Logic Distribution Limited

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logic distribution limited Company Information

Live

EstablishedSmallDeclining

Company Number

06826339

Website

www.logicdistribution.co.uk

Registered Address

unit 14,, ryelands industrial estate, wellington, somerset, TA21 9PZ

Industry

Other personal service activities n.e.c.

Telephone

01823660063

Next Accounts Due

December 2024

Group Structure

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Directors

Jolyon Withams15 Years

Shareholders

jolyon richard withams 100%

logic distribution limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of LOGIC DISTRIBUTION LIMITED at £2.2m based on an EBITDA of £494.2k and a 4.36x industry multiple (adjusted for size and gross margin).

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Logic Distribution Limited is a live company located in wellington, TA21 9PZ with a Companies House number of 06826339. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in February 2009, it's largest shareholder is jolyon richard withams with a 100% stake. Logic Distribution Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Logic Distribution Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £1.9m, make it larger than the average company (£805.6k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5.3%)

EXPORT

Logic Distribution Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £1 million. According to their latest financial statements, Logic Distribution Limited has 19 employees and maintains cash reserves of £773.4 thousand 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	1,883,715	2,619,234	2,811,723	2,629,064	2,288,500	1,883,254	1,250,001	796,586	983,727	1,411,436	1,302,065	316,210	134,461	167,876
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,117,849	1,574,081	1,727,794	1,579,387	1,371,029	1,140,707	736,917	465,255	585,150	840,266	747,971	183,610	74,678	94,488
Gross Profit	765,865	1,045,152	1,083,929	1,049,677	917,471	742,548	513,084	331,331	398,577	571,169	554,095	132,600	59,783	73,389
Admin Expenses	411,384	668,369	1,235,052	1,017,087	765,426	644,470	479,844	192,955	336,780	497,981	494,933	104,394	44,564	53,611
Operating Profit	354,481	376,783	-151,123	32,590	152,045	98,078	33,240	138,376	61,797	73,188	59,162	28,206	15,219	19,778
Interest Payable	819	2,227	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	20,727	1,308	168	219	1,589	715	332	711	475	154	54	92	90	51
Pre-Tax Profit	374,389	375,864	-152,480	32,809	153,635	98,793	33,573	139,086	62,272	73,342	59,216	28,297	15,308	19,829
Tax	-71,134	-71,414	0	-6,234	-29,191	-18,771	-6,714	-27,817	-13,077	-16,869	-14,212	-7,357	-4,286	-5,552
Profit After Tax	303,255	304,450	-152,480	26,575	124,444	80,022	26,858	111,269	49,195	56,473	45,004	20,940	11,022	14,277
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	303,255	304,450	-152,480	26,575	124,444	80,022	26,858	111,269	49,195	56,473	45,004	20,940	11,022	14,277
Employee Costs	525,426	477,195	529,895	492,601	442,544	502,603	380,835	250,769	422,575	618,717	569,873	147,694	72,844	73,792
Number Of Employees	19	18	21	20	18	21	16	10	17	25	23	6	3	3
EBITDA*	494,228	448,324	-76,279	109,633	237,680	184,669	93,763	177,269	85,227	91,236	73,939	33,690	21,929	19,863

* 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	558,990	548,046	299,374	308,167	342,542	346,367	242,088	155,568	93,708	72,191	59,107	21,936	26,835	350
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	558,990	548,046	299,374	308,167	342,542	346,367	242,088	155,568	93,708	72,191	59,107	21,936	26,835	350
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	226,383	401,839	404,566	394,011	346,925	252,633	163,855	101,384	95,648	143,608	140,685	33,794	11,768	17,038
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	42,527	68,902	67,665	52,650	21,053	25,254	46,188	4,407	0	0	0	0	0	0
Cash	773,401	201,982	146,841	189,502	248,444	175,417	110,596	155,298	129,004	61,085	354	21,153	15,565	20,296
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,042,311	672,723	619,072	636,163	616,422	453,304	320,639	261,089	224,652	204,693	141,039	54,947	27,333	37,334
total assets	1,601,301	1,220,769	918,446	944,330	958,964	799,671	562,727	416,657	318,360	276,884	200,146	76,883	54,168	37,684
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	15,988	8,333	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	171,737	144,763	177,833	108,286	130,185	129,881	64,162	42,133	121,349	129,068	108,803	30,544	28,769	23,307
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	33,466	35,799	5,799	17,660	28,145	26,919	10,253	2,075	0	0	0	0	0	0
other current liabilities	174,043	74,689	186,153	177,687	177,987	134,972	90,761	64,169	0	0	0	0	0	0
total current liabilities	379,246	271,239	378,118	303,633	336,317	291,772	165,176	108,377	121,349	129,068	108,803	30,544	28,769	23,307
loans	0	0	41,667	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	60,903	94,369	10,168	15,966	25,527	36,005	21,258	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	0	0	0	0	0	0	0	0	0	0	0
provisions	139,748	137,012	74,844	58,552	57,516	56,734	41,155	0	0	0	0	0	0	0
total long term liabilities	200,651	231,381	126,679	74,518	83,043	92,739	62,413	0	0	0	0	0	0	0
total liabilities	579,897	502,620	504,797	378,151	419,360	384,511	227,589	108,377	121,349	129,068	108,803	30,544	28,769	23,307
net assets	1,021,404	718,149	413,649	566,179	539,604	415,160	335,138	308,280	197,011	147,816	91,343	46,339	25,399	14,377
total shareholders funds	1,021,404	718,149	413,649	566,179	539,604	415,160	335,138	308,280	197,011	147,816	91,343	46,339	25,399	14,377

