logic certification limited
logic certification limited Company Information
Company Number
04615993
Website
www.logiccertification.comRegistered Address
unit 7 belvue business centre, belvue road, northolt, middlesex, UB5 5QQ
Industry
Technical and vocational secondary education
Telephone
02088392439
Next Accounts Due
January 2026
Group Structure
View All
Shareholders
suzanne gayle budd 45%
kevin john budd 45%
View Alllogic certification limited Estimated Valuation
Pomanda estimates the enterprise value of LOGIC CERTIFICATION LIMITED at £2.3m based on a Turnover of £2.9m and 0.79x industry multiple (adjusted for size and gross margin).
logic certification limited Estimated Valuation
Pomanda estimates the enterprise value of LOGIC CERTIFICATION LIMITED at £0 based on an EBITDA of £-139.1k and a 6.38x industry multiple (adjusted for size and gross margin).
logic certification limited Estimated Valuation
Pomanda estimates the enterprise value of LOGIC CERTIFICATION LIMITED at £19.7k based on Net Assets of £199.2k and 0.1x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Logic Certification Limited Overview
Logic Certification Limited is a live company located in northolt, UB5 5QQ with a Companies House number of 04615993. It operates in the technical and vocational secondary education sector, SIC Code 85320. Founded in December 2002, it's largest shareholder is suzanne gayle budd with a 45% stake. Logic Certification Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with high growth in recent years.
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Logic Certification Limited Health Check
Pomanda's financial health check has awarded Logic Certification Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £2.9m, make it larger than the average company (£978k)
- Logic Certification Limited
£978k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.2%)
- Logic Certification Limited
7.2% - Industry AVG
Production
with a gross margin of 50.9%, this company has a comparable cost of product (50.9%)
- Logic Certification Limited
50.9% - Industry AVG
Profitability
an operating margin of -6.4% make it less profitable than the average company (4.7%)
- Logic Certification Limited
4.7% - Industry AVG
Employees
with 22 employees, this is similar to the industry average (20)
22 - Logic Certification Limited
20 - Industry AVG
Pay Structure
on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)
- Logic Certification Limited
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £131.9k, this is more efficient (£65.9k)
- Logic Certification Limited
£65.9k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is later than average (14 days)
- Logic Certification Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (29 days)
- Logic Certification Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Logic Certification Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is less cash available to meet short term requirements (77 weeks)
27 weeks - Logic Certification Limited
77 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.1%, this is a higher level of debt than the average (20.3%)
80.1% - Logic Certification Limited
20.3% - Industry AVG
LOGIC CERTIFICATION LIMITED financials
Logic Certification Limited's latest turnover from April 2024 is estimated at £2.9 million and the company has net assets of £199.2 thousand. According to their latest financial statements, Logic Certification Limited has 22 employees and maintains cash reserves of £377.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 814,201 | 358,523 | 831,249 | 600,000 | 659,000 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 229,716 | 91,600 | 195,952 | 142,000 | 152,000 | |||||||||||
| Gross Profit | 584,485 | 266,923 | 635,297 | 458,000 | 507,000 | |||||||||||
| Admin Expenses | 546,220 | 256,491 | 668,835 | 446,000 | 564,000 | |||||||||||
| Operating Profit | 38,265 | 10,432 | -33,538 | 12,000 | -57,000 | |||||||||||
| Interest Payable | 0 | 0 | 926 | 0 | 1,000 | |||||||||||
| Interest Receivable | 83 | 0 | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | 38,348 | 10,432 | -34,464 | 12,000 | -58,000 | |||||||||||
