locumtap ltd
locumtap ltd Company Information
Company Number
10359095
Next Accounts
Sep 2025
Shareholders
pw sky limited
mnl nominees limited
View AllGroup Structure
View All
Industry
Computer consultancy activities
Registered Address
canvas building 35 luke street, london, EC2A 4LH
Website
-locumtap ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCUMTAP LTD at £3.6m based on a Turnover of £3.8m and 0.95x industry multiple (adjusted for size and gross margin).
locumtap ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCUMTAP LTD at £0 based on an EBITDA of £-8.1m and a 6.72x industry multiple (adjusted for size and gross margin).
locumtap ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCUMTAP LTD at £8.3m based on Net Assets of £3.6m and 2.29x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Locumtap Ltd Overview
Locumtap Ltd is a live company located in london, EC2A 4LH with a Companies House number of 10359095. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2016, it's largest shareholder is pw sky limited with a 44.1% stake. Locumtap Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.8m with high growth in recent years.
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Locumtap Ltd Health Check
Pomanda's financial health check has awarded Locumtap Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £3.8m, make it in line with the average company (£3.2m)
£3.8m - Locumtap Ltd
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.5%)
- Locumtap Ltd
8.5% - Industry AVG
Production
with a gross margin of 75.4%, this company has a lower cost of product (45.5%)
75.4% - Locumtap Ltd
45.5% - Industry AVG
Profitability
an operating margin of -221.9% make it less profitable than the average company (5.8%)
-221.9% - Locumtap Ltd
5.8% - Industry AVG
Employees
with 96 employees, this is above the industry average (21)
96 - Locumtap Ltd
21 - Industry AVG
Pay Structure
on an average salary of £76.7k, the company has a higher pay structure (£63.2k)
£76.7k - Locumtap Ltd
£63.2k - Industry AVG
Efficiency
resulting in sales per employee of £39.4k, this is less efficient (£138.6k)
£39.4k - Locumtap Ltd
£138.6k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (61 days)
109 days - Locumtap Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 155 days, this is slower than average (28 days)
155 days - Locumtap Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Locumtap Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (16 weeks)
53 weeks - Locumtap Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.8%, this is a lower level of debt than the average (58.8%)
22.8% - Locumtap Ltd
58.8% - Industry AVG
LOCUMTAP LTD financials
Locumtap Ltd's latest turnover from December 2023 is £3.8 million and the company has net assets of £3.6 million. According to their latest financial statements, Locumtap Ltd has 96 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 3,787,165 | 3,260,425 | 2,143,528 | ||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 930,010 | 933,510 | 634,789 | ||||
| Gross Profit | 2,857,155 | 2,326,915 | 1,508,739 | ||||
| Admin Expenses | 11,261,298 | 9,074,225 | 4,559,255 | ||||
| Operating Profit | -8,404,143 | -6,747,310 | -3,050,516 | ||||
| Interest Payable | |||||||
| Interest Receivable | 37,990 | 12,517 | 241 | ||||
| Pre-Tax Profit | -8,366,153 | -6,734,793 | -3,050,275 | ||||
| Tax | 1,237,572 | 754,330 | |||||
| Profit After Tax | -8,366,153 | -5,497,221 | -2,295,945 | ||||
| Dividends Paid | |||||||
| Retained Profit | -8,366,153 | -5,497,221 | -2,295,945 | ||||
| Employee Costs | 7,365,979 | 5,427,137 | 3,146,402 | ||||
| Number Of Employees | 96 | 99 | 67 | 34 | 15 | 6 | 3 |
| EBITDA* | -8,092,922 | -6,491,039 | -2,900,238 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,998 | 25,596 | 58,071 | 34,866 | 16,872 | 8,879 | 945 |
| Intangible Assets | 2,143,136 | 2,432,916 | 1,483,746 | 770,002 | 339,941 | 206,735 | 67,826 |
| Investments & Other | |||||||
| Debtors (Due After 1 year) | 13,453 | ||||||
