memrise limited
memrise limited Company Information
Company Number
07463911
Next Accounts
Sep 2025
Shareholders
memrise inc.
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
27 old gloucester street, london, WC1N 3AX
Website
www.memrise.commemrise limited Estimated Valuation
Pomanda estimates the enterprise value of MEMRISE LIMITED at £8.2m based on a Turnover of £7.7m and 1.07x industry multiple (adjusted for size and gross margin).
memrise limited Estimated Valuation
Pomanda estimates the enterprise value of MEMRISE LIMITED at £10.3m based on an EBITDA of £1.7m and a 6.22x industry multiple (adjusted for size and gross margin).
memrise limited Estimated Valuation
Pomanda estimates the enterprise value of MEMRISE LIMITED at £0 based on Net Assets of £-16.2m and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Memrise Limited Overview
Memrise Limited is a live company located in london, WC1N 3AX with a Companies House number of 07463911. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2010, it's largest shareholder is memrise inc. with a 100% stake. Memrise Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.7m with declining growth in recent years.
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Memrise Limited Health Check
Pomanda's financial health check has awarded Memrise Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £7.7m, make it larger than the average company (£2.5m)
£7.7m - Memrise Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.3%)
-3% - Memrise Limited
8.3% - Industry AVG
Production
with a gross margin of 81.7%, this company has a lower cost of product (64.5%)
81.7% - Memrise Limited
64.5% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (4.1%)
-11.8% - Memrise Limited
4.1% - Industry AVG
Employees
with 40 employees, this is above the industry average (27)
40 - Memrise Limited
27 - Industry AVG
Pay Structure
on an average salary of £60.7k, the company has an equivalent pay structure (£50.9k)
£60.7k - Memrise Limited
£50.9k - Industry AVG
Efficiency
resulting in sales per employee of £191.6k, this is more efficient (£88.2k)
£191.6k - Memrise Limited
£88.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (38 days)
20 days - Memrise Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (33 days)
18 days - Memrise Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Memrise Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (64 weeks)
2 weeks - Memrise Limited
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 434.4%, this is a higher level of debt than the average (43.7%)
434.4% - Memrise Limited
43.7% - Industry AVG
MEMRISE LIMITED financials
Memrise Limited's latest turnover from December 2023 is £7.7 million and the company has net assets of -£16.2 million. According to their latest financial statements, Memrise Limited has 40 employees and maintains cash reserves of £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 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,663,769 | 8,197,222 | 8,368,523 | 8,424,247 | 8,412,681 | 8,575,383 | 4,941,025 | 1,803,604 | |||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 1,399,585 | 1,619,718 | 1,621,142 | 1,750,283 | 1,773,951 | 2,083,591 | 1,997,344 | 625,774 | |||||
| Gross Profit | 6,264,184 | 6,577,504 | 6,747,381 | 6,673,964 | 6,638,730 | 6,491,792 | 2,943,681 | 1,177,830 | |||||
| Admin Expenses | 7,166,601 | 11,190,253 | 9,648,463 | 8,470,119 | 8,852,330 | 9,735,384 | 5,308,893 | 2,677,247 | |||||
| Operating Profit | -902,417 | -4,612,749 | -2,901,082 | -1,796,155 | -2,213,600 | -3,243,592 | -2,365,212 | -1,499,417 | |||||
| Interest Payable | 8,632 | ||||||||||||
| Interest Receivable | 2,596 | 949 | 5,056 | 205 | 514 | ||||||||
| Pre-Tax Profit | -908,453 | -4,611,800 | -2,896,026 | -1,795,950 | -2,213,086 | -3,243,592 | -2,365,212 | -1,499,417 | |||||
