Axetrading Limited

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axetrading limited Company Information

Live

EstablishedSmallDeclining

Company Number

06721631

Website

www.axetrading.com

Registered Address

capital house, 85 king william street, london, EC4N 7BL

Industry

Computer consultancy activities

Telephone

02033971777

Next Accounts Due

September 2024

Group Structure

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Directors

Mark Rodrigues2 Years

Greville Lucking1 Years

View All

Shareholders

trading technologies international inc. 100%

axetrading limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of AXETRADING LIMITED at £1m based on a Turnover of £1.8m and 0.56x industry multiple (adjusted for size and gross margin).

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Axetrading Limited is a live company located in london, EC4N 7BL with a Companies House number of 06721631. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2008, it's largest shareholder is trading technologies international inc. with a 100% stake. Axetrading Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Axetrading Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £1.8m, make it in line with the average company (£1.9m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (4.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AXETRADING LIMITED group structure

Axetrading Limited has no subsidiary companies.

Ultimate parent company

TRADING TECHNOLOGIES INTERNATIONAL INC

#0034709

1 parent

AXETRADING LIMITED

06721631

AXETRADING LIMITED Shareholders

trading technologies international inc.

100%

Axetrading Limited currently has 3 directors. The longest serving directors include Mr Mark Rodrigues (Mar 2022) and Mr Greville Lucking (Aug 2022).

officer	country	age	start	end	role
Mr Mark Rodrigues	United Kingdom	65 years	Mar 2022	-	Director
Mr Greville Lucking	United Kingdom	52 years	Aug 2022	-	Director
Mr Keith Todd	United Kingdom	70 years	Mar 2023	-	Director

EXPORT

Axetrading Limited's latest turnover from December 2022 is estimated at £1.8 million and the company has net assets of -£1.5 million. According to their latest financial statements, Axetrading Limited has 18 employees and maintains cash reserves of £365.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,777,012	1,667,618	2,018,139	4,210,940	1,638,540	1,667,886	641,063	574,020	501,765	461,749	384,173	125,705	20,666	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	959,207	891,699	1,039,604	2,100,158	787,658	669,644	257,634	232,273	185,124	160,948	131,359	46,590	7,539	0
Gross Profit	817,805	775,919	978,535	2,110,782	850,881	998,242	383,428	341,747	316,641	300,801	252,814	79,116	13,127	0
Admin Expenses	4,427,674	4,000,795	3,050,606	2,049,428	2,210,890	1,136,260	526,717	497,206	404,290	324,360	213,295	82,315	8,579	8,397
Operating Profit	-3,609,869	-3,224,876	-2,072,071	61,354	-1,360,009	-138,018	-143,289	-155,459	-87,649	-23,559	39,519	-3,199	4,548	-8,397
Interest Payable	3,654	2,931	25,988	27,069	0	0	0	0	0	0	0	0	0	0
Interest Receivable	47,274	8,359	2,572	6,663	8,947	1,863	167	179	144	88	35	42	0	0
Pre-Tax Profit	-3,566,249	-3,219,448	-2,095,487	40,948	-1,351,062	-136,155	-143,122	-155,280	-87,505	-23,471	39,554	-3,157	3,311	-8,366
Tax	0	0	0	-7,780	0	0	0	0	0	0	-9,493	0	0	0
Profit After Tax	-3,566,249	-3,219,448	-2,095,487	33,168	-1,351,062	-136,155	-143,122	-155,280	-87,505	-23,471	30,061	-3,157	3,311	-8,366
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,566,249	-3,219,448	-2,095,487	33,168	-1,351,062	-136,155	-143,122	-155,280	-87,505	-23,471	30,061	-3,157	3,311	-8,366
Employee Costs	1,004,104	690,695	442,571	2,207,477	2,271,968	826,396	687,634	573,366	229,256	217,262	164,138	53,728	50,986	0
Number Of Employees	18	13	9	42	39	17	12	10	4	4	3	1	1	0
EBITDA*	-3,466,916	-3,080,088	-1,929,615	168,131	-1,266,026	-66,347	-138,618	-150,766	-83,008	-19,451	43,153	-625	4,548	-8,397

