kerridge commercial systems limited
kerridge commercial systems limited Company Information
Company Number
07090521
Website
www.kerridgecs.comRegistered Address
charnham park, hungerford, berkshire, RG17 0YU
Industry
Business and domestic software development
Computer facilities management activities
Telephone
01488662098
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
kerridge commercial systems (bidco) limited 100%
kerridge commercial systems limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS LIMITED at £104.6m based on a Turnover of £47.5m and 2.2x industry multiple (adjusted for size and gross margin).
kerridge commercial systems limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS LIMITED at £183.1m based on an EBITDA of £12.1m and a 15.19x industry multiple (adjusted for size and gross margin).
kerridge commercial systems limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS LIMITED at £79.3m based on Net Assets of £36.1m and 2.2x industry multiple (adjusted for liquidity).
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Kerridge Commercial Systems Limited Overview
Kerridge Commercial Systems Limited is a live company located in berkshire, RG17 0YU with a Companies House number of 07090521. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2009, it's largest shareholder is kerridge commercial systems (bidco) limited with a 100% stake. Kerridge Commercial Systems Limited is a established, large sized company, Pomanda has estimated its turnover at £47.5m with high growth in recent years.
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Kerridge Commercial Systems Limited Health Check
Pomanda's financial health check has awarded Kerridge Commercial Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £47.5m, make it larger than the average company (£2.3m)
£47.5m - Kerridge Commercial Systems Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.8%)
16% - Kerridge Commercial Systems Limited
7.8% - Industry AVG
Production
with a gross margin of 87.8%, this company has a lower cost of product (57.3%)
87.8% - Kerridge Commercial Systems Limited
57.3% - Industry AVG
Profitability
an operating margin of 24.2% make it more profitable than the average company (6%)
24.2% - Kerridge Commercial Systems Limited
6% - Industry AVG
Employees
with 247 employees, this is above the industry average (18)
247 - Kerridge Commercial Systems Limited
18 - Industry AVG
Pay Structure
on an average salary of £71.3k, the company has a higher pay structure (£57k)
£71.3k - Kerridge Commercial Systems Limited
£57k - Industry AVG
Efficiency
resulting in sales per employee of £192.3k, this is more efficient (£132.6k)
£192.3k - Kerridge Commercial Systems Limited
£132.6k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (60 days)
63 days - Kerridge Commercial Systems Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 91 days, this is slower than average (39 days)
91 days - Kerridge Commercial Systems Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kerridge Commercial Systems Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (19 weeks)
8 weeks - Kerridge Commercial Systems Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.7%, this is a similar level of debt than the average (58.3%)
55.7% - Kerridge Commercial Systems Limited
58.3% - Industry AVG
KERRIDGE COMMERCIAL SYSTEMS LIMITED financials
Kerridge Commercial Systems Limited's latest turnover from September 2023 is £47.5 million and the company has net assets of £36.1 million. According to their latest financial statements, Kerridge Commercial Systems Limited has 247 employees and maintains cash reserves of £5.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,502,000 | 41,429,000 | 34,202,000 | 30,559,000 | 32,338,000 | 32,660,000 | 32,194,000 | 27,938,000 | 26,488,000 | 30,095,000 | 28,479,000 | 25,521,000 | 18,944,000 | 11,576,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,815,000 | 5,661,000 | 6,753,000 | 4,877,000 | 4,992,000 | 4,577,000 | 4,392,000 | 3,781,000 | 4,801,000 | 4,244,000 | 4,507,000 | 4,281,000 | 3,894,000 | 2,424,000 |
