dext software limited
dext software limited Company Information
Company Number
07361080
Website
www.receipt-bank.comRegistered Address
unit 1.2 techspace shoreditch, 25 luke street, london, EC2A 4DS
Industry
Business and domestic software development
Telephone
02036995005
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
dext bidco limited 100%
dext software limited Estimated Valuation
Pomanda estimates the enterprise value of DEXT SOFTWARE LIMITED at £79.1m based on a Turnover of £47.1m and 1.68x industry multiple (adjusted for size and gross margin).
dext software limited Estimated Valuation
Pomanda estimates the enterprise value of DEXT SOFTWARE LIMITED at £29.2m based on an EBITDA of £2.6m and a 11.2x industry multiple (adjusted for size and gross margin).
dext software limited Estimated Valuation
Pomanda estimates the enterprise value of DEXT SOFTWARE LIMITED at £0 based on Net Assets of £-619.1k and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Dext Software Limited Overview
Dext Software Limited is a live company located in london, EC2A 4DS with a Companies House number of 07361080. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2010, it's largest shareholder is dext bidco limited with a 100% stake. Dext Software Limited is a established, large sized company, Pomanda has estimated its turnover at £47.1m with healthy growth in recent years.
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Dext Software Limited Health Check
Pomanda's financial health check has awarded Dext Software 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
2 Regular
4 Weak
Size
annual sales of £47.1m, make it larger than the average company (£4.5m)
£47.1m - Dext Software Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.9%)
11% - Dext Software Limited
9.9% - Industry AVG
Production
with a gross margin of 72.2%, this company has a comparable cost of product (72.4%)
72.2% - Dext Software Limited
72.4% - Industry AVG
Profitability
an operating margin of 5.4% make it more profitable than the average company (3.6%)
5.4% - Dext Software Limited
3.6% - Industry AVG
Employees
with 143 employees, this is above the industry average (40)
143 - Dext Software Limited
40 - Industry AVG
Pay Structure
on an average salary of £89.9k, the company has a higher pay structure (£71.9k)
£89.9k - Dext Software Limited
£71.9k - Industry AVG
Efficiency
resulting in sales per employee of £329.1k, this is more efficient (£121k)
£329.1k - Dext Software Limited
£121k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (58 days)
3 days - Dext Software Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (40 days)
24 days - Dext Software Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dext Software Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (18 weeks)
12 weeks - Dext Software Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.1%, this is a higher level of debt than the average (61.5%)
101.1% - Dext Software Limited
61.5% - Industry AVG
DEXT SOFTWARE LIMITED financials
Dext Software Limited's latest turnover from December 2023 is £47.1 million and the company has net assets of -£619.1 thousand. According to their latest financial statements, Dext Software Limited has 143 employees and maintains cash reserves of £9.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,068,171 | 37,667,305 | 27,879,410 | 34,053,726 | 28,537,429 | 18,619,036 | 11,666,957 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 13,089,129 | 11,069,051 | 10,648,274 | 3,788,010 | 3,407,609 | 2,417,249 | 1,761,802 | ||||||
| Gross Profit | 33,979,042 | 26,598,254 | 17,231,136 | 30,265,716 | 25,129,820 | 16,201,787 | 9,905,155 | ||||||
| Admin Expenses | 31,448,469 | 25,283,393 | 34,216,057 | 42,964,973 | 36,929,282 | 33,695,888 | 17,511,696 | ||||||
| Operating Profit | 2,530,573 | 1,314,861 | -16,984,921 | -12,699,257 | -11,799,462 | -17,494,101 | -7,606,541 | ||||||
| Interest Payable | 2,734,888 | 2,375,613 | 865,802 | 709,559 | 587,828 | 125,930 | 137,063 | ||||||
| Interest Receivable | 34,717 | 41,873 | 38,297 | 1,255 | 4,765 | 1,380 | 1,056 | ||||||
