vexgold limited
vexgold limited Company Information
Company Number
09960782
Website
www.vexgold.comRegistered Address
unit a 690 melton road, thurmaston, leicester, LE4 8BB
Industry
Other personal service activities n.e.c.
Telephone
01162692710
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
vexgold holdings limited 100%
vexgold limited Estimated Valuation
Pomanda estimates the enterprise value of VEXGOLD LIMITED at £4.5m based on a Turnover of £4.8m and 0.94x industry multiple (adjusted for size and gross margin).
vexgold limited Estimated Valuation
Pomanda estimates the enterprise value of VEXGOLD LIMITED at £118.1k based on an EBITDA of £17.4k and a 6.79x industry multiple (adjusted for size and gross margin).
vexgold limited Estimated Valuation
Pomanda estimates the enterprise value of VEXGOLD LIMITED at £1.5m based on Net Assets of £508.9k and 2.98x industry multiple (adjusted for liquidity).
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Vexgold Limited Overview
Vexgold Limited is a live company located in leicester, LE4 8BB with a Companies House number of 09960782. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in January 2016, it's largest shareholder is vexgold holdings limited with a 100% stake. Vexgold Limited is a young, small sized company, Pomanda has estimated its turnover at £4.8m with high growth in recent years.
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Vexgold Limited Health Check
Pomanda's financial health check has awarded Vexgold Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £4.8m, make it larger than the average company (£818.1k)
- Vexgold Limited
£818.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.3%)
- Vexgold Limited
5.3% - Industry AVG
Production
with a gross margin of 40.9%, this company has a comparable cost of product (40.9%)
- Vexgold Limited
40.9% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (6.6%)
- Vexgold Limited
6.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (13)
10 - Vexgold Limited
13 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has an equivalent pay structure (£29.2k)
- Vexgold Limited
£29.2k - Industry AVG
Efficiency
resulting in sales per employee of £477.9k, this is more efficient (£80k)
- Vexgold Limited
£80k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (29 days)
- Vexgold Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (42 days)
- Vexgold Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is in line with average (37 days)
- Vexgold Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (53 weeks)
26 weeks - Vexgold Limited
53 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.1%, this is a higher level of debt than the average (43.8%)
71.1% - Vexgold Limited
43.8% - Industry AVG
vexgold limited Credit Report and Business Information
Vexgold Limited Competitor Analysis
Perform a competitor analysis for vexgold limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vexgold limited Ownership
VEXGOLD LIMITED group structure
Vexgold Limited has no subsidiary companies.
Ultimate parent company
VEXGOLD LIMITED
09960782
vexgold limited directors
Vexgold Limited currently has 4 directors. The longest serving directors include Mr Michael Halfpenny (Jan 2016) and Mr Simon Hardy (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Halfpenny | United Kingdom | 61 years | Jan 2016 | - | Director |
| Mr Simon Hardy | United Kingdom | 47 years | Jan 2016 | - | Director |
| Ms Martha Hardy | United Kingdom | 45 years | Jan 2016 | - | Director |
| Mr James Malone | United Kingdom | 45 years | Apr 2016 | - | Director |
VEXGOLD LIMITED financials
Vexgold Limited's latest turnover from February 2023 is estimated at £4.8 million and the company has net assets of £508.9 thousand. According to their latest financial statements, Vexgold Limited has 10 employees and maintains cash reserves of £557.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,746,699 | 3,113,112 | 3,177,724 | 2,981,372 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 1,870,519 | 2,106,347 | 2,172,288 | 2,016,408 | |||
| Gross Profit | 876,180 | 1,006,765 | 1,005,436 | 964,964 | |||
| Admin Expenses | 502,522 | ||||||
| Operating Profit | 462,442 | ||||||
| Interest Payable | 1,441 | 1,591 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 286,406 | 421,385 | 461,287 | 469,908 | |||
| Tax | -56,957 | -84,134 | -81,006 | -91,837 | |||
| Profit After Tax | 229,449 | 337,251 | 380,281 | 378,071 | |||
