pico global ltd.
pico global ltd. Company Information
Company Number
09365923
Website
http://www.pico.netRegistered Address
paternoster house, 65 st. paul's churchyard, london, EC4M 8AB
Industry
Computer facilities management activities
Data processing, hosting and related activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pico quantitative trading holdings llc 100%
pico global ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICO GLOBAL LTD. at £125.2m based on a Turnover of £71.6m and 1.75x industry multiple (adjusted for size and gross margin).
pico global ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICO GLOBAL LTD. at £0 based on an EBITDA of £-12.7m and a 11.04x industry multiple (adjusted for size and gross margin).
pico global ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICO GLOBAL LTD. at £0 based on Net Assets of £-3.4m and 0.51x industry multiple (adjusted for liquidity).
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Pico Global Ltd. Overview
Pico Global Ltd. is a live company located in london, EC4M 8AB with a Companies House number of 09365923. It operates in the computer facilities management activities sector, SIC Code 62030. Founded in December 2014, it's largest shareholder is pico quantitative trading holdings llc with a 100% stake. Pico Global Ltd. is a established, large sized company, Pomanda has estimated its turnover at £71.6m with high growth in recent years.
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Pico Global Ltd. Health Check
Pomanda's financial health check has awarded Pico Global Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £71.6m, make it larger than the average company (£4.3m)
£71.6m - Pico Global Ltd.
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (4.9%)
26% - Pico Global Ltd.
4.9% - Industry AVG
Production
with a gross margin of 44.3%, this company has a comparable cost of product (52.1%)
44.3% - Pico Global Ltd.
52.1% - Industry AVG
Profitability
an operating margin of -33.8% make it less profitable than the average company (5.7%)
-33.8% - Pico Global Ltd.
5.7% - Industry AVG
Employees
with 234 employees, this is above the industry average (28)
234 - Pico Global Ltd.
28 - Industry AVG
Pay Structure
on an average salary of £118.6k, the company has a higher pay structure (£61k)
£118.6k - Pico Global Ltd.
£61k - Industry AVG
Efficiency
resulting in sales per employee of £305.9k, this is more efficient (£151.7k)
£305.9k - Pico Global Ltd.
£151.7k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (59 days)
60 days - Pico Global Ltd.
59 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (35 days)
76 days - Pico Global Ltd.
35 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is in line with average (12 days)
10 days - Pico Global Ltd.
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (16 weeks)
7 weeks - Pico Global Ltd.
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.9%, this is a higher level of debt than the average (60.8%)
103.9% - Pico Global Ltd.
60.8% - Industry AVG
PICO GLOBAL LTD. financials
Pico Global Ltd.'s latest turnover from December 2022 is £71.6 million and the company has net assets of -£3.4 million. According to their latest financial statements, Pico Global Ltd. has 234 employees and maintains cash reserves of £11.6 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 71,582,190 | 64,781,843 | 64,970,992 | 35,980,389 | 14,440,650 | 13,683,095 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 39,839,256 | 38,566,960 | 34,702,157 | 24,488,258 | 15,190,966 | 9,980,049 | ||
| Gross Profit | 31,742,934 | 26,214,883 | 30,268,835 | 11,492,131 | -750,316 | 3,703,046 | ||
