Core Technology Systems (u.k.) Limited

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core technology systems (u.k.) limited Company Information

Live

MatureMidLow

Company Number

02502866

Website

www.core.co.uk

Registered Address

9th floor 9 appold street, london, EC2A 2AP

Industry

Computer consultancy activities

Other information technology and computer service activities

Telephone

02076260516

Next Accounts Due

September 2024

Group Structure

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Directors

Conor Callanan32 Years

Eamon McGann21 Years

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Shareholders

conor joseph callanan 69.9%

eamon mcgann 18.7%

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core technology systems (u.k.) limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED at £6.5m based on a Turnover of £8.6m and 0.75x industry multiple (adjusted for size and gross margin).

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Core Technology Systems (u.k.) Limited is a live company located in london, EC2A 2AP with a Companies House number of 02502866. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 1990, it's largest shareholder is conor joseph callanan with a 69.9% stake. Core Technology Systems (u.k.) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.6m with low growth in recent years.

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Pomanda's financial health check has awarded Core Technology Systems (U.K.) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £8.6m, make it larger than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.8%)

EXPORT

Core Technology Systems (U.K.) Limited's latest turnover from December 2022 is estimated at £8.6 million and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Core Technology Systems (U.K.) Limited has 61 employees and maintains cash reserves of £521.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	8,631,792	7,781,754	6,871,548	7,986,336	11,409,770	7,036,049	8,238,028	6,242,690	7,742,854	7,491,043	6,483,329	5,060,839	3,223,134	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,407,849	3,946,970	3,426,845	3,886,710	5,388,950	3,235,455	3,711,671	3,949,162	3,506,458	3,258,161	2,826,878	2,271,737	1,393,928	0
Gross Profit	4,223,943	3,834,784	3,444,703	4,099,626	6,020,820	3,800,594	4,526,357	2,293,528	4,236,396	4,232,883	3,656,451	2,789,102	1,829,206	0
Admin Expenses	4,070,040	4,306,817	3,300,694	4,494,454	5,849,335	3,335,215	4,914,645	2,315,430	4,119,788	4,124,591	3,438,920	2,872,751	1,828,932	-132,066
Operating Profit	153,903	-472,033	144,009	-394,828	171,485	465,379	-388,288	-21,902	116,608	108,292	217,531	-83,649	274	132,066
Interest Payable	128,891	15,265	0	0	2,297	10,490	13,727	11,847	0	0	0	0	0	0
Interest Receivable	33,749	5,692	1,977	5,314	3,889	1,070	358	0	768	627	612	667	772	239
Pre-Tax Profit	58,762	-481,606	145,986	-389,514	173,078	455,959	-401,657	97,951	117,376	108,918	218,143	-82,982	1,046	132,306
Tax	-11,165	0	-27,737	0	-32,885	-86,632	0	-8,446	-24,649	-25,051	-52,354	0	-293	-37,046
Profit After Tax	47,597	-481,606	118,249	-389,514	140,193	369,327	-401,657	89,505	92,727	83,867	165,789	-82,982	753	95,260
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	47,597	-481,606	118,249	-389,514	140,193	369,327	-401,657	89,505	92,727	83,867	165,789	-82,982	753	95,260
Employee Costs	3,772,952	3,420,508	2,755,647	3,376,693	3,479,047	2,987,542	4,084,643	3,979,497	3,007,916	2,921,555	2,496,210	1,977,132	1,288,380	0
Number Of Employees	61	58	50	60	60	55	72	70	53	53	46	37	25	0
EBITDA*	182,115	-445,642	170,400	-143,030	446,312	740,844	-88,471	280,581	273,054	165,770	246,307	-59,870	12,465	152,120

