avast limited
avast limited Company Information
Company Number
07118170
Next Accounts
52 days late
Industry
Other information technology and computer service activities
Shareholders
nitro bidco limited
Group Structure
View All
Contact
Registered Address
c/o company secretarial departme, 280 bishopsgate, london, EC2M 4AG
Website
www.avast.comavast limited Estimated Valuation
Pomanda estimates the enterprise value of AVAST LIMITED at £25.3m based on a Turnover of £34.4m and 0.73x industry multiple (adjusted for size and gross margin).
avast limited Estimated Valuation
Pomanda estimates the enterprise value of AVAST LIMITED at £109.1m based on an EBITDA of £21.1m and a 5.16x industry multiple (adjusted for size and gross margin).
avast limited Estimated Valuation
Pomanda estimates the enterprise value of AVAST LIMITED at £5.9b based on Net Assets of £2.6b and 2.23x industry multiple (adjusted for liquidity).
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Avast Limited Overview
Avast Limited is a live company located in london, EC2M 4AG with a Companies House number of 07118170. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2010, it's largest shareholder is nitro bidco limited with a 100% stake. Avast Limited is a established, large sized company, Pomanda has estimated its turnover at £34.4m with declining growth in recent years.
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Avast Limited Health Check
Pomanda's financial health check has awarded Avast Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
4 Weak
Size
annual sales of £34.4m, make it larger than the average company (£6.5m)
£34.4m - Avast Limited
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -62%, show it is growing at a slower rate (5.4%)
-62% - Avast Limited
5.4% - Industry AVG
Production
with a gross margin of 8%, this company has a higher cost of product (51.8%)
8% - Avast Limited
51.8% - Industry AVG
Profitability
an operating margin of 61.3% make it more profitable than the average company (3.7%)
61.3% - Avast Limited
3.7% - Industry AVG
Employees
with 60 employees, this is above the industry average (42)
60 - Avast Limited
42 - Industry AVG
Pay Structure
on an average salary of £422.6k, the company has a higher pay structure (£68.1k)
£422.6k - Avast Limited
£68.1k - Industry AVG
Efficiency
resulting in sales per employee of £573.8k, this is more efficient (£163.2k)
£573.8k - Avast Limited
£163.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Avast Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (35 days)
1 days - Avast Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Avast Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Avast Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.1%, this is a lower level of debt than the average (63.9%)
1.1% - Avast Limited
63.9% - Industry AVG
AVAST LIMITED financials
Avast Limited's latest turnover from December 2022 is £34.4 million and the company has net assets of £2.6 billion. According to their latest financial statements, Avast Limited has 60 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 34,429,472 | 712,306,994 | 675,825,008 | 619,955,875 | 658,761,206 | 516,861,938 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 31,671,395 | 113,154,708 | 148,349,985 | 149,953,740 | 196,740,016 | 182,314,756 | ||||||||
| Gross Profit | 2,758,077 | 599,152,286 | 527,475,023 | 470,002,135 | 462,021,190 | 334,547,182 | ||||||||
| Admin Expenses | -18,360,126 | 300,484,408 | 273,614,896 | 224,752,687 | 259,657,702 | 236,146,295 | ||||||||
| Operating Profit | 21,118,203 | 298,667,878 | 253,860,127 | 245,249,448 | 202,363,488 | 98,400,887 | ||||||||
| Interest Payable | 434,200 | 20,511,656 | 80,003,028 | 41,776,386 | 69,926,650 | 71,564,281 | ||||||||
| Interest Receivable | 1,419,227 | 27,096,578 | 4,995,458 | 1,067,539 | 244,498 | 0 | ||||||||
| Pre-Tax Profit | 22,103,231 | 340,826,521 | 178,852,558 | 223,898,655 | 148,736,756 | -22,878,404 | ||||||||
| Tax | -3,264,775 | -77,126,854 | -50,484,408 | -46,758,238 | 47,840,261 | -3,879,037 | ||||||||
