rezolve limited

Live (In Liquidation)EstablishedMidRapid

rezolve limited Company Information

Share REZOLVE LIMITED

Company Number

09773823

Directors

John Wagner

Daniel Wagner

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Shareholders

dblp sea cow limited

igor lychagov

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Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

45 gresham street, london, EC2V 7BG

rezolve limited Estimated Valuation

£11m

Pomanda estimates the enterprise value of REZOLVE LIMITED at £11m based on a Turnover of £12m and 0.91x industry multiple (adjusted for size and gross margin).

rezolve limited Estimated Valuation

£0

Pomanda estimates the enterprise value of REZOLVE LIMITED at £0 based on an EBITDA of £-30.8m and a 5.86x industry multiple (adjusted for size and gross margin).

rezolve limited Estimated Valuation

£0

Pomanda estimates the enterprise value of REZOLVE LIMITED at £0 based on Net Assets of £-29.2m and 2.17x industry multiple (adjusted for liquidity).

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Rezolve Limited Overview

Rezolve Limited is a live company located in london, EC2V 7BG with a Companies House number of 09773823. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 2015, it's largest shareholder is dblp sea cow limited with a 28.3% stake. Rezolve Limited is a established, mid sized company, Pomanda has estimated its turnover at £12m with rapid growth in recent years.

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Rezolve Limited Health Check

Pomanda's financial health check has awarded Rezolve Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £12m, make it larger than the average company (£7.4m)

£12m - Rezolve Limited

£7.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 119%, show it is growing at a faster rate (8%)

119% - Rezolve Limited

8% - Industry AVG

production

Production

with a gross margin of 51.3%, this company has a comparable cost of product (51.3%)

51.3% - Rezolve Limited

51.3% - Industry AVG

profitability

Profitability

an operating margin of -257.4% make it less profitable than the average company (3.5%)

-257.4% - Rezolve Limited

3.5% - Industry AVG

employees

Employees

with 31 employees, this is below the industry average (44)

31 - Rezolve Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £74.4k, the company has an equivalent pay structure (£74.4k)

£74.4k - Rezolve Limited

£74.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £388.1k, this is more efficient (£178.8k)

£388.1k - Rezolve Limited

£178.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Rezolve Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 271 days, this is slower than average (33 days)

271 days - Rezolve Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 105 days, this is more than average (16 days)

105 days - Rezolve Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)

0 weeks - Rezolve Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 433.9%, this is a higher level of debt than the average (64.2%)

433.9% - Rezolve Limited

64.2% - Industry AVG

REZOLVE LIMITED financials

EXPORTms excel logo

Rezolve Limited's latest turnover from December 2023 is estimated at £12 million and the company has net assets of -£29.2 million. According to their latest financial statements, Rezolve Limited has 31 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover12,029,6299,689,0823,532,9401,145,4331,718,925224,5091,007,210
Other Income Or Grants
Cost Of Sales5,853,5054,605,7921,673,790548,708824,83214,92665,399
Gross Profit6,176,1245,083,2911,859,150596,725894,093209,583941,811
Admin Expenses37,139,73480,357,05446,270,3297,166,8114,836,4275,143,3424,391,9401,906,799
Operating Profit-30,963,610-75,273,763-44,411,179-6,570,086-3,942,334-4,933,759-3,450,129-1,906,799
Interest Payable111,138312,23052,5395,792
Interest Receivable41413,0835,0661,713938
Pre-Tax Profit-30,963,195-75,260,679-44,406,113-6,568,372-4,052,534-5,245,989-3,502,668-1,912,592
Tax446,439218,221
Profit After Tax-30,963,195-75,260,679-44,406,113-6,568,372-4,052,534-4,799,550-3,284,447-1,912,592
Dividends Paid
Retained Profit-30,963,195-75,260,679-44,406,113-6,568,372-4,052,534-4,799,550-3,284,447-1,912,592
Employee Costs2,304,9542,396,0661,414,154948,4481,108,299360,765229,711222,056
Number Of Employees3134211518644
EBITDA*-30,787,078-75,096,022-44,242,201-6,470,288-3,934,592-4,932,546-3,449,786-1,906,664

