softcat plc

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softcat plc Company Information

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Company Number

02174990

Registered Address

solar house fieldhouse lane, marlow, buckinghamshire sl7 1lw, SL7 1TB

Industry

Other information technology and computer service activities

 

Telephone

01628403403

Next Accounts Due

January 2025

Group Structure

View All

Directors

Graham Charlton9 Years

Vinodka Murria8 Years

View All

Shareholders

undisclosed 100%

softcat plc Estimated Valuation

£1.3b

Pomanda estimates the enterprise value of SOFTCAT PLC at £1.3b based on a Turnover of £985.3m and 1.35x industry multiple (adjusted for size and gross margin).

softcat plc Estimated Valuation

£1.5b

Pomanda estimates the enterprise value of SOFTCAT PLC at £1.5b based on an EBITDA of £147m and a 10.34x industry multiple (adjusted for size and gross margin).

softcat plc Estimated Valuation

£556.7m

Pomanda estimates the enterprise value of SOFTCAT PLC at £556.7m based on Net Assets of £251.4m and 2.21x industry multiple (adjusted for liquidity).

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Softcat Plc Overview

Softcat Plc is a live company located in buckinghamshire sl7 1lw, SL7 1TB with a Companies House number of 02174990. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1987, it's largest shareholder is undisclosed with a 100% stake. Softcat Plc is a mature, mega sized company, Pomanda has estimated its turnover at £985.3m with declining growth in recent years.

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Softcat Plc Health Check

Pomanda's financial health check has awarded Softcat Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £985.3m, make it larger than the average company (£6.9m)

£985.3m - Softcat Plc

£6.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.4%)

-3% - Softcat Plc

6.4% - Industry AVG

production

Production

with a gross margin of 37.9%, this company has a higher cost of product (49.2%)

37.9% - Softcat Plc

49.2% - Industry AVG

profitability

Profitability

an operating margin of 14.3% make it more profitable than the average company (3.4%)

14.3% - Softcat Plc

3.4% - Industry AVG

employees

Employees

with 2151 employees, this is above the industry average (44)

2151 - Softcat Plc

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £85.2k, the company has a higher pay structure (£68.9k)

£85.2k - Softcat Plc

£68.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £458.1k, this is more efficient (£164.6k)

£458.1k - Softcat Plc

£164.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 159 days, this is later than average (54 days)

159 days - Softcat Plc

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 152 days, this is slower than average (34 days)

152 days - Softcat Plc

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (16 days)

2 days - Softcat Plc

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (15 weeks)

16 weeks - Softcat Plc

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.4%, this is a similar level of debt than the average (62%)

61.4% - Softcat Plc

62% - Industry AVG

softcat plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Softcat Plc Competitor Analysis

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softcat plc Ownership

SOFTCAT PLC group structure

Softcat Plc has no subsidiary companies.

Ultimate parent company

SOFTCAT PLC

02174990

SOFTCAT PLC Shareholders

undisclosed 100%

softcat plc directors

Softcat Plc currently has 10 directors. The longest serving directors include Mr Graham Charlton (Mar 2015) and Ms Vinodka Murria (Nov 2015).

officercountryagestartendrole
Mr Graham CharltonUnited Kingdom46 years Mar 2015- Director
Ms Vinodka MurriaUnited Kingdom61 years Nov 2015- Director
Mr Graeme WattUnited Kingdom63 years Apr 2018- Director
Ms Robyn PerrissUnited Kingdom50 years Jul 2019- Director
Mrs Karen SlatfordScotland67 years Dec 2019- Director
Mrs Lynne WeedallUnited Kingdom56 years May 2022- Director
Mrs Lynne WeedallUnited Kingdom56 years May 2022- Director
Dr Kathryn MecklenburghUnited Kingdom51 years Jun 2023- Director
Mr Mayank PrakashUnited Kingdom51 years Sep 2023- Director
Mrs Jacqueline FergusonUnited Kingdom53 years Jan 2024- Director

