lucid research limited
lucid research limited Company Information
Company Number
03137433
Website
www.lucid-research.comRegistered Address
1st floor vantage london, great west road, brentford, TW8 9AG
Industry
Other software publishing
Telephone
01482882121
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
lucid innovations limited 100%
lucid research limited Estimated Valuation
Pomanda estimates the enterprise value of LUCID RESEARCH LIMITED at £1.5m based on a Turnover of £1.6m and 0.93x industry multiple (adjusted for size and gross margin).
lucid research limited Estimated Valuation
Pomanda estimates the enterprise value of LUCID RESEARCH LIMITED at £6.5m based on an EBITDA of £1.4m and a 4.66x industry multiple (adjusted for size and gross margin).
lucid research limited Estimated Valuation
Pomanda estimates the enterprise value of LUCID RESEARCH LIMITED at £14m based on Net Assets of £8.9m and 1.58x industry multiple (adjusted for liquidity).
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Lucid Research Limited Overview
Lucid Research Limited is a live company located in brentford, TW8 9AG with a Companies House number of 03137433. It operates in the other software publishing sector, SIC Code 58290. Founded in December 1995, it's largest shareholder is lucid innovations limited with a 100% stake. Lucid Research Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.
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Lucid Research Limited Health Check
Pomanda's financial health check has awarded Lucid Research Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
3 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£5.6m)
£1.6m - Lucid Research Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.2%)
-10% - Lucid Research Limited
5.2% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (72.6%)
100% - Lucid Research Limited
72.6% - Industry AVG
Profitability
an operating margin of 88% make it more profitable than the average company (4.7%)
88% - Lucid Research Limited
4.7% - Industry AVG
Employees
with 11 employees, this is below the industry average (39)
- Lucid Research Limited
39 - Industry AVG
Pay Structure
on an average salary of £80.4k, the company has an equivalent pay structure (£80.4k)
- Lucid Research Limited
£80.4k - Industry AVG
Efficiency
resulting in sales per employee of £144.2k, this is equally as efficient (£157.8k)
- Lucid Research Limited
£157.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Lucid Research Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lucid Research Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lucid Research Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lucid Research Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.9%, this is a lower level of debt than the average (61.1%)
17.9% - Lucid Research Limited
61.1% - Industry AVG
lucid research limited Credit Report and Business Information
Lucid Research Limited Competitor Analysis
Perform a competitor analysis for lucid research limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lucid research limited Ownership
LUCID RESEARCH LIMITED group structure
Lucid Research Limited has no subsidiary companies.
Ultimate parent company
H & F CORPORATE INVESTORS VII LTD
#0076445
2 parents
LUCID RESEARCH LIMITED
03137433
lucid research limited directors
Lucid Research Limited currently has 3 directors. The longest serving directors include Mr Christopher Bauleke (Mar 2023) and Mr Neal Dittersdorf (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Bauleke | United States | 57 years | Mar 2023 | - | Director |
| Mr Neal Dittersdorf | United States | 64 years | Mar 2023 | - | Director |
| Mr Ted Wolf | United States | 46 years | Jan 2024 | - | Director |
LUCID RESEARCH LIMITED financials
Lucid Research Limited's latest turnover from December 2022 is £1.6 million and the company has net assets of £8.9 million. According to their latest financial statements, we estimate that Lucid Research Limited has 11 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,586,000 | 1,502,000 | 1,714,000 | 2,142,000 | 1,638,000 | 1,534,000 | 1,285,000 | 828,000 | 932,000 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 29,000 | 33,000 | |||||
| Gross Profit | 1,586,000 | 1,502,000 | 1,714,000 | 2,142,000 | 1,638,000 | 1,534,000 | 1,281,000 | 799,000 | 899,000 | |||||
| Admin Expenses | 191,000 | 193,000 | 250,000 | 306,000 | 241,000 | 354,000 | 374,000 | 381,000 | 364,000 | |||||
| Operating Profit | 1,395,000 | 1,309,000 | 1,464,000 | 1,836,000 | 1,397,000 | 1,180,000 | 907,000 | 418,000 | 535,000 | |||||
| Interest Payable | 12,000 | 7,000 | 7,000 | 3,000 | 4,000 | 6,000 | 1,000 | 7,000 | 0 | |||||
| Interest Receivable | 145,000 | 125,000 | 104,000 | 87,000 | 68,000 | 53,000 | 26,000 | 13,000 | 4,000 | |||||
| Pre-Tax Profit | 1,528,000 | 1,427,000 | 1,561,000 | 1,920,000 | 1,461,000 | 1,227,000 | 932,000 | 424,000 | 549,000 | |||||
| Tax | 0 | -23,000 | -98,000 | -365,000 | -255,000 | -210,000 | -75,000 | -74,000 | -89,000 | |||||
| Profit After Tax | 1,528,000 | 1,404,000 | 1,463,000 | 1,555,000 | 1,206,000 | 1,017,000 | 857,000 | 350,000 | 460,000 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 246,000 | 284,000 | |||||
| Retained Profit | 1,528,000 | 1,404,000 | 1,463,000 | 1,555,000 | 1,206,000 | 1,017,000 | 857,000 | 104,000 | 176,000 | |||||
| Employee Costs | 68,000 | 77,000 | 70,000 | 67,000 | 127,000 | 291,000 | 221,000 | |||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 3 | 5 | 5 | |||||||
