pexion limited
pexion limited Company Information
Company Number
02033029
Next Accounts
461 days late
Industry
Activities of head offices
Shareholders
sdd engineering holdings ltd
darren turner
View AllGroup Structure
View All
Contact
Registered Address
c/o interpath ltd 10th floor one, marsden street, manchester, M2 1HW
Website
www.pexion.compexion limited Estimated Valuation
Pomanda estimates the enterprise value of PEXION LIMITED at £40.4m based on a Turnover of £41.3m and 0.98x industry multiple (adjusted for size and gross margin).
pexion limited Estimated Valuation
Pomanda estimates the enterprise value of PEXION LIMITED at £23m based on an EBITDA of £3.1m and a 7.4x industry multiple (adjusted for size and gross margin).
pexion limited Estimated Valuation
Pomanda estimates the enterprise value of PEXION LIMITED at £3m based on Net Assets of £1.5m and 1.99x industry multiple (adjusted for liquidity).
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Pexion Limited Overview
Pexion Limited is a live company located in manchester, M2 1HW with a Companies House number of 02033029. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 1986, it's largest shareholder is sdd engineering holdings ltd with a 75% stake. Pexion Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.3m with healthy growth in recent years.
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Pexion Limited Health Check
Pomanda's financial health check has awarded Pexion Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £41.3m, make it larger than the average company (£16.8m)
£41.3m - Pexion Limited
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (0.4%)
7% - Pexion Limited
0.4% - Industry AVG
Production
with a gross margin of 29.2%, this company has a comparable cost of product (32.6%)
29.2% - Pexion Limited
32.6% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (5.4%)
0.9% - Pexion Limited
5.4% - Industry AVG
Employees
with 475 employees, this is above the industry average (110)
475 - Pexion Limited
110 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has an equivalent pay structure (£44k)
£35.7k - Pexion Limited
£44k - Industry AVG
Efficiency
resulting in sales per employee of £87k, this is less efficient (£173.5k)
£87k - Pexion Limited
£173.5k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (47 days)
71 days - Pexion Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (46 days)
76 days - Pexion Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 87 days, this is more than average (51 days)
87 days - Pexion Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Pexion Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.9%, this is a higher level of debt than the average (58.6%)
95.9% - Pexion Limited
58.6% - Industry AVG
PEXION LIMITED financials
Pexion Limited's latest turnover from December 2021 is £41.3 million and the company has net assets of £1.5 million. According to their latest financial statements, Pexion Limited has 475 employees and maintains cash reserves of £417.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 41,301,841 | 40,588,765 | 56,749,608 | 33,306,189 | 25,347,127 | 14,475,013 | 8,615,445 | 9,813,904 | 9,535,190 | 7,624,091 | 8,579,923 | 9,412,056 | 10,768,825 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 29,240,568 | 29,096,036 | 39,642,587 | 21,884,992 | 15,983,356 | 9,010,042 | 5,672,786 | 6,710,421 | 6,459,961 | 5,297,027 | 5,990,185 | 6,835,769 | 7,287,008 |
| Gross Profit | 12,061,273 | 11,492,729 | 17,107,021 | 11,421,197 | 9,363,771 | 5,464,971 | 2,942,659 | 3,103,483 | 3,075,229 | 2,327,064 | 2,589,738 | 2,576,287 | 3,481,817 |
