Pomanda estimates the enterprise value of SMARTERPAY LTD at £1.7m based on a Turnover of £2.1m and 0.79x industry multiple (adjusted for size and gross margin).
smarterpay ltdEstimated Valuation
£2.5m
Pomanda estimates the enterprise value of SMARTERPAY LTD at £2.5m based on an EBITDA of £557.6k and a 4.48x industry multiple (adjusted for size and gross margin).
smarterpay ltdEstimated Valuation
£152.5k
Pomanda estimates the enterprise value of SMARTERPAY LTD at £152.5k based on Net Assets of £71k and 2.15x industry multiple (adjusted for liquidity).
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Smarterpay LtdOverview
Smarterpay Ltd is a live company located in hull, HU2 8PX with a Companies House number of 07333064. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2010, it's largest shareholder is
e friend limited
with a 100% stake. Smarterpay Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£2.1m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Smarterpay Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
4 Regular
5 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£3.7m)
£2.1m - Smarterpay Ltd
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Smarterpay Ltd
- - Industry AVG
Production
with a gross margin of 67.4%, this company has a comparable cost of product (67.4%)
67.4% - Smarterpay Ltd
67.4% - Industry AVG
Profitability
an operating margin of 15.5% make it more profitable than the average company (4.2%)
15.5% - Smarterpay Ltd
4.2% - Industry AVG
Employees
with 20 employees, this is below the industry average (32)
20 - Smarterpay Ltd
32 - Industry AVG
Pay Structure
on an average salary of £65.8k, the company has an equivalent pay structure (£65.8k)
£65.8k - Smarterpay Ltd
£65.8k - Industry AVG
Efficiency
resulting in sales per employee of £105.4k, this is less efficient (£149.2k)
£105.4k - Smarterpay Ltd
£149.2k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (44 days)
37 days - Smarterpay Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is close to average (38 days)
39 days - Smarterpay Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smarterpay Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 11 weeks, this is less cash available to meet short term requirements (18 weeks)
11 weeks - Smarterpay Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (61.9%)
97.9% - Smarterpay Ltd
61.9% - Industry AVG
SMARTERPAY LTD financials
EXPORT
Smarterpay Ltd's latest turnover from June 2024 is estimated at £2.1 million and the company has net assets of £71 thousand. According to their latest financial statements, Smarterpay Ltd has 20 employees and maintains cash reserves of £182.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Dec 2020
Dec 2019
Dec 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Turnover
2,108,347
2,095,353
959,142
1,070,309
1,215,512
1,270,844
1,415,890
373,064
364,252
194,628
115,672
23,686
9,693
Other Income Or Grants
Cost Of Sales
687,720
810,128
306,093
311,474
353,160
401,470
542,029
130,814
113,281
79,433
34,949
6,783
2,920
Gross Profit
1,420,627
1,285,224
653,049
758,835
862,352
869,373
873,861
242,250
250,971
115,195
80,723
16,903
6,773
Admin Expenses
1,093,170
916,007
948,440
822,298
840,153
1,166,021
843,002
175,670
251,186
82,868
79,028
17,387
7,593
Operating Profit
327,457
369,217
-295,391
-63,463
22,199
-296,648
30,859
66,580
-215
32,327
1,695
-484
-820
Interest Payable
304,447
159,523
587
587
Interest Receivable
9,674
5,690
262
31
306
145
96
130
134
101
39
12
7
Pre-Tax Profit
32,684
215,384
-295,129
-63,432
21,917
-297,091
30,956
66,710
-81
32,428
1,734
-472
-813
Tax
-8,171
-53,846
-4,164
-5,882
-13,342
-6,810
-399
Profit After Tax
24,513
161,538
-295,129
-63,432
17,753
-297,091
25,074
53,368
-81
25,618
1,335
-472
-813
Dividends Paid
Retained Profit
24,513
161,538
-295,129
-63,432
17,753
-297,091
25,074
53,368
-81
25,618
1,335
-472
-813
Employee Costs
1,315,229
938,541
940,363
898,131
834,973
723,000
680,659
196,960
142,122
96,247
46,974
45,950
44,876
Number Of Employees
20
16
17
16
15
13
13
4
3
2
1
1
1
EBITDA*
557,566
375,711
-286,821
-58,361
25,318
-295,321
30,859
67,120
325
32,710
1,997
-224
-560
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Dec 2020
Dec 2019
Dec 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Tangible Assets
61,070
14,524
14,391
18,535
18,837
