access technology group limited
access technology group limited Company Information
Company Number
05575609
Next Accounts
Mar 2025
Shareholders
armstrong bidco limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
armstrong building, oakwood drive, loughborough, LE11 3QF
Website
www.theaccessgroup.comaccess technology group limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS TECHNOLOGY GROUP LIMITED at £1.6b based on a Turnover of £849.4m and 1.91x industry multiple (adjusted for size and gross margin).
access technology group limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS TECHNOLOGY GROUP LIMITED at £4.1b based on an EBITDA of £273.7m and a 15.09x industry multiple (adjusted for size and gross margin).
access technology group limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS TECHNOLOGY GROUP LIMITED at £5.3b based on Net Assets of £2.5b and 2.11x industry multiple (adjusted for liquidity).
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Access Technology Group Limited Overview
Access Technology Group Limited is a live company located in loughborough, LE11 3QF with a Companies House number of 05575609. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 2005, it's largest shareholder is armstrong bidco limited with a 100% stake. Access Technology Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £849.4m with rapid growth in recent years.
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Access Technology Group Limited Health Check
Pomanda's financial health check has awarded Access Technology Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £849.4m, make it larger than the average company (£19.5m)
£849.4m - Access Technology Group Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (5.3%)
48% - Access Technology Group Limited
5.3% - Industry AVG
Production
with a gross margin of 80.1%, this company has a lower cost of product (33.5%)
80.1% - Access Technology Group Limited
33.5% - Industry AVG
Profitability
an operating margin of 4.2% make it less profitable than the average company (5.9%)
4.2% - Access Technology Group Limited
5.9% - Industry AVG
Employees
with 6311 employees, this is above the industry average (108)
6311 - Access Technology Group Limited
108 - Industry AVG
Pay Structure
on an average salary of £51.1k, the company has an equivalent pay structure (£47.5k)
£51.1k - Access Technology Group Limited
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £134.6k, this is less efficient (£196.7k)
£134.6k - Access Technology Group Limited
£196.7k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (46 days)
93 days - Access Technology Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 186 days, this is slower than average (44 days)
186 days - Access Technology Group Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Access Technology Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (16 weeks)
16 weeks - Access Technology Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.8%, this is a lower level of debt than the average (56%)
22.8% - Access Technology Group Limited
56% - Industry AVG
ACCESS TECHNOLOGY GROUP LIMITED financials
