bonnet ltd
bonnet ltd Company Information
Company Number
12281063
Website
-Registered Address
1 rivergate, temple quay, bristol, BS1 6ED
Industry
Other software publishing
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ovo energy ltd 100%
bonnet ltd Estimated Valuation
Pomanda estimates the enterprise value of BONNET LTD at £2.2m based on a Turnover of £3.1m and 0.71x industry multiple (adjusted for size and gross margin).
bonnet ltd Estimated Valuation
Pomanda estimates the enterprise value of BONNET LTD at £0 based on an EBITDA of £-5.3m and a 3.75x industry multiple (adjusted for size and gross margin).
bonnet ltd Estimated Valuation
Pomanda estimates the enterprise value of BONNET LTD at £4.4m based on Net Assets of £2.5m and 1.74x industry multiple (adjusted for liquidity).
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Bonnet Ltd Overview
Bonnet Ltd is a live company located in bristol, BS1 6ED with a Companies House number of 12281063. It operates in the other software publishing sector, SIC Code 58290. Founded in October 2019, it's largest shareholder is ovo energy ltd with a 100% stake. Bonnet Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.1m with unknown growth in recent years.
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Bonnet Ltd Health Check
Pomanda's financial health check has awarded Bonnet Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£5.5m)
- Bonnet Ltd
£5.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bonnet Ltd
- - Industry AVG
Production
with a gross margin of 72.8%, this company has a comparable cost of product (72.8%)
- Bonnet Ltd
72.8% - Industry AVG
Profitability
an operating margin of -170.9% make it less profitable than the average company (4.7%)
- Bonnet Ltd
4.7% - Industry AVG
Employees
with 20 employees, this is below the industry average (39)
20 - Bonnet Ltd
39 - Industry AVG
Pay Structure
on an average salary of £81k, the company has an equivalent pay structure (£81k)
- Bonnet Ltd
£81k - Industry AVG
Efficiency
resulting in sales per employee of £156.2k, this is equally as efficient (£158.9k)
- Bonnet Ltd
£158.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Bonnet Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 450 days, this is slower than average (37 days)
- Bonnet Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bonnet Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (13 weeks)
41 weeks - Bonnet Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.8%, this is a lower level of debt than the average (61.1%)
34.8% - Bonnet Ltd
61.1% - Industry AVG
BONNET LTD financials
Bonnet Ltd's latest turnover from December 2022 is estimated at £3.1 million and the company has net assets of £2.5 million. According to their latest financial statements, Bonnet Ltd has 20 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Oct 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 | 20 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Oct 2020 | |
|---|---|---|---|
| Tangible Assets | 27,819 | 5,271 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 27,819 | 5,271 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 2,787,549 | 73,299 | 201 |
| Cash | 1,069,596 | 589,802 | 35,276 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 3,857,145 | 663,101 | 35,477 |
| total assets | 3,884,964 | 668,372 | 35,477 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,050,343 | 13,265 | 1 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 302,127 | 125,631 | 45,686 |
| total current liabilities | 1,352,470 | 138,896 | 45,687 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 7,778 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 7,778 | 0 |
| total liabilities | 1,352,470 | 146,674 | 45,687 |
| net assets | 2,532,494 | 521,698 | -10,210 |
| total shareholders funds | 2,532,494 | 521,698 | -10,210 |
| Dec 2022 | Dec 2021 | Oct 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 11,304 | 2,635 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 2,714,250 | 73,098 | 201 |
| Creditors | 1,037,078 | 13,264 | 1 |
| Accruals and Deferred Income | 176,496 | 79,945 | 45,686 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -7,778 | 7,778 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 479,794 | 554,526 | 35,276 |
| overdraft | 0 | 0 | 0 |
| change in cash | 479,794 | 554,526 | 35,276 |
bonnet ltd Credit Report and Business Information
Bonnet Ltd Competitor Analysis
Perform a competitor analysis for bonnet ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bonnet ltd Ownership
BONNET LTD group structure
Bonnet Ltd has no subsidiary companies.
bonnet ltd directors
Bonnet Ltd currently has 2 directors. The longest serving directors include Mr Vincent Casey (Oct 2023) and Mr David Buttress (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Casey | England | 41 years | Oct 2023 | - | Director |
| Mr David Buttress | 48 years | May 2024 | - | Director |
P&L
December 2022turnover
3.1m
+403%
operating profit
-5.3m
0%
gross margin
72.8%
+1.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.5m
+3.85%
total assets
3.9m
+4.81%
cash
1.1m
+0.81%
net assets
Total assets minus all liabilities
Similar Companies
bonnet ltd company details
company number
12281063
Type
Private limited with Share Capital
industry
58290 - Other software publishing
incorporation date
October 2019
age
5
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
1 rivergate, temple quay, bristol, BS1 6ED
last accounts submitted
December 2022
bonnet 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 bonnet ltd.
bonnet ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
