softnut ltd

3.5

softnut ltd Company Information

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Company Number

11948394

Website

-

Registered Address

60 mill mead road, business center, london, N17 9QU

Industry

Computer consultancy activities

 

Other information technology and computer service activities

 
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Telephone

-

Next Accounts Due

October 2025

Group Structure

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Directors

Birol Goktepe5 Years

Shareholders

birol goktepe 76%

husniye dogan dag 24%

softnut ltd Estimated Valuation

£111.4k

Pomanda estimates the enterprise value of SOFTNUT LTD at £111.4k based on a Turnover of £155.5k and 0.72x industry multiple (adjusted for size and gross margin).

softnut ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SOFTNUT LTD at £0 based on an EBITDA of £-7.3k and a 4.94x industry multiple (adjusted for size and gross margin).

softnut ltd Estimated Valuation

£132.2k

Pomanda estimates the enterprise value of SOFTNUT LTD at £132.2k based on Net Assets of £57.3k and 2.31x industry multiple (adjusted for liquidity).

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Softnut Ltd Overview

Softnut Ltd is a live company located in london, N17 9QU with a Companies House number of 11948394. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2019, it's largest shareholder is birol goktepe with a 76% stake. Softnut Ltd is a young, micro sized company, Pomanda has estimated its turnover at £155.5k with declining growth in recent years.

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Softnut Ltd Health Check

Pomanda's financial health check has awarded Softnut Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £155.5k, make it smaller than the average company (£3.7m)

£155.5k - Softnut Ltd

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (9.4%)

-27% - Softnut Ltd

9.4% - Industry AVG

production

Production

with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)

56.7% - Softnut Ltd

56.7% - Industry AVG

profitability

Profitability

an operating margin of -4.7% make it less profitable than the average company (4.8%)

-4.7% - Softnut Ltd

4.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (27)

2 - Softnut Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.4k, the company has an equivalent pay structure (£64.4k)

£64.4k - Softnut Ltd

£64.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.7k, this is less efficient (£136.8k)

£77.7k - Softnut Ltd

£136.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (58 days)

32 days - Softnut Ltd

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is slower than average (33 days)

37 days - Softnut Ltd

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Softnut Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 74 weeks, this is more cash available to meet short term requirements (17 weeks)

74 weeks - Softnut Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.8%, this is a similar level of debt than the average (58.3%)

63.8% - Softnut Ltd

58.3% - Industry AVG

SOFTNUT LTD financials

EXPORTms excel logo

Softnut Ltd's latest turnover from January 2024 is estimated at £155.5 thousand and the company has net assets of £57.3 thousand. According to their latest financial statements, Softnut Ltd has 2 employees and maintains cash reserves of £144.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Turnover155,462225,868143,036397,751221,370
Other Income Or Grants00000
Cost Of Sales67,35894,77460,343163,67488,606
Gross Profit88,103131,09482,692234,076132,764
Admin Expenses95,357137,46044,382203,635132,024
Operating Profit-7,254-6,36638,31030,441740
Interest Payable00000
Interest Receivable7,3426,93530916120
Pre-Tax Profit8856938,61930,457860
Tax-22-108-7,338-5,787-163
Profit After Tax6646131,28124,670697
Dividends Paid00000
Retained Profit6646131,28124,670697
Employee Costs128,873124,167116,404108,506109,929
Number Of Employees22222
EBITDA*-7,254-6,36638,31030,441740

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Tangible Assets00000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets00000
Stock & work in progress00000
Trade Debtors13,860010,80095,1330
Group Debtors00000
Misc Debtors00000
Cash144,554149,109247,180032,071
misc current assets00000
total current assets158,414149,109257,98095,13332,071
total assets158,414149,109257,98095,13332,071
Bank overdraft00000
Bank loan00000
Trade Creditors 6,97013,90042,46069,76631,274
Group/Directors Accounts70,15332,329000
other short term finances00000
hp & lease commitments00000
other current liabilities24,01645,671158,77200
total current liabilities101,13991,900201,23269,76631,274
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities101,13991,900201,23269,76631,274
net assets57,27557,20956,74825,367797
total shareholders funds57,27557,20956,74825,367797
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Operating Activities
Operating Profit-7,254-6,36638,31030,441740
Depreciation00000
Amortisation00000
Tax-22-108-7,338-5,787-163
Stock00000
Debtors13,860-10,800-84,33395,1330
Creditors-6,930-28,560-27,30638,49231,274
Accruals and Deferred Income-21,655-113,101158,77200
Deferred Taxes & Provisions00000
Cash flow from operations-49,721-137,335246,771-31,98731,851
Investing Activities
capital expenditure00000
Change in Investments00000
cash flow from investments00000
Financing Activities
Bank loans00000
Group/Directors Accounts37,82432,329000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue00100-100100
interest7,3426,93530916120
cash flow from financing45,16639,264409-84220
cash and cash equivalents
cash-4,555-98,071247,180-32,07132,071
overdraft00000
change in cash-4,555-98,071247,180-32,07132,071

softnut ltd 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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Softnut Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for softnut ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N17 area or any other competitors across 12 key performance metrics.

softnut ltd Ownership

SOFTNUT LTD group structure

Softnut Ltd has no subsidiary companies.

Ultimate parent company

SOFTNUT LTD

11948394

SOFTNUT LTD Shareholders

birol goktepe 76%
husniye dogan dag 24%

softnut ltd directors

Softnut Ltd currently has 1 director, Mr Birol Goktepe serving since Apr 2019.

officercountryagestartendrole
Mr Birol GoktepeUnited Kingdom42 years Apr 2019- Director

P&L

January 2024

turnover

155.5k

-31%

operating profit

-7.3k

0%

gross margin

56.7%

-2.36%

turnover

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

Balance Sheet

January 2024

net assets

57.3k

0%

total assets

158.4k

+0.06%

cash

144.6k

-0.03%

net assets

Total assets minus all liabilities

softnut ltd company details

company number

11948394

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

April 2019

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

SAFE ACCOUNTANCY LIMITED

auditor

-

address

60 mill mead road, business center, london, N17 9QU

Bank

-

Legal Advisor

-

softnut 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 softnut ltd.

charges

softnut ltd Companies House Filings - See Documents

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