sub2 technologies limited
sub2 technologies limited Company Information
Company Number
07783861
Website
www.sub2tech.comRegistered Address
2nd floor, 168 shoreditch high street, london, E1 6RA
Industry
Other information service activities n.e.c.
Telephone
442037639265
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
christopher lee morris 20.1%
anthony m.c lawes 19.8%
View Allsub2 technologies limited Estimated Valuation
Pomanda estimates the enterprise value of SUB2 TECHNOLOGIES LIMITED at £5.5m based on a Turnover of £4.2m and 1.31x industry multiple (adjusted for size and gross margin).
sub2 technologies limited Estimated Valuation
Pomanda estimates the enterprise value of SUB2 TECHNOLOGIES LIMITED at £534.3k based on an EBITDA of £85.9k and a 6.22x industry multiple (adjusted for size and gross margin).
sub2 technologies limited Estimated Valuation
Pomanda estimates the enterprise value of SUB2 TECHNOLOGIES LIMITED at £501.1k based on Net Assets of £201.7k and 2.48x industry multiple (adjusted for liquidity).
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Sub2 Technologies Limited Overview
Sub2 Technologies Limited is a live company located in london, E1 6RA with a Companies House number of 07783861. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in September 2011, it's largest shareholder is christopher lee morris with a 20.1% stake. Sub2 Technologies Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with high growth in recent years.
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Sub2 Technologies Limited Health Check
Pomanda's financial health check has awarded Sub2 Technologies Limited a 3.5 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 £4.2m, make it larger than the average company (£1.1m)
- Sub2 Technologies Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.1%)
- Sub2 Technologies Limited
7.1% - Industry AVG
Production
with a gross margin of 65.9%, this company has a comparable cost of product (65.9%)
- Sub2 Technologies Limited
65.9% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (6.3%)
- Sub2 Technologies Limited
6.3% - Industry AVG
Employees
with 24 employees, this is above the industry average (19)
24 - Sub2 Technologies Limited
19 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Sub2 Technologies Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £174.4k, this is more efficient (£74.9k)
- Sub2 Technologies Limited
£74.9k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (38 days)
- Sub2 Technologies Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 169 days, this is slower than average (34 days)
- Sub2 Technologies Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sub2 Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (80 weeks)
10 weeks - Sub2 Technologies Limited
80 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (35.8%)
90.5% - Sub2 Technologies Limited
35.8% - Industry AVG
SUB2 TECHNOLOGIES LIMITED financials
Sub2 Technologies Limited's latest turnover from December 2022 is estimated at £4.2 million and the company has net assets of £201.7 thousand. According to their latest financial statements, Sub2 Technologies Limited has 24 employees and maintains cash reserves of £237 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 24 | 21 | 14 | 14 | 15 | 16 | 13 | 12 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,571 | 14,421 | 9,848 | 15,129 | 23,334 | 41,479 | 59,200 | 24,900 | 0 | 0 | 0 |
| Intangible Assets | 890,496 | 837,970 | 728,070 | 704,949 | 562,360 | 510,806 | 246,733 | 133,970 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 904,067 | 852,391 | 737,918 | 720,078 | 585,694 | 552,285 | 305,933 | 158,870 | 0 | 0 | 1 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 836,354 | 691,753 | 519,145 | 526,684 | 464,744 | 427,902 | 429,633 | 281,749 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 150,064 | 258,848 | 151,167 | 187,420 | 114,843 | 176,489 | 26,226 | 179,881 | 0 | 0 | 0 |
| Cash | 236,955 | 83,739 | 479,289 | 83,181 | 231,718 | 230,748 | 217,907 | 154,318 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,223,373 | 1,034,340 | 1,149,601 | 797,285 | 811,305 | 835,139 | 673,766 | 615,948 | 0 | 0 | 0 |
| total assets | 2,127,440 | 1,886,731 | 1,887,519 | 1,517,363 | 1,396,999 | 1,387,424 | 979,699 | 774,818 | 0 | 0 | 1 |
