ashtek it solutions ltd
ashtek it solutions ltd Company Information
Company Number
12643438
Website
-Registered Address
suite 114 28-42, olympic house, london, IG1 1BA
Industry
Business and domestic software development
Computer consultancy activities
Telephone
02038072025
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
jyotsna tikkisetty 100%
ashtek it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £59.8k based on a Turnover of £81.1k and 0.74x industry multiple (adjusted for size and gross margin).
ashtek it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £53.4k based on an EBITDA of £10.5k and a 5.1x industry multiple (adjusted for size and gross margin).
ashtek it solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £4.2k based on Net Assets of £9.5k and 0.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ashtek It Solutions Ltd Overview
Ashtek It Solutions Ltd is a live company located in london, IG1 1BA with a Companies House number of 12643438. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2020, it's largest shareholder is jyotsna tikkisetty with a 100% stake. Ashtek It Solutions Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £81.1k with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ashtek It Solutions Ltd Health Check
Pomanda's financial health check has awarded Ashtek It Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £81.1k, make it smaller than the average company (£2.2m)
- Ashtek It Solutions Ltd
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ashtek It Solutions Ltd
- - Industry AVG
Production
with a gross margin of 59.9%, this company has a comparable cost of product (59.9%)
- Ashtek It Solutions Ltd
59.9% - Industry AVG
Profitability
an operating margin of 12.9% make it more profitable than the average company (5.7%)
- Ashtek It Solutions Ltd
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
1 - Ashtek It Solutions Ltd
20 - Industry AVG
Pay Structure
on an average salary of £60k, the company has an equivalent pay structure (£60k)
- Ashtek It Solutions Ltd
£60k - Industry AVG
Efficiency
resulting in sales per employee of £81.1k, this is less efficient (£118.2k)
- Ashtek It Solutions Ltd
£118.2k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (63 days)
- Ashtek It Solutions Ltd
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Ashtek It Solutions Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ashtek It Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (18 weeks)
43 weeks - Ashtek It Solutions Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.8%, this is a similar level of debt than the average (58.5%)
52.8% - Ashtek It Solutions Ltd
58.5% - Industry AVG
ASHTEK IT SOLUTIONS LTD financials
Ashtek It Solutions Ltd's latest turnover from June 2023 is estimated at £81.1 thousand and the company has net assets of £9.5 thousand. According to their latest financial statements, Ashtek It Solutions Ltd has 1 employee and maintains cash reserves of £8.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 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 | 1 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 9,360 | 9,360 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 1,933 | 2,007 | 8,600 |
| Cash | 8,778 | 11,158 | 4,216 |
| misc current assets | 0 | 1 | 0 |
| total current assets | 20,071 | 22,526 | 12,816 |
| total assets | 20,071 | 22,526 | 12,816 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 86 | 702 |
| Group/Directors Accounts | 2,204 | 2,477 | 375 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 8,389 | 18,706 | 7,750 |
| total current liabilities | 10,593 | 21,269 | 8,827 |
| 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 | 10,593 | 21,269 | 8,827 |
| net assets | 9,478 | 1,257 | 3,989 |
| total shareholders funds | 9,478 | 1,257 | 3,989 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -74 | 2,767 | 8,600 |
| Creditors | -86 | -616 | 702 |
| Accruals and Deferred Income | -10,317 | 10,956 | 7,750 |
| 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 | -273 | 2,102 | 375 |
| 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 | -2,380 | 6,942 | 4,216 |
| overdraft | 0 | 0 | 0 |
| change in cash | -2,380 | 6,942 | 4,216 |
ashtek it solutions ltd Credit Report and Business Information
Ashtek It Solutions Ltd Competitor Analysis
Perform a competitor analysis for ashtek it solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
ashtek it solutions ltd Ownership
ASHTEK IT SOLUTIONS LTD group structure
Ashtek It Solutions Ltd has no subsidiary companies.
Ultimate parent company
ASHTEK IT SOLUTIONS LTD
12643438
ashtek it solutions ltd directors
Ashtek It Solutions Ltd currently has 2 directors. The longest serving directors include Mrs Jyotsna Tikkisetty (Jun 2020) and Mr Ayyappa Garlapati (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jyotsna Tikkisetty | England | 41 years | Jun 2020 | - | Director |
| Mr Ayyappa Garlapati | England | 42 years | Jun 2024 | - | Director |
P&L
June 2023turnover
81.1k
-29%
operating profit
10.5k
0%
gross margin
60%
-1.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
9.5k
+6.54%
total assets
20.1k
-0.11%
cash
8.8k
-0.21%
net assets
Total assets minus all liabilities
Similar Companies
ashtek it solutions ltd company details
company number
12643438
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62020 - Computer consultancy activities
incorporation date
June 2020
age
4
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
suite 114 28-42, olympic house, london, IG1 1BA
accountant
-
auditor
-
ashtek it solutions 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 ashtek it solutions ltd.
ashtek it solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
