simply ire 8 ltd
simply ire 8 ltd Company Information
Company Number
SC677817
Next Accounts
Jul 2025
Shareholders
gary thomas sharp
christopher o'brien
Group Structure
View All
Industry
Residential care activities for the elderly and disabled
+1Registered Address
stewart house pochard way, strathclyde business park, bellshill, ML4 3HB
Website
-simply ire 8 ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY IRE 8 LTD at £2.4k based on a Turnover of £3.6k and 0.67x industry multiple (adjusted for size and gross margin).
simply ire 8 ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY IRE 8 LTD at £0 based on an EBITDA of £-3.4k and a 5.55x industry multiple (adjusted for size and gross margin).
simply ire 8 ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY IRE 8 LTD at £0 based on Net Assets of £-8.4k and 2.79x industry multiple (adjusted for liquidity).
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Simply Ire 8 Ltd Overview
Simply Ire 8 Ltd is a live company located in bellshill, ML4 3HB with a Companies House number of SC677817. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in October 2020, it's largest shareholder is gary thomas sharp with a 50% stake. Simply Ire 8 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £3.6k with unknown growth in recent years.
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Simply Ire 8 Ltd Health Check
Pomanda's financial health check has awarded Simply Ire 8 Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
5 Weak
Size
annual sales of £3.6k, make it smaller than the average company (£2.4m)
- Simply Ire 8 Ltd
£2.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Simply Ire 8 Ltd
- - Industry AVG
Production
with a gross margin of 39%, this company has a comparable cost of product (39%)
- Simply Ire 8 Ltd
39% - Industry AVG
Profitability
an operating margin of -94.8% make it less profitable than the average company (9.7%)
- Simply Ire 8 Ltd
9.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (58)
- Simply Ire 8 Ltd
58 - Industry AVG
Pay Structure
on an average salary of £24.9k, the company has an equivalent pay structure (£24.9k)
- Simply Ire 8 Ltd
£24.9k - Industry AVG
Efficiency
resulting in sales per employee of £3.6k, this is less efficient (£43.4k)
- Simply Ire 8 Ltd
£43.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Simply Ire 8 Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (13 days)
- Simply Ire 8 Ltd
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Simply Ire 8 Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Simply Ire 8 Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.2%, this is a higher level of debt than the average (39.9%)
111.2% - Simply Ire 8 Ltd
39.9% - Industry AVG
SIMPLY IRE 8 LTD financials
Simply Ire 8 Ltd's latest turnover from October 2023 is estimated at £3.6 thousand and the company has net assets of -£8.4 thousand. According to their latest financial statements, we estimate that Simply Ire 8 Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Tangible Assets | 75,000 | ||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 75,000 | ||
| Stock & work in progress | |||
| Trade Debtors | |||
| Group Debtors | |||
| Misc Debtors | 100 | 100 | 100 |
| Cash | |||
| misc current assets | |||
| total current assets | 100 | 100 | 100 |
| total assets | 75,100 | 100 | 100 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 216 | ||
| Group/Directors Accounts | 75,396 | 396 | |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 7,920 | 4,720 | 2,396 |
| total current liabilities | 83,532 | 5,116 | 2,396 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 83,532 | 5,116 | 2,396 |
| net assets | -8,432 | -5,016 | -2,296 |
| total shareholders funds | -8,432 | -5,016 | -2,296 |
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 100 | ||
| Creditors | 216 | ||
| Accruals and Deferred Income | 3,200 | 2,324 | 2,396 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 75,000 | 396 | |
| 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 |
simply ire 8 ltd Credit Report and Business Information
Simply Ire 8 Ltd Competitor Analysis
Perform a competitor analysis for simply ire 8 ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in ML4 area or any other competitors across 12 key performance metrics.
simply ire 8 ltd Ownership
SIMPLY IRE 8 LTD group structure
Simply Ire 8 Ltd has no subsidiary companies.
Ultimate parent company
SIMPLY IRE 8 LTD
SC677817
simply ire 8 ltd directors
Simply Ire 8 Ltd currently has 2 directors. The longest serving directors include Mr Gary Sharp (Oct 2020) and Mr Christopher O'Brien (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Sharp | United Kingdom | 40 years | Oct 2020 | - | Director |
| Mr Christopher O'Brien | United Kingdom | 55 years | Oct 2020 | - | Director |
P&L
October 2023turnover
3.6k
0%
operating profit
-3.4k
0%
gross margin
39%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-8.4k
+0.68%
total assets
75.1k
+750%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
simply ire 8 ltd company details
company number
SC677817
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
87900 - Other residential care activities
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
stewart house pochard way, strathclyde business park, bellshill, ML4 3HB
Bank
-
Legal Advisor
-
simply ire 8 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 simply ire 8 ltd.
simply ire 8 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 SIMPLY IRE 8 LTD. This can take several minutes, an email will notify you when this has completed.
simply ire 8 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
