openx limited
openx limited Company Information
Company Number
04646644
Website
www.openx.comRegistered Address
suite 1, 7th floor, 50 broadway, london, SW1H 0DB
Industry
Computer consultancy activities
Telephone
02045345239
Next Accounts Due
18 days late
Group Structure
View All
Directors
John Gentry4 Years
Shareholders
openx software ltd 100%
openx limited Estimated Valuation
Pomanda estimates the enterprise value of OPENX LIMITED at £21.8m based on a Turnover of £23.2m and 0.94x industry multiple (adjusted for size and gross margin).
openx limited Estimated Valuation
Pomanda estimates the enterprise value of OPENX LIMITED at £35.9m based on an EBITDA of £5.3m and a 6.75x industry multiple (adjusted for size and gross margin).
openx limited Estimated Valuation
Pomanda estimates the enterprise value of OPENX LIMITED at £2.6m based on Net Assets of £1.2m and 2.25x industry multiple (adjusted for liquidity).
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Openx Limited Overview
Openx Limited is a live company located in london, SW1H 0DB with a Companies House number of 04646644. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2003, it's largest shareholder is openx software ltd with a 100% stake. Openx Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.2m with healthy growth in recent years.
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Openx Limited Health Check
Pomanda's financial health check has awarded Openx Limited a 4 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
5 Strong
0 Regular
6 Weak
Size
annual sales of £23.2m, make it larger than the average company (£1.9m)
£23.2m - Openx Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.4%)
9% - Openx Limited
4.4% - Industry AVG
Production
with a gross margin of 35.6%, this company has a higher cost of product (46.2%)
35.6% - Openx Limited
46.2% - Industry AVG
Profitability
an operating margin of 22.9% make it more profitable than the average company (7.5%)
22.9% - Openx Limited
7.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (16)
12 - Openx Limited
16 - Industry AVG
Pay Structure
on an average salary of £118.3k, the company has a higher pay structure (£56.3k)
£118.3k - Openx Limited
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.9m, this is more efficient (£127.8k)
£1.9m - Openx Limited
£127.8k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (65 days)
83 days - Openx Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 308 days, this is slower than average (31 days)
308 days - Openx Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Openx Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - Openx Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.5%, this is a higher level of debt than the average (59.2%)
98.5% - Openx Limited
59.2% - Industry AVG
OPENX LIMITED financials
Openx Limited's latest turnover from December 2022 is £23.2 million and the company has net assets of £1.2 million. According to their latest financial statements, Openx Limited has 12 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,186,015 | 22,218,871 | 16,970,705 | 17,736,092 | 20,811,335 | 25,182,422 | 20,222,546 | 10,619,593 | 5,162,581 | 4,330,989 | 3,227,403 | 2,855,466 | 155,838 | 725,739 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 14,929,269 | 12,858,072 | 7,282,057 | 12,793,698 | 15,850,043 | 14,248,827 | 11,484,069 | 5,708,039 | 4,869,173 | 2,480,587 | 393,419 | 418,186 | 195,936 | 0 |
| Gross Profit | 8,256,746 | 9,360,799 | 9,688,648 | 4,942,394 | 4,961,292 | 10,933,595 | 8,738,477 | 4,911,554 | 293,408 | 1,850,402 | 2,833,984 | 2,437,280 | -40,098 | 725,739 |
| Admin Expenses | 2,937,898 | 2,346,693 | 3,376,775 | 6,022,010 | 7,377,760 | 8,768,485 | 5,497,835 | 5,133,585 | 2,815,572 | 3,509,450 | 1,668,833 | 2,104,998 | 1,741,656 | 1,043,422 |
| Operating Profit | 5,318,848 | 7,014,106 | 6,311,873 | -1,079,616 | -2,416,468 | 2,165,110 | 3,240,642 | -222,031 | -2,522,164 | -1,659,048 | 1,165,151 | 332,282 | -1,781,754 | -317,683 |
| Interest Payable | 765 | 1,661 | 2,321 | 4,443 | 4,292 | 638 | 28 | 2,456 | 38,071 | 8,214 | 12,000 | 66,903 | 37,768 | 686 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 18,212 | 84,456 | 0 | 0 | 5,050 | 57 |
