logtek limited
logtek limited Company Information
Company Number
03179154
Next Accounts
194 days late
Shareholders
la holding limited
Group Structure
View All
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Registered Address
building 4, 7 ridgeway, quinton business park, birmingham, B32 1AF
Website
www.logtek.comlogtek limited Estimated Valuation
Pomanda estimates the enterprise value of LOGTEK LIMITED at £14.4m based on a Turnover of £19.8m and 0.73x industry multiple (adjusted for size and gross margin).
logtek limited Estimated Valuation
Pomanda estimates the enterprise value of LOGTEK LIMITED at £9.5m based on an EBITDA of £3m and a 3.16x industry multiple (adjusted for size and gross margin).
logtek limited Estimated Valuation
Pomanda estimates the enterprise value of LOGTEK LIMITED at £18.7m based on Net Assets of £8.2m and 2.29x industry multiple (adjusted for liquidity).
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Logtek Limited Overview
Logtek Limited is a live company located in birmingham, B32 1AF with a Companies House number of 03179154. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in March 1996, it's largest shareholder is la holding limited with a 100% stake. Logtek Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.8m with healthy growth in recent years.
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Logtek Limited Health Check
Pomanda's financial health check has awarded Logtek Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £19.8m, make it larger than the average company (£8.3m)
£19.8m - Logtek Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.8%)
6% - Logtek Limited
5.8% - Industry AVG
Production
with a gross margin of 22.2%, this company has a higher cost of product (46.9%)
22.2% - Logtek Limited
46.9% - Industry AVG
Profitability
an operating margin of 6% make it less profitable than the average company (12.9%)
6% - Logtek Limited
12.9% - Industry AVG
Employees
with 93 employees, this is above the industry average (31)
93 - Logtek Limited
31 - Industry AVG
Pay Structure
on an average salary of £32.9k, the company has a lower pay structure (£45.3k)
£32.9k - Logtek Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £213k, this is equally as efficient (£205.8k)
£213k - Logtek Limited
£205.8k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is near the average (63 days)
75 days - Logtek Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (49 days)
120 days - Logtek Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Logtek Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (6 weeks)
26 weeks - Logtek Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.2%, this is a similar level of debt than the average (67.6%)
67.2% - Logtek Limited
67.6% - Industry AVG
LOGTEK LIMITED financials
Logtek Limited's latest turnover from December 2022 is £19.8 million and the company has net assets of £8.2 million. According to their latest financial statements, Logtek Limited has 93 employees and maintains cash reserves of £8.3 million 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 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,805,000 | 19,138,000 | 17,983,000 | 16,619,000 | 20,601,000 | 22,469,000 | 32,962,000 | 29,374,000 | 27,724,000 | 25,506,000 | 20,936,000 | 18,427,000 | 16,623,000 | 21,310,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 15,411,000 | 14,982,000 | 13,795,000 | 12,496,000 | 16,659,000 | 18,154,000 | 29,006,000 | 25,159,000 | 21,793,000 | 20,753,000 | 16,544,000 | 14,496,000 | 13,200,000 | 18,275,000 |
