touchtype limited

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touchtype limited Company Information

Share TOUCHTYPE LIMITED

Company Number

06671487

Shareholders

microsoft international holdings bv

Group Structure

View All

Industry

Other software publishing

 +2

Registered Address

1 blossom yard, fourth floor, london, E1 6RS

touchtype limited Estimated Valuation

£50.6k

Pomanda estimates the enterprise value of TOUCHTYPE LIMITED at £50.6k based on a Turnover of £43k and 1.18x industry multiple (adjusted for size and gross margin).

touchtype limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TOUCHTYPE LIMITED at £0 based on an EBITDA of £-7k and a 5.89x industry multiple (adjusted for size and gross margin).

touchtype limited Estimated Valuation

£79.7m

Pomanda estimates the enterprise value of TOUCHTYPE LIMITED at £79.7m based on Net Assets of £35.3m and 2.25x industry multiple (adjusted for liquidity).

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Touchtype Limited Overview

Touchtype Limited is a live company located in london, E1 6RS with a Companies House number of 06671487. It operates in the other software publishing sector, SIC Code 58290. Founded in August 2008, it's largest shareholder is microsoft international holdings bv with a 100% stake. Touchtype Limited is a established, micro sized company, Pomanda has estimated its turnover at £43k with declining growth in recent years.

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Touchtype Limited Health Check

Pomanda's financial health check has awarded Touchtype Limited a 2.5 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 Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £43k, make it smaller than the average company (£5.5m)

£43k - Touchtype Limited

£5.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (8%)

-19% - Touchtype Limited

8% - Industry AVG

production

Production

with a gross margin of 100%, this company has a lower cost of product (69.9%)

100% - Touchtype Limited

69.9% - Industry AVG

profitability

Profitability

an operating margin of -16.2% make it less profitable than the average company (3.7%)

-16.2% - Touchtype Limited

3.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (39)

1 - Touchtype Limited

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £78.1k, the company has an equivalent pay structure (£78.1k)

£78.1k - Touchtype Limited

£78.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £43k, this is less efficient (£152.2k)

£43k - Touchtype Limited

£152.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (56 days)

32 days - Touchtype Limited

56 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Touchtype Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Touchtype Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Touchtype Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1.1%, this is a lower level of debt than the average (59.8%)

1.1% - Touchtype Limited

59.8% - Industry AVG

TOUCHTYPE LIMITED financials

EXPORTms excel logo

Touchtype Limited's latest turnover from December 2023 is £43 thousand and the company has net assets of £35.3 million. According to their latest financial statements, we estimate that Touchtype Limited has 1 employee and maintains cash reserves of 0 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 2010Aug 2009
Turnover43,00349,83747,05382,41098,626943,2726,339,6544,342,9587,880,1078,412,3069,884,2276,214,433654,623152,181
Other Income Or Grants
Cost Of Sales325769,4322,325,0371,734,6541,505,1881,525,6341,954,1402,119,891216,62748,813
Gross Profit43,00349,83747,05382,41098,301173,8404,014,6172,608,3046,374,9196,886,6727,930,0874,094,542437,996103,368
Admin Expenses49,95432,34039,81254,58586,14280,611408,03410,253,22014,577,45812,883,1127,976,4825,739,0951,724,390466,032-473
Operating Profit-6,95117,4977,24127,82512,15993,2293,606,583-7,644,916-8,202,539-5,996,440-46,395-1,644,553-1,286,394-362,664473
Interest Payable3722,1392,52061,49362,5984,224
Interest Receivable1,573,533168,55327,994182,697566,044426,295223,585663,022302,59037,25214,9173,54947
Pre-Tax Profit1,566,582186,05035,23514,806,381576,064517,0043,830,16899,569,798-8,234,847-5,963,412-31,478-1,641,004-1,285,798-362,138519
Tax-353,820-32,416-75-35,582-84,829-46,426-740,240-16,348,832682,999646,811134,491175,672-145
Profit After Tax1,212,762153,63435,16014,770,799491,235470,5783,089,92883,220,966-7,551,848-5,316,601103,013-1,641,004-1,110,126-362,138374
Dividends Paid63,613,096
Retained Profit1,212,762153,63435,160-48,842,297491,235470,5783,089,92883,220,966-7,551,848-5,316,601103,013-1,641,004-1,110,126-362,138374
Employee Costs78,09272,40263,643496,4311,3642,696,06910,298,3309,709,3315,930,8332,762,978302,410101,360
Number Of Employees1111185132146140855462
EBITDA*-6,95117,4977,24127,82512,159104,8733,617,434-7,595,859-8,019,895-5,821,95352,422-1,609,084-1,275,820-356,289743

