onfido ltd
onfido ltd Company Information
Company Number
07479524
Next Accounts
Oct 2025
Shareholders
onfido holdings limited
Group Structure
View All
Industry
Private security activities
Registered Address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
Website
www.onfido.comonfido ltd Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO LTD at £134.8m based on a Turnover of £86.8m and 1.55x 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 £-11.4m and a 12.95x industry multiple (adjusted for size and gross margin).
onfido ltd Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO LTD at £77m based on Net Assets of £39.4m and 1.95x 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 £86.8m with unknown 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 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
2 Weak
Size
annual sales of £86.8m, make it larger than the average company (£4.3m)
£86.8m - Onfido Ltd
£4.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Onfido Ltd
- - Industry AVG
Production
with a gross margin of 40.2%, this company has a lower cost of product (23.2%)
40.2% - Onfido Ltd
23.2% - Industry AVG
Profitability
an operating margin of -13.9% make it less profitable than the average company (3%)
-13.9% - Onfido Ltd
3% - Industry AVG
Employees
with 224 employees, this is above the industry average (71)
224 - Onfido Ltd
71 - Industry AVG
Pay Structure
on an average salary of £179.3k, the company has a higher pay structure (£31.5k)
£179.3k - Onfido Ltd
£31.5k - Industry AVG
Efficiency
resulting in sales per employee of £387.4k, this is more efficient (£59.3k)
£387.4k - Onfido Ltd
£59.3k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (52 days)
28 days - Onfido Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (21 days)
30 days - Onfido Ltd
21 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 20 weeks, this is more cash available to meet short term requirements (12 weeks)
20 weeks - Onfido Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.9%, this is a similar level of debt than the average (71.7%)
75.9% - Onfido Ltd
71.7% - Industry AVG
ONFIDO LTD financials
Onfido Ltd's latest turnover from January 2024 is £86.8 million and the company has net assets of £39.4 million. According to their latest financial statements, Onfido Ltd has 224 employees and maintains cash reserves of £26.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | 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 | 86,777,830 | 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 | |||||||||||||
| Cost Of Sales | 51,861,167 | 68,663,944 | 46,456,760 | 12,150,971 | 6,345,075 | 9,680,229 | 5,552,233 | 3,385,794 | |||||
| Gross Profit | 34,916,663 | 28,492,252 | 19,058,648 | 33,257,026 | 21,215,824 | 8,910,944 | 2,374,372 | 255,301 | |||||
| Admin Expenses | 46,956,839 | 60,359,195 | 52,318,957 | 68,087,683 | 47,704,162 | 26,198,160 | 11,209,148 | 5,913,326 | |||||
| Operating Profit | -12,040,176 | -31,866,943 | -33,260,309 | -34,830,657 | -26,488,338 | -17,287,216 | -8,834,776 | -5,658,025 | |||||
| Interest Payable | 2,277,586 | 213,575 | 5,896 | 2,888 | |||||||||
| Interest Receivable | 1,267,439 | 153,818 | 113,812 | 118,396 | 22,209 | 8,178 | |||||||
| Pre-Tax Profit | -13,050,323 | -29,983,510 | -33,152,393 | -34,712,261 | -26,488,338 | -17,265,007 | -8,826,598 | -5,660,913 | |||||
| Tax | -1,313,481 | 4,427,248 | 2,091,193 | 1,687,408 | 386,686 | -141,028 | 542,888 | 121,999 | |||||
| Profit After Tax | -14,363,804 | -25,556,262 | -31,061,200 | -33,024,853 | -26,101,652 | -17,406,035 | -8,283,710 | -5,538,914 | |||||
| Dividends Paid | |||||||||||||
| Retained Profit | -14,363,804 | -25,556,262 | -31,061,200 | -33,024,853 | -26,101,652 | -17,406,035 | -8,283,710 | -5,538,914 | |||||
| Employee Costs | 40,162,729 | 39,233,610 | 46,536,107 | 48,163,904 | 27,429,723 | 16,609,397 | 8,349,788 | 150,000 | |||||
| Number Of Employees | 224 | 275 | 281 | 378 | 244 | 176 | 139 | 102 | 37 | ||||
| EBITDA* | -11,437,623 | -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 2024 | 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 | 713,493 | 1,207,026 | 642,379 | 1,097,754 | 1,271,998 | 1,202,881 | 236,988 | 185,884 | 88,757 | 6,512 | 678 | 678 | |
| Intangible Assets | 13,025 | 50,201 | 2,637,284 | 150,189 | |||||||||
| Investments & Other | 35,491,039 | 27,120,623 | 23,033,056 | 1 | |||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 36,217,557 | 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 | |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 6,871,027 | 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 | |
| Group Debtors | 85,528,573 | 47,509,883 | 38,429,671 | 82,473 | |||||||||
