ravelin technology ltd
ravelin technology ltd Company Information
Company Number
09273460
Next Accounts
Sep 2025
Shareholders
passion capital nominees limited
blackfin capital partners
View AllGroup Structure
View All
Industry
Data processing, hosting and related activities
Registered Address
bentima house, 168-172 old street, london, EC1V 9BP
Website
www.ravelin.comravelin technology ltd Estimated Valuation
Pomanda estimates the enterprise value of RAVELIN TECHNOLOGY LTD at £22.1m based on a Turnover of £14.7m and 1.5x industry multiple (adjusted for size and gross margin).
ravelin technology ltd Estimated Valuation
Pomanda estimates the enterprise value of RAVELIN TECHNOLOGY LTD at £0 based on an EBITDA of £-7.2m and a 8.36x industry multiple (adjusted for size and gross margin).
ravelin technology ltd Estimated Valuation
Pomanda estimates the enterprise value of RAVELIN TECHNOLOGY LTD at £16.3m based on Net Assets of £7.1m and 2.29x industry multiple (adjusted for liquidity).
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Ravelin Technology Ltd Overview
Ravelin Technology Ltd is a live company located in london, EC1V 9BP with a Companies House number of 09273460. It operates in the data processing, hosting and related activities sector, SIC Code 63110. Founded in October 2014, it's largest shareholder is passion capital nominees limited with a 19.2% stake. Ravelin Technology Ltd is a established, mid sized company, Pomanda has estimated its turnover at £14.7m with high growth in recent years.
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Ravelin Technology Ltd Health Check
Pomanda's financial health check has awarded Ravelin Technology Ltd 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 £14.7m, make it larger than the average company (£6.2m)
£14.7m - Ravelin Technology Ltd
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.9%)
24% - Ravelin Technology Ltd
5.9% - Industry AVG
Production
with a gross margin of 78.6%, this company has a lower cost of product (63.3%)
78.6% - Ravelin Technology Ltd
63.3% - Industry AVG
Profitability
an operating margin of -49% make it less profitable than the average company (4.4%)
-49% - Ravelin Technology Ltd
4.4% - Industry AVG
Employees
with 107 employees, this is above the industry average (34)
107 - Ravelin Technology Ltd
34 - Industry AVG
Pay Structure
on an average salary of £95.5k, the company has a higher pay structure (£78.2k)
£95.5k - Ravelin Technology Ltd
£78.2k - Industry AVG
Efficiency
resulting in sales per employee of £137.6k, this is less efficient (£174k)
£137.6k - Ravelin Technology Ltd
£174k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (53 days)
81 days - Ravelin Technology Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (37 days)
89 days - Ravelin Technology Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ravelin Technology Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 98 weeks, this is more cash available to meet short term requirements (16 weeks)
98 weeks - Ravelin Technology Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.2%, this is a lower level of debt than the average (57.4%)
36.2% - Ravelin Technology Ltd
57.4% - Industry AVG
RAVELIN TECHNOLOGY LTD financials
Ravelin Technology Ltd's latest turnover from December 2023 is £14.7 million and the company has net assets of £7.1 million. According to their latest financial statements, Ravelin Technology Ltd has 107 employees and maintains cash reserves of £5.7 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,725,297 | 13,187,724 | 11,035,789 | 7,705,279 | |||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 3,149,891 | 2,864,800 | 2,317,295 | 1,513,154 | |||||
| Gross Profit | 11,575,406 | 10,322,924 | 8,718,494 | 6,192,125 | |||||
| Admin Expenses | 18,798,296 | 15,716,474 | 13,657,291 | 10,026,905 | |||||
| Operating Profit | -7,222,890 | -5,393,550 | -4,938,797 | -3,834,780 | |||||
| Interest Payable | 107 | ||||||||
| Interest Receivable | 142,677 | 31,369 | 34,425 | ||||||
| Pre-Tax Profit | -7,080,213 | -5,362,181 | -4,904,479 | -3,834,780 | |||||
| Tax | 1,165,070 | 1,778,172 | 1,242,020 | 999,614 | |||||
| Profit After Tax | -5,915,143 | -3,584,009 | -3,662,459 | -2,835,166 | |||||
| Dividends Paid | |||||||||
| Retained Profit | -5,915,143 | -3,584,009 | -3,662,459 | -2,835,166 | |||||
| Employee Costs | 10,220,052 | 9,082,144 | 8,500,615 | 6,465,448 | |||||
| Number Of Employees | 107 | 99 | 95 | 75 | 61 | 44 | 32 | 29 | 9 |
| EBITDA* | -7,170,532 | -5,331,571 | -4,874,329 | -3,834,780 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 89,431 | 89,294 | 106,982 | 99,963 | 88,340 | 98,209 | 83,138 | 51,021 | 16,783 |
| Intangible Assets | |||||||||
| Investments & Other | 8 | 8 | |||||||
| Debtors (Due After 1 year) | 126,533 | 126,533 | 126,533 | 126,533 | 126,533 | ||||
| Total Fixed Assets | 215,964 | 215,827 | 233,515 | 226,496 | 214,881 | 98,217 | 83,138 | 51,021 | 16,783 |
| Stock & work in progress | |||||||||
| Trade Debtors | 3,289,631 | 2,294,692 | 1,703,010 | 2,166,955 | 986,229 | 801,235 | 436,443 | 127,446 | 24,000 |
| Group Debtors | 1 | ||||||||
