third financial software limitedEstimated Valuation
£16.7m
Pomanda estimates the enterprise value of THIRD FINANCIAL SOFTWARE LIMITED at £16.7m based on a Turnover of £14.6m and 1.14x industry multiple (adjusted for size and gross margin).
third financial software limitedEstimated Valuation
£36.7m
Pomanda estimates the enterprise value of THIRD FINANCIAL SOFTWARE LIMITED at £36.7m based on an EBITDA of £5m and a 7.37x industry multiple (adjusted for size and gross margin).
third financial software limitedEstimated Valuation
£25.2m
Pomanda estimates the enterprise value of THIRD FINANCIAL SOFTWARE LIMITED at £25.2m based on Net Assets of £11.6m and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Third Financial Software LimitedOverview
Third Financial Software Limited is a live company located in london, EC3V 9DU with a Companies House number of 06448163. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2007, it's largest shareholder is
nucleus financial platform limited
with a 100% stake. Third Financial Software Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£14.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Third Financial Software Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
3 Regular
0 Weak
Size
annual sales of £14.6m, make it larger than the average company (£7.4m)
£14.6m - Third Financial Software Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (8%)
35% - Third Financial Software Limited
8% - Industry AVG
Production
with a gross margin of 70.3%, this company has a lower cost of product (51.3%)
70.3% - Third Financial Software Limited
51.3% - Industry AVG
Profitability
an operating margin of 22.2% make it more profitable than the average company (3.5%)
22.2% - Third Financial Software Limited
3.5% - Industry AVG
Employees
with 95 employees, this is above the industry average (44)
95 - Third Financial Software Limited
44 - Industry AVG
Pay Structure
on an average salary of £78.2k, the company has an equivalent pay structure (£74.4k)
£78.2k - Third Financial Software Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £153.7k, this is equally as efficient (£178.8k)
£153.7k - Third Financial Software Limited
£178.8k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (52 days)
31 days - Third Financial Software Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (33 days)
32 days - Third Financial Software Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Third Financial Software Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 134 weeks, this is more cash available to meet short term requirements (14 weeks)
134 weeks - Third Financial Software Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.8%, this is a lower level of debt than the average (64.2%)
25.8% - Third Financial Software Limited
64.2% - Industry AVG
THIRD FINANCIAL SOFTWARE LIMITED financials
EXPORT
Third Financial Software Limited's latest turnover from December 2023 is £14.6 million and the company has net assets of £11.6 million. According to their latest financial statements, Third Financial Software Limited has 95 employees and maintains cash reserves of £9.6 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
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
14,599,676
11,023,265
8,249,958
5,961,432
5,243,694
4,592,187
3,924,229
4,009,448
4,469,573
3,918,932
4,173,053
3,195,845
2,608,632
1,696,928
923,524
Other Income Or Grants
Cost Of Sales
4,343,617
3,727,463
3,162,070
2,777,004
2,423,786
1,963,586
2,040,603
2,166,394
1,800,641
1,847,976
1,964,584
1,525,950
644,566
505,545
392,762
Gross Profit
10,256,059
7,295,802
5,087,888
3,184,428
2,819,908
2,628,601
1,883,626
1,843,054
2,668,932
2,070,956
2,208,469
1,669,895
1,964,066
1,191,383
530,762
Admin Expenses
7,018,907
5,282,543
4,217,461
2,992,368
2,817,212
3,607,758
2,646,671
2,951,312
2,563,930
1,229,446
1,864,577
1,385,012
1,882,426
971,452
538,870
Operating Profit
3,237,152
2,013,259
870,427
192,060
2,696
-979,157
-763,045
-1,108,258
105,002
841,510
343,892
284,883
81,640
219,931
-8,108
Interest Payable