| Pre-Tax Profit | -5,988,530 | -1,018,879 | -17,812,426 | -13,407,561 | -12,382,525 | -17,618,651 | -7,742,548 | ||||||
| Tax | 2,818,697 | -1,287 | 1,780,534 | 879,957 | 120,466 | 472,824 | 534,299 | ||||||
| Profit After Tax | -3,169,833 | -1,020,166 | -16,031,892 | -12,527,604 | -12,262,059 | -17,145,827 | -7,208,249 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -3,169,833 | -1,020,166 | -16,031,892 | -12,527,604 | -12,262,059 | -17,145,827 | -7,208,249 | ||||||
| Employee Costs | 12,861,361 | 12,069,445 | 12,960,401 | 24,828,180 | 22,655,207 | 16,292,286 | 7,600,653 | ||||||
| Number Of Employees | 143 | 142 | 158 | 440 | 386 | 318 | 181 | ||||||
| EBITDA* | 2,608,187 | 1,428,420 | -16,858,606 | -11,999,310 | -11,376,008 | -17,249,645 | -7,463,494 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 148,089 | 52,865 | 154,314 | 268,102 | 572,542 | 728,011 | 236,959 | 49,165 | 34,723 | 17,456 | 2,008 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 2,675,689 | 0 | 0 | 0 | 0 | 0 | 0 | 347,863 | 23,205 | 29,072 |
| Investments & Other | 4,643,994 | 10,364,038 | 4,644,994 | 0 | 0 | 0 | 0 | 201 | 592 | 545 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,525,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,317,083 | 10,416,903 | 4,799,308 | 2,943,791 | 572,542 | 728,011 | 236,959 | 49,366 | 35,315 | 18,001 | 349,871 | 23,205 | 29,072 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 451,597 | 414,822 | 437,598 | 719,380 | 1,548,148 | 2,060,915 | 1,279,585 | 265,428 | 167,020 | 44,159 | 22,188 | 4,675 | 2,692 |
| Group Debtors | 34,978,698 | 19,557,617 | 8,433,880 | 0 | 0 | 0 | 0 | 1,316,108 | 1,330,095 | 267,618 | 0 | 0 | 0 |
| Misc Debtors | 2,795,094 | 1,628,421 | 3,736,508 | 959,704 | 3,974,468 | 2,859,789 | 1,815,036 | 612,720 | 58,550 | 36,026 | 0 | 0 | 0 |
| Cash | 9,128,433 | 27,024,305 | 5,557,023 | 23,795,450 | 7,933,386 | 4,247,897 | 10,066,359 | 2,179,412 | 361,031 | 1,231,568 | 3,854 | 2,892 | 33 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 47,353,822 | 48,625,165 | 18,165,009 | 25,474,534 | 13,456,002 | 9,168,601 | 13,160,980 | 4,373,668 | 1,916,696 | 1,579,371 | 26,042 | 7,567 | 2,725 |
| total assets | 54,670,905 | 59,042,068 | 22,964,317 | 28,418,325 | 14,028,544 | 9,896,612 | 13,397,939 | 4,423,034 | 1,952,011 | 1,597,372 | 375,913 | 30,772 | 31,797 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 5,000,000 | 5,000,000 | 0 | 181,818 | 121,212 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 875,570 | 430,525 | 404,316 | 639,353 | 4,126,396 | 2,038,823 | 449,337 | 352,013 | 400,668 | 67,449 | 544,596 | 122,210 | 74,400 |
| Group/Directors Accounts | 28,103,953 | 12,040,200 | 2,068,384 | 0 | 0 | 0 | 0 | 9,408 | 500,232 | 59,489 | 0 | 0 | 0 |
| other short term finances | 178,498 | 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 | 7,386,211 | 6,215,417 | 5,564,673 | 7,127,533 | 4,905,972 | 4,256,778 | 2,544,218 | 640,847 | 768,601 | 249,439 | 0 | 0 | 0 |
| total current liabilities | 36,544,232 | 18,686,142 | 8,037,373 | 12,766,886 | 14,032,368 | 6,295,601 | 3,175,373 | 1,123,480 | 1,669,501 | 376,377 | 544,596 | 122,210 | 74,400 |
| loans | 18,745,747 | 37,805,167 | 14,677,205 | 9,590,441 | 9,858,847 | 0 | 212,121 | 378,788 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 141,194 | 118,056 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 18,745,747 | 37,805,167 | 14,677,205 | 9,731,635 | 9,976,903 | 0 | 212,121 | 378,788 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 55,289,979 | 56,491,309 | 22,714,578 | 22,498,521 | 24,009,271 | 6,295,601 | 3,387,494 | 1,502,268 | 1,669,501 | 376,377 | 544,596 | 122,210 | 74,400 |
| net assets | -619,074 | 2,550,759 | 249,739 | 5,919,804 | -9,980,727 | 3,601,011 | 10,010,445 | 2,920,766 | 282,510 | 1,220,995 | -168,683 | -91,438 | -42,603 |
| total shareholders funds | -619,074 | 2,550,759 | 249,739 | 5,919,804 | -9,980,727 | 3,601,011 | 10,010,445 | 2,920,766 | 282,510 | 1,220,995 | -168,683 | -91,438 | -42,603 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 2,530,573 | 1,314,861 | -16,984,921 | -12,699,257 | -11,799,462 | -17,494,101 | -7,606,541 | ||||||