| Bank overdraft | 66,671 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 662,553 | 624,567 | 521,066 | 514,116 | 427,892 | 566,411 | 327,987 | 8,244 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 48,456 | 202,166 | 60,167 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 486,694 | 345,837 | 361,549 | 243,570 | 207,938 | 141,927 | 144,206 | 305,666 | 0 | 0 | 0 |
| total current liabilities | 1,215,918 | 1,028,860 | 1,089,781 | 817,853 | 735,830 | 708,338 | 472,193 | 313,910 | 0 | 0 | 0 |
| loans | 317,400 | 35,000 | 45,000 | 0 | 66,667 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 166,363 | 195,127 | 178,077 | 149,663 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 226,017 | 161,954 | 140,030 | 136,602 | 110,918 | 104,490 | 57,775 | 31,079 | 0 | 0 | 0 |
| total long term liabilities | 709,780 | 392,081 | 363,107 | 286,265 | 177,585 | 104,490 | 57,775 | 31,079 | 0 | 0 | 0 |
| total liabilities | 1,925,698 | 1,420,941 | 1,452,888 | 1,104,118 | 913,415 | 812,828 | 529,968 | 344,989 | 0 | 0 | 0 |
| net assets | 201,742 | 465,790 | 434,631 | 413,245 | 483,584 | 574,596 | 449,731 | 429,829 | 0 | 0 | 1 |
| total shareholders funds | 201,742 | 465,790 | 434,631 | 413,245 | 483,584 | 574,596 | 449,731 | 429,829 | 0 | 0 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 7,768 | 5,648 | 12,445 | 12,286 | 20,353 | 19,975 | 16,601 | 13,577 | 0 | ||
| Amortisation | 325,068 | 296,953 | 263,737 | 154,193 | 226,452 | 97,614 | 45,608 | 14,885 | 0 | ||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 35,817 | 280,289 | -43,792 | 134,517 | -24,804 | 148,532 | -5,771 | 461,630 | 0 | 0 | 0 |
| Creditors | 37,986 | 103,501 | 6,950 | 86,224 | -138,519 | 238,424 | 319,743 | 8,244 | 0 | 0 | 0 |
| Accruals and Deferred Income | 112,093 | 1,338 | 146,393 | 185,295 | 66,011 | -2,279 | -161,460 | 305,666 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 64,063 | 21,924 | 3,428 | 25,684 | 6,428 | 46,715 | 26,696 | 31,079 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | -5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -48,456 | -153,710 | 141,999 | -39,833 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 282,400 | -10,000 | 45,000 | -66,667 | 66,667 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 153,216 | -395,550 | 396,108 | -148,537 | 970 | 12,841 | 63,589 | 154,318 | 0 | 0 | 0 |
| overdraft | 56,671 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 96,545 | -405,550 | 396,108 | -148,537 | 970 | 12,841 | 63,589 | 154,318 | 0 | 0 | 0 |
sub2 technologies limited Credit Report and Business Information
Sub2 Technologies Limited Competitor Analysis
Perform a competitor analysis for sub2 technologies limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
sub2 technologies limited Ownership
SUB2 TECHNOLOGIES LIMITED group structure
Sub2 Technologies Limited has no subsidiary companies.
Ultimate parent company
SUB2 TECHNOLOGIES LIMITED
07783861
sub2 technologies limited directors
Sub2 Technologies Limited currently has 3 directors. The longest serving directors include Mr Christopher Morris (Sep 2011) and Mr Jonathan Hinkley (Sep 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Morris | United Kingdom | 61 years | Sep 2011 | - | Director |
| Mr Jonathan Hinkley | England | 50 years | Sep 2011 | - | Director |
| Mr Anthony Lawes | United Kingdom | 59 years | Sep 2012 | - | Director |
P&L
December 2022turnover
4.2m
+12%
operating profit
-247k
0%
gross margin
65.9%
-4.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
201.7k
-0.57%
total assets
2.1m
+0.13%
cash
237k
+1.83%
net assets
Total assets minus all liabilities
Similar Companies
sub2 technologies limited company details
company number
07783861
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
September 2011
age
13
accounts
Total Exemption Full
ultimate parent company
previous names
sub2 trading limited (January 2016)
incorporated
UK
address
2nd floor, 168 shoreditch high street, london, E1 6RA
last accounts submitted
December 2022
sub2 technologies 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 sub2 technologies limited. Currently there are 1 open charges and 1 have been satisfied in the past.
sub2 technologies limited Companies House Filings - See Documents
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