vix afc limited
vix afc limited Company Information
Company Number
02649163
Website
www.vixtechnology.comRegistered Address
ridgecourt the ridge, epsom, surrey, KT18 7EP
Industry
Manufacture of other transport equipment n.e.c.
Telephone
08081680205
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
icm mobility group ltd 100%
vix afc limited Estimated Valuation
Pomanda estimates the enterprise value of VIX AFC LIMITED at £110.7m based on a Turnover of £64m and 1.73x industry multiple (adjusted for size and gross margin).
vix afc limited Estimated Valuation
Pomanda estimates the enterprise value of VIX AFC LIMITED at £0 based on an EBITDA of £-207.9k and a 14.44x industry multiple (adjusted for size and gross margin).
vix afc limited Estimated Valuation
Pomanda estimates the enterprise value of VIX AFC LIMITED at £73.8m based on Net Assets of £29.4m and 2.51x industry multiple (adjusted for liquidity).
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Vix Afc Limited Overview
Vix Afc Limited is a live company located in surrey, KT18 7EP with a Companies House number of 02649163. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in September 1991, it's largest shareholder is icm mobility group ltd with a 100% stake. Vix Afc Limited is a mature, large sized company, Pomanda has estimated its turnover at £64m with rapid growth in recent years.
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Vix Afc Limited Health Check
Pomanda's financial health check has awarded Vix Afc Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £64m, make it larger than the average company (£15.4m)
£64m - Vix Afc Limited
£15.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (4.9%)
51% - Vix Afc Limited
4.9% - Industry AVG
Production
with a gross margin of 65.8%, this company has a lower cost of product (24.4%)
65.8% - Vix Afc Limited
24.4% - Industry AVG
Profitability
an operating margin of -10.1% make it less profitable than the average company (5.8%)
-10.1% - Vix Afc Limited
5.8% - Industry AVG
Employees
with 372 employees, this is above the industry average (74)
372 - Vix Afc Limited
74 - Industry AVG
Pay Structure
on an average salary of £78.4k, the company has a higher pay structure (£39.6k)
£78.4k - Vix Afc Limited
£39.6k - Industry AVG
Efficiency
resulting in sales per employee of £172k, this is equally as efficient (£180.4k)
£172k - Vix Afc Limited
£180.4k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (65 days)
105 days - Vix Afc Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 119 days, this is slower than average (54 days)
119 days - Vix Afc Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 121 days, this is more than average (85 days)
121 days - Vix Afc Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)
5 weeks - Vix Afc Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.3%, this is a similar level of debt than the average (52.5%)
52.3% - Vix Afc Limited
52.5% - Industry AVG
VIX AFC LIMITED financials
Vix Afc Limited's latest turnover from June 2023 is £64 million and the company has net assets of £29.4 million. According to their latest financial statements, Vix Afc Limited has 372 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 63,989,105 | 75,424,900 | 33,877,912 | 18,427,544 | 11,283,000 | 7,731,000 | 22,409,000 | 20,762,000 | 10,060,857 | |||||
| Other Income Or Grants | 14,578 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 21,921,277 | 26,381,526 | 6,893,976 | 5,469,542 | 2,300,000 | 1,331,000 | 18,167,000 | 16,624,000 | 7,957,253 | |||||
| Gross Profit | 42,082,406 | 49,043,373 | 26,983,936 | 12,958,002 | 8,983,000 | 6,400,000 | 4,242,000 | 4,138,000 | 2,103,604 | |||||
| Admin Expenses | 8,684,000 | 8,749,000 | 9,636,000 | 7,354,000 | 1,923,710 | |||||||||
| Operating Profit | 299,000 | -2,349,000 | -5,394,000 | -3,216,000 | 179,894 | |||||||||
| Interest Payable | 330,699 | 326,908 | 202,410 | 140,749 | 0 | 0 | 275,000 | 13,000 | 0 | |||||
| Interest Receivable | 83,633 | 19,277 | 5,622 | 1,513 | 0 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | -6,421,392 | -1,543,775 | 9,249,799 | -1,558,835 | 299,000 | -2,349,000 | -5,669,000 | -3,229,000 | 179,894 | |||||
| Tax | -230,952 | -103,614 | -97,189 | 0 | 0 | 0 | -1,927,000 | 406,000 | 0 | |||||
