colet systems limited
colet systems limited Company Information
Company Number
08897206
Website
www.gambitresearch.comRegistered Address
184 shepherds bush road, london, W6 7NL
Industry
Business and domestic software development
Telephone
02031371420
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
game theory soapbox limited 100%
colet systems limited Estimated Valuation
Pomanda estimates the enterprise value of COLET SYSTEMS LIMITED at £5.3m based on a Turnover of £6m and 0.88x industry multiple (adjusted for size and gross margin).
colet systems limited Estimated Valuation
Pomanda estimates the enterprise value of COLET SYSTEMS LIMITED at £15.5m based on an EBITDA of £2.5m and a 6.14x industry multiple (adjusted for size and gross margin).
colet systems limited Estimated Valuation
Pomanda estimates the enterprise value of COLET SYSTEMS LIMITED at £18.6m based on Net Assets of £8.2m and 2.26x industry multiple (adjusted for liquidity).
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Colet Systems Limited Overview
Colet Systems Limited is a live company located in london, W6 7NL with a Companies House number of 08897206. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2014, it's largest shareholder is game theory soapbox limited with a 100% stake. Colet Systems Limited is a established, mid sized company, Pomanda has estimated its turnover at £6m with declining growth in recent years.
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Colet Systems Limited Health Check
Pomanda's financial health check has awarded Colet Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £6m, make it larger than the average company (£3.7m)
£6m - Colet Systems Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (7.6%)
-7% - Colet Systems Limited
7.6% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
72.1% - Colet Systems Limited
72.1% - Industry AVG
Profitability
an operating margin of 31.6% make it more profitable than the average company (3.6%)
31.6% - Colet Systems Limited
3.6% - Industry AVG
Employees
with 24 employees, this is below the industry average (33)
24 - Colet Systems Limited
33 - Industry AVG
Pay Structure
on an average salary of £102.2k, the company has a higher pay structure (£67.6k)
£102.2k - Colet Systems Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £250.2k, this is more efficient (£114.5k)
£250.2k - Colet Systems Limited
£114.5k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (60 days)
38 days - Colet Systems Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (47 days)
15 days - Colet Systems Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Colet Systems Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 186 weeks, this is more cash available to meet short term requirements (19 weeks)
186 weeks - Colet Systems Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.6%, this is a lower level of debt than the average (62.2%)
10.6% - Colet Systems Limited
62.2% - Industry AVG
COLET SYSTEMS LIMITED financials
Colet Systems Limited's latest turnover from December 2022 is £6 million and the company has net assets of £8.2 million. According to their latest financial statements, Colet Systems Limited has 24 employees and maintains cash reserves of £3.5 million 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 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,004,704 | 4,422,060 | 4,922,385 | 7,409,941 | 6,315,905 | 3,120,931 | |||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 1,899,641 | 1,239,702 | 415,588 | -118,234 | -97,004 | 302,318 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 10,294 | 0 | 8,520 | 12,364 | 1,747 | 0 | |||
| Pre-Tax Profit | 1,909,935 | 1,239,702 | 424,108 | -105,870 | -2,087,909 | 302,318 | |||
| Tax | -254,939 | 92,470 | 76,450 | 64,373 | 429,344 | -23,896 | |||
| Profit After Tax | 1,654,996 | 1,332,172 | 500,558 | -41,497 | -1,658,565 | 278,422 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 1,654,996 | 1,332,172 | 500,558 | -41,497 | -1,658,565 | 278,422 | |||
| Employee Costs | 2,452,768 | 2,005,918 | 2,896,928 | 4,620,253 | 1,926,464 | ||||
| Number Of Employees | 24 | 23 | 44 | 68 | |||||
| EBITDA* | 2,525,611 | 1,790,477 | 1,114,615 | 778,067 | 756,321 | 667,420 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,518 | 24,983 | 34,496 | 491,224 | 580,948 | 469,681 | 319,908 | 352,753 | 232,890 |
| Intangible Assets | 1,662,288 | 2,132,813 | 2,131,439 | 2,636,341 | 3,233,248 | 5,822,808 | 6,730,258 | 7,219,631 | 7,709,005 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,675,806 | 2,157,796 | 2,165,935 | 3,127,565 | 3,814,196 | 6,292,489 | 7,050,166 | 7,572,384 | 7,941,895 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 638,496 | 367,728 | 548,255 | 1,974,605 | 1,191,774 | 1,047,992 | 1,230,989 | 1,309,149 | 1,084,727 |
