Bench

OverviewSuggest Edit

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. 

TypePrivate
Founded2012
HQLondon, GBMap
Websitebench.co
Employee Ratings4More
View Jobs (43)

Locations

Bench is headquartered in
London, United Kingdom

Location Map
All Locations (3)

Latest Updates

Employees (est.) (Oct 2020)419(+4%)
Job Openings43
Revenue (FY, 2016)£45.7 M(-34%)
Cybersecurity ratingBMore

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
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Bench Office Locations

Bench has offices in London, New York and Vancouver
Vancouver, CA
545 Robson St
New York, US
900 Broadway
Show all (3)

Bench Financials and Metrics

Summary Metrics

Founding Date

2012

Bench total Funding

$32.9 m

Bench latest funding size

$18 m

Time since last funding

4 years ago

Bench investors

Silicon Valley Bank, iNovia Capital, Bain Capital Ventures, Quotidian Ventures, Contour Venture Partners, Altos Ventures, Jos White, Alpine Meridian Ventures, Hedgewood, Lerer Hippeau Ventures, Third Prime Capital
Bench's latest funding round in January 2018 was reported to be $18 m. In total, Bench has raised $32.9 m
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Bench Revenue

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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)

45.7m

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

(34.3%)

Gross profit (FY, 2016)

19.2m

Gross profit margin (FY, 2016), %

41.9%

Net income (FY, 2016)

(2.5m)

EBITDA (FY, 2016)

(551.0k)

EBIT (FY, 2016)

(1.8m)

Cash (25-Jun-2016)

5.0m
GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

32.2m53.2m70.2m79.8m84.2m109.0m120.6m146.9m125.3m103.5m92.0m69.6m45.7m

Revenue growth, %

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

Cost of goods sold

16.9m25.7m36.2m39.6m39.2m52.4m52.4m71.2m69.0m51.3m47.7m35.4m26.5m

Gross profit

15.3m27.5m34.0m40.1m45.0m56.7m68.2m75.7m56.3m52.2m44.3m34.2m19.2m
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GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.0m5.5m3.6m4.2m4.7m13.5m31.1m12.9m21.6m32.4m5.8m8.6m5.0m

Accounts Receivable

5.4m9.4m9.8m10.8m12.3m15.3m10.0m14.8m8.9m5.2m3.1m886.0k1.2m

Inventories

4.9m7.4m10.4m12.2m10.9m17.1m17.5m26.5m16.8m16.9m12.5m12.4m15.8m

Current Assets

13.3m23.9m27.3m34.7m46.9m66.5m87.3m116.0m114.2m65.9m30.3m31.7m40.6m
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GBPFY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.1m9.7m13.8m16.0m12.4m12.1m15.3m18.3m1.3m12.7m3.9m(4.7m)(2.5m)

Cash From Operating Activities

9.9m10.9m

Dividends Paid

207.0k10.0m16.0m17.0m15.0m15.0m16.0m14.0m

Cash From Financing Activities

13.3m(3.6m)
show all
GBPFY, 2004

Financial Leverage

4.9 x
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Bench Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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Bench Online and Social Media Presence

Bench's Trends

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 Bench Frequently Asked Questions

  • When was Bench founded?

    Bench was founded in 2012.

  • Who are Bench key executives?

    Bench's key executives are Bonnie Powell, Brittany Tinline and Cameron Uganec.

  • How many employees does Bench have?

    Bench has 419 employees.

  • What is Bench revenue?

    Latest Bench annual revenue is £45.7 m.

  • What is Bench revenue per employee?

    Latest Bench revenue per employee is £109 k.

  • Who are Bench competitors?

    Competitors of Bench include BookKeeping Express, Xero and Wave.

  • Where are Bench offices?

    Bench has offices in London, New York and Vancouver.

  • How many offices does Bench have?

    Bench has 3 offices.