Open Reality Limited

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open reality limited Company Information

Live

MatureMidHealthy

Company Number

03818340

Next Accounts

Dec 2025

Industry

Other information technology and computer service activities

Directors

John Parker

Paul Forkgen

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Shareholders

hybrit services limited

Group Structure

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Contact

Registered Address

10 hitching court, abingdon business park, abingdon, oxfordshire, OX14 1RG

Website

www.openreality.co.uk

open reality limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of OPEN REALITY LIMITED at £9.2m based on a Turnover of £13.4m and 0.69x industry multiple (adjusted for size and gross margin).

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Open Reality Limited is a live company located in abingdon, OX14 1RG with a Companies House number of 03818340. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 1999, it's largest shareholder is hybrit services limited with a 100% stake. Open Reality Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Open Reality Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £13.4m, make it larger than the average company (£7.4m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (9.1%)

EXPORT

Open Reality Limited's latest turnover from March 2024 is £13.4 million and the company has net assets of £2.7 million. According to their latest financial statements, Open Reality Limited has 19 employees and maintains cash reserves of £144.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	13,380,843	11,973,317	9,575,159	9,494,934	9,065,370	8,809,011	7,354,944	7,872,379	7,057,690	8,030,905	7,414,149	8,290,693	5,839,372	5,610,942	4,835,569
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,357,157	8,997,645	4,699,910	4,694,423	4,476,181	4,234,850	3,466,845	3,676,046	3,311,546	3,735,387	3,356,645	3,817,353	2,688,951	2,516,412	2,164,588
Gross Profit	3,023,686	2,975,672	4,875,250	4,800,510	4,589,189	4,574,161	3,888,099	4,196,333	3,746,144	4,295,518	4,057,503	4,473,340	3,150,421	3,094,531	2,670,982
Admin Expenses	2,729,408	2,104,375	4,223,105	4,416,943	4,983,153	4,264,872	3,753,306	4,018,986	3,632,525	4,128,729	3,955,822	4,248,120	3,023,262	3,090,803	2,382,754
Operating Profit	294,278	871,297	652,145	383,567	-393,964	309,289	134,793	177,347	113,619	166,789	101,681	225,220	127,159	3,728	288,228
Interest Payable	0	34	487	987	776	481	622	841	567	0	0	0	0	0	0
Interest Receivable	9,268	22,542	10,304	681	614	5,079	3,139	1,785	4,404	4,219	2,766	2,670	1,776	1,426	1,015
Pre-Tax Profit	491,046	893,805	661,962	383,262	-394,126	313,886	137,310	178,291	117,456	171,008	104,447	227,889	128,935	5,154	289,243
Tax	-42,591	-171,402	-125,773	-72,820	0	-59,638	-26,089	-35,658	-23,491	-35,912	-24,023	-54,693	-33,523	-1,443	-80,988
Profit After Tax	448,455	722,403	536,189	310,442	-394,126	254,248	111,221	142,633	93,965	135,096	80,424	173,196	95,412	3,711	208,255
Dividends Paid	187,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	260,955	722,403	536,189	310,442	-394,126	254,248	111,221	142,633	93,965	135,096	80,424	173,196	95,412	3,711	208,255
Employee Costs	1,618,653	1,798,780	1,453,371	1,374,214	1,305,437	1,318,183	1,259,255	1,212,706	1,117,587	2,881,947	2,595,733	2,843,091	2,054,645	1,987,013	1,732,513
Number Of Employees	19	22	22	22	22	22	22	22	21	54	50	57	41	41	36
EBITDA*	301,454	879,933	662,912	397,009	-379,917	320,800	149,844	193,955	128,000	188,465	127,674	245,635	146,655	28,755	312,473

