credas technologies ltd.
credas technologies ltd. Company Information
Company Number
10429398
Website
www.credassolutions.comRegistered Address
the maltings, east tyndall street, cardiff bay, CF24 5EA
Industry
Web portals
Wired telecommunications activities
Telephone
02920102555
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
dye & durham (uk) holdings limited 100%
credas technologies ltd. Estimated Valuation
Pomanda estimates the enterprise value of CREDAS TECHNOLOGIES LTD. at £3.5m based on a Turnover of £3.9m and 0.89x industry multiple (adjusted for size and gross margin).
credas technologies ltd. Estimated Valuation
Pomanda estimates the enterprise value of CREDAS TECHNOLOGIES LTD. at £0 based on an EBITDA of £-671.3k and a 4.36x industry multiple (adjusted for size and gross margin).
credas technologies ltd. Estimated Valuation
Pomanda estimates the enterprise value of CREDAS TECHNOLOGIES LTD. at £0 based on Net Assets of £-3.1m and 2.45x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Credas Technologies Ltd. Overview
Credas Technologies Ltd. is a live company located in cardiff bay, CF24 5EA with a Companies House number of 10429398. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in October 2016, it's largest shareholder is dye & durham (uk) holdings limited with a 100% stake. Credas Technologies Ltd. is a young, small sized company, Pomanda has estimated its turnover at £3.9m with rapid growth in recent years.
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Credas Technologies Ltd. Health Check
Pomanda's financial health check has awarded Credas Technologies Ltd. a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
4 Weak
Size
annual sales of £3.9m, make it in line with the average company (£4.5m)
- Credas Technologies Ltd.
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 83%, show it is growing at a faster rate (7.9%)
- Credas Technologies Ltd.
7.9% - Industry AVG
Production
with a gross margin of 49.6%, this company has a comparable cost of product (49.6%)
- Credas Technologies Ltd.
49.6% - Industry AVG
Profitability
an operating margin of -25.5% make it less profitable than the average company (3.2%)
- Credas Technologies Ltd.
3.2% - Industry AVG
Employees
with 40 employees, this is similar to the industry average (36)
40 - Credas Technologies Ltd.
36 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)
- Credas Technologies Ltd.
£58.7k - Industry AVG
Efficiency
resulting in sales per employee of £98.4k, this is less efficient (£146.6k)
- Credas Technologies Ltd.
£146.6k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (48 days)
- Credas Technologies Ltd.
48 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (44 days)
- Credas Technologies Ltd.
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Credas Technologies Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Credas Technologies Ltd.
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 172.4%, this is a higher level of debt than the average (63.4%)
172.4% - Credas Technologies Ltd.
63.4% - Industry AVG
CREDAS TECHNOLOGIES LTD. financials
Credas Technologies Ltd.'s latest turnover from September 2023 is estimated at £3.9 million and the company has net assets of -£3.1 million. According to their latest financial statements, Credas Technologies Ltd. has 40 employees and maintains cash reserves of £83.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 40 | 42 | 6 | 8 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,388 | 36,912 | 28,730 | 15,022 | 6,714 | 2,952 | 1,253 |
| Intangible Assets | 2,884,448 | 2,496,074 | 1,343,394 | 834,182 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 13,097 | 12,898 | 59,811 | 0 |
| Total Fixed Assets | 2,924,836 | 2,532,986 | 1,372,124 | 862,301 | 19,612 | 62,763 | 1,253 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 477,425 | 531,408 | 201,967 | 62,059 | 46,727 | 0 | 1,680 |
| Group Debtors | 76,600 | 72,417 | 564,011 | 502,608 | 243,341 | 0 | 0 |
| Misc Debtors | 707,860 | 208,747 | 60,417 | 75,670 | 82,187 | 169,337 | 131,732 |
| Cash | 83,197 | 32,724 | 63,249 | 151,339 | 125,402 | 40,832 | 99,931 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,345,082 | 845,296 | 889,644 | 791,676 | 497,657 | 210,169 | 233,343 |