| Gross Profit | 41,687,000 | 35,768,000 | 27,449,000 | 25,682,000 | 27,346,000 | 28,083,000 | 27,802,000 | 24,157,000 | 21,687,000 | 25,851,000 | 23,972,000 | 21,240,000 | 15,050,000 | 9,152,000 |
| Admin Expenses | 30,213,000 | 26,696,000 | 22,136,000 | 20,165,000 | 31,104,000 | 21,635,000 | 19,315,000 | 17,928,000 | 17,174,000 | 23,221,000 | 20,322,000 | 18,105,000 | 12,841,000 | 7,821,000 |
| Operating Profit | 11,474,000 | 9,072,000 | 5,313,000 | 5,517,000 | -3,758,000 | 6,448,000 | 8,487,000 | 6,229,000 | 4,513,000 | 2,630,000 | 3,650,000 | 3,135,000 | 2,209,000 | 1,331,000 |
| Interest Payable | 2,879,000 | 1,719,000 | 2,686,000 | 1,668,000 | 879,000 | 129,000 | 13,000 | 25,000 | 291,000 | 705,000 | 1,061,000 | 1,210,000 | 1,073,000 | 613,000 |
| Interest Receivable | 15,042,000 | 16,158,000 | 2,805,000 | 1,512,000 | 923,000 | 670,000 | 71,000 | 73,000 | 18,000 | 36,000 | 27,000 | 22,000 | 22,000 | 5,000 |
| Pre-Tax Profit | 23,637,000 | 23,511,000 | 7,532,000 | 9,246,000 | 5,491,000 | 9,489,000 | 9,145,000 | 6,777,000 | 6,540,000 | 1,961,000 | 2,616,000 | 1,947,000 | 1,158,000 | 723,000 |
| Tax | -2,506,000 | -1,051,000 | -1,155,000 | -671,000 | -1,117,000 | -710,000 | -1,381,000 | -482,000 | 437,000 | -790,000 | -953,000 | -473,000 | -293,000 | -191,000 |
| Profit After Tax | 21,131,000 | 22,460,000 | 6,377,000 | 8,575,000 | 4,374,000 | 8,779,000 | 7,764,000 | 6,295,000 | 6,977,000 | 1,171,000 | 1,663,000 | 1,474,000 | 865,000 | 532,000 |
| Dividends Paid | 16,850,000 | 15,059,000 | 4,616,000 | 3,700,000 | 0 | 5,099,000 | 2,975,000 | 6,900,000 | 1,500,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,281,000 | 7,401,000 | 1,761,000 | 4,875,000 | 4,374,000 | 3,680,000 | 4,789,000 | -605,000 | 5,477,000 | 1,171,000 | 1,663,000 | 1,474,000 | 865,000 | 532,000 |
| Employee Costs | 17,612,000 | 16,860,000 | 13,633,000 | 12,673,000 | 13,291,000 | 13,009,000 | 11,908,000 | 10,910,000 | 10,552,000 | 13,975,000 | 12,364,000 | 10,627,000 | 7,351,000 | 4,763,000 |
| Number Of Employees | 247 | 255 | 196 | 207 | 226 | 222 | 199 | 196 | 198 | 295 | 258 | 209 | 153 | 144 |
| EBITDA* | 12,056,000 | 9,633,000 | 5,745,000 | 5,938,000 | -3,296,000 | 6,903,000 | 8,855,000 | 6,580,000 | 6,285,000 | 7,307,000 | 8,275,000 | 7,353,000 | 5,492,000 | 3,009,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,010,000 | 1,027,000 | 1,161,000 | 848,000 | 898,000 | 1,107,000 | 1,005,000 | 896,000 | 868,000 | 1,106,000 | 1,227,000 | 917,000 | 421,000 | 307,000 |
| Intangible Assets | 42,000 | 107,000 | 102,000 | 64,000 | 60,000 | 45,000 | 0 | 0 | 0 | 7,323,000 | 11,593,000 | 12,879,000 | 10,854,000 | 13,985,000 |
| Investments & Other | 38,402,000 | 24,028,000 | 28,603,000 | 34,228,000 | 34,212,000 | 34,270,000 | 6,930,000 | 6,930,000 | 6,930,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,837,000 | 43,723,000 | 43,918,000 | 44,925,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,291,000 | 68,885,000 | 73,784,000 | 80,065,000 | 35,170,000 | 35,422,000 | 7,935,000 | 7,826,000 | 7,798,000 | 8,429,000 | 12,820,000 | 13,796,000 | 11,275,000 | 14,292,000 |
| Stock & work in progress | 0 | 4,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,329,000 | 6,084,000 | 5,126,000 | 4,126,000 | 4,071,000 | 6,042,000 | 4,484,000 | 4,832,000 | 4,931,000 | 4,639,000 | 4,882,000 | 4,494,000 | 2,691,000 | 2,484,000 |
| Group Debtors | 18,984,000 | 14,591,000 | 14,906,000 | 17,849,000 | 26,832,000 | 26,660,000 | 7,744,000 | 1,093,000 | 3,583,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,060,000 | 4,002,000 | 3,632,000 | 3,598,000 | 3,748,000 | 3,018,000 | 2,826,000 | 2,660,000 | 3,486,000 | 2,998,000 | 2,722,000 | 1,145,000 | 1,242,000 | 573,000 |
| Cash | 5,753,000 | 4,663,000 | 5,498,000 | 3,011,000 | 2,428,000 | 3,362,000 | 8,522,000 | 7,614,000 | 3,577,000 | 8,145,000 | 8,450,000 | 8,658,000 | 7,545,000 | 4,531,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,126,000 | 29,344,000 | 29,166,000 | 28,584,000 | 37,079,000 | 39,082,000 | 23,576,000 | 16,199,000 | 15,577,000 | 15,782,000 | 16,054,000 | 14,297,000 | 11,478,000 | 7,588,000 |
