locksville technology limited
locksville technology limited Company Information
Group Structure
View All
Industry
Other telecommunications activities
+1Registered Address
office -09 143 london road, stanford rivers, ongar, CM5 9PP
Website
locksvilletechnology.comlocksville technology limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKSVILLE TECHNOLOGY LIMITED at £34m based on a Turnover of £43.9m and 0.77x industry multiple (adjusted for size and gross margin).
locksville technology limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKSVILLE TECHNOLOGY LIMITED at £4.5m based on an EBITDA of £1m and a 4.32x industry multiple (adjusted for size and gross margin).
locksville technology limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKSVILLE TECHNOLOGY LIMITED at £5.9m based on Net Assets of £2.4m and 2.45x industry multiple (adjusted for liquidity).
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Locksville Technology Limited Overview
Locksville Technology Limited is a live company located in ongar, CM5 9PP with a Companies House number of 08888779. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in February 2014, it's largest shareholder is glen theo with a 100% stake. Locksville Technology Limited is a established, large sized company, Pomanda has estimated its turnover at £43.9m with rapid growth in recent years.
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Locksville Technology Limited Health Check
Pomanda's financial health check has awarded Locksville Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £43.9m, make it larger than the average company (£8.7m)
£43.9m - Locksville Technology Limited
£8.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.3%)
54% - Locksville Technology Limited
6.3% - Industry AVG
Production
with a gross margin of 4.7%, this company has a higher cost of product (38.4%)
4.7% - Locksville Technology Limited
38.4% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (5.1%)
2.4% - Locksville Technology Limited
5.1% - Industry AVG
Employees
with 32 employees, this is similar to the industry average (38)
32 - Locksville Technology Limited
38 - Industry AVG
Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
- Locksville Technology Limited
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£194.4k)
£1.4m - Locksville Technology Limited
£194.4k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (39 days)
5 days - Locksville Technology Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (37 days)
1 days - Locksville Technology Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Locksville Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 449 weeks, this is more cash available to meet short term requirements (17 weeks)
449 weeks - Locksville Technology Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.3%, this is a lower level of debt than the average (62.6%)
17.3% - Locksville Technology Limited
62.6% - Industry AVG
LOCKSVILLE TECHNOLOGY LIMITED financials
Locksville Technology Limited's latest turnover from February 2024 is £43.9 million and the company has net assets of £2.4 million. According to their latest financial statements, Locksville Technology Limited has 32 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 43,867,971 | 36,468,725 | 27,184,351 | 11,975,614 | 1,518,977 | 1,945,780 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 41,795,697 | 35,217,445 | 26,083,561 | 11,408,733 | 1,400,617 | 1,799,000 | |||
| Gross Profit | 2,072,274 | 1,251,280 | 1,100,790 | 566,881 | 118,360 | 146,780 | |||
| Admin Expenses | 1,036,884 | 293,427 | 288,238 | 83,987 | 34,262 | 18,725 | |||
| Operating Profit | 1,035,390 | 957,853 | 812,552 | 482,894 | 84,098 | 128,055 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 1,035,390 | 957,853 | 812,552 | 482,894 | 84,098 | 128,055 | |||
| Tax | 0 | -184,272 | -156,665 | -94,030 | -18,259 | -15,278 | |||
| Profit After Tax | 1,035,390 | 773,581 | 655,887 | 388,864 | 65,839 | 112,777 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 1,035,390 | 773,581 | 655,887 | 388,864 | 65,839 | 112,777 | |||
| Employee Costs | 32,146 | 26,348 | 1,780 | 1,640 | |||||
| Number Of Employees | 32 | 23 | 21 | 1 | |||||
| EBITDA* | 1,035,390 | 969,853 | 824,552 | 494,894 | 96,098 | 140,055 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 349,522 | 0 | 0 | 12,000 | 36,000 | 48,000 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 354,022 | 0 | 0 | 12,000 | 36,000 | 48,000 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 649,194 | 1,264,200 | 1,366,626 | 498,341 | 147,696 | 145,780 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,845,697 | 2,160,585 | 510,311 | 651,207 | 96,868 | 14,276 | 0 | 0 | 0 |
| misc current assets | 56,731 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,551,622 | 3,424,785 | 1,876,937 | 1,149,548 | 244,564 | 160,056 | 0 | 0 | 0 |
| total assets | 2,905,644 | 3,424,785 | 1,876,937 | 1,161,548 | 280,564 | 208,056 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 213,556 | 1,133,655 | 18,151 | 115,314 | 68,410 | 80,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 353,237 | 196,572 | 33,537 | 15,278 | 0 | 0 | 0 |
| total current liabilities | 213,556 | 1,133,655 | 371,388 | 311,886 | 101,947 | 95,278 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 41,371 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 171,435 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 76,345 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 289,151 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 502,707 | 1,145,655 | 371,388 | 311,886 | 101,947 | 95,278 | 0 | 0 | 0 |
| net assets | 2,402,937 | 2,279,130 | 1,505,549 | 849,662 | 178,617 | 112,778 | 0 | 0 | 0 |
| total shareholders funds | 2,402,937 | 2,279,130 | 1,505,549 | 849,662 | 178,617 | 112,778 | 0 | 0 | 0 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,035,390 | 957,853 | 812,552 | 482,894 | 84,098 | 128,055 | |||
| Depreciation | 0 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | -184,272 | -156,665 | -94,030 | -18,259 | -15,278 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -615,006 | -102,426 | 868,285 | 498,341 | 1,916 | 145,780 | 0 | 0 | 0 |
| Creditors | -920,099 | 1,115,504 | -97,163 | 115,314 | -11,590 | 80,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 41,371 | -353,237 | 156,665 | 196,572 | 18,259 | 15,278 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 64,345 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 836,013 | 1,662,274 | -140,896 | 214,409 | 82,592 | 74,275 | |||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 4,500 | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 171,435 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | |||
| cash flow from financing | -740,148 | 0 | 0 | 460,798 | 0 | 1 | |||
| cash and cash equivalents | |||||||||
| cash | -314,888 | 1,650,274 | -140,896 | 651,207 | 82,592 | 14,276 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -314,888 | 1,650,274 | -140,896 | 651,207 | 82,592 | 14,276 | 0 | 0 | 0 |
locksville technology limited Credit Report and Business Information
Locksville Technology Limited Competitor Analysis
Perform a competitor analysis for locksville technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in CM5 area or any other competitors across 12 key performance metrics.
locksville technology limited Ownership
LOCKSVILLE TECHNOLOGY LIMITED group structure
Locksville Technology Limited has no subsidiary companies.
Ultimate parent company
LOCKSVILLE TECHNOLOGY LIMITED
08888779
locksville technology limited directors
Locksville Technology Limited currently has 1 director, Mr Glen Theo serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glen Theo | United Kingdom | 51 years | Feb 2018 | - | Director |
P&L
February 2024turnover
43.9m
+20%
operating profit
1m
+8%
gross margin
4.8%
+37.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
2.4m
+0.05%
total assets
2.9m
-0.15%
cash
1.8m
-0.15%
net assets
Total assets minus all liabilities
locksville technology limited company details
company number
08888779
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
82990 - Other business support service activities n.e.c.
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
office -09 143 london road, stanford rivers, ongar, CM5 9PP
Bank
-
Legal Advisor
-
locksville technology 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 locksville technology limited.
locksville technology 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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locksville technology limited Companies House Filings - See Documents
| date | description | view/download |
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