lnx distribution limited
lnx distribution limited Company Information
Company Number
05044684
Website
elonex.comRegistered Address
griffins tavistock house south, tavistock square, london, WC1H 9LG
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
darren smith 75%
kirsten smith 25%
lnx distribution limited Estimated Valuation
Pomanda estimates the enterprise value of LNX DISTRIBUTION LIMITED at £2.2m based on a Turnover of £3.8m and 0.58x industry multiple (adjusted for size and gross margin).
lnx distribution limited Estimated Valuation
Pomanda estimates the enterprise value of LNX DISTRIBUTION LIMITED at £1.1m based on an EBITDA of £239.6k and a 4.45x industry multiple (adjusted for size and gross margin).
lnx distribution limited Estimated Valuation
Pomanda estimates the enterprise value of LNX DISTRIBUTION LIMITED at £484.5k based on Net Assets of £218.8k and 2.21x industry multiple (adjusted for liquidity).
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Lnx Distribution Limited Overview
Lnx Distribution Limited is a dissolved company that was located in london, WC1H 9LG with a Companies House number of 05044684. It operated in the other information technology service activities sector, SIC Code 62090. Founded in February 2004, it's largest shareholder was darren smith with a 75% stake. The last turnover for Lnx Distribution Limited was estimated at £3.8m.
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Lnx Distribution Limited Health Check
Pomanda's financial health check has awarded Lnx Distribution Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £3.8m, make it larger than the average company (£3.1m)
- Lnx Distribution Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.6%)
- Lnx Distribution Limited
7.6% - Industry AVG
Production
with a gross margin of 28.4%, this company has a higher cost of product (53%)
- Lnx Distribution Limited
53% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (6.2%)
- Lnx Distribution Limited
6.2% - Industry AVG
Employees
with 14 employees, this is below the industry average (56)
- Lnx Distribution Limited
56 - Industry AVG
Pay Structure
on an average salary of £53.4k, the company has an equivalent pay structure (£53.4k)
- Lnx Distribution Limited
£53.4k - Industry AVG
Efficiency
resulting in sales per employee of £273.7k, this is more efficient (£152.6k)
- Lnx Distribution Limited
£152.6k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (56 days)
- Lnx Distribution Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 170 days, this is slower than average (39 days)
- Lnx Distribution Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (15 days)
- Lnx Distribution Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Lnx Distribution Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.4%, this is a higher level of debt than the average (69.1%)
85.4% - Lnx Distribution Limited
69.1% - Industry AVG
lnx distribution limited Credit Report and Business Information
Lnx Distribution Limited Competitor Analysis
Perform a competitor analysis for lnx distribution limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lnx distribution limited Ownership
LNX DISTRIBUTION LIMITED group structure
Lnx Distribution Limited has no subsidiary companies.
Ultimate parent company
LNX DISTRIBUTION LIMITED
05044684
lnx distribution limited directors
Lnx Distribution Limited currently has 3 directors. The longest serving directors include Mr Darren Smith (Nov 2004) and Ms Kirsten Smith (Nov 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Smith | 49 years | Nov 2004 | - | Director | |
| Ms Kirsten Smith | United Kingdom | 51 years | Nov 2004 | - | Director |
| Mr Stuart Smith | 78 years | Sep 2007 | - | Director |
LNX DISTRIBUTION LIMITED financials
Lnx Distribution Limited's latest turnover from December 2013 is estimated at £3.8 million and the company has net assets of £218.8 thousand. According to their latest financial statements, we estimate that Lnx Distribution Limited has 14 employees and maintains cash reserves of £126.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Oct 2009 | |
|---|---|---|---|---|---|
| Turnover | 1,021,747 | 7,010,500 | 9,085,260 | 9,035,837 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,248,871 | 6,139,451 | 7,055,255 | 7,378,755 | |
| Gross Profit | -227,124 | 871,049 | 2,030,005 | 1,657,082 | |
| Admin Expenses | 662,279 | 956,659 | 1,525,961 | 1,185,501 | |
| Operating Profit | -889,403 | -85,610 | 504,044 | 471,581 | |
