Professional It (mk) Limited

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professional it (mk) limited Company Information

Live

EstablishedSmallRapid

Company Number

07802423

Website

http://pro-ituk.com

Registered Address

17 the hythe, two mile ash, milton keynes, bucks, MK8 8PB

Industry

Other information technology and computer service activities

Telephone

01908776699

Next Accounts Due

December 2024

Group Structure

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Directors

Hasnain Datoo12 Years

Shareholders

hasnain datoo 50%

sukaina datoo 50%

professional it (mk) limited Estimated Valuation

£768.4k

Pomanda estimates the enterprise value of PROFESSIONAL IT (MK) LIMITED at £768.4k based on a Turnover of £1.4m and 0.55x industry multiple (adjusted for size and gross margin).

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Professional It (mk) Limited is a live company located in milton keynes, MK8 8PB with a Companies House number of 07802423. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2011, it's largest shareholder is hasnain datoo with a 50% stake. Professional It (mk) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Professional It (Mk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£6.3m)

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (6.3%)

EXPORT

Professional It (Mk) Limited's latest turnover from March 2023 is estimated at £1.4 million and the company has net assets of £182.3 thousand. According to their latest financial statements, Professional It (Mk) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,387,880	2,417,107	931,327	443,177	212,886	440,824	404,256	407,530	571,916	619,797	278,784	227,872
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,027,595	1,784,922	700,165	331,021	157,340	317,603	286,353	291,245	403,424	434,337	192,276	156,390
Gross Profit	360,284	632,185	231,162	112,155	55,546	123,221	117,903	116,285	168,492	185,460	86,508	71,483
Admin Expenses	243,624	521,663	167,794	71,275	33,103	113,181	140,544	140,706	209,045	201,601	89,879	77,304
Operating Profit	116,660	110,522	63,368	40,880	22,443	10,040	-22,641	-24,421	-40,553	-16,141	-3,371	-5,821
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	7	46	105	166	115	22
Pre-Tax Profit	116,660	110,522	63,368	40,880	22,443	10,040	-22,634	-24,375	-40,448	-15,975	-3,257	-5,799
Tax	-22,165	-20,999	-12,040	-7,767	-4,264	-1,908	0	0	0	0	0	0
Profit After Tax	94,495	89,523	51,328	33,113	18,179	8,132	-22,634	-24,375	-40,448	-15,975	-3,257	-5,799
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	94,495	89,523	51,328	33,113	18,179	8,132	-22,634	-24,375	-40,448	-15,975	-3,257	-5,799
Employee Costs	66,199	63,295	120,669	114,936	57,410	110,298	107,400	106,062	106,735	154,810	99,660	50,053
Number Of Employees	1	1	2	2	1	2	2	2	2	3	2	1
EBITDA*	116,660	110,522	63,368	40,880	22,443	10,040	-22,641	-24,064	-40,118	-15,610	-2,724	-5,821

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	139	231	323	0	40	687	1,334	1,627	1,984	2,419	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	2,950	0
Investments & Other	0	0	0	0	0	0	0	1,000	1,000	1,000	1,000	1,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	139	231	323	0	40	687	1,334	2,627	2,984	3,419	3,950	1,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	627,810	1,063,755	401,338	177,182	75,519	184,491	155,504	104,463	147,205	166,010	71,689	56,958
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	1,538	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	5,943	12,526	29,321	36,894	8,906
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	627,810	1,065,293	401,338	177,182	75,519	184,491	155,504	110,406	159,731	195,331	108,583	65,864
total assets	627,949	1,065,524	401,661	177,182	75,559	185,178	156,838	113,033	162,715	198,750	112,533	66,864
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	405,387	668,363	356,730	158,571	107,588	143,984	123,776	155,512	177,371	176,581	70,857	71,663
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	405,387	668,363	356,730	158,571	107,588	143,984	123,776	155,512	177,371	176,581	70,857	71,663
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	2,500	267,217	0	0	0	0	0	0	0	0	0	0
other liabilities	37,780	42,157	46,667	71,675	54,148	145,550	145,550	46,375	49,823	46,200	49,732	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	40,280	309,374	46,667	71,675	54,148	145,550	145,550	46,375	49,823	46,200	49,732	0
total liabilities	445,667	977,737	403,397	230,246	161,736	289,534	269,326	201,887	227,194	222,781	120,589	71,663
net assets	182,282	87,787	-1,736	-53,064	-86,177	-104,356	-112,488	-88,854	-64,479	-24,031	-8,056	-4,799
total shareholders funds	182,282	87,787	-1,736	-53,064	-86,177	-104,356	-112,488	-88,854	-64,479	-24,031	-8,056	-4,799

