onfido ltd
onfido ltd Company Information
Company Number
07479524
Website
www.onfido.comRegistered Address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
Industry
Private security activities
Telephone
02081333628
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
onfido holdings limited 100%
onfido ltd Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO LTD at £96.5m based on a Turnover of £97.2m and 0.99x industry multiple (adjusted for size and gross margin).
onfido ltd Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO LTD at £0 based on an EBITDA of £-31.2m and a 8.64x industry multiple (adjusted for size and gross margin).
onfido ltd Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO LTD at £76m based on Net Assets of £42.2m and 1.8x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Onfido Ltd Overview
Onfido Ltd is a live company located in london, EC2A 1AH with a Companies House number of 07479524. It operates in the private security activities sector, SIC Code 80100. Founded in December 2010, it's largest shareholder is onfido holdings limited with a 100% stake. Onfido Ltd is a established, large sized company, Pomanda has estimated its turnover at £97.2m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Onfido Ltd Health Check
Pomanda's financial health check has awarded Onfido Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £97.2m, make it larger than the average company (£3m)
£97.2m - Onfido Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (4.5%)
29% - Onfido Ltd
4.5% - Industry AVG
Production
with a gross margin of 29.3%, this company has a lower cost of product (20.9%)
29.3% - Onfido Ltd
20.9% - Industry AVG
Profitability
an operating margin of -32.8% make it less profitable than the average company (3.4%)
-32.8% - Onfido Ltd
3.4% - Industry AVG
Employees
with 275 employees, this is above the industry average (63)
275 - Onfido Ltd
63 - Industry AVG
Pay Structure
on an average salary of £142.7k, the company has a higher pay structure (£26.4k)
£142.7k - Onfido Ltd
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £353.3k, this is more efficient (£47.2k)
£353.3k - Onfido Ltd
£47.2k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (50 days)
39 days - Onfido Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is slower than average (15 days)
24 days - Onfido Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Onfido Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (10 weeks)
22 weeks - Onfido Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68%, this is a similar level of debt than the average (70.9%)
68% - Onfido Ltd
70.9% - Industry AVG
ONFIDO LTD financials
Onfido Ltd's latest turnover from January 2023 is £97.2 million and the company has net assets of £42.2 million. According to their latest financial statements, Onfido Ltd has 275 employees and maintains cash reserves of £37.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 97,156,196 | 65,515,408 | 45,407,997 | 27,560,899 | 18,591,173 | 7,926,605 | 3,641,095 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 68,663,944 | 46,456,760 | 12,150,971 | 6,345,075 | 9,680,229 | 5,552,233 | 3,385,794 | |||||
| Gross Profit | 28,492,252 | 19,058,648 | 33,257,026 | 21,215,824 | 8,910,944 | 2,374,372 | 255,301 | |||||
| Admin Expenses | 60,359,195 | 52,318,957 | 68,087,683 | 47,704,162 | 26,198,160 | 11,209,148 | 5,913,326 | |||||
| Operating Profit | -31,866,943 | -33,260,309 | -34,830,657 | -26,488,338 | -17,287,216 | -8,834,776 | -5,658,025 | |||||
| Interest Payable | 213,575 | 5,896 | 0 | 0 | 0 | 0 | 2,888 | |||||
| Interest Receivable | 153,818 | 113,812 | 118,396 | 0 | 22,209 | 8,178 | 0 | |||||
| Pre-Tax Profit | -29,983,510 | -33,152,393 | -34,712,261 | -26,488,338 | -17,265,007 | -8,826,598 | -5,660,913 | |||||
| Tax | 4,427,248 | 2,091,193 | 1,687,408 | 386,686 | -141,028 | 542,888 | 121,999 | |||||
| Profit After Tax | -25,556,262 | -31,061,200 | -33,024,853 | -26,101,652 | -17,406,035 | -8,283,710 | -5,538,914 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | -25,556,262 | -31,061,200 | -33,024,853 | -26,101,652 | -17,406,035 | -8,283,710 | -5,538,914 | |||||
| Employee Costs | 39,233,610 | 46,536,107 | 48,163,904 | 27,429,723 | 16,609,397 | 8,349,788 | 150,000 | |||||
| Number Of Employees | 275 | 281 | 378 | 244 | 176 | 139 | 102 | 37 | ||||
| EBITDA* | -31,216,066 | -32,429,722 | -33,876,679 | -25,868,343 | -16,939,446 | -8,726,474 | -5,595,073 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,207,026 | 642,379 | 1,097,754 | 1,271,998 | 1,202,881 | 236,988 | 185,884 | 88,757 | 6,512 | 678 | 678 | 0 |
| Intangible Assets | 50,201 | 2,637,284 | 150,189 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 27,120,623 | 23,033,056 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,377,850 | 26,312,719 | 1,247,943 | 1,271,998 | 1,202,881 | 236,988 | 185,884 | 88,758 | 6,512 | 678 | 678 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,592,562 | 11,671,937 | 12,625,157 | 7,227,727 | 3,812,974 | 1,930,722 | 574,154 | 107,263 | 69,113 | 48,569 | 40 | 0 |
| Group Debtors | 47,509,883 | 38,429,671 | 0 | 0 | 0 | 0 | 0 | 82,473 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,180,367 | 3,332,106 | 4,949,327 | 2,784,383 | 1,614,411 | 1,072,926 | 582,001 | 225,452 | 0 | 0 | 0 | 0 |
