checkfer ltd
checkfer ltd Company Information
Company Number
10863591
Next Accounts
Sep 2025
Shareholders
richard carter
rene jean-paul batsford
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
20-22 wenlock road, london, N1 7GU
Website
www.checkfer.comcheckfer ltd Estimated Valuation
Pomanda estimates the enterprise value of CHECKFER LTD at £1.1m based on a Turnover of £1.3m and 0.87x industry multiple (adjusted for size and gross margin).
checkfer ltd Estimated Valuation
Pomanda estimates the enterprise value of CHECKFER LTD at £0 based on an EBITDA of £-575.6k and a 5.3x industry multiple (adjusted for size and gross margin).
checkfer ltd Estimated Valuation
Pomanda estimates the enterprise value of CHECKFER LTD at £0 based on Net Assets of £-1.3m and 2.38x industry multiple (adjusted for liquidity).
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Checkfer Ltd Overview
Checkfer Ltd is a live company located in london, N1 7GU with a Companies House number of 10863591. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 2017, it's largest shareholder is richard carter with a 30.7% stake. Checkfer Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.
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Checkfer Ltd Health Check
Pomanda's financial health check has awarded Checkfer Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£4.5m)
- Checkfer Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.2%)
- Checkfer Ltd
10.2% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
- Checkfer Ltd
72% - Industry AVG
Profitability
an operating margin of -47.2% make it less profitable than the average company (3.4%)
- Checkfer Ltd
3.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (42)
15 - Checkfer Ltd
42 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)
- Checkfer Ltd
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £85.5k, this is less efficient (£121.9k)
- Checkfer Ltd
£121.9k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (58 days)
- Checkfer Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (41 days)
- Checkfer Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (19 days)
- Checkfer Ltd
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)
5 weeks - Checkfer Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 260.4%, this is a higher level of debt than the average (62.9%)
260.4% - Checkfer Ltd
62.9% - Industry AVG
CHECKFER LTD financials
Checkfer Ltd's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of -£1.3 million. According to their latest financial statements, Checkfer Ltd has 15 employees and maintains cash reserves of £205.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 333,374 | 120,709 | |||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 45,998 | 924,511 | |||||
| Gross Profit | 287,376 | -803,802 | |||||
| Admin Expenses | 4,060,439 | 3,973,209 | |||||
| Operating Profit | -3,773,063 | -4,777,011 | |||||
| Interest Payable | 29,110 | 41,495 | |||||
| Interest Receivable | 4 | 20 | |||||
| Pre-Tax Profit | -3,802,373 | -4,818,486 | |||||
| Tax | 913,216 | 446,846 | |||||
| Profit After Tax | -2,889,157 | -4,371,640 | |||||
| Dividends Paid | |||||||
| Retained Profit | -2,889,157 | -4,371,640 | |||||
| Employee Costs | |||||||
| Number Of Employees | 15 | 41 | 46 | 30 | 10 | 2 | 2 |
| EBITDA* | -3,748,886 | -4,752,360 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 60,818 | 75,371 | 67,899 | 47,979 | 6,683 | 1,967 | |
| Intangible Assets | 23,054 | 34,115 | 33,485 | 18,241 | 23,013 | ||
| Investments & Other | 150,001 | 150,001 | 2 | 1 | 1 | ||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 233,873 | 259,487 | 101,386 | 66,221 | 29,697 | 1,967 | |
| Stock & work in progress | 10,210 | 20,420 | 5,000 | 20,000 | |||
| Trade Debtors | 175,968 | 3,693 | 174,137 | 88,848 | |||
| Group Debtors | |||||||
| Misc Debtors | 157,555 | 25,557 | 3,303,764 | 85,097 | 55,776 | ||
| Cash | 205,818 | 928,783 | 967,248 | 3,672,438 | 53,766 | ||
| misc current assets | |||||||
| total current assets | 549,551 | 978,453 | 4,276,012 | 3,777,535 | 109,542 | 174,137 | 88,848 |
| total assets | 783,424 | 1,237,940 | 4,377,398 | 3,843,756 | 139,239 | 176,104 | 88,848 |
| Bank overdraft | 3 | 8,773 | 5,833 | ||||
| Bank loan | |||||||
| Trade Creditors | 4,857 | 13,255 | 125,166 | 172,818 | 49,671 | 18,672 | 150,841 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 2,001,445 | 1,929,980 | 388,313 | 736,983 | 282,718 | ||
| total current liabilities | 2,006,305 | 1,952,008 | 519,312 | 909,801 | 332,389 | 18,672 | 150,841 |
| loans | 33,728 | 35,092 | 44,167 | 50,000 | |||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 33,728 | 35,092 | 44,167 | 50,000 | |||
| total liabilities | 2,040,033 | 1,987,100 | 563,479 | 959,801 | 332,389 | 18,672 | 150,841 |
| net assets | -1,256,609 | -749,160 | 3,813,919 | 2,883,955 | -193,150 | 157,432 | -61,993 |
| total shareholders funds | -1,256,609 | -749,160 | 3,813,919 | 2,883,955 | -193,150 | 157,432 | -61,993 |
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -3,773,063 | -4,777,011 | |||||
| Depreciation | 19,151 | 16,348 | 16,797 | 11,030 | |||
| Amortisation | 11,061 | 7,829 | 7,854 | ||||
| Tax | 913,216 | 446,846 | |||||
| Stock | -10,210 | 420 | -15,000 | 20,000 | |||
| Debtors | 304,273 | -55,847 | 3,218,667 | 29,321 | -118,361 | 85,289 | 88,848 |
| Creditors | -8,398 | -159,563 | -47,652 | 123,147 | 30,999 | -132,169 | 150,841 |
| Accruals and Deferred Income | 71,465 | 1,192,997 | -348,670 | 454,265 | 282,718 | ||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -1,746,809 | -7,905,503 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 150,000 | 1 | 1 | ||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | -1,364 | -14,908 | -5,833 | 50,000 | |||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -29,106 | -41,475 | |||||
| cash flow from financing | -787,972 | 5,254,296 | |||||
| cash and cash equivalents | |||||||
| cash | -722,965 | -2,743,655 | -2,705,190 | 3,618,672 | 53,766 | ||
| overdraft | -8,770 | 8,773 | 5,833 | ||||
| change in cash | -714,195 | -2,752,428 | -2,711,023 | 3,618,672 | 53,766 |
checkfer ltd Credit Report and Business Information
Checkfer Ltd Competitor Analysis
Perform a competitor analysis for checkfer ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N 1 area or any other competitors across 12 key performance metrics.
checkfer ltd Ownership
CHECKFER LTD group structure
Checkfer Ltd has 2 subsidiary companies.
checkfer ltd directors
Checkfer Ltd currently has 2 directors. The longest serving directors include Mr Rene Batsford (Jul 2017) and Mr Richard Carter (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rene Batsford | England | 52 years | Jul 2017 | - | Director |
| Mr Richard Carter | England | 45 years | Sep 2018 | - | Director |
P&L
December 2023turnover
1.3m
+285%
operating profit
-605.8k
0%
gross margin
72%
-16.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.3m
+0.68%
total assets
783.4k
-0.37%
cash
205.8k
-0.78%
net assets
Total assets minus all liabilities
Similar Companies
checkfer ltd company details
company number
10863591
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
KEY BUSINESS CONSULTANTS LLP
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
BARCLAYS BANK PLC
Legal Advisor
-
checkfer 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 checkfer ltd.
checkfer ltd Capital Raised & Share Issues BETA
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checkfer ltd Companies House Filings - See Documents
| date | description | view/download |
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