becrypt limited
becrypt limited Company Information
Company Number
04328430
Website
www.becrypt.comRegistered Address
1st floor (west) albion house, 55 new oxford street, london, WC1A 1BS
Industry
Business and domestic software development
Telephone
08458382080
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
david gary thomas 31%
nigel lee 15.2%
View Allbecrypt limited Estimated Valuation
Pomanda estimates the enterprise value of BECRYPT LIMITED at £6.4m based on a Turnover of £6.6m and 0.97x industry multiple (adjusted for size and gross margin).
becrypt limited Estimated Valuation
Pomanda estimates the enterprise value of BECRYPT LIMITED at £0 based on an EBITDA of £-506.4k and a 6.86x industry multiple (adjusted for size and gross margin).
becrypt limited Estimated Valuation
Pomanda estimates the enterprise value of BECRYPT LIMITED at £1m based on Net Assets of £464.2k and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Becrypt Limited Overview
Becrypt Limited is a live company located in london, WC1A 1BS with a Companies House number of 04328430. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2001, it's largest shareholder is david gary thomas with a 31% stake. Becrypt Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Becrypt Limited Health Check
Pomanda's financial health check has awarded Becrypt Limited a 4 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 £6.6m, make it larger than the average company (£2.9m)
£6.6m - Becrypt Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.1%)
5% - Becrypt Limited
8.1% - Industry AVG
Production
with a gross margin of 83.8%, this company has a comparable cost of product (71.6%)
83.8% - Becrypt Limited
71.6% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (4.1%)
-9.8% - Becrypt Limited
4.1% - Industry AVG
Employees
with 56 employees, this is above the industry average (28)
56 - Becrypt Limited
28 - Industry AVG
Pay Structure
on an average salary of £77.1k, the company has an equivalent pay structure (£64.9k)
£77.1k - Becrypt Limited
£64.9k - Industry AVG
Efficiency
resulting in sales per employee of £118.1k, this is equally as efficient (£111k)
£118.1k - Becrypt Limited
£111k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (64 days)
77 days - Becrypt Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 172 days, this is slower than average (46 days)
172 days - Becrypt Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (15 days)
2 days - Becrypt Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (19 weeks)
33 weeks - Becrypt Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91%, this is a higher level of debt than the average (60.9%)
91% - Becrypt Limited
60.9% - Industry AVG
BECRYPT LIMITED financials
Becrypt Limited's latest turnover from March 2023 is £6.6 million and the company has net assets of £464.2 thousand. According to their latest financial statements, Becrypt Limited has 56 employees and maintains cash reserves of £2.5 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 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,611,289 | 6,243,780 | 6,487,238 | 5,762,099 | 7,248,658 | 6,125,721 | 6,421,743 | 5,797,461 | 8,562,918 | 6,631,492 | 6,555,927 | 6,571,770 | 8,010,440 | 8,703,415 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,068,643 | 506,788 | 875,263 | 748,617 | 2,016,211 | 360,311 | 100,943 | 246,866 | 457,361 | 204,974 | 73,577 | 118,099 | 187,655 | 113,955 |
| Gross Profit | 5,542,646 | 5,736,992 | 5,611,975 | 5,013,482 | 5,232,447 | 5,765,410 | 6,320,800 | 5,550,595 | 8,105,557 | 6,426,518 | 6,482,350 | 6,453,671 | 7,822,785 | 8,589,460 |
| Admin Expenses | 6,190,770 | 5,540,853 | 5,772,121 | 5,960,350 | 5,191,600 | 5,744,181 | 6,307,844 | 6,283,739 | 7,794,934 | 6,465,572 | 7,074,973 | 7,041,632 | 8,318,740 | 8,198,320 |
| Operating Profit | -648,124 | 196,139 | -160,146 | -946,868 | 40,847 | 21,229 | 12,956 | -733,144 | 310,623 | -39,054 | -592,623 | -587,961 | -495,955 | 391,140 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,553 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 4,140 | 741 | 2,413 | 3,125 | 2,295 | 11,961 | 29,366 | 19,928 | 22,266 |
| Pre-Tax Profit | -648,124 | 196,139 | -160,146 | -946,868 | 40,847 | 25,369 | 13,697 | -730,731 | 313,748 | -36,759 | -580,662 | -558,495 | -476,027 | 407,853 |
