Pomanda estimates the enterprise value of SK IT SOLUTIONS LTD at £178.2k based on a Turnover of £380.6k and 0.47x industry multiple (adjusted for size and gross margin).
sk it solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of SK IT SOLUTIONS LTD at £0 based on an EBITDA of £-111 and a 3.18x industry multiple (adjusted for size and gross margin).
sk it solutions ltdEstimated Valuation
£1.5k
Pomanda estimates the enterprise value of SK IT SOLUTIONS LTD at £1.5k based on Net Assets of £665 and 2.26x industry multiple (adjusted for liquidity).
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Sk It Solutions LtdOverview
Sk It Solutions Ltd is a live company located in 1000 great west road, TW8 9DW with a Companies House number of 09373437. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2015, it's largest shareholder is
suresh kumar behara
with a 100% stake. Sk It Solutions Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£380.6k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Sk It Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £380.6k, make it smaller than the average company (£1.4m)
£380.6k - Sk It Solutions Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 88%, show it is growing at a faster rate (9.3%)
88% - Sk It Solutions Ltd
9.3% - Industry AVG
Production
with a gross margin of 23.6%, this company has a higher cost of product (43.8%)
23.6% - Sk It Solutions Ltd
43.8% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6.1%)
0% - Sk It Solutions Ltd
6.1% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (12)
13 - Sk It Solutions Ltd
12 - Industry AVG
Pay Structure
on an average salary of £59.6k, the company has an equivalent pay structure (£59.6k)
£59.6k - Sk It Solutions Ltd
£59.6k - Industry AVG
Efficiency
resulting in sales per employee of £29.3k, this is less efficient (£130.9k)
£29.3k - Sk It Solutions Ltd
£130.9k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (62 days)
39 days - Sk It Solutions Ltd
62 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (28 days)
41 days - Sk It Solutions Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sk It Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 33 weeks, this is more cash available to meet short term requirements (17 weeks)
33 weeks - Sk It Solutions Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.9%, this is a higher level of debt than the average (55.3%)
98.9% - Sk It Solutions Ltd
55.3% - Industry AVG
SK IT SOLUTIONS LTD financials
EXPORT
Sk It Solutions Ltd's latest turnover from March 2024 is estimated at £380.6 thousand and the company has net assets of £665. According to their latest financial statements, Sk It Solutions Ltd has 13 employees and maintains cash reserves of £20.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Turnover
380,599
193,738
39,168
56,883
54,126
25,036
25,202
54,291
Other Income Or Grants
Cost Of Sales
290,841
144,729
28,932
42,176
38,974
17,835
17,809
37,456
Gross Profit
89,758
49,009
10,236
14,707
15,153
7,201
7,393
16,834
Admin Expenses
89,967
58,412
3,804
10,103
15,636
6,704
294
26,625
-4,992
Operating Profit
-209
-9,403
6,432
4,604
-483
497
7,099
-9,791
4,992
Interest Payable
Interest Receivable
833
468
93
12
6
54
50
23
28
Pre-Tax Profit
624
-8,935
6,525
4,616
-477
551
7,149
-9,768
5,020
Tax
-156
-1,240
-877
-105
-1,358
-1,004
Profit After Tax
468
-8,935
5,285
3,739
-477
446
5,791
-9,768
4,016
Dividends Paid
Retained Profit
468
-8,935
5,285
3,739
-477
446
5,791
-9,768
4,016
Employee Costs
775,163
392,941
51,534
47,894
48,075
56,266
51,014
113,911
Number Of Employees
13
7
1
1
1
1
1
2
EBITDA*
-112
-9,284
6,578
4,781
-218
744
7,142
-9,737
5,060
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Tangible Assets
445
542
661
807
984
1,249
174
217
271
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
445
542
661
807
984
1,249
174
217
271
Stock & work in progress
Trade Debtors
40,849
17,839
11,362
20,713
9,180
699
Group Debtors
Misc Debtors
100
Cash
20,829
10,903
11,133
13,618
9,764
1,310
13,023
7,078
11,078
misc current assets
1
total current assets
61,678
28,742
22,495
34,331
9,764
10,490
13,023
7,777
11,179
total assets
62,123
29,284
23,156
35,138
10,748
11,739
13,197
7,994
11,450
Bank overdraft
Bank loan
Trade Creditors
32,679
19,532
1,274
16,291
10,640
11,154
13,058
13,646
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
7,334
total current liabilities
32,679
19,532
1,274
16,291
10,640
11,154
13,058
13,646
7,334
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
28,183
9,555
12,750
15,000
provisions
596
total long term liabilities
28,779
9,555
12,750
15,000
total liabilities
61,458
29,087
14,024
31,291
10,640
11,154
13,058
13,646
7,334
net assets
665
197
9,132
3,847
108
585
139
-5,652
4,116
total shareholders funds
665
197
9,132
3,847
108
585
139
-5,652
4,116
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Operating Activities
Operating Profit
-209
-9,403
6,432
4,604
-483
497
7,099
-9,791
4,992
Depreciation
97
119
146
177
265
247
43
54
68
Amortisation
Tax
-156
-1,240
-877
-105
-1,358
-1,004
Stock
Debtors
23,010
6,477
-9,351
20,713
-9,180
9,180
-699
599
100
Creditors
13,147
18,258
-15,017
5,651
-514
-1,904
-588
13,646
Accruals and Deferred Income
-7,334
7,334
Deferred Taxes & Provisions
596
Cash flow from operations
-9,535
2,497
-328
-11,158
8,448
-10,445
5,895
-4,024
11,290
Investing Activities
capital expenditure
-1,322
-339
Change in Investments
cash flow from investments
-1,322
-339
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
18,628
-3,195
-2,250
15,000
share issue
100
interest
833
468
93
12
6
54
50
23
28
cash flow from financing
19,461
-2,727
-2,157
15,012
6
54
50
23
128
cash and cash equivalents
cash
9,926
-230
-2,485
3,854
8,454
-11,713
5,945
-4,000
11,078
overdraft
change in cash
9,926
-230
-2,485
3,854
8,454
-11,713
5,945
-4,000
11,078
sk it solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for sk it solutions ltd. Get real-time insights into sk it solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for sk it solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TW8 area or any other competitors across 12 key performance metrics.
sk it solutions ltd Ownership
SK IT SOLUTIONS LTD group structure
Sk It Solutions Ltd has no subsidiary companies.
Ultimate parent company
SK IT SOLUTIONS LTD
09373437
SK IT SOLUTIONS LTD Shareholders
The sole shareholder of Sk It Solutions Ltd is Suresh Kumar Behara.
suresh kumar behara
100%
sk it solutions ltd directors
Sk It Solutions Ltd currently has 1 director, Mr Suresh Behara serving since Jan 2015.
ubc 1st floor the mille, 1000 great west road, TW8 9DW
Bank
-
Legal Advisor
-
sk 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 sk it solutions ltd.
sk it solutions ltd Capital Raised & Share Issues BETA
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sk it solutions ltdCompanies House Filings - See Documents