Access Technology Group Limited's latest turnover from June 2023 is £849.4 million and the company has net assets of £2.5 billion. According to their latest financial statements, Access Technology Group Limited has 6,311 employees and maintains cash reserves of £155.4 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 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 849,417,000 | 618,375,000 | 388,829,000 | 263,093,000 | 189,000,000 | 143,135,000 | 101,091,000 | 85,903,000 | 68,907,000 | 53,511,000 | 43,347,472 | 32,933,089 | 28,373,779 | 24,580,425 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 169,197,000 | 138,557,000 | 100,881,000 | 67,637,000 | 47,542,000 | 35,461,000 | 27,939,000 | 25,360,000 | 24,600,000 | 19,235,000 | 16,686,220 | 12,465,157 | 10,029,461 | 8,478,148 |
| Gross Profit | 680,220,000 | 479,818,000 | 287,948,000 | 195,456,000 | 141,458,000 | 107,674,000 | 73,152,000 | 60,543,000 | 44,307,000 | 34,276,000 | 26,661,252 | 20,467,932 | 18,344,318 | 16,102,277 |
| Admin Expenses | 644,348,000 | 457,327,000 | 237,534,000 | 166,269,000 | 115,832,000 | 92,227,000 | 62,955,000 | 22,640,000 | 19,332,987 | 15,107,006 | 14,727,370 | 11,903,410 | ||
| Operating Profit | 35,872,000 | 22,491,000 | 50,414,000 | 29,187,000 | 25,626,000 | 15,447,000 | 10,197,000 | 11,636,000 | 7,328,265 | 5,360,926 | 3,616,948 | 4,198,867 | ||
| Interest Payable | 3,297,000 | 2,636,000 | 1,291,000 | 43,908,000 | 16,354,000 | 1,240,000 | 290,000 | 279,000 | 142,000 | |||||
| Interest Receivable | 1,139,000 | 64,000 | 37,000 | 42,301,000 | 14,618,000 | 6,000 | 17,000 | 4,000 | 6,000 | 5,823 | 14,566 | 7,721 | 18,089 | |
| Pre-Tax Profit | 33,714,000 | 19,954,000 | 49,264,000 | 27,580,000 | 23,890,000 | 14,207,000 | 9,913,000 | 9,682,000 | 7,218,000 | 11,642,000 | 7,334,088 | 5,375,492 | 3,624,669 | 4,216,956 |
| Tax | 27,213,000 | 6,605,000 | -15,302,000 | -5,621,000 | 3,242,000 | -5,893,000 | -1,300,000 | 104,000 | -520,000 | -1,562,000 | -452,290 | -1,798,628 | 3,220,410 | -1,127,068 |
| Profit After Tax | 60,927,000 | 26,559,000 | 33,962,000 | 21,959,000 | 27,132,000 | 8,314,000 | 8,613,000 | 9,786,000 | 6,698,000 | 10,080,000 | 6,881,798 | 3,576,864 | 6,845,079 | 3,089,888 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 60,927,000 | 26,559,000 | 33,962,000 | 21,959,000 | 27,132,000 | 8,314,000 | 8,613,000 | 9,786,000 | 6,698,000 | 10,080,000 | 6,881,798 | 3,576,864 | 6,845,079 | 3,089,888 |
| Employee Costs | 322,765,000 | 254,820,000 | 160,022,000 | 116,020,000 | 85,592,000 | 69,732,000 | 53,250,000 | 45,762,000 | 35,935,000 | 33,130,000 | 24,888,899 | 18,612,640 | 16,753,595 | 13,907,266 |
| Number Of Employees | 6,311 | 4,353 | 2,952 | 2,255 | 1,480 | 1,332 | 1,052 | 929 | 734 | 585 | 473 | 353 | 319 | 290 |
| EBITDA* | 273,657,000 | 183,954,000 | 144,323,000 | 87,669,000 | 62,142,000 | 42,002,000 | 25,055,000 | 14,242,000 | 8,962,048 | 6,701,787 | 3,825,997 | 4,393,491 |
* 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 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,916,000 | 29,127,000 | 21,487,000 | 12,355,000 | 9,331,000 | 8,488,000 | 7,013,000 | 5,980,000 | 4,772,000 | 1,187,000 | 1,041,685 | 893,391 | 1,081,440 | 926,990 |
| Intangible Assets | 2,587,758,000 | 1,960,443,000 | 1,193,459,000 | 851,762,000 | 430,024,000 | 264,159,000 | 183,176,000 | 104,799,000 | 66,154,000 | 45,035,000 | 35,453,834 | 16,522,210 | 12,342,882 | 14,520,045 |
