lex developments ltd
lex developments ltd Company Information
Company Number
04927874
Next Accounts
Jul 2025
Shareholders
keith daley
david james binsteed
View AllGroup Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
33 seaforth road, seaforth, liverpool, merseyside, L21 3TX
lex developments ltd Estimated Valuation
Pomanda estimates the enterprise value of LEX DEVELOPMENTS LTD at £190.1k based on a Turnover of £79.7k and 2.38x industry multiple (adjusted for size and gross margin).
lex developments ltd Estimated Valuation
Pomanda estimates the enterprise value of LEX DEVELOPMENTS LTD at £94.5k based on an EBITDA of £20.3k and a 4.66x industry multiple (adjusted for size and gross margin).
lex developments ltd Estimated Valuation
Pomanda estimates the enterprise value of LEX DEVELOPMENTS LTD at £611.9k based on Net Assets of £350.5k and 1.75x industry multiple (adjusted for liquidity).
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Lex Developments Ltd Overview
Lex Developments Ltd is a live company located in liverpool, L21 3TX with a Companies House number of 04927874. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2003, it's largest shareholder is keith daley with a 33.3% stake. Lex Developments Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £79.7k with rapid growth in recent years.
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Lex Developments Ltd Health Check
Pomanda's financial health check has awarded Lex Developments Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £79.7k, make it smaller than the average company (£851.7k)
- Lex Developments Ltd
£851.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (2.9%)
- Lex Developments Ltd
2.9% - Industry AVG
Production
with a gross margin of 30%, this company has a higher cost of product (72.9%)
- Lex Developments Ltd
72.9% - Industry AVG
Profitability
an operating margin of 25.4% make it as profitable than the average company (27.1%)
- Lex Developments Ltd
27.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Lex Developments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.8k, the company has an equivalent pay structure (£31.8k)
- Lex Developments Ltd
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £79.7k, this is less efficient (£179.7k)
- Lex Developments Ltd
£179.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Lex Developments Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 512 days, this is slower than average (36 days)
- Lex Developments Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lex Developments Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (12 weeks)
33 weeks - Lex Developments Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.1%, this is a lower level of debt than the average (67.6%)
51.1% - Lex Developments Ltd
67.6% - Industry AVG
LEX DEVELOPMENTS LTD financials
Lex Developments Ltd's latest turnover from October 2023 is estimated at £79.7 thousand and the company has net assets of £350.5 thousand. According to their latest financial statements, we estimate that Lex Developments Ltd has 1 employee and maintains cash reserves of £50.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 289 | 340 | 399 | 470 | 553 | 548,651 | 766 | 901 | 461,414 | 461,601 | 493,821 | 494,081 | 494,386 | 494,746 | 495,169 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 666,000 | 625,000 | 602,322 | 570,139 | 558,960 | 520,000 | 460,354 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 666,289 | 625,340 | 602,721 | 570,609 | 559,513 | 548,651 | 520,766 | 461,255 | 461,414 | 461,601 | 493,821 | 494,081 | 494,386 | 494,746 | 495,169 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,810 | 159 | 159 | 3,461 | 597 | 3,202 | 3,710 | 1,548 | 2,993 | 2,768 | 3,212 | 2,185 | 2,970 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 50,288 | 54,241 | 44,310 | 26,351 | 12,504 | 11,509 | 8,467 | 3,042 | 6,332 | 6,626 | 2,970 | 857 | 9 | ||
| misc current assets | |||||||||||||||
| total current assets | 50,288 | 60,051 | 44,469 | 26,510 | 15,965 | 12,106 | 11,669 | 6,752 | 7,880 | 9,619 | 2,768 | 3,212 | 2,970 | 3,042 | 2,979 |
| total assets | 716,577 | 685,391 | 647,190 | 597,119 | 575,478 | 560,757 | 532,435 | 468,007 | 469,294 | 471,220 | 496,589 | 497,293 | 497,356 | 497,788 | 498,148 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 78,275 | 79,473 | 78,814 | 78,534 | 86,835 | 85,801 | 87,165 | 84,715 | 85,100 | 85,107 | 96,714 | 95,414 | 88,957 | 84,071 | 86,657 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 78,275 | 79,473 | 78,814 | 78,534 | 86,835 | 85,801 | 87,165 | 84,715 | 85,100 | 85,107 | 96,714 | 95,414 | 88,957 | 84,071 | 86,657 |
