parity technologies limited Company Information
Company Number
09760015
Next Accounts
Sep 2025
Shareholders
gavin james wood
just beteiligungen gmbh
Group Structure
View All
Industry
Business and domestic software development
Registered Address
1 sans walk, london, EC1R 0LT
Website
www.parity.ioparity technologies limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY TECHNOLOGIES LIMITED at £89.4m based on a Turnover of £58.6m and 1.53x industry multiple (adjusted for size and gross margin).
parity technologies limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-28.3m and a 9.43x industry multiple (adjusted for size and gross margin).
parity technologies limited Estimated Valuation
Pomanda estimates the enterprise value of PARITY TECHNOLOGIES LIMITED at £1.2b based on Net Assets of £515.5m and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Parity Technologies Limited Overview
Parity Technologies Limited is a live company located in london, EC1R 0LT with a Companies House number of 09760015. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2015, it's largest shareholder is gavin james wood with a 79.9% stake. Parity Technologies Limited is a established, large sized company, Pomanda has estimated its turnover at £58.6m with rapid growth in recent years.
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Parity Technologies Limited Health Check
Pomanda's financial health check has awarded Parity Technologies Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
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6 Strong
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0 Regular
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5 Weak
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Size
annual sales of £58.6m, make it larger than the average company (£4.6m)
£58.6m - Parity Technologies Limited
£4.6m - Industry AVG
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Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (10.3%)
41% - Parity Technologies Limited
10.3% - Industry AVG
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Production
with a gross margin of 42.4%, this company has a higher cost of product (72.1%)
42.4% - Parity Technologies Limited
72.1% - Industry AVG
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Profitability
an operating margin of -48.6% make it less profitable than the average company (3.4%)
-48.6% - Parity Technologies Limited
3.4% - Industry AVG
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Employees
with 230 employees, this is above the industry average (42)
230 - Parity Technologies Limited
42 - Industry AVG
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Pay Structure
on an average salary of £116.2k, the company has a higher pay structure (£72.2k)
£116.2k - Parity Technologies Limited
£72.2k - Industry AVG
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Efficiency
resulting in sales per employee of £254.6k, this is more efficient (£122.8k)
£254.6k - Parity Technologies Limited
£122.8k - Industry AVG
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Debtor Days
it gets paid by customers after 0 days, this is earlier than average (57 days)
0 days - Parity Technologies Limited
57 days - Industry AVG
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Creditor Days
its suppliers are paid after 6 days, this is quicker than average (41 days)
6 days - Parity Technologies Limited
41 days - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Parity Technologies Limited
- - Industry AVG
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Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (17 weeks)
12 weeks - Parity Technologies Limited
17 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 25.4%, this is a lower level of debt than the average (62.7%)
25.4% - Parity Technologies Limited
62.7% - Industry AVG
PARITY TECHNOLOGIES LIMITED financials
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Parity Technologies Limited's latest turnover from December 2023 is £58.6 million and the company has net assets of £515.5 million. According to their latest financial statements, Parity Technologies Limited has 230 employees and maintains cash reserves of £10.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|
Turnover | 58,564,000 | 52,331,636 | 26,475,481 | 21,045,098 | 11,470,196 | |||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
Cost Of Sales | 33,738,000 | 34,006,959 | 22,680,354 | 10,189,311 | 7,573,458 | |||
Gross Profit | 24,826,000 | 18,324,677 | 3,795,127 | 10,855,787 | 3,896,738 | |||
Admin Expenses | 53,273,000 | 103,002,826 | 72,953,083 | 1,504,594 | 3,422,909 | |||
Operating Profit | -28,447,000 | -84,678,149 | -69,157,956 | 9,351,193 | 473,829 | |||
Interest Payable | 2,385,000 | 1,240,648 | 123,455 | 0 | 0 | |||
Interest Receivable | 0 | 0 | 0 | 0 | 55 | |||
Pre-Tax Profit | -30,832,000 | -85,918,797 | -69,281,411 | 9,351,193 | 473,884 | |||
Tax | 4,002,000 | 604,567 | 10,556,641 | -1,799,334 | -58,503 | |||
Profit After Tax | -26,830,000 | -85,314,230 | -58,724,770 | 7,551,859 | 415,381 | |||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||
Retained Profit | -26,830,000 | -85,314,230 | -58,724,770 | 7,551,859 | 415,381 | |||
Employee Costs | 26,721,000 | 16,809,133 | 9,152,289 | 6,256,385 | 4,421,644 | |||
Number Of Employees | 230 | 106 | 116 | 85 | 80 | 9 | 17 | |
EBITDA* | -28,252,000 | -84,427,266 | -68,934,403 | 9,485,895 | 484,219 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 639,000 | 354,971 | 281,877 | 370,409 | 303,518 | 932,976 | 10,112 | 3,330 |
Intangible Assets | 666,771,000 | 389,614,319 | 2,403,733,821 | 649,582,992 | 1,174,443 | 1,455,814 | 1,374,118 | 0 |
