Other information technology and computer service activities
+1
Registered Address
unit 4 11.29 fashion street, london, E1 6PX
Website
-
hut eight digital development limitedEstimated Valuation
£164.6k
Pomanda estimates the enterprise value of HUT EIGHT DIGITAL DEVELOPMENT LIMITED at £164.6k based on a Turnover of £290.3k and 0.57x industry multiple (adjusted for size and gross margin).
hut eight digital development limitedEstimated Valuation
£3k
Pomanda estimates the enterprise value of HUT EIGHT DIGITAL DEVELOPMENT LIMITED at £3k based on an EBITDA of £867 and a 3.5x industry multiple (adjusted for size and gross margin).
hut eight digital development limitedEstimated Valuation
£176k
Pomanda estimates the enterprise value of HUT EIGHT DIGITAL DEVELOPMENT LIMITED at £176k based on Net Assets of £77.7k and 2.26x industry multiple (adjusted for liquidity).
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Hut Eight Digital Development LimitedOverview
Hut Eight Digital Development Limited is a live company located in london, E1 6PX with a Companies House number of 13376263. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2021, it's largest shareholder is
whje limited
with a 60% stake. Hut Eight Digital Development Limited is a startup,
micro sized company, Pomanda has estimated its turnover at
£290.3k with
unknown
growth in recent years.
Hut Eight Digital Development Limited Health Check
Pomanda's financial health check has awarded Hut Eight Digital Development Limited a 3 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
Health Rating3out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £290.3k, make it smaller than the average company (£5.3m)
£290.3k - Hut Eight Digital Development Limited
£5.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Hut Eight Digital Development Limited
- - Industry AVG
Production
with a gross margin of 34.1%, this company has a higher cost of product (61.2%)
34.1% - Hut Eight Digital Development Limited
61.2% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (3.7%)
0.3% - Hut Eight Digital Development Limited
3.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (37)
2 - Hut Eight Digital Development Limited
37 - Industry AVG
Pay Structure
on an average salary of £69.2k, the company has an equivalent pay structure (£69.2k)
£69.2k - Hut Eight Digital Development Limited
£69.2k - Industry AVG
Efficiency
resulting in sales per employee of £145.1k, this is equally as efficient (£143.5k)
£145.1k - Hut Eight Digital Development Limited
£143.5k - Industry AVG
Debtor Days
it gets paid by customers after 141 days, this is later than average (57 days)
141 days - Hut Eight Digital Development Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 240 days, this is slower than average (38 days)
240 days - Hut Eight Digital Development Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is more than average (16 days)
21 days - Hut Eight Digital Development Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 33 weeks, this is more cash available to meet short term requirements (17 weeks)
33 weeks - Hut Eight Digital Development Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.1%, this is a similar level of debt than the average (61.9%)
62.1% - Hut Eight Digital Development Limited
61.9% - Industry AVG
HUT EIGHT DIGITAL DEVELOPMENT LIMITED financials
EXPORT
Hut Eight Digital Development Limited's latest turnover from September 2023 is estimated at £290.3 thousand and the company has net assets of £77.7 thousand. According to their latest financial statements, Hut Eight Digital Development Limited has 2 employees and maintains cash reserves of £81 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Turnover
290,251
308,750
174,665
Other Income Or Grants
Cost Of Sales
191,415
200,657
115,099
Gross Profit
98,836
108,094
59,566
Admin Expenses
97,969
29,003
46,017
Operating Profit
867
79,091
13,549
Interest Payable
Interest Receivable
2,449
138
Pre-Tax Profit
3,316
79,230
13,549
Tax
-829
-15,054
-2,574
Profit After Tax
2,487
64,176
10,975
Dividends Paid
Retained Profit
2,487
64,176
10,975
Employee Costs
138,493
130,358
245,147
Number Of Employees
2
2
4
EBITDA*
867
79,091
13,549
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
11,066
11,066
Trade Debtors
112,515
130,402
29,997
Group Debtors
Misc Debtors
500
300
Cash
81,046
12,237
60
misc current assets
total current assets
205,127
154,005
30,057
total assets
205,127
154,005
30,057
Bank overdraft
Bank loan
Trade Creditors
125,889
75,301
12,243
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
125,889
75,301
12,243
loans
hp & lease commitments
Accruals and Deferred Income
1,500
3,453
6,739
other liabilities
provisions
total long term liabilities
1,500
3,453
6,739
total liabilities
127,389
78,754
18,982
net assets
77,738
75,251
11,075
total shareholders funds
77,738
75,251
11,075
Sep 2023
Sep 2022
Sep 2021
Operating Activities
Operating Profit
867
79,091
13,549
Depreciation
Amortisation
Tax
-829
-15,054
-2,574
Stock
11,066
Debtors
-17,687
100,705
29,997
Creditors
50,588
63,058
12,243
Accruals and Deferred Income
-1,953
-3,286
6,739
Deferred Taxes & Provisions
Cash flow from operations
66,360
12,038
-40
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
100
interest
2,449
138
cash flow from financing
2,449
138
100
cash and cash equivalents
cash
68,809
12,177
60
overdraft
change in cash
68,809
12,177
60
hut eight digital development limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for hut eight digital development limited. Get real-time insights into hut eight digital development limited's credit score, group structure and payment trends.
Hut Eight Digital Development Limited Competitor Analysis
Perform a competitor analysis for hut eight digital development limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in E 1 area or any other competitors across 12 key performance metrics.
hut eight digital development limited Ownership
HUT EIGHT DIGITAL DEVELOPMENT LIMITED group structure
Hut Eight Digital Development Limited has no subsidiary companies.
HUT EIGHT DIGITAL DEVELOPMENT LIMITED Shareholders
The largest shareholders in Hut Eight Digital Development Limited include Whje Limited and Eliot Jon Farrugia.
whje limited
60%
eliot jon farrugia
20%
bradley francis bartolo frendo
20%
hut eight digital development limited directors
Hut Eight Digital Development Limited currently has 4 directors.
The longest serving directors include
Mr Martin Wiggins (May 2021) and
Mr Craig Freeman (Jul 2021).
hut eight digital development 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 hut eight digital development limited.
hut eight digital development 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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hut eight digital development limitedCompanies House Filings - See Documents
