xtera topco limited
xtera topco limited Company Information
Company Number
10580604
Website
xtera.comRegistered Address
bates house church road, harold wood, essex, RM3 0SD
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01708335400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
h l g europe-neptune ltd 100%
xtera topco limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA TOPCO LIMITED at £7m based on a Turnover of £3.8m and 1.83x industry multiple (adjusted for size and gross margin).
xtera topco limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA TOPCO LIMITED at £0 based on an EBITDA of £-7.1m and a 6.83x industry multiple (adjusted for size and gross margin).
xtera topco limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA TOPCO LIMITED at £0 based on Net Assets of £-8.9m and 0.51x industry multiple (adjusted for liquidity).
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Xtera Topco Limited Overview
Xtera Topco Limited is a live company located in essex, RM3 0SD with a Companies House number of 10580604. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2017, it's largest shareholder is h l g europe-neptune ltd with a 100% stake. Xtera Topco Limited is a young, small sized company, Pomanda has estimated its turnover at £3.8m with declining growth in recent years.
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Xtera Topco Limited Health Check
Pomanda's financial health check has awarded Xtera Topco Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 10 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
10 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£18m)
£3.8m - Xtera Topco Limited
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.6%)
-18% - Xtera Topco Limited
6.6% - Industry AVG
Production
with a gross margin of 64.2%, this company has a lower cost of product (36.1%)
64.2% - Xtera Topco Limited
36.1% - Industry AVG
Profitability
an operating margin of -190.9% make it less profitable than the average company (5.2%)
-190.9% - Xtera Topco Limited
5.2% - Industry AVG
Employees
with 46 employees, this is below the industry average (106)
46 - Xtera Topco Limited
106 - Industry AVG
Pay Structure
on an average salary of £121.3k, the company has a higher pay structure (£42k)
£121.3k - Xtera Topco Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £83.1k, this is less efficient (£178.2k)
£83.1k - Xtera Topco Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 202 days, this is later than average (47 days)
202 days - Xtera Topco Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 793 days, this is slower than average (48 days)
793 days - Xtera Topco Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 1143 days, this is more than average (42 days)
1143 days - Xtera Topco Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Xtera Topco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.6%, this is a higher level of debt than the average (69.9%)
169.6% - Xtera Topco Limited
69.9% - Industry AVG
XTERA TOPCO LIMITED financials
Xtera Topco Limited's latest turnover from December 2022 is £3.8 million and the company has net assets of -£8.9 million. According to their latest financial statements, Xtera Topco Limited has 46 employees and maintains cash reserves of £670.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 3,823,162 | 40,799,702 | 17,601,453 | 7,015,807 | 34,851,772 | 12,700,887 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,368,264 | 27,924,882 | 8,947,696 | 2,633,824 | 20,180,190 | 5,978,201 |
| Gross Profit | 2,454,898 | 12,874,821 | 8,653,757 | 4,381,984 | 14,671,582 | 6,722,686 |
| Admin Expenses | 9,753,487 | 9,089,186 | 9,005,395 | 4,790,641 | 19,757,904 | 17,509,218 |
| Operating Profit | -7,298,589 | 3,785,635 | -351,638 | -408,657 | -5,086,322 | -10,786,532 |
| Interest Payable | 485,179 | 310,557 | 433,221 | 462,422 | 472,204 | 383,329 |
| Interest Receivable | 145 | 0 | 0 | 0 | 4,306 | 8,093 |
| Pre-Tax Profit | -7,927,564 | 4,031,666 | -1,491,573 | -528,049 | -6,396,520 | -9,530,528 |
| Tax | 689,999 | -61,418 | 757,176 | 72,690 | 128,938 | -287,414 |
| Profit After Tax | -7,237,565 | 3,970,247 | -734,397 | -455,359 | -6,267,581 | -9,817,942 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -7,237,565 | 3,970,247 | -734,397 | -455,359 | -6,267,581 | -9,817,942 |
| Employee Costs | 5,581,516 | 5,608,513 | 5,108,392 | 4,322,447 | 4,822,766 | 5,916,029 |
| Number Of Employees | 46 | 46 | 43 | 42 | 45 | 60 |
| EBITDA* | -7,053,041 | 4,048,380 | 435,757 | 270,002 | -4,309,377 | -9,925,893 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,350,976 | 4,899,427 | 5,076,033 | 2,968,799 | 2,575,168 | 2,720,283 |
| Intangible Assets | 398,851 | 398,851 | 514,543 | 841,817 | 1,371,151 | 1,820,012 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,272,883 | 2,157,706 | 2,104,576 | 841,541 | 0 | 0 |
| Total Fixed Assets | 4,694,223 | 3,147,899 | 3,767,124 | 2,988,421 | 3,946,319 | 4,540,295 |
| Stock & work in progress | 4,284,797 | 4,265,998 | 4,746,294 | 3,703,423 | 4,646,663 | 8,591,900 |
| Trade Debtors | 2,121,764 | 10,199,516 | 2,097,133 | 1,349,452 | 1,823,862 | 4,538,653 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,076,315 | 699,500 | 1,818,466 | 159,834 | 0 | 0 |
| Cash | 670,536 | 5,854,630 | 2,332,255 | 680,090 | 3,689,354 | 8,752,307 |
