labvantage solutions limited
labvantage solutions limited Company Information
Company Number
03333308
Next Accounts
Dec 2024
Industry
Other information technology and computer service activities
Directors
Shareholders
labvantage systems ltd
Group Structure
View All
Contact
Registered Address
5 cliveden office village, lancaster road, high wycombe, HP12 3YZ
Website
www.labvantage.comlabvantage solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LABVANTAGE SOLUTIONS LIMITED at £2.7m based on a Turnover of £3.6m and 0.74x industry multiple (adjusted for size and gross margin).
labvantage solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LABVANTAGE SOLUTIONS LIMITED at £0 based on an EBITDA of £-719.7k and a 5.19x industry multiple (adjusted for size and gross margin).
labvantage solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LABVANTAGE SOLUTIONS LIMITED at £6.1m based on Net Assets of £2.7m and 2.23x industry multiple (adjusted for liquidity).
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Labvantage Solutions Limited Overview
Labvantage Solutions Limited is a live company located in high wycombe, HP12 3YZ with a Companies House number of 03333308. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 1997, it's largest shareholder is labvantage systems ltd with a 100% stake. Labvantage Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with high growth in recent years.
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Labvantage Solutions Limited Health Check
Pomanda's financial health check has awarded Labvantage Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£5.9m)
£3.6m - Labvantage Solutions Limited
£5.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6.3%)
28% - Labvantage Solutions Limited
6.3% - Industry AVG
Production
with a gross margin of 49.1%, this company has a comparable cost of product (49.1%)
49.1% - Labvantage Solutions Limited
49.1% - Industry AVG
Profitability
an operating margin of -22.2% make it less profitable than the average company (3.4%)
-22.2% - Labvantage Solutions Limited
3.4% - Industry AVG
Employees
with 31 employees, this is below the industry average (40)
31 - Labvantage Solutions Limited
40 - Industry AVG
Pay Structure
on an average salary of £107.6k, the company has a higher pay structure (£66.3k)
£107.6k - Labvantage Solutions Limited
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £115.8k, this is less efficient (£161.4k)
£115.8k - Labvantage Solutions Limited
£161.4k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (55 days)
36 days - Labvantage Solutions Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 2371 days, this is slower than average (37 days)
2371 days - Labvantage Solutions Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Labvantage Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - Labvantage Solutions Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (63.9%)
82.2% - Labvantage Solutions Limited
63.9% - Industry AVG
LABVANTAGE SOLUTIONS LIMITED financials
Labvantage Solutions Limited's latest turnover from March 2023 is £3.6 million and the company has net assets of £2.7 million. According to their latest financial statements, Labvantage Solutions Limited has 31 employees and maintains cash reserves of £988.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,589,300 | 2,532,413 | 4,324,452 | 1,719,090 | 1,741,112 | 3,844,269 | 191,488 | 1,726,773 | 1,272,376 | 3,039,105 | 1,632,987 | 4,872,546 | 7,265,647 | 9,187,567 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 35,963 | 90,497 | 136,941 | 87,322 | 13,343 | 5,446,604 | ||||||||