| Pre-Tax Profit | 5,318,083 | 7,012,445 | 6,309,552 | -1,084,059 | -2,420,760 | 2,164,472 | 3,240,614 | -224,453 | -2,542,023 | -1,582,806 | 1,153,151 | 265,379 | -1,814,472 | -318,312 |
| Tax | -993,632 | -1,335,676 | -1,132,375 | 167,025 | 376,285 | -388,756 | 470,518 | 0 | 0 | 0 | 0 | 0 | -373 | 224,148 |
| Profit After Tax | 4,324,451 | 5,676,769 | 5,177,177 | -917,034 | -2,044,475 | 1,775,716 | 3,711,132 | -224,453 | -2,542,023 | -1,582,806 | 1,153,151 | 265,379 | -1,814,845 | -94,164 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,324,451 | 5,676,769 | 5,177,177 | -917,034 | -2,044,475 | 1,775,716 | 3,711,132 | -224,453 | -2,542,023 | -1,582,806 | 1,153,151 | 265,379 | -1,814,845 | -94,164 |
| Employee Costs | 1,419,494 | 1,885,872 | 2,336,970 | 3,224,223 | 3,354,116 | 3,759,371 | 3,577,682 | 2,537,373 | 1,381,995 | 1,882,582 | 832,060 | 1,033,808 | 510,549 | |
| Number Of Employees | 12 | 12 | 17 | 20 | 22 | 30 | 32 | 26 | 18 | 25 | 18 | 12 | 2 | |
| EBITDA* | 5,318,598 | 7,018,653 | 6,334,025 | -72,745 | -761,012 | 3,618,534 | 4,007,919 | 111,767 | -2,095,676 | -1,027,995 | 1,481,119 | 853,535 | -1,522,915 | -298,863 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 4,228 | 8,775 | 146,550 | 1,728,676 | 2,460,211 | 3,172,836 | 524,987 | 440,051 | 586,935 | 1,021,538 | 1,016,278 | 789,143 | 7,657 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,552 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 106,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,363 |
| Total Fixed Assets | 106,489 | 4,228 | 8,775 | 146,550 | 1,728,676 | 2,460,211 | 3,172,836 | 524,987 | 440,051 | 586,935 | 1,021,538 | 1,016,278 | 792,695 | 20,020 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,311,664 | 3,783,160 | 3,695,497 | 3,890,558 | 4,641,401 | 4,330,158 | 1,665,890 | 1,012,597 | 666,962 | 436,043 | 656,867 | 295,545 | 186,022 | 605,793 |
| Group Debtors | 68,837,630 | 65,168,944 | 50,403,241 | 25,152,577 | 8,961,615 | 22,655,061 | 10,751,332 | 4,636,240 | 602,981 | 4,236,446 | 2,837,134 | 4,271,542 | 5,467,865 | 5,043,536 |
| Misc Debtors | 1,118,028 | 1,818,820 | 1,114,622 | 2,173,804 | 2,983,384 | 1,610,882 | 1,131,656 | 811,988 | 300,552 | 730,326 | 269,424 | 238,159 | 32,602 | 238,563 |
| Cash | 1,002,035 | 1,380,923 | 963,293 | 1,401,904 | 1,133,896 | 1,434,698 | 1,567,162 | 799,294 | 1,246,644 | 357,703 | 357,111 | 38,025 | 59,846 | 23,830 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 76,269,357 | 72,151,847 | 56,176,653 | 32,618,843 | 17,720,296 | 30,030,799 | 15,116,040 | 7,260,119 | 2,817,139 | 5,760,518 | 4,120,536 | 4,843,271 | 5,746,335 | 5,911,722 |
| total assets | 76,375,846 | 72,156,075 | 56,185,428 | 32,765,393 | 19,448,972 | 32,491,010 | 18,288,876 | 7,785,106 | 3,257,190 | 6,347,453 | 5,142,074 | 5,859,549 | 6,539,030 | 5,931,742 |
| 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 | 12,612,505 | 19,533,189 | 17,987,310 | 13,878,486 | 22,493,226 | 13,027,980 | 10,411,700 | 7,291,025 | 3,084,109 | 1,806,135 | 1,249,133 | 11,863,886 | 239,624 | 45,204 |
| Group/Directors Accounts | 62,083,747 | 55,508,568 | 39,343,838 | 23,781,009 | 0 | 21,887,481 | 12,326,977 | 8,757,574 | 8,448,506 | 10,530,186 | 8,220,535 | 0 | 10,483,009 | 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 | 135,421 | 0 | 190,498 | 0 |
| other current liabilities | 514,438 | 282,333 | 1,016,882 | 499,720 | 612,103 | 784,278 | 630,234 | 627,715 | 644,782 | 423,120 | 417,511 | 0 | 1,742,439 | 17,938 |
| total current liabilities | 75,210,690 | 75,324,090 | 58,348,030 | 38,159,215 | 23,105,329 | 35,699,739 | 23,368,911 | 16,676,314 | 12,177,397 | 12,759,441 | 10,022,600 | 11,863,886 | 12,655,570 | 63,142 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,483,118 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,536 | 51,081 | 213,056 | 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,536 | 51,081 | 213,056 | 10,483,118 |
| total liabilities | 75,210,690 | 75,324,090 | 58,348,030 | 38,159,215 | 23,105,329 | 35,699,739 | 23,368,911 | 16,676,314 | 12,177,397 | 12,759,441 | 10,029,136 | 11,914,967 | 12,868,626 | 10,546,260 |
| net assets | 1,165,156 | -3,168,015 | -2,162,602 | -5,393,822 | -3,656,357 | -3,208,729 | -5,080,035 | -8,891,208 | -8,920,207 | -6,411,988 | -4,887,062 | -6,055,418 | -6,329,596 | -4,614,518 |
