block technology holdings limited
block technology holdings limited Company Information
Company Number
09084882
Next Accounts
6 days late
Shareholders
marc chang
the chang family trust
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
14a - 14b shepherdess walk, london, N1 7LB
Website
www.block.co.ukblock technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BLOCK TECHNOLOGY HOLDINGS LIMITED at £78m based on a Turnover of £35.4m and 2.2x industry multiple (adjusted for size and gross margin).
block technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BLOCK TECHNOLOGY HOLDINGS LIMITED at £18.1m based on an EBITDA of £2m and a 9.21x industry multiple (adjusted for size and gross margin).
block technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BLOCK TECHNOLOGY HOLDINGS LIMITED at £7.7m based on Net Assets of £5.9m and 1.31x industry multiple (adjusted for liquidity).
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Block Technology Holdings Limited Overview
Block Technology Holdings Limited is a live company located in london, N1 7LB with a Companies House number of 09084882. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2014, it's largest shareholder is marc chang with a 57.8% stake. Block Technology Holdings Limited is a established, large sized company, Pomanda has estimated its turnover at £35.4m with declining growth in recent years.
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Block Technology Holdings Limited Health Check
Pomanda's financial health check has awarded Block Technology Holdings 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
2 Regular
4 Weak
Size
annual sales of £35.4m, make it larger than the average company (£18.6m)
£35.4m - Block Technology Holdings Limited
£18.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.2%)
-3% - Block Technology Holdings Limited
8.2% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (34.8%)
41.7% - Block Technology Holdings Limited
34.8% - Industry AVG
Profitability
an operating margin of 4.6% make it as profitable than the average company (4.7%)
4.6% - Block Technology Holdings Limited
4.7% - Industry AVG
Employees
with 130 employees, this is above the industry average (103)
130 - Block Technology Holdings Limited
103 - Industry AVG
Pay Structure
on an average salary of £75.5k, the company has a higher pay structure (£42.5k)
£75.5k - Block Technology Holdings Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £272.4k, this is more efficient (£184.9k)
£272.4k - Block Technology Holdings Limited
£184.9k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (46 days)
105 days - Block Technology Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (45 days)
64 days - Block Technology Holdings Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (39 days)
13 days - Block Technology Holdings Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (14 weeks)
27 weeks - Block Technology Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (69.1%)
82.2% - Block Technology Holdings Limited
69.1% - Industry AVG
BLOCK TECHNOLOGY HOLDINGS LIMITED financials
Block Technology Holdings Limited's latest turnover from June 2023 is £35.4 million and the company has net assets of £5.9 million. According to their latest financial statements, Block Technology Holdings Limited has 130 employees and maintains cash reserves of £11.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,410,100 | 28,005,461 | 41,063,969 | 39,152,654 | 33,934,892 | 39,780,568 | 24,516,225 | 22,748,662 | 28,511,036 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 20,644,730 | 16,390,039 | 24,297,960 | 24,948,008 | 22,404,720 | 28,455,883 | 16,264,850 | 15,205,709 | 18,450,841 |
| Gross Profit | 14,765,370 | 11,615,422 | 16,766,009 | 14,204,646 | 11,530,172 | 11,324,685 | 8,251,375 | 7,542,953 | 10,060,195 |
| Admin Expenses | 13,135,001 | 13,435,519 | 12,302,045 | 13,040,033 | 8,822,783 | 9,056,558 | 7,891,303 | 7,461,969 | 9,892,256 |
| Operating Profit | 1,630,369 | -1,820,097 | 4,463,964 | 1,164,613 | 2,707,389 | 2,268,127 | 360,072 | 80,984 | 167,939 |