| Gross Profit | 155,525 | 1,636,276 | 1,135,435 | 2,951,783 | 1,619,644 | 3,740,963 | ||||||||
| Admin Expenses | 2,232,226 | 2,160,191 | 1,094,482 | 2,799,649 | 1,563,329 | 3,130,758 | ||||||||
| Operating Profit | -797,022 | -155,234 | 2,261,605 | -39,866 | -1,666,000 | 1,629,347 | -2,076,701 | -523,915 | 40,953 | 152,134 | 56,315 | 193,410 | 352,685 | 610,205 |
| Interest Payable | 23,093 | 34,023 | 1,606,000 | 29,337 | 20,086 | 22,119 | 18,631 | 8,483 | 0 | 0 | 0 | 2,132 | 0 | 0 |
| Interest Receivable | 1,061,347 | 360,535 | 11,673 | 921,873 | 22,963 | 32,438 | 30,658 | 59,207 | 40,315 | 46,686 | 50,516 | 55,110 | 10,596 | 1,954 |
| Pre-Tax Profit | 241,232 | 171,278 | 667,278 | 852,670 | -1,021,910 | 385,124 | 153,936 | 112,967 | 81,268 | 198,820 | 106,831 | 246,388 | 363,281 | 612,159 |
| Tax | -40,795 | -35,168 | -65,743 | -20,057 | -36,362 | -36,555 | -41,661 | -22,873 | -45,801 | -48,723 | -28,131 | -71,370 | -139,788 | -145,759 |
| Profit After Tax | 200,437 | 136,110 | 601,535 | 832,613 | -1,058,272 | 348,569 | 112,275 | 90,094 | 35,467 | 150,097 | 78,700 | 175,018 | 223,493 | 466,400 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 200,437 | 136,110 | 601,535 | 832,613 | -1,058,272 | 348,569 | 112,275 | 90,094 | 35,467 | 150,097 | 78,700 | 175,018 | 223,493 | 466,400 |
| Employee Costs | 3,337,087 | 2,117,180 | 1,858,300 | 1,773,749 | 1,681,829 | 1,551,472 | 1,587,203 | 1,595,344 | 1,645,746 | 1,738,818 | 1,653,218 | 1,514,368 | 1,535,283 | 1,812,476 |
| Number Of Employees | 31 | 25 | 21 | 21 | 24 | 22 | 21 | 20 | 21 | 23 | 23 | 21 | 21 | 21 |
| EBITDA* | -719,683 | -84,516 | 2,325,145 | -5,223 | -1,653,409 | 1,654,330 | -2,047,131 | -494,510 | 59,115 | 161,839 | 66,904 | 201,247 | 360,372 | 622,725 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 116,649 | 164,309 | 6,657,772 | 6,546,846 | 756,684 | 5,664,020 | 6,364,145 | 5,506,417 | 69,996 | 18,970 | 14,790 | 15,350 | 13,274 | 5,324 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 453 | 709 | 0 | 359 |
| Investments & Other | 56,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 6,319,110 | 3,553 | 6,455,977 | 6,320,076 | 737,026 | 5,645,515 | 6,331,672 | 5,454,581 | 0 | 0 | 0 | 0 | 3,388 | 0 |
| Total Fixed Assets | 6,491,974 | 160,756 | 6,653,927 | 6,546,846 | 756,684 | 5,664,020 | 6,364,145 | 5,506,417 | 69,996 | 18,970 | 15,243 | 16,059 | 16,662 | 5,683 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 355,855 | 0 | 0 | 0 | 13,491,084 | 11,775,433 | 10,623,354 | 7,152,072 | 0 | 76,854 | 122,642 | 37,357 | 1,825,639 | 3,389,251 |
| Group Debtors | 7,218,270 | 17,234,917 | 10,168,279 | 14,926,473 | 5,992,167 | 749,707 | 734,094 | 0 | 10,726,656 | 8,699,602 | 8,851,379 | 8,823,728 | 5,744,909 | 0 |
| Misc Debtors | 309,078 | 466,533 | 178,029 | 107,063 | 163,060 | 134,916 | 316,096 | 839,585 | 129,989 | 44,050 | 84,757 | 491,416 | 33,289 | 357,332 |
| Cash | 988,496 | 5,413,672 | 4,579,503 | 923,257 | 1,153,308 | 1,295,339 | 991,693 | 1,879,151 | 1,594,506 | 5,351,662 | 1,563,757 | 2,361,563 | 2,751,935 | 2,265,252 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,871,699 | 23,115,122 | 14,925,811 | 15,956,793 | 20,799,619 | 13,955,395 | 12,665,237 | 9,870,808 | 12,451,151 | 14,172,168 | 10,622,535 | 11,714,064 | 10,355,772 | 6,011,835 |
