Avantus Systems Limited

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avantus systems limited Company Information

Live

EstablishedSmallHealthy

Company Number

08584853

Website

www.avantussystems.co.uk

Registered Address

1 milkhouse gate, guildford, GU1 3EZ

Industry

Business and domestic software development

Telephone

01483812268

Next Accounts Due

June 2025

Group Structure

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Directors

Philip Curtis11 Years

Andrew Byham10 Years

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Shareholders

avantus business solutions limited 100%

avantus systems limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of AVANTUS SYSTEMS LIMITED at £2.1m based on an EBITDA of £333.2k and a 6.45x industry multiple (adjusted for size and gross margin).

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Avantus Systems Limited is a live company located in guildford, GU1 3EZ with a Companies House number of 08584853. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2013, it's largest shareholder is avantus business solutions limited with a 100% stake. Avantus Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Avantus Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.6%)

EXPORT

Avantus Systems Limited's latest turnover from September 2023 is £1.3 million and the company has net assets of £479.8 thousand. According to their latest financial statements, Avantus Systems Limited has 10 employees and maintains cash reserves of £244.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Turnover	1,292,712	999,545	1,015,719	932,120	686,237	600,308	391,723	283,511	211,273	138,568
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	37,052	7,880	11,880	19,515	16,147	22,190	16,550	2,775	5,894	34,173
Gross Profit	1,255,660	991,665	1,003,839	912,605	670,090	578,118	375,173	280,736	205,379	104,395
Admin Expenses	1,002,623	877,803	1,025,113	814,157	563,820	548,400	322,525	317,596	395,540	73,690
Operating Profit	253,037	113,862	-21,274	98,448	106,270	29,718	52,648	-36,860	-190,161	30,705
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	125	511	0	0	0	0	0	0	0	0
Pre-Tax Profit	253,162	114,373	-21,274	61,394	105,610	29,718	52,648	-36,860	-195,628	30,368
Tax	-32,236	-16,757	14,601	18,572	-18,144	-5,052	24,510	1,306	5,609	-6,085
Profit After Tax	220,926	97,616	-6,673	79,966	87,466	24,666	77,158	-35,554	-190,019	24,283
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	220,926	97,616	-6,673	79,966	87,466	24,666	77,158	-35,554	-190,019	24,283
Employee Costs	669,991	691,908	708,000	619,889	652,215	529,792	455,060	432,040	107,221	107,387
Number Of Employees	10	11	12	11	11	9	8	8	2	2
EBITDA*	333,160	149,917	-16,374	103,477	110,804	75,166	96,919	7,283	-146,126	30,876

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Tangible Assets	4,690	3,469	1,705	3,053	4,528	1,569	1,254	2,314	2,368	2,382
Intangible Assets	258,143	249,900	182,464	96,016	39,570	12,696	43,211	86,422	129,633	172,844
Investments & Other	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
Total Fixed Assets	262,833	253,369	184,169	99,069	44,098	14,265	44,465	88,736	132,001	175,226
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	82,569	85,676	76,382	61,438	52,034	49,402	12,616	4,470	7,944	25,615
Group Debtors	0	0	4,800	0	0	0	0	33,912	0	0
Misc Debtors	20,839	54,949	69,315	21,703	2,640	20,650	25,438	8,885	13,171	0
Cash	244,733	55,917	49,897	279,457	271,845	184,817	124,757	39,704	43,625	13,268
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	348,141	196,542	200,394	362,598	326,519	254,869	162,811	86,971	64,740	38,883
total assets	610,974	449,911	384,563	461,667	370,617	269,134	207,276	175,707	196,741	214,109
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	718	758	5,725	1,465	0	0	15	1,725	0	0
Group/Directors Accounts	0	69,929	105,899	0	0	0	0	50,000	50,000	25,000
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	105,389	89,944	88,563	92,236	82,617	68,600	31,393	25,272	12,001	14,350
total current liabilities	106,107	160,631	200,187	93,701	82,617	68,600	31,408	76,997	62,001	39,350
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	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	0	0	0
provisions	25,032	30,371	23,083	0	0	0	0	0	476	476
total long term liabilities	25,032	30,371	23,083	0	0	0	0	0	476	476
total liabilities	131,139	191,002	223,270	93,701	82,617	68,600	31,408	76,997	62,477	39,826
net assets	479,835	258,909	161,293	367,966	288,000	200,534	175,868	98,710	134,264	174,283
total shareholders funds	479,835	258,909	161,293	367,966	288,000	200,534	175,868	98,710	134,264	174,283

