shopit ltd
shopit ltd Company Information
Company Number
11399641
Next Accounts
Dec 2024
Industry
Business and domestic software development
Directors
Shareholders
adam pritchard
craig mcmahon
View AllGroup Structure
View All
Contact
Registered Address
22 little lever street, manchester, M1 1HR
shopit ltd Estimated Valuation
Pomanda estimates the enterprise value of SHOPIT LTD at £29.5k based on a Turnover of £43k and 0.69x industry multiple (adjusted for size and gross margin).
shopit ltd Estimated Valuation
Pomanda estimates the enterprise value of SHOPIT LTD at £0 based on an EBITDA of £-24k and a 4.22x industry multiple (adjusted for size and gross margin).
shopit ltd Estimated Valuation
Pomanda estimates the enterprise value of SHOPIT LTD at £0 based on Net Assets of £-11.7k and 2.35x industry multiple (adjusted for liquidity).
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Shopit Ltd Overview
Shopit Ltd is a dissolved company that was located in manchester, M1 1HR with a Companies House number of 11399641. It operated in the business and domestic software development sector, SIC Code 62012. Founded in June 2018, it's largest shareholder was adam pritchard with a 78.2% stake. The last turnover for Shopit Ltd was estimated at £43k.
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Shopit Ltd Health Check
Pomanda's financial health check has awarded Shopit Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £43k, make it smaller than the average company (£2.4m)
- Shopit Ltd
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.9%)
- Shopit Ltd
5.9% - Industry AVG
Production
with a gross margin of 44%, this company has a higher cost of product (73.1%)
- Shopit Ltd
73.1% - Industry AVG
Profitability
an operating margin of -55.8% make it less profitable than the average company (4.4%)
- Shopit Ltd
4.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - Shopit Ltd
25 - Industry AVG
Pay Structure
on an average salary of £60.4k, the company has an equivalent pay structure (£60.4k)
- Shopit Ltd
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £43k, this is less efficient (£103.6k)
- Shopit Ltd
£103.6k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (62 days)
- Shopit Ltd
62 days - Industry AVG
Creditor Days
its suppliers are paid after 328 days, this is slower than average (49 days)
- Shopit Ltd
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Shopit Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Shopit Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 216.2%, this is a higher level of debt than the average (61%)
216.2% - Shopit Ltd
61% - Industry AVG
SHOPIT LTD financials
Shopit Ltd's latest turnover from March 2022 is estimated at £43 thousand and the company has net assets of -£11.7 thousand. According to their latest financial statements, Shopit Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 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 | 1 | 1 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,033 | 30,260 | 18,248 | 1,712 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 10,033 | 30,260 | 18,248 | 1,712 |
| total assets | 10,033 | 30,260 | 18,248 | 1,712 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 21,687 | 17,906 | 115,102 | 10,047 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 21,687 | 17,906 | 115,102 | 10,047 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 21,687 | 17,906 | 115,102 | 10,047 |
| net assets | -11,654 | 12,354 | -96,854 | -8,335 |
| total shareholders funds | -11,654 | 12,354 | -96,854 | -8,335 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -20,227 | 12,012 | 16,536 | 1,712 |
| Creditors | 3,781 | -97,196 | 105,055 | 10,047 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
shopit ltd Credit Report and Business Information
Shopit Ltd Competitor Analysis
Perform a competitor analysis for shopit ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in M 1 area or any other competitors across 12 key performance metrics.
shopit ltd Ownership
SHOPIT LTD group structure
Shopit Ltd has no subsidiary companies.
Ultimate parent company
SHOPIT LTD
11399641
shopit ltd directors
Shopit Ltd currently has 1 director, Mr Adam Pritchard serving since Jun 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Pritchard | England | 48 years | Jun 2018 | - | Director |
P&L
March 2022turnover
43k
-44%
operating profit
-24k
0%
gross margin
44%
+3.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
-11.7k
-1.94%
total assets
10k
-0.67%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
shopit ltd company details
company number
11399641
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
June 2018
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2022
previous names
N/A
accountant
-
auditor
-
address
22 little lever street, manchester, M1 1HR
Bank
-
Legal Advisor
-
shopit 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 shopit ltd.
shopit 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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shopit ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
