flodatix limited
flodatix limited Company Information
Company Number
08360378
Next Accounts
104 days late
Shareholders
aspen energy partners llc
john hutchinson
View AllGroup Structure
View All
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
Registered Address
unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Website
http://iphtech.comflodatix limited Estimated Valuation
Pomanda estimates the enterprise value of FLODATIX LIMITED at £1.8m based on a Turnover of £1.9m and 0.95x industry multiple (adjusted for size and gross margin).
flodatix limited Estimated Valuation
Pomanda estimates the enterprise value of FLODATIX LIMITED at £0 based on an EBITDA of £-1.4m and a 5.41x industry multiple (adjusted for size and gross margin).
flodatix limited Estimated Valuation
Pomanda estimates the enterprise value of FLODATIX LIMITED at £3.7m based on Net Assets of £1.5m and 2.5x industry multiple (adjusted for liquidity).
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Flodatix Limited Overview
Flodatix Limited is a live company located in reading, RG1 2AN with a Companies House number of 08360378. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in January 2013, it's largest shareholder is aspen energy partners llc with a 60.8% stake. Flodatix Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.
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Flodatix Limited Health Check
Pomanda's financial health check has awarded Flodatix Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£12.1m)
- Flodatix Limited
£12.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5%)
- Flodatix Limited
5% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (41.1%)
- Flodatix Limited
41.1% - Industry AVG
Profitability
an operating margin of -77.9% make it less profitable than the average company (9.4%)
- Flodatix Limited
9.4% - Industry AVG
Employees
with 12 employees, this is below the industry average (73)
12 - Flodatix Limited
73 - Industry AVG
Pay Structure
on an average salary of £52.3k, the company has an equivalent pay structure (£52.3k)
- Flodatix Limited
£52.3k - Industry AVG
Efficiency
resulting in sales per employee of £158.5k, this is equally as efficient (£184.2k)
- Flodatix Limited
£184.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Flodatix Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (42 days)
- Flodatix Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Flodatix Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 206 weeks, this is more cash available to meet short term requirements (24 weeks)
206 weeks - Flodatix Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.8%, this is a lower level of debt than the average (38.3%)
16.8% - Flodatix Limited
38.3% - Industry AVG
FLODATIX LIMITED financials
Flodatix Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £1.5 million. According to their latest financial statements, Flodatix Limited has 12 employees and maintains cash reserves of £1.2 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 12 | 12 | 12 | 11 | 12 | 8 | 5 | |||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 86,995 | 88,359 | 57,633 | 76,270 | 102,232 | 113,313 | ||||
| Intangible Assets | ||||||||||
| Investments & Other | 6,266 | 3,322 | ||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 93,261 | 91,681 | 57,633 | 76,270 | 102,232 | 113,313 | ||||
| Stock & work in progress | 7,301 | |||||||||
| Trade Debtors | 15,550 | 15,180 | ||||||||
| Group Debtors | 102,583 | 34,290 | ||||||||
| Misc Debtors | 399,328 | 255,670 | 252,192 | 263,010 | 304,983 | 129,974 | 1,060 | 7,145 | ||
| Cash | 1,190,638 | 1,207,695 | 710,654 | 312,294 | 597,816 | 352,573 | 7,236 | 23,872 | 6,674 | 26,728 |
| misc current assets | ||||||||||
| total current assets | 1,692,549 | 1,497,655 | 962,846 | 582,605 | 902,799 | 482,547 | 8,296 | 31,017 | 22,224 | 41,908 |