	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	116,660	110,522	63,368	40,880	22,443	10,040	-22,641	-24,421	-40,553	-16,141	-3,371	-5,821
Depreciation	0	0	0	0	0	0	0	357	435	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	531	647	0
Tax	-22,165	-20,999	-12,040	-7,767	-4,264	-1,908	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-437,483	663,955	224,156	101,663	-108,972	28,987	51,041	-42,742	-18,805	94,321	14,731	56,958
Creditors	-262,976	311,633	198,159	50,983	-36,396	20,208	-31,736	-21,859	790	105,724	-806	71,663
Accruals and Deferred Income	-264,717	267,217	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
Cash flow from operations	4,285	4,418	25,331	-17,567	90,755	-647	-105,418	-3,181	-20,523	-4,207	-18,261	8,884
Investing Activities
capital expenditure	92	92	-323	40	647	647	293	0	0	0	-3,597	0
Change in Investments	0	0	0	0	0	0	-1,000	0	0	0	0	1,000
cash flow from investments	92	92	-323	40	647	647	1,293	0	0	0	-3,597	-1,000
Financing Activities
Bank loans	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
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	-4,377	-4,510	-25,008	17,527	-91,402	0	99,175	-3,448	3,623	-3,532	49,732	0
share issue	0	0	0	0	0	0	-1,000	0	0	0	0	1,000
interest	0	0	0	0	0	0	7	46	105	166	115	22
cash flow from financing	-4,377	-4,510	-25,008	17,527	-91,402	0	98,182	-3,402	3,728	-3,366	49,847	1,022
cash and cash equivalents
cash	0	0	0	0	0	0	-5,943	-6,583	-16,795	-7,573	27,988	8,906
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-5,943	-6,583	-16,795	-7,573	27,988	8,906

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROFESSIONAL IT (MK) LIMITED group structure

Professional It (Mk) Limited has no subsidiary companies.

Ultimate parent company

PROFESSIONAL IT (MK) LIMITED

07802423

PROFESSIONAL IT (MK) LIMITED Shareholders

hasnain datoo	50%
sukaina datoo	50%

Professional It (Mk) Limited currently has 1 director, Mr Hasnain Datoo serving since Nov 2011.

officer	country	age	start	end	role
Mr Hasnain Datoo	England	57 years	Nov 2011	-	Director

P&L

March 2023

turnover

1.4m

-43%

operating profit

116.7k

gross margin

26%

-0.75%

turnover

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

Balance Sheet

March 2023

net assets

182.3k

+1.08%

total assets

627.9k

-0.41%

cash

net assets

Total assets minus all liabilities

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company number

07802423

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 2011

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

prestige it (uk) limited (December 2014)

incorporated

address

17 the hythe, two mile ash, milton keynes, bucks, MK8 8PB

last accounts submitted

March 2023

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.

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professional it (mk) limited Company Information

professional it (mk) limited Estimated Valuation

professional it (mk) limited Estimated Valuation

professional it (mk) limited Estimated Valuation

Professional It (mk) Limited Overview

Professional It (mk) Limited Health Check

PROFESSIONAL IT (MK) LIMITED financials

professional it (mk) limited Credit Report and Business Information

Professional It (mk) Limited Competitor Analysis

professional it (mk) limited Ownership

professional it (mk) limited directors

professional it (mk) limited company details

professional it (mk) limited Charges & Mortgages

professional it (mk) limited Companies House Filings - See Documents