entrust (europe) limited
entrust (europe) limited Company Information
Company Number
03403634
Website
www.entrustdatacard.comRegistered Address
abbey gardens 4 abbey street, reading, RG1 3BA
Industry
Other software publishing
Computer consultancy activities
Telephone
01189533000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
data card international limited 100%
entrust (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of ENTRUST (EUROPE) LIMITED at £10m based on a Turnover of £17.1m and 0.58x industry multiple (adjusted for size and gross margin).
entrust (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of ENTRUST (EUROPE) LIMITED at £8.4m based on an EBITDA of £2.2m and a 3.8x industry multiple (adjusted for size and gross margin).
entrust (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of ENTRUST (EUROPE) LIMITED at £30.7m based on Net Assets of £16.7m and 1.84x industry multiple (adjusted for liquidity).
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Entrust (europe) Limited Overview
Entrust (europe) Limited is a live company located in reading, RG1 3BA with a Companies House number of 03403634. It operates in the other software publishing sector, SIC Code 58290. Founded in July 1997, it's largest shareholder is data card international limited with a 100% stake. Entrust (europe) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.1m with healthy growth in recent years.
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Entrust (europe) Limited Health Check
Pomanda's financial health check has awarded Entrust (Europe) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £17.1m, make it larger than the average company (£3.3m)
£17.1m - Entrust (europe) Limited
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.1%)
6% - Entrust (europe) Limited
5.1% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (59.6%)
17% - Entrust (europe) Limited
59.6% - Industry AVG
Profitability
an operating margin of 5.7% make it as profitable than the average company (5.7%)
5.7% - Entrust (europe) Limited
5.7% - Industry AVG
Employees
with 88 employees, this is above the industry average (23)
88 - Entrust (europe) Limited
23 - Industry AVG
Pay Structure
on an average salary of £106.1k, the company has a higher pay structure (£66.9k)
£106.1k - Entrust (europe) Limited
£66.9k - Industry AVG
Efficiency
resulting in sales per employee of £194.7k, this is more efficient (£139k)
£194.7k - Entrust (europe) Limited
£139k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is earlier than average (60 days)
45 days - Entrust (europe) Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (33 days)
13 days - Entrust (europe) Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (9 days)
0 days - Entrust (europe) Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (17 weeks)
6 weeks - Entrust (europe) Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.9%, this is a similar level of debt than the average (57.5%)
52.9% - Entrust (europe) Limited
57.5% - Industry AVG
ENTRUST (EUROPE) LIMITED financials
Entrust (Europe) Limited's latest turnover from March 2023 is £17.1 million and the company has net assets of £16.7 million. According to their latest financial statements, Entrust (Europe) Limited has 88 employees and maintains cash reserves of £2 million 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,133,000 | 15,400,000 | 13,926,000 | 14,400,000 | 12,475,000 | 4,237,915 | 3,934,194 | 3,876,697 | 2,822,910 | 2,742,640 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 14,219,000 | 13,500,000 | 11,546,000 | 11,012,000 | 10,979,000 | 3,317,105 | 2,979,275 | 3,083,412 | 2,120,005 | 2,204,741 | |||||
| Gross Profit | 2,914,000 | 1,900,000 | 2,380,000 | 3,388,000 | 1,496,000 | 920,810 | 954,919 | 793,285 | 702,905 | 537,899 | |||||
| Admin Expenses | 1,932,000 | 1,335,000 | 1,360,000 | 1,260,000 | 555,000 | 422,789 | 389,776 | 163,524 | 401,419 | 428,253 | |||||
| Operating Profit | 982,000 | 565,000 | 1,020,000 | 2,128,000 | 941,000 | 498,021 | 565,143 | 629,761 | 301,486 | 109,646 | |||||
| Interest Payable | 580,000 | 632,000 | 837,000 | 966,000 | 636,000 | 0 | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | 5,000 | 88,000 | 509,000 | 0 | 0 | 141 | 81 | 23,580 | 104 | 284 | |||||
| Pre-Tax Profit | 3,978,000 | 5,900,000 | 2,526,000 | 1,162,000 | 271,000 | 498,162 | 565,224 | 653,341 | 301,590 | 109,930 | |||||
| Tax | 445,000 | -493,000 | -526,000 | -561,000 | -142,000 | -112,768 | -139,549 | -172,806 | -83,629 | -75,260 | |||||
