Cloudsmart Limited

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cloudsmart limited Company Information

Live

EstablishedMicroDeclining

Company Number

07469923

Website

http://conduco.co.uk

Registered Address

9th floor, neo charlotte street, manchester, M1 4ET

Industry

Other information technology and computer service activities

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Nugent13 Years

Shareholders

lowry trading ltd 86.3%

andrew whitworth 7.5%

View All

cloudsmart limited Estimated Valuation

£36.7k

Pomanda estimates the enterprise value of CLOUDSMART LIMITED at £36.7k based on a Turnover of £70k and 0.52x industry multiple (adjusted for size and gross margin).

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Cloudsmart Limited is a live company located in manchester, M1 4ET with a Companies House number of 07469923. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2010, it's largest shareholder is lowry trading ltd with a 86.3% stake. Cloudsmart Limited is a established, micro sized company, Pomanda has estimated its turnover at £70k with declining growth in recent years.

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Pomanda's financial health check has awarded Cloudsmart Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 10 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

10 Weak

Size

annual sales of £70k, make it smaller than the average company (£6.7m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (5.3%)

EXPORT

Cloudsmart Limited's latest turnover from December 2022 is estimated at £70 thousand and the company has net assets of -£26.1 thousand. According to their latest financial statements, Cloudsmart Limited has 1 employee and maintains cash reserves of £10.5 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	Mar 2015	Mar 2014	Mar 2013	Dec 2011
Turnover	69,993	58,571	75,287	196,059	281,016	384,076	613,178	369,814	405,313	214,898	474,847	677,922
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	51,096	43,141	56,302	154,139	201,870	271,935	329,905	262,254	285,875	151,415	328,094	480,819
Gross Profit	18,897	15,430	18,986	41,920	79,146	112,141	283,273	107,560	119,438	63,483	146,753	197,103
Admin Expenses	37,081	28,195	23,049	56,338	58,412	113,754	338,815	106,012	5,792	12,557	107,827	171,889
Operating Profit	-18,184	-12,765	-4,063	-14,418	20,734	-1,613	-55,542	1,548	113,646	50,926	38,926	25,214
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	469	25	17	0	0	0	0	0	378	382	199	524
Pre-Tax Profit	-17,715	-12,740	-4,046	-14,418	20,734	-1,613	-55,542	1,548	114,024	51,308	39,125	25,738
Tax	0	0	0	0	0	87	-13,897	0	-23,945	-11,801	-9,390	-6,692
Profit After Tax	-17,715	-12,740	-4,046	-14,418	20,734	-1,526	-69,439	1,548	90,079	39,507	29,735	19,046
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-17,715	-12,740	-4,046	-14,418	20,734	-1,526	-69,439	1,548	90,079	39,507	29,735	19,046
Employee Costs	67,965	65,000	61,141	0	0	0	138,247	110,107	106,680	51,611	99,660	155,874
Number Of Employees	1	1	1	1	1	1	26	2	2	1	2	3
EBITDA*	-18,184	-12,765	-4,063	-14,418	20,734	-1,613	-55,542	1,548	113,646	50,926	38,926	25,214

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Mar 2015	Mar 2014	Mar 2013	Dec 2011
Tangible Assets	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
Investments & Other	0	0	0	0	0	0	0	124,443	124,443	124,443	124,443	70,044
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	124,443	124,443	124,443	124,443	70,044
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	19,654	13,926	22,257	6,979	29,405	38,315	42,802	51,156	106,794	49,463	101,846	154,295
Group Debtors	0	0	17,800	0	0	0	0	0	0	0	0	0
Misc Debtors	4,126	3,882	13,149	12,129	10,443	5,961	35,383	25,356	4,712	0	0	0
Cash	10,485	16,303	3,971	29,725	41,793	5,369	7,422	4,599	78,177	72,951	79,782	209,697
misc current assets	0	0	0	0	0	0	0	0	0	1,950	5,284	2,941
total current assets	34,265	34,111	57,177	48,833	81,641	49,645	85,607	81,111	189,683	124,364	186,912	366,933
total assets	34,265	34,111	57,177	48,833	81,641	49,645	85,607	205,554	314,126	248,807	311,355	436,977
Bank overdraft	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
Trade Creditors	4,429	5,506	12,610	9,643	33,322	29,605	57,308	48,333	106,882	122,910	281,600	357,387
Group/Directors Accounts	12,480	0	0	0	0	2,431	24	0	0	0	0	0
other short term finances	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
other current liabilities	43,457	36,991	40,213	30,790	25,501	15,525	24,665	74,170	47,903	0	0	0
total current liabilities	60,366	42,497	52,823	40,433	58,823	47,561	81,997	122,503	154,785	122,910	281,600	357,387
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	56,635	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	56,635	0	0
total liabilities	60,366	42,497	52,823	40,433	58,823	47,561	81,997	122,503	154,785	179,545	281,600	357,387
net assets	-26,101	-8,386	4,354	8,400	22,818	2,084	3,610	83,051	159,341	69,262	29,755	79,590
total shareholders funds	-26,101	-8,386	4,354	8,400	22,818	2,084	3,610	83,051	159,341	69,262	29,755	79,590

