Pomanda estimates the enterprise value of NEW LOGIC LTD at £81.7k based on a Turnover of £105.1k and 0.78x industry multiple (adjusted for size and gross margin).
new logic ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NEW LOGIC LTD at £0 based on an EBITDA of £-750 and a 4.63x industry multiple (adjusted for size and gross margin).
new logic ltdEstimated Valuation
£32.2k
Pomanda estimates the enterprise value of NEW LOGIC LTD at £32.2k based on Net Assets of £13.6k and 2.36x industry multiple (adjusted for liquidity).
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New Logic LtdOverview
New Logic Ltd is a live company located in brighton, BN1 3LB with a Companies House number of 06528629. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2008, it's largest shareholder is
jon heffernan
with a 50% stake. New Logic Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£105.1k with
declining
growth in recent years.
Pomanda's financial health check has awarded New Logic Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
6 Weak
Size
annual sales of £105.1k, make it smaller than the average company (£3.9m)
£105.1k - New Logic Ltd
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (10.5%)
-13% - New Logic Ltd
10.5% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - New Logic Ltd
72% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (3.9%)
-0.7% - New Logic Ltd
3.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (35)
2 - New Logic Ltd
35 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
£67.9k - New Logic Ltd
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £52.6k, this is less efficient (£120.3k)
£52.6k - New Logic Ltd
£120.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (59 days)
0 days - New Logic Ltd
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - New Logic Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - New Logic Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - New Logic Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.8%, this is a higher level of debt than the average (59.8%)
67.8% - New Logic Ltd
59.8% - Industry AVG
NEW LOGIC LTD financials
EXPORT
New Logic Ltd's latest turnover from March 2024 is estimated at £105.1 thousand and the company has net assets of £13.6 thousand. According to their latest financial statements, New Logic Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
105,136
220,026
104,229
161,925
206,210
217,205
213,869
102,100
21,767
13,006
6,863
14,638
53,270
21,808
87,034
Other Income Or Grants
Cost Of Sales
29,436
63,308
28,292
44,795
53,578
55,721
57,569
27,095
5,530
3,123
1,678
3,463
12,275
4,667
23,229
Gross Profit
75,700
156,718
75,938
117,130
152,632
161,484
156,300
75,005
16,237
9,883
5,184
11,174
40,995
17,141
63,805
Admin Expenses
76,450
150,599
61,865
125,975
140,934
161,275
156,256
74,996
16,289
10,330
5,161
11,029
41,001
16,833
63,732
Operating Profit
-750
6,119
14,073
-8,845
11,698
209
44
9
-52
-447
23
145
-6
308
73
Interest Payable
1,275
768
408
345
328
286
Interest Receivable
45
31
3
8
10
5
8
14
36
53
60
45
11
Pre-Tax Profit
-2,025
5,396
13,696
-9,186
11,370
-68
53
14
-44
-433
60
197
54
353
85
Tax
-1,025
-2,602
-2,160
-10
-3
-14
-47
-14
-99
-24
Profit After Tax
-2,025
4,371
11,094
-9,186
9,210
-68
43
11
-44
-433
46
150
40
254
61
Dividends Paid
Retained Profit
-2,025
4,371
11,094
-9,186
9,210
-68
43
11
-44
-433
46
150
40
254
61
Employee Costs
135,830
131,218
60,876
112,855
114,365
120,812
118,047
56,963
53,986
53,518
53,880
52,259
52,135
50,370
48,995
Number Of Employees
2
2
1
2
2
2
2
1
1
1
1
1
1
1
1
EBITDA*
-750
6,119
14,073
-8,845
11,698
209
44
9
-52
-447
23
145
-6
308
73
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
Intangible Assets
Investments & Other
357
Debtors (Due After 1 year)
Total Fixed Assets
357
