mri software limited
mri software limited Company Information
Company Number
03341304
Website
www.mrisoftware.comRegistered Address
9 king street, london, EC2V 8EA
Industry
Business and domestic software development
Telephone
02038617100
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mri software llc 100%
mri software limited Estimated Valuation
Pomanda estimates the enterprise value of MRI SOFTWARE LIMITED at £263.2m based on a Turnover of £135m and 1.95x industry multiple (adjusted for size and gross margin).
mri software limited Estimated Valuation
Pomanda estimates the enterprise value of MRI SOFTWARE LIMITED at £340.5m based on an EBITDA of £24.6m and a 13.83x industry multiple (adjusted for size and gross margin).
mri software limited Estimated Valuation
Pomanda estimates the enterprise value of MRI SOFTWARE LIMITED at £204.9m based on Net Assets of £91.8m and 2.23x industry multiple (adjusted for liquidity).
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Mri Software Limited Overview
Mri Software Limited is a live company located in london, EC2V 8EA with a Companies House number of 03341304. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 1997, it's largest shareholder is mri software llc with a 100% stake. Mri Software Limited is a mature, mega sized company, Pomanda has estimated its turnover at £135m with rapid growth in recent years.
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Mri Software Limited Health Check
Pomanda's financial health check has awarded Mri Software Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £135m, make it larger than the average company (£3.7m)
£135m - Mri Software Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (7.6%)
38% - Mri Software Limited
7.6% - Industry AVG
Production
with a gross margin of 87.9%, this company has a lower cost of product (71.8%)
87.9% - Mri Software Limited
71.8% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (3.6%)
2.3% - Mri Software Limited
3.6% - Industry AVG
Employees
with 990 employees, this is above the industry average (33)
990 - Mri Software Limited
33 - Industry AVG
Pay Structure
on an average salary of £66.6k, the company has an equivalent pay structure (£67.5k)
£66.6k - Mri Software Limited
£67.5k - Industry AVG
Efficiency
resulting in sales per employee of £136.4k, this is more efficient (£114.2k)
£136.4k - Mri Software Limited
£114.2k - Industry AVG
Debtor Days
it gets paid by customers after 202 days, this is later than average (60 days)
202 days - Mri Software Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (46 days)
73 days - Mri Software Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mri Software Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (19 weeks)
3 weeks - Mri Software Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.4%, this is a higher level of debt than the average (62.1%)
80.4% - Mri Software Limited
62.1% - Industry AVG
MRI SOFTWARE LIMITED financials
Mri Software Limited's latest turnover from December 2022 is £135 million and the company has net assets of £91.8 million. According to their latest financial statements, Mri Software Limited has 990 employees and maintains cash reserves of £11.2 million 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 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 134,998,000 | 105,221,000 | 76,954,018 | 50,952,302 | 41,177,142 | 13,334,330 | 2,905,363 | 2,392,560 | 2,380,805 | 3,330,306 | 3,186,822 | 6,447,865 | 4,349,599 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 16,274,000 | 13,260,000 | 6,629,414 | 4,100,698 | 2,406,960 | 650,372 | 26,042 | 511,872 | 419,484 | 557,235 | 580,287 | 2,519,982 | 2,410,905 | |
