Bitbox Ltd

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bitbox ltd Company Information

Live

MatureMidRapid

Company Number

03028638

Website

www.bitbox.co.uk

Registered Address

bitbox ltd whitney road, basingstoke, RG24 8NS

Industry

Other information technology and computer service activities

Telephone

01256799080

Next Accounts Due

16 days late

Group Structure

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Directors

Quentin Lister29 Years

Louise Randall0 Years

Shareholders

quentin jonathan lister 100%

bitbox ltd Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of BITBOX LTD at £7.4m based on a Turnover of £8.5m and 0.87x industry multiple (adjusted for size and gross margin).

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Bitbox Ltd is a live company located in basingstoke, RG24 8NS with a Companies House number of 03028638. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 1995, it's largest shareholder is quentin jonathan lister with a 100% stake. Bitbox Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Bitbox Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £8.5m, make it larger than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.7%)

EXPORT

Bitbox Ltd's latest turnover from August 2022 is estimated at £8.5 million and the company has net assets of £1.8 million. According to their latest financial statements, Bitbox Ltd has 35 employees and maintains cash reserves of £808.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	8,455,379	5,252,649	3,126,272	2,672,285	2,915,475	3,753,113	2,858,840	2,423,323	2,234,426	2,373,271	952,615	700,887	802,367	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,055,293	2,578,530	1,498,376	1,269,666	1,385,455	1,797,329	1,326,114	1,133,261	1,041,435	1,109,016	443,582	323,114	359,815	0
Gross Profit	4,400,086	2,674,119	1,627,895	1,402,619	1,530,021	1,955,784	1,532,726	1,290,062	1,192,990	1,264,255	509,033	377,773	442,551	0
Admin Expenses	3,886,071	2,463,800	1,818,411	1,010,481	1,116,694	1,544,515	1,550,089	1,187,580	1,047,820	1,000,777	259,052	376,020	420,511	189,261
Operating Profit	514,015	210,319	-190,516	392,138	413,327	411,269	-17,363	102,482	145,170	263,478	249,981	1,753	22,040	-189,261
Interest Payable	14,338	6,100	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,594	292	504	4,285	2,754	237	3	71	73	49	52	17	10	1
Pre-Tax Profit	508,272	204,511	-190,012	396,423	416,081	411,506	-17,360	102,553	145,243	263,527	250,033	1,770	22,050	-189,260
Tax	-96,572	-38,857	0	-75,320	-79,055	-78,186	0	-20,510	-30,501	-60,611	-60,008	-460	-6,174	0
Profit After Tax	411,700	165,654	-190,012	321,103	337,026	333,320	-17,360	82,042	114,742	202,916	190,025	1,310	15,876	-189,260
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	411,700	165,654	-190,012	321,103	337,026	333,320	-17,360	82,042	114,742	202,916	190,025	1,310	15,876	-189,260
Employee Costs	2,241,509	2,161,005	1,836,780	1,551,118	1,395,485	1,331,419	1,333,368	862,963	801,051	803,561	355,889	245,380	287,103	0
Number Of Employees	35	35	32	27	25	25	25	16	15	16	7	5	6	0
EBITDA*	584,142	247,480	-167,400	417,285	440,261	445,762	26,816	160,029	209,720	336,948	260,523	7,427	29,231	-179,988

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	498,291	138,612	95,427	93,463	90,302	98,042	132,535	172,642	194,229	220,412	31,626	17,021	21,859	26,849
Intangible Assets	136,946	126,905	59,932	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	635,237	265,517	155,359	93,463	90,302	98,042	132,535	172,642	194,229	220,412	31,626	17,021	21,859	26,849
Stock & work in progress	2,711,040	1,386,446	515,232	585,215	345,358	200,000	173,870	186,098	144,106	133,742	70,941	132,980	33,700	35,450
Trade Debtors	1,061,717	748,426	348,379	303,486	436,373	749,434	435,408	419,491	398,717	410,771	151,209	75,180	100,982	34,832
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	577,617	117,645	194,936	84,469	144,095	126,459	0	0	0	0	0	0	0	0
Cash	808,842	173,370	411,076	596,199	546,585	187,938	1,500	836	27,555	1,593	17,982	2,827	3,904	219
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,159,216	2,425,887	1,469,623	1,569,369	1,472,411	1,263,831	610,778	606,425	570,378	546,106	240,132	210,987	138,586	70,501
total assets	5,794,453	2,691,404	1,624,982	1,662,832	1,562,713	1,361,873	743,313	779,067	764,607	766,518	271,758	228,008	160,445	97,350
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	40,000	30,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,746,383	479,641	312,309	141,820	381,544	471,736	324,913	335,157	331,819	296,545	128,566	248,020	333,828	286,609
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	762,173	579,296	96,172	114,499	92,423	138,417	0	0	0	0	0	0	0	0
total current liabilities	3,548,556	1,088,937	408,481	256,319	473,967	610,153	324,913	335,157	331,819	296,545	128,566	248,020	333,828	286,609
loans	130,000	170,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	243,822	32,606	0	0	0	0	0	1,972	70,824	220,257	120,000	150,000	0	0
provisions	92,992	32,478	14,772	14,772	18,108	18,108	18,108	24,286	26,354	28,848	5,240	2,061	0	0
total long term liabilities	466,814	235,084	14,772	14,772	18,108	18,108	18,108	26,258	97,178	249,105	125,240	152,061	0	0
total liabilities	4,015,370	1,324,021	423,253	271,091	492,075	628,261	343,021	361,415	428,997	545,650	253,806	400,081	333,828	286,609
net assets	1,779,083	1,367,383	1,201,729	1,391,741	1,070,638	733,612	400,292	417,652	335,610	220,868	17,952	-172,073	-173,383	-189,259
total shareholders funds	1,779,083	1,367,383	1,201,729	1,391,741	1,070,638	733,612	400,292	417,652	335,610	220,868	17,952	-172,073	-173,383	-189,259

