Legin Systems Limited

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legin systems limited Company Information

Live

MatureMicroLow

Company Number

01919286

Website

Registered Address

7 highlands wiltshire way, tunbridge wells, kent, TN2 3UF

Industry

Business and domestic software development

Telephone

01732743521

Next Accounts Due

December 2024

Group Structure

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Directors

Nigel Parkin32 Years

Marcus Oldfield2 Years

Shareholders

nigel edward parkin 100%

legin systems limited Estimated Valuation

£288.7k

Pomanda estimates the enterprise value of LEGIN SYSTEMS LIMITED at £288.7k based on an EBITDA of £68.1k and a 4.24x industry multiple (adjusted for size and gross margin).

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Legin Systems Limited is a live company located in kent, TN2 3UF with a Companies House number of 01919286. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 1985, it's largest shareholder is nigel edward parkin with a 100% stake. Legin Systems Limited is a mature, micro sized company, Pomanda has estimated its turnover at £282.3k with low growth in recent years.

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Pomanda's financial health check has awarded Legin Systems Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £282.3k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.3%)

EXPORT

Legin Systems Limited's latest turnover from March 2023 is estimated at £282.3 thousand and the company has net assets of £104.8 thousand. According to their latest financial statements, Legin Systems Limited has 2 employees and maintains cash reserves of 0 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	282,311	290,895	269,420	277,380	260,300	301,701	312,230	423,342	209,580	195,369	215,859	85,989	10,916	182,623
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	164,391	161,525	153,302	157,520	150,966	177,075	176,651	239,942	113,845	109,751	115,494	44,168	5,408	98,826
Gross Profit	117,920	129,370	116,118	119,860	109,334	124,626	135,580	183,399	95,735	85,618	100,365	41,821	5,508	83,797
Admin Expenses	49,834	152,179	104,327	118,092	95,623	151,140	126,392	132,228	-25,026	-35,954	-40,345	56,024	-5,813	61,039
Operating Profit	68,086	-22,809	11,791	1,768	13,711	-26,514	9,188	51,171	120,761	121,572	140,710	-14,203	11,321	22,758
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	190	209	56
Pre-Tax Profit	68,086	-22,809	11,791	1,768	13,711	-26,514	9,188	51,171	119,735	116,783	133,870	-14,013	11,529	22,814
Tax	-12,936	0	-2,240	-336	-2,605	0	-1,837	-10,234	-24,334	-23,095	-26,825	0	-3,228	-6,388
Profit After Tax	55,150	-22,809	9,551	1,432	11,106	-26,514	7,350	40,937	95,401	93,688	107,045	-14,013	8,301	16,426
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	55,150	-22,809	9,551	1,432	11,106	-26,514	7,350	40,937	95,401	93,688	107,045	-14,013	8,301	16,426
Employee Costs	129,831	181,157	169,731	228,989	241,278	291,639	283,782	161,902	42,100	41,825	38,925	52,050	50,455	98,040
Number Of Employees	2	3	3	4	4	5	5	3	2	2	2	1	1	2
EBITDA*	68,086	-22,809	11,791	1,768	13,711	-26,514	9,188	51,171	125,328	121,704	143,495	-11,085	14,662	26,489

* 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	1,780	2,374	3,165	2,703	5,315	7,087	7,964	10,619	13,316	12,077	8,354	9,352	10,022	11,194
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	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	1,780	2,374	3,165	2,703	5,315	7,087	7,964	10,619	13,316	12,077	8,354	9,352	10,022	11,194
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	133,312	126,887	115,970	107,818	90,011	96,625	100,861	123,641	66,109	58,347	20,117	22,722	2,152	48,605
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	0	40,216	15,138	61,018	22,409
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	133,312	126,887	115,970	107,818	90,011	96,625	100,861	123,641	66,109	58,347	60,333	37,860	63,170	71,014
total assets	135,092	129,261	119,135	110,521	95,326	103,712	108,825	134,260	79,425	70,424	68,687	47,212	73,192	82,208
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	30,341	79,660	46,725	47,662	33,899	53,391	31,990	64,775	50,877	32,277	43,927	33,998	45,965	63,282
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	30,341	79,660	46,725	47,662	33,899	53,391	31,990	64,775	50,877	32,277	43,927	33,998	45,965	63,282
loans	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
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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	30,341	79,660	46,725	47,662	33,899	53,391	31,990	64,775	50,877	32,277	43,927	33,998	45,965	63,282
net assets	104,751	49,601	72,410	62,859	61,427	50,321	76,835	69,485	28,548	38,147	24,760	13,214	27,227	18,926
total shareholders funds	104,751	49,601	72,410	62,859	61,427	50,321	76,835	69,485	28,548	38,147	24,760	13,214	27,227	18,926

	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	68,086	-22,809	11,791	1,768	13,711	-26,514	9,188	51,171	120,761	121,572	140,710	-14,203	11,321	22,758
Depreciation	0	0	0	0	0	0	0	0	4,567	132	2,785	3,118	3,341	3,731
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-12,936	0	-2,240	-336	-2,605	0	-1,837	-10,234	-24,334	-23,095	-26,825	0	-3,228	-6,388
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,425	10,917	8,152	17,807	-6,614	-4,236	-22,780	57,532	7,762	38,230	-2,605	20,570	-46,453	48,605
Creditors	-49,319	32,935	-937	13,763	-19,492	21,401	-32,785	13,898	18,600	-11,650	9,929	-11,967	-17,317	63,282
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-594	-791	462	-2,612	-1,772	-877	-2,654	-2,697	111,832	48,729	129,204	-43,622	40,570	34,778
Investing Activities
capital expenditure	594	791	-462	2,612	1,772	877	2,655	2,697	-5,806	-3,855	-1,787	-2,448	-2,169	-14,925
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	594	791	-462	2,612	1,772	877	2,655	2,697	-5,806	-3,855	-1,787	-2,448	-2,169	-14,925
Financing Activities
Bank loans	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-105,000	-80,301	-95,499	0	0	2,500
interest	0	0	0	0	0	0	0	0	0	0	0	190	209	56
cash flow from financing	0	0	0	0	0	0	0	0	-105,000	-80,301	-95,499	190	209	2,556
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	0	-40,216	25,078	-45,880	38,609	22,409
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	0	-40,216	25,078	-45,880	38,609	22,409

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LEGIN SYSTEMS LIMITED group structure

Legin Systems Limited has no subsidiary companies.

Ultimate parent company

LEGIN SYSTEMS LIMITED

01919286

LEGIN SYSTEMS LIMITED Shareholders

nigel edward parkin

100%

Legin Systems Limited currently has 2 directors. The longest serving directors include Mr Nigel Parkin (Dec 1991) and Mr Marcus Oldfield (May 2022).

officer	country	age	start	end	role
Mr Nigel Parkin	England	63 years	Dec 1991	-	Director
Mr Marcus Oldfield	England	32 years	May 2022	-	Director

P&L

March 2023

turnover

282.3k

-3%

operating profit

68.1k

gross margin

41.8%

-6.08%

turnover

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

Balance Sheet

March 2023

net assets

104.8k

+1.11%

total assets

135.1k

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

01919286

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

June 1985

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

7 highlands wiltshire way, tunbridge wells, kent, TN2 3UF

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 did not find charges/mortgages relating to legin systems limited.

legin systems limited Company Information

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legin systems limited Estimated Valuation

legin systems limited Estimated Valuation

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