wealth platform solutions ltd
wealth platform solutions ltd Company Information
Company Number
SC653434
Next Accounts
5 days late
Industry
Computer consultancy activities
Shareholders
fnz group technologies limited
Group Structure
View All
Contact
Registered Address
3b ormiston terrace, edinburgh, EH12 7SJ
Website
-wealth platform solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of WEALTH PLATFORM SOLUTIONS LTD at £758.2k based on a Turnover of £1m and 0.73x industry multiple (adjusted for size and gross margin).
wealth platform solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of WEALTH PLATFORM SOLUTIONS LTD at £0 based on an EBITDA of £-33k and a 5.26x industry multiple (adjusted for size and gross margin).
wealth platform solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of WEALTH PLATFORM SOLUTIONS LTD at £272.9k based on Net Assets of £122.7k and 2.22x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Wealth Platform Solutions Ltd Overview
Wealth Platform Solutions Ltd is a live company located in edinburgh, EH12 7SJ with a Companies House number of SC653434. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2020, it's largest shareholder is fnz group technologies limited with a 100% stake. Wealth Platform Solutions Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1m with unknown growth in recent years.
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Wealth Platform Solutions Ltd Health Check
Pomanda's financial health check has awarded Wealth Platform Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
3 Weak
Size
annual sales of £1m, make it larger than the average company (£749.3k)
- Wealth Platform Solutions Ltd
£749.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Wealth Platform Solutions Ltd
- - Industry AVG
Production
with a gross margin of 49.2%, this company has a comparable cost of product (49.2%)
- Wealth Platform Solutions Ltd
49.2% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (8.1%)
- Wealth Platform Solutions Ltd
8.1% - Industry AVG
Employees
with 16 employees, this is above the industry average (8)
16 - Wealth Platform Solutions Ltd
8 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has an equivalent pay structure (£53.3k)
- Wealth Platform Solutions Ltd
£53.3k - Industry AVG
Efficiency
resulting in sales per employee of £65.1k, this is less efficient (£121.6k)
- Wealth Platform Solutions Ltd
£121.6k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (69 days)
- Wealth Platform Solutions Ltd
69 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (32 days)
- Wealth Platform Solutions Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wealth Platform Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (21 weeks)
21 weeks - Wealth Platform Solutions Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.5%, this is a similar level of debt than the average (57.7%)
56.5% - Wealth Platform Solutions Ltd
57.7% - Industry AVG
WEALTH PLATFORM SOLUTIONS LTD financials
Wealth Platform Solutions Ltd's latest turnover from February 2023 is estimated at £1 million and the company has net assets of £122.7 thousand. According to their latest financial statements, Wealth Platform Solutions Ltd has 16 employees and maintains cash reserves of £55.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| 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 | 16 | 12 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Tangible Assets | 20,915 | 16,247 | 397 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 20,915 | 16,247 | 397 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 163,500 | 264,000 | 168,078 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 42,142 | 21,450 | 90,000 |
| Cash | 55,659 | 57,916 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 261,301 | 343,366 | 258,078 |
| total assets | 282,216 | 359,613 | 258,475 |
| Bank overdraft | 9,228 | 7,540 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 3,708 | 12,784 | 75,467 |
| Group/Directors Accounts | 136 | 188 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 121,020 | 131,991 | 0 |
| total current liabilities | 134,092 | 152,503 | 75,467 |
| loans | 25,377 | 36,933 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 61,526 |
| other liabilities | 0 | 0 | 50,000 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 25,377 | 36,933 | 111,526 |
| total liabilities | 159,469 | 189,436 | 186,993 |
| net assets | 122,747 | 170,177 | 71,482 |
| total shareholders funds | 122,747 | 170,177 | 71,482 |
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 12,750 | 0 | |
| Amortisation | 0 | 0 | |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -79,808 | 27,372 | 258,078 |
| Creditors | -9,076 | -62,683 | 75,467 |
| Accruals and Deferred Income | -10,971 | 70,465 | 61,526 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | -52 | 188 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -11,556 | 36,933 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | -50,000 | 50,000 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -2,257 | 57,916 | 0 |
| overdraft | 1,688 | 7,540 | 0 |
| change in cash | -3,945 | 50,376 | 0 |
wealth platform solutions ltd Credit Report and Business Information
Wealth Platform Solutions Ltd Competitor Analysis
Perform a competitor analysis for wealth platform solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EH12 area or any other competitors across 12 key performance metrics.
wealth platform solutions ltd Ownership
WEALTH PLATFORM SOLUTIONS LTD group structure
Wealth Platform Solutions Ltd has no subsidiary companies.
Ultimate parent company
FNZ GROUP TECHNOLOGIES LTD
#0167132
1 parent
WEALTH PLATFORM SOLUTIONS LTD
SC653434
wealth platform solutions ltd directors
Wealth Platform Solutions Ltd currently has 2 directors. The longest serving directors include Mr Muhammad Mustaffa (May 2023) and Mr Stewart MacLean (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Mustaffa | England | 34 years | May 2023 | - | Director |
| Mr Stewart MacLean | Uk | 49 years | Dec 2023 | - | Director |
P&L
February 2023turnover
1m
-11%
operating profit
-45.7k
0%
gross margin
49.2%
+3.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
122.7k
-0.28%
total assets
282.2k
-0.22%
cash
55.7k
-0.04%
net assets
Total assets minus all liabilities
Similar Companies
wealth platform solutions ltd company details
company number
SC653434
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
February 2020
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
3b ormiston terrace, edinburgh, EH12 7SJ
Bank
-
Legal Advisor
-
wealth platform 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 wealth platform solutions ltd.
wealth platform solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
