graphcore limited
graphcore limited Company Information
Company Number
10185006
Website
http://www.graphcore.aiRegistered Address
9th floor, 107 cheapside, london, EC2V 6DN
Industry
Other information technology and computer service activities
Telephone
01172141420
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
robert bosch venture capital gmbh 8%
atomico iv lp 7.6%
View Allgraphcore limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPHCORE LIMITED at £1.8m based on a Turnover of £2.1m and 0.83x industry multiple (adjusted for size and gross margin).
graphcore limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPHCORE LIMITED at £0 based on an EBITDA of £-121.3m and a 5.86x industry multiple (adjusted for size and gross margin).
graphcore limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPHCORE LIMITED at £49.5m based on Net Assets of £127.8m and 0.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Graphcore Limited Overview
Graphcore Limited is a live company located in london, EC2V 6DN with a Companies House number of 10185006. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2016, it's largest shareholder is robert bosch venture capital gmbh with a 8% stake. Graphcore Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Graphcore Limited Health Check
Pomanda's financial health check has awarded Graphcore Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£6.6m)
£2.1m - Graphcore Limited
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (5.4%)
-34% - Graphcore Limited
5.4% - Industry AVG
Production
with a gross margin of 63.1%, this company has a lower cost of product (51.8%)
63.1% - Graphcore Limited
51.8% - Industry AVG
Profitability
an operating margin of -6341.6% make it less profitable than the average company (3.7%)
-6341.6% - Graphcore Limited
3.7% - Industry AVG
Employees
with 650 employees, this is above the industry average (43)
650 - Graphcore Limited
43 - Industry AVG
Pay Structure
on an average salary of £114.4k, the company has a higher pay structure (£68k)
£114.4k - Graphcore Limited
£68k - Industry AVG
Efficiency
resulting in sales per employee of £3.3k, this is less efficient (£162k)
£3.3k - Graphcore Limited
£162k - Industry AVG
Debtor Days
it gets paid by customers after 908 days, this is later than average (56 days)
908 days - Graphcore Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 8748 days, this is slower than average (36 days)
8748 days - Graphcore Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 2257 days, this is more than average (17 days)
2257 days - Graphcore Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 250 weeks, this is more cash available to meet short term requirements (15 weeks)
250 weeks - Graphcore Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.8%, this is a lower level of debt than the average (63.9%)
23.8% - Graphcore Limited
63.9% - Industry AVG
GRAPHCORE LIMITED financials
Graphcore Limited's latest turnover from December 2022 is £2.1 million and the company has net assets of £127.8 million. According to their latest financial statements, Graphcore Limited has 650 employees and maintains cash reserves of £124.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,146,075 | 4,078,596 | 3,544,561 | 7,389,711 | 913,446 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 792,032 | 4,261,341 | 1,074,823 | 2,608,823 | 323,594 | 0 | 0 |
| Gross Profit | 1,354,043 | -182,744 | 2,469,738 | 4,780,888 | 589,852 | 0 | 0 |
| Admin Expenses | 137,449,213 | 131,975,419 | 112,782,517 | 77,874,102 | 48,673,421 | 16,360,811 | 6,996,144 |