| total assets | 81,417,000 | 98,229,000 | 102,950,000 | 108,649,000 | 72,249,000 | 74,504,000 | 31,511,000 | 24,025,000 | 23,375,000 | 24,211,000 | 28,874,000 | 28,093,000 | 22,753,000 | 21,880,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,348,000 | 2,118,000 | 2,118,000 | 1,518,000 | 1,518,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,453,000 | 2,402,000 | 2,177,000 | 1,870,000 | 1,079,000 | 2,126,000 | 422,000 | 1,144,000 | 1,508,000 | 1,255,000 | 1,186,000 | 774,000 | 894,000 | 850,000 |
| Group/Directors Accounts | 13,068,000 | 14,196,000 | 21,048,000 | 22,475,000 | 31,041,000 | 34,893,000 | 4,610,000 | 2,657,000 | 1,804,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 907,000 | 0 | 0 | 0 | 0 | 633,000 | 0 | 0 | 0 | 4,018,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,658,000 | 16,954,000 | 15,905,000 | 12,170,000 | 10,873,000 | 11,933,000 | 10,562,000 | 8,775,000 | 8,056,000 | 10,221,000 | 10,443,000 | 9,408,000 | 5,989,000 | 4,771,000 |
| total current liabilities | 35,086,000 | 33,552,000 | 39,130,000 | 36,515,000 | 42,993,000 | 49,585,000 | 15,594,000 | 12,576,000 | 11,368,000 | 16,842,000 | 13,747,000 | 12,300,000 | 8,401,000 | 7,139,000 |
| loans | 10,172,000 | 32,784,000 | 33,357,000 | 37,983,000 | 0 | 0 | 0 | 0 | 0 | 561,000 | 9,831,000 | 11,854,000 | 11,605,000 | 13,054,000 |
| hp & lease commitments | 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 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 473,000 | 0 | 109,000 | 320,000 | 0 |
| provisions | 83,000 | 98,000 | 182,000 | 40,000 | 20,000 | 57,000 | 35,000 | 54,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,255,000 | 32,882,000 | 33,539,000 | 38,023,000 | 20,000 | 57,000 | 35,000 | 54,000 | 0 | 1,034,000 | 9,831,000 | 11,963,000 | 11,925,000 | 13,054,000 |
| total liabilities | 45,341,000 | 66,434,000 | 72,669,000 | 74,538,000 | 43,013,000 | 49,642,000 | 15,629,000 | 12,630,000 | 11,368,000 | 17,876,000 | 23,578,000 | 24,263,000 | 20,326,000 | 20,193,000 |
| net assets | 36,076,000 | 31,795,000 | 30,281,000 | 34,111,000 | 29,236,000 | 24,862,000 | 15,882,000 | 11,395,000 | 12,007,000 | 6,335,000 | 5,296,000 | 3,830,000 | 2,427,000 | 1,687,000 |
| total shareholders funds | 36,076,000 | 31,795,000 | 30,281,000 | 34,111,000 | 29,236,000 | 24,862,000 | 15,882,000 | 11,395,000 | 12,007,000 | 6,335,000 | 5,296,000 | 3,830,000 | 2,427,000 | 1,687,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 11,474,000 | 9,072,000 | 5,313,000 | 5,517,000 | -3,758,000 | 6,448,000 | 8,487,000 | 6,229,000 | 4,513,000 | 2,630,000 | 3,650,000 | 3,135,000 | 2,209,000 | 1,331,000 |
| Depreciation | 553,000 | 561,000 | 432,000 | 421,000 | 462,000 | 455,000 | 368,000 | 351,000 | 287,000 | 407,000 | 352,000 | 242,000 | 161,000 | 54,000 |
| Amortisation | 29,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,485,000 | 4,270,000 | 4,273,000 | 3,976,000 | 3,122,000 | 1,624,000 |
| Tax | -2,506,000 | -1,051,000 | -1,155,000 | -671,000 | -1,117,000 | -710,000 | -1,381,000 | -482,000 | 437,000 | -790,000 | -953,000 | -473,000 | -293,000 | -191,000 |
| Stock | -4,000 | 0 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -32,190,000 | 818,000 | -2,916,000 | 35,847,000 | -1,069,000 | 20,666,000 | 6,469,000 | -3,415,000 | 4,363,000 | 33,000 | 1,965,000 | 1,706,000 | 876,000 | 3,057,000 |
| Creditors | -949,000 | 225,000 | 307,000 | 791,000 | -1,047,000 | 1,704,000 | -722,000 | -364,000 | 253,000 | 69,000 | 412,000 | -120,000 | 44,000 | 850,000 |
| Accruals and Deferred Income | 2,704,000 | 1,049,000 | 3,735,000 | 1,297,000 | -1,060,000 | 1,371,000 | 1,787,000 | 719,000 | -2,165,000 | -222,000 | 1,035,000 | 3,419,000 | 1,218,000 | 4,771,000 |