| loans | 241,647 | 241,647 | 241,647 | 241,737 | 248,809 | 251,251 | 253,841 | 269,758 | 287,070 | 304,257 | 319,240 | 337,147 | |||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 7,074 | 11,462 | 15,785 | 11,862 | 251,375 | 30,655 | 43,958 | 55,601 | 324,487 | 87,751 | 88,120 | 88,120 | 89,328 | 88,120 | |
| provisions | 39,128 | 31,347 | 27,050 | 20,949 | 18,840 | 11,478 | 180 | 212 | 250 | 294 | 346 | ||||
| total long term liabilities | 287,849 | 284,456 | 284,482 | 274,548 | 270,215 | 270,615 | 290,942 | 295,389 | 309,654 | 324,737 | 357,803 | 375,536 | 392,377 | 408,568 | 425,267 |
| total liabilities | 366,124 | 363,929 | 363,296 | 353,082 | 357,050 | 356,416 | 378,107 | 380,104 | 394,754 | 409,844 | 454,517 | 470,950 | 481,334 | 492,639 | 511,924 |
| net assets | 350,453 | 321,462 | 283,894 | 244,037 | 218,428 | 204,341 | 154,328 | 87,903 | 74,540 | 61,376 | 42,072 | 26,343 | 16,022 | 5,149 | -13,776 |
| total shareholders funds | 350,453 | 321,462 | 283,894 | 244,037 | 218,428 | 204,341 | 154,328 | 87,903 | 74,540 | 61,376 | 42,072 | 26,343 | 16,022 | 5,149 | -13,776 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 51 | 59 | 71 | 83 | 98 | 115 | 135 | 160 | 187 | 220 | 260 | 305 | 360 | 423 | 496 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -5,810 | 5,651 | -3,302 | 2,864 | -2,605 | -508 | 2,162 | -1,445 | 225 | -444 | 3,212 | -2,185 | -785 | 2,970 | |
| Creditors | -1,198 | 659 | 280 | -8,301 | 1,034 | -1,364 | 2,450 | -385 | -7 | -11,607 | 1,300 | 6,457 | 4,886 | -2,586 | 86,657 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | 7,781 | 4,297 | 6,101 | 2,109 | 18,840 | -11,478 | 11,298 | -32 | -38 | -44 | -52 | 346 | |||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 41,000 | 22,678 | 32,183 | 11,179 | 558,960 | -520,000 | 59,646 | 460,354 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -90 | 241,737 | -248,809 | -2,442 | -2,590 | 253,841 | -269,758 | -17,312 | -17,187 | -14,983 | -17,907 | 337,147 | |||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -4,388 | -4,323 | 3,923 | -239,513 | 251,375 | -30,655 | -13,303 | -11,643 | -268,886 | 236,736 | -369 | -1,208 | 1,208 | 88,120 | |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -3,953 | 9,931 | 17,959 | 13,847 | 995 | 3,042 | 5,425 | -3,290 | -294 | 6,626 | -2,970 | 2,113 | 848 | 9 | |
| overdraft | |||||||||||||||
| change in cash | -3,953 | 9,931 | 17,959 | 13,847 | 995 | 3,042 | 5,425 | -3,290 | -294 | 6,626 | -2,970 | 2,113 | 848 | 9 |
lex developments ltd Credit Report and Business Information
Lex Developments Ltd Competitor Analysis
Perform a competitor analysis for lex developments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in L21 area or any other competitors across 12 key performance metrics.
lex developments ltd Ownership
LEX DEVELOPMENTS LTD group structure
Lex Developments Ltd has no subsidiary companies.
Ultimate parent company
LEX DEVELOPMENTS LTD
04927874
lex developments ltd directors
Lex Developments Ltd currently has 3 directors. The longest serving directors include Mr Keith Daley (Oct 2003) and Mr David Binsteed (Oct 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Daley | United Kingdom | 57 years | Oct 2003 | - | Director |
| Mr David Binsteed | England | 62 years | Oct 2003 | - | Director |
| Mr Stephen Daley | United Kingdom | 59 years | Oct 2003 | - | Director |
P&L
October 2023turnover
79.7k
+78%
operating profit
20.2k
0%
gross margin
30.1%
+4.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
350.5k
+0.09%
total assets
716.6k
+0.05%
cash
50.3k
-0.07%
net assets
Total assets minus all liabilities
lex developments ltd company details
company number
04927874
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2003
age
22
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
October 2023
previous names
N/A
accountant
DOUGLAS FAIRLESS PARTNERSHIP
auditor
-
address
33 seaforth road, seaforth, liverpool, merseyside, L21 3TX
Bank
-
Legal Advisor
-
lex developments ltd 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 8 charges/mortgages relating to lex developments ltd. Currently there are 7 open charges and 1 have been satisfied in the past.
lex developments ltd 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 LEX DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
lex developments ltd Companies House Filings - See Documents
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