Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £1.5m based on a Turnover of £1.9m and 0.79x industry multiple (adjusted for size and gross margin).
evolving systems bls limitedEstimated Valuation
£157.9k
Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £157.9k based on an EBITDA of £36.3k and a 4.35x industry multiple (adjusted for size and gross margin).
evolving systems bls limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £0 based on Net Assets of £-4.4m and 2.21x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Evolving Systems Bls LimitedOverview
Evolving Systems Bls Limited is a live company located in manchester, M30 0BL with a Companies House number of 10723209. It operates in the other software publishing sector, SIC Code 58290. Founded in April 2017, it's largest shareholder is
eti-net inc.
with a 100% stake. Evolving Systems Bls Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.9m with
declining
growth in recent years.
Pomanda's financial health check has awarded Evolving Systems Bls Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
1 Regular
9 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£4.9m)
£1.9m - Evolving Systems Bls Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (8.7%)
-25% - Evolving Systems Bls Limited
8.7% - Industry AVG
Production
with a gross margin of 45.2%, this company has a higher cost of product (56.6%)
45.2% - Evolving Systems Bls Limited
56.6% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4.9%)
1.1% - Evolving Systems Bls Limited
4.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (33)
1 - Evolving Systems Bls Limited
33 - Industry AVG
Pay Structure
on an average salary of £66.7k, the company has an equivalent pay structure (£66.7k)
£66.7k - Evolving Systems Bls Limited
£66.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.9m, this is more efficient (£144.7k)
£1.9m - Evolving Systems Bls Limited
£144.7k - Industry AVG
Debtor Days
it gets paid by customers after 192 days, this is later than average (56 days)
192 days - Evolving Systems Bls Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (33 days)
5 days - Evolving Systems Bls Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Evolving Systems Bls Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (16 weeks)
1 weeks - Evolving Systems Bls Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 278%, this is a higher level of debt than the average (56.7%)
278% - Evolving Systems Bls Limited
56.7% - Industry AVG
EVOLVING SYSTEMS BLS LIMITED financials
EXPORT
Evolving Systems Bls Limited's latest turnover from March 2023 is £1.9 million and the company has net assets of -£4.4 million. According to their latest financial statements, Evolving Systems Bls Limited has 1 employee and maintains cash reserves of £164.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2023
Mar 2022
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Turnover
1,904,461
4,575,696
4,525,346
5,040,788
3,535,783
2,925,156
Other Income Or Grants
Cost Of Sales
1,044,663
572,820
527,567
2,787,003
1,438,398
1,160,558
Gross Profit
859,798
4,002,876
3,997,779
2,253,785
2,097,385
1,764,598
Admin Expenses
839,190
5,351,371
4,765,129
3,296,195
2,863,093
1,308,791
Operating Profit
20,608
-1,348,495
-767,350
-1,042,410
-765,708
455,807
Interest Payable
12,223
52,673
37,959
Interest Receivable
48,065
13
Pre-Tax Profit
20,608
-1,348,495
-719,285
-1,054,620
-818,381
417,848
Tax
-739,084
204,947
73,383
33,942
-223,528
-213,649
Profit After Tax
-718,476
-1,143,548
-645,902
-1,020,678
-1,041,909
204,199
Dividends Paid
Retained Profit
-718,476
-1,143,548
-645,902
-1,020,678
-1,041,909
204,199
Employee Costs
66,651
4,269,256
4,405,362
Number Of Employees
1
59
60
69
72
76
EBITDA*
36,292
-1,296,432
-727,687
-997,023
-695,302
484,977
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
732
2,816
17,660
16,538
11,997
28,126
Intangible Assets
19,429
33,029
73,172
105,286
297,850
350,195
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
20,161
35,845
90,832
121,824
309,847
378,321
Stock & work in progress
Trade Debtors
1,006,216
1,231,557
1,704,523
1,494,235
2,249,235
2,750,631
Group Debtors
912,638
222,063
100,391
Misc Debtors
373,920
912,287
967,160
672,986
372,551
224,603
Cash
164,648
374,492
54,881
371,244
