Bankifi Technology Limited

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bankifi technology limited Company Information

Company Number

10696778

Next Accounts

Sep 2025

Directors

Mark Hartley

Kirk Winstanley

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Shareholders

mark hartley

rebecca hartley

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Group Structure

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Industry

Business and domestic software development

Registered Address

c/o alexander & co, centurion house, manchester, M3 3WR

Website

bankifi.com

bankifi technology limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of BANKIFI TECHNOLOGY LIMITED at £2m based on Net Assets of £859.7k and 2.38x industry multiple (adjusted for liquidity).

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Bankifi Technology Limited is a live company located in manchester, M3 3WR with a Companies House number of 10696778. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2017, it's largest shareholder is mark hartley with a 28.9% stake. Bankifi Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Bankifi Technology Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.2%)

EXPORT

Bankifi Technology Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £859.7 thousand. According to their latest financial statements, Bankifi Technology Limited has 20 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2018
Turnover	1,182,023	2,396,787	1,226,104	970,739	302,541	569,007	269,540
Other Income Or Grants
Cost Of Sales	329,600	676,229	330,767	267,569	81,489	154,339	67,209
Gross Profit	852,423	1,720,558	895,337	703,170	221,052	414,668	202,331
Admin Expenses	2,676,717	3,994,987	2,145,175	1,018,378	677,963	693,438	229,912
Operating Profit	-1,824,294	-2,274,429	-1,249,838	-315,208	-456,911	-278,770	-27,581
Interest Payable	2,789	3,163	2,501	1,296
Interest Receivable	158,594	103,384	3,958	534	3,057	465	47
Pre-Tax Profit	-1,668,489	-2,174,208	-1,248,382	-315,971	-453,854	-278,305	-27,534
Tax
Profit After Tax	-1,668,489	-2,174,208	-1,248,382	-315,971	-453,854	-278,305	-27,534
Dividends Paid
Retained Profit	-1,668,489	-2,174,208	-1,248,382	-315,971	-453,854	-278,305	-27,534
Employee Costs	1,444,644	1,293,768	1,014,624	662,756	309,762	307,598	176,966
Number Of Employees	20	19	16	11	5	5	3
EBITDA*	-1,816,818	-2,268,419	-1,245,202	-315,208	-456,284	-278,760	-27,570

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2018
Tangible Assets	16,049	20,714	16,356	15,974	9,230	173	183
Intangible Assets
Investments & Other	1	1	1	1
Debtors (Due After 1 year)	271,165
Total Fixed Assets	287,215	20,715	16,357	15,975	9,230	173	183
Stock & work in progress
Trade Debtors	58,410	479,380	158,681		26,905
Group Debtors
Misc Debtors	546,435	626,916	446,677	265,843	127,790	109,217	33
Cash	2,924,539	3,117,155	2,790,516	375,672	691,330	123,940	12,615
misc current assets
total current assets	3,529,384	4,223,451	3,395,874	641,515	846,025	233,157	12,648
total assets	3,816,599	4,244,166	3,412,231	657,490	855,255	233,330	12,831
Bank overdraft
Bank loan	8,500	8,500	8,500	4,689
Trade Creditors	132,801	197,103	202,760	53,788	54,665	308,277	4,281
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	1,158,004	643,756	703,182	133,932	57,349	28,484	35,984
total current liabilities	1,299,305	849,359	914,442	192,409	112,014	336,761	40,265
loans	12,042	20,542	29,042	37,811
hp & lease commitments
Accruals and Deferred Income
other liabilities	1,645,547	846,083	671,559			174,774
provisions
total long term liabilities	1,657,589	866,625	700,601	37,811		174,774
total liabilities	2,956,894	1,715,984	1,615,043	230,220	112,014	511,535	40,265
net assets	859,705	2,528,182	1,797,188	427,270	743,241	-278,205	-27,434
total shareholders funds	859,705	2,528,182	1,797,188	427,270	743,241	-278,205	-27,434

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2018
Operating Activities
Operating Profit	-1,824,294	-2,274,429	-1,249,838	-315,208	-456,911	-278,770	-27,581
Depreciation	7,476	6,010	4,636		627	10	11
Amortisation
Tax
Stock
Debtors	-230,286	500,938	339,515	111,148	45,478	109,217	33
Creditors	-64,302	-5,657	148,972	-877	-253,612	308,277	4,281
Accruals and Deferred Income	514,248	-59,426	569,250	76,583	28,865	28,484	35,984
Deferred Taxes & Provisions
Cash flow from operations	-1,136,586	-2,834,440	-866,495	-350,650	-726,509	-51,216	12,662
Investing Activities
capital expenditure	-2,811	-10,368	-5,018	-6,744	-9,684	-183	-194
Change in Investments				1
cash flow from investments	-2,811	-10,368	-5,018	-6,745	-9,684	-183	-194
Financing Activities
Bank loans			3,811	4,689
Group/Directors Accounts
Other Short Term Loans
Long term loans	-8,500	-8,500	-8,769	37,811
Hire Purchase and Lease Commitments
other long term liabilities	799,464	174,524	671,559		-174,774	174,774
share issue	12	2,905,202	2,618,300		1,475,300	100	100
interest	155,805	100,221	1,457	-762	3,057	465	47
cash flow from financing	946,781	3,171,447	3,286,358	41,738	1,303,583	175,339	147
cash and cash equivalents
cash	-192,616	326,639	2,414,844	-315,658	567,390	123,940	12,615
overdraft
change in cash	-192,616	326,639	2,414,844	-315,658	567,390	123,940	12,615

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for bankifi technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.

BANKIFI TECHNOLOGY LIMITED group structure

Bankifi Technology Limited has no subsidiary companies.

Ultimate parent company

BANKIFI TECHNOLOGY LIMITED

10696778

BANKIFI TECHNOLOGY LIMITED Shareholders

mark hartley	28.87%
rebecca hartley	15.06%
mainspring nominees	8.68%
mnl nominees ltd	6.45%
greater manchester combined authority	6.22%
marijke koninckx	4.69%
thestartupfactory.com	4.18%
the cooperative bank	4.15%
redcompass limited	4.03%
syrah beheer bv	3.87%

Bankifi Technology Limited currently has 5 directors. The longest serving directors include Mr Mark Hartley (Mar 2017) and Mr Kirk Winstanley (Jan 2020).

officer	country	age	start	end	role
Mr Mark Hartley	England	58 years	Mar 2017	-	Director
Mr Kirk Winstanley	England	55 years	Jan 2020	-	Director
Mr Peadar O'Reilly	England	48 years	Mar 2021	-	Director
Ms Catherine Douglas	United Kingdom	53 years	Nov 2021	-	Director
Mrs Catherine Douglas	England	53 years	Nov 2021	-	Director

P&L

December 2023

turnover

1.2m

-51%

operating profit

-1.8m

gross margin

72.2%

+0.46%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

859.7k

-0.66%

total assets

3.8m

-0.1%

cash

2.9m

-0.06%

net assets

Total assets minus all liabilities

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company number

10696778

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

March 2017

ultimate parent company

None

previous names

N/A

address

c/o alexander & co, centurion house, manchester, M3 3WR

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 bankifi technology limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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bankifi technology limited Company Information

bankifi technology limited Estimated Valuation

bankifi technology limited Estimated Valuation

bankifi technology limited Estimated Valuation

Bankifi Technology Limited Overview

Bankifi Technology Limited Health Check

BANKIFI TECHNOLOGY LIMITED financials

bankifi technology limited Credit Report and Business Information

Bankifi Technology Limited Competitor Analysis

bankifi technology limited Ownership

bankifi technology limited directors

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