| total assets | 1,785,810 | 1,589,336 | 1,020,479 | 658,875 | 1,005,031 | 595,860 | 8,296 | 31,017 | 22,224 | 41,908 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 235,308 | 112,438 | 96,896 | 223,453 | 140,068 | 54,285 | 3,129 | 9,345 | 50,320 | 31,227 |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 63,971 | 60,072 | 66,204 | 126,087 | 82,101 | 27,609 | 9,427 | 9,307 | ||
| total current liabilities | 299,279 | 172,510 | 163,100 | 349,540 | 222,169 | 81,894 | 12,556 | 18,652 | 50,320 | 31,227 |
| loans | 197,208 | 197,208 | ||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 29,683 | 19,822 | ||||||||
| other liabilities | 207,218 | 96,241 | ||||||||
| provisions | ||||||||||
| total long term liabilities | 226,891 | 217,030 | 207,218 | 96,241 | ||||||
| total liabilities | 299,279 | 172,510 | 163,100 | 349,540 | 222,169 | 81,894 | 239,447 | 235,682 | 257,538 | 127,468 |
| net assets | 1,486,531 | 1,416,826 | 857,379 | 309,335 | 782,862 | 513,966 | -231,151 | -204,665 | -235,314 | -85,560 |
| total shareholders funds | 1,486,531 | 1,416,826 | 857,379 | 309,335 | 782,862 | 513,966 | -231,151 | -204,665 | -235,314 | -85,560 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 38,916 | 32,557 | 32,663 | 30,419 | 28,548 | 5,237 | ||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | -7,301 | 7,301 | ||||||||
| Debtors | 211,951 | 37,768 | -10,818 | -41,973 | 175,009 | 128,914 | -6,085 | -8,405 | 370 | 15,180 |
| Creditors | 122,870 | 15,542 | -126,557 | 83,385 | 85,783 | 51,156 | -6,216 | -40,975 | 19,093 | 31,227 |
| Accruals and Deferred Income | 3,899 | -6,132 | -59,883 | 43,986 | 54,492 | -11,501 | 9,981 | 29,129 | ||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 2,944 | 3,322 | ||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | -197,208 | 197,208 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -207,218 | 110,977 | 96,241 | |||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -17,057 | 497,041 | 398,360 | -285,522 | 245,243 | 345,337 | -16,636 | 17,198 | -20,054 | 26,728 |
| overdraft | ||||||||||
| change in cash | -17,057 | 497,041 | 398,360 | -285,522 | 245,243 | 345,337 | -16,636 | 17,198 | -20,054 | 26,728 |
flodatix limited Credit Report and Business Information
Flodatix Limited Competitor Analysis
Perform a competitor analysis for flodatix limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.
flodatix limited Ownership
FLODATIX LIMITED group structure
Flodatix Limited has no subsidiary companies.
Ultimate parent company
FLODATIX LIMITED
08360378
flodatix limited directors
Flodatix Limited currently has 6 directors. The longest serving directors include Mr Dominic McCann (Jan 2013) and Mr Andrew Hunt (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic McCann | 66 years | Jan 2013 | - | Director | |
| Mr Andrew Hunt | 69 years | Jan 2013 | - | Director | |
| Mr Kevin Forbes | 67 years | Jan 2013 | - | Director | |
| Mr John Hutchinson | United Kingdom | 63 years | Jan 2013 | - | Director |
| Mr Simon Yeldham | 58 years | Jan 2013 | - | Director | |
| Mr Larry Cheeseman | United States | 51 years | Jun 2017 | - | Director |
P&L
March 2023turnover
1.9m
+14%
operating profit
-1.5m
0%
gross margin
41.1%
-2.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.5m
+0.05%
total assets
1.8m
+0.12%
cash
1.2m
-0.01%
net assets
Total assets minus all liabilities
flodatix limited company details
company number
08360378
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
iphase limited (October 2020)
accountant
CLA EVELYN PARTNERS LIMITED
auditor
-
address
unit 8 the aquarium, 1-7 king street, reading, RG1 2AN
Bank
-
Legal Advisor
-
flodatix 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 1 charges/mortgages relating to flodatix limited. Currently there are 1 open charges and 0 have been satisfied in the past.
flodatix limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FLODATIX LIMITED. This can take several minutes, an email will notify you when this has completed.
flodatix limited Companies House Filings - See Documents
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