| Tax | -7,750 | -14,717 | 5,000 | -4,000 | 17,000 | |||||||||||
| Profit After Tax | 30,598 | -4,285 | -29,464 | 8,000 | -41,000 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Retained Profit | 30,598 | -4,285 | -29,464 | 8,000 | -41,000 | |||||||||||
| Employee Costs | 486,978 | 163,892 | 406,441 | 303,000 | 347,000 | |||||||||||
| Number Of Employees | 22 | 20 | 16 | 16 | 17 | 14 | 12 | 11 | 9 | 9 | 8 | 8 | 5 | |||
| EBITDA* | 47,328 | 14,582 | -25,419 | 20,000 | -49,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 300,067 | 341,910 | 151,520 | 21,781 | 35,978 | 45,550 | 52,533 | 14,382 | 8,461 | 7,300 | 12,198 | 18,304 | 17,683 | 14,161 | 8,000 | 14,000 |
| Intangible Assets | 0 | 201 | 585 | 1,343 | 2,281 | 3,515 | 4,368 | 8,236 | 11,731 | 15,301 | 14,989 | 9,990 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 300,067 | 342,111 | 152,105 | 23,124 | 38,259 | 49,065 | 56,901 | 22,618 | 20,192 | 22,601 | 27,187 | 28,294 | 17,683 | 14,161 | 8,000 | 14,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 242,688 | 232,539 | 184,334 | 212,898 | 134,469 | 164,753 | 150,590 | 186,639 | 100,030 | 160,797 | 181,595 | 169,693 | 144,507 | 99,294 | 97,000 | 62,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 82,974 | 229,117 | 30,746 | 113,780 | 108,507 | 158,705 | 181,122 | 111,335 | 82,378 | 171 | 0 | 0 | 102,850 | 126,366 | 75,000 | 101,000 |
| Cash | 377,551 | 395,515 | 640,294 | 502,270 | 261,181 | 34,516 | 95,601 | 112,486 | 47,204 | 18,550 | 17,520 | 29,795 | 15,412 | 25,797 | 7,000 | 29,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 703,213 | 857,171 | 855,374 | 828,948 | 504,157 | 357,974 | 427,313 | 410,460 | 229,612 | 179,518 | 199,115 | 199,488 | 262,769 | 251,457 | 179,000 | 192,000 |
| total assets | 1,003,280 | 1,199,282 | 1,007,479 | 852,072 | 542,416 | 407,039 | 484,214 | 433,078 | 249,804 | 202,119 | 226,302 | 227,782 | 280,452 | 265,618 | 187,000 | 206,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 10,000 |
| Bank loan | 90,469 | 96,232 | 88,698 | 61,838 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 72,091 | 69,655 | 46,084 | 31,051 | 67,663 | 77,585 | 43,314 | 42,695 | 32,905 | 191,377 | 223,514 | 247,203 | 36,195 | 35,916 | 22,000 | 48,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 229,117 | 243,230 | 113,000 | 123,000 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 558,514 | 463,694 | 246,065 | 280,799 | 224,198 | 101,973 | 116,429 | 155,960 | 191,753 | 0 | 0 | 0 | 65,159 | 32,206 | 56,000 | 39,000 |
| total current liabilities | 721,074 | 629,581 | 380,847 | 373,688 | 331,861 | 179,558 | 159,743 | 198,655 | 224,658 | 191,377 | 223,514 | 247,203 | 330,471 | 311,352 | 200,000 | 220,000 |
| loans | 49,077 | 139,545 | 228,251 | 313,162 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,489 | 2,489 | 5,000 | 12,000 |
| hp & lease commitments | 0 | 0 | 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 5,628 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 0 | 0 | 0 | 0 |
| provisions | 33,904 | 42,889 | 24,320 | 2,841 | 5,254 | 6,021 | 6,830 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 82,981 | 182,434 | 252,571 | 316,003 | 160,882 | 8,510 | 9,319 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 2,489 | 5,000 | 12,000 |
| total liabilities | 804,055 | 812,015 | 633,418 | 689,691 | 492,743 | 188,068 | 169,062 | 201,144 | 227,147 | 193,866 | 226,003 | 249,692 | 332,960 | 313,841 | 205,000 | 232,000 |
| net assets | 199,225 | 387,267 | 374,061 | 162,381 | 49,673 | 218,971 | 315,152 | 231,934 | 22,657 | 8,253 | 299 | -21,910 | -52,508 | -48,223 | -18,000 | -26,000 |
| total shareholders funds | 199,225 | 387,267 | 374,061 | 162,381 | 49,673 | 218,971 | 315,152 | 231,934 | 22,657 | 8,253 | 299 | -21,910 | -52,508 | -48,223 | -18,000 | -26,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 38,265 | 10,432 | -33,538 | 12,000 | -57,000 | |||||||||||
| Depreciation | 47,380 | 21,465 | 13,025 | 15,569 | 20,672 | 18,267 | 12,331 | 5,590 | 4,511 | 9,061 | 11,121 | 9,063 | 4,150 | 8,119 | 8,000 | 8,000 |
| Amortisation | 201 | 384 | 758 | 938 | 1,234 | 2,353 | 5,118 | 4,745 | 4,570 | 4,263 | 2,991 | 0 | 0 | 0 | 0 | 0 |