13,920
51,900
70,110
75,903
19,708
2,085
13,072
19,652
20,244
28,156
43,470
Interest Receivable
254,590
18,909
132
4,915
1,168
8
1,596
2,212
1,537
1,483
Pre-Tax Profit
3,491,742
2,032,168
856,639
145,075
-66,246
-1,055,060
-946,745
-1,261,240
-8,574
843,723
345,429
266,714
61,396
192,478
-51,578
Tax
-590,321
-4,798
512,044
235,910
399,849
373,777
341,102
380,840
271,680
-177,182
-79,449
-64,011
Profit After Tax
2,901,421
2,027,370
1,368,683
380,985
333,603
-681,283
-605,643
-880,400
263,106
666,541
265,980
202,703
61,396
192,478
-51,578
Dividends Paid
Retained Profit
2,901,421
2,027,370
1,368,683
379,173
290,385
-675,197
-605,643
-880,400
263,106
666,541
265,980
202,703
61,396
192,478
-51,578
Employee Costs
7,426,939
6,269,582
4,745,353
3,715,680
2,220,117
2,334,630
1,352,845
1,899,745
1,341,565
1,421,601
1,499,485
1,160,377
936,777
599,389
Number Of Employees
95
84
62
51
46
44
42
49
40
26
28
22
18
12
EBITDA*
4,976,125
3,411,065
2,154,858
1,384,816
1,154,039
38,868
-642,595
-994,133
200,881
1,788,286
1,093,231
912,917
566,765
630,906
242,078
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
43,009
46,229
51,257
11,328
39,562
79,888
117,386
109,132
97,023
24,620
27,836
26,094
37,216
19,816
32,644
Intangible Assets
4,390,025
3,693,342
2,929,210
2,492,425
2,334,015
2,312,052
1,903,256
1,668,142
1,359,823
1,233,406
1,074,864
687,252
583,711
408,223
332,411
Investments & Other
18,613
73,067
Debtors (Due After 1 year)
Total Fixed Assets
4,433,034
3,739,571
2,980,467
2,503,753
2,392,190
2,465,007
2,020,642
1,777,274
1,456,846
1,258,026
1,102,700
713,346
620,927
428,039
365,055
Stock & work in progress
Trade Debtors
1,242,668
1,277,430
1,133,042
725,356
736,312
349,858
618,560
371,560
600,817
588,430
602,292
453,573
660,863
337,109
210,298
Group Debtors
Misc Debtors
382,717
957,320
745,146
158,908
545,178
658,088
553,778
562,701
447,096
48,175
21,273
15,414
Cash
9,563,751
5,695,238
4,517,536
4,412,390
2,943,256
1,514,335
1,565,582
1,013,032
629,786
543,909
341,030
273,659
319,721
491,951
236,992
misc current assets
total current assets
11,189,136
7,929,988
6,395,724
5,296,654
4,224,746
2,522,281
2,737,920
1,947,293
1,677,699
1,132,339
943,322
727,232
1,028,759
850,333
462,704
total assets
15,622,170
11,669,559
9,376,191
7,800,407
6,616,936
4,987,288
4,758,562
3,724,567
3,134,545
2,390,365
2,046,022
1,440,578
1,649,686
1,278,372
827,759
Bank overdraft
Bank loan
62,500
Trade Creditors
385,365
376,097
402,413
264,949
271,260
173,703
149,037
211,554
194,082
1,100,505
1,196,434
859,154
90,176
41,515
28,659
Group/Directors Accounts
99
101
136
111,000
other short term finances
14,073
290,298
419,952
500,937
312,767
50,000
60,000
60,000
hp & lease commitments
338
276
444
1,862
other current liabilities
3,314,738
2,614,440
2,318,930
1,709,043
2,007,692
1,252,487
1,016,940
1,022,398
1,019,446
1,074,945
637,699
279,087
total current liabilities
3,700,103
2,990,537
2,735,416
2,326,790
2,699,242
2,312,099
1,479,188
1,234,051
1,263,629
1,100,505
1,196,434
859,154
1,225,257
850,214
309,608
loans
201,573
303,061
597,166
660,985
544,681
609,806
883,923
hp & lease commitments
1,306
1,849
8,354
Accruals and Deferred Income
other liabilities
266,000
492,269
498,973
provisions
325,038
5,711
22,060
296,886
total long term liabilities
325,038
5,711
223,633
599,947
897,827
662,834
266,000
492,269
498,973
544,681
609,806
892,277
total liabilities
4,025,141
2,990,537
2,741,127
2,550,423
3,299,189
3,209,926
2,142,022
1,234,051
1,263,629
1,366,505
1,688,703
1,358,127
1,769,938
1,460,020
1,201,885
net assets
11,597,029
8,679,022
6,635,064
5,249,984
3,317,747
1,777,362
2,614,873
2,490,516
1,870,916
1,023,860
357,319
82,451
-120,252
-181,648
-374,126
total shareholders funds
11,597,029
8,679,022
6,635,064
5,249,984
3,317,747
1,777,362
2,614,873
2,490,516
1,870,916
1,023,860
357,319
82,451
-120,252
-181,648
-374,126
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
3,237,152
2,013,259
870,427
192,060
2,696
-979,157
-763,045
-1,108,258
105,002
841,510
343,892
284,883
81,640
219,931
-8,108
