Brightcloud Technologies Limited

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brightcloud technologies limited Company Information

Live

MatureSmallRapid

Company Number

03925012

Website

http://bright-cloud.net

Registered Address

building 3 royal ordnance depot, weedon bec, northamptonshire, NN7 4PS

Industry

Computer consultancy activities

Computer facilities management activities

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Telephone

03707709722

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Forkgen1 Years

John Parker1 Years

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Shareholders

open reality ltd 75%

andrew richard grover 20%

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brightcloud technologies limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of BRIGHTCLOUD TECHNOLOGIES LIMITED at £2.5m based on Net Assets of £1.1m and 2.17x industry multiple (adjusted for liquidity).

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Brightcloud Technologies Limited is a live company located in northamptonshire, NN7 4PS with a Companies House number of 03925012. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2000, it's largest shareholder is open reality ltd with a 75% stake. Brightcloud Technologies Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Brightcloud Technologies 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

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.5m, make it in line with the average company (£2.9m)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (6.5%)

EXPORT

Brightcloud Technologies Limited's latest turnover from March 2023 is estimated at £3.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Brightcloud Technologies Limited has 25 employees and maintains cash reserves of £144.9 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	3,457,990	2,178,874	1,181,432	1,048,691	946,276	946,219	974,932	2,082,168	1,537,289	1,440,537	2,007,385	1,579,982	1,724,710	679,719
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,535,976	1,584,142	869,921	763,973	691,992	677,870	691,226	1,505,666	1,128,176	1,039,335	1,411,428	1,089,701	1,171,276	444,714
Gross Profit	922,014	594,732	311,511	284,718	254,284	268,349	283,706	576,502	409,112	401,201	595,956	490,282	553,433	235,005
Admin Expenses	553,509	287,327	116,895	318,217	291,818	269,989	279,935	578,177	380,055	157,668	512,037	374,829	433,011	219,485
Operating Profit	368,505	307,405	194,616	-33,499	-37,534	-1,640	3,771	-1,675	29,057	243,533	83,919	115,453	120,422	15,520
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,681	6,915	598	405	3,504	2,321	860	2,187	2,896	2,365	1,939	1,578	562	133
Pre-Tax Profit	395,186	314,320	195,214	-33,094	-34,030	681	4,631	513	31,953	245,897	85,858	117,031	120,985	15,653
Tax	-75,085	-59,721	-37,091	0	0	-129	-926	-102	-6,710	-56,556	-20,606	-30,428	-33,876	-4,383
Profit After Tax	320,101	254,599	158,123	-33,094	-34,030	552	3,705	410	25,243	189,341	65,252	86,603	87,109	11,270
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	320,101	254,599	158,123	-33,094	-34,030	552	3,705	410	25,243	189,341	65,252	86,603	87,109	11,270
Employee Costs	1,416,464	1,413,005	1,327,013	1,229,169	1,287,637	1,284,758	1,188,686	472,244	364,637	342,500	413,567	324,565	366,478	173,309
Number Of Employees	25	26	26	25	25	25	23	9	7	7	9	7	8	4
EBITDA*	450,047	362,893	231,163	22,363	25,000	82,978	64,969	29,733	59,142	267,353	117,720	144,146	150,329	52,637

* 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	160,378	120,220	106,552	82,860	131,045	143,009	163,559	58,447	53,554	36,852	41,283	38,592	20,973	26,459
Intangible Assets	0	0	0	0	0	12,859	30,004	47,149	0	0	0	12,067	24,115	36,163
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	160,378	120,220	106,552	82,860	131,045	155,868	193,563	105,596	53,554	36,852	41,283	50,659	45,088	62,622
Stock & work in progress	4,598	0	0	0	0	0	0	282	0	585	0	0	0	0
Trade Debtors	1,596,039	774,260	314,231	254,882	171,575	189,237	207,645	662,562	377,704	355,007	504,320	359,035	426,844	156,997
Group Debtors	0	0	59,154	71,969	218,911	0	116,976	0	0	0	0	0	0	0
Misc Debtors	0	0	135,582	158,212	121,572	130,339	126,977	114,751	0	0	0	0	0	0
Cash	144,921	1,110,676	733,377	462,377	347,940	586,460	342,133	346,256	528,708	629,565	316,355	459,267	171,931	53,018
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,745,558	1,884,936	1,242,344	947,440	859,998	906,036	793,731	1,123,851	906,412	985,157	820,675	818,302	598,775	210,015
total assets	1,905,936	2,005,156	1,348,896	1,030,300	991,043	1,061,904	987,294	1,229,447	959,966	1,022,009	861,958	868,961	643,863	272,637
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	236,900	467,196	59,146	70,213	52,858	69,411	76,795	90,779	487,071	577,578	595,289	665,402	521,575	248,327
Group/Directors Accounts	0	0	0	0	0	55,600	0	204,620	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	501,395	707,107	717,667	552,548	490,738	456,474	431,560	459,272	0	0	0	0	0	0
total current liabilities	738,295	1,174,303	776,813	622,761	543,596	581,485	508,355	754,671	487,071	577,578	595,289	665,402	521,575	248,327
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	819	12,266	14,011	23,680	12,940
provisions	32,357	15,670	11,499	5,078	11,892	10,834	9,906	9,448	7,977	3,937	4,069	4,466	129	0
total long term liabilities	32,357	15,670	11,499	5,078	11,892	10,834	9,906	9,448	7,977	4,756	16,335	18,477	23,809	12,940
total liabilities	770,652	1,189,973	788,312	627,839	555,488	592,319	518,261	764,119	495,048	582,334	611,624	683,879	545,384	261,267
net assets	1,135,284	815,183	560,584	402,461	435,555	469,585	469,033	465,328	464,918	439,675	250,334	185,082	98,479	11,370
total shareholders funds	1,135,284	815,183	560,584	402,461	435,555	469,585	469,033	465,328	464,918	439,675	250,334	185,082	98,479	11,370