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Aug 2009
Tangible Assets3,722140,598206,546213,57395,05621,75812,765541
Intangible Assets11,64419,74728,52436,62619,45122,73926,02629,314
Investments & Other63636363636363636463
Debtors (Due After 1 year)
Total Fixed Assets63636363636311,70723,532169,122243,172233,024117,85947,84742,079541
Stock & work in progress
Trade Debtors3,87634,300131,670115,2901,330,692979,73296,9305,410
Group Debtors35,723,27734,181,06233,988,06197,577,56882,890,40080,636,04580,932,26886,445,567
Misc Debtors6,33110,41230,61512,2621,662,4431,704,351232,7781,813,8742,277,7261,292,201195,62516,177
Cash656744,9148,432,7375,473,6559,814,139522,372897,168609,25318,723
misc current assets
total current assets35,727,15334,187,39333,998,47397,608,18382,902,66282,298,48882,637,27587,457,55910,378,2817,866,67112,437,0321,502,1041,189,723625,43024,133
total assets35,727,21634,187,45633,998,53697,608,24682,902,72582,298,55182,648,98287,481,09110,547,4038,109,84312,670,0561,619,9631,237,570667,50924,674
Bank overdraft4,857
Bank loan
Trade Creditors 140,377233,587231,800127,2232,255,756232,360120,95124,200
Group/Directors Accounts63,613,096
other short term finances
hp & lease commitments
other current liabilities378,17151,17315,88747,661112,939253,9518,035,6115,086,2714,398,9354,028,667
total current liabilities378,17151,17315,88763,660,757112,939253,9518,175,9885,319,8584,630,7354,160,7472,255,756232,360120,95124,200
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities378,17151,17315,88763,660,757112,939253,9518,175,9885,319,8584,630,7354,160,7472,255,756232,360120,95124,200
net assets35,349,04534,136,28333,982,64933,947,48982,789,78682,298,55182,395,03179,305,1035,227,5453,479,1088,509,309-635,7931,005,210546,558474
total shareholders funds35,349,04534,136,28333,982,64933,947,48982,789,78682,298,55182,395,03179,305,1035,227,5453,479,1088,509,309-635,7931,005,210546,558474
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Aug 2009
Operating Activities
Operating Profit-6,95117,4977,24127,82512,15993,2293,606,583-7,644,916-8,202,539-5,996,440-46,395-1,644,553-1,286,394-362,664473
Depreciation2,74840,280174,542167,58995,52932,1827,2862,814270
Amortisation11,6448,1038,7778,1026,8983,2883,2873,2883,561
Tax-353,820-32,416-75-35,582-84,829-46,426-740,240-16,348,832682,999646,811134,491175,672-145
Stock
Debtors1,539,760188,920-63,609,71014,705,521604,174-338,131-4,076,02684,767,101-447,472-229,8771,643,161687,177276,37810,7675,410
Creditors-140,377-93,2101,787104,577-2,128,5332,023,396111,40996,75124,200
Accruals and Deferred Income326,99835,286-31,774-65,278112,939-253,951-7,781,6602,949,340687,336370,2684,028,667
Deferred Taxes & Provisions
Cash flow from operations-1,573,533-168,55363,585,102-14,778,556-563,905142,627-968,817-105,855,662-6,200,301-4,470,420443,886-272,865-1,265,117-270,30519,388
Investing Activities
capital expenditure97496,596-107,114-185,887-105,480-16,279-47,913-811
Change in Investments63-64163
cash flow from investments97496,533-107,114-185,88764-105,481-16,342-47,913-811
Financing Activities
Bank loans
Group/Directors Accounts-63,613,09663,613,096
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-567,058-9,143,4089,300,285286,4009,042,08911,568,778908,222100
interest1,573,533168,55327,994182,325563,905423,775223,585601,529239,99233,02814,9173,54947
cash flow from financing1,573,533168,553-63,585,10263,795,421563,905-143,283223,585-8,541,8799,540,277319,4289,057,0063,5501,568,778908,222147
cash and cash equivalents
cash-656-744,258-7,687,8232,959,082-4,340,4849,291,767-374,796287,915590,53018,723
overdraft-4,8574,857
change in cash-656-744,258-7,687,8232,959,082-4,335,6279,286,910-374,796287,915590,53018,723

touchtype 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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Touchtype Limited Competitor Analysis

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Perform a competitor analysis for touchtype limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in E 1 area or any other competitors across 12 key performance metrics.

touchtype limited Ownership

TOUCHTYPE LIMITED group structure

Touchtype Limited has 1 subsidiary company.

Ultimate parent company

MICROSOFT CORP

#0006019

MICROSOFT INTERNATIONAL HOLDINGS BV

#0101782

2 parents

TOUCHTYPE LIMITED

06671487

1 subsidiary

TOUCHTYPE LIMITED Shareholders

microsoft international holdings bv 100%

touchtype limited directors

Touchtype Limited currently has 2 directors. The longest serving directors include Mr Benjamin Orndorff (Mar 2016) and Mr Keith Dolliver (Mar 2016).

officercountryagestartendrole
Mr Benjamin OrndorffUnited States53 years Mar 2016- Director
Mr Keith DolliverUnited States62 years Mar 2016- Director

P&L

December 2023

turnover

43k

-14%

operating profit

-7k

-140%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

35.3m

+0.04%

total assets

35.7m

+0.05%

cash

0

0%

net assets

Total assets minus all liabilities

touchtype limited company details

company number

06671487

Type

Private limited with Share Capital

industry

63110 - Data processing, hosting and related activities

58290 - Other software publishing

62012 - Business and domestic software development

incorporation date

August 2008

age

17

incorporated

UK

ultimate parent company

MICROSOFT CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

fluency labs limited (October 2012)

touchtype limited (October 2012)

accountant

-

auditor

DELOITTE (NI) LTD

address

1 blossom yard, fourth floor, london, E1 6RS

Bank

-

Legal Advisor

-

touchtype 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 touchtype limited. Currently there are 4 open charges and 1 have been satisfied in the past.

touchtype 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 TOUCHTYPE LIMITED. This can take several minutes, an email will notify you when this has completed.

touchtype limited Companies House Filings - See Documents

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