| Admin Expenses | 11,691,416 | 13,247,376 | 17,259,174 | 10,259,888 | 9,292,907 | 5,817,555 | 2,603,587 | 2,577,859 | 1,863,804 | 2,358,239 | 3,059,793 | 3,578,682 | |
| Operating Profit | 369,857 | -1,754,647 | -152,153 | 1,161,309 | 70,864 | -352,584 | 339,072 | 497,370 | 463,260 | 231,499 | -483,506 | -96,865 | |
| Interest Payable | 1,182,083 | 1,369,549 | 1,397,194 | 812,938 | 537,626 | 298,122 | 68,573 | 68,523 | 102,030 | 811,680 | 850,779 | 851,172 | 776,576 |
| Interest Receivable | 0 | 258 | 13,339 | 4,915 | 713 | 37,264 | 0 | 119,000 | 747,000 | 693,000 | 750,000 | 731,000 | 0 |
| Pre-Tax Profit | -728,576 | -3,514,504 | -1,234,208 | 353,285 | -466,049 | 5,736,616 | 129,499 | 291,830 | 377,340 | 359,580 | 1,739,126 | -603,678 | -282,953 |
| Tax | -237,298 | 696,047 | -159,037 | 210,853 | 14,090 | -252,952 | 62,238 | -202,950 | -120,897 | -121,220 | -61,563 | -2,279 | -113,669 |
| Profit After Tax | -965,874 | -2,818,457 | -1,393,245 | 564,138 | -451,959 | 5,483,664 | 191,737 | 88,880 | 256,443 | 238,360 | 1,677,563 | -605,957 | -396,622 |
| Dividends Paid | 475,000 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,440,874 | -2,818,457 | -1,393,245 | 564,138 | -501,959 | 5,483,664 | 191,737 | 88,880 | 256,443 | 238,360 | 1,677,563 | -605,957 | -396,622 |
| Employee Costs | 16,950,173 | 20,113,944 | 22,073,876 | 14,133,592 | 10,338,771 | 7,662,888 | 3,702,042 | 3,631,786 | 3,097,330 | 3,065,576 | 2,946,246 | 2,875,348 | 3,386,350 |
| Number Of Employees | 475 | 582 | 651 | 407 | 345 | 206 | 107 | 114 | 110 | 114 | 99 | 122 | 144 |
| EBITDA* | 3,114,075 | 1,025,760 | 3,096,999 | 3,105,651 | 2,270,564 | 950,035 | 695,240 | 839,289 | 645,783 | 389,335 | -338,653 | 67,444 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,558,557 | 13,124,431 | 13,827,906 | 10,767,865 | 9,082,619 | 7,917,481 | 1,970,025 | 2,045,394 | 2,053,221 | 2,262,457 | 765,259 | 935,210 | 977,344 |
| Intangible Assets | 14,028,596 | 16,148,640 | 20,003,995 | 15,662,389 | 13,325,631 | 8,637,836 | 624,799 | 661,552 | 698,305 | 735,058 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 253,984 | 783,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,587,153 | 29,527,055 | 34,615,234 | 26,430,254 | 22,408,250 | 16,555,317 | 2,594,824 | 2,706,946 | 2,751,526 | 2,997,515 | 765,259 | 935,210 | 977,344 |
| Stock & work in progress | 7,039,777 | 6,256,607 | 6,293,587 | 4,152,185 | 3,466,102 | 2,769,129 | 1,082,947 | 900,382 | 1,000,287 | 1,117,149 | 1,077,995 | 1,263,293 | 1,696,025 |
| Trade Debtors | 8,072,378 | 7,665,074 | 11,220,016 | 7,572,054 | 6,294,547 | 4,578,191 | 1,544,518 | 1,742,511 | 1,776,406 | 1,604,178 | 1,208,082 | 1,510,536 | 1,880,552 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,147,811 | 1,239,296 | 1,172,256 | 626,761 | 720,886 | 1,427,212 | 1,001,534 | 874,434 | 187,811 | 123,021 | 649,078 | 168,435 | 150,091 |
| Cash | 417,283 | 17,481 | 45,213 | 1,115,451 | 617,075 | 620,189 | 3,407,252 | 3,182,290 | 2,621,966 | 2,369,904 | 1,853,322 | 2,955,208 | 3,087,709 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,677,249 | 15,178,458 | 18,731,072 | 13,466,451 | 11,098,610 | 9,394,721 | 7,036,251 | 6,699,617 | 5,586,470 | 5,214,252 | 4,788,477 | 5,897,472 | 6,814,377 |
| total assets | 37,264,402 | 44,705,513 | 53,346,306 | 39,896,705 | 33,506,860 | 25,950,038 | 9,631,075 | 9,406,563 | 8,337,996 | 8,211,767 | 5,553,736 | 6,832,682 | 7,791,721 |
| Bank overdraft | 8,216,914 | 733,269 | 403,240 | 396,541 | 87,129 | 403,635 | 2,647,130 | 3,104,489 | 2,530,727 | 2,363,675 | 1,627,418 | 3,211,187 | 3,105,058 |
| Bank loan | 0 | 2,889,349 | 1,145,943 | 252,239 | 252,266 | 2,696,301 | 698,724 | 0 | 0 | 0 | 0 | 125,000 | 137,500 |
