my business apps ltd

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my business apps ltd Company Information

Share MY BUSINESS APPS LTD

Company Number

12842312

Directors

Adam Irvine

Shareholders

adam irvine

Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

6 westwood road, maidstone, ME15 6BB

my business apps ltd Estimated Valuation

£32.7k

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

£0

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

£0

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

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £59.9k, make it smaller than the average company (£6.6m)

£59.9k - My Business Apps Ltd

£6.6m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - My Business Apps Ltd

- - Industry AVG

production

Production

with a gross margin of 25.3%, this company has a higher cost of product (50.1%)

25.3% - My Business Apps Ltd

50.1% - Industry AVG

profitability

Profitability

an operating margin of -26.2% make it less profitable than the average company (3.3%)

-26.2% - My Business Apps Ltd

3.3% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (39)

1 - My Business Apps Ltd

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.5k, the company has an equivalent pay structure (£71.5k)

£71.5k - My Business Apps Ltd

£71.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £59.9k, this is less efficient (£174.1k)

£59.9k - My Business Apps Ltd

£174.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 55 days, this is near the average (53 days)

55 days - My Business Apps Ltd

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 230 days, this is slower than average (34 days)

230 days - My Business Apps Ltd

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - My Business Apps Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - My Business Apps Ltd

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Aug 2023Aug 2022Aug 2021
Turnover59,87115,2240
Other Income Or Grants000
Cost Of Sales44,72211,1960
Gross Profit15,1494,0280
Admin Expenses30,8318490
Operating Profit-15,6823,1790
Interest Payable000
Interest Receivable000
Pre-Tax Profit-15,6823,1790
Tax0-6040
Profit After Tax-15,6822,5750
Dividends Paid000
Retained Profit-15,6822,5750
Employee Costs71,50667,2890
Number Of Employees110
EBITDA*-15,6823,1790

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021
Tangible Assets38,0558980
Intangible Assets000
Investments & Other000
Debtors (Due After 1 year)000
Total Fixed Assets38,0558980
Stock & work in progress000
Trade Debtors9,1174,5660
Group Debtors000
Misc Debtors000
Cash000
misc current assets000
total current assets9,1174,5660
total assets47,1725,4640
Bank overdraft000
Bank loan000
Trade Creditors 28,1962,8890
Group/Directors Accounts000
other short term finances000
hp & lease commitments000
other current liabilities000
total current liabilities28,1962,8890
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities32,08300
provisions000
total long term liabilities32,08300
total liabilities60,2792,8890
net assets-13,1072,5750
total shareholders funds-13,1072,5750
Aug 2023Aug 2022Aug 2021
Operating Activities
Operating Profit-15,6823,1790
Depreciation000
Amortisation000
Tax0-6040
Stock000
Debtors4,5514,5660
Creditors25,3072,8890
Accruals and Deferred Income000
Deferred Taxes & Provisions000
Cash flow from operations5,0748980
Investing Activities
capital expenditure-37,157-8980
Change in Investments000
cash flow from investments-37,157-8980
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities32,08300
share issue000
interest000
cash flow from financing32,08300
cash and cash equivalents
cash000
overdraft000
change in cash000

my business apps ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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My Business Apps Ltd Competitor Analysis

competitor_analysis_table_img

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 Shareholders

adam irvine 100%

my business apps ltd directors

My Business Apps Ltd currently has 1 director, Mr Adam Irvine serving since Aug 2020.

officercountryagestartendrole
Mr Adam Irvine52 years Aug 2020- Director

P&L

August 2023

turnover

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 2023

net 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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Similar companies unavailable for this selection

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

None

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

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