| total assets | 15,363,673 | 23,275,878 | 21,579,738 | 22,503,639 | 21,556,303 | 19,619,415 | 19,029,382 | 15,377,225 | 12,521,147 | 14,191,138 | 10,637,778 | 11,730,123 | 10,372,434 | 6,017,518 |
| 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 | 11,870,283 | 20,127,161 | 18,618,298 | 19,770,473 | 19,050,295 | 17,213,435 | 16,872,322 | 13,786,685 | 34,627 | 65,829 | 13,232 | 10,671 | 36,946 | 188,585 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,395,505 | 9,054,660 | 9,433,033 | 7,012,201 | 2,409,300 |
| 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 | 3,630 | 21,975 | 0 | 27,377 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 733,312 | 549,430 | 450,496 | 774,189 | 1,540,711 | 378,309 | 451,437 | 0 | 10,932,929 | 294,310 | 284,489 | 1,079,722 | 2,291,608 | 2,611,447 |
| total current liabilities | 12,603,595 | 20,676,591 | 19,068,794 | 20,544,662 | 20,591,006 | 17,595,374 | 17,345,734 | 13,786,685 | 10,994,933 | 12,755,644 | 9,352,381 | 10,523,426 | 9,340,755 | 5,209,332 |
| loans | 0 | 130,802 | 226,336 | 318,226 | 0 | 0 | 17,598 | 43,664 | 91,264 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 25,755 | 65,401 | 113,168 | 159,113 | 0 | 0 | 8,799 | 21,832 | 45,632 | 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 | 7,246 | 3,338 | 4,284 | 3,038 | 15,306 | 19,242 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 25,755 | 65,401 | 113,168 | 162,736 | 1,669 | 2,142 | 10,318 | 29,485 | 55,253 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 12,629,350 | 20,741,992 | 19,181,962 | 20,707,398 | 20,592,675 | 17,597,516 | 17,356,052 | 13,816,170 | 11,050,186 | 12,755,644 | 9,352,381 | 10,523,426 | 9,340,755 | 5,209,332 |
| net assets | 2,734,323 | 2,533,886 | 2,397,776 | 1,796,241 | 963,628 | 2,021,899 | 1,673,330 | 1,561,055 | 1,470,961 | 1,435,494 | 1,285,397 | 1,206,697 | 1,031,679 | 808,186 |
| total shareholders funds | 2,734,323 | 2,533,886 | 2,397,776 | 1,796,241 | 963,628 | 2,021,899 | 1,673,330 | 1,561,055 | 1,470,961 | 1,435,494 | 1,285,397 | 1,206,697 | 1,031,679 | 808,186 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -797,022 | -155,234 | 2,261,605 | -39,866 | -1,666,000 | 1,629,347 | -2,076,701 | -523,915 | 40,953 | 152,134 | 56,315 | 193,410 | 352,685 | 610,205 |
| Depreciation | 77,339 | 70,718 | 63,540 | 34,643 | 12,591 | 24,983 | 29,570 | 29,405 | 18,162 | 9,252 | 10,333 | 7,525 | 7,328 | 10,166 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 453 | 256 | 312 | 359 | 2,354 |
| Tax | -40,795 | -35,168 | -65,743 | -20,057 | -36,362 | -36,555 | -41,661 | -22,873 | -45,801 | -48,723 | -28,131 | -71,370 | -139,788 | -145,759 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,502,690 | 902,718 | -4,551,327 | 970,275 | 2,077,766 | 300,355 | 4,558,978 | 2,589,593 | 2,036,139 | -238,272 | -293,723 | 1,745,276 | 3,860,642 | 3,746,583 |
| Creditors | -8,256,878 | 1,508,863 | -1,152,175 | 720,178 | 1,836,860 | 341,113 | 3,085,637 | 13,752,058 | -31,202 | 52,597 | 2,561 | -26,275 | -151,639 | 188,585 |
| Accruals and Deferred Income | 183,882 | 98,934 | -323,693 | -766,522 | 1,162,402 | -73,128 | 451,437 | -10,932,929 | 10,638,619 | 9,821 | -795,233 | -1,211,886 | -319,839 | 2,611,447 |
