Pomanda estimates the enterprise value of X-HEAT LTD at £75k based on a Turnover of £208.8k and 0.36x industry multiple (adjusted for size and gross margin).
x-heat ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of X-HEAT LTD at £0 based on an EBITDA of £-52.9k and a 2.57x industry multiple (adjusted for size and gross margin).
x-heat ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of X-HEAT LTD at £0 based on Net Assets of £-115.3k and 2.37x industry multiple (adjusted for liquidity).
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X-heat LtdOverview
X-heat Ltd is a live company located in middlesbrough, TS2 1QG with a Companies House number of 11210741. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2018, it's largest shareholder is
thomas richard mcgee
with a 47% stake. X-heat Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£208.8k with
rapid
growth in recent years.
Pomanda's financial health check has awarded X-Heat Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £208.8k, make it smaller than the average company (£4m)
£208.8k - X-heat Ltd
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 98%, show it is growing at a faster rate (8.1%)
98% - X-heat Ltd
8.1% - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (38.4%)
17.1% - X-heat Ltd
38.4% - Industry AVG
Profitability
an operating margin of -25.3% make it less profitable than the average company (5.7%)
-25.3% - X-heat Ltd
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
1 - X-heat Ltd
24 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has an equivalent pay structure (£49.9k)
£49.9k - X-heat Ltd
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £208.8k, this is more efficient (£153.8k)
£208.8k - X-heat Ltd
£153.8k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (39 days)
34 days - X-heat Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 345 days, this is slower than average (33 days)
345 days - X-heat Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - X-heat Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - X-heat Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 337.8%, this is a higher level of debt than the average (60.8%)
337.8% - X-heat Ltd
60.8% - Industry AVG
X-HEAT LTD financials
EXPORT
X-Heat Ltd's latest turnover from February 2024 is estimated at £208.8 thousand and the company has net assets of -£115.3 thousand. According to their latest financial statements, X-Heat Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Turnover
208,773
168,977
140,583
26,730
29,490
28,331
Other Income Or Grants
Cost Of Sales
173,098
139,309
117,891
22,486
24,400
23,618
Gross Profit
35,675
29,668
22,692
4,244
5,090
4,714
Admin Expenses
88,546
89,652
25,349
-1,656
6,816
7,536
Operating Profit
-52,871
-59,984
-2,657
5,900
-1,726
-2,822
Interest Payable
Interest Receivable
Pre-Tax Profit
-52,871
-59,984
-2,657
5,900
-1,726
-2,822
Tax
-1,121
Profit After Tax
-52,871
-59,984
-2,657
4,779
-1,726
-2,822
Dividends Paid
Retained Profit
-52,871
-59,984
-2,657
4,779
-1,726
-2,822
Employee Costs
49,932
47,415
45,097
42,599
42,143
40,841
Number Of Employees
1
1
1
1
1
1
EBITDA*
-52,871
-59,984
-2,657
5,900
-1,726
-2,822
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Tangible Assets
28,832
21,875
9,992
3,733
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
28,832
21,875
9,992
3,733
Stock & work in progress
Trade Debtors
19,654
29,441
42,952
1,973
1,989
2,375
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
19,654
29,441
42,952
1,973
1,989
2,375
total assets
48,486
51,316
52,944
5,706
1,989
2,375
Bank overdraft
Bank loan
Trade Creditors
163,767
113,726
55,370
5,475
6,537
5,197
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
163,767
113,726
55,370
5,475
6,537
5,197
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
163,767
113,726
55,370
5,475
6,537
5,197
net assets
-115,281
-62,410
-2,426
231
-4,548
-2,822
total shareholders funds
-115,281
-62,410
-2,426
231
-4,548
-2,822
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Operating Activities
Operating Profit
-52,871
-59,984
-2,657
5,900
-1,726
-2,822
Depreciation
Amortisation
Tax
-1,121
Stock
Debtors
-9,787
-13,511
40,979
-16
-386
2,375
Creditors
50,041
58,356
49,895
-1,062
1,340
5,197
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
6,957
11,883
6,259
3,733
Investing Activities
capital expenditure
-6,957
-11,883
-6,259
-3,733
Change in Investments
cash flow from investments
-6,957
-11,883
-6,259
-3,733
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
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
x-heat ltd 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-heat ltd. Get real-time insights into x-heat ltd's credit score, group structure and payment trends.
Perform a competitor analysis for x-heat ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in TS2 area or any other competitors across 12 key performance metrics.
x-heat ltd Ownership
X-HEAT LTD group structure
X-Heat Ltd has no subsidiary companies.
Ultimate parent company
X-HEAT LTD
11210741
X-HEAT LTD Shareholders
The largest shareholders in X-Heat Ltd include Thomas Richard Mcgee and John William Taylor.
thomas richard mcgee
47%
john william taylor
45%
lee robinson
3%
john parkin
3%
george turnbull
1%
michael james william kelly
1%
x-heat ltd directors
X-Heat Ltd currently has 2 directors.
The longest serving directors include
Mr Thomas McGee (Feb 2018) and
Mr John Taylor (Jan 2022).
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 1 charges/mortgages relating to x-heat ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
x-heat 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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