Rs-it Solutions Ltd

POWER SEARCH PRICING

SOLUTIONS

rs-it solutions ltd Company Information

Dissolved

Company Number

07283138

Next Accounts

Dec 2024

Industry

Computer consultancy activities

Directors

John Ward

Shareholders

awareness software limited

Group Structure

View All

Contact

Registered Address

c/o rpg accountants, the copper, deva city office park, salford, M3 7BG

Website

www.rs-it.co.uk

rs-it solutions ltd Estimated Valuation

£12.6k

Pomanda estimates the enterprise value of RS-IT SOLUTIONS LTD at £12.6k based on a Turnover of £23.9k and 0.53x industry multiple (adjusted for size and gross margin).

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Rs-it Solutions Ltd is a dissolved company that was located in salford, M3 7BG with a Companies House number of 07283138. It operated in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2010, it's largest shareholder was awareness software limited with a 100% stake. The last turnover for Rs-it Solutions Ltd was estimated at £23.9k.

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Pomanda's financial health check has awarded Rs-It Solutions Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £23.9k, make it smaller than the average company (£855.6k)

Growth

3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (4.6%)

EXPORT

Rs-It Solutions Ltd's latest turnover from March 2023 is estimated at £23.9 thousand and the company has net assets of £2. According to their latest financial statements, Rs-It Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	23,895	94,778	288,236	211,598	178,000	244,117	153,222	57,622	146,300	54,853	120,927	82,521	134,516
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	17,736	68,951	213,960	148,738	126,315	172,586	105,711	38,600	100,548	37,217	79,245	53,708	89,904
Gross Profit	6,159	25,827	74,275	62,861	51,685	71,530	47,511	19,022	45,752	17,636	41,682	28,813	44,612
Admin Expenses	30,609	-3,943	92,298	60,825	46,504	71,888	37,704	15,513	45,941	34,942	31,050	39,518	15,416
Operating Profit	-24,450	29,770	-18,023	2,036	5,181	-358	9,807	3,509	-189	-17,306	10,632	-10,705	29,196
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	13	123	177	99	80	75	14
Pre-Tax Profit	-24,450	29,770	-18,023	2,036	5,181	-358	9,820	3,631	-12	-17,207	10,712	-10,630	29,209
Tax	0	-5,656	0	-387	-984	0	-1,866	-726	0	0	-2,464	0	-7,594
Profit After Tax	-24,450	24,114	-18,023	1,649	4,197	-358	7,954	2,905	-12	-17,207	8,248	-10,630	21,615
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-24,450	24,114	-18,023	1,649	4,197	-358	7,954	2,905	-12	-17,207	8,248	-10,630	21,615
Employee Costs	53,444	101,320	94,090	88,641	103,111	107,536	52,207	57,721	57,831	57,395	54,549	54,883	53,738
Number Of Employees	1	2	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	-24,450	29,770	-18,023	2,036	5,181	-358	9,807	3,754	138	-17,051	10,813	-10,620	29,256

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Tangible Assets	0	0	385	181	273	722	984	537	329	656	375	110	120
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	385	181	273	722	984	537	329	656	375	110	120
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,186	32,627	134,659	101,797	79,883	103,449	61,180	13,553	33,350	10,681	25,644	17,475	28,435
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	478	4,079	1,114	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	10,386	38,665	32,250	7,310	24,520	5,534
misc current assets	0	0	0	0	0	1,552	1,256	185	39	0	209	0	20
total current assets	1,186	32,627	135,137	105,876	80,997	105,001	62,436	24,124	72,054	42,931	33,163	41,995	33,989
total assets	1,186	32,627	135,522	106,057	81,270	105,723	63,420	24,661	72,383	43,587	33,538	42,105	34,109
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	1,184	8,175	135,184	86,896	63,858	92,508	49,847	0	0	40,764	0	0	0
Group/Directors Accounts	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,184	8,175	135,184	86,896	63,858	92,508	49,847	0	0	40,764	0	0	0
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	800	700	700	700	700	1,422	700	700	650	638
other liabilities	0	0	0	0	0	0	0	18,932	68,903	0	13,528	30,446	11,854
provisions	0	0	0	0	0	0	0	108	42	95	75	22	0
total long term liabilities	0	0	0	800	700	700	700	19,740	70,367	795	14,303	31,118	12,492
total liabilities	1,184	8,175	135,184	87,696	64,558	93,208	50,547	19,740	70,367	41,559	14,303	31,118	12,492
net assets	2	24,452	338	18,361	16,712	12,515	12,873	4,921	2,016	2,028	19,235	10,987	21,617
total shareholders funds	2	24,452	338	18,361	16,712	12,515	12,873	4,921	2,016	2,028	19,235	10,987	21,617

