alula insurtech ltd

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alula insurtech ltd Company Information

Share ALULA INSURTECH LTD

Company Number

14359357

Directors

Miles Woodhouse

Lee Kuyper

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Shareholders

alula technologies ltd

anna johanna terblanche

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Group Structure

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Industry

Other information technology and computer service activities

 +2

Registered Address

33 great portland street, london, W1W 8QG

Website

-

alula insurtech ltd Estimated Valuation

£209.8k

Pomanda estimates the enterprise value of ALULA INSURTECH LTD at £209.8k based on a Turnover of £243.9k and 0.86x industry multiple (adjusted for size and gross margin).

alula insurtech ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ALULA INSURTECH LTD at £0 based on an EBITDA of £-318.1k and a 5.24x industry multiple (adjusted for size and gross margin).

alula insurtech ltd Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of ALULA INSURTECH LTD at £7.2m based on Net Assets of £3.1m and 2.3x industry multiple (adjusted for liquidity).

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Alula Insurtech Ltd Overview

Alula Insurtech Ltd is a live company located in london, W1W 8QG with a Companies House number of 14359357. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2022, it's largest shareholder is alula technologies ltd with a 93% stake. Alula Insurtech Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £243.9k with unknown growth in recent years.

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Alula Insurtech Ltd Health Check

Pomanda's financial health check has awarded Alula Insurtech Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £243.9k, make it smaller than the average company (£5.3m)

£243.9k - Alula Insurtech Ltd

£5.3m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Alula Insurtech Ltd

- - Industry AVG

production

Production

with a gross margin of 62%, this company has a comparable cost of product (62%)

62% - Alula Insurtech Ltd

62% - Industry AVG

profitability

Profitability

an operating margin of -132.8% make it less profitable than the average company (4%)

-132.8% - Alula Insurtech Ltd

4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (35)

2 - Alula Insurtech Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £69.9k, the company has an equivalent pay structure (£69.9k)

£69.9k - Alula Insurtech Ltd

£69.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £121.9k, this is less efficient (£148.4k)

£121.9k - Alula Insurtech Ltd

£148.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Alula Insurtech Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (38 days)

0 days - Alula Insurtech Ltd

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Alula Insurtech Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Alula Insurtech Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.9%, this is a lower level of debt than the average (60.1%)

23.9% - Alula Insurtech Ltd

60.1% - Industry AVG

ALULA INSURTECH LTD financials

EXPORTms excel logo

Alula Insurtech Ltd's latest turnover from September 2023 is estimated at £243.9 thousand and the company has net assets of £3.1 million. According to their latest financial statements, Alula Insurtech Ltd has 2 employees and maintains cash reserves of £6.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023
Turnover243,882
Other Income Or Grants
Cost Of Sales92,664
Gross Profit151,218
Admin Expenses475,043
Operating Profit-323,825
Interest Payable
Interest Receivable174
Pre-Tax Profit-323,651
Tax
Profit After Tax-323,651
Dividends Paid
Retained Profit-323,651
Employee Costs139,730
Number Of Employees2
EBITDA*-318,102

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023
Tangible Assets750
Intangible Assets525,430
Investments & Other3,449,250
Debtors (Due After 1 year)
Total Fixed Assets3,975,430
Stock & work in progress
Trade Debtors
Group Debtors87,471
Misc Debtors37,840
Cash6,638
misc current assets
total current assets131,949
total assets4,107,379
Bank overdraft
Bank loan
Trade Creditors 168
Group/Directors Accounts971,483
other short term finances
hp & lease commitments
other current liabilities10,029
total current liabilities981,680
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities981,680
net assets3,125,699
total shareholders funds3,125,699
Sep 2023
Operating Activities
Operating Profit-323,825
Depreciation121
Amortisation5,602
Tax
Stock
Debtors125,311
Creditors168
Accruals and Deferred Income10,029
Deferred Taxes & Provisions
Cash flow from operations-433,216
Investing Activities
capital expenditure-531,903
Change in Investments3,449,250
cash flow from investments-3,981,153
Financing Activities
Bank loans
Group/Directors Accounts971,483
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue3,449,350
interest174
cash flow from financing4,421,007
cash and cash equivalents
cash6,638
overdraft
change in cash6,638

alula insurtech ltd 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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Alula Insurtech Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for alula insurtech ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.

alula insurtech ltd Ownership

ALULA INSURTECH LTD group structure

Alula Insurtech Ltd has no subsidiary companies.

Ultimate parent company

SUDU TRADING HONG KONG LIMITED

#0126100

2 parents

ALULA INSURTECH LTD

14359357

ALULA INSURTECH LTD Shareholders

alula technologies ltd 93.02%
anna johanna terblanche 1.86%
patrick anthony ashton 1.86%
barend jacobus burger 1.4%
nelson gomes namara 0.93%
ruth rumbidzai wotela 0.93%

alula insurtech ltd directors

Alula Insurtech Ltd currently has 6 directors. The longest serving directors include Mr Miles Woodhouse (Sep 2022) and Mr Lee Kuyper (Sep 2022).

officercountryagestartendrole
Mr Miles WoodhouseUnited Kingdom51 years Sep 2022- Director
Mr Lee KuyperEngland44 years Sep 2022- Director
Mr Patrick AshtonEngland51 years Oct 2023- Director
Mr Albert GeldenhuysEngland69 years Oct 2023- Director
Ms Anna TerblancheSouth Africa48 years Oct 2023- Director
Mr Daniel RodriguesEngland37 years Apr 2024- Director

P&L

September 2023

turnover

243.9k

0%

operating profit

-323.8k

0%

gross margin

62.1%

0%

turnover

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

Balance Sheet

September 2023

net assets

3.1m

0%

total assets

4.1m

0%

cash

6.6k

0%

net assets

Total assets minus all liabilities

Similar Companies

Similar companies unavailable for this selection

alula insurtech ltd company details

company number

14359357

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62090 - Other information technology and computer service activities

63110 - Data processing, hosting and related activities

incorporation date

September 2022

age

3

incorporated

UK

ultimate parent company

SUDU TRADING HONG KONG LIMITED

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

33 great portland street, london, W1W 8QG

Bank

-

Legal Advisor

-

alula insurtech ltd 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 alula insurtech ltd.

alula insurtech ltd 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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alula insurtech ltd Companies House Filings - See Documents

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