octopus electroverse limited
octopus electroverse limited Company Information
Company Number
15274675
Next Accounts
Jan 2026
Shareholders
octopus energy group limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
uk house, 5th floor, 164-182 oxford street, london, W1D 1NN
Website
-octopus electroverse limited Estimated Valuation
Pomanda estimates the enterprise value of OCTOPUS ELECTROVERSE LIMITED at £1.9m based on a Turnover of £9.6m and 0.19x industry multiple (adjusted for size and gross margin).
octopus electroverse limited Estimated Valuation
Pomanda estimates the enterprise value of OCTOPUS ELECTROVERSE LIMITED at £0 based on an EBITDA of £-5.5m and a 1.18x industry multiple (adjusted for size and gross margin).
octopus electroverse limited Estimated Valuation
Pomanda estimates the enterprise value of OCTOPUS ELECTROVERSE LIMITED at £0 based on Net Assets of £-5m and 2.38x industry multiple (adjusted for liquidity).
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Octopus Electroverse Limited Overview
Octopus Electroverse Limited is a live company located in london, W1D 1NN with a Companies House number of 15274675. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2023, it's largest shareholder is octopus energy group limited with a 100% stake. Octopus Electroverse Limited is a startup, mid sized company, Pomanda has estimated its turnover at £9.6m with unknown growth in recent years.
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Octopus Electroverse Limited Health Check
Pomanda's financial health check has awarded Octopus Electroverse Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £9.6m, make it larger than the average company (£4m)
£9.6m - Octopus Electroverse Limited
£4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Octopus Electroverse Limited
- - Industry AVG
Production
with a gross margin of -42.1%, this company has a higher cost of product (73%)
-42.1% - Octopus Electroverse Limited
73% - Industry AVG
Profitability
an operating margin of -59.4% make it less profitable than the average company (4%)
-59.4% - Octopus Electroverse Limited
4% - Industry AVG
Employees
with 29 employees, this is similar to the industry average (36)
29 - Octopus Electroverse Limited
36 - Industry AVG
Pay Structure
on an average salary of £68.7k, the company has an equivalent pay structure (£68.7k)
- Octopus Electroverse Limited
£68.7k - Industry AVG
Efficiency
resulting in sales per employee of £331.1k, this is more efficient (£123.1k)
£331.1k - Octopus Electroverse Limited
£123.1k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (58 days)
9 days - Octopus Electroverse Limited
58 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Octopus Electroverse Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Octopus Electroverse Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (17 weeks)
12 weeks - Octopus Electroverse Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 166%, this is a higher level of debt than the average (59.9%)
166% - Octopus Electroverse Limited
59.9% - Industry AVG
OCTOPUS ELECTROVERSE LIMITED financials
Octopus Electroverse Limited's latest turnover from April 2024 is £9.6 million and the company has net assets of -£5 million. According to their latest financial statements, Octopus Electroverse Limited has 29 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | |
|---|---|
| Turnover | 9,601,000 |
| Other Income Or Grants | |
| Cost Of Sales | 13,640,000 |
| Gross Profit | -4,039,000 |
| Admin Expenses | 1,664,000 |
| Operating Profit | -5,703,000 |
| Interest Payable | |
| Interest Receivable | |
| Pre-Tax Profit | -5,736,000 |
| Tax | 739,000 |
| Profit After Tax | -4,997,000 |
| Dividends Paid | |
| Retained Profit | -4,997,000 |
| Employee Costs | |
| Number Of Employees | 29 |
| EBITDA* | -5,463,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | |
|---|---|
| Tangible Assets | |
| Intangible Assets | 2,539,000 |
| Investments & Other | |
| Debtors (Due After 1 year) | |
| Total Fixed Assets | 2,539,000 |
| Stock & work in progress | |
| Trade Debtors | 257,000 |
| Group Debtors | 1,783,000 |
| Misc Debtors | 92,000 |
| Cash | 2,834,000 |
| misc current assets | |
| total current assets | 4,966,000 |
| total assets | 7,505,000 |
| Bank overdraft | |
| Bank loan | |
| Trade Creditors | |
| Group/Directors Accounts | 11,120,000 |
| other short term finances | |
| hp & lease commitments | |
| other current liabilities | 723,000 |
| total current liabilities | 11,843,000 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | |
| provisions | 615,000 |
| total long term liabilities | 615,000 |
| total liabilities | 12,458,000 |
| net assets | -4,953,000 |
| total shareholders funds | -4,953,000 |
| Apr 2024 | |
|---|---|
| Operating Activities | |
| Operating Profit | -5,703,000 |
| Depreciation | |
| Amortisation | 240,000 |
| Tax | 739,000 |
| Stock | |
| Debtors | 2,132,000 |
| Creditors | |
| Accruals and Deferred Income | 723,000 |
| Deferred Taxes & Provisions | 615,000 |
| Cash flow from operations | -5,518,000 |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | |
| Group/Directors Accounts | 11,120,000 |
| Other Short Term Loans | |
| Long term loans | |
| Hire Purchase and Lease Commitments | |
| other long term liabilities | |
| share issue | |
| interest | |
| cash flow from financing | 11,164,000 |
| cash and cash equivalents | |
| cash | 2,834,000 |
| overdraft | |
| change in cash | 2,834,000 |
octopus electroverse limited Credit Report and Business Information
Octopus Electroverse Limited Competitor Analysis
Perform a competitor analysis for octopus electroverse limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in W1D area or any other competitors across 12 key performance metrics.
octopus electroverse limited Ownership
OCTOPUS ELECTROVERSE LIMITED group structure
Octopus Electroverse Limited has no subsidiary companies.
Ultimate parent company
1 parent
OCTOPUS ELECTROVERSE LIMITED
15274675
octopus electroverse limited directors
Octopus Electroverse Limited currently has 2 directors. The longest serving directors include Ms Zoisa North-Bond (Nov 2023) and Mr Matthew Davies (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Zoisa North-Bond | United Kingdom | 45 years | Nov 2023 | - | Director |
| Mr Matthew Davies | United Kingdom | 33 years | Nov 2023 | - | Director |
P&L
April 2024turnover
9.6m
0%
operating profit
-5.7m
0%
gross margin
-42%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-5m
0%
total assets
7.5m
0%
cash
2.8m
0%
net assets
Total assets minus all liabilities
Similar Companies
octopus electroverse limited company details
company number
15274675
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 2023
age
2
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
uk house, 5th floor, 164-182 oxford street, london, W1D 1NN
Bank
HSBC BANK PLC
Legal Advisor
-
octopus electroverse 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 octopus electroverse limited.
octopus electroverse 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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octopus electroverse limited Companies House Filings - See Documents
| date | description | view/download |
|---|
