Audex Holdings Limited

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audex holdings limited Company Information

Live

MatureSmallDeclining

Company Number

00388368

Next Accounts

Dec 2024

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Sandra Higgins

Brian Higgins

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Shareholders

sondex properties ltd

Group Structure

View All

Contact

Registered Address

the copper room the deva centre, trinity way, manchester, M3 7BG

Website

audex holdings limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of AUDEX HOLDINGS LIMITED at £3.1m based on Net Assets of £2m and 1.58x industry multiple (adjusted for liquidity).

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Audex Holdings Limited is a live company located in manchester, M3 7BG with a Companies House number of 00388368. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 1944, it's largest shareholder is sondex properties ltd with a 100% stake. Audex Holdings Limited is a mature, small sized company, Pomanda has estimated its turnover at £665.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Audex Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

6 Regular

2 Weak

Size

annual sales of £665.3k, make it in line with the average company (£799k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (1.9%)

EXPORT

Audex Holdings Limited's latest turnover from March 2023 is estimated at £665.3 thousand and the company has net assets of £2 million. According to their latest financial statements, Audex Holdings Limited has 4 employees and maintains cash reserves of £43.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	665,277	577,771	528,579	955,775	995,631	981,566	1,076,759	1,012,252	1,736,577	1,780,182	412,848	471,453	517,394	2,269,845
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	171,175	147,392	131,377	245,724	260,393	245,775	271,506	285,615	581,386	576,834	125,578	143,845	165,343	697,371
Gross Profit	494,102	430,379	397,202	710,051	735,238	735,790	805,253	726,638	1,155,191	1,203,349	287,269	327,609	352,051	1,572,474
Admin Expenses	454,666	427,871	118,800	705,999	722,279	710,678	788,644	-110,681	1,138,760	1,135,175	240,362	327,939	321,972	311,849
Operating Profit	39,436	2,508	278,402	4,052	12,959	25,112	16,609	837,319	16,431	68,174	46,907	-330	30,079	1,260,625
Interest Payable	11,308	8,958	9,469	10,805	13,390	14,259	15,008	13,549	11,524	12,916	17,532	13,980	6,500	3,250
Interest Receivable	1,218	146	20	11	156	186	166	411	421	380	474	861	961	436
Pre-Tax Profit	29,347	-6,304	268,953	-6,742	-274	11,040	1,766	824,181	5,328	55,638	29,849	-13,449	24,540	1,257,811
Tax	-5,576	0	-51,101	0	0	-2,098	-353	-164,836	-1,119	-12,797	-7,164	0	-6,871	-352,187
Profit After Tax	23,771	-6,304	217,852	-6,742	-274	8,942	1,413	659,345	4,209	42,841	22,685	-13,449	17,669	905,624
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	23,771	-6,304	217,852	-6,742	-274	8,942	1,413	659,345	4,209	42,841	22,685	-13,449	17,669	905,624
Employee Costs	121,493	115,328	107,380	109,573	108,376	103,814	102,270	104,464	312,000	297,600	71,643	95,473	93,162	390,387
Number Of Employees	4	4	4	4	4	4	4	4	12	12	3	4	4	16
EBITDA*	39,436	2,508	278,402	4,052	13,014	25,277	16,829	837,612	16,821	68,694	47,999	3,776	35,555	1,267,927

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	493	658	878	1,841,171	1,841,561	1,842,081	1,127,972	1,132,078	1,137,554
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,250,000	2,250,000	2,250,000	1,840,000	1,840,000	1,840,000	1,840,000	1,840,000	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,250,000	2,250,000	2,250,000	1,840,000	1,840,000	1,840,493	1,840,658	1,840,878	1,841,171	1,841,561	1,842,081	1,127,972	1,132,078	1,137,554
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	100,000	100,000	100,000	100,000	92,500	171,923	184,382	41,782	47,370	47,256	235,939
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	70,000	82,500	102,500	112,500	114,500	125,935	140,684	154,414	0	0	155,000	165,000	170,000	0
Cash	43,064	14,274	24,673	15,813	6,989	34,698	39,895	92,529	72,023	96,373	55,432	134,262	210,048	174,272
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	113,064	96,774	127,173	228,313	221,489	260,633	280,579	339,443	243,946	280,755	252,214	346,632	427,304	410,211
total assets	2,363,064	2,346,774	2,377,173	2,068,313	2,061,489	2,101,126	2,121,237	2,180,321	2,085,117	2,122,316	2,094,295	1,474,604	1,559,382	1,547,765
Bank overdraft	0	0	0	0	0	21,713	20,905	20,362	0	0	0	0	0	0
Bank loan	22,566	22,890	22,878	22,548	21,408	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	30,446	52,569	48,626	61,180	115,057	102,649
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	108,015	96,502	139,538	104,250	69,495	88,239	91,137	122,556	0	0	0	0	0	0
total current liabilities	130,581	119,392	162,416	126,798	90,903	109,952	112,042	142,918	30,446	52,569	48,626	61,180	115,057	102,649
loans	76,705	98,475	121,175	143,874	166,432	187,174	208,937	230,046	166,479	188,100	209,306	330,151	100,000	100,000
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	83,947	82,286	80,657	79,056	328,038	346,498
provisions	185,202	182,102	140,473	62,384	62,155	61,727	66,927	75,439	7,323	6,648	5,834	1,379	0	0
total long term liabilities	261,907	280,577	261,648	206,258	228,587	248,901	275,864	305,485	257,749	277,034	295,797	410,586	428,038	446,498
total liabilities	392,488	399,969	424,064	333,056	319,490	358,853	387,906	448,403	288,195	329,603	344,423	471,766	543,095	549,147
net assets	1,970,576	1,946,805	1,953,109	1,735,257	1,741,999	1,742,273	1,733,331	1,731,918	1,796,922	1,792,713	1,749,872	1,002,838	1,016,287	998,618
total shareholders funds	1,970,576	1,946,805	1,953,109	1,735,257	1,741,999	1,742,273	1,733,331	1,731,918	1,796,922	1,792,713	1,749,872	1,002,838	1,016,287	998,618

