ix group limited
ix group limited Company Information
Company Number
03936262
Next Accounts
1074 days late
Shareholders
medix uk nominees ltd
rino casmira coladangelo
View AllGroup Structure
View All
Industry
Market research and public opinion polling
Registered Address
the clocktower, clocktower square, canterbury, kent, CT1 2LE
Website
ixgroupinc.comix group limited Estimated Valuation
Pomanda estimates the enterprise value of IX GROUP LIMITED at £855.6k based on a Turnover of £1.8m and 0.48x industry multiple (adjusted for size and gross margin).
ix group limited Estimated Valuation
Pomanda estimates the enterprise value of IX GROUP LIMITED at £2.2m based on an EBITDA of £789.8k and a 2.83x industry multiple (adjusted for size and gross margin).
ix group limited Estimated Valuation
Pomanda estimates the enterprise value of IX GROUP LIMITED at £3.6m based on Net Assets of £2.2m and 1.64x industry multiple (adjusted for liquidity).
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Ix Group Limited Overview
Ix Group Limited is a live company located in canterbury, CT1 2LE with a Companies House number of 03936262. It operates in the market research and public opinion polling sector, SIC Code 73200. Founded in February 2000, it's largest shareholder is medix uk nominees ltd with a 82.7% stake. Ix Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.
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Ix Group Limited Health Check
Pomanda's financial health check has awarded Ix Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£5.6m)
- Ix Group Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.2%)
- Ix Group Limited
5.2% - Industry AVG
Production
with a gross margin of 58%, this company has a comparable cost of product (58%)
- Ix Group Limited
58% - Industry AVG
Profitability
an operating margin of 42.8% make it more profitable than the average company (4.6%)
- Ix Group Limited
4.6% - Industry AVG
Employees
with 17 employees, this is below the industry average (43)
17 - Ix Group Limited
43 - Industry AVG
Pay Structure
on an average salary of £57.5k, the company has an equivalent pay structure (£57.5k)
- Ix Group Limited
£57.5k - Industry AVG
Efficiency
resulting in sales per employee of £104.6k, this is less efficient (£135k)
- Ix Group Limited
£135k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (63 days)
- Ix Group Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (32 days)
- Ix Group Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ix Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 242 weeks, this is more cash available to meet short term requirements (14 weeks)
242 weeks - Ix Group Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.3%, this is a lower level of debt than the average (64.1%)
17.3% - Ix Group Limited
64.1% - Industry AVG
IX GROUP LIMITED financials
Ix Group Limited's latest turnover from July 2020 is estimated at £1.8 million and the company has net assets of £2.2 million. According to their latest financial statements, Ix Group Limited has 17 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 545,350 | 1,032,778 | |||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 56,422 | 112,595 | |||||||||
| Gross Profit | 488,928 | 920,183 | |||||||||
| Admin Expenses | 525,537 | 1,009,033 | |||||||||
| Operating Profit | -36,609 | -88,850 | |||||||||
| Interest Payable | |||||||||||
| Interest Receivable | 39 | 213 | |||||||||
| Pre-Tax Profit | -36,570 | -95,694 | |||||||||
| Tax | -8 | -41 | |||||||||
| Profit After Tax | -36,578 | -95,735 | |||||||||
| Dividends Paid | |||||||||||
| Retained Profit | -36,578 | -95,735 | |||||||||
| Employee Costs | 315,195 | 551,354 | |||||||||
| Number Of Employees | 17 | 14 | 14 | 13 | 7 | 8 | |||||
| EBITDA* | -35,913 | -86,644 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,361 | 5,123 | 31,429 | 4,647 | 3,957 | 2,961 | |||||
| Intangible Assets | 12,054 | 32,717 | |||||||||
| Investments & Other | 62,496 | 853,756 | 853,756 | 853,756 | 853,756 | 853,756 | |||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 83,911 | 37,840 | 31,429 | 4,647 | 853,756 | 853,756 | 853,756 | 853,756 | 853,756 | 3,957 | 2,961 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 289,017 | 287,042 | 265,301 | 206,031 | 20,000 | 20,000 | 101,958 | 211,164 | |||
| Group Debtors | 970,000 | ||||||||||
| Misc Debtors | 137,115 | 67,614 | 23,695 | 30,012 | 7,115 | 3,096 | |||||
