ixion holdings (contracts) limited
ixion holdings (contracts) limited Company Information
Company Number
06886337
Website
www.ixionholdings.comRegistered Address
black country house, rounds green road, oldbury, B69 2DG
Industry
Other business support service activities n.e.c.
Telephone
08452001057
Next Accounts Due
16 days late
Group Structure
View All
Shareholders
the shaw trust limited 100%
ixion holdings (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of IXION HOLDINGS (CONTRACTS) LIMITED at £6.3m based on a Turnover of £13.7m and 0.46x industry multiple (adjusted for size and gross margin).
ixion holdings (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of IXION HOLDINGS (CONTRACTS) LIMITED at £0 based on an EBITDA of £-920.5k and a 3.57x industry multiple (adjusted for size and gross margin).
ixion holdings (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of IXION HOLDINGS (CONTRACTS) LIMITED at £2m based on Net Assets of £861.4k and 2.27x industry multiple (adjusted for liquidity).
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Ixion Holdings (contracts) Limited Overview
Ixion Holdings (contracts) Limited is a live company located in oldbury, B69 2DG with a Companies House number of 06886337. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2009, it's largest shareholder is the shaw trust limited with a 100% stake. Ixion Holdings (contracts) Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.7m with declining growth in recent years.
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Ixion Holdings (contracts) Limited Health Check
Pomanda's financial health check has awarded Ixion Holdings (Contracts) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £13.7m, make it larger than the average company (£2.8m)
£13.7m - Ixion Holdings (contracts) Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.2%)
-14% - Ixion Holdings (contracts) Limited
2.2% - Industry AVG
Production
with a gross margin of 10.4%, this company has a higher cost of product (38.6%)
10.4% - Ixion Holdings (contracts) Limited
38.6% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (6.5%)
-7% - Ixion Holdings (contracts) Limited
6.5% - Industry AVG
Employees
with 193 employees, this is above the industry average (21)
193 - Ixion Holdings (contracts) Limited
21 - Industry AVG
Pay Structure
on an average salary of £40.8k, the company has an equivalent pay structure (£44.7k)
£40.8k - Ixion Holdings (contracts) Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £71.2k, this is less efficient (£134.7k)
£71.2k - Ixion Holdings (contracts) Limited
£134.7k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (43 days)
21 days - Ixion Holdings (contracts) Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (35 days)
10 days - Ixion Holdings (contracts) Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ixion Holdings (contracts) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (27 weeks)
43 weeks - Ixion Holdings (contracts) Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.1%, this is a higher level of debt than the average (62.9%)
89.1% - Ixion Holdings (contracts) Limited
62.9% - Industry AVG
IXION HOLDINGS (CONTRACTS) LIMITED financials
Ixion Holdings (Contracts) Limited's latest turnover from August 2022 is £13.7 million and the company has net assets of £861.4 thousand. According to their latest financial statements, Ixion Holdings (Contracts) Limited has 193 employees and maintains cash reserves of £5.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,732,545 | 11,611,007 | 14,287,520 | 21,489,258 | 27,632,268 | 19,686,916 | 16,673,198 | 16,069,290 | 11,262,222 | 6,138,519 | 4,610,431 | 270,706 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 12,303,120 | 10,282,814 | 6,118,829 | 8,969,386 | 14,980,491 | 16,762,264 | 13,737,347 | 13,251,596 | 9,164,269 | 5,192,953 | 3,525,831 | 259,448 | |