| Total Fixed Assets | 2,172,134 | 2,458,512 | 1,555,270 | 804,868 | 356,813 | 215,614 | 68,771 |
| Stock & work in progress | |||||||
| Trade Debtors | 1,137,216 | 706,355 | 593,137 | 361,483 | 116,108 | ||
| Group Debtors | |||||||
| Misc Debtors | 316,875 | 1,576,139 | 1,646,945 | 809,551 | 678,720 | 161,635 | 23,217 |
| Cash | 1,096,330 | 7,581,401 | 1,918,718 | 1,192,381 | 452,749 | 557,130 | 6,206 |
| misc current assets | |||||||
| total current assets | 2,550,421 | 9,863,895 | 4,158,800 | 2,363,415 | 1,247,577 | 718,765 | 29,423 |
| total assets | 4,722,555 | 12,322,407 | 5,714,070 | 3,168,283 | 1,604,390 | 934,379 | 98,194 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 396,077 | 178,417 | 191,942 | 12,573 | 46,563 | 28,820 | 65 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 678,444 | 633,967 | 415,103 | 186,147 | 79,012 | 2,106 | 6,000 |
| total current liabilities | 1,074,521 | 812,384 | 607,045 | 198,720 | 125,575 | 30,926 | 6,065 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 1,074,521 | 812,384 | 607,045 | 198,720 | 125,575 | 30,926 | 6,065 |
| net assets | 3,648,034 | 11,510,023 | 5,107,025 | 2,969,563 | 1,478,815 | 903,453 | 92,129 |
| total shareholders funds | 3,648,034 | 11,510,023 | 5,107,025 | 2,969,563 | 1,478,815 | 903,453 | 92,129 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -8,404,143 | -6,747,310 | -3,050,516 | ||||
| Depreciation | 21,441 | 29,109 | 28,025 | 18,391 | 5,390 | 2,146 | 51 |
| Amortisation | 289,780 | 227,162 | 122,253 | 73,238 | 29,219 | 13,010 | |
| Tax | 1,237,572 | 754,330 | |||||
| Stock | |||||||
| Debtors | -828,403 | 28,959 | 1,082,501 | 376,206 | 633,193 | 138,418 | 23,217 |
| Creditors | 217,660 | -13,525 | 179,369 | -33,990 | 17,743 | 28,755 | 65 |
| Accruals and Deferred Income | 44,477 | 218,864 | 228,956 | 107,135 | 76,906 | -3,894 | 6,000 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -7,002,382 | -5,077,087 | -2,820,084 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 37,990 | 12,517 | 241 | ||||
| cash flow from financing | 542,154 | 11,912,736 | 4,433,648 | ||||
| cash and cash equivalents | |||||||
| cash | -6,485,071 | 5,662,683 | 726,337 | 739,632 | -104,381 | 550,924 | 6,206 |
| overdraft | |||||||
| change in cash | -6,485,071 | 5,662,683 | 726,337 | 739,632 | -104,381 | 550,924 | 6,206 |
locumtap ltd Credit Report and Business Information
Locumtap Ltd Competitor Analysis
Perform a competitor analysis for locumtap ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
locumtap ltd Ownership
LOCUMTAP LTD group structure
Locumtap Ltd has no subsidiary companies.
Ultimate parent company
LOCUMTAP LTD
10359095
locumtap ltd directors
Locumtap Ltd currently has 6 directors. The longest serving directors include Dr Anas Nader (Sep 2016) and Dr Jing Ouyang (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Anas Nader | England | 40 years | Sep 2016 | - | Director |
| Dr Jing Ouyang | United Kingdom | 34 years | Sep 2016 | - | Director |
| Mrs Anca Babor | England | 47 years | Oct 2018 | - | Director |
| Mr Martin Le Huray | United Kingdom | 54 years | Aug 2022 | - | Director |
| Mr Gavin Lyons | England | 47 years | Nov 2023 | - | Director |
| Mr Mark Horncastle | England | 52 years | May 2024 | - | Director |
P&L
December 2023turnover
3.8m
+16%
operating profit
-8.4m
+25%
gross margin
75.5%
+5.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.6m
-0.68%
total assets
4.7m
-0.62%
cash
1.1m
-0.86%
net assets
Total assets minus all liabilities
Similar Companies
locumtap ltd company details
company number
10359095
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
canvas building 35 luke street, london, EC2A 4LH
Bank
-
Legal Advisor
-
locumtap 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 did not find charges/mortgages relating to locumtap ltd.
locumtap 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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locumtap ltd Companies House Filings - See Documents
| date | description | view/download |
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