asalite limited
asalite limited Company Information
Company Number
09880849
Website
-Registered Address
1st floor north westgate house, the high, harlow, CM20 1YS
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
tirimisiyu adenrele oladiti 100%
asalite limited Estimated Valuation
Pomanda estimates the enterprise value of ASALITE LIMITED at £14k based on a Turnover of £26.8k and 0.52x industry multiple (adjusted for size and gross margin).
asalite limited Estimated Valuation
Pomanda estimates the enterprise value of ASALITE LIMITED at £0 based on an EBITDA of £-818 and a 3.73x industry multiple (adjusted for size and gross margin).
asalite limited Estimated Valuation
Pomanda estimates the enterprise value of ASALITE LIMITED at £0 based on Net Assets of £-2.3k and 2.22x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Asalite Limited Overview
Asalite Limited is a live company located in harlow, CM20 1YS with a Companies House number of 09880849. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 2015, it's largest shareholder is tirimisiyu adenrele oladiti with a 100% stake. Asalite Limited is a young, micro sized company, Pomanda has estimated its turnover at £26.8k with healthy growth in recent years.
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Asalite Limited Health Check
Pomanda's financial health check has awarded Asalite 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 £26.8k, make it smaller than the average company (£1m)
- Asalite Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.9%)
- Asalite Limited
6.9% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (48.8%)
- Asalite Limited
48.8% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (7.3%)
- Asalite Limited
7.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
- Asalite Limited
9 - Industry AVG
Pay Structure
on an average salary of £54.3k, the company has an equivalent pay structure (£54.3k)
- Asalite Limited
£54.3k - Industry AVG
Efficiency
resulting in sales per employee of £26.8k, this is less efficient (£124.9k)
- Asalite Limited
£124.9k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is later than average (64 days)
- Asalite Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 203 days, this is slower than average (29 days)
- Asalite Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Asalite Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Asalite Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.8%, this is a higher level of debt than the average (56.5%)
125.8% - Asalite Limited
56.5% - Industry AVG
ASALITE LIMITED financials
Asalite Limited's latest turnover from November 2023 is estimated at £26.8 thousand and the company has net assets of -£2.3 thousand. According to their latest financial statements, we estimate that Asalite Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,808 | 0 | 1 | 10 | 9 | 8 | 8,299 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,201 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,808 | 0 | 1 | 10 | 9 | 8 | 8,299 | 12,201 |
| total assets | 8,808 | 0 | 1 | 10 | 9 | 8 | 8,299 | 12,201 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,082 | 1,456 | 1,394 | 1,340 | 1,276 | 1,212 | 8,298 | 12,200 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 11,082 | 1,456 | 1,394 | 1,340 | 1,276 | 1,212 | 8,298 | 12,200 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,082 | 1,456 | 1,394 | 1,340 | 1,276 | 1,212 | 8,298 | 12,200 |
| net assets | -2,274 | -1,456 | -1,393 | -1,330 | -1,267 | -1,204 | 1 | 1 |
| total shareholders funds | -2,274 | -1,456 | -1,393 | -1,330 | -1,267 | -1,204 | 1 | 1 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 8,808 | -1 | -9 | 1 | 1 | -8,291 | 8,299 | 0 |
| Creditors | 9,626 | 62 | 54 | 64 | 64 | -7,086 | -3,902 | 12,200 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -12,201 | 12,201 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -12,201 | 12,201 |
asalite limited Credit Report and Business Information
Asalite Limited Competitor Analysis
Perform a competitor analysis for asalite limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CM20 area or any other competitors across 12 key performance metrics.
asalite limited Ownership
ASALITE LIMITED group structure
Asalite Limited has no subsidiary companies.
Ultimate parent company
ASALITE LIMITED
09880849
asalite limited directors
Asalite Limited currently has 2 directors. The longest serving directors include Mr Tirimisiyu Oladiti (May 2016) and Haneefat Oladiti (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tirimisiyu Oladiti | United Kingdom | 56 years | May 2016 | - | Director |
| Haneefat Oladiti | England | 50 years | May 2018 | - | Director |
P&L
November 2023turnover
26.8k
-43%
operating profit
-818
0%
gross margin
26.1%
-6.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-2.3k
+0.56%
total assets
8.8k
0%
cash
0
0%
net assets
Total assets minus all liabilities
asalite limited company details
company number
09880849
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
November 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
aacsl mortgage services ltd (May 2016)
last accounts submitted
November 2023
address
1st floor north westgate house, the high, harlow, CM20 1YS
accountant
-
auditor
-
asalite 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 asalite limited.
asalite limited Companies House Filings - See Documents
| date | description | view/download |
|---|
