patsystems (uk) limited
patsystems (uk) limited Company Information
Company Number
03086310
Website
www.patsystems.comRegistered Address
c/o ion 10 queen street place, london, EC4R 1BE
Industry
Computer consultancy activities
Data processing, hosting and related activities
Telephone
442073980200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
patsystems limited 100%
patsystems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of PATSYSTEMS (UK) LIMITED at £3.9m based on a Turnover of £4m and 0.98x industry multiple (adjusted for size and gross margin).
patsystems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of PATSYSTEMS (UK) LIMITED at £35.2m based on an EBITDA of £6m and a 5.84x industry multiple (adjusted for size and gross margin).
patsystems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of PATSYSTEMS (UK) LIMITED at £69.5m based on Net Assets of £34.4m and 2.02x industry multiple (adjusted for liquidity).
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Patsystems (uk) Limited Overview
Patsystems (uk) Limited is a live company located in london, EC4R 1BE with a Companies House number of 03086310. It operates in the other software publishing sector, SIC Code 58290. Founded in August 1995, it's largest shareholder is patsystems limited with a 100% stake. Patsystems (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.
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Patsystems (uk) Limited Health Check
Pomanda's financial health check has awarded Patsystems (Uk) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £4m, make it in line with the average company (£4.4m)
£4m - Patsystems (uk) Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.1%)
-12% - Patsystems (uk) Limited
4.1% - Industry AVG
Production
with a gross margin of 60.8%, this company has a comparable cost of product (60.8%)
60.8% - Patsystems (uk) Limited
60.8% - Industry AVG
Profitability
an operating margin of 147.5% make it more profitable than the average company (5.9%)
147.5% - Patsystems (uk) Limited
5.9% - Industry AVG
Employees
with 28 employees, this is similar to the industry average (30)
- Patsystems (uk) Limited
30 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Patsystems (uk) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £142.6k, this is equally as efficient (£148k)
- Patsystems (uk) Limited
£148k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (60 days)
2 days - Patsystems (uk) Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (35 days)
1 days - Patsystems (uk) Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Patsystems (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Patsystems (uk) Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.8%, this is a lower level of debt than the average (60%)
15.8% - Patsystems (uk) Limited
60% - Industry AVG
patsystems (uk) limited Credit Report and Business Information
Patsystems (uk) Limited Competitor Analysis
Perform a competitor analysis for patsystems (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
patsystems (uk) limited Ownership
PATSYSTEMS (UK) LIMITED group structure
Patsystems (Uk) Limited has no subsidiary companies.
Ultimate parent company
BESSEL CAPITAL SARL
#0066309
2 parents
PATSYSTEMS (UK) LIMITED
03086310
patsystems (uk) limited directors
Patsystems (Uk) Limited currently has 2 directors. The longest serving directors include Mr Silvio Oliviero (Jul 2012) and Ms Mandy Rutter (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Silvio Oliviero | England | 52 years | Jul 2012 | - | Director |
