foundation information technology limited Company Information
Company Number
07235229
Website
www.foundation-it.comRegistered 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
Pomanda estimates the enterprise value of FOUNDATION INFORMATION TECHNOLOGY LIMITED at £627.5k based on a Turnover of £911.7k and 0.69x industry multiple (adjusted for size and gross margin).
foundation information technology limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDATION INFORMATION TECHNOLOGY LIMITED at £166.6k based on an EBITDA of £33.7k and a 4.94x industry multiple (adjusted for size and gross margin).
foundation information technology limited Estimated Valuation
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).
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Foundation Information Technology Limited Overview
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.
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Foundation Information Technology Limited Health 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
1 Strong
4 Regular
6 Weak
Size
annual sales of £911.7k, make it smaller than the average company (£1.9m)
- Foundation Information Technology Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.4%)
- Foundation Information Technology Limited
4.4% - Industry AVG
Production
with a gross margin of 46.3%, this company has a comparable cost of product (46.3%)
- Foundation Information Technology Limited
46.3% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (7.5%)
- Foundation Information Technology Limited
7.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (16)
12 - Foundation Information Technology Limited
16 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has an equivalent pay structure (£56.6k)
- Foundation Information Technology Limited
£56.6k - Industry AVG
Efficiency
resulting in sales per employee of £76k, this is less efficient (£127.8k)
- Foundation Information Technology Limited
£127.8k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (65 days)
- Foundation Information Technology Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (30 days)
- Foundation Information Technology Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Foundation Information Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (19 weeks)
11 weeks - Foundation Information Technology Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.5%, this is a lower level of debt than the average (59.3%)
21.5% - Foundation Information Technology Limited
59.3% - Industry AVG
FOUNDATION INFORMATION TECHNOLOGY LIMITED financials
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 | |||||||||||||
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 | 12 | 14 | 15 | 13 | 12 | 11 | 13 | 20 | |||||
EBITDA* |
* 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 | |||||||||||||
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 | |||||||||||||
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 | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
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 | |||||||||||||
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 | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
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 |
foundation information technology limited Credit Report and Business Information
Foundation Information Technology Limited Competitor Analysis
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 Ownership
FOUNDATION INFORMATION TECHNOLOGY LIMITED group structure
Foundation Information Technology Limited has 1 subsidiary company.
Ultimate parent company
1 parent
FOUNDATION INFORMATION TECHNOLOGY LIMITED
07235229
1 subsidiary
foundation information technology limited directors
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 2022turnover
911.7k
-27%
operating profit
905.2
0%
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 2022net assets
1.3m
0%
total assets
1.7m
-0.11%
cash
80k
-0.2%
net assets
Total assets minus all liabilities
foundation information technology limited company details
company number
07235229
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
April 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
foundation information technology holdings limited (August 2012)
marplace (number 758) limited (August 2010)
accountant
DTE BUSINESS ADVISERS LIMITED
auditor
-
address
1 top farm court, top street, bawtry, doncaster, DN10 6TF
Bank
-
Legal Advisor
-
foundation information technology limited 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 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 Companies House Filings - See Documents
date | description | view/download |
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