| misc current assets | 0 | 0 | 0 | 1,682,424 | 3,755,099 | 5,261,832 |
| total current assets | 8,153,413 | 21,019,646 | 10,994,150 | 7,575,225 | 13,914,978 | 27,144,693 |
| total assets | 12,847,636 | 24,167,545 | 14,761,274 | 10,563,646 | 17,861,297 | 31,684,988 |
| Bank overdraft | 1 | 1 | 1 | 1 | 0 | 1 |
| Bank loan | 7,179,323 | 5,651,527 | 6,258,935 | 4,506,796 | 4,857,792 | 1,548,945 |
| Trade Creditors | 2,975,441 | 4,333,712 | 3,594,825 | 2,539,812 | 10,281,100 | 3,007,426 |
| Group/Directors Accounts | 0 | 0 | 1 | 1 | 0 | 1 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 86,222 | 124,262 | 387,879 | 301,790 | 0 | 0 |
| other current liabilities | 6,601,427 | 11,382,080 | 5,734,394 | 2,729,345 | 2,926,925 | 16,602,965 |
| total current liabilities | 16,842,415 | 21,491,583 | 15,976,037 | 10,077,747 | 18,065,818 | 21,159,339 |
| loans | 6,348,854 | 4,530,826 | 5,434,952 | 6,073,819 | 3,588,776 | 13,200,480 |
| hp & lease commitments | 1,020,630 | 111,616 | 319,395 | 485,688 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,546,544 | 3,614,054 | 3,680,980 | 3,002,112 | 3,083,313 | 3,718,716 |
| total long term liabilities | 4,947,700 | 4,072,440 | 4,557,966 | 4,537,967 | 3,352,641 | 8,500,827 |
| total liabilities | 21,790,115 | 25,564,023 | 20,534,003 | 14,615,714 | 21,418,459 | 29,660,166 |
| net assets | -8,942,480 | -1,396,478 | -5,772,729 | -4,052,068 | -3,557,162 | 2,024,822 |
| total shareholders funds | -8,942,479 | -1,396,478 | -5,772,730 | -4,052,067 | -3,557,162 | 2,024,822 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -7,298,589 | 3,785,635 | -351,638 | -408,657 | -5,086,322 | -10,786,532 |
| Depreciation | 245,548 | 199,470 | 273,350 | 248,399 | 306,837 | 279,784 |
| Amortisation | 0 | 63,276 | 514,045 | 430,261 | 470,108 | 580,855 |
| Tax | 689,999 | -61,418 | 757,176 | 72,690 | 128,938 | -287,414 |
| Stock | 18,799 | -480,296 | 1,042,871 | -943,240 | -3,945,237 | 8,591,900 |
| Debtors | -7,585,760 | 7,036,547 | 3,669,348 | 526,966 | -2,714,792 | 4,538,653 |
| Creditors | -1,358,271 | 738,886 | 1,055,013 | -7,741,288 | 7,273,674 | 3,007,426 |
| Accruals and Deferred Income | -4,780,653 | 5,647,686 | 3,005,049 | -197,580 | -13,676,040 | 16,602,965 |
| Deferred Taxes & Provisions | -67,510 | -66,926 | 678,868 | -81,201 | -635,403 | 3,718,716 |
| Cash flow from operations | -5,002,515 | 3,750,358 | 1,219,644 | -7,261,102 | -4,558,179 | -14,753 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 1,527,796 | -607,408 | 1,752,139 | -350,996 | 3,308,847 | 1,548,945 |
| Group/Directors Accounts | 0 | -1 | 0 | 0 | 0 | 1 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,818,028 | -904,126 | -638,867 | 2,485,043 | -9,611,704 | 13,200,480 |
| Hire Purchase and Lease Commitments | 870,974 | -471,396 | -80,204 | 787,478 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -485,034 | -310,557 | -433,221 | -462,422 | -467,898 | -375,236 |
| cash flow from financing | 3,423,328 | -1,887,483 | -386,419 | 2,419,557 | -6,085,158 | 26,216,954 |
| cash and cash equivalents | ||||||
| cash | -5,184,094 | 3,522,375 | 1,652,165 | -3,009,264 | -5,062,953 | 8,752,307 |
| overdraft | 0 | 0 | 0 | 1 | -1 | 1 |
| change in cash | -5,184,094 | 3,522,375 | 1,652,165 | -3,009,265 | -5,062,952 | 8,752,306 |
xtera topco limited Credit Report and Business Information
Xtera Topco Limited Competitor Analysis
Perform a competitor analysis for xtera topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in RM3 area or any other competitors across 12 key performance metrics.
xtera topco limited Ownership
XTERA TOPCO LIMITED group structure
Xtera Topco Limited has 3 subsidiary companies.
Ultimate parent company
HIG EUROPE CAPITAL PARTNERS II LP
#0115479
H.I.G. EUROPE - NEPTUNE LTD
#0110019
2 parents
XTERA TOPCO LIMITED
10580604
3 subsidiaries
xtera topco limited directors
Xtera Topco Limited currently has 4 directors. The longest serving directors include Dr Stuart Barnes (Feb 2017) and Mr Leigh Frame (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Stuart Barnes | 71 years | Feb 2017 | - | Director | |
| Mr Leigh Frame | England | 64 years | Aug 2020 | - | Director |
| Mr Michael Pothitos | England | 36 years | Aug 2020 | - | Director |
| Mr John Harper | United Kingdom | 52 years | Dec 2021 | - | Director |
P&L
December 2022turnover
3.8m
-91%
operating profit
-7.3m
-293%
gross margin
64.3%
+103.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-8.9m
+5.4%
total assets
12.8m
-0.47%
cash
670.5k
-0.89%
net assets
Total assets minus all liabilities
Similar Companies
xtera topco limited company details
company number
10580604
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
January 2017
age
7
incorporated
UK
accounts
Group
ultimate parent company
previous names
neptune subsea acquisitions limited (April 2018)
last accounts submitted
December 2022
address
bates house church road, harold wood, essex, RM3 0SD
accountant
-
auditor
GRAN THORNTON UK LLP
xtera topco 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 4 charges/mortgages relating to xtera topco limited. Currently there are 4 open charges and 0 have been satisfied in the past.
xtera topco limited Companies House Filings - See Documents
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