it and cloud solutions limited
it and cloud solutions limited Company Information
Company Number
09553872
Website
http://www.kubus.comRegistered Address
wellington house, cotswold business park, cirencester, GL7 6BQ
Industry
Activities of head offices
Telephone
01285771600
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
kubus holdings limited 100%
it and cloud solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IT AND CLOUD SOLUTIONS LIMITED at £212m based on a Turnover of £40.9m and 5.18x industry multiple (adjusted for size and gross margin).
it and cloud solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IT AND CLOUD SOLUTIONS LIMITED at £28.5m based on an EBITDA of £3.2m and a 8.96x industry multiple (adjusted for size and gross margin).
it and cloud solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IT AND CLOUD SOLUTIONS LIMITED at £4.2m based on Net Assets of £1.1m and 3.66x industry multiple (adjusted for liquidity).
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It And Cloud Solutions Limited Overview
It And Cloud Solutions Limited is a live company located in cirencester, GL7 6BQ with a Companies House number of 09553872. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 2015, it's largest shareholder is kubus holdings limited with a 100% stake. It And Cloud Solutions Limited is a young, large sized company, Pomanda has estimated its turnover at £40.9m with healthy growth in recent years.
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It And Cloud Solutions Limited Health Check
Pomanda's financial health check has awarded It And Cloud Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £40.9m, make it larger than the average company (£20.1m)
£40.9m - It And Cloud Solutions Limited
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.4%)
14% - It And Cloud Solutions Limited
4.4% - Industry AVG
Production
with a gross margin of 27.5%, this company has a comparable cost of product (32.7%)
27.5% - It And Cloud Solutions Limited
32.7% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (5.9%)
7.4% - It And Cloud Solutions Limited
5.9% - Industry AVG
Employees
with 79 employees, this is below the industry average (120)
79 - It And Cloud Solutions Limited
120 - Industry AVG
Pay Structure
on an average salary of £76.7k, the company has a higher pay structure (£45.4k)
£76.7k - It And Cloud Solutions Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £518k, this is more efficient (£186.1k)
£518k - It And Cloud Solutions Limited
£186.1k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (46 days)
79 days - It And Cloud Solutions Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (45 days)
118 days - It And Cloud Solutions Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (48 days)
11 days - It And Cloud Solutions Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (16 weeks)
17 weeks - It And Cloud Solutions Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.5%, this is a higher level of debt than the average (57%)
93.5% - It And Cloud Solutions Limited
57% - Industry AVG
IT AND CLOUD SOLUTIONS LIMITED financials
It And Cloud Solutions Limited's latest turnover from March 2023 is £40.9 million and the company has net assets of £1.1 million. According to their latest financial statements, It And Cloud Solutions Limited has 79 employees and maintains cash reserves of £5.4 million 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 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 40,924,000 | 30,357,000 | 23,820,000 | 27,611,000 | 27,881,000 | 32,001,000 | 41,820,000 | 44,850,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 29,677,000 | 21,456,000 | 17,411,000 | 19,823,000 | 19,486,000 | 21,109,000 | 28,755,000 | 32,333,000 |
| Gross Profit | 11,247,000 | 8,901,000 | 6,409,000 | 7,788,000 | 8,395,000 | 10,892,000 | 13,065,000 | 12,517,000 |
| Admin Expenses | 8,232,000 | 6,904,000 | 6,477,000 | 8,442,000 | 9,336,000 | 12,396,000 | 17,402,000 | 17,766,000 |
