derive logic limited
derive logic limited Company Information
Company Number
07188650
Website
www.derive-logic.comRegistered Address
marlborough house, westminster place, york, YO26 6RW
Industry
Other information technology and computer service activities
Telephone
01285719820
Next Accounts Due
September 2024
Group Structure
View All
Directors
Nicholas Lee0 Years
Shareholders
livingstone holdings limited 100%
derive logic limited Estimated Valuation
Pomanda estimates the enterprise value of DERIVE LOGIC LIMITED at £32k based on a Turnover of £60.6k and 0.53x industry multiple (adjusted for size and gross margin).
derive logic limited Estimated Valuation
Pomanda estimates the enterprise value of DERIVE LOGIC LIMITED at £0 based on an EBITDA of £-2m and a 4.06x industry multiple (adjusted for size and gross margin).
derive logic limited Estimated Valuation
Pomanda estimates the enterprise value of DERIVE LOGIC LIMITED at £1.5m based on Net Assets of £670.6k and 2.21x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Derive Logic Limited Overview
Derive Logic Limited is a live company located in york, YO26 6RW with a Companies House number of 07188650. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2010, it's largest shareholder is livingstone holdings limited with a 100% stake. Derive Logic Limited is a established, micro sized company, Pomanda has estimated its turnover at £60.6k with declining growth in recent years.
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Derive Logic Limited Health Check
Pomanda's financial health check has awarded Derive Logic Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £60.6k, make it smaller than the average company (£6.7m)
- Derive Logic Limited
£6.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -75%, show it is growing at a slower rate (5.3%)
- Derive Logic Limited
5.3% - Industry AVG
Production
with a gross margin of 26.9%, this company has a higher cost of product (51.9%)
- Derive Logic Limited
51.9% - Industry AVG
Profitability
an operating margin of -3254.8% make it less profitable than the average company (3.7%)
- Derive Logic Limited
3.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - Derive Logic Limited
43 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
- Derive Logic Limited
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £60.6k, this is less efficient (£162.7k)
- Derive Logic Limited
£162.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Derive Logic Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (36 days)
- Derive Logic Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Derive Logic Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 737 weeks, this is more cash available to meet short term requirements (15 weeks)
737 weeks - Derive Logic Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.2%, this is a lower level of debt than the average (63.3%)
0.2% - Derive Logic Limited
63.3% - Industry AVG
DERIVE LOGIC LIMITED financials
Derive Logic Limited's latest turnover from December 2022 is estimated at £60.6 thousand and the company has net assets of £670.6 thousand. According to their latest financial statements, Derive Logic Limited has 1 employee and maintains cash reserves of £22.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,785,574 | 3,762,822 | 4,381,477 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 973,139 | 1,265,127 | 1,213,162 | ||||||||||
| Gross Profit | 2,812,435 | 2,497,695 | 3,168,315 | ||||||||||
| Admin Expenses | 2,097,741 | 1,650,344 | 1,884,787 | ||||||||||
| Operating Profit | 714,694 | 847,351 | 1,283,528 | ||||||||||
| Interest Payable | 0 | 0 | 0 | ||||||||||
| Interest Receivable | 0 | 0 | 487 | ||||||||||
| Pre-Tax Profit | 714,694 | 847,351 | 1,284,015 | ||||||||||
| Tax | -9,277 | -15,102 | -201,351 | ||||||||||
| Profit After Tax | 705,417 | 832,249 | 1,082,664 | ||||||||||
| Dividends Paid | 0 | 0 | 269,400 | ||||||||||
| Retained Profit | 705,417 | 832,249 | 813,264 | ||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 1 | 4 | 27 | 27 | 30 | 27 | 23 | 24 | |||||
| EBITDA* | 765,902 | 883,249 | 1,302,835 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 6,891 | 7,360 | 7,872 | 11,654 | 11,398 | 14,275 | 12,357 | 5,042 | 2,480 | 823 | 839 |
| Intangible Assets | 0 | 0 | 47,519 | 92,759 | 119,222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 54,410 | 100,119 | 127,094 | 11,654 | 11,398 | 14,275 | 12,357 | 5,042 | 2,480 | 823 | 839 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 714,667 | 1,583,295 | 1,184,133 | 784,574 | 526,441 | 308,901 | 184,809 | 231,782 | 45,100 | 15,085 | 122 |