| Deferred Taxes & Provisions | 0 | 0 | -7,246 | 3,908 | -946 | 1,246 | -12,268 | -3,936 | 19,242 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,330,784 | 585,395 | 5,327,615 | -1,037,991 | -769,221 | 1,586,651 | -3,122,964 | -291,783 | 8,603,834 | 413,806 | -460,176 | -2,853,560 | -4,111,536 | -469,585 |
| Investing Activities | ||||||||||||||
| capital expenditure | -10,622 | -15,278 | -1,817 | |||||||||||
| Change in Investments | 56,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -10,622 | -15,278 | -1,817 | |||||||||||
| 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 | -12,395,505 | 3,340,845 | -378,373 | 2,420,832 | 4,602,901 | 2,409,300 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -130,802 | -95,534 | -91,890 | 318,226 | 0 | -17,598 | -26,066 | -47,600 | 91,264 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -39,646 | -47,767 | -45,945 | 159,113 | -3,630 | -27,144 | 8,942 | -51,177 | 73,009 | 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 | 1,038,254 | 326,512 | -1,594,327 | 892,536 | 2,877 | 10,319 | 12,027 | 50,724 | 40,315 | 46,686 | 50,516 | 52,978 | 10,596 | 1,954 |
| cash flow from financing | 867,806 | 183,211 | -1,732,162 | 1,369,875 | -752 | -34,423 | -5,097 | -48,053 | -12,190,917 | 3,387,531 | -327,857 | 2,473,810 | 4,613,497 | 2,753,040 |
| cash and cash equivalents | ||||||||||||||
| cash | -4,425,176 | 834,169 | 3,656,246 | -230,051 | -142,031 | 303,646 | -887,458 | 284,645 | -3,757,156 | 3,787,905 | -797,806 | -390,372 | 486,683 | 2,265,252 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,425,176 | 834,169 | 3,656,246 | -230,051 | -142,031 | 303,646 | -887,458 | 284,645 | -3,757,156 | 3,787,905 | -797,806 | -390,372 | 486,683 | 2,265,252 |
labvantage solutions limited Credit Report and Business Information
Labvantage Solutions Limited Competitor Analysis
Perform a competitor analysis for labvantage solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in HP12 area or any other competitors across 12 key performance metrics.
labvantage solutions limited Ownership
LABVANTAGE SOLUTIONS LIMITED group structure
Labvantage Solutions Limited has no subsidiary companies.
Ultimate parent company
LABVANTAGE SOLUTIONS MAURITIUS LTD
#0149927
2 parents
LABVANTAGE SOLUTIONS LIMITED
03333308
labvantage solutions limited directors
Labvantage Solutions Limited currently has 1 director, Kaizad Hazari serving since Oct 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Kaizad Hazari | England | 55 years | Oct 2023 | - | Director |
P&L
March 2023turnover
3.6m
+42%
operating profit
-797k
+413%
gross margin
49.1%
-2.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.7m
+0.08%
total assets
15.4m
-0.34%
cash
988.5k
-0.82%
net assets
Total assets minus all liabilities
Similar Companies
labvantage solutions limited company details
company number
03333308
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 1997
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
ultima corporation limited (May 1997)
accountant
-
auditor
KPMG LLP
address
5 cliveden office village, lancaster road, high wycombe, HP12 3YZ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
labvantage solutions 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 3 charges/mortgages relating to labvantage solutions limited. Currently there are 0 open charges and 3 have been satisfied in the past.
labvantage solutions limited Companies House Filings - See Documents
| date | description | view/download |
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