Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £2.7m based on a Turnover of £2.4m and 1.09x industry multiple (adjusted for size and gross margin).
seccl technology limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £0 based on an EBITDA of £-17.8m and a 6.65x industry multiple (adjusted for size and gross margin).
seccl technology limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SECCL TECHNOLOGY LIMITED at £0 based on Net Assets of £-34.1m and 2.38x industry multiple (adjusted for liquidity).
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Seccl Technology LimitedOverview
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
£2.4m with
rapid
growth in recent years.
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
Health Rating3out of 5
5 Strong
0 Regular
5 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£4m)
£2.4m - Seccl Technology Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (11.4%)
70% - Seccl Technology Limited
11.4% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (73%)
100% - Seccl Technology Limited
73% - Industry AVG
Profitability
an operating margin of -733.4% make it less profitable than the average company (4%)
-733.4% - Seccl Technology Limited
4% - Industry AVG
Employees
with 131 employees, this is above the industry average (36)
131 - Seccl Technology Limited
36 - Industry AVG
Pay Structure
on an average salary of £124.5k, the company has a higher pay structure (£68.7k)
£124.5k - Seccl Technology Limited
£68.7k - Industry AVG
Efficiency
resulting in sales per employee of £18.7k, this is less efficient (£123.1k)
£18.7k - Seccl Technology Limited
£123.1k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (58 days)
4 days - Seccl Technology Limited
58 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 88 weeks, this is more cash available to meet short term requirements (17 weeks)
88 weeks - Seccl Technology Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 300.5%, this is a higher level of debt than the average (59.9%)
300.5% - Seccl Technology Limited
59.9% - Industry AVG
SECCL TECHNOLOGY LIMITED financials
EXPORT
Seccl Technology Limited's latest turnover from April 2024 is £2.4 million and the company has net assets of -£34.1 million. According to their latest financial statements, Seccl Technology Limited has 131 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Dec 2018
Dec 2017
Jun 2017
Turnover
2,448,903
1,632,902
954,523
495,968
242,890
18,158
185,347
Other Income Or Grants
Cost Of Sales
131,182
28,621
48,454
Gross Profit
2,448,903
1,632,902
954,523
495,968
111,708
-10,463
136,893
Admin Expenses
20,408,309
10,292,372
6,029,646
3,547,946
1,974,809
781,164
234,902
90,021
Operating Profit
-17,959,406
-8,659,470
-5,075,123
-3,051,978
-1,863,101
-791,627
-234,902
46,872
Interest Payable
4,266,659
2,443,382
1,274,535
511,081
87,947
8,667
Interest Receivable
Pre-Tax Profit
-22,226,065
-11,102,852
-6,349,658
-3,563,059
-1,951,048
-800,294
-234,902
46,872
Tax
5,571,440
2,161,807
1,211,232
648,331
170,750
215,053
-8,906
Profit After Tax
-16,654,625
-8,941,045
-5,138,426
-2,914,728
-1,780,298
-585,241
-234,902
37,966
Dividends Paid
Retained Profit
-16,654,625
-8,941,045
-5,138,426
-2,914,728
-1,780,298
-585,241
-234,902
37,966
Employee Costs
16,309,723
8,137,298
4,729,261
2,679,116
1,006,825
448,607
110,346
114,181
Number Of Employees
131
103
76
41
15
12
9
2
EBITDA*
-17,795,526
-8,563,179
-5,018,721
-3,022,558
-1,851,694
-787,520
-234,018
46,872
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Dec 2018
Dec 2017
Jun 2017
Tangible Assets
273,133
218,515
134,841
73,728
45,467
12,064
5,802
1,668
Intangible Assets
Investments & Other
8,150,000
5,300,000
3,300,000
1,900,000
850,000
500,000
12,719
Debtors (Due After 1 year)
126,266
117,466
1,328,198
775,139
73,466