| Operating Profit | 3,015,000 | 1,997,000 | -68,000 | -654,000 | -941,000 | -1,504,000 | -4,337,000 | -5,249,000 |
| Interest Payable | 87,000 | 139,000 | 133,000 | 148,000 | 215,000 | 368,000 | 509,000 | 732,000 |
| Interest Receivable | 16,000 | 9,000 | 14,000 | 22,000 | 20,000 | 19,000 | 30,000 | 9,000 |
| Pre-Tax Profit | 2,944,000 | 1,867,000 | -187,000 | -780,000 | -1,136,000 | -1,853,000 | -4,816,000 | -5,972,000 |
| Tax | -483,000 | -75,000 | 29,000 | 134,000 | 71,000 | 492,000 | 571,000 | 753,000 |
| Profit After Tax | 2,461,000 | 1,792,000 | -158,000 | -646,000 | -1,065,000 | -1,361,000 | -4,245,000 | -5,219,000 |
| Dividends Paid | 0 | 0 | 64,000 | 55,000 | 11,000 | 0 | 132,000 | 0 |
| Retained Profit | 2,399,000 | 1,740,000 | -231,000 | -769,000 | -1,116,000 | -1,383,000 | -4,480,000 | -5,260,000 |
| Employee Costs | 6,056,000 | 5,314,000 | 4,342,000 | 5,085,000 | 5,194,000 | 6,299,000 | 7,760,000 | 8,661,000 |
| Number Of Employees | 79 | 68 | 66 | 80 | 86 | 117 | 137 | 176 |
| EBITDA* | 3,178,000 | 2,113,000 | 93,000 | 674,000 | 454,000 | 24,000 | 949,000 | -117,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 253,000 | 96,000 | 138,000 | 258,000 | 348,000 | 269,000 | 478,000 | 831,000 |
| Intangible Assets | 221,000 | 206,000 | 69,000 | 29,000 | 1,146,000 | 2,347,000 | 3,596,000 | 8,641,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,905,000 | 1,135,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,379,000 | 1,437,000 | 207,000 | 287,000 | 1,494,000 | 2,616,000 | 4,074,000 | 9,472,000 |
| Stock & work in progress | 923,000 | 330,000 | 222,000 | 612,000 | 833,000 | 1,206,000 | 1,615,000 | 2,595,000 |
| Trade Debtors | 8,869,000 | 6,238,000 | 4,106,000 | 4,736,000 | 3,906,000 | 4,914,000 | 7,560,000 | 6,466,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,566,000 | 3,332,000 | 5,513,000 | 2,833,000 | 2,336,000 | 3,159,000 | 1,819,000 | 2,835,000 |
| Cash | 5,447,000 | 1,938,000 | 4,146,000 | 1,335,000 | 670,000 | 643,000 | 1,660,000 | 435,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,805,000 | 11,838,000 | 13,987,000 | 9,516,000 | 7,745,000 | 9,922,000 | 12,654,000 | 12,331,000 |
| total assets | 22,184,000 | 13,275,000 | 14,194,000 | 9,803,000 | 9,239,000 | 12,538,000 | 16,728,000 | 21,803,000 |
| Bank overdraft | 0 | 284,000 | 1,237,000 | 1,775,000 | 2,398,000 | 2,470,000 | 4,035,000 | 3,412,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,653,000 | 4,962,000 | 3,061,000 | 3,872,000 | 2,643,000 | 3,103,000 | 5,050,000 | 6,548,000 |
| Group/Directors Accounts | 1,267,000 | 1,267,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 4,747,000 | 73,000 | 45,000 | 155,000 | 1,938,000 | 1,818,000 |
| hp & lease commitments | 0 | 0 | 9,000 | 12,000 | 6,000 | 0 | 0 | 0 |
| other current liabilities | 5,657,000 | 4,178,000 | 4,218,000 | 3,657,000 | 3,340,000 | 4,859,000 | 4,318,000 | 5,066,000 |
| total current liabilities | 16,577,000 | 10,691,000 | 13,272,000 | 9,389,000 | 8,432,000 | 10,587,000 | 15,341,000 | 16,844,000 |
| loans | 1,504,000 | 1,783,000 | 3,277,000 | 3,104,000 | 2,213,000 | 1,660,000 | 283,000 | 2,285,000 |
| hp & lease commitments | 0 | 0 | 6,000 | 16,000 | 7,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,663,000 | 1,546,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 195,000 | 389,000 | 0 | 0 |
| total long term liabilities | 4,167,000 | 3,329,000 | 3,283,000 | 3,120,000 | 2,415,000 | 2,049,000 | 283,000 | 2,285,000 |
| total liabilities | 20,744,000 | 14,020,000 | 16,555,000 | 12,509,000 | 10,847,000 | 12,636,000 | 15,624,000 | 19,129,000 |
| net assets | 1,139,000 | -995,000 | -2,545,000 | -2,933,000 | -1,856,000 | -270,000 | 904,000 | 2,462,000 |
| total shareholders funds | 1,139,000 | -995,000 | -2,545,000 | -2,933,000 | -1,856,000 | -270,000 | 904,000 | 2,462,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 3,015,000 | 1,997,000 | -68,000 | -654,000 | -941,000 | -1,504,000 | -4,337,000 | -5,249,000 |
