Bench is a fintech company that automates accounting tasks to organize the financials of small businesses. The Company is an online bookkeeping service providing small businesses, independent contractors and entrepreneurs with professional bookkeeping services, allowing to monitor business’ financial health, download financial statements and chat with the bookkeeping team any time via the Bench app. 

Type
Private
HQ
London, GB
Founded
2012
Size (employees)
235 (est)+8%
Website
bench.co
Bench was founded in 2012 and is headquartered in London, GB
Report incorrect company information

Key People/Management at Bench

Bonnie Powell

Bonnie Powell

Director, People
Brittany Tinline

Brittany Tinline

Director, Service Operations
Cameron Uganec

Cameron Uganec

VP, Marketing & Communications
Chris Berry

Chris Berry

Senior Director, Sales & Revenue Operations
Craig Ryomoto

Craig Ryomoto

Chief Revenue Officer
Dave Shea

Dave Shea

Director, Product Design
Show more

Bench Office Locations

Bench has offices in New York, North Vancouver and London
North Vancouver, CA
Vancouver, BC
New York, US
900 Broadway
Show all (3)
Report incorrect company information

Bench Financials and Metrics

Summary Metrics

Bench's latest funding round in January 2018 was reported to be $18 m. In total, Bench has raised $32.9 m
Show all financial metrics

Bench Financials

Bench's revenue was reported to be £45.68 m in FY, 2016 which is a 34.3% decrease from the previous period.
GBP

Revenue (FY, 2016)

45.7 m

Revenue growth (FY, 2015 - FY, 2016), %

(34.3%)

Gross profit (FY, 2016)

19.2 m

Gross profit margin (FY, 2016), %

41.9%

Net income (FY, 2016)

(2.5 m)

EBITDA (FY, 2016)

(551 k)

EBIT (FY, 2016)

(1.8 m)

Cash (25-Jun-2016)

5 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

79.8 m84.2 m109 m120.6 m146.9 m125.3 m103.5 m92 m69.6 m45.7 m

Revenue growth, %

(11%)(24%)(34%)

Cost of goods sold

39.6 m39.2 m52.4 m52.4 m71.2 m69 m51.3 m47.7 m35.4 m26.5 m

Gross profit

40.1 m45 m56.7 m68.2 m75.7 m56.3 m52.2 m44.3 m34.2 m19.2 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

4.2 m4.7 m13.5 m31.1 m12.9 m21.6 m32.4 m5.8 m8.6 m5 m

Accounts Receivable

10.8 m12.3 m15.3 m10 m14.8 m8.9 m5.2 m3.1 m886 k1.2 m

Inventories

12.2 m10.9 m17.1 m17.5 m26.5 m16.8 m16.9 m12.5 m12.4 m15.8 m

Current Assets

34.7 m46.9 m66.5 m87.3 m116 m114.2 m65.9 m30.3 m31.7 m40.6 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16 m12.4 m12.1 m15.3 m18.3 m1.3 m12.7 m3.9 m(4.7 m)(2.5 m)

Dividends Paid

10 m16 m17 m15 m15 m16 m14 m

Income Taxes Paid

(720 k)(908 k)(167 k)
GBPY, 2016

Financial Leverage

8.1 x
Show all financial metrics
Report incorrect company information

Bench Online and Social Media Presence

Embed Graph
Report incorrect company information