cred technologies limited

1.5

cred technologies limited Company Information

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Company Number

11905210

Registered Address

15-19 cavendish place, 15-19 cavendish place, london, W1G 0DX

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

View All

Directors

Gregory Cox4 Years

James Hubbard3 Years

Shareholders

quint holdings limited 95%

michael ransom 5%

cred technologies limited Estimated Valuation

£709.5k

Pomanda estimates the enterprise value of CRED TECHNOLOGIES LIMITED at £709.5k based on a Turnover of £503.8k and 1.41x industry multiple (adjusted for size and gross margin).

cred technologies limited Estimated Valuation

£251.2k

Pomanda estimates the enterprise value of CRED TECHNOLOGIES LIMITED at £251.2k based on an EBITDA of £44.4k and a 5.66x industry multiple (adjusted for size and gross margin).

cred technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CRED TECHNOLOGIES LIMITED at £0 based on Net Assets of £-211k and 2.01x industry multiple (adjusted for liquidity).

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Cred Technologies Limited Overview

Cred Technologies Limited is a live company located in london, W1G 0DX with a Companies House number of 11905210. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2019, it's largest shareholder is quint holdings limited with a 95% stake. Cred Technologies Limited is a young, small sized company, Pomanda has estimated its turnover at £503.8k with rapid growth in recent years.

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Cred Technologies Limited Health Check

Pomanda's financial health check has awarded Cred Technologies Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £503.8k, make it smaller than the average company (£4m)

£503.8k - Cred Technologies Limited

£4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 206%, show it is growing at a faster rate (3.8%)

206% - Cred Technologies Limited

3.8% - Industry AVG

production

Production

with a gross margin of 62.7%, this company has a comparable cost of product (62.7%)

62.7% - Cred Technologies Limited

62.7% - Industry AVG

profitability

Profitability

an operating margin of -15.7% make it less profitable than the average company (11.2%)

-15.7% - Cred Technologies Limited

11.2% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (13)

3 - Cred Technologies Limited

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.9k, the company has an equivalent pay structure (£71.9k)

£71.9k - Cred Technologies Limited

£71.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £167.9k, this is less efficient (£203.5k)

£167.9k - Cred Technologies Limited

£203.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cred Technologies Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 68 days, this is slower than average (38 days)

68 days - Cred Technologies Limited

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cred Technologies Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (39 weeks)

0 weeks - Cred Technologies Limited

39 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 118.1%, this is a higher level of debt than the average (57.1%)

118.1% - Cred Technologies Limited

57.1% - Industry AVG

CRED TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Cred Technologies Limited's latest turnover from March 2023 is estimated at £503.8 thousand and the company has net assets of -£211 thousand. According to their latest financial statements, Cred Technologies Limited has 3 employees and maintains cash reserves of £8.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020
Turnover503,755568,93837,99417,636
Other Income Or Grants0000
Cost Of Sales187,679201,71213,8386,187
Gross Profit316,077367,22724,15611,449
Admin Expenses394,986434,47429,48771,330
Operating Profit-78,909-67,247-5,331-59,881
Interest Payable0000
Interest Receivable18088120
Pre-Tax Profit-78,729-67,159-5,319-59,881
Tax0000
Profit After Tax-78,729-67,159-5,319-59,881
Dividends Paid0000
Retained Profit-78,729-67,159-5,319-59,881
Employee Costs215,718210,77467,07668,235
Number Of Employees3311
EBITDA*44,38413,62327,574-54,927

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020
Tangible Assets0000
Intangible Assets979,587678,650292,83246,224
Investments & Other54,000000
Debtors (Due After 1 year)0000
Total Fixed Assets1,033,587678,650292,83246,224
Stock & work in progress0000
Trade Debtors0000
Group Debtors0000
Misc Debtors126,303160,268103,58023,521
Cash8,485023,57891
misc current assets0000
total current assets134,788160,268127,15823,612
total assets1,168,375838,918419,99069,836
Bank overdraft0000
Bank loan0000
Trade Creditors 35,158128,91912,5905,970
Group/Directors Accounts1,283,906765,714307,300123,647
other short term finances0000
hp & lease commitments0000
other current liabilities60,29976,544165,2000
total current liabilities1,379,363971,177485,090129,617
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions0000
total long term liabilities0000
total liabilities1,379,363971,177485,090129,617
net assets-210,988-132,259-65,100-59,781
total shareholders funds-210,988-132,259-65,100-59,781
Mar 2023Mar 2022Mar 2021Mar 2020
Operating Activities
Operating Profit-78,909-67,247-5,331-59,881
Depreciation0000
Amortisation123,29380,87032,9054,954
Tax0000
Stock0000
Debtors-33,96556,68880,05923,521
Creditors-93,761116,3296,6205,970
Accruals and Deferred Income-16,245-88,656165,2000
Deferred Taxes & Provisions0000
Cash flow from operations-31,657-15,392119,335-72,478
Investing Activities
capital expenditure-424,230-466,688-279,513-51,178
Change in Investments54,000000
cash flow from investments-478,230-466,688-279,513-51,178
Financing Activities
Bank loans0000
Group/Directors Accounts518,192458,414183,653123,647
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue000100
interest18088120
cash flow from financing518,372458,502183,665123,747
cash and cash equivalents
cash8,485-23,57823,48791
overdraft0000
change in cash8,485-23,57823,48791

cred technologies limited 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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Cred Technologies Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for cred technologies limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in W1G area or any other competitors across 12 key performance metrics.

cred technologies limited Ownership

CRED TECHNOLOGIES LIMITED group structure

Cred Technologies Limited has no subsidiary companies.

Ultimate parent company

1 parent

CRED TECHNOLOGIES LIMITED

11905210

CRED TECHNOLOGIES LIMITED Shareholders

quint holdings limited 95%
michael ransom 5%

cred technologies limited directors

Cred Technologies Limited currently has 2 directors. The longest serving directors include Mr Gregory Cox (Apr 2020) and Mr James Hubbard (Jun 2021).

officercountryagestartendrole
Mr Gregory CoxEngland43 years Apr 2020- Director
Mr James HubbardUnited Kingdom41 years Jun 2021- Director

P&L

March 2023

turnover

503.8k

-11%

operating profit

-78.9k

0%

gross margin

62.8%

-2.79%

turnover

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

Balance Sheet

March 2023

net assets

-211k

+0.6%

total assets

1.2m

+0.39%

cash

8.5k

0%

net assets

Total assets minus all liabilities

cred technologies limited company details

company number

11905210

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

March 2019

age

5

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

March 2023

previous names

banq technologies limited (March 2023)

accountant

LOPIAN GROSS BARNETT & CO

auditor

-

address

15-19 cavendish place, 15-19 cavendish place, london, W1G 0DX

Bank

-

Legal Advisor

-

cred technologies 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 did not find charges/mortgages relating to cred technologies limited.

charges

cred technologies limited Companies House Filings - See Documents

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