blastworks limited
blastworks limited Company Information
Company Number
07467813
Next Accounts
Sep 2025
Industry
Ready-made interactive leisure and entertainment software development
Leasing of intellectual property and similar products, except copyrighted works
Shareholders
gaming realms plc
Group Structure
View All
Contact
Registered Address
2 valentine place, london, SE1 8QH
Website
http://gamingrealms.comblastworks limited Estimated Valuation
Pomanda estimates the enterprise value of BLASTWORKS LIMITED at £3.6m based on a Turnover of £4.6m and 0.78x industry multiple (adjusted for size and gross margin).
blastworks limited Estimated Valuation
Pomanda estimates the enterprise value of BLASTWORKS LIMITED at £19.5m based on an EBITDA of £4.8m and a 4.05x industry multiple (adjusted for size and gross margin).
blastworks limited Estimated Valuation
Pomanda estimates the enterprise value of BLASTWORKS LIMITED at £2.5m based on Net Assets of £1.5m and 1.64x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Blastworks Limited Overview
Blastworks Limited is a live company located in london, SE1 8QH with a Companies House number of 07467813. It operates in the ready-made interactive leisure and entertainment software development sector, SIC Code 62011. Founded in December 2010, it's largest shareholder is gaming realms plc with a 100% stake. Blastworks Limited is a established, small sized company, Pomanda has estimated its turnover at £4.6m with high growth in recent years.
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Blastworks Limited Health Check
Pomanda's financial health check has awarded Blastworks Limited a 2.5 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£6.3m)
£4.6m - Blastworks Limited
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (11.1%)
18% - Blastworks Limited
11.1% - Industry AVG
Production
with a gross margin of 70.6%, this company has a comparable cost of product (70.6%)
70.6% - Blastworks Limited
70.6% - Industry AVG
Profitability
an operating margin of 75.6% make it more profitable than the average company (9.5%)
75.6% - Blastworks Limited
9.5% - Industry AVG
Employees
with 20 employees, this is below the industry average (31)
- Blastworks Limited
31 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Blastworks Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £228.6k, this is less efficient (£306.4k)
- Blastworks Limited
£306.4k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (52 days)
22 days - Blastworks Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (51 days)
11 days - Blastworks Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Blastworks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Blastworks Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.7%, this is a higher level of debt than the average (51.5%)
74.7% - Blastworks Limited
51.5% - Industry AVG
BLASTWORKS LIMITED financials
Blastworks Limited's latest turnover from December 2023 is £4.6 million and the company has net assets of £1.5 million. According to their latest financial statements, we estimate that Blastworks Limited has 20 employees and maintains cash reserves of £120 thousand 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 | Sep 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,572,017 | 3,365,822 | 3,907,856 | 2,750,158 | 2,586,090 | 3,186,971 | 1,875,208 | 5,698,253 | 634,600 | 1,192,770 | 1,119,757 | 402,579 | |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | 3,457,596 | 2,017,328 | 2,199,500 | 746,612 | -388,259 | -1,263,810 | -2,876,010 | -2,234,723 | -1,617,647 | -1,676,683 | -1,512,936 | -1,042,341 | |
| Interest Payable | 2,472 | 2,638 | 4,026 | 3,503 | 3,373 | 2,917 | 3,069 | 2,600 | 1,724 | 1,693 | 1,204 | 562 | |
| Interest Receivable | 29,846 | 26,658 | 19,087 | 0 | 0 | 0 | 0 | 7 | 0 | 18 | 39 | 166 | |
| Pre-Tax Profit | 3,484,970 | 2,041,348 | 2,214,561 | 743,109 | -391,632 | -1,266,727 | -2,879,079 | -2,237,316 | -1,619,371 | -1,678,358 | -1,514,101 | -1,042,737 | |
