with reason ltd
with reason ltd Company Information
Company Number
08029899
Next Accounts
1 days late
Shareholders
paragon customer communications (london) limited
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
lower ground floor, park house,, finsbury circus, london, EC2M 7EB
Website
www.withreason.co.ukwith reason ltd Estimated Valuation
Pomanda estimates the enterprise value of WITH REASON LTD at £2.7m based on a Turnover of £3.6m and 0.75x industry multiple (adjusted for size and gross margin).
with reason ltd Estimated Valuation
Pomanda estimates the enterprise value of WITH REASON LTD at £0 based on an EBITDA of £-863.6k and a 5.27x industry multiple (adjusted for size and gross margin).
with reason ltd Estimated Valuation
Pomanda estimates the enterprise value of WITH REASON LTD at £2 based on Net Assets of £1 and 2.29x industry multiple (adjusted for liquidity).
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With Reason Ltd Overview
With Reason Ltd is a live company located in london, EC2M 7EB with a Companies House number of 08029899. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2012, it's largest shareholder is paragon customer communications (london) limited with a 100% stake. With Reason Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.6m with healthy growth in recent years.
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With Reason Ltd Health Check
Pomanda's financial health check has awarded With Reason Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £3.6m, make it larger than the average company (£1.3m)
- With Reason Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6%)
- With Reason Ltd
6% - Industry AVG
Production
with a gross margin of 48.4%, this company has a comparable cost of product (48.4%)
- With Reason Ltd
48.4% - Industry AVG
Profitability
an operating margin of -24% make it less profitable than the average company (6.8%)
- With Reason Ltd
6.8% - Industry AVG
Employees
with 29 employees, this is above the industry average (13)
29 - With Reason Ltd
13 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
- With Reason Ltd
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £125.6k, this is equally as efficient (£125.6k)
- With Reason Ltd
£125.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- With Reason Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- With Reason Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- With Reason Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (18 weeks)
52 weeks - With Reason Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (58.1%)
100% - With Reason Ltd
58.1% - Industry AVG
WITH REASON LTD financials
With Reason Ltd's latest turnover from June 2023 is estimated at £3.6 million and the company has net assets of £1. According to their latest financial statements, With Reason Ltd has 29 employees and maintains cash reserves of £113 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,572,658 | ||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 589,434 | ||||||||||
| Gross Profit | 983,224 | ||||||||||
| Admin Expenses | 365,924 | ||||||||||
| Operating Profit | 617,300 | ||||||||||
| Interest Payable | 8 | ||||||||||
| Interest Receivable | 306 | ||||||||||
| Pre-Tax Profit | 587,090 | ||||||||||
| Tax | -118,971 | ||||||||||
| Profit After Tax | 468,119 | ||||||||||
| Dividends Paid | 446,919 | ||||||||||
| Retained Profit | 21,200 | ||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 29 | 29 | 30 | 21 | 15 | 14 | 10 | 7 | |||
| EBITDA* | 652,193 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,222 | 56,830 | 33,972 | 18,322 | 26,147 | 34,913 | 784 | 5,151 | 5,390 | 2,268 | |
| Intangible Assets | |||||||||||
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 19,964 | |||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 27,223 | 56,831 | 33,973 | 18,323 | 26,148 | 34,914 | 785 | 25,115 | 5,390 | 2,268 | |
| Stock & work in progress | |||||||||||
| Trade Debtors | 890,111 | 1,275,076 | 771,171 | 427,795 | 175,167 | 598,811 | 473,409 | 246,054 | 140,733 | 54,972 | |
| Group Debtors | |||||||||||
| Misc Debtors | 36,447 | 74,525 | 67,130 | 59,192 | 103,908 | 57,558 | 30,317 | 26,000 | |||
| Cash | 112,985 | 888,010 | 381,215 | 620,628 | 505,206 | 243,857 | 323,265 | 217,100 | 130,544 | 99,009 | 106,708 |
| misc current assets | |||||||||||
| total current assets | 112,985 | 1,814,568 | 1,730,816 | 1,458,929 | 992,193 | 522,932 | 979,634 | 720,826 | 402,598 | 239,742 | 161,680 |