| Interest Payable | 3,631 | 1,880 | 5,105 | 12,273 | 21,756 | 38,967 | 16,154 | 19,364 | 13,062 |
| Interest Receivable | 30,666 | 71,101 | 62,376 | 42,275 | 36,790 | 1,416 | 5,880 | 2,643 | 6,849 |
| Pre-Tax Profit | 1,657,404 | -1,750,876 | 4,521,235 | 1,341,774 | 2,779,723 | 2,230,576 | 349,798 | 64,263 | 161,726 |
| Tax | -358,383 | 493,789 | -736,740 | -501,975 | -619,212 | -514,842 | -55,153 | 17,630 | 226,306 |
| Profit After Tax | 1,299,021 | -1,257,087 | 3,784,495 | 839,799 | 2,160,511 | 1,715,734 | 294,645 | 81,893 | 388,032 |
| Dividends Paid | 201,974 | 155,660 | 201,996 | 146,900 | 47,699 | 39,458 | 145,324 | 388,112 | 314,790 |
| Retained Profit | 793,761 | -1,645,915 | 3,470,597 | 692,899 | 2,112,812 | 1,676,276 | 149,321 | -306,219 | 73,242 |
| Employee Costs | 9,814,594 | 10,048,926 | 9,411,351 | 7,517,021 | 6,131,988 | 6,339,439 | 6,086,619 | 5,605,216 | 7,595,290 |
| Number Of Employees | 130 | 133 | 118 | 96 | 86 | 93 | 107 | 94 | 170 |
| EBITDA* | 1,965,926 | -1,482,416 | 4,776,239 | 1,816,128 | 3,404,859 | 3,119,108 | 811,994 | 406,313 | 426,786 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 532,008 | 654,403 | 674,242 | 708,207 | 458,171 | 551,011 | 838,799 | 1,254,901 | 1,479,415 |
| Intangible Assets | 903,429 | 1,044,224 | 1,185,019 | 1,325,814 | 2,640,039 | 3,109,607 | 3,579,176 | -891,199 | -834,552 |
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | 6,602,491 | 1,194,576 | 3,446,904 | 909,408 | 2,301,807 | ||||
| Total Fixed Assets | 8,037,928 | 2,893,203 | 5,306,165 | 2,943,429 | 5,400,017 | 3,660,618 | 4,417,975 | 363,702 | 644,863 |
| Stock & work in progress | 783,965 | 371,705 | 1,250,442 | 1,500,501 | 4,316 | 11,071 | |||
| Trade Debtors | 10,196,324 | 7,107,277 | 4,525,059 | 7,925,009 | 2,644,219 | 5,700,211 | 3,318,255 | 4,830,547 | 4,474,421 |
| Group Debtors | |||||||||
| Misc Debtors | 4,392,424 | 10,544,270 | 11,506,651 | 14,491,456 | 7,490,354 | 7,214,625 | 4,532,925 | 4,147,858 | 3,538,883 |
| Cash | 11,333,669 | 3,842,613 | 10,438,050 | 7,798,742 | 3,134,434 | 1,398,850 | 502,260 | 19,867 | 954,960 |
| misc current assets | |||||||||
| total current assets | 26,706,382 | 21,865,865 | 27,720,202 | 31,715,708 | 13,269,007 | 14,318,002 | 8,364,511 | 8,998,272 | 8,968,264 |
| total assets | 34,744,310 | 24,759,068 | 33,026,367 | 34,659,137 | 18,669,024 | 17,978,620 | 12,782,486 | 9,361,974 | 9,613,127 |
| Bank overdraft | 147,415 | 189,761 | 197,379 | ||||||
| Bank loan | |||||||||
| Trade Creditors | 3,639,683 | 1,690,471 | 3,868,498 | 4,692,970 | 2,095,612 | 4,423,008 | 1,727,633 | 1,918,063 | 2,473,965 |
| Group/Directors Accounts | 604,995 | 24,276 | |||||||
| other short term finances | |||||||||
| hp & lease commitments | 21,591 | 22,414 | 10,750 | 9,467 | 153,833 | 153,833 | 153,833 | 153,833 | |
| other current liabilities | 18,105,134 | 10,560,966 | 16,012,568 | 24,418,553 | 9,879,061 | 10,124,052 | 10,151,749 | 6,001,490 | 5,336,787 |
| total current liabilities | 21,766,408 | 12,273,851 | 19,891,816 | 29,120,990 | 11,974,673 | 14,848,308 | 12,827,971 | 8,295,041 | 7,964,585 |
| loans | |||||||||
| hp & lease commitments | 21,996 | 43,790 | 29,884 | 788 | 12,819 | 169,216 | 320,484 | 474,317 | |
| Accruals and Deferred Income | 6,763,700 | 6,763,643 | 5,899,572 | 1,695,786 | 4,064,878 | 2,596,145 | 897,594 | 863,708 | 963,977 |
| other liabilities | |||||||||
| provisions | 66,362 | 70,296 | 23,464 | 28,151 | 70,784 | 114,994 | 136,282 | ||
| total long term liabilities | 6,785,696 | 6,807,433 | 5,995,818 | 1,766,870 | 4,088,342 | 2,637,115 | 1,137,594 | 1,299,186 | 1,574,576 |
| total liabilities | 28,552,104 | 19,081,284 | 25,887,634 | 30,887,860 | 16,063,015 | 17,485,423 | 13,965,565 | 9,594,227 | 9,539,161 |
| net assets | 5,871,739 | 5,049,390 | 6,660,305 | 3,259,941 | 2,606,009 | 493,197 | -1,183,079 | -232,253 | 73,966 |
| total shareholders funds | 5,871,739 | 5,049,390 | 6,660,305 | 3,259,941 | 2,606,009 | 493,197 | -1,183,079 | -232,253 | 73,966 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,630,369 | -1,820,097 | 4,463,964 | 1,164,613 | 2,707,389 | 2,268,127 | 360,072 | 80,984 | 167,939 |