SOFTCAT PLC financials

EXPORTms excel logo

Softcat Plc's latest turnover from July 2023 is £985.3 million and the company has net assets of £251.4 million. According to their latest financial statements, Softcat Plc has 2,151 employees and maintains cash reserves of £122.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover985,300,0001,077,946,000784,049,0001,077,127,000991,849,000797,208,000832,486,000672,351,000596,084,000504,797,000395,755,868304,055,497219,228,118145,751,401113,114,247
Other Income Or Grants000000000000000
Cost Of Sales611,466,000750,736,000507,691,000841,422,000780,706,000622,045,000696,173,000551,634,000493,309,000416,276,000325,245,029247,771,071175,921,917117,232,64991,032,034
Gross Profit373,834,000327,210,000276,358,000235,705,000211,143,000175,163,000136,313,000120,717,000102,775,00088,521,00070,510,83956,284,42643,306,20128,518,75222,082,213
Admin Expenses232,936,000191,065,000156,942,000141,972,000126,657,000107,141,00086,151,00078,527,00063,193,00052,993,00043,142,71733,994,31927,016,50918,485,99714,682,206
Operating Profit140,898,000136,145,000119,416,00093,733,00084,486,00068,022,00050,162,00042,190,00039,582,00035,528,00027,368,12222,290,10716,289,69210,032,7557,400,007
Interest Payable205,000253,000477,000316,0000000000050955,822943
Interest Receivable1,171,000252,00028,000200,000333,000117,000142,000213,000195,000102,00081,443135,26058,52546,068214,314
Pre-Tax Profit141,864,000136,144,000118,967,00093,617,00084,819,00068,139,00050,304,00042,403,00039,777,00035,630,00027,449,56522,425,36716,347,70810,023,0017,613,378
Tax-29,835,000-25,739,000-22,782,000-17,953,000-16,358,000-13,133,000-10,196,000-9,245,000-8,660,000-8,278,000-6,863,838-5,229,251-4,813,400-2,961,216-2,466,958
Profit After Tax112,029,000110,405,00096,185,00075,664,00068,461,00055,006,00040,108,00033,158,00031,117,00027,352,00020,585,72717,196,11611,534,3087,061,7855,146,420
Dividends Paid66,00084,020,00060,815,00052,338,00056,231,00045,321,00040,904,00043,453,0007,298,0004,779,00017,267,2662,065,82509,000,702120,000
Retained Profit111,963,00026,385,00035,370,00023,326,00012,230,0009,685,000-796,000-10,295,00023,819,00022,573,0003,318,46115,130,29111,534,308-1,938,9175,026,420
Employee Costs183,216,000152,855,000130,083,000113,155,000390,652,63484,844,00068,931,00059,916,00027,048,00022,761,00019,321,56415,289,69312,283,4668,240,6626,473,134
Number Of Employees2,1511,7961,6361,4756,7921,1281,027873722602488387281214194
EBITDA*147,016,000140,670,000124,308,00097,317,00086,006,00069,781,00052,170,00044,313,00041,729,00037,306,00028,534,83022,764,68216,527,07910,305,2167,673,803

