solution 60 ltd
solution 60 ltd Company Information
Company Number
08859392
Website
-Registered Address
6-10 queensway queensway, new milton, BH25 5NN
Industry
Specialised design activities
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Ray Davis10 Years
Shareholders
ray davis 71.3%
brian harding 12.1%
View Allsolution 60 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION 60 LTD at £68k based on a Turnover of £141.8k and 0.48x industry multiple (adjusted for size and gross margin).
solution 60 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION 60 LTD at £0 based on an EBITDA of £-215k and a 3.74x industry multiple (adjusted for size and gross margin).
solution 60 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION 60 LTD at £966.8k based on Net Assets of £389.2k and 2.48x industry multiple (adjusted for liquidity).
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Solution 60 Ltd Overview
Solution 60 Ltd is a live company located in new milton, BH25 5NN with a Companies House number of 08859392. It operates in the specialised design activities sector, SIC Code 74100. Founded in January 2014, it's largest shareholder is ray davis with a 71.3% stake. Solution 60 Ltd is a established, micro sized company, Pomanda has estimated its turnover at £141.8k with declining growth in recent years.
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Solution 60 Ltd Health Check
Pomanda's financial health check has awarded Solution 60 Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £141.8k, make it smaller than the average company (£196.2k)
- Solution 60 Ltd
£196.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (3.1%)
- Solution 60 Ltd
3.1% - Industry AVG
Production
with a gross margin of 49.1%, this company has a comparable cost of product (49.1%)
- Solution 60 Ltd
49.1% - Industry AVG
Profitability
an operating margin of -151.6% make it less profitable than the average company (8.9%)
- Solution 60 Ltd
8.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Solution 60 Ltd
3 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£26.7k)
- Solution 60 Ltd
£26.7k - Industry AVG
Efficiency
resulting in sales per employee of £141.8k, this is more efficient (£94.7k)
- Solution 60 Ltd
£94.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Solution 60 Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 261 days, this is slower than average (45 days)
- Solution 60 Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solution 60 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (31 weeks)
0 weeks - Solution 60 Ltd
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.4%, this is a lower level of debt than the average (55.1%)
33.4% - Solution 60 Ltd
55.1% - Industry AVG
SOLUTION 60 LTD financials
Solution 60 Ltd's latest turnover from January 2023 is estimated at £141.8 thousand and the company has net assets of £389.2 thousand. According to their latest financial statements, Solution 60 Ltd has 1 employee and maintains cash reserves of £25 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 | 4 | 5 | 3 | 3 | 2 | |||
| 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 | 0 | 0 | 95,262 | 109,046 | 127,182 | 138,837 | 2,824 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 95,262 | 109,046 | 127,182 | 138,837 | 2,824 | 0 | 0 |
| Stock & work in progress | 0 | 215,005 | 260,360 | 209,735 | 217,000 | 97,500 | 0 | 99,500 | 37,500 |
| Trade Debtors | 0 | 267,711 | 197,631 | 137,631 | 137,631 | 510,211 | 521,821 | 0 | 69,500 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 584,185 | 279,199 | 224,834 | 238,187 | 215,962 | 0 | 97,144 | 50,009 | 0 |
| Cash | 25 | 25 | 63 | 1,943 | 1,849 | 1,988 | 1,351 | 8,254 | 12,714 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 584,210 | 761,940 | 682,888 | 587,496 | 572,442 | 609,699 | 620,316 | 157,763 | 119,714 |
| total assets | 584,210 | 761,940 | 778,150 | 696,542 | 699,624 | 748,536 | 623,140 | 157,763 | 119,714 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 51,689 | 51,688 | 8,966 | 3,820 | 1 | 0 | 226,372 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 39,265 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 14,199 | 8,890 | 8,890 | 8,890 | 0 | 0 | 0 |
| other current liabilities | 143,328 | 106,054 | 62,878 | 28,323 | 12,650 | 25,395 | 50,032 | 1,823 | 0 |
| total current liabilities | 195,017 | 157,742 | 86,043 | 41,033 | 60,806 | 34,285 | 276,404 | 1,823 | 0 |
| loans | 0 | 0 | 42,796 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 18,674 | 29,393 | 32,501 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 42,796 | 18,674 | 29,393 | 32,501 | 0 | 0 | 0 |
| total liabilities | 195,017 | 157,742 | 128,839 | 59,707 | 90,199 | 66,786 | 276,404 | 1,823 | 0 |
| net assets | 389,193 | 604,198 | 649,311 | 636,835 | 609,425 | 681,750 | 346,736 | 155,940 | 119,714 |
| total shareholders funds | 389,193 | 604,198 | 649,311 | 636,835 | 609,425 | 681,750 | 346,736 | 155,940 | 119,714 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 14,038 | 18,136 | 13,883 | 19,462 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -215,005 | -45,355 | 50,625 | -7,265 | 119,500 | 97,500 | -99,500 | 62,000 | 37,500 |
| Debtors | 37,275 | 124,445 | 46,647 | 22,225 | -156,618 | -108,754 | 568,956 | -19,491 | 69,500 |
| Creditors | 1 | 42,722 | 5,146 | 3,819 | 1 | -226,372 | 226,372 | 0 | 0 |
| Accruals and Deferred Income | 37,274 | 43,176 | 34,555 | 15,673 | -12,745 | -24,637 | 48,209 | 1,823 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -39,265 | 39,265 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -42,796 | 42,796 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -14,199 | -13,365 | -10,719 | -3,108 | 41,391 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | -38 | -1,880 | 94 | -139 | 637 | -6,903 | -4,460 | 12,714 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -38 | -1,880 | 94 | -139 | 637 | -6,903 | -4,460 | 12,714 |
solution 60 ltd Credit Report and Business Information
Solution 60 Ltd Competitor Analysis
Perform a competitor analysis for solution 60 ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BH25 area or any other competitors across 12 key performance metrics.
solution 60 ltd Ownership
SOLUTION 60 LTD group structure
Solution 60 Ltd has no subsidiary companies.
Ultimate parent company
SOLUTION 60 LTD
08859392
solution 60 ltd directors
Solution 60 Ltd currently has 1 director, Mr Ray Davis serving since May 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ray Davis | United Kingdom | 53 years | May 2014 | - | Director |
P&L
January 2023turnover
141.8k
-83%
operating profit
-215k
0%
gross margin
49.2%
-16.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
389.2k
-0.36%
total assets
584.2k
-0.23%
cash
25
0%
net assets
Total assets minus all liabilities
Similar Companies
solution 60 ltd company details
company number
08859392
Type
Private limited with Share Capital
industry
74100 - Specialised design activities
incorporation date
January 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
6-10 queensway queensway, new milton, BH25 5NN
accountant
-
auditor
-
solution 60 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 solution 60 ltd.
solution 60 ltd Companies House Filings - See Documents
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