my options ltd
my options ltd Company Information
Company Number
08269383
Website
www.mypayrolloptions.co.ukRegistered Address
12 collins avenue, stanmore, HA7 1DL
Industry
Other personal service activities n.e.c.
Telephone
443300949393
Next Accounts Due
July 2025
Group Structure
View All
Directors
Amit Suji11 Years
Shareholders
amit suji 60%
veena suji 40%
my options ltd Estimated Valuation
Pomanda estimates the enterprise value of MY OPTIONS LTD at £41.2k based on a Turnover of £49.1k and 0.84x industry multiple (adjusted for size and gross margin).
my options ltd Estimated Valuation
Pomanda estimates the enterprise value of MY OPTIONS LTD at £0 based on an EBITDA of £-9.6k and a 5.66x industry multiple (adjusted for size and gross margin).
my options ltd Estimated Valuation
Pomanda estimates the enterprise value of MY OPTIONS LTD at £0 based on Net Assets of £-30.9k and 2.11x industry multiple (adjusted for liquidity).
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My Options Ltd Overview
My Options Ltd is a live company located in stanmore, HA7 1DL with a Companies House number of 08269383. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2012, it's largest shareholder is amit suji with a 60% stake. My Options Ltd is a established, micro sized company, Pomanda has estimated its turnover at £49.1k with declining growth in recent years.
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My Options Ltd Health Check
Pomanda's financial health check has awarded My Options 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 £49.1k, make it smaller than the average company (£882.2k)
£49.1k - My Options Ltd
£882.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (6.6%)
- My Options Ltd
6.6% - Industry AVG
Production
with a gross margin of 60.4%, this company has a lower cost of product (41%)
60.4% - My Options Ltd
41% - Industry AVG
Profitability
an operating margin of -23.1% make it less profitable than the average company (6.3%)
-23.1% - My Options Ltd
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - My Options Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.1k, the company has an equivalent pay structure (£30.1k)
- My Options Ltd
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £24.5k, this is less efficient (£84.9k)
£24.5k - My Options Ltd
£84.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - My Options Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (39 days)
22 days - My Options Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - My Options Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (48 weeks)
9 weeks - My Options Ltd
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 859.9%, this is a higher level of debt than the average (43.1%)
859.9% - My Options Ltd
43.1% - Industry AVG
MY OPTIONS LTD financials
My Options Ltd's latest turnover from October 2023 is £49.1 thousand and the company has net assets of -£30.9 thousand. According to their latest financial statements, My Options Ltd has 2 employees and maintains cash reserves of £4.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 49,092 | 81,731 | 146,586 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 19,446 | 68,270 | 83,554 | ||||||||
| Gross Profit | 29,646 | 13,461 | 63,032 | ||||||||
| Admin Expenses | 40,974 | 36,519 | 42,494 | ||||||||
| Operating Profit | -11,328 | -23,058 | 20,538 | ||||||||
| Interest Payable | 677 | 430 | 123 | ||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -12,005 | -23,488 | 20,415 | ||||||||
| Tax | 0 | 3,329 | -3,329 | ||||||||
| Profit After Tax | -12,005 | -20,159 | 17,086 | ||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||
| Retained Profit | -12,005 | -20,159 | 17,086 | ||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* | -9,552 | -20,981 | 20,538 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,776 | 3,853 | 960 | 1,590 | 1,655 | 1,685 | 944 | 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 | 1,776 | 3,853 | 960 | 1,590 | 1,655 | 1,685 | 944 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 25,454 | 16,466 | 19,710 | 39,189 | 8,446 | 16,062 | 6,141 | 5,670 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 74 | 19,655 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 4,071 | 242 | 4,369 | 0 | 0 | 0 | 0 | 28,723 | 22,522 | 355 | 1,879 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,071 | 316 | 24,024 | 25,454 | 16,466 | 19,710 | 39,189 | 37,169 | 38,584 | 6,496 | 7,549 |
| total assets | 4,071 | 2,092 | 27,877 | 26,414 | 18,056 | 21,365 | 40,874 | 38,113 | 38,584 | 6,496 | 7,549 |
| 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 | 1,200 | 0 | 0 | 6,272 | 14,487 | 13,825 | 24,920 | 12,124 | 13,555 | 7,521 | 6,530 |
| Group/Directors Accounts | 17,869 | 2,538 | 212 | 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 | 2,942 | 2,818 | 7,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 22,011 | 5,356 | 7,649 | 6,272 | 14,487 | 13,825 | 24,920 | 12,124 | 13,555 | 7,521 | 6,530 |
| loans | 12,996 | 15,667 | 19,000 | 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 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 12,996 | 15,667 | 19,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 35,007 | 21,023 | 26,649 | 26,272 | 14,487 | 13,825 | 24,920 | 12,124 | 13,555 | 7,521 | 6,530 |
| net assets | -30,936 | -18,931 | 1,228 | 142 | 3,569 | 7,540 | 15,954 | 25,989 | 25,029 | -1,025 | 1,019 |
| total shareholders funds | -30,936 | -18,931 | 1,228 | 142 | 3,569 | 7,540 | 15,954 | 25,989 | 25,029 | -1,025 | 1,019 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -11,328 | -23,058 | 20,538 | ||||||||
| Depreciation | 1,776 | 2,077 | 0 | 205 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | 0 | 3,329 | -3,329 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -74 | -19,581 | -5,799 | 8,988 | -3,244 | -19,479 | 30,743 | -7,616 | 9,921 | 471 | 5,670 |
| Creditors | 1,200 | 0 | -6,272 | -8,215 | 662 | -11,095 | 12,796 | -1,431 | 6,034 | 991 | 6,530 |
| Accruals and Deferred Income | 124 | -4,619 | 7,437 | 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 | -8,154 | -2,690 | 24,173 | ||||||||
| 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 | 15,331 | 2,326 | 212 | 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 | -2,671 | -3,333 | 19,000 | 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 | -20,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -677 | -430 | -123 | ||||||||
| cash flow from financing | 11,983 | -1,437 | -16,911 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | 3,829 | -4,127 | 4,369 | 0 | 0 | 0 | -28,723 | 6,201 | 22,167 | -1,524 | 1,879 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,829 | -4,127 | 4,369 | 0 | 0 | 0 | -28,723 | 6,201 | 22,167 | -1,524 | 1,879 |
my options ltd Credit Report and Business Information
My Options Ltd Competitor Analysis
Perform a competitor analysis for my options ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in HA7 area or any other competitors across 12 key performance metrics.
my options ltd Ownership
MY OPTIONS LTD group structure
My Options Ltd has no subsidiary companies.
Ultimate parent company
MY OPTIONS LTD
08269383
my options ltd directors
My Options Ltd currently has 1 director, Mr Amit Suji serving since Oct 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Amit Suji | 43 years | Oct 2012 | - | Director |
P&L
October 2023turnover
49.1k
-40%
operating profit
-11.3k
-51%
gross margin
60.4%
+266.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-30.9k
+0.63%
total assets
4.1k
+0.95%
cash
4.1k
+15.82%
net assets
Total assets minus all liabilities
Similar Companies
my options ltd company details
company number
08269383
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
12 collins avenue, stanmore, HA7 1DL
accountant
MY PRESTIGE ACCOUNTANT LTD
auditor
-
my options 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 my options ltd.
my options ltd Companies House Filings - See Documents
| date | description | view/download |
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