bitsio limited
bitsio limited Company Information
Company Number
11330283
Next Accounts
Jan 2026
Shareholders
bitsio inc
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
292 wake green road, birmingham, west midlands, B13 9QP
Website
bitsioinc.combitsio limited Estimated Valuation
Pomanda estimates the enterprise value of BITSIO LIMITED at £5.1k based on a Turnover of £9.4k and 0.54x industry multiple (adjusted for size and gross margin).
bitsio limited Estimated Valuation
Pomanda estimates the enterprise value of BITSIO LIMITED at £0 based on an EBITDA of £-14.3k and a 3.71x industry multiple (adjusted for size and gross margin).
bitsio limited Estimated Valuation
Pomanda estimates the enterprise value of BITSIO LIMITED at £3.9k based on Net Assets of £1.7k and 2.26x industry multiple (adjusted for liquidity).
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Bitsio Limited Overview
Bitsio Limited is a live company located in west midlands, B13 9QP with a Companies House number of 11330283. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2018, it's largest shareholder is bitsio inc with a 100% stake. Bitsio Limited is a young, micro sized company, Pomanda has estimated its turnover at £9.4k with unknown growth in recent years.
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Bitsio Limited Health Check
Pomanda's financial health check has awarded Bitsio Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £9.4k, make it smaller than the average company (£7.3m)
- Bitsio Limited
£7.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bitsio Limited
- - Industry AVG
Production
with a gross margin of 25.1%, this company has a higher cost of product (49.7%)
- Bitsio Limited
49.7% - Industry AVG
Profitability
an operating margin of -152.9% make it less profitable than the average company (4%)
- Bitsio Limited
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
- Bitsio Limited
43 - Industry AVG
Pay Structure
on an average salary of £72.4k, the company has an equivalent pay structure (£72.4k)
- Bitsio Limited
£72.4k - Industry AVG
Efficiency
resulting in sales per employee of £9.4k, this is less efficient (£178.5k)
- Bitsio Limited
£178.5k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (50 days)
- Bitsio Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (34 days)
- Bitsio Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bitsio Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bitsio Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.5%, this is a lower level of debt than the average (63.7%)
38.5% - Bitsio Limited
63.7% - Industry AVG
BITSIO LIMITED financials
Bitsio Limited's latest turnover from April 2024 is estimated at £9.4 thousand and the company has net assets of £1.7 thousand. According to their latest financial statements, we estimate that Bitsio Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,199 | |||||
| Intangible Assets | ||||||
| Investments & Other | 100 | 100 | 100 | |||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1,199 | 100 | 100 | 100 | ||
| Stock & work in progress | ||||||
| Trade Debtors | 2,782 | 20,763 | 32,709 | |||
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | ||||||
| misc current assets | ||||||
| total current assets | 2,782 | 20,763 | 32,709 | |||
| total assets | 2,782 | 20,763 | 33,908 | 100 | 100 | 100 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,071 | 4,739 | 23,275 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 1,071 | 4,739 | 23,275 | |||
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 1,071 | 4,739 | 23,275 | |||
| net assets | 1,711 | 16,024 | 10,633 | 100 | 100 | 100 |
| total shareholders funds | 1,711 | 16,024 | 10,633 | 100 | 100 | 100 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -17,981 | -11,946 | 32,709 | |||
| Creditors | -3,668 | -18,536 | 23,275 | |||
| Accruals and Deferred Income | ||||||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -100 | 100 | ||||
| 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 | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | ||||||
| overdraft | ||||||
| change in cash |
bitsio limited Credit Report and Business Information
Bitsio Limited Competitor Analysis
Perform a competitor analysis for bitsio limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in B13 area or any other competitors across 12 key performance metrics.
bitsio limited Ownership
BITSIO LIMITED group structure
Bitsio Limited has no subsidiary companies.
Ultimate parent company
BITSIO LIMITED
11330283
bitsio limited directors
Bitsio Limited currently has 3 directors. The longest serving directors include Mr Suman Gajavelly (Apr 2018) and Mrs Kalpana Krishnamurthi (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Suman Gajavelly | United Kingdom | 49 years | Apr 2018 | - | Director |
| Mrs Kalpana Krishnamurthi | United Kingdom | 48 years | Apr 2018 | - | Director |
| Mr Sudheer Devulapally | England | 50 years | Dec 2022 | - | Director |
P&L
April 2024turnover
9.4k
-91%
operating profit
-14.3k
0%
gross margin
25.1%
-0.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
1.7k
-0.89%
total assets
2.8k
-0.87%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
bitsio limited company details
company number
11330283
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2024
previous names
N/A
accountant
LOWSON WARD
auditor
-
address
292 wake green road, birmingham, west midlands, B13 9QP
Bank
-
Legal Advisor
-
bitsio 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 bitsio limited.
bitsio 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 BITSIO LIMITED. This can take several minutes, an email will notify you when this has completed.
bitsio limited Companies House Filings - See Documents
| date | description | view/download |
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