inisoft limited
inisoft limited Company Information
Company Number
SC290311
Website
www.inisoft.co.ukRegistered Address
citypoint 21 tyndrum street, glasgow, G4 0JY
Industry
Business and domestic software development
Telephone
08006681290
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
response (building rewarding relationships) ltd 100%
inisoft limited Estimated Valuation
Pomanda estimates the enterprise value of INISOFT LIMITED at £455.6k based on a Turnover of £1.2m and 0.38x industry multiple (adjusted for size and gross margin).
inisoft limited Estimated Valuation
Pomanda estimates the enterprise value of INISOFT LIMITED at £0 based on an EBITDA of £-343.5k and a 2.53x industry multiple (adjusted for size and gross margin).
inisoft limited Estimated Valuation
Pomanda estimates the enterprise value of INISOFT LIMITED at £3.6m based on Net Assets of £1.6m and 2.31x industry multiple (adjusted for liquidity).
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Inisoft Limited Overview
Inisoft Limited is a live company located in glasgow, G4 0JY with a Companies House number of SC290311. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2005, it's largest shareholder is response (building rewarding relationships) ltd with a 100% stake. Inisoft Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Inisoft Limited Health Check
Pomanda's financial health check has awarded Inisoft Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£3.4m)
£1.2m - Inisoft Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.4%)
-3% - Inisoft Limited
8.4% - Industry AVG
Production
with a gross margin of -4.1%, this company has a higher cost of product (72.4%)
-4.1% - Inisoft Limited
72.4% - Industry AVG
Profitability
an operating margin of -29.3% make it less profitable than the average company (3.7%)
-29.3% - Inisoft Limited
3.7% - Industry AVG
Employees
with 18 employees, this is below the industry average (31)
18 - Inisoft Limited
31 - Industry AVG
Pay Structure
on an average salary of £58.4k, the company has an equivalent pay structure (£66.1k)
£58.4k - Inisoft Limited
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £66.8k, this is less efficient (£112.4k)
£66.8k - Inisoft Limited
£112.4k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is earlier than average (61 days)
45 days - Inisoft Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (44 days)
13 days - Inisoft Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Inisoft Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (19 weeks)
8 weeks - Inisoft Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.8%, this is a lower level of debt than the average (60.6%)
17.8% - Inisoft Limited
60.6% - Industry AVG
INISOFT LIMITED financials
Inisoft Limited's latest turnover from June 2023 is £1.2 million and the company has net assets of £1.6 million. According to their latest financial statements, Inisoft Limited has 18 employees and maintains cash reserves of £51.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,201,730 | 1,287,971 | 1,439,862 | 1,301,759 | 1,198,764 | 1,245,808 | 1,569,381 | 1,815,527 | 1,711,453 | 1,560,489 | 1,424,411 | 1,452,771 | 2,400,022 | 2,721,071 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,251,650 | 1,043,812 | 971,348 | 924,372 | 916,564 | 881,652 | 1,040,389 | 818,447 | 810,730 | 831,946 | 769,701 | 946,121 | 1,371,348 | 1,605,652 |
| Gross Profit | -49,920 | 244,159 | 468,514 | 377,387 | 282,200 | 364,156 | 528,992 | 997,080 | 900,723 | 728,543 | 654,710 | 506,650 | 1,028,674 | 1,115,419 |
| Admin Expenses | 302,290 | 352,993 | 265,250 | 340,377 | 362,052 | 469,478 | 586,031 | 273,824 | 424,753 | 683,680 | 193,939 | 46,638 | 271,566 | 918,802 |
| Operating Profit | -352,210 | -108,834 | 203,264 | 37,010 | -79,852 | -105,322 | -57,039 | 723,256 | 475,970 | 44,863 | 460,771 | 460,012 | 757,108 | 196,617 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 12 | 67 | 22 |
