X2design Limited

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x2design limited Company Information

Live

EstablishedMicroHigh

Company Number

06132170

Next Accounts

Dec 2024

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Directors

Michael Jones

Shareholders

michael edward jones

Group Structure

View All

Contact

Registered Address

181-183 summer road, erdington, birmingham, B23 6DX

Website

x2design limited Estimated Valuation

£18.8k

Pomanda estimates the enterprise value of X2DESIGN LIMITED at £18.8k based on a Turnover of £50.6k and 0.37x industry multiple (adjusted for size and gross margin).

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X2design Limited is a live company located in birmingham, B23 6DX with a Companies House number of 06132170. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in March 2007, it's largest shareholder is michael edward jones with a 100% stake. X2design Limited is a established, micro sized company, Pomanda has estimated its turnover at £50.6k with high growth in recent years.

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Pomanda's financial health check has awarded X2Design Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £50.6k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (5.4%)

EXPORT

X2Design Limited's latest turnover from March 2023 is estimated at £50.6 thousand and the company has net assets of £1.3 thousand. According to their latest financial statements, X2Design Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	50,604	52,713	54,445	23,253	30,722	28,714	34,144	7,285	13,843	11,101	15,751	7,677	8,571	8,500
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	38,295	40,436	41,939	17,168	22,793	21,211	24,857	5,265	10,073	8,057	11,259	5,422	6,061	6,012
Gross Profit	12,309	12,278	12,506	6,085	7,929	7,502	9,287	2,020	3,770	3,044	4,492	2,255	2,511	2,488
Admin Expenses	11,020	14,097	14,961	7,877	9,545	9,888	12,222	6,273	-4,119	9,191	883	1,095	-3,545	-10,284
Operating Profit	1,289	-1,819	-2,455	-1,792	-1,616	-2,386	-2,935	-4,253	7,889	-6,147	3,609	1,160	6,056	12,772
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	11	54	37	28	50	58	54	25
Pre-Tax Profit	1,289	-1,819	-2,455	-1,792	-1,616	-2,386	-2,924	-4,199	7,927	-6,119	3,659	1,218	6,110	12,797
Tax	-245	0	0	0	0	0	0	0	-1,665	0	-878	-317	-1,711	-3,583
Profit After Tax	1,044	-1,819	-2,455	-1,792	-1,616	-2,386	-2,924	-4,199	6,262	-6,119	2,781	901	4,399	9,214
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,044	-1,819	-2,455	-1,792	-1,616	-2,386	-2,924	-4,199	6,262	-6,119	2,781	901	4,399	9,214
Employee Costs	47,206	44,272	42,376	42,109	42,400	41,140	40,969	41,321	41,125	40,315	38,274	37,527	36,476	37,358
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	1,289	-1,819	-2,455	-1,792	-1,616	-2,386	-2,935	-2,503	9,692	-4,749	5,254	1,160	7,480	14,227

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	8,741	7,846	7,980	7,579	8,916	9,628	9,893	9,920	10,220	9,743	9,321	8,516	8,069	5,293
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	8,741	7,846	7,980	7,579	8,916	9,628	9,893	9,920	10,220	9,743	9,321	8,516	8,069	5,293
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	16,525	18,252	19,183	1,572	4,872	4,838	6,851	0	3,220	3,040	4,275	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	9,187	12,248	2,690	8,536	11,460	11,734	9,932
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,525	18,252	19,183	1,572	4,872	4,838	6,851	9,187	15,468	5,730	12,811	11,460	11,734	9,932
total assets	25,266	26,098	27,163	9,151	13,788	14,466	16,744	19,107	25,688	15,473	22,132	19,976	19,803	15,225
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,826	5,677	3,612	1,636	4,271	1,546	2,349	3,784	6,106	2,249	2,873	3,659	4,476	4,800
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	4,826	5,677	3,612	1,636	4,271	1,546	2,349	3,784	6,106	2,249	2,873	3,659	4,476	4,800
loans	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
Accruals and Deferred Income	1,578	1,453	2,011	1,554	1,510	3,162	2,101	0	0	0	0	0	0	0
other liabilities	15,910	17,230	17,958	0	0	0	0	0	0	0	0	0	0	0
provisions	1,661	1,491	1,516	1,440	1,694	1,829	1,979	1,984	2,044	1,948	1,864	1,703	1,614	1,111
total long term liabilities	19,149	20,174	21,485	2,994	3,204	4,991	4,080	1,984	2,044	1,948	1,864	1,703	1,614	1,111
total liabilities	23,975	25,851	25,097	4,630	7,475	6,537	6,429	5,768	8,150	4,197	4,737	5,362	6,090	5,911
net assets	1,291	247	2,066	4,521	6,313	7,929	10,315	13,339	17,538	11,276	17,395	14,614	13,713	9,314
total shareholders funds	1,291	247	2,066	4,521	6,313	7,929	10,315	13,339	17,538	11,276	17,395	14,614	13,713	9,314