| EBITDA* | 1,395,000 | 1,309,000 | 1,464,000 | 1,836,000 | 1,397,000 | 1,180,000 | 908,000 | 420,000 | 538,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 3,000 | 4,437 | 454 | 1,597 | 1,537 | 1,649 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,637 | 2,266 | 0 | 0 | 112 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 1,053,000 | 1,037,000 | 1,022,000 | 4,932,000 | 0 | 0 | 0 | 0 | 1,052,626 | 754,645 | 232,402 | 70,440 | 20,018 |
| Total Fixed Assets | 0 | 1,053,000 | 1,037,000 | 1,022,000 | 4,932,000 | 0 | 0 | 1,000 | 4,000 | 1,058,700 | 757,365 | 233,999 | 71,977 | 21,779 |
| Stock & work in progress | 0 | 0 | 35,000 | 36,000 | 37,000 | 32,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 48,000 | 5,000 | 5,000 | 0 | 0 | 1,000 | 115,000 | 85,000 | 115,693 | 114,170 | 86,230 | 73,048 | 59,202 |
| Group Debtors | 10,850,000 | 7,631,000 | 6,485,000 | 5,194,000 | 1,366,000 | 4,508,000 | 2,617,000 | 963,000 | 1,289,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 1,000 | 30,000 | 14,000 | 69,000 | 63,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 4,000 | 4,000 | 101,000 | 706,000 | 132,000 | 121,681 | 120,099 | 335,035 | 300,314 | 295,192 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,850,000 | 7,679,000 | 6,526,000 | 5,265,000 | 1,421,000 | 4,613,000 | 2,792,000 | 1,784,000 | 1,506,000 | 237,374 | 234,269 | 421,265 | 373,362 | 354,394 |
| total assets | 10,850,000 | 8,732,000 | 7,563,000 | 6,287,000 | 6,353,000 | 4,613,000 | 2,792,000 | 1,785,000 | 1,510,000 | 1,296,074 | 991,634 | 655,264 | 445,339 | 376,173 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 776,126 | 650,109 | 474,728 | 298,012 | 81,751 |
| Group/Directors Accounts | 1,567,000 | 512,000 | 488,000 | 484,000 | 1,609,000 | 805,000 | 272,000 | 5,000 | 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 | 373,000 | 838,000 | 661,000 | 852,000 | 1,348,000 | 1,584,000 | 1,347,000 | 1,464,000 | 1,288,000 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,940,000 | 1,350,000 | 1,149,000 | 1,336,000 | 2,957,000 | 2,389,000 | 1,619,000 | 1,469,000 | 1,298,000 | 776,126 | 650,109 | 474,728 | 298,012 | 81,751 |
| 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 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,940,000 | 1,350,000 | 1,149,000 | 1,336,000 | 2,957,000 | 2,423,000 | 1,619,000 | 1,469,000 | 1,298,000 | 776,126 | 650,109 | 474,728 | 298,012 | 81,751 |
| net assets | 8,910,000 | 7,382,000 | 6,414,000 | 4,951,000 | 3,396,000 | 2,190,000 | 1,173,000 | 316,000 | 212,000 | 519,948 | 341,525 | 180,536 | 147,327 | 294,422 |
| total shareholders funds | 8,910,000 | 7,382,000 | 6,414,000 | 4,951,000 | 3,396,000 | 2,190,000 | 1,173,000 | 316,000 | 212,000 | 519,948 | 341,525 | 180,536 | 147,327 | 294,422 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,395,000 | 1,309,000 | 1,464,000 | 1,836,000 | 1,397,000 | 1,180,000 | 907,000 | 418,000 | 535,000 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 2,000 | 2,499 | 1,143 | 1,481 | 1,096 | 1,909 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 755 | 755 | 0 | 112 | 113 | |
| Tax | 0 | -23,000 | -98,000 | -365,000 | -255,000 | -210,000 | -75,000 | -74,000 | -89,000 | |||||
| Stock | 0 | -35,000 | -1,000 | -1,000 | 5,000 | 22,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,118,000 | 1,204,000 | 1,277,000 | -61,000 | 1,735,000 | 1,896,000 | 1,603,000 | -90,319 | 205,681 | 299,504 | 550,183 | 175,144 | 64,268 | 79,220 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -776,126 | -766,126 | 126,017 | 175,381 | 176,716 | 216,261 | 81,751 |
| Accruals and Deferred Income | -465,000 | 177,000 | -191,000 | -496,000 | -236,000 | 237,000 | -117,000 | 1,464,000 | 1,288,000 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -34,000 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,188,000 | 294,000 | -101,000 | 1,037,000 | -677,000 | -897,000 | 1,124,193 | 765,193 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 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 | 0 | 0 |
| Group/Directors Accounts | 1,055,000 | 24,000 | 4,000 | -1,125,000 | 804,000 | 533,000 | 267,000 | 5,000 | 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 | ||||||||||||||
| interest | 133,000 | 118,000 | 97,000 | 84,000 | 64,000 | 47,000 | 25,000 | 6,000 | 4,000 | |||||
| cash flow from financing | 1,188,000 | -294,000 | 101,000 | -1,041,000 | 868,000 | 580,000 | 292,000 | -296,948 | -479,948 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | -4,000 | 0 | -97,000 | -605,000 | 584,319 | 10,319 | 1,582 | -214,936 | 34,721 | 5,122 | 295,192 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -4,000 | 0 | -97,000 | -605,000 | 584,319 | 10,319 | 1,582 | -214,936 | 34,721 | 5,122 | 295,192 |
P&L
December 2022turnover
1.6m
+6%
operating profit
1.4m
+7%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.9m
+0.21%
total assets
10.9m
+0.24%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
lucid research limited company details
company number
03137433
Type
Private limited with Share Capital
industry
58290 - Other software publishing
incorporation date
December 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
1st floor vantage london, great west road, brentford, TW8 9AG
last accounts submitted
December 2022
lucid research 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 lucid research limited. Currently there are 0 open charges and 5 have been satisfied in the past.
lucid research limited Companies House Filings - See Documents
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