| Cash | 37,403,014 | 27,283,890 | 87,100,649 | 15,590,854 | 23,869,648 | 14,117,510 | 5,098,611 | 558,122 | 2,792,068 | 65,453 | 41 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 103,685,826 | 80,717,604 | 104,675,133 | 25,602,964 | 29,297,033 | 17,121,158 | 6,254,766 | 973,310 | 2,861,181 | 114,022 | 81 | 0 |
| total assets | 132,063,676 | 107,030,323 | 105,923,076 | 26,874,962 | 30,499,914 | 17,358,146 | 6,440,650 | 1,062,068 | 2,867,693 | 114,700 | 759 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 24,306,360 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,562,789 | 4,606,899 | 3,584,052 | 370,633 | 942,992 | 469,524 | 598,771 | 77,157 | 56,336 | 23,184 | 4,092 | 0 |
| Group/Directors Accounts | 31,984,924 | 16,470,690 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 18,928,229 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 25,822,238 | 25,696,741 | 33,830,951 | 17,070,232 | 7,375,296 | 1,428,355 | 514,932 | 78,626 | 0 | 0 | 0 | 0 |
| total current liabilities | 86,676,311 | 46,774,330 | 37,415,003 | 36,369,094 | 8,318,288 | 1,897,879 | 1,113,703 | 155,783 | 56,336 | 23,184 | 4,092 | 0 |
| loans | 3,141,400 | 0 | 0 | 0 | 9,405,747 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,141,400 | 0 | 0 | 0 | 9,405,747 | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 |
| total liabilities | 89,817,711 | 46,774,330 | 37,415,003 | 36,369,094 | 17,724,035 | 1,897,879 | 1,113,703 | 175,783 | 56,336 | 23,184 | 4,092 | 0 |
| net assets | 42,245,965 | 60,255,993 | 68,508,073 | -9,494,132 | 12,775,879 | 15,460,267 | 5,326,947 | 886,285 | 2,811,357 | 91,516 | -3,333 | 0 |
| total shareholders funds | 42,245,965 | 60,255,993 | 68,508,073 | -9,494,132 | 12,775,879 | 15,460,267 | 5,326,947 | 886,285 | 2,811,357 | 91,516 | -3,333 | 0 |
| Jan 2023 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -31,866,943 | -33,260,309 | -34,830,657 | -26,488,338 | -17,287,216 | -8,834,776 | -5,658,025 | |||||
| Depreciation | 553,127 | 632,117 | 878,331 | 619,995 | 347,770 | 108,302 | 62,952 | 15,682 | 631 | 0 | ||
| Amortisation | 97,750 | 198,470 | 75,647 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 4,427,248 | 2,091,193 | 1,687,408 | 386,686 | -141,028 | 542,888 | 121,999 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,849,098 | 53,433,714 | 7,562,374 | 4,584,725 | 2,423,737 | 1,847,493 | 740,967 | 346,075 | 20,544 | 48,529 | 40 | 0 |
| Creditors | -44,110 | 4,606,899 | 3,213,419 | -572,359 | 473,468 | -129,247 | 521,614 | 20,821 | 33,152 | 19,092 | 4,092 | 0 |
| Accruals and Deferred Income | 125,497 | 25,696,741 | 16,760,719 | 9,694,936 | 5,946,941 | 913,423 | 436,306 | 78,626 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -39,556,529 | -53,468,603 | -19,777,507 | -20,943,805 | -13,083,802 | -9,246,903 | -5,256,121 | |||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | -1,313,664 | -159,406 | -161,378 | |||||||
| Change in Investments | 4,087,567 | 23,033,056 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -1,313,664 | -159,406 | -161,377 | |||||||
| Financing Activities | ||||||||||||
| Bank loans | 24,306,360 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 15,514,234 | 16,470,690 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -18,928,229 | 18,928,229 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 3,141,400 | 0 | 0 | -9,405,747 | 9,405,747 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -20,000 | 20,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -59,757 | 107,916 | 118,396 | 0 | 22,209 | 8,178 | -2,888 | |||||
| cash flow from financing | 50,448,471 | 107,895,799 | 92,217,225 | 13,354,123 | 24,149,603 | 18,425,208 | 9,956,688 | |||||
| cash and cash equivalents | ||||||||||||
| cash | 10,119,124 | 27,283,890 | 71,509,795 | -8,278,794 | 9,752,138 | 9,018,899 | 4,540,489 | -2,233,946 | 2,726,615 | 65,412 | 41 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,119,124 | 27,283,890 | 71,509,795 | -8,278,794 | 9,752,138 | 9,018,899 | 4,540,489 | -2,233,946 | 2,726,615 | 65,412 | 41 | 0 |
onfido ltd Credit Report and Business Information
Onfido Ltd Competitor Analysis
Perform a competitor analysis for onfido ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
onfido ltd Ownership
ONFIDO LTD group structure
Onfido Ltd has 1 subsidiary company.
Ultimate parent company
1 parent
ONFIDO LTD
07479524
1 subsidiary
onfido ltd directors
Onfido Ltd currently has 2 directors. The longest serving directors include Mr Kurt Ishaug (Apr 2024) and Ms Lisa Tibbits (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kurt Ishaug | England | 57 years | Apr 2024 | - | Director |
| Ms Lisa Tibbits | England | 56 years | Apr 2024 | - | Director |
P&L
January 2023turnover
97.2m
+48%
operating profit
-31.9m
-4%
gross margin
29.4%
+0.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
42.2m
-0.3%
total assets
132.1m
+0.23%
cash
37.4m
+0.37%
net assets
Total assets minus all liabilities
onfido ltd company details
company number
07479524
Type
Private limited with Share Capital
industry
80100 - Private security activities
incorporation date
December 2010
age
14
accounts
Full Accounts
ultimate parent company
previous names
verifyrecruit ltd (March 2013)
referencebox ltd (September 2012)
incorporated
UK
address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
last accounts submitted
January 2023
onfido ltd 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 13 charges/mortgages relating to onfido ltd. Currently there are 0 open charges and 13 have been satisfied in the past.
onfido ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
