Be-iq Solutions Ltd

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SOLUTIONS

be-iq solutions ltd Company Information

Company Number

10350758

Next Accounts

Mar 2025

Directors

Michael Free

Shareholders

be-iq ltd

Group Structure

View All

Industry

Other activities auxiliary to financial services, except insurance and pension funding

Registered Address

86-90 paul street, london, EC2A 4NE

Website

www.beiq.co.uk

be-iq solutions ltd Estimated Valuation

£494.6k

Pomanda estimates the enterprise value of BE-IQ SOLUTIONS LTD at £494.6k based on an EBITDA of £140.2k and a 3.53x industry multiple (adjusted for size and gross margin).

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Be-iq Solutions Ltd is a live company located in london, EC2A 4NE with a Companies House number of 10350758. It operates in the activities auxiliary to financial intermediation n.e.c. sector, SIC Code 66190. Founded in August 2016, it's largest shareholder is be-iq ltd with a 100% stake. Be-iq Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £6.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Be-Iq Solutions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £6.4k, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (7.7%)

EXPORT

Be-Iq Solutions Ltd's latest turnover from June 2023 is estimated at £6.4 thousand and the company has net assets of £173.3 thousand. According to their latest financial statements, we estimate that Be-Iq Solutions Ltd has 1 employee and maintains cash reserves of £5.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018
Turnover	6,425	190,535	39,438	22,533		1,753,016
Other Income Or Grants
Cost Of Sales	1,656	33,934	7,046	3,826		206,541
Gross Profit	4,769	156,601	32,392	18,708		1,546,475
Admin Expenses	-135,448	50,224	-56,315	69,865	28,831	1,557,100
Operating Profit	140,217	106,377	88,707	-51,157	-28,831	-10,625
Interest Payable
Interest Receivable	824	172	1	1	1
Pre-Tax Profit	141,041	106,549	88,707	-51,156	-28,830	-10,625
Tax	-35,260	-20,244	-16,854
Profit After Tax	105,781	86,305	71,853	-51,156	-28,830	-10,625
Dividends Paid
Retained Profit	105,781	86,305	71,853	-51,156	-28,830	-10,625
Employee Costs	69,495	128,443	57,387	58,271		880,767
Number Of Employees	1	2	1	1		16
EBITDA*	140,217	106,377	88,707	-51,157	-28,831	-10,625

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Mar 2017
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors	622	23,422	5,415	2,765		188,990
Group Debtors	234,251	75,699	15,572				1
Misc Debtors			745	10,807	6,442
Cash	5,607	27,348	165	950	278	25
misc current assets
total current assets	240,480	126,469	21,897	14,522	6,720	189,015	1
total assets	240,480	126,469	21,897	14,522	6,720	189,015	1
Bank overdraft
Bank loan
Trade Creditors	1,807	1,807	5,044	5,026
Group/Directors Accounts	1,421	1,421	1,421	96,447	9,410	141,726
other short term finances
hp & lease commitments
other current liabilities	63,923	55,693	34,189	3,659	36,764	57,913
total current liabilities	67,151	58,921	40,654	105,132	46,174	199,639
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	67,151	58,921	40,654	105,132	46,174	199,639
net assets	173,329	67,548	-18,757	-90,610	-39,454	-10,624	1
total shareholders funds	173,329	67,548	-18,757	-90,610	-39,454	-10,624	1

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Mar 2017
Operating Activities
Operating Profit	140,217	106,377	88,707	-51,157	-28,831	-10,625
Depreciation
Amortisation
Tax	-35,260	-20,244	-16,854
Stock
Debtors	135,752	77,389	8,160	7,130	-182,548	188,989	1
Creditors		-3,237	18	5,026
Accruals and Deferred Income	8,230	21,504	30,530	-33,105	-21,149	57,913
Deferred Taxes & Provisions
Cash flow from operations	-22,565	27,011	94,241	-86,366	132,568	-141,701	-1
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts			-95,026	87,037	-132,316	141,726
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							1
interest	824	172	1	1	1
cash flow from financing	824	172	-95,025	87,038	-132,315	141,726	1
cash and cash equivalents
cash	-21,741	27,183	-785	672	253	25
overdraft
change in cash	-21,741	27,183	-785	672	253	25

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for be-iq solutions ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.

BE-IQ SOLUTIONS LTD group structure

Be-Iq Solutions Ltd has no subsidiary companies.

Ultimate parent company

BE-IQ LTD

08492780

1 parent

BE-IQ SOLUTIONS LTD

10350758

BE-IQ SOLUTIONS LTD Shareholders

be-iq ltd

100%

Be-Iq Solutions Ltd currently has 1 director, Mr Michael Free serving since Aug 2016.

officer	country	age	start	end	role
Mr Michael Free	United Kingdom	60 years	Aug 2016	-	Director

P&L

June 2023

turnover

6.4k

-97%

operating profit

140.2k

gross margin

74.3%

-9.68%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

173.3k

+1.57%

total assets

240.5k

+0.9%

cash

5.6k

-0.79%

net assets

Total assets minus all liabilities

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company number

10350758

Type

Private limited with Share Capital

industry

66190 - Other activities auxiliary to financial services, except insurance and pension funding

incorporation date

August 2016

ultimate parent company

BE-IQ LTD

previous names

suitable strategies solutions ltd (August 2017)

address

86-90 paul street, london, EC2A 4NE

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 be-iq solutions ltd.

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be-iq solutions ltd Company Information

be-iq solutions ltd Estimated Valuation

be-iq solutions ltd Estimated Valuation

be-iq solutions ltd Estimated Valuation

Be-iq Solutions Ltd Overview

Be-iq Solutions Ltd Health Check

BE-IQ SOLUTIONS LTD financials

be-iq solutions ltd Credit Report and Business Information

Be-iq Solutions Ltd Competitor Analysis

be-iq solutions ltd Ownership

be-iq solutions ltd directors

be-iq solutions ltd company details

be-iq solutions ltd Charges & Mortgages

be-iq solutions ltd Capital Raised & Share Issues BETA

be-iq solutions ltd Companies House Filings - See Documents