crossnet it solutions ltd
crossnet it solutions ltd Company Information
Group Structure
View All
Industry
Other information service activities n.e.c.
Registered Address
304 caledonian road, london, N1 1BB
Website
www.crossnetitsolutions.comcrossnet it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of CROSSNET IT SOLUTIONS LTD at £31k based on a Turnover of £48k and 0.65x industry multiple (adjusted for size and gross margin).
crossnet it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of CROSSNET IT SOLUTIONS LTD at £344 based on an EBITDA of £98 and a 3.49x industry multiple (adjusted for size and gross margin).
crossnet it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of CROSSNET IT SOLUTIONS LTD at £0 based on Net Assets of £-58.5k and 2.52x industry multiple (adjusted for liquidity).
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Crossnet It Solutions Ltd Overview
Crossnet It Solutions Ltd is a live company located in london, N1 1BB with a Companies House number of 08967544. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in March 2014, it's largest shareholder is mohammad mynul kyzer with a 100% stake. Crossnet It Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £48k with declining growth in recent years.
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Crossnet It Solutions Ltd Health Check
Pomanda's financial health check has awarded Crossnet It Solutions Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £48k, make it smaller than the average company (£762.4k)
- Crossnet It Solutions Ltd
£762.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.5%)
- Crossnet It Solutions Ltd
6.5% - Industry AVG
Production
with a gross margin of 36.5%, this company has a higher cost of product (70.8%)
- Crossnet It Solutions Ltd
70.8% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (5.6%)
- Crossnet It Solutions Ltd
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (18)
2 - Crossnet It Solutions Ltd
18 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has an equivalent pay structure (£27.7k)
- Crossnet It Solutions Ltd
£27.7k - Industry AVG
Efficiency
resulting in sales per employee of £24k, this is less efficient (£45k)
- Crossnet It Solutions Ltd
£45k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (25 days)
- Crossnet It Solutions Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 687 days, this is slower than average (32 days)
- Crossnet It Solutions Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Crossnet It Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Crossnet It Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 802%, this is a higher level of debt than the average (22.9%)
802% - Crossnet It Solutions Ltd
22.9% - Industry AVG
CROSSNET IT SOLUTIONS LTD financials
Crossnet It Solutions Ltd's latest turnover from March 2024 is estimated at £48 thousand and the company has net assets of -£58.5 thousand. According to their latest financial statements, Crossnet It Solutions Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 2 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,786 | 5,982 | 7,477 | 9,346 | 0 | 569 | 1,210 | 1,851 | 2,492 | 297 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,786 | 5,982 | 7,477 | 9,346 | 0 | 570 | 1,210 | 1,851 | 2,492 | 297 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 6,358 | 0 | 0 | 3,170 | 2,050 | 1,750 |
| Trade Debtors | 3,549 | 2,651 | 8,622 | 10,316 | 0 | 5,349 | 4,553 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 4,279 | 0 | 0 | 1,145 | 417 | 1,123 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,549 | 2,651 | 8,622 | 10,316 | 10,637 | 5,349 | 4,553 | 4,315 | 2,467 | 2,873 |
| total assets | 8,335 | 8,633 | 16,099 | 19,662 | 10,637 | 5,919 | 5,763 | 6,166 | 4,959 | 3,170 |
| 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 | 57,378 | 56,622 | 55,432 | 56,398 | 0 | 70,479 | 85,741 | 90,920 | 12,068 | 3,293 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,033 | 85 |
| 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 | 0 | 0 | 0 | 0 | 69,145 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 57,378 | 56,622 | 55,432 | 56,398 | 69,145 | 70,479 | 85,741 | 90,920 | 40,101 | 3,378 |
| 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 | 9,466 | 10,594 | 15,301 | 18,795 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,466 | 10,594 | 15,301 | 18,795 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 66,844 | 67,216 | 70,733 | 75,193 | 69,145 | 70,479 | 85,741 | 90,920 | 40,101 | 3,378 |
| net assets | -58,509 | -58,583 | -54,634 | -55,531 | -58,508 | -64,560 | -79,978 | -84,754 | -35,142 | -208 |
| total shareholders funds | -58,509 | -58,583 | -54,634 | -55,531 | -58,508 | -64,560 | -79,978 | -84,754 | -35,142 | -208 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 2,337 | 0 | 641 | 641 | 74 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | -6,358 | 6,358 | 0 | -3,170 | 1,120 | 300 | 1,750 |
| Debtors | 898 | -5,971 | -1,694 | 10,316 | -5,349 | 796 | 4,553 | 0 | 0 | 0 |
| Creditors | 756 | 1,190 | -966 | 56,398 | -70,479 | -15,262 | -5,179 | 78,852 | 8,775 | 3,293 |
| Accruals and Deferred Income | 0 | 0 | 0 | -69,145 | 69,145 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,033 | 27,948 | 85 |
| 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 | -1,128 | -4,707 | -3,494 | 18,795 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | -4,279 | 4,279 | 0 | -1,145 | 728 | -706 | 1,123 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -4,279 | 4,279 | 0 | -1,145 | 728 | -706 | 1,123 |
crossnet it solutions ltd Credit Report and Business Information
Crossnet It Solutions Ltd Competitor Analysis
Perform a competitor analysis for crossnet it solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
crossnet it solutions ltd Ownership
CROSSNET IT SOLUTIONS LTD group structure
Crossnet It Solutions Ltd has no subsidiary companies.
Ultimate parent company
CROSSNET IT SOLUTIONS LTD
08967544
crossnet it solutions ltd directors
Crossnet It Solutions Ltd currently has 1 director, Mr Mohammad Kyzer serving since Aug 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammad Kyzer | England | 42 years | Aug 2019 | - | Director |
P&L
March 2024turnover
48k
+3%
operating profit
98.7
0%
gross margin
36.5%
+4.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-58.5k
0%
total assets
8.3k
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
crossnet it solutions ltd company details
company number
08967544
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
304 caledonian road, london, N1 1BB
Bank
-
Legal Advisor
-
crossnet it solutions 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 crossnet it solutions ltd.
crossnet it solutions 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.
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crossnet it solutions ltd Companies House Filings - See Documents
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