| Profit After Tax | -6,652,344 | -1,647,390 | 9,152,610 | -1,558,835 | 299,000 | -2,349,000 | -7,596,000 | -2,823,000 | 179,894 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | -6,485,844 | -1,647,390 | 9,152,610 | -1,558,835 | 299,000 | -2,349,000 | -7,596,000 | -2,823,000 | 179,894 | |||||
| Employee Costs | 29,162,894 | 38,282,731 | 15,179,920 | 9,671,585 | 1,327,000 | 2,098,000 | 8,104,000 | 7,545,000 | 1,794,559 | |||||
| Number Of Employees | 372 | 461 | 545 | 143 | 42 | 42 | 198 | 214 | 41 | |||||
| EBITDA* | 316,000 | -2,326,000 | -4,935,000 | -2,848,000 | 212,058 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,139,339 | 6,741,365 | 9,370,281 | 2,203,557 | 0 | 0 | 0 | 0 | 0 | 102,000 | 63,000 | 252,000 | 221,000 | 86,841 |
| Intangible Assets | 17,866,953 | 20,019,277 | 21,740,562 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,316,000 | 1,627,000 | 0 |
| Investments & Other | 850,149 | 1,387,148 | 1,584,738 | 0 | 0 | 0 | 0 | 0 | 0 | 6,287,000 | 6,287,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 6,138,264 | 2,733,333 | 4,203,212 | 34,052 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,203,000 | 6,875,000 | 3,590,146 |
| Total Fixed Assets | 26,006,291 | 26,457,028 | 30,768,674 | 2,203,556 | 0 | 0 | 0 | 0 | 0 | 6,389,000 | 6,350,000 | 9,771,000 | 8,723,000 | 3,676,987 |
| Stock & work in progress | 7,300,698 | 4,541,365 | 4,343,775 | 542,565 | 0 | 0 | 0 | 0 | 0 | 1,013,000 | 706,000 | 1,554,000 | 2,004,000 | 815,641 |
| Trade Debtors | 18,503,031 | 24,393,574 | 21,710,843 | 2,392,736 | 0 | 0 | 0 | 0 | 0 | 2,281,000 | 1,767,000 | 5,804,000 | 7,223,000 | 1,403,733 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,191,000 | 4,210,000 | 975,000 | 243,000 | 0 |
| Misc Debtors | 6,633,161 | 6,577,510 | 7,827,309 | 973,136 | 0 | 0 | 0 | 0 | 0 | 3,351,000 | 2,413,000 | 2,275,000 | 4,894,000 | 3,005,714 |
| Cash | 3,010,818 | 6,500,401 | 3,567,068 | 693,151 | 0 | 0 | 0 | 0 | 0 | 197,000 | 117,000 | 761,000 | 116,000 | 180,963 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 35,539,784 | 42,293,976 | 37,448,996 | 4,601,589 | 0 | 0 | 0 | 0 | 0 | 12,033,000 | 9,213,000 | 11,369,000 | 14,480,000 | 5,406,051 |
| total assets | 61,546,075 | 68,751,004 | 68,217,670 | 6,805,145 | 0 | 0 | 0 | 0 | 0 | 18,422,000 | 15,563,000 | 21,140,000 | 23,203,000 | 9,083,038 |
| 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 | 7,171,795 | 5,510,040 | 4,877,108 | 1,097,995 | 0 | 0 | 0 | 0 | 0 | 955,000 | 1,096,000 | 1,597,000 | 1,799,000 | 356,439 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 757,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 467,275 | 703,614 | 932,530 | 232,311 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,364,228 | 28,067,468 | 20,083,533 | 3,841,845 | 0 | 0 | 0 | 0 | 0 | 0 | 993,000 | 8,281,000 | 5,946,000 | 816,518 |
| total current liabilities | 29,003,299 | 34,281,124 | 25,893,173 | 5,172,153 | 0 | 0 | 0 | 0 | 0 | 955,000 | 2,089,000 | 9,884,000 | 8,502,000 | 1,172,957 |
| loans | 3,584,744 | 753,412 | 4,759,035 | 3,125,236 | 0 | 0 | 0 | 0 | 0 | 16,525,000 | 12,831,000 | 20,805,000 | 16,767,000 | 7,406,282 |
| hp & lease commitments | 1,714,877 | 376,706 | 1,167,068 | 1,562,618 | 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 | 1,299,010 | 1,425,702 | 2,444,176 | 10,733,257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 367,000 | 254,000 | 0 |
| total long term liabilities | 3,158,137 | 1,802,409 | 5,179,116 | 12,295,875 | 0 | 0 | 0 | 0 | 0 | 16,525,000 | 12,831,000 | 21,172,000 | 17,021,000 | 7,406,282 |
| total liabilities | 32,161,436 | 36,083,533 | 31,072,289 | 17,468,028 | 0 | 0 | 0 | 0 | 0 | 17,480,000 | 14,920,000 | 31,056,000 | 25,523,000 | 8,579,239 |
| net assets | 29,384,638 | 32,667,470 | 37,145,381 | -10,662,883 | 0 | 0 | 0 | 0 | 0 | 942,000 | 643,000 | -9,916,000 | -2,320,000 | 503,799 |
| total shareholders funds | 29,384,639 | 32,667,470 | 37,145,382 | -10,662,883 | 0 | 0 | 0 | 0 | 0 | 942,000 | 643,000 | -9,916,000 | -2,320,000 | 503,799 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 299,000 | -2,349,000 | -5,394,000 | -3,216,000 | 179,894 | |||||||||
| Depreciation | 429,679 | 514,859 | 972,691 | 356,413 | 17,000 | 23,000 | 148,000 | 119,000 | 32,164 | |||||
| Amortisation | 5,847,464 | 6,061,044 | 900,401 | 0 | 0 | 0 | 311,000 | 249,000 | 0 | |||||
| Tax | -230,952 | -103,614 | -97,189 | 0 | 0 | 0 | -1,927,000 | 406,000 | 0 | |||||