| Ms Mandy Rutter | England | 58 years | Oct 2020 | - | Director |
PATSYSTEMS (UK) LIMITED financials
Patsystems (Uk) Limited's latest turnover from December 2022 is £4 million and the company has net assets of £34.4 million. According to their latest financial statements, we estimate that Patsystems (Uk) Limited has 28 employees and maintains cash reserves of £121.1 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 | 3,993,918 | 4,588,243 | 4,634,058 | 5,810,097 | 5,895,406 | 4,125,228 | 4,885,512 | 5,341,031 | 4,839,275 | 5,064,429 | 4,780,224 | 5,832,051 | 7,697,454 | 6,722,037 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 9,487 | 146,173 | 166,717 | 285,542 | 438,384 | 565,935 | 344,960 | 173,738 | 243,207 | |||||
| Gross Profit | 4,115,741 | 4,739,339 | 5,174,314 | 4,553,733 | 4,626,045 | 4,214,289 | 5,487,091 | 7,523,716 | 6,478,830 | |||||
| Admin Expenses | 7,025,142 | -1,611,474 | -21,319,236 | -958,565 | 1,441,441 | 5,124,417 | 10,017,620 | 4,556,806 | 4,815,243 | |||||
| Operating Profit | 5,892,260 | 3,993,972 | 955,781 | 3,499,539 | 2,383,234 | -2,909,401 | 6,350,813 | 26,493,550 | 5,512,298 | 3,184,604 | -910,128 | -4,530,529 | 2,966,910 | 1,663,587 |
| Interest Payable | 0 | 5 | 2,060 | 1,674 | 46,782 | 46,023 | 95,892 | 1,152,725 | 303,474 | 60,809 | 0 | 0 | 0 | 0 |
| Interest Receivable | 690,284 | 584,757 | 512,871 | 353,041 | 230,866 | 194,195 | 165,492 | 93,868 | 93,868 | 162 | 1,243 | 75,084 | 113,515 | 87,080 |
| Pre-Tax Profit | 6,582,544 | 4,578,724 | 1,466,592 | 6,306,095 | 2,567,318 | -2,761,229 | 6,420,413 | 25,434,693 | 5,302,692 | 3,123,957 | -908,885 | -4,455,445 | 3,080,425 | 1,750,667 |
| Tax | -19,835 | -42,283 | 112,759 | -650 | -266,960 | -208,560 | -1,164,534 | -810,688 | -1,101,328 | -1,252,989 | -363,904 | 849,394 | -1,093,199 | 184,696 |
| Profit After Tax | 6,562,709 | 4,536,441 | 1,579,351 | 6,305,445 | 2,300,358 | -2,969,789 | 5,255,879 | 24,624,005 | 4,201,364 | 1,870,968 | -1,272,789 | -3,606,051 | 1,987,226 | 1,935,363 |
| Dividends Paid | 2,143,884 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,418,825 | 4,536,441 | 1,579,351 | 6,305,445 | 2,300,358 | -2,969,789 | 5,255,879 | 24,624,005 | 4,201,364 | 1,870,968 | -1,272,789 | -3,606,051 | 1,987,226 | 1,935,363 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 744,582 | 3,807,318 | 4,610,734 | 6,921,934 | 7,684,555 | 7,226,794 | 8,213,186 |
| Number Of Employees | 11 | 50 | 64 | 86 | 98 | 102 | 104 | |||||||
| EBITDA* | 6,034,012 | 4,228,158 | 2,871,836 | 4,269,753 | 3,165,986 | -2,107,444 | 7,349,548 | 27,377,223 | 6,235,259 | 3,416,996 | -644,041 | -4,281,908 | 3,318,507 | 2,166,991 |
* 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 | 0 | 0 | 0 | 0 | 0 | 245,630 | 334,635 | 1,507,234 | 21,063,289 | 465,142 | 295,877 | 497,021 | 359,759 | 431,544 |
| Intangible Assets | 0 | 96,210 | 288,309 | 1,989,729 | 2,540,567 | 3,071,575 | 3,585,637 | 4,317,359 | 3,597,379 | 17,446 | 57,534 | 116,040 | 131,936 | 104,213 |
| Investments & Other | 362,780 | 381,098 | 383,250 | 269,154 | 272,357 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,540,970 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 362,780 | 477,308 | 671,559 | 2,258,883 | 2,812,924 | 3,317,205 | 3,920,272 | 5,824,593 | 24,660,668 | 482,588 | 353,411 | 613,061 | 491,695 | 535,757 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,240 |
