binary solutions limited
binary solutions limited Company Information
Company Number
12537731
Website
-Registered Address
unit 4 green lane business park, 238 green lane, london, SE9 3TL
Industry
Other information technology and computer service activities
Educational support activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Darren Tye4 Years
Shareholders
darren tye 55%
paula marie tye 45%
binary solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BINARY SOLUTIONS LIMITED at £102.1k based on a Turnover of £152.5k and 0.67x industry multiple (adjusted for size and gross margin).
binary solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BINARY SOLUTIONS LIMITED at £0 based on an EBITDA of £-70 and a 4.07x industry multiple (adjusted for size and gross margin).
binary solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BINARY SOLUTIONS LIMITED at £2.9k based on Net Assets of £1.2k and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Binary Solutions Limited Overview
Binary Solutions Limited is a live company located in london, SE9 3TL with a Companies House number of 12537731. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2020, it's largest shareholder is darren tye with a 55% stake. Binary Solutions Limited is a startup, micro sized company, Pomanda has estimated its turnover at £152.5k with unknown growth in recent years.
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Binary Solutions Limited Health Check
Pomanda's financial health check has awarded Binary Solutions Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £152.5k, make it smaller than the average company (£3.2m)
- Binary Solutions Limited
£3.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Binary Solutions Limited
- - Industry AVG
Production
with a gross margin of 56.4%, this company has a comparable cost of product (56.4%)
- Binary Solutions Limited
56.4% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (3.3%)
- Binary Solutions Limited
3.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (25)
3 - Binary Solutions Limited
25 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- Binary Solutions Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £50.8k, this is less efficient (£104.7k)
- Binary Solutions Limited
£104.7k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (39 days)
- Binary Solutions Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (28 days)
- Binary Solutions Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Binary Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (57 weeks)
1 weeks - Binary Solutions Limited
57 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.3%, this is a higher level of debt than the average (49.5%)
94.3% - Binary Solutions Limited
49.5% - Industry AVG
BINARY SOLUTIONS LIMITED financials
Binary Solutions Limited's latest turnover from March 2023 is estimated at £152.5 thousand and the company has net assets of £1.2 thousand. According to their latest financial statements, Binary Solutions Limited has 3 employees and maintains cash reserves of £412 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| 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 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 1,164 | 1,280 | 1,600 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 1,164 | 1,280 | 1,600 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 10,250 | 0 | 8,616 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 9,999 | 10,585 | 575 |
| Cash | 412 | 12,771 | 16,747 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 20,661 | 23,356 | 25,938 |
| total assets | 21,825 | 24,636 | 27,538 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 99 | 2,022 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 20,477 | 21,284 | 25,182 |
| total current liabilities | 20,576 | 23,306 | 25,182 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 20,576 | 23,306 | 25,182 |
| net assets | 1,249 | 1,330 | 2,356 |
| total shareholders funds | 1,249 | 1,330 | 2,356 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 291 | 320 | 400 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 9,664 | 1,394 | 9,191 |
| Creditors | -1,923 | 2,022 | 0 |
| Accruals and Deferred Income | -807 | -3,898 | 25,182 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -12,359 | -3,976 | 16,747 |
| overdraft | 0 | 0 | 0 |
| change in cash | -12,359 | -3,976 | 16,747 |
binary solutions limited Credit Report and Business Information
Binary Solutions Limited Competitor Analysis
Perform a competitor analysis for binary solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SE9 area or any other competitors across 12 key performance metrics.
binary solutions limited Ownership
BINARY SOLUTIONS LIMITED group structure
Binary Solutions Limited has no subsidiary companies.
Ultimate parent company
BINARY SOLUTIONS LIMITED
12537731
binary solutions limited directors
Binary Solutions Limited currently has 1 director, Mr Darren Tye serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Tye | England | 56 years | Mar 2020 | - | Director |
P&L
March 2023turnover
152.5k
-26%
operating profit
-361.1
0%
gross margin
56.5%
+0.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.2k
-0.06%
total assets
21.8k
-0.11%
cash
412
-0.97%
net assets
Total assets minus all liabilities
Similar Companies
binary solutions limited company details
company number
12537731
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
85600 - Educational support activities
incorporation date
March 2020
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
BAYAR HUGHES & CO LTD
auditor
-
address
unit 4 green lane business park, 238 green lane, london, SE9 3TL
Bank
-
Legal Advisor
-
binary solutions 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 binary solutions limited.
binary solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
