Lode Audio Ltd

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lode audio ltd Company Information

Live

EstablishedMicroRapid

Company Number

08230608

Website

http://sirecontrol.com

Registered Address

10 queen street place, london, EC4R 1AG

Industry

Business and domestic software development

Telephone

02033272990

Next Accounts Due

June 2025

Group Structure

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Directors

Edwin Stark11 Years

Alexander Miller11 Years

Shareholders

alexander miller 27%

edwin stark 24.5%

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lode audio ltd Estimated Valuation

£230k

Pomanda estimates the enterprise value of LODE AUDIO LTD at £230k based on a Turnover of £355k and 0.65x industry multiple (adjusted for size and gross margin).

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Lode Audio Ltd is a live company located in london, EC4R 1AG with a Companies House number of 08230608. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2012, it's largest shareholder is alexander miller with a 27% stake. Lode Audio Ltd is a established, micro sized company, Pomanda has estimated its turnover at £355k with rapid growth in recent years.

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Pomanda's financial health check has awarded Lode Audio Ltd a 2.5 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 Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £355k, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (8.6%)

EXPORT

Lode Audio Ltd's latest turnover from September 2023 is estimated at £355 thousand and the company has net assets of -£610 thousand. According to their latest financial statements, Lode Audio Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Turnover	354,967	243,285	58,968	70,411	100,567	150,866	155,928	151,457	289,593	235,503	8,442
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	204,988	136,155	32,348	39,435	57,105	87,249	86,192	82,358	159,346	131,715	4,600
Gross Profit	149,980	107,130	26,620	30,976	43,463	63,617	69,736	69,099	130,247	103,788	3,843
Admin Expenses	300,165	-475,676	22,508	120,463	177,034	80,233	198,553	235,893	159,869	241,236	99,270
Operating Profit	-150,185	582,806	4,112	-89,487	-133,571	-16,616	-128,817	-166,794	-29,622	-137,448	-95,427
Interest Payable	0	17,067	25,929	25,456	26,395	25,113	16,857	5,599	0	0	0
Interest Receivable	0	85	6	7	108	278	74	15	105	211	130
Pre-Tax Profit	-150,185	565,823	-21,812	-114,936	-159,858	-41,451	-145,600	-172,378	-29,517	-137,237	-95,297
Tax	0	-107,506	0	0	0	0	0	0	0	0	0
Profit After Tax	-150,185	458,317	-21,812	-114,936	-159,858	-41,451	-145,600	-172,378	-29,517	-137,237	-95,297
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-150,185	458,317	-21,812	-114,936	-159,858	-41,451	-145,600	-172,378	-29,517	-137,237	-95,297
Employee Costs	66,833	62,967	118,062	113,020	118,469	176,229	227,425	215,945	107,060	107,387	51,420
Number Of Employees	1	1	2	2	2	3	4	4	2	2	1
EBITDA*	-150,185	582,806	4,112	-89,487	-133,571	-16,384	-128,586	-166,563	-29,622	-137,448	-95,427

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Tangible Assets	0	0	0	0	0	0	232	463	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	0	0	0	0	0	0	232	463	0	0	0
Stock & work in progress	0	0	22,126	27,200	53,319	53,319	0	0	0	0	0
Trade Debtors	170,995	123,465	3,317	11,128	28,034	39,505	29,110	20,575	84,556	66,063	1,680
Group Debtors	0	0	28,004	24,810	7,400	0	20,988	0	0	0	0
Misc Debtors	0	0	50,748	24,689	3,354	41,293	69,063	86,584	0	0	0
Cash	0	0	7,511	3,745	11,131	17,542	56,496	3,036	9,338	32,593	51,923
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	170,995	123,465	111,706	91,572	103,238	151,659	175,657	110,195	93,894	98,656	53,603
total assets	170,995	123,465	111,706	91,572	103,238	151,659	175,889	110,658	93,894	98,656	53,603
Bank overdraft	0	0	0	6,382	8,243	8,824	0	20	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	265,816	104,085	72,653	40,476	19,728	7,462	16,030	6,048	62,154	47,387	25,103
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	293,374	260,980	216,596	131,844	129,624	109,852	0	0	0
total current liabilities	265,816	104,085	366,027	307,838	244,567	148,130	145,654	115,920	62,154	47,387	25,103
loans	0	0	413,756	429,999	390,000	375,000	360,255	179,158	0	0	0
hp & lease commitments	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
other liabilities	515,133	479,149	0	0	0	0	0	0	193,782	183,794	123,794
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	515,133	479,149	413,756	429,999	390,000	375,000	360,255	179,158	193,782	183,794	123,794
total liabilities	780,949	583,234	779,783	737,837	634,567	523,130	505,909	295,078	255,936	231,181	148,897
net assets	-609,954	-459,769	-668,077	-646,265	-531,329	-371,471	-330,020	-184,420	-162,042	-132,525	-95,294
total shareholders funds	-609,954	-459,769	-668,077	-646,265	-531,329	-371,471	-330,020	-184,420	-162,042	-132,525	-95,294

