florisoft limited

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florisoft limited Company Information

Share FLORISOFT LIMITED

Company Number

05882885

Directors

Mark Bennett

James Robson

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Shareholders

mark bennett

sally bennett

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Group Structure

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Industry

Other software publishing

 

Registered Address

old house gardens, hurworth, darlington, county durham, DL2 2JD

florisoft limited Estimated Valuation

£512k

Pomanda estimates the enterprise value of FLORISOFT LIMITED at £512k based on a Turnover of £378.5k and 1.35x industry multiple (adjusted for size and gross margin).

florisoft limited Estimated Valuation

£84.1k

Pomanda estimates the enterprise value of FLORISOFT LIMITED at £84.1k based on an EBITDA of £15.8k and a 5.34x industry multiple (adjusted for size and gross margin).

florisoft limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FLORISOFT LIMITED at £0 based on Net Assets of £-76.7k and 2.24x industry multiple (adjusted for liquidity).

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Florisoft Limited Overview

Florisoft Limited is a live company located in darlington, DL2 2JD with a Companies House number of 05882885. It operates in the other software publishing sector, SIC Code 58290. Founded in July 2006, it's largest shareholder is mark bennett with a 35% stake. Florisoft Limited is a established, micro sized company, Pomanda has estimated its turnover at £378.5k with declining growth in recent years.

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Florisoft Limited Health Check

Pomanda's financial health check has awarded Florisoft Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £378.5k, make it smaller than the average company (£5.7m)

£378.5k - Florisoft Limited

£5.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.8%)

-9% - Florisoft Limited

7.8% - Industry AVG

production

Production

with a gross margin of 74.4%, this company has a comparable cost of product (74.4%)

74.4% - Florisoft Limited

74.4% - Industry AVG

profitability

Profitability

an operating margin of -3.2% make it less profitable than the average company (3.5%)

-3.2% - Florisoft Limited

3.5% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (41)

5 - Florisoft Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £85.8k, the company has an equivalent pay structure (£85.8k)

£85.8k - Florisoft Limited

£85.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £75.7k, this is less efficient (£158.1k)

£75.7k - Florisoft Limited

£158.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (60 days)

2 days - Florisoft Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 265 days, this is slower than average (36 days)

265 days - Florisoft Limited

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Florisoft Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Florisoft Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 129.3%, this is a higher level of debt than the average (60%)

129.3% - Florisoft Limited

60% - Industry AVG

FLORISOFT LIMITED financials

EXPORTms excel logo

Florisoft Limited's latest turnover from December 2023 is estimated at £378.5 thousand and the company has net assets of -£76.7 thousand. According to their latest financial statements, Florisoft Limited has 5 employees and maintains cash reserves of £1.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover378,487587,667542,719494,612470,355336,498322,48388,74964,49516,91115,7998,20828,91441,777
Other Income Or Grants
Cost Of Sales96,760160,030154,238159,336153,235112,150102,85124,85221,2905,2215,3452,4508,59211,870
Gross Profit281,726427,637388,482335,277317,119224,348219,63263,89743,20511,69110,4545,75820,32229,908
Admin Expenses293,723434,690413,305331,227326,901234,898206,97167,68247,728-5,2462,357-5,74121,86040,3404,713
Operating Profit-11,997-7,053-24,8234,050-9,782-10,55012,661-3,785-4,52316,9378,09711,499-1,538-10,432-4,713
Interest Payable22,62610,257456
Interest Receivable6762,63519716321276715532344
Pre-Tax Profit-33,947-14,675-25,0824,067-9,750-10,42312,728-3,770-4,47016,9618,09711,499-1,538-10,428-4,709
Tax-773-2,418-3,562-1,862-2,760
Profit After Tax-33,947-14,675-25,0823,294-9,750-10,42310,310-3,770-4,47013,3996,2358,739-1,538-10,428-4,709
Dividends Paid
Retained Profit-33,947-14,675-25,0823,294-9,750-10,42310,310-3,770-4,47013,3996,2358,739-1,538-10,428-4,709
Employee Costs429,006631,786581,035498,060417,969337,678348,34264,94561,36461,39259,63158,25058,75058,129
Number Of Employees58876551111111
EBITDA*15,7666,501-15,01513,962-7,692-8,01412,661-3,785-2,17919,0139,09412,96759-8,792-3,072