| Interest Receivable | 0 | 0 | 0 | 151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,175 |
| Pre-Tax Profit | -352,210 | -108,834 | 203,264 | 37,161 | -79,852 | -105,322 | -57,039 | 723,256 | 475,970 | 499,903 | 460,767 | 460,000 | 757,041 | 205,770 |
| Tax | -10,643 | -624 | -36,309 | -5,319 | -2,632 | 1,983 | 27,499 | -12,239 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -362,853 | -109,458 | 166,955 | 31,842 | -82,484 | -103,339 | -29,540 | 711,017 | 475,970 | 499,903 | 460,767 | 460,000 | 757,041 | 205,770 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -362,853 | -109,458 | 166,955 | 31,842 | -82,484 | -103,339 | -29,540 | 711,017 | 475,970 | -1,500,097 | 460,767 | 460,000 | 757,041 | 205,770 |
| Employee Costs | 1,051,512 | 942,241 | 737,809 | 750,812 | 910,391 | 888,731 | 1,071,319 | 903,527 | 846,739 | 866,440 | 781,699 | 700,284 | 1,026,501 | 1,677,862 |
| Number Of Employees | 18 | 18 | 17 | 16 | 13 | 21 | 24 | 20 | 18 | 19 | 18 | 18 | 25 | 34 |
| EBITDA* | -343,459 | -103,101 | 210,948 | 48,724 | -65,906 | -91,224 | -46,078 | 731,880 | 480,495 | 44,863 | 466,562 | 477,955 | 832,213 | 314,719 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,576 | 6,588 | 9,457 | 6,534 | 18,149 | 26,163 | 19,014 | 14,757 | 19,033 | 0 | 0 | 5,791 | 23,734 | 47,951 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,888 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,269 | 51,269 | 51,269 | 51,269 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 47,576 | 6,588 | 9,457 | 6,534 | 18,149 | 26,163 | 19,014 | 14,757 | 19,033 | 0 | 51,269 | 57,060 | 75,003 | 150,108 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 149,577 | 224,355 | 215,138 | 287,630 | 131,554 | 355,799 | 283,402 | 565,471 | 376,079 | 351,340 | 494,002 | 248,573 | 612,279 | 467,351 |
| Group Debtors | 1,592,784 | 1,863,821 | 2,211,466 | 2,181,785 | 2,401,945 | 2,153,503 | 2,521,764 | 2,096,202 | 1,414,677 | 1,188,275 | 4,023,169 | 2,856,307 | 1,418,214 | 883,760 |
| Misc Debtors | 50,358 | 160,100 | 112,654 | 110,562 | 186,238 | 84,217 | 63,213 | 39,397 | 1,254 | 4,555 | 14,359 | 3,039 | 100,654 | 39,928 |
| Cash | 51,748 | 5,409 | 481,582 | 161,949 | 33,777 | 317,607 | 33,647 | 70,722 | 239,832 | 0 | 0 | 91 | 100 | 52 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,844,467 | 2,253,685 | 3,020,840 | 2,741,926 | 2,753,514 | 2,911,126 | 2,902,026 | 2,771,792 | 2,031,842 | 1,544,170 | 4,531,530 | 3,108,010 | 2,131,247 | 1,391,091 |
| total assets | 1,892,043 | 2,260,273 | 3,030,297 | 2,748,460 | 2,771,663 | 2,937,289 | 2,921,040 | 2,786,549 | 2,050,875 | 1,544,170 | 4,582,799 | 3,165,070 | 2,206,250 | 1,541,199 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 9 | 0 | 0 | 1,817 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 45,657 | 65,084 | 79,481 | 12,498 | 67,565 | 6,841 | 11,581 | 2,684 | 13,258 | 78,535 | 74,344 | 61,372 | 78,305 | 59,261 |
| Group/Directors Accounts | 8,784 | 85,515 | 617,327 | 604,190 | 598,623 | 593,749 | 461,831 | 331,326 | 190,224 | 0 | 1,499,865 | 768,289 | 108,722 | 213,499 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 277,054 | 192,456 | 306,813 | 272,051 | 277,596 | 426,336 | 433,926 | 409,297 | 515,168 | 609,369 | 652,229 | 439,824 | 583,638 | 588,078 |
| total current liabilities | 331,495 | 343,055 | 1,003,621 | 888,739 | 943,784 | 1,026,926 | 907,338 | 743,307 | 718,650 | 687,915 | 2,226,447 | 1,269,485 | 770,665 | 862,655 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 337,678 | 343,055 | 1,003,621 | 888,739 | 943,784 | 1,026,926 | 907,338 | 743,307 | 718,650 | 687,915 | 2,226,447 | 1,269,485 | 770,665 | 862,655 |
| net assets | 1,554,365 | 1,917,218 | 2,026,676 | 1,859,721 | 1,827,879 | 1,910,363 | 2,013,702 | 2,043,242 | 1,332,225 | 856,255 | 2,356,352 | 1,895,585 | 1,435,585 | 678,544 |