Depreciation
43,961
44,830
25,185
42,468
43,980
57,405
54,450
48,125
29,879
18,867
20,174
21,042
19,925
17,028
12,825
Amortisation
1,695,012
1,352,976
1,259,246
1,150,288
1,107,363
960,620
66,000
66,000
66,000
927,909
729,165
606,992
465,200
393,947
237,361
Tax
-590,321
-4,798
512,044
235,910
399,849
373,777
341,102
380,840
271,680
-177,182
-79,449
-64,011
Stock
Debtors
-609,365
356,562
993,924
-397,226
273,544
-164,392
238,077
-113,652
459,483
-13,862
148,719
-255,465
350,656
132,670
225,712
Creditors
9,268
-26,316
137,464
-6,311
97,557
24,666
-62,517
17,472
-906,423
-95,929
337,280
768,978
48,661
12,856
28,659
Accruals and Deferred Income
700,298
295,510
609,887
-298,649
755,205
235,547
-5,458
2,952
1,019,446
-1,074,945
437,246
358,612
279,087
Deferred Taxes & Provisions
325,038
-5,711
-16,349
-274,826
296,886
Cash flow from operations
6,029,773
3,313,188
2,403,980
1,438,166
2,429,992
837,250
-607,545
-479,217
126,101
1,529,037
1,202,343
798,404
702,016
869,704
324,112
Investing Activities
capital expenditure
-1,389,322
-969,996
-1,068,553
-917,698
-1,102,102
-1,138,693
-720,453
-678,013
-473,959
-615,241
Change in Investments
-18,613
-54,454
73,067
cash flow from investments
18,613
54,454
-1,462,389
-969,996
-1,068,553
-917,698
-1,102,102
-1,138,693
-720,453
-678,013
-473,959
-615,241
Financing Activities
Bank loans
-62,500
62,500
Group/Directors Accounts
-99
-2
101
-136
-110,864
111,000
Other Short Term Loans
-14,073
-276,225
-129,654
-80,985
188,170
312,767
-50,000
50,000
-60,000
60,000
Long term loans
-201,573
-101,488
-294,105
-63,819
660,985
-544,681
-65,125
-274,117
883,923
Hire Purchase and Lease Commitments
-338
-1,244
-711
2,293
-10,216
10,216
other long term liabilities
-266,000
-226,269
-6,704
498,973
share issue
16,586
16,588
16,397
1,553,064
1,250,000
-162,314
730,000
1,500,000
583,950
8,888
-322,548
interest
254,590
18,909
-13,788
-46,985
-68,942
-75,903
-19,700
-489
-13,072
2,212
1,537
-18,169
-20,244
-28,156
-43,470
cash flow from financing
271,176
21,424
-537,689
1,337,099
804,724
-114,577
1,686,246
1,449,509
354,979
-224,057
3,721
-124,013
-196,233
-141,489
528,121
cash and cash equivalents
cash
3,868,513
1,177,702
105,146
1,469,134
1,428,921
-51,247
552,550
383,246
85,877
202,879
67,371
-46,062
-172,230
254,959
236,992
overdraft
change in cash
3,868,513
1,177,702
105,146
1,469,134
1,428,921
-51,247
552,550
383,246
85,877
202,879
67,371
-46,062
-172,230
254,959
236,992
third financial software limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for third financial software limited. Get real-time insights into third financial software limited's credit score, group structure and payment trends.
Third Financial Software Limited Competitor Analysis
Perform a competitor analysis for third financial software limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.
third financial software limited Ownership
THIRD FINANCIAL SOFTWARE LIMITED group structure
Third Financial Software Limited has 3 subsidiary companies.
The sole shareholder of Third Financial Software Limited is Nucleus Financial Platform Limited.
nucleus financial platform limited
100%
third financial software limited directors
Third Financial Software Limited currently has 4 directors.
The longest serving directors include
Mr Michael Scott (Oct 2019) and
Mr Michael Regan (Jun 2024).
62090 - Other information technology and computer service activities
incorporation date
December 2007
age
18
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
birchin court birchin lane, london, EC3V 9DU
Bank
-
Legal Advisor
-
third financial software 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 5 charges/mortgages relating to third financial software limited. Currently there are 0 open charges and 5 have been satisfied in the past.
third financial software 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 THIRD FINANCIAL SOFTWARE LIMITED. This can take several minutes, an email will notify you when this has completed.
third financial software limitedCompanies House Filings - See Documents
