flexible logic ltd

flexible logic ltd Company Information

Share FLEXIBLE LOGIC LTD
Dissolved 

Company Number

02252492

Industry

Business and domestic software development

 

Shareholders

mrs elizabeth jane gleaves

mr john timothy gleaves

Group Structure

View All

Contact

Registered Address

28a collegiate crescent, sheffield, S10 2BA

flexible logic ltd Estimated Valuation

£35.8k

Pomanda estimates the enterprise value of FLEXIBLE LOGIC LTD at £35.8k based on a Turnover of £52.5k and 0.68x industry multiple (adjusted for size and gross margin).

flexible logic ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of FLEXIBLE LOGIC LTD at £0 based on an EBITDA of £-470 and a 4.2x industry multiple (adjusted for size and gross margin).

flexible logic ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of FLEXIBLE LOGIC LTD at £0 based on Net Assets of £-9.9k and 2.35x industry multiple (adjusted for liquidity).

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Flexible Logic Ltd Overview

Flexible Logic Ltd is a dissolved company that was located in sheffield, S10 2BA with a Companies House number of 02252492. It operated in the business and domestic software development sector, SIC Code 62012. Founded in May 1988, it's largest shareholder was mrs elizabeth jane gleaves with a 50% stake. The last turnover for Flexible Logic Ltd was estimated at £52.5k.

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Flexible Logic Ltd Health Check

Pomanda's financial health check has awarded Flexible Logic Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £52.5k, make it smaller than the average company (£1.8m)

£52.5k - Flexible Logic Ltd

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (7.8%)

151% - Flexible Logic Ltd

7.8% - Industry AVG

production

Production

with a gross margin of 43.3%, this company has a higher cost of product (73.5%)

43.3% - Flexible Logic Ltd

73.5% - Industry AVG

profitability

Profitability

an operating margin of -0.9% make it less profitable than the average company (4.8%)

-0.9% - Flexible Logic Ltd

4.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (24)

2 - Flexible Logic Ltd

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.6k, the company has an equivalent pay structure (£56.6k)

£56.6k - Flexible Logic Ltd

£56.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £26.2k, this is less efficient (£99.9k)

£26.2k - Flexible Logic Ltd

£99.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (67 days)

5 days - Flexible Logic Ltd

67 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 132 days, this is slower than average (46 days)

132 days - Flexible Logic Ltd

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Flexible Logic Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Flexible Logic Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1195.6%, this is a higher level of debt than the average (61.7%)

1195.6% - Flexible Logic Ltd

61.7% - Industry AVG

FLEXIBLE LOGIC LTD financials

EXPORTms excel logo

Flexible Logic Ltd's latest turnover from September 2020 is estimated at £52.5 thousand and the company has net assets of -£9.9 thousand. According to their latest financial statements, Flexible Logic Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover52,49855,7893,3023,3373,8378584,9844,6203,6183,6818420
Other Income Or Grants000000000000
Cost Of Sales29,77632,2141,9301,8692,1104752,7902,5461,8921,9124560
Gross Profit22,72323,5751,3721,4681,7273832,1952,0741,7251,7693860
Admin Expenses23,19324,1031,8682,0322,1027872,6072,6662,3582,3649884,231
Operating Profit-470-528-496-564-375-404-412-592-633-595-602-4,231
Interest Payable000000000000
Interest Receivable000001100143
Pre-Tax Profit-470-528-496-564-375-403-412-592-633-594-598-4,228
Tax000000000000
Profit After Tax-470-528-496-564-375-403-412-592-633-594-598-4,228
Dividends Paid000000000000
Retained Profit-470-528-496-564-375-403-412-592-633-594-598-4,228
Employee Costs113,284118,86059,02356,96353,93953,44953,66451,36552,11249,36348,5410
Number Of Employees221111111110
EBITDA*-470-528-496-564-375-300-298-439-429-433-430-4,201

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets749913217623531434545961248751690
Intangible Assets000000000000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets749913217623531434545961248751690
Stock & work in progress00000688688688688688688688
Trade Debtors8298598198799351500001050
Group Debtors000000000000
Misc Debtors000000000000
Cash000001041019837713581,229
misc current assets000000000000
total current assets8298598198799358077897867257591,1511,917
total assets9039589511,0551,1701,1211,1341,2451,3371,2461,6672,007
Bank overdraft000000000000
Bank loan000000000000
Trade Creditors 10,79610,3819,8469,4549,0058,5798,1897,8887,3886,6646,4916,233
Group/Directors Accounts000000000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities000000000000
total current liabilities10,79610,3819,8469,4549,0058,5798,1897,8887,3886,6646,4916,233
loans000000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions000000000000
total long term liabilities000000000000
total liabilities10,79610,3819,8469,4549,0058,5798,1897,8887,3886,6646,4916,233
net assets-9,893-9,423-8,895-8,399-7,835-7,458-7,055-6,643-6,051-5,418-4,824-4,226
total shareholders funds-9,893-9,423-8,895-8,399-7,835-7,458-7,055-6,643-6,051-5,418-4,824-4,226
Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-470-528-496-564-375-404-412-592-633-595-602-4,231
Depreciation0000010411415320416217230
Amortisation000000000000
Tax000000000000
Stock0000-688000000688
Debtors-3040-60-5692015000-1051050
Creditors4155353924494263903015007241732586,233
Accruals and Deferred Income000000000000
Deferred Taxes & Provisions000000000000
Cash flow from operations-25-33-44-59-18175361295-155-2771,344
Investing Activities
capital expenditure2533445979-7300-329-133-598-120
Change in Investments000000000000
cash flow from investments2533445979-7300-329-133-598-120
Financing Activities
Bank loans000000000000
Group/Directors Accounts000000000000
Other Short Term Loans 000000000000
Long term loans000000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities000000000000
share issue0000-20000002
interest000001100143
cash flow from financing0000-21100145
cash and cash equivalents
cash0000-1043361-34-287-8711,229
overdraft000000000000
change in cash0000-1043361-34-287-8711,229

flexible logic ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Flexible Logic Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for flexible logic ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in S10 area or any other competitors across 12 key performance metrics.

flexible logic ltd Ownership

FLEXIBLE LOGIC LTD group structure

Flexible Logic Ltd has no subsidiary companies.

Ultimate parent company

FLEXIBLE LOGIC LTD

02252492

FLEXIBLE LOGIC LTD Shareholders

mrs elizabeth jane gleaves 50%
mr john timothy gleaves 50%

flexible logic ltd directors

Flexible Logic Ltd currently has 2 directors. The longest serving directors include Mr John Gleaves (Nov 1991) and Mrs Elizabeth Gleaves (Nov 1991).

officercountryagestartendrole
Mr John GleavesEngland78 years Nov 1991- Director
Mrs Elizabeth GleavesEngland76 years Nov 1991- Director

P&L

September 2020

turnover

52.5k

-6%

operating profit

-470

0%

gross margin

43.3%

+2.42%

turnover

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

Balance Sheet

September 2020

net assets

-9.9k

+0.05%

total assets

903

-0.06%

cash

0

0%

net assets

Total assets minus all liabilities

flexible logic ltd company details

company number

02252492

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

May 1988

age

36

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

September 2020

previous names

lineset limited (October 1988)

accountant

-

auditor

-

address

28a collegiate crescent, sheffield, S10 2BA

Bank

-

Legal Advisor

-

flexible logic ltd 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 did not find charges/mortgages relating to flexible logic ltd.

flexible logic ltd 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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flexible logic ltd Companies House Filings - See Documents

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