lxi limited
lxi limited Company Information
Company Number
10535081
Next Accounts
Dec 2025
Industry
Activities of real estate investment trusts
Shareholders
londonmetric property plc
Group Structure
View All
Contact
Registered Address
one curzon street, london, W1J 5HB
Website
www.lxireit.comlxi limited Estimated Valuation
Pomanda estimates the enterprise value of LXI LIMITED at £1.6b based on a Turnover of £254m and 6.41x industry multiple (adjusted for size and gross margin).
lxi limited Estimated Valuation
Pomanda estimates the enterprise value of LXI LIMITED at £0 based on an EBITDA of £-48.3m and a 14.46x industry multiple (adjusted for size and gross margin).
lxi limited Estimated Valuation
Pomanda estimates the enterprise value of LXI LIMITED at £3.1b based on Net Assets of £1.8b and 1.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lxi Limited Overview
Lxi Limited is a live company located in london, W1J 5HB with a Companies House number of 10535081. It operates in the activities of real estate investment trusts sector, SIC Code 64306. Founded in December 2016, it's largest shareholder is londonmetric property plc with a 100% stake. Lxi Limited is a young, mega sized company, Pomanda has estimated its turnover at £254m with rapid growth in recent years.
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Lxi Limited Health Check
Pomanda's financial health check has awarded Lxi Limited a 4 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 £254m, make it larger than the average company (£2m)
£254m - Lxi Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (6.5%)
81% - Lxi Limited
6.5% - Industry AVG
Production
with a gross margin of 98%, this company has a lower cost of product (76.2%)
98% - Lxi Limited
76.2% - Industry AVG
Profitability
an operating margin of -19% make it less profitable than the average company (28.8%)
-19% - Lxi Limited
28.8% - Industry AVG
Employees
with 646 employees, this is above the industry average (4)
- Lxi Limited
4 - Industry AVG
Pay Structure
on an average salary of £56.3k, the company has an equivalent pay structure (£56.3k)
- Lxi Limited
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £393.2k, this is equally as efficient (£393.6k)
- Lxi Limited
£393.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (33 days)
12 days - Lxi Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 465 days, this is slower than average (44 days)
465 days - Lxi Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lxi Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (18 weeks)
5 weeks - Lxi Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.6%, this is a higher level of debt than the average (36%)
43.6% - Lxi Limited
36% - Industry AVG
LXI LIMITED financials
Lxi Limited's latest turnover from March 2024 is £254 million and the company has net assets of £1.8 billion. According to their latest financial statements, we estimate that Lxi Limited has 646 employees and maintains cash reserves of £53.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 254,000,000 | 203,500,000 | 58,500,000 | 42,800,000 | 38,500,000 | 21,600,000 | 9,339,000 | 200,342 |
| Other Income Or Grants | 0 | 0 | 0 | |||||
| Cost Of Sales | 5,100,000 | 5,300,000 | 0 | |||||
| Gross Profit | 248,900,000 | 198,200,000 | 58,500,000 | |||||
| Admin Expenses | 297,200,000 | 406,100,000 | -109,600,000 | |||||
| Operating Profit | -48,300,000 | -207,900,000 | 168,100,000 | 43,300,000 | 78,400,000 | 37,300,000 | 22,074,000 | 218,805 |
| Interest Payable | 88,900,000 | 54,000,000 | 6,800,000 | 5,300,000 | 5,000,000 | 3,300,000 | 1,151,000 | 1,339 |
| Interest Receivable | 400,000 | 0 | 0 | 0 | 200,000 | 100,000 | 43,000 | 46 |