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Operating Activities
Operating Profit	-150,185	582,806	4,112	-89,487	-133,571	-16,616	-128,817	-166,794	-29,622	-137,448	-95,427
Depreciation	0	0	0	0	0	232	231	231	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-107,506	0	0	0	0	0	0	0	0	0
Stock	0	-22,126	-5,074	-26,119	0	53,319	0	0	0	0	0
Debtors	47,530	41,396	21,442	21,839	-42,010	-38,363	12,002	22,603	18,493	64,383	1,680
Creditors	161,731	31,432	32,177	20,748	12,266	-8,568	9,982	-56,106	14,767	22,284	25,103
Accruals and Deferred Income	0	-293,374	32,394	44,384	84,752	2,220	19,772	109,852	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-35,984	194,088	52,315	-20,075	5,457	-37,688	-110,834	-135,420	-33,348	-179,547	-72,004
Investing Activities
capital expenditure	0	0	0	0	0	0	0	-694	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	-694	0	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-413,756	-16,243	39,999	15,000	14,745	181,097	179,158	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	35,984	479,149	0	0	0	0	0	-193,782	9,988	60,000	123,794
share issue	0	-250,009	0	0	0	0	0	150,000	0	100,006	3
interest	0	-16,982	-25,923	-25,449	-26,287	-24,835	-16,783	-5,584	105	211	130
cash flow from financing	35,984	-201,598	-42,166	14,550	-11,287	-10,090	164,314	129,792	10,093	160,217	123,927
cash and cash equivalents
cash	0	-7,511	3,766	-7,386	-6,411	-38,954	53,460	-6,302	-23,255	-19,330	51,923
overdraft	0	0	-6,382	-1,861	-581	8,824	-20	20	0	0	0
change in cash	0	-7,511	10,148	-5,525	-5,830	-47,778	53,480	-6,322	-23,255	-19,330	51,923

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LODE AUDIO LTD group structure

Lode Audio Ltd has no subsidiary companies.

Ultimate parent company

LODE AUDIO LTD

08230608

LODE AUDIO LTD Shareholders

alexander miller	27%
edwin stark	24.5%
dominic cubitt	24.5%
nieper holdings ltd	24%

Lode Audio Ltd currently has 2 directors. The longest serving directors include Mr Edwin Stark (Sep 2012) and Mr Alexander Miller (Sep 2012).

officer	country	age	start	end	role
Mr Edwin Stark	England	45 years	Sep 2012	-	Director
Mr Alexander Miller	United Kingdom	52 years	Sep 2012	-	Director

P&L

September 2023

turnover

355k

+46%

operating profit

-150.2k

gross margin

42.3%

-4.05%

turnover

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

Balance Sheet

September 2023

net assets

-610k

+0.33%

total assets

171k

+0.38%

cash

net assets

Total assets minus all liabilities

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company number

08230608

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

September 2012

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

sire control ltd (August 2014)

livewire technology services ltd (November 2012)

last accounts submitted

September 2023

address

10 queen street place, london, EC4R 1AG

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 lode audio ltd.

lode audio ltd Company Information

lode audio ltd Estimated Valuation

lode audio ltd Estimated Valuation

lode audio ltd Estimated Valuation

Lode Audio Ltd Overview

Lode Audio Ltd Health Check

LODE AUDIO LTD financials

lode audio ltd Credit Report and Business Information

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lode audio ltd Ownership

lode audio ltd directors

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