cloudreach europe limited
cloudreach europe limited Company Information
Company Number
06975407
Website
www.cloudreach.comRegistered Address
second floor, mid city place, 71, high holborn, london, WC1V 6EA
Industry
Computer consultancy activities
Telephone
02071833893
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cloudreach holdings ltd 100%
cloudreach europe limited Estimated Valuation
Pomanda estimates the enterprise value of CLOUDREACH EUROPE LIMITED at £44.7m based on a Turnover of £61.5m and 0.73x industry multiple (adjusted for size and gross margin).
cloudreach europe limited Estimated Valuation
Pomanda estimates the enterprise value of CLOUDREACH EUROPE LIMITED at £0 based on an EBITDA of £-35m and a 5.39x industry multiple (adjusted for size and gross margin).
cloudreach europe limited Estimated Valuation
Pomanda estimates the enterprise value of CLOUDREACH EUROPE LIMITED at £0 based on Net Assets of £-146.8m and 0.5x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cloudreach Europe Limited Overview
Cloudreach Europe Limited is a live company located in london, WC1V 6EA with a Companies House number of 06975407. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2009, it's largest shareholder is cloudreach holdings ltd with a 100% stake. Cloudreach Europe Limited is a established, large sized company, Pomanda has estimated its turnover at £61.5m with healthy growth in recent years.
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Cloudreach Europe Limited Health Check
Pomanda's financial health check has awarded Cloudreach Europe Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £61.5m, make it larger than the average company (£1.8m)
£61.5m - Cloudreach Europe Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.4%)
4% - Cloudreach Europe Limited
4.4% - Industry AVG
Production
with a gross margin of -1%, this company has a higher cost of product (46.3%)
-1% - Cloudreach Europe Limited
46.3% - Industry AVG
Profitability
an operating margin of -60.2% make it less profitable than the average company (7.7%)
-60.2% - Cloudreach Europe Limited
7.7% - Industry AVG
Employees
with 297 employees, this is above the industry average (16)
297 - Cloudreach Europe Limited
16 - Industry AVG
Pay Structure
on an average salary of £150.8k, the company has a higher pay structure (£56.1k)
£150.8k - Cloudreach Europe Limited
£56.1k - Industry AVG
Efficiency
resulting in sales per employee of £207.2k, this is more efficient (£127.8k)
£207.2k - Cloudreach Europe Limited
£127.8k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (65 days)
21 days - Cloudreach Europe Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (30 days)
35 days - Cloudreach Europe Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cloudreach Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (19 weeks)
5 weeks - Cloudreach Europe Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 477.4%, this is a higher level of debt than the average (59%)
477.4% - Cloudreach Europe Limited
59% - Industry AVG
CLOUDREACH EUROPE LIMITED financials
Cloudreach Europe Limited's latest turnover from December 2022 is £61.5 million and the company has net assets of -£146.8 million. According to their latest financial statements, Cloudreach Europe Limited has 297 employees and maintains cash reserves of £18.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 61,529,000 | 56,587,000 | 50,995,000 | 54,460,000 | 46,239,000 | 55,259,000 | 40,964,000 | 24,544,000 | 8,423,000 | 5,006,379 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 62,154,000 | 49,872,000 | 48,264,000 | 49,735,000 | 37,581,000 | 47,787,000 | 36,573,000 | 19,795,000 | 6,348,000 | 3,599,552 | |||
| Gross Profit | -625,000 | 6,715,000 | 2,731,000 | 4,725,000 | 8,658,000 | 7,472,000 | 4,391,000 | 4,749,000 | 2,075,000 | 1,406,827 | |||
| Admin Expenses | 36,407,000 | 18,065,000 | 23,823,000 | 19,469,000 | 17,149,000 | 13,408,000 | 5,737,000 | 3,222,000 | 1,830,288 | ||||
| Operating Profit | -37,032,000 | -11,350,000 | -21,092,000 | -14,744,000 | -8,491,000 | -5,936,000 | -1,346,000 | 1,527,000 | -423,461 | ||||
| Interest Payable | 7,142,000 | 7,624,000 | 5,794,000 | 2,366,000 | 1,051,000 | 0 | 0 | 0 | 0 | 66 | |||
| Interest Receivable | 10,530,000 | 1,897,000 | 1,737,000 | 745,000 | 716,000 | 0 | 0 | 0 | 8,000 | 0 | |||
| Pre-Tax Profit | -33,644,000 | -17,077,000 | -25,149,000 | -16,365,000 | -8,826,000 | -5,888,000 | 34,000 | 1,386,000 | -880,000 | -423,527 | |||