| Investments & Other | 128,735,000 | 2,419,000 | 2,089,000 | 613,000 | 1,242,000 | 970,000 | 280,000 | |||||||
| Debtors (Due After 1 year) | 2,325,915 | 2,304,665 | ||||||||||||
| Total Fixed Assets | 2,757,409,000 | 1,991,989,000 | 1,217,035,000 | 864,730,000 | 440,597,000 | 273,617,000 | 190,469,000 | 110,779,000 | 70,926,000 | 46,222,000 | 36,495,519 | 19,741,516 | 15,728,987 | 15,447,035 |
| Stock & work in progress | 16,000 | |||||||||||||
| Trade Debtors | 218,109,000 | 114,719,000 | 69,889,000 | 46,130,000 | 32,376,000 | 27,165,000 | 20,347,000 | 15,578,000 | 16,879,000 | 15,781,000 | 11,690,157 | 9,694,664 | 6,910,847 | 6,013,950 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 112,686,000 | 57,341,000 | 38,336,000 | 25,950,000 | 23,060,000 | 15,281,000 | 12,771,000 | 7,034,000 | 5,107,000 | 3,040,000 | 2,035,405 | 1,514,666 | 2,131,387 | 1,167,118 |
| Cash | 155,354,000 | 80,714,000 | 82,416,000 | 44,717,000 | 14,667,000 | 8,228,000 | 9,452,000 | 7,093,000 | 4,712,000 | 2,967,000 | 1,704,619 | 4,200,242 | 4,117,265 | 2,251,001 |
| misc current assets | ||||||||||||||
| total current assets | 486,149,000 | 252,774,000 | 190,641,000 | 116,797,000 | 70,103,000 | 50,674,000 | 42,570,000 | 29,705,000 | 26,714,000 | 21,788,000 | 15,430,181 | 15,409,572 | 13,159,499 | 9,432,069 |
| total assets | 3,243,558,000 | 2,244,763,000 | 1,407,676,000 | 981,527,000 | 510,700,000 | 324,291,000 | 233,039,000 | 140,484,000 | 97,640,000 | 68,010,000 | 51,925,700 | 35,151,088 | 28,888,486 | 24,879,104 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 86,331,000 | 46,015,000 | 8,273,000 | 5,910,000 | 5,765,000 | 6,325,000 | 3,432,000 | 1,520,000 | 34,387,000 | 1,643,000 | 1,329,194 | 662,813 | 1,125,062 | 579,623 |
| Group/Directors Accounts | 14,988,000 | 10,024,000 | 7,947,000 | 10,010,000 | 10,010,000 | |||||||||
| other short term finances | 25,070,000 | 29,636,000 | 17,634,000 | 6,992,000 | 17,789,000 | 12,528,000 | 12,115,000 | 9,383,000 | 3,593,000 | 1,041,362 | 1,084,021 | |||
| hp & lease commitments | 152,000 | 85,000 | 229,000 | 631,000 | 1,378,000 | 1,457,000 | 1,241,000 | 1,290,000 | ||||||
| other current liabilities | 360,226,000 | 274,461,000 | 208,609,000 | 138,209,000 | 84,875,000 | 60,258,000 | 53,275,000 | 33,103,000 | 24,847,000 | 19,432,148 | 14,826,601 | 11,609,385 | 12,647,712 | |
| total current liabilities | 486,767,000 | 360,221,000 | 242,692,000 | 161,752,000 | 119,817,000 | 80,568,000 | 70,063,000 | 45,296,000 | 34,387,000 | 30,083,000 | 21,802,704 | 16,573,435 | 12,734,447 | 13,227,335 |
| loans | 27,189,000 | 1,359,509,000 | 829,221,000 | 584,131,000 | 244,464,000 | 151,256,000 | 88,143,000 | 34,963,000 | 2,401,000 | 4,677,934 | 1,116,487 | |||
| hp & lease commitments | 273,000 | 417,000 | 234,000 | 997,000 | 973,000 | 1,316,000 | ||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 18,381,000 | 2,568,000 | ||||||||||||
| provisions | 224,965,000 | 181,275,000 | 128,949,000 | 75,137,000 | 35,082,000 | 22,259,000 | 13,653,000 | 7,276,000 | 3,068,000 | |||||
| total long term liabilities | 252,154,000 | 1,540,784,000 | 958,443,000 | 659,685,000 | 279,780,000 | 174,512,000 | 102,769,000 | 43,555,000 | 21,449,000 | 2,401,000 | 4,677,934 | 1,116,487 | 2,568,000 | |
| total liabilities | 738,921,000 | 1,901,005,000 | 1,201,135,000 | 821,437,000 | 399,597,000 | 255,080,000 | 172,832,000 | 88,851,000 | 55,836,000 | 32,484,000 | 26,480,638 | 16,573,435 | 13,850,934 | 15,795,335 |