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	17,252	19,872	25,436	31,924	46,623	28,532	35,297	48,041	30,589	37,948	53,915	50,387	33,396	51,431	47,918
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750	6,750
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	24,002	26,622	32,186	38,674	53,373	35,282	42,047	54,791	37,339	44,698	60,665	57,137	40,146	58,181	54,668
Stock & work in progress	112,893	90,720	142,290	102,694	49,933	40,380	35,883	47,857	72,844	68,904	36,866	60,056	248,813	15,018	54,937
Trade Debtors	892,792	1,904,801	2,301,274	2,269,042	2,330,772	2,295,922	1,946,038	1,913,633	1,609,725	1,348,516	1,319,785	1,408,430	875,460	987,052	807,846
Group Debtors	2,847,650	2,215,000	0	0	0	0	55,600	0	204,620	0	0	0	0	0	0
Misc Debtors	145,398	59,665	0	19,528	50,527	69,535	46,920	50,214	34,132	0	0	0	0	0	0
Cash	144,197	905,289	1,745,905	1,001,743	360,354	868,403	485,951	769,616	658,623	1,103,124	584,470	521,744	546,091	164,406	406,164
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,142,930	5,175,475	4,189,469	3,393,007	2,791,586	3,274,240	2,570,392	2,781,320	2,579,944	2,520,544	1,941,121	1,990,230	1,670,364	1,166,476	1,268,947
total assets	4,166,932	5,202,097	4,221,655	3,431,681	2,844,959	3,309,522	2,612,439	2,836,111	2,617,283	2,565,242	2,001,786	2,047,367	1,710,510	1,224,657	1,323,615
Bank overdraft	0	0	2,949	8,522	9,410	3,190	5,126	7,354	7,989	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	868,730	1,760,340	1,502,555	1,553,847	1,184,968	1,305,006	1,050,342	1,307,980	1,471,242	1,858,901	1,430,403	1,557,086	1,394,128	992,390	1,102,308
Group/Directors Accounts	0	135,687	349,708	59,154	71,969	218,911	0	116,976	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	559,473	827,361	610,241	586,051	653,737	477,075	501,563	459,851	332,695	0	0	0	0	0	0
total current liabilities	1,428,203	2,723,388	2,465,453	2,207,574	1,920,084	2,004,182	1,557,031	1,892,161	1,811,926	1,858,901	1,430,403	1,557,086	1,394,128	992,390	1,102,308
loans	0	0	0	2,949	11,472	1,378	4,567	2,101	9,455	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	0	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	3,233	0	0	3,507	10,740	7,313
provisions	3,605	4,540	4,436	5,581	8,268	4,701	5,828	8,057	4,743	5,914	9,285	8,607	4,397	8,461	4,639
total long term liabilities	3,605	4,540	4,436	8,530	19,740	6,079	10,395	10,158	14,198	9,147	9,285	8,607	7,904	19,201	11,952
total liabilities	1,431,808	2,727,928	2,469,889	2,216,104	1,939,824	2,010,261	1,567,426	1,902,319	1,826,124	1,868,048	1,439,688	1,565,693	1,402,032	1,011,591	1,114,260
net assets	2,735,124	2,474,169	1,751,766	1,215,577	905,135	1,299,261	1,045,013	933,792	791,159	697,194	562,098	481,674	308,478	213,066	209,355
total shareholders funds	2,735,124	2,474,169	1,751,766	1,215,577	905,135	1,299,261	1,045,013	933,792	791,159	697,194	562,098	481,674	308,478	213,066	209,355