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	39,436	2,508	278,402	4,052	12,959	25,112	16,609	837,319	16,431	68,174	46,907	-330	30,079	1,260,625
Depreciation	0	0	0	0	55	165	220	293	390	520	1,092	4,106	5,476	7,302
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,576	0	-51,101	0	0	-2,098	-353	-164,836	-1,119	-12,797	-7,164	0	-6,871	-352,187
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-12,500	-20,000	-110,000	-2,000	-11,435	-14,749	-6,230	74,991	-12,459	-12,400	-15,588	-4,886	-18,683	235,939
Creditors	0	0	0	0	0	0	0	-30,446	-22,123	3,943	-12,554	-53,877	12,408	102,649
Accruals and Deferred Income	11,513	-43,036	35,288	34,755	-18,744	-2,898	-31,419	122,556	0	0	0	0	0	0
Deferred Taxes & Provisions	3,100	41,629	78,089	229	428	-5,200	-8,512	68,116	675	814	4,455	1,379	0	0
Cash flow from operations	60,973	21,101	450,678	41,036	6,133	29,830	-17,225	758,011	6,713	73,054	48,324	-43,836	59,775	782,450
Investing Activities
capital expenditure	0	0	0	0	438	0	0	1,840,000	0	0	-715,201	0	0	-1,144,856
Change in Investments	0	0	410,000	0	0	0	0	1,840,000	0	0	0	0	0	0
cash flow from investments	0	0	-410,000	0	438	0	0	0	0	0	-715,201	0	0	-1,144,856
Financing Activities
Bank loans	-324	12	330	1,140	21,408	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-21,770	-22,700	-22,699	-22,558	-20,742	-21,763	-21,109	63,567	-21,621	-21,206	-120,845	230,151	0	100,000
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-83,947	1,661	1,629	1,601	-248,982	-18,460	346,498
share issue	0	0	0	0	0	0	0	-724,349	0	0	724,349	0	0	92,994
interest	-10,090	-8,812	-9,449	-10,794	-13,234	-14,073	-14,842	-13,138	-11,103	-12,536	-17,058	-13,119	-5,539	-2,814
cash flow from financing	-32,184	-31,500	-31,818	-32,212	-12,568	-35,836	-35,951	-757,867	-31,063	-32,113	588,047	-31,950	-23,999	536,678
cash and cash equivalents
cash	28,790	-10,399	8,860	8,824	-27,709	-5,197	-52,634	20,506	-24,350	40,941	-78,830	-75,786	35,776	174,272
overdraft	0	0	0	0	-21,713	808	543	20,362	0	0	0	0	0	0
change in cash	28,790	-10,399	8,860	8,824	-5,996	-6,005	-53,177	144	-24,350	40,941	-78,830	-75,786	35,776	174,272

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AUDEX HOLDINGS LIMITED group structure

Audex Holdings Limited has no subsidiary companies.

Ultimate parent company

SONDEX PROPERTIES LIMITED

07462504

1 parent

AUDEX HOLDINGS LIMITED

00388368

AUDEX HOLDINGS LIMITED Shareholders

sondex properties ltd

100%

Audex Holdings Limited currently has 4 directors. The longest serving directors include Mrs Sandra Higgins (Aug 1991) and Mr Brian Higgins (Feb 2002).

officer	country	age	start	end	role
Mrs Sandra Higgins		80 years	Aug 1991	-	Director
Mr Brian Higgins		84 years	Feb 2002	-	Director
Mr Charles Higgins		52 years	Dec 2003	-	Director
Mr Richard Higgins	United Kingdom	55 years	Mar 2012	-	Director

P&L

March 2023

turnover

665.3k

+15%

operating profit

39.4k

gross margin

74.3%

-0.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

+0.01%

total assets

2.4m

+0.01%

cash

43.1k

+2.02%

net assets

Total assets minus all liabilities

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company number

00388368

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 1944

ultimate parent company

SONDEX PROPERTIES LIMITED

previous names

N/A

address

the copper room the deva centre, trinity way, manchester, M3 7BG

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to audex holdings limited. Currently there are 3 open charges and 3 have been satisfied in the past.

audex holdings limited Company Information

audex holdings limited Estimated Valuation

audex holdings limited Estimated Valuation

audex holdings limited Estimated Valuation

Audex Holdings Limited Overview

Audex Holdings Limited Health Check

AUDEX HOLDINGS LIMITED financials

audex holdings limited Credit Report and Business Information

Audex Holdings Limited Competitor Analysis

audex holdings limited Ownership

audex holdings limited directors

audex holdings limited company details

audex holdings limited Charges & Mortgages

audex holdings limited Companies House Filings - See Documents