elliptic enterprises limited
elliptic enterprises limited Company Information
Company Number
08458210
Website
http://elliptic.coRegistered Address
office 7 35-37 ludgate hill, london, EC4M 7JN
Industry
Other information technology and computer service activities
Telephone
02071934752
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
octopus titan vct plc 14.6%
evolution technology fund ii scsp 12%
View Allelliptic enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of ELLIPTIC ENTERPRISES LIMITED at £10.6m based on a Turnover of £9.6m and 1.11x industry multiple (adjusted for size and gross margin).
elliptic enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of ELLIPTIC ENTERPRISES LIMITED at £0 based on an EBITDA of £-27.2m and a 7.73x industry multiple (adjusted for size and gross margin).
elliptic enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of ELLIPTIC ENTERPRISES LIMITED at £24.4m based on Net Assets of £10.6m and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Elliptic Enterprises Limited Overview
Elliptic Enterprises Limited is a live company located in london, EC4M 7JN with a Companies House number of 08458210. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2013, it's largest shareholder is octopus titan vct plc with a 14.6% stake. Elliptic Enterprises Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.6m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Elliptic Enterprises Limited Health Check
Pomanda's financial health check has awarded Elliptic Enterprises Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £9.6m, make it larger than the average company (£5.9m)
£9.6m - Elliptic Enterprises Limited
£5.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (6.3%)
- Elliptic Enterprises Limited
6.3% - Industry AVG
Production
with a gross margin of 81%, this company has a lower cost of product (49.2%)
81% - Elliptic Enterprises Limited
49.2% - Industry AVG
Profitability
an operating margin of -286% make it less profitable than the average company (3.5%)
-286% - Elliptic Enterprises Limited
3.5% - Industry AVG
Employees
with 176 employees, this is above the industry average (40)
176 - Elliptic Enterprises Limited
40 - Industry AVG
Pay Structure
on an average salary of £113.5k, the company has a higher pay structure (£66.1k)
£113.5k - Elliptic Enterprises Limited
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £54.3k, this is less efficient (£160.3k)
£54.3k - Elliptic Enterprises Limited
£160.3k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (55 days)
74 days - Elliptic Enterprises Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (37 days)
107 days - Elliptic Enterprises Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Elliptic Enterprises Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 107 weeks, this is more cash available to meet short term requirements (15 weeks)
107 weeks - Elliptic Enterprises Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.8%, this is a lower level of debt than the average (63.9%)
36.8% - Elliptic Enterprises Limited
63.9% - Industry AVG
ELLIPTIC ENTERPRISES LIMITED financials
Elliptic Enterprises Limited's latest turnover from March 2023 is £9.6 million and the company has net assets of £10.6 million. According to their latest financial statements, Elliptic Enterprises Limited has 176 employees and maintains cash reserves of £12.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,551,604 | 6,117,081 | 4,359,487 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 1,819,619 | 923,638 | 669,178 | |||||||
| Gross Profit | 7,731,985 | 5,193,443 | 3,690,309 | |||||||
| Admin Expenses | 35,049,856 | 20,169,511 | 10,604,930 | |||||||
| Operating Profit | -27,317,871 | -14,976,068 | -6,914,621 | |||||||
| Interest Payable | 618 | 0 | 0 | |||||||
| Interest Receivable | 222,885 | 4,278 | 17,086 | |||||||
| Pre-Tax Profit | -27,095,604 | -14,971,790 | -6,897,535 | |||||||
| Tax | 720,503 | 273,023 | -1,564 | |||||||
| Profit After Tax | -26,375,101 | -14,698,767 | -6,899,099 | |||||||
| Dividends Paid | 0 | 0 | 0 | |||||||
| Retained Profit | -26,375,101 | -14,698,767 | -6,899,099 | |||||||
| Employee Costs | 19,974,373 | 11,555,339 | 6,083,599 | |||||||
| Number Of Employees | 176 | 123 | 80 | 51 | 26 | 18 | 12 | 9 | ||
| EBITDA* | -27,155,764 | -14,864,545 | -6,848,932 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 219,841 | 348,252 | 104,432 | 117,537 | 50,015 | 23,092 | 16,987 | 10,578 | 5,039 | 0 |
| Intangible Assets | 81,121 | 164,708 | 269,079 | 67,577 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 124,920 | 46,157 | 96,728 | 546,158 | 500,001 | 500,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 300,962 | 512,960 | 373,511 | 310,034 | 96,172 | 119,820 | 563,145 | 510,579 | 505,039 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,938,887 | 1,721,517 | 627,936 | 209,929 | 157,085 | 171,731 | 178,780 | 38,338 | 91,840 | 1,195 |
| Group Debtors | 0 | 0 | 0 | 1,252,912 | 1,360,348 | 340,444 | 141,491 | 0 | 0 | 0 |
| Misc Debtors | 1,742,430 | 2,189,350 | 799,980 | 522,989 | 229,474 | 639,211 | 107,611 | 142,029 | 0 | 0 |
