marshmallow technology ltd
marshmallow technology ltd Company Information
Company Number
10473308
Website
marshmallow.comRegistered Address
1st floor the featherstone build, 66 city road, london, EC1Y 1BD
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
35 days late
Group Structure
View All
Shareholders
oliver kent-braham 23.5%
alexander kent-braham 23.5%
View Allmarshmallow technology ltd Estimated Valuation
Pomanda estimates the enterprise value of MARSHMALLOW TECHNOLOGY LTD at £96.1m based on a Turnover of £105.5m and 0.91x industry multiple (adjusted for size and gross margin).
marshmallow technology ltd Estimated Valuation
Pomanda estimates the enterprise value of MARSHMALLOW TECHNOLOGY LTD at £0 based on an EBITDA of £-15.4m and a 6.36x industry multiple (adjusted for size and gross margin).
marshmallow technology ltd Estimated Valuation
Pomanda estimates the enterprise value of MARSHMALLOW TECHNOLOGY LTD at £102.4m based on Net Assets of £44.4m and 2.3x industry multiple (adjusted for liquidity).
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Marshmallow Technology Ltd Overview
Marshmallow Technology Ltd is a live company located in london, EC1Y 1BD with a Companies House number of 10473308. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2016, it's largest shareholder is oliver kent-braham with a 23.5% stake. Marshmallow Technology Ltd is a young, mega sized company, Pomanda has estimated its turnover at £105.5m with rapid growth in recent years.
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Marshmallow Technology Ltd Health Check
Pomanda's financial health check has awarded Marshmallow Technology Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £105.5m, make it larger than the average company (£6.5m)
£105.5m - Marshmallow Technology Ltd
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 217%, show it is growing at a faster rate (5.4%)
- Marshmallow Technology Ltd
5.4% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (51.9%)
9% - Marshmallow Technology Ltd
51.9% - Industry AVG
Profitability
an operating margin of -15% make it less profitable than the average company (3.7%)
-15% - Marshmallow Technology Ltd
3.7% - Industry AVG
Employees
with 231 employees, this is above the industry average (42)
231 - Marshmallow Technology Ltd
42 - Industry AVG
Pay Structure
on an average salary of £63.3k, the company has an equivalent pay structure (£68k)
£63.3k - Marshmallow Technology Ltd
£68k - Industry AVG
Efficiency
resulting in sales per employee of £456.6k, this is more efficient (£163k)
£456.6k - Marshmallow Technology Ltd
£163k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Marshmallow Technology Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (36 days)
5 days - Marshmallow Technology Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Marshmallow Technology Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Marshmallow Technology Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.7%, this is a higher level of debt than the average (63.8%)
78.7% - Marshmallow Technology Ltd
63.8% - Industry AVG
MARSHMALLOW TECHNOLOGY LTD financials
Marshmallow Technology Ltd's latest turnover from December 2022 is £105.5 million and the company has net assets of £44.4 million. According to their latest financial statements, Marshmallow Technology Ltd has 231 employees and maintains cash reserves of £36 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 105,480,039 | 40,175,998 | 6,515,776 | |||
| Other Income Or Grants | 0 | 0 | 0 | |||
| Cost Of Sales | 95,995,871 | 43,109,572 | 3,825,757 | |||
| Gross Profit | 9,484,168 | -2,933,574 | 2,690,019 | |||
| Admin Expenses | 25,331,375 | 19,964,722 | 4,931,720 | |||
| Operating Profit | -15,847,207 | -22,898,296 | -2,241,701 | |||
| Interest Payable | 302,103 | 29 | 91,541 | |||
| Interest Receivable | 106,020 | 581 | 7,048 | |||
| Pre-Tax Profit | -16,364,538 | -22,969,135 | -2,326,194 | |||
| Tax | 304,298 | 193,464 | 286,516 | |||
| Profit After Tax | -16,060,240 | -22,775,671 | -2,039,678 | |||
| Dividends Paid | 0 | 0 | 0 | |||
| Retained Profit | -16,060,240 | -22,775,671 | -2,039,678 | |||
| Employee Costs | 14,623,138 | 7,512,684 | 3,100,944 | |||
| Number Of Employees | 231 | 129 | 50 | 32 | 8 | 2 |
| EBITDA* | -15,366,977 | -22,628,646 | -2,070,836 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 3,068,662 | 482,889 | 98,537 | 30,250 | 13,884 | 3,704 |
| Intangible Assets | 1,973,153 | 1,248,258 | 881,787 | 730,204 | 10,677 | 0 |
| Investments & Other | 0 | 0 | 0 | 25,000 | 25,000 | 1 |
| Debtors (Due After 1 year) | 695,751 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,737,566 | 1,731,147 | 980,324 | 785,454 | 49,561 | 3,705 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 6,000 | 0 | 0 | 1,043 | 0 |
| Group Debtors | 0 | 0 | 0 | 58,897 | 0 | 0 |
