successful software solutions ltd
successful software solutions ltd Company Information
Company Number
08487173
Next Accounts
Jan 2025
Industry
Other information technology and computer service activities
Directors
Shareholders
bhaskar neela
jyothi munigela
Group Structure
View All
Contact
Registered Address
7 the avenue, laleham, staines-upon-thames, surrey, TW18 2SE
Website
-successful software solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SUCCESSFUL SOFTWARE SOLUTIONS LTD at £162.4k based on a Turnover of £230.9k and 0.7x industry multiple (adjusted for size and gross margin).
successful software solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SUCCESSFUL SOFTWARE SOLUTIONS LTD at £47.9k based on an EBITDA of £10.2k and a 4.71x industry multiple (adjusted for size and gross margin).
successful software solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SUCCESSFUL SOFTWARE SOLUTIONS LTD at £321.8k based on Net Assets of £145.9k and 2.21x industry multiple (adjusted for liquidity).
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Successful Software Solutions Ltd Overview
Successful Software Solutions Ltd is a live company located in staines-upon-thames, TW18 2SE with a Companies House number of 08487173. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2013, it's largest shareholder is bhaskar neela with a 80% stake. Successful Software Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £230.9k with healthy growth in recent years.
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Successful Software Solutions Ltd Health Check
Pomanda's financial health check has awarded Successful Software Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £230.9k, make it smaller than the average company (£6.5m)
- Successful Software Solutions Ltd
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.7%)
- Successful Software Solutions Ltd
6.7% - Industry AVG
Production
with a gross margin of 49.8%, this company has a comparable cost of product (49.8%)
- Successful Software Solutions Ltd
49.8% - Industry AVG
Profitability
an operating margin of 4.4% make it more profitable than the average company (3.4%)
- Successful Software Solutions Ltd
3.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (39)
2 - Successful Software Solutions Ltd
39 - Industry AVG
Pay Structure
on an average salary of £70.2k, the company has an equivalent pay structure (£70.2k)
- Successful Software Solutions Ltd
£70.2k - Industry AVG
Efficiency
resulting in sales per employee of £115.4k, this is less efficient (£172.9k)
- Successful Software Solutions Ltd
£172.9k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (54 days)
- Successful Software Solutions Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (35 days)
- Successful Software Solutions Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Successful Software Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (15 weeks)
32 weeks - Successful Software Solutions Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a similar level of debt than the average (63.6%)
64.2% - Successful Software Solutions Ltd
63.6% - Industry AVG
SUCCESSFUL SOFTWARE SOLUTIONS LTD financials
Successful Software Solutions Ltd's latest turnover from April 2023 is estimated at £230.9 thousand and the company has net assets of £145.9 thousand. According to their latest financial statements, Successful Software Solutions Ltd has 2 employees and maintains cash reserves of £98.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,328 | 11,259 | 14,260 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 20,000 | 1,500 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 171,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 232,328 | 161,259 | 14,260 | 20,000 | 1,500 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 29,751 | 14,163 | 17,261 | 21,410 | 0 | 0 | 20,219 | 22,022 | 1,705 | 1,705 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 13,136 | 9,866 | 13,523 | 18,354 | 0 | 0 | 9,863 | 1,281 | 0 | 0 |
| Cash | 98,821 | 111,512 | 234,401 | 119,906 | 132,257 | 163,100 | 155,236 | 91,140 | 43,859 | 48,461 |
| misc current assets | 33,710 | 33,710 | 33,710 | 733 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 175,418 | 169,251 | 298,895 | 160,403 | 132,257 | 163,100 | 185,318 | 114,443 | 45,564 | 50,166 |