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets37,59133,16913,24810,4852,7061,550674
Intangible Assets364,232524,239620,113303,938
Investments & Other14,344,05314,317,421369,013102,601108,434108,4348
Debtors (Due After 1 year)1,551,325
Total Fixed Assets16,297,20114,874,8301,002,374417,025111,141109,985682
Stock & work in progress1,688,368
Trade Debtors1,58613,617
Group Debtors5,077,8164,208,0973,077,0631,688,5181,063,294
Misc Debtors369,575810,8231,267,3321,178,5231,189,914579,412379,261266,338
Cash3,08612,703734,9203,317,670109,313140,91281,707723,096
misc current assets1,604,862
total current assets8,743,7075,031,6245,079,3156,186,2982,376,139720,325460,968989,434
total assets8,743,70721,328,82619,954,1457,188,6722,793,164831,466570,953990,116
Bank overdraft
Bank loan
Trade Creditors 4,359,8443,502,753800,276437,845913,596475,537286,72646,202
Group/Directors Accounts502,4651,133,177563,659510,829906,484664,265401,381452,504
other short term finances3,292,984
hp & lease commitments
other current liabilities33,074,90424,976,64212,252,000665,779557,1722,829,9402,159,605346,002
total current liabilities37,937,21329,612,57313,615,9351,614,4532,377,2527,262,7272,847,712844,708
loans1,053,293979,810
hp & lease commitments
Accruals and Deferred Income
other liabilities3,626,6228,638,272102,594108,426108,426
provisions
total long term liabilities3,626,6228,638,272102,594108,4261,161,720979,810
total liabilities37,937,21329,612,57317,242,55810,252,7252,479,8467,371,1534,009,4321,824,518
net assets-29,193,506-8,283,7472,711,587-3,064,053313,317-6,539,687-3,438,480-834,402
total shareholders funds-29,193,506-8,283,7472,711,587-3,064,053313,317-6,539,687-3,438,480-834,402
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit-30,963,610-75,273,763-44,411,179-6,570,086-3,942,334-4,933,759-3,450,129-1,906,799
Depreciation20,80717,7358,9735,3447,7411,212342135
Amortisation155,725160,006160,00594,454
Tax446,439218,221
Stock1,688,368
Debtors-1,122,8552,225,8511,475,767601,8031,687,413200,151112,923266,338
Creditors857,0912,702,478362,431-475,751438,059188,810240,52446,202
Accruals and Deferred Income8,098,26212,724,64211,586,221108,607-2,272,768670,3351,813,603346,002
Deferred Taxes & Provisions
Cash flow from operations-22,397,238-61,894,753-33,769,316-7,439,235-7,456,715-3,827,114-1,290,362-1,780,798
Investing Activities
capital expenditure225,292-22,157-93,025-418,735-319,459-2,368-1,218-809
Change in Investments-14,344,05326,63213,948,408266,411-5,833108,4268
cash flow from investments14,569,345-48,789-14,041,433-685,146-313,626-2,368-109,644-817
Financing Activities
Bank loans
Group/Directors Accounts-630,712569,51852,830-395,655242,219262,884-51,123452,504
Other Short Term Loans -3,292,9843,292,984
Long term loans-1,053,29373,483979,810
Hire Purchase and Lease Commitments
other long term liabilities-3,626,622-5,011,6508,535,678-5,832108,426
share issue10,053,43664,265,34550,181,7533,191,00110,905,5391,698,343680,3701,078,190
interest41413,0835,0661,713-110,200-312,230-52,539-5,792
cash flow from financing9,423,13861,221,32445,227,99911,332,7377,738,7423,888,688758,6172,504,712
cash and cash equivalents
cash-9,617-722,216-2,582,7503,208,356-31,59959,205-641,389723,096
overdraft
change in cash-9,617-722,216-2,582,7503,208,356-31,59959,205-641,389723,096

rezolve 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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Rezolve Limited Competitor Analysis

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Perform a competitor analysis for rezolve limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC2V area or any other competitors across 12 key performance metrics.

rezolve limited Ownership

REZOLVE LIMITED group structure

Rezolve Limited has no subsidiary companies.

Ultimate parent company

DBLP SEA COW LTD

#0096399

1 parent

REZOLVE LIMITED

09773823

REZOLVE LIMITED Shareholders

dblp sea cow limited 28.3%
igor lychagov 20.61%
brooks newmark 9.05%
daniel maurice wagner 8.69%
apeiron investment group limited 6.77%
bradley james wickens 4.68%
zsq invest limited 1.49%
gifty koryoe agor 1.27%
anthony sharp 1.11%
ccm hong kong ltd 1.04%

rezolve limited directors

Rezolve Limited currently has 6 directors. The longest serving directors include Mr John Wagner (Feb 2016) and Mr Daniel Wagner (Jun 2016).

officercountryagestartendrole
Mr John WagnerUnited Kingdom92 years Feb 2016- Director
Mr Daniel WagnerUnited Kingdom61 years Jun 2016- Director
Mr Anthony Sharp62 years Aug 2016- Director
Sir David Wright Gcmg LvoEngland80 years Aug 2019- Director
Dr Derek Smith79 years Jan 2022- Director
Dr Stephen Perry64 years Jan 2022- Director

P&L

December 2023

turnover

12m

+24%

operating profit

-31m

0%

gross margin

51.4%

-2.14%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-29.2m

+2.52%

total assets

8.7m

-0.59%

cash

3.1k

-0.76%

net assets

Total assets minus all liabilities

rezolve limited company details

company number

09773823

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

September 2015

age

10

incorporated

UK

ultimate parent company

DBLP SEA COW LTD

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

powa commerce limited (March 2016)

soul seeker limited (February 2016)

accountant

DATTANI CHARTERED ACCOUNTANTS

auditor

-

address

45 gresham street, london, EC2V 7BG

Bank

-

Legal Advisor

-

rezolve 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 3 charges/mortgages relating to rezolve limited. Currently there are 0 open charges and 3 have been satisfied in the past.

rezolve 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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rezolve limited Companies House Filings - See Documents

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