Pomanda estimates the enterprise value of BYKARE SOLUTIONS LTD at £1.8m based on a Turnover of £4.2m and 0.44x industry multiple (adjusted for size and gross margin).
bykare solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BYKARE SOLUTIONS LTD at £0 based on an EBITDA of £-181.8k and a 3.19x industry multiple (adjusted for size and gross margin).
bykare solutions ltdEstimated Valuation
£17k
Pomanda estimates the enterprise value of BYKARE SOLUTIONS LTD at £17k based on Net Assets of £7.9k and 2.13x industry multiple (adjusted for liquidity).
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Bykare Solutions LtdOverview
Bykare Solutions Ltd is a live company located in middlesbrough, TS2 1BB with a Companies House number of 10834607. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2017, it's largest shareholder is
nokhutula ishemunyoro
with a 50% stake. Bykare Solutions Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£4.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Bykare Solutions Ltd a 2 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 Rating2out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £4.2m, make it in line with the average company (£4.3m)
£4.2m - Bykare Solutions Ltd
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (9.1%)
45% - Bykare Solutions Ltd
9.1% - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (37.9%)
17.1% - Bykare Solutions Ltd
37.9% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (5.5%)
-4.4% - Bykare Solutions Ltd
5.5% - Industry AVG
Employees
with 83 employees, this is above the industry average (26)
83 - Bykare Solutions Ltd
26 - Industry AVG
Pay Structure
on an average salary of £50.9k, the company has an equivalent pay structure (£50.9k)
£50.9k - Bykare Solutions Ltd
£50.9k - Industry AVG
Efficiency
resulting in sales per employee of £50.1k, this is less efficient (£156.8k)
£50.1k - Bykare Solutions Ltd
£156.8k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (38 days)
69 days - Bykare Solutions Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (31 days)
81 days - Bykare Solutions Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bykare Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bykare Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (59.9%)
99% - Bykare Solutions Ltd
59.9% - Industry AVG
BYKARE SOLUTIONS LTD financials
EXPORT
Bykare Solutions Ltd's latest turnover from June 2024 is estimated at £4.2 million and the company has net assets of £7.9 thousand. According to their latest financial statements, Bykare Solutions Ltd has 83 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Turnover
4,159,940
4,677,358
4,804,875
1,375,692
1,114,483
386,096
138,840
Other Income Or Grants
Cost Of Sales
3,447,575
3,857,225
4,003,180
1,161,804
923,936
320,645
115,542
Gross Profit
712,365
820,133
801,695
213,888
190,547
65,451
23,298
Admin Expenses
894,142
854,975
578,763
306,063
95,867
-4,705
20,025
Operating Profit
-181,777
-34,842
222,932
-92,175
94,680
70,156
3,273
Interest Payable
Interest Receivable
Pre-Tax Profit
-181,777
-34,842
222,932
-92,175
94,680
70,156
3,273
Tax
-42,357
-17,989
-13,330
-622
Profit After Tax
-181,777
-34,842
180,575
-92,175
76,691
56,826
2,651
Dividends Paid
Retained Profit
-181,777
-34,842
180,575
-92,175
76,691
56,826
2,651
Employee Costs
4,228,269
4,696,398
4,704,478
214,288
168,983
83,798
39,384
Number Of Employees
83
97
103
5
4
2
1
EBITDA*
-181,777
-34,842
222,932
-92,175
94,680
70,156
3,273
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Tangible Assets
25,105
29,591
2,647
8,721
8,685
8,642
708
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
25,105
29,591
2,647
8,721
8,685
8,642
708
Stock & work in progress
Trade Debtors
791,327
1,009,438
1,167,673
386,346
323,938
118,384
37,881
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
791,327
1,009,438
1,167,673
386,346
323,938
118,384
37,881
total assets
816,432
1,039,029
1,170,320
395,067
332,623
127,026
38,589
Bank overdraft
Bank loan
Trade Creditors
774,475
797,879
868,673
301,074
196,455
66,266
35,938
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
774,475
797,879
868,673
301,074
196,455
66,266
35,938
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
20,151
31,214
43,434
50,000
provisions
13,857
20,210
33,645
1,283
total long term liabilities
34,008
51,424
77,079
50,000
1,283
total liabilities
808,483
849,303
945,752
351,074
196,455
67,549
35,938
net assets
7,949
189,726
224,568
43,993
136,168
59,477
2,651
total shareholders funds
7,949
189,726
224,568
43,993
136,168
59,477
2,651
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Operating Activities
Operating Profit
-181,777
-34,842
222,932
-92,175
94,680
70,156
3,273
Depreciation
Amortisation
Tax
-42,357
-17,989
-13,330
-622
Stock
Debtors
-218,111
-158,235
781,327
62,408
205,554
80,503
37,881
Creditors
-23,404
-70,794
567,599
104,619
130,189
30,328
35,938
Accruals and Deferred Income
Deferred Taxes & Provisions
-6,353
-13,435
33,645
-1,283
1,283
Cash flow from operations
6,577
39,164
492
-49,964
43
7,934
708
Investing Activities
capital expenditure
4,486
-26,944
6,074
-36
-43
-7,934
-708
Change in Investments
cash flow from investments
4,486
-26,944
6,074
-36
-43
-7,934
-708
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-11,063
-12,220
-6,566
50,000
share issue
interest
cash flow from financing
-11,063
-12,220
-6,566
50,000
cash and cash equivalents
cash
overdraft
change in cash
bykare solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for bykare solutions ltd. Get real-time insights into bykare solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for bykare solutions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in TS2 area or any other competitors across 12 key performance metrics.
bykare solutions ltd Ownership
BYKARE SOLUTIONS LTD group structure
Bykare Solutions Ltd has no subsidiary companies.
Ultimate parent company
BYKARE SOLUTIONS LTD
10834607
BYKARE SOLUTIONS LTD Shareholders
The largest shareholders in Bykare Solutions Ltd include Nokhutula Ishemunyoro and Pheneas Ishemunyoro.
nokhutula ishemunyoro
50%
pheneas ishemunyoro
50%
bykare solutions ltd directors
Bykare Solutions Ltd currently has 2 directors.
The longest serving directors include
Mrs Nokhutula Ishemunyoro (Jun 2017) and
Mr Pheneas Ishemunyoro (Jun 2017).
82990 - Other business support service activities n.e.c.
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
-
address
royal middlehaven house, 21 gosford street, middlesbrough, cleveland, TS2 1BB
Bank
-
Legal Advisor
-
bykare solutions 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 bykare solutions ltd.
bykare solutions 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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bykare solutions ltdCompanies House Filings - See Documents