| Tax | 4,987,000 | 6,458,000 | 4,656,000 | 2,031,000 | 1,489,000 | 1,013,000 | -32,000 | 112,000 | 50,000 | 0 | |||
| Profit After Tax | -28,657,000 | -10,619,000 | -20,493,000 | -14,334,000 | -7,337,000 | -4,875,000 | 2,000 | 1,498,000 | -830,000 | -423,527 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -28,657,000 | -10,619,000 | -20,493,000 | -14,334,000 | -7,337,000 | -4,875,000 | 2,000 | 1,498,000 | -830,000 | -423,527 | |||
| Employee Costs | 44,776,000 | 25,030,000 | 25,611,000 | 23,081,000 | 16,763,000 | 13,070,000 | 6,908,000 | 5,200,000 | 4,649,000 | 2,906,247 | |||
| Number Of Employees | 297 | 280 | 315 | 321 | 223 | 149 | 127 | 85 | 78 | 62 | |||
| EBITDA* | -34,971,000 | -10,764,000 | -20,575,000 | -14,261,000 | -8,298,000 | -5,743,000 | -1,272,000 | 1,574,000 | -392,051 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 195,000 | 424,000 | 582,000 | 850,000 | 1,189,000 | 115,000 | 260,000 | 201,000 | 133,000 | 129,087 | 94,570 | 34,910 | 4,169 |
| Intangible Assets | 957,000 | 565,000 | 350,000 | 533,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 74,000 | 61,000 | 46,000 | 41,000 | 37,000 | 37,000 | 37,000 | 22,000 | 22,000 | 0 | 167 | 167 | 0 |
| Debtors (Due After 1 year) | 5,348,000 | 15,319,000 | 9,086,000 | 4,595,000 | 0 | 1,027,000 | 84,000 | 141,000 | 0 | 0 | 0 | 0 | 167 |
| Total Fixed Assets | 6,574,000 | 16,369,000 | 10,064,000 | 6,019,000 | 1,226,000 | 1,179,000 | 381,000 | 364,000 | 155,000 | 129,087 | 94,737 | 35,077 | 4,336 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,674,000 | 8,033,000 | 6,544,000 | 8,824,000 | 7,554,000 | 7,584,000 | 4,407,000 | 4,074,000 | 1,215,000 | 1,422,510 | 1,047,441 | 426,820 | 67,875 |
| Group Debtors | 2,940,000 | 31,946,000 | 36,011,000 | 24,881,000 | 13,298,000 | 6,124,000 | 3,212,000 | 1,739,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,357,000 | 20,940,000 | 15,873,000 | 5,119,000 | 8,805,000 | 4,039,000 | 17,025,000 | 3,868,000 | 1,139,000 | 1,728,382 | 0 | 0 | 3,333 |
| Cash | 18,360,000 | 2,522,000 | 3,303,000 | 1,275,000 | 273,000 | 271,000 | 2,623,000 | 5,030,000 | 449,000 | 159,582 | 140,740 | 9,178 | 15,030 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,331,000 | 63,441,000 | 61,731,000 | 40,099,000 | 29,930,000 | 18,018,000 | 27,267,000 | 14,711,000 | 2,803,000 | 3,310,474 | 1,188,181 | 435,998 | 86,238 |
| total assets | 38,905,000 | 79,810,000 | 71,795,000 | 46,118,000 | 31,156,000 | 19,197,000 | 27,648,000 | 15,075,000 | 2,958,000 | 3,439,561 | 1,282,918 | 471,075 | 90,574 |
| Bank overdraft | 4,188,000 | 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 |
| Trade Creditors | 6,020,000 | 4,657,000 | 4,523,000 | 7,339,000 | 4,330,000 | 5,182,000 | 6,285,000 | 7,377,000 | 1,356,000 | 1,860,405 | 1,189,360 | 400,238 | 120,702 |
| Group/Directors Accounts | 165,603,000 | 127,776,000 | 108,428,000 | 59,899,000 | 32,151,000 | 13,046,000 | 1,786,000 | 826,000 | 0 | 0 | 74,061 | 96,142 | 24,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 234,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,668,000 | 3,955,000 | 4,983,000 | 4,527,000 | 6,188,000 | 5,597,000 | 18,873,000 | 6,548,000 | 2,855,000 | 1,983,186 | 0 | 0 | 0 |
| total current liabilities | 185,713,000 | 136,388,000 | 117,934,000 | 71,765,000 | 42,669,000 | 23,825,000 | 26,944,000 | 14,751,000 | 4,211,000 | 3,843,591 | 1,263,421 | 496,380 | 144,702 |
| loans | 0 | 0 | 0 | 0 | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 304,000 | 354,000 | 403,000 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 277,000 | 263,000 | 249,000 | 452,000 | 0 | 278,000 | 0 | 0 | 18,489 | 18,489 | 0 | 0 |
| total long term liabilities | 0 | 581,000 | 617,000 | 652,000 | 452,000 | 0 | 279,000 | 0 | 0 | 18,489 | 18,489 | 0 | 0 |
| total liabilities | 185,713,000 | 136,969,000 | 118,551,000 | 72,417,000 | 43,121,000 | 23,825,000 | 27,223,000 | 14,751,000 | 4,211,000 | 3,862,080 | 1,281,910 | 496,380 | 144,702 |
| net assets | -146,808,000 | -57,159,000 | -46,756,000 | -26,299,000 | -11,965,000 | -4,628,000 | 425,000 | 324,000 | -1,253,000 | -422,519 | 1,008 | -25,305 | -54,128 |
| total shareholders funds | -146,808,000 | -57,159,000 | -46,756,000 | -26,299,000 | -11,965,000 | -4,628,000 | 425,000 | 324,000 | -1,253,000 | -422,519 | 1,008 | -25,305 | -54,128 |
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -37,032,000 | -11,350,000 | -21,092,000 | -14,744,000 | -8,491,000 | -5,936,000 | -1,346,000 | 1,527,000 | -423,461 | ||||
