l3harris autonomous surface vehicles limited
l3harris autonomous surface vehicles limited Company Information
Company Number
03689515
Next Accounts
154 days late
Shareholders
l3harris technologies uk limited
Group Structure
View All
Industry
Other manufacturing n.e.c.
+2Registered Address
1 blossom yard, fourth floor, london, E1 6RS
Website
http://asvglobal.coml3harris autonomous surface vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED at £17.7m based on a Turnover of £13.4m and 1.32x industry multiple (adjusted for size and gross margin).
l3harris autonomous surface vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED at £0 based on an EBITDA of £-4.3m and a 7.95x industry multiple (adjusted for size and gross margin).
l3harris autonomous surface vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED at £0 based on Net Assets of £-2.5m and 2.27x industry multiple (adjusted for liquidity).
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L3harris Autonomous Surface Vehicles Limited Overview
L3harris Autonomous Surface Vehicles Limited is a live company located in london, E1 6RS with a Companies House number of 03689515. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in December 1998, it's largest shareholder is l3harris technologies uk limited with a 100% stake. L3harris Autonomous Surface Vehicles Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.4m with healthy growth in recent years.
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L3harris Autonomous Surface Vehicles Limited Health Check
Pomanda's financial health check has awarded L3Harris Autonomous Surface Vehicles Limited a 3 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 £13.4m, make it larger than the average company (£7.3m)
£13.4m - L3harris Autonomous Surface Vehicles Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.6%)
11% - L3harris Autonomous Surface Vehicles Limited
3.6% - Industry AVG
Production
with a gross margin of 60.2%, this company has a lower cost of product (36.4%)
60.2% - L3harris Autonomous Surface Vehicles Limited
36.4% - Industry AVG
Profitability
an operating margin of -33.8% make it less profitable than the average company (5.5%)
-33.8% - L3harris Autonomous Surface Vehicles Limited
5.5% - Industry AVG
Employees
with 128 employees, this is above the industry average (47)
128 - L3harris Autonomous Surface Vehicles Limited
47 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has an equivalent pay structure (£53.8k)
£50.5k - L3harris Autonomous Surface Vehicles Limited
£53.8k - Industry AVG
Efficiency
resulting in sales per employee of £104.7k, this is less efficient (£143.7k)
£104.7k - L3harris Autonomous Surface Vehicles Limited
£143.7k - Industry AVG
Debtor Days
it gets paid by customers after 246 days, this is later than average (58 days)
246 days - L3harris Autonomous Surface Vehicles Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 155 days, this is slower than average (38 days)
155 days - L3harris Autonomous Surface Vehicles Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is in line with average (71 days)
59 days - L3harris Autonomous Surface Vehicles Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)
4 weeks - L3harris Autonomous Surface Vehicles Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 116.8%, this is a higher level of debt than the average (51.8%)
116.8% - L3harris Autonomous Surface Vehicles Limited
51.8% - Industry AVG
L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED financials
L3Harris Autonomous Surface Vehicles Limited's latest turnover from December 2022 is £13.4 million and the company has net assets of -£2.5 million. According to their latest financial statements, L3Harris Autonomous Surface Vehicles Limited has 128 employees and maintains cash reserves of £1.7 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 | 13,400,963 | 15,858,335 | 11,875,279 | 9,760,343 | 10,664,152 | 9,428,007 | 6,375,027 | |||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 5,335,372 | 8,938,093 | 5,671,248 | 3,748,186 | 5,496,186 | 4,977,983 | 2,881,955 | |||||||
| Gross Profit | 8,065,591 | 6,920,242 | 6,204,031 | 6,012,157 | 5,167,966 | 4,450,024 | 3,493,072 | |||||||
| Admin Expenses | 12,600,676 | 9,091,865 | 7,490,632 | 8,750,417 | 7,240,001 | 4,956,923 | 3,375,352 | |||||||
