iex technologies ltd

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iex technologies ltd Company Information

Share IEX TECHNOLOGIES LTD

Company Number

11040026

Shareholders

mastermelt limited

duncan holdsworth

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Group Structure

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Industry

Manufacture of other chemical products n.e.c.

 +1

Registered Address

2 leman street, london, E1W 9US

iex technologies ltd Estimated Valuation

£141.8k

Pomanda estimates the enterprise value of IEX TECHNOLOGIES LTD at £141.8k based on a Turnover of £249k and 0.57x industry multiple (adjusted for size and gross margin).

iex technologies ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of IEX TECHNOLOGIES LTD at £0 based on an EBITDA of £-7.3k and a 3.92x industry multiple (adjusted for size and gross margin).

iex technologies ltd Estimated Valuation

£410.1k

Pomanda estimates the enterprise value of IEX TECHNOLOGIES LTD at £410.1k based on Net Assets of £194.3k and 2.11x industry multiple (adjusted for liquidity).

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Iex Technologies Ltd Overview

Iex Technologies Ltd is a live company located in london, E1W 9US with a Companies House number of 11040026. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in October 2017, it's largest shareholder is mastermelt limited with a 75% stake. Iex Technologies Ltd is a young, micro sized company, Pomanda has estimated its turnover at £249k with declining growth in recent years.

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Iex Technologies Ltd Health Check

Pomanda's financial health check has awarded Iex Technologies Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

2 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £249k, make it smaller than the average company (£11.2m)

£249k - Iex Technologies Ltd

£11.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.9%)

-13% - Iex Technologies Ltd

7.9% - Industry AVG

production

Production

with a gross margin of 36.9%, this company has a comparable cost of product (36.9%)

36.9% - Iex Technologies Ltd

36.9% - Industry AVG

profitability

Profitability

an operating margin of -11.3% make it less profitable than the average company (5.9%)

-11.3% - Iex Technologies Ltd

5.9% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (37)

1 - Iex Technologies Ltd

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.7k, the company has an equivalent pay structure (£50.7k)

£50.7k - Iex Technologies Ltd

£50.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £249k, this is equally as efficient (£237k)

£249k - Iex Technologies Ltd

£237k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is near the average (55 days)

61 days - Iex Technologies Ltd

55 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Iex Technologies Ltd

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 44 days, this is in line with average (50 days)

44 days - Iex Technologies Ltd

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 84 weeks, this is more cash available to meet short term requirements (20 weeks)

84 weeks - Iex Technologies Ltd

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.8%, this is a lower level of debt than the average (46.8%)

20.8% - Iex Technologies Ltd

46.8% - Industry AVG

IEX TECHNOLOGIES LTD financials

EXPORTms excel logo

Iex Technologies Ltd's latest turnover from October 2023 is estimated at £249 thousand and the company has net assets of £194.3 thousand. According to their latest financial statements, Iex Technologies Ltd has 1 employee and maintains cash reserves of £82.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018
Turnover249,029760,526706,491382,88958,42535,918
Other Income Or Grants
Cost Of Sales157,055481,611434,095233,93836,05022,002
Gross Profit91,974278,915272,396148,95122,37513,916
Admin Expenses120,211260,701191,928219,891-180,288-39,458
Operating Profit-28,23718,21480,468-70,940202,66353,374
Interest Payable
Interest Receivable2,5432,1552192981,472213
Pre-Tax Profit-25,69420,36980,686-70,642204,13653,586
Tax-3,870-15,330-38,786-10,181
Profit After Tax-25,69416,49965,356-70,642165,35043,405
Dividends Paid
Retained Profit-25,69416,49965,356-70,642165,35043,405
Employee Costs50,656238,127232,229135,81545,55845,468
Number Of Employees155311
EBITDA*-7,33345,56891,414-62,463207,06853,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018
Tangible Assets98,902102,94840,74144,87823,35215,340
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets98,902102,94840,74144,87823,35215,340
Stock & work in progress19,0004,00015,00011,75011,50010,976
Trade Debtors41,738132,000142,15057,5005,269
Group Debtors
Misc Debtors3,2297,6213,2883,2883,288
Cash82,47214,423177,124260,205335,87656,769
misc current assets
total current assets146,439158,044337,562332,743350,66473,014
total assets245,341260,992378,303377,621374,01688,354
Bank overdraft
Bank loan
Trade Creditors 57,990
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities51,02640,924116,744239,408165,16144,909
total current liabilities51,02640,924174,734239,408165,16144,909
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities51,02640,924174,734239,408165,16144,909
net assets194,315220,068203,569138,213208,85543,445
total shareholders funds194,315220,068203,569138,213208,85543,445
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018
Operating Activities
Operating Profit-28,23718,21480,468-70,940202,66353,374
Depreciation20,90427,35410,9468,4774,405
Amortisation
Tax-3,870-15,330-38,786-10,181
Stock15,000-11,0003,25025052410,976
Debtors-94,654-5,81784,65057,500-1,9815,269
Creditors-57,99057,990
Accruals and Deferred Income10,102-75,820-122,66474,247120,25244,909
Deferred Taxes & Provisions
Cash flow from operations82,423-75,295-76,490-45,966289,99171,857
Investing Activities
capital expenditure-16,858-89,561-6,809-30,003-12,417-15,340
Change in Investments
cash flow from investments-16,858-89,561-6,809-30,003-12,417-15,340
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-596040
interest2,5432,1552192981,472213
cash flow from financing2,4842,1552192981,532253
cash and cash equivalents
cash68,049-162,701-83,081-75,671279,10756,769
overdraft
change in cash68,049-162,701-83,081-75,671279,10756,769

iex technologies ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Iex Technologies Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for iex technologies ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in E1W area or any other competitors across 12 key performance metrics.

iex technologies ltd Ownership

IEX TECHNOLOGIES LTD group structure

Iex Technologies Ltd has no subsidiary companies.

Ultimate parent company

2 parents

IEX TECHNOLOGIES LTD

11040026

IEX TECHNOLOGIES LTD Shareholders

mastermelt limited 75%
duncan holdsworth 12.5%
stephen colley 12.5%

iex technologies ltd directors

Iex Technologies Ltd currently has 5 directors. The longest serving directors include Dr Stephen Colley (Oct 2017) and Mr Duncan Holdsworth (Feb 2018).

officercountryagestartendrole
Dr Stephen ColleyUnited Kingdom65 years Oct 2017- Director
Mr Duncan HoldsworthEngland36 years Feb 2018- Director
Mr Jamie Conway-BakerUnited Kingdom49 years Jan 2024- Director
Mr Richard ReidingerUnited Kingdom53 years Jan 2024- Director
Mr Tony BransburyUnited Kingdom59 years Jan 2024- Director

P&L

October 2023

turnover

249k

-67%

operating profit

-28.2k

0%

gross margin

37%

+0.71%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

194.3k

-0.12%

total assets

245.3k

-0.06%

cash

82.5k

+4.72%

net assets

Total assets minus all liabilities

iex technologies ltd company details

company number

11040026

Type

Private limited with Share Capital

industry

20590 - Manufacture of other chemical products n.e.c.

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

October 2017

age

8

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

October 2023

previous names

iex consultants ltd. (April 2023)

accountant

WASLEY CHAPMAN LLP

auditor

-

address

2 leman street, london, E1W 9US

Bank

-

Legal Advisor

-

iex technologies 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 iex technologies ltd.

iex technologies ltd 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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iex technologies ltd Companies House Filings - See Documents

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