xiatech limited
xiatech limited Company Information
Company Number
08677559
Next Accounts
Jun 2025
Industry
Computer consultancy activities
Shareholders
xiatech holdings limited
Group Structure
View All
Contact
Registered Address
71 queen victoria street, london, EC4V 4BE
Website
www.xiatech.co.ukxiatech limited Estimated Valuation
Pomanda estimates the enterprise value of XIATECH LIMITED at £9.1m based on a Turnover of £9.4m and 0.96x industry multiple (adjusted for size and gross margin).
xiatech limited Estimated Valuation
Pomanda estimates the enterprise value of XIATECH LIMITED at £9.3m based on an EBITDA of £1.4m and a 6.73x industry multiple (adjusted for size and gross margin).
xiatech limited Estimated Valuation
Pomanda estimates the enterprise value of XIATECH LIMITED at £10.9m based on Net Assets of £4.7m and 2.3x industry multiple (adjusted for liquidity).
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Xiatech Limited Overview
Xiatech Limited is a live company located in london, EC4V 4BE with a Companies House number of 08677559. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2013, it's largest shareholder is xiatech holdings limited with a 100% stake. Xiatech Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.4m with rapid growth in recent years.
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Xiatech Limited Health Check
Pomanda's financial health check has awarded Xiatech Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
1 Weak
Size
annual sales of £9.4m, make it larger than the average company (£920.2k)
£9.4m - Xiatech Limited
£920.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (6.6%)
- Xiatech Limited
6.6% - Industry AVG
Production
with a gross margin of 55%, this company has a comparable cost of product (49.5%)
55% - Xiatech Limited
49.5% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (7.5%)
0.1% - Xiatech Limited
7.5% - Industry AVG
Employees
with 63 employees, this is above the industry average (9)
63 - Xiatech Limited
9 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has a lower pay structure (£54.1k)
£36.8k - Xiatech Limited
£54.1k - Industry AVG
Efficiency
resulting in sales per employee of £149.9k, this is more efficient (£124k)
£149.9k - Xiatech Limited
£124k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (64 days)
66 days - Xiatech Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (29 days)
48 days - Xiatech Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Xiatech Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (18 weeks)
24 weeks - Xiatech Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.2%, this is a lower level of debt than the average (57.1%)
44.2% - Xiatech Limited
57.1% - Industry AVG
XIATECH LIMITED financials
Xiatech Limited's latest turnover from September 2023 is £9.4 million and the company has net assets of £4.7 million. According to their latest financial statements, Xiatech Limited has 63 employees and maintains cash reserves of £1.2 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,441,104 | 8,624,995 | ||||||||
| Other Income Or Grants | 0 | 0 | ||||||||
| Cost Of Sales | 4,251,614 | 3,886,918 | ||||||||
| Gross Profit | 5,189,490 | 4,738,077 | ||||||||
| Admin Expenses | 5,181,364 | 4,267,946 | ||||||||
| Operating Profit | 8,126 | 470,131 | ||||||||
| Interest Payable | 0 | 0 | ||||||||
| Interest Receivable | 0 | 6,981 | ||||||||
| Pre-Tax Profit | 8,126 | 477,112 | ||||||||
| Tax | 111,045 | 136,420 | ||||||||
| Profit After Tax | 119,171 | 613,532 | ||||||||
| Dividends Paid | 0 | 0 | ||||||||
| Retained Profit | 119,171 | 613,532 | ||||||||
| Employee Costs | 2,321,114 | 1,413,008 | ||||||||
| Number Of Employees | 63 | 54 | 53 | 8 | 6 | 2 | 2 | |||
| EBITDA* | 1,384,720 | 1,358,172 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,154 | 80,549 | 91,035 | 103,609 | 133,182 | 271,082 | 7,863 | 5,266 | 8,865 | 5,800 |
| Intangible Assets | 4,727,494 | 3,817,136 | 2,189,489 | 1,046,533 | 515,871 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,768 | 4,768 | 915 |
| Total Fixed Assets | 4,774,648 | 3,897,685 | 2,280,524 | 1,150,142 | 649,053 | 271,082 | 7,863 | 10,034 | 13,633 | 6,715 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,719,052 | 2,076,902 | 1,502,757 | 1,109,954 | 1,490,305 | 1,702,262 | 910,119 | 552,194 | 443,659 | 68,216 |
| Group Debtors | 0 | 0 | 350,228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 731,227 | 908,386 | 883,400 | 774,463 | 0 | 0 | 73,352 | 19,041 | 0 | 0 |