| total assets | 407,746 | 330,510 | 313,155 | 180,403 | 133,757 | 163,100 | 185,318 | 114,443 | 45,564 | 50,166 |
| Bank overdraft | 0 | 0 | 68,785 | 0 | 0 | 0 | 0 | 448 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,794 | 51,061 | 32,709 | 38,361 | 120 | 120 | 120 | 20,120 | 41,303 | 31,846 |
| Group/Directors Accounts | 136,472 | 78,953 | 0 | 27,093 | 27,093 | 18,180 | 13,912 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,849 | 11,680 | 26,602 | 25,037 | 40,213 | 55,426 | 77,840 | 54,254 | 0 | 0 |
| total current liabilities | 159,115 | 141,694 | 128,096 | 90,491 | 67,426 | 73,726 | 91,872 | 74,822 | 41,303 | 31,846 |
| loans | 42,839 | 48,230 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 48,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,835 | 0 | 0 |
| provisions | 11,652 | 2,139 | 2,709 | 0 | 0 | 0 | 0 | 0 | 3,235 | 1,666 |
| total long term liabilities | 102,706 | 50,369 | 52,709 | 0 | 0 | 0 | 0 | 1,835 | 3,235 | 1,666 |
| total liabilities | 261,821 | 192,063 | 180,805 | 90,491 | 67,426 | 73,726 | 91,872 | 76,657 | 44,538 | 33,512 |
| net assets | 145,925 | 138,447 | 132,350 | 89,912 | 66,331 | 89,374 | 93,446 | 37,786 | 1,026 | 16,654 |
| total shareholders funds | 145,925 | 138,447 | 132,350 | 89,912 | 66,331 | 89,374 | 93,446 | 37,786 | 1,026 | 16,654 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 3,739 | 4,773 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 39,858 | 143,245 | -8,980 | 39,764 | 0 | -30,082 | 6,779 | 21,598 | 0 | 1,705 |
| Creditors | -32,267 | 18,352 | -5,652 | 38,241 | 0 | 0 | -20,000 | -21,183 | 9,457 | 31,846 |
| Accruals and Deferred Income | -7,831 | -14,922 | 1,565 | -15,176 | -15,213 | -22,414 | 23,586 | 54,254 | 0 | 0 |
| Deferred Taxes & Provisions | 9,513 | -570 | 2,709 | 0 | 0 | 0 | 0 | -3,235 | 1,569 | 1,666 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | -20,000 | 18,500 | 1,500 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 57,519 | 78,953 | -27,093 | 0 | 8,913 | 4,268 | 13,912 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,391 | -1,770 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 48,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -1,835 | 1,835 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -12,691 | -122,889 | 114,495 | -12,351 | -30,843 | 7,864 | 64,096 | 47,281 | -4,602 | 48,461 |
| overdraft | 0 | -68,785 | 68,785 | 0 | 0 | 0 | -448 | 448 | 0 | 0 |
| change in cash | -12,691 | -54,104 | 45,710 | -12,351 | -30,843 | 7,864 | 64,544 | 46,833 | -4,602 | 48,461 |
successful software solutions ltd Credit Report and Business Information
Successful Software Solutions Ltd Competitor Analysis
Perform a competitor analysis for successful software solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TW18 area or any other competitors across 12 key performance metrics.
successful software solutions ltd Ownership
SUCCESSFUL SOFTWARE SOLUTIONS LTD group structure
Successful Software Solutions Ltd has no subsidiary companies.
Ultimate parent company
SUCCESSFUL SOFTWARE SOLUTIONS LTD
08487173
successful software solutions ltd directors
Successful Software Solutions Ltd currently has 1 director, Mr Bhaskar Neela serving since Apr 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bhaskar Neela | England | 48 years | Apr 2013 | - | Director |
P&L
April 2023turnover
230.9k
+18%
operating profit
10.2k
0%
gross margin
49.8%
-3.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
145.9k
+0.05%
total assets
407.7k
+0.23%
cash
98.8k
-0.11%
net assets
Total assets minus all liabilities
Similar Companies
successful software solutions ltd company details
company number
08487173
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
3E'S ACCOUNTANTS LIMITED
auditor
-
address
7 the avenue, laleham, staines-upon-thames, surrey, TW18 2SE
Bank
-
Legal Advisor
-
successful software solutions 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 successful software solutions ltd.
successful software solutions ltd Capital Raised & Share Issues BETA
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successful software solutions ltd Companies House Filings - See Documents
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