Summus Technology Solutions Ltd

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summus technology solutions ltd Company Information

Live

EstablishedMicroHigh

Company Number

07469341

Website

www.summus-technology.co.uk

Registered Address

107 chiltern avenue, bedford, MK41 9EJ

Industry

Business and domestic software development

Computer consultancy activities

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Sujit Singh13 Years

Shareholders

shruti singh 50%

sujit kumar singh 50%

summus technology solutions ltd Estimated Valuation

£166.6k

Pomanda estimates the enterprise value of SUMMUS TECHNOLOGY SOLUTIONS LTD at £166.6k based on a Turnover of £286.6k and 0.58x industry multiple (adjusted for size and gross margin).

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Summus Technology Solutions Ltd is a live company located in bedford, MK41 9EJ with a Companies House number of 07469341. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2010, it's largest shareholder is shruti singh with a 50% stake. Summus Technology Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £286.6k with high growth in recent years.

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Pomanda's financial health check has awarded Summus Technology Solutions Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £286.6k, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (8.9%)

EXPORT

Summus Technology Solutions Ltd's latest turnover from December 2023 is estimated at £286.6 thousand and the company has net assets of £70.6 thousand. According to their latest financial statements, Summus Technology Solutions Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Turnover	286,568	232,747	171,763	148,445	132,085	117,905	66,152	18,886	26,369	23,215	27,903	26,244	38,043
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	190,862	152,127	111,774	96,873	86,455	77,625	43,047	11,928	16,663	14,658	17,536	16,049	23,213
Gross Profit	95,706	80,620	59,988	51,571	45,630	40,280	23,105	6,957	9,706	8,557	10,367	10,194	14,831
Admin Expenses	87,239	40,418	46,442	49,677	26,224	31,584	25,446	14,100	4,030	7,226	21,326	13,396	-3,801
Operating Profit	8,467	40,202	13,546	1,894	19,406	8,696	-2,341	-7,143	5,676	1,331	-10,959	-3,202	18,632
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	44	58	128	121	158	169	76
Pre-Tax Profit	8,467	40,202	13,546	1,894	19,406	8,696	-2,297	-7,085	5,804	1,452	-10,801	-3,033	18,708
Tax	-2,117	-7,638	-2,574	-360	-3,687	-1,652	0	0	-1,161	-305	0	0	-4,864
Profit After Tax	6,350	32,564	10,972	1,534	15,719	7,044	-2,297	-7,085	4,643	1,147	-10,801	-3,033	13,844
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,350	32,564	10,972	1,534	15,719	7,044	-2,297	-7,085	4,643	1,147	-10,801	-3,033	13,844
Employee Costs	191,468	185,589	116,882	109,678	114,154	119,416	56,238	57,906	56,742	56,793	55,295	54,158	53,289
Number Of Employees	3	3	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	8,467	40,202	13,546	1,894	19,406	8,696	-2,341	-5,363	6,741	1,744	-10,959	-3,202	18,632

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Tangible Assets	35,321	62,436	34,474	40,028	47,521	1,066	716	2,084	1,716	826	0	0	0
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	35,321	62,436	34,474	40,028	47,521	1,066	716	2,084	1,716	826	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	111,154	83,788	65,340	57,259	44,383	34,062	24,178	0	0	0	0	0	9,120
Group Debtors	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
Cash	0	0	0	0	0	0	0	17,436	28,593	22,422	25,869	37,175	30,440
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	111,154	83,788	65,340	57,259	44,383	34,062	24,178	17,436	28,593	22,422	25,869	37,175	39,560
total assets	146,475	146,224	99,814	97,287	91,904	35,128	24,894	19,520	30,309	23,248	25,869	37,175	39,560
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	44,442	39,153	38,840	40,585	30,595	31,666	28,476	16,237	24,259	21,841	25,609	26,114	25,466
Group/Directors Accounts	0	0	0	0	0	0	0	4,318	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	44,442	39,153	38,840	40,585	30,595	31,666	28,476	20,555	24,259	21,841	25,609	26,114	25,466
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	31,432	42,820	29,287	35,987	42,128	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	31,432	42,820	29,287	35,987	42,128	0	0	0	0	0	0	0	0
total liabilities	75,874	81,973	68,127	76,572	72,723	31,666	28,476	20,555	24,259	21,841	25,609	26,114	25,466
net assets	70,601	64,251	31,687	20,715	19,181	3,462	-3,582	-1,035	6,050	1,407	260	11,061	14,094
total shareholders funds	70,601	64,251	31,687	20,715	19,181	3,462	-3,582	-1,035	6,050	1,407	260	11,061	14,094