| Group Debtors | 2,348,263 | 1,284,489 | 1,296,891 | 0 | 79,098 | 304,984 | 148,292 | 434,837 | 568 |
| Misc Debtors | 1,046,006 | 1,216,689 | 1,196,499 | 2,987,488 | 1,742,033 | 1,753,745 | 1,403,871 | 1,360,779 | 666,258 |
| Cash | 3,497,544 | 5,069,395 | 4,854,560 | 2,432,493 | 3,102,064 | 2,640,701 | 2,354,840 | 1,014,866 | 1,560,551 |
| misc current assets | 0 | 0 | 0 | 0 | 461,211 | 64,543 | 0 | 0 | 0 |
| total current assets | 7,530,309 | 7,938,301 | 7,896,205 | 7,394,586 | 6,576,180 | 5,811,965 | 5,137,992 | 4,119,631 | 3,312,104 |
| total assets | 9,206,115 | 10,096,097 | 10,062,140 | 10,522,151 | 10,390,376 | 12,104,454 | 12,188,158 | 11,692,015 | 11,253,999 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 71,823 | 78,304 | 135,502 | 1,187,410 | 129,151 | 53,523 | 17,041 | 24,873 | 1,943 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,314 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 903,255 | 444,527 | 91,339 | 0 | 884,986 | 1,016,127 | 811,704 | 611,018 | 500,320 |
| total current liabilities | 975,078 | 522,831 | 226,841 | 1,187,410 | 1,014,137 | 1,069,650 | 828,745 | 635,891 | 508,577 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 975,078 | 522,831 | 226,841 | 1,187,410 | 1,014,137 | 1,069,650 | 828,745 | 635,891 | 508,577 |
| net assets | 8,231,037 | 9,573,266 | 9,835,299 | 9,334,741 | 9,376,239 | 11,034,804 | 11,359,413 | 11,056,124 | 10,745,422 |
| total shareholders funds | 8,231,037 | 9,573,266 | 9,835,299 | 9,334,741 | 9,376,239 | 11,034,804 | 11,359,413 | 11,056,124 | 10,745,422 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,899,641 | 1,239,702 | 415,588 | -118,234 | -97,004 | 302,318 | |||
| Depreciation | 19,906 | 12,724 | 149,995 | 299,394 | 256,418 | 188,802 | 172,072 | 146,242 | 79,634 |
| Amortisation | 606,064 | 538,051 | 549,032 | 596,907 | 596,907 | 907,450 | 489,374 | 489,374 | 285,468 |
| Tax | -254,939 | 92,470 | 76,450 | 64,373 | 429,344 | -23,896 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,163,859 | -172,739 | -1,920,448 | 1,949,188 | -93,816 | 323,569 | -321,613 | 1,353,212 | 1,751,553 |
| Creditors | -6,481 | -57,198 | -1,051,908 | 1,058,259 | 75,628 | 36,482 | -7,832 | 22,930 | 1,943 |
| Accruals and Deferred Income | 458,728 | 353,188 | 91,339 | -884,986 | -131,141 | 204,423 | 200,686 | 110,698 | 500,320 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,559,060 | 2,351,676 | 2,150,944 | -933,475 | 1,223,968 | -605,766 | |||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -367,685 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -367,685 | ||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,314 | 6,314 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 10,294 | 0 | 8,520 | 12,364 | 1,747 | 0 | |||
| cash flow from financing | -2,986,931 | -1,594,205 | 8,520 | 12,363 | 1,747 | 10,473,314 | |||
| cash and cash equivalents | |||||||||
| cash | -1,571,851 | 214,835 | 2,422,067 | -669,571 | 461,363 | 285,861 | 1,339,974 | -545,685 | 1,560,551 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,571,851 | 214,835 | 2,422,067 | -669,571 | 461,363 | 285,861 | 1,339,974 | -545,685 | 1,560,551 |
colet systems limited Credit Report and Business Information
Colet Systems Limited Competitor Analysis
Perform a competitor analysis for colet systems limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
colet systems limited Ownership
COLET SYSTEMS LIMITED group structure
Colet Systems Limited has no subsidiary companies.
Ultimate parent company
COLET SYSTEMS LIMITED
08897206
colet systems limited directors
Colet Systems Limited currently has 3 directors. The longest serving directors include Mr Tom Large (Jun 2020) and Mr Kostakis Christofi (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tom Large | England | 42 years | Jun 2020 | - | Director |
| Mr Kostakis Christofi | England | 38 years | May 2023 | - | Director |
| Mr Douglas Friedberg | England | 39 years | May 2023 | - | Director |
P&L
December 2022turnover
6m
+36%
operating profit
1.9m
+53%
gross margin
72.2%
-2.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.2m
-0.14%
total assets
9.2m
-0.09%
cash
3.5m
-0.31%
net assets
Total assets minus all liabilities
colet systems limited company details
company number
08897206
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
February 2014
age
10
accounts
Full Accounts
ultimate parent company
previous names
gambit research limited (July 2020)
colet technologies limited (June 2014)
incorporated
UK
address
184 shepherds bush road, london, W6 7NL
last accounts submitted
December 2022
colet systems 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 did not find charges/mortgages relating to colet systems limited.
colet systems limited Companies House Filings - See Documents
| date | description | view/download |
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