latsec limited
latsec limited Company Information
Company Number
09143883
Website
-Registered Address
41 shalbourne rise, camberley, surrey, GU15 2EJ
Industry
Computer facilities management activities
Computer consultancy activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Nitesh Bharadia10 Years
Shareholders
nitesh bharadia 100%
latsec limited Estimated Valuation
Pomanda estimates the enterprise value of LATSEC LIMITED at £68.6k based on a Turnover of £100.9k and 0.68x industry multiple (adjusted for size and gross margin).
latsec limited Estimated Valuation
Pomanda estimates the enterprise value of LATSEC LIMITED at £19.6k based on an EBITDA of £5k and a 3.93x industry multiple (adjusted for size and gross margin).
latsec limited Estimated Valuation
Pomanda estimates the enterprise value of LATSEC LIMITED at £0 based on Net Assets of £-161.5k and 2.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Latsec Limited Overview
Latsec Limited is a live company located in surrey, GU15 2EJ with a Companies House number of 09143883. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2014, it's largest shareholder is nitesh bharadia with a 100% stake. Latsec Limited is a established, micro sized company, Pomanda has estimated its turnover at £100.9k with low growth in recent years.
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Latsec Limited Health Check
Pomanda's financial health check has awarded Latsec Limited 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
1 Regular
7 Weak
Size
annual sales of £100.9k, make it smaller than the average company (£2.3m)
- Latsec Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.6%)
- Latsec Limited
6.6% - Industry AVG
Production
with a gross margin of 28.7%, this company has a higher cost of product (52.5%)
- Latsec Limited
52.5% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (6.4%)
- Latsec Limited
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (19)
- Latsec Limited
19 - Industry AVG
Pay Structure
on an average salary of £49k, the company has an equivalent pay structure (£49k)
- Latsec Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £100.9k, this is less efficient (£119.7k)
- Latsec Limited
£119.7k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (51 days)
- Latsec Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 765 days, this is slower than average (36 days)
- Latsec Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Latsec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Latsec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2141.6%, this is a higher level of debt than the average (51.5%)
2141.6% - Latsec Limited
51.5% - Industry AVG
LATSEC LIMITED financials
Latsec Limited's latest turnover from March 2023 is estimated at £100.9 thousand and the company has net assets of -£161.5 thousand. According to their latest financial statements, we estimate that Latsec Limited 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 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 50,992 | 20,000 | |||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | |||||||
| Pre-Tax Profit | 10,988 | -8,075 | |||||||
| Tax | 0 | 0 | |||||||
| Profit After Tax | 10,988 | -8,075 | |||||||
| Dividends Paid | 0 | 0 | |||||||
| Retained Profit | 10,988 | -8,075 | |||||||
| Employee Costs | 0 | 0 | |||||||
| Number Of Employees | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 3,596 | 10,790 | 64,317 |
| 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 | 0 | 0 | 0 | 0 | 3,596 | 10,790 | 64,317 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,908 | 8,439 | 29,679 | 9,635 | 35,375 | 38,266 | 0 | 58,473 | 107,919 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 24,771 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,908 | 8,439 | 29,679 | 9,635 | 35,375 | 38,266 | 24,771 | 58,473 | 107,919 |
| total assets | 7,908 | 8,439 | 29,679 | 9,635 | 35,375 | 38,266 | 28,367 | 69,263 | 172,236 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 150,791 | 150,791 | 149,189 | 130,741 | 118,560 | 108,118 | 109,207 | 142,028 | 84,639 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 150,791 | 150,791 | 149,189 | 130,741 | 118,560 | 108,118 | 109,207 | 142,028 | 84,639 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 18,569 | 23,148 | 25,000 | 0 | 0 | 0 | 0 | 0 | 65,291 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 18,569 | 23,148 | 25,000 | 0 | 0 | 0 | 0 | 0 | 65,291 |
| total liabilities | 169,360 | 173,939 | 174,189 | 130,741 | 118,560 | 108,118 | 109,207 | 142,028 | 149,930 |
| net assets | -161,452 | -165,500 | -144,510 | -121,106 | -83,185 | -69,852 | -80,840 | -72,765 | 22,306 |
| total shareholders funds | -161,452 | -165,500 | -144,510 | -121,106 | -83,185 | -69,852 | -80,840 | -72,765 | 22,306 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 7,271 | 9,604 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | 0 | 0 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -531 | -21,240 | 20,044 | -25,740 | -2,891 | 38,266 | -58,473 | -49,446 | 107,919 |
| Creditors | 0 | 1,602 | 18,448 | 12,181 | 10,442 | -1,089 | -32,821 | 57,389 | 84,639 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,579 | -1,852 | 25,000 | 0 | 0 | 0 | 0 | -65,291 | 65,291 |
| share issue | |||||||||
| interest | 0 | 0 | |||||||
| cash flow from financing | 0 | 0 | |||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -24,771 | 24,771 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -24,771 | 24,771 | 0 | 0 |
latsec limited Credit Report and Business Information
Latsec Limited Competitor Analysis
Perform a competitor analysis for latsec limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in GU15 area or any other competitors across 12 key performance metrics.
latsec limited Ownership
LATSEC LIMITED group structure
Latsec Limited has no subsidiary companies.
Ultimate parent company
LATSEC LIMITED
09143883
latsec limited directors
Latsec Limited currently has 1 director, Mr Nitesh Bharadia serving since Jul 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nitesh Bharadia | United Kingdom | 60 years | Jul 2014 | - | Director |
P&L
March 2023turnover
100.9k
-2%
operating profit
5k
0%
gross margin
28.8%
-2.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-161.5k
-0.02%
total assets
7.9k
-0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
latsec limited company details
company number
09143883
Type
Private limited with Share Capital
industry
62030 - Computer facilities management activities
62020 - Computer consultancy activities
63990 - Other information service activities n.e.c.
incorporation date
July 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
41 shalbourne rise, camberley, surrey, GU15 2EJ
accountant
-
auditor
-
latsec limited 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 latsec limited.
latsec limited Companies House Filings - See Documents
| date | description | view/download |
|---|