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets12,43515,41519,1961,4973,2094,7153,8845,7035,6686,6132,6691,4982,8861,9733,190
Intangible Assets221,274186,098135,12773,80082,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets233,709201,513154,32375,29785,2094,7153,8845,7035,6686,6132,6691,4982,8861,9733,190
Stock & work in progress
Trade Debtors2,2605,3853,5534,34319,0406,2844,47016,02411,1542,7552,6589994,8567,557914
Group Debtors
Misc Debtors24,61342,3661,8973,424
Cash1,60124,143126,45531,2401,4167,00926,98211,9969,363111,645
misc current assets
total current assets28,47471,894131,90535,58320,45613,29331,45216,02423,15015,5422,6699994,8567,5572,559
total assets262,183273,407286,228110,880105,66518,00835,33621,72728,81822,1555,3382,4977,7429,5305,749
Bank overdraft33,53217,5201,080
Bank loan
Trade Creditors 70,49963,47169,59085,220111,97014,56321,46818,26918,2108,9816,2559,65015,73724,56710,358
Group/Directors Accounts52,01042,01037,1212,146
other short term finances
hp & lease commitments
other current liabilities13,5379,3304,110
total current liabilities169,578132,331111,90185,220111,97014,56321,46818,26920,3568,9816,2559,65015,73724,56710,358
loans167,343183,84413,500
hp & lease commitments
Accruals and Deferred Income53368683998
other liabilities188,92028,6717,582
provisions1,9771,1341,323316
total long term liabilities169,320183,844202,42028,6711,1341,3766846838,580
total liabilities338,898316,175314,321113,891111,97014,56321,46818,26921,49010,3576,93910,33324,31724,56710,358
net assets-76,715-42,768-28,093-3,011-6,3053,44513,8683,4587,32811,798-1,601-7,836-16,575-15,037-4,609
total shareholders funds-76,715-42,768-28,093-3,011-6,3053,44513,8683,4587,32811,798-1,601-7,836-16,575-15,037-4,609
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-11,997-7,053-24,8234,050-9,782-10,55012,661-3,785-4,52316,9378,09711,499-1,538-10,432-4,713
Depreciation4,0235,3541,6081,7122,0902,5362,3442,0769971,4681,5971,6401,641
Amortisation23,7408,2008,2008,200
Tax-773-2,418-3,562-1,862-2,760
Stock
Debtors-20,87842,3011,107-14,69712,7561,814-11,5544,8704,9753,5211,659-3,857-2,7016,643914
Creditors7,028-6,119-15,630-26,75097,407-6,9053,199599,2292,726-3,395-6,087-8,83014,20910,358
Accruals and Deferred Income4,2075,2204,110-53-315-315-315998
Deferred Taxes & Provisions1,977-1,134-1891,007316
Cash flow from operations49,856-36,699-27,6421,13676,959-16,73324,996-9,7301,83315,3482,1797,662-5,072-1,2266,372
Investing Activities
capital expenditure-59,959-60,744-88,834-82,584-3,3671,819-35-1,399-6,020-2,168-80-2,510-423-4,831
Change in Investments
cash flow from investments-59,959-60,744-88,834-82,584-3,3671,819-35-1,399-6,020-2,168-80-2,510-423-4,831
Financing Activities
Bank loans
Group/Directors Accounts10,0004,88937,121-2,1462,146
Other Short Term Loans
Long term loans-16,501170,34413,500
Hire Purchase and Lease Commitments
other long term liabilities-188,920160,24928,671-7,5827,582
share issue100-100100
interest-21,950-7,622-25916321276715532344
cash flow from financing-28,451-21,309210,61128,68732127167-2,2312,19923-7,5827,5824104
cash and cash equivalents
cash-22,542-102,31295,21529,824-5,593-19,97326,982-11,9962,6339,35211-1,6451,645
overdraft16,01216,4401,080
change in cash-38,554-118,75294,13529,824-5,593-19,97326,982-11,9962,6339,35211-1,6451,645

florisoft 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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Florisoft Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for florisoft limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in DL2 area or any other competitors across 12 key performance metrics.

florisoft limited Ownership

FLORISOFT LIMITED group structure

Florisoft Limited has no subsidiary companies.

Ultimate parent company

FLORISOFT LIMITED

05882885

FLORISOFT LIMITED Shareholders

mark bennett 35%
sally bennett 25%
katie louise bennett 20%
amy rachael bennett 20%

florisoft limited directors

Florisoft Limited currently has 4 directors. The longest serving directors include Mr Mark Bennett (Jul 2006) and Mr James Robson (Oct 2021).

officercountryagestartendrole
Mr Mark BennettUnited Kingdom62 years Jul 2006- Director
Mr James RobsonUnited Kingdom64 years Oct 2021- Director
Miss Amy BennettEngland32 years Mar 2022- Director
Miss Katie BennettEngland34 years Mar 2022- Director

P&L

December 2023

turnover

378.5k

-36%

operating profit

-12k

0%

gross margin

74.5%

+2.29%

turnover

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

Balance Sheet

December 2023

net assets

-76.7k

+0.79%

total assets

262.2k

-0.04%

cash

1.6k

-0.93%

net assets

Total assets minus all liabilities

florisoft limited company details

company number

05882885

Type

Private limited with Share Capital

industry

58290 - Other software publishing

incorporation date

July 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

CLIVE OWEN LLP

auditor

-

address

old house gardens, hurworth, darlington, county durham, DL2 2JD

Bank

-

Legal Advisor

-

florisoft 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 1 charges/mortgages relating to florisoft limited. Currently there are 1 open charges and 0 have been satisfied in the past.

florisoft 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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florisoft limited Companies House Filings - See Documents

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