| Gross Profit | 1,429,425 | 1,328,193 | 8,168,691 | 12,519,872 | 12,651,777 | 2,924,652 | 2,935,851 | 2,817,694 | 2,097,953 | 945,566 | 1,084,600 | 11,258 | |
| Admin Expenses | 2,561,893 | 2,662,799 | 2,807,482 | 1,706,859 | 707,846 | ||||||||
| Operating Profit | 362,759 | 273,052 | 10,212 | 391,094 | 237,720 | ||||||||
| Interest Payable | 0 | 0 | 415 | 2,207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -857,886 | -950,449 | -482,665 | 1,187,157 | 1,446,341 | 362,759 | 273,052 | 10,212 | -15,205 | 237,720 | -8,417 | 4,386 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | -857,886 | -950,449 | -482,665 | 1,187,157 | 1,446,341 | 362,759 | 273,052 | 10,212 | -15,205 | 237,720 | -8,417 | 4,386 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -857,886 | -950,449 | -482,665 | 1,187,157 | 1,446,341 | 362,759 | 273,052 | 10,212 | -15,205 | 237,720 | -8,417 | 4,386 | |
| Employee Costs | 7,877,605 | 6,185,808 | 7,795,473 | 8,425,379 | 7,980,105 | 6,253,042 | 6,201,857 | 5,655,235 | 2,801,803 | 723,891 | |||
| Number Of Employees | 193 | 205 | 211 | 237 | 223 | 184 | 193 | 178 | 151 | 55 | |||
| EBITDA* | 532,976 | 498,345 | 194,311 | 450,705 | 237,720 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,704 | 48,086 | 93,951 | 145,749 | 125,581 | 111,226 | 222,011 | 386,221 | 367,134 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 2,500 | 2,552 | 2,552 | 2,502 | 2,502 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,704 | 48,086 | 93,951 | 145,749 | 128,081 | 113,778 | 224,563 | 388,723 | 369,636 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 790,151 | 959,695 | 1,094,604 | 1,229,976 | 1,366,788 | 1,017,532 | 930,219 | 1,074,965 | 613,410 | 366,311 | 132,509 | 280,788 | 0 |
| Group Debtors | 22,600 | 0 | 0 | 424,270 | 79,862 | 452,561 | 102,590 | 122,306 | 85,033 | 0 | 14,400 | 0 | 0 |
| Misc Debtors | 1,271,715 | 1,637,111 | 1,941,970 | 2,918,841 | 1,739,645 | 4,163,027 | 3,223,802 | 3,169,282 | 2,124,300 | 944,673 | 408,415 | 7,020 | 0 |
| Cash | 5,773,695 | 5,545,081 | 6,198,959 | 2,923,569 | 5,062,680 | 996,916 | 803,733 | 199,204 | 310,986 | 156,635 | 122,030 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,858,161 | 8,141,887 | 9,235,533 | 7,496,656 | 8,248,975 | 6,630,036 | 5,060,344 | 4,565,757 | 3,133,729 | 1,467,619 | 677,354 | 287,808 | 0 |
| total assets | 7,876,865 | 8,189,973 | 9,329,484 | 7,642,405 | 8,377,056 | 6,743,814 | 5,284,907 | 4,954,480 | 3,503,365 | 1,467,619 | 677,354 | 287,808 | 0 |
| Bank overdraft | 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 |
| Trade Creditors | 358,469 | 495,865 | 239,144 | 599,619 | 1,367,767 | 798,172 | 1,071,858 | 887,782 | 400,017 | 127,390 | 32,893 | 0 | 0 |
| Group/Directors Accounts | 0 | 631,426 | 1,394,178 | 676,905 | 623,707 | 623,708 | 986,348 | 1,168,853 | 810,011 | 619,594 | 380,058 | 276,728 | 0 |
| other short term finances | 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 |
| other current liabilities | 6,573,118 | 7,303,627 | 7,026,396 | 4,138,077 | 3,544,935 | 3,557,327 | 1,924,853 | 1,869,049 | 1,274,753 | 486,846 | 268,334 | 6,594 | 0 |
| total current liabilities | 6,931,587 | 8,430,918 | 8,659,718 | 5,414,601 | 5,536,409 | 4,979,207 | 3,983,059 | 3,925,684 | 2,484,781 | 1,233,830 | 681,285 | 283,322 | 0 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 83,847 | 39,738 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 83,847 | 39,738 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 7,015,434 | 8,470,656 | 8,659,718 | 5,414,601 | 5,536,409 | 5,079,207 | 3,983,059 | 3,925,684 | 2,484,781 | 1,233,830 | 681,285 | 283,322 | 0 |
| net assets | 861,431 | -280,683 | 669,766 | 2,227,804 | 2,840,647 | 1,664,607 | 1,301,848 | 1,028,796 | 1,018,584 | 233,789 | -3,931 | 4,486 | 0 |