| Trade Debtors | 28,130 | 3,069,102 | 2,979,641 | 381,918 | 461,873 | 629,198 | 2,201,147 | 2,229,230 | 0 | 2,095,805 | 1,145,002 | 619,431 | 1,482,753 | 763,136 |
| Group Debtors | 39,781,752 | 35,267,761 | 31,060,061 | 27,151,049 | 23,445,463 | 19,891,968 | 22,375,833 | 15,455,622 | 0 | 10,638,963 | 6,317,980 | 3,404,106 | 5,574,915 | 4,757,530 |
| Misc Debtors | 537,532 | 154,943 | 232,231 | 737,825 | 9,944 | 1,434,092 | 429,511 | 275,555 | 0 | 4,120,764 | 5,864,766 | 1,583,648 | 2,248,035 | 934,003 |
| Cash | 121,114 | 459,648 | 3,786 | 920,396 | 201,926 | 744,223 | 1,063,103 | 1,731,948 | 804,015 | 439,109 | 326,943 | 1,625,579 | 7,728,985 | 7,651,044 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,385,673 | 4,526,307 | 5,496,913 |
| total current assets | 40,468,528 | 38,951,454 | 34,275,719 | 29,191,188 | 24,119,206 | 22,699,481 | 26,069,594 | 19,692,355 | 804,015 | 17,294,641 | 13,654,691 | 12,618,437 | 21,560,995 | 19,603,866 |
| total assets | 40,831,308 | 39,428,762 | 34,947,278 | 31,450,071 | 26,932,130 | 26,016,686 | 29,989,866 | 25,516,948 | 25,464,683 | 17,777,229 | 14,008,102 | 13,231,498 | 22,052,690 | 20,139,623 |
| Bank overdraft | 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 |
| Trade Creditors | 4,715 | 6,874 | 362 | 0 | 11,175 | 1,380 | 8,531 | 59,491 | 62,263 | 183,384 | 431,616 | 448,910 | 564,238 | 319,800 |
| Group/Directors Accounts | 6,299,905 | 6,118,594 | 6,401,022 | 6,321,972 | 9,080,878 | 10,288,538 | 2,245,195 | 0 | 0 | 0 | 2,190,907 | 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 | 159,160 | 3,355,448 | 3,134,489 | 1,296,045 | 313,468 | 196,537 | 2,078,651 | 2,166,771 | 2,591,512 | 1,737,211 | 1,585,968 | 1,330,353 | 1,301,045 | 1,158,943 |
| total current liabilities | 6,463,780 | 9,480,916 | 9,535,873 | 7,618,017 | 9,405,521 | 10,486,455 | 4,332,377 | 2,226,262 | 2,653,775 | 1,920,595 | 4,208,491 | 1,779,263 | 1,865,283 | 1,478,743 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 7,157,469 | 9,153,941 | 33,376,306 | 32,636,184 | 28,372,129 | 29,016,907 | 34,836,828 | 35,004,456 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,785,208 | 1,628,932 | 909,743 | 987,743 | 722,800 | 32,000 | 325,071 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 7,157,469 | 10,046,545 | 34,190,772 | 33,545,927 | 29,359,872 | 29,739,707 | 34,868,828 | 35,329,527 |
| total liabilities | 6,463,780 | 9,480,916 | 9,535,873 | 7,618,017 | 9,405,521 | 10,486,455 | 11,489,846 | 12,272,807 | 36,844,547 | 35,466,522 | 33,568,363 | 31,518,970 | 36,734,111 | 36,808,270 |
| net assets | 34,367,528 | 29,947,846 | 25,411,405 | 23,832,054 | 17,526,609 | 15,530,231 | 18,500,020 | 13,244,141 | -11,379,864 | -17,689,293 | -19,560,261 | -18,287,472 | -14,681,421 | -16,668,647 |
| total shareholders funds | 34,367,528 | 29,947,846 | 25,411,405 | 23,832,054 | 17,526,609 | 15,530,231 | 18,500,020 | 13,244,141 | -11,379,864 | -17,689,293 | -19,560,261 | -18,287,472 | -14,681,421 | -16,668,647 |
| 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 | 5,892,260 | 3,993,972 | 955,781 | 3,499,539 | 2,383,234 | -2,909,401 | 6,350,813 | 26,493,550 | 5,512,298 | 3,184,604 | -910,128 | -4,530,529 | 2,966,910 | 1,663,587 |
| Depreciation | 0 | 0 | 0 | 0 | 9,306 | 47,526 | 84,075 | 179,456 | 228,474 | 197,069 | 201,926 | 182,750 | 244,742 | 317,466 |
