seccl technology limited
seccl technology limited Company Information
Company Number
10237930
Website
www.seccl.techRegistered Address
20 manvers street, bath, BA1 1JW
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
octopus platform holdings limited 100%
seccl technology limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £1.5m based on a Turnover of £1.6m and 0.94x industry multiple (adjusted for size and gross margin).
seccl technology limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £0 based on an EBITDA of £-8.6m and a 6.6x industry multiple (adjusted for size and gross margin).
seccl technology limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £0 based on Net Assets of £-17.5m and 2.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Seccl Technology Limited Overview
Seccl Technology Limited is a live company located in bath, BA1 1JW with a Companies House number of 10237930. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2016, it's largest shareholder is octopus platform holdings limited with a 100% stake. Seccl Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £1.6m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Seccl Technology Limited Health Check
Pomanda's financial health check has awarded Seccl Technology Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£3m)
£1.6m - Seccl Technology Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 89%, show it is growing at a faster rate (8.5%)
89% - Seccl Technology Limited
8.5% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (72.1%)
100% - Seccl Technology Limited
72.1% - Industry AVG
Profitability
an operating margin of -530.3% make it less profitable than the average company (4.2%)
-530.3% - Seccl Technology Limited
4.2% - Industry AVG
Employees
with 103 employees, this is above the industry average (28)
103 - Seccl Technology Limited
28 - Industry AVG
Pay Structure
on an average salary of £79k, the company has a higher pay structure (£65.6k)
£79k - Seccl Technology Limited
£65.6k - Industry AVG
Efficiency
resulting in sales per employee of £15.9k, this is less efficient (£113.1k)
£15.9k - Seccl Technology Limited
£113.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (63 days)
2 days - Seccl Technology Limited
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Seccl Technology Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Seccl Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 65 weeks, this is more cash available to meet short term requirements (18 weeks)
65 weeks - Seccl Technology Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 257.1%, this is a higher level of debt than the average (60.7%)
257.1% - Seccl Technology Limited
60.7% - Industry AVG
SECCL TECHNOLOGY LIMITED financials
Seccl Technology Limited's latest turnover from April 2023 is £1.6 million and the company has net assets of -£17.5 million. According to their latest financial statements, Seccl Technology Limited has 103 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,632,902 | 954,523 | 495,968 | 242,890 | 18,158 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 0 | 0 | 131,182 | 28,621 | 0 | |
| Gross Profit | 1,632,902 | 954,523 | 495,968 | 111,708 | -10,463 | 0 | |
| Admin Expenses | 10,292,372 | 6,029,646 | 3,547,946 | 1,974,809 | 781,164 | 234,902 | |
| Operating Profit | -8,659,470 | -5,075,123 | -3,051,978 | -1,863,101 | -791,627 | -234,902 | |
| Interest Payable | 2,443,382 | 1,274,535 | 511,081 | 87,947 | 8,667 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -11,102,852 | -6,349,658 | -3,563,059 | -1,951,048 | -800,294 | -234,902 | |
| Tax | 2,161,807 | 1,211,232 | 648,331 | 170,750 | 215,053 | 0 | |
| Profit After Tax | -8,941,045 | -5,138,426 | -2,914,728 | -1,780,298 | -585,241 | -234,902 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -8,941,045 | -5,138,426 | -2,914,728 | -1,780,298 | -585,241 | -234,902 | |
| Employee Costs | 8,137,298 | 4,729,261 | 2,679,116 | 1,006,825 | 448,607 | 110,346 | |
| Number Of Employees | 103 | 76 | 41 | 15 | 12 | 9 | |
| EBITDA* | -8,563,180 | -5,018,721 | -3,022,558 | -1,851,694 | -787,520 | -234,018 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 218,515 | 134,841 | 73,728 | 45,467 | 12,064 | 5,802 | 1,668 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,300,000 | 3,300,000 | 1,900,000 | 850,000 | 500,000 | 0 | 12,719 |
| Debtors (Due After 1 year) | 117,466 | 1,328,198 | 775,139 | 73,466 | 0 | 0 | 0 |