| Group Debtors | 621,417 | 2,655,950 | 601,058 | 142,808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 28,512 | 0 | 55,663 | 56,561 | 136,134 | 58,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 22,232 | 0 | 2,639,511 | 1,077,990 | 1,012,245 | 537,376 | 350,233 | 254,110 | 126,962 | 78,928 | 15,770 | 1,637 | 6,028 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 672,161 | 2,655,950 | 4,010,899 | 2,860,654 | 2,332,512 | 1,380,391 | 876,674 | 563,011 | 311,771 | 310,710 | 60,870 | 16,722 | 6,150 |
| total assets | 672,161 | 2,655,950 | 4,065,309 | 2,960,773 | 2,459,606 | 1,392,045 | 888,072 | 577,286 | 324,128 | 315,752 | 63,350 | 17,545 | 6,989 |
| 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 | 231 | 228 | 25,276 | 32,448 | 129,072 | 224,487 | 725,570 | 421,063 | 283,942 | 260,645 | 61,720 | 17,404 | 6,020 |
| Group/Directors Accounts | 0 | 0 | 256,892 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,336 | 12,802 | 1,038,493 | 882,345 | 1,205,668 | 855,238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,567 | 13,030 | 1,320,661 | 914,793 | 1,334,740 | 1,079,725 | 725,570 | 421,063 | 283,942 | 260,645 | 61,720 | 17,404 | 6,020 |
| 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 | 0 | 0 | 9,849 | 16,598 | 1,496 | 2,214 | 2,280 | 2,855 | 2,471 | 1,008 | 496 | 0 | 0 |
| total long term liabilities | 0 | 0 | 9,849 | 16,598 | 1,496 | 2,214 | 2,280 | 2,855 | 2,471 | 1,008 | 496 | 0 | 0 |
| total liabilities | 1,567 | 13,030 | 1,330,510 | 931,391 | 1,336,236 | 1,081,939 | 727,850 | 423,918 | 286,413 | 261,653 | 62,216 | 17,404 | 6,020 |
| net assets | 670,594 | 2,642,920 | 2,734,799 | 2,029,382 | 1,123,370 | 310,106 | 160,222 | 153,368 | 37,715 | 54,099 | 1,134 | 141 | 969 |
| total shareholders funds | 670,594 | 2,642,920 | 2,734,799 | 2,029,382 | 1,123,370 | 310,106 | 160,222 | 153,368 | 37,715 | 54,099 | 1,134 | 141 | 969 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 714,694 | 847,351 | 1,283,528 | ||||||||||
| Depreciation | 0 | 798 | 5,968 | 4,560 | 7,683 | 7,594 | 10,729 | 8,880 | 8,312 | 3,251 | 1,736 | 565 | 413 |
| Amortisation | 0 | 7,540 | 45,240 | 31,338 | 11,624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -9,277 | -15,102 | -201,351 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,006,021 | 1,284,562 | -411,276 | 939,649 | 477,252 | 316,574 | 217,540 | 124,092 | -46,973 | 186,682 | 30,015 | 14,963 | 122 |
| Creditors | 3 | -25,048 | -7,172 | -192,039 | -95,415 | -501,083 | 304,507 | 137,121 | 23,297 | 198,925 | 44,316 | 11,384 | 6,020 |
| Accruals and Deferred Income | -11,466 | -1,025,691 | 156,148 | 27,107 | 350,430 | 855,238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -9,849 | -6,749 | 14,384 | -718 | -66 | -575 | 384 | 1,463 | 512 | 496 | 0 | 0 |
| Cash flow from operations | 1,310,128 | -222,050 | 878,529 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | -256,892 | 256,892 | 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 |
| 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 | 487 | ||||||||||
| cash flow from financing | 256,892 | 887,027 | 487 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 22,232 | -2,639,511 | 1,561,521 | 540,614 | 474,869 | 187,143 | 96,123 | 127,148 | 48,034 | 63,158 | 14,133 | -4,391 | 6,028 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 22,232 | -2,639,511 | 1,561,521 | 540,614 | 474,869 | 187,143 | 96,123 | 127,148 | 48,034 | 63,158 | 14,133 | -4,391 | 6,028 |
derive logic limited Credit Report and Business Information
Derive Logic Limited Competitor Analysis
Perform a competitor analysis for derive logic limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
derive logic limited Ownership
DERIVE LOGIC LIMITED group structure
Derive Logic Limited has no subsidiary companies.
Ultimate parent company
PROJECT OAK HOLDCO (JERSEY) LTD
#0165525
2 parents
DERIVE LOGIC LIMITED
07188650
derive logic limited directors
Derive Logic Limited currently has 1 director, Mr Nicholas Lee serving since Oct 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Lee | United Kingdom | 55 years | Oct 2023 | - | Director |
P&L
December 2022turnover
60.6k
-73%
operating profit
-2m
0%
gross margin
27%
+1.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
670.6k
-0.75%
total assets
672.2k
-0.75%
cash
22.2k
0%
net assets
Total assets minus all liabilities
Similar Companies
derive logic limited company details
company number
07188650
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2010
age
14
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
marlborough house, westminster place, york, YO26 6RW
last accounts submitted
December 2022
derive logic 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 3 charges/mortgages relating to derive logic limited. Currently there are 0 open charges and 3 have been satisfied in the past.
derive logic limited Companies House Filings - See Documents
| date | description | view/download |
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