eirtight technology ltd
eirtight technology ltd Company Information
Company Number
08081689
Website
www.eirtight.comRegistered Address
the hoxton mix 3rd floor, 86 - 90 paul street, london, EC2A 4NE
Industry
Other information technology and computer service activities
Telephone
02070605733
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
john beckett 50%
ian beckett 50%
eirtight technology ltd Estimated Valuation
Pomanda estimates the enterprise value of EIRTIGHT TECHNOLOGY LTD at £54.6k based on a Turnover of £104.9k and 0.52x industry multiple (adjusted for size and gross margin).
eirtight technology ltd Estimated Valuation
Pomanda estimates the enterprise value of EIRTIGHT TECHNOLOGY LTD at £0 based on an EBITDA of £-12.7k and a 4x industry multiple (adjusted for size and gross margin).
eirtight technology ltd Estimated Valuation
Pomanda estimates the enterprise value of EIRTIGHT TECHNOLOGY LTD at £0 based on Net Assets of £-79k and 2.21x industry multiple (adjusted for liquidity).
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Eirtight Technology Ltd Overview
Eirtight Technology Ltd is a live company located in london, EC2A 4NE with a Companies House number of 08081689. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2012, it's largest shareholder is john beckett with a 50% stake. Eirtight Technology Ltd is a established, micro sized company, Pomanda has estimated its turnover at £104.9k with healthy growth in recent years.
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Eirtight Technology Ltd Health Check
Pomanda's financial health check has awarded Eirtight Technology Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £104.9k, make it smaller than the average company (£7m)
- Eirtight Technology Ltd
£7m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.5%)
- Eirtight Technology Ltd
6.5% - Industry AVG
Production
with a gross margin of 25.8%, this company has a higher cost of product (49.7%)
- Eirtight Technology Ltd
49.7% - Industry AVG
Profitability
an operating margin of -12.1% make it less profitable than the average company (3.3%)
- Eirtight Technology Ltd
3.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (44)
2 - Eirtight Technology Ltd
44 - Industry AVG
Pay Structure
on an average salary of £68.2k, the company has an equivalent pay structure (£68.2k)
- Eirtight Technology Ltd
£68.2k - Industry AVG
Efficiency
resulting in sales per employee of £52.4k, this is less efficient (£166.2k)
- Eirtight Technology Ltd
£166.2k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (54 days)
- Eirtight Technology Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (37 days)
- Eirtight Technology Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Eirtight Technology Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Eirtight Technology Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 442.6%, this is a higher level of debt than the average (62.5%)
442.6% - Eirtight Technology Ltd
62.5% - Industry AVG
EIRTIGHT TECHNOLOGY LTD financials
Eirtight Technology Ltd's latest turnover from May 2023 is estimated at £104.9 thousand and the company has net assets of -£79 thousand. According to their latest financial statements, Eirtight Technology Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1 | 10,479 | 0 | ||||||||
| Other Income Or Grants | 0 | ||||||||||
| Cost Of Sales | 0 | ||||||||||
| Gross Profit | 0 | ||||||||||
| Admin Expenses | 0 | ||||||||||
| Operating Profit | -4,525 | 0 | |||||||||
| Interest Payable | 0 | 0 | 0 | ||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -91,511 | -4,525 | 0 | ||||||||
| Tax | 0 | 0 | 0 | ||||||||
| Profit After Tax | -91,511 | -4,525 | 0 | ||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||
| Retained Profit | -91,511 | -4,525 | 0 | ||||||||
| Employee Costs | 0 | ||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | |||||
| EBITDA* | -4,525 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,058 | 11,785 | 5,841 | 7,770 | 11,286 | 17,081 | 240 | 1,884 | 1,884 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,940 | 71,940 | 76,202 | 67,970 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,058 | 11,785 | 5,841 | 7,770 | 11,286 | 17,081 | 240 | 73,824 | 73,824 | 76,202 | 67,970 |
| total assets | 23,058 | 11,785 | 5,841 | 7,770 | 11,286 | 17,081 | 240 | 73,824 | 73,824 | 76,202 | 67,970 |
| 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 | 1,350 | 2,862 | 2,863 | 2,203 | 2,203 | 110,968 | 2,616 | 65,482 | 65,482 | 65,985 | 66,197 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 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 |
| total current liabilities | 1,350 | 2,862 | 2,863 | 2,203 | 2,203 | 110,968 | 2,616 | 65,482 | 65,482 | 65,985 | 66,197 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 100,711 | 75,201 | 75,201 | 121,917 | 121,917 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 100,711 | 75,201 | 75,201 | 121,917 | 121,917 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 102,061 | 78,063 | 78,064 | 124,120 | 124,120 | 110,968 | 2,616 | 65,482 | 65,482 | 65,985 | 66,197 |
| net assets | -79,003 | -66,278 | -72,223 | -116,350 | -112,834 | -93,887 | -2,376 | 8,342 | 8,342 | 10,217 | 1,773 |
| total shareholders funds | -79,003 | -66,278 | -72,223 | -116,350 | -112,834 | -93,887 | -2,376 | 8,342 | 8,342 | 10,217 | 1,773 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -4,525 | 0 | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,273 | 5,944 | -1,929 | -3,516 | -5,795 | 16,841 | -1,644 | 0 | 1,884 | 0 | 0 |
| Creditors | -1,512 | -1 | 660 | 0 | -108,765 | 108,352 | -62,866 | 0 | -503 | -212 | 66,197 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -65,747 | 0 | |||||||||
| 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 | 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 |
| Long term loans | 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 |
| other long term liabilities | 25,510 | 0 | -46,716 | 0 | 121,917 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | ||||||||
| cash flow from financing | 0 | -6,193 | 0 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -71,940 | 0 | -4,262 | 8,232 | 67,970 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -71,940 | 0 | -4,262 | 8,232 | 67,970 |
eirtight technology ltd Credit Report and Business Information
Eirtight Technology Ltd Competitor Analysis
Perform a competitor analysis for eirtight technology ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
eirtight technology ltd Ownership
EIRTIGHT TECHNOLOGY LTD group structure
Eirtight Technology Ltd has no subsidiary companies.
Ultimate parent company
EIRTIGHT TECHNOLOGY LTD
08081689
eirtight technology ltd directors
Eirtight Technology Ltd currently has 2 directors. The longest serving directors include Mr John Beckett (May 2012) and Mr Ian Beckett (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Beckett | United Kingdom | 42 years | May 2012 | - | Director |
| Mr Ian Beckett | 68 years | Apr 2016 | - | Director |
P&L
May 2023turnover
104.9k
+31%
operating profit
-12.7k
0%
gross margin
25.9%
-3.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-79k
+0.19%
total assets
23.1k
+0.96%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
eirtight technology ltd company details
company number
08081689
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
May 2012
age
12
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
the hoxton mix 3rd floor, 86 - 90 paul street, london, EC2A 4NE
last accounts submitted
May 2023
eirtight technology 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 eirtight technology ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
eirtight technology ltd Companies House Filings - See Documents
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