| Interest Payable | 0 | 7,411 | 122 | 0 | |
| Interest Receivable | 0 | 0 | 155 | 361 | |
| Pre-Tax Profit | -889,403 | -117,096 | 529,077 | 471,942 | |
| Tax | 2,540 | 134,699 | -150,058 | -48,821 | |
| Profit After Tax | -886,863 | 17,603 | 379,019 | 423,121 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | -886,863 | 17,603 | 379,019 | 423,121 | |
| Employee Costs | 263,533 | 272,504 | 323,843 | ||
| Number Of Employees | 13 | 14 | |||
| EBITDA* | -666,137 | 303,312 | 823,872 | 639,194 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Oct 2009 | |
|---|---|---|---|---|---|
| Tangible Assets | 199,059 | 207,181 | 215,710 | 25,961 | 128,491 |
| Intangible Assets | 64,538 | 70,774 | 280,024 | 457,368 | 332,895 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 263,597 | 277,955 | 495,734 | 483,329 | 461,386 |
| Stock & work in progress | 21,177 | 469,069 | 902,544 | 706,872 | 510,924 |
| Trade Debtors | 1,088,686 | 198,599 | 1,287,257 | 1,856,512 | 1,756,991 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 489,260 | 156,709 | 118,463 |
| Cash | 126,201 | 273,040 | 249,152 | 423,144 | 207,242 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,236,064 | 940,708 | 2,928,213 | 3,143,237 | 2,593,620 |
| total assets | 1,499,661 | 1,218,663 | 3,423,947 | 3,626,566 | 3,055,006 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,280,842 | 1,031,550 | 1,964,905 | 1,674,022 | 1,401,581 |
| Group/Directors Accounts | 0 | 0 | 90,422 | 1,955 | 41,900 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 294,644 | 924,216 | 934,171 |
| total current liabilities | 1,280,842 | 1,031,550 | 2,349,971 | 2,600,193 | 2,377,652 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 70,000 | 70,000 | 40,000 | 70,000 |
| total long term liabilities | 0 | 70,000 | 70,000 | 40,000 | 70,000 |
| total liabilities | 1,280,842 | 1,101,550 | 2,419,971 | 2,640,193 | 2,447,652 |
| net assets | 218,819 | 117,113 | 1,003,976 | 986,373 | 607,354 |
| total shareholders funds | 218,819 | 117,113 | 1,003,976 | 986,373 | 607,354 |
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Oct 2009 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -889,403 | -85,610 | 504,044 | 471,581 | |
| Depreciation | 8,123 | 8,777 | 9,732 | 7,920 | 1,165 |
| Amortisation | 100,424 | 214,489 | 379,190 | 311,908 | 166,448 |
| Tax | 2,540 | 134,699 | -150,058 | -48,821 | |
| Stock | -447,892 | -433,475 | 195,672 | 195,948 | 510,924 |
| Debtors | 890,087 | -1,577,918 | -236,704 | 137,767 | 1,875,454 |
| Creditors | 249,292 | -933,355 | 290,883 | 272,441 | 1,401,581 |
| Accruals and Deferred Income | 0 | -294,644 | -629,572 | -9,955 | 934,171 |
| Deferred Taxes & Provisions | -70,000 | 0 | 30,000 | -30,000 | 70,000 |
| Cash flow from operations | 119,797 | 170,354 | 572,585 | 609,747 | |
| Investing Activities | |||||
| capital expenditure | -5,487 | -425,402 | -316,771 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -5,487 | -425,402 | -316,771 | ||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -90,422 | 88,467 | -39,945 | 41,900 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | -7,411 | 33 | 361 | |
| cash flow from financing | -90,422 | 81,056 | -39,912 | 226,494 | |
| cash and cash equivalents | |||||
| cash | -146,839 | 23,888 | -173,992 | 215,902 | 207,242 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -146,839 | 23,888 | -173,992 | 215,902 | 207,242 |
P&L
December 2013turnover
3.8m
+275%
operating profit
131.1k
0%
gross margin
28.5%
-227.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2013net assets
218.8k
+0.87%
total assets
1.5m
+0.23%
cash
126.2k
-0.54%
net assets
Total assets minus all liabilities
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lnx distribution limited company details
company number
05044684
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
February 2004
age
20
accounts
Total Exemption Small
ultimate parent company
previous names
elonex international limited (October 2008)
birlingham crest limited (November 2007)
incorporated
UK
address
griffins tavistock house south, tavistock square, london, WC1H 9LG
last accounts submitted
December 2013
lnx distribution 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 lnx distribution limited. Currently there are 1 open charges and 1 have been satisfied in the past.
lnx distribution limited Companies House Filings - See Documents
| date | description | view/download |
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