remington enterprise it ltd
remington enterprise it ltd Company Information
Company Number
08952370
Next Accounts
73 days late
Directors
Shareholders
mr timothy peter everest
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
c/o wsm marks bloom llp, 2nd floor shaw house, guildford, surrey, GU1 3QT
Website
-remington enterprise it ltd Estimated Valuation
Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £811k based on a Turnover of £1.5m and 0.55x industry multiple (adjusted for size and gross margin).
remington enterprise it ltd Estimated Valuation
Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £0 based on an EBITDA of £-34.9k and a 3.72x industry multiple (adjusted for size and gross margin).
remington enterprise it ltd Estimated Valuation
Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £1.6m based on Net Assets of £729.8k and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Remington Enterprise It Ltd Overview
Remington Enterprise It Ltd is a live company located in guildford, GU1 3QT with a Companies House number of 08952370. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2014, it's largest shareholder is mr timothy peter everest with a 100% stake. Remington Enterprise It Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Remington Enterprise It Ltd Health Check
Pomanda's financial health check has awarded Remington Enterprise It Ltd a 2.5 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
1 Regular
7 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£6.5m)
- Remington Enterprise It Ltd
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.4%)
- Remington Enterprise It Ltd
6.4% - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (49.4%)
- Remington Enterprise It Ltd
49.4% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (3.5%)
- Remington Enterprise It Ltd
3.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (39)
1 - Remington Enterprise It Ltd
39 - Industry AVG
Pay Structure
on an average salary of £69.3k, the company has an equivalent pay structure (£69.3k)
- Remington Enterprise It Ltd
£69.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£168.7k)
- Remington Enterprise It Ltd
£168.7k - Industry AVG
Debtor Days
it gets paid by customers after 182 days, this is later than average (54 days)
- Remington Enterprise It Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (36 days)
- Remington Enterprise It Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Remington Enterprise It Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Remington Enterprise It Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.8%, this is a lower level of debt than the average (63.5%)
1.8% - Remington Enterprise It Ltd
63.5% - Industry AVG
REMINGTON ENTERPRISE IT LTD financials
Remington Enterprise It Ltd's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of £729.8 thousand. According to their latest financial statements, Remington Enterprise It Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 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 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,530 | 3,074 | 3,967 | 685 | 314 | 1,850 | 3,564 | 747 | 576 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 2,530 | 3,074 | 3,967 | 685 | 314 | 1,850 | 3,564 | 747 | 576 |
| Stock & work in progress | |||||||||
| Trade Debtors | 740,964 | 840,602 | 924,963 | 677,254 | 451,906 | 226,022 | 293,467 | 27,200 | 27,848 |
| Group Debtors | |||||||||
| Misc Debtors | 2,489 | ||||||||
| Cash | 273,184 | 175,168 | |||||||
| misc current assets | |||||||||
| total current assets | 740,964 | 840,602 | 924,963 | 679,743 | 451,906 | 226,022 | 293,467 | 300,384 | 203,016 |
| total assets | 743,494 | 843,676 | 928,930 | 680,428 | 452,220 | 227,872 | 297,031 | 301,131 | 203,592 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 11,819 | 77,207 | 122,507 | 108,772 | 82,974 | 2,200 | 43,986 | 94,145 | 70,837 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 11,819 | 77,207 | 122,507 | 108,772 | 82,974 | 2,200 | 43,986 | 94,145 | 70,837 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 1,840 | 1,750 | 1,750 | 1,696 | 1,596 | ||||
| other liabilities | |||||||||
| provisions | 149 | 115 | |||||||
| total long term liabilities | 1,840 | 1,750 | 1,750 | 1,696 | 1,596 | 149 | 115 | ||
| total liabilities | 13,659 | 78,957 | 124,257 | 110,468 | 84,570 | 2,200 | 43,986 | 94,294 | 70,952 |
| net assets | 729,835 | 764,719 | 804,673 | 569,960 | 367,650 | 225,672 | 253,045 | 206,837 | 132,640 |
| total shareholders funds | 729,835 | 764,719 | 804,673 | 569,960 | 367,650 | 225,672 | 253,045 | 206,837 | 132,640 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 517 | 288 | |||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -99,638 | -84,361 | 245,220 | 227,837 | 225,884 | -67,445 | 266,267 | -648 | 27,848 |
| Creditors | -65,388 | -45,300 | 13,735 | 25,798 | 80,774 | -41,786 | -50,159 | 23,308 | 70,837 |
| Accruals and Deferred Income | 90 | 54 | 100 | 1,596 | |||||
| Deferred Taxes & Provisions | -149 | 34 | 115 | ||||||
| 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 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -273,184 | 98,016 | 175,168 | ||||||
| overdraft | |||||||||
| change in cash | -273,184 | 98,016 | 175,168 |
remington enterprise it ltd Credit Report and Business Information
Remington Enterprise It Ltd Competitor Analysis
Perform a competitor analysis for remington enterprise it ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in GU1 area or any other competitors across 12 key performance metrics.
remington enterprise it ltd Ownership
REMINGTON ENTERPRISE IT LTD group structure
Remington Enterprise It Ltd has no subsidiary companies.
Ultimate parent company
REMINGTON ENTERPRISE IT LTD
08952370
remington enterprise it ltd directors
Remington Enterprise It Ltd currently has 1 director, Mr Timothy Everest serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Everest | United Kingdom | 56 years | Mar 2014 | - | Director |
P&L
March 2023turnover
1.5m
-16%
operating profit
-34.9k
0%
gross margin
25.4%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
729.8k
-0.05%
total assets
743.5k
-0.12%
cash
0
0%
net assets
Total assets minus all liabilities
remington enterprise it ltd company details
company number
08952370
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
HARMER SLATER LIMITED
auditor
-
address
c/o wsm marks bloom llp, 2nd floor shaw house, guildford, surrey, GU1 3QT
Bank
-
Legal Advisor
-
remington enterprise it 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 remington enterprise it ltd.
remington enterprise it 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 REMINGTON ENTERPRISE IT LTD. This can take several minutes, an email will notify you when this has completed.
remington enterprise it ltd Companies House Filings - See Documents
| date | description | view/download |
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