Pomanda estimates the enterprise value of BILLING BETTER LIMITED at £2.2m based on a Turnover of £2.6m and 0.86x industry multiple (adjusted for size and gross margin).
billing better limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of BILLING BETTER LIMITED at £0 based on an EBITDA of £-848.2k and a 4.61x industry multiple (adjusted for size and gross margin).
billing better limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of BILLING BETTER LIMITED at £0 based on Net Assets of £-980.2k and 2.41x industry multiple (adjusted for liquidity).
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Billing Better LimitedOverview
Billing Better Limited is a live company located in london, EC1V 2NX with a Companies House number of 10444812. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2016, it's largest shareholder is
homeservices holdings limited
with a 100% stake. Billing Better Limited is a young,
small sized company, Pomanda has estimated its turnover at
£2.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Billing Better Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.6m, make it larger than the average company (£1.2m)
£2.6m - Billing Better Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (8%)
58% - Billing Better Limited
8% - Industry AVG
Production
with a gross margin of 42%, this company has a comparable cost of product (42%)
42% - Billing Better Limited
42% - Industry AVG
Profitability
an operating margin of -33.1% make it less profitable than the average company (6.4%)
-33.1% - Billing Better Limited
6.4% - Industry AVG
Employees
with 43 employees, this is above the industry average (15)
43 - Billing Better Limited
15 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.6k)
£34.6k - Billing Better Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £60.7k, this is less efficient (£104.2k)
£60.7k - Billing Better Limited
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (31 days)
10 days - Billing Better Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 117 days, this is slower than average (40 days)
117 days - Billing Better Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Billing Better Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (37 weeks)
3 weeks - Billing Better Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 235%, this is a higher level of debt than the average (48.3%)
235% - Billing Better Limited
48.3% - Industry AVG
BILLING BETTER LIMITED financials
EXPORT
Billing Better Limited's latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of -£980.2 thousand. According to their latest financial statements, Billing Better Limited has 43 employees and maintains cash reserves of £110.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Turnover
2,611,148
1,795,156
1,073,992
658,095
147,368
65,696
Other Income Or Grants
Cost Of Sales
1,513,602
1,074,019
646,125
400,116
88,857
39,493
Gross Profit
1,097,546
721,137
427,867
257,979
58,511
26,204
Admin Expenses
1,961,270
732,297
483,035
306,984
55,558
22,784
-379
Operating Profit
-863,724
-11,160
-55,168
-49,005
2,953
3,420
379
Interest Payable
6,244
5,512
3,050
1,525
Interest Receivable
7,041
2,256
31
16
194
154
3
Pre-Tax Profit
-862,928
-14,416
-58,187
-50,514
3,147
3,574
381
Tax
-598
-679
-72
Profit After Tax
-862,928
-14,416
-58,187
-50,514
2,549
2,895
309
Dividends Paid
Retained Profit
-862,928
-14,416
-58,187
-50,514
2,549
2,895
309
Employee Costs
1,486,450
637,434
532,250
237,527
80,966
25,878
Number Of Employees
43
22
19
9
3
1
EBITDA*
-848,177
-10,183
-54,033
-47,773
4,292
4,620
379
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Tangible Assets
26,085
258
519
777
1,037
Intangible Assets
110,703
7,157
7,873
8,748
9,720
10,800
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
136,788
7,415
8,392
9,525
10,757
10,800
Stock & work in progress
Trade Debtors
77,966
Group Debtors
Misc Debtors
401,435
5,474
929
323
Cash
110,117
158,093
42,409
19,705
12,989
38,832
2,345
misc current assets
92
total current assets
589,518
158,185
42,409
25,179
13,918
39,155
2,345
total assets
726,306
165,600
50,801
34,704
24,675
49,955
2,345
Bank overdraft
Bank loan
Trade Creditors
486,332
103,748
4,000
12,000
Group/Directors Accounts
700,030
other short term finances
9,444
41,330
hp & lease commitments
other current liabilities
486,217
199,349
29,464
14,921
34,750
2,035
total current liabilities
1,682,023
240,679
103,748
29,464
18,921
46,750
2,035
loans
17,954
42,284
50,000
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
6,521
total long term liabilities
24,475
42,284
50,000
50,000
total liabilities
1,706,498
282,963
153,748
79,464
18,921
46,750
2,035
net assets
-980,192
-117,363
-102,947
-44,760
5,754
3,205
310
total shareholders funds
-980,192
-117,363
-102,947
-44,760
5,754
3,205
310
Dec 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Operating Activities
Operating Profit
-863,724
-11,160
-55,168
-49,005
2,953
3,420
379
Depreciation
3,004
261
260
260
259
Amortisation
12,543
716
875
972
1,080
1,200
Tax
-598
-679
-72
Stock
Debtors
479,401
-5,474
4,545
606
323
Creditors
486,332
-103,748
103,748
-4,000
-8,000
12,000
Accruals and Deferred Income
286,868
199,349
-29,464
14,543
-19,829
32,715
2,035
Deferred Taxes & Provisions
6,521
Cash flow from operations
-547,857
85,418
25,725
-41,775
-24,741
48,333
2,342
Investing Activities
capital expenditure
-144,920
-2
-1,296
-12,000
Change in Investments
cash flow from investments
-144,920
-2
-1,296
-12,000
Financing Activities
Bank loans
Group/Directors Accounts
700,030
Other Short Term Loans
-31,886
41,330
Long term loans
-24,330
-7,716
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
99
1
interest
797
-3,256
-3,019
-1,509
194
154
3
cash flow from financing
644,710
30,358
-3,019
48,491
194
154
4
cash and cash equivalents
cash
-47,976
115,684
22,704
6,716
-25,843
36,487
2,345
overdraft
change in cash
-47,976
115,684
22,704
6,716
-25,843
36,487
2,345
billing better 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 billing better limited. Get real-time insights into billing better limited's credit score, group structure and payment trends.
Perform a competitor analysis for billing better limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in EC1V area or any other competitors across 12 key performance metrics.
billing better limited Ownership
BILLING BETTER LIMITED group structure
Billing Better Limited has no subsidiary companies.
Ultimate parent company
BILLING BETTER LIMITED
10444812
BILLING BETTER LIMITED Shareholders
The sole shareholder of Billing Better Limited is Homeservices Holdings Limited.
homeservices holdings limited
100%
billing better limited directors
Billing Better Limited currently has 3 directors.
The longest serving directors include
Mr Jack Ray (Oct 2016) and
Mr William Hyde (Oct 2016).
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 billing better limited.
billing better 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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billing better limitedCompanies House Filings - See Documents
