Pomanda estimates the enterprise value of EARNIX UK LTD at £8.9m based on a Turnover of £8.6m and 1.04x industry multiple (adjusted for size and gross margin).
earnix uk ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of EARNIX UK LTD at £0 based on an EBITDA of £-286.3k and a 6.34x industry multiple (adjusted for size and gross margin).
earnix uk ltdEstimated Valuation
£3.5m
Pomanda estimates the enterprise value of EARNIX UK LTD at £3.5m based on Net Assets of £1.5m and 2.38x industry multiple (adjusted for liquidity).
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Earnix Uk LtdOverview
Earnix Uk Ltd is a live company located in london, N3 1LQ with a Companies House number of 09994593. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2016, it's largest shareholder is
earnix ltd
with a 100% stake. Earnix Uk Ltd is a young,
mid sized company, Pomanda has estimated its turnover at
£8.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Earnix Uk Ltd a 4 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
Health Rating4out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £8.6m, make it larger than the average company (£4.6m)
£8.6m - Earnix Uk Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.2%)
14% - Earnix Uk Ltd
10.2% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Earnix Uk Ltd
72% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (3.4%)
-3.5% - Earnix Uk Ltd
3.4% - Industry AVG
Employees
with 19 employees, this is below the industry average (42)
19 - Earnix Uk Ltd
42 - Industry AVG
Pay Structure
on an average salary of £71.7k, the company has an equivalent pay structure (£71.7k)
£71.7k - Earnix Uk Ltd
£71.7k - Industry AVG
Efficiency
resulting in sales per employee of £453k, this is more efficient (£122.3k)
£453k - Earnix Uk Ltd
£122.3k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (58 days)
100 days - Earnix Uk Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (41 days)
0 days - Earnix Uk Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Earnix Uk Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 26 weeks, this is more cash available to meet short term requirements (17 weeks)
26 weeks - Earnix Uk Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.6%, this is a higher level of debt than the average (63.1%)
70.6% - Earnix Uk Ltd
63.1% - Industry AVG
EARNIX UK LTD financials
EXPORT
Earnix Uk Ltd's latest turnover from December 2023 is estimated at £8.6 million and the company has net assets of £1.5 million. According to their latest financial statements, Earnix Uk Ltd has 19 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
8,607,561
7,893,965
18,231,948
5,805,595
4,242,565
525,627
99,500
10,000
Other Income Or Grants
Cost Of Sales
2,409,966
2,256,822
4,926,112
3,960,145
2,600,075
27,388
2,772
Gross Profit
6,197,595
5,637,142
13,305,836
1,845,450
1,642,490
525,627
72,112
7,228
Admin Expenses
6,496,500
5,114,119
13,258,494
1,667,038
1,512,946
509,858
69,127
6,928
Operating Profit
-298,905
523,023
47,342
178,412
129,544
15,769
2,985
300
Interest Payable
111,613
603
Interest Receivable
143,365
98,534
7,550
250,358
Pre-Tax Profit
-155,540
621,557
54,891
428,770
17,931
18,490
1,303
-303
Tax
-118,096
-10,429
-82,209
-8,446
-4,681
-554
Profit After Tax
-155,540
503,461
44,462
346,561
9,485
13,809
749
-303
Dividends Paid
Retained Profit
-155,540
503,461
44,462
346,561
9,485
13,809
749
-303
Employee Costs
1,361,902
1,293,658
1,014,181
421,597
372,333
184,780
177,810
113,712
Number Of Employees
19
19
16
7
6
3
3
2
EBITDA*
-286,253
534,912
55,120
181,175
131,607
17,140
4,090
720
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
13,117
21,058
20,568
13,237
3,348
2,222
1,789
1,954
Intangible Assets
Investments & Other
762
Debtors (Due After 1 year)
Total Fixed Assets
13,117
21,058
20,568
13,237
3,348
2,984
1,789
1,954
Stock & work in progress
Trade Debtors
2,368,063
2,246,390
5,483,339
3,177,319
1,491,187
1,517,313
