kore labs limited
kore labs limited Company Information
Company Number
10969092
Next Accounts
Sep 2025
Shareholders
sabrina del prete
wealth club limited
View AllGroup Structure
View All
Industry
Computer consultancy activities
Registered Address
the old police station, whitburn street, bridgnorth, WV16 4QP
Website
-kore labs limited Estimated Valuation
Pomanda estimates the enterprise value of KORE LABS LIMITED at £2.7m based on a Turnover of £3.8m and 0.73x industry multiple (adjusted for size and gross margin).
kore labs limited Estimated Valuation
Pomanda estimates the enterprise value of KORE LABS LIMITED at £0 based on an EBITDA of £-2.6m and a 5.11x industry multiple (adjusted for size and gross margin).
kore labs limited Estimated Valuation
Pomanda estimates the enterprise value of KORE LABS LIMITED at £3.8m based on Net Assets of £1.7m and 2.29x industry multiple (adjusted for liquidity).
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Kore Labs Limited Overview
Kore Labs Limited is a live company located in bridgnorth, WV16 4QP with a Companies House number of 10969092. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2017, it's largest shareholder is sabrina del prete with a 54.2% stake. Kore Labs Limited is a young, small sized company, Pomanda has estimated its turnover at £3.8m with rapid growth in recent years.
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Kore Labs Limited Health Check
Pomanda's financial health check has awarded Kore Labs Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
2 Weak
Size
annual sales of £3.8m, make it in line with the average company (£3.2m)
- Kore Labs Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 97%, show it is growing at a faster rate (8.5%)
- Kore Labs Limited
8.5% - Industry AVG
Production
with a gross margin of 45.5%, this company has a comparable cost of product (45.5%)
- Kore Labs Limited
45.5% - Industry AVG
Profitability
an operating margin of -67.9% make it less profitable than the average company (5.8%)
- Kore Labs Limited
5.8% - Industry AVG
Employees
with 26 employees, this is similar to the industry average (22)
26 - Kore Labs Limited
22 - Industry AVG
Pay Structure
on an average salary of £63.1k, the company has an equivalent pay structure (£63.1k)
- Kore Labs Limited
£63.1k - Industry AVG
Efficiency
resulting in sales per employee of £145.8k, this is equally as efficient (£139.1k)
- Kore Labs Limited
£139.1k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (61 days)
- Kore Labs Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (28 days)
- Kore Labs Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Kore Labs Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 86 weeks, this is more cash available to meet short term requirements (16 weeks)
86 weeks - Kore Labs Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.5%, this is a lower level of debt than the average (58.8%)
36.5% - Kore Labs Limited
58.8% - Industry AVG
KORE LABS LIMITED financials
Kore Labs Limited's latest turnover from December 2023 is estimated at £3.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Kore Labs Limited has 26 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 26 | 17 | 6 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 24,693 | 27,336 | 2,694 | 640 | ||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 24,693 | 27,336 | 2,694 | 640 | ||
| Stock & work in progress | ||||||
| Trade Debtors | 810,626 | 750,326 | 436,937 | 147,712 | 11,008 | |
| Group Debtors | ||||||
| Misc Debtors | 223,220 | 242,450 | 120 | |||
| Cash | 1,547,940 | 436,396 | ||||
| misc current assets | ||||||
| total current assets | 2,581,786 | 1,429,172 | 436,937 | 147,712 | 11,008 | 120 |
| total assets | 2,606,479 | 1,456,508 | 439,631 | 148,352 | 11,008 | 120 |
| Bank overdraft | 10,035 | 9,808 | ||||
| Bank loan | ||||||
| Trade Creditors | 148,885 | 210,484 | 103,981 | 1,306 | 2,329 | |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 773,149 | 914,260 | ||||
| total current liabilities | 932,069 | 1,134,552 | 103,981 | 1,306 | 2,329 | |
| loans | 18,215 | 28,271 | ||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 50,000 | 50,000 | ||||
| provisions | ||||||
| total long term liabilities | 18,215 | 28,271 | 50,000 | 50,000 | ||
| total liabilities | 950,284 | 1,162,823 | 153,981 | 51,306 | 2,329 | |
| net assets | 1,656,195 | 293,685 | 285,650 | 97,046 | 8,679 | 120 |
| total shareholders funds | 1,656,195 | 293,685 | 285,650 | 97,046 | 8,679 | 120 |
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 6,239 | |||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 41,070 | 555,839 | 289,225 | 136,704 | 10,888 | 120 |
| Creditors | -61,599 | 106,503 | 102,675 | -1,023 | 2,329 | |
| Accruals and Deferred Income | -141,111 | 914,260 | ||||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -10,056 | 28,271 | ||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -50,000 | 50,000 | ||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 1,111,544 | 436,396 | ||||
| overdraft | 227 | 9,808 | ||||
| change in cash | 1,111,317 | 426,588 |
kore labs limited Credit Report and Business Information
Kore Labs Limited Competitor Analysis
Perform a competitor analysis for kore labs limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WV16 area or any other competitors across 12 key performance metrics.
kore labs limited Ownership
KORE LABS LIMITED group structure
Kore Labs Limited has no subsidiary companies.
Ultimate parent company
KORE LABS LIMITED
10969092
kore labs limited directors
Kore Labs Limited currently has 6 directors. The longest serving directors include Mrs Sabrina Del Prete (Sep 2017) and Mr Massimiliano Delle Donne (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sabrina Del Prete | England | 57 years | Sep 2017 | - | Director |
| Mr Massimiliano Delle Donne | England | 53 years | Dec 2021 | - | Director |
| Mrs Deborah Tavana | United Kingdom | 65 years | Dec 2021 | - | Director |
| Mrs Sally Clark | England | 62 years | May 2022 | - | Director |
| Ms Gillian Hepburn | England | 59 years | Sep 2022 | - | Director |
| Mr Ronan Dunne | United Kingdom | 61 years | Jan 2025 | - | Director |
P&L
December 2023turnover
3.8m
+20%
operating profit
-2.6m
0%
gross margin
45.5%
-1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.7m
+4.64%
total assets
2.6m
+0.79%
cash
1.5m
+2.55%
net assets
Total assets minus all liabilities
kore labs limited company details
company number
10969092
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
thinking rocket limited (May 2019)
accountant
STANTON RALPH & CO LIMITED
auditor
-
address
the old police station, whitburn street, bridgnorth, WV16 4QP
Bank
-
Legal Advisor
-
kore labs 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 1 charges/mortgages relating to kore labs limited. Currently there are 1 open charges and 0 have been satisfied in the past.
kore labs 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.
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kore labs limited Companies House Filings - See Documents
| date | description | view/download |
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