surface mt ltd
surface mt ltd Company Information
Company Number
08840512
Next Accounts
146 days late
Directors
Shareholders
amir adar
eyal tati
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
19 edinburgh drive, staines-upon-thames, surrey, TW18 1PJ
Website
http://floorsync.comsurface mt ltd Estimated Valuation
Pomanda estimates the enterprise value of SURFACE MT LTD at £45.9k based on a Turnover of £53.7k and 0.86x industry multiple (adjusted for size and gross margin).
surface mt ltd Estimated Valuation
Pomanda estimates the enterprise value of SURFACE MT LTD at £0 based on an EBITDA of £-1.2k and a 5.22x industry multiple (adjusted for size and gross margin).
surface mt ltd Estimated Valuation
Pomanda estimates the enterprise value of SURFACE MT LTD at £0 based on Net Assets of £-213.2k and 2.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Surface Mt Ltd Overview
Surface Mt Ltd is a live company located in surrey, TW18 1PJ with a Companies House number of 08840512. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2014, it's largest shareholder is amir adar with a 42.7% stake. Surface Mt Ltd is a established, micro sized company, Pomanda has estimated its turnover at £53.7k with declining growth in recent years.
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Surface Mt Ltd Health Check
Pomanda's financial health check has awarded Surface Mt Ltd a 1.5 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
2 Regular
7 Weak
Size
annual sales of £53.7k, make it smaller than the average company (£3.4m)
- Surface Mt Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (8.6%)
- Surface Mt Ltd
8.6% - Industry AVG
Production
with a gross margin of 72.9%, this company has a comparable cost of product (72.9%)
- Surface Mt Ltd
72.9% - Industry AVG
Profitability
an operating margin of -17.5% make it less profitable than the average company (3.6%)
- Surface Mt Ltd
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Surface Mt Ltd
30 - Industry AVG
Pay Structure
on an average salary of £67.2k, the company has an equivalent pay structure (£67.2k)
- Surface Mt Ltd
£67.2k - Industry AVG
Efficiency
resulting in sales per employee of £53.7k, this is less efficient (£112.2k)
- Surface Mt Ltd
£112.2k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (63 days)
- Surface Mt Ltd
63 days - Industry AVG
Creditor Days
its suppliers are paid after 267 days, this is slower than average (48 days)
- Surface Mt Ltd
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Surface Mt Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - Surface Mt Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2126.7%, this is a higher level of debt than the average (62.3%)
2126.7% - Surface Mt Ltd
62.3% - Industry AVG
SURFACE MT LTD financials
Surface Mt Ltd's latest turnover from January 2023 is estimated at £53.7 thousand and the company has net assets of -£213.2 thousand. According to their latest financial statements, Surface Mt Ltd has 1 employee and maintains cash reserves of £1.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 104 | 207 | 757 | 1,884 | 3,323 | 4,762 | |||
| Intangible Assets | 4,411 | 12,483 | 40,336 | 77,946 | 105,326 | 107,638 | 54,528 | ||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | 100 | ||||||||
| Total Fixed Assets | 4,411 | 12,587 | 40,543 | 78,703 | 107,210 | 110,961 | 59,290 | 100 | |
| Stock & work in progress | |||||||||
| Trade Debtors | 2,500 | 3,044 | 9,511 | 8,339 | 4,169 | 9,846 | 965 | 2,575 | |
| Group Debtors | |||||||||
| Misc Debtors | 1,936 | 2,619 | 1,936 | 202,511 | 925 | 164 | |||
| Cash | 1,673 | 4,963 | 6,913 | 4,379 | 4,702 | 1,402 | 647 | 44 | |
| misc current assets | |||||||||
| total current assets | 6,109 | 10,626 | 18,360 | 12,718 | 211,382 | 12,173 | 1,612 | 2,783 | |
| total assets | 10,520 | 23,213 | 58,903 | 91,421 | 318,592 | 123,134 | 60,902 | 2,883 | |
| Bank overdraft | 2,600 | 2,600 | |||||||
| Bank loan | |||||||||
| Trade Creditors | 10,679 | 10,679 | 10,679 | 11,929 | 12,119 | 8,362 | |||
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 203,949 | 203,792 | 204,060 | 201,230 | 397,610 | 162,462 | 123,388 | 33,392 | |
| total current liabilities | 217,228 | 217,071 | 214,739 | 213,159 | 409,729 | 170,824 | 123,388 | 33,392 | |
| loans | 6,500 | 9,100 | 13,000 | ||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 6,500 | 9,100 | 13,000 | ||||||
| total liabilities | 223,728 | 226,171 | 227,739 | 213,159 | 409,729 | 170,824 | 123,388 | 33,392 | |
| net assets | -213,208 | -202,958 | -168,836 | -121,738 | -91,137 | -47,690 | -62,486 | -30,509 | |
| total shareholders funds | -213,208 | -202,958 | -168,836 | -121,738 | -91,137 | -47,690 | -62,486 | -30,509 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 104 | 103 | 550 | 1,542 | 1,439 | 1,439 | 993 | ||
| Amortisation | 8,072 | 31,379 | 48,200 | 45,553 | 41,010 | 17,703 | |||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -1,227 | -5,784 | 3,108 | -198,341 | 195,909 | 9,806 | -1,874 | 2,839 | |
| Creditors | -1,250 | -190 | 3,757 | 8,362 | |||||
| Accruals and Deferred Income | 157 | -268 | 2,830 | -196,380 | 235,148 | 39,074 | 89,996 | 33,392 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | -2,600 | -3,900 | 13,000 | ||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -3,290 | -1,950 | 2,534 | -323 | 3,300 | 755 | 603 | 44 | |
| overdraft | 2,600 | ||||||||
| change in cash | -3,290 | -4,550 | 2,534 | -323 | 3,300 | 755 | 603 | 44 |
surface mt ltd Credit Report and Business Information
Surface Mt Ltd Competitor Analysis
Perform a competitor analysis for surface mt 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.
surface mt ltd Ownership
SURFACE MT LTD group structure
Surface Mt Ltd has no subsidiary companies.
Ultimate parent company
SURFACE MT LTD
08840512
surface mt ltd directors
Surface Mt Ltd currently has 1 director, Mr Amir Adar serving since Nov 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Amir Adar | United Kingdom | 67 years | Nov 2022 | - | Director |
P&L
January 2023turnover
53.7k
+1%
operating profit
-9.4k
0%
gross margin
72.9%
-0.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-213.2k
+0.05%
total assets
10.5k
-0.55%
cash
1.7k
-0.66%
net assets
Total assets minus all liabilities
surface mt ltd company details
company number
08840512
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
January 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
floorsync ltd (July 2017)
accountant
MELINEK FINE LLP
auditor
-
address
19 edinburgh drive, staines-upon-thames, surrey, TW18 1PJ
Bank
-
Legal Advisor
-
surface mt 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 surface mt ltd.
surface mt 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 SURFACE MT LTD. This can take several minutes, an email will notify you when this has completed.
surface mt ltd Companies House Filings - See Documents
| date | description | view/download |
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