innovative support systems ltd.
innovative support systems ltd. Company Information
Company Number
07411457
Website
https://www.iss-eng.comRegistered Address
42 pitt street, barnsley, south yorkshire, S70 1BB
Industry
Engineering related scientific and technical consulting activities
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
foulstone forge ltd 48.1%
ncd international ltd 48.1%
View Allinnovative support systems ltd. Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE SUPPORT SYSTEMS LTD. at £135.4k based on a Turnover of £282k and 0.48x industry multiple (adjusted for size and gross margin).
innovative support systems ltd. Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE SUPPORT SYSTEMS LTD. at £11.9k based on an EBITDA of £2.9k and a 4.05x industry multiple (adjusted for size and gross margin).
innovative support systems ltd. Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE SUPPORT SYSTEMS LTD. at £139k based on Net Assets of £51.3k and 2.71x industry multiple (adjusted for liquidity).
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Innovative Support Systems Ltd. Overview
Innovative Support Systems Ltd. is a live company located in south yorkshire, S70 1BB with a Companies House number of 07411457. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in October 2010, it's largest shareholder is foulstone forge ltd with a 48.1% stake. Innovative Support Systems Ltd. is a established, micro sized company, Pomanda has estimated its turnover at £282k with declining growth in recent years.
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Innovative Support Systems Ltd. Health Check
Pomanda's financial health check has awarded Innovative Support Systems Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £282k, make it smaller than the average company (£502.4k)
- Innovative Support Systems Ltd.
£502.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (9.4%)
- Innovative Support Systems Ltd.
9.4% - Industry AVG
Production
with a gross margin of 22.8%, this company has a higher cost of product (38%)
- Innovative Support Systems Ltd.
38% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (6.7%)
- Innovative Support Systems Ltd.
6.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Innovative Support Systems Ltd.
6 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£51.6k)
- Innovative Support Systems Ltd.
£51.6k - Industry AVG
Efficiency
resulting in sales per employee of £141k, this is more efficient (£94k)
- Innovative Support Systems Ltd.
£94k - Industry AVG
Debtor Days
it gets paid by customers after 205 days, this is later than average (74 days)
- Innovative Support Systems Ltd.
74 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (22 days)
- Innovative Support Systems Ltd.
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovative Support Systems Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Innovative Support Systems Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.7%, this is a higher level of debt than the average (53%)
67.7% - Innovative Support Systems Ltd.
53% - Industry AVG
INNOVATIVE SUPPORT SYSTEMS LTD. financials
Innovative Support Systems Ltd.'s latest turnover from March 2024 is estimated at £282 thousand and the company has net assets of £51.3 thousand. According to their latest financial statements, Innovative Support Systems Ltd. has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18 | 65 | 112 | 150 | 200 | 266 | 355 | 0 | 0 | 0 | 250 | 625 | 1,000 |
| 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 | 18 | 65 | 112 | 150 | 200 | 266 | 355 | 0 | 0 | 0 | 250 | 625 | 1,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 5,000 | 80,000 | 33,603 | 55,000 | 23,717 |
| Trade Debtors | 158,921 | 304,274 | 72,677 | 230,393 | 433,945 | 220,700 | 0 | 8,849 | 0 | 87,073 | 102,458 | 22,579 | 15,838 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 3,128 | 2,929 | 8,243 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 9,609 | 73,740 | 81,561 | 123,082 | 8,055 | 30,599 | 88,422 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 158,921 | 304,274 | 72,677 | 230,393 | 433,945 | 221,325 | 17,737 | 90,518 | 94,804 | 290,155 | 144,116 | 108,178 | 127,977 |