| Depreciation | 276,000 | 261,000 | 305,000 | 290,000 | 193,000 | 193,000 | 74,000 | 47,000 | 42,187,000 | 31,410 | 17,976 | 4,613 | 620 |
| Amortisation | 1,785,000 | 325,000 | 212,000 | 193,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 4,987,000 | 6,458,000 | 4,656,000 | 2,031,000 | 1,489,000 | 1,013,000 | -32,000 | 112,000 | 50,000 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -56,919,000 | 8,724,000 | 24,095,000 | 13,762,000 | 10,883,000 | -5,954,000 | 14,906,000 | 7,468,000 | -796,892 | 2,103,451 | 620,621 | 355,445 | 71,375 |
| Creditors | 1,363,000 | 134,000 | -2,816,000 | 3,009,000 | -852,000 | -1,103,000 | -1,092,000 | 6,021,000 | -504,405 | 671,045 | 789,122 | 279,536 | 120,702 |
| Accruals and Deferred Income | 5,713,000 | -1,028,000 | 456,000 | -1,661,000 | 591,000 | -13,276,000 | 12,325,000 | 3,693,000 | 871,814 | 1,983,186 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -277,000 | 14,000 | 14,000 | -203,000 | 452,000 | -278,000 | 278,000 | 0 | -18,489 | 0 | 18,489 | 0 | 0 |
| Cash flow from operations | 33,734,000 | -13,910,000 | -42,360,000 | -24,847,000 | -17,501,000 | -13,433,000 | -4,699,000 | 158,729 | |||||
| Investing Activities | |||||||||||||
| capital expenditure | -46,252,000 | -65,927 | |||||||||||
| Change in Investments | 13,000 | 15,000 | 5,000 | 4,000 | 0 | 0 | 15,000 | 0 | 22,000 | -167 | 0 | 167 | 0 |
| cash flow from investments | -46,274,000 | -65,760 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 37,827,000 | 19,348,000 | 48,529,000 | 27,748,000 | 19,105,000 | 11,260,000 | 960,000 | 826,000 | 0 | -74,061 | -22,081 | 72,142 | 24,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 234,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -304,000 | -50,000 | -49,000 | 403,000 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 3,388,000 | -5,727,000 | -4,057,000 | -1,621,000 | -335,000 | 0 | 0 | 0 | 8,000 | -66 | |||
| cash flow from financing | -19,847,000 | 13,787,000 | 44,459,000 | 26,530,000 | 18,770,000 | 11,081,000 | 1,060,000 | 905,000 | 7,519 | -74,127 | |||
| cash and cash equivalents | |||||||||||||
| cash | 15,838,000 | -781,000 | 2,028,000 | 1,002,000 | 2,000 | -2,352,000 | -2,407,000 | 4,581,000 | 289,418 | 18,842 | 131,562 | -5,852 | 15,030 |
| overdraft | 4,188,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,650,000 | -781,000 | 2,028,000 | 1,002,000 | 2,000 | -2,352,000 | -2,407,000 | 4,581,000 | 289,418 | 18,842 | 131,562 | -5,852 | 15,030 |
cloudreach europe limited Credit Report and Business Information
Cloudreach Europe Limited Competitor Analysis
Perform a competitor analysis for cloudreach europe limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in WC1V area or any other competitors across 12 key performance metrics.
cloudreach europe limited Ownership
CLOUDREACH EUROPE LIMITED group structure
Cloudreach Europe Limited has no subsidiary companies.
Ultimate parent company
CLOUDREACH TOPCO LTD
#0087739
2 parents
CLOUDREACH EUROPE LIMITED
06975407
cloudreach europe limited directors
Cloudreach Europe Limited currently has 3 directors. The longest serving directors include Mr Robert Borcherding (Dec 2019) and Mr Ibrahim Mahmood (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Borcherding | England | 58 years | Dec 2019 | - | Director |
| Mr Ibrahim Mahmood | United Kingdom | 46 years | Jun 2024 | - | Director |
| Ms Nicola Kelly | United Kingdom | 56 years | Jun 2024 | - | Director |
P&L
December 2022turnover
61.5m
+9%
operating profit
-37m
+226%
gross margin
-1%
-108.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-146.8m
+1.57%
total assets
38.9m
-0.51%
cash
18.4m
+6.28%
net assets
Total assets minus all liabilities
cloudreach europe limited company details
company number
06975407
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
July 2009
age
15
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
cloudreach limited (February 2014)
last accounts submitted
December 2022
address
second floor, mid city place, 71, high holborn, london, WC1V 6EA
accountant
-
auditor
GRANT THORNTON UK LLP
cloudreach europe 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 did not find charges/mortgages relating to cloudreach europe limited.
cloudreach europe limited Companies House Filings - See Documents
| date | description | view/download |
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