whalar ltd
whalar ltd Company Information
Company Number
09803195
Website
www.whalar.comRegistered Address
9th floor 107 cheapside, london, EC2V 6DN
Industry
Other information technology and computer service activities
Computer consultancy activities
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
james john william street 35.2%
neil timothy waller 35.2%
View Allwhalar ltd Estimated Valuation
Pomanda estimates the enterprise value of WHALAR LTD at £98.1m based on a Turnover of £77.3m and 1.27x industry multiple (adjusted for size and gross margin).
whalar ltd Estimated Valuation
Pomanda estimates the enterprise value of WHALAR LTD at £0 based on an EBITDA of £-6.7m and a 8.83x industry multiple (adjusted for size and gross margin).
whalar ltd Estimated Valuation
Pomanda estimates the enterprise value of WHALAR LTD at £15.6m based on Net Assets of £6.9m and 2.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Whalar Ltd Overview
Whalar Ltd is a live company located in london, EC2V 6DN with a Companies House number of 09803195. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2015, it's largest shareholder is james john william street with a 35.2% stake. Whalar Ltd is a young, large sized company, Pomanda has estimated its turnover at £77.3m with rapid growth in recent years.
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Whalar Ltd Health Check
Pomanda's financial health check has awarded Whalar Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £77.3m, make it larger than the average company (£4.7m)
£77.3m - Whalar Ltd
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 80%, show it is growing at a faster rate (8.4%)
80% - Whalar Ltd
8.4% - Industry AVG
Production
with a gross margin of 32.9%, this company has a higher cost of product (56.2%)
32.9% - Whalar Ltd
56.2% - Industry AVG
Profitability
an operating margin of -8.9% make it less profitable than the average company (4.5%)
-8.9% - Whalar Ltd
4.5% - Industry AVG
Employees
with 278 employees, this is above the industry average (34)
278 - Whalar Ltd
34 - Industry AVG
Pay Structure
on an average salary of £101.5k, the company has a higher pay structure (£67.8k)
£101.5k - Whalar Ltd
£67.8k - Industry AVG
Efficiency
resulting in sales per employee of £278.2k, this is more efficient (£142.9k)
£278.2k - Whalar Ltd
£142.9k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (58 days)
52 days - Whalar Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (34 days)
92 days - Whalar Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Whalar Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (16 weeks)
8 weeks - Whalar Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.5%, this is a higher level of debt than the average (61.2%)
82.5% - Whalar Ltd
61.2% - Industry AVG
WHALAR LTD financials
Whalar Ltd's latest turnover from December 2023 is £77.3 million and the company has net assets of £6.9 million. According to their latest financial statements, Whalar Ltd has 278 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 77,330,210 | 84,789,871 | 54,684,916 | 13,242,740 | 22,965,359 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 51,860,052 | 49,704,284 | 32,628,239 | 8,146,131 | 14,463,235 | |||
| Gross Profit | 25,470,157 | 35,085,588 | 22,056,676 | 5,096,609 | 8,502,124 | |||
| Admin Expenses | 32,394,560 | 26,386,551 | 14,729,582 | 4,647,106 | 14,554,197 | |||
| Operating Profit | -6,924,403 | 8,699,037 | 7,327,094 | 449,503 | -6,052,073 | |||
| Interest Payable | 55 | 14 | 756 | 17,938 | 5,116 | |||
| Interest Receivable | 0 | 0 | 14 | 0 | 0 | |||
| Pre-Tax Profit | -7,183,458 | 8,699,024 | 7,445,604 | 431,565 | -6,057,189 | |||
| Tax | 117,162 | -1,389,073 | -707,006 | 876,995 | 974,978 | |||
| Profit After Tax | -7,066,296 | 7,309,951 | 6,738,598 | 1,308,560 | -5,082,211 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -7,066,296 | 7,309,951 | 6,738,598 | 1,308,560 | -5,082,211 | |||
| Employee Costs | 28,209,061 | 24,472,814 | 11,454,474 | 2,960,727 | 8,765,744 | |||
| Number Of Employees | 278 | 230 | 133 | 35 | 38 | 26 | 14 | 2 |
| EBITDA* | -6,665,540 | 8,867,112 | 7,388,573 | 467,162 | -6,013,912 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 199,078 | 248,535 | 168,553 | 57,520 | 60,859 | 27,923 | 13,402 | 0 |
| Intangible Assets | 14,146,753 | 8,346,943 | 2,345,662 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,193,465 | 1,419,351 | 0 | 0 | 0 | 2,792 | 75 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,539,296 | 10,014,829 | 2,514,216 | 57,520 | 60,859 | 30,715 | 13,477 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,024,374 | 12,423,194 | 8,552,545 | 4,434,660 | 2,256,664 | 2,488,243 | 645,485 | 515,301 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 1,211,358 | 23,445 | 0 |
| Misc Debtors | 5,553,042 | 7,884,379 | 8,309,335 | 3,820,115 | 1,775,778 | 419,390 | 190,135 | 146,442 |