| Operating Profit | -4,535,085 | -2,171,623 | -1,286,601 | -2,738,260 | -2,072,035 | -506,899 | 117,720 | |||||||
| Interest Payable | 135,969 | 71,333 | 91,410 | 96,786 | ||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -4,671,054 | -2,242,956 | -1,378,011 | -2,835,046 | -2,072,258 | -506,899 | 117,720 | |||||||
| Tax | 190,466 | 287,210 | 191,537 | 476,564 | 712,915 | 43 | ||||||||
| Profit After Tax | -4,480,588 | -1,955,746 | -1,378,011 | -2,643,509 | -1,595,694 | 206,016 | 117,763 | |||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -4,480,588 | -1,955,746 | -1,378,011 | -2,643,509 | -1,595,694 | 206,016 | 117,763 | |||||||
| Employee Costs | 6,459,748 | 5,341,850 | 4,545,638 | 5,083,496 | 4,498,291 | 3,323,877 | 2,166,206 | |||||||
| Number Of Employees | 128 | 110 | 99 | 111 | 113 | 83 | 57 | 46 | ||||||
| EBITDA* | -4,277,295 | -1,851,651 | -935,551 | -2,320,920 | -914,890 | 179,116 | 548,195 |
* 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 | 2,493,721 | 869,132 | 864,198 | 1,239,146 | 1,523,615 | 1,708,317 | 1,415,542 | 1,000,217 | 1,012,672 | 864,464 | 51,822 | 26,776 | 30,172 | |
| Intangible Assets | 750 | 16,750 | 3,859,893 | 2,546,138 | 1,494,468 | 642,643 | 419,982 | 110,770 | ||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,493,721 | 869,882 | 880,948 | 1,239,146 | 5,383,508 | 4,254,455 | 2,910,010 | 1,642,860 | 1,432,654 | 975,234 | 51,822 | 26,776 | 30,172 | |
| Stock & work in progress | 875,551 | 763,751 | 536,681 | 694,766 | 447,282 | 316,284 | 131,443 | 30,000 | 30,000 | 43,907 | 9,270 | 6,220 | ||
| Trade Debtors | 9,036,348 | 5,524,827 | 6,889,151 | 3,983,857 | 3,895,446 | 2,897,093 | 2,388,464 | 894,679 | 663,474 | 1,356,186 | 638,307 | 221,366 | 50,735 | 3,407 |
| Group Debtors | 64,731 | 1,390 | 33,572 | |||||||||||
| Misc Debtors | 969,819 | 1,103,776 | 725,669 | 867,552 | 920,517 | 2,456,716 | 1,253,731 | 721,969 | ||||||
| Cash | 1,657,662 | 3,247,582 | 690,379 | 2,209,584 | 2,961,883 | 394,549 | 290,914 | 444,279 | 371,572 | 60,156 | 122,270 | 20,949 | 109,528 | 111,226 |
| misc current assets | ||||||||||||||
| total current assets | 12,604,111 | 10,639,936 | 8,841,880 | 7,757,149 | 8,225,128 | 6,064,642 | 4,064,552 | 2,124,499 | 1,065,046 | 1,460,249 | 769,847 | 248,535 | 160,263 | 114,633 |
| total assets | 15,097,832 | 11,509,818 | 9,722,828 | 8,996,295 | 13,608,636 | 10,319,097 | 6,974,562 | 3,767,359 | 2,497,700 | 2,435,483 | 821,669 | 275,311 | 190,435 | 114,633 |
| Bank overdraft | 1,515 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 2,278,159 | 468,267 | 681,030 | 278,224 | 308,829 | 721,196 | 343,755 | 347,440 | 423,121 | 870,701 | 252,878 | 73,002 | 43,728 | 12,557 |
| Group/Directors Accounts | 13,185,214 | 7,207,128 | 7,106,884 | 5,248,188 | 9,521,663 | 3,206,319 | 686,109 | 4,322,727 | ||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,992,110 | 2,345,289 | 1,745,184 | 1,902,142 | 799,780 | 1,819,039 | 1,578,170 | 410,086 | ||||||
| total current liabilities | 17,455,483 | 10,020,684 | 9,533,098 | 7,428,554 | 10,631,787 | 5,746,554 | 2,608,034 | 5,080,253 | 423,121 | 870,701 | 252,878 | 73,002 | 43,728 | 12,557 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 426 | 2,477,059 | 1,817,550 | 980,779 | 416,271 | 181,838 | ||||||||
| provisions | 171,000 | |||||||||||||
| total long term liabilities | 171,426 | 2,477,059 | 1,817,550 | 980,779 | 416,271 | 181,838 | ||||||||
| total liabilities | 17,626,909 | 10,020,684 | 9,533,098 | 7,428,554 | 10,631,787 | 5,746,554 | 2,608,034 | 5,080,253 | 2,900,180 | 2,688,251 | 1,233,657 | 489,273 | 225,566 | 12,557 |
| net assets | -2,529,077 | 1,489,134 | 189,730 | 1,567,741 | 2,976,849 | 4,572,543 | 4,366,528 | -1,312,894 | -402,480 | -252,768 | -411,988 | -213,962 | -35,131 | 102,076 |
| total shareholders funds | -2,529,077 | 1,489,134 | 189,730 | 1,567,741 | 2,976,849 | 4,572,543 | 4,366,528 | -1,312,894 | -402,480 | -252,768 | -411,988 | -213,962 | -35,131 | 102,076 |
| 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 | -4,535,085 | -2,171,623 | -1,286,601 | -2,738,260 | -2,072,035 | -506,899 | 117,720 | |||||||
| Depreciation | 257,790 | 303,972 | 351,050 | 417,340 | 484,535 | 384,895 | 262,859 | 288,906 | 126,714 | 55,081 | 23,061 | 10,172 | 10,663 | |