| Tax | -7,750 | -14,717 | 5,000 | -4,000 | 17,000 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -135,994 | 246,576 | -111,598 | 83,702 | -80,482 | -8,254 | 33,738 | 115,566 | 21,440 | -20,627 | 11,902 | -77,664 | 21,697 | 53,660 | 172,000 | 163,000 |
| Creditors | 2,436 | 23,571 | 15,033 | -36,612 | -9,922 | 34,271 | 619 | 9,790 | -158,472 | -32,137 | -23,689 | 211,008 | 279 | 13,916 | 22,000 | 48,000 |
| Accruals and Deferred Income | 94,820 | 217,629 | -34,734 | 56,601 | 122,225 | -14,456 | -39,531 | -35,793 | 191,753 | 0 | 0 | -65,159 | 32,953 | -23,794 | 56,000 | 39,000 |
| Deferred Taxes & Provisions | -8,985 | 18,569 | 21,479 | -2,413 | -767 | -809 | 6,830 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 263,091 | 11,400 | -83,957 | -78,000 | -108,000 | |||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | -19,674 | -7,672 | -13,172 | -2,000 | 0 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -19,674 | -7,672 | -13,172 | -2,000 | 0 | |||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -5,763 | 7,534 | 26,860 | 21,838 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -229,117 | -14,113 | 130,230 | 113,000 | 123,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -90,468 | -88,706 | -84,911 | 163,162 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,489 | 0 | -2,511 | 5,000 | 12,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -5,628 | 3,139 | 0 | 0 | 0 | 0 | 0 | 0 | 2,489 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 83 | 0 | -926 | 0 | -1,000 | |||||||||||
| cash flow from financing | -229,034 | -14,113 | 126,034 | 92,000 | 149,000 | |||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -17,964 | -244,779 | 138,024 | 241,089 | 226,665 | -61,085 | -16,885 | 65,282 | 28,654 | 1,030 | -12,275 | 14,383 | -10,385 | 18,797 | 7,000 | 29,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,000 | 9,000 | 10,000 |
| change in cash | -17,964 | -244,779 | 138,024 | 241,089 | 226,665 | -61,085 | -16,885 | 65,282 | 28,654 | 1,030 | -12,275 | 14,383 | -10,385 | 27,797 | -2,000 | 19,000 |
logic certification limited Credit Report and Business Information
Logic Certification Limited Competitor Analysis
Perform a competitor analysis for logic certification limited by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in UB5 area or any other competitors across 12 key performance metrics.
logic certification limited Ownership
LOGIC CERTIFICATION LIMITED group structure
Logic Certification Limited has no subsidiary companies.
Ultimate parent company
LOGIC CERTIFICATION LIMITED
04615993
logic certification limited directors
Logic Certification Limited currently has 4 directors. The longest serving directors include Mr Kevin Budd (Dec 2002) and Mr Mark Krull (Nov 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Budd | England | 62 years | Dec 2002 | - | Director |
| Mr Mark Krull | United Kingdom | 57 years | Nov 2005 | - | Director |
| Mrs Suzanne Budd | England | 62 years | Sep 2010 | - | Director |
| Ms Caroline Lay | England | 32 years | Jul 2021 | - | Director |
P&L
April 2024turnover
2.9m
+39%
operating profit
-186.7k
0%
gross margin
51%
+4.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
199.2k
-0.49%
total assets
1m
-0.16%
cash
377.6k
-0.05%
net assets
Total assets minus all liabilities
logic certification limited company details
company number
04615993
Type
Private limited with Share Capital
industry
85320 - Technical and vocational secondary education
incorporation date
December 2002
age
22
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
tlg services limited (February 2004)
tlg heating limited (September 2003)
last accounts submitted
April 2024
address
unit 7 belvue business centre, belvue road, northolt, middlesex, UB5 5QQ
accountant
-
auditor
-
logic certification 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 1 charges/mortgages relating to logic certification limited. Currently there are 1 open charges and 0 have been satisfied in the past.
logic certification limited Companies House Filings - See Documents
| date | description | view/download |
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