bridge technology partners limited

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bridge technology partners limited Company Information

Share BRIDGE TECHNOLOGY PARTNERS LIMITED

Company Number

04403730

Directors

Paul Gilmour

Gerard Mason

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Shareholders

morson holdings limited

Group Structure

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Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

 +2

Registered Address

adamson house centenary way, salford, M50 1RD

bridge technology partners limited Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of BRIDGE TECHNOLOGY PARTNERS LIMITED at £9.7m based on a Turnover of £43.1m and 0.22x industry multiple (adjusted for size and gross margin).

bridge technology partners limited Estimated Valuation

£8.8m

Pomanda estimates the enterprise value of BRIDGE TECHNOLOGY PARTNERS LIMITED at £8.8m based on an EBITDA of £1.9m and a 4.64x industry multiple (adjusted for size and gross margin).

bridge technology partners limited Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of BRIDGE TECHNOLOGY PARTNERS LIMITED at £7.5m based on Net Assets of £6.1m and 1.24x industry multiple (adjusted for liquidity).

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Bridge Technology Partners Limited Overview

Bridge Technology Partners Limited is a live company located in salford, M50 1RD with a Companies House number of 04403730. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 2002, it's largest shareholder is morson holdings limited with a 100% stake. Bridge Technology Partners Limited is a mature, large sized company, Pomanda has estimated its turnover at £43.1m with rapid growth in recent years.

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Bridge Technology Partners Limited Health Check

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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £43.1m, make it larger than the average company (£12.6m)

£43.1m - Bridge Technology Partners Limited

£12.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (6.5%)

30% - Bridge Technology Partners Limited

6.5% - Industry AVG

production

Production

with a gross margin of 11.3%, this company has a higher cost of product (21.7%)

11.3% - Bridge Technology Partners Limited

21.7% - Industry AVG

profitability

Profitability

an operating margin of 4.4% make it more profitable than the average company (2.8%)

4.4% - Bridge Technology Partners Limited

2.8% - Industry AVG

employees

Employees

with 29 employees, this is below the industry average (54)

29 - Bridge Technology Partners Limited

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £74.2k, the company has a higher pay structure (£56.5k)

£74.2k - Bridge Technology Partners Limited

£56.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.5m, this is more efficient (£182k)

£1.5m - Bridge Technology Partners Limited

£182k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 75 days, this is later than average (46 days)

75 days - Bridge Technology Partners Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (7 days)

0 days - Bridge Technology Partners Limited

7 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Bridge Technology Partners Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)

2 weeks - Bridge Technology Partners Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.1%, this is a lower level of debt than the average (72.8%)

49.1% - Bridge Technology Partners Limited

72.8% - Industry AVG

BRIDGE TECHNOLOGY PARTNERS LIMITED financials

EXPORTms excel logo

Bridge Technology Partners Limited's latest turnover from December 2023 is £43.1 million and the company has net assets of £6.1 million. According to their latest financial statements, Bridge Technology Partners Limited has 29 employees and maintains cash reserves of £233 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover43,143,00044,846,00032,092,00019,565,00027,515,00029,143,00030,994,00016,326,00015,494,27222,109,18719,892,34918,847,90717,430,31018,574,826
Other Income Or Grants
Cost Of Sales38,289,00039,187,00027,371,00016,286,00023,120,00024,257,00025,450,00013,158,00012,209,04017,371,53315,577,10514,459,77212,971,01313,985,661
Gross Profit4,854,0005,659,0004,721,0003,279,0004,395,0004,886,0005,544,0003,168,0003,285,2324,737,6544,315,2444,388,1354,459,2964,589,165
Admin Expenses2,973,0003,350,0003,032,0002,351,0002,679,0002,361,0002,917,0001,713,0001,676,3164,739,6943,949,1053,724,8214,022,3014,990,742-893,799
Operating Profit1,881,0002,309,0001,689,000928,0001,716,0002,525,0002,627,0001,455,0001,608,916-2,040366,139663,314436,995-401,577893,799
Interest Payable58,00037,00026,00028,00050,00028,0001,000
Interest Receivable2,0004576,1805,7833,6641,7981,189628
Pre-Tax Profit1,823,0002,272,0001,666,0001,041,0001,666,0002,497,0002,626,0001,457,0001,609,3734,141371,922666,978438,793-400,388894,428
Tax-430,000-436,000-317,000-190,000-323,000-477,000-514,000-283,000-336,609-870-85,542-160,075-114,086-250,440
Profit After Tax1,393,0001,836,0001,349,000851,0001,343,0002,020,0002,112,0001,174,0001,272,7643,271286,380506,903324,707-400,388643,988
Dividends Paid2,000,000500,0001,500,0002,500,0003,012,000200,000
Retained Profit1,393,000-164,0001,349,000351,000-157,000-480,0002,112,000-1,838,0001,072,7643,271286,380506,903324,707-400,388643,988
Employee Costs2,152,0002,695,0002,418,0001,880,0002,192,0002,040,0002,466,0001,430,0001,406,2585,196,1464,955,0734,926,1535,200,6554,908,763
Number Of Employees292828303029292424126122121135130
EBITDA*1,898,0002,328,0001,694,000932,0001,726,0002,526,0002,628,0001,455,0001,609,281-1,553366,915664,351438,377-399,734896,257