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	221,619	353,797	298,185	557,623	312,383	260,138	55,133	59,804	63,848	66,357	69,969	47,979	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	24,051	16,944
Investments & Other	57	42,594	42,594	42,593	56	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	438,750	492,842	393,593	272,000	0	0	0	0	0	0	0	0	0
Total Fixed Assets	221,676	835,141	833,621	993,809	584,439	260,138	55,133	59,804	63,848	66,357	69,969	47,979	24,051	16,944
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	186,981	402,546	596,271	936,517	44,129	413,731	51,432	40,848	54,121	57,776	51,797	10,830	35	0
Group Debtors	111,837	157,206	233,524	154,614	556	0	0	0	0	0	0	0	0	0
Misc Debtors	1,120,037	752,461	822,926	428,081	78,767	28,699	0	0	0	0	0	0	0	895
Cash	365,906	2,335,455	4,351,973	791,986	984,906	1,400,965	89,819	44,137	27,381	30,076	5,022	8,863	7,965	12,370
misc current assets	0	0	0	0	0	0	0	3,578	0	0	0	0	0	0
total current assets	1,784,761	3,647,668	6,004,694	2,311,198	1,108,358	1,843,395	141,251	88,563	81,502	87,852	56,819	19,693	8,000	13,265
total assets	2,006,437	4,482,809	6,838,315	3,305,007	1,692,797	2,103,533	196,384	148,367	145,350	154,209	126,788	67,672	32,051	30,209
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	9,999	9,999	5,833	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	477,867	3,409	16,335	89,445	52,579	3,985	11,130	11,132	234,377	155,731	104,839	75,784	37,006	3,115
Group/Directors Accounts	0	0	0	0	0	0	0	87,543	0	0	0	0	0	0
other short term finances	0	0	0	802,050	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	41,079	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,030,409	2,410,050	1,526,970	2,175,233	1,457,801	664,563	309,129	205,600	0	0	0	0	0	35,360
total current liabilities	3,518,275	2,423,458	1,549,138	3,107,807	1,510,380	668,548	320,259	304,275	234,377	155,731	104,839	75,784	37,006	38,475
loans	23,141	33,789	44,167	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	30,809	75,141	0	0	0	0	0	0	0	0	0
provisions	5,708	0	0	25,708	23,353	0	0	0	0	0	0	0	0	0
total long term liabilities	28,849	33,789	44,167	56,517	98,494	0	0	0	0	0	0	0	0	0
total liabilities	3,547,124	2,457,247	1,593,305	3,164,324	1,608,874	668,548	320,259	304,275	234,377	155,731	104,839	75,784	37,006	38,475
net assets	-1,540,687	2,025,562	5,245,010	140,683	83,923	1,434,985	-123,875	-155,908	-89,027	-1,522	21,949	-8,112	-4,955	-8,266
total shareholders funds	-1,540,687	2,025,562	5,245,010	140,683	83,923	1,434,985	-123,875	-155,908	-89,027	-1,522	21,949	-8,112	-4,955	-8,266

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-3,609,869	-3,224,876	-2,072,071	61,354	-1,360,009	-138,018	-143,289	-155,459	-87,649	-23,559	39,519	-3,199	4,548	-8,397
Depreciation	142,953	144,788	142,456	106,777	93,983	71,671	4,671	4,693	4,641	4,108	3,634	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	2,574	0	0
Tax	0	0	0	-7,780	0	0	0	0	0	0	-9,493	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-332,108	-394,600	232,758	1,517,353	-46,978	390,998	10,584	-13,273	-3,655	5,979	40,967	10,795	-860	895
Creditors	474,458	-12,926	-73,110	36,866	48,594	-7,145	-2	-223,245	78,646	50,892	29,055	38,778	33,891	3,115
Accruals and Deferred Income	620,359	883,080	-648,263	717,432	793,238	355,434	103,529	205,600	0	0	0	0	-35,360	35,360
Deferred Taxes & Provisions	5,708	0	-25,708	2,355	23,353	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,034,283	-1,815,334	-2,909,454	-600,349	-353,863	-109,056	-45,675	-155,138	-707	25,462	21,748	27,358	3,939	29,183
Investing Activities
capital expenditure	-10,775	-200,400	116,982	-352,017	-146,228	-276,676	0	-649	-2,132	-496	-25,624	-26,502	-7,107	-16,944
Change in Investments	-42,537	0	1	42,537	56	0	0	0	0	0	0	0	0	0
cash flow from investments	31,762	-200,400	116,981	-394,554	-146,284	-276,676	0	-649	-2,132	-496	-25,624	-26,502	-7,107	-16,944
Financing Activities
Bank loans	0	4,166	5,833	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-87,543	87,543	0	0	0	0	0	0
Other Short Term Loans	0	0	-802,050	802,050	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,648	-10,378	44,167	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-41,079	41,079	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-30,809	-44,332	75,141	0	0	0	0	0	0	0	0	0
share issue	0	0	7,199,814	23,592	0	1,695,015	175,155	88,399	0	0	0	0	0	100
interest	43,620	5,428	-23,416	-20,406	8,947	1,863	167	179	144	88	35	42	0	0
cash flow from financing	32,972	-784	6,352,460	801,983	84,088	1,696,878	87,779	176,121	144	88	35	42	0	100
cash and cash equivalents
cash	-1,969,549	-2,016,518	3,559,987	-192,920	-416,059	1,311,146	45,682	16,756	-2,695	25,054	-3,841	898	-4,405	12,370
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,969,549	-2,016,518	3,559,987	-192,920	-416,059	1,311,146	45,682	16,756	-2,695	25,054	-3,841	898	-4,405	12,370

P&L

December 2022

turnover

1.8m

+7%

operating profit

-3.6m

gross margin

46.1%

-1.09%

turnover

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

Balance Sheet

December 2022

net assets

-1.5m

-1.76%

total assets

-0.55%

cash

365.9k

-0.84%

net assets

Total assets minus all liabilities

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company number

06721631

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

October 2008

age

accounts

Small Company

ultimate parent company

TRADING TECHNOLOGIES INTERNATIONAL INC

previous names

axe trading limited (October 2008)

incorporated

address

capital house, 85 king william street, london, EC4N 7BL

last accounts submitted

December 2022

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 axetrading limited. Currently there are 2 open charges and 0 have been satisfied in the past.

axetrading limited Company Information

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axetrading limited Estimated Valuation

axetrading limited Estimated Valuation

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