Openda Limited

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openda limited Company Information

Live

MatureSmallHigh

Company Number

03301305

Next Accounts

Dec 2024

Industry

Computer consultancy activities

Business and domestic software development

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Directors

Jane Bell

Nathan Bell

Shareholders

nathan david bell

qb systems ltd

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Group Structure

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Contact

Registered Address

unit 6 callow park, callow hill brinkworth, chippenham, wiltshire, SN15 5FD

Website

www.openda.com

openda limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of OPENDA LIMITED at £1.5m based on Net Assets of £630k and 2.33x industry multiple (adjusted for liquidity).

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Openda Limited is a live company located in chippenham, SN15 5FD with a Companies House number of 03301305. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 1997, it's largest shareholder is nathan david bell with a 60.7% stake. Openda Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.

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Pomanda's financial health check has awarded Openda Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.4%)

EXPORT

Openda Limited's latest turnover from March 2023 is estimated at £1.1 million and the company has net assets of £630 thousand. According to their latest financial statements, Openda Limited has 8 employees and maintains cash reserves of £389.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,108,811	858,515	778,846	640,636	430,059	394,734	420,294	544,394	846,819	631,015	376,950	372,193	696,126	971,532
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	428,654	339,123	307,528	245,288	161,150	146,667	153,959	199,930	310,008	226,876	132,527	130,139	236,173	343,301
Gross Profit	680,157	519,392	471,318	395,348	268,908	248,067	266,335	344,463	536,812	404,139	244,423	242,054	459,953	628,231
Admin Expenses	733,818	468,187	352,351	349,523	158,489	155,392	174,677	465,267	438,734	279,721	202,860	234,262	445,049	440,378
Operating Profit	-53,661	51,205	118,967	45,825	110,419	92,675	91,658	-120,804	98,078	124,418	41,563	7,792	14,904	187,853
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,484	3,882	472	437	2,946	1,850	877	1,856	2,224	1,743	1,036	795	646	286
Pre-Tax Profit	-34,177	55,086	119,440	46,262	113,364	94,525	92,535	-118,948	100,301	126,161	42,599	8,586	15,550	188,139
Tax	0	-10,466	-22,694	-8,790	-21,539	-17,960	-18,507	0	-21,063	-29,017	-10,224	-2,232	-4,354	-52,679
Profit After Tax	-34,177	44,620	96,746	37,472	91,825	76,565	74,028	-118,948	79,238	97,144	32,375	6,354	11,196	135,460
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-34,177	44,620	96,746	37,472	91,825	76,565	74,028	-118,948	79,238	97,144	32,375	6,354	11,196	135,460
Employee Costs	497,411	390,922	409,861	364,989	217,964	158,215	212,153	267,475	362,792	307,593	199,117	195,936	330,790	436,017
Number Of Employees	8	7	8	7	4	3	4	5	7	6	4	4	7	9
EBITDA*	-40,785	59,964	138,233	64,120	124,540	102,803	104,226	-103,381	109,218	142,646	53,715	17,805	22,185	192,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	7,886	7,563	2,637	18,653	23,830	1,782	8,458	16,467	9,043	18,036	10,640	14,676	11,905	2,902
Intangible Assets	0	0	0	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	7,886	7,563	2,637	18,653	23,830	1,782	8,458	16,467	9,043	18,036	10,640	14,676	11,905	2,902
Stock & work in progress	6,504	7,120	16,699	4,263	2,164	5,216	223	276	1,883	795	3,145	264	0	305
Trade Debtors	229,290	172,023	133,502	100,081	72,297	78,920	71,610	91,958	138,195	88,135	56,941	58,336	109,766	149,652
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	258,502	236,446	236,828	245,192	271,125	272,414	15,774	15,553	0	0	0	0	0	0
Cash	389,886	527,022	508,045	436,103	437,447	348,031	392,047	309,580	432,863	456,609	240,782	173,648	144,237	114,220
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	884,182	942,611	895,074	785,639	783,033	704,581	479,654	417,367	572,941	545,539	300,868	232,248	254,003	264,177
total assets	892,068	950,174	897,711	804,292	806,863	706,363	488,112	433,834	581,984	563,575	311,508	246,924	265,908	267,079
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	41,892	28,415	39,457	64,108	129,007	82,523	12,569	45,737	220,067	280,896	125,973	93,764	119,102	131,469
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	220,036	256,271	238,359	214,037	188,245	230,278	158,546	145,128	0	0	0	0	0	0
total current liabilities	261,928	284,686	277,816	278,145	317,252	312,801	171,115	190,865	220,067	280,896	125,973	93,764	119,102	131,469
loans	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
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	92	1,263	290	3,288	4,224	0	0	0	0	0	0	0	0	0
total long term liabilities	92	1,263	290	3,288	4,224	0	0	0	0	0	0	0	0	0
total liabilities	262,020	285,949	278,106	281,433	321,476	312,801	171,115	190,865	220,067	280,896	125,973	93,764	119,102	131,469
net assets	630,048	664,225	619,605	522,859	485,387	393,562	316,997	242,969	361,917	282,679	185,535	153,160	146,806	135,610
total shareholders funds	630,048	664,225	619,605	522,859	485,387	393,562	316,997	242,969	361,917	282,679	185,535	153,160	146,806	135,610

