finbourne technology limited
finbourne technology limited Company Information
Company Number
10539696
Website
-Registered Address
1 carter lane, london, EC4V 5ER
Industry
Business and domestic software development
Telephone
442038828766
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
thomas mchugh 16.8%
hs investments ft limited 12.3%
View Allfinbourne technology limited Estimated Valuation
Pomanda estimates the enterprise value of FINBOURNE TECHNOLOGY LIMITED at £14.2m based on a Turnover of £13.9m and 1.02x industry multiple (adjusted for size and gross margin).
finbourne technology limited Estimated Valuation
Pomanda estimates the enterprise value of FINBOURNE TECHNOLOGY LIMITED at £0 based on an EBITDA of £-6.7m and a 7.13x industry multiple (adjusted for size and gross margin).
finbourne technology limited Estimated Valuation
Pomanda estimates the enterprise value of FINBOURNE TECHNOLOGY LIMITED at £7.2m based on Net Assets of £3.2m and 2.26x industry multiple (adjusted for liquidity).
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Finbourne Technology Limited Overview
Finbourne Technology Limited is a live company located in london, EC4V 5ER with a Companies House number of 10539696. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2016, it's largest shareholder is thomas mchugh with a 16.8% stake. Finbourne Technology Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.9m with rapid growth in recent years.
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Finbourne Technology Limited Health Check
Pomanda's financial health check has awarded Finbourne Technology Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £13.9m, make it larger than the average company (£3.7m)
£13.9m - Finbourne Technology Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (7.6%)
- Finbourne Technology Limited
7.6% - Industry AVG
Production
with a gross margin of 70.7%, this company has a comparable cost of product (72.1%)
70.7% - Finbourne Technology Limited
72.1% - Industry AVG
Profitability
an operating margin of -67.4% make it less profitable than the average company (3.6%)
-67.4% - Finbourne Technology Limited
3.6% - Industry AVG
Employees
with 161 employees, this is above the industry average (33)
161 - Finbourne Technology Limited
33 - Industry AVG
Pay Structure
on an average salary of £95.6k, the company has a higher pay structure (£67.6k)
£95.6k - Finbourne Technology Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £86.6k, this is less efficient (£114.5k)
£86.6k - Finbourne Technology Limited
£114.5k - Industry AVG
Debtor Days
it gets paid by customers after 148 days, this is later than average (60 days)
148 days - Finbourne Technology Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (47 days)
92 days - Finbourne Technology Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Finbourne Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (19 weeks)
12 weeks - Finbourne Technology Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.5%, this is a higher level of debt than the average (62.2%)
79.5% - Finbourne Technology Limited
62.2% - Industry AVG
finbourne technology limited Credit Report and Business Information
Finbourne Technology Limited Competitor Analysis
Perform a competitor analysis for finbourne technology limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
finbourne technology limited Ownership
FINBOURNE TECHNOLOGY LIMITED group structure
Finbourne Technology Limited has no subsidiary companies.
Ultimate parent company
FINBOURNE TECHNOLOGY LIMITED
10539696
finbourne technology limited directors
Finbourne Technology Limited currently has 8 directors. The longest serving directors include Mr Dermot Shortt (Dec 2016) and Mr Thomas McHugh (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dermot Shortt | England | 52 years | Dec 2016 | - | Director |
| Mr Thomas McHugh | England | 46 years | Dec 2016 | - | Director |
| Mr Lawson Emanuel | England | 32 years | Apr 2021 | - | Director |
| Mr Christopher Farrell | England | 47 years | Feb 2022 | - | Director |
| Mr Roger O'Hara | 55 years | May 2022 | - | Director | |
| Mr Roger O'Hara | England | 37 years | May 2022 | - | Director |
| Mr William Prendergast | Ireland | 46 years | Jul 2022 | - | Director |
| Mr William Prendergast | England | 46 years | Jul 2022 | - | Director |
FINBOURNE TECHNOLOGY LIMITED financials
Finbourne Technology Limited's latest turnover from December 2022 is £13.9 million and the company has net assets of £3.2 million. According to their latest financial statements, Finbourne Technology Limited has 161 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 13,943,182 | 11,650,322 | 6,777,506 | |||
