4syte ltd
4syte ltd Company Information
Company Number
10117411
Website
4syte.co.ukRegistered Address
second floor steeple house, church lane, chelmsford, essex, CM1 1NH
Industry
Factoring
Telephone
01245377032
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
balder capital ltd 39.2%
mark benson 26.7%
View All4syte ltd Estimated Valuation
Pomanda estimates the enterprise value of 4SYTE LTD at £23.9m based on a Turnover of £14.8m and 1.62x industry multiple (adjusted for size and gross margin).
4syte ltd Estimated Valuation
Pomanda estimates the enterprise value of 4SYTE LTD at £10.7m based on an EBITDA of £2.2m and a 4.82x industry multiple (adjusted for size and gross margin).
4syte ltd Estimated Valuation
Pomanda estimates the enterprise value of 4SYTE LTD at £6.1m based on Net Assets of £3.8m and 1.61x industry multiple (adjusted for liquidity).
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4syte Ltd Overview
4syte Ltd is a live company located in chelmsford, CM1 1NH with a Companies House number of 10117411. It operates in the factoring sector, SIC Code 64992. Founded in April 2016, it's largest shareholder is balder capital ltd with a 39.2% stake. 4syte Ltd is a young, mid sized company, Pomanda has estimated its turnover at £14.8m with rapid growth in recent years.
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4syte Ltd Health Check
Pomanda's financial health check has awarded 4Syte Ltd a 4 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
2 Regular
4 Weak
Size
annual sales of £14.8m, make it larger than the average company (£4.6m)
£14.8m - 4syte Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (-3.1%)
- 4syte Ltd
-3.1% - Industry AVG
Production
with a gross margin of 51.1%, this company has a higher cost of product (69.4%)
51.1% - 4syte Ltd
69.4% - Industry AVG
Profitability
an operating margin of 14.8% make it less profitable than the average company (40.9%)
14.8% - 4syte Ltd
40.9% - Industry AVG
Employees
with 48 employees, this is above the industry average (38)
48 - 4syte Ltd
38 - Industry AVG
Pay Structure
on an average salary of £70.1k, the company has an equivalent pay structure (£64.3k)
£70.1k - 4syte Ltd
£64.3k - Industry AVG
Efficiency
resulting in sales per employee of £308.3k, this is equally as efficient (£275.7k)
£308.3k - 4syte Ltd
£275.7k - Industry AVG
Debtor Days
it gets paid by customers after 2466 days, this is later than average (1593 days)
2466 days - 4syte Ltd
1593 days - Industry AVG
Creditor Days
its suppliers are paid after 1677 days, this is slower than average (710 days)
1677 days - 4syte Ltd
710 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 4syte Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is more cash available to meet short term requirements (1 weeks)
2 weeks - 4syte Ltd
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (86.1%)
96.6% - 4syte Ltd
86.1% - Industry AVG
4SYTE LTD financials
4Syte Ltd's latest turnover from December 2023 is £14.8 million and the company has net assets of £3.8 million. According to their latest financial statements, 4Syte Ltd has 48 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 14,797,881 | 13,088,243 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 7,242,570 | 8,161,012 | ||||||
| Gross Profit | 7,555,311 | 4,927,231 | ||||||
| Admin Expenses | 5,364,994 | 4,116,529 | ||||||
| Operating Profit | 2,190,317 | 810,702 | ||||||
| Interest Payable | 276,948 | 0 | ||||||
| Interest Receivable | 12,755 | 5,376 | ||||||
| Pre-Tax Profit | 1,840,819 | 831,589 | ||||||
| Tax | -466,949 | -168,714 | ||||||
| Profit After Tax | 1,373,870 | 662,875 | ||||||
| Dividends Paid | 100,000 | 100,000 | ||||||
| Retained Profit | 1,202,704 | 424,695 | ||||||
| Employee Costs | 3,364,589 | 3,186,710 | ||||||
| Number Of Employees | 48 | 46 | 40 | 32 | 25 | 13 | 12 | 7 |
| EBITDA* | 2,229,968 | 857,018 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,482 | 76,713 | 88,098 | 109,579 | 52,956 | 25,960 | 27,255 | 1,865 |
| Intangible Assets | 2,134 | 4,233 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 818,087 | 920,558 | 1,198,477 | 698,377 | 698,280 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 730,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 878,703 | 1,731,504 | 1,286,575 | 807,956 | 751,236 | 25,960 | 27,255 | 1,865 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 99,992,618 | 91,135,164 | 0 | 0 | 87,693 | 14,555 | 0 | 0 |
| Group Debtors | 0 | 78 | 2,462,948 | 1,885,326 | 1,370,682 | 931,609 | 449,831 | 475,000 |
| Misc Debtors | 4,723,538 | 2,167,327 | 458,693 | 327,032 | 208,999 | 297,479 | 244,974 | 3,884 |
| Cash | 3,322,131 | 948,214 | 16,931 | 128,373 | 147,684 | 22,381 | 108,743 | 39,653 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 932 | 155 | 100 |
