openwage limited
openwage limited Company Information
Company Number
12957705
Next Accounts
Mar 2025
Shareholders
r20 advisory limited
asite solutions limited
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
leconfield house curzon street, london, W1J 5JA
Website
openwage.comopenwage limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAGE LIMITED at £419.9k based on a Turnover of £492k and 0.85x industry multiple (adjusted for size and gross margin).
openwage limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAGE LIMITED at £0 based on an EBITDA of £-400.2k and a 5.21x industry multiple (adjusted for size and gross margin).
openwage limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAGE LIMITED at £0 based on Net Assets of £-1.6m and 2.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Openwage Limited Overview
Openwage Limited is a live company located in london, W1J 5JA with a Companies House number of 12957705. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2020, it's largest shareholder is r20 advisory limited with a 54.4% stake. Openwage Limited is a young, micro sized company, Pomanda has estimated its turnover at £492k with unknown growth in recent years.
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Openwage Limited Health Check
Pomanda's financial health check has awarded Openwage 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 £492k, make it smaller than the average company (£3.5m)
- Openwage Limited
£3.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Openwage Limited
- - Industry AVG
Production
with a gross margin of 72.3%, this company has a comparable cost of product (72.3%)
- Openwage Limited
72.3% - Industry AVG
Profitability
an operating margin of -109.8% make it less profitable than the average company (3.6%)
- Openwage Limited
3.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (32)
6 - Openwage Limited
32 - Industry AVG
Pay Structure
on an average salary of £66.6k, the company has an equivalent pay structure (£66.6k)
- Openwage Limited
£66.6k - Industry AVG
Efficiency
resulting in sales per employee of £82k, this is less efficient (£112.1k)
- Openwage Limited
£112.1k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (61 days)
- Openwage Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 831 days, this is slower than average (44 days)
- Openwage Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Openwage Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (19 weeks)
1 weeks - Openwage Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 353%, this is a higher level of debt than the average (61.1%)
353% - Openwage Limited
61.1% - Industry AVG
OPENWAGE LIMITED financials
Openwage Limited's latest turnover from June 2023 is estimated at £492 thousand and the company has net assets of -£1.6 million. According to their latest financial statements, Openwage Limited has 6 employees and maintains cash reserves of £61 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Dec 2021 | |
|---|---|---|---|
| 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 | 6 | 8 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 3,281 | 8,308 | 10,821 |
| Intangible Assets | 472,604 | 607,616 | 675,122 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 475,885 | 615,924 | 685,943 |
| Stock & work in progress | |||
| Trade Debtors | 53,609 | 18,966 | 92 |
| Group Debtors | |||
| Misc Debtors | 30,693 | 23,794 | 11,598 |
| Cash | 61,028 | 27,411 | 34,353 |
| misc current assets | |||
| total current assets | 145,330 | 70,171 | 46,043 |
| total assets | 621,215 | 686,095 | 731,986 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 310,339 | 334,974 | 319,994 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 1,882,227 | 1,384,458 | 958,520 |
| total current liabilities | 2,192,566 | 1,719,432 | 1,278,514 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 2,192,566 | 1,719,432 | 1,278,514 |
| net assets | -1,571,351 | -1,033,337 | -546,528 |
| total shareholders funds | -1,571,351 | -1,033,337 | -546,528 |
| Jun 2023 | Jun 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 5,027 | 2,513 | 4,229 |
| Amortisation | 135,012 | 67,506 | |
| Tax | |||
| Stock | |||
| Debtors | 41,542 | 31,070 | 11,690 |
| Creditors | -24,635 | 14,980 | 319,994 |
| Accruals and Deferred Income | 497,769 | 425,938 | 958,520 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 33,617 | -6,942 | 34,353 |
| overdraft | |||
| change in cash | 33,617 | -6,942 | 34,353 |
openwage limited Credit Report and Business Information
Openwage Limited Competitor Analysis
Perform a competitor analysis for openwage limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in W1J area or any other competitors across 12 key performance metrics.
openwage limited Ownership
OPENWAGE LIMITED group structure
Openwage Limited has no subsidiary companies.
Ultimate parent company
DUNAIN HOLDINGS LTD
#0076237
2 parents
OPENWAGE LIMITED
12957705
openwage limited directors
Openwage Limited currently has 3 directors. The longest serving directors include Mr Anthony Pickworth (Oct 2020) and Ms Nicole Martin (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Pickworth | England | 54 years | Oct 2020 | - | Director |
| Ms Nicole Martin | England | 61 years | Oct 2020 | - | Director |
| Mr Nathan Doughty | England | 49 years | Oct 2020 | - | Director |
P&L
June 2023turnover
492k
+10%
operating profit
-540.2k
0%
gross margin
72.4%
-1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-1.6m
+0.52%
total assets
621.2k
-0.09%
cash
61k
+1.23%
net assets
Total assets minus all liabilities
Similar Companies
openwage limited company details
company number
12957705
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
ARMSTRONG WATSON
auditor
-
address
leconfield house curzon street, london, W1J 5JA
Bank
-
Legal Advisor
-
openwage 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 openwage limited.
openwage 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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openwage limited Companies House Filings - See Documents
| date | description | view/download |
|---|
