information technology limited Company Information

Live

EstablishedSmallDeclining

Company Number

07235229

Website

www.foundation-it.com

Registered Address

1 top farm court, top street, bawtry, doncaster, DN10 6TF

Industry

Computer consultancy activities

Telephone

441635203700

Next Accounts Due

31 days late

Group Structure

View All

Directors

Andrew Sellers14 Years

Shareholders

fit group holdings limited 100%

foundation information technology limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of FOUNDATION INFORMATION TECHNOLOGY LIMITED at £3m based on Net Assets of £1.3m and 2.25x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Foundation Information Technology Limited is a live company located in doncaster, DN10 6TF with a Companies House number of 07235229. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2010, it's largest shareholder is fit group holdings limited with a 100% stake. Foundation Information Technology Limited is a established, small sized company, Pomanda has estimated its turnover at £911.7k with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Foundation Information Technology Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

6 Weak

Size

annual sales of £911.7k, make it smaller than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.4%)

EXPORT

Foundation Information Technology Limited's latest turnover from December 2022 is estimated at £911.7 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Foundation Information Technology Limited has 12 employees and maintains cash reserves of £80 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	911,672	1,243,455	1,084,404	1,295,999	998,703	792,702	1,024,783	2,190,512	4,166,097	7,108,684	7,675,114	327,654	233,599
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	489,908	665,591	559,766	653,495	484,399	358,216	447,318	968,898	1,837,060	2,919,422	3,065,898	141,890	95,343
Gross Profit	421,764	577,864	524,638	642,504	514,304	434,486	577,465	1,221,614	2,329,037	4,189,262	4,609,216	185,764	138,256
Admin Expenses	420,859	440,366	24,403	446,969	167,970	139,653	583,132	1,152,872	2,393,219	3,999,173	4,642,495	149,274	128,821
Operating Profit	905	137,498	500,235	195,535	346,334	294,833	-5,667	68,742	-64,182	190,089	-33,279	36,490	9,435
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,160	443	539	5,598	4,624	2,134	644	757	836	2,125	1,485	15	8
Pre-Tax Profit	4,065	137,941	500,774	201,133	350,958	296,967	-5,023	69,499	-63,346	192,214	-31,794	36,505	9,443
Tax	-772	-26,209	-95,147	-38,215	-66,682	-56,424	0	-13,900	0	-44,209	0	-9,491	-2,644
Profit After Tax	3,293	111,732	405,627	162,918	284,276	240,543	-5,023	55,599	-63,346	148,005	-31,794	27,014	6,799
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,293	111,732	405,627	162,918	284,276	240,543	-5,023	55,599	-63,346	148,005	-31,794	27,014	6,799
Employee Costs	678,680	752,064	743,233	681,073	697,322	586,913	767,359	1,174,744	1,767,829	3,014,867	3,240,104	163,887	105,620
Number Of Employees	12	14	15	13	12	11	13	20	30	53	58	3	2
EBITDA*	33,705	191,490	558,337	240,755	379,697	323,161	15,602	103,077	-21,895	231,608	-11,353	38,781	9,742

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	97,679	72,972	119,136	157,192	87,669	81,254	78,735	33,609	40,419	63,860	56,906	3,133	4,225
Intangible Assets	1,261,588	1,261,588	1,047,188	7	7	7	7	7	7	7	7	0	0
Investments & Other	88	71,480	52,672	88	88	88	88	88	88	88	88	320,355	320,355
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,359,355	1,406,040	1,218,996	157,287	87,764	81,349	78,830	33,704	40,514	63,955	57,001	323,488	324,580
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	289,832	0	0
Trade Debtors	138,669	205,801	152,103	268,320	48,865	126,268	126,982	342,020	667,069	1,062,118	1,079,965	3,271	3,645
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	138,120	217,317	274,250	274,977	659,154	76,558	72,842	145,045	0	0	0	0	0
Cash	80,014	100,570	253,476	824,721	668,053	564,956	288,584	226,982	75,746	258,682	591,378	2,780	3,284
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	356,803	523,688	679,829	1,368,018	1,376,072	767,782	488,408	714,047	742,815	1,320,800	1,961,175	6,051	6,929
total assets	1,716,158	1,929,728	1,898,825	1,525,305	1,463,836	849,131	567,238	747,751	783,329	1,384,755	2,018,176	329,539	331,509
Bank overdraft	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
Trade Creditors	39,397	104,833	115,240	69,213	402,003	68,576	106,277	147,005	687,935	1,221,391	1,997,192	294,238	231,721
Group/Directors Accounts	500	500	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	313,208	458,742	525,382	604,862	386,092	389,576	309,680	451,063	0	0	0	0	0
total current liabilities	353,105	564,075	640,622	674,075	788,095	458,152	415,957	598,068	687,935	1,221,391	1,997,192	294,238	231,721
loans	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
Accruals and Deferred Income	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	7,094	0	90,925
provisions	16,487	22,380	26,662	25,316	12,745	12,259	13,104	6,483	7,793	12,417	10,948	565	1,141
total long term liabilities	16,487	22,380	26,662	25,316	12,745	12,259	13,104	6,483	7,793	12,417	18,042	565	92,066
total liabilities	369,592	586,455	667,284	699,391	800,840	470,411	429,061	604,551	695,728	1,233,808	2,015,234	294,803	323,787
net assets	1,346,566	1,343,273	1,231,541	825,914	662,996	378,720	138,177	143,200	87,601	150,947	2,942	34,736	7,722
total shareholders funds	1,346,566	1,343,273	1,231,541	825,914	662,996	378,720	138,177	143,200	87,601	150,947	2,942	34,736	7,722