| Tax | 814,995 | 1,943,651 | 1,134,666 | 304,135 | 260,107 | ||||||||
| Profit After Tax | -908,453 | -3,796,805 | -952,375 | -1,795,950 | -1,078,420 | -3,243,592 | -2,061,077 | -1,239,310 | |||||
| Dividends Paid | |||||||||||||
| Retained Profit | -908,453 | -3,796,805 | -952,375 | -1,795,950 | -1,078,420 | -3,243,592 | -2,061,077 | -1,239,310 | |||||
| Employee Costs | 2,427,220 | 2,726,616 | 3,377,916 | 3,547,974 | 3,797,688 | 2,660,596 | |||||||
| Number Of Employees | 40 | 48 | 71 | 80 | 87 | 71 | 48 | 36 | |||||
| EBITDA* | 1,660,030 | -1,781,221 | -8,882 | 812,485 | 172,961 | -1,065,385 | -521,219 | -630,637 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 49,768 | 294,171 | 497,308 | 696,744 | 910,730 | 854,641 | 97,614 | 79,092 | 46,018 | 25,625 | 18,867 | 4,218 | 2,354 |
| Intangible Assets | 3,223,151 | 3,704,031 | 3,907,282 | 4,008,520 | 3,773,423 | 3,002,845 | 2,729,134 | 2,859,463 | 2,040,795 | 1,409,992 | 751,140 | 219,308 | |
| Investments & Other | 29,810 | 29,810 | |||||||||||
| Debtors (Due After 1 year) | 412,350 | 412,350 | 412,350 | ||||||||||
| Total Fixed Assets | 3,272,919 | 3,998,202 | 4,816,940 | 5,117,614 | 5,096,503 | 3,857,486 | 2,826,748 | 2,938,555 | 2,086,813 | 1,465,427 | 799,817 | 223,526 | 2,354 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 435,330 | 399,766 | 393,638 | 398,816 | 398,829 | 474,439 | 610,872 | 222,453 | 5,818 | 61,265 | 57,621 | 33,920 | |
| Group Debtors | |||||||||||||
| Misc Debtors | 113,716 | 1,577,861 | 1,072,197 | 153,617 | 1,531,877 | 1,267,880 | 275,671 | 43,704 | 9,417 | ||||
| Cash | 1,020,498 | 731,151 | 1,318,729 | 717,765 | 386,242 | 443,724 | 85,724 | 181,749 | 85,005 | 55,863 | 87,278 | 42,468 | 36,695 |
| misc current assets | |||||||||||||
| total current assets | 1,569,544 | 2,708,778 | 2,784,564 | 1,270,198 | 2,316,948 | 2,186,043 | 972,267 | 447,906 | 100,240 | 117,128 | 144,899 | 76,388 | 36,695 |
| total assets | 4,842,463 | 6,706,980 | 7,601,504 | 6,387,812 | 7,413,451 | 6,043,529 | 3,799,015 | 3,386,461 | 2,187,053 | 1,582,555 | 944,716 | 299,914 | 39,049 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 71,627 | 207,720 | 115,167 | 85,664 | 174,530 | 181,488 | 248,444 | 26,834 | 51,931 | 1,897 | 7,403 | 22,204 | 18,090 |
| Group/Directors Accounts | 17,216,369 | 17,581,430 | 15,417,037 | 13,178,357 | 12,257,811 | 10,127,317 | 5,469,833 | 5,559,443 | |||||
| other short term finances | 251,132 | ||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 3,496,912 | 4,416,046 | 3,858,301 | 3,990,962 | 4,171,896 | 3,885,679 | 3,063,802 | 946,800 | 239,964 | 10,695 | |||
| total current liabilities | 21,036,040 | 22,205,196 | 19,390,505 | 17,254,983 | 16,604,237 | 14,194,484 | 8,782,079 | 6,533,077 | 291,895 | 12,592 | 7,403 | 22,204 | 18,090 |
| loans | 3,802,464 | 2,384,660 | 1,537,408 | 580,206 | 71,991 | ||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | 3,802,464 | 2,384,660 | 1,537,408 | 580,206 | 71,991 | ||||||||
| total liabilities | 21,036,040 | 22,205,196 | 19,390,505 | 17,254,983 | 16,604,237 | 14,194,484 | 8,782,079 | 6,533,077 | 4,094,359 | 2,397,252 | 1,544,811 | 602,410 | 90,081 |
| net assets | -16,193,577 | -15,498,216 | -11,789,001 | -10,867,171 | -9,190,786 | -8,150,955 | -4,983,064 | -3,146,616 | -1,907,306 | -814,697 | -600,095 | -302,496 | -51,032 |
| total shareholders funds | -16,193,577 | -15,498,216 | -11,789,001 | -10,867,171 | -9,190,786 | -8,150,955 | -4,983,064 | -3,146,616 | -1,907,306 | -814,697 | -600,095 | -302,496 | -51,032 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -902,417 | -4,612,749 | -2,901,082 | -1,796,155 | -2,213,600 | -3,243,592 | -2,365,212 | -1,499,417 | |||||
| Depreciation | 161,619 | 231,555 | 241,963 | 250,147 | 239,183 | 122,570 | 32,539 | 26,364 | 18,605 | 8,542 | 6,289 | 1,406 | 784 |
