Viratsoft Technologies Limited

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viratsoft technologies limited Company Information

Live

EstablishedMicroRapid

Company Number

07299120

Website

Registered Address

111 erskine road, sutton, surrey, SM1 3BJ

Industry

Computer consultancy activities

Telephone

Next Accounts Due

March 2026

Group Structure

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Directors

Srinivasa Matta14 Years

Indira Padamata13 Years

Shareholders

indira priyadarsini padamata 50%

srinivasa prasad matta 50%

viratsoft technologies limited Estimated Valuation

£184.3k

Pomanda estimates the enterprise value of VIRATSOFT TECHNOLOGIES LIMITED at £184.3k based on Net Assets of £82.9k and 2.22x industry multiple (adjusted for liquidity).

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Viratsoft Technologies Limited is a live company located in surrey, SM1 3BJ with a Companies House number of 07299120. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2010, it's largest shareholder is indira priyadarsini padamata with a 50% stake. Viratsoft Technologies Limited is a established, micro sized company, Pomanda has estimated its turnover at £170k with rapid growth in recent years.

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Pomanda's financial health check has awarded Viratsoft Technologies Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £170k, make it smaller than the average company (£237.8k)

Growth

3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (10.3%)

EXPORT

Viratsoft Technologies Limited's latest turnover from June 2024 is estimated at £170 thousand and the company has net assets of £82.9 thousand. According to their latest financial statements, Viratsoft Technologies Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 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	170,001	180,159	138,596	32,938	91,714	70,512	78,066	94,893	40,186	67,474	38,694	30,640	55,138	35,567
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	128,154	132,858	100,260	24,457	64,718	50,016	55,242	65,455	26,917	46,353	26,106	20,025	35,586	23,743
Gross Profit	41,847	47,301	38,335	8,481	26,996	20,496	22,824	29,438	13,269	21,122	12,587	10,615	19,552	11,824
Admin Expenses	27,740	-4,878	-30,502	32,117	26,411	26,709	42,966	54,458	21,954	1,519	5,140	-1,276	-15,438	9,199
Operating Profit	14,107	52,179	68,837	-23,636	585	-6,213	-20,142	-25,020	-8,685	19,603	7,447	11,891	34,990	2,625
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	77	313	331	322	317	232	67
Pre-Tax Profit	14,107	52,179	68,837	-23,636	585	-6,213	-20,142	-24,944	-8,372	19,934	7,768	12,208	35,222	2,692
Tax	-3,527	-13,045	-13,079	0	-111	0	0	0	0	-3,987	-1,631	-2,808	-8,453	-700
Profit After Tax	10,580	39,134	55,758	-23,636	474	-6,213	-20,142	-24,944	-8,372	15,947	6,137	9,400	26,769	1,992
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,580	39,134	55,758	-23,636	474	-6,213	-20,142	-24,944	-8,372	15,947	6,137	9,400	26,769	1,992
Employee Costs	48,488	53,607	50,631	46,897	44,214	103,322	107,693	52,207	57,721	57,831	57,395	54,549	54,879	53,701
Number Of Employees	1	1	1	1	1	2	2	1	1	1	1	1	1	1
EBITDA*	14,107	52,179	68,837	-23,636	585	-6,213	-20,142	-25,020	-8,685	19,603	7,447	11,891	34,990	2,625

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 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	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	105,344	104,552	73,819	8,012	48,098	14,884	20,047	41,425	10,000	18,000	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	61,200	64,010	68,217	60,490	66,311	26,680
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	105,344	104,552	73,819	8,012	48,098	14,884	20,047	41,425	71,200	82,010	68,217	60,490	66,311	26,680
total assets	105,344	104,552	73,819	8,012	48,098	14,884	20,047	41,425	71,200	82,010	68,217	60,490	66,311	26,680
Bank overdraft	0	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	0
Trade Creditors	20,869	17,674	17,941	3,100	19,550	14,310	13,260	14,496	19,227	21,665	23,819	22,229	37,450	24,588
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0
total current liabilities	20,869	17,674	17,941	3,100	19,550	14,310	13,260	14,496	19,227	21,665	23,819	22,229	37,450	24,588
loans	0	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	0
Accruals and Deferred Income	20	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,571	14,574	22,708	27,500	27,500	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,591	14,574	22,708	27,500	27,500	0	0	0	0	0	0	0	0	0
total liabilities	22,460	32,248	40,649	30,600	47,050	14,310	13,260	14,496	19,227	21,665	23,819	22,229	37,450	24,588
net assets	82,884	72,304	33,170	-22,588	1,048	574	6,787	26,929	51,973	60,345	44,398	38,261	28,861	2,092
total shareholders funds	82,884	72,304	33,170	-22,588	1,048	574	6,787	26,929	51,973	60,345	44,398	38,261	28,861	2,092

	Jun 2024	Jun 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	14,107	52,179	68,837	-23,636	585	-6,213	-20,142	-25,020	-8,685	19,603	7,447	11,891	34,990	2,625
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,527	-13,045	-13,079	0	-111	0	0	0	0	-3,987	-1,631	-2,808	-8,453	-700
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	792	30,733	65,807	-40,086	33,214	-5,163	-21,378	31,425	-8,000	18,000	0	0	0	0
Creditors	3,195	-267	14,841	-16,450	5,240	1,050	-1,236	-4,731	-2,438	-2,154	1,590	-15,221	12,862	24,588
Accruals and Deferred Income	20	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	13,003	8,134	4,792	0	-27,500	0	0	-61,176	-3,123	-4,538	7,406	-6,138	39,399	26,513
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-13,003	-8,134	-4,792	0	27,500	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	77	313	331	322	317	232	67
cash flow from financing	-13,003	-8,134	-4,792	0	27,500	0	0	-23	313	331	322	317	232	167
cash and cash equivalents
cash	0	0	0	0	0	0	0	-61,200	-2,810	-4,207	7,727	-5,821	39,631	26,680
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-61,200	-2,810	-4,207	7,727	-5,821	39,631	26,680

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VIRATSOFT TECHNOLOGIES LIMITED group structure

Viratsoft Technologies Limited has no subsidiary companies.

Ultimate parent company

VIRATSOFT TECHNOLOGIES LIMITED

07299120

VIRATSOFT TECHNOLOGIES LIMITED Shareholders

indira priyadarsini padamata	50%
srinivasa prasad matta	50%

Viratsoft Technologies Limited currently has 2 directors. The longest serving directors include Mr Srinivasa Matta (Jun 2010) and Mrs Indira Padamata (Jun 2011).

officer	country	age	start	end	role
Mr Srinivasa Matta	England	47 years	Jun 2010	-	Director
Mrs Indira Padamata	England	41 years	Jun 2011	-	Director

P&L

June 2024

turnover

170k

-6%

operating profit

14.1k

gross margin

24.7%

-6.24%

turnover

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

Balance Sheet

June 2024

net assets

82.9k

+0.15%

total assets

105.3k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

07299120

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

June 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2024

address

111 erskine road, sutton, surrey, SM1 3BJ

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 viratsoft technologies limited.

viratsoft technologies limited Company Information

viratsoft technologies limited Estimated Valuation

viratsoft technologies limited Estimated Valuation

viratsoft technologies limited Estimated Valuation

Viratsoft Technologies Limited Overview

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VIRATSOFT TECHNOLOGIES LIMITED financials

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