xtera limited
xtera limited Company Information
Company Number
10591225
Website
www.xtera.comRegistered Address
bates house church road, harold wood, essex, RM3 0SD
Industry
Other telecommunications activities
Telephone
01708335400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
neptune subsea acquisitions limited 100%
xtera limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA LIMITED at £2.6m based on a Turnover of £1.7m and 1.59x industry multiple (adjusted for size and gross margin).
xtera limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA LIMITED at £0 based on an EBITDA of £-2.3m and a 5.7x industry multiple (adjusted for size and gross margin).
xtera limited Estimated Valuation
Pomanda estimates the enterprise value of XTERA LIMITED at £999k based on Net Assets of £940.6k and 1.06x industry multiple (adjusted for liquidity).
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Xtera Limited Overview
Xtera Limited is a live company located in essex, RM3 0SD with a Companies House number of 10591225. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in January 2017, it's largest shareholder is neptune subsea acquisitions limited with a 100% stake. Xtera Limited is a young, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.
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Xtera Limited Health Check
Pomanda's financial health check has awarded Xtera Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
9 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£12.4m)
£1.7m - Xtera Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (3.5%)
-29% - Xtera Limited
3.5% - Industry AVG
Production
with a gross margin of 92.7%, this company has a lower cost of product (38.8%)
92.7% - Xtera Limited
38.8% - Industry AVG
Profitability
an operating margin of -140.3% make it less profitable than the average company (4.1%)
-140.3% - Xtera Limited
4.1% - Industry AVG
Employees
with 23 employees, this is below the industry average (51)
23 - Xtera Limited
51 - Industry AVG
Pay Structure
on an average salary of £94.1k, the company has a higher pay structure (£60.9k)
£94.1k - Xtera Limited
£60.9k - Industry AVG
Efficiency
resulting in sales per employee of £71.8k, this is less efficient (£228.4k)
£71.8k - Xtera Limited
£228.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Xtera Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 3091 days, this is slower than average (44 days)
3091 days - Xtera Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 356 days, this is more than average (11 days)
356 days - Xtera Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Xtera Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.7%, this is a higher level of debt than the average (65.9%)
94.7% - Xtera Limited
65.9% - Industry AVG
XTERA LIMITED financials
Xtera Limited's latest turnover from December 2022 is £1.7 million and the company has net assets of £940.6 thousand. According to their latest financial statements, Xtera Limited has 23 employees and maintains cash reserves of £173.8 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 | 1,651,268 | 41,239,766 | 12,142,961 | 4,566,390 | 8,972,358 | 1,202,426 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 121,410 | 29,767,470 | 7,468,174 | 1,205,507 | 3,179,967 | 2,816 |
| Gross Profit | 1,529,858 | 11,472,296 | 4,674,787 | 3,360,883 | 5,792,392 | 1,199,610 |
| Admin Expenses | 3,847,314 | 7,698,144 | 4,089,273 | 2,736,579 | 3,638,499 | 6,561,974 |
| Operating Profit | -2,317,456 | 3,774,152 | 585,514 | 624,304 | 2,153,893 | -5,362,364 |
| Interest Payable | 0 | 0 | 16,257 | 48,506 | 155,334 | 0 |
| Interest Receivable | 78,621 | 17,830 | 0 | 0 | 121 | 413 |
| Pre-Tax Profit | -2,357,499 | 4,383,650 | -67,516 | 558,276 | 1,578,384 | -3,086,280 |
| Tax | 332,118 | -595,818 | -1,727 | -117,885 | -133,224 | 378,988 |
| Profit After Tax | -2,025,381 | 3,787,832 | -69,243 | 440,391 | 1,445,160 | -2,707,292 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,025,381 | 3,787,832 | -69,243 | 440,391 | 1,445,160 | -2,707,292 |
| Employee Costs | 2,163,261 | 2,517,131 | 2,073,811 | 1,680,930 | 2,019,081 | 2,840,410 |
| Number Of Employees | 23 | 23 | 25 | 25 | 25 | 33 |
| EBITDA* | -2,261,032 | 3,820,065 | 632,736 | 654,949 | 2,190,926 | -5,335,368 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 118,879 | 198,895 | 151,934 | 74,579 | 1,110,328 | 1,012,420 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 197,393 | 8,736 | 281,124 | 7,034 | 0 | 0 |
