Assetware Limited

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assetware limited Company Information

Live

MatureMicroDeclining

Company Number

02144517

Next Accounts

Sep 2025

Industry

Business and domestic software development

Directors

Stephen Moriarty

Shareholders

stephen daniel moriarty

Group Structure

View All

Contact

Registered Address

rivers lodge west common, harpenden, AL5 2JD

Website

www.assetware.co.uk

assetware limited Estimated Valuation

£235k

Pomanda estimates the enterprise value of ASSETWARE LIMITED at £235k based on a Turnover of £344.1k and 0.68x industry multiple (adjusted for size and gross margin).

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Assetware Limited is a live company located in harpenden, AL5 2JD with a Companies House number of 02144517. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 1987, it's largest shareholder is stephen daniel moriarty with a 100% stake. Assetware Limited is a mature, micro sized company, Pomanda has estimated its turnover at £344.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Assetware Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £344.1k, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (10.1%)

EXPORT

Assetware Limited's latest turnover from December 2023 is estimated at £344.1 thousand and the company has net assets of £85.6 thousand. According to their latest financial statements, Assetware Limited has 5 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	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	344,135	355,114	349,685	370,929	335,684	432,633	278,093	316,301	275,348	181,155	168,377	128,254	219,726	200,959	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	198,350	204,903	198,297	215,775	197,769	258,542	164,507	184,918	155,896	101,368	96,806	70,998	119,428	111,492	0
Gross Profit	145,785	150,211	151,388	155,153	137,915	174,091	113,586	131,383	119,452	79,787	71,571	57,256	100,298	89,467	0
Admin Expenses	156,301	152,184	152,790	135,107	151,363	161,822	50,318	29,593	97,584	49,255	57,918	44,579	56,106	59,210	4,662
Operating Profit	-10,516	-1,973	-1,402	20,046	-13,448	12,269	63,268	101,790	21,868	30,532	13,653	12,677	44,192	30,257	-4,662
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	3,080	8,685	5,606
Interest Receivable	0	0	0	0	0	0	0	0	243	165	95	118	82	39	17
Pre-Tax Profit	-10,516	-1,973	-1,402	20,046	-13,448	12,269	63,080	95,464	22,111	30,696	13,748	12,795	41,195	21,610	-10,251
Tax	0	0	0	-3,809	0	-2,331	-11,658	-13,899	-4,422	-6,446	-3,162	-3,071	-10,711	-6,051	0
Profit After Tax	-10,516	-1,973	-1,402	16,237	-13,448	9,938	51,422	81,565	17,689	24,250	10,586	9,724	30,484	15,559	-10,251
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,516	-1,973	-1,402	16,237	-13,448	9,938	51,422	81,565	17,689	24,250	10,586	9,724	30,484	15,559	-10,251
Employee Costs	361,300	337,574	315,941	301,594	124,111	184,505	88,619	72,139	108,673	108,958	106,804	52,277	103,556	101,809	0
Number Of Employees	5	5	5	5	2	3	2	2	2	2	2	1	2	2	0
EBITDA*	-10,516	-1,973	-1,402	20,046	-13,448	12,269	69,340	108,433	37,465	50,067	32,220	31,573	64,188	51,604	16,309

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	3,324	2,411	283	1,590	4,291	5,681	7,569	12,846	7,349	8,872	8,613	3,915	4,839	7,725	8,963
Intangible Assets	0	0	0	0	0	0	0	0	0	10,372	26,908	43,444	59,980	76,516	93,052
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	3,324	2,411	283	1,590	4,291	5,681	7,569	12,846	7,349	19,244	35,521	47,359	64,819	84,241	102,015
Stock & work in progress	0	0	0	0	0	0	0	0	0	2,629	0	0	0	0	0
Trade Debtors	102,499	119,459	119,853	136,817	115,458	147,931	117,988	51,999	79,903	54,235	47,990	35,000	61,737	56,788	112,561
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	2,802	0	0	0	12,922	14,453	8,827	8,511	0	0
Cash	0	0	0	0	0	0	0	86,291	46,480	50,722	15,153	22,938	24,062	8,643	6,790
misc current assets	0	0	0	0	0	0	12,584	9,886	15,345	0	0	0	0	0	0
total current assets	102,499	119,459	119,853	136,817	115,458	150,733	130,572	148,176	141,728	120,508	77,596	66,765	94,310	65,431	119,351
total assets	105,823	121,870	120,136	138,407	119,749	156,414	138,141	161,022	149,077	139,752	113,117	114,124	159,129	149,672	221,366
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	15,739	20,122	22,053	38,922	36,501	59,718	51,383	51,316	50,936	26,761	21,523	37,522	12,436	49,506	59,030
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	32,539	32,185	20,836	65,882	0	0
total current liabilities	15,739	20,122	22,053	38,922	36,501	59,718	51,383	51,316	50,936	59,300	53,708	58,358	78,318	49,506	59,030
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	94,758	172,487
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	4,490	5,638	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	3,207	10,150	44,919	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,490	5,638	0	0	0	0	0	0	0	0	3,207	10,150	44,919	94,758	172,487
total liabilities	20,229	25,760	22,053	38,922	36,501	59,718	51,383	51,316	50,936	59,300	56,915	68,508	123,237	144,264	231,517
net assets	85,594	96,110	98,083	99,485	83,248	96,696	86,758	109,706	98,141	80,452	56,202	45,616	35,892	5,408	-10,151
total shareholders funds	85,594	96,110	98,083	99,485	83,248	96,696	86,758	109,706	98,141	80,452	56,202	45,616	35,892	5,408	-10,151