| Admin Expenses | 55,972,589 | 42,234,446 | 48,175,959 | 31,641,399 | 8,732,415 | 5,038,487 | ||
| Operating Profit | -24,229,655 | -16,019,563 | -17,907,124 | -20,149,268 | -9,482,731 | -1,335,441 | ||
| Interest Payable | 331,707 | 267,546 | 271,567 | 178,820 | 0 | 0 | ||
| Interest Receivable | 1,487 | 888 | 1,937 | 23,346 | 1,500 | 1,192 | ||
| Pre-Tax Profit | -24,559,875 | -16,286,221 | -18,176,754 | -20,304,742 | -9,481,231 | -1,334,249 | ||
| Tax | -257,401 | 466,948 | 17,533 | -131,910 | 0 | 0 | ||
| Profit After Tax | -24,817,276 | -15,819,273 | -18,159,221 | -20,436,652 | -9,481,231 | -1,334,249 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -24,817,276 | -15,819,273 | -18,159,221 | -20,436,652 | -9,481,231 | -1,334,249 | ||
| Employee Costs | 27,746,651 | 25,069,669 | 27,872,705 | 19,170,812 | 5,726,777 | 2,860,624 | ||
| Number Of Employees | 234 | 232 | 235 | 166 | 43 | 28 | 13 | |
| EBITDA* | -12,727,434 | -4,760,155 | -6,846,841 | -11,883,806 | -5,918,990 | 1,679,254 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,383,152 | 5,189,500 | 4,634,616 | 6,341,457 | 5,612,682 | 6,952,713 | 164,738 | 41,212 |
| Intangible Assets | 49,571,967 | 57,198,425 | 64,824,881 | 72,451,337 | 510,880 | 315,768 | 149,642 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 |
| Total Fixed Assets | 55,955,119 | 62,387,925 | 69,459,497 | 78,792,794 | 6,123,562 | 7,268,481 | 314,380 | 51,212 |
| Stock & work in progress | 1,091,702 | 1,496,211 | 1,149,156 | 794,382 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,864,691 | 11,948,745 | 10,036,095 | 12,620,897 | 1,095,897 | 4,372,689 | 93,606 | 2,500 |
| Group Debtors | 834,857 | 661,038 | 2,397,279 | 1,450,042 | 26,093 | 0 | 0 | 0 |
| Misc Debtors | 5,643,986 | 4,289,119 | 3,749,264 | 3,192,624 | 1,335,451 | 2,015,594 | 1,737,446 | 35,075 |
| Cash | 11,624,071 | 8,506,405 | 12,483,017 | 4,001,278 | 1,140,519 | 3,441,959 | 50,776 | 16,731 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 31,059,307 | 26,901,518 | 29,814,811 | 22,059,223 | 3,597,960 | 9,830,242 | 1,881,828 | 54,306 |
| total assets | 87,014,426 | 89,289,443 | 99,274,308 | 100,852,017 | 9,721,522 | 17,098,723 | 2,196,208 | 105,518 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,347,188 | 7,080,207 | 4,811,145 | 7,145,938 | 2,878,971 | 968,519 | 346,730 | 12,343 |
| Group/Directors Accounts | 50,486,024 | 32,483,527 | 31,993,572 | 14,388,029 | 3,297,306 | 43,292 | 232,264 | 272,943 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,709,884 | 20,214,832 | 16,282,067 | 16,230,564 | 4,886,165 | 7,934,278 | 1,071,802 | 112,741 |
| total current liabilities | 80,543,096 | 59,778,566 | 53,086,784 | 37,764,531 | 11,062,442 | 8,946,089 | 1,650,796 | 398,027 |
| loans | 8,266,379 | 7,400,820 | 7,326,544 | 7,583,916 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,420,238 | 1,670,101 | 1,676,997 | 989,734 | 0 | 0 | 0 | 0 |
| other liabilities | 163,778 | 364,934 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,850,395 | 9,435,855 | 9,003,541 | 8,573,650 | 0 | 0 | 0 | 0 |
| total liabilities | 90,393,491 | 69,214,421 | 62,090,325 | 46,338,181 | 11,062,442 | 8,946,089 | 1,650,796 | 398,027 |
| net assets | -3,379,065 | 20,075,022 | 37,183,983 | 54,513,836 | -1,340,920 | 8,152,634 | 545,412 | -292,509 |
| total shareholders funds | -3,379,065 | 20,075,022 | 37,183,983 | 54,513,836 | -1,340,920 | 8,152,634 | 545,412 | -292,509 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -24,229,655 | -16,019,563 | -17,907,124 | -20,149,268 | -9,482,731 | -1,335,441 | ||
| Depreciation | 3,875,764 | 3,632,862 | 3,433,827 | 4,452,234 | 3,402,095 | 2,929,331 | 55,721 | 1,517 |