| Gross Profit | 118,724,000 | 91,961,000 | 70,324,604 | 46,851,604 | 38,770,182 | 12,683,958 | 2,879,321 | 1,880,688 | 1,961,321 | 2,773,071 | 2,606,535 | 3,927,883 | 1,938,694 | |
| Admin Expenses | 115,644,000 | 87,352,000 | 67,120,358 | 39,598,375 | 41,158,621 | 13,548,916 | 2,765,082 | 2,734,516 | 2,493,019 | 3,478,422 | 1,860,978 | |||
| Operating Profit | 3,080,000 | 4,609,000 | 3,204,246 | 7,253,229 | -2,388,439 | -864,958 | 114,239 | 38,555 | 113,516 | 449,461 | 77,716 | |||
| Interest Payable | 10,000 | 7,000 | 6,197 | 1,324 | 400,269 | 0 | 0 | 0 | 0 | 1,523 | 1,721 | 0 | 0 | |
| Interest Receivable | 32,000 | 1,000 | 6,678 | 1,161 | 476 | 120 | 0 | 0 | 0 | 0 | 3,241 | 3,768 | 19,315 | |
| Pre-Tax Profit | 3,102,000 | 4,603,000 | 3,204,727 | 7,253,066 | -2,788,232 | -864,838 | 114,239 | 36,835 | 58,701 | 38,555 | 116,757 | 453,229 | 97,031 | |
| Tax | -2,821,000 | -2,147,000 | 301,112 | -2,942,187 | -908,358 | -114,105 | -11,183 | -14,081 | 1,180 | -6,732 | -38,042 | -92,779 | -30,092 | |
| Profit After Tax | 281,000 | 2,456,000 | 3,505,839 | 4,310,879 | -3,696,590 | -978,943 | 103,056 | 22,754 | 59,881 | 31,823 | 78,715 | 360,450 | 66,939 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 281,156 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 281,000 | 2,456,000 | 3,505,839 | 4,310,879 | -3,696,590 | -978,943 | 103,056 | -258,402 | 59,881 | 31,823 | 78,715 | 360,450 | 66,939 | |
| Employee Costs | 65,953,000 | 48,686,000 | 31,594,875 | 20,622,647 | 19,990,589 | 7,809,562 | 1,549,560 | 471,250 | 313,994 | 494,977 | 452,695 | 2,366,169 | 1,874,451 | |
| Number Of Employees | 990 | 829 | 636 | 295 | 279 | 111 | 20 | 14 | 27 | 28 | ||||
| EBITDA* | 24,624,000 | 22,940,000 | 16,853,469 | 15,303,555 | 5,079,830 | 1,063,715 | 119,330 | 39,784 | 121,987 | 462,898 | 87,307 |
* 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 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,637,000 | 4,596,000 | 4,440,115 | 3,120,546 | 2,337,738 | 1,400,820 | 86,544 | 0 | 0 | 0 | 0 | 1,229 | 9,700 | 19,805 |
| Intangible Assets | 335,974,000 | 322,052,000 | 277,633,809 | 123,228,281 | 122,071,368 | 124,063,132 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 163 | 0 | 0 | 0 | 0 | 4,555 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 4,595,396 | 2,810,471 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 342,611,000 | 326,648,000 | 286,669,483 | 129,159,298 | 124,409,106 | 125,463,952 | 86,544 | 4,555 | 0 | 0 | 0 | 1,229 | 9,700 | 19,805 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 75,036,000 | 48,013,000 | 31,260,434 | 20,420,212 | 19,996,078 | 9,381,468 | 345,359 | 469,423 | 429,924 | 405,872 | 832,466 | 461,171 | 679,009 | 789,835 |
| Group Debtors | 27,094,000 | 44,796,000 | 9,963,942 | 3,438,998 | 2,037,455 | 1,604,519 | 489,067 | 157,633 | 0 | 0 | 0 | 219,485 | 223,284 | 5,072 |
| Misc Debtors | 11,533,000 | 9,214,000 | 6,216,642 | 2,435,381 | 1,127,073 | 1,314,745 | 33,979 | 6,293 | 20,354 | 0 | 65,276 | 63,958 | 80,940 | 179,739 |
| Cash | 11,150,000 | 9,623,000 | 11,151,510 | 1,403,112 | 1,893,383 | 1,726,888 | 572,376 | 996,016 | 2,508,123 | 2,717,113 | 2,405,004 | 2,325,214 | 1,669,788 | 2,512,733 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 124,813,000 | 111,646,000 | 58,592,528 | 27,697,703 | 25,053,989 | 14,027,620 | 1,440,781 | 1,629,365 | 2,958,401 | 3,122,985 | 3,302,746 | 3,069,828 | 2,653,021 | 3,487,379 |