| Dividends Paid | 225,000 | 217,862 | 201,720 | 192,000 | |||
| Retained Profit | 4,449 | 119,389 | 178,561 | 186,071 | |||
| Employee Costs | |||||||
| Number Of Employees | 10 | 10 | 10 | ||||
| EBITDA* | 468,385 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 83,463 | 94,679 | 33,869 | 38,398 | 47,947 | 63,039 | 17,832 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 83,463 | 94,679 | 33,869 | 38,398 | 47,947 | 63,039 | 17,832 |
| Stock & work in progress | 282,201 | 275,239 | 139,952 | 149,320 | 182,100 | 186,387 | 143,528 |
| Trade Debtors | 805,676 | 726,136 | 490,344 | 502,655 | 635,692 | 604,268 | 571,463 |
| Group Debtors | 0 | 108,213 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 31,798 | 16,899 | 17,772 | 30,947 | 12,654 | 14,445 | 12,938 |
| Cash | 557,185 | 453,066 | 750,249 | 378,285 | 255,259 | 163,669 | 289,323 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,676,860 | 1,579,553 | 1,398,317 | 1,061,207 | 1,085,705 | 968,769 | 1,017,252 |
| total assets | 1,760,323 | 1,674,232 | 1,432,186 | 1,099,605 | 1,133,652 | 1,031,808 | 1,035,084 |
| Bank overdraft | 62,500 | 57,292 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 688,287 | 645,646 | 476,306 | 396,762 | 355,879 | 287,721 | 252,607 |
| Group/Directors Accounts | 116,549 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 13,298 | 25,938 | 12,639 | 14,081 | 14,081 | 14,081 | 0 |
| other current liabilities | 210,523 | 187,280 | 198,825 | 106,645 | 133,385 | 106,448 | 136,806 |
| total current liabilities | 1,091,157 | 916,156 | 687,770 | 517,488 | 503,345 | 408,250 | 389,413 |
| loans | 125,065 | 192,708 | 250,000 | 60,000 | 100,000 | 200,000 | 450,000 |
| hp & lease commitments | 14,320 | 26,847 | 12,800 | 23,997 | 36,636 | 49,276 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 20,866 | 17,850 | 6,393 | 0 | 0 | 0 | 0 |
| total long term liabilities | 160,251 | 237,405 | 269,193 | 83,997 | 136,636 | 249,276 | 450,000 |
| total liabilities | 1,251,408 | 1,153,561 | 956,963 | 601,485 | 639,981 | 657,526 | 839,413 |
| net assets | 508,915 | 520,671 | 475,223 | 498,120 | 493,671 | 374,282 | 195,671 |
| total shareholders funds | 508,915 | 520,671 | 475,223 | 498,120 | 493,671 | 374,282 | 195,671 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 462,442 | ||||||
| Depreciation | 27,471 | 9,903 | 9,865 | 12,799 | 15,982 | 21,014 | 5,943 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -56,957 | -84,134 | -81,006 | -91,837 | |||
| Stock | 6,962 | 135,287 | -9,368 | -32,780 | -4,287 | 42,859 | 143,528 |
| Debtors | -13,774 | 343,132 | -25,486 | -114,744 | 29,633 | 34,312 | 584,401 |
| Creditors | 42,641 | 169,340 | 79,544 | 40,883 | 68,158 | 35,114 | 252,607 |
| Accruals and Deferred Income | 23,243 | -11,545 | 92,180 | -26,740 | 26,937 | -30,358 | 136,806 |
| Deferred Taxes & Provisions | 3,016 | 11,457 | 6,393 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 38,032 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 116,549 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -67,643 | -57,292 | 190,000 | -40,000 | -100,000 | -250,000 | 450,000 |
| Hire Purchase and Lease Commitments | -25,167 | 27,346 | -12,639 | -12,639 | -12,640 | 63,357 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,441 | -1,591 | 0 | 0 | |||
| cash flow from financing | -54,080 | -114,231 | -186,593 | 459,600 | |||
| cash and cash equivalents | |||||||
| cash | 104,119 | -297,183 | 371,964 | 123,026 | 91,590 | -125,654 | 289,323 |
| overdraft | 5,208 | 57,292 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 98,911 | -354,475 | 371,964 | 123,026 | 91,590 | -125,654 | 289,323 |
P&L
February 2023turnover
4.8m
+13%
operating profit
-10.1k
0%
gross margin
41%
+1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
508.9k
-0.02%
total assets
1.8m
+0.05%
cash
557.2k
+0.23%
net assets
Total assets minus all liabilities
vexgold limited company details
company number
09960782
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
January 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit a 690 melton road, thurmaston, leicester, LE4 8BB
last accounts submitted
February 2023
vexgold 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 vexgold limited. Currently there are 1 open charges and 0 have been satisfied in the past.
vexgold limited Companies House Filings - See Documents
| date | description | view/download |
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