| Depreciation | 77,614 | 113,559 | 126,315 | 402,648 | 423,454 | 244,456 | 143,047 | 32,954 | 12,819 | 4,502 | 669 | 0 | 7,268 |
| Amortisation | 0 | 0 | 0 | 297,299 | 0 | 0 | 0 | 11,048 | 107,191 | 0 | 7,618 | 0 | |
| Tax | 2,818,697 | -1,287 | 1,780,534 | 879,957 | 120,466 | 472,824 | 534,299 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 19,149,529 | 8,992,874 | 10,928,902 | -3,843,532 | 601,912 | 1,826,083 | 900,365 | 638,591 | 1,207,862 | 325,615 | 17,513 | 1,983 | 2,692 |
| Creditors | 445,045 | 26,209 | -235,037 | -3,487,043 | 2,087,573 | 1,589,486 | 97,324 | -48,655 | 333,219 | -477,147 | 422,386 | 47,810 | 74,400 |
| Accruals and Deferred Income | 1,170,794 | 650,744 | -1,562,860 | 2,221,561 | 649,194 | 1,712,560 | 1,903,371 | -127,754 | 519,162 | 249,439 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -141,194 | 23,138 | 118,056 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -12,106,806 | -6,888,788 | -27,946,065 | -8,518,165 | -9,002,631 | -15,300,858 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | -777,142 | -229,000 | |||||||||
| Change in Investments | -5,720,044 | 5,719,044 | 4,644,994 | 0 | 0 | 0 | -201 | -391 | 47 | 545 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -777,142 | -228,799 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -5,000,000 | 0 | 5,000,000 | -181,818 | 60,606 | 121,212 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 16,063,753 | 9,971,816 | 2,068,384 | 0 | 0 | 0 | -9,408 | -490,824 | 440,743 | 59,489 | 0 | 0 | 0 |
| Other Short Term Loans | 178,498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -19,059,420 | 23,127,962 | 5,086,764 | -268,406 | 9,858,847 | -212,121 | -166,667 | 378,788 | 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 | |||||||||||||
| interest | -2,700,171 | -2,333,740 | -827,505 | -708,304 | -583,063 | -124,550 | -136,007 | ||||||
| cash flow from financing | -5,517,340 | 34,087,224 | 11,689,470 | 27,451,425 | 12,956,105 | 10,217,904 | 14,046,452 | ||||||
| cash and cash equivalents | |||||||||||||
| cash | -17,895,872 | 21,467,282 | -18,238,427 | 15,862,064 | 3,685,489 | -5,818,462 | 7,886,947 | 1,818,381 | -870,537 | 1,227,714 | 962 | 2,859 | 33 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -17,895,872 | 21,467,282 | -18,238,427 | 15,862,064 | 3,685,489 | -5,818,462 | 7,886,947 | 1,818,381 | -870,537 | 1,227,714 | 962 | 2,859 | 33 |
dext software limited Credit Report and Business Information
Dext Software Limited Competitor Analysis
Perform a competitor analysis for dext software limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC2A area or any other competitors across 12 key performance metrics.
dext software limited Ownership
DEXT SOFTWARE LIMITED group structure
Dext Software Limited has 1 subsidiary company.
Ultimate parent company
2 parents
DEXT SOFTWARE LIMITED
07361080
1 subsidiary
dext software limited directors
Dext Software Limited currently has 3 directors. The longest serving directors include Mr Stephen Rowley (Jul 2020) and Mr Nicholas Gilhespie (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Rowley | 66 years | Jul 2020 | - | Director | |
| Mr Nicholas Gilhespie | 51 years | Dec 2021 | - | Director | |
| Mr Sarbjit Gill | England | 56 years | Dec 2022 | - | Director |
P&L
December 2023turnover
47.1m
+25%
operating profit
2.5m
+92%
gross margin
72.2%
+2.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-619.1k
-1.24%
total assets
54.7m
-0.07%
cash
9.1m
-0.66%
net assets
Total assets minus all liabilities
dext software limited company details
company number
07361080
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
August 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
receipt bank limited (August 2021)
accountant
-
auditor
RSM UK AUDIT LLP
address
unit 1.2 techspace shoreditch, 25 luke street, london, EC2A 4DS
Bank
CANADIAN IMPERIAL BANK OF COMMERCE
Legal Advisor
-
dext software 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 17 charges/mortgages relating to dext software limited. Currently there are 16 open charges and 1 have been satisfied in the past.
dext software limited Companies House Filings - See Documents
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