openbet limited
openbet limited Company Information
Company Number
03134634
Next Accounts
Sep 2025
Shareholders
openbet technologies limited
Group Structure
View All
Industry
Other information technology and computer service activities
+2Registered Address
building 6, chiswick park, 566 chiswick high road, london, W4 5HR
Website
www.openbet.comopenbet limited Estimated Valuation
Pomanda estimates the enterprise value of OPENBET LIMITED at £122m based on a Turnover of £54.8m and 2.23x industry multiple (adjusted for size and gross margin).
openbet limited Estimated Valuation
Pomanda estimates the enterprise value of OPENBET LIMITED at £0 based on an EBITDA of £-2.6m and a 14.88x industry multiple (adjusted for size and gross margin).
openbet limited Estimated Valuation
Pomanda estimates the enterprise value of OPENBET LIMITED at £394.9m based on Net Assets of £170.3m and 2.32x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Openbet Limited Overview
Openbet Limited is a live company located in london, W4 5HR with a Companies House number of 03134634. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 1995, it's largest shareholder is openbet technologies limited with a 100% stake. Openbet Limited is a mature, large sized company, Pomanda has estimated its turnover at £54.8m with low growth in recent years.
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Openbet Limited Health Check
Pomanda's financial health check has awarded Openbet Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £54.8m, make it larger than the average company (£5m)
£54.8m - Openbet Limited
£5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.9%)
4% - Openbet Limited
8.9% - Industry AVG
Production
with a gross margin of 91.4%, this company has a lower cost of product (56.3%)
91.4% - Openbet Limited
56.3% - Industry AVG
Profitability
an operating margin of -24.6% make it less profitable than the average company (4.3%)
-24.6% - Openbet Limited
4.3% - Industry AVG
Employees
with 319 employees, this is above the industry average (35)
319 - Openbet Limited
35 - Industry AVG
Pay Structure
on an average salary of £76.4k, the company has an equivalent pay structure (£69.8k)
£76.4k - Openbet Limited
£69.8k - Industry AVG
Efficiency
resulting in sales per employee of £171.7k, this is more efficient (£146.7k)
£171.7k - Openbet Limited
£146.7k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (57 days)
37 days - Openbet Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (34 days)
60 days - Openbet Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Openbet Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (16 weeks)
10 weeks - Openbet Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.2%, this is a lower level of debt than the average (62%)
26.2% - Openbet Limited
62% - Industry AVG
OPENBET LIMITED financials
Openbet Limited's latest turnover from December 2023 is £54.8 million and the company has net assets of £170.3 million. According to their latest financial statements, Openbet Limited has 319 employees and maintains cash reserves of £12 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 54,775,000 | 42,583,000 | 40,971,000 | 49,019,000 | 41,974,000 | 68,429,000 | 97,148,000 | 57,007,000 | 56,007,000 | 47,972,000 | 45,947,000 | 40,549,000 | 30,906,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 4,688,000 | 5,154,000 | 7,056,000 | 9,351,000 | 12,275,000 | 2,235,000 | 2,039,000 | 1,059,000 | 1,363,000 | 533,000 | 31,000 | 12,000 | |
