Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £30k based on a Turnover of £55.2k and 0.54x industry multiple (adjusted for size and gross margin).
ashtek it solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £0 based on an EBITDA of £-10k and a 3.45x industry multiple (adjusted for size and gross margin).
ashtek it solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ASHTEK IT SOLUTIONS LTD at £0 based on Net Assets of £-197 and 2.31x industry multiple (adjusted for liquidity).
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Ashtek It Solutions LtdOverview
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 young,
micro sized company, Pomanda has estimated its turnover at
£55.2k with
declining
growth in recent years.
Pomanda's financial health check has awarded Ashtek It Solutions Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
1 Regular
9 Weak
Size
annual sales of £55.2k, make it smaller than the average company (£3m)
£55.2k - Ashtek It Solutions Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (10.9%)
-20% - Ashtek It Solutions Ltd
10.9% - Industry AVG
Production
with a gross margin of 33.5%, this company has a higher cost of product (59.2%)
33.5% - Ashtek It Solutions Ltd
59.2% - Industry AVG
Profitability
an operating margin of -18% make it less profitable than the average company (4.9%)
-18% - Ashtek It Solutions Ltd
4.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (26)
1 - Ashtek It Solutions Ltd
26 - Industry AVG
Pay Structure
on an average salary of £64.9k, the company has an equivalent pay structure (£64.9k)
£64.9k - Ashtek It Solutions Ltd
£64.9k - Industry AVG
Efficiency
resulting in sales per employee of £55.2k, this is less efficient (£128.6k)
£55.2k - Ashtek It Solutions Ltd
£128.6k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (59 days)
87 days - Ashtek It Solutions Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 153 days, this is slower than average (34 days)
153 days - Ashtek It Solutions Ltd
34 days - 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 6 weeks, this is less cash available to meet short term requirements (17 weeks)
6 weeks - Ashtek It Solutions Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.3%, this is a higher level of debt than the average (57.9%)
101.3% - Ashtek It Solutions Ltd
57.9% - Industry AVG
ASHTEK IT SOLUTIONS LTD financials
EXPORT
Ashtek It Solutions Ltd's latest turnover from June 2024 is estimated at £55.2 thousand and the company has net assets of -£197. According to their latest financial statements, Ashtek It Solutions Ltd has 1 employee and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Turnover
55,167
75,912
69,595
108,957
Other Income Or Grants
Cost Of Sales
36,681
49,926
44,848
71,372
Gross Profit
18,487
25,986
24,747
37,586
Admin Expenses
28,444
15,523
27,575
32,787
Operating Profit
-9,957
10,463
-2,828
4,799
Interest Payable
Interest Receivable
282
498
96
2
Pre-Tax Profit
-9,675
10,961
-2,732
4,801
Tax
-2,740
-912
Profit After Tax
-9,675
8,221
-2,732
3,889
Dividends Paid
Retained Profit
-9,675
8,221
-2,732
3,889
Employee Costs
64,904
123,504
115,654
107,660
Number Of Employees
1
2
2
2
EBITDA*
-9,957
10,463
-2,828
4,799
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
13,293
11,293
9,360
Group Debtors
Misc Debtors
2,007
8,600
Cash
1,965
8,778
11,158
4,216
misc current assets
1
total current assets
15,258
20,071
22,526
12,816
total assets
15,258
20,071
22,526
12,816
Bank overdraft
Bank loan
Trade Creditors
15,455
10,593
86
702
Group/Directors Accounts
2,477
375
other short term finances
hp & lease commitments
other current liabilities
18,706
7,750
total current liabilities
15,455
10,593
21,269
8,827
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
15,455
10,593
21,269
8,827
net assets
-197
9,478
1,257
3,989
total shareholders funds
-197
9,478
1,257
3,989
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Operating Activities
Operating Profit
-9,957
10,463
-2,828
4,799
Depreciation
Amortisation
Tax
-2,740
-912
Stock
Debtors
2,000
-74
2,767
8,600
Creditors
4,862
10,507
-616
702
Accruals and Deferred Income
-18,706
10,956
7,750
Deferred Taxes & Provisions
Cash flow from operations
-7,095
-402
4,745
3,739
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-2,477
2,102
375
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
282
498
96
2
cash flow from financing
282
-1,979
2,198
477
cash and cash equivalents
cash
-6,813
-2,380
6,942
4,216
overdraft
change in cash
-6,813
-2,380
6,942
4,216
ashtek it solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ashtek it solutions ltd. Get real-time insights into ashtek it solutions ltd's credit score, group structure and payment trends.
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 Shareholders
The sole shareholder of Ashtek It Solutions Ltd is Jyotsna Tikkisetty.
jyotsna tikkisetty
100%
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).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024
net assets
-197
-1.02%
total assets
15.3k
-0.24%
cash
2k
-0.78%
net assets
Total assets minus all liabilities
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ashtek it solutions ltd company details
company number
12643438
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62012 - Business and domestic software development
incorporation date
June 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
-
address
suite 114 28-42, olympic house, london, IG1 1BA
Bank
-
Legal Advisor
-
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 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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ashtek it solutions ltdCompanies House Filings - See Documents
