addvantage technologies ltd
addvantage technologies ltd Company Information
Group Structure
View All
Industry
Business and domestic software development
+3Registered Address
the old town hall, 71 christchurch road, ringwood, BH24 1DH
Website
-addvantage technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ADDVANTAGE TECHNOLOGIES LTD at £371.6k based on a Turnover of £533.8k and 0.7x industry multiple (adjusted for size and gross margin).
addvantage technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ADDVANTAGE TECHNOLOGIES LTD at £266.4k based on an EBITDA of £55k and a 4.84x industry multiple (adjusted for size and gross margin).
addvantage technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ADDVANTAGE TECHNOLOGIES LTD at £458.2k based on Net Assets of £190.5k and 2.41x industry multiple (adjusted for liquidity).
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Addvantage Technologies Ltd Overview
Addvantage Technologies Ltd is a live company located in ringwood, BH24 1DH with a Companies House number of 10592069. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2017, it's largest shareholder is suhel ahmed with a 100% stake. Addvantage Technologies Ltd is a young, small sized company, Pomanda has estimated its turnover at £533.8k with declining growth in recent years.
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Addvantage Technologies Ltd Health Check
Pomanda's financial health check has awarded Addvantage Technologies Ltd a 1 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 £533.8k, make it smaller than the average company (£2.9m)
- Addvantage Technologies Ltd
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (6.5%)
- Addvantage Technologies Ltd
6.5% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
- Addvantage Technologies Ltd
56.7% - Industry AVG
Profitability
an operating margin of -54.4% make it less profitable than the average company (5.7%)
- Addvantage Technologies Ltd
5.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (21)
9 - Addvantage Technologies Ltd
21 - Industry AVG
Pay Structure
on an average salary of £59.3k, the company has an equivalent pay structure (£59.3k)
- Addvantage Technologies Ltd
£59.3k - Industry AVG
Efficiency
resulting in sales per employee of £59.3k, this is less efficient (£130.7k)
- Addvantage Technologies Ltd
£130.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (63 days)
- Addvantage Technologies Ltd
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Addvantage Technologies Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Addvantage Technologies Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (21 weeks)
8 weeks - Addvantage Technologies Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.3%, this is a higher level of debt than the average (59.4%)
83.3% - Addvantage Technologies Ltd
59.4% - Industry AVG
ADDVANTAGE TECHNOLOGIES LTD financials
Addvantage Technologies Ltd's latest turnover from March 2023 is estimated at £533.8 thousand and the company has net assets of £190.5 thousand. According to their latest financial statements, Addvantage Technologies Ltd has 9 employees and maintains cash reserves of £15.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | May 2020 | May 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| 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 | 9 | 15 | 7 | 7 | 5 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | May 2020 | May 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,603 | 8,989 | 10,266 | 6,383 | 8,617 | 7,668 |
| Intangible Assets | 1,030,394 | 1,062,109 | 707,259 | 678,212 | 507,080 | 218,349 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,034,997 | 1,071,098 | 717,525 | 684,595 | 515,697 | 226,017 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,936 | 60,613 | 185,369 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 81,066 | 503,836 | 146,711 | 47,144 | 72,529 | 53,542 |
| Cash | 15,400 | 26,742 | 99,478 | 66,380 | 2,360 | 7,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 104,402 | 591,191 | 431,558 | 113,524 | 74,889 | 60,542 |
| total assets | 1,139,399 | 1,662,289 | 1,149,083 | 798,119 | 590,586 | 286,559 |
| Bank overdraft | 11,413 | 10,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,354 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 101,500 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 85,370 | 243,591 | 22,210 | 36,960 | 11,948 | 6,622 |
| total current liabilities | 96,783 | 357,445 | 22,210 | 36,960 | 11,948 | 6,622 |
| loans | 21,667 | 31,667 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 830,452 | 789,111 | 713,711 | 582,574 | 486,625 | 248,893 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 852,119 | 820,778 | 763,711 | 582,574 | 486,625 | 248,893 |
| total liabilities | 948,902 | 1,178,223 | 785,921 | 619,534 | 498,573 | 255,515 |
| net assets | 190,497 | 484,066 | 363,162 | 178,585 | 92,013 | 31,044 |
| total shareholders funds | 190,497 | 484,066 | 363,162 | 178,585 | 92,013 | 31,044 |
| Mar 2023 | Mar 2022 | Mar 2021 | May 2020 | May 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 4,386 | 4,385 | 3,764 | 2,234 | 1,704 | 852 |
| Amortisation | 341,271 | 311,357 | 178,116 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -475,447 | 232,369 | 284,936 | -25,385 | 18,987 | 53,542 |
| Creditors | -2,354 | 2,354 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -158,221 | 221,381 | -14,750 | 25,012 | 5,326 | 6,622 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -101,500 | 101,500 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -18,333 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 41,341 | 75,400 | 131,137 | 95,949 | 237,732 | 248,893 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -11,342 | -72,736 | 33,098 | 64,020 | -4,640 | 7,000 |
| overdraft | 1,413 | 10,000 | 0 | 0 | 0 | 0 |
| change in cash | -12,755 | -82,736 | 33,098 | 64,020 | -4,640 | 7,000 |
addvantage technologies ltd Credit Report and Business Information
Addvantage Technologies Ltd Competitor Analysis
Perform a competitor analysis for addvantage technologies ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in BH24 area or any other competitors across 12 key performance metrics.
addvantage technologies ltd Ownership
ADDVANTAGE TECHNOLOGIES LTD group structure
Addvantage Technologies Ltd has no subsidiary companies.
Ultimate parent company
ADDVANTAGE TECHNOLOGIES LTD
10592069
addvantage technologies ltd directors
Addvantage Technologies Ltd currently has 1 director, Dr Suhel Ahmed serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Suhel Ahmed | United Kingdom | 46 years | Jan 2017 | - | Director |
P&L
March 2023turnover
533.8k
-41%
operating profit
-290.6k
0%
gross margin
56.8%
-0.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
190.5k
-0.61%
total assets
1.1m
-0.31%
cash
15.4k
-0.42%
net assets
Total assets minus all liabilities
addvantage technologies ltd company details
company number
10592069
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62090 - Other information technology and computer service activities
70229 - Management consultancy activities (other than financial management)
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
alldaydr group ltd (March 2021)
s & s consultancy (bolton) limited (July 2017)
accountant
-
auditor
-
address
the old town hall, 71 christchurch road, ringwood, BH24 1DH
Bank
-
Legal Advisor
-
addvantage technologies 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 addvantage technologies ltd.
addvantage technologies ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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addvantage technologies ltd Companies House Filings - See Documents
| date | description | view/download |
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