| Pre-Tax Profit | -155,800,000 | -287,100,000 | 161,300,000 | 39,900,000 | 73,600,000 | 34,100,000 | 20,966,000 | 217,512 |
| Tax | -600,000 | -1,000,000 | 700,000 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -156,400,000 | -288,100,000 | 162,000,000 | 39,900,000 | 73,600,000 | 34,100,000 | 20,966,000 | 217,512 |
| Dividends Paid | 111,900,000 | 94,600,000 | 41,100,000 | 28,800,000 | 25,000,000 | 14,200,000 | 0 | 0 |
| Retained Profit | -268,300,000 | -382,700,000 | 120,900,000 | 11,100,000 | 48,600,000 | 19,900,000 | 17,028,000 | 217,512 |
| Employee Costs | 83,042 | |||||||
| Number Of Employees | ||||||||
| EBITDA* | -48,300,000 | -207,900,000 | 168,100,000 | 43,300,000 | 78,400,000 | 37,300,000 | 22,074,000 | 218,805 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,179,000,000 | 3,599,100,000 | 1,480,100,000 | 887,900,000 | 809,700,000 | 511,500,000 | 255,178,000 | 80,632,777 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,178,900,000 | 3,598,900,000 | 1,480,100,000 | 887,500,000 | 809,700,000 | 511,500,000 | 255,178,000 | 80,632,777 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 400,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,179,000,000 | 3,599,100,000 | 1,480,100,000 | 887,900,000 | 809,700,000 | 511,500,000 | 255,178,000 | 80,632,777 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,700,000 | 8,600,000 | 0 | 0 | 0 | 0 | 1,130,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,395,030 |
| Misc Debtors | 15,000,000 | 11,300,000 | 20,100,000 | 13,700,000 | 10,100,000 | 4,800,000 | 4,494,000 | 23,063 |
| Cash | 53,400,000 | 74,400,000 | 72,500,000 | 87,100,000 | 13,400,000 | 62,600,000 | 48,663,000 | 6,875,480 |
| misc current assets | 0 | 2,600,000 | 1,200,000 | 1,400,000 | 500,000 | 1,200,000 | 1,274,000 | 0 |
| total current assets | 77,100,000 | 129,200,000 | 112,800,000 | 102,200,000 | 24,000,000 | 68,600,000 | 55,561,000 | 55,293,573 |
| total assets | 3,256,100,000 | 3,728,300,000 | 1,592,900,000 | 990,100,000 | 833,700,000 | 580,100,000 | 310,739,000 | 135,926,350 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 3,500,000 | 508,700,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,500,000 | 19,400,000 | 17,900,000 | 7,800,000 | 5,000,000 | 1,800,000 | 1,324,000 | 105,940 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 18,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 461,100,000 | 63,200,000 | 20,400,000 | 10,500,000 | 11,100,000 | 7,200,000 | 3,895,000 | 215,898 |
| total current liabilities | 471,100,000 | 591,300,000 | 38,600,000 | 18,300,000 | 16,100,000 | 9,000,000 | 5,237,000 | 321,838 |
| loans | 1,393,000,000 | 1,547,000,000 | 505,000,000 | 373,200,000 | 339,200,000 | 334,600,000 | 187,042,000 | 0 |
| hp & lease commitments | 39,100,000 | 43,700,000 | 12,500,000 | 0 | 3,500,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 253,300,000 | 255,400,000 | 1,100,000 | 3,800,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 949,800,000 | 1,028,900,000 | 253,600,000 | 190,400,000 | 169,600,000 | 167,300,000 | 93,521,000 | 0 |
| total liabilities | 1,420,900,000 | 1,620,200,000 | 292,200,000 | 208,700,000 | 185,700,000 | 176,300,000 | 98,758,000 | 321,838 |
| net assets | 1,835,200,000 | 2,108,100,000 | 1,300,700,000 | 781,400,000 | 648,000,000 | 403,800,000 | 211,981,000 | 135,604,512 |
| total shareholders funds | 1,835,200,000 | 2,108,100,000 | 1,300,700,000 | 781,400,000 | 648,000,000 | 403,800,000 | 211,981,000 | 135,604,512 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -48,300,000 | -207,900,000 | 168,100,000 | 43,300,000 | 78,400,000 | 37,300,000 | 22,074,000 | 218,805 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -600,000 | -1,000,000 | 700,000 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,800,000 | -200,000 | 6,000,000 | 4,000,000 | 5,300,000 | -824,000 | -42,794,093 | 48,418,093 |