| total shareholders funds | 1,165,156 | -3,168,015 | -2,162,602 | -5,393,822 | -3,656,357 | -3,208,729 | -5,080,035 | -8,891,208 | -8,920,207 | -6,411,988 | -4,887,062 | -6,055,418 | -6,329,596 | -4,614,518 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,318,848 | 7,014,106 | 6,311,873 | -1,079,616 | -2,416,468 | 2,165,110 | 3,240,642 | -222,031 | -2,522,164 | -1,659,048 | 1,165,151 | 332,282 | -1,781,754 | -317,683 |
| Depreciation | -250 | 4,547 | 22,152 | 1,006,871 | 1,655,456 | 1,453,424 | 767,277 | 333,798 | 426,488 | 631,053 | 315,968 | 517,701 | 256,472 | 18,820 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,552 | 2,367 | 0 |
| Tax | -993,632 | -1,335,676 | -1,132,375 | 167,025 | 376,285 | -388,756 | 470,518 | 0 | 0 | 0 | 0 | 0 | -373 | 224,148 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,602,887 | 15,557,564 | 23,996,421 | 14,630,539 | -12,009,701 | 15,047,223 | 7,088,053 | 4,890,330 | -3,832,320 | 1,639,390 | -1,923,064 | -881,243 | -213,766 | 5,900,255 |
| Creditors | -6,920,684 | 1,545,879 | 4,108,824 | -8,614,740 | 9,465,246 | 2,616,280 | 3,120,675 | 4,206,916 | 1,277,974 | 557,002 | 1,009,509 | 11,624,262 | 194,420 | 45,204 |
| Accruals and Deferred Income | 232,105 | -734,549 | 517,162 | -112,383 | -172,175 | 154,044 | 2,519 | -17,067 | 221,662 | 5,609 | -1,324,928 | -1,742,439 | 1,724,501 | 17,938 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,966,500 | -9,063,257 | -14,168,785 | -23,263,382 | 20,918,045 | -9,047,121 | 513,578 | -588,714 | 3,236,280 | -2,104,774 | 3,088,764 | 11,616,601 | 609,399 | -5,911,828 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -938,607 | -740,799 | -3,415,126 | -418,734 | -279,604 | |||||
| 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 | -938,607 | -740,799 | -3,415,126 | -418,734 | -279,604 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,575,179 | 16,164,730 | 15,562,829 | 23,781,009 | -21,887,481 | 9,560,504 | 3,569,403 | 309,068 | -2,081,680 | 2,309,651 | -2,262,474 | -10,483,009 | 10,483,009 | 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 | -10,483,118 | 10,483,118 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -141,957 | -261,597 | -352,473 | 403,554 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -765 | -1,661 | -2,321 | -4,443 | -4,292 | -638 | -28 | -2,422 | -19,859 | 76,242 | -12,000 | -66,903 | -32,718 | -629 |
| cash flow from financing | 6,583,134 | 9,480,887 | 13,614,551 | 22,956,135 | -20,294,926 | 9,655,456 | 3,669,416 | 560,098 | -2,067,735 | 2,301,816 | -2,246,688 | -10,893,586 | 470,494 | 5,962,135 |
| cash and cash equivalents | ||||||||||||||
| cash | -378,888 | 417,630 | -438,611 | 268,008 | -300,802 | -132,464 | 767,868 | -447,350 | 888,941 | 592 | 297,265 | -21,821 | 36,016 | 23,830 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -378,888 | 417,630 | -438,611 | 268,008 | -300,802 | -132,464 | 767,868 | -447,350 | 888,941 | 592 | 297,265 | -21,821 | 36,016 | 23,830 |
openx limited Credit Report and Business Information
Openx Limited Competitor Analysis
Perform a competitor analysis for openx limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in SW1H area or any other competitors across 12 key performance metrics.
openx limited Ownership
OPENX LIMITED group structure
Openx Limited has no subsidiary companies.
openx limited directors
Openx Limited currently has 1 director, Mr John Gentry serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Gentry | England | 57 years | Mar 2020 | - | Director |
P&L
December 2022turnover
23.2m
+4%
operating profit
5.3m
-24%
gross margin
35.7%
-15.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.2m
-1.37%
total assets
76.4m
+0.06%
cash
1m
-0.27%
net assets
Total assets minus all liabilities
openx limited company details
company number
04646644
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2003
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
m3 media services limited (February 2008)
awarez limited (March 2005)
accountant
-
auditor
ERNST & YOUNG LLP
address
suite 1, 7th floor, 50 broadway, london, SW1H 0DB
Bank
CITIBANK
Legal Advisor
BIRD & BIRD LLP
openx 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 did not find charges/mortgages relating to openx limited.
openx limited Companies House Filings - See Documents
| date | description | view/download |
|---|
