it career change limited

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it career change limited Company Information

Share IT CAREER CHANGE LIMITED

Company Number

11123581

Shareholders

daniel muscat

matthew cornford

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Group Structure

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Industry

Other education n.e.c.

 

Registered Address

128 city road, london, EC1V 2NX

it career change limited Estimated Valuation

£396.1k

Pomanda estimates the enterprise value of IT CAREER CHANGE LIMITED at £396.1k based on a Turnover of £744k and 0.53x industry multiple (adjusted for size and gross margin).

it career change limited Estimated Valuation

£0

Pomanda estimates the enterprise value of IT CAREER CHANGE LIMITED at £0 based on an EBITDA of £-44.2k and a 3.07x industry multiple (adjusted for size and gross margin).

it career change limited Estimated Valuation

£236

Pomanda estimates the enterprise value of IT CAREER CHANGE LIMITED at £236 based on Net Assets of £99 and 2.38x industry multiple (adjusted for liquidity).

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It Career Change Limited Overview

It Career Change Limited is a live company located in london, EC1V 2NX with a Companies House number of 11123581. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in December 2017, it's largest shareholder is daniel muscat with a 33.3% stake. It Career Change Limited is a young, small sized company, Pomanda has estimated its turnover at £744k with healthy growth in recent years.

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It Career Change Limited Health Check

Pomanda's financial health check has awarded It Career Change Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £744k, make it larger than the average company (£483.4k)

£744k - It Career Change Limited

£483.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.3%)

10% - It Career Change Limited

9.3% - Industry AVG

production

Production

with a gross margin of 28.5%, this company has a higher cost of product (55.8%)

28.5% - It Career Change Limited

55.8% - Industry AVG

profitability

Profitability

an operating margin of -5.9% make it less profitable than the average company (4.8%)

-5.9% - It Career Change Limited

4.8% - Industry AVG

employees

Employees

with 12 employees, this is similar to the industry average (11)

12 - It Career Change Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)

£30.5k - It Career Change Limited

£30.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £62k, this is equally as efficient (£55.2k)

£62k - It Career Change Limited

£55.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 74 days, this is later than average (16 days)

74 days - It Career Change Limited

16 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - It Career Change Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - It Career Change Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - It Career Change Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (19.4%)

100% - It Career Change Limited

19.4% - Industry AVG

IT CAREER CHANGE LIMITED financials

EXPORTms excel logo

It Career Change Limited's latest turnover from December 2024 is estimated at £744 thousand and the company has net assets of £99. According to their latest financial statements, It Career Change Limited has 12 employees and maintains cash reserves of £663.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Turnover743,962602,794717,591552,142647,825305,820112,149
Other Income Or Grants
Cost Of Sales532,085417,428504,179395,978476,861216,94180,696
Gross Profit211,877185,365213,412156,164170,96588,87931,453
Admin Expenses256,079359,067118,809142,785201,64193,238-9,204
Operating Profit-44,202-173,70294,60313,379-30,676-4,35940,657
Interest Payable
Interest Receivable44,20257,24633,6542,1375641,297299
Pre-Tax Profit-116,456128,25715,516-30,112-3,06240,956
Tax-24,369-2,948-7,782
Profit After Tax-116,456103,88812,568-30,112-3,06233,174
Dividends Paid
Retained Profit-116,456103,88812,568-30,112-3,06233,174
Employee Costs365,408354,316309,391219,496347,945102,24050,260
Number Of Employees12121181342
EBITDA*-44,202-173,70294,60313,379-30,676-4,35940,657

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors151,779117,86419,00538,4749,177
Group Debtors
Misc Debtors
Cash663,1181,104,9561,075,846847,250862,181266,18279,617
misc current assets
total current assets814,8971,222,8201,075,846847,250881,186304,65688,794
total assets814,8971,222,8201,075,846847,250881,186304,65688,794
Bank overdraft
Bank loan
Trade Creditors 959,291834,583881,087274,44555,521
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities959,291834,583881,087274,44555,521
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities814,7981,222,721
provisions
total long term liabilities814,7981,222,721
total liabilities814,7981,222,721959,291834,583881,087274,44555,521
net assets9999116,55512,6679930,21133,273
total shareholders funds9999116,55512,6679930,21133,273
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Operating Activities
Operating Profit-44,202-173,70294,60313,379-30,676-4,35940,657
Depreciation
Amortisation
Tax-24,369-2,948-7,782
Stock
Debtors33,915117,864-19,005-19,46929,2979,177
Creditors-959,291124,708-46,504606,642218,92455,521
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-78,117-1,250,857194,942-17,068595,435185,26879,219
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-407,9231,222,721
share issue99
interest44,20257,24633,6542,1375641,297299
cash flow from financing-363,7211,279,96733,6542,1375641,297398
cash and cash equivalents
cash-441,83829,110228,596-14,931595,999186,56579,617
overdraft
change in cash-441,83829,110228,596-14,931595,999186,56579,617

it career change limited 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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It Career Change Limited Competitor Analysis

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Perform a competitor analysis for it career change limited by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in EC1V area or any other competitors across 12 key performance metrics.

it career change limited Ownership

IT CAREER CHANGE LIMITED group structure

It Career Change Limited has no subsidiary companies.

Ultimate parent company

IT CAREER CHANGE LIMITED

11123581

IT CAREER CHANGE LIMITED Shareholders

daniel muscat 33.33%
matthew cornford 33.33%
bradley webb 33.33%

it career change limited directors

It Career Change Limited currently has 3 directors. The longest serving directors include Mr Matthew Cornford (Dec 2017) and Mr Bradley Webb (Feb 2019).

officercountryagestartendrole
Mr Matthew CornfordUnited Kingdom36 years Dec 2017- Director
Mr Bradley WebbUnited Kingdom34 years Feb 2019- Director
Mr Daniel MuscatUnited Kingdom38 years Feb 2019- Director

P&L

December 2024

turnover

744k

+23%

operating profit

-44.2k

0%

gross margin

28.5%

-7.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2024

net assets

99

0%

total assets

814.9k

-0.33%

cash

663.1k

-0.4%

net assets

Total assets minus all liabilities

it career change limited company details

company number

11123581

Type

Private limited with Share Capital

industry

85590 - Other education n.e.c.

incorporation date

December 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2024

previous names

N/A

accountant

-

auditor

-

address

128 city road, london, EC1V 2NX

Bank

-

Legal Advisor

-

it career change 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 it career change limited.

it career change 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.

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it career change limited Companies House Filings - See Documents

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