| Cash | 5,251,936 | 9,299,469 | 10,138,098 | 819,943 | 287,334 | 324,639 | 585,583 | 254,420 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,829,352 | 29,607,042 | 26,999,979 | 9,074,718 | 4,319,776 | 4,443,630 | 1,444,648 | 916,163 |
| total assets | 39,368,648 | 39,621,871 | 29,514,194 | 9,132,238 | 4,380,635 | 4,474,345 | 1,458,125 | 916,163 |
| Bank overdraft | 0 | 0 | 14,122 | 0 | 0 | 49,066 | 36,089 | 209 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,106,220 | 9,055,393 | 6,907,026 | 2,210,201 | 1,614,818 | 457,198 | 41,619 | 57,335 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 106,646 | 894,511 | 315,699 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,664,946 | 16,593,340 | 16,910,352 | 7,646,435 | 4,156,170 | 2,253,145 | 326,434 | 627,804 |
| total current liabilities | 30,771,166 | 25,648,734 | 23,831,500 | 9,963,282 | 6,665,499 | 3,075,108 | 404,142 | 685,348 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,702,556 | 1,053,317 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,702,556 | 1,053,318 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 32,473,723 | 26,702,051 | 23,831,500 | 9,963,282 | 6,665,499 | 3,075,108 | 404,142 | 685,348 |
| net assets | 6,894,925 | 12,919,820 | 5,682,694 | -831,044 | -2,284,864 | 1,399,237 | 1,053,983 | 230,815 |
| total shareholders funds | 6,894,925 | 12,919,820 | 5,682,694 | -831,044 | -2,284,864 | 1,399,237 | 1,053,983 | 230,815 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -6,924,403 | 8,699,037 | 7,327,094 | 449,503 | -6,052,073 | |||
| Depreciation | 134,597 | 102,315 | 61,478 | 17,659 | 38,161 | 9,436 | 3,009 | 0 |
| Amortisation | 124,266 | 65,759 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 117,162 | -1,389,073 | -707,006 | 876,995 | 974,978 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,730,157 | 3,445,692 | 8,607,106 | 8,254,775 | 4,032,442 | 3,259,926 | 197,322 | 661,743 |
| Creditors | 4,050,827 | 2,148,367 | 4,696,825 | 2,210,201 | 1,614,818 | 415,579 | -15,716 | 57,335 |
| Accruals and Deferred Income | 1,071,606 | -317,012 | 9,263,917 | 7,646,435 | 4,156,170 | 1,926,711 | -301,370 | 627,804 |
| Deferred Taxes & Provisions | 649,239 | 1,053,317 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,953,451 | 6,917,018 | 12,035,202 | 2,946,018 | -3,300,388 | |||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | |||
| Change in Investments | 1,774,113 | 1,419,351 | 0 | 0 | 0 | 2,717 | 75 | 0 |
| cash flow from investments | -1,774,113 | -1,419,351 | 0 | 0 | 0 | |||
| 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 | -106,646 | 106,646 | 894,511 | 315,699 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -55 | -14 | -742 | -17,938 | -5,116 | |||
| cash flow from financing | 1,041,347 | -72,839 | -332,248 | -2,050,896 | 3,686,742 | |||
| cash and cash equivalents | ||||||||
| cash | -4,047,533 | -838,629 | 9,318,155 | 819,943 | 287,334 | -260,944 | 331,163 | 254,420 |
| overdraft | 0 | -14,122 | 14,122 | 0 | 0 | 12,977 | 35,880 | 209 |
| change in cash | -4,047,533 | -824,507 | 9,304,033 | 819,943 | 287,334 | -273,921 | 295,283 | 254,211 |
whalar ltd Credit Report and Business Information
Whalar Ltd Competitor Analysis
Perform a competitor analysis for whalar ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC2V area or any other competitors across 12 key performance metrics.
whalar ltd Ownership
WHALAR LTD group structure
Whalar Ltd has no subsidiary companies.
Ultimate parent company
WHALAR LTD
09803195
whalar ltd directors
Whalar Ltd currently has 6 directors. The longest serving directors include Mr Neil Waller (Oct 2015) and Mr James Street (Oct 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Waller | England | 40 years | Oct 2015 | - | Director |
| Mr James Street | United Kingdom | 41 years | Oct 2015 | - | Director |
| Mr Robert Horler | 55 years | Feb 2018 | - | Director | |
| Mr John Hegarty | 80 years | Feb 2018 | - | Director | |
| Miss Andrea Wong | England | 58 years | Apr 2018 | - | Director |
| Mr Robert Greenberg | 76 years | Jun 2019 | - | Director |
P&L
December 2023turnover
77.3m
-9%
operating profit
-6.9m
-180%
gross margin
33%
-20.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.9m
-0.47%
total assets
39.4m
-0.01%
cash
5.3m
-0.44%
net assets
Total assets minus all liabilities
Similar Companies
whalar ltd company details
company number
09803195
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62090 - Other information technology and computer service activities
62020 - Computer consultancy activities
incorporation date
October 2015
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HAYSMACINTYRE LLP
address
9th floor 107 cheapside, london, EC2V 6DN
Bank
-
Legal Advisor
-
whalar 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 7 charges/mortgages relating to whalar ltd. Currently there are 2 open charges and 5 have been satisfied in the past.
whalar ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
