smartspace global ltd
smartspace global ltd Company Information
Company Number
09336000
Registered Address
27 old gloucester street, london, WC1N 3AX
Industry
Business and domestic software development
Telephone
01638510900
Next Accounts Due
September 2024
Group Structure
View All
Directors
Ruth Fornell0 Years
Shareholders
four winds interactive uk ltd 100%
smartspace global ltd Estimated Valuation
Pomanda estimates the enterprise value of SMARTSPACE GLOBAL LTD at £5m based on a Turnover of £6.9m and 0.73x industry multiple (adjusted for size and gross margin).
smartspace global ltd Estimated Valuation
Pomanda estimates the enterprise value of SMARTSPACE GLOBAL LTD at £0 based on an EBITDA of £-1.2m and a 4.75x industry multiple (adjusted for size and gross margin).
smartspace global ltd Estimated Valuation
Pomanda estimates the enterprise value of SMARTSPACE GLOBAL LTD at £76.4m based on Net Assets of £202.1m and 0.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Smartspace Global Ltd Overview
Smartspace Global Ltd is a live company located in london, WC1N 3AX with a Companies House number of 09336000. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2014, it's largest shareholder is four winds interactive uk ltd with a 100% stake. Smartspace Global Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.9m with high growth in recent years.
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Smartspace Global Ltd Health Check
Pomanda's financial health check has awarded Smartspace Global Ltd a 4 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 £6.9m, make it larger than the average company (£3.7m)
£6.9m - Smartspace Global Ltd
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (7.7%)
27% - Smartspace Global Ltd
7.7% - Industry AVG
Production
with a gross margin of 38.4%, this company has a higher cost of product (71.4%)
38.4% - Smartspace Global Ltd
71.4% - Industry AVG
Profitability
an operating margin of -22.3% make it less profitable than the average company (3.6%)
-22.3% - Smartspace Global Ltd
3.6% - Industry AVG
Employees
with 53 employees, this is above the industry average (34)
53 - Smartspace Global Ltd
34 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has a lower pay structure (£67.6k)
£51.8k - Smartspace Global Ltd
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £129.8k, this is equally as efficient (£113.6k)
£129.8k - Smartspace Global Ltd
£113.6k - Industry AVG
Debtor Days
it gets paid by customers after 205 days, this is later than average (60 days)
205 days - Smartspace Global Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 186 days, this is slower than average (47 days)
186 days - Smartspace Global Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smartspace Global Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (19 weeks)
4 weeks - Smartspace Global Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24%, this is a lower level of debt than the average (62.1%)
24% - Smartspace Global Ltd
62.1% - Industry AVG
SMARTSPACE GLOBAL LTD financials
Smartspace Global Ltd's latest turnover from December 2022 is £6.9 million and the company has net assets of £202.1 million. According to their latest financial statements, Smartspace Global Ltd has 53 employees and maintains cash reserves of £974 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 6,877,296 | 6,089,928 | 3,178,120 | 2,073,700 | 3,348,219 | 4,069,545 | 1,570,822 | 1,260,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,233,444 | 1,105,273 | 721,796 | 976,321 | 713,799 | 29,844 | 64,870 | 40,000 |
| Gross Profit | 2,643,852 | 4,984,655 | 2,456,324 | 1,097,379 | 2,634,420 | 4,039,701 | 1,505,952 | 1,220,000 |