| Gross Profit | 4,394,000 | 4,156,000 | 4,188,000 | 4,123,000 | 3,942,000 | 4,315,000 | 3,956,000 | 4,215,000 | 5,931,000 | 4,753,000 | 4,392,000 | 3,931,000 | 3,423,000 | 3,035,000 |
| Admin Expenses | 3,212,000 | 2,857,000 | 3,246,000 | 2,801,000 | 2,464,000 | 2,212,000 | 2,474,000 | 2,497,000 | 2,488,000 | 1,960,000 | 1,874,000 | 2,187,000 | 2,125,000 | 2,427,000 |
| Operating Profit | 1,182,000 | 1,299,000 | 942,000 | 1,322,000 | 1,478,000 | 2,103,000 | 1,482,000 | 1,718,000 | 3,443,000 | 2,793,000 | 2,518,000 | 1,744,000 | 1,298,000 | 608,000 |
| Interest Payable | 229,000 | 172,000 | 87,000 | 91,000 | 16,000 | 5,000 | 30,000 | 22,000 | 49,000 | 52,000 | 25,000 | 51,000 | ||
| Interest Receivable | 354,000 | 115,000 | 48,000 | 94,000 | 129,000 | 360,000 | 405,000 | 254,000 | 311,000 | 40,000 | 72,000 | 123,000 | ||
| Pre-Tax Profit | 1,307,000 | 1,242,000 | 903,000 | 1,325,000 | 1,591,000 | 2,458,000 | 1,857,000 | 1,972,000 | 3,732,000 | 2,784,000 | 2,466,000 | 1,744,000 | 1,345,000 | 1,727,000 |
| Tax | -190,000 | -214,000 | -206,000 | 48,000 | 188,000 | -401,000 | -404,000 | -431,000 | -848,000 | -654,000 | -675,000 | -542,000 | -412,000 | -270,000 |
| Profit After Tax | 1,117,000 | 1,028,000 | 697,000 | 1,373,000 | 1,779,000 | 2,057,000 | 1,453,000 | 1,541,000 | 2,884,000 | 2,130,000 | 1,791,000 | 1,202,000 | 933,000 | 1,457,000 |
| Dividends Paid | 700,000 | 4,000,000 | 3,000,000 | |||||||||||
| Retained Profit | 1,117,000 | 1,028,000 | 697,000 | 1,373,000 | 1,779,000 | 2,057,000 | 1,453,000 | 1,541,000 | 2,884,000 | 1,430,000 | -2,209,000 | 1,202,000 | -2,067,000 | 1,457,000 |
| Employee Costs | 3,056,000 | 3,613,000 | 3,435,000 | 3,612,000 | 3,605,000 | 3,295,000 | 3,105,000 | 2,915,000 | 2,819,000 | 2,310,000 | 2,836,000 | 2,998,000 | 3,100,000 | 3,146,000 |
| Number Of Employees | 93 | 109 | 107 | 126 | 129 | 123 | 117 | 107 | 105 | 89 | 101 | 110 | 117 | 114 |
| EBITDA* | 3,019,000 | 3,001,000 | 2,515,000 | 3,021,000 | 2,007,000 | 2,552,000 | 1,825,000 | 1,996,000 | 3,443,000 | 2,983,000 | 2,719,000 | 2,165,000 | 1,805,000 | 1,246,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | 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 | 3,538,000 | 4,692,000 | 6,088,000 | 3,291,000 | 2,074,000 | 2,196,000 | 1,622,000 | 1,081,000 | 942,000 | 580,000 | 432,000 | 415,000 | 689,000 | 1,128,000 |
| Intangible Assets | 5,000 | 11,000 | 18,000 | 12,000 | 6,000 | 2,000 | 4,000 | 16,000 | ||||||
| Investments & Other | 38,000 | 107,000 | ||||||||||||
| Debtors (Due After 1 year) | 8,916,000 | 7,890,000 | 14,026,000 | 13,107,000 | ||||||||||
| Total Fixed Assets | 12,454,000 | 12,587,000 | 20,163,000 | 16,523,000 | 2,086,000 | 2,202,000 | 1,624,000 | 1,085,000 | 958,000 | 580,000 | 432,000 | 415,000 | 689,000 | 1,128,000 |
| Stock & work in progress | 53,000 | 16,000 | ||||||||||||
| Trade Debtors | 4,116,000 | 14,344,000 | 3,615,000 | 6,991,000 | 4,548,000 | 4,835,000 | 4,817,000 | 3,236,000 | 3,293,000 | 3,956,000 | 5,214,000 | 5,409,000 | 4,389,000 | 5,057,000 |
| Group Debtors | 638,000 | 11,295,000 | 6,169,000 | 7,497,000 | 7,435,000 | 3,875,000 | 2,533,000 | 1,682,000 | 8,000 | 44,000 | ||||
| Misc Debtors | 738,000 | 798,000 | 710,000 | 809,000 | 621,000 | 1,126,000 | 1,263,000 | 1,200,000 | 1,357,000 | 1,588,000 | 1,983,000 | |||
| Cash | 8,326,000 | 6,438,000 | 6,734,000 | 3,266,000 | 3,751,000 | 7,814,000 | 2,951,000 | 5,747,000 | 3,926,000 | 2,703,000 | 896,000 | 2,397,000 | 1,168,000 | 7,670,000 |