| Amortisation | 141,752 | 234,186 | 1,916,055 | 770,214 | 773,446 | 754,431 | 914,660 | 704,217 | 494,487 | 35,323 | 64,161 | 65,871 | 106,855 | 185,938 |
| Tax | -19,835 | -42,283 | 112,759 | -650 | -266,960 | -208,560 | -1,164,534 | -810,688 | -1,101,328 | -1,252,989 | -363,904 | 849,394 | -1,093,199 | 184,696 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,240 | 1,240 |
| Debtors | 1,855,608 | 4,219,873 | 6,001,141 | 4,353,512 | 1,962,022 | -3,051,233 | 7,046,084 | -580,563 | 1,685,438 | 3,527,784 | 7,720,563 | -3,698,518 | 2,851,034 | 6,454,669 |
| Creditors | -2,159 | 6,512 | 362 | -11,175 | 9,795 | -7,151 | -50,960 | -2,772 | -121,121 | -248,232 | -17,294 | -115,328 | 244,438 | 319,800 |
| Accruals and Deferred Income | -3,196,288 | 220,959 | 1,838,444 | 982,577 | 116,931 | -1,882,114 | -88,120 | -424,741 | 854,301 | 151,243 | 255,615 | 29,308 | 142,102 | 1,158,943 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -1,785,208 | 156,276 | 719,189 | -78,000 | 264,943 | 690,800 | -293,071 | 325,071 |
| Cash flow from operations | 960,122 | 193,473 | -1,177,740 | 886,993 | 1,063,730 | -1,154,036 | -2,785,358 | 26,875,861 | 4,900,862 | -1,538,766 | -8,225,244 | 870,784 | -531,017 | -2,300,408 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -18,318 | -2,152 | 114,096 | -3,203 | 272,357 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 181,311 | -282,428 | 79,050 | -2,758,906 | -1,207,660 | 8,043,343 | 2,245,195 | 0 | 0 | -2,190,907 | 2,190,907 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -7,157,469 | -1,996,472 | -24,222,365 | 740,122 | 4,264,055 | -644,778 | -5,819,921 | -167,628 | 35,004,456 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 690,284 | 584,752 | 510,811 | 351,367 | 184,084 | 148,172 | 69,600 | -1,058,857 | -209,606 | -60,647 | 1,243 | 75,084 | 113,515 | 87,080 |
| cash flow from financing | 872,452 | 302,324 | 589,861 | -2,407,539 | -1,327,556 | 1,034,046 | 318,323 | -25,281,222 | 2,638,581 | 2,012,501 | 1,547,372 | -5,744,837 | -54,113 | 16,487,526 |
| cash and cash equivalents | ||||||||||||||
| cash | -338,534 | 455,862 | -916,610 | 718,470 | -542,297 | -318,880 | -668,845 | 927,933 | 364,906 | 112,166 | -1,298,636 | -6,103,406 | 77,941 | 7,651,044 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -338,534 | 455,862 | -916,610 | 718,470 | -542,297 | -318,880 | -668,845 | 927,933 | 364,906 | 112,166 | -1,298,636 | -6,103,406 | 77,941 | 7,651,044 |
P&L
December 2022turnover
4m
-13%
operating profit
5.9m
+48%
gross margin
60.9%
+1.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
34.4m
+0.15%
total assets
40.8m
+0.04%
cash
121.1k
-0.74%
net assets
Total assets minus all liabilities
Similar Companies
patsystems (uk) limited company details
company number
03086310
Type
Private limited with Share Capital
industry
58290 - Other software publishing
62020 - Computer consultancy activities
63110 - Data processing, hosting and related activities
incorporation date
August 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
pat systems limited (March 2000)
incorporated
UK
address
c/o ion 10 queen street place, london, EC4R 1BE
last accounts submitted
December 2022
patsystems (uk) limited 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 22 charges/mortgages relating to patsystems (uk) limited. Currently there are 6 open charges and 16 have been satisfied in the past.
patsystems (uk) limited Companies House Filings - See Documents
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