Other information technology and computer service activities
+1
Registered Address
the retreat, 406 roding lane south, woodford green, essex, IG8 8EY
Website
-
ir tech it consultancy ltdEstimated Valuation
£96k
Pomanda estimates the enterprise value of IR TECH IT CONSULTANCY LTD at £96k based on a Turnover of £138.5k and 0.69x industry multiple (adjusted for size and gross margin).
ir tech it consultancy ltdEstimated Valuation
£32.1k
Pomanda estimates the enterprise value of IR TECH IT CONSULTANCY LTD at £32.1k based on an EBITDA of £6.7k and a 4.8x industry multiple (adjusted for size and gross margin).
ir tech it consultancy ltdEstimated Valuation
£69.2k
Pomanda estimates the enterprise value of IR TECH IT CONSULTANCY LTD at £69.2k based on Net Assets of £30.5k and 2.27x industry multiple (adjusted for liquidity).
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Ir Tech It Consultancy LtdOverview
Ir Tech It Consultancy Ltd is a live company located in woodford green, IG8 8EY with a Companies House number of 12958115. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2020, it's largest shareholder is
sunil jeram
with a 50% stake. Ir Tech It Consultancy Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£138.5k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Ir Tech It Consultancy 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
Health Rating4out of 5
3 Strong
3 Regular
3 Weak
Size
annual sales of £138.5k, make it smaller than the average company (£3.9m)
£138.5k - Ir Tech It Consultancy Ltd
£3.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Ir Tech It Consultancy Ltd
- - Industry AVG
Production
with a gross margin of 49.3%, this company has a comparable cost of product (49.3%)
49.3% - Ir Tech It Consultancy Ltd
49.3% - Industry AVG
Profitability
an operating margin of 4.5% make it as profitable than the average company (5.1%)
4.5% - Ir Tech It Consultancy Ltd
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (26)
2 - Ir Tech It Consultancy Ltd
26 - Industry AVG
Pay Structure
on an average salary of £64.1k, the company has an equivalent pay structure (£64.1k)
£64.1k - Ir Tech It Consultancy Ltd
£64.1k - Industry AVG
Efficiency
resulting in sales per employee of £69.3k, this is less efficient (£149.7k)
£69.3k - Ir Tech It Consultancy Ltd
£149.7k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (58 days)
19 days - Ir Tech It Consultancy Ltd
58 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ir Tech It Consultancy Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ir Tech It Consultancy Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 137 weeks, this is more cash available to meet short term requirements (16 weeks)
137 weeks - Ir Tech It Consultancy Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30%, this is a lower level of debt than the average (60.3%)
30% - Ir Tech It Consultancy Ltd
60.3% - Industry AVG
IR TECH IT CONSULTANCY LTD financials
EXPORT
Ir Tech It Consultancy Ltd's latest turnover from October 2023 is estimated at £138.5 thousand and the company has net assets of £30.5 thousand. According to their latest financial statements, Ir Tech It Consultancy Ltd has 2 employees and maintains cash reserves of £34.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Oct 2021
Turnover
138,549
283,626
127,876
Other Income Or Grants
Cost Of Sales
70,284
142,591
64,533
Gross Profit
68,265
141,034
63,343
Admin Expenses
61,993
128,464
46,440
Operating Profit
6,272
12,570
16,903
Interest Payable
Interest Receivable
1,839
530
6
Pre-Tax Profit
8,111
13,100
16,909
Tax
-2,028
-2,489
-3,213
Profit After Tax
6,083
10,611
13,696
Dividends Paid
Retained Profit
6,083
10,611
13,696
Employee Costs
128,272
119,809
112,871
Number Of Employees
2
2
2
EBITDA*
6,691
12,744
17,069
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Oct 2021
Tangible Assets
1,294
568
513
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,294
568
513
Stock & work in progress
Trade Debtors
7,296
8,035
Group Debtors
Misc Debtors
409
290
178
Cash
34,531
35,530
11,563
misc current assets
total current assets
42,236
35,820
19,776
total assets
43,530
36,388
20,289
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
13,040
11,981
6,493
total current liabilities
13,040
11,981
6,493
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
13,040
11,981
6,493
net assets
30,490
24,407
13,796
total shareholders funds
30,490
24,407
13,796
Oct 2023
Oct 2022
Oct 2021
Operating Activities
Operating Profit
6,272
12,570
16,903
Depreciation
419
174
166
Amortisation
Tax
-2,028
-2,489
-3,213
Stock
Debtors
7,415
-7,923
8,213
Creditors
Accruals and Deferred Income
1,059
5,488
6,493
Deferred Taxes & Provisions
Cash flow from operations
-1,693
23,666
12,136
Investing Activities
capital expenditure
-1,145
-229
-679
Change in Investments
cash flow from investments
-1,145
-229
-679
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
1,839
530
6
cash flow from financing
1,839
530
106
cash and cash equivalents
cash
-999
23,967
11,563
overdraft
change in cash
-999
23,967
11,563
ir tech it consultancy 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 ir tech it consultancy ltd. Get real-time insights into ir tech it consultancy ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ir tech it consultancy ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in IG8 area or any other competitors across 12 key performance metrics.
ir tech it consultancy ltd Ownership
IR TECH IT CONSULTANCY LTD group structure
Ir Tech It Consultancy Ltd has no subsidiary companies.
Ultimate parent company
IR TECH IT CONSULTANCY LTD
12958115
IR TECH IT CONSULTANCY LTD Shareholders
The largest shareholders in Ir Tech It Consultancy Ltd include Sunil Jeram and Bhavneeta Chhaganlal Patel.
sunil jeram
50%
bhavneeta chhaganlal patel
50%
ir tech it consultancy ltd directors
Ir Tech It Consultancy Ltd currently has 2 directors.
The longest serving directors include
Mrs Bhavneeta Jeram (Oct 2020) and
Mr Sunil Jeram (Oct 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023
net assets
30.5k
+0.25%
total assets
43.5k
+0.2%
cash
34.5k
-0.03%
net assets
Total assets minus all liabilities
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ir tech it consultancy ltd company details
company number
12958115
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
62020 - Computer consultancy activities
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
NORDENS
auditor
-
address
the retreat, 406 roding lane south, woodford green, essex, IG8 8EY
Bank
-
Legal Advisor
-
ir tech it consultancy 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 ir tech it consultancy ltd.
ir tech it consultancy 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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ir tech it consultancy ltdCompanies House Filings - See Documents
