Pomanda estimates the enterprise value of STRAIGHTFORWARD INNOVATIVE SOFTWARE SOLUTIONS LTD at £33.5k based on a Turnover of £43.3k and 0.77x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of STRAIGHTFORWARD INNOVATIVE SOFTWARE SOLUTIONS LTD at £103.6k based on an EBITDA of £22.4k and a 4.62x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of STRAIGHTFORWARD INNOVATIVE SOFTWARE SOLUTIONS LTD at £58.6k based on Net Assets of £24.8k and 2.36x industry multiple (adjusted for liquidity).
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Straightforward Innovative Software Solutions Ltd is a live company located in norwich, NR6 6BB with a Companies House number of 10537953. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2016, it's largest shareholder is
martyn james ling
with a 50% stake. Straightforward Innovative Software Solutions Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£43.3k with
rapid
growth in recent years.
Straightforward Innovative Software Solutions Ltd Health Check
Pomanda's financial health check has awarded Straightforward Innovative Software Solutions Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £43.3k, make it smaller than the average company (£4.6m)
Straightforward Innovative Software Solutions Ltd's latest turnover from December 2023 is estimated at £43.3 thousand and the company has net assets of £24.8 thousand. According to their latest financial statements, we estimate that Straightforward Innovative Software Solutions Ltd has 1 employee and maintains cash reserves of £35.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Turnover
43,325
423
710
42
27,909
58,921
Other Income Or Grants
Cost Of Sales
12,261
122
192
12
7,533
16,135
Gross Profit
31,064
301
518
30
20,376
42,786
Admin Expenses
9,101
-5,167
2,705
8,810
35,095
13,284
-4,383
Operating Profit
21,963
5,468
-2,187
-8,780
-14,719
29,502
4,383
Interest Payable
Interest Receivable
1,525
650
41
21
201
146
23
Pre-Tax Profit
23,488
6,117
-2,146
-8,759
-14,518
29,648
4,406
Tax
-5,872
-1,162
-5,633
-837
Profit After Tax
17,616
4,955
-2,146
-8,759
-14,518
24,015
3,569
Dividends Paid
Retained Profit
17,616
4,955
-2,146
-8,759
-14,518
24,015
3,569
Employee Costs
71,808
68,087
63,310
60,216
62,056
61,593
Number Of Employees
1
1
1
1
1
1
EBITDA*
22,444
6,211
-1,415
-7,734
-13,979
30,206
4,571
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
2,178
281
1,024
1,796
1,151
1,242
1,946
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,178
281
1,024
1,796
1,151
1,242
1,946
Stock & work in progress
Trade Debtors
8,052
115
5,783
12,320
Group Debtors
Misc Debtors
798
357
598
342
115
234
593
Cash
35,765
22,326
14,802
17,650
23,956
29,689
9,255
misc current assets
total current assets
44,615
22,683
15,515
17,992
29,854
42,243
9,848
total assets
46,793
22,964
16,539
19,788
31,005
43,485
11,794
Bank overdraft
Bank loan
Trade Creditors
201
192
18
22
67
Group/Directors Accounts
5
5
5
7
154
362
364
other short term finances
hp & lease commitments
other current liabilities
21,313
15,498
14,078
15,015
17,467
15,136
7,391
total current liabilities
21,519
15,695
14,083
15,040
17,643
15,565
7,755
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
442
53
195
341
196
236
370
total long term liabilities
442
53
195
341
196
236
370
total liabilities
21,961
15,748
14,278
15,381
17,839
15,801
8,125
net assets
24,832
7,216
2,261
4,407
13,166
27,684
3,669
total shareholders funds
24,832
7,216
2,261
4,407
13,166
27,684
3,669
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
21,963
5,468
-2,187
-8,780
-14,719
29,502
4,383
Depreciation
481
743
772
1,046
740
704
188
Amortisation
Tax
-5,872
-1,162
-5,633
-837
Stock
Debtors
8,493
-356
371
-5,556
-6,656
11,961
593
Creditors
9
192
-18
-4
-45
67
Accruals and Deferred Income
5,815
1,420
-937
-2,452
2,331
7,745
7,391
Deferred Taxes & Provisions
389
-142
-146
145
-40
-134
370
Cash flow from operations
14,292
6,875
-2,887
-4,489
-5,077
20,290
10,902
Investing Activities
capital expenditure
-2,378
-1,691
-649
-2,134
Change in Investments
cash flow from investments
-2,378
-1,691
-649
-2,134
Financing Activities
Bank loans
Group/Directors Accounts
-2
-147
-208
-2
364
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
1,525
650
41
21
201
146
23
cash flow from financing
1,525
650
39
-126
-7
144
487
cash and cash equivalents
cash
13,439
7,524
-2,848
-6,306
-5,733
20,434
9,255
overdraft
change in cash
13,439
7,524
-2,848
-6,306
-5,733
20,434
9,255
straightforward innovative software solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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