Pomanda estimates the enterprise value of X - MET LTD at £621k based on a Turnover of £1m and 0.6x industry multiple (adjusted for size and gross margin).
x - met ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of X - MET LTD at £0 based on an EBITDA of £-99k and a 4.1x industry multiple (adjusted for size and gross margin).
x - met ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of X - MET LTD at £0 based on Net Assets of £-836.9k and 2.24x industry multiple (adjusted for liquidity).
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X - Met LtdOverview
X - Met Ltd is a live company located in newton abbot, TQ12 3BP with a Companies House number of 06562981. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in April 2008, it's largest shareholder is
karen wordsworth
with a 80% stake. X - Met Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£1m with
declining
growth in recent years.
Pomanda's financial health check has awarded X - Met Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £1m, make it smaller than the average company (£1.9m)
£1m - X - Met Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (9.8%)
-17% - X - Met Ltd
9.8% - Industry AVG
Production
with a gross margin of 47.3%, this company has a comparable cost of product (47.3%)
47.3% - X - Met Ltd
47.3% - Industry AVG
Profitability
an operating margin of -34.9% make it less profitable than the average company (5.5%)
-34.9% - X - Met Ltd
5.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (17)
3 - X - Met Ltd
17 - Industry AVG
Pay Structure
on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)
£50.8k - X - Met Ltd
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £345.6k, this is more efficient (£118.5k)
£345.6k - X - Met Ltd
£118.5k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (54 days)
20 days - X - Met Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 407 days, this is slower than average (32 days)
407 days - X - Met Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - X - Met Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (26 weeks)
0 weeks - X - Met Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 261.5%, this is a higher level of debt than the average (52.9%)
261.5% - X - Met Ltd
52.9% - Industry AVG
X - MET LTD financials
EXPORT
X - Met Ltd's latest turnover from April 2024 is estimated at £1 million and the company has net assets of -£836.9 thousand. According to their latest financial statements, X - Met Ltd has 3 employees and maintains cash reserves of £246 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
Apr 2011
Apr 2010
Turnover
1,036,751
365,881
373,091
1,813,822
148,980
1,842,401
526,724
1,031,689
149,159
6,770
6,886
6,814
5,123
7,054
6,123
Other Income Or Grants
Cost Of Sales
546,666
201,787
211,041
1,021,608
82,229
996,317
285,416
523,290
73,779
3,383
3,505
3,369
2,516
3,467
2,938
Gross Profit
490,084
164,094
162,051
792,213
66,750
846,084
241,308
508,399
75,380
3,387
3,381
3,445
2,607
3,586
3,186
Admin Expenses
851,516
708,316
1,061,207
-275,196
-23,474
813,505
192,410
524,077
52,949
3,388
3,645
3,447
3,264
5,234
390
Operating Profit
-361,432
-544,222
-899,156
1,067,409
90,224
32,579
48,898
-15,678
22,431
-1
-264
-2
-657
-1,648
2,796
Interest Payable
9,791
14,553
13,145
6,710
Interest Receivable
44
1,562
2,456
366
75
7
14
1
1
2
3
6
4
Pre-Tax Profit
-371,180
-557,213
-909,845
1,061,065
90,299
32,579
48,898
-15,671
22,445
-263
-654
-1,642
2,800
Tax
-201,602
-17,157
-6,190
-9,291
-4,489
-784
Profit After Tax
-371,180
-557,213
-909,845
859,463
73,142
26,389
39,607
-15,671
17,956
-263
-654
-1,642
2,016
Dividends Paid
Retained Profit
-371,180
-557,213
-909,845
859,463
73,142
26,389
39,607
-15,671
17,956
-263
-654
-1,642
2,016
Employee Costs
152,462
146,438
138,459
88,053
86,285
89,169
86,618
84,513
85,574
42,907
41,816
39,917
39,378
38,584
37,386
Number Of Employees
3
3
3
2
2
2
2
2
2
1
1
1
1
1
1
EBITDA*
-98,976
-287,585
-641,699
1,235,401
90,224
32,579
48,898
-15,678
22,962
-1
-264
-2
-358
-1,190
3,254
* 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
Apr 2011
Apr 2010
Tangible Assets
460,875
355,590
609,513
495,976
471,751
13,554
18,454
13,416
531
531
531
531
830
1,288
Intangible Assets
Investments & Other
1,000
1,000
Debtors (Due After 1 year)
Total Fixed Assets
460,875
355,590
609,513
495,976
471,751
13,554
19,454
13,416
531
531
531
1,531
830
1,288
Stock & work in progress
Trade Debtors
56,962
51,112
53,049
511,123