| Admin Expenses | 4,176,510 | 6,207,251 | 4,658,732 | 6,910,691 | 4,600,264 | 2,712,322 | 1,780,396 | 1,356,000 |
| Operating Profit | -1,532,658 | -1,222,596 | -2,202,408 | -5,813,312 | -1,965,844 | 1,327,379 | -274,444 | -136,000 |
| Interest Payable | 3,260,224 | 1,852,719 | 247,677 | 52,436 | 196 | 17,013 | 0 | 0 |
| Interest Receivable | 3,363,832 | 1,932,449 | 35,252 | 50,261 | 9,798 | 0 | 862 | 0 |
| Pre-Tax Profit | -1,429,050 | -1,142,866 | 9,240,767 | -5,777,507 | -1,956,242 | 1,310,366 | -275,306 | -136,000 |
| Tax | 462,070 | 328,268 | 274,588 | 280,389 | 667,684 | 0 | 0 | 0 |
| Profit After Tax | -966,980 | -814,598 | 9,515,355 | -5,497,118 | -1,288,558 | 1,310,366 | -275,306 | -136,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -966,980 | -814,598 | 9,515,355 | -5,497,118 | -1,288,558 | 1,310,366 | -275,306 | -136,000 |
| Employee Costs | 2,745,154 | 4,377,264 | 2,651,570 | 1,649,768 | 1,444,484 | 719,000 | ||
| Number Of Employees | 53 | 45 | 41 | 64 | 46 | 36 | 25 | 32 |
| EBITDA* | -1,163,084 | -34,741 | -1,456,914 | -4,859,691 | -1,409,117 | 1,503,329 | -256,775 | -136,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 595,629 | 790,490 | 1,009,409 | 1,035,009 | 99,592 | 66,046 | 26,961 | 19,000 |
| Intangible Assets | 4,937,636 | 3,027,073 | 2,890,968 | 2,495,305 | 2,335,568 | 1,363,028 | 283,638 | 0 |
| Investments & Other | 200,263,804 | 200,263,804 | 0 | 0 | 0 | 0 | 0 | 373,000 |
| Debtors (Due After 1 year) | 52,505,797 | 49,142,887 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 258,302,866 | 253,224,254 | 3,900,377 | 3,530,314 | 2,435,160 | 1,429,074 | 310,599 | 392,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,874,452 | 4,596,373 | 4,031,949 | 2,902,730 | 1,415,953 | 594,953 | 557,058 | 273,000 |
| Group Debtors | 675,580 | 602,811 | 0 | 0 | 107,406 | 1,180 | 0 | 0 |
| Misc Debtors | 1,997,718 | 1,618,760 | 1,132,121 | 1,148,857 | 3,083,014 | 1,602,411 | 592,325 | 129,000 |
| Cash | 974,031 | 1,692,701 | 450,093 | 1,073,377 | 196,234 | 0 | 0 | 44,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,521,781 | 8,510,645 | 5,614,163 | 5,124,964 | 4,802,607 | 2,198,544 | 1,149,383 | 446,000 |
| total assets | 265,824,647 | 261,734,899 | 9,514,540 | 8,655,278 | 7,237,767 | 3,627,618 | 1,459,982 | 838,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 633,597 | 596,472 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 13,284 | 49,643 | 0 |
| Trade Creditors | 2,162,538 | 3,043,418 | 2,202,539 | 1,083,338 | 219,129 | 169,040 | 88,233 | 141,000 |
| Group/Directors Accounts | 6,336,159 | 4,267,310 | 2,211,995 | 12,328,273 | 6,281,604 | 1,500,393 | 894,357 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 160,398 | 159,515 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,300,863 | 1,528,157 | 567,944 | 318,720 | 1,126,583 | 401,462 | 229,350 | 146,000 |
| total current liabilities | 10,959,958 | 8,998,400 | 4,982,478 | 13,730,331 | 7,627,316 | 2,717,776 | 1,858,055 | 287,000 |
| loans | 52,328,955 | 49,073,387 | 0 | 0 | 0 | 0 | 13,284 | 0 |
| hp & lease commitments | 424,822 | 585,220 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 903,374 | 811,614 | 0 | 0 | 0 | 687,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 52,753,777 | 49,658,607 | 903,374 | 811,614 | 0 | 0 | 13,284 | 687,000 |
| total liabilities | 63,713,735 | 58,657,007 | 5,885,852 | 14,541,945 | 7,627,316 | 2,717,776 | 1,871,339 | 974,000 |
| net assets | 202,110,912 | 203,077,892 | 3,628,688 | -5,886,667 | -389,549 | 909,842 | -411,357 | -136,000 |