| Cash | 1,214,776 | 399,160 | 578,990 | 578,783 | 867,035 | 0 | 698,123 | 653,103 | 260,181 | 211,047 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,665,055 | 3,384,448 | 3,315,375 | 2,463,200 | 2,357,340 | 1,702,262 | 1,681,594 | 1,224,338 | 703,840 | 279,263 |
| total assets | 8,439,703 | 7,282,133 | 5,595,899 | 3,613,342 | 3,006,393 | 1,973,344 | 1,689,457 | 1,234,372 | 717,473 | 285,978 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 561,569 | 649,800 | 608,880 | 81,631 | 435,624 | 104,673 | 0 | 0 | 178,687 | 94,893 |
| Group/Directors Accounts | 1,229,492 | 277,492 | 86,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 812,385 | 850,980 | 410,250 | 402,572 | 0 | 0 | 121,080 | 157,755 | 0 | 0 |
| total current liabilities | 2,603,446 | 1,778,272 | 1,105,530 | 484,203 | 435,624 | 104,673 | 121,080 | 157,755 | 178,687 | 94,893 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,125,937 | 912,712 | 512,752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,125,937 | 912,712 | 512,752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,729,383 | 2,690,984 | 1,618,282 | 484,203 | 435,624 | 104,673 | 121,080 | 157,755 | 178,687 | 94,893 |
| net assets | 4,710,320 | 4,591,149 | 3,977,617 | 3,129,139 | 2,570,769 | 1,868,671 | 1,568,377 | 1,076,617 | 538,786 | 191,085 |
| total shareholders funds | 4,710,320 | 4,591,149 | 3,977,617 | 3,129,139 | 2,570,769 | 1,868,671 | 1,568,377 | 1,076,617 | 538,786 | 191,085 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 8,126 | 470,131 | ||||||||
| Depreciation | 54,092 | 49,263 | 35,687 | 34,543 | 38,722 | 4,668 | 3,599 | 3,600 | 1,932 | |
| Amortisation | 1,322,502 | 838,778 | 435,510 | 195,655 | 85,492 | 0 | 0 | 0 | 0 | |
| Tax | 111,045 | 136,420 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -535,009 | 248,903 | 851,968 | 394,112 | -211,957 | 718,791 | 407,468 | 127,576 | 379,296 | 69,131 |
| Creditors | -88,231 | 40,920 | 527,249 | -353,993 | 330,951 | 104,673 | 0 | -178,687 | 83,794 | 94,893 |
| Accruals and Deferred Income | -38,595 | 440,730 | 7,678 | 402,572 | 0 | -121,080 | -36,675 | 157,755 | 0 | 0 |
| Deferred Taxes & Provisions | 213,225 | 399,960 | 512,752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,117,173 | 2,127,299 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 952,000 | 191,092 | 86,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 6,981 | ||||||||
| cash flow from financing | 952,000 | 198,073 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 815,616 | -179,830 | 207 | -288,252 | 867,035 | -698,123 | 45,020 | 392,922 | 49,134 | 211,047 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 815,616 | -179,830 | 207 | -288,252 | 867,035 | -698,123 | 45,020 | 392,922 | 49,134 | 211,047 |
xiatech limited Credit Report and Business Information
Xiatech Limited Competitor Analysis
Perform a competitor analysis for xiatech limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC4V area or any other competitors across 12 key performance metrics.
xiatech limited Ownership
XIATECH LIMITED group structure
Xiatech Limited has no subsidiary companies.
Ultimate parent company
XIATECH LIMITED
08677559
xiatech limited directors
Xiatech Limited currently has 3 directors. The longest serving directors include Mr Jonathan Summerfield (Sep 2013) and Mr David Chislett (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Summerfield | United Kingdom | 53 years | Sep 2013 | - | Director |
| Mr David Chislett | United Kingdom | 63 years | Dec 2020 | - | Director |
| Mr Martin Moran | England | 62 years | Dec 2020 | - | Director |
P&L
September 2023turnover
9.4m
+9%
operating profit
8.1k
-98%
gross margin
55%
+0.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
4.7m
+0.03%
total assets
8.4m
+0.16%
cash
1.2m
+2.04%
net assets
Total assets minus all liabilities
xiatech limited company details
company number
08677559
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
xiatech consulting ltd (June 2024)
accountant
-
auditor
SAFFERY LLP
address
71 queen victoria street, london, EC4V 4BE
Bank
-
Legal Advisor
-
xiatech 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 xiatech limited. Currently there are 2 open charges and 0 have been satisfied in the past.
xiatech 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.
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xiatech limited Companies House Filings - See Documents
| date | description | view/download |
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