Odin Solutions Limited

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odin solutions limited Company Information

Live (In Liquidation)

EstablishedMicroDeclining

Company Number

07815719

Website

www.odinsol.com

Registered Address

white maund 44-46 old steine, brighton, east sussex, BN1 1NH

Industry

Computer consultancy activities

Telephone

02077540306

Next Accounts Due

304 days late

Group Structure

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Directors

Keith Bishop10 Years

Dominic Cameron3 Years

Shareholders

balraj cheema 33%

keith bishop 33%

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odin solutions limited Estimated Valuation

£169.5k

Pomanda estimates the enterprise value of ODIN SOLUTIONS LIMITED at £169.5k based on a Turnover of £251.4k and 0.67x industry multiple (adjusted for size and gross margin).

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Odin Solutions Limited is a live company located in east sussex, BN1 1NH with a Companies House number of 07815719. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2011, it's largest shareholder is balraj cheema with a 33% stake. Odin Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £251.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Odin Solutions Limited a 1.5 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

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £251.4k, make it smaller than the average company (£575.8k)

Growth

3 year (CAGR) sales growth of -56%, show it is growing at a slower rate (3.2%)

EXPORT

Odin Solutions Limited's latest turnover from March 2022 is estimated at £251.4 thousand and the company has net assets of £17.4 thousand. According to their latest financial statements, Odin Solutions Limited has 5 employees and maintains cash reserves of £23.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Turnover	251,420	960,260	1,821,152	2,864,569	2,289,832	716,433	3,560,861	1,276,057	306,405	390,508	18,900
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	136,093	498,642	872,143	1,351,276	1,014,116	302,393	1,419,016	489,611	113,355	136,116	6,538
Gross Profit	115,327	461,618	949,009	1,513,294	1,275,717	414,040	2,141,845	786,446	193,049	254,392	12,362
Admin Expenses	327,350	666,988	775,547	1,708,784	711,518	519,693	1,984,813	803,382	162,048	229,039	-4,207
Operating Profit	-212,023	-205,370	173,462	-195,490	564,199	-105,653	157,032	-16,936	31,001	25,353	16,569
Interest Payable	9,534	4,575	0	205	393	189	0	0	0	0	0
Interest Receivable	1,315	263	165	992	563	431	735	271	210	56	0
Pre-Tax Profit	-220,243	-209,682	173,627	-194,702	564,369	-105,411	157,768	-16,665	31,210	25,409	16,569
Tax	0	0	-32,989	0	-107,230	0	-31,553	0	-6,554	-5,844	0
Profit After Tax	-220,243	-209,682	140,638	-194,702	457,139	-105,411	126,214	-16,665	24,656	19,565	16,569
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-220,243	-209,682	140,638	-194,702	457,139	-105,411	126,214	-16,665	24,656	19,565	16,569
Employee Costs	244,909	688,033	925,763	1,487,332	873,701	219,179	1,555,003	575,714	169,566	216,245	53,894
Number Of Employees	5	15	20	28	17	4	27	10	3	4	1
EBITDA*	-177,484	-205,370	205,837	-144,940	591,269	-105,653	170,137	-15,008	32,667	27,146	17,518

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Tangible Assets	2,419	36,958	70,329	102,545	137,141	52,987	39,312	5,781	4,998	5,381	2,845
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	149,247	127,028	127,028	0	0	0	0	0	0	0	0
Total Fixed Assets	151,666	163,986	197,357	102,545	137,141	52,987	39,312	5,781	4,998	5,381	2,845
Stock & work in progress	0	0	0	21,300	53,500	35,000	25,500	4,850	985	775	1,275
Trade Debtors	10,200	134,200	379,053	544,196	591,878	157,287	572,800	211,407	43,395	59,460	4,950
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,724	46,431	83,809	0	104,652	1,151	0	0	0	0	0
Cash	23,913	326,659	199,509	130,277	134,322	90,901	253,728	40,309	68,205	15,596	6,925
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	73,837	507,290	662,371	695,773	884,352	284,339	852,028	256,566	112,585	75,831	13,150
total assets	225,503	671,276	859,728	798,318	1,021,493	337,326	891,340	262,347	117,583	81,212	15,995
Bank overdraft	30,000	17,500	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	45,271	94,441	141,297	491,629	229,712	118,657	741,677	238,898	77,469	65,754	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	6,064	6,036	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	29,870	182,167	257,741	0	265,067	168,381	0	0	0	0	20,102
total current liabilities	105,141	294,108	399,038	491,629	500,843	293,074	741,677	238,898	77,469	65,754	20,102
loans	102,500	132,500	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	460	7,023	13,363	0	19,259	0	0	0	0	0	0
total long term liabilities	102,960	139,523	13,363	0	19,259	0	0	0	0	0	0
total liabilities	208,101	433,631	412,401	491,629	520,102	293,074	741,677	238,898	77,469	65,754	20,102
net assets	17,402	237,645	447,327	306,689	501,391	44,252	149,663	23,449	40,114	15,458	-4,107
total shareholders funds	17,402	237,645	447,327	306,689	501,391	44,252	149,663	23,449	40,114	15,458	-4,107

