sgx fx systems uk limited
sgx fx systems uk limited Company Information
Company Number
10546847
Website
www.bidfx.comRegistered Address
c/o menzies llp, 7-12 tavistock square, london, WC1H 9LT
Industry
Other information technology and computer service activities
Computer consultancy activities
Telephone
02081540400
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
asian gateway investments pte. ltd 100%
sgx fx systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of SGX FX SYSTEMS UK LIMITED at £46.7m based on a Turnover of £29.5m and 1.58x industry multiple (adjusted for size and gross margin).
sgx fx systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of SGX FX SYSTEMS UK LIMITED at £127.2m based on an EBITDA of £10.6m and a 11.99x industry multiple (adjusted for size and gross margin).
sgx fx systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of SGX FX SYSTEMS UK LIMITED at £40.3m based on Net Assets of £18.4m and 2.19x industry multiple (adjusted for liquidity).
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Sgx Fx Systems Uk Limited Overview
Sgx Fx Systems Uk Limited is a live company located in london, WC1H 9LT with a Companies House number of 10546847. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2017, it's largest shareholder is asian gateway investments pte. ltd with a 100% stake. Sgx Fx Systems Uk Limited is a young, large sized company, Pomanda has estimated its turnover at £29.5m with rapid growth in recent years.
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Sgx Fx Systems Uk Limited Health Check
Pomanda's financial health check has awarded Sgx Fx Systems Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
1 Weak
Size
annual sales of £29.5m, make it larger than the average company (£3.8m)
£29.5m - Sgx Fx Systems Uk Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (6.8%)
45% - Sgx Fx Systems Uk Limited
6.8% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (56.6%)
100% - Sgx Fx Systems Uk Limited
56.6% - Industry AVG
Profitability
an operating margin of 15.3% make it more profitable than the average company (4.9%)
15.3% - Sgx Fx Systems Uk Limited
4.9% - Industry AVG
Employees
with 85 employees, this is above the industry average (28)
85 - Sgx Fx Systems Uk Limited
28 - Industry AVG
Pay Structure
on an average salary of £138.3k, the company has a higher pay structure (£62.9k)
£138.3k - Sgx Fx Systems Uk Limited
£62.9k - Industry AVG
Efficiency
resulting in sales per employee of £346.7k, this is more efficient (£134.4k)
£346.7k - Sgx Fx Systems Uk Limited
£134.4k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (61 days)
61 days - Sgx Fx Systems Uk Limited
61 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Sgx Fx Systems Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sgx Fx Systems Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (17 weeks)
80 weeks - Sgx Fx Systems Uk Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.3%, this is a lower level of debt than the average (59.9%)
35.3% - Sgx Fx Systems Uk Limited
59.9% - Industry AVG
SGX FX SYSTEMS UK LIMITED financials
Sgx Fx Systems Uk Limited's latest turnover from June 2023 is £29.5 million and the company has net assets of £18.4 million. According to their latest financial statements, Sgx Fx Systems Uk Limited has 85 employees and maintains cash reserves of £12.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jul 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 29,472,616 | 27,202,974 | 29,363,880 | 9,597,222 | 10,916,467 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | ||
| Gross Profit | 29,472,616 | 27,202,974 | 29,363,880 | 9,597,222 | 10,916,467 | ||
| Admin Expenses | 24,969,624 | 25,394,799 | 25,882,669 | 7,776,432 | 11,301,208 | ||
| Operating Profit | 4,502,992 | 1,808,175 | 3,481,211 | 1,820,790 | -384,741 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | ||
| Interest Receivable | 73,988 | 53,526 | 51,241 | 29,416 | 59,178 | ||
| Pre-Tax Profit | 4,576,980 | 1,861,702 | 3,532,452 | 1,850,206 | -325,563 | ||
| Tax | -1,370,598 | -150,149 | -630,206 | 327,343 | -188,073 | ||
| Profit After Tax | 3,206,383 | 1,711,553 | 2,902,246 | 2,177,549 | -513,636 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 3,206,383 | 1,711,553 | 2,902,246 | 2,177,549 | -513,636 | ||
| Employee Costs | 11,757,103 | 11,419,487 | 4,214,272 | 4,632,693 | |||
| Number Of Employees | 85 | 75 | 71 | 54 | 29 | 18 | 11 |
| EBITDA* | 10,613,373 | 7,538,587 | 9,085,406 | 3,786,848 | 2,366,813 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jul 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 494,646 | 947,781 | 2,106,373 | 274,439 | 268,018 | 131,835 | 38,032 |
| Intangible Assets | 7,827,586 | 8,254,704 | 11,146,042 | 9,391,415 | 9,710,514 | 1,511,755 | 524,326 |
| Investments & Other | 1,035 | 1,035 | 1,309 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,994 | 4,303,878 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,325,261 | 13,507,399 | 13,253,724 | 9,665,854 | 9,978,532 | 1,643,590 | 562,358 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,984,272 | 7,102,763 | 7,828,349 | 2,275,513 | 2,638,946 | 1,492,869 | 0 |