| Profit After Tax | 4,423,000 | 5,407,000 | 2,000,000 | 601,000 | 129,000 | 385,394 | 425,675 | 480,535 | 217,961 | 34,670 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,390,000 | |||||
| Retained Profit | 4,423,000 | 5,407,000 | 2,000,000 | 601,000 | 129,000 | 385,394 | 425,675 | 480,535 | 217,961 | -3,355,330 | |||||
| Employee Costs | 9,334,000 | 8,237,000 | 7,428,000 | 6,809,000 | 6,457,000 | 1,735,644 | |||||||||
| Number Of Employees | 88 | 81 | 81 | 74 | 75 | 59 | 54 | 49 | 17 | ||||||
| EBITDA* | 2,223,000 | 1,725,000 | 2,125,000 | 3,164,000 | 1,805,000 | 543,615 | 596,597 | 659,705 | 330,588 | 132,420 |
* 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,392,000 | 1,155,000 | 1,425,000 | 1,458,000 | 1,015,000 | 47,512 | 94,702 | 114,892 | 110,674 | 118,712 | 123,650 | 66,208 | 68,555 | 86,871 | 105,172 |
| Intangible Assets | 3,942,000 | 4,647,000 | 5,352,000 | 6,058,000 | 6,763,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 23,334,000 | 23,334,000 | 23,334,000 | 23,334,000 | 23,334,000 | 9,976,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 185,000 | 175,000 | 0 | 0 | 2,750,000 | 2,750,000 | 2,750,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,668,000 | 29,136,000 | 30,296,000 | 31,025,000 | 31,112,000 | 10,024,063 | 2,844,702 | 2,864,892 | 2,860,674 | 118,712 | 123,650 | 66,208 | 68,555 | 86,871 | 105,172 |
| Stock & work in progress | 10,000 | 147,000 | 329,000 | 254,000 | 135,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,126,000 | 3,112,000 | 5,524,000 | 2,982,000 | 2,577,000 | 431,120 | 349,870 | 191,541 | 511,236 | 2,450,608 | 125,585 | 183,784 | 185,049 | 299,170 | 151,809 |
| Group Debtors | 738,000 | 1,020,000 | 0 | 1,889,000 | 1,240,000 | 1,255,348 | 16,423 | 518,809 | 0 | 0 | 2,047,364 | 1,889,479 | 1,349,998 | 620,427 | 340,269 |
| Misc Debtors | 1,815,000 | 1,709,000 | 0 | 1,766,000 | 896,000 | 376,305 | 184,665 | 122,700 | 0 | 0 | 158,811 | 105,981 | 44,587 | 125,117 | 99,227 |
| Cash | 2,028,000 | 1,187,000 | 874,000 | 432,000 | 1,824,000 | 560,779 | 1,172,370 | 350,777 | 770,786 | 447,143 | 262,419 | 141,348 | 638,942 | 189,752 | 375,340 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,717,000 | 7,175,000 | 6,727,000 | 7,323,000 | 6,672,000 | 2,623,552 | 1,723,328 | 1,183,827 | 1,282,022 | 2,897,751 | 2,594,179 | 2,320,592 | 2,218,576 | 1,234,466 | 966,645 |
| total assets | 35,385,000 | 36,311,000 | 37,023,000 | 38,348,000 | 37,784,000 | 12,647,615 | 4,568,030 | 4,048,719 | 4,142,696 | 3,016,463 | 2,717,829 | 2,386,800 | 2,287,131 | 1,321,337 | 1,071,817 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 523,000 | 448,000 | 29,097,000 | 357,000 | 357,000 | 125,550 | 230,831 | 130,890 | 1,252,882 | 674,098 | 101,436 | 35,489 | 46,803 | 114,085 | 103,240 |
| Group/Directors Accounts | 10,856,000 | 14,743,000 | 0 | 27,685,000 | 28,768,000 | 4,490,998 | 84,746 | 42,534 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,664,000 | 7,054,000 | 0 | 4,701,000 | 4,421,000 | 983,972 | 924,758 | 743,615 | 0 | 0 | 511,211 | 637,762 | 934,517 | 368,523 | 347,809 |
| total current liabilities | 17,043,000 | 22,245,000 | 29,097,000 | 32,743,000 | 33,546,000 | 5,600,520 | 1,240,335 | 917,039 | 1,252,882 | 674,098 | 612,647 | 673,251 | 981,320 | 482,608 | 451,049 |
| loans | 0 | 0 | 0 | 0 | 0 | 3,660,006 | 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 | 0 |
| Accruals and Deferred Income | 1,673,000 | 1,820,000 | 1,087,000 | 766,000 | 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 | 17,937 | 31,390 | 31,390 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,379 | 6,683 | 6,239 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,673,000 | 1,820,000 | 1,087,000 | 766,000 | 0 | 3,660,006 | 0 | 0 | 8,379 | 6,683 | 6,239 | 0 | 17,937 | 31,390 | 31,390 |
| total liabilities | 18,716,000 | 24,065,000 | 30,184,000 | 33,509,000 | 33,546,000 | 9,260,526 | 1,240,335 | 917,039 | 1,261,261 | 680,781 | 618,886 | 673,251 | 999,257 | 513,998 | 482,439 |
| net assets | 16,669,000 | 12,246,000 | 6,839,000 | 4,839,000 | 4,238,000 | 3,387,089 | 3,327,695 | 3,131,680 | 2,881,435 | 2,335,682 | 2,098,943 | 1,713,549 | 1,287,874 | 807,339 | 589,378 |
| total shareholders funds | 16,669,000 | 12,246,000 | 6,839,000 | 4,839,000 | 4,238,000 | 3,387,089 | 3,327,695 | 3,131,680 | 2,881,435 | 2,335,682 | 2,098,943 | 1,713,549 | 1,287,874 | 807,339 | 589,378 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 982,000 | 565,000 | 1,020,000 | 2,128,000 | 941,000 | 498,021 | 565,143 | 629,761 | 301,486 | 109,646 | |||||