	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	354,481	376,783	-151,123	32,590	152,045	98,078	33,240	138,376	61,797	73,188	59,162	28,206	15,219	19,778
Depreciation	139,747	71,541	74,844	77,043	85,635	86,591	60,523	38,893	23,430	18,048	14,777	5,484	6,710	85
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-71,134	-71,414	0	-6,234	-29,191	-18,771	-6,714	-27,817	-13,077	-16,869	-14,212	-7,357	-4,286	-5,552
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-201,831	-1,490	25,570	78,683	90,091	67,844	104,252	10,143	-47,960	2,923	106,891	22,026	-5,270	17,038
Creditors	26,974	-33,070	69,547	-21,899	304	65,719	22,029	-79,216	-7,719	20,265	78,259	1,775	5,462	23,307
Accruals and Deferred Income	99,354	-111,464	8,466	-300	43,015	44,211	26,592	64,169	0	0	0	0	0	0
Deferred Taxes & Provisions	2,736	62,168	16,292	1,036	782	15,579	41,155	0	0	0	0	0	0	0
Cash flow from operations	753,989	296,034	-7,544	3,553	162,499	223,563	72,573	124,262	112,391	91,709	31,095	6,082	28,375	20,580
Investing Activities
capital expenditure	-150,691	-320,213	-66,051	-42,668	-81,810	-190,870	-147,043	-100,753	-44,947	-31,132	-51,948	-585	-33,195	-435
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-150,691	-320,213	-66,051	-42,668	-81,810	-190,870	-147,043	-100,753	-44,947	-31,132	-51,948	-585	-33,195	-435
Financing Activities
Bank loans	-15,988	7,655	8,333	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	-41,667	41,667	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-35,799	114,201	-17,659	-20,046	-9,252	31,413	29,436	2,075	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	50	-50	0	0	0	0	0	0	0	0	0	0	100
interest	19,908	-919	-1,357	219	1,589	715	332	711	475	154	54	92	90	51
cash flow from financing	-31,879	79,320	30,934	-19,827	-7,663	32,128	29,768	2,786	475	154	54	92	90	151
cash and cash equivalents
cash	571,419	55,141	-42,661	-58,942	73,027	64,821	-44,702	26,294	67,919	60,731	-20,799	5,588	-4,731	20,296
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	571,419	55,141	-42,661	-58,942	73,027	64,821	-44,702	26,294	67,919	60,731	-20,799	5,588	-4,731	20,296

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOGIC DISTRIBUTION LIMITED group structure

Logic Distribution Limited has no subsidiary companies.

Ultimate parent company

LOGIC DISTRIBUTION LIMITED

06826339

LOGIC DISTRIBUTION LIMITED Shareholders

jolyon richard withams

100%

Logic Distribution Limited currently has 1 director, Mr Jolyon Withams serving since Feb 2009.

officer	country	age	start	end	role
Mr Jolyon Withams	United Kingdom	53 years	Feb 2009	-	Director

P&L

March 2023

turnover

1.9m

-28%

operating profit

354.5k

gross margin

40.7%

+1.89%

turnover

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

Balance Sheet

March 2023

net assets

+0.42%

total assets

1.6m

+0.31%

cash

773.4k

+2.83%

net assets

Total assets minus all liabilities

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company number

06826339

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

February 2009

ultimate parent company

None

previous names

N/A

address

unit 14,, ryelands industrial estate, wellington, somerset, TA21 9PZ

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 logic distribution limited.

logic distribution limited Company Information

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logic distribution limited Estimated Valuation

logic distribution limited Estimated Valuation

Logic Distribution Limited Overview

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