| Operating Profit | -136,095,170 | -132,158,163 | -110,312,779 | -73,093,214 | -48,083,569 | -16,360,811 | -6,996,144 |
| Interest Payable | 1,448,897 | 1,150,643 | 1,013,080 | 589,916 | 9,425 | 0 | 0 |
| Interest Receivable | 1,857,560 | 495,673 | 1,635,388 | 3,380,477 | 756,361 | 4,723 | 0 |
| Pre-Tax Profit | -135,686,507 | -132,813,132 | -109,690,470 | -70,302,653 | -47,336,632 | -16,356,087 | -6,996,144 |
| Tax | -1,511,343 | 13,885,340 | 11,563,084 | 10,282,867 | 5,951,932 | 2,353,843 | 1,024,162 |
| Profit After Tax | -137,197,850 | -118,927,792 | -98,127,386 | -60,019,786 | -41,384,700 | -14,002,244 | -5,971,982 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -157,144,890 | -118,927,792 | -98,127,386 | -60,019,786 | -41,384,700 | -14,002,244 | -5,971,982 |
| Employee Costs | 74,339,578 | 80,730,169 | 55,951,743 | 35,762,128 | 20,429,626 | 11,509,044 | 2,437,134 |
| Number Of Employees | 650 | 534 | 419 | 266 | 118 | 54 | 33 |
| EBITDA* | -121,282,112 | -113,850,570 | -97,875,538 | -67,443,940 | -45,450,833 | -15,830,110 | -6,930,462 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 29,160,541 | 40,494,865 | 27,496,953 | 9,718,598 | 6,006,126 | 1,824,937 | 218,154 |
| Intangible Assets | 0 | 1,592,140 | 1,599,643 | 598,710 | 1,192,271 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Debtors (Due After 1 year) | 4,867,599 | 4,954,313 | 2,170,769 | 822,951 | 683,317 | 0 | 0 |
| Total Fixed Assets | 29,160,540 | 42,087,005 | 29,096,595 | 11,140,261 | 7,881,715 | 1,824,937 | 218,155 |
| Stock & work in progress | 4,898,427 | 3,304,762 | 7,230,481 | 8,450,095 | 1,641,533 | 0 | 0 |
| Trade Debtors | 5,339,499 | 6,806,825 | 5,467,544 | 588,451 | 913,446 | 7,727 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 14,608,676 | 10,102,104 | 3,799,887 | 1,330,741 |
| Cash | 124,090,585 | 112,892,374 | 98,267,121 | 41,258,244 | 173,169,180 | 70,365,354 | 16,278,057 |
| misc current assets | 0 | 151,534,730 | 82,527,419 | 85,127,510 | 0 | 0 | 0 |
| total current assets | 138,495,771 | 288,225,924 | 205,313,185 | 150,032,977 | 185,826,265 | 74,172,969 | 17,608,799 |
| total assets | 167,656,311 | 330,312,929 | 234,409,780 | 161,173,238 | 193,707,980 | 75,997,906 | 17,826,953 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,984,270 | 25,266,435 | 3,373,954 | 4,879,085 | 2,585,611 | 1,434,625 | 148,030 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 60,118 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,748,083 | 6,259,400 | 3,503,127 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 11,265,739 | 11,352,777 | 7,341,344 | 778,939 | 342,354 |
| total current liabilities | 25,732,353 | 31,525,835 | 18,202,941 | 16,231,863 | 9,926,956 | 2,213,565 | 490,384 |
| loans | 16,835,032 | 28,956,092 | 18,191,566 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 8,417,516 | 14,478,046 | 8,871,557 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 60,118 | 0 | 0 | 0 | 0 |
| other liabilities | 454,509 | 914,530 | 0 | 256,485 | 325,950 | 0 | 0 |
| provisions | 10,506,678 | 12,534,972 | 5,288,812 | 0 | 0 | 0 | 0 |
| total long term liabilities | 14,125,365 | 21,660,063 | 11,800,308 | 256,485 | 325,950 | 0 | 0 |
| total liabilities | 39,857,718 | 53,185,898 | 30,003,249 | 16,488,348 | 10,252,906 | 2,213,565 | 490,384 |
| net assets | 127,798,593 | 277,127,031 | 204,406,532 | 144,684,889 | 183,455,074 | 73,784,341 | 17,336,569 |
| total shareholders funds | 127,798,593 | 277,127,032 | 204,406,532 | 144,684,889 | 183,455,074 | 73,784,341 | 17,336,569 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -136,095,170 | -132,158,163 | -110,312,779 | -73,093,214 | -48,083,569 | -16,360,811 | -6,996,144 |
