solutionpath limited
solutionpath limited Company Information
Company Number
08033357
Website
solutionpath.co.ukRegistered Address
26-32 oxford road, suite b, 6th floor, avalon house, bournemouth, dorset, BH8 8EZ
Industry
Computer facilities management activities
Telephone
01133852694
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
kortext limited 100%
solutionpath limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTIONPATH LIMITED at £5.3m based on a Turnover of £5.7m and 0.94x industry multiple (adjusted for size and gross margin).
solutionpath limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTIONPATH LIMITED at £0 based on an EBITDA of £-256.4k and a 7.08x industry multiple (adjusted for size and gross margin).
solutionpath limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTIONPATH LIMITED at £0 based on Net Assets of £-913.1k and 1.99x industry multiple (adjusted for liquidity).
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Solutionpath Limited Overview
Solutionpath Limited is a live company located in bournemouth, BH8 8EZ with a Companies House number of 08033357. It operates in the computer facilities management activities sector, SIC Code 62030. Founded in April 2012, it's largest shareholder is kortext limited with a 100% stake. Solutionpath Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.7m with rapid growth in recent years.
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Solutionpath Limited Health Check
Pomanda's financial health check has awarded Solutionpath Limited a 3 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £5.7m, make it larger than the average company (£2.3m)
- Solutionpath Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (7.5%)
- Solutionpath Limited
7.5% - Industry AVG
Production
with a gross margin of 47.3%, this company has a comparable cost of product (47.3%)
- Solutionpath Limited
47.3% - Industry AVG
Profitability
an operating margin of -7.4% make it less profitable than the average company (6%)
- Solutionpath Limited
6% - Industry AVG
Employees
with 29 employees, this is above the industry average (13)
29 - Solutionpath Limited
13 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)
- Solutionpath Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £195.7k, this is more efficient (£159.7k)
- Solutionpath Limited
£159.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (48 days)
- Solutionpath Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (34 days)
- Solutionpath Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solutionpath Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (18 weeks)
8 weeks - Solutionpath Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.5%, this is a higher level of debt than the average (60.2%)
139.5% - Solutionpath Limited
60.2% - Industry AVG
solutionpath limited Credit Report and Business Information
Solutionpath Limited Competitor Analysis
Perform a competitor analysis for solutionpath limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
solutionpath limited Ownership
SOLUTIONPATH LIMITED group structure
Solutionpath Limited has no subsidiary companies.
solutionpath limited directors
Solutionpath Limited currently has 4 directors. The longest serving directors include Mr Richard Gascoigne (Apr 2012) and Mr David Cole (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Gascoigne | 53 years | Apr 2012 | - | Director | |
| Mr David Cole | England | 56 years | Sep 2017 | - | Director |
| Mr Mark Edmondson | England | 46 years | Sep 2022 | - | Director |
| Mr Jeremy Duckworth | England | 61 years | Sep 2022 | - | Director |
SOLUTIONPATH LIMITED financials
Solutionpath Limited's latest turnover from June 2023 is estimated at £5.7 million and the company has net assets of -£913.1 thousand. According to their latest financial statements, Solutionpath Limited has 29 employees and maintains cash reserves of £514.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 29 | 28 | 22 | 21 | 11 | 12 | 8 | 6 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 25,598 | 31,766 | 10,971 | 9,584 | 7,176 | 7,546 | 4,964 | 5,620 | 10,149 | 10,322 | 0 |
| Intangible Assets | 231,135 | 384,700 | 303,647 | 377,430 | 470,020 | 557,822 | 103,488 | 102,476 | 98,027 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 2,500 | 29,400 | 29,400 | 29,400 | 9,800 | 0 | 0 |
| Total Fixed Assets | 256,733 | 416,466 | 314,618 | 387,014 | 479,696 | 594,768 | 137,852 | 137,496 | 117,976 | 10,322 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 500 | 500 | 500 | 0 | 0 | 0 |