| Depreciation | 74,000 | 80,000 | 151,000 | 178,000 | 194,000 | 302,000 | 402,000 | 397,000 |
| Amortisation | 89,000 | 36,000 | 10,000 | 1,150,000 | 1,201,000 | 1,226,000 | 4,884,000 | 4,735,000 |
| Tax | -483,000 | -75,000 | 29,000 | 134,000 | 71,000 | 492,000 | 571,000 | 753,000 |
| Stock | 593,000 | 108,000 | -390,000 | -221,000 | -373,000 | -409,000 | -980,000 | 2,595,000 |
| Debtors | 4,635,000 | 1,086,000 | 2,050,000 | 1,327,000 | -1,831,000 | -1,306,000 | 78,000 | 9,301,000 |
| Creditors | 4,691,000 | 1,901,000 | -811,000 | 1,229,000 | -460,000 | -1,947,000 | -1,498,000 | 6,548,000 |
| Accruals and Deferred Income | 2,596,000 | 1,506,000 | 561,000 | 317,000 | -1,519,000 | 541,000 | -748,000 | 5,066,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -195,000 | -194,000 | 389,000 | 0 | 0 |
| Cash flow from operations | 4,754,000 | 4,251,000 | -1,788,000 | 1,053,000 | 556,000 | 1,214,000 | 176,000 | 354,000 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -69,000 | -59,000 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -69,000 | -59,000 | 0 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 1,267,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -4,747,000 | 4,674,000 | 28,000 | -110,000 | -1,783,000 | 120,000 | 1,818,000 |
| Long term loans | -279,000 | -1,494,000 | 173,000 | 891,000 | 553,000 | 1,377,000 | -2,002,000 | 2,285,000 |
| Hire Purchase and Lease Commitments | 0 | -15,000 | -13,000 | 15,000 | 13,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -71,000 | -130,000 | -119,000 | -126,000 | -195,000 | -349,000 | -479,000 | -723,000 |
| cash flow from financing | -615,000 | -5,309,000 | 5,334,000 | 500,000 | -209,000 | -546,000 | 561,000 | 11,102,000 |
| cash and cash equivalents | ||||||||
| cash | 3,509,000 | -2,208,000 | 2,811,000 | 665,000 | 27,000 | -1,017,000 | 1,225,000 | 435,000 |
| overdraft | -284,000 | -953,000 | -538,000 | -623,000 | -72,000 | -1,565,000 | 623,000 | 3,412,000 |
| change in cash | 3,793,000 | -1,255,000 | 3,349,000 | 1,288,000 | 99,000 | 548,000 | 602,000 | -2,977,000 |
it and cloud solutions limited Credit Report and Business Information
It And Cloud Solutions Limited Competitor Analysis
Perform a competitor analysis for it and cloud solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
it and cloud solutions limited Ownership
IT AND CLOUD SOLUTIONS LIMITED group structure
It And Cloud Solutions Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
IT AND CLOUD SOLUTIONS LIMITED
09553872
4 subsidiaries
it and cloud solutions limited directors
It And Cloud Solutions Limited currently has 3 directors. The longest serving directors include Mr Rory Sweet (Apr 2015) and Mr Stewart Holness (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rory Sweet | 57 years | Apr 2015 | - | Director | |
| Mr Stewart Holness | England | 58 years | Apr 2015 | - | Director |
| Mr Duncan Imrie | United Kingdom | 43 years | Nov 2020 | - | Director |
P&L
March 2023turnover
40.9m
+35%
operating profit
3m
+51%
gross margin
27.5%
-6.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.1m
-2.14%
total assets
22.2m
+0.67%
cash
5.4m
+1.81%
net assets
Total assets minus all liabilities
it and cloud solutions limited company details
company number
09553872
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
April 2015
age
9
accounts
Group
ultimate parent company
previous names
hardware holdings limited (November 2019)
incorporated
UK
address
wellington house, cotswold business park, cirencester, GL7 6BQ
last accounts submitted
March 2023
it and cloud solutions 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 7 charges/mortgages relating to it and cloud solutions limited. Currently there are 2 open charges and 5 have been satisfied in the past.
it and cloud solutions limited Companies House Filings - See Documents
| date | description | view/download |
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