backoffice associates europe (uk) limited
backoffice associates europe (uk) limited Company Information
Company Number
06518181
Next Accounts
Sep 2025
Industry
Other information technology and computer service activities
Shareholders
backoffice associates llc
Group Structure
View All
Contact
Registered Address
6th floor 60 gracechurch street, london, EC3V 0HR
Website
http://www.syniti.combackoffice associates europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED at £38.3m based on a Turnover of £35.9m and 1.07x industry multiple (adjusted for size and gross margin).
backoffice associates europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED at £1.4m based on an EBITDA of £202.3k and a 7.14x industry multiple (adjusted for size and gross margin).
backoffice associates europe (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED at £0 based on Net Assets of £-11.8m and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Backoffice Associates Europe (uk) Limited Overview
Backoffice Associates Europe (uk) Limited is a live company located in london, EC3V 0HR with a Companies House number of 06518181. It operates in the other information technology service activities sector, SIC Code 62090. Founded in February 2008, it's largest shareholder is backoffice associates llc with a 100% stake. Backoffice Associates Europe (uk) Limited is a established, large sized company, Pomanda has estimated its turnover at £35.9m with healthy growth in recent years.
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Backoffice Associates Europe (uk) Limited Health Check
Pomanda's financial health check has awarded Backoffice Associates Europe (Uk) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £35.9m, make it larger than the average company (£7.3m)
£35.9m - Backoffice Associates Europe (uk) Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (8%)
13% - Backoffice Associates Europe (uk) Limited
8% - Industry AVG
Production
with a gross margin of 29.5%, this company has a higher cost of product (51.7%)
29.5% - Backoffice Associates Europe (uk) Limited
51.7% - Industry AVG
Profitability
an operating margin of -4% make it less profitable than the average company (3.5%)
-4% - Backoffice Associates Europe (uk) Limited
3.5% - Industry AVG
Employees
with 209 employees, this is above the industry average (43)
209 - Backoffice Associates Europe (uk) Limited
43 - Industry AVG
Pay Structure
on an average salary of £108.4k, the company has a higher pay structure (£74.2k)
£108.4k - Backoffice Associates Europe (uk) Limited
£74.2k - Industry AVG
Efficiency
resulting in sales per employee of £171.7k, this is equally as efficient (£177.9k)
£171.7k - Backoffice Associates Europe (uk) Limited
£177.9k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (52 days)
66 days - Backoffice Associates Europe (uk) Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (33 days)
1 days - Backoffice Associates Europe (uk) Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Backoffice Associates Europe (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Backoffice Associates Europe (uk) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 156.5%, this is a higher level of debt than the average (64.7%)
156.5% - Backoffice Associates Europe (uk) Limited
64.7% - Industry AVG
BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED financials
Backoffice Associates Europe (Uk) Limited's latest turnover from December 2023 is £35.9 million and the company has net assets of -£11.8 million. According to their latest financial statements, Backoffice Associates Europe (Uk) Limited has 209 employees and maintains cash reserves of £2.3 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 | 35,879,461 | 33,835,402 | 27,103,965 | 24,799,728 | 28,064,571 | 24,268,225 | 23,655,482 | 22,101,654 | 1,105,049 | 3,356,615 | 3,834,918 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 25,305,914 | 24,673,226 | 20,595,898 | 19,485,764 | 20,724,306 | 19,456,502 | 20,365,322 | 15,250,014 | 747,450 | 2,390,313 | 2,427,904 | ||||
| Gross Profit | 10,573,547 | 9,162,176 | 6,508,067 | 5,313,964 | 7,340,265 | 4,811,723 | 3,290,160 | 6,851,640 | 357,599 | 966,302 | 1,407,014 | ||||
| Admin Expenses | 12,020,184 | 12,888,351 | 8,199,237 | 8,306,435 | 8,091,846 | 7,808,832 | 7,905,766 | 8,487,859 | 710,350 | 626,969 | |||||
| Operating Profit | -1,446,637 | -3,726,175 | -1,691,170 | -2,992,471 | -751,581 | -2,997,109 | -4,615,606 | -1,636,219 | 255,952 | 780,045 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 4 | 0 | 649 | 0 | 0 | 0 | 0 | ||||
| Interest Receivable | 431 | 5 | 83 | 0 | 981 | 1,327 | 50 | 0 | 513,943 | 0 | 861 | ||||