5,543
14,806
Group Debtors
483,557
486,212
15,320
Misc Debtors
398,381
402,141
251,141
260,112
150,820
17,197
50,600
154,147
Cash
1,794,841
3,666,673
1,963,836
4,075,820
3,982,537
557,092
26,204
259,601
misc current assets
total current assets
5,044,842
6,315,204
7,698,316
7,513,251
5,624,544
2,577,814
97,667
428,554
total assets
5,057,959
6,336,262
7,718,884
7,526,488
5,627,892
2,580,798
99,456
430,508
Bank overdraft
Bank loan
Trade Creditors
132
33,348
2,683
10,974
49,703
13,881
61,777
192,200
Group/Directors Accounts
255,590
1,620,613
2,492,350
2,122,304
2,143
145,005
other short term finances
hp & lease commitments
other current liabilities
3,565,374
4,524,749
5,147,850
4,628,312
3,412,819
2,544,063
37,232
93,605
total current liabilities
3,565,506
4,813,687
6,771,146
7,131,636
5,584,826
2,560,087
99,009
430,810
loans
hp & lease commitments
Accruals and Deferred Income
15,776
other liabilities
provisions
3,279
total long term liabilities
3,279
15,776
total liabilities
3,568,785
4,829,463
6,771,146
7,131,636
5,584,826
2,560,087
99,009
430,810
net assets
1,489,174
1,506,799
947,738
394,852
43,066
20,711
447
-302
total shareholders funds
1,489,174
1,506,799
947,738
394,852
43,066
20,711
447
-302
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
-298,905
523,023
47,342
178,412
129,544
15,769
2,985
300
Depreciation
12,652
11,889
7,778
2,763
2,063
1,371
1,105
420
Amortisation
Tax
-118,096
-10,429
-82,209
-8,446
-4,681
-554
Stock
Debtors
601,470
-3,085,949
2,297,049
1,795,424
-378,715
1,949,259
-97,490
168,953
Creditors
-33,216
30,665
-8,291
-38,729
35,822
-47,896
-130,423
192,200
Accruals and Deferred Income
-975,151
-607,325
519,538
1,215,493
868,756
2,506,831
-56,373
93,605
Deferred Taxes & Provisions
3,279
Cash flow from operations
-1,892,811
2,926,105
-1,741,111
-519,694
1,406,454
522,135
-85,770
117,572
Investing Activities
capital expenditure
-4,711
-12,379
-15,109
-12,652
-3,189
-1,804
-940
-2,374
Change in Investments
-762
762
cash flow from investments
-4,711
-12,379
-15,109
-12,652
-2,427
-2,566
-940
-2,374
Financing Activities
Bank loans
Group/Directors Accounts
-255,590
-1,365,023
-871,737
370,046
2,120,161
2,143
-145,005
145,005
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
137,915
55,600
508,424
5,225
12,870
6,455
1
interest
143,365
98,534
7,550
250,358
-111,613
-603
cash flow from financing
25,690
-1,210,889
-355,763
625,629
2,021,418
8,598
-145,005
144,403
cash and cash equivalents
cash
-1,871,832
1,702,837
-2,111,984
93,283
3,425,445
530,888
-233,397
259,601
overdraft
change in cash
-1,871,832
1,702,837
-2,111,984
93,283
3,425,445
530,888
-233,397
259,601
earnix uk ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for earnix uk ltd. Get real-time insights into earnix uk ltd's credit score, group structure and payment trends.
Perform a competitor analysis for earnix uk ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in N 3 area or any other competitors across 12 key performance metrics.
earnix uk ltd Ownership
EARNIX UK LTD group structure
Earnix Uk Ltd has no subsidiary companies.
Ultimate parent company
EARNIX UK LTD
09994593
EARNIX UK LTD Shareholders
The sole shareholder of Earnix Uk Ltd is Earnix Ltd.
earnix ltd
100%
earnix uk ltd directors
Earnix Uk Ltd currently has 2 directors.
The longest serving directors include
Mrs Ronit Maor (Sep 2017) and
Mr Robin Gilthorpe (Feb 2023).
62012 - Business and domestic software development
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
LEVY COHEN & CO
address
5.2 central house, 1 ballards lane, london, N3 1LQ
Bank
-
Legal Advisor
-
earnix uk ltd 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 3 charges/mortgages relating to earnix uk ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
earnix uk ltd 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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earnix uk ltdCompanies House Filings - See Documents
