reward cloud limited
reward cloud limited Company Information
Company Number
10051136
Next Accounts
Sep 2025
Shareholders
passion capital ii lp
cip nominees limited
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
unit 14 hove business centre, fonthill road, hove, BN3 6HA
Website
www.reward.cloudreward cloud limited Estimated Valuation
Pomanda estimates the enterprise value of REWARD CLOUD LIMITED at £15.1m based on a Turnover of £14m and 1.08x industry multiple (adjusted for size and gross margin).
reward cloud limited Estimated Valuation
Pomanda estimates the enterprise value of REWARD CLOUD LIMITED at £4.8m based on an EBITDA of £662.3k and a 7.32x industry multiple (adjusted for size and gross margin).
reward cloud limited Estimated Valuation
Pomanda estimates the enterprise value of REWARD CLOUD LIMITED at £18.3m based on Net Assets of £8.1m and 2.25x industry multiple (adjusted for liquidity).
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Reward Cloud Limited Overview
Reward Cloud Limited is a live company located in hove, BN3 6HA with a Companies House number of 10051136. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2016, it's largest shareholder is passion capital ii lp with a 21.4% stake. Reward Cloud Limited is a young, mid sized company, Pomanda has estimated its turnover at £14m with declining growth in recent years.
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Reward Cloud Limited Health Check
Pomanda's financial health check has awarded Reward Cloud Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £14m, make it larger than the average company (£7.4m)
£14m - Reward Cloud Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (8%)
-17% - Reward Cloud Limited
8% - Industry AVG
Production
with a gross margin of 61.9%, this company has a lower cost of product (51.5%)
61.9% - Reward Cloud Limited
51.5% - Industry AVG
Profitability
an operating margin of 3.9% make it as profitable than the average company (3.5%)
3.9% - Reward Cloud Limited
3.5% - Industry AVG
Employees
with 86 employees, this is above the industry average (43)
86 - Reward Cloud Limited
43 - Industry AVG
Pay Structure
on an average salary of £70.9k, the company has an equivalent pay structure (£74.4k)
£70.9k - Reward Cloud Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £163.3k, this is equally as efficient (£178.4k)
£163.3k - Reward Cloud Limited
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 410 days, this is later than average (52 days)
410 days - Reward Cloud Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 1746 days, this is slower than average (33 days)
1746 days - Reward Cloud Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is more than average (16 days)
54 days - Reward Cloud Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (14 weeks)
40 weeks - Reward Cloud Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.8%, this is a higher level of debt than the average (64.7%)
85.8% - Reward Cloud Limited
64.7% - Industry AVG
REWARD CLOUD LIMITED financials
Reward Cloud Limited's latest turnover from December 2023 is £14 million and the company has net assets of £8.1 million. According to their latest financial statements, Reward Cloud Limited has 86 employees and maintains cash reserves of £38.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 14,046,709 | 9,890,131 | 26,313,153 | 24,223,140 | 35,014,797 | |||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 5,358,614 | 2,944,688 | 20,338,021 | 21,295,165 | 30,994,346 | |||
| Gross Profit | 8,688,095 | 6,945,443 | 5,975,132 | 2,927,975 | 4,020,451 | |||
| Admin Expenses | 8,138,056 | 6,130,628 | 3,854,474 | 1,428,411 | 2,699,631 | |||
| Operating Profit | 550,039 | 814,815 | 2,120,658 | 1,499,564 | 1,320,820 | |||
| Interest Payable | 69,325 | 86,195 | 66,332 | 39,631 | 96,011 | |||
| Interest Receivable | 864,497 | 180,487 | 1,251 | 220 | 4,686 | |||
| Pre-Tax Profit | 1,345,211 | 909,107 | 2,055,577 | 1,460,153 | 1,229,495 | |||
| Tax | -90,998 | 26,845 | -109,199 | -246,100 | -147,646 | |||
| Profit After Tax | 1,254,213 | 935,952 | 1,946,378 | 1,214,053 | 1,081,849 | |||
| Dividends Paid | ||||||||
| Retained Profit | 1,254,213 | 935,952 | 1,946,378 | 1,214,053 | 1,081,849 | |||
| Employee Costs | 6,100,013 | 4,424,716 | 2,638,700 | 876,915 | 1,530,810 | |||
| Number Of Employees | 86 | 75 | 49 | 29 | 23 | 16 | 10 | 5 |
| EBITDA* | 662,335 | 889,171 | 2,263,320 | 1,675,924 | 1,746,803 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 340,668 | 194,936 | 150,651 | 134,269 | 117,769 | 34,592 | 19,417 | 22,862 |
| Intangible Assets | 301,288 | 66,699 | 7,971 | 108,061 | 266,487 | 582,492 | 438,648 | 328,846 |
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 72,100 | |||||||
| Total Fixed Assets | 641,956 | 261,635 | 158,622 | 242,330 | 384,256 | 689,184 | 458,065 | 351,708 |
| Stock & work in progress | 804,564 | 352,139 | 282,051 | 1,817,808 | 1,524,754 | 448,150 | 23,490 | |