| total shareholders funds | 1,554,365 | 1,917,218 | 2,026,676 | 1,859,721 | 1,827,879 | 1,910,363 | 2,013,702 | 2,043,242 | 1,332,225 | 856,255 | 2,356,352 | 1,895,585 | 1,435,585 | 678,544 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -352,210 | -108,834 | 203,264 | 37,010 | -79,852 | -105,322 | -57,039 | 723,256 | 475,970 | 44,863 | 460,771 | 460,012 | 757,108 | 196,617 |
| Depreciation | 8,751 | 5,733 | 7,684 | 11,714 | 13,946 | 14,098 | 10,961 | 8,624 | 4,525 | 0 | 5,791 | 17,943 | 24,217 | 21,495 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,888 | 96,607 |
| Tax | -10,643 | -624 | -36,309 | -5,319 | -2,632 | 1,983 | 27,499 | -12,239 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -455,557 | -290,982 | -40,719 | -139,760 | 126,218 | -274,860 | 167,309 | 909,060 | 247,840 | -2,987,360 | 1,423,611 | 976,772 | 740,108 | 1,391,039 |
| Creditors | -19,427 | -14,397 | 66,983 | -55,067 | 60,724 | -4,740 | 8,897 | -10,574 | -65,277 | 4,191 | 12,972 | -16,933 | 19,044 | 59,261 |
| Accruals and Deferred Income | 84,598 | -114,357 | 34,762 | -5,545 | -148,740 | -7,590 | 24,629 | -105,871 | -94,201 | -42,860 | 212,405 | -143,814 | -4,440 | 588,078 |
| Deferred Taxes & Provisions | 6,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 172,809 | 58,503 | 317,103 | 122,553 | -282,772 | 173,289 | -152,362 | -305,864 | 73,177 | 2,993,554 | -731,672 | -659,564 | 106,709 | -428,981 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51,269 | 0 | 0 | 0 | 51,269 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -76,731 | -531,812 | 13,137 | 5,567 | 4,874 | 131,918 | 130,505 | 141,102 | 190,224 | -1,499,865 | 731,576 | 659,567 | -104,777 | 213,499 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 151 | 0 | 0 | 0 | 0 | 0 | 0 | -4 | -12 | -67 | 9,153 |
| cash flow from financing | -76,731 | -531,812 | 13,137 | 5,718 | 4,874 | 131,918 | 130,505 | 141,102 | 190,224 | -1,499,865 | 731,572 | 659,555 | -104,844 | 695,426 |
| cash and cash equivalents | ||||||||||||||
| cash | 46,339 | -476,173 | 319,633 | 128,172 | -283,830 | 283,960 | -37,075 | -169,110 | 239,832 | 0 | -91 | -9 | 48 | 52 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 2 | 9 | 0 | -1,817 | 1,817 |
| change in cash | 46,339 | -476,173 | 319,633 | 128,172 | -283,830 | 283,960 | -37,075 | -169,110 | 239,843 | -2 | -100 | -9 | 1,865 | -1,765 |
inisoft limited Credit Report and Business Information
Inisoft Limited Competitor Analysis
Perform a competitor analysis for inisoft limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in G 4 area or any other competitors across 12 key performance metrics.
inisoft limited Ownership
INISOFT LIMITED group structure
Inisoft Limited has no subsidiary companies.
Ultimate parent company
2 parents
INISOFT LIMITED
SC290311
inisoft limited directors
Inisoft Limited currently has 2 directors. The longest serving directors include Miss Julie McIntosh (Aug 2014) and Mr Brian Bannatyne (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Julie McIntosh | England | 59 years | Aug 2014 | - | Director |
| Mr Brian Bannatyne | England | 59 years | Aug 2014 | - | Director |
P&L
June 2023turnover
1.2m
-7%
operating profit
-352.2k
+224%
gross margin
-4.1%
-121.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.6m
-0.19%
total assets
1.9m
-0.16%
cash
51.7k
+8.57%
net assets
Total assets minus all liabilities
Similar Companies
inisoft limited company details
company number
SC290311
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
September 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
macrocom (921) limited (January 2007)
accountant
-
auditor
BDO LLP
address
citypoint 21 tyndrum street, glasgow, G4 0JY
Bank
HSBC BANK PLC
Legal Advisor
VIALEX LIMITED
inisoft limited 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 10 charges/mortgages relating to inisoft limited. Currently there are 1 open charges and 9 have been satisfied in the past.
inisoft limited Companies House Filings - See Documents
| date | description | view/download |
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