flexible logic ltd Company Information
Company Number
02252492
Next Accounts
Dec 2024
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
Website
www.flexiblelogic.co.ukflexible logic ltd Estimated Valuation
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
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
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
3 Strong
1 Regular
6 Weak
Size
annual sales of £52.5k, make it smaller than the average company (£1.8m)
- Flexible Logic Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (7.8%)
- Flexible Logic Ltd
7.8% - Industry AVG
Production
with a gross margin of 43.3%, this company has a higher cost of product (73.5%)
- Flexible Logic Ltd
73.5% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (4.8%)
- Flexible Logic Ltd
4.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (24)
2 - Flexible Logic Ltd
24 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has an equivalent pay structure (£56.6k)
- Flexible Logic Ltd
£56.6k - Industry AVG
Efficiency
resulting in sales per employee of £26.2k, this is less efficient (£99.9k)
- Flexible Logic Ltd
£99.9k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (67 days)
- Flexible Logic Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (46 days)
- Flexible Logic Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Flexible Logic Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Flexible Logic Ltd
- - Industry AVG
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
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 House, Pomanda Estimates
Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||
Other Income Or Grants | ||||||||||||
Cost Of Sales | ||||||||||||
Gross Profit | ||||||||||||
Admin Expenses | ||||||||||||
Operating Profit | ||||||||||||
Interest Payable | ||||||||||||
Interest Receivable | ||||||||||||
Pre-Tax Profit | ||||||||||||
Tax | ||||||||||||
Profit After Tax | ||||||||||||
Dividends Paid | ||||||||||||
Retained Profit | ||||||||||||
Employee Costs | ||||||||||||
Number Of Employees | 2 | 2 | ||||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 74 | 99 | 132 | 176 | 235 | 314 | 345 | 459 | 612 | 487 | 516 | 90 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 74 | 99 | 132 | 176 | 235 | 314 | 345 | 459 | 612 | 487 | 516 | 90 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 688 | 688 | 688 | 688 | 688 | 688 | 688 |
Trade Debtors | 829 | 859 | 819 | 879 | 935 | 15 | 0 | 0 | 0 | 0 | 105 | 0 |
Group Debtors | 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 |
Cash | 0 | 0 | 0 | 0 | 0 | 104 | 101 | 98 | 37 | 71 | 358 | 1,229 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 829 | 859 | 819 | 879 | 935 | 807 | 789 | 786 | 725 | 759 | 1,151 | 1,917 |
total assets | 903 | 958 | 951 | 1,055 | 1,170 | 1,121 | 1,134 | 1,245 | 1,337 | 1,246 | 1,667 | 2,007 |
Bank overdraft | 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 |
Trade Creditors | 10,796 | 10,381 | 9,846 | 9,454 | 9,005 | 8,579 | 8,189 | 7,888 | 7,388 | 6,664 | 6,491 | 6,233 |
Group/Directors Accounts | 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 |
hp & lease commitments | 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 |
total current liabilities | 10,796 | 10,381 | 9,846 | 9,454 | 9,005 | 8,579 | 8,189 | 7,888 | 7,388 | 6,664 | 6,491 | 6,233 |
loans | 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 |
Accruals and Deferred Income | 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 |
provisions | 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 |
total liabilities | 10,796 | 10,381 | 9,846 | 9,454 | 9,005 | 8,579 | 8,189 | 7,888 | 7,388 | 6,664 | 6,491 | 6,233 |
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 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | ||||||||||||
Depreciation | 104 | 114 | 153 | 204 | 162 | 172 | 30 | |||||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Tax | ||||||||||||
Stock | 0 | 0 | 0 | 0 | -688 | 0 | 0 | 0 | 0 | 0 | 0 | 688 |
Debtors | -30 | 40 | -60 | -56 | 920 | 15 | 0 | 0 | 0 | -105 | 105 | 0 |
Creditors | 415 | 535 | 392 | 449 | 426 | 390 | 301 | 500 | 724 | 173 | 258 | 6,233 |
Accruals and Deferred Income | 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 |
Cash flow from operations | ||||||||||||
Investing Activities | ||||||||||||
capital expenditure | ||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||
Financing Activities | ||||||||||||
Bank loans | 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 |
Other Short Term Loans | 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 |
Hire Purchase and Lease Commitments | 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 |
share issue | ||||||||||||
interest | ||||||||||||
cash flow from financing | ||||||||||||
cash and cash equivalents | ||||||||||||
cash | 0 | 0 | 0 | 0 | -104 | 3 | 3 | 61 | -34 | -287 | -871 | 1,229 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | -104 | 3 | 3 | 61 | -34 | -287 | -871 | 1,229 |
flexible logic ltd Credit Report and Business Information
Flexible Logic Ltd Competitor Analysis
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 directors
Flexible Logic Ltd currently has 2 directors. The longest serving directors include Mr John Gleaves (Nov 1991) and Mrs Elizabeth Gleaves (Nov 1991).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John Gleaves | England | 78 years | Nov 1991 | - | Director |
Mrs Elizabeth Gleaves | England | 76 years | Nov 1991 | - | Director |
P&L
September 2020turnover
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 2020net 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
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
date | description | view/download |
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