| total shareholders funds | 202,110,912 | 203,077,892 | 3,628,688 | -5,886,667 | -389,549 | 909,842 | -411,357 | -136,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -1,532,658 | -1,222,596 | -2,202,408 | -5,813,312 | -1,965,844 | 1,327,379 | -274,444 | -136,000 |
| Depreciation | 202,321 | 231,951 | 272,456 | 85,397 | 43,542 | 23,678 | 15,491 | 0 |
| Amortisation | 167,253 | 955,904 | 473,038 | 868,224 | 513,185 | 152,272 | 2,178 | 0 |
| Tax | 462,070 | 328,268 | 274,588 | 280,389 | 667,684 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,092,716 | 50,796,761 | 557,697 | -554,786 | 2,407,829 | 1,049,161 | 1,149,383 | 402,000 |
| Creditors | -880,880 | 840,879 | 1,983,410 | 864,209 | 50,089 | 80,807 | 88,233 | 141,000 |
| Accruals and Deferred Income | 772,706 | 960,213 | -558,639 | -807,863 | 725,121 | 172,112 | 229,350 | 146,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,901,904 | -48,702,142 | -315,252 | -3,968,170 | -2,374,052 | 707,087 | -1,088,575 | -251,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 200,263,804 | 0 | 0 | 0 | 0 | 0 | 373,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | -13,284 | -36,359 | 49,643 | 0 |
| Group/Directors Accounts | 2,068,849 | 2,055,315 | -4,069,609 | 6,046,669 | 4,781,211 | 606,036 | 894,357 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 3,255,568 | 49,073,387 | 0 | 0 | 0 | -13,284 | 13,284 | 0 |
| Hire Purchase and Lease Commitments | -159,515 | 744,735 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -903,374 | 903,374 | 811,614 | 0 | 0 | 0 | 687,000 |
| share issue | ||||||||
| interest | 103,608 | 79,730 | -212,425 | -2,175 | 9,602 | -17,013 | 862 | 0 |
| cash flow from financing | 5,268,510 | 251,313,595 | -8,875,778 | 6,856,108 | 4,766,696 | 550,213 | 822,095 | 687,000 |
| cash and cash equivalents | ||||||||
| cash | -718,670 | 1,242,608 | 253,859 | 877,143 | 196,234 | 0 | 0 | 44,000 |
| overdraft | 0 | 0 | 0 | 0 | -633,597 | 37,125 | 596,472 | 0 |
| change in cash | -718,670 | 1,242,608 | 253,859 | 877,143 | 829,831 | -37,125 | -596,472 | 44,000 |
smartspace global ltd Credit Report and Business Information
Smartspace Global Ltd Competitor Analysis
Perform a competitor analysis for smartspace global ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in WC1N area or any other competitors across 12 key performance metrics.
smartspace global ltd Ownership
SMARTSPACE GLOBAL LTD group structure
Smartspace Global Ltd has no subsidiary companies.
Ultimate parent company
FOUR WINDS INTERACTIVE INTERNATIONAL LLC
#0128882
2 parents
SMARTSPACE GLOBAL LTD
09336000
smartspace global ltd directors
Smartspace Global Ltd currently has 1 director, Ms Ruth Fornell serving since Feb 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Ruth Fornell | United States | 62 years | Feb 2024 | - | Director |
P&L
December 2022turnover
6.9m
+13%
operating profit
-1.5m
+25%
gross margin
38.5%
-53.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
202.1m
0%
total assets
265.8m
+0.02%
cash
974k
-0.42%
net assets
Total assets minus all liabilities
Similar Companies
smartspace global ltd company details
company number
09336000
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
December 2014
age
10
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
connect ib ltd (April 2019)
eac commerce ltd (February 2015)
last accounts submitted
December 2022
address
27 old gloucester street, london, WC1N 3AX
accountant
-
auditor
GRANT THORNTON
smartspace global 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 3 charges/mortgages relating to smartspace global ltd. Currently there are 0 open charges and 3 have been satisfied in the past.
smartspace global ltd Companies House Filings - See Documents
| date | description | view/download |
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