| Pre-Tax Profit | -1,700,905 | -6,692,814 | -1,691,087 | -2,992,471 | -750,604 | -2,997,104 | -4,614,928 | -1,636,169 | 7,241 | 769,895 | 780,045 | ||||
| Tax | -172,926 | -463,360 | -157,190 | 146,406 | 52,325 | 21,322 | 73,694 | 21,118 | 24 | -56,454 | -191,911 | 0 | |||
| Profit After Tax | -1,873,831 | -7,156,174 | -1,848,277 | -2,846,065 | -698,279 | -2,975,782 | -4,541,234 | -1,615,051 | 7,265 | 713,441 | 588,134 | 0 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -1,873,831 | -7,156,174 | -1,848,277 | -2,846,065 | -698,279 | -2,975,782 | -4,541,234 | -1,615,051 | 7,265 | 713,441 | 588,134 | 0 | |||
| Employee Costs | 22,652,372 | 22,798,412 | 22,860,535 | 18,601,991 | 18,266,949 | 17,711,423 | 15,829,739 | 11,388,334 | 439,054 | 257,005 | |||||
| Number Of Employees | 209 | 222 | 210 | 183 | 172 | 48 | 139 | 124 | 5 | 17 | 18 | ||||
| EBITDA* | 202,268 | -244,845 | -716,781 | -2,060,555 | 466,432 | -2,914,890 | -3,380,812 | -565,321 | 255,952 | 780,045 |
* 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 | 154,449 | 204,964 | 232,337 | 112,649 | 146,301 | 249,409 | 128,557 | 79,552 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6,986,248 | 8,458,878 | 11,749,631 | 3,895,666 | 4,740,795 | 5,855,397 | 6,990,830 | 7,662,428 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,703,386 | 6,670,966 | 6,147,538 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 233,183 | 240,691 | 169,867 | 209,336 | 209,336 | 0 | 86,656 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,373,880 | 8,904,533 | 12,151,835 | 4,217,651 | 5,096,432 | 6,104,806 | 7,206,043 | 7,741,980 | 6,703,386 | 6,670,966 | 6,147,538 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,501,745 | 6,906,991 | 5,141,667 | 4,747,185 | 3,707,100 | 3,879,068 | 4,741,433 | 3,580,732 | 0 | 0 | 0 | 1,929,357 | 1,009,344 | 646,058 | 1,978,537 |
| Group Debtors | 564,813 | 1,668,689 | 729,435 | 5,263,948 | 1,069,685 | 0 | 0 | 0 | 175,001 | 159,369 | 148,036 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,075,468 | 2,751,468 | 3,311,508 | 2,442,965 | 2,983,978 | 0 | 3,586,482 | 982,706 | 5,072 | 1,249 | 347 | 0 | 0 | 0 | 0 |
| Cash | 2,270,714 | 1,748,448 | 2,144,583 | 1,390,654 | 1,089,622 | 1,153,706 | 1,752,119 | 666,854 | 15,404 | 97,505 | 266,503 | 331,040 | 437,974 | 270,894 | 143,500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 13,412,740 | 13,075,596 | 11,327,193 | 13,844,752 | 8,850,385 | 16,054,050 | 10,080,034 | 5,230,292 | 195,477 | 258,123 | 414,886 | 2,260,397 | 1,447,318 | 916,952 | 2,122,037 |
| total assets | 20,786,620 | 21,980,129 | 23,479,028 | 18,062,403 | 13,946,817 | 22,158,856 | 17,286,077 | 12,972,272 | 6,898,863 | 6,929,089 | 6,562,424 | 2,260,397 | 1,447,318 | 916,952 | 2,122,037 |
| 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 | 100,664 | 234,752 | 534,178 | 556,950 | 880,588 | 1,258,429 | 1,118,257 | 421,590 | 0 | 56,153 | 35,692 | 842,489 | 745,321 | 764,299 | 661,284 |
| Group/Directors Accounts | 24,753,216 | 24,469,526 | 16,355,840 | 19,268,193 | 16,895,773 | 0 | 15,604,103 | 7,306,391 | 2,991,467 | 1,218,485 | 725,755 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 22,582,526 | 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 | 7,612,066 | 6,646,959 | 8,687,623 | 7,359,355 | 2,318,341 | 0 | 3,075,566 | 4,123,396 | 589,998 | 1,765,090 | 2,186,993 | 0 | 0 | 0 | 0 |
| total current liabilities | 32,465,946 | 31,351,237 | 25,577,641 | 27,184,498 | 20,094,702 | 27,455,685 | 19,797,926 | 11,851,377 | 3,581,465 | 3,039,728 | 2,948,440 | 842,489 | 745,321 | 764,299 | 661,284 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 579,228 | 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 | 1,017,292 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 202,188 | 374,203 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 72,967 | 865,434 | 947,395 | 0 | 11,879 | 0 | 78,958 | 111,233 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 72,967 | 865,434 | 947,395 | 0 | 11,879 | 40,694 | 281,146 | 485,436 | 0 | 579,228 | 1,017,292 | 0 | 0 | 0 | 0 |
| total liabilities | 32,538,913 | 32,216,671 | 26,525,036 | 27,184,498 | 20,106,581 | 27,496,379 | 20,079,072 | 12,336,813 | 3,581,465 | 3,618,956 | 3,965,732 | 842,489 | 745,321 | 764,299 | 661,284 |
| net assets | -11,752,293 | -10,236,542 | -3,046,008 | -9,122,095 | -6,159,764 | -5,337,523 | -2,792,995 | 635,459 | 3,317,398 | 3,310,133 | 2,596,692 | 1,417,908 | 701,997 | 152,653 | 1,460,753 |
| total shareholders funds | -11,752,293 | -10,236,542 | -3,046,008 | -9,122,095 | -6,159,764 | -5,337,523 | -2,792,995 | 635,459 | 3,317,398 | 3,310,133 | 2,596,692 | 1,417,908 | 701,997 | 152,653 | 1,460,753 |
| 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 | -1,446,637 | -3,726,175 | -1,691,170 | -2,992,471 | -751,581 | -2,997,109 | -4,615,606 | -1,636,219 | 255,952 | 780,045 | |||||
