opeready systems ltd
opeready systems ltd Company Information
Company Number
07969833
Website
www.opeready.comRegistered Address
5 north end road, london, NW11 7RJ
Industry
Other information technology and computer service activities
Telephone
02084579111
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
benjamin landshut 29.3%
ilan sapir 29.3%
View Allopeready systems ltd Estimated Valuation
Pomanda estimates the enterprise value of OPEREADY SYSTEMS LTD at £99.6k based on a Turnover of £140.7k and 0.71x industry multiple (adjusted for size and gross margin).
opeready systems ltd Estimated Valuation
Pomanda estimates the enterprise value of OPEREADY SYSTEMS LTD at £204.4k based on an EBITDA of £40.9k and a 5x industry multiple (adjusted for size and gross margin).
opeready systems ltd Estimated Valuation
Pomanda estimates the enterprise value of OPEREADY SYSTEMS LTD at £55.3k based on Net Assets of £142.9k and 0.39x industry multiple (adjusted for liquidity).
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Opeready Systems Ltd Overview
Opeready Systems Ltd is a live company located in london, NW11 7RJ with a Companies House number of 07969833. It operates in the other information technology service activities sector, SIC Code 62090. Founded in February 2012, it's largest shareholder is benjamin landshut with a 29.3% stake. Opeready Systems Ltd is a established, micro sized company, Pomanda has estimated its turnover at £140.7k with healthy growth in recent years.
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Opeready Systems Ltd Health Check
Pomanda's financial health check has awarded Opeready Systems Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £140.7k, make it smaller than the average company (£6.6m)
- Opeready Systems Ltd
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.4%)
- Opeready Systems Ltd
5.4% - Industry AVG
Production
with a gross margin of 51.8%, this company has a comparable cost of product (51.8%)
- Opeready Systems Ltd
51.8% - Industry AVG
Profitability
an operating margin of 29% make it more profitable than the average company (3.7%)
- Opeready Systems Ltd
3.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - Opeready Systems Ltd
43 - Industry AVG
Pay Structure
on an average salary of £68.2k, the company has an equivalent pay structure (£68.2k)
- Opeready Systems Ltd
£68.2k - Industry AVG
Efficiency
resulting in sales per employee of £140.7k, this is equally as efficient (£162.1k)
- Opeready Systems Ltd
£162.1k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (55 days)
- Opeready Systems Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (36 days)
- Opeready Systems Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Opeready Systems Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 174 weeks, this is more cash available to meet short term requirements (15 weeks)
174 weeks - Opeready Systems Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.3%, this is a lower level of debt than the average (63.8%)
29.3% - Opeready Systems Ltd
63.8% - Industry AVG
OPEREADY SYSTEMS LTD financials
Opeready Systems Ltd's latest turnover from December 2022 is estimated at £140.7 thousand and the company has net assets of £142.9 thousand. According to their latest financial statements, Opeready Systems Ltd has 1 employee and maintains cash reserves of £179.4 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 | Dec 2014 | Dec 2013 | Dec 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 | 1 | 1 | 1 | 1 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 212 | 318 | 478 | 714 | 341 | 682 | 1,023 | 2,061 | 4,121 | 6,182 | 0 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 212 | 318 | 478 | 714 | 341 | 682 | 1,023 | 2,061 | 4,121 | 6,182 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,429 | 10,990 | 20,739 | 10,084 | 5,048 | 76,527 | 202 | 11,541 | 12,791 | 13,182 | 2 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 2,529 | 0 | 398 | 243 | 395 | 0 | 0 | 0 |
| Cash | 179,396 | 157,462 | 89,713 | 44,864 | 78,638 | 40,191 | 3,406 | 4,961 | 6,832 | 181 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 201,825 | 168,452 | 110,452 | 57,477 | 84,050 | 117,116 | 3,851 | 16,897 | 19,623 | 13,363 | 2 |
