Original Origin Ltd

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original origin ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07260446

Website

www.originalorigin.com

Registered Address

w8a knoll business centre, 325-327 old shoreham road, hove, BN3 7GS

Industry

Business and domestic software development

Telephone

447963911420

Next Accounts Due

February 2025

Group Structure

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Directors

Jared Cope14 Years

Kerryann Cope2 Years

Shareholders

kerryann cope 50%

jared cope 50%

original origin ltd Estimated Valuation

£803.6k

Pomanda estimates the enterprise value of ORIGINAL ORIGIN LTD at £803.6k based on Net Assets of £339.5k and 2.37x industry multiple (adjusted for liquidity).

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Original Origin Ltd is a live company located in hove, BN3 7GS with a Companies House number of 07260446. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2010, it's largest shareholder is kerryann cope with a 50% stake. Original Origin Ltd is a established, micro sized company, Pomanda has estimated its turnover at £272.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Original Origin Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £272.8k, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.5%)

EXPORT

Original Origin Ltd's latest turnover from May 2023 is estimated at £272.8 thousand and the company has net assets of £339.5 thousand. According to their latest financial statements, Original Origin Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Turnover	272,757	318,859	297,402	383,285	124,643	218,075	135,981	213,481	41,677	44,226	153,689	141,091	16,411
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	159,423	178,951	169,343	216,579	71,968	126,416	76,816	120,989	23,234	25,076	0	0	8,670
Gross Profit	113,335	139,908	128,058	166,706	52,675	91,660	59,165	92,492	18,443	19,150	153,689	141,091	7,741
Admin Expenses	128,227	15,352	54,248	21,425	64,806	12,911	66,297	121,317	41,976	6,409	30,360	46,684	-17,210
Operating Profit	-14,892	124,556	73,810	145,281	-12,131	78,749	-7,132	-28,825	-23,533	12,741	123,329	94,407	24,951
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	192	443	498	98	60	114
Pre-Tax Profit	-14,892	124,556	73,810	145,281	-12,131	78,749	-7,132	-28,633	-23,090	13,239	123,427	94,467	25,065
Tax	0	-23,666	-14,024	-27,603	0	-14,962	0	0	0	-2,780	-24,729	-18,922	-6,517
Profit After Tax	-14,892	100,890	59,786	117,678	-12,131	63,787	-7,132	-28,633	-23,090	10,459	98,698	75,545	18,548
Dividends Paid	0	0	0	0	0	0	0	0	0	0	75,000	45,000	0
Retained Profit	-14,892	100,890	59,786	117,678	-12,131	63,787	-7,132	-28,633	-23,090	10,459	23,698	30,545	18,548
Employee Costs	132,004	124,405	58,102	169,045	59,292	58,235	56,139	108,059	53,585	54,008	28,159	42,408	50,176
Number Of Employees	2	2	1	3	1	1	1	2	1	1	2	1	1
EBITDA*	-14,892	124,556	73,810	145,281	-12,131	78,749	-7,132	-28,807	-22,957	13,189	123,688	94,739	25,246

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Tangible Assets	270,548	222,581	133,720	80,748	52,442	3,634	231	412	292	868	590	808	950
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	270,548	222,581	133,720	80,748	52,442	3,634	231	412	292	868	590	808	950
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	126,137	157,792	156,443	144,601	58,041	111,076	47,607	64,154	11,700	10,920	2,964	7,440	3,810
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	217	0	0	0
Cash	0	0	0	0	0	0	0	0	76,618	100,583	98,531	64,264	45,673
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	126,137	157,792	156,443	144,601	58,041	111,076	47,607	64,154	88,318	111,720	101,495	71,704	49,483
total assets	396,685	380,373	290,163	225,349	110,483	114,710	47,838	64,566	88,610	112,588	102,085	72,512	50,433
Bank overdraft	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
Trade Creditors	42,174	25,970	36,650	31,622	34,434	26,380	23,445	33,041	28,451	0	0	0	31,884
Group/Directors Accounts	0	0	0	0	0	150	0	0	0	638	140	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	28,701	29,155	23,419	0
total current liabilities	42,174	25,970	36,650	31,622	34,434	26,530	23,445	33,041	28,451	29,339	29,295	23,419	31,884
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	15,000	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	15,000	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	57,174	25,970	36,650	31,622	34,434	26,530	23,445	33,041	28,451	29,339	29,295	23,419	31,884
net assets	339,511	354,403	253,513	193,727	76,049	88,180	24,393	31,525	60,159	83,249	72,790	49,093	18,549
total shareholders funds	339,511	354,403	253,513	193,727	76,049	88,180	24,393	31,525	60,159	83,249	72,790	49,093	18,549

