need bright solutions? ltd
need bright solutions? ltd Company Information
Company Number
09136503
Website
-Registered Address
rigg farmhouse moor lane, leasingham, sleaford, lincolnshire, NG34 8SH
Industry
Educational support activities
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
anna christina louise needham 62.5%
frances elizabeth trundle 37.5%
need bright solutions? ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED BRIGHT SOLUTIONS? LTD at £9.8k based on a Turnover of £19.6k and 0.5x industry multiple (adjusted for size and gross margin).
need bright solutions? ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED BRIGHT SOLUTIONS? LTD at £0 based on an EBITDA of £-61 and a 2.61x industry multiple (adjusted for size and gross margin).
need bright solutions? ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED BRIGHT SOLUTIONS? LTD at £210 based on Net Assets of £91 and 2.31x industry multiple (adjusted for liquidity).
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Need Bright Solutions? Ltd Overview
Need Bright Solutions? Ltd is a dissolved company that was located in sleaford, NG34 8SH with a Companies House number of 09136503. It operated in the educational support services sector, SIC Code 85600. Founded in July 2014, it's largest shareholder was anna christina louise needham with a 62.5% stake. The last turnover for Need Bright Solutions? Ltd was estimated at £19.6k.
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Need Bright Solutions? Ltd Health Check
Pomanda's financial health check has awarded Need Bright Solutions? Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £19.6k, make it smaller than the average company (£416.5k)
- Need Bright Solutions? Ltd
£416.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.2%)
- Need Bright Solutions? Ltd
4.2% - Industry AVG
Production
with a gross margin of 27.1%, this company has a higher cost of product (64.9%)
- Need Bright Solutions? Ltd
64.9% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (8.2%)
- Need Bright Solutions? Ltd
8.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
- Need Bright Solutions? Ltd
15 - Industry AVG
Pay Structure
on an average salary of £26.2k, the company has an equivalent pay structure (£26.2k)
- Need Bright Solutions? Ltd
£26.2k - Industry AVG
Efficiency
resulting in sales per employee of £19.6k, this is less efficient (£51.1k)
- Need Bright Solutions? Ltd
£51.1k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (24 days)
- Need Bright Solutions? Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (26 days)
- Need Bright Solutions? Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Need Bright Solutions? Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Need Bright Solutions? Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.6%, this is a higher level of debt than the average (32.2%)
97.6% - Need Bright Solutions? Ltd
32.2% - Industry AVG
NEED BRIGHT SOLUTIONS? LTD financials
Need Bright Solutions? Ltd's latest turnover from August 2018 is estimated at £19.6 thousand and the company has net assets of £91. According to their latest financial statements, we estimate that Need Bright Solutions? Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 200 | 267 | 356 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 200 | 267 | 356 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,755 | 8,753 | 5,305 | 2,399 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 3,282 | 0 |
| Cash | 0 | 0 | 406 | 6,958 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 3,755 | 8,753 | 8,993 | 9,357 |
| total assets | 3,755 | 8,953 | 9,260 | 9,713 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,664 | 8,801 | 8,981 | 9,410 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 3,664 | 8,801 | 8,981 | 9,410 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 53 | 71 |
| total long term liabilities | 0 | 0 | 53 | 71 |
| total liabilities | 3,664 | 8,801 | 9,034 | 9,481 |
| net assets | 91 | 152 | 226 | 232 |
| total shareholders funds | 91 | 152 | 226 | 232 |
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 89 | 119 | |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -4,998 | 166 | 6,188 | 2,399 |
| Creditors | -5,137 | -180 | -429 | 9,410 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -53 | -18 | 71 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | -406 | -6,552 | 6,958 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | -406 | -6,552 | 6,958 |
need bright solutions? ltd Credit Report and Business Information
Need Bright Solutions? Ltd Competitor Analysis
Perform a competitor analysis for need bright solutions? ltd by selecting its closest rivals, whether from the EDUCATION sector, other undefined companies, companies in NG34 area or any other competitors across 12 key performance metrics.
need bright solutions? ltd Ownership
NEED BRIGHT SOLUTIONS? LTD group structure
Need Bright Solutions? Ltd has no subsidiary companies.
Ultimate parent company
NEED BRIGHT SOLUTIONS? LTD
09136503
need bright solutions? ltd directors
Need Bright Solutions? Ltd currently has 2 directors. The longest serving directors include Mrs Frances Trundle (Jul 2014) and Mrs Anna Needham (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Frances Trundle | England | 42 years | Jul 2014 | - | Director |
| Mrs Anna Needham | United Kingdom | 42 years | Jul 2014 | - | Director |
P&L
August 2018turnover
19.6k
-55%
operating profit
-61
0%
gross margin
27.2%
-8.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2018net assets
91
-0.4%
total assets
3.8k
-0.58%
cash
0
0%
net assets
Total assets minus all liabilities
need bright solutions? ltd company details
company number
09136503
Type
Private limited with Share Capital
industry
85600 - Educational support activities
incorporation date
July 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2018
previous names
N/A
accountant
DEXTER & SHARPE (BOSTON)
auditor
-
address
rigg farmhouse moor lane, leasingham, sleaford, lincolnshire, NG34 8SH
Bank
-
Legal Advisor
-
need bright 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 need bright solutions? ltd.
need bright solutions? ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