| net assets | 2,504,637,000 | 343,758,000 | 206,541,000 | 160,090,000 | 111,103,000 | 69,211,000 | 60,207,000 | 51,633,000 | 41,804,000 | 35,526,000 | 25,445,062 | 18,577,653 | 15,037,552 | 9,083,769 |
| total shareholders funds | 2,504,637,000 | 343,758,000 | 206,541,000 | 160,090,000 | 111,103,000 | 69,211,000 | 60,207,000 | 51,633,000 | 41,804,000 | 35,526,000 | 25,445,062 | 18,577,653 | 15,037,552 | 9,083,769 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 35,872,000 | 22,491,000 | 50,414,000 | 29,187,000 | 25,626,000 | 15,447,000 | 10,197,000 | 11,636,000 | 7,328,265 | 5,360,926 | 3,616,948 | 4,198,867 | ||
| Depreciation | 9,002,000 | 8,010,000 | 5,553,000 | 4,015,000 | 3,849,000 | 3,136,000 | 2,768,000 | 2,482,000 | 1,021,000 | 438,000 | 324,600 | 245,042 | 209,049 | 194,624 |
| Amortisation | 228,783,000 | 153,453,000 | 88,356,000 | 54,467,000 | 32,667,000 | 23,419,000 | 12,090,000 | 8,567,000 | 6,372,000 | 2,168,000 | 1,309,183 | 1,095,819 | ||
| Tax | 27,213,000 | 6,605,000 | -15,302,000 | -5,621,000 | 3,242,000 | -5,893,000 | -1,300,000 | 104,000 | -520,000 | -1,562,000 | -452,290 | -1,798,628 | 3,220,410 | -1,127,068 |
| Stock | -16,000 | 16,000 | ||||||||||||
| Debtors | 158,735,000 | 63,835,000 | 36,145,000 | 16,644,000 | 12,990,000 | 9,328,000 | 10,506,000 | 626,000 | 3,165,000 | 5,095,438 | 190,317 | 2,188,346 | 4,165,831 | 7,181,068 |
| Creditors | 40,316,000 | 37,742,000 | 2,363,000 | 145,000 | -560,000 | 2,893,000 | 1,912,000 | -32,867,000 | 32,744,000 | 313,806 | 666,381 | -462,249 | 545,439 | 579,623 |
| Accruals and Deferred Income | 85,765,000 | 65,852,000 | 70,400,000 | 53,334,000 | 24,617,000 | 6,983,000 | 20,172,000 | 33,103,000 | -24,847,000 | 5,414,852 | 4,605,547 | 3,217,216 | -1,038,327 | 12,647,712 |
| Deferred Taxes & Provisions | 43,690,000 | 52,326,000 | 53,812,000 | 40,055,000 | 12,823,000 | 8,606,000 | 6,377,000 | 4,208,000 | 3,068,000 | |||||
| Cash flow from operations | 311,906,000 | 282,644,000 | 219,451,000 | 158,938,000 | 89,274,000 | 45,263,000 | 41,710,000 | 13,313,220 | 13,591,369 | 5,469,780 | 2,387,688 | 9,312,690 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | -80,880,000 | -73,577,000 | -534,222,000 | -244,598 | -278,980 | -542,247 | -1,022,906 | |||||||
| Change in Investments | 126,316,000 | 330,000 | 1,476,000 | -629,000 | 272,000 | 690,000 | 280,000 | |||||||
| cash flow from investments | -126,316,000 | -330,000 | -1,476,000 | 629,000 | -272,000 | -81,570,000 | -73,857,000 | -534,222,000 | -244,598 | -278,980 | -542,247 | -1,022,906 | ||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 4,964,000 | 2,077,000 | -2,063,000 | 10,010,000 | ||||||||||
| Other Short Term Loans | -4,566,000 | 12,002,000 | 10,642,000 | -10,797,000 | 5,261,000 | 413,000 | 2,732,000 | 9,383,000 | -3,593,000 | 2,551,638 | -42,659 | 1,084,021 | ||
| Long term loans | -1,332,320,000 | 530,288,000 | 245,090,000 | 339,667,000 | 93,208,000 | 63,113,000 | 53,180,000 | 34,963,000 | -2,401,000 | -2,276,934 | 4,677,934 | -1,116,487 | 1,116,487 | |
| Hire Purchase and Lease Commitments | 67,000 | -417,000 | -546,000 | -564,000 | -842,000 | 240,000 | -392,000 | 2,606,000 | ||||||