| Group Debtors | 34,628 | 90,844 | 0 | 1,334,889 | 0 | 193,948 | 1,229,859 |
| Misc Debtors | 2,218,783 | 1,764,009 | 7,234,666 | 965,814 | 407,094 | 345,716 | 0 |
| Cash | 12,815,223 | 10,645,720 | 7,595,906 | 10,997,552 | 8,116,969 | 497,780 | 157,299 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,052,906 | 19,603,337 | 22,658,921 | 15,573,768 | 11,163,009 | 2,530,313 | 1,387,158 |
| total assets | 28,378,168 | 33,110,736 | 35,912,645 | 25,239,622 | 21,141,541 | 4,173,903 | 1,949,516 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 961,517 | 917,282 | 1,284,266 | 195,515 | 110,998 | 61,553 | 27,490 |
| Group/Directors Accounts | 2,599,821 | 2,079,710 | 0 | 1,600,185 | 559,494 | 1,906,394 | 1,169,510 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,720,695 | 4,582,419 | 5,085,450 | 2,351,381 | 1,873,867 | 200,786 | 217,866 |
| total current liabilities | 8,282,034 | 7,579,411 | 6,369,716 | 4,147,081 | 2,544,359 | 2,168,733 | 1,414,866 |
| loans | 0 | 0 | 0 | 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 | 1,123,062 | 0 | 0 | 0 | 0 |
| provisions | 1,724,820 | 1,355,250 | 0 | 703,710 | 436,058 | 0 | 0 |
| total long term liabilities | 1,724,821 | 1,355,250 | 1,123,062 | 703,710 | 436,058 | 0 | 0 |
| total liabilities | 10,006,855 | 8,934,661 | 7,492,778 | 4,850,791 | 2,980,417 | 2,168,733 | 1,414,866 |
| net assets | 18,371,313 | 24,176,075 | 28,419,867 | 20,388,831 | 18,161,124 | 2,005,170 | 534,650 |
| total shareholders funds | 18,371,313 | 24,176,075 | 28,419,867 | 20,388,831 | 18,161,124 | 2,005,170 | 534,650 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jul 2020 | Dec 2019 | Dec 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 4,502,992 | 1,808,175 | 3,481,211 | 1,820,790 | -384,741 | ||
| Depreciation | 730,940 | 748,185 | 688,762 | 74,814 | 97,121 | 41,874 | 10,764 |
| Amortisation | 5,379,441 | 4,982,227 | 4,915,433 | 1,891,244 | 2,654,433 | 74,478 | 110,125 |
| Tax | -1,370,598 | -150,149 | -630,206 | 327,343 | -188,073 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,021,818 | -1,801,520 | 10,486,799 | 1,530,176 | 1,013,507 | 2,032,533 | 1,229,859 |
| Creditors | 44,235 | -366,984 | 1,088,751 | 84,517 | 49,445 | 61,553 | 27,490 |
| Accruals and Deferred Income | 138,276 | -503,031 | 2,734,069 | 477,514 | 1,673,081 | 200,786 | 217,866 |
| Deferred Taxes & Provisions | 369,570 | 1,355,250 | -703,710 | 267,652 | 436,058 | 0 | 0 |
| Cash flow from operations | 15,816,674 | 9,675,193 | 1,087,511 | 3,413,698 | 3,323,817 | ||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | |||||
| Change in Investments | 0 | -274 | 1,309 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | |||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 520,111 | 2,079,710 | -1,600,185 | 1,040,691 | -1,346,900 | 1,906,394 | 1,169,510 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -1,123,062 | 1,123,062 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 73,988 | 53,526 | 51,241 | 29,416 | 59,178 | ||
| cash flow from financing | -8,417,046 | -4,945,171 | 4,702,908 | 1,120,265 | 15,381,868 | ||
| cash and cash equivalents | |||||||
| cash | 2,169,503 | 3,049,814 | -3,401,646 | 2,880,583 | 7,619,189 | 497,780 | 157,299 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,169,503 | 3,049,814 | -3,401,646 | 2,880,583 | 7,619,189 | 497,780 | 157,299 |
sgx fx systems uk limited Credit Report and Business Information
Sgx Fx Systems Uk Limited Competitor Analysis
Perform a competitor analysis for sgx fx systems uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
sgx fx systems uk limited Ownership
SGX FX SYSTEMS UK LIMITED group structure
Sgx Fx Systems Uk Limited has no subsidiary companies.
Ultimate parent company
ASIAN GATEWAY INVESTMENTS PTE LTD
#0128893
1 parent
SGX FX SYSTEMS UK LIMITED
10546847
sgx fx systems uk limited directors
Sgx Fx Systems Uk Limited currently has 2 directors. The longest serving directors include Jean-Philippe Male (Jan 2017) and Lee Hong (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jean-Philippe Male | United Kingdom | 43 years | Jan 2017 | - | Director |
| Lee Hong | United Kingdom | 48 years | Jul 2020 | - | Director |
P&L
June 2023turnover
29.5m
+8%
operating profit
4.5m
+149%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
18.4m
-0.24%
total assets
28.4m
-0.14%
cash
12.8m
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
sgx fx systems uk limited company details
company number
10546847
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62090 - Other information technology and computer service activities
62020 - Computer consultancy activities
incorporation date
January 2017
age
7
accounts
Full Accounts
ultimate parent company
previous names
bidfx systems ltd. (November 2023)
incorporated
UK
address
c/o menzies llp, 7-12 tavistock square, london, WC1H 9LT
last accounts submitted
June 2023
sgx fx systems uk 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 did not find charges/mortgages relating to sgx fx systems uk limited.
sgx fx systems uk limited Companies House Filings - See Documents
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