| total assets | 158,939 | 304,339 | 72,789 | 230,543 | 434,145 | 221,591 | 18,092 | 90,518 | 94,804 | 290,155 | 144,366 | 108,803 | 128,977 |
| 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 | 35,837 | 253,576 | 97,114 | 196,438 | 148,936 | 176,394 | 31,375 | 29,040 | 5,901 | 166,957 | 51,813 | 14,284 | 40,979 |
| 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 | 2,015 | 1,250 | 3,885 | 0 | 0 | 0 | 0 |
| total current liabilities | 35,837 | 253,576 | 97,114 | 196,438 | 148,936 | 176,394 | 33,390 | 30,290 | 9,786 | 166,957 | 51,813 | 14,284 | 40,979 |
| 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 | 71,805 | 1,670 | 1,650 | 1,650 | 236,168 | 1,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 | 125 | 200 |
| total long term liabilities | 71,805 | 1,670 | 1,650 | 1,650 | 236,168 | 1,250 | 0 | 0 | 0 | 0 | 50 | 125 | 200 |
| total liabilities | 107,642 | 255,246 | 98,764 | 198,088 | 385,104 | 177,644 | 33,390 | 30,290 | 9,786 | 166,957 | 51,863 | 14,409 | 41,179 |
| net assets | 51,297 | 49,093 | -25,975 | 32,455 | 49,041 | 43,947 | -15,298 | 60,228 | 85,018 | 123,198 | 92,503 | 94,394 | 87,798 |
| total shareholders funds | 51,297 | 49,093 | -25,975 | 32,455 | 49,041 | 43,947 | -15,298 | 60,228 | 85,018 | 123,198 | 92,503 | 94,394 | 87,798 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 118 | 0 | 0 | 250 | 375 | 375 | 500 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -5,000 | 0 | 0 | -75,000 | 46,397 | -21,397 | 31,283 | 23,717 |
| Debtors | -145,353 | 231,597 | -157,716 | -203,552 | 213,245 | 217,572 | -8,650 | 3,535 | -78,830 | -15,385 | 79,879 | 6,741 | 15,838 |
| Creditors | -217,739 | 156,462 | -99,324 | 47,502 | -27,458 | 145,019 | 2,335 | 23,139 | -161,056 | 115,144 | 37,529 | -26,695 | 40,979 |
| Accruals and Deferred Income | 70,135 | 20 | 0 | -234,518 | 234,918 | -765 | 765 | -2,635 | 3,885 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50 | -75 | -75 | 200 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -9,609 | -64,131 | -7,821 | -41,521 | 115,027 | -22,544 | -57,823 | 88,422 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -9,609 | -64,131 | -7,821 | -41,521 | 115,027 | -22,544 | -57,823 | 88,422 |
innovative support systems ltd. Credit Report and Business Information
Innovative Support Systems Ltd. Competitor Analysis
Perform a competitor analysis for innovative support systems ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in S70 area or any other competitors across 12 key performance metrics.
innovative support systems ltd. Ownership
INNOVATIVE SUPPORT SYSTEMS LTD. group structure
Innovative Support Systems Ltd. has no subsidiary companies.
Ultimate parent company
INNOVATIVE SUPPORT SYSTEMS LTD.
07411457
innovative support systems ltd. directors
Innovative Support Systems Ltd. currently has 2 directors. The longest serving directors include Mr Christopher Scott (Oct 2010) and Mr Charles Richardson (Oct 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Scott | United Kingdom | 77 years | Oct 2010 | - | Director |
| Mr Charles Richardson | Uk | 79 years | Oct 2010 | - | Director |
P&L
March 2024turnover
282k
-59%
operating profit
2.9k
0%
gross margin
22.8%
-1.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
51.3k
+0.04%
total assets
158.9k
-0.48%
cash
0
0%
net assets
Total assets minus all liabilities
innovative support systems ltd. company details
company number
07411457
Type
Private limited with Share Capital
industry
71122 - Engineering related scientific and technical consulting activities
incorporation date
October 2010
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
innovative support system ltd (October 2010)
accountant
PAUL HOWLEY & CO LTD
auditor
-
address
42 pitt street, barnsley, south yorkshire, S70 1BB
Bank
-
Legal Advisor
-
innovative support systems 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 innovative support systems ltd..
innovative support systems ltd. Companies House Filings - See Documents
| date | description | view/download |
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