Pomanda estimates the enterprise value of PASSPORT IT LIMITED at £32.9k based on a Turnover of £52.3k and 0.63x industry multiple (adjusted for size and gross margin).
passport it limitedEstimated Valuation
£42.8k
Pomanda estimates the enterprise value of PASSPORT IT LIMITED at £42.8k based on an EBITDA of £10k and a 4.28x industry multiple (adjusted for size and gross margin).
passport it limitedEstimated Valuation
£48.7k
Pomanda estimates the enterprise value of PASSPORT IT LIMITED at £48.7k based on Net Assets of £21.6k and 2.26x industry multiple (adjusted for liquidity).
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Passport It LimitedOverview
Passport It Limited is a live company located in north east lincolnshire, DN40 1QN with a Companies House number of 08586212. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2013, it's largest shareholder is
graypen group ltd
with a 100% stake. Passport It Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£52.3k with
declining
growth in recent years.
Pomanda's financial health check has awarded Passport It Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
2 Regular
4 Weak
Size
annual sales of £52.3k, make it smaller than the average company (£1.2m)
£52.3k - Passport It Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7.2%)
-14% - Passport It Limited
7.2% - Industry AVG
Production
with a gross margin of 48.2%, this company has a comparable cost of product (48.2%)
48.2% - Passport It Limited
48.2% - Industry AVG
Profitability
an operating margin of 19.1% make it more profitable than the average company (6.7%)
19.1% - Passport It Limited
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (11)
1 - Passport It Limited
11 - Industry AVG
Pay Structure
on an average salary of £56.7k, the company has an equivalent pay structure (£56.7k)
£56.7k - Passport It Limited
£56.7k - Industry AVG
Efficiency
resulting in sales per employee of £52.3k, this is less efficient (£125.6k)
£52.3k - Passport It Limited
£125.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Passport It Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 109 days, this is slower than average (29 days)
109 days - Passport It Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Passport It Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is more cash available to meet short term requirements (18 weeks)
22 weeks - Passport It Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.1%, this is a lower level of debt than the average (57.8%)
39.1% - Passport It Limited
57.8% - Industry AVG
PASSPORT IT LIMITED financials
EXPORT
Passport It Limited's latest turnover from October 2023 is estimated at £52.3 thousand and the company has net assets of £21.6 thousand. According to their latest financial statements, we estimate that Passport It Limited has 1 employee and maintains cash reserves of £5.9 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
Turnover
52,297
49,607
60,148
82,887
24,781
29,223
217,829
301,032
28,694
274,830
Other Income Or Grants
Cost Of Sales
27,070
25,854
30,776
38,738
11,581
12,914
87,770
121,584
11,829
103,741
Gross Profit
25,227
23,754
29,372
44,149
13,200
16,309
130,058
179,449
16,865
171,089
Admin Expenses
15,225
7,960
15,243
28,731
7,557
-5,478
93,838
154,594
34,299
269,422
Operating Profit
10,002
15,794
14,129
15,418
5,643
21,787
36,220
24,855
-17,434
-98,333
Interest Payable
Interest Receivable
651
293
42
49
179
112
142
234
252
62
Pre-Tax Profit
10,653
16,086
14,172
15,467
5,822
21,899
36,362
25,089
-17,182
-98,271
Tax
-2,663
-3,056
-2,693
-2,939
-1,106
-4,161
-6,909
-5,018
Profit After Tax
7,990
13,030
11,479
12,528
4,716
17,738
29,453
20,071
-17,182
-98,271
Dividends Paid
Retained Profit
7,990
13,030
11,479
12,528
4,716
17,738
29,453