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Operating Activities
Operating Profit	-24,450	29,770	-18,023	2,036	5,181	-358	9,807	3,509	-189	-17,306	10,632	-10,705	29,196
Depreciation	0	0	0	0	0	0	0	245	327	255	181	85	60
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,656	0	-387	-984	0	-1,866	-726	0	0	-2,464	0	-7,594
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-31,441	-102,510	29,261	24,879	-22,452	42,269	47,627	-19,797	22,669	-14,963	8,169	-10,960	28,435
Creditors	-6,991	-127,009	48,288	23,038	-28,650	42,661	49,847	0	-40,764	40,764	0	0	0
Accruals and Deferred Income	0	0	-800	100	0	0	0	-722	722	0	50	12	638
Deferred Taxes & Provisions	0	0	0	0	0	0	-108	66	-53	20	53	22	0
Cash flow from operations	0	-385	204	-92	-2,001	34	10,053	22,169	-62,626	38,696	283	374	-6,135
Investing Activities
capital expenditure	0	385	-204	92	449	262	-447	-453	0	-536	-446	-75	-180
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	385	-204	92	449	262	-447	-453	0	-536	-446	-75	-180
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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	-18,932	-49,971	68,903	-13,528	-16,918	18,592	11,854
share issue	0	0	0	0	0	0	-2	0	0	0	0	0	2
interest	0	0	0	0	0	0	13	123	177	99	80	75	14
cash flow from financing	0	0	0	0	0	0	-18,921	-49,848	69,080	-13,429	-16,838	18,667	11,870
cash and cash equivalents
cash	0	0	0	0	0	0	-10,386	-28,279	6,415	24,940	-17,210	18,986	5,534
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-10,386	-28,279	6,415	24,940	-17,210	18,986	5,534

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RS-IT SOLUTIONS LTD group structure

Rs-It Solutions Ltd has no subsidiary companies.

Ultimate parent company

AWARENESS SOFTWARE LIMITED

03705875

1 parent

RS-IT SOLUTIONS LTD

07283138

RS-IT SOLUTIONS LTD Shareholders

awareness software limited

100%

Rs-It Solutions Ltd currently has 2 directors. The longest serving directors include Mr John Ward (Dec 2021) and Mr John Ward (Dec 2021).

officer	country	age	start	end	role
Mr John Ward	United Kingdom	53 years	Dec 2021	-	Director
Mr John Ward	United Kingdom	53 years	Dec 2021	-	Director

P&L

March 2023

turnover

23.9k

-75%

operating profit

-24.5k

gross margin

25.8%

-5.41%

turnover

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

Balance Sheet

March 2023

net assets

-1%

total assets

1.2k

-0.96%

cash

net assets

Total assets minus all liabilities

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company number

07283138

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

June 2010

ultimate parent company

AWARENESS SOFTWARE LIMITED

previous names

N/A

address

c/o rpg accountants, the copper, deva city office park, salford, M3 7BG

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 rs-it solutions ltd.

rs-it solutions ltd Company Information

rs-it solutions ltd Estimated Valuation

rs-it solutions ltd Estimated Valuation

rs-it solutions ltd Estimated Valuation

Rs-it Solutions Ltd Overview

Rs-it Solutions Ltd Health Check

RS-IT SOLUTIONS LTD financials

rs-it solutions ltd Credit Report and Business Information

Rs-it Solutions Ltd Competitor Analysis

rs-it solutions ltd Ownership

rs-it solutions ltd directors

rs-it solutions ltd company details

rs-it solutions ltd Charges & Mortgages

rs-it solutions ltd Companies House Filings - See Documents