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.

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Employee Rating

2.5More
TypePublic
HQLondon, GB
Founded2000
Size (employees)323 (est)-1%
Websitetungsten-network.com
Tungsten was founded in 2000 and is headquartered in London, GB
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Key People/Management at Tungsten

Richard Hurwitz

Richard Hurwitz

CEO
Patrick Clark

Patrick Clark

General Counsel
David Williams

David Williams

Group Chief Financial Officer
Alec Holmes

Alec Holmes

Senior Vice President Service Delivery
Connie OBrien

Connie OBrien

Chief Marketing Officer
Guy Miller

Guy Miller

Head of Corporate Development
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Tungsten Office Locations

Tungsten has an office in London
London, (HQ)
6 Laurence Pountney Hill
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Tungsten Financials and Metrics

Tungsten Revenue

Tungsten's revenue was reported to be £33.66 m in FY, 2018
GBP

Revenue (FY, 2018)

33.7m

Net income (FY, 2018)

(11.9m)

EBITDA (FY, 2018)

(9.3m)

EBIT (FY, 2018)

(12.1m)

Cash (30-Apr-2018)

6.4m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

115%13%

Operating expense total

44.8m43.9m45.7m

EBITDA

(9.9m)(16.4m)(10.2m)(9.3m)
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

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

Accounts Receivable

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

Current Assets

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

PP&E

1.7m2.2m1.9m1.9m2.6m
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)
GBPY, 2018

Revenue/Employee

102.9k

Financial Leverage

1.2 x
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Tungsten Online and Social Media Presence

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Tungsten News and Updates

Tungsten Branding Named Top 5 Global Naming Agency for Second Year in a Row

BREVARD, N.C., Nov. 27, 2018 /PRNewswire/ -- For the second year in a row, Tungsten Branding, company naming and branding consultants, has been recognized as a "Global Leader" and a Top 5 Naming Agency by Clutch.co, business and market research analysts. The North Carolina based firm...

Tungsten Fabric Launches Open Lab to Drive Edge-cloud Ecosystem Growth

SHANGHAI, Nov. 13, 2018 /PRNewswire/ -- The LF Networking Fund (LFN), which facilitates collaboration and operational excellence across networking projects, today announced the new Tungsten Fabric Open Lab. Launched jointly by Intel, Juniper Networks, Lenovo and SDNLAB, the Open Lab aims...

Cerium Tungsten Electrode Market: Amplifying Trends, Industry Development, CAGR Value, Key Manufacturers(Diamond Ground Products, E3, Weldstone, Winner Tungsten Product), Types And Applications

The Latest report on Cerium Tungsten Electrode market report available at InForGrowth gives CAGR value, Industry Chains, Upstream, Geography, End user, Application, Competitor analysis, SWOT Analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast.The Cerium Tu…

Tungsten Metal Market 2018: Global Analysis by Key Players – Sandvik AB, Kennametal, NAECO, Buffalo Tungsten

Wiseguyreports.Com Publish New Market Research Report On -“Tungsten Metal Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday
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Tungsten Company Life and Culture

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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 Richard Hurwitz, Patrick Clark and David Williams.

  • How many employees does Tungsten have?

    Tungsten has 323 employees.

  • What is Tungsten revenue?

    Latest Tungsten annual revenue is £33.7 m.

  • What is Tungsten revenue per employee?

    Latest Tungsten revenue per employee is £104.2 k.

  • Who are Tungsten competitors?

    Competitors of Tungsten include SmartTrade App, Wipit and Flint.

  • Where is Tungsten headquarters?

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

  • Where are Tungsten offices?

    Tungsten has an office in London.

  • How many offices does Tungsten have?

    Tungsten has 1 office.