| Tax | 370,637 | 242,142 | 279,685 | 88,241 | 160,343 | 70,642 | 242,231 | 142,645 | 0 | 393,727 | -81,764 | 20,300 | 21,842 | 412,338 |
| Profit After Tax | -277,487 | 438,281 | 119,539 | -858,627 | 201,190 | 96,011 | 255,928 | -588,086 | 313,748 | 356,968 | -662,426 | -538,195 | -454,185 | 820,191 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -277,487 | 438,281 | 119,539 | -858,627 | 201,190 | 96,011 | 255,928 | -588,086 | 313,748 | 356,968 | -662,426 | -538,195 | -454,185 | 820,191 |
| Employee Costs | 4,317,993 | 4,081,827 | 4,356,220 | 4,282,747 | 3,532,753 | 4,223,741 | 4,548,862 | 4,315,815 | 5,282,518 | 4,510,934 | 4,750,383 | 4,786,113 | 5,720,705 | 4,685,496 |
| Number Of Employees | 56 | 59 | 64 | 65 | 54 | 64 | 65 | 67 | 70 | 66 | 72 | 73 | 78 | 77 |
| EBITDA* | -506,429 | 282,309 | -109,901 | -891,801 | 108,885 | 113,343 | 138,337 | -597,633 | 440,375 | 40,409 | -468,315 | -321,622 | -190,787 | 645,155 |
* 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 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 359,162 | 102,785 | 98,292 | 95,432 | 87,066 | 129,753 | 126,713 | 145,655 | 227,416 | 176,990 | 86,774 | 162,671 | 361,440 | 596,399 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 27,245 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 386,407 | 102,785 | 98,292 | 95,432 | 87,066 | 129,753 | 126,713 | 145,655 | 227,416 | 176,990 | 86,774 | 162,671 | 361,440 | 596,399 |
| Stock & work in progress | 8,117 | 2,086 | 2,891 | 14,975 | 11,624 | 158,222 | 68,978 | 25,168 | 32,274 | 32,726 | 40,154 | 60,328 | 32,573 | 21,873 |
| Trade Debtors | 1,412,688 | 3,812,562 | 743,517 | 914,976 | 1,398,842 | 1,617,409 | 986,339 | 1,010,449 | 972,897 | 1,094,326 | 916,577 | 1,345,122 | 1,754,614 | 1,969,188 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 845,988 | 798,535 | 1,204,684 | 1,084,895 | 876,655 | 539,955 | 433,140 | 644,051 | 451,035 | 230,444 | 422,154 | 406,065 | 478,984 | 485,350 |
| Cash | 2,500,402 | 1,023,520 | 1,578,165 | 1,570,043 | 2,498,364 | 1,686,704 | 1,794,215 | 1,527,067 | 4,073,779 | 2,928,323 | 2,933,367 | 2,259,512 | 2,749,586 | 2,149,695 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,767,195 | 5,636,703 | 3,529,257 | 3,584,889 | 4,785,485 | 4,002,290 | 3,282,672 | 3,206,735 | 5,529,985 | 4,285,819 | 4,312,252 | 4,071,027 | 5,015,757 | 4,626,106 |
| total assets | 5,153,602 | 5,739,488 | 3,627,549 | 3,680,321 | 4,872,551 | 4,132,043 | 3,409,385 | 3,352,390 | 5,757,401 | 4,462,809 | 4,399,026 | 4,233,698 | 5,377,197 | 5,222,505 |
| 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 | 504,282 | 257,833 | 309,800 | 494,033 | 235,132 | 191,010 | 229,389 | 220,352 | 281,864 | 180,882 | 255,246 | 143,330 | 143,203 | 167,976 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,381,580 | 3,382,306 | 3,046,489 | 3,003,938 | 3,229,917 | 3,287,021 | 2,566,556 | 2,636,792 | 4,066,284 | 3,009,049 | 3,210,229 | 2,723,649 | 3,064,595 | 2,623,806 |
| total current liabilities | 3,885,862 | 3,640,139 | 3,356,289 | 3,497,971 | 3,465,049 | 3,478,031 | 2,795,945 | 2,857,144 | 4,348,148 | 3,189,931 | 3,465,475 | 2,866,979 | 3,207,798 | 2,791,782 |
| 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 | 803,497 | 1,356,742 | 46,958 | 87,534 | 765,138 | 205,721 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 265,002 | 401,116 | 726,054 | 828,657 | 838,006 | 533,638 | 745,372 | 613,017 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 803,497 | 1,356,742 | 46,958 | 87,534 | 765,138 | 205,721 | 265,002 | 401,116 | 726,054 | 828,657 | 838,006 | 533,638 | 745,372 | 613,017 |
| total liabilities | 4,689,359 | 4,996,881 | 3,403,247 | 3,585,505 | 4,230,187 | 3,683,752 | 3,060,947 | 3,258,260 | 5,074,202 | 4,018,588 | 4,303,481 | 3,400,617 | 3,953,170 | 3,404,799 |
| net assets | 464,243 | 742,607 | 224,302 | 94,816 | 642,364 | 448,291 | 348,438 | 94,130 | 683,199 | 444,221 | 95,545 | 833,081 | 1,424,027 | 1,817,706 |
| total shareholders funds | 464,243 | 742,607 | 224,302 | 94,816 | 642,364 | 448,291 | 348,438 | 94,130 | 683,199 | 444,221 | 95,545 | 833,081 | 1,424,027 | 1,817,706 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -648,124 | 196,139 | -160,146 | -946,868 | 40,847 | 21,229 | 12,956 | -733,144 | 310,623 | -39,054 | -592,623 | -587,961 | -495,955 | 391,140 |