| Profit After Tax | 18,838,455 | 263,699,667 | 128,368,150 | 177,140,417 | 196,577,017 | -26,757,441 | ||||||||
| Dividends Paid | 0 | 124,886,467 | 117,090,524 | 0 | 0 | 0 | ||||||||
| Retained Profit | 18,838,455 | 138,813,200 | 11,277,626 | 176,998,078 | 196,577,017 | -26,757,441 | ||||||||
| Employee Costs | 25,356,186 | 175,219,497 | 158,492,280 | 141,128,745 | 151,018,745 | 139,803,673 | ||||||||
| Number Of Employees | 60 | 1,800 | 1,803 | 1,792 | 1,581 | 1,655 | ||||||||
| EBITDA* | 21,118,203 | 307,901,907 | 263,926,733 | 323,535,691 | 319,478,403 | 215,801,140 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 285,649,410 | 343,778,383 | 224,396,840 | 196,169,519 | 0 | 77,739,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 1,608,840,448 | 1,603,844,989 | 1,554,764,785 | 1,842,705,786 | 0 | 1,884,895,503 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 6,055,101 | 605,510 | 48,822,147 | 0 | 0 | 1,504,116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 109,370,269 | 134,650,317 | 145,043,057 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1,785,119,588 | 1,812,973,054 | 1,779,161,625 | 2,038,875,305 | 0 | 1,962,634,578 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 284,677 | 0 | 0 | 395,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 30,199,818 | 35,119,588 | 23,699,381 | 29,095,355 | 0 | 70,535,149 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,656,476,753 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,000,788 | 36,103,542 | 39,055,404 | 0 | 38,467,807 | 0 | 3,245,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 324,704,813 | 132,758,098 | 56,152,587 | 221,923,390 | 0 | 139,566,181 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 11,807,448 | 8,023,009 | 164,685,787 | 39,038,305 | 0 | 35,069,664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,657,477,541 | 406,827,127 | 218,891,916 | 260,479,681 | 328,524,857 | 0 | 248,812,540 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 2,657,477,541 | 2,191,946,715 | 2,031,864,970 | 2,039,641,306 | 2,367,400,162 | 0 | 2,211,447,118 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 59,820,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 162,333 | 60,399,637 | 47,835,301 | 46,331,222 | 6,927,465 | 0 | 5,383,154 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 21,943,262 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 31,032,394 | 49,197,699 | 41,420,539 | 0 | 0 | 73,226,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 5,298,213 | 5,298,213 | 5,195,359 | 325,998 | 0 | 1,345,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,684,003 | 383,590,673 | 369,209,807 | 307,736,103 | 398,777,503 | 0 | 337,159,592 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 27,789,598 | 480,320,920 | 471,541,023 | 400,683,225 | 465,851,671 | 0 | 417,115,263 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 632,682,409 | 669,921,283 | 1,501,885,985 | 2,157,049,713 | 0 | 2,681,602,278 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 34,438,389 | 43,521,041 | 40,922,354 | 2,118,989 | 0 | 2,612,412 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 26,491,068 | 28,534,665 | 0 | 0 | 0 | 43,144,395 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 41,349,370 | 0 | 0 | 1,741,608 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 2,573,417 | 1,362,396 | 52,807,627 | 174,083,128 | 0 | 125,870,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 626,021,798 | 655,616,106 | 838,730,339 | 1,167,726,161 | 0 | 1,449,889,170 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 27,789,598 | 1,106,342,718 | 1,127,157,129 | 1,239,413,564 | 1,633,577,832 | 0 | 1,867,004,433 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 2,629,687,943 | 1,085,603,996 | 904,707,841 | 794,890,044 | 733,822,331 | 0 | 343,730,209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 2,629,687,943 | 1,085,603,996 | 904,707,841 | 794,890,043 | 733,822,331 | 0 | 343,730,209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 21,118,203 | 298,667,878 | 253,860,127 | 245,249,448 | 202,363,488 | 98,400,887 | ||||||||