| Deferred Taxes & Provisions | -15,000 | -84,000 | 142,000 | 20,000 | -37,000 | 22,000 | -19,000 | 54,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 43,484,000 | 8,954,000 | 11,686,000 | -28,472,000 | -5,488,000 | -11,376,000 | 2,051,000 | 9,922,000 | 447,000 | 6,331,000 | 6,804,000 | 8,473,000 | 5,585,000 | 5,382,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -289,000 | -545,000 | -285,000 | -273,000 | -213,000 | |||||||||
| Change in Investments | 14,374,000 | -4,575,000 | -5,625,000 | 16,000 | -58,000 | 27,340,000 | 0 | 0 | 6,930,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -289,000 | -545,000 | -285,000 | -273,000 | -213,000 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,128,000 | -6,852,000 | -1,427,000 | -8,566,000 | -3,852,000 | 30,283,000 | 1,953,000 | 853,000 | 1,804,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 907,000 | 0 | 0 | 0 | -633,000 | 633,000 | 0 | 0 | -4,018,000 | 4,018,000 | 0 | 0 | 0 | 0 |
| Long term loans | -22,612,000 | -573,000 | -4,626,000 | 37,983,000 | 0 | 0 | 0 | 0 | -561,000 | -9,270,000 | -2,023,000 | 249,000 | -1,449,000 | 13,054,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -473,000 | 473,000 | -109,000 | -211,000 | 320,000 | 0 |
| share issue | ||||||||||||||
| interest | 12,163,000 | 14,439,000 | 119,000 | -156,000 | 44,000 | 541,000 | 58,000 | 48,000 | -273,000 | -669,000 | -1,034,000 | -1,188,000 | -1,051,000 | -608,000 |
| cash flow from financing | -10,670,000 | 1,127,000 | -11,525,000 | 29,261,000 | -4,441,000 | 36,757,000 | 1,709,000 | 894,000 | -3,326,000 | -5,580,000 | -3,363,000 | -1,221,000 | -2,305,000 | 13,601,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,090,000 | -835,000 | 2,487,000 | 583,000 | -934,000 | -5,160,000 | 908,000 | 4,037,000 | -4,568,000 | -305,000 | -208,000 | 1,113,000 | 3,014,000 | 4,531,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,348,000 | -770,000 | 0 | 600,000 | 0 | 1,518,000 |
| change in cash | 1,090,000 | -835,000 | 2,487,000 | 583,000 | -934,000 | -5,160,000 | 908,000 | 4,037,000 | -3,220,000 | 465,000 | -208,000 | 513,000 | 3,014,000 | 3,013,000 |
kerridge commercial systems limited Credit Report and Business Information
Kerridge Commercial Systems Limited Competitor Analysis
Perform a competitor analysis for kerridge commercial systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in RG17 area or any other competitors across 12 key performance metrics.
kerridge commercial systems limited Ownership
KERRIDGE COMMERCIAL SYSTEMS LIMITED group structure
Kerridge Commercial Systems Limited has 10 subsidiary companies.
Ultimate parent company
2 parents
KERRIDGE COMMERCIAL SYSTEMS LIMITED
07090521
10 subsidiaries
kerridge commercial systems limited directors
Kerridge Commercial Systems Limited currently has 2 directors. The longest serving directors include Mr Ian Bendelow (Nov 2009) and Mr Michael Jefferies (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Bendelow | 57 years | Nov 2009 | - | Director | |
| Mr Michael Jefferies | England | 47 years | Mar 2024 | - | Director |
P&L
September 2023turnover
47.5m
+15%
operating profit
11.5m
+26%
gross margin
87.8%
+1.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
36.1m
+0.13%
total assets
81.4m
-0.17%
cash
5.8m
+0.23%
net assets
Total assets minus all liabilities
kerridge commercial systems limited company details
company number
07090521
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62012 - Business and domestic software development
62030 - Computer facilities management activities
incorporation date
November 2009
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
oval (2222) limited (March 2010)
accountant
-
auditor
RSM UK AUDIT LLP
address
charnham park, hungerford, berkshire, RG17 0YU
Bank
HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
kerridge commercial systems 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 10 charges/mortgages relating to kerridge commercial systems limited. Currently there are 1 open charges and 9 have been satisfied in the past.
kerridge commercial systems limited Companies House Filings - See Documents
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