Mri Software 3 Limited

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mri software 3 limited Company Information

Live

MatureSmallRapid

Company Number

01975363

Website

http://qubeglobal.com

Registered Address

9 king street, london, EC2V 8EA

Industry

Business and domestic software development

Telephone

02077263200

Next Accounts Due

September 2025

Group Structure

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Directors

Patrick Ghilani7 Years

John Ensign7 Years

View All

Shareholders

qube global software ltd 100%

mri software 3 limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of MRI SOFTWARE 3 LIMITED at £1.6m based on Net Assets of £661.9k and 2.37x industry multiple (adjusted for liquidity).

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Mri Software 3 Limited is a live company located in london, EC2V 8EA with a Companies House number of 01975363. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 1986, it's largest shareholder is qube global software ltd with a 100% stake. Mri Software 3 Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mri Software 3 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (9.9%)

EXPORT

Mri Software 3 Limited's latest turnover from December 2023 is estimated at £2.2 million and the company has net assets of £661.9 thousand. According to their latest financial statements, Mri Software 3 Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,248,388	887,176	660,888	531,886	453,170	615,712	836,146	673,560	760,862	700,651	1,202,784	692,674	827,798	504,170	477,156
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,292,728	509,592	372,026	304,084	265,657	366,144	490,751	375,289	430,003	383,804	697,021	366,751	429,818	256,696	268,972
Gross Profit	955,660	377,584	288,861	227,803	187,513	249,568	345,394	298,271	330,858	316,847	505,763	325,923	397,980	247,474	208,185
Admin Expenses	920,984	249,567	-4,508,594	-264,244	-569,053	51,269	1,122,765	787,515	523,684	605,271	933,975	806,585	591,871	702,524	1,416,565
Operating Profit	34,676	128,017	4,797,455	492,047	756,566	198,299	-777,371	-489,244	-192,826	-288,424	-428,212	-480,662	-193,891	-455,050	-1,208,380
Interest Payable	0	0	127,740	249,395	138,011	0	0	0	102,626	102,626	0	0	0	0	0
Interest Receivable	0	0	0	0	15	254	181	58	178	169	92	208	192	173	110
Pre-Tax Profit	34,676	128,017	4,669,715	242,652	618,570	198,553	-777,190	-489,186	-295,274	-390,881	-428,120	-480,454	-193,699	-454,877	-1,208,270
Tax	-8,669	-24,323	-887,246	-46,104	-117,528	-37,725	0	0	0	0	0	0	0	0	0
Profit After Tax	26,007	103,694	3,782,469	196,548	501,042	160,828	-777,190	-489,186	-295,274	-390,881	-428,120	-480,454	-193,699	-454,877	-1,208,270
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,007	103,694	3,782,469	196,548	501,042	160,828	-777,190	-489,186	-295,274	-390,881	-428,120	-480,454	-193,699	-454,877	-1,208,270
Employee Costs	216,697	202,843	189,930	181,065	186,167	184,141	887,717	847,950	751,394	269,143	434,337	260,676	308,947	200,733	191,638
Number Of Employees	3	3	3	3	3	3	15	15	14	5	8	5	6	4	4
EBITDA*	34,676	128,017	4,797,455	492,047	756,566	204,188	-769,580	-474,523	-180,213	-276,778	-424,160	-476,302	-190,588	-450,025	-1,202,630

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	0	0	0	0	0	5,889	9,457	19,230	26,496	4,084	5,715	5,351	6,737	7,664
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	5,889	9,457	19,230	26,496	4,084	5,715	5,351	6,737	7,664
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,137,319	443,808	288,789	235,329	190,964	274,605	246,418	147,792	168,216	206,956	324,250	184,672	215,847	132,770	118,190
Group Debtors	2,840,858	2,237,117	1,808,949	1,098,981	705,197	0	0	0	0	0	0	0	0	0	0
Misc Debtors	47,982	14,274	5,996	18,653	17,684	2,319	86,034	98,064	98,257	70,851	0	0	0	0	0
Cash	0	0	0	0	0	3,992	63,863	38,111	8,508	62,605	4,932	31,765	51,554	25,261	43,973
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,026,159	2,695,199	2,103,734	1,352,963	913,845	280,916	396,315	283,967	274,981	340,412	329,182	216,437	267,401	158,031	162,163
total assets	4,026,159	2,695,199	2,103,734	1,352,963	913,845	280,916	402,204	293,424	294,211	366,908	333,266	222,152	272,752	164,768	169,827
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,824	14,067	0	0	0	0	13,015	41,325	41,028	25,931	180,062	239,728	340,441	380,146	328,024
Group/Directors Accounts	2,196,937	1,181,210	1,055,725	53,180	38,211	4,093,678	4,229,006	3,875,977	3,452,181	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	1,163,475	864,006	515,787	462,340	233,218	135,075	268,848	196,783	132,477	219,470	0	0	0	0	0
total current liabilities	3,364,236	2,059,283	1,571,512	515,520	271,429	4,228,753	4,510,869	4,114,085	3,625,686	245,401	180,062	239,728	340,441	380,146	328,024
loans	0	0	0	4,087,690	4,089,211	0	0	0	0	3,157,708	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	2,798,524	2,199,624	1,669,057	1,327,669	929,973
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	4,087,690	4,089,211	0	0	0	0	3,157,708	2,798,524	2,199,624	1,669,057	1,327,669	929,973
total liabilities	3,364,236	2,059,283	1,571,512	4,603,210	4,360,640	4,228,753	4,510,869	4,114,085	3,625,686	3,403,109	2,978,586	2,439,352	2,009,498	1,707,815	1,257,997
net assets	661,923	635,916	532,222	-3,250,247	-3,446,795	-3,947,837	-4,108,665	-3,820,661	-3,331,475	-3,036,201	-2,645,320	-2,217,200	-1,736,746	-1,543,047	-1,088,170
total shareholders funds	661,923	635,916	532,222	-3,250,247	-3,446,795	-3,947,837	-4,108,665	-3,820,661	-3,331,475	-3,036,201	-2,645,320	-2,217,200	-1,736,746	-1,543,047	-1,088,170

