parity technologies limited

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parity technologies limited Company Information

Share PARITY TECHNOLOGIES LIMITED

Company Number

09760015

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

parity technologies limited Estimated Valuation

£89.4m

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

£0

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

£1.2b

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).

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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

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

5 Weak

size

Size

annual sales of £58.6m, make it larger than the average company (£4.6m)

£58.6m - Parity Technologies Limited

£4.6m - Industry AVG

growth

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

production

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

profitability

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

employees

Employees

with 230 employees, this is above the industry average (42)

230 - Parity Technologies Limited

42 - Industry AVG

paystructure

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

efficiency

Efficiency

resulting in sales per employee of £254.6k, this is more efficient (£122.8k)

£254.6k - Parity Technologies Limited

£122.8k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Parity Technologies Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2018Sep 2017Sep 2016
Turnover58,564,00052,331,63626,475,48121,045,09811,470,196413,8581,156,2487,920
Other Income Or Grants00000000
Cost Of Sales33,738,00034,006,95922,680,35410,189,3117,573,458103,486294,3291,967
Gross Profit24,826,00018,324,6773,795,12710,855,7873,896,738310,372861,9195,954
Admin Expenses53,273,000103,002,82672,953,0831,504,5943,422,909-371,848903,845243,819
Operating Profit-28,447,000-84,678,149-69,157,9569,351,193473,829682,220-41,926-237,865
Interest Payable2,385,0001,240,648123,45500213,790121,34122,364
Interest Receivable00005515,5521,405574
Pre-Tax Profit-30,832,000-85,918,797-69,281,4119,351,193473,884483,981-161,862-259,655
Tax4,002,000604,56710,556,641-1,799,334-58,503-91,95600
Profit After Tax-26,830,000-85,314,230-58,724,7707,551,859415,381392,025-161,862-259,655
Dividends Paid00000000
Retained Profit-26,830,000-85,314,230-58,724,7707,551,859415,381392,025-161,862-259,655
Employee Costs26,721,00016,809,1339,152,2896,256,3854,421,644531,524969,45053,986
Number Of Employees23010611685809171
EBITDA*-28,252,000-84,427,266-68,934,4039,485,895484,2191,260,642-40,634-237,801

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2018Sep 2017Sep 2016
Tangible Assets639,000354,971281,877370,409303,518932,97610,1123,330
Intangible Assets666,771,000389,614,3192,403,733,821649,582,9921,174,4431,455,8141,374,1180
Investments & Other217,000217,1460350350905,8783500
Debtors (Due After 1 year)00000000
Total Fixed Assets667,627,000390,186,4362,404,015,698649,953,7511,478,3112,388,7901,384,2303,330
Stock & work in progress00000000
Trade Debtors2,0007,75434,008864,980133,8017,824163,4571,478
Group Debtors0000274,008000
Misc Debtors12,589,00017,458,27028,679,0178,754,659258,66361,4758,8962,325
Cash10,595,00030,977,87049,495,1692,435,7617,682,3163,482,012665,082458,878
misc current assets00009,88500374
total current assets23,186,00048,443,89478,208,19412,055,4008,358,6733,551,311837,435463,055
total assets690,813,000438,630,3302,482,223,892662,009,1519,836,9845,940,1012,221,665466,385
Bank overdraft00000000
Bank loan00000000
Trade Creditors 589,0003,104,4001,714,384420,673530,39835,1513751,089
Group/Directors Accounts00000000
other short term finances00928,83800000
hp & lease commitments00000000
other current liabilities43,518,00055,463,46547,704,8042,639,5716,390,4484,350,7091,059,0749,213
total current liabilities44,107,00058,567,86550,348,0263,060,2446,920,8464,385,8601,059,44910,302
loans000928,8381,583,6333,167,2663,167,266715,647
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions131,245,00064,739,084600,242,629122,241,1016,065000
total long term liabilities131,245,00064,739,084600,242,629123,169,9391,589,6981,583,6331,583,633715,647
total liabilities175,352,000123,306,949650,590,655126,230,1838,510,5445,969,4932,643,082725,949
net assets515,461,000315,323,3811,831,633,237535,778,9681,326,440-29,392-421,417-259,564
total shareholders funds515,461,000315,323,3811,831,633,237535,778,9681,326,440-29,392-421,417-259,564
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2018Sep 2017Sep 2016
Operating Activities
Operating Profit-28,447,000-84,678,149-69,157,9569,351,193473,829682,220-41,926-237,865
Depreciation195,000250,883223,553134,70210,3903,3691,29264
Amortisation00000575,05300
Tax4,002,000604,56710,556,641-1,799,334-58,503-91,95600
Stock00000000
Debtors-4,875,024-11,247,00119,093,3868,953,167597,173-103,054168,5503,803
Creditors-2,515,4001,390,0161,293,711-109,725495,24734,776-7141,089
Accruals and Deferred Income-11,945,4657,758,66145,065,233-3,750,8772,039,7393,291,6351,049,8619,213
Deferred Taxes & Provisions66,505,916-535,503,545478,001,528122,235,0366,065000
Cash flow from operations32,670,075-598,930,566446,889,324117,107,8282,369,5944,598,151839,963-231,302
Investing Activities
capital expenditure00000-1,582,982-1,382,192-3,394
Change in Investments-146217,146-3500-905,528905,5283500
cash flow from investments146-217,1463500905,528-2,488,510-1,382,542-3,394
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 0-928,838928,83800000
Long term loans00-928,838-654,795-1,583,63302,451,619715,647
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue226,967,619-1,430,995,6261,354,579,039526,900,669940,4510991
interest-2,385,000-1,240,648-123,455055-198,238-119,936-21,790
cash flow from financing224,582,619-1,433,165,1121,354,455,584526,245,874-643,127-198,2382,331,692693,948
cash and cash equivalents
cash-20,382,870-18,517,29947,059,408-5,246,5554,200,3042,816,930206,204458,878
overdraft00000000
change in cash-20,382,870-18,517,29947,059,408-5,246,5554,200,3042,816,930206,204458,878

parity technologies limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Parity Technologies Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

gavin james wood 79.94%
just beteiligungen gmbh 20.06%

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).

officercountryagestartendrole
Mr Robert WoodEngland37 years Oct 2018- Director
Mr Simon LittlejohnsUnited Kingdom52 years Nov 2020- Director

P&L

December 2023

turnover

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 2023

net 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

None

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

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