cred technologies limited
cred technologies limited Company Information
Company Number
11905210
Website
banktechsys.comRegistered 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
Shareholders
quint holdings limited 95%
michael ransom 5%
cred technologies limited Estimated Valuation
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
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
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
2 Strong
2 Regular
6 Weak
Size
annual sales of £503.8k, make it smaller than the average company (£4m)
- Cred Technologies Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 206%, show it is growing at a faster rate (3.8%)
- Cred Technologies Limited
3.8% - Industry AVG
Production
with a gross margin of 62.7%, this company has a comparable cost of product (62.7%)
- Cred Technologies Limited
62.7% - Industry AVG
Profitability
an operating margin of -15.7% make it less profitable than the average company (11.2%)
- Cred Technologies Limited
11.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Cred Technologies Limited
13 - Industry AVG
Pay Structure
on an average salary of £71.9k, the company has an equivalent pay structure (£71.9k)
- Cred Technologies Limited
£71.9k - Industry AVG
Efficiency
resulting in sales per employee of £167.9k, this is less efficient (£203.5k)
- Cred Technologies Limited
£203.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Cred Technologies Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (38 days)
- Cred Technologies Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cred Technologies Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| 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 | 3 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 979,587 | 678,650 | 292,832 | 46,224 |
| Investments & Other | 54,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,033,587 | 678,650 | 292,832 | 46,224 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 126,303 | 160,268 | 103,580 | 23,521 |
| Cash | 8,485 | 0 | 23,578 | 91 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 134,788 | 160,268 | 127,158 | 23,612 |
| total assets | 1,168,375 | 838,918 | 419,990 | 69,836 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 35,158 | 128,919 | 12,590 | 5,970 |
| Group/Directors Accounts | 1,283,906 | 765,714 | 307,300 | 123,647 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 60,299 | 76,544 | 165,200 | 0 |
| total current liabilities | 1,379,363 | 971,177 | 485,090 | 129,617 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 1,379,363 | 971,177 | 485,090 | 129,617 |
| net assets | -210,988 | -132,259 | -65,100 | -59,781 |
| total shareholders funds | -210,988 | -132,259 | -65,100 | -59,781 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 123,293 | 80,870 | 32,905 | 4,954 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -33,965 | 56,688 | 80,059 | 23,521 |
| Creditors | -93,761 | 116,329 | 6,620 | 5,970 |
| Accruals and Deferred Income | -16,245 | -88,656 | 165,200 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 54,000 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 518,192 | 458,414 | 183,653 | 123,647 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 8,485 | -23,578 | 23,487 | 91 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 8,485 | -23,578 | 23,487 | 91 |
cred technologies limited Credit Report and Business Information
Cred Technologies Limited Competitor Analysis
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.
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gregory Cox | England | 43 years | Apr 2020 | - | Director |
| Mr James Hubbard | United Kingdom | 41 years | Jun 2021 | - | Director |
P&L
March 2023turnover
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 2023net 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.
cred technologies limited Companies House Filings - See Documents
| date | description | view/download |
|---|
