assure solutions ltd
assure solutions ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
+1Registered Address
creative industries centre, wolverhampton science park, wolverhampton, WV10 9TG
Website
red-eyez.comassure solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSURE SOLUTIONS LTD at £240.4k based on a Turnover of £546k and 0.44x industry multiple (adjusted for size and gross margin).
assure solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSURE SOLUTIONS LTD at £111.2k based on an EBITDA of £28.7k and a 3.88x industry multiple (adjusted for size and gross margin).
assure solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSURE SOLUTIONS LTD at £52.5k based on Net Assets of £23.3k and 2.25x industry multiple (adjusted for liquidity).
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Assure Solutions Ltd Overview
Assure Solutions Ltd is a live company located in wolverhampton, WV10 9TG with a Companies House number of 12740885. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2020, it's largest shareholder is tyler cousins with a 100% stake. Assure Solutions Ltd is a young, small sized company, Pomanda has estimated its turnover at £546k with unknown growth in recent years.
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Assure Solutions Ltd Health Check
Pomanda's financial health check has awarded Assure Solutions Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £546k, make it smaller than the average company (£2.1m)
- Assure Solutions Ltd
£2.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Assure Solutions Ltd
- - Industry AVG
Production
with a gross margin of 37.2%, this company has a comparable cost of product (37.2%)
- Assure Solutions Ltd
37.2% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (4.2%)
- Assure Solutions Ltd
4.2% - Industry AVG
Employees
with 10 employees, this is below the industry average (13)
10 - Assure Solutions Ltd
13 - Industry AVG
Pay Structure
on an average salary of £37.9k, the company has an equivalent pay structure (£37.9k)
- Assure Solutions Ltd
£37.9k - Industry AVG
Efficiency
resulting in sales per employee of £54.6k, this is less efficient (£156.8k)
- Assure Solutions Ltd
£156.8k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (31 days)
- Assure Solutions Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (34 days)
- Assure Solutions Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Assure Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 175 weeks, this is more cash available to meet short term requirements (21 weeks)
175 weeks - Assure Solutions Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.6%, this is a lower level of debt than the average (67.7%)
21.6% - Assure Solutions Ltd
67.7% - Industry AVG
ASSURE SOLUTIONS LTD financials
Assure Solutions Ltd's latest turnover from July 2023 is estimated at £546 thousand and the company has net assets of £23.3 thousand. According to their latest financial statements, Assure Solutions Ltd has 10 employees and maintains cash reserves of £18.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 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 | 10 | 10 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | |
|---|---|---|---|
| Tangible Assets | 773 | 1,031 | 1,374 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 773 | 1,031 | 1,374 |
| Stock & work in progress | 0 | 39,550 | 42,000 |
| Trade Debtors | 10,485 | 4,233 | 4,821 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 18,531 | 5,684 | 9,488 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 29,016 | 49,467 | 56,309 |
| total assets | 29,789 | 50,498 | 57,683 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 5,492 | 16,152 | 20,094 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 5,492 | 16,152 | 20,094 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 950 | 0 | 40,767 |
| other liabilities | 0 | 32,967 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 950 | 32,967 | 40,767 |
| total liabilities | 6,442 | 49,119 | 60,861 |
| net assets | 23,347 | 1,379 | -3,178 |
| total shareholders funds | 23,347 | 1,379 | -3,178 |
| Jul 2023 | Jul 2022 | Jul 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 343 | 343 | |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | -39,550 | -2,450 | 42,000 |
| Debtors | 6,252 | -588 | 4,821 |
| Creditors | -10,660 | -3,942 | 20,094 |
| Accruals and Deferred Income | 950 | -40,767 | 40,767 |
| 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 | -32,967 | 32,967 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 12,847 | -3,804 | 9,488 |
| overdraft | 0 | 0 | 0 |
| change in cash | 12,847 | -3,804 | 9,488 |
assure solutions ltd Credit Report and Business Information
Assure Solutions Ltd Competitor Analysis
Perform a competitor analysis for assure solutions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in WV10 area or any other competitors across 12 key performance metrics.
assure solutions ltd Ownership
ASSURE SOLUTIONS LTD group structure
Assure Solutions Ltd has no subsidiary companies.
Ultimate parent company
ASSURE SOLUTIONS LTD
12740885
assure solutions ltd directors
Assure Solutions Ltd currently has 2 directors. The longest serving directors include Mr Darsan Patel (Jul 2020) and Mr Kyle Frith (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darsan Patel | England | 40 years | Jul 2020 | - | Director |
| Mr Kyle Frith | England | 30 years | Mar 2024 | - | Director |
P&L
July 2023turnover
546k
+593%
operating profit
28.7k
0%
gross margin
37.2%
-1.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
23.3k
+15.93%
total assets
29.8k
-0.41%
cash
18.5k
+2.26%
net assets
Total assets minus all liabilities
Similar Companies
assure solutions ltd company details
company number
12740885
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
82990 - Other business support service activities n.e.c.
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
fast pay operations ltd (May 2024)
red eyez ltd (April 2023)
accountant
-
auditor
-
address
creative industries centre, wolverhampton science park, wolverhampton, WV10 9TG
Bank
-
Legal Advisor
-
assure 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 found 1 charges/mortgages relating to assure solutions ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
assure 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.
Click to start generating capital raising & share issue transactions for ASSURE SOLUTIONS LTD. This can take several minutes, an email will notify you when this has completed.
assure solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
