GETTING IT SOLUTIONS LTD
Executive Summary
GETTING IT SOLUTIONS LTD operates as a micro-sized niche player within the competitive UK IT consultancy and software development sector. While its financials show modest growth and some liquidity pressures, the company benefits from market trends favoring digital transformation and bespoke IT services. However, its small scale and limited resources position it behind larger industry competitors, emphasizing the need for strategic focus and efficient resource management to capitalize on emerging opportunities.
View Full Analysis Report →Company Analysis
This analysis is opinion only and should not be interpreted as financial advice.
GETTING IT SOLUTIONS LTD - Analysis Report
Industry Classification
GETTING IT SOLUTIONS LTD operates primarily in the Information Technology (IT) and Management Consultancy sector. Its SIC codes include 70229 (Management consultancy activities other than financial management), 62020 (Information technology consultancy activities), and 62012 (Business and domestic software development). These segments typically involve providing bespoke IT consulting services, software development, and strategic business advice. This sector is characterized by rapid technological evolution, high demand for digital transformation, and a competitive landscape dominated by a mixture of large multinational firms and agile SMEs.Relative Performance
As a micro-entity, GETTING IT SOLUTIONS LTD’s financial scale is modest compared to the broader IT consultancy industry, which often features companies with substantial turnover and asset bases. The company’s net assets grew from £3,222 in 2023 to £5,700 in 2024, showing a positive but limited capital base. However, the company reported negative net current assets (£-1,401) in 2024 compared to positive net current assets in previous years, indicating a slight liquidity strain or increased short-term liabilities relative to current assets. With only one employee and minimal fixed assets (£7,101), the firm operates on a lean basis, typical for a micro-sized consultancy startup. Compared to industry averages, which often include larger teams and significant intellectual property or software capitalisation, this company is at an early growth or niche stage.Sector Trends Impact
The IT consultancy and software development industry is influenced heavily by trends such as cloud computing adoption, artificial intelligence integration, cybersecurity demands, and digital transformation initiatives across industries. These trends create opportunities for niche consultancies that can offer specialised expertise or innovative software solutions. However, competition is intense, and success often requires scalability, continuous skill upgrading, and investment in R&D. The micro-entity status of GETTING IT SOLUTIONS LTD suggests it is likely serving small to medium clients or specific localised markets rather than competing head-to-head with larger consultancies or software houses. The growing importance of digital services following the COVID-19 pandemic and increasing remote work trends could positively impact demand for its consultancy and software development services.Competitive Positioning
GETTING IT SOLUTIONS LTD appears to be a niche player or early-stage firm within the broader IT consultancy and software development sector. Its small size, limited employee count, and micro-entity financial profile position it below industry leaders and mid-sized competitors who typically have multiple consultants, larger client portfolios, and more substantial financial resources. Strengths include likely flexibility, personalised client service, and low overheads. Weaknesses relative to competitors include limited scale, potential cash flow constraints indicated by the negative net current assets in the latest year, and a low capital base which could restrict rapid growth or large project undertakings. The recent name change in late 2024 might indicate strategic repositioning or rebranding efforts to better align with market demands.
More Company Information
Recently Viewed
Follow Company
- Receive an alert email on changes to financial status
- Early indications of liquidity problems
- Warns when company reporting is overdue
- Free service, no spam emails Follow this company