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Mar 2015	Mar 2014	Mar 2013	Dec 2011
Operating Activities
Operating Profit	-18,184	-12,765	-4,063	-14,418	20,734	-1,613	-55,542	1,548	113,646	50,926	38,926	25,214
Depreciation	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
Tax	0	0	0	0	0	87	-13,897	0	-23,945	-11,801	-9,390	-6,692
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	5,972	-35,398	34,098	-20,740	-4,428	-33,909	1,673	27,049	62,043	-52,383	101,846	154,295
Creditors	-1,077	-7,104	2,967	-23,679	3,717	-27,703	8,975	-74,577	-16,028	-158,690	281,600	357,387
Accruals and Deferred Income	6,466	-3,222	9,423	5,289	9,976	-9,140	-49,505	74,170	47,903	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-18,767	12,307	-25,771	-12,068	38,855	-4,460	-111,642	-25,908	59,533	-67,182	209,290	221,614
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	-124,443	0	0	0	124,443	70,044
cash flow from investments	0	0	0	0	0	0	124,443	0	0	0	-124,443	-70,044
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	12,480	0	0	0	-2,431	2,407	24	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-56,635	-56,635	56,635	0	0
share issue	0	0	0	0	0	0	-10,002	12,241	0	0	20	60,544
interest	469	25	17	0	0	0	0	0	378	382	199	524
cash flow from financing	12,949	25	17	0	-2,431	2,407	-9,978	-44,394	-56,257	57,017	219	61,068
cash and cash equivalents
cash	-5,818	12,332	-25,754	-12,068	36,424	-2,053	2,823	-68,352	5,226	-6,831	79,782	209,697
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-5,818	12,332	-25,754	-12,068	36,424	-2,053	2,823	-68,352	5,226	-6,831	79,782	209,697

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLOUDSMART LIMITED group structure

Cloudsmart Limited has no subsidiary companies.

Ultimate parent company

THE SCOTT FLETCHER 2008 DISCRETIONARY

#0102759

LOWRY TRADING LTD

06438997

2 parents

CLOUDSMART LIMITED

07469923

CLOUDSMART LIMITED Shareholders

lowry trading ltd	86.25%
andrew whitworth	7.5%
rob nugent	6.25%

Cloudsmart Limited currently has 1 director, Mr Robert Nugent serving since Dec 2010.

officer	country	age	start	end	role
Mr Robert Nugent	England	41 years	Dec 2010	-	Director

P&L

December 2022

turnover

70k

+20%

operating profit

-18.2k

gross margin

27%

+2.48%

turnover

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

Balance Sheet

December 2022

net assets

-26.1k

+2.11%

total assets

34.3k

cash

10.5k

-0.36%

net assets

Total assets minus all liabilities

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company number

07469923

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

December 2010

age

accounts

Audit Exemption Subsidiary

ultimate parent company

THE SCOTT FLETCHER 2008 DISCRETIONARY

previous names

conduco software limited (October 2012)

incorporated

address

9th floor, neo charlotte street, manchester, M1 4ET

last accounts submitted

December 2022

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 cloudsmart limited.

cloudsmart limited Company Information

cloudsmart limited Estimated Valuation

cloudsmart limited Estimated Valuation

cloudsmart limited Estimated Valuation

Cloudsmart Limited Overview

Cloudsmart Limited Health Check

CLOUDSMART LIMITED financials

cloudsmart limited Credit Report and Business Information

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cloudsmart limited Ownership

cloudsmart limited directors

cloudsmart limited company details

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cloudsmart limited Companies House Filings - See Documents