| Tax | 59,209 | 411,691 | 122,296 | 130,331 | 131,743 | 279,856 | 289,917 | 248,941 | 296,487 | 0 | 0 | 158,743 | |
| Profit After Tax | 3,544,179 | 2,453,039 | 2,336,857 | 873,440 | -259,889 | -986,871 | -2,589,162 | -1,988,375 | -1,322,884 | -1,678,358 | -1,514,101 | -883,994 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 3,544,179 | 2,453,039 | 2,336,857 | 873,440 | -259,889 | -986,871 | -2,589,162 | -1,988,375 | -1,322,884 | -1,678,358 | -1,514,101 | -883,994 | |
| Employee Costs | 0 | 0 | 0 | 270,611 | 990,396 | 646,659 | 343,598 | ||||||
| Number Of Employees | 7 | 13 | 16 | 14 | |||||||||
| EBITDA* | 4,819,707 | 3,379,439 | 3,812,715 | 2,629,844 | 1,872,542 | 1,785,261 | 383,607 | 376,405 | -645,558 | -1,354,265 | -1,339,509 | -901,281 |
* 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 | Sep 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 574,814 | 0 | 0 | 0 | 0 | 45 | 619 | 3,628 | 8,126 | 41,762 | 14,319 | 14,535 |
| Intangible Assets | 4,443,559 | 4,981,149 | 5,985,683 | 7,190,652 | 8,337,565 | 9,925,830 | 11,300,685 | 13,940,675 | 12,189,673 | 517,293 | 477,338 | 355,185 | 10,000 |
| Investments & Other | 271,024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 287,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,714,583 | 5,268,556 | 5,985,683 | 7,190,652 | 8,337,565 | 9,925,830 | 11,300,730 | 13,941,294 | 12,193,301 | 525,419 | 519,100 | 369,504 | 24,535 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 284,729 | 794,217 | 148,308 | 214,038 | 158,194 | 169,268 | 346,630 | 757,151 | 422,092 | 2,000 | 2,330 | 2,330 | 916,780 |
| Group Debtors | 0 | 0 | 0 | 0 | 299,298 | 0 | 0 | 1,985,517 | 1,106,647 | 28,713 | 6,000 | 0 | 0 |
| Misc Debtors | 901,006 | 943,569 | 796,525 | 133,863 | 89,603 | 179,433 | 127,725 | 291,378 | 249,867 | 22,229 | 390,379 | 242,506 | 0 |
| Cash | 119,979 | 298,105 | 220,689 | 419,282 | 266,679 | 182,426 | 35,557 | 203,390 | 125,800 | 43,213 | 159,178 | 50,816 | 335,669 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,598 | 0 | 0 |
| total current assets | 1,305,714 | 2,035,891 | 1,165,522 | 767,183 | 813,774 | 531,127 | 509,912 | 3,237,436 | 1,904,406 | 96,155 | 615,485 | 295,652 | 1,252,449 |
| total assets | 6,020,297 | 7,304,447 | 7,151,205 | 7,957,835 | 9,151,339 | 10,456,957 | 11,810,642 | 17,178,730 | 14,097,707 | 621,574 | 1,134,585 | 665,156 | 1,276,984 |
| 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 | 41,476 | 41,648 | 35,675 | 43,259 | 72,133 | 127,322 | 215,790 | 28,046 | 89,593 | 39,509 | 17,250 | 4,804 | 23,069 |
| Group/Directors Accounts | 4,413,280 | 0 | 0 | 0 | 0 | 0 | 16,660,576 | 18,714,330 | 15,546,860 | 2,682,569 | 880,000 | 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 | 39,273 | 9,205,118 | 11,386,604 | 14,446,608 | 16,200,090 | 17,396,028 | 1,448,388 | 309,852 | 99,059 | 25,135 | 684,616 | 106,971 | 0 |
| total current liabilities | 4,494,029 | 9,246,766 | 11,422,279 | 14,489,867 | 16,272,223 | 17,523,350 | 18,324,754 | 19,052,228 | 15,735,512 | 2,747,213 | 1,581,866 | 111,775 | 23,069 |
| 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 | 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 | 151,184 | 399,752 | 641,826 | 914,984 | 0 | 0 | 1,234,573 | 1,258,291 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 75,592 | 199,876 | 320,913 | 457,492 | 0 | 0 | 1,234,573 | 1,258,291 | 0 | 0 | 0 | 0 |
| total liabilities | 4,494,029 | 9,322,358 | 11,622,155 | 14,810,780 | 16,729,715 | 17,523,350 | 18,324,754 | 20,286,801 | 16,993,803 | 2,747,213 | 1,581,866 | 111,775 | 23,069 |
| net assets | 1,526,268 | -2,017,911 | -4,470,950 | -6,852,945 | -7,578,376 | -7,066,393 | -6,514,112 | -3,108,071 | -2,896,096 | -2,125,639 | -447,281 | 553,381 | 1,253,915 |
| total shareholders funds | 1,526,268 | -2,017,911 | -4,470,950 | -6,852,945 | -7,578,376 | -7,066,393 | -6,514,112 | -3,108,071 | -2,896,096 | -2,125,639 | -447,281 | 553,381 | 1,253,915 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 3,457,596 | 2,017,328 | 2,199,500 | 746,612 | -388,259 | -1,263,810 | -2,876,010 | -2,234,723 | -1,617,647 | -1,676,683 | -1,512,936 | -1,042,341 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 45 | 574 | 3,009 | 4,905 | 18,619 | 9,613 | 8,700 | 4,596 |