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Operating Activities
Operating Profit	8,467	40,202	13,546	1,894	19,406	8,696	-2,341	-7,143	5,676	1,331	-10,959	-3,202	18,632
Depreciation	0	0	0	0	0	0	0	1,780	1,065	413	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,117	-7,638	-2,574	-360	-3,687	-1,652	0	0	-1,161	-305	0	0	-4,864
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	27,366	18,448	8,081	12,876	10,321	9,884	24,178	0	0	0	0	-9,120	9,120
Creditors	5,289	313	-1,745	9,990	-1,071	3,190	12,239	-8,022	2,418	-3,768	-505	648	25,466
Accruals and Deferred Income	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
Cash flow from operations	-15,727	14,429	1,146	-1,352	4,327	350	-14,280	-13,385	7,998	-2,329	-11,464	6,566	30,114
Investing Activities
capital expenditure	27,115	-27,962	5,554	7,493	-46,455	-350	1,368	-2,148	-1,955	-1,239	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	27,115	-27,962	5,554	7,493	-46,455	-350	1,368	-2,148	-1,955	-1,239	0	0	0
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	-4,318	4,318	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	-11,388	13,533	-6,700	-6,141	42,128	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-250	0	0	0	0	0	250
interest	0	0	0	0	0	0	44	58	128	121	158	169	76
cash flow from financing	-11,388	13,533	-6,700	-6,141	42,128	0	-4,524	4,376	128	121	158	169	326
cash and cash equivalents
cash	0	0	0	0	0	0	-17,436	-11,157	6,171	-3,447	-11,306	6,735	30,440
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-17,436	-11,157	6,171	-3,447	-11,306	6,735	30,440

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for summus technology solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in MK41 area or any other competitors across 12 key performance metrics.

SUMMUS TECHNOLOGY SOLUTIONS LTD group structure

Summus Technology Solutions Ltd has no subsidiary companies.

Ultimate parent company

SUMMUS TECHNOLOGY SOLUTIONS LTD

07469341

SUMMUS TECHNOLOGY SOLUTIONS LTD Shareholders

shruti singh	50%
sujit kumar singh	50%

Summus Technology Solutions Ltd currently has 1 director, Mr Sujit Singh serving since Dec 2010.

officer	country	age	start	end	role
Mr Sujit Singh	England	53 years	Dec 2010	-	Director

P&L

December 2023

turnover

286.6k

+23%

operating profit

8.5k

gross margin

33.4%

-3.58%

turnover

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

Balance Sheet

December 2023

net assets

70.6k

+0.1%

total assets

146.5k

cash

net assets

Total assets minus all liabilities

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company number

07469341

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62020 - Computer consultancy activities

incorporation date

December 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

107 chiltern avenue, bedford, MK41 9EJ

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 summus technology solutions ltd.

summus technology solutions ltd Company Information

summus technology solutions ltd Estimated Valuation

summus technology solutions ltd Estimated Valuation

summus technology solutions ltd Estimated Valuation

Summus Technology Solutions Ltd Overview

Summus Technology Solutions Ltd Health Check

SUMMUS TECHNOLOGY SOLUTIONS LTD financials

summus technology solutions ltd Credit Report and Business Information

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summus technology solutions ltd Ownership

summus technology solutions ltd directors

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