miles software solutions uk limited
miles software solutions uk limited Company Information
Company Number
10769409
Next Accounts
1147 days late
Directors
Shareholders
ebix asia holdings inc
Group Structure
View All
Industry
Business and domestic software development
Registered Address
walsingham house, 35 seething lane, london, EC3N 4AH
Website
-miles software solutions uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILES SOFTWARE SOLUTIONS UK LIMITED at £73.4k based on a Turnover of £84.9k and 0.86x industry multiple (adjusted for size and gross margin).
miles software solutions uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILES SOFTWARE SOLUTIONS UK LIMITED at £0 based on an EBITDA of £-15.1k and a 5.34x industry multiple (adjusted for size and gross margin).
miles software solutions uk limited Estimated Valuation
Pomanda estimates the enterprise value of MILES SOFTWARE SOLUTIONS UK LIMITED at £0 based on Net Assets of £-24.1k and 2.37x industry multiple (adjusted for liquidity).
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Miles Software Solutions Uk Limited Overview
Miles Software Solutions Uk Limited is a live company located in london, EC3N 4AH with a Companies House number of 10769409. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2017, it's largest shareholder is ebix asia holdings inc with a 100% stake. Miles Software Solutions Uk Limited is a young, micro sized company, Pomanda has estimated its turnover at £84.9k with unknown growth in recent years.
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Miles Software Solutions Uk Limited Health Check
Pomanda's financial health check has awarded Miles Software Solutions Uk Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
7 Weak
Size
annual sales of £84.9k, make it smaller than the average company (£1.5m)
- Miles Software Solutions Uk Limited
£1.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Miles Software Solutions Uk Limited
- - Industry AVG
Production
with a gross margin of 74.1%, this company has a comparable cost of product (74.1%)
- Miles Software Solutions Uk Limited
74.1% - Industry AVG
Profitability
an operating margin of -17.8% make it less profitable than the average company (4.5%)
- Miles Software Solutions Uk Limited
4.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (26)
1 - Miles Software Solutions Uk Limited
26 - Industry AVG
Pay Structure
on an average salary of £57.3k, the company has an equivalent pay structure (£57.3k)
- Miles Software Solutions Uk Limited
£57.3k - Industry AVG
Efficiency
resulting in sales per employee of £84.9k, this is less efficient (£102.8k)
- Miles Software Solutions Uk Limited
£102.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Miles Software Solutions Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (47 days)
- Miles Software Solutions Uk Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Miles Software Solutions Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (19 weeks)
15 weeks - Miles Software Solutions Uk Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 314.4%, this is a higher level of debt than the average (61.3%)
314.4% - Miles Software Solutions Uk Limited
61.3% - Industry AVG
MILES SOFTWARE SOLUTIONS UK LIMITED financials
Miles Software Solutions Uk Limited's latest turnover from March 2020 is estimated at £84.9 thousand and the company has net assets of -£24.1 thousand. According to their latest financial statements, Miles Software Solutions Uk Limited has 1 employee and maintains cash reserves of £10.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 60,030 | 90,291 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 741 | 600 | 0 |
| Cash | 10,494 | 28,738 | 29,659 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 11,235 | 89,368 | 119,950 |
| total assets | 11,235 | 89,368 | 119,950 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,110 | 75,540 | 68,475 |
| Group/Directors Accounts | 0 | 0 | 61,000 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 34,208 | 22,836 | 13,697 |
| total current liabilities | 35,318 | 98,376 | 143,172 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 35,318 | 98,376 | 143,172 |
| net assets | -24,083 | -9,008 | -23,222 |
| total shareholders funds | -24,083 | -9,008 | -23,222 |
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -59,889 | -29,661 | 90,291 |
| Creditors | -74,430 | 7,065 | 68,475 |
| Accruals and Deferred Income | 11,372 | 9,139 | 13,697 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -61,000 | 61,000 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -18,244 | -921 | 29,659 |
| overdraft | 0 | 0 | 0 |
| change in cash | -18,244 | -921 | 29,659 |
miles software solutions uk limited Credit Report and Business Information
Miles Software Solutions Uk Limited Competitor Analysis
Perform a competitor analysis for miles software solutions uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC3N area or any other competitors across 12 key performance metrics.
miles software solutions uk limited Ownership
MILES SOFTWARE SOLUTIONS UK LIMITED group structure
Miles Software Solutions Uk Limited has no subsidiary companies.
Ultimate parent company
MILES SOFTWARE SOLUTIONS UK LIMITED
10769409
miles software solutions uk limited directors
Miles Software Solutions Uk Limited currently has 1 director, Mr Abhishek Rohatgi serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Abhishek Rohatgi | England | 45 years | May 2017 | - | Director |
P&L
March 2020turnover
84.9k
-61%
operating profit
-15.1k
0%
gross margin
74.1%
-0.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
-24.1k
+1.67%
total assets
11.2k
-0.87%
cash
10.5k
-0.63%
net assets
Total assets minus all liabilities
miles software solutions uk limited company details
company number
10769409
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2020
previous names
N/A
accountant
-
auditor
-
address
walsingham house, 35 seething lane, london, EC3N 4AH
Bank
-
Legal Advisor
-
miles software solutions uk 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 miles software solutions uk limited.
miles software solutions uk limited 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.
Click to start generating capital raising & share issue transactions for MILES SOFTWARE SOLUTIONS UK LIMITED. This can take several minutes, an email will notify you when this has completed.
miles software solutions uk limited Companies House Filings - See Documents
| date | description | view/download |
|---|
