boltzbit limited

boltzbit limited Company Information

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Company Number

12398587

Industry

Data processing, hosting and related activities

 

Business and domestic software development

 
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Directors

Yichuan Zhang

Jinli Hu

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Shareholders

yichuan zhang

speedinvest iii euveca gmbh & co kg

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Group Structure

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Contact

Registered Address

office 202 221 pentonville road, london, N1 9UZ

boltzbit limited Estimated Valuation

£801.3k

Pomanda estimates the enterprise value of BOLTZBIT LIMITED at £801.3k based on a Turnover of £824.8k and 0.97x industry multiple (adjusted for size and gross margin).

boltzbit limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BOLTZBIT LIMITED at £0 based on an EBITDA of £-714.8k and a 5.33x industry multiple (adjusted for size and gross margin).

boltzbit limited Estimated Valuation

£493.5k

Pomanda estimates the enterprise value of BOLTZBIT LIMITED at £493.5k based on Net Assets of £215k and 2.3x industry multiple (adjusted for liquidity).

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Boltzbit Limited Overview

Boltzbit Limited is a live company located in london, N1 9UZ with a Companies House number of 12398587. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2020, it's largest shareholder is yichuan zhang with a 35.6% stake. Boltzbit Limited is a startup, small sized company, Pomanda has estimated its turnover at £824.8k with high growth in recent years.

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Boltzbit Limited Health Check

Pomanda's financial health check has awarded Boltzbit Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £824.8k, make it smaller than the average company (£5.2m)

£824.8k - Boltzbit Limited

£5.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (8.5%)

29% - Boltzbit Limited

8.5% - Industry AVG

production

Production

with a gross margin of 58.6%, this company has a comparable cost of product (58.6%)

58.6% - Boltzbit Limited

58.6% - Industry AVG

profitability

Profitability

an operating margin of -88.1% make it less profitable than the average company (3.7%)

-88.1% - Boltzbit Limited

3.7% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (37)

7 - Boltzbit Limited

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £70.5k, the company has an equivalent pay structure (£70.5k)

£70.5k - Boltzbit Limited

£70.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £117.8k, this is less efficient (£142.6k)

£117.8k - Boltzbit Limited

£142.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Boltzbit Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (37 days)

3 days - Boltzbit Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Boltzbit Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (23 weeks)

80 weeks - Boltzbit Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.4%, this is a lower level of debt than the average (53.8%)

19.4% - Boltzbit Limited

53.8% - Industry AVG

BOLTZBIT LIMITED financials

EXPORTms excel logo

Boltzbit Limited's latest turnover from January 2024 is estimated at £824.8 thousand and the company has net assets of £215 thousand. According to their latest financial statements, Boltzbit Limited has 7 employees and maintains cash reserves of £80.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021
Turnover824,793821,504648,719383,852
Other Income Or Grants0000
Cost Of Sales341,105335,434267,387161,004
Gross Profit483,688486,070381,332222,849
Admin Expenses1,210,2561,302,935841,934438,545
Operating Profit-726,568-816,865-460,602-215,696
Interest Payable0000
Interest Receivable21,28640,6112,585239
Pre-Tax Profit-705,282-776,254-458,017-215,457
Tax0000
Profit After Tax-705,282-776,254-458,017-215,457
Dividends Paid0000
Retained Profit-705,282-776,254-458,017-215,457
Employee Costs493,727473,938376,164177,846
Number Of Employees7763
EBITDA*-714,805-798,718-444,559-207,554

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021
Tangible Assets5,72216,44426,68936,669
Intangible Assets0000
Investments & Other22,50222,50200
Debtors (Due After 1 year)0000
Total Fixed Assets28,22438,94626,68936,669
Stock & work in progress0000
Trade Debtors0000
Group Debtors0000
Misc Debtors158,108178,540106,88384,448
Cash80,518730,3731,590,246477,927
misc current assets0000
total current assets238,626908,9131,697,129562,375
total assets266,850947,8591,723,818599,044
Bank overdraft0000
Bank loan0000
Trade Creditors 3,2727,8178,1700
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities48,55219,73419,08614,496
total current liabilities51,82427,55127,25614,496
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions0000
total long term liabilities0000
total liabilities51,82427,55127,25614,496
net assets215,026920,3081,696,562584,548
total shareholders funds215,026920,3081,696,562584,548
Jan 2024Jan 2023Jan 2022Jan 2021
Operating Activities
Operating Profit-726,568-816,865-460,602-215,696
Depreciation11,76318,14716,0438,142
Amortisation0000
Tax0000
Stock0000
Debtors-20,43271,65722,43584,448
Creditors-4,545-3538,1700
Accruals and Deferred Income28,8186484,59014,496
Deferred Taxes & Provisions0000
Cash flow from operations-670,100-870,080-454,234-277,506
Investing Activities
capital expenditure-1,041-7,902-6,063-44,811
Change in Investments022,50200
cash flow from investments-1,041-30,404-6,063-44,811
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue001,570,031800,005
interest21,28640,6112,585239
cash flow from financing21,28640,6111,572,616800,244
cash and cash equivalents
cash-649,855-859,8731,112,319477,927
overdraft0000
change in cash-649,855-859,8731,112,319477,927

boltzbit 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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Boltzbit Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for boltzbit limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N 1 area or any other competitors across 12 key performance metrics.

boltzbit limited Ownership

BOLTZBIT LIMITED group structure

Boltzbit Limited has no subsidiary companies.

Ultimate parent company

BOLTZBIT LIMITED

12398587

BOLTZBIT LIMITED Shareholders

yichuan zhang 35.6%
speedinvest iii euveca gmbh & co kg 16.99%
jinli hu 14.56%
hanchen xiong 14.56%
iq capital fund iii lp 12.6%
iq capital partners nominee limited 2.95%
iq capital fund iii c lp 0.92%
yi luo 0.81%
pete hutton 0.35%
jeremy lewis 0.35%

boltzbit limited directors

Boltzbit Limited currently has 3 directors. The longest serving directors include Dr Yichuan Zhang (Jan 2020) and Dr Jinli Hu (Jan 2020).

officercountryagestartendrole
Dr Yichuan ZhangEngland38 years Jan 2020- Director
Dr Jinli HuEngland35 years Jan 2020- Director
Mr Jingchun HaoEngland39 years Jan 2022- Director

P&L

January 2024

turnover

824.8k

0%

operating profit

-726.6k

0%

gross margin

58.7%

-0.89%

turnover

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

Balance Sheet

January 2024

net assets

215k

-0.77%

total assets

266.9k

-0.72%

cash

80.5k

-0.89%

net assets

Total assets minus all liabilities

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boltzbit limited company details

company number

12398587

Type

Private limited with Share Capital

industry

63110 - Data processing, hosting and related activities

62012 - Business and domestic software development

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

January 2020

age

4

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

MAX ACCOUNTANTS LTD

auditor

-

address

office 202 221 pentonville road, london, N1 9UZ

Bank

-

Legal Advisor

-

boltzbit 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 boltzbit limited.

boltzbit 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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boltzbit limited Companies House Filings - See Documents

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