solution17 ltd
solution17 ltd Company Information
Company Number
11356861
Next Accounts
Feb 2025
Industry
Computer consultancy activities
Directors
Shareholders
reinaldo morgado
tnm group ltd
Group Structure
View All
Contact
Registered Address
88 hill village road, sutton coldfield, B75 5BE
Website
www.inventivesearch.co.uksolution17 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION17 LTD at £237.6k based on a Turnover of £320k and 0.74x industry multiple (adjusted for size and gross margin).
solution17 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION17 LTD at £0 based on an EBITDA of £-43.1k and a 5.2x industry multiple (adjusted for size and gross margin).
solution17 ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION17 LTD at £144.1k based on Net Assets of £62.5k and 2.3x industry multiple (adjusted for liquidity).
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Solution17 Ltd Overview
Solution17 Ltd is a live company located in sutton coldfield, B75 5BE with a Companies House number of 11356861. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2018, it's largest shareholder is reinaldo morgado with a 50% stake. Solution17 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £320k with high growth in recent years.
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Solution17 Ltd Health Check
Pomanda's financial health check has awarded Solution17 Ltd 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
3 Regular
6 Weak
Size
annual sales of £320k, make it smaller than the average company (£802.9k)
- Solution17 Ltd
£802.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.4%)
- Solution17 Ltd
5.4% - Industry AVG
Production
with a gross margin of 49.8%, this company has a comparable cost of product (49.8%)
- Solution17 Ltd
49.8% - Industry AVG
Profitability
an operating margin of -43.1% make it less profitable than the average company (7.5%)
- Solution17 Ltd
7.5% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (8)
8 - Solution17 Ltd
8 - Industry AVG
Pay Structure
on an average salary of £53.7k, the company has an equivalent pay structure (£53.7k)
- Solution17 Ltd
£53.7k - Industry AVG
Efficiency
resulting in sales per employee of £40k, this is less efficient (£121.8k)
- Solution17 Ltd
£121.8k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (67 days)
- Solution17 Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
- Solution17 Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solution17 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (18 weeks)
13 weeks - Solution17 Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (57.6%)
86% - Solution17 Ltd
57.6% - Industry AVG
SOLUTION17 LTD financials
Solution17 Ltd's latest turnover from May 2023 is estimated at £320 thousand and the company has net assets of £62.5 thousand. According to their latest financial statements, Solution17 Ltd has 8 employees and maintains cash reserves of £84.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 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 | 8 | 11 | 9 | 5 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 48,754 | 5,114 | 7,705 | 2,586 | 0 |
| Intangible Assets | 207,040 | 224,331 | 108,012 | 41,962 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 255,794 | 229,445 | 115,717 | 44,548 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,401 | 69,452 | 61,254 | 14,674 | 24,395 |
| Group Debtors | 33,158 | 33,145 | 25,000 | 0 | 0 |
| Misc Debtors | 62,314 | 52,479 | 33,456 | 46,454 | 0 |
| Cash | 84,620 | 78,987 | 156,053 | 36,399 | 9,788 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 189,493 | 234,063 | 275,763 | 97,527 | 34,183 |
| total assets | 445,287 | 463,508 | 391,480 | 142,075 | 34,183 |
| Bank overdraft | 160,280 | 45,000 | 50,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 512 | 227 | 2,281 | 1,250 | 0 |
| Group/Directors Accounts | 160,215 | 191,950 | 130,177 | 89,234 | 19,264 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,742 | 1,000 | 0 | 0 | 0 |
| other current liabilities | 9,545 | 17,768 | 77,001 | 27,883 | 12,081 |
| total current liabilities | 337,294 | 255,945 | 259,459 | 118,367 | 31,345 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 45,447 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 45,447 | 0 | 0 | 0 | 0 |
| total liabilities | 382,741 | 255,945 | 259,459 | 118,367 | 31,345 |
| net assets | 62,546 | 207,563 | 132,021 | 23,708 | 2,838 |
| total shareholders funds | 62,546 | 207,563 | 132,021 | 23,708 | 2,838 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 16,618 | 4,137 | 2,305 | 1,031 | 0 |
| Amortisation | 78,317 | 66,112 | 29,625 | 10,490 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -50,203 | 35,366 | 58,582 | 36,733 | 24,395 |
| Creditors | 285 | -2,054 | 1,031 | 1,250 | 0 |
| Accruals and Deferred Income | -8,223 | -59,233 | 49,118 | 15,802 | 12,081 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -31,735 | 61,773 | 40,943 | 69,970 | 19,264 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 51,189 | 1,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 5,633 | -77,066 | 119,654 | 26,611 | 9,788 |
| overdraft | 115,280 | -5,000 | 50,000 | 0 | 0 |
| change in cash | -109,647 | -72,066 | 69,654 | 26,611 | 9,788 |
solution17 ltd Credit Report and Business Information
Solution17 Ltd Competitor Analysis
Perform a competitor analysis for solution17 ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in B75 area or any other competitors across 12 key performance metrics.
solution17 ltd Ownership
SOLUTION17 LTD group structure
Solution17 Ltd has no subsidiary companies.
Ultimate parent company
SOLUTION17 LTD
11356861
solution17 ltd directors
Solution17 Ltd currently has 1 director, Mr Reinaldo Morgado serving since May 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Reinaldo Morgado | United Kingdom | 54 years | May 2018 | - | Director |
P&L
May 2023turnover
320k
-45%
operating profit
-138k
0%
gross margin
49.9%
+3.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
62.5k
-0.7%
total assets
445.3k
-0.04%
cash
84.6k
+0.07%
net assets
Total assets minus all liabilities
Similar Companies
solution17 ltd company details
company number
11356861
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
EDN ACCOUNTANTS LIMITED
auditor
-
address
88 hill village road, sutton coldfield, B75 5BE
Bank
-
Legal Advisor
-
solution17 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 solution17 ltd.
solution17 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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solution17 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