| Trade Creditors | 6,137,582 | 4,877,525 | 5,179,147 | 4,031,411 | 2,594,765 | 1,954,316 | 525,651 | 714,952 | 920,019 | 1,076,902 | 688,968 | 1,190,339 | 1,346,312 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 658,909 | 658,909 |
| other short term finances | 470,000 | 120,000 | 120,000 | 120,000 | 120,000 | 2,279,012 | 1,092,826 | 1,094,665 | 1,150,437 | 868,255 | 668,741 | 1,121,049 | 1,234,691 |
| hp & lease commitments | 827,166 | 959,979 | 875,208 | 648,994 | 583,490 | 401,760 | 88,104 | 70,358 | 76,837 | 125,937 | 22,079 | 53,896 | 33,385 |
| other current liabilities | 4,052,068 | 11,592,424 | 13,872,315 | 10,187,297 | 7,958,776 | 3,766,645 | 891,901 | 969,783 | 1,044,694 | 1,238,702 | 849,809 | 521,065 | 620,497 |
| total current liabilities | 19,703,730 | 21,172,546 | 21,595,853 | 15,636,482 | 11,596,426 | 11,501,669 | 5,944,336 | 5,954,247 | 5,722,714 | 5,673,471 | 3,857,015 | 6,881,445 | 7,136,352 |
| loans | 12,946,628 | 14,927,485 | 17,570,882 | 10,478,510 | 8,669,147 | 2,209,532 | 330,857 | 393,004 | 451,135 | 498,515 | 0 | 0 | 0 |
| hp & lease commitments | 1,409,008 | 1,868,504 | 1,812,617 | 1,384,468 | 1,016,723 | 1,161,632 | 213,153 | 135,320 | 52,143 | 52,772 | 39,412 | 61,492 | 82,667 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 604,952 | 2,464,550 | 4,432,598 | 4,219,281 | 4,424,058 | 2,465,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 127,038 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68,892 | 89,340 | 0 | 0 | 0 |
| total long term liabilities | 16,046,626 | 21,148,539 | 27,593,097 | 18,556,259 | 17,608,088 | 10,780,467 | 4,497,010 | 4,444,324 | 2,578,170 | 3,522,627 | 3,246,412 | 2,456,492 | 2,543,667 |
| total liabilities | 35,750,356 | 42,321,085 | 49,188,950 | 34,192,741 | 29,204,514 | 22,282,136 | 10,441,346 | 10,398,571 | 8,300,884 | 9,196,098 | 7,103,427 | 9,337,937 | 9,680,019 |
| net assets | 1,514,046 | 2,384,428 | 4,157,356 | 5,703,964 | 4,302,346 | 3,667,902 | -810,271 | -992,008 | 37,112 | -984,331 | -1,549,691 | -2,505,255 | -1,888,298 |
| total shareholders funds | 1,514,046 | 2,384,428 | 4,157,356 | 5,703,964 | 4,302,346 | 3,667,902 | -810,271 | -992,008 | 37,112 | -984,331 | -1,549,691 | -2,505,255 | -1,888,298 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 369,857 | -1,754,647 | -152,153 | 1,161,309 | 70,864 | -352,584 | 339,072 | 497,370 | 463,260 | 231,499 | -483,506 | -96,865 | |
| Depreciation | 1,786,673 | 1,813,089 | 1,912,629 | 1,166,058 | 1,008,377 | 792,729 | 319,415 | 304,267 | 305,166 | 182,523 | 157,836 | 144,853 | 164,309 |
| Amortisation | 957,545 | 967,318 | 1,336,523 | 778,284 | 1,191,323 | 509,890 | 36,753 | 36,753 | 36,753 | 0 | 0 | 0 | 0 |
| Tax | -237,298 | 696,047 | -159,037 | 210,853 | 14,090 | -252,952 | 62,238 | -202,950 | -120,897 | -121,220 | -61,563 | -2,279 | -113,669 |
| Stock | 783,170 | -36,980 | 2,141,402 | 686,083 | 696,973 | 1,686,182 | 182,565 | -99,905 | -116,862 | 39,154 | -185,298 | -432,732 | 1,696,025 |
| Debtors | 61,835 | -4,017,251 | 4,976,790 | 1,183,382 | 1,010,030 | 3,459,351 | -70,893 | 652,728 | 237,018 | -129,961 | 178,189 | -351,672 | 2,030,643 |
| Creditors | 1,260,057 | -301,622 | 1,147,736 | 1,436,646 | 640,449 | 1,428,665 | -189,301 | -205,067 | -156,883 | 387,934 | -501,371 | -155,973 | 1,346,312 |
| Accruals and Deferred Income | -7,540,356 | -2,279,891 | 3,685,018 | 2,228,521 | 4,192,131 | 2,874,744 | -77,882 | -74,911 | -194,008 | 388,893 | 328,744 | -99,432 | 620,497 |
| Deferred Taxes & Provisions | 127,038 | 0 | 0 | 0 | 0 | 0 | 0 | -68,892 | -20,448 | 89,340 | 0 | 0 | 0 |
