Pomanda estimates the enterprise value of X R GAMES LIMITED at £6.1m based on a Turnover of £7.6m and 0.81x industry multiple (adjusted for size and gross margin).
x r games limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of X R GAMES LIMITED at £0 based on an EBITDA of £-1.7m and a 4.88x industry multiple (adjusted for size and gross margin).
x r games limitedEstimated Valuation
£6.2m
Pomanda estimates the enterprise value of X R GAMES LIMITED at £6.2m based on Net Assets of £3m and 2.07x industry multiple (adjusted for liquidity).
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X R Games LimitedOverview
X R Games Limited is a live company located in leeds, LS12 1AH with a Companies House number of 10698843. It operates in the ready-made interactive leisure and entertainment software development sector, SIC Code 62011. Founded in March 2017, it's largest shareholder is
evolution trustees limited
with a 28.8% stake. X R Games Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£7.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded X R Games Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
3 Regular
2 Weak
Size
annual sales of £7.6m, make it in line with the average company (£8.2m)
£7.6m - X R Games Limited
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 89%, show it is growing at a faster rate (15.6%)
89% - X R Games Limited
15.6% - Industry AVG
Production
with a gross margin of 55.7%, this company has a comparable cost of product (55.7%)
55.7% - X R Games Limited
55.7% - Industry AVG
Profitability
an operating margin of -25.9% make it less profitable than the average company (4%)
-25.9% - X R Games Limited
4% - Industry AVG
Employees
with 88 employees, this is above the industry average (48)
88 - X R Games Limited
48 - Industry AVG
Pay Structure
on an average salary of £64.1k, the company has an equivalent pay structure (£64.1k)
£64.1k - X R Games Limited
£64.1k - Industry AVG
Efficiency
resulting in sales per employee of £85.8k, this is less efficient (£161.6k)
£85.8k - X R Games Limited
£161.6k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (43 days)
24 days - X R Games Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is slower than average (22 days)
29 days - X R Games Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - X R Games Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 68 weeks, this is more cash available to meet short term requirements (20 weeks)
68 weeks - X R Games Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.6%, this is a lower level of debt than the average (48.6%)
26.6% - X R Games Limited
48.6% - Industry AVG
X R GAMES LIMITED financials
EXPORT
X R Games Limited's latest turnover from December 2023 is estimated at £7.6 million and the company has net assets of £3 million. According to their latest financial statements, X R Games Limited has 88 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Turnover
7,553,856
6,106,409
4,280,824
1,123,871
345,147
385,344
691,583
Other Income Or Grants
Cost Of Sales
3,343,710
3,062,278
2,204,605
573,994
191,143
207,014
361,776
Gross Profit
4,210,147
3,044,132
2,076,219
549,878
154,004
178,330
329,806
Admin Expenses
6,164,003
4,864,482
2,211,261
1,204,792
978,748
730,389
610,410
Operating Profit
-1,953,856
-1,820,350
-135,042
-654,914
-824,744
-552,059
-280,604
Interest Payable
71,250
46,875
7,453
7,453
Interest Receivable
122,991
75,345
1,556
608
3,986
852
435
Pre-Tax Profit
-1,830,865
-1,816,255
-180,361
-654,306
-828,211
-558,659
-280,169
Tax
Profit After Tax
-1,830,865
-1,816,255
-180,361
-654,306
-828,211
-558,659
-280,169
Dividends Paid
Retained Profit
-1,830,865
-1,816,255
-180,361
-654,306
-828,211
-558,659
-280,169
Employee Costs
5,638,838
3,625,852
1,537,516
976,427
212,420
203,258
200,318
Number Of Employees
88
59
26
18
4
4
4
EBITDA*
-1,723,108
-1,706,717
-113,434
-640,754
-824,744
-551,720
-280,604
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
509,069
616,677
65,743
25,432
13,056
8,267
Intangible Assets
19,757
19,308
273
315
357
399
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
528,826
635,985
66,016
25,747
13,413
8,666
Stock & work in progress
