labworldx limited
labworldx limited Company Information
Company Number
08716629
Next Accounts
May 2025
Industry
Wholesale of clothing and footwear
Directors
Shareholders
melvyn etienne de villiers
melvyn de villiers
Group Structure
View All
Contact
Registered Address
construction house runwell road, wickford, essex, SS11 7HQ
Website
-labworldx limited Estimated Valuation
Pomanda estimates the enterprise value of LABWORLDX LIMITED at £141.3k based on a Turnover of £349.7k and 0.4x industry multiple (adjusted for size and gross margin).
labworldx limited Estimated Valuation
Pomanda estimates the enterprise value of LABWORLDX LIMITED at £29.2k based on an EBITDA of £7.6k and a 3.82x industry multiple (adjusted for size and gross margin).
labworldx limited Estimated Valuation
Pomanda estimates the enterprise value of LABWORLDX LIMITED at £67k based on Net Assets of £30.8k and 2.18x industry multiple (adjusted for liquidity).
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Labworldx Limited Overview
Labworldx Limited is a live company located in essex, SS11 7HQ with a Companies House number of 08716629. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in October 2013, it's largest shareholder is melvyn etienne de villiers with a 51% stake. Labworldx Limited is a established, micro sized company, Pomanda has estimated its turnover at £349.7k with declining growth in recent years.
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Labworldx Limited Health Check
Pomanda's financial health check has awarded Labworldx Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £349.7k, make it smaller than the average company (£16m)
- Labworldx Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.1%)
- Labworldx Limited
4.1% - Industry AVG
Production
with a gross margin of 31.2%, this company has a comparable cost of product (31.2%)
- Labworldx Limited
31.2% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (4.1%)
- Labworldx Limited
4.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (47)
3 - Labworldx Limited
47 - Industry AVG
Pay Structure
on an average salary of £13k, the company has a lower pay structure (£37.3k)
£13k - Labworldx Limited
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £116.6k, this is less efficient (£326.3k)
- Labworldx Limited
£326.3k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (41 days)
- Labworldx Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (36 days)
- Labworldx Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (138 days)
- Labworldx Limited
138 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (10 weeks)
6 weeks - Labworldx Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.4%, this is a higher level of debt than the average (59.3%)
81.4% - Labworldx Limited
59.3% - Industry AVG
LABWORLDX LIMITED financials
Labworldx Limited's latest turnover from August 2023 is estimated at £349.7 thousand and the company has net assets of £30.8 thousand. According to their latest financial statements, Labworldx Limited has 3 employees and maintains cash reserves of £15.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 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 | 39,063 | 0 | ||||||||
| Number Of Employees | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,479 | 1,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| Total Fixed Assets | 2,479 | 1,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 5,000 | 5,000 | 5,000 | 30,000 | 30,000 | 25,000 | 24,750 | 13,500 | 19,000 | 15,000 |
| Trade Debtors | 12,046 | 6,229 | 71,398 | 50,733 | 7,860 | 4,579 | 4,897 | 35,283 | 15,982 | 14,010 |
| Group Debtors | 4,065 | 64,557 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 126,405 | 61,087 | 54,002 | 1,424 | 0 | 36,778 | 4,304 | 0 | 44 | 0 |
| Cash | 15,256 | 1,402 | 48,672 | 5,400 | 5,729 | 30,754 | 5,108 | 25,184 | 116 | 6,019 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 162,772 | 138,275 | 179,072 | 87,557 | 43,589 | 97,111 | 39,059 | 73,967 | 35,142 | 35,029 |
| total assets | 165,251 | 139,599 | 179,072 | 87,557 | 43,589 | 97,111 | 39,059 | 73,967 | 35,142 | 35,029 |
| Bank overdraft | 1,006 | 982 | 0 | 0 | 0 | 0 | 199 | 0 | 55 | 0 |
| Bank loan | 4,446 | 4,337 | 4,238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 49,043 | 65,449 | 106,482 | 72,727 | 54,363 | 52,329 | 30,994 | 61,407 | 25,209 | 36,304 |
| Group/Directors Accounts | 0 | 0 | 1,591 | 56,023 | 67,882 | 4,790 | 4,790 | 15,790 | 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 | 70,370 | 28,268 | 23,606 | 7,109 | 2,314 | 96,857 | 54,424 | 8,012 | 17,218 | 0 |
| total current liabilities | 124,865 | 99,036 | 135,917 | 135,859 | 124,559 | 153,976 | 90,407 | 85,209 | 42,482 | 36,304 |
| loans | 9,629 | 14,075 | 18,054 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,629 | 14,075 | 18,054 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 134,494 | 113,111 | 153,971 | 135,859 | 124,559 | 153,976 | 90,407 | 85,209 | 42,482 | 36,304 |
| net assets | 30,757 | 26,488 | 25,101 | -48,302 | -80,970 | -56,865 | -51,348 | -11,242 | -7,340 | -1,275 |
| total shareholders funds | 30,757 | 26,488 | 25,101 | -48,302 | -80,970 | -56,865 | -51,348 | -11,242 | -7,340 | -1,275 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 428 | 122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | -25,000 | 0 | 5,000 | 250 | 11,250 | -5,500 | 4,000 | 15,000 |
| Debtors | 10,643 | 6,473 | 73,243 | 44,297 | -33,497 | 32,156 | -26,082 | 19,257 | 2,016 | 14,010 |
| Creditors | -16,406 | -41,033 | 33,755 | 18,364 | 2,034 | 21,335 | -30,413 | 36,198 | -11,095 | 36,304 |
| Accruals and Deferred Income | 42,102 | 4,662 | 16,497 | 4,795 | -94,543 | 42,433 | 46,412 | -9,206 | 17,218 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| 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 | 109 | 99 | 4,238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -1,591 | -54,432 | -11,859 | 63,092 | 0 | -11,000 | 15,790 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,446 | -3,979 | 18,054 | 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 | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 13,854 | -47,270 | 43,272 | -329 | -25,025 | 25,646 | -20,076 | 25,068 | -5,903 | 6,019 |
| overdraft | 24 | 982 | 0 | 0 | 0 | -199 | 199 | -55 | 55 | 0 |
| change in cash | 13,830 | -48,252 | 43,272 | -329 | -25,025 | 25,845 | -20,275 | 25,123 | -5,958 | 6,019 |
labworldx limited Credit Report and Business Information
Labworldx Limited Competitor Analysis
Perform a competitor analysis for labworldx limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SS11 area or any other competitors across 12 key performance metrics.
labworldx limited Ownership
LABWORLDX LIMITED group structure
Labworldx Limited has no subsidiary companies.
Ultimate parent company
LABWORLDX LIMITED
08716629
labworldx limited directors
Labworldx Limited currently has 1 director, Mr Melvyn De Villiers serving since Oct 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Melvyn De Villiers | United Kingdom | 52 years | Oct 2013 | - | Director |
P&L
August 2023turnover
349.7k
+97%
operating profit
7.2k
0%
gross margin
31.2%
-3.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
30.8k
+0.16%
total assets
165.3k
+0.18%
cash
15.3k
+9.88%
net assets
Total assets minus all liabilities
labworldx limited company details
company number
08716629
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
October 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
labsurfgear limited (March 2022)
accountant
-
auditor
-
address
construction house runwell road, wickford, essex, SS11 7HQ
Bank
-
Legal Advisor
-
labworldx 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 did not find charges/mortgages relating to labworldx limited.
labworldx 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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labworldx limited Companies House Filings - See Documents
| date | description | view/download |
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