| Gross Profit | 50,087,000 | 37,429,000 | 33,915,000 | 39,668,000 | 29,699,000 | 66,194,000 | 95,109,000 | 55,948,000 | 54,644,000 | 47,439,000 | 45,916,000 | 40,537,000 | |
| Admin Expenses | 63,572,000 | 77,496,000 | 64,241,000 | 74,215,000 | 20,607,000 | 47,348,000 | 70,495,000 | 36,776,000 | 39,465,000 | 38,942,000 | 32,013,000 | 35,540,000 | |
| Operating Profit | -13,485,000 | -40,067,000 | -30,326,000 | -34,547,000 | 9,092,000 | 18,846,000 | 24,614,000 | 19,172,000 | 15,179,000 | 8,497,000 | 13,903,000 | 4,997,000 | 7,490,000 |
| Interest Payable | 35,000 | 134,000 | 282,000 | 274,000 | 0 | 0 | 0 | 5,288,000 | 8,000 | 0 | 0 | 0 | 0 |
| Interest Receivable | 118,000 | 566,000 | 5,000 | 13,000 | 14,000 | 14,000 | 520,000 | 59,000 | 3,000 | 3,000 | 0 | 0 | 8,000 |
| Pre-Tax Profit | -13,402,000 | -39,635,000 | -30,603,000 | -34,808,000 | 9,126,000 | 18,860,000 | 25,134,000 | 13,943,000 | 15,174,000 | 8,500,000 | 13,903,000 | 4,997,000 | 7,108,000 |
| Tax | -5,946,000 | 5,548,000 | 858,000 | -159,000 | 148,000 | -926,000 | -2,157,000 | 59,000 | -65,000 | 218,000 | -101,000 | 402,000 | -2,228,000 |
| Profit After Tax | -19,348,000 | -34,087,000 | -29,745,000 | -34,967,000 | 9,274,000 | 17,934,000 | 22,977,000 | 14,002,000 | 15,109,000 | 8,718,000 | 13,802,000 | 5,399,000 | 4,880,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,500,000 |
| Retained Profit | -19,348,000 | -34,087,000 | -29,745,000 | -34,967,000 | 9,274,000 | 17,934,000 | 22,977,000 | 14,002,000 | 15,109,000 | 8,718,000 | 13,802,000 | 5,399,000 | -2,620,000 |
| Employee Costs | 24,369,000 | 24,843,000 | 39,931,000 | 37,355,000 | 25,869,000 | 19,022,000 | 31,767,000 | 22,695,000 | 25,669,000 | 27,810,000 | 22,344,000 | 25,341,000 | 17,090,000 |
| Number Of Employees | 319 | 299 | 360 | 348 | 360 | 329 | 347 | 352 | 416 | 472 | 374 | 326 | 264 |
| EBITDA* | -2,566,000 | -22,273,000 | -13,059,000 | -22,514,000 | 15,926,000 | 22,363,000 | 24,614,000 | 20,537,000 | 16,451,000 | 9,367,000 | 14,349,000 | 5,365,000 | 7,646,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 854,000 | 1,096,000 | 866,000 | 1,439,000 | 2,385,000 | 1,125,000 | 1,146,000 | 1,227,000 | 1,602,000 | 2,081,000 | 2,119,000 | 1,999,000 | 1,972,000 |
| Intangible Assets | 23,720,000 | 19,251,000 | 23,114,000 | 22,026,000 | 12,790,000 | 9,508,000 | 8,181,000 | 6,453,000 | 4,363,000 | 2,723,000 | 552,000 | 0 | 0 |
| Investments & Other | 60,556,000 | 44,918,000 | 0 | 0 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 258,000 |
| Debtors (Due After 1 year) | 548,000 | 2,808,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 85,678,000 | 68,073,000 | 23,980,000 | 23,465,000 | 15,175,000 | 10,633,000 | 9,327,000 | 7,700,000 | 5,985,000 | 4,824,000 | 2,691,000 | 2,019,000 | 2,230,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,585,000 | 7,271,000 | 6,673,000 | 7,319,000 | 16,349,000 | 15,030,000 | 13,214,000 | 15,380,000 | 9,828,000 | 4,489,000 | 12,049,000 | 13,006,000 | 8,615,000 |
| Group Debtors | 116,137,000 | 118,167,000 | 213,869,000 | 127,392,000 | 19,399,000 | 35,773,000 | 10,600,000 | 51,571,000 | 38,102,000 | 26,512,000 | 12,441,000 | 3,382,000 | 0 |
| Misc Debtors | 11,237,000 | 15,319,000 | 10,695,000 | 18,353,000 | 2,399,000 | 4,412,000 | 4,786,000 | 3,249,000 | 9,749,000 | 10,192,000 | 3,037,000 | 2,122,000 | 1,320,000 |
| Cash | 11,984,000 | 2,671,000 | 2,586,000 | 4,345,000 | 1,654,000 | 360,000 | 5,054,000 | 2,920,000 | 5,494,000 | 3,405,000 | 7,300,000 | 247,000 | 1,711,000 |