| total current assets | 108,038,287 | 94,250,783 | 2,938,572 | 2,340,731 | 1,815,058 | 1,266,956 | 803,703 | 518,637 |
| total assets | 108,916,990 | 95,982,287 | 4,225,147 | 3,148,687 | 2,566,294 | 1,292,916 | 830,958 | 520,502 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 46,126,739 | 31,363,729 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,285,953 | 31,953,186 | 5,429 | 3,521 | 8,810 | 1,423 | 21,892 | 2 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 12,017 | 0 | 0 | 0 |
| other short term finances | 1,115,866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,387,290 | 873,393 | 302,593 | 241,873 | 115,302 | 109,354 | 12,720 | 19,716 |
| total current liabilities | 81,915,848 | 64,190,308 | 308,022 | 245,394 | 136,129 | 110,777 | 34,612 | 19,718 |
| loans | 23,242,904 | 29,290,445 | 2,955,903 | 0 | 0 | 0 | 295,004 | 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 | 2,179,672 | 1,942,246 | 715,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,242,904 | 29,290,445 | 2,955,903 | 2,179,672 | 1,942,246 | 715,000 | 295,004 | 0 |
| total liabilities | 105,158,752 | 93,480,753 | 3,263,925 | 2,425,066 | 2,078,375 | 825,777 | 329,616 | 19,718 |
| net assets | 3,758,238 | 2,501,534 | 961,222 | 723,621 | 487,919 | 467,139 | 501,342 | 500,784 |
| total shareholders funds | 3,758,238 | 2,501,534 | 961,222 | 723,621 | 487,919 | 467,139 | 501,342 | 500,784 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,190,317 | 810,702 | ||||||
| Depreciation | 39,651 | 46,316 | 44,954 | 39,604 | 18,054 | 2,965 | 176 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -466,949 | -168,714 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 10,683,587 | 91,110,928 | 709,283 | 544,984 | 423,731 | 548,838 | 215,921 | 478,884 |
| Creditors | 1,332,767 | 31,947,757 | 1,908 | -5,289 | 7,387 | -20,469 | 21,890 | 2 |
| Accruals and Deferred Income | 513,897 | 570,800 | 60,720 | 126,571 | 5,948 | 96,634 | -6,996 | 19,716 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -7,073,904 | -57,904,067 | ||||||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | ||||||
| Change in Investments | -102,471 | -277,919 | 500,100 | 97 | 698,280 | 0 | 0 | 0 |
| cash flow from investments | 102,471 | 277,919 | ||||||
| Financing Activities | ||||||||
| Bank loans | 14,763,010 | 31,363,729 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -12,017 | 12,017 | 0 | 0 | 0 |
| Other Short Term Loans | 1,115,866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -6,047,541 | 26,334,542 | 2,955,903 | 0 | 0 | -295,004 | 295,004 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -2,179,672 | 237,426 | 1,227,246 | 715,000 | 0 | 0 |
| share issue | ||||||||
| interest | -264,193 | 5,376 | ||||||
| cash flow from financing | 9,621,142 | 58,819,264 | ||||||
| cash and cash equivalents | ||||||||
| cash | 2,373,917 | 931,283 | -111,442 | -19,311 | 125,303 | -86,362 | 69,090 | 39,653 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,373,917 | 931,283 | -111,442 | -19,311 | 125,303 | -86,362 | 69,090 | 39,653 |
4syte ltd Credit Report and Business Information
4syte Ltd Competitor Analysis
Perform a competitor analysis for 4syte ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in CM1 area or any other competitors across 12 key performance metrics.
4syte ltd Ownership
4SYTE LTD group structure
4Syte Ltd has 6 subsidiary companies.
Ultimate parent company
4SYTE LTD
10117411
6 subsidiaries
4syte ltd directors
4Syte Ltd currently has 5 directors. The longest serving directors include Mr Magnus Gundersen (Apr 2016) and Mr Nicholas Sellars (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Magnus Gundersen | England | 52 years | Apr 2016 | - | Director |
| Mr Nicholas Sellars | England | 63 years | Jul 2016 | - | Director |
| Mr Mark Benson | United Kingdom | 62 years | Nov 2016 | - | Director |
| Mr Paul Barker | England | 44 years | Nov 2016 | - | Director |
| Mr Paul Fenton | England | 46 years | Jul 2020 | - | Director |
P&L
December 2023turnover
14.8m
+13%
operating profit
2.2m
+170%
gross margin
51.1%
+35.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.8m
+0.5%
total assets
108.9m
+0.13%
cash
3.3m
+2.5%
net assets
Total assets minus all liabilities
4syte ltd company details
company number
10117411
Type
Private limited with Share Capital
industry
64992 - Factoring
incorporation date
April 2016
age
8
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
second floor steeple house, church lane, chelmsford, essex, CM1 1NH
accountant
-
auditor
GRAVITA AUDIT II LIMITED
4syte 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 5 charges/mortgages relating to 4syte ltd. Currently there are 4 open charges and 1 have been satisfied in the past.
4syte ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
