asbyt ltd
asbyt ltd Company Information
Company Number
10843544
Next Accounts
Dec 2024
Industry
Other information service activities n.e.c.
Directors
Shareholders
adam butcher
rebecca butcher
Group Structure
View All
Contact
Registered Address
31 church road, northenden, manchester, M22 4NN
Website
asbytofficial.comasbyt ltd Estimated Valuation
Pomanda estimates the enterprise value of ASBYT LTD at £84.6k based on a Turnover of £88.6k and 0.95x industry multiple (adjusted for size and gross margin).
asbyt ltd Estimated Valuation
Pomanda estimates the enterprise value of ASBYT LTD at £0 based on an EBITDA of £-19.5k and a 4.65x industry multiple (adjusted for size and gross margin).
asbyt ltd Estimated Valuation
Pomanda estimates the enterprise value of ASBYT LTD at £1m based on Net Assets of £409.2k and 2.56x industry multiple (adjusted for liquidity).
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Asbyt Ltd Overview
Asbyt Ltd is a live company located in manchester, M22 4NN with a Companies House number of 10843544. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in June 2017, it's largest shareholder is adam butcher with a 60% stake. Asbyt Ltd is a young, micro sized company, Pomanda has estimated its turnover at £88.6k with declining growth in recent years.
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Asbyt Ltd Health Check
Pomanda's financial health check has awarded Asbyt Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £88.6k, make it smaller than the average company (£741.8k)
- Asbyt Ltd
£741.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (6.9%)
- Asbyt Ltd
6.9% - Industry AVG
Production
with a gross margin of 63.5%, this company has a comparable cost of product (63.5%)
- Asbyt Ltd
63.5% - Industry AVG
Profitability
an operating margin of -38.1% make it less profitable than the average company (6.8%)
- Asbyt Ltd
6.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (17)
2 - Asbyt Ltd
17 - Industry AVG
Pay Structure
on an average salary of £26.4k, the company has an equivalent pay structure (£26.4k)
- Asbyt Ltd
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £44.3k, this is equally as efficient (£44.3k)
- Asbyt Ltd
£44.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Asbyt Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Asbyt Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Asbyt Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 967 weeks, this is more cash available to meet short term requirements (153 weeks)
967 weeks - Asbyt Ltd
153 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.5%, this is a lower level of debt than the average (24.6%)
4.5% - Asbyt Ltd
24.6% - Industry AVG
ASBYT LTD financials
Asbyt Ltd's latest turnover from March 2023 is estimated at £88.6 thousand and the company has net assets of £409.2 thousand. According to their latest financial statements, Asbyt Ltd has 2 employees and maintains cash reserves of £355.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | 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 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 42,689 | 40,497 | 48,033 | 26,165 | 6,283 | 3,249 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,689 | 40,497 | 48,033 | 26,165 | 6,283 | 3,249 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 300,371 | 219,843 | 40,411 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 31,253 |
| Cash | 355,655 | 408,581 | 347,917 | 0 | 0 | 0 |
| misc current assets | 30,000 | 15,000 | 38,036 | 0 | 0 | 0 |
| total current assets | 385,655 | 423,581 | 385,953 | 300,371 | 219,843 | 71,664 |
| total assets | 428,344 | 464,078 | 433,986 | 326,536 | 226,126 | 74,913 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 16,463 | 65,234 | 16,238 |
| Group/Directors Accounts | 0 | 0 | 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 | 19,119 | 37,334 | 35,850 | 0 | 0 | 0 |
| total current liabilities | 19,119 | 37,334 | 35,850 | 16,463 | 65,234 | 16,238 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 599 | 600 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 599 | 600 |
| total liabilities | 19,119 | 37,334 | 35,850 | 16,463 | 65,833 | 16,838 |
| net assets | 409,225 | 426,744 | 398,136 | 310,073 | 160,293 | 58,075 |
| total shareholders funds | 409,225 | 426,744 | 398,136 | 310,073 | 160,293 | 58,075 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 14,230 | 13,499 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | -300,371 | 80,528 | 148,179 | 71,664 |
| Creditors | 0 | 0 | -16,463 | -48,771 | 48,996 | 16,238 |
| Accruals and Deferred Income | -18,215 | 1,484 | 35,850 | -599 | -1 | 600 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -52,926 | 60,664 | 347,917 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -52,926 | 60,664 | 347,917 | 0 | 0 | 0 |
asbyt ltd Credit Report and Business Information
Asbyt Ltd Competitor Analysis
Perform a competitor analysis for asbyt ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in M22 area or any other competitors across 12 key performance metrics.
asbyt ltd Ownership
ASBYT LTD group structure
Asbyt Ltd has no subsidiary companies.
Ultimate parent company
ASBYT LTD
10843544
asbyt ltd directors
Asbyt Ltd currently has 1 director, Mr Adam Butcher serving since Jun 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Butcher | United Kingdom | 38 years | Jun 2017 | - | Director |
P&L
March 2023turnover
88.6k
-1%
operating profit
-33.8k
0%
gross margin
63.5%
-3.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
409.2k
-0.04%
total assets
428.3k
-0.08%
cash
355.7k
-0.13%
net assets
Total assets minus all liabilities
asbyt ltd company details
company number
10843544
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
adam butcher ltd (July 2017)
accountant
-
auditor
-
address
31 church road, northenden, manchester, M22 4NN
Bank
-
Legal Advisor
-
asbyt 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 asbyt ltd.
asbyt 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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asbyt ltd Companies House Filings - See Documents
| date | description | view/download |
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