Future Platforms Limited

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future platforms limited Company Information

Live

MatureSmallHealthy

Company Number

04056500

Website

www.futureplatforms.com

Registered Address

167-169 great portland street, 5th floor, london, W1W 5PF

Industry

Computer consultancy activities

Telephone

02072214529

Next Accounts Due

September 2025

Group Structure

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Directors

Richard Davies13 Years

Shareholders

vexed ltd 100%

future platforms limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of FUTURE PLATFORMS LIMITED at £7.2m based on an EBITDA of £1.3m and a 5.35x industry multiple (adjusted for size and gross margin).

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Future Platforms Limited is a live company located in london, W1W 5PF with a Companies House number of 04056500. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 2000, it's largest shareholder is vexed ltd with a 100% stake. Future Platforms Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Future Platforms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £3.2m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.9%)

EXPORT

Future Platforms Limited's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £2.8 million. According to their latest financial statements, Future Platforms Limited has 32 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Dec 2010	Dec 2009
Turnover	3,174,818	4,575,535	2,994,610	2,781,373	3,017,953	4,953,456	4,615,936	3,543,694	3,733,643	2,899,569	788,159	501,225	829,551	375,860	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,729,684	2,458,768	1,602,942	1,435,737	1,521,773	2,402,566	2,082,447	1,546,824	1,651,449	1,094,513	289,809	176,277	308,997	153,407	0
Gross Profit	1,445,135	2,116,767	1,391,668	1,345,636	1,496,180	2,550,890	2,533,489	1,996,870	2,082,194	1,805,056	498,350	324,948	520,554	222,453	0
Admin Expenses	146,464	3,654,330	819,847	577,213	1,124,356	1,778,469	2,087,162	1,197,316	1,861,450	1,716,343	550,645	383,595	518,523	242,362	-69,912
Operating Profit	1,298,671	-1,537,563	571,821	768,423	371,824	772,421	446,327	799,554	220,744	88,713	-52,295	-58,647	2,031	-19,909	69,912
Interest Payable	3,300	3,800	2,969	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	114,597	44,739	5,489	2,417	12,301	6,894	2,408	972	480	196	188	187	252	192	127
Pre-Tax Profit	1,409,968	-1,496,624	574,341	769,315	384,125	779,315	448,735	800,526	221,224	88,909	-52,107	-58,460	2,282	-19,717	70,039
Tax	-352,492	0	-109,125	-146,170	-72,984	-148,070	-85,260	-160,105	-44,245	-18,671	0	0	-593	0	-19,611
Profit After Tax	1,057,476	-1,496,624	465,216	623,145	311,141	631,245	363,475	640,421	176,979	70,238	-52,107	-58,460	1,689	-19,717	50,428
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,057,476	-1,496,624	465,216	623,145	311,141	631,245	363,475	640,421	176,979	70,238	-52,107	-58,460	1,689	-19,717	50,428
Employee Costs	1,918,922	2,264,690	2,578,505	1,734,210	1,469,152	1,568,974	1,387,250	1,652,773	1,585,904	1,266,540	380,953	216,841	375,376	211,733	0
Number Of Employees	32	40	48	35	28	27	26	28	27	22	7	4	7	4	0
EBITDA*	1,341,177	-1,500,351	623,350	799,033	398,895	792,209	462,784	812,949	226,744	92,371	-48,233	-52,924	11,130	-533	75,663

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Dec 2010	Dec 2009
Tangible Assets	37,975	72,992	94,966	50,971	49,189	46,103	22,782	22,914	18,945	4,862	528	4,296	7,527	14,425	17,255
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	10,001	35,001	35,001	35,001	35,001	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	0
Total Fixed Assets	37,975	72,992	104,967	85,972	84,190	81,104	57,783	22,914	18,945	4,862	528	4,296	7,527	14,425	17,255
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	540,536	995,277	383,556	527,311	673,444	1,118,745	1,219,403	624,903	593,210	465,327	97,257	72,539	114,845	57,521	50,334
Group Debtors	0	0	1,662,162	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,531	316,413	521,608	216,789	226,463	0	0	0	0	0	18,792	0	0	0	0
Cash	3,399,998	1,183,873	1,372,635	3,018,400	1,815,575	1,464,587	373,737	589,452	188,480	3,412	75,121	0	74,736	25,900	50,765
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,994,065	2,495,563	3,939,961	3,762,500	2,715,482	2,583,332	1,593,140	1,214,355	781,690	468,739	191,170	72,539	189,581	83,421	101,099
total assets	4,032,040	2,568,555	4,044,928	3,848,472	2,799,672	2,664,436	1,650,923	1,237,269	800,635	473,601	191,698	76,835	197,108	97,846	118,354
Bank overdraft	10,000	10,000	10,000	5,833	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	149,569	101,165	89,696	62,265	115,121	851,097	472,877	422,509	630,585	480,530	268,865	101,895	163,708	65,238	64,846
Group/Directors Accounts	87,838	87,988	0	100,987	114,939	0	0	0	0	0	0	0	0	897	2,080
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	996,308	622,012	691,218	886,165	444,064	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,243,715	821,165	790,914	1,055,250	674,124	851,097	472,877	422,509	630,585	480,530	268,865	101,895	163,708	66,135	66,926
loans	15,000	25,000	35,000	44,167	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
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	0	0	0	0	0	0
provisions	7,780	14,321	14,321	9,578	9,216	8,148	4,100	4,289	0	0	0	0	0	0	0
total long term liabilities	22,780	39,321	49,321	53,745	9,216	8,148	4,100	4,289	0	0	0	0	0	0	0
total liabilities	1,266,495	860,486	840,235	1,108,995	683,340	859,245	476,977	426,798	630,585	480,530	268,865	101,895	163,708	66,135	66,926
net assets	2,765,545	1,708,069	3,204,693	2,739,477	2,116,332	1,805,191	1,173,946	810,471	170,050	-6,929	-77,167	-25,060	33,400	31,711	51,428
total shareholders funds	2,765,545	1,708,069	3,204,693	2,739,477	2,116,332	1,805,191	1,173,946	810,471	170,050	-6,929	-77,167	-25,060	33,400	31,711	51,428

