my business apps ltd Company Information
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
6 westwood road, maidstone, ME15 6BB
Website
mybusinessapps.co.ukmy business apps ltd Estimated Valuation
Pomanda estimates the enterprise value of MY BUSINESS APPS LTD at £32.7k based on a Turnover of £59.9k and 0.55x industry multiple (adjusted for size and gross margin).
my business apps ltd Estimated Valuation
Pomanda estimates the enterprise value of MY BUSINESS APPS LTD at £0 based on an EBITDA of £-15.7k and a 3.73x industry multiple (adjusted for size and gross margin).
my business apps ltd Estimated Valuation
Pomanda estimates the enterprise value of MY BUSINESS APPS LTD at £0 based on Net Assets of £-13.1k and 2.26x industry multiple (adjusted for liquidity).
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My Business Apps Ltd Overview
My Business Apps Ltd is a live company located in maidstone, ME15 6BB with a Companies House number of 12842312. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 2020, it's largest shareholder is adam irvine with a 100% stake. My Business Apps Ltd is a young, micro sized company, Pomanda has estimated its turnover at £59.9k with unknown growth in recent years.
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My Business Apps Ltd Health Check
Pomanda's financial health check has awarded My Business Apps Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
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1 Strong
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2 Regular
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6 Weak
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Size
annual sales of £59.9k, make it smaller than the average company (£6.6m)
- My Business Apps Ltd
£6.6m - Industry AVG
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Growth
There is insufficient data available for this Key Performance Indicator!
- My Business Apps Ltd
- - Industry AVG
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Production
with a gross margin of 25.3%, this company has a higher cost of product (50.1%)
- My Business Apps Ltd
50.1% - Industry AVG
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Profitability
an operating margin of -26.2% make it less profitable than the average company (3.3%)
- My Business Apps Ltd
3.3% - Industry AVG
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Employees
with 1 employees, this is below the industry average (39)
1 - My Business Apps Ltd
39 - Industry AVG
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Pay Structure
on an average salary of £71.5k, the company has an equivalent pay structure (£71.5k)
- My Business Apps Ltd
£71.5k - Industry AVG
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Efficiency
resulting in sales per employee of £59.9k, this is less efficient (£174.1k)
- My Business Apps Ltd
£174.1k - Industry AVG
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Debtor Days
it gets paid by customers after 55 days, this is near the average (53 days)
- My Business Apps Ltd
53 days - Industry AVG
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Creditor Days
its suppliers are paid after 230 days, this is slower than average (34 days)
- My Business Apps Ltd
34 days - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- My Business Apps Ltd
- - Industry AVG
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - My Business Apps Ltd
- - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 127.8%, this is a higher level of debt than the average (63%)
127.8% - My Business Apps Ltd
63% - Industry AVG
MY BUSINESS APPS LTD financials
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My Business Apps Ltd's latest turnover from August 2023 is estimated at £59.9 thousand and the company has net assets of -£13.1 thousand. According to their latest financial statements, My Business Apps Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 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 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | |
---|---|---|---|
Tangible Assets | 38,055 | 898 | 0 |
Intangible Assets | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 |
Total Fixed Assets | 38,055 | 898 | 0 |
Stock & work in progress | 0 | 0 | 0 |
Trade Debtors | 9,117 | 4,566 | 0 |
Group Debtors | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 |
Cash | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 |
total current assets | 9,117 | 4,566 | 0 |
total assets | 47,172 | 5,464 | 0 |
Bank overdraft | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 |
Trade Creditors | 28,196 | 2,889 | 0 |
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 | 28,196 | 2,889 | 0 |
loans | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 |
other liabilities | 32,083 | 0 | 0 |
provisions | 0 | 0 | 0 |
total long term liabilities | 32,083 | 0 | 0 |
total liabilities | 60,279 | 2,889 | 0 |
net assets | -13,107 | 2,575 | 0 |
total shareholders funds | -13,107 | 2,575 | 0 |
Aug 2023 | Aug 2022 | Aug 2021 | |
---|---|---|---|
Operating Activities | |||
Operating Profit | |||
Depreciation | 0 | ||
Amortisation | 0 | ||
Tax | |||
Stock | 0 | 0 | 0 |
Debtors | 4,551 | 4,566 | 0 |
Creditors | 25,307 | 2,889 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 |
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 | 32,083 | 0 | 0 |
share issue | |||
interest | |||
cash flow from financing | |||
cash and cash equivalents | |||
cash | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 |
my business apps ltd Credit Report and Business Information
My Business Apps Ltd Competitor Analysis
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Perform a competitor analysis for my business apps ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in ME15 area or any other competitors across 12 key performance metrics.
my business apps ltd Ownership
MY BUSINESS APPS LTD group structure
My Business Apps Ltd has no subsidiary companies.
Ultimate parent company
MY BUSINESS APPS LTD
12842312
my business apps ltd directors
My Business Apps Ltd currently has 1 director, Mr Adam Irvine serving since Aug 2020.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Adam Irvine | 52 years | Aug 2020 | - | Director |
P&L
August 2023turnover
59.9k
+293%
operating profit
-15.7k
0%
gross margin
25.4%
-4.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-13.1k
-6.09%
total assets
47.2k
+7.63%
cash
0
0%
net assets
Total assets minus all liabilities
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my business apps ltd company details
company number
12842312
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
August 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
6 westwood road, maidstone, ME15 6BB
Bank
-
Legal Advisor
-
my business apps 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 my business apps ltd.
my business apps 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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my business apps ltd Companies House Filings - See Documents
date | description | view/download |
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