Pomanda estimates the enterprise value of BIT COVE LIMITED at €401.7k based on a Turnover of €875.1k and 0.46x industry multiple (adjusted for size and gross margin).
bit cove limitedEstimated Valuation
€2.6k
Pomanda estimates the enterprise value of BIT COVE LIMITED at €2.6k based on an EBITDA of €654 and a 3.93x industry multiple (adjusted for size and gross margin).
bit cove limitedEstimated Valuation
€0
Pomanda estimates the enterprise value of BIT COVE LIMITED at €0 based on Net Assets of €-2.2k and 2.54x industry multiple (adjusted for liquidity).
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Bit Cove LimitedOverview
Bit Cove Limited is a live company located in tyrellstown plaza. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in March 2015, it's largest shareholder is
paul johnston
with a 10% stake. Bit Cove Limited is a established,
small sized company, Pomanda has estimated its turnover at
€875.1k with
high
growth in recent years.
Pomanda's financial health check has awarded Bit Cove Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
5 Regular
3 Weak
Size
annual sales of €875.1k, make it in line with the average company (€871.7k)
€875.1k - Bit Cove Limited
€871.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (8.5%)
25% - Bit Cove Limited
8.5% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
58.4% - Bit Cove Limited
58.4% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (7.4%)
0.1% - Bit Cove Limited
7.4% - Industry AVG
Employees
with 7 employees, this is similar to the industry average (8)
7 - Bit Cove Limited
8 - Industry AVG
Pay Structure
on an average salary of €57.1k, the company has an equivalent pay structure (€57.1k)
€57.1k - Bit Cove Limited
€57.1k - Industry AVG
Efficiency
resulting in sales per employee of €125k, this is equally as efficient (€132.4k)
€125k - Bit Cove Limited
€132.4k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (63 days)
77 days - Bit Cove Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (25 days)
82 days - Bit Cove Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bit Cove Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bit Cove Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.2%, this is a higher level of debt than the average (56%)
101.2% - Bit Cove Limited
56% - Industry AVG
BIT COVE LIMITED financials
EXPORT
Bit Cove Limited's latest turnover from December 2023 is estimated at €875.1 thousand and the company has net assets of -€2.2 thousand. According to their latest financial statements, we estimate that Bit Cove Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
875,098
900,024
668,858
442,996
337,088
468,953
235,661
587,595
Other Income Or Grants
Cost Of Sales
364,491
375,386
274,844
175,230
133,744
170,604
86,689
222,544
Gross Profit
510,607
524,638
394,013
267,766
203,343
298,349
148,972
365,051
Admin Expenses
509,952
525,416
394,748
267,825
201,828
298,675
147,232
368,565
Operating Profit
655
-778
-735
-59
1,515
-326
1,740
-3,514
Interest Payable
Interest Receivable
Pre-Tax Profit
655
-778
-735
-59
1,515
-326
1,740
-3,514
Tax
-118
-288
-331
Profit After Tax
537
-778
-735
-59
1,227
-326
1,409
-3,514
Dividends Paid
Retained Profit
537
-778
-735
-59
1,227
-326
1,409
-3,514
Employee Costs
400,030
385,072
325,053
203,751
161,343
224,322
104,457
281,990
Number Of Employees
7
7
6
4
3
4
2
5
EBITDA*
655
-778
-735
-59
1,515
-326
1,740
-3,514
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
Intangible Assets
Investments & Other
4
Debtors (Due After 1 year)
Total Fixed Assets
4
Stock & work in progress
Trade Debtors
186,450
200,419
144,338
88,887
65,530
95,110
47,935
95,726
Group Debtors
Misc Debtors
3,000
2,300
2,575
Cash
misc current assets
109
1,575
34,624
total current assets
186,450
200,419
147,338
91,187
68,105
95,219
49,510
130,350
total assets
186,450
200,419
147,338
91,187
68,109
95,219
49,510
130,350
Bank overdraft
Bank loan
Trade Creditors
82,726
112,849
90,683
73,290
62,301
87,750
42,738
133,864
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
82,726
112,849
90,683
73,290
62,301
87,750
42,738
133,864
loans
hp & lease commitments
Accruals and Deferred Income
105,963
90,346
58,653
19,160
7,012
9,900
8,877
other liabilities
provisions
total long term liabilities
105,963
90,346
58,653
19,160
7,012
9,900
8,877
total liabilities
188,689
203,195
149,336
92,450
69,313
97,650
51,615
133,864
net assets
-2,239
-2,776
-1,998
-1,263
-1,204
-2,431
-2,105
-3,514
total shareholders funds
-2,239
-2,776
-1,998
-1,263
-1,204
-2,431
-2,105
-3,514
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
655
-778
-735
-59
1,515
-326
1,740
-3,514
Depreciation
Amortisation
Tax
-118
-288
-331
Stock
Debtors
-13,969
53,081
56,151
23,082
-27,005
47,175
-47,791
95,726
Creditors
-30,123
22,166
17,393
10,989
-25,449
45,012
-91,126
133,864
Accruals and Deferred Income
15,617
31,693
39,493
12,148
-2,888
1,023
8,877
Deferred Taxes & Provisions
Cash flow from operations
-4
-105
-1,466
-33,049
34,624
Investing Activities
capital expenditure
Change in Investments
-4
4
cash flow from investments
4
-4
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
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
bit cove 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 bit cove limited. Get real-time insights into bit cove limited's credit score, group structure and payment trends.
Perform a competitor analysis for bit cove limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in Region Area area or any other competitors across 12 key performance metrics.
bit cove limited Ownership
BIT COVE LIMITED group structure
Bit Cove Limited has no subsidiary companies.
Ultimate parent company
BIT COVE LIMITED
IE559512
BIT COVE LIMITED Shareholders
The largest shareholders in Bit Cove Limited include Paul Johnston and Colm Costelloe.
paul johnston
10%
colm costelloe
10%
oliver corrigan
10%
michael thompson
10%
neil patteron
10%
colin o'sullivan
10%
przemyslaw guligowski
10%
felipe mantovani
10%
vikram singh
10%
hilary flynn
10%
bit cove limited directors
Bit Cove Limited currently has 28 directors.
The longest serving directors include
RONDA O'REILLY (May 2015) and
ANDREA HARVEY (May 2015).
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 bit cove limited.
bit cove 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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bit cove limitedCompanies House Filings - See Documents
