Findicate Limited

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findicate limited Company Information

Live

EstablishedSmallRapid

Company Number

07868666

Website

Registered Address

4 queen street, bath, BA1 1HE

Industry

Business and domestic software development

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Balazs Boros12 Years

Grant Fuller12 Years

Shareholders

orfort b.v. 61.1%

grant fuller 19.5%

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findicate limited Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of FINDICATE LIMITED at £8.3m based on an EBITDA of £1.8m and a 4.6x industry multiple (adjusted for size and gross margin).

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Findicate Limited is a live company located in bath, BA1 1HE with a Companies House number of 07868666. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2011, it's largest shareholder is orfort b.v. with a 61.1% stake. Findicate Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Findicate Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £4.9m, make it in line with the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 77%, show it is growing at a faster rate (9.9%)

EXPORT

Findicate Limited's latest turnover from December 2023 is estimated at £4.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Findicate Limited has 2 employees and maintains cash reserves of 0 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
Turnover	4,901,594	2,238,227	2,506,426	879,822	1,591,413	2,161,637	42,129	74,204	1,222	1,750	1,254	10,481
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,823,454	1,286,256	1,406,661	502,755	932,663	1,284,867	24,726	42,120	687	975	715	5,758
Gross Profit	2,078,140	951,970	1,099,765	377,067	658,751	876,770	17,402	32,084	534	774	538	4,723
Admin Expenses	265,492	1,062,148	28,739	765,400	1,048,395	-625,616	26,946	34,090	2,064	1,737	1,444	-32,432
Operating Profit	1,812,648	-110,178	1,071,026	-388,333	-389,644	1,502,386	-9,544	-2,006	-1,530	-963	-906	37,155
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	33	133	139	179	109
Pre-Tax Profit	1,812,648	-110,178	1,071,026	-388,333	-389,644	1,502,386	-9,544	-1,973	-1,397	-824	-727	37,263
Tax	-453,162	0	-203,495	0	0	-285,453	0	0	0	0	0	-8,943
Profit After Tax	1,359,486	-110,178	867,531	-388,333	-389,644	1,216,933	-9,544	-1,973	-1,397	-824	-727	28,320
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,359,486	-110,178	867,531	-388,333	-389,644	1,216,933	-9,544	-1,973	-1,397	-824	-727	28,320
Employee Costs	143,873	135,275	253,337	241,673	310,609	61,441	59,197	56,923	54,753	54,667	53,767	52,448
Number Of Employees	2	2	4	4	5	1	1	1	1	1	1	1
EBITDA*	1,812,648	-110,178	1,071,026	-388,333	-389,644	1,502,386	-9,544	-2,006	-1,530	-963	-906	37,155

* 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
Tangible Assets	37,423	34,187	24,755	18,287	21,000	13,656	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	37,423	34,187	24,755	18,287	21,000	13,656	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,553,060	1,198,730	1,305,745	444,092	832,940	1,220,425	14,625	24,169	333	492	332	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	26,039	27,290	28,261	43,450
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,553,060	1,198,730	1,305,745	444,092	832,940	1,220,425	14,625	24,169	26,372	27,782	28,593	43,450
total assets	2,590,483	1,232,917	1,330,500	462,379	853,940	1,234,081	14,625	24,169	26,372	27,782	28,593	43,450
Bank overdraft	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
Trade Creditors	20,833	22,753	10,158	9,568	12,796	3,293	770	770	900	913	900	15,030
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	20,833	22,753	10,158	9,568	12,796	3,293	770	770	900	913	900	15,030
loans	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
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	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	20,833	22,753	10,158	9,568	12,796	3,293	770	770	900	913	900	15,030
net assets	2,569,650	1,210,164	1,320,342	452,811	841,144	1,230,788	13,855	23,399	25,472	26,869	27,693	28,420
total shareholders funds	2,569,650	1,210,164	1,320,342	452,811	841,144	1,230,788	13,855	23,399	25,472	26,869	27,693	28,420

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	1,812,648	-110,178	1,071,026	-388,333	-389,644	1,502,386	-9,544	-2,006	-1,530	-963	-906	37,155
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-453,162	0	-203,495	0	0	-285,453	0	0	0	0	0	-8,943
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,354,330	-107,015	861,653	-388,848	-387,485	1,205,800	-9,544	23,836	-159	160	332	0
Creditors	-1,920	12,595	590	-3,228	9,503	2,523	0	-130	-13	13	-14,130	15,030
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,236	9,432	6,468	-2,713	7,344	13,656	0	-25,972	-1,384	-1,110	-15,368	43,242
Investing Activities
capital expenditure	-3,236	-9,432	-6,468	2,713	-7,344	-13,656	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,236	-9,432	-6,468	2,713	-7,344	-13,656	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	0	33	133	139	179	109
cash flow from financing	0	0	0	0	0	0	0	-67	133	139	179	209
cash and cash equivalents
cash	0	0	0	0	0	0	0	-26,039	-1,251	-971	-15,189	43,450
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-26,039	-1,251	-971	-15,189	43,450

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FINDICATE LIMITED group structure

Findicate Limited has no subsidiary companies.

Ultimate parent company

FINDICATE LIMITED

07868666

FINDICATE LIMITED Shareholders

orfort b.v.	61.07%
grant fuller	19.47%
balazs boros	19.47%

Findicate Limited currently has 2 directors. The longest serving directors include Mr Balazs Boros (Dec 2011) and Mr Grant Fuller (Dec 2011).

officer	country	age	start	end	role
Mr Balazs Boros	United Kingdom	45 years	Dec 2011	-	Director
Mr Grant Fuller	Wales	52 years	Dec 2011	-	Director

P&L

December 2023

turnover

4.9m

+119%

operating profit

1.8m

gross margin

42.4%

-0.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.6m

+1.12%

total assets

2.6m

+1.1%

cash

net assets

Total assets minus all liabilities

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company number

07868666

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

December 2011

ultimate parent company

None

previous names

N/A

address

4 queen street, bath, BA1 1HE

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 did not find charges/mortgages relating to findicate limited.

findicate limited Company Information

findicate limited Estimated Valuation

findicate limited Estimated Valuation

findicate limited Estimated Valuation

Findicate Limited Overview

Findicate Limited Health Check

FINDICATE LIMITED financials

findicate limited Credit Report and Business Information

Findicate Limited Competitor Analysis

findicate limited Ownership

findicate limited directors

findicate limited company details

findicate limited Charges & Mortgages

findicate limited Companies House Filings - See Documents