varenya technologies limited
varenya technologies limited Company Information
Company Number
09449524
Website
-Registered Address
159 moredon road, swindon, SN2 2JG
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Directors
Omkar Munagala9 Years
Shareholders
omkar munagala 50%
shashikala tanneeru 50%
varenya technologies limited Estimated Valuation
Pomanda estimates the enterprise value of VARENYA TECHNOLOGIES LIMITED at £31.2k based on a Turnover of £59.5k and 0.52x industry multiple (adjusted for size and gross margin).
varenya technologies limited Estimated Valuation
Pomanda estimates the enterprise value of VARENYA TECHNOLOGIES LIMITED at £6k based on an EBITDA of £1.6k and a 3.77x industry multiple (adjusted for size and gross margin).
varenya technologies limited Estimated Valuation
Pomanda estimates the enterprise value of VARENYA TECHNOLOGIES LIMITED at £24.7k based on Net Assets of £11k and 2.25x industry multiple (adjusted for liquidity).
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Varenya Technologies Limited Overview
Varenya Technologies Limited is a live company located in swindon, SN2 2JG with a Companies House number of 09449524. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2015, it's largest shareholder is omkar munagala with a 50% stake. Varenya Technologies Limited is a young, micro sized company, Pomanda has estimated its turnover at £59.5k with declining growth in recent years.
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Varenya Technologies Limited Health Check
Pomanda's financial health check has awarded Varenya Technologies Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £59.5k, make it smaller than the average company (£842.9k)
- Varenya Technologies Limited
£842.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.2%)
- Varenya Technologies Limited
6.2% - Industry AVG
Production
with a gross margin of 26.2%, this company has a higher cost of product (48.8%)
- Varenya Technologies Limited
48.8% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (7.4%)
- Varenya Technologies Limited
7.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
- Varenya Technologies Limited
8 - Industry AVG
Pay Structure
on an average salary of £53.5k, the company has an equivalent pay structure (£53.5k)
- Varenya Technologies Limited
£53.5k - Industry AVG
Efficiency
resulting in sales per employee of £59.5k, this is less efficient (£123.7k)
- Varenya Technologies Limited
£123.7k - Industry AVG
Debtor Days
it gets paid by customers after 173 days, this is later than average (65 days)
- Varenya Technologies Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (30 days)
- Varenya Technologies Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Varenya Technologies Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Varenya Technologies Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.2%, this is a similar level of debt than the average (56.9%)
61.2% - Varenya Technologies Limited
56.9% - Industry AVG
VARENYA TECHNOLOGIES LIMITED financials
Varenya Technologies Limited's latest turnover from August 2023 is estimated at £59.5 thousand and the company has net assets of £11 thousand. According to their latest financial statements, we estimate that Varenya Technologies Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 1 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 389 | 691 | 134 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 389 | 691 | 134 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 28,245 | 13,701 | 0 | 22,688 | 22,688 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 9,016 | 6,000 | 10,307 |
| Cash | 0 | 0 | 0 | 0 | 0 | 7,273 | 15,613 | 5,487 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,245 | 13,701 | 0 | 22,688 | 22,688 | 16,289 | 21,613 | 15,794 |
| total assets | 28,245 | 13,701 | 0 | 22,688 | 22,688 | 16,678 | 22,304 | 15,928 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,723 | 3,933 | 6,742 | 22,686 | 22,686 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 16,671 | 14,684 | 15,922 |
| total current liabilities | 1,723 | 3,933 | 6,742 | 22,686 | 22,686 | 16,671 | 14,684 | 15,922 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 15,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 17,274 | 3,933 | 6,742 | 22,686 | 22,686 | 16,671 | 14,684 | 15,922 |
| net assets | 10,971 | 9,768 | -6,742 | 2 | 2 | 7 | 7,620 | 6 |
| total shareholders funds | 10,971 | 9,768 | -6,742 | 2 | 2 | 7 | 7,620 | 6 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1,081 | 826 | 135 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 14,544 | 13,701 | -22,688 | 0 | 13,672 | 3,016 | -4,307 | 10,307 |
| Creditors | -2,210 | -2,809 | -15,944 | 0 | 22,686 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -16,671 | 1,987 | -1,238 | 15,922 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 15,551 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | -7,273 | -8,340 | 10,126 | 5,487 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -7,273 | -8,340 | 10,126 | 5,487 |
varenya technologies limited Credit Report and Business Information
Varenya Technologies Limited Competitor Analysis
Perform a competitor analysis for varenya technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SN2 area or any other competitors across 12 key performance metrics.
varenya technologies limited Ownership
VARENYA TECHNOLOGIES LIMITED group structure
Varenya Technologies Limited has no subsidiary companies.
Ultimate parent company
VARENYA TECHNOLOGIES LIMITED
09449524
varenya technologies limited directors
Varenya Technologies Limited currently has 1 director, Mr Omkar Munagala serving since Feb 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Omkar Munagala | England | 43 years | Feb 2015 | - | Director |
P&L
August 2023turnover
59.5k
+38%
operating profit
1.6k
0%
gross margin
26.2%
-4.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
11k
+0.12%
total assets
28.2k
+1.06%
cash
0
0%
net assets
Total assets minus all liabilities
varenya technologies limited company details
company number
09449524
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
February 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
varenya technologies ltd (February 2015)
accountant
-
auditor
-
address
159 moredon road, swindon, SN2 2JG
Bank
-
Legal Advisor
-
varenya technologies 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 varenya technologies limited.
varenya technologies limited Companies House Filings - See Documents
| date | description | view/download |
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