Pomanda estimates the enterprise value of OPEN TEXT IRELAND LIMITED at €61.6m based on a Turnover of €22.2m and 2.78x industry multiple (adjusted for size and gross margin).
open text ireland limitedEstimated Valuation
€9.8m
Pomanda estimates the enterprise value of OPEN TEXT IRELAND LIMITED at €9.8m based on an EBITDA of €609.7k and a 16.1x industry multiple (adjusted for size and gross margin).
open text ireland limitedEstimated Valuation
€8.5m
Pomanda estimates the enterprise value of OPEN TEXT IRELAND LIMITED at €8.5m based on Net Assets of €4.3m and 2x industry multiple (adjusted for liquidity).
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Open Text Ireland LimitedOverview
Open Text Ireland Limited is a live company located in kinsale road cork, 999937 with a Companies House number of IE228481. It operates in the manufacture of computers and peripheral equipment sector, SIC Code 26200. Founded in February 1995, it's largest shareholder is
open text cooperatief u.a.
with a 100% stake. Open Text Ireland Limited is a mature,
large sized company, Pomanda has estimated its turnover at
€22.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Open Text Ireland Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
6 Strong
1 Regular
3 Weak
Size
annual sales of €22.2m, make it larger than the average company (€17.8m)
€22.2m - Open Text Ireland Limited
€17.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.5%)
21% - Open Text Ireland Limited
6.5% - Industry AVG
Production
with a gross margin of 95%, this company has a lower cost of product (31.7%)
95% - Open Text Ireland Limited
31.7% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (3.6%)
2.4% - Open Text Ireland Limited
3.6% - Industry AVG
Employees
with 209 employees, this is above the industry average (67)
209 - Open Text Ireland Limited
67 - Industry AVG
Pay Structure
on an average salary of €79.5k, the company has an equivalent pay structure (€66.6k)
€79.5k - Open Text Ireland Limited
€66.6k - Industry AVG
Efficiency
resulting in sales per employee of €106.1k, this is less efficient (€238k)
€106.1k - Open Text Ireland Limited
€238k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (45 days)
15 days - Open Text Ireland Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (33 days)
77 days - Open Text Ireland Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Open Text Ireland Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Open Text Ireland Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.1%, this is a higher level of debt than the average (48.9%)
93.1% - Open Text Ireland Limited
48.9% - Industry AVG
OPEN TEXT IRELAND LIMITED financials
EXPORT
Open Text Ireland Limited's latest turnover from June 2023 is €22.2 million and the company has net assets of €4.3 million. According to their latest financial statements, Open Text Ireland Limited has 209 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Turnover
22,169,724
17,811,183
13,706,469
12,565,615
12,083,258
13,485,083
8,864,486
4,723,844
Other Income Or Grants
Cost Of Sales
1,109,611
320,554
154,556
73,051
1,052,073
99,019
43,376
Gross Profit
21,060,113
17,490,629
13,551,913
12,492,564
11,031,185
13,386,064
8,821,110
4,723,844
Admin Expenses
20,523,276
16,913,714
12,964,409
12,625,008
10,950,238
15,054,837
8,648,654
4,506,970
Operating Profit
536,837
576,915
587,504
-132,444
80,947
-1,668,773
172,456
216,874
Interest Payable
1,779,050
34,421
28,594
111,344
50,591
178,131
35,515
10,264
Interest Receivable
1,865,021
294,257
111,579
110,110
4,128
3,000
Pre-Tax Profit
622,808
836,751
670,489
-133,678
34,484
-1,857,305
279,070
219,063
Tax
-216,549
-167,424
-142,687
-139,256
-139,595
-119,967
-136,069
-97,198
Profit After Tax
406,259
669,327
527,802
-272,934
-105,111
-1,977,272
143,001
121,865
Dividends Paid
Retained Profit
406,259
669,327
527,802
-272,934
-105,111
-1,977,272
143,001
121,865
Employee Costs
16,610,010
15,209,889
11,740,222
10,174,833
9,238,106
7,871,984
5,887,635
2,558,384
Number Of Employees
209
208
176
159
156
133
123
51
EBITDA*
609,691
664,611
810,774
759,988
1,075,255
-394,916
1,181,186
893,256
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Tangible Assets
261,164
175,075
224,251
418,597
1,213,873
1,908,717
2,790,180
3,234,132
Intangible Assets
813,967
75,817
93,416
111,014
733,701
1,180,719
3,488,513
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,075,131
250,892
317,667
529,611
1,947,574
3,089,436
6,278,693
3,234,132
Stock & work in progress
Trade Debtors
952,554
38,948
16,087
61,098
520,524
Group Debtors
59,794,142
5,561,336
4,456,195
4,909,584
7,571,132
9,624,167
3,928,480
1,440,970
Misc Debtors
403,847
339,669
391,679
408,625
270,871
226,454
401,510
306,558
Cash
5,370
8,240
933,179