	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	905	137,498	500,235	195,535	346,334	294,833	-5,667	68,742	-64,182	190,089	-33,279	36,490	9,435
Depreciation	32,800	53,992	58,102	45,220	33,363	28,328	21,269	34,335	42,287	41,519	21,926	2,291	307
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-772	-26,209	-95,147	-38,215	-66,682	-56,424	0	-13,900	0	-44,209	0	-9,491	-2,644
Stock	0	0	0	0	0	0	0	0	0	-289,832	289,832	0	0
Debtors	-146,329	-3,235	-116,944	-164,722	505,193	3,002	-287,241	-180,004	-395,049	-17,847	1,076,694	-374	3,645
Creditors	-65,436	-10,407	46,027	-332,790	333,427	-37,701	-40,728	-540,930	-533,456	-775,801	1,702,954	62,517	231,721
Accruals and Deferred Income	-145,534	-66,640	-79,480	218,770	-3,484	79,896	-141,383	451,063	0	0	0	0	0
Deferred Taxes & Provisions	-5,893	-4,282	1,346	12,571	486	-845	6,621	-1,310	-4,624	1,469	10,383	-576	1,141
Cash flow from operations	-37,601	87,187	548,027	265,813	138,251	305,085	127,353	178,004	-164,926	-279,254	335,458	91,605	236,315
Investing Activities
capital expenditure	-57,507	-222,228	-1,067,227	-114,743	-39,778	-30,847	-66,395	-27,525	-18,846	-48,473	-75,706	-1,199	-4,532
Change in Investments	-71,392	18,808	52,584	0	0	0	0	0	0	0	-320,267	0	320,355
cash flow from investments	13,885	-241,036	-1,119,811	-114,743	-39,778	-30,847	-66,395	-27,525	-18,846	-48,473	244,561	-1,199	-324,887
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	500	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	-7,094	7,094	-90,925	90,925
share issue	0	0	0	0	0	0	0	0	0	0	0	0	923
interest	3,160	443	539	5,598	4,624	2,134	644	757	836	2,125	1,485	15	8
cash flow from financing	3,160	943	539	5,598	4,624	2,134	644	757	836	-4,969	8,579	-90,910	91,856
cash and cash equivalents
cash	-20,556	-152,906	-571,245	156,668	103,097	276,372	61,602	151,236	-182,936	-332,696	588,598	-504	3,284
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-20,556	-152,906	-571,245	156,668	103,097	276,372	61,602	151,236	-182,936	-332,696	588,598	-504	3,284

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for foundation information technology limited. Get real-time insights into foundation information technology limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for foundation information technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in DN10 area or any other competitors across 12 key performance metrics.

FOUNDATION INFORMATION TECHNOLOGY LIMITED group structure

Foundation Information Technology Limited has 1 subsidiary company.

Ultimate parent company

FIT GROUP HOLDINGS LIMITED

11959250

1 parent

FOUNDATION INFORMATION TECHNOLOGY LIMITED

07235229

1 subsidiary

FOUNDATION OLD CO LIMITED

03281803

FOUNDATION INFORMATION TECHNOLOGY LIMITED Shareholders

fit group holdings limited

100%

Foundation Information Technology Limited currently has 1 director, Mr Andrew Sellers serving since Aug 2010.

officer	country	age	start	end	role
Mr Andrew Sellers	Uk	60 years	Aug 2010	-	Director

P&L

December 2022

turnover

911.7k

-27%

operating profit

905.2

gross margin

46.3%

-0.45%

turnover

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

Balance Sheet

December 2022

net assets

1.3m

total assets

1.7m

-0.11%

cash

80k

-0.2%

net assets

Total assets minus all liabilities

Similar Companies

softena limited

2.5

wondrwall group ltd

shaun b consultancy limited

simply vapor limited

2.5

shaping cloud ltd

company number

07235229

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

April 2010

ultimate parent company

FIT GROUP HOLDINGS LIMITED

previous names

foundation information technology holdings limited (August 2012)

marplace (number 758) limited (August 2010)

address

1 top farm court, top street, bawtry, doncaster, DN10 6TF

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 3 charges/mortgages relating to foundation information technology limited. Currently there are 1 open charges and 2 have been satisfied in the past.

foundation information technology limited Company Information

foundation information technology limited Estimated Valuation

foundation information technology limited Estimated Valuation

foundation information technology limited Estimated Valuation

Foundation Information Technology Limited Overview

Foundation Information Technology Limited Health Check

FOUNDATION INFORMATION TECHNOLOGY LIMITED financials

foundation information technology limited Credit Report and Business Information

Foundation Information Technology Limited Competitor Analysis

foundation information technology limited Ownership

foundation information technology limited directors

foundation information technology limited company details

foundation information technology limited Charges & Mortgages

foundation information technology limited Companies House Filings - See Documents