| Stock | 2,759,333 | 197,590 | 3,801,210 | 542,565 | 0 | 0 | 0 | 0 | -1,013,000 | 307,000 | -848,000 | -450,000 | 1,188,359 | 815,641 |
| Debtors | -2,429,961 | -36,947 | 30,341,440 | 3,399,924 | 0 | 0 | 0 | 0 | -10,823,000 | 2,433,000 | -8,867,000 | -1,978,000 | 11,235,407 | 7,999,593 |
| Creditors | 1,661,755 | 632,932 | 3,779,114 | 1,097,995 | 0 | 0 | 0 | 0 | -955,000 | -141,000 | -501,000 | -202,000 | 1,442,561 | 356,439 |
| Accruals and Deferred Income | -6,703,240 | 7,983,935 | 16,241,688 | 3,841,845 | 0 | 0 | 0 | 0 | 0 | -993,000 | -7,288,000 | 2,335,000 | 5,129,482 | 816,518 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -367,000 | 113,000 | 254,000 | 0 |
| Cash flow from operations | -3,558,000 | -767,000 | -2,188,000 | -8,039,723 | -7,430,219 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -181,000 | -74,000 | -18,222 | |||||||||||
| Change in Investments | -536,999 | -197,590 | 1,584,738 | 0 | 0 | 0 | 0 | 0 | -6,287,000 | 0 | 6,287,000 | 0 | 0 | 0 |
| cash flow from investments | -181,000 | -74,000 | -18,222 | |||||||||||
| 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 | -6,000 | -751,000 | 757,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,831,332 | -4,005,623 | 1,633,799 | 3,125,236 | 0 | 0 | 0 | 0 | -16,525,000 | 3,694,000 | -7,974,000 | 4,038,000 | 9,360,718 | 7,406,282 |
| Hire Purchase and Lease Commitments | 1,101,832 | -1,019,278 | 304,669 | 1,794,929 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -126,692 | -1,018,474 | -8,289,081 | 10,733,257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -247,066 | -307,631 | -196,788 | -139,236 | 0 | 0 | -275,000 | -13,000 | 0 | |||||
| cash flow from financing | 6,762,419 | -9,181,528 | 32,108,254 | 6,410,138 | 3,694,000 | 4,928,000 | 3,012,000 | 10,103,919 | 7,730,187 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | -3,489,583 | 2,933,333 | 2,873,917 | 693,151 | 0 | 0 | 0 | 0 | -197,000 | 80,000 | -644,000 | 645,000 | -64,963 | 180,963 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,489,583 | 2,933,333 | 2,873,917 | 693,151 | 0 | 0 | 0 | 0 | -197,000 | 80,000 | -644,000 | 645,000 | -64,963 | 180,963 |
vix afc limited Credit Report and Business Information
Vix Afc Limited Competitor Analysis
Perform a competitor analysis for vix afc limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in KT18 area or any other competitors across 12 key performance metrics.
vix afc limited Ownership
VIX AFC LIMITED group structure
Vix Afc Limited has 1 subsidiary company.
Ultimate parent company
VIX LTD.
#0146618
2 parents
VIX AFC LIMITED
02649163
1 subsidiary
vix afc limited directors
Vix Afc Limited currently has 6 directors. The longest serving directors include Mr Martyn Jenkins (Oct 2019) and Mr Steven Gallagher (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martyn Jenkins | England | 49 years | Oct 2019 | - | Director |
| Mr Steven Gallagher | United Kingdom | 60 years | Apr 2021 | - | Director |
| Mr Duncan Saville | United Kingdom | 67 years | Apr 2021 | - | Director |
| Mr David Maitland | England | 61 years | Dec 2021 | - | Director |
| Mr Aaron Ross | United Kingdom | 44 years | Feb 2024 | - | Director |
| Ms Stephanie Saville | United Kingdom | 34 years | Mar 2024 | - | Director |
P&L
June 2023turnover
64m
-15%
operating profit
-6.5m
0%
gross margin
65.8%
+1.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
29.4m
-0.1%
total assets
61.5m
-0.1%
cash
3m
-0.54%
net assets
Total assets minus all liabilities
Similar Companies
vix afc limited company details
company number
02649163
Type
Private limited with Share Capital
industry
30990 - Manufacture of other transport equipment n.e.c.
incorporation date
September 1991
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
vix technology (uk) limited (November 2015)
erg transit systems (uk) ltd (November 2010)
See moreaccountant
-
auditor
UHY HACKER YOUNG
address
ridgecourt the ridge, epsom, surrey, KT18 7EP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
vix afc 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 5 charges/mortgages relating to vix afc limited. Currently there are 0 open charges and 5 have been satisfied in the past.
vix afc limited Companies House Filings - See Documents
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