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.

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

Latest Updates

Employees (est.) (Feb 2019)323
Revenue (FY, 2018)£33.7 M(+8%)

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
Show more

Tungsten Office Locations

Tungsten has an office in London
London, GB (HQ)
6 Laurence Pountney Hill
Show all (1)
Report incorrect company information

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
Show all financial metrics
Report incorrect company information

Tungsten Online and Social Media Presence

Embed Graph
Report incorrect company information

Tungsten News and Updates

Global Tungsten Carbide Powder Market 2018-2023 - Increasing Demand of Tungsten Carbide-Based Machine Tools, Cutting Tools, & Abrasive Products

DUBLIN, Feb. 7, 2019 /PRNewswire/ -- The "Tungsten Carbide Powder Market by Grain Size, by Grade, by Application, by End-Use Industry, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering. ...

Global Tungsten Carbide Market: Focus on Application (Cutting Tools, Mining & Drilling Tools, Wear Parts, Mill Products, and Others) and End-Use Industry-Analysis and Forecast: 2018-2028

NEW YORK, Jan. 29, 2019 /PRNewswire/ -- Global Tungsten Carbide Market is Anticipated to Reach $3.69 Billion by 2028, BIS Research Report Read the full report: https://www.reportlinker.com/p05724502 The global tungsten carbide market is expected to grow at a significant rate during the...

World Tungsten Market Estimates & Forecasts 2016-2018 & 2024: Superior Melting Point, Hardness, Density, and Tensile Strength Drive Widespread Demand

DUBLIN, Jan. 14, 2019 /PRNewswire/ -- The "Tungsten - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, China, Asia-Pacific, Latin America, and Rest of ...

Tungsten Electrode Market Industry Analysis, Gross Margin, and Business Opportunity 2018 - 2026

The research report on Tungsten Electrode Market is segmented by Product Type, by Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2015 – 2026 Posted via Industry Today. Follow us on Twitter @IndustryToday

Tungsten Alloy Market : Industrial Forecast on Global Industry Analysis and Trends Till 2025

This report presents a comprehensive overview, market shares, and growth opportunities of Tungsten Alloy market by product type, application, key manufacturers and key regions and countries. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Tungsten Welding Electrodes Market to Witness a Pronounce Growth During 2023

According to this study, over the next five years the Tungsten Welding Electrodes market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue…
Show more
Report incorrect company information

Tungsten Company Life and Culture

Report incorrect company information

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 Wipit, SmartTrade App 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.