| Depreciation | 0 | 7,341,810 | 8,552,831 | 13,451,000 | 10,920,945 | 12,191,260 | ||||||||
| Amortisation | 0 | 1,892,219 | 1,513,775 | 64,835,243 | 106,193,969 | 105,208,993 | ||||||||
| Tax | -3,264,775 | -77,126,854 | -50,484,408 | -46,758,238 | 47,840,261 | -3,879,037 | ||||||||
| Stock | 0 | 0 | -284,677 | 284,677 | -395,820 | -395,820 | 395,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,481,803,912 | -33,151,680 | 40,082,872 | 101,179,275 | -6,217,711 | -73,780,873 | 73,780,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -60,237,304 | 12,564,335 | 1,504,079 | 39,403,757 | 1,544,311 | -5,383,154 | 5,383,154 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -404,397,738 | 12,337,269 | 90,008,369 | -91,041,400 | 18,473,516 | -380,303,987 | 380,303,987 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,573,417 | 1,211,021 | -51,445,231 | -121,275,501 | 48,212,325 | -125,870,803 | 125,870,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,931,158,943 | 290,039,358 | 213,711,347 | 2,400,357 | 442,162,346 | 649,303,354 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -6,055,101 | 5,449,591 | -48,216,637 | 48,822,147 | -1,504,116 | -1,504,116 | 1,504,116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -59,820,700 | 59,820,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 21,943,262 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -31,032,394 | -18,165,305 | 7,777,160 | 41,420,539 | -73,226,725 | -73,226,725 | 73,226,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -632,682,409 | -37,238,874 | -831,964,702 | -655,163,728 | -524,552,565 | -2,681,602,278 | 2,681,602,278 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -39,736,602 | -9,082,652 | 2,701,541 | 43,672,726 | -1,513,213 | -3,958,200 | 3,958,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -41,349,370 | 41,349,370 | -1,741,608 | -1,741,608 | 1,741,608 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 985,027 | 6,584,922 | -75,007,570 | -40,708,847 | -69,682,152 | -71,564,281 | ||||||||
| cash flow from financing | 844,722,376 | -15,818,954 | -839,302,769 | -745,181,005 | -417,380,458 | 3,059,452,180 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -324,704,813 | 191,946,715 | 76,605,511 | -165,770,803 | 82,357,209 | -139,566,181 | 139,566,181 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -324,704,813 | 191,946,715 | 76,605,511 | -165,770,802 | 82,357,208 | -139,566,181 | 139,566,181 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
avast limited Credit Report and Business Information
Avast Limited Competitor Analysis
Perform a competitor analysis for avast limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC2M area or any other competitors across 12 key performance metrics.
avast limited Ownership
AVAST LIMITED group structure
Avast Limited has no subsidiary companies.
Ultimate parent company
GEN DIGITAL INC
#0153543
2 parents
AVAST LIMITED
07118170
avast limited directors
Avast Limited currently has 2 directors. The longest serving directors include Mr Whitney Clark (Sep 2022) and Mr Bryan Ko (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Whitney Clark | United States | 60 years | Sep 2022 | - | Director |
| Mr Bryan Ko | 53 years | Sep 2022 | - | Director |
P&L
December 2022turnover
34.4m
-95%
operating profit
21.1m
-93%
gross margin
8.1%
-90.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6b
+1.42%
total assets
2.7b
+0.21%
cash
0
-1%
net assets
Total assets minus all liabilities
avast limited company details
company number
07118170
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
January 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
avast plc (September 2022)
avast limited (May 2018)
accountant
-
auditor
BDO
address
c/o company secretarial departme, 280 bishopsgate, london, EC2M 4AG
Bank
-
Legal Advisor
LATHAM & WATKINS LLP
avast 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 avast limited.
avast limited Companies House Filings - See Documents
| date | description | view/download |
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