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	81,373	44,819	6,822	25,489	33,183	44,755	62,439	313,013	363,040	99,943	136,482	37,729	25,364	12,078
Intangible Assets	63,757	0	0	0	227,819	456,070	684,321	912,572	1,115,348	0	0	0	0	0
Investments & Other	2,660,747	935	935	935	935	935	877	877	0	350,000	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,805,877	45,754	7,757	26,424	261,937	501,760	747,637	1,226,462	1,478,388	449,943	136,482	37,729	25,364	12,078
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	3,330	279	198	0
Trade Debtors	1,716,255	1,557,370	1,091,327	1,540,663	2,537,503	1,610,828	1,479,309	1,171,445	1,289,074	1,197,772	1,064,163	723,960	535,743	355,511
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	272,568	269,255	0	0	0	626,924	431,727	279,488	0	0	0	0	0	0
Cash	521,278	1,407,257	3,146,119	807,987	609,072	428,042	0	286,003	247,449	59,748	190,878	54,102	212,877	95,743
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,510,101	3,233,882	4,237,446	2,348,650	3,146,575	2,665,794	1,911,036	1,736,936	1,536,523	1,257,520	1,258,371	778,341	748,818	451,254
total assets	5,315,978	3,279,636	4,245,203	2,375,074	3,408,512	3,167,554	2,658,673	2,963,398	3,014,911	1,707,463	1,394,853	816,070	774,182	463,332
Bank overdraft	0	0	0	0	0	33,314	186,767	53,606	0	0	0	0	0	0
Bank loan	516,739	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	610,135	476,447	1,555,230	949,252	1,595,557	279,404	259,180	281,692	1,270,112	1,251,026	1,076,033	0	538,169	228,072
Group/Directors Accounts	0	0	0	0	0	50,766	25,224	10,579	0	0	0	0	0	0
other short term finances	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
other current liabilities	1,374,879	1,256,337	0	0	0	1,165,382	887,846	847,207	0	0	0	0	0	0
total current liabilities	2,501,753	1,732,784	1,555,230	949,252	1,595,557	1,528,866	1,359,017	1,193,084	1,270,112	1,251,026	1,076,033	0	538,169	228,072
loans	1,708,261	488,485	0	0	0	34,736	67,938	130,949	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	1,150,000	4,098	0	0	0	0	189,449	53,750	0	663,039	0	0
provisions	0	0	0	0	1,717	2,907	0	5,990	9,936	0	0	0	0	0
total long term liabilities	1,708,261	488,485	1,150,000	4,098	1,717	37,643	67,938	136,939	199,385	53,750	0	663,039	0	0
total liabilities	4,210,014	2,221,269	2,705,230	953,350	1,597,274	1,566,509	1,426,955	1,330,023	1,469,497	1,304,776	1,076,033	663,039	538,169	228,072
net assets	1,105,964	1,058,367	1,539,973	1,421,724	1,811,238	1,601,045	1,231,718	1,633,375	1,545,414	402,687	318,820	153,031	236,013	235,260
total shareholders funds	1,105,964	1,058,367	1,539,973	1,421,724	1,811,238	1,601,045	1,231,718	1,633,375	1,545,414	402,687	318,820	153,031	236,013	235,260