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets80,00090,00096,00016,0009,00012,0001,0001,0941,4592,3323,1084,1455,5277,370
Intangible Assets
Investments & Other
Debtors (Due After 1 year)2,476,0002,500,0002,000
Total Fixed Assets2,556,0002,590,00098,00016,0009,00012,0001,0001,0941,4592,3323,1084,1455,5277,370
Stock & work in progress
Trade Debtors8,904,0007,673,0006,181,0003,754,0003,730,0004,616,0003,323,0002,682,0002,275,2061,872,2641,549,3571,803,7101,503,2971,768,4711,281,093
Group Debtors3,0002,059,0003,905,0005,080,0002,631,0001,769,000
Misc Debtors186,000158,000185,000160,000324,000189,00074,0009,0003,442
Cash233,000261,000171,000194,00083,00077,0001,439,0002,672,0002,282,1021,129,4251,342,645970,422495,005224,126251,369
misc current assets
total current assets9,326,0008,092,0008,596,0008,013,0009,217,0007,513,0006,605,0005,363,0004,560,7503,001,6892,892,0022,774,1321,998,3021,992,5971,532,462
total assets11,882,00010,682,0008,694,0008,029,0009,226,0007,525,0006,605,0005,364,0004,561,8443,003,1482,894,3342,777,2402,002,4471,998,1241,539,832
Bank overdraft166,000100,000300,0001,534,00098,000
Bank loan
Trade Creditors 66,00030,0002,020,0001,385,0001,241,0001,544,0001,523,0001,426,0001,457,4521,637,2851,531,7421,701,0281,433,1381,753,522894,842
Group/Directors Accounts1,050,0001,313,00014,0002,001,0001,500,0001,417,0001,356,000
other short term finances
hp & lease commitments
other current liabilities4,539,0004,569,0001,538,0001,150,0001,829,0001,187,0001,323,0002,018,000702,990
total current liabilities5,821,0006,012,0003,872,0004,536,0006,104,0004,246,0002,846,0004,800,0002,160,4421,637,2851,531,7421,701,0281,433,1381,753,522894,842
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities20,000
provisions10,00012,000
total long term liabilities10,00012,00020,000
total liabilities5,831,0006,024,0003,872,0004,556,0006,104,0004,246,0002,846,0004,800,0002,160,4421,637,2851,531,7421,701,0281,433,1381,753,522894,842
net assets6,051,0004,658,0004,822,0003,473,0003,122,0003,279,0003,759,000564,0002,401,4021,365,8631,362,5921,076,212569,309244,602644,990
total shareholders funds6,051,0004,658,0004,822,0003,473,0003,122,0003,279,0003,759,000564,0002,401,4021,365,8631,362,5921,076,212569,309244,602644,990
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit1,881,0002,309,0001,689,000928,0001,716,0002,525,0002,627,0001,455,0001,608,916-2,040366,139663,314436,995-401,577893,799
Depreciation17,00019,0005,0004,00010,0001,0001,0003654877761,0371,3821,8432,458
Amortisation
Tax-430,000-436,000-317,000-190,000-323,000-477,000-514,000-283,000-336,609-870-85,542-160,075-114,086-250,440
Stock
Debtors1,238,0001,904,000608,000-1,315,0001,698,0002,270,0002,475,000412,352406,384322,907-254,353300,413-265,174487,3781,281,093
Creditors36,000-1,990,000635,000144,000-303,00021,00097,000-31,452-179,833105,543-169,286267,890-320,384858,680894,842
Accruals and Deferred Income-30,0003,031,000388,000-679,000642,000-136,000-695,0001,315,010702,990
Deferred Taxes & Provisions-2,00012,000
Cash flow from operations234,0001,041,0001,792,0001,522,00044,000-336,000-959,0002,043,2061,389,445-219,787366,440471,753269,081-28,432259,566
Investing Activities
capital expenditure-7,000-13,000-85,000-11,000-7,000-13,00094386-9,828
Change in Investments
cash flow from investments-7,000-13,000-85,000-11,000-7,000-13,00094386-9,828
Financing Activities
Bank loans
Group/Directors Accounts-263,0001,299,000-1,987,000501,00083,0001,417,000-1,356,0001,356,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-20,00020,000
share issue1,083,000598-37,2251,002
interest-58,000-37,000-26,000-28,000-50,000-28,000-1,0002,0004576,1805,7833,6641,7981,189628
cash flow from financing-321,0001,262,000-2,033,000493,00033,0001,389,000-274,0001,358,598-36,7686,1805,7833,6641,7981,1891,630
cash and cash equivalents
cash-28,00090,000-23,000111,0006,000-1,362,000-1,233,000389,8981,152,677-213,220372,223475,417270,879-27,243251,369
overdraft66,000-200,000300,000-1,534,0001,436,00098,000
change in cash-94,000290,000-323,0001,645,000-1,430,000-1,460,000-1,233,000389,8981,152,677-213,220372,223475,417270,879-27,243251,369