Investments & Other | 217,000 | 217,146 | 0 | 350 | 350 | 905,878 | 350 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 667,627,000 | 390,186,436 | 2,404,015,698 | 649,953,751 | 1,478,311 | 2,388,790 | 1,384,230 | 3,330 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 2,000 | 7,754 | 34,008 | 864,980 | 133,801 | 7,824 | 163,457 | 1,478 |
Group Debtors | 0 | 0 | 0 | 0 | 274,008 | 0 | 0 | 0 |
Misc Debtors | 12,589,000 | 17,458,270 | 28,679,017 | 8,754,659 | 258,663 | 61,475 | 8,896 | 2,325 |
Cash | 10,595,000 | 30,977,870 | 49,495,169 | 2,435,761 | 7,682,316 | 3,482,012 | 665,082 | 458,878 |
misc current assets | 0 | 0 | 0 | 0 | 9,885 | 0 | 0 | 374 |
total current assets | 23,186,000 | 48,443,894 | 78,208,194 | 12,055,400 | 8,358,673 | 3,551,311 | 837,435 | 463,055 |
total assets | 690,813,000 | 438,630,330 | 2,482,223,892 | 662,009,151 | 9,836,984 | 5,940,101 | 2,221,665 | 466,385 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 589,000 | 3,104,400 | 1,714,384 | 420,673 | 530,398 | 35,151 | 375 | 1,089 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 928,838 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 43,518,000 | 55,463,465 | 47,704,804 | 2,639,571 | 6,390,448 | 4,350,709 | 1,059,074 | 9,213 |
total current liabilities | 44,107,000 | 58,567,865 | 50,348,026 | 3,060,244 | 6,920,846 | 4,385,860 | 1,059,449 | 10,302 |
loans | 0 | 0 | 0 | 928,838 | 1,583,633 | 3,167,266 | 3,167,266 | 715,647 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 131,245,000 | 64,739,084 | 600,242,629 | 122,241,101 | 6,065 | 0 | 0 | 0 |
total long term liabilities | 131,245,000 | 64,739,084 | 600,242,629 | 123,169,939 | 1,589,698 | 1,583,633 | 1,583,633 | 715,647 |
total liabilities | 175,352,000 | 123,306,949 | 650,590,655 | 126,230,183 | 8,510,544 | 5,969,493 | 2,643,082 | 725,949 |
net assets | 515,461,000 | 315,323,381 | 1,831,633,237 | 535,778,968 | 1,326,440 | -29,392 | -421,417 | -259,564 |
total shareholders funds | 515,461,000 | 315,323,381 | 1,831,633,237 | 535,778,968 | 1,326,440 | -29,392 | -421,417 | -259,564 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | -28,447,000 | -84,678,149 | -69,157,956 | 9,351,193 | 473,829 | |||
Depreciation | 195,000 | 250,883 | 223,553 | 134,702 | 10,390 | 3,369 | 1,292 | 64 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 575,053 | 0 | 0 |
Tax | 4,002,000 | 604,567 | 10,556,641 | -1,799,334 | -58,503 | |||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -4,875,024 | -11,247,001 | 19,093,386 | 8,953,167 | 597,173 | -103,054 | 168,550 | 3,803 |
Creditors | -2,515,400 | 1,390,016 | 1,293,711 | -109,725 | 495,247 | 34,776 | -714 | 1,089 |
Accruals and Deferred Income | -11,945,465 | 7,758,661 | 45,065,233 | -3,750,877 | 2,039,739 | 3,291,635 | 1,049,861 | 9,213 |
Deferred Taxes & Provisions | 66,505,916 | -535,503,545 | 478,001,528 | 122,235,036 | 6,065 | 0 | 0 | 0 |
Cash flow from operations | 32,670,075 | -598,930,566 | 446,889,324 | 117,107,828 | 2,369,594 | |||
Investing Activities | ||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | |||
Change in Investments | -146 | 217,146 | -350 | 0 | -905,528 | 905,528 | 350 | 0 |
cash flow from investments | 146 | -217,146 | 350 | 0 | 905,528 | |||
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 | -928,838 | 928,838 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | -928,838 | -654,795 | -1,583,633 | 0 | 2,451,619 | 715,647 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||
interest | -2,385,000 | -1,240,648 | -123,455 | 0 | 55 | |||
cash flow from financing | 224,582,619 | -1,433,165,112 | 1,354,455,584 | 526,245,874 | -643,127 | |||
cash and cash equivalents | ||||||||
cash | -20,382,870 | -18,517,299 | 47,059,408 | -5,246,555 | 4,200,304 | 2,816,930 | 206,204 | 458,878 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -20,382,870 | -18,517,299 | 47,059,408 | -5,246,555 | 4,200,304 | 2,816,930 | 206,204 | 458,878 |
parity technologies limited Credit Report and Business Information
Parity Technologies Limited Competitor Analysis
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Perform a competitor analysis for parity technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC1R area or any other competitors across 12 key performance metrics.
parity technologies limited Ownership
PARITY TECHNOLOGIES LIMITED group structure
Parity Technologies Limited has no subsidiary companies.
Ultimate parent company
PARITY TECHNOLOGIES LIMITED
09760015
parity technologies limited directors
Parity Technologies Limited currently has 2 directors. The longest serving directors include Mr Robert Wood (Oct 2018) and Mr Simon Littlejohns (Nov 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Robert Wood | England | 37 years | Oct 2018 | - | Director |
Mr Simon Littlejohns | United Kingdom | 52 years | Nov 2020 | - | Director |
P&L
December 2023turnover
58.6m
+12%
operating profit
-28.4m
-66%
gross margin
42.4%
+21.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
515.5m
+0.63%
total assets
690.8m
+0.57%
cash
10.6m
-0.66%
net assets
Total assets minus all liabilities
parity technologies limited company details
company number
09760015
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
eth core limited (October 2016)
accountant
-
auditor
HARRIS & TROTHER LLP
address
1 sans walk, london, EC1R 0LT
Bank
HSBC BANK PLC
Legal Advisor
-
parity 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 found 1 charges/mortgages relating to parity technologies limited. Currently there are 1 open charges and 0 have been satisfied in the past.
parity technologies 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.
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parity technologies limited Companies House Filings - See Documents
date | description | view/download |
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