Pomanda estimates the enterprise value of NEWDAY TECHNOLOGY LTD at £105.6m based on a Turnover of £67m and 1.57x industry multiple (adjusted for size and gross margin).
newday technology ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NEWDAY TECHNOLOGY LTD at £0 based on an EBITDA of £-7.5m and a 10.14x industry multiple (adjusted for size and gross margin).
newday technology ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NEWDAY TECHNOLOGY LTD at £0 based on Net Assets of £-17.4m and 2.17x industry multiple (adjusted for liquidity).
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Newday Technology LtdOverview
Newday Technology Ltd is a live company located in london, N1C 4DA with a Companies House number of 08812602. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2013, it's largest shareholder is
newday intermediate holdings ltd
with a 100% stake. Newday Technology Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£67m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Newday Technology Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
3 Strong
2 Regular
4 Weak
Size
annual sales of £67m, make it larger than the average company (£7.4m)
£67m - Newday Technology Ltd
£7.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Newday Technology Ltd
- - Industry AVG
Production
with a gross margin of 51.3%, this company has a comparable cost of product (51.3%)
51.3% - Newday Technology Ltd
51.3% - Industry AVG
Profitability
an operating margin of -11.2% make it less profitable than the average company (3.5%)
-11.2% - Newday Technology Ltd
3.5% - Industry AVG
Employees
with 350 employees, this is above the industry average (44)
350 - Newday Technology Ltd
44 - Industry AVG
Pay Structure
on an average salary of £113k, the company has a higher pay structure (£74.4k)
£113k - Newday Technology Ltd
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £191.5k, this is equally as efficient (£178.8k)
£191.5k - Newday Technology Ltd
£178.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Newday Technology Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 176 days, this is slower than average (33 days)
176 days - Newday Technology Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Newday Technology Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Newday Technology Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.2%, this is a higher level of debt than the average (64.2%)
126.2% - Newday Technology Ltd
64.2% - Industry AVG
NEWDAY TECHNOLOGY LTD financials
EXPORT
Newday Technology Ltd's latest turnover from December 2023 is £67 million and the company has net assets of -£17.4 million. According to their latest financial statements, Newday Technology Ltd has 350 employees and maintains cash reserves of £7 million 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
Turnover
67,031,000
6,590,000
64,000
Other Income Or Grants
Cost Of Sales
32,616,658
3,132,615
Gross Profit
34,414,342
3,457,385
64,000
Admin Expenses
41,939,342
7,904,385
-208,000
300,000
Operating Profit
-7,525,000
-4,447,000
272,000
-300,000
Interest Payable
3,122,000
335,000
Interest Receivable
3,000
Pre-Tax Profit
-10,644,000
-4,782,000
272,000
-300,000
Tax
-715,000
-1,231,000
Profit After Tax
-11,359,000
-6,013,000
272,000
-300,000
Dividends Paid
Retained Profit
-11,359,000
-6,013,000
272,000
-300,000
Employee Costs
39,559,000
13,000
67,341
63,230
Number Of Employees
350
39
1
1
EBITDA*
-7,525,000
-4,447,000
272,000
-300,000
* 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
Tangible Assets
Intangible Assets
53,701,000
31,398,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
53,701,000
31,398,000
Stock & work in progress
Trade Debtors
Group Debtors
3,786,000
Misc Debtors
1,118,000
665,000
77,000
200,000
Cash
7,047,000
192,000
1,000
misc current assets
total current assets
12,726,000
857,000
78,000
200,000
total assets
66,427,000
32,255,000
78,000
200,000
Bank overdraft
Bank loan
Trade Creditors
15,764,000
50,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
68,087,000
38,270,000
130,000
500,000
total current liabilities
83,851,000
38,320,000
130,000
500,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
83,851,000
38,320,000
130,000
500,000
net assets
-17,424,000
-6,065,000
-52,000
-300,000
total shareholders funds
-17,424,000
-6,065,000
-52,000
-300,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Operating Activities
Operating Profit
-7,525,000
-4,447,000
272,000
-300,000
Depreciation
Amortisation
Tax
-715,000
-1,231,000
Stock
Debtors
4,239,000
588,000
-123,000
200,000
Creditors
15,714,000
50,000
Accruals and Deferred Income
29,817,000
38,140,000
-370,000
500,000
Deferred Taxes & Provisions
Cash flow from operations
33,052,000
31,924,000
25,000
Investing Activities
capital expenditure
-22,303,000
-31,398,000
Change in Investments
cash flow from investments
-22,303,000
-31,398,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-24,000
interest
-3,119,000
-335,000
cash flow from financing
-3,119,000
-335,000
-24,000
cash and cash equivalents
cash
6,855,000
191,000
1,000
overdraft
change in cash
6,855,000
191,000
1,000
newday technology ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for newday technology ltd. Get real-time insights into newday technology ltd's credit score, group structure and payment trends.
Perform a competitor analysis for newday technology ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in N1C area or any other competitors across 12 key performance metrics.
newday technology ltd Ownership
NEWDAY TECHNOLOGY LTD group structure
Newday Technology Ltd has no subsidiary companies.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
-17.4m
+1.87%
total assets
66.4m
+1.06%
cash
7m
+35.7%
net assets
Total assets minus all liabilities
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newday technology ltd company details
company number
08812602
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
December 2013
age
12
incorporated
UK
ultimate parent company
NEMEAN TOPCO LTD
accounts
Full Accounts
last accounts submitted
December 2023
previous names
invicta card services limited (June 2020)
newday group ltd (April 2014)
accountant
-
auditor
KPMG LLP
address
7 handyside street, london, N1C 4DA
Bank
-
Legal Advisor
SLAUGHTER AND MAY
newday technology 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 1 charges/mortgages relating to newday technology ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
newday technology 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.
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newday technology ltdCompanies House Filings - See Documents
