markit systems limited
markit systems limited Company Information
Company Number
09305074
Next Accounts
Sep 2025
Shareholders
simon george turner
nicholas charles thurlow
View AllGroup Structure
View All
Industry
Other information service activities n.e.c.
Registered Address
c/o pkf littlejohn, 15 westferry circus, london, E14 4HD
Website
markit-systems.commarkit systems limited Estimated Valuation
Pomanda estimates the enterprise value of MARKIT SYSTEMS LIMITED at £1.1m based on a Turnover of £1.2m and 0.89x industry multiple (adjusted for size and gross margin).
markit systems limited Estimated Valuation
Pomanda estimates the enterprise value of MARKIT SYSTEMS LIMITED at £0 based on an EBITDA of £-581.3k and a 5.21x industry multiple (adjusted for size and gross margin).
markit systems limited Estimated Valuation
Pomanda estimates the enterprise value of MARKIT SYSTEMS LIMITED at £0 based on Net Assets of £-3.1m and 2.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Markit Systems Limited Overview
Markit Systems Limited is a live company located in london, E14 4HD with a Companies House number of 09305074. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in November 2014, it's largest shareholder is simon george turner with a 22.4% stake. Markit Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Markit Systems Limited Health Check
Pomanda's financial health check has awarded Markit Systems Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £1.2m, make it in line with the average company (£1.2m)
- Markit Systems Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.6%)
- Markit Systems Limited
7.6% - Industry AVG
Production
with a gross margin of 68.4%, this company has a comparable cost of product (68.4%)
- Markit Systems Limited
68.4% - Industry AVG
Profitability
an operating margin of -68.9% make it less profitable than the average company (5.8%)
- Markit Systems Limited
5.8% - Industry AVG
Employees
with 9 employees, this is below the industry average (20)
9 - Markit Systems Limited
20 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Markit Systems Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £137.5k, this is more efficient (£76.3k)
- Markit Systems Limited
£76.3k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (35 days)
- Markit Systems Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 810 days, this is slower than average (31 days)
- Markit Systems Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Markit Systems Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (68 weeks)
2 weeks - Markit Systems Limited
68 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 267.6%, this is a higher level of debt than the average (36.3%)
267.6% - Markit Systems Limited
36.3% - Industry AVG
MARKIT SYSTEMS LIMITED financials
Markit Systems Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of -£3.1 million. According to their latest financial statements, Markit Systems Limited has 9 employees and maintains cash reserves of £214.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 19,500 | 19,500 | 19,500 | 19,500 | 19,501 | 18,409 | |||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 9 | 9 | 3 | 5 | 5 | 5 | 4 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,475 | 10,732 | 4 | 4 | 268 | 353 | 617 | ||
| Intangible Assets | 909,185 | 1,179,455 | 1,256,952 | 1,363,977 | 1,399,000 | 1,309,864 | 994,435 | 714,474 | 423,584 |
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 915,660 | 1,190,187 | 1,256,952 | 1,363,981 | 1,399,004 | 1,310,132 | 994,788 | 715,091 | 423,584 |
| Stock & work in progress | |||||||||
| Trade Debtors | 142,225 | 94,013 | 112,312 | 88,128 | 20,775 | 9,833 | 43,306 | 123 | 42,456 |
| Group Debtors | |||||||||
| Misc Debtors | 592,387 | 838,624 | 791,824 | 445,267 | 240,751 | 97,360 | 100,085 | 97,650 | 10,474 |
| Cash | 214,060 | 1,123 | 24,416 | 8,337 | 4,023 | 171,412 | 46,512 | 136,255 | 36,253 |
| misc current assets | |||||||||
| total current assets | 948,672 | 933,760 | 928,552 | 541,732 | 265,549 | 278,605 | 189,903 | 234,028 | 89,183 |
| total assets | 1,864,332 | 2,123,947 | 2,185,504 | 1,905,713 | 1,664,553 | 1,588,737 | 1,184,691 | 949,119 | 512,767 |