| Depreciation | 194,762 | 196,886 | 171,480 | 248,719 | 376,814 | 381,412 | 451,922 | 325,329 | 258,847 |
| Amortisation | 140,795 | 140,795 | 140,795 | 402,796 | 320,656 | 469,569 | |||
| Tax | -358,383 | 493,789 | -736,740 | -501,975 | -619,212 | -514,842 | -55,153 | 17,630 | 226,306 |
| Stock | 412,260 | -878,737 | -250,059 | 1,500,501 | -4,316 | -6,755 | 11,071 | ||
| Debtors | 2,345,116 | -632,491 | -3,847,259 | 10,889,493 | -478,456 | 5,063,656 | -1,127,225 | 965,101 | 8,013,304 |
| Creditors | 1,949,212 | -2,178,027 | -824,472 | 2,597,358 | -2,327,396 | 2,695,375 | -190,430 | -555,902 | 2,473,965 |
| Accruals and Deferred Income | 7,544,225 | -4,587,531 | -4,202,199 | 12,170,400 | 1,223,742 | 1,670,854 | 4,184,145 | 564,434 | 6,300,764 |
| Deferred Taxes & Provisions | -66,362 | -3,934 | 46,832 | -4,687 | -42,633 | -44,210 | -21,288 | 136,282 | |
| Cash flow from operations | 8,343,604 | -6,309,319 | 3,106,212 | 3,738,749 | 2,160,078 | 1,870,961 | 5,822,500 | -553,914 | 1,550,799 |
| Investing Activities | |||||||||
| capital expenditure | -93,624 | -2,991,367 | -171,004 | -774,088 | |||||
| Change in Investments | |||||||||
| cash flow from investments | -93,624 | -2,991,367 | -171,004 | -774,088 | |||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -604,995 | 580,719 | 24,276 | ||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | -22,617 | 25,570 | 30,379 | 10,255 | -166,652 | -156,397 | -151,268 | -153,833 | 628,150 |
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | 27,035 | 69,221 | 57,271 | 30,002 | 15,034 | -37,551 | -10,274 | -16,721 | -6,213 |
| cash flow from financing | 33,006 | 129,791 | 17,417 | 1,290 | -151,618 | -798,943 | -680,970 | -146,278 | 622,661 |
| cash and cash equivalents | |||||||||
| cash | 7,491,056 | -6,595,437 | 2,639,308 | 4,664,308 | 1,735,584 | 896,590 | 482,393 | -935,093 | 954,960 |
| overdraft | -147,415 | -42,346 | -7,618 | 197,379 | |||||
| change in cash | 7,491,056 | -6,595,437 | 2,639,308 | 4,664,308 | 1,882,999 | 938,936 | 490,011 | -1,132,472 | 954,960 |
block technology holdings limited Credit Report and Business Information
Block Technology Holdings Limited Competitor Analysis
Perform a competitor analysis for block technology holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in N 1 area or any other competitors across 12 key performance metrics.
block technology holdings limited Ownership
BLOCK TECHNOLOGY HOLDINGS LIMITED group structure
Block Technology Holdings Limited has 4 subsidiary companies.
Ultimate parent company
BLOCK TECHNOLOGY HOLDINGS LIMITED
09084882
4 subsidiaries
block technology holdings limited directors
Block Technology Holdings Limited currently has 4 directors. The longest serving directors include Mr Marc Chang (Jun 2014) and Mr Mark Walton (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marc Chang | Wales | 49 years | Jun 2014 | - | Director |
| Mr Mark Walton | 52 years | Oct 2019 | - | Director | |
| Mr Dominic Ely | 52 years | Aug 2020 | - | Director | |
| Mr Robert Allen | 52 years | Jun 2023 | - | Director |
P&L
June 2023turnover
35.4m
+26%
operating profit
1.6m
-190%
gross margin
41.7%
+0.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
5.9m
+0.16%
total assets
34.7m
+0.4%
cash
11.3m
+1.95%
net assets
Total assets minus all liabilities
block technology holdings limited company details
company number
09084882
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BDA ASSOCIATES LIMITED
address
14a - 14b shepherdess walk, london, N1 7LB
Bank
-
Legal Advisor
-
block technology holdings 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 block technology holdings limited.
block technology holdings limited Capital Raised & Share Issues BETA
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block technology holdings limited Companies House Filings - See Documents
| date | description | view/download |
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