polaris innovative technologies ltd
polaris innovative technologies ltd Company Information
Group Structure
View All
Industry
Business and domestic software development
Registered Address
ormond house, 26/27 boswell street, london, england, WC1N 3JZ
Website
www.polarisinnovative.compolaris innovative technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of POLARIS INNOVATIVE TECHNOLOGIES LTD at £2.4m based on a Turnover of £3.2m and 0.73x industry multiple (adjusted for size and gross margin).
polaris innovative technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of POLARIS INNOVATIVE TECHNOLOGIES LTD at £0 based on an EBITDA of £0 and a 4.44x industry multiple (adjusted for size and gross margin).
polaris innovative technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of POLARIS INNOVATIVE TECHNOLOGIES LTD at £23.8k based on Net Assets of £10k and 2.38x industry multiple (adjusted for liquidity).
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Polaris Innovative Technologies Ltd Overview
Polaris Innovative Technologies Ltd is a live company located in london, WC1N 3JZ with a Companies House number of 09337768. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2014, it's largest shareholder is vadimas munovas with a 100% stake. Polaris Innovative Technologies Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
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Polaris Innovative Technologies Ltd Health Check
Pomanda's financial health check has awarded Polaris Innovative Technologies Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£4.6m)
- Polaris Innovative Technologies Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.2%)
- Polaris Innovative Technologies Ltd
10.2% - Industry AVG
Production
with a gross margin of 42.3%, this company has a higher cost of product (72%)
- Polaris Innovative Technologies Ltd
72% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Polaris Innovative Technologies Ltd
- - Industry AVG
Employees
with 15 employees, this is below the industry average (42)
- Polaris Innovative Technologies Ltd
42 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)
- Polaris Innovative Technologies Ltd
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £216.6k, this is more efficient (£122.2k)
- Polaris Innovative Technologies Ltd
£122.2k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (58 days)
- Polaris Innovative Technologies Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (41 days)
- Polaris Innovative Technologies Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Polaris Innovative Technologies Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Polaris Innovative Technologies Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (63.1%)
99% - Polaris Innovative Technologies Ltd
63.1% - Industry AVG
POLARIS INNOVATIVE TECHNOLOGIES LTD financials
Polaris Innovative Technologies Ltd's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £10 thousand. According to their latest financial statements, we estimate that Polaris Innovative Technologies Ltd has 15 employees and maintains cash reserves of 0 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 | |||||||||
| 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
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | |||||||||
| Stock & work in progress | |||||||||
| Trade Debtors | 1,032,285 | 1,032,285 | 898,542 | 898,542 | 898,542 | 898,542 | 563,300 | 230,294 | 220 |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 85,483 | ||||||||
| misc current assets | |||||||||
| total current assets | 1,032,285 | 1,032,285 | 898,542 | 898,542 | 898,542 | 898,542 | 563,300 | 230,294 | 85,703 |
| total assets | 1,032,285 | 1,032,285 | 898,542 | 898,542 | 898,542 | 898,542 | 563,300 | 230,294 | 85,703 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 268,659 | 268,659 | 136,935 | 136,935 | 136,935 | 136,935 | 886,172 | 222,966 | 83,999 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 268,659 | 268,659 | 136,935 | 136,935 | 136,935 | 136,935 | 886,172 | 222,966 | 83,999 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 753,589 | 753,589 | 753,588 | 753,588 | 753,588 | 753,588 | |||
| provisions | |||||||||
| total long term liabilities | 753,589 | 753,589 | 753,588 | 753,588 | 753,588 | 753,588 | |||
| total liabilities | 1,022,248 | 1,022,248 | 890,523 | 890,523 | 890,523 | 890,523 | 886,172 | 222,966 | 83,999 |
| net assets | 10,037 | 10,037 | 8,019 | 8,019 | 8,019 | 8,019 | -322,872 | 7,328 | 1,704 |
| total shareholders funds | 10,037 | 10,037 | 8,019 | 8,019 | 8,019 | 8,019 | -322,872 | 7,328 | 1,704 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | 133,743 | 335,242 | 333,006 | 230,074 | 220 | ||||
| Creditors | 131,724 | -749,237 | 663,206 | 138,967 | 83,999 | ||||
| Accruals and Deferred Income | |||||||||
| Deferred Taxes & Provisions | |||||||||
| 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 | 1 | 753,588 | |||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -85,483 | 85,483 | |||||||
| overdraft | |||||||||
| change in cash | -85,483 | 85,483 |
polaris innovative technologies ltd Credit Report and Business Information
Polaris Innovative Technologies Ltd Competitor Analysis
Perform a competitor analysis for polaris innovative technologies ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WC1N area or any other competitors across 12 key performance metrics.
polaris innovative technologies ltd Ownership
POLARIS INNOVATIVE TECHNOLOGIES LTD group structure
Polaris Innovative Technologies Ltd has no subsidiary companies.
Ultimate parent company
POLARIS INNOVATIVE TECHNOLOGIES LTD
09337768
polaris innovative technologies ltd directors
Polaris Innovative Technologies Ltd currently has 1 director, Mr Vadimas Munovas serving since Dec 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vadimas Munovas | United Kingdom | 48 years | Dec 2014 | - | Director |
P&L
December 2023turnover
3.2m
+3%
operating profit
0
0%
gross margin
42.4%
+0.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10k
0%
total assets
1m
0%
cash
0
0%
net assets
Total assets minus all liabilities
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polaris innovative technologies ltd company details
company number
09337768
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
December 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
ormond house, 26/27 boswell street, london, england, WC1N 3JZ
Bank
-
Legal Advisor
-
polaris innovative technologies 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 polaris innovative technologies ltd.
polaris innovative technologies 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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polaris innovative technologies ltd Companies House Filings - See Documents
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