be-iq ltd
be-iq ltd Company Information
Company Number
08492780
Next Accounts
Mar 2025
Shareholders
michael free
fiona lovett
View AllGroup Structure
View All
Industry
Other activities auxiliary to financial services, except insurance and pension funding
Registered Address
86-90 paul street, london, EC2A 4NE
Website
www.beiq.co.ukbe-iq ltd Estimated Valuation
Pomanda estimates the enterprise value of BE-IQ LTD at £325.8k based on a Turnover of £416.5k and 0.78x industry multiple (adjusted for size and gross margin).
be-iq ltd Estimated Valuation
Pomanda estimates the enterprise value of BE-IQ LTD at £0 based on an EBITDA of £-191.8k and a 3.57x industry multiple (adjusted for size and gross margin).
be-iq ltd Estimated Valuation
Pomanda estimates the enterprise value of BE-IQ LTD at £0 based on Net Assets of £-362.5k and 2.22x industry multiple (adjusted for liquidity).
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Be-iq Ltd Overview
Be-iq Ltd is a live company located in london, EC2A 4NE with a Companies House number of 08492780. It operates in the activities auxiliary to financial intermediation n.e.c. sector, SIC Code 66190. Founded in April 2013, it's largest shareholder is michael free with a 39.4% stake. Be-iq Ltd is a established, micro sized company, Pomanda has estimated its turnover at £416.5k with high growth in recent years.
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Be-iq Ltd Health Check
Pomanda's financial health check has awarded Be-Iq Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £416.5k, make it smaller than the average company (£3.6m)
- Be-iq Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.9%)
- Be-iq Ltd
7.9% - Industry AVG
Production
with a gross margin of 74.2%, this company has a comparable cost of product (74.2%)
- Be-iq Ltd
74.2% - Industry AVG
Profitability
an operating margin of -46.3% make it less profitable than the average company (8.5%)
- Be-iq Ltd
8.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (9)
3 - Be-iq Ltd
9 - Industry AVG
Pay Structure
on an average salary of £69.1k, the company has an equivalent pay structure (£69.1k)
- Be-iq Ltd
£69.1k - Industry AVG
Efficiency
resulting in sales per employee of £138.8k, this is equally as efficient (£163.3k)
- Be-iq Ltd
£163.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Be-iq Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (37 days)
- Be-iq Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Be-iq Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (37 weeks)
1 weeks - Be-iq Ltd
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 472.9%, this is a higher level of debt than the average (69.2%)
472.9% - Be-iq Ltd
69.2% - Industry AVG
BE-IQ LTD financials
Be-Iq Ltd's latest turnover from June 2023 is estimated at £416.5 thousand and the company has net assets of -£362.5 thousand. According to their latest financial statements, Be-Iq Ltd has 3 employees and maintains cash reserves of £8.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 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 | 3 | 3 | 5 | 4 | 4 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,214 | 3,317 | 4,970 | 7,446 | 11,158 | 4,422 | 2 | 1,195 | 2,208 | |
| Intangible Assets | ||||||||||
| Investments & Other | 2 | 2 | 2 | 2 | 2 | 2 | ||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 2,216 | 3,319 | 4,972 | 7,448 | 11,160 | 4,424 | 2 | 1,195 | 2,208 | |
| Stock & work in progress | ||||||||||
| Trade Debtors | 300 | 16,500 | 65,450 | 62,102 | 2,566 | 30,000 | 5 | |||
| Group Debtors | 9,714 | 9,714 | 9,714 | 103,740 | 18,203 | 150,019 | ||||
| Misc Debtors | 76,499 | 95,726 | 19,746 | 10,704 | 7,419 | 24,337 | 21,235 | |||
| Cash | 8,795 | 1,411 | 27,112 | 181,811 | 528,271 | 15,410 | 11,704 | 7,280 | ||
| misc current assets | 2,709 | |||||||||
| total current assets | 95,008 | 105,440 | 33,580 | 141,856 | 223,933 | 768,077 | 98,747 | 14,270 | 37,280 | 5 |
| total assets | 97,224 | 108,759 | 38,552 | 149,304 | 235,093 | 772,501 | 98,749 | 15,465 | 39,488 | 5 |
