the alcantara, block c, bonham quay, the docks galway ireland
Website
-
signify ireland technology development limitedEstimated Valuation
€15.1m
Pomanda estimates the enterprise value of SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED at €15.1m based on a Turnover of €11.1m and 1.36x industry multiple (adjusted for size and gross margin).
signify ireland technology development limitedEstimated Valuation
€21.8m
Pomanda estimates the enterprise value of SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED at €21.8m based on an EBITDA of €2.3m and a 9.43x industry multiple (adjusted for size and gross margin).
signify ireland technology development limitedEstimated Valuation
€5.6m
Pomanda estimates the enterprise value of SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED at €5.6m based on Net Assets of €2.5m and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Signify Ireland Technology Development LimitedOverview
Signify Ireland Technology Development Limited is a live company located in bonham quay. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in December 2021, it's largest shareholder is
signify health llc
with a 100% stake. Signify Ireland Technology Development Limited is a startup,
mid sized company, Pomanda has estimated its turnover at
€11.1m with
unknown
growth in recent years.
Signify Ireland Technology Development Limited Health Check
Pomanda's financial health check has awarded Signify Ireland Technology Development Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
5 Strong
0 Regular
3 Weak
Size
annual sales of €11.1m, make it larger than the average company (€5.3m)
€11.1m - Signify Ireland Technology Development Limited
€5.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Signify Ireland Technology Development Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (48.6%)
100% - Signify Ireland Technology Development Limited
48.6% - Industry AVG
Profitability
an operating margin of 16.1% make it more profitable than the average company (4.7%)
16.1% - Signify Ireland Technology Development Limited
4.7% - Industry AVG
Employees
with 54 employees, this is above the industry average (32)
54 - Signify Ireland Technology Development Limited
32 - Industry AVG
Pay Structure
on an average salary of €130.4k, the company has a higher pay structure (€68.8k)
€130.4k - Signify Ireland Technology Development Limited
€68.8k - Industry AVG
Efficiency
resulting in sales per employee of €205.5k, this is more efficient (€158.3k)
€205.5k - Signify Ireland Technology Development Limited
€158.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Signify Ireland Technology Development Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Signify Ireland Technology Development Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Signify Ireland Technology Development Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is less cash available to meet short term requirements (15 weeks)
9 weeks - Signify Ireland Technology Development Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.1%, this is a higher level of debt than the average (61.7%)
80.1% - Signify Ireland Technology Development Limited
61.7% - Industry AVG
SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED financials
EXPORT
Signify Ireland Technology Development Limited's latest turnover from December 2023 is €11.1 million and the company has net assets of €2.5 million. According to their latest financial statements, Signify Ireland Technology Development Limited has 54 employees and maintains cash reserves of €1.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Turnover
11,094,723
3,547,510
Other Income Or Grants
Cost Of Sales
Gross Profit
11,094,723
3,547,510
Admin Expenses
9,307,445
3,284,731
Operating Profit
1,787,278
262,779
Interest Payable
Interest Receivable
9,093
Pre-Tax Profit
1,796,371
262,779
Tax
-141,430
-1,865
Profit After Tax
1,654,941
260,914
Dividends Paid
Retained Profit
1,654,941
260,914
Employee Costs
7,040,080
1,855,813
Number Of Employees
54
11
EBITDA*
2,307,396
298,056
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Tangible Assets
5,239,837
849,824
Intangible Assets
195,675
Investments & Other
484,563
8,240
Debtors (Due After 1 year)
484,563
8,240
Total Fixed Assets
5,724,400
1,053,739
Stock & work in progress
Trade Debtors
Group Debtors
4,272,065
673,546
Misc Debtors
597,623
234,541
Cash
1,883,641
304,913
misc current assets
total current assets
6,753,329
1,213,000
total assets
12,477,729
2,266,739
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
7,868,146
621,770
other short term finances
hp & lease commitments
578,829
459,598
other current liabilities
1,511,807
515,607
total current liabilities
9,958,782
1,596,975
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
40,354
11,612
total long term liabilities
40,354
11,612
total liabilities
9,999,136
1,608,587
net assets
2,478,593
658,152
total shareholders funds
2,478,593
658,152
Dec 2023
Dec 2022
Operating Activities
Operating Profit
1,787,278
262,779
Depreciation
520,118
23,263
Amortisation
12,014
Tax
-141,430
-1,865
Stock
Debtors
4,437,924
916,327
Creditors
Accruals and Deferred Income
996,200
515,607
Deferred Taxes & Provisions
28,742
11,612
Cash flow from operations
-1,247,016
-92,917
Investing Activities
capital expenditure
-4,714,456
-1,080,776
Change in Investments
476,323
8,240
cash flow from investments
-5,190,779
-1,089,016
Financing Activities
Bank loans
Group/Directors Accounts
7,246,376
621,770
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
119,231
459,598
other long term liabilities
share issue
165,500
397,238
interest
9,093
cash flow from financing
7,540,200
1,478,606
cash and cash equivalents
cash
1,578,728
304,913
overdraft
change in cash
1,578,728
304,913
signify ireland technology development 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 signify ireland technology development limited. Get real-time insights into signify ireland technology development limited's credit score, group structure and payment trends.
Signify Ireland Technology Development Limited Competitor Analysis
Perform a competitor analysis for signify ireland technology development limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in Region Area area or any other competitors across 12 key performance metrics.
signify ireland technology development limited Ownership
SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED group structure
Signify Ireland Technology Development Limited has no subsidiary companies.
Ultimate parent company
SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED
IE709746
SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED Shareholders
The sole shareholder of Signify Ireland Technology Development Limited is Signify Health Llc.
signify health llc
100%
signify ireland technology development limited directors
Signify Ireland Technology Development Limited currently has 4 directors.
The longest serving directors include
Adam McAnaney (Dec 2021) and
Caroline O'Sullivan (Jun 2023).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
2.5m
+2.77%
total assets
12.5m
+4.5%
cash
1.9m
+5.18%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
signify ireland technology development limited company details
company number
IE709746
Type
LTD - PRIVATE COMPANY LIMITED BY SHARES
industry
62020 - Computer consultancy activities
62090 - Other information technology and computer service activities
incorporation date
December 2021
age
4
incorporated
IE
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG
address
the alcantara, block c, bonham quay, the docks galway ireland
Bank
J P MORGAN SE
Legal Advisor
DL PIPER IRELAND LLP
signify ireland technology development 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 signify ireland technology development limited.
signify ireland technology development 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.
Click to start generating capital raising & share issue transactions for SIGNIFY IRELAND TECHNOLOGY DEVELOPMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
signify ireland technology development limitedCompanies House Filings - See Documents