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Operating Activities
Operating Profit	-212,023	-205,370	173,462	-195,490	564,199	-105,653	157,032	-16,936	31,001	25,353	16,569
Depreciation	34,539	0	32,375	50,550	27,070	0	13,105	1,928	1,666	1,793	949
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-32,989	0	-107,230	0	-31,553	0	-6,554	-5,844	0
Stock	0	0	-21,300	-32,200	18,500	9,500	20,650	3,865	210	-500	1,275
Debtors	-108,488	-282,231	45,694	-152,334	538,092	-414,362	361,393	168,012	-16,065	54,510	4,950
Creditors	-49,170	-46,856	-350,332	261,917	111,055	-623,020	502,779	161,429	11,715	65,754	0
Accruals and Deferred Income	-152,297	-75,574	257,741	-265,067	96,686	168,381	0	0	0	-20,102	20,102
Deferred Taxes & Provisions	-6,563	-6,340	13,363	-19,259	19,259	0	0	0	0	0	0
Cash flow from operations	-277,026	-51,909	69,226	17,185	154,447	-155,430	259,320	-25,456	53,683	12,944	31,395
Investing Activities
capital expenditure	0	33,371	-159	-15,954	-111,224	-13,675	-46,636	-2,711	-1,283	-4,329	-3,794
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	33,371	-159	-15,954	-111,224	-13,675	-46,636	-2,711	-1,283	-4,329	-3,794
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	-6,064	28	6,036	0	0	0	0	0
Long term loans	-30,000	132,500	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	-20,676
interest	-8,219	-4,312	165	787	170	242	735	271	210	56	0
cash flow from financing	-38,219	128,188	165	-5,277	198	6,278	735	271	210	56	-20,676
cash and cash equivalents
cash	-302,746	127,150	69,232	-4,045	43,421	-162,827	213,419	-27,896	52,609	8,671	6,925
overdraft	12,500	17,500	0	0	0	0	0	0	0	0	0
change in cash	-315,246	109,650	69,232	-4,045	43,421	-162,827	213,419	-27,896	52,609	8,671	6,925

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ODIN SOLUTIONS LIMITED group structure

Odin Solutions Limited has 1 subsidiary company.

Ultimate parent company

ODIN SOLUTIONS LIMITED

07815719

1 subsidiary

ODIN TRUSTEES LIMITED

11836709

ODIN SOLUTIONS LIMITED Shareholders

balraj cheema	33.02%
keith bishop	32.99%
odin trustees limited	19.99%
james henderson	14%

Odin Solutions Limited currently has 2 directors. The longest serving directors include Mr Keith Bishop (Feb 2014) and Mr Dominic Cameron (Dec 2020).

officer	country	age	start	end	role
Mr Keith Bishop		47 years	Feb 2014	-	Director
Mr Dominic Cameron	England	68 years	Dec 2020	-	Director

P&L

March 2022

turnover

251.4k

-74%

operating profit

-212k

gross margin

45.9%

-4.58%

turnover

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

Balance Sheet

March 2022

net assets

17.4k

-0.93%

total assets

225.5k

-0.66%

cash

23.9k

-0.93%

net assets

Total assets minus all liabilities

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signature software solutions limited

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company number

07815719

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

October 2011

ultimate parent company

None

previous names

ray solutions ltd (July 2012)

address

white maund 44-46 old steine, brighton, east sussex, BN1 1NH

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 found 2 charges/mortgages relating to odin solutions limited. Currently there are 1 open charges and 1 have been satisfied in the past.

odin solutions limited Company Information

odin solutions limited Estimated Valuation

odin solutions limited Estimated Valuation

odin solutions limited Estimated Valuation

Odin Solutions Limited Overview

Odin Solutions Limited Health Check

ODIN SOLUTIONS LIMITED financials

odin solutions limited Credit Report and Business Information

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odin solutions limited Ownership

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