| total assets | 467,424,000 | 438,294,000 | 345,262,011 | 156,857,001 | 149,463,095 | 139,491,572 | 1,527,325 | 1,633,920 | 2,958,401 | 3,122,985 | 3,302,746 | 3,071,057 | 2,662,721 | 3,507,184 |
| Bank overdraft | 0 | 14,000 | 13,237 | 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 | 3,269,000 | 2,191,000 | 3,107,953 | 289,528 | 1,099,733 | 934,549 | 28,882 | 64,586 | 7,092 | 2,582,808 | 20,824 | 19,120 | 15,080 | 97,563 |
| Group/Directors Accounts | 69,047,000 | 75,933,000 | 5,073,128 | 3,507,251 | 2,375,957 | 948,317 | 411,706 | 434,753 | 1,502,274 | 0 | 1,886,318 | 1,720,691 | 1,213,408 | 1,271,523 |
| 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 | 99,356,000 | 86,952,000 | 66,036,339 | 29,664,600 | 29,483,755 | 30,849,089 | 624,716 | 792,925 | 848,977 | 0 | 865,171 | 832,636 | 1,014,338 | 1,693,515 |
| total current liabilities | 171,672,000 | 165,090,000 | 74,230,657 | 33,461,379 | 32,959,445 | 32,731,955 | 1,065,304 | 1,292,264 | 2,358,343 | 2,582,808 | 2,772,313 | 2,572,447 | 2,242,826 | 3,062,601 |
| loans | 203,516,000 | 206,229,000 | 210,159,442 | 107,171,983 | 106,480,520 | 94,602,327 | 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 | 422,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 110,540 | 1,700,924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 344,306 | 247,063 | 111,264 | 17,309 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 203,938,000 | 206,229,000 | 210,269,982 | 109,217,213 | 106,727,583 | 94,713,591 | 17,309 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 375,610,000 | 371,319,000 | 284,500,639 | 142,678,592 | 139,687,028 | 127,445,546 | 1,082,613 | 1,292,264 | 2,358,343 | 2,582,808 | 2,772,313 | 2,572,447 | 2,242,826 | 3,062,601 |
| net assets | 91,814,000 | 66,975,000 | 60,761,372 | 14,178,409 | 9,776,067 | 12,046,026 | 444,712 | 341,656 | 600,058 | 540,177 | 530,433 | 498,610 | 419,895 | 444,583 |
| total shareholders funds | 91,814,000 | 66,975,000 | 60,761,372 | 14,178,409 | 9,776,067 | 12,046,026 | 444,712 | 341,656 | 600,058 | 540,177 | 530,433 | 498,610 | 419,895 | 444,583 |
| 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 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,080,000 | 4,609,000 | 3,204,246 | 7,253,229 | -2,388,439 | -864,958 | 114,239 | 38,555 | 113,516 | 449,461 | 77,716 | |||
| Depreciation | 1,877,000 | 1,476,000 | 1,108,793 | 646,308 | 445,383 | 190,378 | 5,091 | 0 | 0 | 0 | 1,229 | 8,471 | 13,437 | 9,591 |
| Amortisation | 19,667,000 | 16,855,000 | 12,540,430 | 7,404,018 | 7,022,886 | 1,738,295 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,821,000 | -2,147,000 | 301,112 | -2,942,187 | -908,358 | -114,105 | -11,183 | -14,081 | 1,180 | -6,732 | -38,042 | -92,779 | -30,092 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,640,000 | 49,986,586 | 22,931,352 | 5,944,456 | 10,859,874 | 11,432,327 | 235,056 | 183,071 | 44,406 | -491,870 | 153,128 | -238,619 | 8,587 | 974,646 |
| Creditors | 1,078,000 | -916,953 | 2,818,425 | -810,205 | 165,184 | 905,667 | -35,704 | 57,494 | -2,575,716 | 2,561,984 | 1,704 | 4,040 | -82,483 | 97,563 |
| Accruals and Deferred Income | 12,826,000 | 20,915,661 | 36,371,739 | 180,845 | -1,365,334 | 30,224,373 | -168,209 | -56,052 | 848,977 | -865,171 | 32,535 | -181,702 | -679,177 | 1,693,515 |