| Depreciation | 141,695 | 86,170 | 50,245 | 55,067 | 68,038 | 92,114 | 125,381 | 135,511 | 129,752 | 79,463 | 124,308 | 266,339 | 305,168 | 254,015 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 370,637 | 242,142 | 279,685 | 88,241 | 160,343 | 70,642 | 242,231 | 142,645 | 0 | 393,727 | -81,764 | 20,300 | 21,842 | 412,338 |
| Stock | 6,031 | -805 | -12,084 | 3,351 | -146,598 | 89,244 | 43,810 | -7,106 | -452 | -7,428 | -20,174 | 27,755 | 10,700 | 21,873 |
| Debtors | -2,325,176 | 2,662,896 | -51,670 | -275,626 | 118,133 | 737,885 | -235,021 | 230,568 | 99,162 | -13,961 | -412,456 | -482,411 | -220,940 | 2,454,538 |
| Creditors | 246,449 | -51,967 | -184,233 | 258,901 | 44,122 | -38,379 | 9,037 | -61,512 | 100,982 | -74,364 | 111,916 | 127 | -24,773 | 167,976 |
| Accruals and Deferred Income | -553,971 | 1,645,601 | 1,975 | -903,583 | 502,313 | 926,186 | -70,236 | -1,429,492 | 1,057,235 | -201,180 | 486,580 | -340,946 | 440,789 | 2,623,806 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,875,831 | -544,006 | 51,280 | -1,175,967 | 844,128 | 244,663 | 510,580 | -2,169,454 | 1,499,882 | 179,981 | 481,047 | -187,485 | 457,311 | 1,372,864 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -95,154 | -106,439 | -55,293 | -189,569 | -170,072 | -48,484 | -67,225 | -70,676 | -465,205 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -95,154 | -106,439 | -55,293 | -189,569 | -170,072 | -48,484 | -67,225 | -70,676 | -465,205 |
| 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 | 0 | 0 | 0 | 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 |
| 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 | -265,002 | -136,114 | -324,938 | -102,603 | -9,349 | 304,368 | -211,734 | 132,355 | 613,017 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 4,140 | 741 | 2,413 | 3,125 | 2,295 | 11,961 | 29,366 | 19,928 | 16,713 |
| cash flow from financing | -877 | 80,024 | 9,947 | 311,079 | -7,117 | -257,020 | -136,993 | -323,508 | -174,248 | -15,346 | 241,219 | -235,119 | 212,789 | 1,627,245 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,476,882 | -554,645 | 8,122 | -928,321 | 811,660 | -107,511 | 267,148 | -2,546,712 | 1,145,456 | -5,044 | 673,855 | -490,074 | 599,891 | 2,149,695 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,476,882 | -554,645 | 8,122 | -928,321 | 811,660 | -107,511 | 267,148 | -2,546,712 | 1,145,456 | -5,044 | 673,855 | -490,074 | 599,891 | 2,149,695 |
becrypt limited Credit Report and Business Information
Becrypt Limited Competitor Analysis
Perform a competitor analysis for becrypt limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
becrypt limited Ownership
BECRYPT LIMITED group structure
Becrypt Limited has no subsidiary companies.
Ultimate parent company
BECRYPT LIMITED
04328430
becrypt limited directors
Becrypt Limited currently has 4 directors. The longest serving directors include Dr Bernard Parsons (Nov 2001) and Mr David Thomas (Nov 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Bernard Parsons | 59 years | Nov 2001 | - | Director | |
| Mr David Thomas | England | 62 years | Nov 2005 | - | Director |
| Mr Nicholas Hopkinson | England | 66 years | Jan 2021 | - | Director |
| Mr Nicholas Scott | 53 years | Aug 2021 | - | Director |
P&L
March 2023turnover
6.6m
+6%
operating profit
-648.1k
-430%
gross margin
83.9%
-8.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
464.2k
-0.37%
total assets
5.2m
-0.1%
cash
2.5m
+1.44%
net assets
Total assets minus all liabilities
Similar Companies
becrypt limited company details
company number
04328430
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 2001
age
23
accounts
Group
ultimate parent company
previous names
kro research limited (April 2002)
incorporated
UK
address
1st floor (west) albion house, 55 new oxford street, london, WC1A 1BS
last accounts submitted
March 2023
becrypt 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 becrypt limited. Currently there are 0 open charges and 1 have been satisfied in the past.
becrypt limited Companies House Filings - See Documents
| date | description | view/download |
|---|