| Depreciation | 142,986 | 190,577 | 91,277 | 86,787 | 103,411 | 82,219 | 62,502 | 48,286 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 1,505,919 | 3,290,753 | 883,112 | 845,129 | 1,114,602 | 1,172,292 | 1,022,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -172,926 | -463,360 | -157,190 | 146,406 | 52,325 | 21,322 | 73,694 | 21,118 | 24 | -56,454 | -191,911 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -192,630 | 2,215,362 | -3,310,957 | 4,693,335 | 4,091,031 | -4,535,503 | 3,851,133 | 4,383,365 | 19,455 | 12,235 | -1,780,974 | 920,013 | 363,286 | -1,332,479 | 1,978,537 |
| Creditors | -134,088 | -299,426 | -22,772 | -323,638 | -377,841 | 140,172 | 696,667 | 421,590 | -56,153 | 20,461 | -806,797 | 97,168 | -18,978 | 103,015 | 661,284 |
| Accruals and Deferred Income | 965,107 | -2,040,664 | 1,328,268 | 5,041,014 | 2,318,341 | -3,075,566 | -1,047,830 | 3,533,398 | -1,175,092 | -1,439,195 | 3,204,285 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -792,467 | -81,961 | 947,395 | -11,879 | 11,879 | -78,958 | -32,275 | 111,233 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 260,524 | -5,345,618 | 4,689,877 | -1,901,987 | -1,619,895 | -7,541,689 | -861,347 | -1,231,471 | 4,766,596 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -612,135 | -1,683,973 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,703,386 | 32,420 | 523,428 | 6,147,538 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -612,135 | 5,019,413 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 283,690 | 8,113,686 | -2,912,353 | 2,372,420 | 16,895,773 | -15,604,103 | 8,297,712 | 4,314,924 | 1,772,982 | 492,730 | 725,755 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -22,582,526 | 22,582,526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -579,228 | 579,228 | 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 | 0 | 0 | 0 | 0 | -202,188 | -172,015 | 374,203 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 431 | 5 | 83 | 0 | 977 | 678 | 50 | 0 | 513,943 | 0 | |||||
| cash flow from financing | 642,201 | 8,079,331 | 5,012,094 | 2,256,154 | -5,809,738 | 9,239,155 | 3,622,289 | 1,193,754 | 1,585,901 | 1,316,405 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 522,266 | -396,135 | 753,929 | 301,032 | -64,084 | -598,413 | 1,085,265 | 651,450 | -82,101 | -168,998 | -64,537 | -106,934 | 167,080 | 127,394 | 143,500 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 522,266 | -396,135 | 753,929 | 301,032 | -64,084 | -598,413 | 1,085,265 | 651,450 | -82,101 | -168,998 | -64,537 | -106,934 | 167,080 | 127,394 | 143,500 |
backoffice associates europe (uk) limited Credit Report and Business Information
Backoffice Associates Europe (uk) Limited Competitor Analysis
Perform a competitor analysis for backoffice associates europe (uk) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
backoffice associates europe (uk) limited Ownership
BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED group structure
Backoffice Associates Europe (Uk) Limited has 3 subsidiary companies.
Ultimate parent company
BACKOFFICE ASSOCAITES HOLDINGS LLC
#0087829
BACKOFFICE ASSOCIATES LLC
#0068688
2 parents
BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED
06518181
3 subsidiaries
backoffice associates europe (uk) limited directors
Backoffice Associates Europe (Uk) Limited currently has 2 directors. The longest serving directors include Ms Melanie Payne (Mar 2020) and Mrs Janet Mesrobian (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Melanie Payne | United Kingdom | 59 years | Mar 2020 | - | Director |
| Mrs Janet Mesrobian | United States | 61 years | Oct 2023 | - | Director |
P&L
December 2023turnover
35.9m
+6%
operating profit
-1.4m
-61%
gross margin
29.5%
+8.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-11.8m
+0.15%
total assets
20.8m
-0.05%
cash
2.3m
+0.3%
net assets
Total assets minus all liabilities
backoffice associates europe (uk) limited company details
company number
06518181
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
February 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
6th floor 60 gracechurch street, london, EC3V 0HR
Bank
-
Legal Advisor
-
backoffice associates europe (uk) 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 backoffice associates europe (uk) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
backoffice associates europe (uk) 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 BACKOFFICE ASSOCIATES EUROPE (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
backoffice associates europe (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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