bright sg limited
bright sg limited Company Information
Company Number
04664435
Next Accounts
Mar 2025
Shareholders
thesaurus software ltd (ireland)
Group Structure
View All
Industry
Business and domestic software development
Registered Address
3 shortlands, london, W6 8DA
Website
www.brightpay.co.ukbright sg limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT SG LIMITED at £8.6m based on a Turnover of £7.5m and 1.15x industry multiple (adjusted for size and gross margin).
bright sg limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT SG LIMITED at £0 based on an EBITDA of £-2.5m and a 7.01x industry multiple (adjusted for size and gross margin).
bright sg limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT SG LIMITED at £59.7m based on Net Assets of £25.1m and 2.38x industry multiple (adjusted for liquidity).
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Bright Sg Limited Overview
Bright Sg Limited is a live company located in london, W6 8DA with a Companies House number of 04664435. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2003, it's largest shareholder is thesaurus software ltd (ireland) with a 100% stake. Bright Sg Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.5m with rapid growth in recent years.
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Bright Sg Limited Health Check
Pomanda's financial health check has awarded Bright Sg Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £7.5m, make it larger than the average company (£3.5m)
£7.5m - Bright Sg Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 105%, show it is growing at a faster rate (8.4%)
- Bright Sg Limited
8.4% - Industry AVG
Production
with a gross margin of 93.3%, this company has a lower cost of product (72.3%)
93.3% - Bright Sg Limited
72.3% - Industry AVG
Profitability
an operating margin of -33.8% make it less profitable than the average company (3.6%)
-33.8% - Bright Sg Limited
3.6% - Industry AVG
Employees
with 54 employees, this is above the industry average (32)
54 - Bright Sg Limited
32 - Industry AVG
Pay Structure
on an average salary of £62.6k, the company has an equivalent pay structure (£66.6k)
£62.6k - Bright Sg Limited
£66.6k - Industry AVG
Efficiency
resulting in sales per employee of £139.2k, this is more efficient (£112.1k)
£139.2k - Bright Sg Limited
£112.1k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (61 days)
8 days - Bright Sg Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (44 days)
79 days - Bright Sg Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bright Sg Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (19 weeks)
5 weeks - Bright Sg Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.1%, this is a lower level of debt than the average (61.1%)
43.1% - Bright Sg Limited
61.1% - Industry AVG
BRIGHT SG LIMITED financials
Bright Sg Limited's latest turnover from June 2023 is £7.5 million and the company has net assets of £25.1 million. According to their latest financial statements, Bright Sg Limited has 54 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,518,513 | 5,737,815 | 4,325,684 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 504,711 | 327,613 | ||||||||||||
| Gross Profit | 7,013,802 | 5,410,202 | 4,325,684 | |||||||||||
| Admin Expenses | 9,552,696 | 5,194,570 | 2,827,614 | |||||||||||
| Operating Profit | -2,538,894 | 215,632 | 1,498,070 | |||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -2,538,894 | 215,632 | 1,498,070 | |||||||||||
| Tax | -95,668 | |||||||||||||
| Profit After Tax | -2,538,894 | 215,632 | 1,402,402 | |||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -2,538,894 | 215,632 | 1,402,402 | |||||||||||
| Employee Costs | 3,382,698 | 1,144,289 | 516,368 | |||||||||||
| Number Of Employees | 54 | 11 | 6 | 4 | 3 | 3 | 1 | |||||||
| EBITDA* | -2,525,845 | 220,326 | 1,501,889 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 67,612 | 16,954 | 15,318 | 8,330 | 11,915 | 9,864 | 8,184 | 7,013 | 1,459 | |||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 28,696,253 | 21,579,824 | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 28,763,865 | 21,596,778 | 15,318 | 8,330 | 11,915 | 9,864 | 8,184 | 7,013 | 1,459 | |||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 170,300 | 2,940 | 736,948 | 141,129 | 27,263 | 10,105 | 185,578 | 13,643 | 17,908 | |||||
| Group Debtors | 12,519,561 | |||||||||||||
| Misc Debtors | 507,813 | 267,213 | 223,576 | 28,032 | 3,428 | |||||||||
| Cash | 2,187,742 | 1,046,885 | 2,695,159 | 2,984,357 | 2,761,060 | 465,633 | 108,012 | 116,011 | ||||||