| other long term liabilities | -18,381,000 | 18,381,000 | -2,568,000 | 2,568,000 | ||||||||||
| share issue | ||||||||||||||
| interest | -2,158,000 | -2,572,000 | -1,254,000 | -1,607,000 | -1,736,000 | -1,240,000 | -284,000 | -262,000 | -138,000 | 6,000 | 5,823 | 14,566 | 7,721 | 18,089 |
| cash flow from financing | 765,939,000 | 652,036,000 | 264,358,000 | 353,727,000 | 120,661,000 | 63,216,000 | 55,197,000 | 28,352,000 | 11,829,000 | 281,642 | 4,626,709 | -54,663 | -2,335,088 | 8,579,970 |
| cash and cash equivalents | ||||||||||||||
| cash | 74,640,000 | -1,702,000 | 37,699,000 | 30,050,000 | 6,439,000 | -1,224,000 | 2,359,000 | 2,381,000 | 1,745,000 | 1,262,381 | -2,495,623 | 82,977 | 1,866,264 | 2,251,001 |
| overdraft | ||||||||||||||
| change in cash | 74,640,000 | -1,702,000 | 37,699,000 | 30,050,000 | 6,439,000 | -1,224,000 | 2,359,000 | 2,381,000 | 1,745,000 | 1,262,381 | -2,495,623 | 82,977 | 1,866,264 | 2,251,001 |
access technology group limited Credit Report and Business Information
Access Technology Group Limited Competitor Analysis
Perform a competitor analysis for access technology group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in LE11 area or any other competitors across 12 key performance metrics.
access technology group limited Ownership
ACCESS TECHNOLOGY GROUP LIMITED group structure
Access Technology Group Limited has 5 subsidiary companies.
Ultimate parent company
ASYST TOPCO LTD
#0153294
2 parents
ACCESS TECHNOLOGY GROUP LIMITED
05575609
5 subsidiaries
access technology group limited directors
Access Technology Group Limited currently has 6 directors. The longest serving directors include Mr Christopher Bayne (Apr 2008) and Mr Michael Audis (Feb 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Bayne | England | 54 years | Apr 2008 | - | Director |
| Mr Michael Audis | England | 53 years | Feb 2010 | - | Director |
| Mr Jonathan Jorgensen | England | 46 years | Sep 2010 | - | Director |
| Mr Adam Brown | England | 61 years | Sep 2011 | - | Director |
| Mr David England | 63 years | Jan 2016 | - | Director | |
| Mr Robert Binns | United Kingdom | 56 years | Jun 2019 | - | Director |
P&L
June 2023turnover
849.4m
+37%
operating profit
35.9m
+59%
gross margin
80.1%
+3.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
2.5b
+6.29%
total assets
3.2b
+0.44%
cash
155.4m
+0.92%
net assets
Total assets minus all liabilities
access technology group limited company details
company number
05575609
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
September 2005
age
20
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
access accounting software limited (January 2006)
accountant
-
auditor
DELOITTE LLP
address
armstrong building, oakwood drive, loughborough, LE11 3QF
Bank
LLOYDS TSB BANK PLC
Legal Advisor
TRAVERS SMITH LLP
access technology group 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 12 charges/mortgages relating to access technology group limited. Currently there are 1 open charges and 11 have been satisfied in the past.
access technology group 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 ACCESS TECHNOLOGY GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
access technology group limited Companies House Filings - See Documents
| date | description | view/download |
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