| Cash flow from operations | -4,121,489 | 3,194,525 | 652,524 | 5,112,206 | 5,410,231 | -145,041 | 378,623 | 226,897 | 1,481,537 | 162,254 | 188,067 | -1,806,084 | |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | -4,229,236 | -6,597,242 | -2,177,146 | -234,160 | 0 | -19,326 | -134,888 | 1,542,577 | -62,767 | -72,543 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -4,229,236 | -6,597,242 | -2,177,146 | -234,160 | 0 | -19,326 | -134,888 | 1,542,577 | -62,767 | -72,543 |
| Financing Activities | |||||||||||||
| Bank loans | -2,889,349 | 1,743,406 | 893,704 | -27 | -2,444,035 | 1,997,577 | 698,724 | 0 | 0 | 0 | -125,000 | -12,500 | 137,500 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -658,909 | 0 | 658,909 |
| Other Short Term Loans | 350,000 | 0 | 0 | 0 | -2,159,012 | 1,186,186 | -1,839 | -55,772 | 282,182 | 199,514 | -452,308 | -113,642 | 1,234,691 |
| Long term loans | -1,980,857 | -2,643,397 | 7,092,372 | 1,809,363 | 6,459,615 | 1,878,675 | -62,147 | -58,131 | -47,380 | 498,515 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -592,309 | 140,658 | 654,363 | 433,249 | 36,821 | 1,262,135 | 95,579 | 76,698 | -49,729 | 117,218 | -53,897 | -664 | 116,052 |
| other long term liabilities | -1,859,598 | -1,968,048 | 213,317 | -204,777 | 1,958,755 | 2,465,303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -1,182,083 | -1,369,291 | -1,383,855 | -808,023 | -536,913 | -260,858 | -68,573 | 50,477 | 644,970 | -118,680 | -100,779 | -120,172 | -776,576 |
| cash flow from financing | -7,583,704 | -3,051,143 | 7,316,538 | 2,067,265 | 4,451,634 | 7,523,527 | 651,744 | -1,104,728 | 1,595,043 | 1,023,567 | -2,112,892 | -257,978 | -121,100 |
| cash and cash equivalents | |||||||||||||
| cash | 399,802 | -27,732 | -1,070,238 | 498,376 | -3,114 | -2,787,063 | 224,962 | 560,324 | 252,062 | 516,582 | -1,101,886 | -132,501 | 3,087,709 |
| overdraft | 7,483,645 | 330,029 | 6,699 | 309,412 | -316,506 | -2,243,495 | -457,359 | 573,762 | 167,052 | 736,257 | -1,583,769 | 106,129 | 3,105,058 |
| change in cash | -7,083,843 | -357,761 | -1,076,937 | 188,964 | 313,392 | -543,568 | 682,321 | -13,438 | 85,010 | -219,675 | 481,883 | -238,630 | -17,349 |
pexion limited Credit Report and Business Information
Pexion Limited Competitor Analysis
Perform a competitor analysis for pexion limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.
pexion limited Ownership
PEXION LIMITED group structure
Pexion Limited has 18 subsidiary companies.
Ultimate parent company
1 parent
PEXION LIMITED
02033029
18 subsidiaries
pexion limited directors
Pexion Limited currently has 2 directors. The longest serving directors include Mr Darren Turner (Oct 2009) and Mr David Brindle (Oct 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Turner | 51 years | Oct 2009 | - | Director | |
| Mr David Brindle | England | 54 years | Oct 2009 | - | Director |
P&L
December 2021turnover
41.3m
+2%
operating profit
369.9k
-121%
gross margin
29.3%
+3.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
1.5m
-0.37%
total assets
37.3m
-0.17%
cash
417.3k
+22.87%
net assets
Total assets minus all liabilities
pexion limited company details
company number
02033029
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 1986
age
38
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
legibus 735 limited (March 1987)
accountant
-
auditor
BDO NORTHERN IRELAND
address
c/o interpath ltd 10th floor one, marsden street, manchester, M2 1HW
Bank
HSBC BANK PLC
Legal Advisor
AB CORPORATE LLP
pexion limited Charges & Mortgages
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 11 charges/mortgages relating to pexion limited. Currently there are 6 open charges and 5 have been satisfied in the past.
pexion limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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pexion limited Companies House Filings - See Documents
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