	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	153,903	-472,033	144,009	-394,828	171,485	465,379	-388,288	-21,902	116,608	108,292	217,531	-83,649	274	132,066
Depreciation	26,391	26,391	26,391	23,979	46,576	47,214	71,566	75,970	69,710	57,478	28,776	23,779	12,191	20,054
Amortisation	1,821	0	0	227,819	228,251	228,251	228,251	226,513	86,736	0	0	0	0	0
Tax	-11,165	0	-27,737	0	-32,885	-86,632	0	-8,446	-24,649	-25,051	-52,354	0	-293	-37,046
Stock	0	0	0	0	0	0	0	0	0	-3,330	3,051	81	198	0
Debtors	162,198	735,298	-449,336	-996,840	299,751	326,716	460,103	161,859	91,302	133,609	340,203	188,217	180,232	355,511
Creditors	133,688	-1,078,783	605,978	-646,305	1,316,153	20,224	-22,512	-988,420	19,086	174,993	1,076,033	-538,169	310,097	228,072
Accruals and Deferred Income	118,542	1,256,337	0	0	-1,165,382	277,536	40,639	847,207	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-1,717	-1,190	2,907	-5,990	-3,946	9,936	0	0	0	0	0
Cash flow from operations	260,982	-1,003,386	1,197,977	205,788	263,257	628,163	-536,437	-34,883	186,125	185,433	926,732	-786,337	141,839	-12,365
Investing Activities
capital expenditure	-128,523	-64,388	-7,724	-16,285	-35,004	-29,530	179,008	-49,680	-1,534,891	-20,939	-127,529	-36,144	-25,477	-32,132
Change in Investments	2,659,812	0	0	0	0	58	0	877	-350,000	350,000	0	0	0	0
cash flow from investments	-2,788,335	-64,388	-7,724	-16,285	-35,004	-29,588	179,008	-50,557	-1,184,891	-370,939	-127,529	-36,144	-25,477	-32,132
Financing Activities
Bank loans	516,739	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-50,766	25,542	14,645	10,579	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	1,219,776	488,485	0	0	-34,736	-33,202	-63,011	130,949	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-1,150,000	1,145,902	4,098	0	0	0	-189,449	135,699	53,750	-663,039	663,039	0	0
share issue	0	0	0	0	70,000	0	0	-1,544	1,050,000	0	0	0	0	140,000
interest	-95,142	-9,573	1,977	5,314	1,592	-9,420	-13,369	-11,847	768	627	612	667	772	239
cash flow from financing	1,641,373	-671,088	1,147,879	9,412	-13,910	-17,080	-61,735	-61,312	1,186,467	54,377	-662,427	663,706	772	140,239
cash and cash equivalents
cash	-885,979	-1,738,862	2,338,132	198,915	181,030	428,042	-286,003	38,554	187,701	-131,130	136,776	-158,775	117,134	95,743
overdraft	0	0	0	0	-33,314	-153,453	133,161	53,606	0	0	0	0	0	0
change in cash	-885,979	-1,738,862	2,338,132	198,915	214,344	581,495	-419,164	-15,052	187,701	-131,130	136,776	-158,775	117,134	95,743

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED group structure

Core Technology Systems (U.K.) Limited has 3 subsidiary companies.

Ultimate parent company

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

02502866

3 subsidiaries

EXCITATION LIMITED

03849566

PARATIVE LIMITED

04915025

COMPANY NET LIMITED

SC167440

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED Shareholders

conor joseph callanan	69.92%
eamon mcgann	18.65%
rye john austin	6.77%
malcolm charles newman	4.66%

Core Technology Systems (U.K.) Limited currently has 4 directors. The longest serving directors include Mr Conor Callanan (May 1992) and Mr Eamon McGann (Jan 2003).

officer	country	age	start	end	role
Mr Conor Callanan	England	58 years	May 1992	-	Director
Mr Eamon McGann	England	53 years	Jan 2003	-	Director
Mr Malcolm Newman		65 years	Dec 2006	-	Director
Mr Rye Austin	England	44 years	Nov 2014	-	Director

P&L

December 2022

turnover

8.6m

+11%

operating profit

153.9k

gross margin

49%

-0.7%

turnover

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

Balance Sheet

December 2022

net assets

1.1m

+0.04%

total assets

5.3m

+0.62%

cash

521.3k

-0.63%

net assets

Total assets minus all liabilities

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3.5

company number

02502866

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

May 1990

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

core technology systems uk limited (October 1991)

uniquote limited (June 1990)

incorporated

address

9th floor 9 appold street, london, EC2A 2AP

last accounts submitted

December 2022

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 8 charges/mortgages relating to core technology systems (u.k.) limited. Currently there are 2 open charges and 6 have been satisfied in the past.

core technology systems (u.k.) limited Company Information

core technology systems (u.k.) limited Estimated Valuation

core technology systems (u.k.) limited Estimated Valuation

core technology systems (u.k.) limited Estimated Valuation

Core Technology Systems (u.k.) Limited Overview

Core Technology Systems (u.k.) Limited Health Check

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED financials

core technology systems (u.k.) limited Credit Report and Business Information

Core Technology Systems (u.k.) Limited Competitor Analysis

core technology systems (u.k.) limited Ownership

core technology systems (u.k.) limited directors

core technology systems (u.k.) limited company details

core technology systems (u.k.) limited Charges & Mortgages

core technology systems (u.k.) limited Companies House Filings - See Documents