hook technology limited
hook technology limited Company Information
Company Number
12362866
Website
-Registered Address
80 cheapside, london, EC2V 6EE
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
mohammed firaas rashid 40.9%
balderton capital viii s.l.p. 22.9%
View Allhook technology limited Estimated Valuation
Pomanda estimates the enterprise value of HOOK TECHNOLOGY LIMITED at £918k based on a Turnover of £1.1m and 0.8x industry multiple (adjusted for size and gross margin).
hook technology limited Estimated Valuation
Pomanda estimates the enterprise value of HOOK TECHNOLOGY LIMITED at £0 based on an EBITDA of £-5.8m and a 5.37x industry multiple (adjusted for size and gross margin).
hook technology limited Estimated Valuation
Pomanda estimates the enterprise value of HOOK TECHNOLOGY LIMITED at £21.1m based on Net Assets of £9.1m and 2.31x industry multiple (adjusted for liquidity).
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Hook Technology Limited Overview
Hook Technology Limited is a live company located in london, EC2V 6EE with a Companies House number of 12362866. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2019, it's largest shareholder is mohammed firaas rashid with a 40.9% stake. Hook Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.
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Hook Technology Limited Health Check
Pomanda's financial health check has awarded Hook Technology Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£3.6m)
- Hook Technology Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (10.2%)
- Hook Technology Limited
10.2% - Industry AVG
Production
with a gross margin of 74.2%, this company has a comparable cost of product (74.2%)
- Hook Technology Limited
74.2% - Industry AVG
Profitability
an operating margin of -514.7% make it less profitable than the average company (4.1%)
- Hook Technology Limited
4.1% - Industry AVG
Employees
with 18 employees, this is below the industry average (32)
18 - Hook Technology Limited
32 - Industry AVG
Pay Structure
on an average salary of £69k, the company has an equivalent pay structure (£69k)
- Hook Technology Limited
£69k - Industry AVG
Efficiency
resulting in sales per employee of £63.4k, this is less efficient (£118.5k)
- Hook Technology Limited
£118.5k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (59 days)
- Hook Technology Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (39 days)
- Hook Technology Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hook Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1501 weeks, this is more cash available to meet short term requirements (19 weeks)
1501 weeks - Hook Technology Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.5%, this is a lower level of debt than the average (58.1%)
3.5% - Hook Technology Limited
58.1% - Industry AVG
HOOK TECHNOLOGY LIMITED financials
Hook Technology Limited's latest turnover from January 2024 is estimated at £1.1 million and the company has net assets of £9.1 million. According to their latest financial statements, Hook Technology Limited has 18 employees and maintains cash reserves of £8.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 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 | 18 | 14 | 8 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 92,980 | 69,659 | 38,261 | 13,608 |
| Intangible Assets | 13,427 | 21,167 | 24,291 | 11,899 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 106,407 | 90,826 | 62,552 | 25,507 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 89,313 | 7,851 | 9,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 312,138 | 104,281 | 86,808 | 20,977 |
| Cash | 8,934,734 | 2,855,521 | 689,293 | 1,755,741 |
| misc current assets | 49 | 0 | 0 | 13,075 |
| total current assets | 9,336,234 | 2,967,653 | 785,101 | 1,789,793 |
| total assets | 9,442,641 | 3,058,479 | 847,653 | 1,815,300 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 58,415 | 13,158 | 31,723 | 5,064 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 251,073 | 69,534 | 34,928 | 625 |
| total current liabilities | 309,488 | 82,692 | 66,651 | 5,689 |
| loans | 24,030 | 33,800 | 44,448 | 50,000 |
| 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 | 24,030 | 33,800 | 44,448 | 50,000 |
| total liabilities | 333,518 | 116,492 | 111,099 | 55,689 |
| net assets | 9,109,123 | 2,941,987 | 736,554 | 1,759,611 |
| total shareholders funds | 9,109,123 | 2,941,987 | 736,554 | 1,759,611 |
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 23,245 | 17,415 | 9,566 | 4,536 |
| Amortisation | 7,740 | 7,740 | 6,816 | 2,975 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 401,451 | 16,324 | 74,831 | 20,977 |
| Creditors | 58,415 | -18,565 | 26,659 | 5,064 |
| Accruals and Deferred Income | 251,073 | 34,606 | 34,303 | 625 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 24,030 | -10,648 | -5,552 | 50,000 |
| 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 | 8,934,734 | 2,166,228 | -1,066,448 | 1,755,741 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 8,934,734 | 2,166,228 | -1,066,448 | 1,755,741 |
hook technology limited Credit Report and Business Information
Hook Technology Limited Competitor Analysis
Perform a competitor analysis for hook technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
hook technology limited Ownership
HOOK TECHNOLOGY LIMITED group structure
Hook Technology Limited has no subsidiary companies.
Ultimate parent company
HOOK TECHNOLOGY LIMITED
12362866
hook technology limited directors
Hook Technology Limited currently has 3 directors. The longest serving directors include Mr Mohammed Rashid (Dec 2019) and Miss Julie Kainz (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Rashid | England | 36 years | Dec 2019 | - | Director |
| Miss Julie Kainz | United Kingdom | 34 years | Dec 2023 | - | Director |
| Mr Daniel Waterhouse | England | 53 years | Dec 2023 | - | Director |
P&L
January 2024turnover
1.1m
0%
operating profit
-5.9m
0%
gross margin
74.2%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
9.1m
0%
total assets
9.4m
0%
cash
8.9m
0%
net assets
Total assets minus all liabilities
Similar Companies
hook technology limited company details
company number
12362866
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
December 2019
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
firaas enterprises limited (June 2020)
accountant
JACK BOWDEN
auditor
-
address
80 cheapside, london, EC2V 6EE
Bank
-
Legal Advisor
-
hook technology 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 hook technology limited.
hook technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
