krakenflex limited
krakenflex limited Company Information
Company Number
09115827
Next Accounts
Jan 2026
Shareholders
kraken technologies limited
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
uk house, 5th floor, 164-182 oxford street, london, W1D 1NN
Website
https://www.upsideenergy.comkrakenflex limited Estimated Valuation
Pomanda estimates the enterprise value of KRAKENFLEX LIMITED at £4.5m based on a Turnover of £6.5m and 0.7x industry multiple (adjusted for size and gross margin).
krakenflex limited Estimated Valuation
Pomanda estimates the enterprise value of KRAKENFLEX LIMITED at £0 based on an EBITDA of £-3.6m and a 4.75x industry multiple (adjusted for size and gross margin).
krakenflex limited Estimated Valuation
Pomanda estimates the enterprise value of KRAKENFLEX LIMITED at £0 based on Net Assets of £-13.7m and 2.25x industry multiple (adjusted for liquidity).
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Krakenflex Limited Overview
Krakenflex Limited is a live company located in london, W1D 1NN with a Companies House number of 09115827. It operates in the other information technology service activities sector, SIC Code 62090. Founded in July 2014, it's largest shareholder is kraken technologies limited with a 100% stake. Krakenflex Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.5m with rapid growth in recent years.
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Krakenflex Limited Health Check
Pomanda's financial health check has awarded Krakenflex Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £6.5m, make it in line with the average company (£7.4m)
£6.5m - Krakenflex Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 164%, show it is growing at a faster rate (9.1%)
164% - Krakenflex Limited
9.1% - Industry AVG
Production
with a gross margin of 35.9%, this company has a higher cost of product (50.1%)
35.9% - Krakenflex Limited
50.1% - Industry AVG
Profitability
an operating margin of -141.5% make it less profitable than the average company (4%)
-141.5% - Krakenflex Limited
4% - Industry AVG
Employees
with 190 employees, this is above the industry average (43)
190 - Krakenflex Limited
43 - Industry AVG
Pay Structure
on an average salary of £83.7k, the company has an equivalent pay structure (£72.6k)
£83.7k - Krakenflex Limited
£72.6k - Industry AVG
Efficiency
resulting in sales per employee of £34k, this is less efficient (£178.2k)
£34k - Krakenflex Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (51 days)
45 days - Krakenflex Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (34 days)
22 days - Krakenflex Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (12 days)
51 days - Krakenflex Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)
4 weeks - Krakenflex Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 149.2%, this is a higher level of debt than the average (63.8%)
149.2% - Krakenflex Limited
63.8% - Industry AVG
KRAKENFLEX LIMITED financials
Krakenflex Limited's latest turnover from April 2024 is £6.5 million and the company has net assets of -£13.7 million. According to their latest financial statements, Krakenflex Limited has 190 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,457,000 | 2,004,000 | 600,000 | 349,000 | ||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 4,137,000 | 556,000 | 211,000 | 768,000 | ||||||
| Gross Profit | 2,320,000 | 1,448,000 | 389,000 | -419,000 | ||||||
| Admin Expenses | 11,457,000 | 5,707,000 | 2,810,000 | 1,642,000 | ||||||
| Operating Profit | -9,137,000 | -4,259,000 | -2,421,000 | -2,061,000 | ||||||
| Interest Payable | 2,660,000 | 956,000 | 370,000 | 194,000 | ||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | -11,797,000 | -5,215,000 | -2,791,000 | -2,255,000 | ||||||
| Tax | 2,660,000 | 2,682,000 | -22,000 | |||||||
| Profit After Tax | -9,137,000 | -2,533,000 | -2,791,000 | -2,277,000 | ||||||
| Dividends Paid | ||||||||||
| Retained Profit | -9,137,000 | -2,533,000 | -2,791,000 | -2,277,000 | ||||||
| Employee Costs | 15,907,000 | 6,455,000 | 3,717,000 | 2,238,000 | ||||||
| Number Of Employees | 190 | 89 | 52 | 32 | 36 | 31 | 15 | 11 | 8 | |
| EBITDA* | -3,607,000 | -2,086,000 | -1,803,000 | -1,986,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 897,000 | 638,000 | 57,000 | 24,000 | 17,081 | 77,649 | 39,270 | 21,678 | 3,593 | |
| Intangible Assets | 16,134,000 | 6,754,000 | 2,367,000 | 540,000 | 51,507 | 39,480 | 2,170 | 19,431 | ||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 17,031,000 | 7,392,000 | 2,424,000 | 564,000 | 17,081 | 129,156 | 78,750 | 23,848 | 23,024 | |
| Stock & work in progress | 586,000 | 580,000 | 51,000 | 7,000 | 10,852 | |||||
| Trade Debtors | 807,000 | 770,000 | 139,000 | 87,000 | 129,732 | 27,005 | 2,400 | 35,871 | ||
| Group Debtors | 5,580,000 | 497,000 | 85,000 | |||||||
| Misc Debtors | 338,000 | 268,000 | 316,000 | 188,000 | 485,442 | 568,595 | 735,371 | 216,267 | 81,064 | |