| misc current assets | 37 | |||||||||||||
| total current assets | 15,385,416 | 1,317,038 | 3,655,683 | 3,125,486 | 2,816,355 | 479,166 | 185,615 | 121,655 | 133,919 | |||||
| total assets | 44,149,281 | 22,913,816 | 3,671,001 | 3,133,816 | 2,828,270 | 489,030 | 193,799 | 128,668 | 135,378 | |||||
| Bank overdraft | 92 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 109,558 | 44,362 | 23,822 | 1,812,128 | 1,489,944 | 302,243 | 176,642 | 117,090 | 128,677 | |||||
| Group/Directors Accounts | 17,367,641 | 3,383,763 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,541,767 | 5,325,623 | 923,089 | 604,117 | 186,045 | |||||||||
| total current liabilities | 19,018,966 | 8,753,748 | 946,911 | 1,812,128 | 2,094,061 | 488,380 | 176,642 | 117,090 | 128,677 | |||||
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 1,403 | |||||||||||||
| total long term liabilities | 1,403 | |||||||||||||
| total liabilities | 19,018,966 | 8,753,748 | 946,911 | 1,812,128 | 2,094,061 | 488,380 | 176,642 | 118,493 | 128,677 | |||||
| net assets | 25,130,315 | 14,160,068 | 2,724,090 | 1,321,688 | 734,209 | 650 | 17,157 | 10,175 | 6,701 | |||||
| total shareholders funds | 25,130,315 | 14,160,068 | 2,724,090 | 1,321,688 | 734,209 | 650 | 17,157 | 10,175 | 6,701 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -2,538,894 | 215,632 | 1,498,070 | |||||||||||
| Depreciation | 13,049 | 4,694 | 3,819 | 4,178 | 3,717 | 1,817 | 257 | |||||||
| Amortisation | ||||||||||||||
| Tax | -95,668 | |||||||||||||
| Stock | ||||||||||||||
| Debtors | 12,927,521 | -690,371 | 819,395 | 85,834 | 41,762 | -172,045 | 171,935 | -4,265 | 17,908 | |||||
| Creditors | 65,196 | 20,540 | -1,788,306 | 322,184 | 1,187,701 | 125,601 | 59,552 | -11,587 | 128,677 | |||||
| Accruals and Deferred Income | -3,783,856 | 4,402,534 | 923,089 | -604,117 | 418,072 | 186,045 | ||||||||
| Deferred Taxes & Provisions | -1,403 | 1,403 | ||||||||||||
| Cash flow from operations | -19,172,026 | 5,333,771 | -278,391 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 7,116,429 | 21,579,824 | ||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 13,983,878 | 3,383,763 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | 27,493,019 | 14,604,109 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 1,140,857 | -1,648,274 | -289,198 | 223,297 | 2,295,427 | 465,633 | -108,012 | -7,999 | 116,011 | |||||
| overdraft | -92 | 92 | ||||||||||||
| change in cash | 1,140,857 | -1,648,274 | -289,198 | 223,297 | 2,295,519 | 465,541 | -108,012 | -7,999 | 116,011 |
bright sg limited Credit Report and Business Information
Bright Sg Limited Competitor Analysis
Perform a competitor analysis for bright sg limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in W 6 area or any other competitors across 12 key performance metrics.
bright sg limited Ownership
BRIGHT SG LIMITED group structure
Bright Sg Limited has 3 subsidiary companies.
Ultimate parent company
THESAURUS SOFTWARE LTD
#0068346
1 parent
BRIGHT SG LIMITED
04664435
3 subsidiaries
bright sg limited directors
Bright Sg Limited currently has 3 directors. The longest serving directors include Mr Ross Webster (Nov 2014) and Mr Robert McKay (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ross Webster | England | 44 years | Nov 2014 | - | Director |
| Mr Robert McKay | England | 49 years | Feb 2023 | - | Director |
| Mr Stephen Murdoch | United Kingdom | 58 years | Oct 2023 | - | Director |
P&L
June 2023turnover
7.5m
+31%
operating profit
-2.5m
-1277%
gross margin
93.3%
-1.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
25.1m
+0.77%
total assets
44.1m
+0.93%
cash
2.2m
+1.09%
net assets
Total assets minus all liabilities
bright sg limited company details
company number
04664435
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
February 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
thesaurus software ltd (July 2024)
accountant
-
auditor
GRANT THORNTON
address
3 shortlands, london, W6 8DA
Bank
ALLIED IRISH BANK
Legal Advisor
BURNESS PAULL LLP
bright sg 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 2 charges/mortgages relating to bright sg limited. Currently there are 2 open charges and 0 have been satisfied in the past.
bright sg 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.
Click to start generating capital raising & share issue transactions for BRIGHT SG LIMITED. This can take several minutes, an email will notify you when this has completed.
bright sg limited Companies House Filings - See Documents
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