| Deferred Taxes & Provisions | 0 | 0 | -344,306 | 97,243 | 135,799 | 93,955 | 17,309 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 24,067,000 | -9,194,878 | 33,069,087 | 5,884,795 | -7,752,753 | 20,741,278 | -313,513 | -85,837 | 144,902 | -400,128 | 873,647 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -6,143,886 | -107,748,023 | -91,635 | |||||||
| Change in Investments | 0 | -163 | 163 | 0 | 0 | 0 | -4,555 | 4,555 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 163 | -163 | 0 | -6,143,886 | -107,748,023 | -87,080 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,886,000 | 70,859,872 | 1,565,877 | 1,131,294 | 1,427,640 | 536,611 | -23,047 | -1,067,521 | 1,502,274 | -1,886,318 | 165,627 | 507,283 | -58,115 | 1,271,523 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,713,000 | -3,930,442 | 102,987,459 | 691,463 | 11,878,193 | 94,602,327 | 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 | -110,540 | -1,590,384 | 1,700,924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 22,000 | -6,000 | 481 | -163 | -399,793 | 120 | 0 | 0 | 0 | -1,523 | 1,520 | 3,768 | 19,315 | |
| cash flow from financing | 14,981,000 | 70,570,518 | 146,040,557 | 3,614,981 | 14,332,671 | 107,719,315 | -23,047 | -1,067,521 | 1,502,274 | 164,104 | 508,803 | -439,485 | 1,668,482 | |
| cash and cash equivalents | ||||||||||||||
| cash | 1,527,000 | -1,528,510 | 9,748,398 | -490,271 | 166,495 | 1,154,512 | -423,640 | -1,512,107 | -208,990 | 312,109 | 79,790 | 655,426 | -842,945 | 2,512,733 |
| overdraft | -14,000 | 763 | 13,237 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,541,000 | -1,529,273 | 9,735,161 | -490,271 | 166,495 | 1,154,512 | -423,640 | -1,512,107 | -208,990 | 312,109 | 79,790 | 655,426 | -842,945 | 2,512,733 |
mri software limited Credit Report and Business Information
Mri Software Limited Competitor Analysis
Perform a competitor analysis for mri software limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mri software limited Ownership
MRI SOFTWARE LIMITED group structure
Mri Software Limited has 13 subsidiary companies.
Ultimate parent company
MRI INTERMEDIATE HOLDINGS LLC
#0084176
MRI SOFTWARE LLC
#0035978
2 parents
MRI SOFTWARE LIMITED
03341304
13 subsidiaries
mri software limited directors
Mri Software Limited currently has 2 directors. The longest serving directors include Mr Patrick Ghilani (Jun 2014) and Mr Roman Telerman (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Ghilani | England | 53 years | Jun 2014 | - | Director |
| Mr Roman Telerman | England | 38 years | Mar 2017 | - | Director |
P&L
December 2022turnover
135m
+28%
operating profit
3.1m
-33%
gross margin
88%
+0.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
91.8m
+0.37%
total assets
467.4m
+0.07%
cash
11.2m
+0.16%
net assets
Total assets minus all liabilities
Similar Companies
mri software limited company details
company number
03341304
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
March 1997
age
27
accounts
Group
ultimate parent company
previous names
intuit real estate solutions limited (January 2010)
management reports international limited (September 2003)
incorporated
UK
address
9 king street, london, EC2V 8EA
last accounts submitted
December 2022
mri software 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 1 charges/mortgages relating to mri software limited. Currently there are 0 open charges and 1 have been satisfied in the past.
mri software limited Companies House Filings - See Documents
| date | description | view/download |
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