| Trade Debtors | 15,805,565 | 13,866,184 | 15,054,078 | 12,717,464 | 5,130,574 | 1,358,594 | 1,218,067 | 458,628 |
| Group Debtors | ||||||||
| Misc Debtors | 1,724,693 | 882,722 | 463,753 | 343,347 | 5,541,173 | 167,647 | 6,807 | 7,065 |
| Cash | 38,366,045 | 34,288,302 | 24,279,048 | 19,634,390 | 20,793,079 | 2,225,289 | 2,003,444 | 424,232 |
| misc current assets | ||||||||
| total current assets | 56,700,867 | 49,389,347 | 40,078,930 | 34,513,009 | 32,989,580 | 4,199,680 | 3,251,808 | 889,925 |
| total assets | 57,342,823 | 49,650,982 | 40,237,552 | 34,755,339 | 33,373,836 | 4,888,864 | 3,709,873 | 1,241,633 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 25,640,206 | 21,747,546 | 13,365,694 | 13,704,466 | 13,956,740 | 3,724,966 | 3,126,281 | 611,278 |
| Group/Directors Accounts | ||||||||
| other short term finances | 76,464 | |||||||
| hp & lease commitments | 15,047 | 21,449 | 18,997 | 16,829 | 15,840 | |||
| other current liabilities | 23,553,089 | 21,193,820 | 21,296,608 | 17,473,556 | 16,919,650 | 492,350 | 137,742 | 113,386 |
| total current liabilities | 49,208,342 | 42,962,815 | 34,681,299 | 31,194,851 | 30,968,694 | 4,217,316 | 3,264,023 | 724,664 |
| loans | 127,178 | |||||||
| hp & lease commitments | 15,047 | 36,497 | 55,494 | 64,164 | ||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 218,539 | |||||||
| provisions | ||||||||
| total long term liabilities | 15,047 | 36,497 | 55,494 | 191,342 | 218,539 | |||
| total liabilities | 49,208,342 | 42,977,862 | 34,717,796 | 31,250,345 | 31,160,036 | 4,435,855 | 3,264,023 | 724,664 |
| net assets | 8,134,481 | 6,673,120 | 5,519,756 | 3,504,994 | 2,213,800 | 453,009 | 445,850 | 516,969 |
| total shareholders funds | 8,134,481 | 6,673,120 | 5,519,756 | 3,504,994 | 2,213,800 | 453,009 | 445,850 | 516,969 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 550,039 | 814,815 | 2,120,658 | 1,499,564 | 1,320,820 | |||
| Depreciation | 91,715 | 66,384 | 45,406 | 17,934 | 33,137 | 18,601 | 10,181 | 3,303 |
| Amortisation | 20,581 | 7,972 | 97,256 | 158,426 | 392,846 | 199,846 | 197,479 | 54,031 |
| Tax | -90,998 | 26,845 | -109,199 | -246,100 | -147,646 | |||
| Stock | 452,425 | 70,088 | -1,535,757 | 1,369,658 | 1,076,604 | 424,660 | 23,490 | |
| Debtors | 2,781,352 | -768,925 | 2,457,020 | 11,462,470 | 9,073,406 | 373,467 | 759,181 | 465,693 |
| Creditors | 3,892,660 | 8,381,852 | -338,772 | 9,979,500 | 10,231,774 | 598,685 | 2,515,003 | 611,278 |
| Accruals and Deferred Income | 2,359,269 | -102,788 | 3,823,052 | 16,981,206 | 16,427,300 | 354,608 | 24,356 | 113,386 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | 3,589,489 | 9,893,917 | 4,717,138 | 15,558,402 | 18,108,221 | |||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | 76,464 | |||||||
| Long term loans | 127,178 | |||||||
| Hire Purchase and Lease Commitments | -21,449 | -18,998 | -16,829 | 72,323 | 80,004 | |||
| other long term liabilities | -218,539 | -218,539 | 218,539 | |||||
| share issue | ||||||||
| interest | 795,172 | 94,292 | -65,081 | -39,411 | -91,325 | |||
| cash flow from financing | 980,871 | 292,706 | -13,526 | 1,652,305 | 652,724 | |||
| cash and cash equivalents | ||||||||
| cash | 4,077,743 | 10,009,254 | 4,644,658 | 17,409,101 | 18,567,790 | 221,845 | 1,579,212 | 424,232 |
| overdraft | ||||||||
| change in cash | 4,077,743 | 10,009,254 | 4,644,658 | 17,409,101 | 18,567,790 | 221,845 | 1,579,212 | 424,232 |
reward cloud limited Credit Report and Business Information
Reward Cloud Limited Competitor Analysis
Perform a competitor analysis for reward cloud limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BN3 area or any other competitors across 12 key performance metrics.
reward cloud limited Ownership
REWARD CLOUD LIMITED group structure
Reward Cloud Limited has no subsidiary companies.
Ultimate parent company
REWARD CLOUD LIMITED
10051136
reward cloud limited directors
Reward Cloud Limited currently has 2 directors. The longest serving directors include Mr Alexander Preece (Mar 2016) and Mr Robert Dighero (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Preece | England | 41 years | Mar 2016 | - | Director |
| Mr Robert Dighero | England | 58 years | May 2016 | - | Director |
P&L
December 2023turnover
14m
+42%
operating profit
550k
-32%
gross margin
61.9%
-11.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.1m
+0.22%
total assets
57.3m
+0.15%
cash
38.4m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
reward cloud limited company details
company number
10051136
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KRESTON REEVES LLP
address
unit 14 hove business centre, fonthill road, hove, BN3 6HA
Bank
HSBC BANK PLC
Legal Advisor
MISHCON DE REYA LLP
reward cloud 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 reward cloud limited.
reward cloud limited Capital Raised & Share Issues BETA
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reward cloud limited Companies House Filings - See Documents
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