onfido holdings limited
onfido holdings limited Company Information
Company Number
13693711
Website
-Registered Address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
husayn kassai 53.5%
eamon jubbawy 20%
View Allonfido holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO HOLDINGS LIMITED at £191.3m based on a Turnover of £102.1m and 1.87x industry multiple (adjusted for size and gross margin).
onfido holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO HOLDINGS LIMITED at £0 based on an EBITDA of £-68.2m and a 14.69x industry multiple (adjusted for size and gross margin).
onfido holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ONFIDO HOLDINGS LIMITED at £0 based on Net Assets of £-9.4m and 2.27x industry multiple (adjusted for liquidity).
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Onfido Holdings Limited Overview
Onfido Holdings Limited is a live company located in london, EC2A 1AH with a Companies House number of 13693711. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2021, it's largest shareholder is husayn kassai with a 53.4% stake. Onfido Holdings Limited is a startup, mega sized company, Pomanda has estimated its turnover at £102.1m with unknown growth in recent years.
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Onfido Holdings Limited Health Check
Pomanda's financial health check has awarded Onfido Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £102.1m, make it larger than the average company (£3.3m)
£102.1m - Onfido Holdings Limited
£3.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Onfido Holdings Limited
- - Industry AVG
Production
with a gross margin of 75.6%, this company has a lower cost of product (38.9%)
75.6% - Onfido Holdings Limited
38.9% - Industry AVG
Profitability
an operating margin of -68.6% make it less profitable than the average company (6.4%)
-68.6% - Onfido Holdings Limited
6.4% - Industry AVG
Employees
with 634 employees, this is above the industry average (21)
634 - Onfido Holdings Limited
21 - Industry AVG
Pay Structure
on an average salary of £137.1k, the company has a higher pay structure (£46.4k)
£137.1k - Onfido Holdings Limited
£46.4k - Industry AVG
Efficiency
resulting in sales per employee of £161k, this is equally as efficient (£144.9k)
£161k - Onfido Holdings Limited
£144.9k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (41 days)
74 days - Onfido Holdings Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (33 days)
72 days - Onfido Holdings Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Onfido Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is average cash available to meet short term requirements (26 weeks)
29 weeks - Onfido Holdings Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.1%, this is a higher level of debt than the average (62.2%)
110.1% - Onfido Holdings Limited
62.2% - Industry AVG
ONFIDO HOLDINGS LIMITED financials
Onfido Holdings Limited's latest turnover from January 2023 is £102.1 million and the company has net assets of -£9.4 million. According to their latest financial statements, Onfido Holdings Limited has 634 employees and maintains cash reserves of £46.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Turnover | 102,099,352 | 94,513,197 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 24,913,168 | 26,902,983 |
| Gross Profit | 77,186,184 | 67,610,214 |
| Admin Expenses | 147,206,766 | 112,965,302 |
| Operating Profit | -70,020,582 | -45,355,088 |
| Interest Payable | 217,152 | 0 |
| Interest Receivable | 48,091 | 195,949 |
| Pre-Tax Profit | -70,189,643 | -45,159,139 |
| Tax | 4,013,488 | 930,773 |
| Profit After Tax | -66,176,155 | -44,228,366 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -66,176,155 | -44,228,366 |
| Employee Costs | 86,948,101 | 2,284,831 |
| Number Of Employees | 634 | 494 |
| EBITDA* | -68,237,114 | -44,356,506 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Tangible Assets | 1,659,100 | 1,019,569 |
| Intangible Assets | 14,049,956 | 2,637,286 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 15,709,056 | 3,656,855 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 20,913,000 | 23,034,196 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 9,461,668 | 4,839,203 |
| Cash | 46,604,940 | 57,123,693 |
| misc current assets | 0 | 0 |
| total current assets | 76,979,608 | 84,997,092 |
| total assets | 92,688,664 | 88,653,947 |
| Bank overdraft | 0 | 0 |
| Bank loan | 24,306,360 | 0 |
| Trade Creditors | 4,953,077 | 5,144,805 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 52,836,506 | 43,343,989 |
| total current liabilities | 82,095,943 | 48,488,794 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 17,095,473 | 0 |
| provisions | 2,869,641 | 0 |
| total long term liabilities | 19,965,114 | 0 |
| total liabilities | 102,061,057 | 48,488,794 |
| net assets | -9,372,393 | 40,165,153 |
| total shareholders funds | -9,372,393 | 40,165,153 |
| Jan 2023 | Jan 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -70,020,582 | -45,355,088 |
| Depreciation | 811,022 | 800,111 |
| Amortisation | 972,446 | 198,471 |
| Tax | 4,013,488 | 930,773 |
| Stock | 0 | 0 |
| Debtors | 2,501,269 | 27,873,399 |
| Creditors | -191,728 | 5,144,805 |
| Accruals and Deferred Income | 9,492,517 | 43,343,989 |
| Deferred Taxes & Provisions | 2,869,641 | 0 |
| Cash flow from operations | -54,554,465 | -22,810,338 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 24,306,360 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 17,095,473 | 0 |
| share issue | ||
| interest | -169,061 | 195,949 |
| cash flow from financing | 57,871,381 | 84,589,468 |
| cash and cash equivalents | ||
| cash | -10,518,753 | 57,123,693 |
| overdraft | 0 | 0 |
| change in cash | -10,518,753 | 57,123,693 |
onfido holdings limited Credit Report and Business Information
Onfido Holdings Limited Competitor Analysis
Perform a competitor analysis for onfido holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
onfido holdings limited Ownership
ONFIDO HOLDINGS LIMITED group structure
Onfido Holdings Limited has 1 subsidiary company.
onfido holdings limited directors
Onfido Holdings Limited currently has 4 directors. The longest serving directors include Mr Michael Zappert (Oct 2021) and Mr Jeffrey Sage (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Zappert | United States | 43 years | Oct 2021 | - | Director |
| Mr Jeffrey Sage | United Kingdom | 41 years | Oct 2021 | - | Director |
| Mr Kurt Ishaug | England | 57 years | Apr 2024 | - | Director |
| Ms Lisa Tibbits | England | 56 years | Apr 2024 | - | Director |
P&L
January 2023turnover
102.1m
+8%
operating profit
-70m
+54%
gross margin
75.6%
+5.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-9.4m
-1.23%
total assets
92.7m
+0.05%
cash
46.6m
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
onfido holdings limited company details
company number
13693711
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2021
age
3
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
14-18 finsbury square, 3rd floor, london, EC2A 1AH
last accounts submitted
January 2023
onfido holdings 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 found 4 charges/mortgages relating to onfido holdings limited. Currently there are 0 open charges and 4 have been satisfied in the past.
onfido holdings limited Companies House Filings - See Documents
| date | description | view/download |
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