732,079
misc current assets
total current assets
61,150,543
5,939,953
4,863,961
5,379,307
8,367,897
9,858,861
5,263,169
2,479,607
total assets
62,225,674
6,190,845
5,181,628
5,908,918
10,315,471
12,948,297
11,541,862
5,713,739
Bank overdraft
Bank loan
Trade Creditors
235,933
157,466
86,807
224,659
149,161
166,384
134,713
64,863
Group/Directors Accounts
55,060,832
631,108
609,547
2,083,902
6,431,188
7,903,134
5,180,424
102,872
other short term finances
hp & lease commitments
other current liabilities
2,197,922
1,456,447
1,291,909
1,022,264
879,928
1,914,306
1,280,813
738,925
total current liabilities
57,494,687
2,245,021
1,988,263
3,330,825
7,460,277
9,983,824
6,595,950
906,660
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
11,750
25,850
39,950
54,050
68,150
82,250
96,350
110,450
provisions
445,014
355,499
345,567
335,634
325,701
315,769
305,836
295,904
total long term liabilities
456,764
381,349
385,517
389,684
393,851
398,019
402,186
406,354
total liabilities
57,951,451
2,626,370
2,373,780
3,720,509
7,854,128
10,381,843
6,998,136
1,313,014
net assets
4,274,223
3,564,475
2,807,848
2,188,409
2,461,343
2,566,454
4,543,726
4,400,725
total shareholders funds
4,274,223
3,564,475
2,807,848
2,188,409
2,461,343
2,566,454
4,543,726
4,400,725
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Operating Activities
Operating Profit
536,837
576,915
587,504
-132,444
80,947
-1,668,773
172,456
216,874
Depreciation
72,854
87,696
205,672
794,945
856,056
908,542
844,095
676,382
Amortisation
17,598
97,487
138,252
365,315
164,635
Tax
-216,549
-167,424
-142,687
-139,256
-139,595
-119,967
-136,069
-97,198
Stock
Debtors
55,210,590
1,075,992
-515,346
-2,983,220
-1,488,094
5,520,631
2,582,462
1,747,528
Creditors
78,467
70,659
-137,852
75,498
-17,223
31,671
69,850
64,863
Accruals and Deferred Income
741,475
164,538
269,645
142,336
-1,034,378
633,493
541,888
738,925
Deferred Taxes & Provisions
89,515
9,932
9,933
9,933
9,932
9,933
9,932
295,904
Cash flow from operations
-53,907,991
-333,676
1,325,159
3,831,719
1,382,085
-5,360,417
-915,675
148,222
Investing Activities
capital expenditure
-897,093
-20,921
-11,326
525,531
147,554
1,915,400
-4,053,291
-3,910,514
Change in Investments
cash flow from investments
-897,093
-20,921
-11,326
525,531
147,554
1,915,400
-4,053,291
-3,910,514
Financing Activities
Bank loans
Group/Directors Accounts
54,429,724
21,561
-1,474,355
-4,347,286
-1,471,946
2,722,710
5,077,552
102,872
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-14,100
-14,100
-14,100
-14,100
-14,100
-14,100
-14,100
110,450
share issue
303,489
87,300
91,637
4,278,860
interest
85,971
259,836
82,985
-1,234
-46,463
-178,131
-32,515
-10,264
cash flow from financing
54,805,084
354,597
-1,313,833
-4,362,620
-1,532,509
2,530,479
5,030,937
4,481,918
cash and cash equivalents
cash
-5,370
-2,870
-924,939
201,100
732,079
overdraft
change in cash
-5,370
-2,870
-924,939
201,100
732,079
open text ireland limited 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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open text ireland limited Ownership
OPEN TEXT IRELAND LIMITED group structure
Open Text Ireland Limited has no subsidiary companies.
Ultimate parent company
OPEN TEXT CORP
#0094438
OPEN TEXT COOPERATIEF UA
#0087442
2 parents
OPEN TEXT IRELAND LIMITED
IE228481
OPEN TEXT IRELAND LIMITED Shareholders
The sole shareholder of Open Text Ireland Limited is Open Text Cooperatief U.A..
open text cooperatief u.a.
100%
open text ireland limited directors
Open Text Ireland Limited currently has 5 directors.
The longest serving directors include
GORDON ALLAN DAVIES (Dec 2009) and
MADHU RANGANATHAN (Aug 2018).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023
net assets
4.3m
+0.2%
total assets
62.2m
+9.05%
cash
0
0%
net assets
Total assets minus all liabilities
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open text ireland limited company details
company number
IE228481
Type
LTD - PRIVATE COMPANY LIMITED BY SHARES
industry
26200 - Manufacture of computers and peripheral equipment
incorporation date
February 1995
age
30
incorporated
IE
ultimate parent company
OPEN TEXT CORP
accounts
Full Accounts
last accounts submitted
June 2023
previous names
centrinity limited (May 2000)
softarc international limited (February 1995)
accountant
-
auditor
KPMG
address
building 2800/2900, cork airport business park, kinsale road cork, co cork cork, 999937
Bank
CITIBANK EUROPE PLC
Legal Advisor
-
open text ireland 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 open text ireland limited.
open text ireland 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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open text ireland limitedCompanies House Filings - See Documents
