paxos technology limited
paxos technology limited Company Information
Company Number
09952253
Website
paxos.comRegistered Address
the courtyard high street, ascot, berkshire, SL5 7HP
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
16 days late
Group Structure
View All
Shareholders
kabompo holdings ltd 100%
paxos technology limited Estimated Valuation
Pomanda estimates the enterprise value of PAXOS TECHNOLOGY LIMITED at £6.3m based on a Turnover of £4m and 1.55x industry multiple (adjusted for size and gross margin).
paxos technology limited Estimated Valuation
Pomanda estimates the enterprise value of PAXOS TECHNOLOGY LIMITED at £0 based on an EBITDA of £-15.1m and a 6.24x industry multiple (adjusted for size and gross margin).
paxos technology limited Estimated Valuation
Pomanda estimates the enterprise value of PAXOS TECHNOLOGY LIMITED at £0 based on Net Assets of £-8.3m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Paxos Technology Limited Overview
Paxos Technology Limited is a live company located in berkshire, SL5 7HP with a Companies House number of 09952253. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2016, it's largest shareholder is kabompo holdings ltd with a 100% stake. Paxos Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £4m with rapid growth in recent years.
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Paxos Technology Limited Health Check
Pomanda's financial health check has awarded Paxos Technology Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £4m, make it in line with the average company (£4.5m)
- Paxos Technology Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 164%, show it is growing at a faster rate (3.2%)
- Paxos Technology Limited
3.2% - Industry AVG
Production
with a gross margin of 61.5%, this company has a comparable cost of product (61.5%)
- Paxos Technology Limited
61.5% - Industry AVG
Profitability
an operating margin of -373% make it less profitable than the average company (10.7%)
- Paxos Technology Limited
10.7% - Industry AVG
Employees
with 34 employees, this is above the industry average (15)
34 - Paxos Technology Limited
15 - Industry AVG
Pay Structure
on an average salary of £78.8k, the company has an equivalent pay structure (£78.8k)
- Paxos Technology Limited
£78.8k - Industry AVG
Efficiency
resulting in sales per employee of £119k, this is less efficient (£224.7k)
- Paxos Technology Limited
£224.7k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (30 days)
- Paxos Technology Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is close to average (37 days)
- Paxos Technology Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Paxos Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (38 weeks)
1 weeks - Paxos Technology Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2076.9%, this is a higher level of debt than the average (58.6%)
2076.9% - Paxos Technology Limited
58.6% - Industry AVG
PAXOS TECHNOLOGY LIMITED financials
Paxos Technology Limited's latest turnover from December 2022 is estimated at £4 million and the company has net assets of -£8.3 million. According to their latest financial statements, Paxos Technology Limited has 34 employees and maintains cash reserves of £118.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|
| 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 | 34 | 16 | 14 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 19,959 | 18,442 | 3,417 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 19,959 | 18,442 | 3,417 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 72,167 | 51,956 | 9,480 | 27,497 | 0 | 0 |
| Group Debtors | 0 | 0 | 92,467 | 0 | 0 | 0 |
| Misc Debtors | 229,522 | 33,268 | 38,397 | 0 | 0 | 0 |
| Cash | 118,093 | 312,893 | 354,682 | 33,538 | 188,290 | 0 |
| misc current assets | 0 | 0 | 0 | 3,027 | 2,839 | 0 |
| total current assets | 419,783 | 398,118 | 495,026 | 64,062 | 191,129 | 0 |
| total assets | 419,783 | 398,118 | 495,026 | 84,021 | 209,571 | 3,417 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 146,649 | 102,584 | 20,069 | 28,485 | 0 | 0 |
| Group/Directors Accounts | 4,759,277 | 4,790,344 | 4,682,171 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 101,727 | 14,611 | 35,467 | 0 | 0 | 0 |
| total current liabilities | 5,007,653 | 4,907,540 | 4,737,708 | 28,485 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,710,618 | 0 | 0 | 5,334,708 | 3,762,391 | 1,859,781 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,710,619 | 0 | 0 | 5,334,708 | 3,762,391 | 1,859,781 |
| total liabilities | 8,718,272 | 4,907,540 | 4,737,708 | 5,363,193 | 3,762,391 | 1,859,781 |
| net assets | -8,298,489 | -4,509,423 | -4,242,681 | -5,279,172 | -3,552,820 | -1,856,364 |
| total shareholders funds | -8,298,489 | -4,509,423 | -4,242,681 | -5,279,172 | -3,552,820 | -1,856,364 |
| Dec 2022 | Dec 2021 | Dec 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 216,465 | -55,120 | 112,847 | 27,497 | 0 | 0 |
| Creditors | 44,065 | 82,515 | -8,416 | 28,485 | 0 | 0 |
| Accruals and Deferred Income | 87,116 | -20,856 | 35,467 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -31,067 | 108,174 | 4,682,171 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 3,710,618 | 0 | -5,334,708 | 1,572,317 | 1,902,610 | 1,859,781 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -194,800 | -41,788 | 321,144 | -154,752 | 188,290 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -194,800 | -41,788 | 321,144 | -154,752 | 188,290 | 0 |
paxos technology limited Credit Report and Business Information
Paxos Technology Limited Competitor Analysis
Perform a competitor analysis for paxos technology limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SL5 area or any other competitors across 12 key performance metrics.
paxos technology limited Ownership
PAXOS TECHNOLOGY LIMITED group structure
Paxos Technology Limited has no subsidiary companies.
Ultimate parent company
KABOMPO HOLDINGS LTD
#0133270
1 parent
PAXOS TECHNOLOGY LIMITED
09952253
paxos technology limited directors
Paxos Technology Limited currently has 2 directors. The longest serving directors include Mr Emil Woods (Jan 2016) and Mr Charles Cascarilla (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Emil Woods | United Kingdom | 52 years | Jan 2016 | - | Director |
| Mr Charles Cascarilla | United Kingdom | 48 years | Jan 2016 | - | Director |
P&L
December 2022turnover
4m
+105%
operating profit
-15.1m
0%
gross margin
61.5%
-1.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-8.3m
+0.84%
total assets
419.8k
+0.05%
cash
118.1k
-0.62%
net assets
Total assets minus all liabilities
Similar Companies
paxos technology limited company details
company number
09952253
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
itbit technology limited (August 2016)
accountant
KIRK RICE LLP
auditor
-
address
the courtyard high street, ascot, berkshire, SL5 7HP
Bank
-
Legal Advisor
-
paxos technology 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 paxos technology limited.
paxos technology limited Companies House Filings - See Documents
| date | description | view/download |
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