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	34,676	128,017	4,797,455	492,047	756,566	198,299	-777,371	-489,244	-192,826	-288,424	-428,212	-480,662	-193,891	-455,050	-1,208,380
Depreciation	0	0	0	0	0	5,889	7,791	14,721	12,613	11,646	4,052	4,360	3,303	5,025	5,750
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,669	-24,323	-887,246	-46,104	-117,528	-37,725	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,330,960	591,465	750,771	439,118	636,921	-55,528	65,979	-20,617	-11,334	-46,443	139,578	-31,175	83,077	14,580	118,190
Creditors	-10,243	14,067	0	0	0	-13,015	-28,013	297	15,097	-154,131	-59,666	-100,713	-39,705	52,122	328,024
Accruals and Deferred Income	299,469	348,219	53,447	229,122	98,143	-133,773	136,371	64,306	-86,993	219,470	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,015,727	-125,485	3,212,885	235,947	100,260	75,203	-727,201	-389,303	-240,775	-164,996	-623,404	-545,840	-313,370	-412,483	-992,796
Investing Activities
capital expenditure	0	0	0	0	0	0	5,550	-4,948	-5,347	-34,058	-2,421	-4,724	-1,917	-4,098	-13,414
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	5,550	-4,948	-5,347	-34,058	-2,421	-4,724	-1,917	-4,098	-13,414
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,015,727	125,485	1,002,545	14,969	-4,055,467	-135,328	776,825	423,796	3,452,181	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-4,087,690	-1,521	4,089,211	0	0	0	-3,157,708	3,157,708	0	0	0	0	0
Hire Purchase and Lease Commitments	0	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	-2,798,524	598,900	530,567	341,388	397,696	929,973
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120,100
interest	0	0	-127,740	-249,395	-137,996	254	181	58	-102,448	-102,457	92	208	192	173	110
cash flow from financing	1,015,727	125,485	-3,212,885	-235,947	-104,252	-135,074	777,006	423,854	192,025	256,727	598,992	530,775	341,580	397,869	1,050,183
cash and cash equivalents
cash	0	0	0	0	-3,992	-59,871	55,355	29,603	-54,097	57,673	-26,833	-19,789	26,293	-18,712	43,973
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-3,992	-59,871	55,355	29,603	-54,097	57,673	-26,833	-19,789	26,293	-18,712	43,973

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MRI SOFTWARE 3 LIMITED group structure

Mri Software 3 Limited has no subsidiary companies.

Ultimate parent company

MRI INTERMEDIATE HOLDINGS LLC

#0084176

MRI SOFTWARE EMEA LIMITED

01656218

2 parents

MRI SOFTWARE 3 LIMITED

01975363

MRI SOFTWARE 3 LIMITED Shareholders

qube global software ltd

100%

Mri Software 3 Limited currently has 3 directors. The longest serving directors include Mr Patrick Ghilani (Oct 2017) and Mr John Ensign (Oct 2017).

officer	country	age	start	end	role
Mr Patrick Ghilani	United Kingdom	53 years	Oct 2017	-	Director
Mr John Ensign	United States	52 years	Oct 2017	-	Director
Mr Roman Telerman	United Kingdom	38 years	Oct 2017	-	Director

P&L

December 2023

turnover

2.2m

+153%

operating profit

34.7k

gross margin

42.6%

-0.13%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

661.9k

+0.04%

total assets

+0.49%

cash

net assets

Total assets minus all liabilities

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company number

01975363

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

January 1986

ultimate parent company

MRI INTERMEDIATE HOLDINGS LLC

previous names

qube global software americas limited (October 2018)

fraser williams americas limited (September 2007)

address

9 king street, london, EC2V 8EA

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 5 charges/mortgages relating to mri software 3 limited. Currently there are 0 open charges and 5 have been satisfied in the past.

mri software 3 limited Company Information

mri software 3 limited Estimated Valuation

mri software 3 limited Estimated Valuation

mri software 3 limited Estimated Valuation

Mri Software 3 Limited Overview

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MRI SOFTWARE 3 LIMITED financials

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