| Amortisation | 2,400,828 | 2,599,973 | 2,650,237 | 2,358,493 | 2,147,378 | 2,055,637 | 1,811,454 | 842,416 | 510,199 | ||||
| Tax | 814,995 | 1,943,651 | 1,134,666 | 304,135 | 260,107 | ||||||||
| Stock | |||||||||||||
| Debtors | -1,428,581 | 99,442 | 913,402 | -1,378,273 | 600,737 | 855,776 | 620,386 | 250,922 | -46,030 | 3,644 | 23,701 | 33,920 | |
| Creditors | -136,093 | 92,553 | 29,503 | -88,866 | -6,958 | -66,956 | 221,610 | -25,097 | 50,034 | -5,506 | -14,801 | 4,114 | 18,090 |
| Accruals and Deferred Income | -919,134 | 557,745 | -132,661 | -180,934 | 286,217 | 821,877 | 2,117,002 | 706,836 | 229,269 | 10,695 | |||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | 2,033,384 | -415,370 | 918,209 | 1,920,958 | 986,149 | -1,166,240 | 1,501,142 | 60,287 | |||||
| Investing Activities | |||||||||||||
| capital expenditure | -3,208,944 | ||||||||||||
| Change in Investments | -29,810 | 29,810 | |||||||||||
| cash flow from investments | -3,208,944 | ||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -365,061 | 2,164,393 | 2,238,680 | 920,546 | 2,130,494 | 4,657,484 | -89,610 | 5,559,443 | |||||
| Other Short Term Loans | 251,132 | ||||||||||||
| Long term loans | -3,802,464 | 1,417,804 | 847,252 | 957,202 | 508,215 | 71,991 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -6,036 | 949 | 5,056 | 205 | 514 | ||||||||
| cash flow from financing | 93,127 | 2,252,932 | 2,274,281 | 1,040,316 | 2,169,597 | 4,733,185 | 135,019 | 1,756,979 | |||||
| cash and cash equivalents | |||||||||||||
| cash | 289,347 | -587,578 | 600,964 | 331,523 | -57,482 | 358,000 | -96,025 | 96,744 | 29,142 | -31,415 | 44,810 | 5,773 | 36,695 |
| overdraft | |||||||||||||
| change in cash | 289,347 | -587,578 | 600,964 | 331,523 | -57,482 | 358,000 | -96,025 | 96,744 | 29,142 | -31,415 | 44,810 | 5,773 | 36,695 |
memrise limited Credit Report and Business Information
Memrise Limited Competitor Analysis
Perform a competitor analysis for memrise limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in WC1N area or any other competitors across 12 key performance metrics.
memrise limited Ownership
MEMRISE LIMITED group structure
Memrise Limited has no subsidiary companies.
Ultimate parent company
MEMRISE INC
#0082139
1 parent
MEMRISE LIMITED
07463911
memrise limited directors
Memrise Limited currently has 2 directors. The longest serving directors include Mr Edward Cooke (Dec 2010) and Mr Benjamin Whately (Dec 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Cooke | England | 43 years | Dec 2010 | - | Director |
| Mr Benjamin Whately | United Kingdom | 44 years | Dec 2010 | - | Director |
P&L
December 2023turnover
7.7m
-7%
operating profit
-902.4k
-80%
gross margin
81.8%
+1.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-16.2m
+0.04%
total assets
4.8m
-0.28%
cash
1m
+0.4%
net assets
Total assets minus all liabilities
memrise limited company details
company number
07463911
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
85590 - Other education n.e.c.
incorporation date
December 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
27 old gloucester street, london, WC1N 3AX
Bank
-
Legal Advisor
-
memrise 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 2 charges/mortgages relating to memrise limited. Currently there are 0 open charges and 2 have been satisfied in the past.
memrise limited 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.
Click to start generating capital raising & share issue transactions for MEMRISE LIMITED. This can take several minutes, an email will notify you when this has completed.
memrise limited Companies House Filings - See Documents
| date | description | view/download |
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