hit the reset ltd
hit the reset ltd Company Information
Company Number
08546782
Website
-Registered Address
first floor, telecom house, 125-135 preston road, brighton, BN1 6AF
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Steven Yeung11 Years
Shareholders
steven yeung 100%
hit the reset ltd Estimated Valuation
Pomanda estimates the enterprise value of HIT THE RESET LTD at £30.9k based on a Turnover of £56.6k and 0.55x industry multiple (adjusted for size and gross margin).
hit the reset ltd Estimated Valuation
Pomanda estimates the enterprise value of HIT THE RESET LTD at £3.2k based on an EBITDA of £811 and a 3.89x industry multiple (adjusted for size and gross margin).
hit the reset ltd Estimated Valuation
Pomanda estimates the enterprise value of HIT THE RESET LTD at £39.8k based on Net Assets of £17.9k and 2.22x industry multiple (adjusted for liquidity).
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Hit The Reset Ltd Overview
Hit The Reset Ltd is a dissolved company that was located in brighton, BN1 6AF with a Companies House number of 08546782. It operated in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2013, it's largest shareholder was steven yeung with a 100% stake. The last turnover for Hit The Reset Ltd was estimated at £56.6k.
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Hit The Reset Ltd Health Check
Pomanda's financial health check has awarded Hit The Reset Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £56.6k, make it smaller than the average company (£161.8k)
- Hit The Reset Ltd
£161.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 60%, show it is growing at a faster rate (5.6%)
- Hit The Reset Ltd
5.6% - Industry AVG
Production
with a gross margin of 29.2%, this company has a higher cost of product (54.5%)
- Hit The Reset Ltd
54.5% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (9.7%)
- Hit The Reset Ltd
9.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
1 - Hit The Reset Ltd
10 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£51.5k)
- Hit The Reset Ltd
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.6k, this is less efficient (£114.9k)
- Hit The Reset Ltd
£114.9k - Industry AVG
Debtor Days
it gets paid by customers after 160 days, this is later than average (70 days)
- Hit The Reset Ltd
70 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
- Hit The Reset Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hit The Reset Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hit The Reset Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.2%, this is a lower level of debt than the average (56.8%)
28.2% - Hit The Reset Ltd
56.8% - Industry AVG
HIT THE RESET LTD financials
Hit The Reset Ltd's latest turnover from May 2019 is estimated at £56.6 thousand and the company has net assets of £17.9 thousand. According to their latest financial statements, Hit The Reset Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 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 | 1 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,915 | 24,444 | 25,072 | 3,689 | 585 | 4,836 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 15,428 | 18,946 | 9,108 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,915 | 24,444 | 25,072 | 19,117 | 19,531 | 13,944 |
| total assets | 24,915 | 24,444 | 25,072 | 19,117 | 19,531 | 13,944 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 154 | 7,204 | 1,986 | 5,213 | 4,772 | 4,204 |
| Group/Directors Accounts | 6,864 | 0 | 4,444 | 3,294 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,018 | 7,204 | 6,430 | 8,507 | 4,772 | 4,204 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 7,018 | 7,204 | 6,430 | 8,507 | 4,772 | 4,204 |
| net assets | 17,897 | 17,240 | 18,642 | 10,610 | 14,759 | 9,740 |
| total shareholders funds | 17,897 | 17,240 | 18,642 | 10,610 | 14,759 | 9,740 |
| May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 471 | -628 | 21,383 | 3,104 | -4,251 | 4,836 |
| Creditors | -7,050 | 5,218 | -3,227 | 441 | 568 | 4,204 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,864 | -4,444 | 1,150 | 3,294 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | -15,428 | -3,518 | 9,838 | 9,108 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -15,428 | -3,518 | 9,838 | 9,108 |
hit the reset ltd Credit Report and Business Information
Hit The Reset Ltd Competitor Analysis
Perform a competitor analysis for hit the reset ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in BN1 area or any other competitors across 12 key performance metrics.
hit the reset ltd Ownership
HIT THE RESET LTD group structure
Hit The Reset Ltd has no subsidiary companies.
Ultimate parent company
HIT THE RESET LTD
08546782
hit the reset ltd directors
Hit The Reset Ltd currently has 1 director, Mr Steven Yeung serving since May 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Yeung | England | 51 years | May 2013 | - | Director |
P&L
May 2019turnover
56.6k
+15%
operating profit
811.1
0%
gross margin
29.2%
-0.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2019net assets
17.9k
+0.04%
total assets
24.9k
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
hit the reset ltd company details
company number
08546782
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 2013
age
11
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2019
address
first floor, telecom house, 125-135 preston road, brighton, BN1 6AF
accountant
-
auditor
-
hit the reset 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 hit the reset ltd.
hit the reset ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