| Cash | 2,144,231 | 1,557,599 | 1,212,343 | 1,215,201 | 131,377 | 93,059 | |||||
| misc current assets | |||||||||||
| total current assets | 2,570,363 | 1,912,255 | 1,501,339 | 1,451,244 | 970,000 | 20,000 | 20,000 | 240,450 | 307,319 | ||
| total assets | 2,654,274 | 1,950,095 | 1,532,768 | 1,455,891 | 1,823,756 | 873,756 | 873,756 | 853,756 | 853,756 | 244,407 | 310,280 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 94,664 | 91,045 | 27,175 | 32,764 | 1 | 1 | 1 | 1 | 12,153 | 8,669 | |
| Group/Directors Accounts | 1 | ||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 364,559 | 282,119 | 169,154 | 157,710 | 22,937 | 55,716 | |||||
| total current liabilities | 459,223 | 373,164 | 196,329 | 190,474 | 1 | 1 | 1 | 1 | 1 | 35,090 | 64,385 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | |||||||||||
| total liabilities | 459,223 | 373,164 | 196,329 | 190,474 | 1 | 1 | 1 | 1 | 1 | 35,090 | 64,385 |
| net assets | 2,195,051 | 1,576,931 | 1,335,541 | 1,265,417 | 1,823,755 | 873,755 | 873,755 | 853,755 | 853,755 | 209,317 | 245,895 |
| total shareholders funds | 2,195,051 | 1,576,931 | 1,335,541 | 1,265,417 | 1,823,755 | 873,755 | 873,755 | 853,755 | 853,755 | 209,317 | 245,895 |
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -36,609 | -88,850 | |||||||||
| Depreciation | 7,899 | 19,941 | 10,964 | 696 | 2,206 | ||||||
| Amortisation | 20,663 | ||||||||||
| Tax | -8 | -41 | |||||||||
| Stock | |||||||||||
| Debtors | 71,476 | 65,660 | 52,953 | -733,957 | 950,000 | 20,000 | -109,073 | -105,187 | 214,260 | ||
| Creditors | 3,619 | 63,870 | -5,589 | 32,764 | -1 | -12,152 | 3,484 | 8,669 | |||
| Accruals and Deferred Income | 82,440 | 112,965 | 11,444 | 157,710 | -22,937 | -32,779 | 55,716 | ||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | 39,971 | -236,560 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | -2,300 | ||||||||||
| Change in Investments | 62,496 | -853,756 | 853,756 | ||||||||
| cash flow from investments | -2,300 | ||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -1 | 1 | |||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | 39 | 213 | |||||||||
| cash flow from financing | 39 | 341,843 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | 586,632 | 345,256 | -2,858 | 1,215,201 | -131,377 | 38,318 | 93,059 | ||||
| overdraft | |||||||||||
| change in cash | 586,632 | 345,256 | -2,858 | 1,215,201 | -131,377 | 38,318 | 93,059 |
ix group limited Credit Report and Business Information
Ix Group Limited Competitor Analysis
Perform a competitor analysis for ix group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CT1 area or any other competitors across 12 key performance metrics.
ix group limited Ownership
IX GROUP LIMITED group structure
Ix Group Limited has no subsidiary companies.
Ultimate parent company
IX GROUP LIMITED
03936262
ix group limited directors
Ix Group Limited currently has 4 directors. The longest serving directors include Mr Rino Coladangelo (Mar 2000) and Mr Stephen Willson (Apr 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rino Coladangelo | 73 years | Mar 2000 | - | Director | |
| Mr Stephen Willson | England | 76 years | Apr 2000 | - | Director |
| Mr Stephen Hodges | United Kingdom | 71 years | Apr 2000 | - | Director |
| Mr Simon Barratt | 66 years | Jan 2007 | - | Director |
P&L
July 2020turnover
1.8m
+21%
operating profit
761.3k
0%
gross margin
58%
-4.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2020net assets
2.2m
+0.39%
total assets
2.7m
+0.36%
cash
2.1m
+0.38%
net assets
Total assets minus all liabilities
ix group limited company details
company number
03936262
Type
Private limited with Share Capital
industry
73200 - Market research and public opinion polling
incorporation date
February 2000
age
25
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2020
previous names
ix group plc (September 2010)
medix holdings plc (December 2001)
accountant
REES POLLOCK
auditor
-
address
the clocktower, clocktower square, canterbury, kent, CT1 2LE
Bank
-
Legal Advisor
-
ix group 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 did not find charges/mortgages relating to ix group limited.
ix group 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 IX GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
ix group limited Companies House Filings - See Documents
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