| Depreciation | 536,000 | 454,000 | 399,000 | 331,000 | 158,000 | 52,337 | 66,260 | 65,326 | 52,575 | 16,160 | 45,594 | 31,454 | 29,944 | 29,102 | 22,774 |
| Amortisation | 705,000 | 706,000 | 706,000 | 705,000 | 706,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 445,000 | -493,000 | -526,000 | -561,000 | -142,000 | -112,768 | -139,549 | -172,806 | -83,629 | -75,260 | |||||
| Stock | -137,000 | -182,000 | 75,000 | 119,000 | 135,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,162,000 | 132,000 | -1,103,000 | 2,099,000 | 2,650,227 | -1,238,185 | -282,092 | 321,814 | 810,628 | 118,848 | 152,516 | 599,610 | 534,920 | 453,409 | 591,305 |
| Creditors | 75,000 | -28,649,000 | 28,740,000 | 0 | 231,450 | -105,281 | 99,941 | -1,121,992 | 578,784 | 572,662 | 65,947 | -11,314 | -67,282 | 10,845 | 103,240 |
| Accruals and Deferred Income | -1,537,000 | 7,787,000 | -4,380,000 | 1,046,000 | 3,437,028 | 59,214 | 181,143 | 743,615 | 0 | -511,211 | -126,551 | -296,755 | 565,994 | 20,714 | 347,809 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,379 | 1,696 | 444 | 6,239 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,505,000 | -19,580,000 | 26,987,000 | 1,431,000 | 2,546,251 | 223,966 | -450,631 | 450,691 | -174,891 | -83,096 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -23,334,000 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 13,357,449 | 9,976,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -36,691,449 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,887,000 | 14,743,000 | -27,685,000 | -1,083,000 | 24,277,002 | 4,406,252 | 42,212 | 42,534 | 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 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -3,660,006 | 3,660,006 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,937 | -13,453 | 0 | 31,390 |
| share issue | |||||||||||||||
| interest | -575,000 | -544,000 | -328,000 | -966,000 | -636,000 | 141 | 81 | 23,580 | 104 | 284 | |||||
| cash flow from financing | -4,462,000 | 14,199,000 | -28,013,000 | -2,049,000 | 20,702,907 | 141 | -17,856 | 10,127 | 104 | 3,976,382 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 841,000 | 313,000 | 442,000 | -1,392,000 | 1,263,221 | -611,591 | 821,593 | -420,009 | 323,643 | 184,724 | 121,071 | -497,594 | 449,190 | -185,588 | 375,340 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 841,000 | 313,000 | 442,000 | -1,392,000 | 1,263,221 | -611,591 | 821,593 | -420,009 | 323,643 | 184,724 | 121,071 | -497,594 | 449,190 | -185,588 | 375,340 |
entrust (europe) limited Credit Report and Business Information
Entrust (europe) Limited Competitor Analysis
Perform a competitor analysis for entrust (europe) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
entrust (europe) limited Ownership
ENTRUST (EUROPE) LIMITED group structure
Entrust (Europe) Limited has 1 subsidiary company.
Ultimate parent company
ENTRUST DATACARD CORP
#0091438
2 parents
ENTRUST (EUROPE) LIMITED
03403634
1 subsidiary
entrust (europe) limited directors
Entrust (Europe) Limited currently has 3 directors. The longest serving directors include Mr Kurt Ishaug (May 2014) and Ms Lisa Tibbits (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kurt Ishaug | England | 57 years | May 2014 | - | Director |
| Ms Lisa Tibbits | United States | 56 years | May 2014 | - | Director |
| Mr Xavier Coemelck | United States | 54 years | Sep 2016 | - | Director |
P&L
March 2023turnover
17.1m
+11%
operating profit
982k
+74%
gross margin
17.1%
+37.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
16.7m
+0.36%
total assets
35.4m
-0.03%
cash
2m
+0.71%
net assets
Total assets minus all liabilities
Similar Companies
entrust (europe) limited company details
company number
03403634
Type
Private limited with Share Capital
industry
58290 - Other software publishing
62020 - Computer consultancy activities
incorporation date
July 1997
age
27
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
entrust technologies (uk) limited (February 2002)
entrust technologies limited (April 1998)
incorporated
UK
address
abbey gardens 4 abbey street, reading, RG1 3BA
last accounts submitted
March 2023
entrust (europe) 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 entrust (europe) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
entrust (europe) limited Companies House Filings - See Documents
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