| Amortisation | 1,362,111 | 1,362,111 | 1,613,215 | 1,883,232 | 2,260,801 | 3,049,026 | 3,259,043 | 2,608,119 | 967,184 | 303,799 | 163,814 | 132,360 | 0 |
| Tax | 59,209 | 411,691 | 122,296 | 130,331 | 131,743 | 279,856 | 289,917 | 248,941 | 296,487 | 0 | 0 | 158,743 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -839,458 | 1,080,360 | 596,932 | -199,194 | 198,394 | -125,654 | -2,559,691 | 1,255,440 | 1,725,664 | -345,767 | 153,873 | -671,944 | 916,780 |
| Creditors | -172 | 5,973 | -7,584 | -28,874 | -55,189 | -88,468 | 187,744 | -61,547 | 50,084 | 22,259 | 12,446 | -18,265 | 23,069 |
| Accruals and Deferred Income | -9,165,845 | -2,181,486 | -3,060,004 | -1,753,482 | -1,195,938 | 15,947,640 | 1,138,536 | 210,793 | 73,924 | -659,481 | 577,645 | 106,971 | 0 |
| Deferred Taxes & Provisions | -151,184 | -248,568 | -242,074 | -273,158 | 914,984 | 0 | -1,234,573 | -23,718 | 1,258,291 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,598,827 | 286,689 | 28,417 | 903,855 | 1,469,748 | 18,049,943 | 3,324,922 | -504,566 | -692,436 | -1,645,720 | -903,291 | 18,112 | |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 271,024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,413,280 | 0 | 0 | 0 | 0 | -16,660,576 | -2,053,754 | 3,167,470 | 12,864,291 | 1,802,569 | 880,000 | 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 | |||||||||||||
| interest | 27,374 | 24,020 | 15,061 | -3,503 | -3,373 | -2,917 | -3,069 | -2,593 | -1,724 | -1,675 | -1,165 | -396 | |
| cash flow from financing | 4,440,654 | 24,020 | 60,199 | -151,512 | -255,467 | -16,228,903 | -2,873,702 | 4,941,277 | 13,414,994 | 1,800,894 | 1,392,274 | 183,064 | |
| cash and cash equivalents | |||||||||||||
| cash | -178,126 | 77,416 | -198,593 | 152,603 | 84,253 | 146,869 | -167,833 | 77,590 | 82,587 | -115,965 | 108,362 | -284,853 | 335,669 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -178,126 | 77,416 | -198,593 | 152,603 | 84,253 | 146,869 | -167,833 | 77,590 | 82,587 | -115,965 | 108,362 | -284,853 | 335,669 |
blastworks limited Credit Report and Business Information
Blastworks Limited Competitor Analysis
Perform a competitor analysis for blastworks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
blastworks limited Ownership
BLASTWORKS LIMITED group structure
Blastworks Limited has no subsidiary companies.
blastworks limited directors
Blastworks Limited currently has 2 directors. The longest serving directors include Mr Simon Smiley (Dec 2010) and Mr Mark Segal (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Smiley | England | 44 years | Dec 2010 | - | Director |
| Mr Mark Segal | United Kingdom | 47 years | Sep 2016 | - | Director |
P&L
December 2023turnover
4.6m
+36%
operating profit
3.5m
+71%
gross margin
70.7%
+1.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.5m
-1.76%
total assets
6m
-0.18%
cash
120k
-0.6%
net assets
Total assets minus all liabilities
Similar Companies
blastworks limited company details
company number
07467813
Type
Private limited with Share Capital
industry
62011 - Ready-made interactive leisure and entertainment software development
77400 - Leasing of intellectual property and similar products, except copyrighted works
incorporation date
December 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
bejig limited (August 2015)
averco no1 limited (June 2011)
accountant
-
auditor
BDO LLP
address
2 valentine place, london, SE1 8QH
Bank
-
Legal Advisor
-
blastworks 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 4 charges/mortgages relating to blastworks limited. Currently there are 0 open charges and 4 have been satisfied in the past.
blastworks limited Capital Raised & Share Issues BETA
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blastworks limited Companies House Filings - See Documents
| date | description | view/download |
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