	Mar 2024	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	294,278	871,297	652,145	383,567	-393,964	309,289	134,793	177,347	113,619	166,789	101,681	225,220	127,159	3,728	288,228
Depreciation	7,176	8,636	10,767	13,442	14,047	11,511	15,051	16,608	14,381	21,676	25,993	20,415	19,496	25,027	24,245
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-42,591	-171,402	-125,773	-72,820	0	-59,638	-26,089	-35,658	-23,491	-35,912	-24,023	-54,693	-33,523	-1,443	-80,988
Stock	22,173	-51,570	39,596	52,761	9,553	4,497	-11,974	-24,987	3,940	32,038	-23,190	-188,757	233,795	-39,919	54,937
Debtors	-293,626	1,878,192	12,704	-92,729	15,842	316,899	84,711	115,370	499,961	28,731	-88,645	532,970	-111,592	179,206	807,846
Creditors	-891,610	257,785	-51,292	368,879	-120,038	254,664	-257,638	-163,262	-387,659	428,498	-126,683	162,958	401,738	-109,918	1,102,308
Accruals and Deferred Income	-267,888	217,120	24,190	-67,686	176,662	-24,488	41,712	127,156	332,695	0	0	0	0	0	0
Deferred Taxes & Provisions	-935	104	-1,145	-2,687	3,567	-1,127	-2,229	3,314	-1,171	-3,371	678	4,210	-4,064	3,822	4,639
Cash flow from operations	-630,117	-643,082	456,592	662,663	-345,121	168,815	-167,137	35,122	-455,527	516,911	89,481	13,897	388,603	-218,071	475,649
Investing Activities
capital expenditure	-4,556	-3,072	-4,279	1,257	-32,138	-4,746	-2,307	-34,060	-7,022	-5,709	-29,521	-37,406	-1,461	-28,540	-72,163
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,750
cash flow from investments	-4,556	-3,072	-4,279	1,257	-32,138	-4,746	-2,307	-34,060	-7,022	-5,709	-29,521	-37,406	-1,461	-28,540	-78,913
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-135,687	-214,021	290,554	-12,815	-146,942	218,911	-116,976	116,976	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	-2,949	-8,523	10,094	-3,189	2,466	-7,354	9,455	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	-3,233	3,233	0	-3,507	-7,233	3,427	7,313
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,100
interest	9,268	22,508	9,817	-306	-162	4,598	2,517	944	3,837	4,219	2,766	2,670	1,776	1,426	1,015
cash flow from financing	-126,419	-191,513	297,422	-21,644	-137,010	220,320	-111,993	110,566	10,059	7,452	2,766	-837	-5,457	4,853	9,428
cash and cash equivalents
cash	-761,092	-840,616	744,162	641,389	-508,049	382,452	-283,665	110,993	-444,501	518,654	62,726	-24,347	381,685	-241,758	406,164
overdraft	0	-2,949	-5,573	-888	6,220	-1,936	-2,228	-635	7,989	0	0	0	0	0	0
change in cash	-761,092	-837,667	749,735	642,277	-514,269	384,388	-281,437	111,628	-452,490	518,654	62,726	-24,347	381,685	-241,758	406,164

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPEN REALITY LIMITED group structure

Open Reality Limited has 1 subsidiary company.

Ultimate parent company

HYBRIT SERVICES LTD

10479291

1 parent

OPEN REALITY LIMITED

03818340

1 subsidiary

BRIGHTCLOUD TECHNOLOGIES LIMITED

03925012

OPEN REALITY LIMITED Shareholders

hybrit services limited

100%

Open Reality Limited currently has 3 directors. The longest serving directors include Mr John Parker (Mar 2023) and Mr Paul Forkgen (Mar 2023).

officer	country	age	start	end	role
Mr John Parker	United Kingdom	56 years	Mar 2023	-	Director
Mr Paul Forkgen	England	47 years	Mar 2023	-	Director
Mr Jonathan Mallard	England	50 years	Mar 2024	-	Director

P&L

March 2024

turnover

13.4m

+12%

operating profit

294.3k

-66%

gross margin

22.6%

-9.08%

turnover

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

Balance Sheet

March 2024

net assets

2.7m

+0.11%

total assets

4.2m

-0.2%

cash

144.2k

-0.84%

net assets

Total assets minus all liabilities

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company number

03818340

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

August 1999

ultimate parent company

HYBRIT SERVICES LTD

previous names

N/A

address

10 hitching court, abingdon business park, abingdon, oxfordshire, OX14 1RG

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We found 2 charges/mortgages relating to open reality limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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open reality limited Company Information

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open reality limited Estimated Valuation

open reality limited Estimated Valuation

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