| Amortisation | 16,000 | 672,610 | 301,120 | 167,616 | 67,530 | 36,720 | 7,771 | |||||||
| Tax | 190,466 | 287,210 | 191,537 | 476,564 | 712,915 | 43 | ||||||||
| Stock | 111,800 | 227,070 | -158,085 | 247,484 | 130,998 | 184,841 | 101,443 | -13,907 | 34,637 | 3,050 | 6,220 | |||
| Debtors | 3,442,295 | -986,217 | 2,762,021 | 36,836 | -537,846 | 1,711,614 | 1,991,975 | 986,746 | -692,712 | 717,879 | 416,941 | 170,631 | 47,328 | 3,407 |
| Creditors | 1,809,892 | -212,763 | 402,806 | -30,605 | -412,367 | 377,441 | -3,685 | -75,681 | -447,580 | 617,823 | 179,876 | 29,274 | 31,171 | 12,557 |
| Accruals and Deferred Income | -353,179 | 600,105 | -156,958 | 1,102,362 | -1,019,259 | 240,869 | 1,168,084 | 410,086 | ||||||
| Deferred Taxes & Provisions | 171,000 | |||||||||||||
| Cash flow from operations | -6,013,211 | -417,952 | -3,293,639 | -1,341,946 | -1,463,104 | -386,114 | -380,781 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -2,030,460 | -1,697,626 | ||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -2,030,460 | -1,697,626 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 5,978,086 | 100,244 | 1,858,696 | -4,273,475 | 6,315,344 | 2,520,210 | -3,636,618 | 4,322,727 | ||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 426 | -2,477,059 | 659,509 | 836,771 | 564,508 | 234,433 | 181,838 | |||||||
| share issue | ||||||||||||||
| interest | -135,969 | -71,333 | -91,410 | -96,786 | ||||||||||
| cash flow from financing | 6,304,920 | 3,284,061 | 1,767,286 | -3,135,860 | 6,315,344 | 2,520,209 | 1,925,041 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -1,589,920 | 2,557,203 | -1,519,205 | -752,299 | 2,567,334 | 103,635 | -153,365 | 72,707 | 311,416 | -62,114 | 101,321 | -88,579 | -1,698 | 111,226 |
| overdraft | -1,515 | 1,515 | ||||||||||||
| change in cash | -1,589,920 | 2,557,203 | -1,519,205 | -750,784 | 2,565,819 | 103,635 | -153,365 | 72,707 | 311,416 | -62,114 | 101,321 | -88,579 | -1,698 | 111,226 |
l3harris autonomous surface vehicles limited Credit Report and Business Information
L3harris Autonomous Surface Vehicles Limited Competitor Analysis
Perform a competitor analysis for l3harris autonomous surface vehicles limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in E 1 area or any other competitors across 12 key performance metrics.
l3harris autonomous surface vehicles limited Ownership
L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED group structure
L3Harris Autonomous Surface Vehicles Limited has no subsidiary companies.
Ultimate parent company
L3HARRIS TECHNOLOGIES INC
#0000653
2 parents
L3HARRIS AUTONOMOUS SURFACE VEHICLES LIMITED
03689515
l3harris autonomous surface vehicles limited directors
L3Harris Autonomous Surface Vehicles Limited currently has 2 directors. The longest serving directors include Mr Stuart Evans (Sep 2018) and Mr Christoph Feddersen (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Evans | 54 years | Sep 2018 | - | Director | |
| Mr Christoph Feddersen | United Kingdom | 53 years | Aug 2024 | - | Director |
P&L
December 2022turnover
13.4m
-15%
operating profit
-4.5m
+109%
gross margin
60.2%
+37.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.5m
-2.7%
total assets
15.1m
+0.31%
cash
1.7m
-0.49%
net assets
Total assets minus all liabilities
Similar Companies
l3harris autonomous surface vehicles limited company details
company number
03689515
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
32990 - Other manufacturing n.e.c.
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
December 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
autonomous surface vehicles limited (January 2022)
accountant
-
auditor
ERNST & YOUNG LLP
address
1 blossom yard, fourth floor, london, E1 6RS
Bank
-
Legal Advisor
-
l3harris autonomous surface vehicles 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 2 charges/mortgages relating to l3harris autonomous surface vehicles limited. Currently there are 1 open charges and 1 have been satisfied in the past.
l3harris autonomous surface vehicles 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.
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l3harris autonomous surface vehicles limited Companies House Filings - See Documents
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