Myrtle Software Limited

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myrtle software limited Company Information

Live

MatureSmallHealthy

Company Number

04978210

Next Accounts

Sep 2025

Industry

Business and domestic software development

Directors

Peter Baldwin

Robert Sansom

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Shareholders

peter baldwin

achronix semiconductor corporation

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Group Structure

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Contact

Registered Address

third floor st. andrews house, 59 st. andrews street, cambridge, CB2 3BZ

Website

www.myrtlesoftware.com

myrtle software limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of MYRTLE SOFTWARE LIMITED at £8.5m based on Net Assets of £3.6m and 2.35x industry multiple (adjusted for liquidity).

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Myrtle Software Limited is a live company located in cambridge, CB2 3BZ with a Companies House number of 04978210. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2003, it's largest shareholder is peter baldwin with a 42.7% stake. Myrtle Software Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Myrtle Software Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.1%)

EXPORT

Myrtle Software Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £3.6 million. According to their latest financial statements, Myrtle Software Limited has 20 employees and maintains cash reserves of £2.9 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	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,253,173	767,448	987,463	1,031,664	1,784,644	597,707	608,199	346,056	50,943	98,262	71,249	18,243	282,861	52,740	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	348,493	215,634	266,372	284,220	480,048	162,124	165,495	95,696	12,616	25,045	18,418	4,358	69,977	12,278	0
Gross Profit	904,680	551,815	721,091	747,444	1,304,596	435,583	442,705	250,360	38,327	73,218	52,831	13,885	212,884	40,462	0
Admin Expenses	2,411,065	910,614	1,338,933	2,257,399	2,251,701	1,153,056	658,257	298,227	71,774	177,008	114,752	-7,211	121,926	11,982	-176,268
Operating Profit	-1,506,385	-358,799	-617,842	-1,509,955	-947,105	-717,473	-215,552	-47,867	-33,447	-103,790	-61,921	21,096	90,958	28,480	176,268
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	132,225	40,109	674	1,158	19,128	13,180	803	70	375	704	1,060	1,068	841	708	335
Pre-Tax Profit	-1,374,160	-318,690	-617,168	-1,508,797	-927,977	-704,293	-214,749	-47,797	-33,072	-103,086	-60,861	22,164	91,799	29,188	176,603
Tax	0	0	0	0	0	0	0	0	0	0	0	-5,319	-23,868	-8,172	-49,449
Profit After Tax	-1,374,160	-318,690	-617,168	-1,508,797	-927,977	-704,293	-214,749	-47,797	-33,072	-103,086	-60,861	16,845	67,931	21,015	127,154
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,374,160	-318,690	-617,168	-1,508,797	-927,977	-704,293	-214,749	-47,797	-33,072	-103,086	-60,861	16,845	67,931	21,015	127,154
Employee Costs	1,456,715	949,731	1,013,348	1,448,083	1,241,111	799,522	414,379	226,731	53,408	53,716	51,929	52,161	150,529	48,995	0
Number Of Employees	20	14	16	24	20	13	7	4	1	1	1	1	3	1	0
EBITDA*	-1,428,155	-340,445	-581,934	-1,460,377	-910,540	-704,545	-203,653	-44,972	-33,307	-97,475	-57,714	23,302	92,225	29,746	176,561

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	134,502	13,783	19,600	31,694	65,473	34,118	9,145	2,754	140	0	1,590	2,207	0	1,267	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	134,502	13,783	19,600	31,694	65,473	34,118	9,145	2,754	140	0	1,590	2,207	0	1,267	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	85,603	37,188	93,887	8,563	0	11,771	0	0	9,683	17,855	12,561	2,865	52,364	9,034	9,085
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	670,458	566,182	327,066	609,674	493,968	105,773	200,442	44,854	0	0	0	0	0	0	0
Cash	2,872,167	2,164,969	127,002	412,099	1,903,982	3,196,741	318,003	3,278	52,440	97,578	184,212	239,851	187,345	148,992	134,049
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,628,228	2,768,339	547,955	1,030,336	2,397,950	3,314,285	518,445	48,132	62,123	115,433	196,773	242,716	239,709	158,026	143,134
total assets	3,762,730	2,782,122	567,555	1,062,030	2,463,423	3,348,403	527,590	50,886	62,263	115,433	198,363	244,923	239,709	159,293	143,134
Bank overdraft	0	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	0
Trade Creditors	37,604	119,130	54,428	68,696	13,827	3,417	4,060	1,150	6,290	26,416	5,942	11,527	23,599	11,064	15,970
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	95,357	91,186	62,862	131,584	69,340	42,083	20,391	41,037	0	0	0	0	0	0	0
total current liabilities	132,961	210,316	117,290	200,280	83,167	45,500	24,451	42,187	6,290	26,416	5,942	11,527	23,599	11,064	15,970
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	200,000	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	11,130	5,800	1,738	551	28	0	318	441	0	50	0
total long term liabilities	0	0	200,000	0	11,130	5,800	1,738	551	28	0	318	441	0	50	0
total liabilities	132,961	210,316	317,290	200,280	94,297	51,300	26,189	42,738	6,318	26,416	6,260	11,968	23,599	11,114	15,970
net assets	3,629,769	2,571,806	250,265	861,750	2,369,126	3,297,103	501,401	8,148	55,945	89,017	192,103	232,955	216,110	148,179	127,164
total shareholders funds	3,629,769	2,571,806	250,265	861,750	2,369,126	3,297,103	501,401	8,148	55,945	89,017	192,103	232,955	216,110	148,179	127,164