| Misc Debtors | 9,084,260 | 8,180,367 | 3,332,106 | 4,949,327 | 2,784,383 | 1,614,411 | 1,072,926 | 582,001 | 225,452 | ||||
| Cash | 26,189,177 | 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 | |
| misc current assets | |||||||||||||
| total current assets | 127,673,037 | 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 | |
| total assets | 163,890,594 | 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 | |
| Bank overdraft | |||||||||||||
| Bank loan | 24,306,360 | ||||||||||||
| Trade Creditors | 4,401,605 | 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 | |
| Group/Directors Accounts | 39,207,259 | 31,984,924 | 16,470,690 | ||||||||||
| other short term finances | 18,928,229 | ||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 24,231,157 | 25,822,238 | 25,696,741 | 33,830,951 | 17,070,232 | 7,375,296 | 1,428,355 | 514,932 | 78,626 | ||||
| total current liabilities | 67,840,021 | 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 | |
| loans | 56,634,375 | 3,141,400 | 9,405,747 | ||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 20,000 | ||||||||||||
| provisions | |||||||||||||
| total long term liabilities | 56,634,375 | 3,141,400 | 9,405,747 | 20,000 | |||||||||
| total liabilities | 124,474,396 | 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 | |
| net assets | 39,416,198 | 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 | |
| total shareholders funds | 39,416,198 | 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 |
| Jan 2024 | 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 | -12,040,176 | -31,866,943 | -33,260,309 | -34,830,657 | -26,488,338 | -17,287,216 | -8,834,776 | -5,658,025 | |||||
| Depreciation | 565,377 | 553,127 | 632,117 | 878,331 | 619,995 | 347,770 | 108,302 | 62,952 | 15,682 | 631 | |||
| Amortisation | 37,176 | 97,750 | 198,470 | 75,647 | |||||||||
| Tax | -1,313,481 | 4,427,248 | 2,091,193 | 1,687,408 | 386,686 | -141,028 | 542,888 | 121,999 | |||||
| Stock | |||||||||||||
| Debtors | 35,201,048 | 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 | |
| Creditors | -161,184 | -44,110 | 4,606,899 | 3,213,419 | -572,359 | 473,468 | -129,247 | 521,614 | 20,821 | 33,152 | 19,092 | 4,092 | |
| Accruals and Deferred Income | -1,591,081 | 125,497 | 25,696,741 | 16,760,719 | 9,694,936 | 5,946,941 | 913,423 | 436,306 | 78,626 | ||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | -49,704,417 | -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 | -1,313,664 | -159,406 | -161,378 | ||||||||||
| Change in Investments | 8,370,416 | 4,087,567 | 23,033,056 | -1 | 1 | ||||||||
| cash flow from investments | -1,313,664 | -159,406 | -161,377 | ||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -24,306,360 | 24,306,360 | |||||||||||
| Group/Directors Accounts | 7,222,335 | 15,514,234 | 16,470,690 | ||||||||||
| Other Short Term Loans | -18,928,229 | 18,928,229 | |||||||||||
| Long term loans | 53,492,975 | 3,141,400 | -9,405,747 | 9,405,747 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -20,000 | 20,000 | |||||||||||
| share issue | |||||||||||||
| interest | -1,010,147 | -59,757 | 107,916 | 118,396 | 22,209 | 8,178 | -2,888 | ||||||
| cash flow from financing | 46,932,840 | 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 | -11,213,837 | 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 | |
| overdraft | |||||||||||||
| change in cash | -11,213,837 | 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 |
onfido ltd Credit Report and Business Information
Onfido Ltd Competitor Analysis
Perform a competitor analysis for onfido ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC2A area or any other competitors across 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 | 58 years | Apr 2024 | - | Director |
| Ms Lisa Tibbits | England | 56 years | Apr 2024 | - | Director |
P&L
January 2024turnover
86.8m
-11%
operating profit
-12m
-62%
gross margin
40.3%
+37.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
39.4m
-0.07%
total assets
163.9m
+0.24%
cash
26.2m
-0.3%
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
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2024
previous names
verifyrecruit ltd (March 2013)
referencebox ltd (September 2012)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
Bank
HSBC INNOVATION BANK LIMITED
Legal Advisor
-
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 14 charges/mortgages relating to onfido ltd. Currently there are 1 open charges and 13 have been satisfied in the past.
onfido 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.
Click to start generating capital raising & share issue transactions for ONFIDO LTD. This can take several minutes, an email will notify you when this has completed.
onfido ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