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	514,015	210,319	-190,516	392,138	413,327	411,269	-17,363	102,482	145,170	263,478	249,981	1,753	22,040	-189,261
Depreciation	70,127	37,161	23,116	25,147	26,934	34,493	44,179	57,547	64,550	73,470	10,542	5,674	7,191	9,273
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-96,572	-38,857	0	-75,320	-79,055	-78,186	0	-20,510	-30,501	-60,611	-60,008	-460	-6,174	0
Stock	1,324,594	871,214	-69,983	239,857	145,358	26,130	-12,228	41,992	10,364	62,801	-62,039	99,280	-1,750	35,450
Debtors	773,263	322,756	155,360	-192,513	-295,425	440,485	15,917	20,774	-12,054	259,562	76,029	-25,802	66,150	34,832
Creditors	2,266,742	167,332	170,489	-239,724	-90,192	146,823	-10,244	3,338	35,274	167,979	-119,454	-85,808	47,219	286,609
Accruals and Deferred Income	182,877	483,124	-18,327	22,076	-45,994	138,417	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	60,514	17,706	0	-3,336	0	0	-6,178	-2,068	-2,494	23,608	3,179	2,061	0	0
Cash flow from operations	899,846	-317,185	-100,615	73,637	375,087	186,201	6,705	78,023	213,689	145,561	70,250	-150,258	5,876	36,339
Investing Activities
capital expenditure	-439,847	-147,319	-85,012	-28,308	-19,194	0	-4,072	-35,960	-38,367	-262,256	-25,147	-836	-2,201	-36,122
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-439,847	-147,319	-85,012	-28,308	-19,194	0	-4,072	-35,960	-38,367	-262,256	-25,147	-836	-2,201	-36,122
Financing Activities
Bank loans	10,000	30,000	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-40,000	170,000	0	0	0	0	0	0	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	211,216	32,606	0	0	0	0	-1,972	-68,852	-149,433	100,257	-30,000	150,000	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-5,744	-5,808	504	4,285	2,754	237	3	71	73	49	52	17	10	1
cash flow from financing	175,472	226,798	504	4,285	2,754	237	-1,969	-68,781	-149,360	100,306	-29,948	150,017	10	2
cash and cash equivalents
cash	635,472	-237,706	-185,123	49,614	358,647	186,438	664	-26,719	25,962	-16,389	15,155	-1,077	3,685	219
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	635,472	-237,706	-185,123	49,614	358,647	186,438	664	-26,719	25,962	-16,389	15,155	-1,077	3,685	219

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BITBOX LTD group structure

Bitbox Ltd has no subsidiary companies.

Ultimate parent company

BITBOX LTD

03028638

BITBOX LTD Shareholders

quentin jonathan lister

100%

Bitbox Ltd currently has 2 directors. The longest serving directors include Mr Quentin Lister (Mar 1995) and Miss Louise Randall (Dec 2023).

officer	country	age	start	end	role
Mr Quentin Lister	England	61 years	Mar 1995	-	Director
Miss Louise Randall	England	50 years	Dec 2023	-	Director

P&L

August 2022

turnover

8.5m

+61%

operating profit

514k

gross margin

52.1%

+2.22%

turnover

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

Balance Sheet

August 2022

net assets

1.8m

+0.3%

total assets

5.8m

+1.15%

cash

808.8k

+3.67%

net assets

Total assets minus all liabilities

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company number

03028638

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

March 1995

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

bit-box limited (April 2018)

incorporated

address

bitbox ltd whitney road, basingstoke, RG24 8NS

last accounts submitted

August 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 3 charges/mortgages relating to bitbox ltd. Currently there are 3 open charges and 0 have been satisfied in the past.

bitbox ltd Company Information

bitbox ltd Estimated Valuation

bitbox ltd Estimated Valuation

bitbox ltd Estimated Valuation

Bitbox Ltd Overview

Bitbox Ltd Health Check

BITBOX LTD financials

bitbox ltd Credit Report and Business Information

Bitbox Ltd Competitor Analysis

bitbox ltd Ownership

bitbox ltd directors

bitbox ltd company details

bitbox ltd Charges & Mortgages

bitbox ltd Companies House Filings - See Documents