| total assets | 202,037 | 168,770 | 110,930 | 58,191 | 84,391 | 117,798 | 4,874 | 18,958 | 23,744 | 19,545 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,579 | 17,862 | 15,460 | 37,479 | 15,460 | 0 | 958 | 0 | 55,971 | 41,752 | 119 |
| Group/Directors Accounts | 10,955 | 19,662 | 19,662 | 20,650 | 0 | 47,294 | 42,652 | 10,920 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 21,308 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 25,987 | 18,512 | 13,722 | 1,713 | 0 | 35,119 | 800 | 44,071 | 0 | 0 | 0 |
| total current liabilities | 53,521 | 56,036 | 48,844 | 59,842 | 47,706 | 82,413 | 44,410 | 54,991 | 55,971 | 41,752 | 119 |
| loans | 5,590 | 7,150 | 7,800 | 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 | 634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,590 | 7,150 | 7,800 | 634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 59,111 | 63,186 | 56,644 | 60,476 | 47,706 | 82,413 | 44,410 | 54,991 | 55,971 | 41,752 | 119 |
| net assets | 142,926 | 105,584 | 54,286 | -2,285 | 36,685 | 35,385 | -39,536 | -36,033 | -32,227 | -22,207 | -117 |
| total shareholders funds | 142,926 | 105,584 | 54,286 | -2,285 | 36,685 | 35,385 | -39,536 | -36,033 | -32,227 | -22,207 | -117 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 106 | 160 | 236 | 352 | 341 | 341 | 2,402 | 2,060 | 2,061 | 2,060 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,439 | -9,749 | 8,126 | 7,565 | -71,877 | 76,480 | -11,491 | -855 | -391 | 13,180 | 2 |
| Creditors | -1,283 | 2,402 | -22,019 | 22,019 | 15,460 | -958 | 958 | -55,971 | 14,219 | 41,633 | 119 |
| Accruals and Deferred Income | 7,475 | 4,790 | 12,009 | 1,713 | -35,119 | 34,319 | -43,271 | 44,071 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | -8,707 | 0 | -988 | 20,650 | -47,294 | 4,642 | 31,732 | 10,920 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -21,308 | 21,308 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,560 | -650 | 7,800 | 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 | -634 | 634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 21,934 | 67,749 | 44,849 | -33,774 | 38,447 | 36,785 | -1,555 | -1,871 | 6,651 | 181 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 21,934 | 67,749 | 44,849 | -33,774 | 38,447 | 36,785 | -1,555 | -1,871 | 6,651 | 181 | 0 |
opeready systems ltd Credit Report and Business Information
Opeready Systems Ltd Competitor Analysis
Perform a competitor analysis for opeready systems ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in NW11 area or any other competitors across 12 key performance metrics.
opeready systems ltd Ownership
OPEREADY SYSTEMS LTD group structure
Opeready Systems Ltd has no subsidiary companies.
Ultimate parent company
OPEREADY SYSTEMS LTD
07969833
opeready systems ltd directors
Opeready Systems Ltd currently has 5 directors. The longest serving directors include Mr Benjamin Landshut (Feb 2012) and Mr Moshe Cohen (Feb 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Landshut | Israel | 73 years | Feb 2012 | - | Director |
| Mr Moshe Cohen | United Kingdom | 66 years | Feb 2012 | - | Director |
| Ms Agnes Vaspori | 40 years | Jun 2020 | - | Director | |
| Mr Andrey Dodzin | 56 years | Jun 2020 | - | Director | |
| Mr Ilan Sapir | 57 years | Jun 2020 | - | Director |
P&L
December 2022turnover
140.7k
+38%
operating profit
40.8k
0%
gross margin
51.9%
-0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
142.9k
+0.35%
total assets
202k
+0.2%
cash
179.4k
+0.14%
net assets
Total assets minus all liabilities
Similar Companies
opeready systems ltd company details
company number
07969833
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
February 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
5 north end road, london, NW11 7RJ
accountant
MARTIN & HELLER
auditor
-
opeready 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 opeready systems ltd.
opeready systems ltd Companies House Filings - See Documents
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