4,405
2,959
3,118
3,658
2,628
2,200
2,080
2,340
Intangible Assets
2,613,428
Investments & Other
299,746
2,875,074
Debtors (Due After 1 year)
Total Fixed Assets
2,974,244
2,889,598
14,391
18,535
18,837
4,405
2,959
3,118
3,658
2,628
2,200
2,080
2,340
Stock & work in progress
19,874
35,000
Trade Debtors
214,446
324,753
72,359
95,203
115,397
141,376
248,060
58,015
55,668
28,940
17,040
3,500
Group Debtors
15,000
78,930
Misc Debtors
6,120
24,665
13,652
77,792
103,618
96,043
Cash
182,858
185,672
41,917
19,679
42,978
38,560
77,149
26,714
26,952
13,485
2,055
2,822
misc current assets
980
total current assets
418,424
535,090
127,928
271,604
261,993
275,979
249,040
155,038
117,382
55,892
30,525
5,555
2,822
total assets
3,392,668
3,424,688
142,319
290,139
280,830
280,384
251,999
158,156
121,040
58,520
32,725
7,635
5,162
Bank overdraft
Bank loan
17,407
Trade Creditors
73,567
62,419
32,941
17,717
23,368
37,614
124,046
39,716
42,985
32,752
32,575
8,919
5,974
Group/Directors Accounts
189,587
233,059
44,918
13,058
110,724
140,182
other short term finances
hp & lease commitments
other current liabilities
544,467
182,288
179,487
318,003
321,945
278,141
total current liabilities
807,621
477,766
257,346
348,778
456,037
473,344
124,046
39,716
42,985
32,752
32,575
8,919
5,974
loans
2,511,977
2,900,411
hp & lease commitments
Accruals and Deferred Income
800
other liabilities
23,124
39,385
52,368
provisions
2,046
total long term liabilities
2,514,023
2,900,411
23,924
39,385
52,368
total liabilities
3,321,644
3,378,177
257,346
348,778
456,037
473,344
147,970
79,101
95,353
32,752
32,575
8,919
5,974
net assets
71,024
46,511
-115,027
-58,639
-175,207
-192,960
104,029
79,055
25,687
25,768
150
-1,284
-812
total shareholders funds
71,024
46,511
-115,027
-58,639
-175,207
-192,960
104,029
79,055
25,687
25,768
150
-1,284
-812
Jun 2024
Jun 2023
Jun 2022
Dec 2020
Dec 2019
Dec 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Operating Activities
Operating Profit
327,457
369,217
-295,391
-63,463
22,199
-296,648
30,859
66,580
-215
32,327
1,695
-484
-820
Depreciation
18,209
6,494
8,570
5,102
3,119
1,327
540
540
383
302
260
260
Amortisation
211,900
Tax
-8,171
-53,846
-4,164
-5,882
-13,342
-6,810
-399
Stock
-19,874
-15,126
35,000
Debtors
-113,852
263,407
86,011
32,910
-18,404
-10,641
190,045
2,347
26,728
11,900
13,540
3,500
Creditors
11,148
29,478
32,941
-5,651
-14,246
-86,432
84,330
-3,269
10,233
177
23,656
2,945
5,974
Accruals and Deferred Income
362,179
2,801
179,487
-3,942
43,804
277,341
800
Deferred Taxes & Provisions
2,046
Cash flow from operations
1,038,620
90,737
-160,404
-100,864
69,116
-93,771
-60,064
63,288
-51,170
14,177
11,714
-779
5,414
Investing Activities
capital expenditure
-2,890,083
-6,627
-22,961
-4,800
-17,551
-2,773
159
-1,570
-811
-422
-2,600
Change in Investments
-2,575,328
2,875,074
cash flow from investments
-314,755
-2,881,701
-22,961
-4,800
-17,551
-2,773
159
-1,570
-811
-422
-2,600
Financing Activities
Bank loans
-17,407
17,407
Group/Directors Accounts
-43,472
188,141
44,918
-97,666
-29,458
140,182
Other Short Term Loans
Long term loans
-388,434
2,900,411
Hire Purchase and Lease Commitments
other long term liabilities
-23,124
-16,261
-12,983
52,368
share issue
180,102
180,000
102
-100
99
1
interest
-294,773
-153,833
262
31
-281
-442
96
130
134
101
39
12
7
cash flow from financing
-726,679
2,934,719
225,282
82,365
-47,146
134,125
-16,265
-12,853
52,502
101
138
12
8
cash and cash equivalents
cash
-2,814
143,755
41,917
-23,299
4,418
38,560
-77,149
50,435
-238
13,467
11,430
-767
2,822
overdraft
change in cash
-2,814
143,755
41,917
-23,299
4,418
38,560
-77,149
50,435
-238
13,467
11,430
-767
2,822
smarterpay ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for smarterpay ltd. Get real-time insights into smarterpay ltd's credit score, group structure and payment trends.
Perform a competitor analysis for smarterpay ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in HU2 area or any other competitors across 12 key performance metrics.
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 2 charges/mortgages relating to smarterpay ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
smarterpay ltd 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.
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smarterpay ltdCompanies House Filings - See Documents
