mighty simple ltd
mighty simple ltd Company Information
Group Structure
View All
Industry
Business and domestic software development
Registered Address
3-4 sentinel square, london, london, NW4 2EL
Website
-mighty simple ltd Estimated Valuation
Pomanda estimates the enterprise value of MIGHTY SIMPLE LTD at £81.9k based on a Turnover of £122.3k and 0.67x industry multiple (adjusted for size and gross margin).
mighty simple ltd Estimated Valuation
Pomanda estimates the enterprise value of MIGHTY SIMPLE LTD at £47.7k based on an EBITDA of £11.7k and a 4.08x industry multiple (adjusted for size and gross margin).
mighty simple ltd Estimated Valuation
Pomanda estimates the enterprise value of MIGHTY SIMPLE LTD at £58.7k based on Net Assets of £24.7k and 2.38x industry multiple (adjusted for liquidity).
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Mighty Simple Ltd Overview
Mighty Simple Ltd is a live company located in london, NW4 2EL with a Companies House number of 13208074. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2021, it's largest shareholder is harpal singh with a 100% stake. Mighty Simple Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £122.3k with unknown growth in recent years.
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Mighty Simple Ltd Health Check
Pomanda's financial health check has awarded Mighty Simple Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £122.3k, make it smaller than the average company (£3.7m)
- Mighty Simple Ltd
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mighty Simple Ltd
- - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (72.1%)
- Mighty Simple Ltd
72.1% - Industry AVG
Profitability
an operating margin of 9.6% make it more profitable than the average company (3.9%)
- Mighty Simple Ltd
3.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (33)
1 - Mighty Simple Ltd
33 - Industry AVG
Pay Structure
on an average salary of £68.1k, the company has an equivalent pay structure (£68.1k)
- Mighty Simple Ltd
£68.1k - Industry AVG
Efficiency
resulting in sales per employee of £122.3k, this is equally as efficient (£118.5k)
- Mighty Simple Ltd
£118.5k - Industry AVG
Debtor Days
it gets paid by customers after 146 days, this is later than average (59 days)
- Mighty Simple Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 208 days, this is slower than average (39 days)
- Mighty Simple Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mighty Simple Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mighty Simple Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.8%, this is a similar level of debt than the average (59%)
62.8% - Mighty Simple Ltd
59% - Industry AVG
MIGHTY SIMPLE LTD financials
Mighty Simple Ltd's latest turnover from March 2024 is estimated at £122.3 thousand and the company has net assets of £24.7 thousand. According to their latest financial statements, Mighty Simple Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| 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 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Tangible Assets | 17,295 | 4,173 | 5,788 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 17,295 | 4,173 | 5,788 |
| Stock & work in progress | |||
| Trade Debtors | 49,066 | 145,919 | 122,931 |
| Group Debtors | |||
| Misc Debtors | |||
| Cash | |||
| misc current assets | |||
| total current assets | 49,066 | 145,919 | 122,931 |
| total assets | 66,361 | 150,092 | 128,719 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 40,558 | 133,061 | 43,579 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | |||
| total current liabilities | 40,558 | 133,061 | 43,579 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | 1,100 | 1,100 | 1,000 |
| other liabilities | |||
| provisions | 39,294 | ||
| total long term liabilities | 1,100 | 1,100 | 40,294 |
| total liabilities | 41,658 | 134,161 | 83,873 |
| net assets | 24,703 | 15,931 | 44,846 |
| total shareholders funds | 24,703 | 15,931 | 44,846 |
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | -96,853 | 22,988 | 122,931 |
| Creditors | -92,503 | 89,482 | 43,579 |
| Accruals and Deferred Income | 100 | 1,000 | |
| Deferred Taxes & Provisions | -39,294 | 39,294 | |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| 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 | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
mighty simple ltd Credit Report and Business Information
Mighty Simple Ltd Competitor Analysis
Perform a competitor analysis for mighty simple ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in NW4 area or any other competitors across 12 key performance metrics.
mighty simple ltd Ownership
MIGHTY SIMPLE LTD group structure
Mighty Simple Ltd has no subsidiary companies.
Ultimate parent company
MIGHTY SIMPLE LTD
13208074
mighty simple ltd directors
Mighty Simple Ltd currently has 1 director, Mr Harpal Singh serving since Feb 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harpal Singh | United Kingdom | 42 years | Feb 2021 | - | Director |
P&L
March 2024turnover
122.3k
-57%
operating profit
11.7k
0%
gross margin
41.9%
+0.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
24.7k
+0.55%
total assets
66.4k
-0.56%
cash
0
0%
net assets
Total assets minus all liabilities
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mighty simple ltd company details
company number
13208074
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
February 2021
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
3-4 sentinel square, london, london, NW4 2EL
Bank
-
Legal Advisor
-
mighty simple 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 mighty simple ltd.
mighty simple 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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mighty simple ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
