OverviewSuggest Edit

Tungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.
Buyer organisations that join Tungsten Network, the world’s largest compliant electronic invoice network, can reduce their invoice-processing costs. Tungsten helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data; improve their compliance; and manage their suppliers with its disruptive procurement tools. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers Tungsten Early Payment supply chain financing on a global basis.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world’s largest companies and government agencies to their thousands of suppliers around the globe. It estimates that its buyers transact over $2.7 trillion of addressable spend annually. The Tungsten Network enables suppliers to submit tax compliant e-Invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg’s, and the US Federal Government.
Tungsten Corporation joined forces with OB10 in October 2013 to create the world’s largest electronic trading network; and acquired DocuSphere in September 2014, a provider of workflow automation solutions.

TypePublic
Founded2000
HQLondon, GB
Websitetungsten-network.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Feb 2020)284(-12%)
Revenue (FY, 2019)£36 M(+8%)
Share Price (Jun 2020)£0.3 (-99%)
Cybersecurity ratingCMore

Key People/Management at Tungsten

Andrew Doman

Andrew Doman

Non-Executive Director
Vivienne MacLachlan

Vivienne MacLachlan

Non-Executive Director
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Tungsten Office Locations

Tungsten has offices in London, Dunwoody, Toledo, Sofia and in 1 other location
London, GB (HQ)
6 Laurence Pountney Hill
Sofia, BG
bul. "Doctor Peter Dertliev" 25
Kuala Lumpur, MY
8, Jalan Sultan Ismail
Dunwoody, US
1040 Crown Pointe Pkwy #350
Toledo, US
One SeaGate, Suite 1900
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Tungsten Financials and Metrics

Tungsten Revenue

Tungsten's revenue was reported to be £36.05 m in FY, 2019
GBP

Revenue (FY, 2019)

36.0m

Net income (FY, 2019)

(3.3m)

EBIT (FY, 2019)

(5.2m)

Market capitalization (29-Jun-2020)

415.5k

Closing stock price (29-Jun-2020)

0.3

Cash (30-Apr-2019)

3.8m

EV

(2.4m)
Tungsten's current market capitalization is £415.5 k.
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

10.8m23.1m25.9m31.3m33.7m36.0m

Revenue growth, %

115%13%

Operating expense total

44.8m43.9m45.7m

Depreciation and amortization

4.1m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.4m62.6m32.6m9.3m17.5m6.4m3.8m

Accounts Receivable

3.5m5.1m6.2m5.0m6.0m3.6m

Current Assets

4.7m72.7m47.4m46.7m30.6m16.7m11.3m

PP&E

1.7m2.2m1.9m1.9m2.6m2.5m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(9.9m)(11.0m)(27.0m)(17.8m)(12.3m)(11.9m)

Cash From Operating Activities

(5.0m)(8.1m)(31.6m)(21.7m)(10.9m)8.0m

Cash From Financing Activities

9.6m144.4m11.8m16.7m(4.3m)4.3m

Net Change in Cash

3.4m59.2m(30.5m)(6.1m)10.2m(11.3m)
GBPFY, 2013

Financial Leverage

1 x
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Tungsten Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Tungsten Online and Social Media Presence

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Tungsten News and Updates

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Market OverviewThe global Tungsten Carbide Balls market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.The Tungsten Carbide Balls m…

Global Tungsten Carbide Balls Market Huge Growth Opportunity between 2020-2025

According to this study, over the next five years the Tungsten Carbide Balls market will register a xx% CAGR in terms of revenue, the global market size will reach $ xx million by 2025, from $ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key …

Tungsten Disulfide Nanoparticles Market Size, Share, Development by 2024

Scope of the Report:The worldwide market for Tungsten Disulfide Nanoparticles is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Tungsten…

Tungsten Copper Market Size, Share, Development by 2024

Scope of the Report:The worldwide market for Tungsten Copper is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2024, from x million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Tungsten Copper in global ma…

Global Tungsten Carbide Market By End-User, By Application, By Region, Competition, Forecast & Opportunities, 2024

NEW YORK, Aug. 5, 2019 /PRNewswire/ -- Global Tungsten Carbide Market By End-User (Automotive Industry, Aerospace & Defense, Mining & Construction Industry, Oil & Gas Industry, Electronic Industry & Others), By Application (Cemented Carbide, Industrial Alloys, Mill Products, Jewelry,…

Copper Tungsten Market Size, Share, Development by 2024

Scope of the Report:The worldwide market for Copper Tungsten is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2024, from x million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Copper Tungsten in global ma…
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Tungsten Frequently Asked Questions

  • When was Tungsten founded?

    Tungsten was founded in 2000.

  • Who are Tungsten key executives?

    Tungsten's key executives are Andrew Doman and Vivienne MacLachlan.

  • How many employees does Tungsten have?

    Tungsten has 284 employees.

  • What is Tungsten revenue?

    Latest Tungsten annual revenue is £36 m.

  • What is Tungsten revenue per employee?

    Latest Tungsten revenue per employee is £126.9 k.

  • Who are Tungsten competitors?

    Competitors of Tungsten include Montran, Stanchion and Orwell Group.

  • Where is Tungsten headquarters?

    Tungsten headquarters is located at 6 Laurence Pountney Hill, London.

  • Where are Tungsten offices?

    Tungsten has offices in London, Dunwoody, Toledo, Sofia and in 1 other location.

  • How many offices does Tungsten have?

    Tungsten has 5 offices.