| Other Income Or Grants | 0 | 0 | 0 | |||
| Cost Of Sales | 4,092,758 | 2,803,607 | 1,805,875 | |||
| Gross Profit | 9,850,424 | 8,846,715 | 4,971,631 | |||
| Admin Expenses | 8,053,207 | |||||
| Operating Profit | -3,081,576 | |||||
| Interest Payable | 9,365 | 4,716 | 0 | |||
| Interest Receivable | 12,190 | 4,726 | 14,822 | |||
| Pre-Tax Profit | -11,515,792 | -5,097,393 | -3,066,754 | |||
| Tax | 2,379,660 | 0 | 254,697 | |||
| Profit After Tax | -9,136,132 | -5,097,393 | -2,812,057 | |||
| Dividends Paid | 0 | 0 | 0 | |||
| Retained Profit | -9,136,132 | -5,097,393 | -2,812,057 | |||
| Employee Costs | 15,391,894 | 10,970,789 | 7,357,862 | |||
| Number Of Employees | 161 | 108 | 69 | 43 | 21 | 8 |
| EBITDA* | -1,731,701 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 551,580 | 746,871 | 81,384 | 40,093 | 16,600 | 5,679 |
| Intangible Assets | 4,010,018 | 3,543,988 | 3,342,751 | 2,523,150 | 1,513,469 | 679,835 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,561,598 | 4,290,859 | 3,424,135 | 2,563,243 | 1,530,069 | 685,514 |
| Stock & work in progress | 0 | 0 | 0 | 120,000 | 0 | 0 |
| Trade Debtors | 5,657,265 | 2,487,664 | 1,146,420 | 846,437 | 2,787,391 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,511,848 | 1,096,795 | 364,510 | 944,317 | 290,854 | 252,889 |
| Cash | 2,806,845 | 12,127,469 | 5,385,955 | 10,068,010 | 1,627,034 | 1,058,574 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,975,958 | 15,711,928 | 6,896,885 | 11,978,764 | 4,705,279 | 1,311,463 |
| total assets | 15,537,556 | 20,002,787 | 10,321,020 | 14,542,007 | 6,235,348 | 1,996,977 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,036,635 | 373,487 | 286,414 | 117,261 | 33,385 | 7,955 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 353,404 | 234,587 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,728,159 | 6,270,407 | 5,824,811 | 5,750,724 | 2,361,833 | 53,932 |
| total current liabilities | 12,118,198 | 6,878,481 | 6,111,225 | 5,867,985 | 2,395,218 | 61,887 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 81,430 | 434,834 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 3,413,202 | 5,362,500 | 0 | 0 |
| other liabilities | 156,421 | 1,463,514 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 254,697 | 83,754 | 33,117 |
| total long term liabilities | 237,851 | 1,898,348 | 3,413,202 | 5,617,197 | 83,754 | 33,117 |
| total liabilities | 12,356,049 | 8,776,829 | 9,524,427 | 11,485,182 | 2,478,972 | 95,004 |
| net assets | 3,181,507 | 11,225,958 | 796,593 | 3,056,825 | 3,756,376 | 1,901,973 |
| total shareholders funds | 3,181,507 | 11,225,958 | 796,593 | 3,056,825 | 3,756,376 | 1,901,973 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -3,081,576 | |||||
| Depreciation | 126,181 | 182,680 | 25,626 | 12,075 | 4,369 | 533 |
| Amortisation | 2,601,066 | 2,052,883 | 1,324,249 | 357,957 | 0 | 0 |
| Tax | 2,379,660 | 0 | 254,697 | |||
| Stock | 0 | 0 | -120,000 | 120,000 | 0 | 0 |
| Debtors | 4,584,654 | 2,073,529 | -279,824 | -1,287,491 | 2,825,356 | 252,889 |
| Creditors | 663,148 | 87,073 | 169,153 | 83,876 | 25,430 | 7,955 |
| Accruals and Deferred Income | 4,457,752 | -2,967,606 | -1,875,211 | 8,751,391 | 2,307,901 | 53,932 |
| Deferred Taxes & Provisions | 0 | 0 | -254,697 | 170,943 | 50,637 | 33,117 |
| Cash flow from operations | -3,037,935 | |||||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -234,587 | 669,421 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,307,093 | 1,463,514 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 2,825 | 10 | 14,822 | |||
| cash flow from financing | -447,174 | 17,659,703 | 566,647 | |||
| cash and cash equivalents | ||||||
| cash | -9,320,624 | 6,741,514 | -4,682,055 | 8,440,976 | 568,460 | 1,058,574 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -9,320,624 | 6,741,514 | -4,682,055 | 8,440,976 | 568,460 | 1,058,574 |
P&L
December 2022turnover
13.9m
+20%
operating profit
-9.4m
0%
gross margin
70.7%
-6.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.2m
-0.72%
total assets
15.5m
-0.22%
cash
2.8m
-0.77%
net assets
Total assets minus all liabilities
finbourne technology limited company details
company number
10539696
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
December 2016
age
8
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
1 carter lane, london, EC4V 5ER
last accounts submitted
December 2022
finbourne 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 found 1 charges/mortgages relating to finbourne technology limited. Currently there are 1 open charges and 0 have been satisfied in the past.
finbourne technology limited Companies House Filings - See Documents
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