| misc current assets | ||||||||||||||
| total current assets | 12,442,000 | 20,782,000 | 11,087,000 | 10,895,000 | 20,392,000 | 19,528,000 | 16,074,000 | 17,039,000 | 12,220,000 | 10,455,000 | 8,992,000 | 9,171,000 | 7,198,000 | 14,770,000 |
| total assets | 24,896,000 | 33,369,000 | 31,250,000 | 27,418,000 | 22,478,000 | 21,730,000 | 17,698,000 | 18,124,000 | 13,178,000 | 11,035,000 | 9,424,000 | 9,586,000 | 7,887,000 | 15,898,000 |
| Bank overdraft | 2,930,000 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 5,074,000 | 5,273,000 | 4,891,000 | 4,471,000 | 3,941,000 | 5,272,000 | 2,476,000 | 3,106,000 | 245,000 | 256,000 | 694,000 | 1,072,000 | 856,000 | 3,046,000 |
| Group/Directors Accounts | 1,045,000 | 98,000 | 185,000 | 1,551,000 | 169,000 | 362,000 | 53,000 | 332,000 | 553,000 | |||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 1,039,000 | 1,378,000 | 1,188,000 | 42,000 | 40,000 | |||||||||
| other current liabilities | 9,164,000 | 8,459,000 | 6,672,000 | 4,772,000 | 4,185,000 | 3,845,000 | 5,097,000 | 6,346,000 | 5,802,000 | 4,363,000 | 3,551,000 | 1,435,000 | 875,000 | 1,478,000 |
| total current liabilities | 16,322,000 | 15,208,000 | 12,936,000 | 10,794,000 | 8,168,000 | 9,157,000 | 7,573,000 | 9,452,000 | 6,047,000 | 4,788,000 | 4,607,000 | 2,560,000 | 2,063,000 | 8,007,000 |
| loans | 698,000 | 782,000 | ||||||||||||
| hp & lease commitments | 299,000 | 1,027,000 | 2,283,000 | 1,290,000 | 349,000 | 391,000 | ||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 99,000 | 75,000 | ||||||||||||
| total long term liabilities | 398,000 | 1,102,000 | 2,283,000 | 1,290,000 | 349,000 | 391,000 | ||||||||
| total liabilities | 16,720,000 | 16,310,000 | 15,219,000 | 12,084,000 | 8,517,000 | 9,548,000 | 7,573,000 | 9,452,000 | 6,047,000 | 4,788,000 | 4,607,000 | 2,560,000 | 2,063,000 | 8,007,000 |
| net assets | 8,176,000 | 17,059,000 | 16,031,000 | 15,334,000 | 13,961,000 | 12,182,000 | 10,125,000 | 8,672,000 | 7,131,000 | 6,247,000 | 4,817,000 | 7,026,000 | 5,824,000 | 7,891,000 |
| total shareholders funds | 8,176,000 | 17,059,000 | 16,031,000 | 15,334,000 | 13,961,000 | 12,182,000 | 10,125,000 | 8,672,000 | 7,131,000 | 6,247,000 | 4,817,000 | 7,026,000 | 5,824,000 | 7,891,000 |
| Dec 2022 | 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 | 1,182,000 | 1,299,000 | 942,000 | 1,322,000 | 1,478,000 | 2,103,000 | 1,482,000 | 1,718,000 | 3,443,000 | 2,793,000 | 2,518,000 | 1,744,000 | 1,298,000 | 608,000 |
| Depreciation | 1,832,000 | 1,696,000 | 1,566,000 | 1,695,000 | 527,000 | 446,000 | 343,000 | 278,000 | 190,000 | 201,000 | 421,000 | 507,000 | 638,000 | |
| Amortisation | 5,000 | 6,000 | 7,000 | 4,000 | 2,000 | 3,000 | ||||||||
| Tax | -190,000 | -214,000 | -206,000 | 48,000 | 188,000 | -401,000 | -404,000 | -431,000 | -848,000 | -654,000 | -675,000 | -542,000 | -412,000 | -270,000 |
| Stock | -53,000 | 37,000 | 16,000 | |||||||||||
| Debtors | -9,202,000 | 3,855,000 | -2,357,000 | 4,095,000 | 4,927,000 | -1,409,000 | 1,831,000 | 2,998,000 | 542,000 | -344,000 | 1,322,000 | 797,000 | -1,107,000 | 7,084,000 |
| Creditors | -199,000 | 382,000 | 420,000 | 530,000 | -1,331,000 | 2,796,000 | -630,000 | 2,861,000 | -11,000 | -438,000 | -378,000 | 216,000 | -2,190,000 | 3,046,000 |
| Accruals and Deferred Income | 705,000 | 1,787,000 | 1,900,000 | 587,000 | 340,000 | -1,252,000 | -1,249,000 | 544,000 | 1,439,000 | 812,000 | 2,116,000 | 560,000 | -603,000 | 1,478,000 |