	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	368,505	307,405	194,616	-33,499	-37,534	-1,640	3,771	-1,675	29,057	243,533	83,919	115,453	120,422	15,520
Depreciation	81,542	55,488	36,547	55,862	62,534	67,473	44,053	27,122	30,085	23,820	21,734	16,645	17,859	25,069
Amortisation	0	0	0	0	0	17,145	17,145	4,286	0	0	12,067	12,048	12,048	12,048
Tax	-75,085	-59,721	-37,091	0	0	-129	-926	-102	-6,710	-56,556	-20,606	-30,428	-33,876	-4,383
Stock	4,598	0	0	0	0	0	-282	282	-585	585	0	0	0	0
Debtors	821,779	265,293	23,904	-26,995	192,482	-132,022	-325,715	399,609	22,697	-149,313	145,285	-67,809	269,847	156,997
Creditors	-230,296	408,050	-11,067	17,355	-16,553	-7,384	-13,984	-396,292	-90,507	-17,711	-70,113	143,827	273,248	248,327
Accruals and Deferred Income	-205,712	-10,560	165,119	61,810	34,264	24,914	-27,712	459,272	0	0	0	0	0	0
Deferred Taxes & Provisions	16,687	4,171	6,421	-6,814	1,058	928	458	1,471	4,040	-132	-397	4,337	129	0
Cash flow from operations	-870,736	439,540	330,641	121,709	-148,713	233,329	348,802	-305,809	-56,147	341,682	-118,681	329,691	119,983	139,584
Investing Activities
capital expenditure	-121,700	-69,156	-60,239	-7,677	-37,711	-46,923	-149,165	-83,450	-46,787	-19,389	-24,425	-34,264	-12,373	-99,739
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-121,700	-69,156	-60,239	-7,677	-37,711	-46,923	-149,165	-83,450	-46,787	-19,389	-24,425	-34,264	-12,373	-99,739
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	-55,600	55,600	-204,620	204,620	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	-819	-11,447	-1,745	-9,669	10,740	12,940
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	26,681	6,915	598	405	3,504	2,321	860	2,187	2,896	2,365	1,939	1,578	562	133
cash flow from financing	26,681	6,915	598	405	-52,096	57,921	-203,760	206,807	2,077	-9,082	194	-8,091	11,302	13,173
cash and cash equivalents
cash	-965,755	377,299	271,000	114,437	-238,520	244,327	-4,123	-182,452	-100,857	313,210	-142,912	287,336	118,913	53,018
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-965,755	377,299	271,000	114,437	-238,520	244,327	-4,123	-182,452	-100,857	313,210	-142,912	287,336	118,913	53,018

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRIGHTCLOUD TECHNOLOGIES LIMITED group structure

Brightcloud Technologies Limited has no subsidiary companies.

Ultimate parent company

HYBRIT SERVICES LTD

10479291

OPEN REALITY LIMITED

03818340

2 parents

BRIGHTCLOUD TECHNOLOGIES LIMITED

03925012

BRIGHTCLOUD TECHNOLOGIES LIMITED Shareholders

open reality ltd	75%
andrew richard grover	20%
duncan andrew little	5%

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

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

P&L

March 2023

turnover

3.5m

+59%

operating profit

368.5k

gross margin

26.7%

-2.32%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.39%

total assets

1.9m

-0.05%

cash

144.9k

-0.87%

net assets

Total assets minus all liabilities

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company number

03925012

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

62020 - Computer consultancy activities

62030 - Computer facilities management activities

incorporation date

February 2000

ultimate parent company

HYBRIT SERVICES LTD

previous names

services for business limited (January 2010)

loptake limited (September 2000)

address

building 3 royal ordnance depot, weedon bec, northamptonshire, NN7 4PS

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 brightcloud technologies limited. Currently there are 1 open charges and 0 have been satisfied in the past.

brightcloud technologies limited Company Information

brightcloud technologies limited Estimated Valuation

brightcloud technologies limited Estimated Valuation

brightcloud technologies limited Estimated Valuation

Brightcloud Technologies Limited Overview

Brightcloud Technologies Limited Health Check

BRIGHTCLOUD TECHNOLOGIES LIMITED financials

brightcloud technologies limited Credit Report and Business Information

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