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets27,311,00022,448,00025,073,00025,411,0008,246,0006,492,0006,474,0006,817,0007,675,0007,142,0007,033,4314,696,736706,269369,635450,850
Intangible Assets7,155,0007,978,0005,202,0001,301,000240,000324,000504,000667,000458,000523,000405,7100000
Investments & Other000000000055567,75767,757
Debtors (Due After 1 year)2,997,0002,508,0003,149,0002,408,0002,485,0000000000000
Total Fixed Assets31,469,00027,918,00027,126,00024,304,0008,486,0006,816,0006,978,0007,484,0008,133,0007,665,0007,439,1414,696,741706,274437,392518,607
Stock & work in progress3,591,0005,104,00038,411,00011,744,00011,084,0008,631,0006,975,0004,611,0002,652,0004,481,0004,278,8602,007,3971,040,369831,215263,902
Trade Debtors429,569,000492,350,000296,643,000298,527,000260,012,000198,093,000168,032,000127,964,000111,935,00095,418,00078,683,74064,634,41945,961,06229,090,60419,898,345
Group Debtors000000000000000
Misc Debtors64,392,00049,074,00033,023,00015,596,00025,295,0007,864,0005,474,0004,823,00010,017,0004,777,0007,978,4057,950,1463,046,0401,010,132853,883
Cash122,621,00097,316,000101,724,00080,139,00079,263,00072,831,00061,643,00062,361,00074,642,00037,720,0008,675,88412,281,9849,016,08513,675,71913,633,570
misc current assets0000000000159,5700000
total current assets620,173,000644,140,000470,233,000406,642,000375,654,000287,419,000242,124,000199,759,000199,246,000142,396,00099,776,45986,873,94659,063,55644,607,67034,649,700
total assets651,642,000672,058,000497,359,000430,946,000384,140,000294,235,000249,102,000207,243,000207,379,000150,061,000107,215,60091,570,68759,769,83045,045,06235,168,307
Bank overdraft000000000002,177,7613,073,8535,384,6133,035,743
Bank loan000000000000000
Trade Creditors 254,907,000280,769,000220,305,000198,171,000185,384,000131,115,000100,312,00067,759,00071,213,00048,082,00034,619,87421,918,33115,396,70514,693,1269,055,124
Group/Directors Accounts000000000000067,75267,752
other short term finances000000000000000
hp & lease commitments2,734,0002,716,0002,598,0001,867,00000000000000
other current liabilities132,497,000169,903,00085,982,00079,624,00083,364,00062,304,00060,372,00052,120,00040,350,00029,680,00024,211,94025,773,41716,258,24511,714,6168,053,751
total current liabilities390,138,000453,388,000308,885,000279,662,000268,748,000193,419,000160,684,000119,879,000111,563,00077,762,00058,831,81449,869,50934,728,80331,860,10720,212,370
loans14,054,0007,900,00011,408,00015,944,00000000000000
hp & lease commitments7,027,0003,950,0005,704,0007,972,00000000000000
Accruals and Deferred Income0002,565,00000000000000
other liabilities3,032,0003,620,0003,626,000000000000000
provisions00000000000416,5007,46318,12220,806
total long term liabilities10,059,0007,570,0009,330,00010,537,0000000000416,5007,46318,12220,806
total liabilities400,197,000460,958,000318,215,000290,199,000268,748,000193,419,000160,684,000119,879,000111,563,00077,762,00058,831,81450,286,00934,736,26631,878,22920,233,176
net assets251,445,000211,100,000179,144,000140,747,000115,392,000100,816,00088,418,00087,364,00095,816,00072,299,00048,383,78641,284,67825,033,56413,166,83314,935,131
total shareholders funds251,445,000211,100,000179,144,000140,747,000115,392,000100,816,00088,418,00087,364,00095,816,00072,299,00048,383,78641,284,67825,033,56413,166,83314,935,131
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit140,898,000136,145,000119,416,00093,733,00084,486,00068,022,00050,162,00042,190,00039,582,00035,528,00027,368,12222,290,10716,289,69210,032,7557,400,007
Depreciation4,593,0003,967,0004,595,0003,352,0001,275,0001,460,0001,641,0001,796,0001,794,0001,565,0001,068,382474,575237,387272,461273,796
Amortisation1,525,000558,000297,000232,000245,000299,000367,000327,000353,000213,00098,3260000
Tax-29,835,000-25,739,000-22,782,000-17,953,000-16,358,000-13,133,000-10,196,000-9,245,000-8,660,000-8,278,000-6,863,838-5,229,251-4,813,400-2,961,216-2,466,958
Stock-1,513,000-33,307,00026,667,000660,0002,453,0001,656,0002,364,0001,959,000-1,829,000202,1402,271,463967,028209,154567,313263,902
Debtors-46,974,000211,117,00016,284,00028,739,00081,835,00032,451,00040,719,00010,835,00021,757,00013,532,85514,077,58023,577,46318,906,3669,348,50820,752,228
Creditors-25,862,00060,464,00022,134,00012,787,00054,269,00030,803,00032,553,000-3,454,00023,131,00013,462,12612,701,5436,521,626703,5795,638,0029,055,124
Accruals and Deferred Income-37,406,00083,921,0003,793,000-1,175,00021,060,0001,932,0008,252,00011,770,00010,670,0005,468,060-1,561,4779,515,1724,543,6293,660,8658,053,751
Deferred Taxes & Provisions0000000000-416,500409,037-10,659-2,68420,806
Cash flow from operations102,400,00081,506,00084,502,00061,577,00060,689,00055,276,00039,696,00030,590,00046,942,00034,223,19116,045,5159,436,775-2,165,2926,724,3621,320,396
Investing Activities
capital expenditure-10,158,000-4,676,000-8,455,000-21,810,000-3,190,000-1,597,000-1,502,000-1,474,000-2,615,000-2,003,859-3,909,113-4,493,519-568,541-151,222-148,737
Change in Investments000000000-500-67,752067,757
cash flow from investments-10,158,000-4,676,000-8,455,000-21,810,000-3,190,000-1,597,000-1,502,000-1,474,000-2,615,000-2,003,854-3,909,113-4,493,519-500,789-151,222-216,494
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000-67,752067,752
Other Short Term Loans 000000000000000
Long term loans6,154,000-3,508,000-4,536,00015,944,00000000000000
Hire Purchase and Lease Commitments3,095,000-1,636,000-1,537,0009,839,00000000000000
other long term liabilities-588,000-6,0003,626,000000000000000
share issue-71,618,0005,571,0003,027,0002,029,0002,346,0002,713,0001,850,0001,843,000-302,0001,342,2143,780,6471,120,823332,423170,6199,908,711
interest966,000-1,000-449,000-116,000333,000117,000142,000213,000195,000102,00081,443135,26058,016-9,754213,371
cash flow from financing-61,991,000420,000131,00027,696,0002,679,0002,830,0001,992,0002,056,000-107,0001,444,2143,862,0901,256,083322,687160,86510,189,834
cash and cash equivalents
cash25,305,000-4,408,00021,585,000876,0006,432,00011,188,000-718,000-12,281,00036,922,00029,044,116-3,606,1003,265,899-4,659,63442,14913,633,570
overdraft0000000000-2,177,761-896,092-2,310,7602,348,8703,035,743
change in cash25,305,000-4,408,00021,585,000876,0006,432,00011,188,000-718,000-12,281,00036,922,00029,044,116-1,428,3394,161,991-2,348,874-2,306,72110,597,827

P&L

July 2023

turnover

985.3m

-9%

operating profit

140.9m

+3%

gross margin

38%

+24.99%

turnover

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

Balance Sheet

July 2023

net assets

251.4m

+0.19%

total assets

651.6m

-0.03%

cash

122.6m

+0.26%

net assets

Total assets minus all liabilities

softcat plc company details

company number

02174990

Type

Public limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 1987

age

37

accounts

Full Accounts

ultimate parent company

None

previous names

softcat limited (October 2015)

softcat plc (May 2005)

See more

incorporated

UK

address

solar house fieldhouse lane, marlow, buckinghamshire sl7 1lw, SL7 1TB

last accounts submitted

July 2023

softcat plc 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 found 3 charges/mortgages relating to softcat plc. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

softcat plc Companies House Filings - See Documents

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