Pomanda estimates the enterprise value of FUTUREFIELD IT SOLUTIONS LTD at £167k based on a Turnover of £272.9k and 0.61x industry multiple (adjusted for size and gross margin).
futurefield it solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of FUTUREFIELD IT SOLUTIONS LTD at £0 based on an EBITDA of £-41.9k and a 4.16x industry multiple (adjusted for size and gross margin).
futurefield it solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of FUTUREFIELD IT SOLUTIONS LTD at £0 based on Net Assets of £-4.2k and 2.26x industry multiple (adjusted for liquidity).
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Futurefield It Solutions LtdOverview
Futurefield It Solutions Ltd is a live company located in ilford, IG1 4PU with a Companies House number of 13071876. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in December 2020, it's largest shareholder is
dewan zaky hasan ashrafi
with a 100% stake. Futurefield It Solutions Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£272.9k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Futurefield It Solutions Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating0.5out of 5
0 Strong
2 Regular
7 Weak
Size
annual sales of £272.9k, make it smaller than the average company (£3.2m)
£272.9k - Futurefield It Solutions Ltd
£3.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Futurefield It Solutions Ltd
- - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
45.2% - Futurefield It Solutions Ltd
45.2% - Industry AVG
Profitability
an operating margin of -15.4% make it less profitable than the average company (5.8%)
-15.4% - Futurefield It Solutions Ltd
5.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (21)
3 - Futurefield It Solutions Ltd
21 - Industry AVG
Pay Structure
on an average salary of £63.2k, the company has an equivalent pay structure (£63.2k)
£63.2k - Futurefield It Solutions Ltd
£63.2k - Industry AVG
Efficiency
resulting in sales per employee of £91k, this is less efficient (£138.7k)
£91k - Futurefield It Solutions Ltd
£138.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Futurefield It Solutions Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (28 days)
9 days - Futurefield It Solutions Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Futurefield It Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is less cash available to meet short term requirements (16 weeks)
9 weeks - Futurefield It Solutions Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.6%, this is a higher level of debt than the average (58.8%)
106.6% - Futurefield It Solutions Ltd
58.8% - Industry AVG
FUTUREFIELD IT SOLUTIONS LTD financials
EXPORT
Futurefield It Solutions Ltd's latest turnover from December 2023 is estimated at £272.9 thousand and the company has net assets of -£4.2 thousand. According to their latest financial statements, Futurefield It Solutions Ltd has 3 employees and maintains cash reserves of £12.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Turnover
272,852
393,476
Other Income Or Grants
Cost Of Sales
149,580
212,447
Gross Profit
123,272
181,029
Admin Expenses
165,201
130,786
4,027
Operating Profit
-41,929
50,243
-4,027
Interest Payable
Interest Receivable
747
281
Pre-Tax Profit
-41,182
50,525
-4,027
Tax
-9,600
Profit After Tax
-41,182
40,925
-4,027
Dividends Paid
Retained Profit
-41,182
40,925
-4,027
Employee Costs
189,517
175,966
Number Of Employees
3
3
EBITDA*
-41,929
50,243
-4,027
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Tangible Assets
1,243
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,243
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
49,200
63,700
Cash
12,696
15,746
323
misc current assets
total current assets
61,896
79,446
323
total assets
63,139
79,446
323
Bank overdraft
Bank loan
Trade Creditors
3,728
Group/Directors Accounts
32,678
34,170
4,250
other short term finances
hp & lease commitments
other current liabilities
30,917
8,278
total current liabilities
67,323
42,448
4,250
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
67,323
42,448
4,250
net assets
-4,184
36,998
-3,927
total shareholders funds
-4,184
36,998
-3,927
Dec 2023
Dec 2022
Dec 2021
Operating Activities
Operating Profit
-41,929
50,243
-4,027
Depreciation
Amortisation
Tax
-9,600
Stock
Debtors
-14,500
63,700
Creditors
3,728
Accruals and Deferred Income
22,639
8,278
Deferred Taxes & Provisions
Cash flow from operations
-1,062
-14,779
-4,027
Investing Activities
capital expenditure
-1,243
Change in Investments
cash flow from investments
-1,243
Financing Activities
Bank loans
Group/Directors Accounts
-1,492
29,920
4,250
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
747
281
cash flow from financing
-745
30,201
4,350
cash and cash equivalents
cash
-3,050
15,423
323
overdraft
change in cash
-3,050
15,423
323
futurefield it solutions 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 futurefield it solutions ltd. Get real-time insights into futurefield it solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for futurefield it solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
futurefield it solutions ltd Ownership
FUTUREFIELD IT SOLUTIONS LTD group structure
Futurefield It Solutions Ltd has no subsidiary companies.
Ultimate parent company
FUTUREFIELD IT SOLUTIONS LTD
13071876
FUTUREFIELD IT SOLUTIONS LTD Shareholders
The sole shareholder of Futurefield It Solutions Ltd is Dewan Zaky Hasan Ashrafi.
dewan zaky hasan ashrafi
100%
futurefield it solutions ltd directors
Futurefield It Solutions Ltd currently has 1 director, Mr Dewan Ashrafi serving since Dec 2020.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
-4.2k
-1.11%
total assets
63.1k
-0.21%
cash
12.7k
-0.19%
net assets
Total assets minus all liabilities
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futurefield it solutions ltd company details
company number
13071876
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
December 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
103 t-1, cranbrook road, ilford, essex, IG1 4PU
Bank
-
Legal Advisor
-
futurefield it 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 did not find charges/mortgages relating to futurefield it solutions ltd.
futurefield it 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.
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futurefield it solutions ltdCompanies House Filings - See Documents