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-10,516	-1,973	-1,402	20,046	-13,448	12,269	63,268	101,790	21,868	30,532	13,653	12,677	44,192	30,257	-4,662
Depreciation	0	0	0	0	0	0	6,072	6,643	5,225	2,999	2,031	2,360	3,460	4,811	4,435
Amortisation	0	0	0	0	0	0	0	0	10,372	16,536	16,536	16,536	16,536	16,536	16,536
Tax	0	0	0	-3,809	0	-2,331	-11,658	-13,899	-4,422	-6,446	-3,162	-3,071	-10,711	-6,051	0
Stock	0	0	0	0	0	0	0	0	-2,629	2,629	0	0	0	0	0
Debtors	-16,960	-394	-16,964	21,359	-35,275	32,745	65,989	-27,904	12,746	4,714	18,616	-26,421	13,460	-55,773	112,561
Creditors	-4,383	-1,931	-16,869	2,421	-23,217	8,335	67	380	24,175	5,238	-15,999	25,086	-37,070	-9,524	59,030
Accruals and Deferred Income	-1,148	5,638	0	0	0	0	0	0	-32,539	354	11,349	-45,046	65,882	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	913	2,128	-1,307	-2,701	-1,390	-14,472	-8,240	122,818	14,562	41,870	5,792	34,963	68,829	91,802	-37,222
Investing Activities
capital expenditure	-913	-2,128	1,307	2,701	1,390	1,888	-795	-12,140	-3,702	-3,258	-6,729	-1,436	-574	-3,573	-122,986
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-913	-2,128	1,307	2,701	1,390	1,888	-795	-12,140	-3,702	-3,258	-6,729	-1,436	-574	-3,573	-122,986
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	-94,758	-77,729	172,487
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	-3,207	-6,943	-34,769	44,919	0	0
share issue	0	0	0	0	0	0	-74,370	-70,000	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	0	243	165	95	118	-2,998	-8,646	-5,589
cash flow from financing	0	0	0	0	0	0	-74,370	-70,000	243	-3,042	-6,848	-34,651	-52,837	-86,375	166,998
cash and cash equivalents
cash	0	0	0	0	0	0	-86,291	39,811	-4,242	35,569	-7,785	-1,124	15,419	1,853	6,790
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-86,291	39,811	-4,242	35,569	-7,785	-1,124	15,419	1,853	6,790

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASSETWARE LIMITED group structure

Assetware Limited has no subsidiary companies.

Ultimate parent company

ASSETWARE LIMITED

02144517

ASSETWARE LIMITED Shareholders

stephen daniel moriarty

100%

Assetware Limited currently has 1 director, Mr Stephen Moriarty serving since Dec 1991.

officer	country	age	start	end	role
Mr Stephen Moriarty	England	64 years	Dec 1991	-	Director

P&L

December 2023

turnover

344.1k

-3%

operating profit

-10.5k

gross margin

42.4%

+0.15%

turnover

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

Balance Sheet

December 2023

net assets

85.6k

-0.11%

total assets

105.8k

-0.13%

cash

net assets

Total assets minus all liabilities

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company number

02144517

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

July 1987

ultimate parent company

None

previous names

assetware technology limited (May 2014)

catsoft uk ltd. (July 2000)

address

rivers lodge west common, harpenden, AL5 2JD

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assetware limited Company Information

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