itt solution ltd
itt solution ltd Company Information
Company Number
10396472
Website
ittsolution.comRegistered Address
office 7 35-37 ludgate hill, london, united kingdom, EC4M 7JN
Industry
Other information technology and computer service activities
Telephone
02466759966
Next Accounts Due
June 2025
Group Structure
View All
Directors
Walid Abusetta1 Years
Shareholders
walid mof abusetta 100%
itt solution ltd Estimated Valuation
Pomanda estimates the enterprise value of ITT SOLUTION LTD at £31.3k based on a Turnover of £60.3k and 0.52x industry multiple (adjusted for size and gross margin).
itt solution ltd Estimated Valuation
Pomanda estimates the enterprise value of ITT SOLUTION LTD at £0 based on an EBITDA of £-6.2k and a 3.62x industry multiple (adjusted for size and gross margin).
itt solution ltd Estimated Valuation
Pomanda estimates the enterprise value of ITT SOLUTION LTD at £16.2k based on Net Assets of £7k and 2.3x industry multiple (adjusted for liquidity).
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Itt Solution Ltd Overview
Itt Solution Ltd is a live company located in united kingdom, EC4M 7JN with a Companies House number of 10396472. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 2016, it's largest shareholder is walid mof abusetta with a 100% stake. Itt Solution Ltd is a young, micro sized company, Pomanda has estimated its turnover at £60.3k with declining growth in recent years.
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Itt Solution Ltd Health Check
Pomanda's financial health check has awarded Itt Solution Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £60.3k, make it smaller than the average company (£6.7m)
- Itt Solution Ltd
£6.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.5%)
- Itt Solution Ltd
6.5% - Industry AVG
Production
with a gross margin of 25.7%, this company has a higher cost of product (49.7%)
- Itt Solution Ltd
49.7% - Industry AVG
Profitability
an operating margin of -10.4% make it less profitable than the average company (3.3%)
- Itt Solution Ltd
3.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - Itt Solution Ltd
43 - Industry AVG
Pay Structure
on an average salary of £69.4k, the company has an equivalent pay structure (£69.4k)
- Itt Solution Ltd
£69.4k - Industry AVG
Efficiency
resulting in sales per employee of £60.3k, this is less efficient (£163.9k)
- Itt Solution Ltd
£163.9k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (55 days)
- Itt Solution Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (34 days)
- Itt Solution Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Itt Solution Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Itt Solution Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.6%, this is a similar level of debt than the average (63.4%)
60.6% - Itt Solution Ltd
63.4% - Industry AVG
ITT SOLUTION LTD financials
Itt Solution Ltd's latest turnover from September 2023 is estimated at £60.3 thousand and the company has net assets of £7 thousand. According to their latest financial statements, Itt Solution Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,416 | 599 | 748 | 0 | 0 | 1,502 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,416 | 599 | 748 | 0 | 0 | 1,502 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 13,393 | 23,606 | 30,164 | 32,081 | 7,033 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 12,126 | 235 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 393 | 2,339 |
| total current assets | 13,393 | 23,606 | 30,164 | 32,081 | 7,033 | 12,519 | 2,574 |
| total assets | 17,809 | 24,205 | 30,912 | 32,081 | 7,033 | 14,021 | 2,574 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,429 | 9,579 | 11,178 | 13,900 | 66 | 1,288 | 600 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 2,336 | 1,161 |
| total current liabilities | 9,429 | 9,579 | 11,178 | 13,900 | 66 | 3,624 | 1,761 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,362 | 1,362 | 1,549 | 1,330 | 2,600 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,362 | 1,362 | 1,549 | 1,330 | 2,600 | 0 | 0 |
| total liabilities | 10,791 | 10,941 | 12,727 | 15,230 | 2,666 | 3,624 | 1,761 |
| net assets | 7,018 | 13,264 | 18,185 | 16,851 | 4,367 | 10,397 | 813 |
| total shareholders funds | 7,018 | 13,264 | 18,185 | 16,851 | 4,367 | 10,397 | 813 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 375 | ||||
| Amortisation | 0 | 0 | 0 | ||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,213 | -6,558 | -1,917 | 25,048 | 7,033 | 0 | 0 |
| Creditors | -150 | -1,599 | -2,722 | 13,834 | -1,222 | 688 | 600 |
| Accruals and Deferred Income | 0 | -187 | 219 | -1,270 | 264 | 1,175 | 1,161 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | -12,126 | 11,891 | 235 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -12,126 | 11,891 | 235 |
itt solution ltd Credit Report and Business Information
Itt Solution Ltd Competitor Analysis
Perform a competitor analysis for itt solution ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC4M area or any other competitors across 12 key performance metrics.
itt solution ltd Ownership
ITT SOLUTION LTD group structure
Itt Solution Ltd has no subsidiary companies.
Ultimate parent company
ITT SOLUTION LTD
10396472
itt solution ltd directors
Itt Solution Ltd currently has 1 director, Mr Walid Abusetta serving since Jan 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Walid Abusetta | England | 42 years | Jan 2023 | - | Director |
P&L
September 2023turnover
60.3k
-24%
operating profit
-6.2k
0%
gross margin
25.8%
-5.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
7k
-0.47%
total assets
17.8k
-0.26%
cash
0
0%
net assets
Total assets minus all liabilities
itt solution ltd company details
company number
10396472
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 2016
age
8
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
office 7 35-37 ludgate hill, london, united kingdom, EC4M 7JN
accountant
-
auditor
-
itt solution 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 itt solution ltd.
itt solution ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