| Bank overdraft | 196,200 | ||||||||
| Bank loan | 10,000 | 10,000 | 10,000 | 23,800 | 94,073 | 348,174 | |||
| Trade Creditors | 868,120 | 833,118 | 815,156 | 805,576 | 854,860 | 188,467 | 74,854 | 76,919 | 6,434 |
| Group/Directors Accounts | 409,623 | 541,084 | |||||||
| other short term finances | 200,000 | 700,000 | 200,000 | 200,000 | 100,000 | ||||
| hp & lease commitments | |||||||||
| other current liabilities | 2,883,172 | 2,515,645 | 1,876,864 | 1,616,447 | 1,498,001 | 1,584,118 | 927,172 | 418,220 | 64,193 |
| total current liabilities | 3,961,292 | 4,254,963 | 2,902,020 | 2,622,023 | 2,476,661 | 1,866,658 | 1,350,200 | 904,762 | 611,711 |
| loans | 1,026,769 | 24,167 | 534,167 | 50,000 | |||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 1,026,769 | 24,167 | 534,167 | 50,000 | |||||
| total liabilities | 4,988,061 | 4,279,130 | 3,436,187 | 2,672,023 | 2,476,661 | 1,866,658 | 1,350,200 | 904,762 | 611,711 |
| net assets | -3,123,729 | -2,155,183 | -1,250,683 | -766,310 | -812,108 | -277,921 | -165,509 | 44,357 | -98,944 |
| total shareholders funds | -3,123,729 | -2,155,183 | -1,250,683 | -766,310 | -812,108 | -277,921 | -165,509 | 44,357 | -98,944 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 973 | 4 | 264 | 264 | 264 | 176 | |||
| Amortisation | 270,000 | 249,997 | 225,000 | 174,000 | 228,264 | 173,424 | 105,896 | 105,896 | |
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -198,025 | 28,501 | 370,741 | 271,869 | 154,333 | -36,198 | 45,618 | 44,843 | 52,930 |
| Creditors | 35,002 | 17,962 | 9,580 | -49,284 | 666,393 | 113,613 | -2,065 | 70,485 | 6,434 |
| Accruals and Deferred Income | 367,527 | 638,781 | 260,417 | 118,446 | -86,117 | 656,946 | 508,952 | 354,027 | 64,193 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 10,000 | -23,800 | -70,273 | -254,101 | 348,174 | ||||
| Group/Directors Accounts | -409,623 | -131,461 | 541,084 | ||||||
| Other Short Term Loans | -500,000 | 500,000 | 100,000 | 100,000 | |||||
| Long term loans | 1,002,602 | -510,000 | 484,167 | 50,000 | |||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 212,937 | -23,293 | 16,079 | 4,314 | -167,389 | 124,900 | -89,743 | 100,002 | 36,253 |
| overdraft | -196,200 | 196,200 | |||||||
| change in cash | 409,137 | -219,493 | 16,079 | 4,314 | -167,389 | 124,900 | -89,743 | 100,002 | 36,253 |
markit systems limited Credit Report and Business Information
Markit Systems Limited Competitor Analysis
Perform a competitor analysis for markit systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.
markit systems limited Ownership
MARKIT SYSTEMS LIMITED group structure
Markit Systems Limited has no subsidiary companies.
Ultimate parent company
MARKIT SYSTEMS LIMITED
09305074
markit systems limited directors
Markit Systems Limited currently has 4 directors. The longest serving directors include Mr Simon Turner (Nov 2014) and Ms Holly Bellingham (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Turner | United Kingdom | 58 years | Nov 2014 | - | Director |
| Ms Holly Bellingham | 65 years | Nov 2014 | - | Director | |
| Mr Eric Fady | United Kingdom | 67 years | May 2016 | - | Director |
| Mr Malcolm McLean | United Kingdom | 67 years | Aug 2017 | - | Director |
P&L
December 2023turnover
1.2m
+16%
operating profit
-852.3k
0%
gross margin
68.4%
+9.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-3.1m
+0.45%
total assets
1.9m
-0.12%
cash
214.1k
+189.61%
net assets
Total assets minus all liabilities
Similar Companies
markit systems limited company details
company number
09305074
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
c/o pkf littlejohn, 15 westferry circus, london, E14 4HD
Bank
-
Legal Advisor
-
markit systems 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 found 5 charges/mortgages relating to markit systems limited. Currently there are 2 open charges and 3 have been satisfied in the past.
markit systems limited 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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markit systems limited Companies House Filings - See Documents
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