| Cash | 3,573,000 | 345,000 | 188,000 | 356,000 | 350,397 | 1,739,956 | 4,076,310 | 463,099 | 262,706 | |
| misc current assets | ||||||||||
| total current assets | 10,884,000 | 2,460,000 | 779,000 | 638,000 | 976,423 | 2,335,556 | 4,811,681 | 681,766 | 379,641 | |
| total assets | 27,915,000 | 9,852,000 | 3,203,000 | 1,202,000 | 993,504 | 2,464,712 | 4,890,431 | 705,614 | 402,665 | |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 259,000 | 892,000 | 22,000 | 62,000 | 109,537 | 176,823 | 102,397 | 42,048 | 5,727 | |
| Group/Directors Accounts | 40,637,000 | 13,906,000 | 6,150,000 | 1,740,000 | 47,309 | 87,844 | ||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 759,000 | 634,000 | 487,000 | 188,000 | 356,030 | 193,477 | 154,926 | 29,826 | 45,645 | |
| total current liabilities | 41,655,000 | 15,432,000 | 6,659,000 | 1,990,000 | 465,567 | 370,300 | 257,323 | 119,183 | 139,216 | |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | ||||||||||
| total liabilities | 41,655,000 | 15,432,000 | 6,659,000 | 1,990,000 | 465,567 | 370,300 | 257,323 | 119,183 | 139,216 | |
| net assets | -13,740,000 | -5,580,000 | -3,456,000 | -788,000 | 527,937 | 2,094,412 | 4,633,108 | 586,431 | 263,449 | |
| total shareholders funds | -13,740,000 | -5,580,000 | -3,456,000 | -788,000 | 527,937 | 2,094,412 | 4,633,108 | 586,431 | 263,449 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -9,137,000 | -4,259,000 | -2,421,000 | -2,061,000 | ||||||
| Depreciation | 54,000 | 266,000 | 21,000 | 18,000 | 73,000 | 67,442 | 8,694 | 3,593 | ||
| Amortisation | 5,476,000 | 1,907,000 | 597,000 | 57,000 | 20,183 | 14,454 | 11,052 | 4,858 | ||
| Tax | 2,660,000 | 2,682,000 | -22,000 | |||||||
| Stock | 6,000 | 529,000 | 44,000 | -3,852 | 10,852 | |||||
| Debtors | 5,190,000 | 995,000 | 265,000 | -340,174 | 19,574 | -139,771 | 516,704 | 101,732 | 116,935 | |
| Creditors | -633,000 | 870,000 | -40,000 | -47,537 | -67,286 | 74,426 | 60,349 | 36,321 | 5,727 | |
| Accruals and Deferred Income | 125,000 | 147,000 | 299,000 | -168,030 | 162,553 | 38,551 | 125,100 | -15,819 | 45,645 | |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | -6,651,000 | 89,000 | -1,853,000 | -1,879,541 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | 26,731,000 | 7,756,000 | 4,410,000 | 1,740,000 | -47,309 | -40,535 | 87,844 | |||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -2,660,000 | -956,000 | -370,000 | -194,000 | ||||||
| cash flow from financing | 25,048,000 | 7,209,000 | 4,163,000 | 2,507,063 | ||||||
| cash and cash equivalents | ||||||||||
| cash | 3,228,000 | 157,000 | -168,000 | 5,603 | -1,389,559 | -2,336,354 | 3,613,211 | 200,393 | 262,706 | |
| overdraft | ||||||||||
| change in cash | 3,228,000 | 157,000 | -168,000 | 5,603 | -1,389,559 | -2,336,354 | 3,613,211 | 200,393 | 262,706 |
krakenflex limited Credit Report and Business Information
Krakenflex Limited Competitor Analysis
Perform a competitor analysis for krakenflex limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in W1D area or any other competitors across 12 key performance metrics.
krakenflex limited Ownership
KRAKENFLEX LIMITED group structure
Krakenflex Limited has no subsidiary companies.
Ultimate parent company
2 parents
KRAKENFLEX LIMITED
09115827
krakenflex limited directors
Krakenflex Limited currently has 3 directors. The longest serving directors include Mr Devrim Celal (Dec 2017) and Mr Timothy Heal (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Devrim Celal | United Kingdom | 54 years | Dec 2017 | - | Director |
| Mr Timothy Heal | United Kingdom | 41 years | Oct 2020 | - | Director |
| Ms Zoisa North-Bond | United Kingdom | 45 years | Oct 2020 | - | Director |
P&L
April 2024turnover
6.5m
+222%
operating profit
-9.1m
+115%
gross margin
36%
-50.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-13.7m
+1.46%
total assets
27.9m
+1.83%
cash
3.6m
+9.36%
net assets
Total assets minus all liabilities
krakenflex limited company details
company number
09115827
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
July 2014
age
11
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2024
previous names
upside energy ltd (July 2021)
accountant
-
auditor
-
address
uk house, 5th floor, 164-182 oxford street, london, W1D 1NN
Bank
HSBC BANK PLC
Legal Advisor
-
krakenflex 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 2 charges/mortgages relating to krakenflex limited. Currently there are 0 open charges and 2 have been satisfied in the past.
krakenflex limited 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.
Click to start generating capital raising & share issue transactions for KRAKENFLEX LIMITED. This can take several minutes, an email will notify you when this has completed.
krakenflex limited Companies House Filings - See Documents
| date | description | view/download |
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