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,289	-1,819	-2,455	-1,792	-1,616	-2,386	-2,935	-4,253	7,889	-6,147	3,609	1,160	6,056	12,772
Depreciation	0	0	0	0	0	0	0	1,750	1,803	1,398	1,645	0	1,424	1,455
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-245	0	0	0	0	0	0	0	-1,665	0	-878	-317	-1,711	-3,583
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,727	-931	17,611	-3,300	34	-2,013	6,851	-3,220	180	-1,235	4,275	0	0	0
Creditors	-851	2,065	1,976	-2,635	2,725	-803	-1,435	-2,322	3,857	-624	-786	-817	-324	4,800
Accruals and Deferred Income	125	-558	457	44	-1,652	1,061	2,101	0	0	0	0	0	0	0
Deferred Taxes & Provisions	170	-25	76	-254	-135	-150	-5	-60	96	84	161	89	503	1,111
Cash flow from operations	2,215	594	-17,557	-1,337	-712	-265	-9,125	-1,665	11,800	-4,054	-524	115	5,948	16,555
Investing Activities
capital expenditure	-895	134	-401	1,337	712	265	27	-1,450	-2,280	-1,820	-2,450	-447	-4,200	-6,748
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-895	134	-401	1,337	712	265	27	-1,450	-2,280	-1,820	-2,450	-447	-4,200	-6,748
Financing Activities
Bank loans	0	0	0	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	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-1,320	-728	17,958	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	11	54	37	28	50	58	54	25
cash flow from financing	-1,320	-728	17,958	0	0	0	-89	54	37	28	50	58	54	125
cash and cash equivalents
cash	0	0	0	0	0	0	-9,187	-3,061	9,558	-5,846	-2,924	-274	1,802	9,932
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-9,187	-3,061	9,558	-5,846	-2,924	-274	1,802	9,932

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for x2design limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B23 area or any other competitors across 12 key performance metrics.

X2DESIGN LIMITED group structure

X2Design Limited has no subsidiary companies.

Ultimate parent company

X2DESIGN LIMITED

06132170

X2DESIGN LIMITED Shareholders

michael edward jones

100%

X2Design Limited currently has 1 director, Mr Michael Jones serving since Mar 2007.

officer	country	age	start	end	role
Mr Michael Jones		49 years	Mar 2007	-	Director

P&L

March 2023

turnover

50.6k

-4%

operating profit

1.3k

gross margin

24.4%

+4.43%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

1.3k

+4.23%

total assets

25.3k

-0.03%

cash

net assets

Total assets minus all liabilities

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company number

06132170

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

March 2007

ultimate parent company

None

previous names

N/A

address

181-183 summer road, erdington, birmingham, B23 6DX

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.

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x2design limited Company Information

x2design limited Estimated Valuation

x2design limited Estimated Valuation

x2design limited Estimated Valuation

X2design Limited Overview

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X2DESIGN LIMITED financials

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x2design limited Companies House Filings - See Documents