bridge technology partners limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bridge Technology Partners Limited Competitor Analysis

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Perform a competitor analysis for bridge technology partners limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in M50 area or any other competitors across 12 key performance metrics.

bridge technology partners limited Ownership

BRIDGE TECHNOLOGY PARTNERS LIMITED group structure

Bridge Technology Partners Limited has no subsidiary companies.

Ultimate parent company

MERCURY BIDCO GLOBE LTD

#0174048

2 parents

BRIDGE TECHNOLOGY PARTNERS LIMITED

04403730

BRIDGE TECHNOLOGY PARTNERS LIMITED Shareholders

morson holdings limited 100%

bridge technology partners limited directors

Bridge Technology Partners Limited currently has 3 directors. The longest serving directors include Mr Paul Gilmour (Aug 2017) and Mr Gerard Mason (Aug 2017).

officercountryagestartendrole
Mr Paul GilmourUnited Kingdom60 years Aug 2017- Director
Mr Gerard MasonUnited Kingdom61 years Aug 2017- Director
Mr Adrian AdairEngland45 years Jan 2019- Director

P&L

December 2023

turnover

43.1m

-4%

operating profit

1.9m

-19%

gross margin

11.3%

-10.84%

turnover

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

Balance Sheet

December 2023

net assets

6.1m

+0.3%

total assets

11.9m

+0.11%

cash

233k

-0.11%

net assets

Total assets minus all liabilities

bridge technology partners limited company details

company number

04403730

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

78300 - Other human resources provision

incorporation date

March 2002

age

23

incorporated

UK

ultimate parent company

MERCURY BIDCO GLOBE LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

the bridge (it recruitment) limited (April 2024)

smart recruitment solutions (north west) limited (June 2003)

accountant

-

auditor

DELOITTE LLP

address

adamson house centenary way, salford, M50 1RD

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

BEYOND CORPORATE LIMITED

bridge technology partners 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 6 charges/mortgages relating to bridge technology partners limited. Currently there are 1 open charges and 5 have been satisfied in the past.

bridge technology partners limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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bridge technology partners limited Companies House Filings - See Documents

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