| Misc Debtors | 1,991,027 | 2,666,087 | 2,197,823 | 1,308,991 | 1,022,072 | 837,107 | 890,325 | 185,086 | 24,000 |
| Cash | 5,707,647 | 9,636,368 | 13,345,737 | 16,309,446 | 2,844,449 | 6,357,338 | 942,641 | 2,872,992 | 1,157,203 |
| misc current assets | |||||||||
| total current assets | 10,988,305 | 14,597,147 | 17,246,571 | 19,785,392 | 4,852,750 | 7,995,680 | 2,269,409 | 3,185,524 | 1,205,203 |
| total assets | 11,204,269 | 14,812,974 | 17,480,086 | 20,011,888 | 5,067,631 | 8,093,897 | 2,352,547 | 3,236,545 | 1,221,986 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 771,997 | 658,038 | 396,401 | 281,563 | 195,086 | 82,625 | 122,526 | 164,265 | 10,073 |
| Group/Directors Accounts | 208,932 | ||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 2,235,379 | 1,125,994 | 1,208,240 | 863,955 | 605,862 | 398,969 | 132,837 | 59,958 | 32,753 |
| total current liabilities | 3,007,376 | 1,784,032 | 1,604,641 | 1,145,518 | 1,009,880 | 481,594 | 255,363 | 224,223 | 42,826 |
| loans | 970,858 | 877,340 | 625,565 | ||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 80,000 | 80,000 | 18,505 | 18,505 | 8,505 | 30,000 | |||
| total long term liabilities | 1,050,858 | 957,340 | 644,070 | 18,505 | 8,505 | 30,000 | |||
| total liabilities | 4,058,234 | 2,741,372 | 2,248,711 | 1,164,023 | 1,018,385 | 511,594 | 255,363 | 224,223 | 42,826 |
| net assets | 7,146,035 | 12,071,602 | 15,231,375 | 18,847,865 | 4,049,246 | 7,582,303 | 2,097,184 | 3,012,322 | 1,179,160 |
| total shareholders funds | 7,146,035 | 12,071,602 | 15,231,375 | 18,847,865 | 4,049,246 | 7,582,303 | 2,097,184 | 3,012,322 | 1,179,160 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -7,222,890 | -5,393,550 | -4,938,797 | -3,834,780 | |||||
| Depreciation | 52,358 | 61,979 | 64,468 | 64,077 | 40,896 | 24,664 | 8,552 | 1,894 | |
| Amortisation | |||||||||
| Tax | 1,165,070 | 1,778,172 | 1,242,020 | 999,614 | |||||
| Stock | |||||||||
| Debtors | 319,879 | 1,059,945 | 424,888 | 1,467,645 | 496,492 | 311,574 | 1,014,236 | 264,532 | 48,000 |
| Creditors | 113,959 | 261,637 | 114,838 | 86,477 | 112,461 | -39,901 | -41,739 | 154,192 | 10,073 |
| Accruals and Deferred Income | 1,109,385 | -82,246 | 344,285 | 258,093 | 206,893 | 266,132 | 72,879 | 27,205 | 32,753 |
| Deferred Taxes & Provisions | 61,495 | 10,000 | -21,495 | 30,000 | |||||
| Cash flow from operations | -5,101,997 | -4,372,458 | -3,598,074 | -3,948,241 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -8 | 8 | |||||||
| cash flow from investments | 8 | ||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -208,932 | 208,932 | |||||||
| Other Short Term Loans | |||||||||
| Long term loans | 93,518 | 251,775 | 625,565 | ||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | 142,677 | 31,369 | 34,318 | ||||||
| cash flow from financing | 1,225,771 | 707,380 | 705,852 | 17,424,853 | |||||
| cash and cash equivalents | |||||||||
| cash | -3,928,721 | -3,709,369 | -2,963,709 | 13,464,997 | -3,512,889 | 5,414,697 | -1,930,351 | 1,715,789 | 1,157,203 |
| overdraft | |||||||||
| change in cash | -3,928,721 | -3,709,369 | -2,963,709 | 13,464,997 | -3,512,889 | 5,414,697 | -1,930,351 | 1,715,789 | 1,157,203 |
ravelin technology ltd Credit Report and Business Information
Ravelin Technology Ltd Competitor Analysis
Perform a competitor analysis for ravelin technology ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC1V area or any other competitors across 12 key performance metrics.
ravelin technology ltd Ownership
RAVELIN TECHNOLOGY LTD group structure
Ravelin Technology Ltd has no subsidiary companies.
Ultimate parent company
RAVELIN TECHNOLOGY LTD
09273460
ravelin technology ltd directors
Ravelin Technology Ltd currently has 6 directors. The longest serving directors include Mr Martin Sweeney (Oct 2014) and Mr Robert Dighero (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Sweeney | England | 38 years | Oct 2014 | - | Director |
| Mr Robert Dighero | England | 58 years | Feb 2015 | - | Director |
| Mr Christopher Smith | England | 43 years | May 2019 | - | Director |
| Mr Adam Coyle | England | 58 years | Feb 2025 | - | Director |
| Mr Gabriel De Montessus | England | 45 years | Feb 2025 | - | Director |
| Mr John Winstel | England | 41 years | Feb 2025 | - | Director |
P&L
December 2023turnover
14.7m
+12%
operating profit
-7.2m
+34%
gross margin
78.7%
+0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.1m
-0.41%
total assets
11.2m
-0.24%
cash
5.7m
-0.41%
net assets
Total assets minus all liabilities
ravelin technology ltd company details
company number
09273460
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
bentima house, 168-172 old street, london, EC1V 9BP
Bank
-
Legal Advisor
-
ravelin 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 did not find charges/mortgages relating to ravelin technology ltd.
ravelin 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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ravelin technology ltd Companies House Filings - See Documents
| date | description | view/download |
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