| Cash | 12,745,875 | 38,029,929 | 8,057,517 | 13,699,881 | 757,263 | 3,399,487 | 1,766,586 | 3,076,103 | 406,187 | 16,052 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,427,192 | 41,940,796 | 9,485,433 | 15,685,711 | 2,504,170 | 4,550,873 | 2,194,468 | 3,256,470 | 498,027 | 17,247 |
| total assets | 16,728,154 | 42,453,756 | 9,858,944 | 15,995,745 | 2,600,342 | 4,670,693 | 2,757,613 | 3,767,049 | 1,003,066 | 17,247 |
| Bank overdraft | 0 | 0 | 0 | 0 | 5 | 5 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 533,629 | 1,206,686 | 115,900 | 124,562 | 54,440 | 34,461 | 42,165 | 102,529 | 24,051 | 33,302 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 23,896 | 29,727 | 753 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,599,891 | 4,394,172 | 2,056,184 | 788,356 | 215,993 | 160,120 | 10,986 | 66,160 | 0 | 0 |
| total current liabilities | 6,157,416 | 5,630,585 | 2,172,837 | 912,918 | 270,438 | 194,586 | 53,151 | 168,689 | 24,051 | 33,302 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,008 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,008 | 0 |
| total liabilities | 6,157,416 | 5,630,585 | 2,172,837 | 912,918 | 270,438 | 194,586 | 53,151 | 168,689 | 25,059 | 33,302 |
| net assets | 10,570,738 | 36,823,171 | 7,686,107 | 15,082,827 | 2,329,904 | 4,476,107 | 2,704,462 | 3,598,360 | 978,007 | -16,055 |
| total shareholders funds | 10,570,738 | 36,823,171 | 7,686,107 | 15,082,827 | 2,329,904 | 4,476,107 | 2,704,462 | 3,598,360 | 978,007 | -16,055 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -27,317,871 | -14,976,068 | -6,914,621 | |||||||
| Depreciation | 162,107 | 111,523 | 65,689 | 40,397 | 11,556 | 9,870 | 6,520 | 3,186 | 582 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 720,503 | 273,023 | -1,564 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -229,550 | 2,482,951 | -557,914 | 238,923 | 595,521 | 723,504 | 247,515 | 88,527 | 90,645 | 1,195 |
| Creditors | -673,057 | 1,090,786 | -8,662 | 70,122 | 19,979 | -7,704 | -60,364 | 78,478 | -9,251 | 33,302 |
| Accruals and Deferred Income | 1,205,719 | 2,337,988 | 1,267,828 | 572,363 | 55,873 | 149,134 | -55,174 | 66,160 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,008 | 1,008 | 0 |
| Cash flow from operations | -25,673,049 | -13,645,699 | -5,033,416 | |||||||
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||
| Change in Investments | 0 | 0 | -124,920 | 78,763 | -50,571 | -449,430 | 46,157 | 1 | 500,000 | 0 |
| cash flow from investments | 0 | 0 | 124,920 | |||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -5,831 | 28,974 | 753 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 222,267 | 4,278 | 17,086 | |||||||
| cash flow from financing | 339,104 | 43,869,083 | -479,782 | |||||||
| cash and cash equivalents | ||||||||||
| cash | -25,284,054 | 29,972,412 | -5,642,364 | 12,942,618 | -2,642,224 | 1,632,901 | -1,309,517 | 2,669,916 | 390,135 | 16,052 |
| overdraft | 0 | 0 | 0 | -5 | 0 | 5 | 0 | 0 | 0 | 0 |
| change in cash | -25,284,054 | 29,972,412 | -5,642,364 | 12,942,623 | -2,642,224 | 1,632,896 | -1,309,517 | 2,669,916 | 390,135 | 16,052 |
elliptic enterprises limited Credit Report and Business Information
Elliptic Enterprises Limited Competitor Analysis
Perform a competitor analysis for elliptic enterprises limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC4M area or any other competitors across 12 key performance metrics.
elliptic enterprises limited Ownership
ELLIPTIC ENTERPRISES LIMITED group structure
Elliptic Enterprises Limited has 1 subsidiary company.
Ultimate parent company
ELLIPTIC ENTERPRISES LIMITED
08458210
1 subsidiary
elliptic enterprises limited directors
Elliptic Enterprises Limited currently has 6 directors. The longest serving directors include Mr James Smith (Mar 2013) and Mr Zihao Xu (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Smith | England | 41 years | Mar 2013 | - | Director |
| Mr Zihao Xu | England | 35 years | Feb 2019 | - | Director |
| Mr Edward Lascelles | England | 49 years | Aug 2019 | - | Director |
| Ms Simone Maini | England | 42 years | Apr 2020 | - | Director |
| Mr Christopher Pilling | England | 58 years | Jan 2021 | - | Director |
| Mr Richard Seewald | England | 59 years | Oct 2021 | - | Director |
P&L
March 2023turnover
9.6m
+56%
operating profit
-27.3m
+82%
gross margin
81%
-4.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
10.6m
-0.71%
total assets
16.7m
-0.61%
cash
12.7m
-0.66%
net assets
Total assets minus all liabilities
Similar Companies
elliptic enterprises limited company details
company number
08458210
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2013
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
bitxchange ltd (December 2013)
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
office 7 35-37 ludgate hill, london, EC4M 7JN
Bank
-
Legal Advisor
-
elliptic enterprises 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 3 charges/mortgages relating to elliptic enterprises limited. Currently there are 3 open charges and 0 have been satisfied in the past.
elliptic enterprises limited Companies House Filings - See Documents
| date | description | view/download |
|---|
