October 2014, Issue # 2 |
IN this second issue of our monthly newsletter we provide a summary of achievements, a recap of posts published during the month along with our focus for the month ahead including important milestones.
October achievements
In October, we focused on highlighting a selection of financial metrics and key performance indicators (KPI’s) for UK registered companies to demonstrate our strengths in processing big data and visualising the results using graphs and KPI scorecards. In addition, we made significant progress in the development of our DataManager visualization tool.
Financial metrics and KPI’s
The base measures for the UK company financial metrics and KPI’s were extracted from over 2 million annual accounts filings for 2013 and 2014. Out of 620 data points we selected 4 that were present in the majority of annual account filings: cash and bank balances; net current assets; profit and loss reserves and shareholder funds or net assets.
Business Intelligence Tools
DataManager, our Business Intelligence tool, is now in the final stages of development. The Standard version allows Clients to analyse and visualize company data, director and officer appointments and financial accounting metrics.
FinanceManager, is the name of our second BI tool which is also in the final stages of development. FinanceManager comes with additional functionality that allows Clients to review, customise and add value analysis ratios for liquidity, gross margin and return on capital.
Consultancy
We are now in a position to offer a Consultancy Service to our Clients. Details of this bespoke service can be reviewed here.
Quick facts
England and Wales have 94% of all UK company cash balances
Will UK companies exceed their £51 billion cash hoard?
Over 50% of UK company accounts are filed in Q3 and Q4
UK company accounts filed in Sep contained 50% of assets reported in Q3
Normalized cash balances of £13.4 billion reported in Q3 by UK companies
Focus for November
Since we diverted our attention to financial metrics and data visualization during October we will refocus our posts for November on age distribution of UK directors across industry sectors to see whether this throws up any new trends. We will also look at the status of registered companies covering those in liquidation and receivership.
Q4 milestones
DataManager
Official release of DataManager to facilitate the visualization of company data, director and officer appointment data along with financial accounting metrics.
FinanceManager
Official release of FinanceManager to facilitate the visualization of key financial performance indicators, such as turnover, gross margin, net assets, cash and return on capital employed (ROCE).
OODUTTY 