| total assets | 112,985 | 1,841,791 | 1,787,647 | 1,492,902 | 1,010,516 | 549,080 | 1,014,548 | 721,611 | 427,713 | 245,132 | 163,948 |
| Bank overdraft | |||||||||||
| Bank loan | 50,000 | ||||||||||
| Trade Creditors | 304,330 | 212,005 | 158,825 | 164,204 | 96,791 | 166,718 | 144,206 | 177,066 | 128,565 | 53,598 | |
| Group/Directors Accounts | 112,984 | 292,703 | |||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 394,613 | 429,036 | 529,880 | 424,718 | 188,494 | 448,289 | 305,850 | ||||
| total current liabilities | 112,984 | 991,646 | 691,041 | 688,705 | 588,922 | 285,285 | 615,007 | 450,056 | 177,066 | 128,565 | 53,598 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 800 | 8,000 | |||||||||
| total long term liabilities | 800 | 8,000 | |||||||||
| total liabilities | 112,984 | 992,446 | 699,041 | 688,705 | 588,922 | 285,285 | 615,007 | 450,056 | 177,066 | 128,565 | 53,598 |
| net assets | 1 | 849,345 | 1,088,606 | 804,197 | 421,594 | 263,795 | 399,541 | 271,555 | 250,647 | 116,567 | 110,350 |
| total shareholders funds | 1 | 849,345 | 1,088,606 | 804,197 | 421,594 | 263,795 | 399,541 | 271,555 | 250,647 | 116,567 | 110,350 |
| Jun 2023 | Jun 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 617,300 | ||||||||||
| Depreciation | 9,971 | 41,560 | 25,491 | 23,627 | 25,940 | 22,243 | 19,547 | 34,893 | 5,210 | 3,261 | 1,134 |
| Amortisation | |||||||||||
| Tax | -118,971 | ||||||||||
| Stock | |||||||||||
| Debtors | -926,558 | -423,043 | 511,300 | 351,314 | 207,912 | -377,294 | 152,643 | 231,672 | 131,321 | 85,761 | 54,972 |
| Creditors | -304,330 | 92,325 | 53,180 | -5,379 | 67,413 | -69,927 | 22,512 | -32,860 | 48,501 | 74,967 | 53,598 |
| Accruals and Deferred Income | -394,613 | -34,423 | -100,844 | 105,162 | 236,224 | -259,795 | 142,439 | 305,850 | |||
| Deferred Taxes & Provisions | -800 | -7,200 | 8,000 | ||||||||
| Cash flow from operations | 574,540 | ||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -1 | -19,963 | 19,964 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | -50,000 | 50,000 | |||||||||
| Group/Directors Accounts | -179,719 | 292,703 | |||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | 298 | ||||||||||
| cash flow from financing | 6 | ||||||||||
| cash and cash equivalents | |||||||||||
| cash | -775,025 | 506,795 | -239,413 | 115,422 | 261,349 | -79,408 | 106,165 | 86,556 | 31,535 | -7,699 | 106,708 |
| overdraft | |||||||||||
| change in cash | -775,025 | 506,795 | -239,413 | 115,422 | 261,349 | -79,408 | 106,165 | 86,556 | 31,535 | -7,699 | 106,708 |
with reason ltd Credit Report and Business Information
With Reason Ltd Competitor Analysis
Perform a competitor analysis for with reason ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2M area or any other competitors across 12 key performance metrics.
with reason ltd Ownership
WITH REASON LTD group structure
With Reason Ltd has no subsidiary companies.
Ultimate parent company
GRENADIER CFH SARL
#0164744
2 parents
WITH REASON LTD
08029899
with reason ltd directors
With Reason Ltd currently has 6 directors. The longest serving directors include Mr Patrick Crean (Jan 2022) and Mr Laurent Salmon (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Crean | Ireland | 62 years | Jan 2022 | - | Director |
| Mr Laurent Salmon | Ireland | 61 years | Jan 2022 | - | Director |
| Mr Laurent Salmon | England | 61 years | Jan 2022 | - | Director |
| Mr Jeremy Walters | England | 52 years | Jan 2022 | - | Director |
| Mr Sean Shine | England | 61 years | Jan 2022 | - | Director |
| Mr Patrick Crean | Ireland | 62 years | Jan 2022 | - | Director |
P&L
June 2023turnover
3.6m
-8%
operating profit
-873.6k
0%
gross margin
48.5%
+3.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1
-1%
total assets
113k
-0.94%
cash
113k
-0.87%
net assets
Total assets minus all liabilities
with reason ltd company details
company number
08029899
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
lower ground floor, park house,, finsbury circus, london, EC2M 7EB
Bank
-
Legal Advisor
-
with reason 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 found 1 charges/mortgages relating to with reason ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
with reason ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WITH REASON LTD. This can take several minutes, an email will notify you when this has completed.
with reason ltd Companies House Filings - See Documents
| date | description | view/download |
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