| Deferred Taxes & Provisions | 24,000 | 75,000 | ||||||||||||
| Cash flow from operations | 12,561,000 | 1,176,000 | 6,986,000 | 91,000 | -3,723,000 | 5,104,000 | -2,289,000 | 1,972,000 | 3,481,000 | 3,047,000 | 2,460,000 | 1,655,000 | -330,000 | -1,600,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -38,000 | -69,000 | 107,000 | |||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 947,000 | -87,000 | -1,366,000 | 1,551,000 | -169,000 | -193,000 | 309,000 | -279,000 | -221,000 | 553,000 | ||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -698,000 | -84,000 | 782,000 | |||||||||||
| Hire Purchase and Lease Commitments | -1,067,000 | -1,066,000 | 2,181,000 | 899,000 | -40,000 | 431,000 | ||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 125,000 | -57,000 | -39,000 | 3,000 | 113,000 | 355,000 | 375,000 | 254,000 | 289,000 | -9,000 | -52,000 | 47,000 | 72,000 | |
| cash flow from financing | -9,995,000 | -1,210,000 | 776,000 | 1,755,000 | -11,000 | 1,568,000 | 375,000 | 254,000 | -1,880,000 | -202,000 | 257,000 | -279,000 | -174,000 | 7,059,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,888,000 | -296,000 | 3,468,000 | -485,000 | -4,063,000 | 4,863,000 | -2,796,000 | 1,821,000 | 1,223,000 | 1,807,000 | -1,501,000 | 1,229,000 | -6,502,000 | 7,670,000 |
| overdraft | -2,930,000 | 2,930,000 | ||||||||||||
| change in cash | 1,888,000 | -296,000 | 3,468,000 | -485,000 | -4,063,000 | 4,863,000 | -2,796,000 | 1,821,000 | 1,223,000 | 1,807,000 | -1,501,000 | 1,229,000 | -3,572,000 | 4,740,000 |
logtek limited Credit Report and Business Information
Logtek Limited Competitor Analysis
Perform a competitor analysis for logtek limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in B32 area or any other competitors across 12 key performance metrics.
logtek limited Ownership
LOGTEK LIMITED group structure
Logtek Limited has no subsidiary companies.
Ultimate parent company
BROOKFIELD CORP
#0153040
2 parents
LOGTEK LIMITED
03179154
logtek limited directors
Logtek Limited currently has 3 directors. The longest serving directors include Mr David Wallbank (Feb 2020) and Mrs Lisa Bennett (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wallbank | England | 53 years | Feb 2020 | - | Director |
| Mrs Lisa Bennett | England | 46 years | Apr 2024 | - | Director |
| Mr Patrick De Beer | England | 44 years | Apr 2024 | - | Director |
P&L
December 2022turnover
19.8m
+3%
operating profit
1.2m
-9%
gross margin
22.2%
+2.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.2m
-0.52%
total assets
24.9m
-0.25%
cash
8.3m
+0.29%
net assets
Total assets minus all liabilities
logtek limited company details
company number
03179154
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
March 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
building 4, 7 ridgeway, quinton business park, birmingham, B32 1AF
Bank
ABN AMRO BANK
Legal Advisor
-
logtek 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 13 charges/mortgages relating to logtek limited. Currently there are 2 open charges and 11 have been satisfied in the past.
logtek 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.
Click to start generating capital raising & share issue transactions for LOGTEK LIMITED. This can take several minutes, an email will notify you when this has completed.
logtek limited Companies House Filings - See Documents
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