| Misc Debtors | 149,336,745 | 75,125,978 | 1,819,236 | 60,436 | 46,802 | 4,516 |
| Cash | 35,957,037 | 70,070,659 | 13,816,854 | 473,667 | 317,011 | 9,342 |
| misc current assets | 17,396,223 | 7,643,538 | 0 | 0 | 0 | 0 |
| total current assets | 202,690,005 | 152,846,175 | 15,636,090 | 593,000 | 364,856 | 13,858 |
| total assets | 208,427,571 | 154,577,322 | 16,616,414 | 1,378,454 | 414,417 | 17,563 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,358,317 | 1,131,972 | 270,693 | 107,085 | 3,169 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 155,057 | 30,057 | 65,057 |
| other short term finances | 3,338,149 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 158,979,025 | 95,815,441 | 1,606,403 | 852,948 | 61,436 | 5,055 |
| total current liabilities | 163,675,491 | 96,947,413 | 1,877,096 | 1,115,090 | 94,662 | 70,112 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 50,000 | 642,432 | 0 | 0 |
| provisions | 325,590 | 0 | 16,179 | 3,098 | 0 | 0 |
| total long term liabilities | 325,590 | 0 | 66,179 | 645,530 | 0 | 0 |
| total liabilities | 164,001,081 | 96,947,413 | 1,943,275 | 1,760,620 | 94,662 | 70,112 |
| net assets | 44,426,490 | 57,629,909 | 14,673,139 | -382,166 | 319,755 | -52,549 |
| total shareholders funds | 44,426,490 | 57,629,909 | 14,673,139 | -382,166 | 319,755 | -52,549 |
| Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -15,847,207 | -22,898,296 | -2,241,701 | |||
| Depreciation | 236,266 | 100,946 | 34,701 | 12,109 | 1,154 | 218 |
| Amortisation | 243,964 | 168,704 | 136,164 | 0 | 0 | 0 |
| Tax | 304,298 | 193,464 | 286,516 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 74,900,518 | 73,312,742 | 1,699,903 | 71,488 | 43,329 | 4,516 |
| Creditors | 226,345 | 861,279 | 163,608 | 103,916 | 3,169 | 0 |
| Accruals and Deferred Income | 63,163,584 | 94,209,038 | 753,455 | 791,512 | 56,381 | 5,055 |
| Deferred Taxes & Provisions | 325,590 | -16,179 | 13,081 | 3,098 | 0 | 0 |
| Cash flow from operations | -26,247,678 | -693,786 | -2,554,079 | |||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | |||
| Change in Investments | 0 | 0 | -25,000 | 0 | 24,999 | 1 |
| cash flow from investments | 0 | 0 | 25,000 | |||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -155,057 | 125,000 | -35,000 | 65,057 |
| Other Short Term Loans | 3,338,149 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -50,000 | -592,432 | 642,432 | 0 | 0 |
| share issue | ||||||
| interest | -196,083 | 552 | -84,493 | |||
| cash flow from financing | 5,998,887 | 65,682,993 | 16,263,001 | |||
| cash and cash equivalents | ||||||
| cash | -34,113,622 | 56,253,805 | 13,343,187 | 156,656 | 307,669 | 9,342 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -34,113,622 | 56,253,805 | 13,343,187 | 156,656 | 307,669 | 9,342 |
marshmallow technology ltd Credit Report and Business Information
Marshmallow Technology Ltd Competitor Analysis
Perform a competitor analysis for marshmallow technology ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC1Y area or any other competitors across 12 key performance metrics.
marshmallow technology ltd Ownership
MARSHMALLOW TECHNOLOGY LTD group structure
Marshmallow Technology Ltd has 3 subsidiary companies.
Ultimate parent company
MARSHMALLOW TECHNOLOGY LTD
10473308
3 subsidiaries
marshmallow technology ltd directors
Marshmallow Technology Ltd currently has 6 directors. The longest serving directors include Mr Oliver Kent-Braham (Nov 2016) and Mr Alexander Kent-Braham (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver Kent-Braham | England | 33 years | Nov 2016 | - | Director |
| Mr Alexander Kent-Braham | England | 33 years | Nov 2016 | - | Director |
| Mr Bernard Kantor | United Kingdom | 75 years | Dec 2020 | - | Director |
| Ms Tanis Crosby | England | 41 years | Dec 2020 | - | Director |
| Miss Georgia Kent Braham | England | 31 years | Mar 2021 | - | Director |
| Mr Ben Griffiths | England | 41 years | Dec 2022 | - | Director |
P&L
December 2022turnover
105.5m
+163%
operating profit
-15.8m
-31%
gross margin
9%
-223.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
44.4m
-0.23%
total assets
208.4m
+0.35%
cash
36m
-0.49%
net assets
Total assets minus all liabilities
Similar Companies
marshmallow technology ltd company details
company number
10473308
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
November 2016
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
twin thinking ltd (February 2017)
accountant
-
auditor
ERNST & YOUNG LLP
address
1st floor the featherstone build, 66 city road, london, EC1Y 1BD
Bank
-
Legal Advisor
-
marshmallow technology 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 did not find charges/mortgages relating to marshmallow technology ltd.
marshmallow technology ltd Companies House Filings - See Documents
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