| misc current assets | 0 | 0 | 4,262,000 | 0 | 20,000 | 158,000 | 213,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 144,943,000 | 143,428,000 | 238,085,000 | 157,409,000 | 39,821,000 | 55,733,000 | 33,867,000 | 73,120,000 | 63,173,000 | 44,598,000 | 34,827,000 | 18,757,000 | 11,646,000 |
| total assets | 230,621,000 | 211,501,000 | 262,065,000 | 180,874,000 | 54,996,000 | 66,366,000 | 43,194,000 | 80,820,000 | 69,158,000 | 49,422,000 | 37,518,000 | 20,776,000 | 13,876,000 |
| Bank overdraft | 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 |
| Trade Creditors | 780,000 | 1,322,000 | 1,495,000 | 971,000 | 260,000 | 7,362,000 | 6,109,000 | 787,000 | 1,821,000 | 1,314,000 | 593,000 | 650,000 | 813,000 |
| Group/Directors Accounts | 51,374,000 | 12,175,000 | 179,995,000 | 191,684,000 | 0 | 0 | 0 | 7,845,000 | 7,884,000 | 5,201,000 | 4,212,000 | 1,044,000 | 416,000 |
| other short term finances | 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 |
| other current liabilities | 7,347,000 | 8,293,000 | 5,940,000 | 6,614,000 | 21,184,000 | 26,505,000 | 22,520,000 | 9,157,000 | 10,424,000 | 8,987,000 | 7,511,000 | 7,682,000 | 6,646,000 |
| total current liabilities | 59,501,000 | 21,790,000 | 187,430,000 | 199,269,000 | 21,444,000 | 33,867,000 | 28,629,000 | 17,789,000 | 20,129,000 | 15,502,000 | 12,316,000 | 9,376,000 | 7,875,000 |
| loans | 745,000 | 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 |
| Accruals and Deferred Income | 85,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 1,620,000 | 2,923,000 | 3,905,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 1,019,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 830,000 | 1,620,000 | 3,942,000 | 3,905,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 60,331,000 | 23,410,000 | 191,372,000 | 203,174,000 | 21,444,000 | 33,867,000 | 28,629,000 | 17,789,000 | 20,129,000 | 15,502,000 | 12,316,000 | 9,376,000 | 7,875,000 |
| net assets | 170,290,000 | 188,091,000 | 70,693,000 | -22,300,000 | 33,552,000 | 32,499,000 | 14,565,000 | 63,031,000 | 49,029,000 | 33,920,000 | 25,202,000 | 11,400,000 | 6,001,000 |
| total shareholders funds | 170,290,000 | 188,091,000 | 70,693,000 | -22,300,000 | 33,552,000 | 32,499,000 | 14,565,000 | 63,031,000 | 49,029,000 | 33,920,000 | 25,202,000 | 11,400,000 | 6,001,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -13,485,000 | -40,067,000 | -30,326,000 | -34,547,000 | 9,092,000 | 18,846,000 | 24,614,000 | 19,172,000 | 15,179,000 | 8,497,000 | 13,903,000 | 4,997,000 | 7,490,000 |
| Depreciation | 510,000 | 734,000 | 3,035,000 | 1,928,000 | 643,000 | 717,000 | 599,000 | 631,000 | 627,000 | 446,000 | 368,000 | 156,000 | |
| Amortisation | 10,409,000 | 17,060,000 | 14,232,000 | 10,105,000 | 6,191,000 | 2,800,000 | 766,000 | 641,000 | 243,000 | 0 | 0 | 0 | |
| Tax | -5,946,000 | 5,548,000 | 858,000 | -159,000 | 148,000 | -926,000 | -2,157,000 | 59,000 | -65,000 | 218,000 | -101,000 | 402,000 | -2,228,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,058,000 | -87,672,000 | 78,173,000 | 153,064,000 | -17,068,000 | 26,615,000 | -41,600,000 | 12,521,000 | 16,486,000 | 13,666,000 | 9,017,000 | 8,575,000 | 9,935,000 |
| Creditors | -542,000 | -173,000 | 524,000 | 971,000 | -7,102,000 | 1,253,000 | 5,322,000 | -1,034,000 | 507,000 | 721,000 | -57,000 | -163,000 | 813,000 |
| Accruals and Deferred Income | -861,000 | 2,353,000 | -674,000 | 6,614,000 | -5,321,000 | 3,985,000 | 13,363,000 | -1,267,000 | 1,437,000 | 1,476,000 | -171,000 | 1,036,000 | 6,646,000 |