| Creditors | -12,900,000 | 1,500,000 | 10,100,000 | 2,800,000 | 3,200,000 | 476,000 | 1,218,060 | 105,940 |
| Accruals and Deferred Income | 397,900,000 | 42,800,000 | 9,900,000 | -600,000 | 3,900,000 | 3,305,000 | 3,679,102 | 215,898 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 332,300,000 | -164,400,000 | 182,800,000 | 41,500,000 | 80,200,000 | 41,905,000 | 69,765,255 | -47,877,450 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -420,000,000 | 2,118,800,000 | 592,600,000 | 77,800,000 | 298,200,000 | 256,322,000 | 174,545,223 | 80,632,777 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -505,200,000 | 508,700,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -18,000 | 18,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -154,000,000 | 1,042,000,000 | 131,800,000 | 34,000,000 | 4,600,000 | 147,558,000 | 187,042,000 | 0 |
| Hire Purchase and Lease Commitments | -4,600,000 | 30,900,000 | 12,800,000 | -3,500,000 | 3,500,000 | 0 | 0 | 0 |
| other long term liabilities | -2,100,000 | 254,300,000 | -2,700,000 | 3,800,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -88,500,000 | -54,000,000 | -6,800,000 | -5,300,000 | -4,800,000 | -3,200,000 | -1,108,000 | -1,293 |
| cash flow from financing | -759,000,000 | 2,972,000,000 | 533,500,000 | 151,300,000 | 198,900,000 | 316,259,000 | 245,300,488 | 135,385,707 |
| cash and cash equivalents | ||||||||
| cash | -21,000,000 | 1,900,000 | -14,600,000 | 73,700,000 | -49,200,000 | 13,937,000 | 41,787,520 | 6,875,480 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -21,000,000 | 1,900,000 | -14,600,000 | 73,700,000 | -49,200,000 | 13,937,000 | 41,787,520 | 6,875,480 |
lxi limited Credit Report and Business Information
Lxi Limited Competitor Analysis
Perform a competitor analysis for lxi limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1J area or any other competitors across 12 key performance metrics.
lxi limited Ownership
LXI LIMITED group structure
Lxi Limited has 7 subsidiary companies.
Ultimate parent company
1 parent
LXI LIMITED
10535081
7 subsidiaries
lxi limited directors
Lxi Limited currently has 4 directors. The longest serving directors include Mr Andrew Jones (Mar 2024) and Mr Valentine Beresford (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Jones | England | 56 years | Mar 2024 | - | Director |
| Mr Valentine Beresford | Scotland | 59 years | Mar 2024 | - | Director |
| Mr Martin McGann | 64 years | Mar 2024 | - | Director | |
| Mr Mark Stirling | England | 63 years | Mar 2024 | - | Director |
P&L
March 2024turnover
254m
+25%
operating profit
-48.3m
-77%
gross margin
98%
+0.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.8b
-0.13%
total assets
3.3b
-0.13%
cash
53.4m
-0.28%
net assets
Total assets minus all liabilities
lxi limited company details
company number
10535081
Type
Private limited with Share Capital
industry
64306 - Activities of real estate investment trusts
incorporation date
December 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
lxi reit plc (April 2024)
accountant
-
auditor
BDO LLP
address
one curzon street, london, W1J 5HB
Bank
-
Legal Advisor
-
lxi 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 10 charges/mortgages relating to lxi limited. Currently there are 7 open charges and 3 have been satisfied in the past.
lxi 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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lxi limited Companies House Filings - See Documents
| date | description | view/download |
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