20,071
-17,182
-98,271
Employee Costs
56,668
52,370
48,745
44,894
50,436
54,635
100,796
171,767
57,534
171,900
Number Of Employees
1
1
1
1
1
1
2
3
1
3
EBITDA*
10,002
15,794
14,129
15,418
5,643
21,818
36,301
28,537
-13,784
-94,733
* 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
Tangible Assets
31
112
3,794
7,257
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
31
112
3,794
7,257
Stock & work in progress
5,145
Trade Debtors
10,120
3,265
3,097
52,889
50,073
5,221
28,205
Group Debtors
28,971
11,515
14,390
6,000
15,565
749
Misc Debtors
455
537
1,369
398
1,442
1,609
85,171
496
1,005
Cash
5,944
18,852
7,174
77,381
20,104
27,711
2,178
111,330
76,003
24,707
misc current assets
total current assets
35,370
30,904
22,933
99,044
40,376
33,166
140,238
161,899
82,229
52,912
total assets
35,370
30,904
22,933
99,044
40,376
33,166
140,269
162,011
86,023
60,169
Bank overdraft
Bank loan
Trade Creditors
8,095
8,237
9,710
32,631
8,909
14,138
17,173
51,272
1,359
136,989
Group/Directors Accounts
474
475
6,565
69,151
50,352
40,000
139,990
174,840
174,840
other short term finances
hp & lease commitments
other current liabilities
5,249
8,630
6,126
8,209
4,590
7,219
29,035
11,259
4,518
total current liabilities
13,818
17,342
22,401
109,991
63,851
61,357
186,198
237,371
180,717
136,989
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
22
759
1,451
total long term liabilities
22
759
1,451
total liabilities
13,818
17,342
22,401
109,991
63,851
61,357
186,198
237,393
181,476
138,440
net assets
21,552
13,562
532
-10,947
-23,475
-28,191
-45,929
-75,382
-95,453
-78,271
total shareholders funds
21,552
13,562
532
-10,947
-23,475
-28,191
-45,929
-75,382
-95,453
-78,271
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Operating Activities
Operating Profit
10,002
15,794
14,129
15,418
5,643
21,787
36,220
24,855
-17,434
-98,333
Depreciation
31
81
3,682
3,650
3,600
Amortisation
Tax
-2,663
-3,056
-2,693
-2,939
-1,106
-4,161
-6,909
-5,018
Stock
-5,145
5,145
Debtors
17,374
-3,707
-759
-3,754
14,817
-132,605
87,491
44,343
-21,979
28,205
Creditors
-142
-1,473
-22,921
23,722
-5,229
-3,035
-34,099
49,913
-135,630
136,989
Accruals and Deferred Income
-3,381
2,504
-2,083
3,619
-2,629
-21,816
17,776
6,741
4,518
Deferred Taxes & Provisions
-22
-737
-692
1,451
Cash flow from operations
-13,558
17,476
-7,664
38,429
-18,138
125,411
-74,444
35,093
-123,609
15,502
Investing Activities
capital expenditure
-187
-10,857
Change in Investments
cash flow from investments
-187
-10,857
Financing Activities
Bank loans
Group/Directors Accounts
-1
-6,090
-62,586
18,799
10,352
-99,990
-34,850
174,840
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
20,000
interest
651
293
42
49
179
112
142
234
252
62
cash flow from financing
650
-5,797
-62,544
18,848
10,531
-99,878
-34,708
234
175,092
20,062
cash and cash equivalents
cash
-12,908
11,678
-70,207
57,277
-7,607
25,533
-109,152
35,327
51,296
24,707
overdraft
change in cash
-12,908
11,678
-70,207
57,277
-7,607
25,533
-109,152
35,327
51,296
24,707
passport it limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for passport it limited. Get real-time insights into passport it limited's credit score, group structure and payment trends.
Perform a competitor analysis for passport it limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in DN40 area or any other competitors across 12 key performance metrics.
the bridge one graypen way, immingham, north east lincolnshire, DN40 1QN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
passport it limited 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 passport it limited.
passport it limited Capital Raised & Share Issues BETA
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passport it limitedCompanies House Filings - See Documents
