managed it services group ltd
managed it services group ltd Company Information
Company Number
13042725
Next Accounts
Sep 2025
Shareholders
robert keith
james keay
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
30-32 hanover house, charlotte street, manchester, M1 4FD
Website
-managed it services group ltd Estimated Valuation
Pomanda estimates the enterprise value of MANAGED IT SERVICES GROUP LTD at £11.6m based on a Turnover of £15.7m and 0.74x industry multiple (adjusted for size and gross margin).
managed it services group ltd Estimated Valuation
Pomanda estimates the enterprise value of MANAGED IT SERVICES GROUP LTD at £7.1m based on an EBITDA of £1.4m and a 5.05x industry multiple (adjusted for size and gross margin).
managed it services group ltd Estimated Valuation
Pomanda estimates the enterprise value of MANAGED IT SERVICES GROUP LTD at £0 based on Net Assets of £-6.6m and 2.25x industry multiple (adjusted for liquidity).
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Managed It Services Group Ltd Overview
Managed It Services Group Ltd is a live company located in manchester, M1 4FD with a Companies House number of 13042725. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2020, it's largest shareholder is robert keith with a 47.4% stake. Managed It Services Group Ltd is a young, mid sized company, Pomanda has estimated its turnover at £15.7m with unknown growth in recent years.
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Managed It Services Group Ltd Health Check
Pomanda's financial health check has awarded Managed It Services Group Ltd a 3 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 £15.7m, make it larger than the average company (£7.3m)
£15.7m - Managed It Services Group Ltd
£7.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Managed It Services Group Ltd
- - Industry AVG
Production
with a gross margin of 26.1%, this company has a higher cost of product (51.5%)
26.1% - Managed It Services Group Ltd
51.5% - Industry AVG
Profitability
an operating margin of -11.1% make it less profitable than the average company (3.5%)
-11.1% - Managed It Services Group Ltd
3.5% - Industry AVG
Employees
with 92 employees, this is above the industry average (43)
92 - Managed It Services Group Ltd
43 - Industry AVG
Pay Structure
on an average salary of £46.5k, the company has a lower pay structure (£74.2k)
£46.5k - Managed It Services Group Ltd
£74.2k - Industry AVG
Efficiency
resulting in sales per employee of £170.7k, this is equally as efficient (£178.1k)
£170.7k - Managed It Services Group Ltd
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (52 days)
42 days - Managed It Services Group Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is slower than average (33 days)
49 days - Managed It Services Group Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Managed It Services Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Managed It Services Group Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 148.9%, this is a higher level of debt than the average (64.7%)
148.9% - Managed It Services Group Ltd
64.7% - Industry AVG
MANAGED IT SERVICES GROUP LTD financials
Managed It Services Group Ltd's latest turnover from December 2023 is £15.7 million and the company has net assets of -£6.6 million. According to their latest financial statements, Managed It Services Group Ltd has 92 employees and maintains cash reserves of £730.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | 15,704,232 | 15,595,231 | 1,623,471 |
| Other Income Or Grants | |||
| Cost Of Sales | 11,601,656 | 10,815,517 | 965,465 |
| Gross Profit | 4,102,576 | 4,779,714 | 658,006 |
| Admin Expenses | 5,845,564 | 6,580,599 | 1,018,409 |
| Operating Profit | -1,742,988 | -1,800,885 | -360,403 |
| Interest Payable | 1,718,965 | 1,039,267 | 152,022 |
| Interest Receivable | 31 | 953 | 623 |
| Pre-Tax Profit | -3,461,922 | -2,839,199 | -511,802 |
| Tax | -52,700 | 220,013 | 18,104 |
| Profit After Tax | -3,514,622 | -2,619,186 | -493,698 |
| Dividends Paid | |||
| Retained Profit | -3,514,622 | -2,619,186 | -493,698 |
| Employee Costs | 4,278,470 | 3,886,370 | 488,582 |
| Number Of Employees | 92 | 82 | 20 |
| EBITDA* | 1,410,772 | 641,810 | -38,856 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 454,972 | 213,282 | 91,805 |
| Intangible Assets | 9,442,315 | 12,647,241 | 9,047,141 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 9,897,287 | 12,860,523 | 9,138,946 |