Stock & work in progress
Trade Debtors
252
3,600
2,348
1,056
9,139
3,531
14,652
Group Debtors
Misc Debtors
42,137
47,330
28,880
13,880
18,175
26,598
4,122
4,327
1,747
Cash
2,135
6,243
251
2,006
1,827
1,814
1,567
4,176
10,347
10,751
13,343
4,517
misc current assets
1
1
1
1
total current assets
42,390
47,331
31,016
20,123
18,175
26,849
6,128
6,155
7,161
3,915
5,232
10,347
19,890
16,874
19,169
total assets
42,390
47,331
31,016
20,123
18,175
26,849
6,128
6,155
7,161
3,915
5,232
10,347
19,890
16,874
19,526
Bank overdraft
9,349
9,609
2,296
8,461
Bank loan
Trade Creditors
1
3,677
4,561
9,722
19,415
16,439
19,345
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
17,960
19,784
16,616
10,918
6,489
18,208
5,880
5,950
6,967
total current liabilities
27,309
29,393
16,616
10,919
8,785
26,669
5,880
5,950
6,967
3,677
4,561
9,722
19,415
16,439
19,345
loans
1,437
2,269
3,102
9,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
1,437
2,269
3,102
9,000
total liabilities
28,746
31,662
19,718
19,919
8,785
26,669
5,880
5,950
6,967
3,677
4,561
9,722
19,415
16,439
19,345
net assets
13,644
15,669
11,298
204
9,390
180
248
205
194
238
671
625
475
435
181
total shareholders funds
13,644
15,669
11,298
204
9,390
180
248
205
194
238
671
625
475
435
181
Mar 2024
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
-750
6,119
14,073
-8,845
11,698
209
44
9
-52
-447
23
145
-6
308
73
Depreciation
Amortisation
Tax
-1,025
-2,602
-2,160
-10
-3
-14
-47
-14
-99
-24
Stock
Debtors
-4,941
18,450
15,000
-4,295
-8,423
22,476
-205
-1,020
2,999
1,292
1,056
-9,139
5,608
-11,121
14,652
Creditors
-1
1
-3,677
-884
-5,161
-9,693
2,976
-2,906
19,345
Accruals and Deferred Income
-1,824
3,168
5,698
4,429
-11,719
12,328
-70
-1,017
6,967
Deferred Taxes & Provisions
Cash flow from operations
2,367
-10,188
2,168
-120
6,242
-9,939
169
9
239
-2,623
-6,208
-456
-2,652
8,424
4,742
Investing Activities
capital expenditure
Change in Investments
-357
357
cash flow from investments
357
-357
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-832
-833
-5,898
9,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
120
interest
-1,275
-723
-377
-342
-328
-278
10
5
8
14
36
53
60
45
11
cash flow from financing
-2,107
-1,556
-6,275
8,658
-328
-278
10
5
8
14
36
53
60
45
131
cash and cash equivalents
cash
-2,135
-4,108
6,243
-251
-1,755
179
13
247
-2,609
-6,171
-404
-2,592
8,826
4,517
overdraft
-260
9,609
-2,296
-6,165
8,461
change in cash
260
-11,744
-4,108
8,539
5,914
-10,216
179
13
247
-2,609
-6,171
-404
-2,592
8,826
4,517
new logic ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for new logic ltd. Get real-time insights into new logic ltd's credit score, group structure and payment trends.
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new logic ltd Ownership
NEW LOGIC LTD group structure
New Logic Ltd has no subsidiary companies.
Ultimate parent company
NEW LOGIC LTD
06528629
NEW LOGIC LTD Shareholders
The largest shareholders in New Logic Ltd include Jon Heffernan and Lucinda Heffernan.
jon heffernan
50%
lucinda heffernan
50%
new logic ltd directors
New Logic Ltd currently has 2 directors.
The longest serving directors include
Mr Jon Heffernan (Mar 2008) and
Mrs Lucinda Heffernan (Mar 2008).
62012 - Business and domestic software development
incorporation date
March 2008
age
17
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
nulojic ltd (September 2021)
accountant
ASM CHARTERED ACCOUNTANTS
auditor
-
address
38 north gardens, brighton, BN1 3LB
Bank
-
Legal Advisor
-
new logic 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 did not find charges/mortgages relating to new logic ltd.
new logic 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.
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new logic ltdCompanies House Filings - See Documents