| Total Fixed Assets | 5,635,981 | 4,763,039 | 2,748,867 | 968,933 | 512,064 | 5,802 | 14,387 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 13,139 | 4,800 | 5,132 | 243 | 0 | 0 | 38,163 |
| Group Debtors | 263,876 | 317,121 | 31,492 | 19,180 | 0 | 0 | 0 |
| Misc Debtors | 4,194,391 | 906,203 | 141,063 | 249,487 | 293,482 | 26,262 | 0 |
| Cash | 1,054,962 | 508,232 | 1,008,890 | 835,941 | 277,574 | 45,964 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,526,368 | 1,736,356 | 1,186,577 | 1,104,851 | 571,056 | 72,226 | 38,163 |
| total assets | 11,162,349 | 6,499,395 | 3,935,444 | 2,073,784 | 1,083,120 | 78,028 | 52,550 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 105,197 | 14,282 | 3,767 | 193,753 | 18,896 | 450 | 14,584 |
| Group/Directors Accounts | 0 | 4,758 | 0 | 0 | 224,115 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 726,780 | 438,121 | 320,556 | 120,725 | 244,226 | 91,255 | 0 |
| total current liabilities | 831,977 | 457,161 | 324,323 | 314,478 | 487,237 | 91,705 | 14,584 |
| loans | 27,822,412 | 14,633,133 | 7,063,593 | 2,297,050 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 39,903 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,862,315 | 14,633,133 | 7,063,593 | 2,297,050 | 0 | 0 | 0 |
| total liabilities | 28,694,292 | 15,090,294 | 7,387,916 | 2,611,528 | 487,237 | 91,705 | 14,584 |
| net assets | -17,531,943 | -8,590,899 | -3,452,472 | -537,744 | 595,883 | -13,677 | 37,966 |
| total shareholders funds | -17,531,943 | -8,590,899 | -3,452,472 | -537,744 | 595,883 | -13,677 | 37,966 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -8,659,470 | -5,075,123 | -3,051,978 | -1,863,101 | -791,627 | -234,902 | |
| Depreciation | 96,290 | 56,402 | 29,420 | 11,407 | 4,107 | 884 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 2,161,807 | 1,211,232 | 648,331 | 170,750 | 215,053 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,032,550 | 1,603,496 | 610,450 | 342,376 | 267,220 | 26,262 | 38,163 |
| Creditors | 90,915 | 10,515 | -189,986 | 193,753 | 18,446 | 450 | 14,584 |
| Accruals and Deferred Income | 328,562 | 117,565 | 199,831 | 120,725 | 152,971 | 91,255 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -8,014,446 | -5,282,905 | -2,974,832 | -1,708,842 | -668,270 | -168,575 | |
| Investing Activities | |||||||
| capital expenditure | -510,369 | -5,018 | |||||
| Change in Investments | 2,000,000 | 1,400,000 | 1,050,000 | 850,000 | 500,000 | 0 | 12,719 |
| cash flow from investments | -1,010,369 | -5,018 | |||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -4,758 | 4,758 | 0 | 0 | 224,115 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 13,189,279 | 7,569,540 | 4,766,543 | 2,297,050 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -2,443,382 | -1,274,535 | -511,081 | -87,947 | -8,667 | 0 | |
| cash flow from financing | 10,741,140 | 6,299,762 | 4,255,462 | 3,451,657 | 1,410,249 | 221,225 | |
| cash and cash equivalents | |||||||
| cash | 546,730 | -500,658 | 172,949 | 835,941 | 231,610 | 45,964 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 546,730 | -500,658 | 172,949 | 835,941 | 231,610 | 45,964 | 0 |
seccl technology limited Credit Report and Business Information
Seccl Technology Limited Competitor Analysis
Perform a competitor analysis for seccl technology limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
seccl technology limited Ownership
SECCL TECHNOLOGY LIMITED group structure
Seccl Technology Limited has 1 subsidiary company.
Ultimate parent company
2 parents
SECCL TECHNOLOGY LIMITED
10237930
1 subsidiary
seccl technology limited directors
Seccl Technology Limited currently has 2 directors. The longest serving directors include Ms Ruth Handcock (Sep 2019) and Mr David Ferguson (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Ruth Handcock | England | 44 years | Sep 2019 | - | Director |
| Mr David Ferguson | England | 54 years | Apr 2022 | - | Director |
P&L
April 2023turnover
1.6m
+71%
operating profit
-8.7m
+71%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-17.5m
+1.04%
total assets
11.2m
+0.72%
cash
1.1m
+1.08%
net assets
Total assets minus all liabilities
Similar Companies
seccl technology limited company details
company number
10237930
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
June 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
20 manvers street, bath, BA1 1JW
last accounts submitted
April 2023
seccl 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 seccl technology limited.
seccl technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