| Stock & work in progress | |||
| Trade Debtors | 1,827,818 | 1,297,591 | 2,301,147 |
| Group Debtors | |||
| Misc Debtors | 1,103,063 | 690,665 | 550,215 |
| Cash | 730,299 | 419,059 | 614,837 |
| misc current assets | |||
| total current assets | 3,661,180 | 2,407,315 | 3,466,199 |
| total assets | 13,558,467 | 15,267,838 | 12,605,145 |
| Bank overdraft | 250,000 | ||
| Bank loan | 1,427,838 | 799,272 | |
| Trade Creditors | 1,574,818 | 1,303,488 | 1,615,284 |
| Group/Directors Accounts | 7,428 | ||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 2,006,031 | 1,783,683 | 4,574,828 |
| total current liabilities | 5,008,687 | 3,886,443 | 6,447,540 |
| loans | 7,132,046 | 8,325,800 | 1,075,072 |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | 7,968,747 | 6,028,166 | 5,460,518 |
| provisions | 76,134 | 140,000 | 115,400 |
| total long term liabilities | 15,176,927 | 14,493,966 | 6,650,990 |
| total liabilities | 20,185,614 | 18,380,409 | 13,098,530 |
| net assets | -6,627,147 | -3,112,571 | -493,385 |
| total shareholders funds | -6,627,147 | -3,112,571 | -493,385 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,742,988 | -1,800,885 | -360,403 |
| Depreciation | 148,834 | 72,295 | 35,487 |
| Amortisation | 3,004,926 | 2,370,400 | 286,060 |
| Tax | -52,700 | 220,013 | 18,104 |
| Stock | |||
| Debtors | 942,625 | -863,106 | 2,851,362 |
| Creditors | 271,330 | -311,796 | 1,615,284 |
| Accruals and Deferred Income | 222,348 | -2,791,145 | 4,574,828 |
| Deferred Taxes & Provisions | -63,866 | 24,600 | 115,400 |
| Cash flow from operations | 845,259 | -1,353,412 | 3,433,398 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 628,566 | 799,272 | |
| Group/Directors Accounts | -7,428 | 7,428 | |
| Other Short Term Loans | |||
| Long term loans | -1,193,754 | 7,250,728 | 1,075,072 |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | 1,940,581 | 567,648 | 5,460,518 |
| share issue | |||
| interest | -1,718,934 | -1,038,314 | -151,399 |
| cash flow from financing | -343,495 | 7,571,906 | 6,391,932 |
| cash and cash equivalents | |||
| cash | 311,240 | -195,778 | 614,837 |
| overdraft | -250,000 | 250,000 | |
| change in cash | 311,240 | 54,222 | 364,837 |
managed it services group ltd Credit Report and Business Information
Managed It Services Group Ltd Competitor Analysis
Perform a competitor analysis for managed it services group ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in M 1 area or any other competitors across 12 key performance metrics.
managed it services group ltd Ownership
MANAGED IT SERVICES GROUP LTD group structure
Managed It Services Group Ltd has 6 subsidiary companies.
Ultimate parent company
MANAGED IT SERVICES GROUP LTD
13042725
6 subsidiaries
managed it services group ltd directors
Managed It Services Group Ltd currently has 6 directors. The longest serving directors include Mr Mark Allen (Nov 2020) and Mr James Keay (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Allen | England | 49 years | Nov 2020 | - | Director |
| Mr James Keay | England | 53 years | May 2021 | - | Director |
| Mr Phil Smith | England | 51 years | May 2021 | - | Director |
| Mr Phil Smith | England | 51 years | May 2021 | - | Director |
| Mr Philip Smith | United Kingdom | 51 years | May 2021 | - | Director |
| Mr Adrian Thirkill | England | 61 years | May 2021 | - | Director |
P&L
December 2023turnover
15.7m
+1%
operating profit
-1.7m
-3%
gross margin
26.2%
-14.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.6m
+1.13%
total assets
13.6m
-0.11%
cash
730.3k
+0.74%
net assets
Total assets minus all liabilities
Similar Companies
managed it services group ltd company details
company number
13042725
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
November 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GOLDWYNS LIMITED
address
30-32 hanover house, charlotte street, manchester, M1 4FD
Bank
-
Legal Advisor
-
managed it services group 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 4 charges/mortgages relating to managed it services group ltd. Currently there are 3 open charges and 1 have been satisfied in the past.
managed it services group 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 MANAGED IT SERVICES GROUP LTD. This can take several minutes, an email will notify you when this has completed.
managed it services group ltd Companies House Filings - See Documents
| date | description | view/download |
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