| Total Fixed Assets | 316,272 | 207,631 | 433,059 | 81,614 | 1,110,328 | 1,012,420 |
| Stock & work in progress | 118,633 | 155,475 | 41,126 | 47,379 | 42,130 | 2,899,442 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 15,353,848 | 14,716,190 | 11,283,999 | 0 | 6,769,214 | 443,718 |
| Misc Debtors | 1,739,666 | 10,781,955 | 1,729,599 | 1,338,088 | 285,704 | 164,378 |
| Cash | 173,757 | 4,086,237 | 1,486,610 | 331,417 | 301,991 | 87,283 |
| misc current assets | 0 | 0 | 0 | 0 | 101,976 | 489,426 |
| total current assets | 17,385,905 | 29,739,858 | 14,541,335 | 1,716,885 | 7,501,018 | 4,084,248 |
| total assets | 17,702,177 | 29,947,489 | 14,974,394 | 1,798,498 | 8,611,346 | 5,096,668 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,028,388 | 3,631,804 | 2,186,632 | 492,433 | 174,167 | 187,285 |
| Group/Directors Accounts | 11,914,258 | 12,563,594 | 9,462,813 | 703,186 | 0 | 1 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,818,888 | 10,147,205 | 3,263,452 | 501,272 | 8,773,173 | 6,350,756 |
| total current liabilities | 16,761,535 | 26,342,604 | 14,912,897 | 1,696,891 | 8,947,340 | 6,538,043 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 8,968 | 21,654 | 0 | 0 | 498,241 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 8,969 | 21,655 | 0 | 0 | 498,241 |
| total liabilities | 16,761,535 | 26,351,573 | 14,934,552 | 1,696,891 | 8,947,340 | 7,036,284 |
| net assets | 940,642 | 3,595,916 | 39,842 | 101,607 | -335,994 | -1,939,616 |
| total shareholders funds | 940,642 | 3,595,916 | 39,842 | 101,607 | -335,994 | -1,939,617 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -2,317,456 | 3,774,152 | 585,514 | 624,304 | 2,153,893 | -5,362,364 |
| Depreciation | 56,424 | 45,913 | 47,223 | 30,645 | 37,033 | 26,996 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 332,118 | -595,818 | -1,727 | -117,885 | -133,224 | 378,988 |
| Stock | -36,842 | 114,349 | -6,253 | 5,249 | -2,857,312 | 2,899,442 |
| Debtors | -8,215,974 | 12,212,160 | 11,949,600 | -5,709,797 | 6,446,823 | 608,096 |
| Creditors | -2,603,416 | 1,445,172 | 1,694,199 | 318,266 | -13,119 | 187,285 |
| Accruals and Deferred Income | -6,328,317 | 6,883,753 | 2,762,180 | -8,271,901 | 2,422,417 | 6,350,756 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,607,831 | -773,337 | -6,855,958 | -1,712,023 | 877,489 | -1,925,877 |
| 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 | -649,336 | 3,100,782 | 8,759,627 | 703,186 | -1 | 1 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -8,968 | -12,686 | 21,654 | 0 | -498,241 | 498,241 |
| share issue | ||||||
| interest | 78,621 | 17,830 | -16,257 | -48,506 | -155,213 | 413 |
| cash flow from financing | -1,209,576 | 2,874,168 | 8,772,502 | 651,890 | -494,992 | 1,266,330 |
| cash and cash equivalents | ||||||
| cash | -3,912,480 | 2,599,627 | 1,155,193 | 29,426 | 214,708 | 87,283 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,912,480 | 2,599,627 | 1,155,193 | 29,426 | 214,708 | 87,283 |
xtera limited Credit Report and Business Information
Xtera Limited Competitor Analysis
Perform a competitor analysis for xtera limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in RM3 area or any other competitors across 12 key performance metrics.
xtera limited Ownership
XTERA LIMITED group structure
Xtera Limited has no subsidiary companies.
Ultimate parent company
HIG EUROPE CAPITAL PARTNERS II LP
#0115479
2 parents
XTERA LIMITED
10591225
xtera limited directors
Xtera Limited currently has 2 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 |
P&L
December 2022turnover
1.7m
-96%
operating profit
-2.3m
-161%
gross margin
92.7%
+233.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
940.6k
-0.74%
total assets
17.7m
-0.41%
cash
173.8k
-0.96%
net assets
Total assets minus all liabilities
xtera limited company details
company number
10591225
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
January 2017
age
7
incorporated
UK
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
neptune subsea communications limited (April 2018)
last accounts submitted
December 2022
address
bates house church road, harold wood, essex, RM3 0SD
accountant
-
auditor
-
xtera 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 did not find charges/mortgages relating to xtera limited.
xtera limited Companies House Filings - See Documents
| date | description | view/download |
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