225,089
781,677
misc current assets
total current assets
2,457,422
2,740,399
2,826,955
2,538,465
2,846,875
3,756,911
total assets
2,477,583
2,776,244
2,917,787
2,660,289
3,156,722
4,135,232
Bank overdraft
Bank loan
Trade Creditors
14,462
20,642
61,109
18,186
71,345
78,854
Group/Directors Accounts
5,528,673
5,697,433
4,256,189
3,079,299
2,660,369
624,367
other short term finances
hp & lease commitments
other current liabilities
1,344,935
523,592
922,364
869,948
711,550
1,727,765
total current liabilities
6,888,070
6,241,667
5,239,662
3,967,433
3,443,264
2,430,986
loans
368,829
368,753
998,654
hp & lease commitments
Accruals and Deferred Income
other liabilities
293,565
provisions
total long term liabilities
368,829
368,753
1,292,219
total liabilities
6,888,070
6,241,667
5,239,662
4,336,262
3,812,017
3,723,205
net assets
-4,410,487
-3,465,423
-2,321,875
-1,675,973
-655,295
412,027
total shareholders funds
-4,410,487
-3,465,423
-2,321,875
-1,675,973
-655,295
412,027
Mar 2023
Mar 2022
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
20,608
-1,348,495
-767,350
-1,042,410
-765,708
455,807
Depreciation
2,084
11,920
7,549
12,523
18,061
1,483
Amortisation
13,600
40,143
32,114
32,864
52,345
27,687
Tax
-739,084
204,947
73,383
33,942
-223,528
-213,649
Stock
Debtors
-73,133
2,365,907
604,853
-454,565
-353,448
2,975,234
Creditors
-6,180
20,642
42,923
-53,159
-7,509
78,854
Accruals and Deferred Income
821,343
523,592
52,416
158,398
-1,016,215
1,727,765
Deferred Taxes & Provisions
Cash flow from operations
185,504
-2,913,158
-1,163,818
-403,277
-1,589,106
-897,287
Investing Activities
capital expenditure
-87,908
-8,671
142,636
-1,932
-407,491
Change in Investments
cash flow from investments
-87,908
-8,671
142,636
-1,932
-407,491
Financing Activities
Bank loans
Group/Directors Accounts
-168,760
5,697,433
1,176,890
418,930
2,036,002
624,367
Other Short Term Loans
Long term loans
-368,829
76
-629,901
998,654
Hire Purchase and Lease Commitments
other long term liabilities
-293,565
293,565
share issue
-226,588
-2,321,875
-25,413
207,828
interest
48,065
-12,210
-52,673
-37,959
cash flow from financing
-395,348
3,375,558
856,126
406,796
1,034,450
2,086,455
cash and cash equivalents
cash
-209,844
374,492
-316,363
146,155
-556,588
781,677
overdraft
change in cash
-209,844
374,492
-316,363
146,155
-556,588
781,677
evolving systems bls 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 evolving systems bls limited. Get real-time insights into evolving systems bls limited's credit score, group structure and payment trends.
Perform a competitor analysis for evolving systems bls limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in M30 area or any other competitors across 12 key performance metrics.
evolving systems bls limited Ownership
EVOLVING SYSTEMS BLS LIMITED group structure
Evolving Systems Bls Limited has no subsidiary companies.
Ultimate parent company
EVOLVING SYSTEMS INC
#0048386
1 parent
EVOLVING SYSTEMS BLS LIMITED
10723209
EVOLVING SYSTEMS BLS LIMITED Shareholders
The sole shareholder of Evolving Systems Bls Limited is Eti-Net Inc..
eti-net inc.
100%
evolving systems bls limited directors
Evolving Systems Bls Limited currently has 6 directors.
The longest serving directors include
Mr Jonathan Dionne (Dec 2021) and
Mr Jonathan Dionne (Dec 2021).
62011 - Ready-made interactive leisure and entertainment software development
62090 - Other information technology and computer service activities
58290 - Other software publishing
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
EVOLVING SYSTEMS INC
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CLA EVELYN PARTNES LIMITED
address
4th floor 2 city approach, albert street, manchester, M30 0BL
Bank
-
Legal Advisor
-
evolving systems bls 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 4 charges/mortgages relating to evolving systems bls limited. Currently there are 3 open charges and 1 have been satisfied in the past.
evolving systems bls 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.
Click to start generating capital raising & share issue transactions for EVOLVING SYSTEMS BLS LIMITED. This can take several minutes, an email will notify you when this has completed.
evolving systems bls limitedCompanies House Filings - See Documents