| Deferred Taxes & Provisions | 0 | -1,019,000 | 1,019,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 143,000 | 72,108,000 | -89,505,000 | -168,152,000 | 20,719,000 | 60,000 | 5,774,000 | 1,844,000 | -1,884,000 | 5,003,000 | -1,935,000 | 2,942,000 | |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 15,638,000 | 44,918,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -238,000 | 258,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 39,199,000 | -167,820,000 | -11,689,000 | 191,684,000 | 0 | 0 | -7,845,000 | -39,000 | 2,683,000 | 989,000 | 3,168,000 | 628,000 | 416,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 745,000 | 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 |
| other long term liabilities | -1,620,000 | -1,303,000 | -982,000 | 3,905,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 83,000 | 432,000 | -277,000 | -261,000 | 14,000 | 14,000 | 520,000 | -5,229,000 | -5,000 | 3,000 | 0 | 0 | 8,000 |
| cash flow from financing | 39,954,000 | -17,206,000 | 109,790,000 | 207,995,000 | -8,207,000 | 14,000 | -78,768,000 | -5,268,000 | 2,678,000 | 992,000 | 3,168,000 | 628,000 | 9,045,000 |
| cash and cash equivalents | |||||||||||||
| cash | 9,313,000 | 85,000 | -1,759,000 | 4,345,000 | 1,294,000 | -4,694,000 | 2,134,000 | -2,574,000 | 2,089,000 | -3,895,000 | 7,053,000 | -1,464,000 | 1,711,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,313,000 | 85,000 | -1,759,000 | 4,345,000 | 1,294,000 | -4,694,000 | 2,134,000 | -2,574,000 | 2,089,000 | -3,895,000 | 7,053,000 | -1,464,000 | 1,711,000 |
openbet limited Credit Report and Business Information
Openbet Limited Competitor Analysis
Perform a competitor analysis for openbet limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in W 4 area or any other competitors across 12 key performance metrics.
openbet limited Ownership
OPENBET LIMITED group structure
Openbet Limited has 1 subsidiary company.
Ultimate parent company
OPENBET HOLDCO LTD
#0148945
2 parents
OPENBET LIMITED
03134634
1 subsidiary
openbet limited directors
Openbet Limited currently has 2 directors. The longest serving directors include Mr Michael Eklund (Jun 2020) and Mr Jordan Levin (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Eklund | United States | 56 years | Jun 2020 | - | Director |
| Mr Jordan Levin | England | 48 years | Aug 2021 | - | Director |
P&L
December 2023turnover
54.8m
+29%
operating profit
-13.5m
-66%
gross margin
91.5%
+4.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
170.3m
-0.09%
total assets
230.6m
+0.09%
cash
12m
+3.49%
net assets
Total assets minus all liabilities
openbet limited company details
company number
03134634
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62090 - Other information technology and computer service activities
62012 - Business and domestic software development
incorporation date
December 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
orbis technology limited (June 2010)
rapidfirst limited (February 1996)
accountant
-
auditor
MENZIES LLP
address
building 6, chiswick park, 566 chiswick high road, london, W4 5HR
Bank
-
Legal Advisor
-
openbet 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 did not find charges/mortgages relating to openbet limited.
openbet limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for OPENBET LIMITED. This can take several minutes, an email will notify you when this has completed.
openbet limited Companies House Filings - See Documents
| date | description | view/download |
|---|