437,958
117,883
226,196
25,760
1,000
1,000
1,000
1,000
1,000
Group Debtors
Misc Debtors
Cash
246
1,414
72,072
582,932
149,226
5,600
135
135
335
335
890
1,472
misc current assets
2,067
84,010
114,900
11,380
total current assets
57,208
54,593
209,131
1,208,955
160,606
437,958
117,883
226,196
31,360
1,135
1,135
1,335
335
1,890
2,472
total assets
518,083
410,183
818,644
1,704,931
632,357
451,512
137,337
239,612
31,360
1,666
1,666
1,866
1,866
2,720
3,760
Bank overdraft
55,000
55,000
54,898
220,000
Bank loan
Trade Creditors
610,676
83,864
92,798
108,798
4,921
382,774
94,988
237,870
12,947
1,209
1,209
1,146
1,146
1,346
744
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
680,139
669,391
453,359
374,790
485,556
total current liabilities
1,345,815
808,255
601,055
703,588
490,477
382,774
94,988
237,870
12,947
1,209
1,209
1,146
1,146
1,346
744
loans
4,583
59,481
114,583
hp & lease commitments
Accruals and Deferred Income
1,000
1,000
other liabilities
4,580
8,162
11,508
provisions
total long term liabilities
9,163
67,643
126,091
1,000
1,000
total liabilities
1,354,978
875,898
727,146
703,588
490,477
383,774
95,988
237,870
12,947
1,209
1,209
1,146
1,146
1,346
744
net assets
-836,895
-465,715
91,498
1,001,343
141,880
67,738
41,349
1,742
18,413
457
457
720
720
1,374
3,016
total shareholders funds
-836,895
-465,715
91,498
1,001,343
141,880
67,738
41,349
1,742
18,413
457
457
720
720
1,374
3,016
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
Apr 2011
Apr 2010
Operating Activities
Operating Profit
-361,432
-544,222
-899,156
1,067,409
90,224
32,579
48,898
-15,678
22,431
-1
-264
-2
-657
-1,648
2,796
Depreciation
262,456
256,637
257,457
167,992
531
299
458
458
Amortisation
Tax
-201,602
-17,157
-6,190
-9,291
-4,489
-784
Stock
Debtors
5,850
-1,937
-458,074
511,123
-437,958
320,075
-108,313
200,436
24,760
1,000
-1,000
1,000
Creditors
526,812
-8,934
-16,000
103,877
-377,853
287,786
-142,882
224,923
11,738
63
-200
602
744
Accruals and Deferred Income
10,748
216,032
78,569
-110,766
484,556
1,000
Deferred Taxes & Provisions
Cash flow from operations
432,734
-78,550
-121,056
515,787
617,728
-5,900
6,038
8,809
5,451
-1
-201
-1,002
442
-588
2,214
Investing Activities
capital expenditure
-367,741
-2,714
-370,994
-192,217
-458,197
4,900
-5,038
-13,416
-1,746
Change in Investments
-1,000
1,000
-1,000
1,000
cash flow from investments
-367,741
-2,714
-370,994
-192,217
-458,197
5,900
-6,038
-13,416
1,000
-1,000
-1,746
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-54,898
-55,102
114,583
Hire Purchase and Lease Commitments
other long term liabilities
-3,582
-3,346
11,508
share issue
1,000
-1,000
1,000
interest
-9,747
-12,991
-10,689
-6,344
75
7
14
1
1
2
3
6
4
cash flow from financing
-68,227
-71,439
115,402
-6,344
1,075
-993
14
1
1
2
3
6
1,004
cash and cash equivalents
cash
-1,168
-70,658
-510,860
433,706
149,226
-5,600
5,465
-200
-555
-582
1,472
overdraft
102
-165,102
220,000
change in cash
-1,168
-70,760
-345,758
213,706
149,226
-5,600
5,465
-200
-555
-582
1,472
x - met 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 x - met ltd. Get real-time insights into x - met ltd's credit score, group structure and payment trends.
Perform a competitor analysis for x - met ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in TQ12 area or any other competitors across 12 key performance metrics.
x - met ltd Ownership
X - MET LTD group structure
X - Met Ltd has no subsidiary companies.
Ultimate parent company
X - MET LTD
06562981
X - MET LTD Shareholders
The largest shareholders in X - Met Ltd include Karen Wordsworth and Stuart John Wordsworth.
karen wordsworth
80%
stuart john wordsworth
20%
x - met ltd directors
X - Met Ltd currently has 2 directors.
The longest serving directors include
Mr Stuart Wordsworth (Feb 2013) and
Mrs Karen Wordsworth (Apr 2016).
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
April 2008
age
17
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
LEE ACCOUNTING (SW) LIMITED
auditor
-
address
19b golvers hill road, kingsteington, newton abbot, devon, TQ12 3BP
Bank
-
Legal Advisor
-
x - met 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 1 charges/mortgages relating to x - met ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
x - met 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 X - MET LTD. This can take several minutes, an email will notify you when this has completed.
x - met ltdCompanies House Filings - See Documents