| Trade Debtors | 1,085,989 | 1,021,748 | 1,195,261 | 361,000 | 968,400 | 905,010 | 379,200 | 309,600 | 0 | 40,060 | 0 |
| Group Debtors | 0 | 0 | 0 | 183,447 | 0 | 0 | 64,610 | 282,282 | 20,064 | 0 | 0 |
| Misc Debtors | 452,035 | 495,189 | 55,777 | 31,548 | 162,855 | 149,690 | 85,822 | 7,580 | 11,111 | 0 | 0 |
| Cash | 514,205 | 379,074 | 779,657 | 3,772 | 1,300 | 3,399 | 892 | 29,551 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,052,229 | 1,896,011 | 2,030,695 | 579,767 | 1,132,555 | 1,058,599 | 531,024 | 629,513 | 31,175 | 40,060 | 0 |
| total assets | 2,308,962 | 2,312,477 | 2,345,313 | 966,781 | 1,612,251 | 1,653,367 | 668,876 | 767,009 | 149,151 | 50,382 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 215,910 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 52,517 | 70,186 | 112,950 | 8,783 | 104,031 | 156,222 | 7,325 | 5,717 | 0 | 209,631 | 0 |
| Group/Directors Accounts | 924,349 | 0 | 3,633 | 0 | 422,701 | 341,874 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 143,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 8,329 | 0 | 137,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,238,133 | 1,816,789 | 517,199 | 504,341 | 855,249 | 1,006,298 | 494,736 | 320,696 | 4,000 | 0 | 0 |
| total current liabilities | 3,214,999 | 2,111,214 | 777,532 | 650,374 | 1,381,981 | 1,504,394 | 502,061 | 326,413 | 4,000 | 209,631 | 0 |
| loans | 0 | 661,173 | 856,250 | 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 | 7,084 | 7,084 | 55,134 | 44,129 | 49,000 | 66,000 | 3,200 | 3,200 | 5,600 | 0 | 0 |
| total long term liabilities | 7,084 | 668,257 | 911,384 | 44,129 | 49,000 | 66,000 | 3,200 | 3,200 | 5,600 | 0 | 0 |
| total liabilities | 3,222,083 | 2,779,471 | 1,688,916 | 694,503 | 1,430,981 | 1,570,394 | 505,261 | 329,613 | 9,600 | 209,631 | 0 |
| net assets | -913,121 | -466,994 | 656,397 | 272,278 | 181,270 | 82,973 | 163,615 | 437,396 | 139,551 | -159,249 | 0 |
| total shareholders funds | -913,121 | -466,994 | 656,397 | 272,278 | 181,270 | 82,973 | 163,615 | 437,396 | 139,551 | -159,249 | 0 |
| Jun 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 10,230 | 6,514 | 5,333 | 5,880 | 3,915 | 4,371 | 5,820 | 4,529 | 10,525 | 3,440 | |
| Amortisation | 153,565 | 164,781 | 136,829 | 139,717 | 152,671 | 58,746 | 38,172 | 31,534 | 0 | 0 | |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | -500 | 0 | 0 | 500 | 0 | 0 | 0 |
| Debtors | 21,087 | 265,899 | 675,043 | -557,760 | 49,655 | 525,068 | -69,830 | 587,887 | 915 | 40,060 | 0 |
| Creditors | -17,669 | -42,764 | 104,167 | -95,248 | -52,191 | 148,897 | 1,608 | 5,717 | -209,631 | 209,631 | 0 |
| Accruals and Deferred Income | 421,344 | 1,299,590 | 12,858 | -350,908 | -151,049 | 511,562 | 174,040 | 316,696 | 4,000 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -48,050 | 11,005 | -4,871 | -17,000 | 62,800 | 0 | -2,400 | 5,600 | 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 | -215,910 | 215,910 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 924,349 | -3,633 | 3,633 | -422,701 | 80,827 | 341,874 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -143,750 | 143,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -661,173 | -195,077 | 856,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -8,329 | 8,329 | -137,250 | 137,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 135,131 | -400,583 | 775,885 | 2,472 | -2,099 | 2,507 | -28,659 | 29,551 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 135,131 | -400,583 | 775,885 | 2,472 | -2,099 | 2,507 | -28,659 | 29,551 | 0 | 0 | 0 |
P&L
June 2023turnover
5.7m
+28%
operating profit
-420.2k
0%
gross margin
47.4%
+5.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-913.1k
+0.96%
total assets
2.3m
0%
cash
514.2k
+0.36%
net assets
Total assets minus all liabilities
Similar Companies
solutionpath limited company details
company number
08033357
Type
Private limited with Share Capital
industry
62030 - Computer facilities management activities
incorporation date
April 2012
age
12
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
26-32 oxford road, suite b, 6th floor, avalon house, bournemouth, dorset, BH8 8EZ
last accounts submitted
June 2023
solutionpath limited 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 4 charges/mortgages relating to solutionpath limited. Currently there are 2 open charges and 2 have been satisfied in the past.
solutionpath limited Companies House Filings - See Documents
| date | description | view/download |
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