| Amortisation | 7,626,457 | 7,626,546 | 7,626,456 | 3,813,228 | 161,646 | 85,364 | 31,117 | 0 |
| Tax | -257,401 | 466,948 | 17,533 | -131,910 | 0 | 0 | ||
| Stock | -404,509 | 347,055 | 354,774 | 794,382 | 0 | 0 | 0 | 0 |
| Debtors | 1,444,632 | 716,264 | -1,080,925 | 14,806,122 | -3,930,842 | 4,557,231 | 1,783,477 | 47,575 |
| Creditors | 1,266,981 | 2,269,062 | -2,334,793 | 4,266,967 | 1,910,452 | 621,789 | 334,387 | 12,343 |
| Accruals and Deferred Income | 1,245,189 | 3,925,869 | 738,766 | 12,334,133 | -3,048,113 | 6,862,476 | 959,061 | 112,741 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -11,512,788 | 838,405 | -7,699,184 | -11,015,120 | -3,125,809 | 4,606,288 | ||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -2,405,168 | -9,967,124 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -2,405,168 | -9,967,124 | ||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 18,002,497 | 489,955 | 17,605,543 | 11,090,723 | 3,254,014 | -188,972 | -40,679 | 272,943 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 865,559 | 74,276 | -257,372 | 7,583,916 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -201,156 | 364,934 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -330,220 | -266,658 | -269,630 | -155,474 | 1,500 | 1,192 | ||
| cash flow from financing | 19,699,869 | -627,181 | 17,907,909 | 94,810,573 | 3,243,191 | 8,753,691 | ||
| cash and cash equivalents | ||||||||
| cash | 3,117,666 | -3,976,612 | 8,481,739 | 2,860,759 | -2,301,440 | 3,391,183 | 34,045 | 16,731 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,117,666 | -3,976,612 | 8,481,739 | 2,860,759 | -2,301,440 | 3,391,183 | 34,045 | 16,731 |
pico global ltd. Credit Report and Business Information
Pico Global Ltd. Competitor Analysis
Perform a competitor analysis for pico global ltd. by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC4M area or any other competitors across 12 key performance metrics.
pico global ltd. Ownership
PICO GLOBAL LTD. group structure
Pico Global Ltd. has no subsidiary companies.
Ultimate parent company
PICO QUANTITATIVE TRADING HOLDINGS LLC
#0099373
1 parent
PICO GLOBAL LTD.
09365923
pico global ltd. directors
Pico Global Ltd. currently has 4 directors. The longest serving directors include Mr Jarrod Yuster (Dec 2014) and Mr Marcel Vlaar (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jarrod Yuster | England | 53 years | Dec 2014 | - | Director |
| Mr Marcel Vlaar | England | 48 years | Jul 2022 | - | Director |
| Mr Marcel Vlaar | England | 48 years | Jul 2022 | - | Director |
| Mr Eric Harkness | United States | 51 years | Nov 2022 | - | Director |
P&L
December 2022turnover
71.6m
+10%
operating profit
-24.2m
+51%
gross margin
44.4%
+9.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.4m
-1.17%
total assets
87m
-0.03%
cash
11.6m
+0.37%
net assets
Total assets minus all liabilities
Similar Companies
pico global ltd. company details
company number
09365923
Type
Private limited with Share Capital
industry
62030 - Computer facilities management activities
63110 - Data processing, hosting and related activities
62090 - Other information technology and computer service activities
incorporation date
December 2014
age
10
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
paternoster house, 65 st. paul's churchyard, london, EC4M 8AB
accountant
-
auditor
GRANT THORNTON
pico 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 8 charges/mortgages relating to pico global ltd.. Currently there are 7 open charges and 1 have been satisfied in the past.
pico global ltd. Companies House Filings - See Documents
| date | description | view/download |
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