Total Fixed Assets
8,549,399
5,635,981
4,763,039
2,748,867
968,933
512,064
5,802
14,387
Stock & work in progress
Trade Debtors
28,422
13,139
4,800
5,132
243
38,163
Group Debtors
237,668
263,876
317,121
31,492
19,180
Misc Debtors
6,392,281
4,194,391
906,203
141,063
249,487
293,482
26,262
Cash
1,797,657
1,054,962
508,232
1,008,890
835,941
277,574
45,964
misc current assets
total current assets
8,456,028
5,526,368
1,736,356
1,186,577
1,104,851
571,056
72,226
38,163
total assets
17,005,427
11,162,349
6,499,395
3,935,444
2,073,784
1,083,120
78,028
52,550
Bank overdraft
Bank loan
Trade Creditors
100,506
105,197
14,282
3,767
193,753
18,896
450
14,584
Group/Directors Accounts
4,758
224,115
other short term finances
hp & lease commitments
other current liabilities
950,033
726,780
438,121
320,556
120,725
244,226
91,255
total current liabilities
1,050,539
831,977
457,161
324,323
314,478
487,237
91,705
14,584
loans
50,058,018
27,822,412
14,633,133
7,063,593
2,297,050
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
39,903
total long term liabilities
50,058,018
27,862,315
14,633,133
7,063,593
2,297,050
total liabilities
51,108,557
28,694,292
15,090,294
7,387,916
2,611,528
487,237
91,705
14,584
net assets
-34,103,130
-17,531,943
-8,590,899
-3,452,472
-537,744
595,883
-13,677
37,966
total shareholders funds
-34,103,130
-17,531,943
-8,590,899
-3,452,472
-537,744
595,883
-13,677
37,966
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Dec 2018
Dec 2017
Jun 2017
Operating Activities
Operating Profit
-17,959,406
-8,659,470
-5,075,123
-3,051,978
-1,863,101
-791,627
-234,902
46,872
Depreciation
163,880
96,291
56,402
29,420
11,407
4,107
884
Amortisation
Tax
5,571,440
2,161,807
1,211,232
648,331
170,750
215,053
-8,906
Stock
Debtors
2,195,765
2,032,550
1,603,496
610,450
342,376
267,220
26,262
38,163
Creditors
-4,691
90,915
10,515
-189,986
193,753
18,446
450
14,584
Accruals and Deferred Income
223,253
288,659
117,565
199,831
120,725
152,971
91,255
Deferred Taxes & Provisions
-39,903
39,903
Cash flow from operations
-14,241,192
-8,014,445
-5,282,905
-2,974,832
-1,708,842
-668,270
-168,575
14,387
Investing Activities
capital expenditure
-218,498
-179,965
-117,515
-57,681
-56,874
-510,369
-5,018
-1,668
Change in Investments
2,850,000
2,000,000
1,400,000
1,050,000
850,000
500,000
12,719
cash flow from investments
-3,068,498
-2,179,965
-1,517,515
-1,107,681
-906,874
-1,010,369
-5,018
-14,387
Financing Activities
Bank loans
Group/Directors Accounts
-4,758
4,758
224,115
Other Short Term Loans
Long term loans
22,235,606
13,189,279
7,569,540
4,766,543
2,297,050
Hire Purchase and Lease Commitments
other long term liabilities
share issue
83,438
1
-1
1,242,554
1,194,801
221,225
interest
-4,266,659
-2,443,382
-1,274,535
-511,081
-87,947
-8,667
cash flow from financing
18,052,385
10,741,140
6,299,762
4,255,462
3,451,657
1,410,249
221,225
cash and cash equivalents
cash
742,695
546,730
-500,658
172,949
835,941
231,610
45,964
overdraft
change in cash
742,695
546,730
-500,658
172,949
835,941
231,610
45,964
seccl 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 seccl technology limited. Get real-time insights into seccl technology limited's credit score, group structure and payment trends.
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seccl technology limited Ownership
SECCL TECHNOLOGY LIMITED group structure
Seccl Technology Limited has 1 subsidiary company.
The sole shareholder of Seccl Technology Limited is Octopus Platform Holdings Limited.
octopus platform holdings limited
100%
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).
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 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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seccl technology limitedCompanies House Filings - See Documents