| total shareholders funds | 861,431 | -280,683 | 669,766 | 2,227,804 | 2,840,647 | 1,664,607 | 1,301,848 | 1,028,796 | 1,018,584 | 233,789 | -3,931 | 4,486 | 0 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 362,759 | 273,052 | 10,212 | 391,094 | 237,720 | ||||||||
| Depreciation | 36,381 | 45,865 | 56,027 | 61,785 | 17,416 | 170,217 | 225,293 | 184,099 | 59,611 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -512,340 | -439,768 | -1,536,513 | 1,386,792 | -2,446,825 | 1,376,509 | -109,942 | 1,543,810 | 1,511,759 | 755,660 | 267,516 | 287,808 | 0 |
| Creditors | -137,396 | 256,721 | -360,475 | -768,148 | 569,595 | -273,686 | 184,076 | 487,765 | 272,627 | 94,497 | 32,893 | 0 | 0 |
| Accruals and Deferred Income | -730,509 | 277,231 | 2,888,319 | 593,142 | -12,392 | 1,632,474 | 55,804 | 594,296 | 787,907 | 218,512 | 261,740 | 6,594 | 0 |
| Deferred Taxes & Provisions | 44,109 | 39,738 | 0 | 0 | -100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 615,255 | 848,167 | -267,438 | -520 | -204,931 | ||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | -2,500 | -52 | 0 | 50 | 0 | 2,502 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -631,426 | -762,752 | 717,273 | 53,198 | -1 | -362,640 | -182,505 | 358,842 | 190,417 | 239,536 | 103,330 | 276,728 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 0 | 0 | -415 | -2,207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 1,368,574 | -762,752 | -358,515 | -1,749,009 | -270,302 | -362,640 | -182,505 | 358,842 | 990,417 | 239,536 | 103,330 | 276,828 | |
| cash and cash equivalents | |||||||||||||
| cash | 228,614 | -653,878 | 3,275,390 | -2,139,111 | 4,065,764 | 193,183 | 604,529 | -111,782 | 154,351 | 34,605 | 122,030 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 228,614 | -653,878 | 3,275,390 | -2,139,111 | 4,065,764 | 193,183 | 604,529 | -111,782 | 154,351 | 34,605 | 122,030 | 0 | 0 |
ixion holdings (contracts) limited Credit Report and Business Information
Ixion Holdings (contracts) Limited Competitor Analysis
Perform a competitor analysis for ixion holdings (contracts) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ixion holdings (contracts) limited Ownership
IXION HOLDINGS (CONTRACTS) LIMITED group structure
Ixion Holdings (Contracts) Limited has 1 subsidiary company.
Ultimate parent company
1 parent
IXION HOLDINGS (CONTRACTS) LIMITED
06886337
1 subsidiary
ixion holdings (contracts) limited directors
Ixion Holdings (Contracts) Limited currently has 3 directors. The longest serving directors include Dr Michael Nussbaum (May 2022) and Mr Richard Clifton (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Michael Nussbaum | England | 78 years | May 2022 | - | Director |
| Mr Richard Clifton | United Kingdom | 53 years | Sep 2022 | - | Director |
| Mr James Robertson | England | 34 years | Jul 2023 | - | Director |
P&L
August 2022turnover
13.7m
+18%
operating profit
-956.9k
0%
gross margin
10.5%
-9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
861.4k
-4.07%
total assets
7.9m
-0.04%
cash
5.8m
+0.04%
net assets
Total assets minus all liabilities
Similar Companies
ixion holdings (contracts) limited company details
company number
06886337
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
ixion group contracts limited (August 2013)
invest england ltd (April 2011)
incorporated
UK
address
black country house, rounds green road, oldbury, B69 2DG
last accounts submitted
August 2022
ixion holdings (contracts) limited 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 2 charges/mortgages relating to ixion holdings (contracts) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ixion holdings (contracts) limited Companies House Filings - See Documents
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