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Operating Activities
Operating Profit	-14,892	124,556	73,810	145,281	-12,131	78,749	-7,132	-28,825	-23,533	12,741	123,329	94,407	24,951
Depreciation	0	0	0	0	0	0	0	18	576	448	359	332	295
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-23,666	-14,024	-27,603	0	-14,962	0	0	0	-2,780	-24,729	-18,922	-6,517
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-31,655	1,349	11,842	86,560	-53,035	63,469	-16,547	52,454	563	8,173	-4,476	3,630	3,810
Creditors	16,204	-10,680	5,028	-2,812	8,054	2,935	-9,596	4,590	28,451	0	0	-31,884	31,884
Accruals and Deferred Income	15,000	0	0	0	0	0	0	0	-28,701	-454	5,736	23,419	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	47,967	88,861	52,972	28,306	48,958	3,253	-181	-76,671	-23,770	1,782	109,171	63,722	46,803
Investing Activities
capital expenditure	-47,967	-88,861	-52,972	-28,306	-48,808	-3,403	181	-138	0	-726	-141	-190	-1,245
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-47,967	-88,861	-52,972	-28,306	-48,808	-3,403	181	-138	0	-726	-141	-190	-1,245
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-150	150	0	0	-638	498	140	0	0
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	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	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-1	0	0	-1	-1	1
interest	0	0	0	0	0	0	0	192	443	498	98	60	114
cash flow from financing	0	0	0	0	-150	150	0	191	-195	996	237	59	115
cash and cash equivalents
cash	0	0	0	0	0	0	0	-76,618	-23,965	2,052	34,267	18,591	45,673
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-76,618	-23,965	2,052	34,267	18,591	45,673

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ORIGINAL ORIGIN LTD group structure

Original Origin Ltd has no subsidiary companies.

Ultimate parent company

ORIGINAL ORIGIN LTD

07260446

ORIGINAL ORIGIN LTD Shareholders

kerryann cope	50%
jared cope	50%

Original Origin Ltd currently has 2 directors. The longest serving directors include Mr Jared Cope (May 2010) and Mrs Kerryann Cope (Mar 2022).

officer	country	age	start	end	role
Mr Jared Cope	United Kingdom	46 years	May 2010	-	Director
Mrs Kerryann Cope	United Kingdom	47 years	Mar 2022	-	Director

P&L

May 2023

turnover

272.8k

-14%

operating profit

-14.9k

gross margin

41.6%

-5.3%

turnover

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

Balance Sheet

May 2023

net assets

339.5k

-0.04%

total assets

396.7k

+0.04%

cash

net assets

Total assets minus all liabilities

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company number

07260446

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

May 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

w8a knoll business centre, 325-327 old shoreham road, hove, BN3 7GS

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 original origin ltd.

original origin ltd Company Information

original origin ltd Estimated Valuation

original origin ltd Estimated Valuation

original origin ltd Estimated Valuation

Original Origin Ltd Overview

Original Origin Ltd Health Check

ORIGINAL ORIGIN LTD financials

original origin ltd Credit Report and Business Information

Original Origin Ltd Competitor Analysis

original origin ltd Ownership

original origin ltd directors

original origin ltd company details

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original origin ltd Companies House Filings - See Documents