Smart Technology Solutions Limited
Registered name: SMART TECHNOLOGY SOLUTIONS LIMITED
Part of NVM III GP LLP groupSmart Technology Solutions Limited made £543k revenue and a £460k loss in the year to 31 Oct 2023.
Smart Technology Solutions Limited’s revenue fell 43% to £543k in the year to 31 Oct 2023, with a loss of £460k and 15 employees. The company is classified under “business and domestic software development” and is based in Coalville; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Coalville, East Midlands
- Age
- 28 yrs · since 1997
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £959k | £543k |
| Cost of sales | £27.1k | £34.6k |
| Gross profit | £932k | £509k |
| Operating profit | £76.1k | −£436k |
| Profit before tax | £72.2k | −£460k |
| Profit after tax | £72.2k | −£460k |
| Profit (best available) | £72.2k | −£460k |
| Employees (average) | 15 | 15 |
| Ratios | ||
| Profit margin | 7.5% | −84.7% |
| Gross margin | 97.2% | 93.6% |
| Revenue per employee | £63.9k | £36.2k |
| Profit per employee | £4.8k | −£30.7k |
| Growth (year on year) | ||
| Revenue growth | — | ▼43.3% |
| Profit growth | — | ▼736.8% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £72.7k | £65.7k |
| Net assets | £142k | −£318k |
| Fixed assets | £22.8k | £21k |
| Current assets | £634k | £140k |
| Debtors | £542k | £53.5k |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 |
How the business works
- Profit margin
- −84.7%
- Profit ÷ revenue.
- Gross margin
- 93.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £36.2k
- Revenue ÷ average employees.
- Profit per employee
- −£30.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.8%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼323%
- Now −£318k
- Cash at bank
- ▼10%
- Now £65.7k
- Headcount
- 0%
- Now 15
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £21k
Group structure
Ownership chain
- NVM III GP LLPultimate parent50–75%
- Smart Payment Technologies Top Co Limited75–100%
- Smart Payment Technologies Bid Co Limited75–100%
- Smart Payment Technologies Holdings Limited75–100%
- Smart Technology Solutions Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Paysmarter LimitedFigures not disclosed
- Secure Payment Technologies LimitedFigures not disclosed
- Secure Payment Transactions LimitedFigures not disclosed
- Smart Payment Technologies Hold Co LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Oct 2023 (profit −£460k), from the Companies House accounts bulk data published Mar 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.