Pomanda estimates the enterprise value of ACCORDION TECHNOLOGY LIMITED at £900.9k based on a Turnover of £1.5m and 0.59x industry multiple (adjusted for size and gross margin).
accordion technology limitedEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of ACCORDION TECHNOLOGY LIMITED at £1.3m based on an EBITDA of £347.2k and a 3.81x industry multiple (adjusted for size and gross margin).
accordion technology limitedEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of ACCORDION TECHNOLOGY LIMITED at £2.4m based on Net Assets of £1.1m and 2.17x industry multiple (adjusted for liquidity).
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Accordion Technology LimitedOverview
Accordion Technology Limited is a live company located in england, SL1 4PF with a Companies House number of 10173420. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2016, it's largest shareholder is
atcore technology group ltd
with a 55% stake. Accordion Technology Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.5m with
high
growth in recent years.
Pomanda's financial health check has awarded Accordion Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
3 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£7.5m)
£1.5m - Accordion Technology Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.1%)
26% - Accordion Technology Limited
9.1% - Industry AVG
Production
with a gross margin of 33.5%, this company has a higher cost of product (49.8%)
33.5% - Accordion Technology Limited
49.8% - Industry AVG
Profitability
an operating margin of 22.6% make it more profitable than the average company (4%)
22.6% - Accordion Technology Limited
4% - Industry AVG
Employees
with 9 employees, this is below the industry average (44)
9 - Accordion Technology Limited
44 - Industry AVG
Pay Structure
on an average salary of £63.8k, the company has an equivalent pay structure (£72.7k)
£63.8k - Accordion Technology Limited
£72.7k - Industry AVG
Efficiency
resulting in sales per employee of £169.3k, this is equally as efficient (£179.3k)
£169.3k - Accordion Technology Limited
£179.3k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (51 days)
3 days - Accordion Technology Limited
51 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Accordion Technology Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Accordion Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 28 weeks, this is more cash available to meet short term requirements (13 weeks)
28 weeks - Accordion Technology Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.5%, this is a lower level of debt than the average (63.8%)
18.5% - Accordion Technology Limited
63.8% - Industry AVG
ACCORDION TECHNOLOGY LIMITED financials
EXPORT
Accordion Technology Limited's latest turnover from April 2024 is £1.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Accordion Technology Limited has 9 employees and maintains cash reserves of £139.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Turnover
1,523,930
1,395,545
1,064,996
766,400
769,341
942,397
842,448
446,118
Other Income Or Grants
Cost Of Sales
1,012,986
945,013
706,826
251,805
350,915
454,083
400,582
213,516
Gross Profit
510,944
450,532
358,170
514,595
418,426
488,313
441,866
232,602
Admin Expenses
167,270
145,571
53,726
151,291
132,920
421,062
408,968
207,477
Operating Profit
343,674
304,961
304,444
363,304
285,506
67,251
32,898
25,125
Interest Payable
Interest Receivable
125
63
Pre-Tax Profit
343,674
304,961
304,444
363,304
285,506
67,251
33,023
25,188
Tax
-85,838
-59,736
-58,252
-69,101
-54,354
-12,778
-6,274
-4,786
Profit After Tax
257,836
245,225
246,192
294,203
231,152
54,473
26,749
20,402
Dividends Paid
250,000
Retained Profit
257,836
245,225
-3,808
294,203
231,152
54,473
26,749
20,402
Employee Costs
574,324
498,820
410,664
232,590
290,783
419,133
344,087
223,113
Number Of Employees
9
8
6
4
4
7
6
4
EBITDA*
347,179
307,285
304,444
363,304
285,506
67,251
32,898
25,125
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Tangible Assets
4,686
8,191
8,465
1,150
1,150
1,150
1,150
Intangible Assets
Investments & Other
1,150
1,150
1,150
1,150
1,150
1,150
Debtors (Due After 1 year)
Total Fixed Assets
5,836
9,341
8,465
1,150
1,150
1,150
1,150
1,150
Stock & work in progress
Trade Debtors
16,000
1,021,458
713,973
180,224
235,636
180,328
171,132
81,396
Group Debtors
1,218,610
22,715
28,224
Misc Debtors
1,761
903
Cash
139,795
145,214
179,581
600,209
236,221
50,032
misc current assets
total current assets
1,376,166
1,190,290
893,554
780,433
500,081
180,328
171,132
131,428
total assets
1,382,002
1,199,631
902,019
781,583
501,231
181,478
172,282
132,578
Bank overdraft
Bank loan
Trade Creditors
158,902
7,456
9,701
29,250
79,854
55,131
42,076
Group/Directors Accounts
50,793
other short term finances
hp & lease commitments
other current liabilities
204,978
172,333
271,392
144,903
139,205
total current liabilities
255,771
331,235
278,848
154,604
168,455
79,854
55,131
42,076
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
70,000
70,000
provisions
total long term liabilities
70,000
70,000
total liabilities
255,771
331,235
278,848
154,604
168,455
79,854
125,131
112,076
net assets
1,126,231
868,396
623,171
626,979
332,776
101,624
47,151
20,502
total shareholders funds
1,126,231
868,396
623,171
626,979
332,776
101,624
47,151
20,502
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Operating Activities
Operating Profit
343,674
304,961
304,444
363,304
285,506
67,251
32,898
25,125
Depreciation
3,505
2,324
Amortisation
Tax
-85,838
-59,736
-58,252
-69,101
-54,354
-12,778
-6,274
-4,786
Stock
Debtors
191,295
331,103
533,749
-83,636
83,532
9,196
89,736
81,396
Creditors
-158,902
151,446
-2,245
-19,549
-50,604
24,723
13,055
42,076
Accruals and Deferred Income
32,645
-99,059
126,489
5,698
139,205
Deferred Taxes & Provisions
Cash flow from operations
-56,211
-31,167
-163,313
363,988
236,221
70,000
-50,057
-18,981
Investing Activities
capital expenditure
-2,050
-7,315
-1,150
Change in Investments
1,150
-1,150
1,150
cash flow from investments
-2,050
-7,315
-1,150
-1,150
Financing Activities
Bank loans
Group/Directors Accounts
50,793
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-70,000
70,000
share issue
-1
-100
100
interest
125
63
cash flow from financing
50,792
-70,000
25
70,163
cash and cash equivalents
cash
-5,419
-34,367
-420,628
363,988
236,221
-50,032
50,032
overdraft
change in cash
-5,419
-34,367
-420,628
363,988
236,221
-50,032
50,032
accordion technology limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for accordion technology limited. Get real-time insights into accordion technology limited's credit score, group structure and payment trends.
Perform a competitor analysis for accordion technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SL1 area or any other competitors across 12 key performance metrics.
accordion technology limited Ownership
ACCORDION TECHNOLOGY LIMITED group structure
Accordion Technology Limited has no subsidiary companies.
The largest shareholders in Accordion Technology Limited include Atcore Technology Group Ltd and Srinivas Prabhala.
atcore technology group ltd
55%
srinivas prabhala
45%
accordion technology limited directors
Accordion Technology Limited currently has 2 directors.
The longest serving directors include
Mr Srinivas Prabhala (Jul 2016) and
Mr Andrew Lennon (May 2021).
62090 - Other information technology and computer service activities
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
TRAVELSOFT UK HOLDING LIMITED ACTIVE
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
353 buckingham avenue, slough, england, SL1 4PF
Bank
HSBC BANK PLC
Legal Advisor
GOWLING WLG (UK) LLP
accordion 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 accordion technology limited.
accordion technology 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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accordion technology limitedCompanies House Filings - See Documents