| Depreciation | 14,813,058 | 18,307,593 | 12,437,241 | 5,135,571 | 2,174,050 | 530,701 | 65,682 |
| Amortisation | 0 | 0 | 0 | 513,703 | 458,686 | 0 | 0 |
| Tax | -1,511,343 | 13,885,340 | 11,563,084 | 10,282,867 | 5,951,932 | 2,353,843 | 1,024,162 |
| Stock | 1,593,665 | -3,925,719 | -1,219,614 | 6,808,562 | 1,641,533 | 0 | 0 |
| Debtors | -1,554,040 | 4,122,824 | -8,381,765 | 4,321,210 | 7,891,253 | 2,476,874 | 1,330,741 |
| Creditors | -6,282,165 | 21,892,481 | -1,505,131 | 2,293,474 | 1,150,986 | 1,286,595 | 148,030 |
| Accruals and Deferred Income | 0 | -11,325,857 | -26,920 | 4,011,433 | 6,562,405 | 436,585 | 342,354 |
| Deferred Taxes & Provisions | -2,028,294 | 7,246,160 | 5,288,812 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -131,143,539 | -82,349,551 | -72,954,314 | -61,985,938 | -41,318,296 | -14,229,961 | -6,746,657 |
| Investing Activities | |||||||
| capital expenditure | 0 | -6,368,991 | -2,118,232 | -283,837 | |||
| Change in Investments | 0 | 0 | -1 | 0 | 1 | 0 | 0 |
| cash flow from investments | 0 | -6,368,992 | -2,118,232 | -283,837 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -60,118 | 60,118 | 0 | 0 | 0 | 0 |
| Long term loans | -12,121,060 | 10,764,526 | 18,191,566 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -5,571,847 | 8,362,762 | 12,374,684 | 0 | 0 | 0 | 0 |
| other long term liabilities | -460,021 | 914,530 | -256,485 | -69,465 | 325,950 | 0 | 0 |
| share issue | |||||||
| interest | 408,663 | -654,970 | 622,308 | 2,790,561 | 746,936 | 4,723 | 0 |
| cash flow from financing | -9,927,814 | 210,975,022 | 188,841,219 | 23,970,698 | 152,128,319 | 70,454,738 | 23,308,551 |
| cash and cash equivalents | |||||||
| cash | 11,198,211 | 14,625,253 | 57,008,877 | -131,910,936 | 102,803,827 | 54,087,297 | 16,278,057 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,198,211 | 14,625,253 | 57,008,877 | -131,910,936 | 102,803,827 | 54,087,297 | 16,278,057 |
graphcore limited Credit Report and Business Information
Graphcore Limited Competitor Analysis
Perform a competitor analysis for graphcore limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
graphcore limited Ownership
GRAPHCORE LIMITED group structure
Graphcore Limited has no subsidiary companies.
Ultimate parent company
GRAPHCORE LIMITED
10185006
graphcore limited directors
Graphcore Limited currently has 5 directors. The longest serving directors include Mr Nigel Toon (May 2016) and Ippei Mimura (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Toon | England | 60 years | May 2016 | - | Director |
| Ippei Mimura | 55 years | Jul 2024 | - | Director | |
| Mr Kiran Kazmi | 32 years | Jul 2024 | - | Director | |
| Mr Simon Knowles | England | 63 years | Jul 2024 | - | Director |
| Mr Jared Roscoe | 41 years | Jul 2024 | - | Director |
P&L
December 2022turnover
2.1m
-47%
operating profit
-136.1m
+3%
gross margin
63.1%
-1508.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
127.8m
-0.54%
total assets
167.7m
-0.49%
cash
124.1m
+0.1%
net assets
Total assets minus all liabilities
Similar Companies
graphcore limited company details
company number
10185006
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
May 2016
age
8
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
9th floor, 107 cheapside, london, EC2V 6DN
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
graphcore 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 graphcore limited.
graphcore limited Companies House Filings - See Documents
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