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,298,671	-1,537,563	571,821	768,423	371,824	772,421	446,327	799,554	220,744	88,713	-52,295	-58,647	2,031	-19,909	69,912
Depreciation	42,506	37,212	51,529	30,610	27,071	19,788	16,457	13,395	6,000	3,658	4,062	5,723	9,099	19,376	5,751
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-352,492	0	-109,125	-146,170	-72,984	-148,070	-85,260	-160,105	-44,245	-18,671	0	0	-593	0	-19,611
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-717,623	-1,255,636	1,823,226	-155,807	-218,838	-100,658	594,500	31,693	127,883	349,278	43,510	-42,306	57,324	7,187	50,334
Creditors	48,404	11,469	27,431	-52,856	-735,976	378,220	50,368	-208,076	150,055	211,665	166,970	-61,813	98,470	392	64,846
Accruals and Deferred Income	374,296	-69,206	-194,947	442,101	444,064	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-6,541	0	4,743	362	1,068	4,048	-189	4,289	0	0	0	0	0	0	0
Cash flow from operations	2,122,467	-302,452	-1,471,774	1,198,277	253,905	1,127,065	-166,797	417,364	204,671	-63,913	75,227	-72,431	51,683	-7,328	70,564
Investing Activities
capital expenditure	-7,489	-15,238	-95,524	-32,392	-30,157	-43,109	-16,325	-17,364	-20,083	-7,992	-294	-2,492	-2,201	-16,546	-23,006
Change in Investments	0	-10,001	-25,000	0	0	0	35,001	0	0	0	0	0	0	0	0
cash flow from investments	-7,489	-5,237	-70,524	-32,392	-30,157	-43,109	-51,326	-17,364	-20,083	-7,992	-294	-2,492	-2,201	-16,546	-23,006
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-150	87,988	-100,987	-13,952	114,939	0	0	0	0	0	0	0	-897	-1,183	2,080
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	-9,167	44,167	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	0
other long term liabilities	0	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	0	1,000
interest	111,297	40,939	2,520	892	12,301	6,894	2,408	972	480	196	188	187	252	192	127
cash flow from financing	101,147	118,927	-107,634	31,107	127,240	6,894	2,408	972	480	196	188	187	-645	-991	3,207
cash and cash equivalents
cash	2,216,125	-188,762	-1,645,765	1,202,825	350,988	1,090,850	-215,715	400,972	185,068	-71,709	75,121	-74,736	48,836	-24,865	50,765
overdraft	0	0	4,167	5,833	0	0	0	0	0	0	0	0	0	0	0
change in cash	2,216,125	-188,762	-1,649,932	1,196,992	350,988	1,090,850	-215,715	400,972	185,068	-71,709	75,121	-74,736	48,836	-24,865	50,765

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FUTURE PLATFORMS LIMITED group structure

Future Platforms Limited has no subsidiary companies.

Ultimate parent company

VEXED LIMITED

04458818

1 parent

FUTURE PLATFORMS LIMITED

04056500

FUTURE PLATFORMS LIMITED Shareholders

vexed ltd

100%

Future Platforms Limited currently has 1 director, Mr Richard Davies serving since Oct 2011.

officer	country	age	start	end	role
Mr Richard Davies	United Kingdom	60 years	Oct 2011	-	Director

P&L

December 2023

turnover

3.2m

-31%

operating profit

1.3m

gross margin

45.6%

-1.61%

turnover

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

Balance Sheet

December 2023

net assets

2.8m

+0.62%

total assets

+0.57%

cash

3.4m

+1.87%

net assets

Total assets minus all liabilities

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company number

04056500

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

August 2000

ultimate parent company

VEXED LIMITED

previous names

N/A

address

167-169 great portland street, 5th floor, london, W1W 5PF

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future platforms limited Company Information

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future platforms limited Estimated Valuation

future platforms limited Estimated Valuation

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