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-1,506,385	-358,799	-617,842	-1,509,955	-947,105	-717,473	-215,552	-47,867	-33,447	-103,790	-61,921	21,096	90,958	28,480	176,268
Depreciation	78,230	18,354	35,908	49,578	36,565	12,928	11,899	2,895	140	6,315	4,207	2,206	1,267	1,266	293
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	-5,319	-23,868	-8,172	-49,449
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	152,691	182,417	-197,284	124,269	376,424	-82,898	155,588	35,171	-8,172	5,294	9,696	-49,499	43,330	-51	9,085
Creditors	-81,526	64,702	-14,268	54,869	10,410	-643	2,910	-5,140	-20,126	20,474	-5,585	-12,072	12,535	-4,906	15,970
Accruals and Deferred Income	4,171	28,324	-68,722	62,244	27,257	21,692	-20,646	41,037	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-11,130	5,330	4,062	1,187	523	28	-318	-123	441	-50	50	0
Cash flow from operations	-1,658,201	-429,836	-467,640	-1,478,663	-1,243,967	-596,536	-375,790	-43,723	-45,233	-82,613	-73,118	55,851	37,512	16,769	133,997
Investing Activities
capital expenditure	-198,949	-12,537	-23,814	-15,799	-67,920	-37,901	-18,290	-5,509	-280	-4,725	-3,590	-4,413	0	-2,533	-293
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-198,949	-12,537	-23,814	-15,799	-67,920	-37,901	-18,290	-5,509	-280	-4,725	-3,590	-4,413	0	-2,533	-293
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	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	-200,000	200,000	0	0	0	0	0	0	0	0	0	0	0	0
share issue	2,432,123	2,640,231	5,683	1,421	0	3,499,995	708,002	0	0	0	20,009	0	0	0	10
interest	132,225	40,109	674	1,158	19,128	13,180	803	70	375	704	1,060	1,068	841	708	335
cash flow from financing	2,564,348	2,480,340	206,357	2,579	19,128	3,513,175	708,805	70	375	704	21,069	1,068	841	708	345
cash and cash equivalents
cash	707,198	2,037,967	-285,097	-1,491,883	-1,292,759	2,878,738	314,725	-49,162	-45,138	-86,634	-55,639	52,506	38,353	14,943	134,049
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	707,198	2,037,967	-285,097	-1,491,883	-1,292,759	2,878,738	314,725	-49,162	-45,138	-86,634	-55,639	52,506	38,353	14,943	134,049

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MYRTLE SOFTWARE LIMITED group structure

Myrtle Software Limited has no subsidiary companies.

Ultimate parent company

MYRTLE SOFTWARE LIMITED

04978210

MYRTLE SOFTWARE LIMITED Shareholders

peter baldwin	42.7%
achronix semiconductor corporation	14.26%
rockspring nominees limited	8.48%
iq capital fund ii lp	8.29%
robert daniell sansom	7.08%
robert swann	4.2%
martlet capital limited	2.09%
iq capital side car fund lp	1.36%
cti investments limited	1.25%
timothy de vere green	1.05%

Myrtle Software Limited currently has 4 directors. The longest serving directors include Mr Peter Baldwin (Nov 2003) and Mr Robert Sansom (Feb 2017).

officer	country	age	start	end	role
Mr Peter Baldwin	United Kingdom	51 years	Nov 2003	-	Director
Mr Robert Sansom	United Kingdom	65 years	Feb 2017	-	Director
Mr Thomas Lagatta	United Kingdom	67 years	Jun 2021	-	Director
Mr Robert Blake	United States	62 years	Jul 2022	-	Director

P&L

December 2023

turnover

1.3m

+63%

operating profit

-1.5m

gross margin

72.2%

+0.4%

turnover

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

Balance Sheet

December 2023

net assets

3.6m

+0.41%

total assets

3.8m

+0.35%

cash

2.9m

+0.33%

net assets

Total assets minus all liabilities

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company number

04978210

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

November 2003

ultimate parent company

None

previous names

N/A

address

third floor st. andrews house, 59 st. andrews street, cambridge, CB2 3BZ

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myrtle software limited Company Information

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myrtle software limited Estimated Valuation

myrtle software limited Estimated Valuation

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