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Operating Activities
Operating Profit	253,037	113,862	-21,274	98,448	106,270	29,718	52,648	-36,860	-190,161	30,705
Depreciation	1,441	1,646	1,348	1,475	1,032	1,083	1,060	932	824	171
Amortisation	78,682	34,409	3,552	3,554	3,502	44,365	43,211	43,211	43,211	0
Tax	-32,236	-16,757	14,601	18,572	-18,144	-5,052	24,510	1,306	5,609	-6,085
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-37,217	-9,872	67,356	28,467	-15,378	31,998	-9,213	26,152	-4,500	25,615
Creditors	-40	-4,967	4,260	1,465	0	-15	-1,710	1,725	0	0
Accruals and Deferred Income	15,445	1,381	-3,673	9,619	14,017	37,207	6,121	13,271	-2,349	14,350
Deferred Taxes & Provisions	-5,339	7,288	23,083	0	0	0	0	-476	0	476
Cash flow from operations	348,207	146,734	-45,459	104,666	122,055	75,308	135,053	-3,043	-138,366	14,002
Investing Activities
capital expenditure	-89,587	-105,255	-90,000	-60,000	-34,367	-15,248	0	-878	-810	-175,397
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-89,587	-105,255	-90,000	-60,000	-34,367	-15,248	0	-878	-810	-175,397
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-69,929	-35,970	105,899	0	0	0	-50,000	0	25,000	25,000
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	-200,000	0	0	0	0	0	150,000	150,000
interest	125	511	0	0	0	0	0	0	0	0
cash flow from financing	-69,804	-35,459	-94,101	0	0	0	-50,000	0	175,000	175,000
cash and cash equivalents
cash	188,816	6,020	-229,560	7,612	87,028	60,060	85,053	-3,921	30,357	13,268
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	188,816	6,020	-229,560	7,612	87,028	60,060	85,053	-3,921	30,357	13,268

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AVANTUS SYSTEMS LIMITED group structure

Avantus Systems Limited has 2 subsidiary companies.

Ultimate parent company

AVANTUS BUSINESS SOLUTIONS LIMITED

05421032

1 parent

AVANTUS SYSTEMS LIMITED

08584853

2 subsidiaries

MYWORKPAL LIMITED

08947123

AVANTUS TECHNOLOGY LIMITED

09259612

AVANTUS SYSTEMS LIMITED Shareholders

avantus business solutions limited

100%

Avantus Systems Limited currently has 7 directors. The longest serving directors include Mr Philip Curtis (Jun 2013) and Mr Andrew Byham (Oct 2013).

officer	country	age	start	end	role
Mr Philip Curtis	United Kingdom	59 years	Jun 2013	-	Director
Mr Andrew Byham		59 years	Oct 2013	-	Director
Mr Niall Munro		65 years	Oct 2013	-	Director
Mr Gary Wilkinson		47 years	Oct 2013	-	Director
Mr James Whelan		50 years	Oct 2013	-	Director
Mr Phillip De Warrenne Waller		59 years	Oct 2013	-	Director
Mrs Claire Geens		59 years	Jan 2023	-	Director

P&L

September 2023

turnover

1.3m

+29%

operating profit

253k

+122%

gross margin

97.2%

-2.09%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

479.8k

+0.85%

total assets

611k

+0.36%

cash

244.7k

+3.38%

net assets

Total assets minus all liabilities

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company number

08584853

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

June 2013

accounts

Small Company

ultimate parent company

AVANTUS BUSINESS SOLUTIONS LIMITED

previous names

fair care solutions ltd (December 2014)

last accounts submitted

September 2023

address

1 milkhouse gate, guildford, GU1 3EZ

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 avantus systems limited.

avantus systems limited Company Information

avantus systems limited Estimated Valuation

avantus systems limited Estimated Valuation

avantus systems limited Estimated Valuation

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