| total assets | 4,269,918 | 3,378,282 | 2,261,768 | 1,653,977 | 517,269 | 272,932 | 234,596 |
| Bank overdraft | 0 | 0 | 9,566 | 0 | 0 | 0 | 0 |
| Bank loan | 10,056 | 9,808 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 524,618 | 244,162 | 214,401 | 242,460 | 39,275 | 34,586 | 3,492 |
| Group/Directors Accounts | 5,661,946 | 4,617,376 | 3,646,998 | 3,305,517 | 1,958,139 | 862,769 | 568,000 |
| other short term finances | 99,306 | 83,930 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 518,862 | 557,000 | 186,696 | 73,677 | 74,735 | 53,654 | 3,237 |
| total current liabilities | 6,814,788 | 5,512,276 | 4,057,661 | 3,621,654 | 2,072,149 | 951,009 | 574,729 |
| loans | 18,215 | 28,271 | 38,080 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 527,378 | 508,382 | 216,443 | 0 | 0 | 0 | 0 |
| total long term liabilities | 545,593 | 536,653 | 254,523 | 0 | 0 | 0 | 0 |
| total liabilities | 7,360,381 | 6,048,929 | 4,312,184 | 3,621,654 | 2,072,149 | 951,009 | 574,729 |
| net assets | -3,090,463 | -2,670,647 | -2,050,416 | -1,967,677 | -1,554,880 | -678,077 | -340,133 |
| total shareholders funds | -3,090,463 | -2,670,647 | -2,050,416 | -1,967,677 | -1,554,880 | -678,077 | -340,133 |
| Sep 2023 | Sep 2022 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 13,230 | 10,358 | 7,628 | 3,657 | 1,012 | 155 | 98 |
| Amortisation | 317,869 | 212,940 | 84,091 | 6,726 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 449,313 | -13,823 | 172,961 | 268,281 | 156,005 | 95,736 | 133,412 |
| Creditors | 280,456 | 29,761 | -28,059 | 203,185 | 4,689 | 31,094 | 3,492 |
| Accruals and Deferred Income | -38,138 | 370,304 | 113,019 | -1,058 | 21,081 | 50,417 | 3,237 |
| Deferred Taxes & Provisions | 18,996 | 291,939 | 216,443 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 248 | 9,808 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,044,570 | 970,378 | 341,481 | 1,347,378 | 1,095,370 | 294,769 | 568,000 |
| Other Short Term Loans | 15,376 | 83,930 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,056 | -9,809 | 38,080 | 0 | 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 | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 50,473 | -30,525 | -88,090 | 25,937 | 84,570 | -59,099 | 99,931 |
| overdraft | 0 | -9,566 | 9,566 | 0 | 0 | 0 | 0 |
| change in cash | 50,473 | -20,959 | -97,656 | 25,937 | 84,570 | -59,099 | 99,931 |
credas technologies ltd. Credit Report and Business Information
Credas Technologies Ltd. Competitor Analysis
Perform a competitor analysis for credas technologies ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
credas technologies ltd. Ownership
CREDAS TECHNOLOGIES LTD. group structure
Credas Technologies Ltd. has no subsidiary companies.
Ultimate parent company
DYE & DURHAM CORPORATION
#0118932
2 parents
CREDAS TECHNOLOGIES LTD.
10429398
credas technologies ltd. directors
Credas Technologies Ltd. currently has 2 directors. The longest serving directors include Mr Frank Di Liso (Nov 2023) and Mr Wojciech Dabrowski (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Frank Di Liso | United Kingdom | 49 years | Nov 2023 | - | Director |
| Mr Wojciech Dabrowski | Canada | 43 years | Jan 2024 | - | Director |
P&L
September 2023turnover
3.9m
+2%
operating profit
-1m
0%
gross margin
49.6%
-9.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-3.1m
+0.16%
total assets
4.3m
+0.26%
cash
83.2k
+1.54%
net assets
Total assets minus all liabilities
Similar Companies
credas technologies ltd. company details
company number
10429398
Type
Private limited with Share Capital
industry
63120 - Web portals
61100 - Wired telecommunications activities
61200 - Wireless telecommunications activities
incorporation date
October 2016
age
8
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
the maltings, east tyndall street, cardiff bay, CF24 5EA
last accounts submitted
September 2023
credas technologies 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 1 charges/mortgages relating to credas technologies ltd.. Currently there are 0 open charges and 1 have been satisfied in the past.
credas technologies ltd. Companies House Filings - See Documents
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