axiom product development ltd
axiom product development ltd Company Information
Company Number
10407672
Website
www.axiompd.co.ukRegistered Address
units 3-5 manor park, pagham road, chichester, w sussex, PO20 1LJ
Industry
Machining
Telephone
01243785050
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
axiom product development holdings limited 100%
axiom product development ltd Estimated Valuation
Pomanda estimates the enterprise value of AXIOM PRODUCT DEVELOPMENT LTD at £502.2k based on a Turnover of £1m and 0.48x industry multiple (adjusted for size and gross margin).
axiom product development ltd Estimated Valuation
Pomanda estimates the enterprise value of AXIOM PRODUCT DEVELOPMENT LTD at £596k based on an EBITDA of £144.7k and a 4.12x industry multiple (adjusted for size and gross margin).
axiom product development ltd Estimated Valuation
Pomanda estimates the enterprise value of AXIOM PRODUCT DEVELOPMENT LTD at £68.7k based on Net Assets of £36.5k and 1.88x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Axiom Product Development Ltd Overview
Axiom Product Development Ltd is a live company located in chichester, PO20 1LJ with a Companies House number of 10407672. It operates in the machining sector, SIC Code 25620. Founded in October 2016, it's largest shareholder is axiom product development holdings limited with a 100% stake. Axiom Product Development Ltd is a young, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.
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Axiom Product Development Ltd Health Check
Pomanda's financial health check has awarded Axiom Product Development Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £1m, make it smaller than the average company (£8.9m)
- Axiom Product Development Ltd
£8.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (1.9%)
- Axiom Product Development Ltd
1.9% - Industry AVG
Production
with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)
- Axiom Product Development Ltd
27.5% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.4%)
- Axiom Product Development Ltd
6.4% - Industry AVG
Employees
with 12 employees, this is below the industry average (69)
12 - Axiom Product Development Ltd
69 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- Axiom Product Development Ltd
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £87.1k, this is less efficient (£125.3k)
- Axiom Product Development Ltd
£125.3k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (68 days)
- Axiom Product Development Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (51 days)
- Axiom Product Development Ltd
51 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (70 days)
- Axiom Product Development Ltd
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (10 weeks)
14 weeks - Axiom Product Development Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.1%, this is a higher level of debt than the average (48.6%)
96.1% - Axiom Product Development Ltd
48.6% - Industry AVG
AXIOM PRODUCT DEVELOPMENT LTD financials
Axiom Product Development Ltd's latest turnover from April 2023 is estimated at £1 million and the company has net assets of £36.5 thousand. According to their latest financial statements, Axiom Product Development Ltd has 12 employees and maintains cash reserves of £171.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Oct 2017 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| Number Of Employees | 12 | 12 | 12 | 14 | 14 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Oct 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 357,528 | 558,051 | 659,677 | 770,411 | 833,997 | 0 |
| Intangible Assets | 56,967 | 60,881 | 80,622 | 98,287 | 100,404 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 26,795 | 0 | 0 | 0 |
| Total Fixed Assets | 414,495 | 618,932 | 767,094 | 868,698 | 934,401 | 0 |
| Stock & work in progress | 30,059 | 19,900 | 19,226 | 10,020 | 3,850 | 0 |
| Trade Debtors | 253,625 | 205,486 | 228,316 | 192,163 | 246,594 | 0 |
| Group Debtors | 9,241 | 6,600 | 4,000 | 0 | 0 | 0 |
| Misc Debtors | 48,067 | 44,500 | 39,012 | 46,106 | 19,641 | 0 |
| Cash | 171,221 | 46,320 | 80,870 | 139,027 | 39,142 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 512,213 | 322,806 | 371,424 | 387,316 | 309,227 | 0 |
| total assets | 926,708 | 941,738 | 1,138,518 | 1,256,014 | 1,243,628 | 0 |
| Bank overdraft | 7,804 | 10,004 | 9,490 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 118,605 | 109,800 | 117,566 | 101,690 | 80,506 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 78,265 | 112,170 | 163,500 | 127,973 | 168,248 | 0 |
| other current liabilities | 396,020 | 287,988 | 371,607 | 375,682 | 190,818 | 0 |
| total current liabilities | 600,694 | 519,962 | 662,163 | 605,345 | 439,572 | 0 |
| loans | 42,447 | 40,620 | 40,510 | 0 | 0 | 0 |
| hp & lease commitments | 247,055 | 367,295 | 435,563 | 582,157 | 622,085 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 3,037 | 0 |
| total long term liabilities | 289,502 | 407,915 | 476,073 | 582,157 | 625,122 | 0 |
| total liabilities | 890,196 | 927,877 | 1,138,236 | 1,187,502 | 1,064,694 | 0 |
| net assets | 36,512 | 13,861 | 282 | 68,512 | 178,934 | 0 |
| total shareholders funds | 36,512 | 13,861 | 282 | 68,512 | 178,934 | 0 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Oct 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 97,676 | 113,916 | 123,178 | 140,477 | 73,079 | |
| Amortisation | 16,314 | 19,741 | 24,760 | 21,041 | 44,575 | |
| Tax | ||||||
| Stock | 10,159 | 674 | 9,206 | 6,170 | 3,850 | 0 |
| Debtors | 54,347 | -41,537 | 59,854 | -27,966 | 266,235 | 0 |
| Creditors | 8,805 | -7,766 | 15,876 | 21,184 | 80,506 | 0 |
| Accruals and Deferred Income | 108,032 | -83,619 | -4,075 | 184,864 | 190,818 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -3,037 | 3,037 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,827 | 110 | 40,510 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -154,145 | -119,598 | -111,067 | -80,203 | 790,333 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 124,901 | -34,550 | -58,157 | 99,885 | 39,142 | 0 |
| overdraft | -2,200 | 514 | 9,490 | 0 | 0 | 0 |
| change in cash | 127,101 | -35,064 | -67,647 | 99,885 | 39,142 | 0 |
axiom product development ltd Credit Report and Business Information
Axiom Product Development Ltd Competitor Analysis
Perform a competitor analysis for axiom product development ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
axiom product development ltd Ownership
AXIOM PRODUCT DEVELOPMENT LTD group structure
Axiom Product Development Ltd has no subsidiary companies.
Ultimate parent company
AXIOM PRODUCT DEVELOPMENT LTD
10407672
axiom product development ltd directors
Axiom Product Development Ltd currently has 5 directors. The longest serving directors include Mr Clive Johnson (Apr 2018) and Mr Michael Last (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clive Johnson | England | 53 years | Apr 2018 | - | Director |
| Mr Michael Last | United Kingdom | 55 years | Apr 2018 | - | Director |
| Mr Alan Rendle-Eames | England | 53 years | Jul 2018 | - | Director |
| Mrs Jane Turner | England | 57 years | Nov 2021 | - | Director |
| Mr Martin Gilbert | England | 52 years | Apr 2023 | - | Director |
P&L
April 2023turnover
1m
+13%
operating profit
30.7k
0%
gross margin
27.6%
-1.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
36.5k
+1.63%
total assets
926.7k
-0.02%
cash
171.2k
+2.7%
net assets
Total assets minus all liabilities
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axiom product development ltd company details
company number
10407672
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
October 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
tooling & component vfm limited (May 2018)
incorporated
UK
address
units 3-5 manor park, pagham road, chichester, w sussex, PO20 1LJ
last accounts submitted
April 2023
axiom product development 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 axiom product development ltd.
axiom product development ltd Companies House Filings - See Documents
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