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-53,661	51,205	118,967	45,825	110,419	92,675	91,658	-120,804	98,078	124,418	41,563	7,792	14,904	187,853
Depreciation	12,876	8,759	19,266	18,295	14,121	10,128	12,568	17,423	11,140	18,228	12,152	10,013	7,281	4,576
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-10,466	-22,694	-8,790	-21,539	-17,960	-18,507	0	-21,063	-29,017	-10,224	-2,232	-4,354	-52,679
Stock	-616	-9,579	12,436	2,099	-3,052	4,993	-53	-1,607	1,088	-2,350	2,881	264	-305	305
Debtors	79,323	38,139	25,057	1,851	-7,912	263,950	-20,127	-30,684	50,060	31,194	-1,395	-51,430	-39,886	149,652
Creditors	13,477	-11,042	-24,651	-64,899	46,484	69,954	-33,168	-174,330	-60,829	154,923	32,209	-25,338	-12,367	131,469
Accruals and Deferred Income	-36,235	17,912	24,322	25,792	-42,033	71,732	13,418	145,128	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,171	973	-2,998	-936	4,224	0	0	0	0	0	0	0	0	0
Cash flow from operations	-143,421	28,781	74,719	11,337	122,640	-42,414	86,149	-100,292	-23,822	239,708	74,214	41,401	45,655	121,262
Investing Activities
capital expenditure	-13,199	-13,685	-3,250	-13,118	-36,169	-3,452	-4,559	-24,847	-2,147	-25,624	-8,116	-12,784	-16,284	-7,478
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,199	-13,685	-3,250	-13,118	-36,169	-3,452	-4,559	-24,847	-2,147	-25,624	-8,116	-12,784	-16,284	-7,478
Financing Activities
Bank loans	0	0	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	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	150
interest	19,484	3,882	472	437	2,946	1,850	877	1,856	2,224	1,743	1,036	795	646	286
cash flow from financing	19,484	3,882	472	437	2,946	1,850	877	1,856	2,224	1,743	1,036	795	646	436
cash and cash equivalents
cash	-137,136	18,977	71,942	-1,344	89,416	-44,016	82,467	-123,283	-23,746	215,827	67,134	29,411	30,017	114,220
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-137,136	18,977	71,942	-1,344	89,416	-44,016	82,467	-123,283	-23,746	215,827	67,134	29,411	30,017	114,220

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPENDA LIMITED group structure

Openda Limited has no subsidiary companies.

Ultimate parent company

OPENDA LIMITED

03301305

OPENDA LIMITED Shareholders

nathan david bell	60.71%
qb systems ltd	21.43%
j.l. bell	17.86%

Openda Limited currently has 2 directors. The longest serving directors include Mrs Jane Bell (Nov 1998) and Mr Nathan Bell (Feb 2000).

officer	country	age	start	end	role
Mrs Jane Bell		75 years	Nov 1998	-	Director
Mr Nathan Bell	United Kingdom	45 years	Feb 2000	-	Director

P&L

March 2023

turnover

1.1m

+29%

operating profit

-53.7k

gross margin

61.4%

+1.39%

turnover

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

Balance Sheet

March 2023

net assets

630k

-0.05%

total assets

892.1k

-0.06%

cash

389.9k

-0.26%

net assets

Total assets minus all liabilities

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company number

03301305

Type

Private limited with Share Capital

industry

63110 - Data processing, hosting and related activities

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

January 1997

ultimate parent company

None

previous names

progress accord limited (June 2004)

address

unit 6 callow park, callow hill brinkworth, chippenham, wiltshire, SN15 5FD

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.

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openda limited Company Information

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openda limited Estimated Valuation

openda limited Estimated Valuation

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