claim technology ltd

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claim technology ltd Company Information

Share CLAIM TECHNOLOGY LTD

Company Number

10744798

Shareholders

claim technology ltd (israel)

Group Structure

View All

Industry

Business and domestic software development

 

Registered Address

71-75 shelton street, covent garden, london, WC2H 9JQ

claim technology ltd Estimated Valuation

£634.8k

Pomanda estimates the enterprise value of CLAIM TECHNOLOGY LTD at £634.8k based on a Turnover of £922.6k and 0.69x industry multiple (adjusted for size and gross margin).

claim technology ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of CLAIM TECHNOLOGY LTD at £0 based on an EBITDA of £-398.2k and a 4.2x industry multiple (adjusted for size and gross margin).

claim technology ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of CLAIM TECHNOLOGY LTD at £0 based on Net Assets of £-1.8m and 2.38x industry multiple (adjusted for liquidity).

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Claim Technology Ltd Overview

Claim Technology Ltd is a live company located in london, WC2H 9JQ with a Companies House number of 10744798. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2017, it's largest shareholder is claim technology ltd (israel) with a 100% stake. Claim Technology Ltd is a young, small sized company, Pomanda has estimated its turnover at £922.6k with rapid growth in recent years.

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Claim Technology Ltd Health Check

Pomanda's financial health check has awarded Claim Technology Ltd a 2.5 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 Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £922.6k, make it smaller than the average company (£4.6m)

£922.6k - Claim Technology Ltd

£4.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (10.2%)

58% - Claim Technology Ltd

10.2% - Industry AVG

production

Production

with a gross margin of 42.3%, this company has a higher cost of product (72%)

42.3% - Claim Technology Ltd

72% - Industry AVG

profitability

Profitability

an operating margin of -43.2% make it less profitable than the average company (3.4%)

-43.2% - Claim Technology Ltd

3.4% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (42)

6 - Claim Technology Ltd

42 - Industry AVG

paystructure

Pay Structure

on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)

£72.2k - Claim Technology Ltd

£72.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £153.8k, this is more efficient (£122.2k)

£153.8k - Claim Technology Ltd

£122.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 124 days, this is later than average (58 days)

124 days - Claim Technology Ltd

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1374 days, this is slower than average (41 days)

1374 days - Claim Technology Ltd

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Claim Technology Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Claim Technology Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 578%, this is a higher level of debt than the average (63.1%)

578% - Claim Technology Ltd

63.1% - Industry AVG

CLAIM TECHNOLOGY LTD financials

EXPORTms excel logo

Claim Technology Ltd's latest turnover from December 2023 is estimated at £922.6 thousand and the company has net assets of -£1.8 million. According to their latest financial statements, Claim Technology Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Apr 2018
Turnover922,6021,266,929469,909231,908711,35179,1833,272
Other Income Or Grants
Cost Of Sales531,959732,031267,321135,887422,10146,4331,927
Gross Profit390,643534,898202,58896,020289,24932,7501,345
Admin Expenses788,849495,775290,607652,6731,115,549470,584110
Operating Profit-398,20639,123-88,019-556,653-826,300-437,8341,235
Interest Payable
Interest Receivable420
Pre-Tax Profit-398,20639,123-88,019-556,653-826,300-437,4141,235
Tax-7,433-235
Profit After Tax-398,20631,690-88,019-556,653-826,300-437,4141,000
Dividends Paid
Retained Profit-398,20631,690-88,019-556,653-826,300-437,4141,000
Employee Costs433,226340,494253,882120,52262,12260,38758,755
Number Of Employees6542111
EBITDA*-398,20639,123-88,019-556,653-826,300-437,8341,235

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Apr 2018
Tangible Assets4,9601,918764
Intangible Assets
Investments & Other7,211
Debtors (Due After 1 year)
Total Fixed Assets4,9601,9187647,211
Stock & work in progress
Trade Debtors315,839541,455138,38045,920348,61330,6181,000
Group Debtors
Misc Debtors63,378176,295451,000
Cash111,968
misc current assets
total current assets379,217717,750138,42545,920348,613143,5861,000
total assets384,177719,668139,18945,920355,824143,5861,000
Bank overdraft
Bank loan
Trade Creditors 2,003,6931,964,4921,609,1611,427,8731,181,12413,441
Group/Directors Accounts537,488
other short term finances
hp & lease commitments
other current liabilities28,071
total current liabilities2,003,6931,964,4921,609,1611,427,8731,181,124579,000
loans
hp & lease commitments
Accruals and Deferred Income216,972193,458
other liabilities
provisions
total long term liabilities216,972193,458
total liabilities2,220,6652,157,9501,609,1611,427,8731,181,124579,000
net assets-1,836,488-1,438,282-1,469,972-1,381,953-825,300-435,4141,000
total shareholders funds-1,836,488-1,438,282-1,469,972-1,381,953-825,300-435,4141,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Apr 2018
Operating Activities
Operating Profit-398,20639,123-88,019-556,653-826,300-437,8341,235
Depreciation
Amortisation
Tax-7,433-235
Stock
Debtors-338,533579,32592,505-302,693347,61330,6181,000
Creditors39,201355,331181,288246,7491,181,12413,441
Accruals and Deferred Income23,514193,45828,071
Deferred Taxes & Provisions
Cash flow from operations3,0421,154764-7,2117,211-426,940
Investing Activities
capital expenditure-3,042-1,154-764
Change in Investments-7,2117,211
cash flow from investments-3,042-1,154-7647,211-7,211
Financing Activities
Bank loans
Group/Directors Accounts537,488
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1,000
interest420
cash flow from financing538,908
cash and cash equivalents
cash111,968
overdraft
change in cash111,968

claim technology ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Claim Technology Ltd Competitor Analysis

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Perform a competitor analysis for claim technology ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WC2H area or any other competitors across 12 key performance metrics.

claim technology ltd Ownership

CLAIM TECHNOLOGY LTD group structure

Claim Technology Ltd has 1 subsidiary company.

Ultimate parent company

CLAIM TECHNOLOGY LTD (ISRAEL)

#0120418

1 parent

CLAIM TECHNOLOGY LTD

10744798

1 subsidiary

CLAIM TECHNOLOGY LTD Shareholders

claim technology ltd (israel) 100%

claim technology ltd directors

Claim Technology Ltd currently has 2 directors. The longest serving directors include Mr Michael Lewis (Apr 2017) and Mr Jonathan Hurwitz (Apr 2017).

officercountryagestartendrole
Mr Michael LewisIsrael49 years Apr 2017- Director
Mr Jonathan HurwitzEngland55 years Apr 2017- Director

P&L

December 2023

turnover

922.6k

-27%

operating profit

-398.2k

0%

gross margin

42.4%

+0.29%

turnover

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

Balance Sheet

December 2023

net assets

-1.8m

+0.28%

total assets

384.2k

-0.47%

cash

0

0%

net assets

Total assets minus all liabilities

claim technology ltd company details

company number

10744798

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

April 2017

age

8

incorporated

UK

ultimate parent company

CLAIM TECHNOLOGY LTD (ISRAEL)

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

APPROVED ACCOUNTING LIMITED

auditor

-

address

71-75 shelton street, covent garden, london, WC2H 9JQ

Bank

-

Legal Advisor

-

claim 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 claim technology ltd.

claim technology ltd 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.

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claim technology ltd Companies House Filings - See Documents

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