| Bank overdraft | 11,000 | 23,192 | ||||||||
| Bank loan | 10,119 | |||||||||
| Trade Creditors | 25,026 | 18,348 | 3,583 | 7,732 | 33,044 | 15,032 | 13,618 | 1,243 | 33,017 | 5,177 |
| Group/Directors Accounts | 234,251 | 75,699 | 15,572 | 2 | ||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 170,614 | 126,358 | 28,225 | 63,755 | 119,073 | 18,782 | 28,453 | |||
| total current liabilities | 440,891 | 243,597 | 57,499 | 71,487 | 152,117 | 33,814 | 42,073 | 1,243 | 33,017 | 5,177 |
| loans | 18,423 | 29,783 | 39,049 | 50,000 | ||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 421 | 630 | 944 | 1,415 | 2,120 | 840 | ||||
| total long term liabilities | 18,844 | 30,413 | 39,993 | 51,415 | 2,120 | 840 | ||||
| total liabilities | 459,735 | 274,010 | 97,492 | 122,902 | 154,237 | 34,654 | 42,073 | 1,243 | 33,017 | 5,177 |
| net assets | -362,511 | -165,251 | -58,940 | 26,402 | 80,856 | 737,847 | 56,676 | 14,222 | 6,471 | -5,172 |
| total shareholders funds | -362,511 | -165,251 | -58,940 | 26,402 | 80,856 | 737,847 | 56,676 | 14,222 | 6,471 | -5,172 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 1,103 | 1,653 | 2,476 | 3,712 | 5,568 | 3,158 | 1,150 | |||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | ||||||||||
| Debtors | -19,227 | 75,980 | -85,284 | 72,622 | -197,684 | 156,469 | 80,771 | -27,434 | 29,995 | 5 |
| Creditors | 6,678 | 14,765 | -4,149 | -25,312 | 18,012 | 1,414 | 12,375 | -31,774 | 27,840 | 5,177 |
| Accruals and Deferred Income | 44,256 | 98,133 | -35,530 | -55,318 | 100,291 | -9,671 | 28,453 | |||
| Deferred Taxes & Provisions | -209 | -314 | -471 | -705 | 1,280 | 840 | ||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 2 | |||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | -10,119 | 10,119 | ||||||||
| Group/Directors Accounts | 158,552 | 60,127 | 15,572 | -2 | 2 | |||||
| Other Short Term Loans | ||||||||||
| Long term loans | -11,360 | -9,266 | -10,951 | 50,000 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 8,795 | -1,411 | -25,701 | -154,699 | -346,460 | 512,861 | 3,706 | 4,424 | 7,280 | |
| overdraft | -12,192 | 23,192 | ||||||||
| change in cash | 20,987 | -24,603 | -25,701 | -154,699 | -346,460 | 512,861 | 3,706 | 4,424 | 7,280 |
be-iq ltd Credit Report and Business Information
Be-iq Ltd Competitor Analysis
Perform a competitor analysis for be-iq ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.
be-iq ltd Ownership
BE-IQ LTD group structure
Be-Iq Ltd has 2 subsidiary companies.
Ultimate parent company
BE-IQ LTD
08492780
2 subsidiaries
be-iq ltd directors
Be-Iq Ltd currently has 4 directors. The longest serving directors include Mr Michael Free (Jun 2013) and Mr Phillip Smith (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Free | United Kingdom | 60 years | Jun 2013 | - | Director |
| Mr Phillip Smith | England | 56 years | Dec 2017 | - | Director |
| Mr Roger Portnoy | England | 61 years | Dec 2017 | - | Director |
| Mr Robert Adams | United Kingdom | 63 years | Oct 2023 | - | Director |
P&L
June 2023turnover
416.5k
+11%
operating profit
-192.9k
0%
gross margin
74.3%
-9.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-362.5k
+1.19%
total assets
97.2k
-0.11%
cash
8.8k
0%
net assets
Total assets minus all liabilities
be-iq ltd company details
company number
08492780
Type
Private limited with Share Capital
industry
66190 - Other activities auxiliary to financial services, except insurance and pension funding
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
suitable strategies ltd (August 2017)
suitability solutions ltd (May 2013)
accountant
-
auditor
-
address
86-90 paul street, london, EC2A 4NE
Bank
-
Legal Advisor
-
be-iq 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 be-iq ltd.
be-iq 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 BE-IQ LTD. This can take several minutes, an email will notify you when this has completed.
be-iq ltd Companies House Filings - See Documents
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