Trade Debtors
514,299
614,559
587,826
27,150
7,647
11,855
Group Debtors
33
33
33
Misc Debtors
1,591,153
835,608
272,066
78,826
34,994
53,469
55,807
Cash
1,417,598
3,267,772
1,037,676
207,217
1,009,685
53,144
174,089
misc current assets
total current assets
3,523,083
4,717,972
1,897,601
313,193
1,052,326
106,613
241,751
total assets
4,051,909
5,353,957
1,963,617
338,940
1,065,739
115,279
241,751
Bank overdraft
Bank loan
Trade Creditors
269,312
94,592
98,283
68,191
91,005
13,942
237,740
Group/Directors Accounts
6,773
64,393
125,392
other short term finances
220,817
hp & lease commitments
other current liabilities
808,475
1,393,600
322,954
41,235
33,294
10,153
284,179
total current liabilities
1,077,787
1,488,192
421,237
116,199
188,692
370,304
521,919
loans
1,500,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
1,500,000
total liabilities
1,077,787
1,488,192
1,921,237
116,199
188,692
370,304
521,919
net assets
2,974,122
3,865,765
42,380
222,741
877,047
-255,025
-280,168
total shareholders funds
2,974,122
3,865,765
42,380
222,741
877,047
-255,025
-280,168
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
-1,953,856
-1,820,350
-135,042
-654,914
-824,744
-552,059
-280,604
Depreciation
223,712
111,122
21,566
14,118
318
Amortisation
7,036
2,511
42
42
21
Tax
Stock
Debtors
655,285
590,275
753,949
63,335
-10,828
-14,193
67,662
Creditors
174,720
-3,691
30,092
-22,814
77,063
-223,798
237,740
Accruals and Deferred Income
-585,125
1,070,646
281,719
7,941
23,141
-274,026
284,179
Deferred Taxes & Provisions
Cash flow from operations
-2,788,798
-1,230,037
-555,572
-718,962
-713,712
-1,035,351
173,653
Investing Activities
capital expenditure
-123,589
-683,602
-61,877
-26,494
-4,747
-9,005
Change in Investments
cash flow from investments
-123,589
-683,602
-61,877
-26,494
-4,747
-9,005
Financing Activities
Bank loans
Group/Directors Accounts
-6,773
-57,620
-60,999
125,392
Other Short Term Loans
-220,817
220,817
Long term loans
-1,500,000
1,500,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
939,222
5,639,640
1,960,283
583,802
1
interest
122,991
4,095
-45,319
608
-3,467
-6,601
435
cash flow from financing
1,062,213
4,143,735
1,447,908
-57,012
1,675,000
923,410
436
cash and cash equivalents
cash
-1,850,174
2,230,096
830,459
-802,468
956,541
-120,945
174,089
overdraft
change in cash
-1,850,174
2,230,096
830,459
-802,468
956,541
-120,945
174,089
x r games limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for x r games limited. Get real-time insights into x r games limited's credit score, group structure and payment trends.
Perform a competitor analysis for x r games limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in LS12 area or any other competitors across 12 key performance metrics.
x r games limited Ownership
X R GAMES LIMITED group structure
X R Games Limited has no subsidiary companies.
Ultimate parent company
X R GAMES LIMITED
10698843
X R GAMES LIMITED Shareholders
The largest shareholders in X R Games Limited include Evolution Trustees Limited and Mnl Nominees Limited.
evolution trustees limited
28.79%
mnl nominees limited
20.26%
npif nw equity lp
14.94%
amierjit singh thandi
12.42%
uk ff nominees limited
7.15%
mnl (bbi) nominees limited
5.72%
ken beaty
3.4%
maven income & growth vct plc
2.57%
maven income & growth vct 4 plc
1.59%
maven income & growth vct 3 plc
1.58%
x r games limited directors
X R Games Limited currently has 3 directors.
The longest serving directors include
Mr Amierjit Singh Thandi (Mar 2017) and
Mr Kenneth Beaty (Jul 2022).
62011 - Ready-made interactive leisure and entertainment software development
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
BROWN BUTLER
auditor
-
address
the half roundhouse, graingers way, leeds, LS12 1AH
Bank
-
Legal Advisor
-
x r games 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 x r games limited.
x r games 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.
Click to start generating capital raising & share issue transactions for X R GAMES LIMITED. This can take several minutes, an email will notify you when this has completed.
x r games limitedCompanies House Filings - See Documents
