fx technology limited
fx technology limited Company Information
Company Number
11602958
Website
www.fxtec.comRegistered Address
2 stone buildings, lincoln's inn, london, WC2A 3TH
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
4 days late
Group Structure
View All
Shareholders
livermorium limited 100%
fx technology limited Estimated Valuation
Pomanda estimates the enterprise value of FX TECHNOLOGY LIMITED at £1.5m based on a Turnover of £2.9m and 0.52x industry multiple (adjusted for size and gross margin).
fx technology limited Estimated Valuation
Pomanda estimates the enterprise value of FX TECHNOLOGY LIMITED at £0 based on an EBITDA of £-200.3k and a 4.21x industry multiple (adjusted for size and gross margin).
fx technology limited Estimated Valuation
Pomanda estimates the enterprise value of FX TECHNOLOGY LIMITED at £0 based on Net Assets of £-16.5k and 2.31x industry multiple (adjusted for liquidity).
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Fx Technology Limited Overview
Fx Technology Limited is a live company located in london, WC2A 3TH with a Companies House number of 11602958. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in October 2018, it's largest shareholder is livermorium limited with a 100% stake. Fx Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £2.9m with rapid growth in recent years.
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Fx Technology Limited Health Check
Pomanda's financial health check has awarded Fx Technology Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £2.9m, make it in line with the average company (£2.6m)
- Fx Technology Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 113%, show it is growing at a faster rate (4.4%)
- Fx Technology Limited
4.4% - Industry AVG
Production
with a gross margin of 43.9%, this company has a comparable cost of product (43.9%)
- Fx Technology Limited
43.9% - Industry AVG
Profitability
an operating margin of -7.6% make it less profitable than the average company (5.9%)
- Fx Technology Limited
5.9% - Industry AVG
Employees
with 7 employees, this is below the industry average (21)
7 - Fx Technology Limited
21 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)
- Fx Technology Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £418k, this is more efficient (£125.1k)
- Fx Technology Limited
£125.1k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (57 days)
- Fx Technology Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 259 days, this is slower than average (32 days)
- Fx Technology Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is in line with average (30 days)
- Fx Technology Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (26 weeks)
1 weeks - Fx Technology Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.5%, this is a higher level of debt than the average (54.6%)
100.5% - Fx Technology Limited
54.6% - Industry AVG
FX TECHNOLOGY LIMITED financials
Fx Technology Limited's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of -£16.5 thousand. According to their latest financial statements, Fx Technology Limited has 7 employees and maintains cash reserves of £107.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | 7 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 93,132 | 111,082 | 1,394 | 741 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 93,132 | 111,082 | 1,394 | 741 |
| Stock & work in progress | 115,574 | 0 | 0 | 0 |
| Trade Debtors | 415,764 | 293,988 | 0 | 0 |
| Group Debtors | 832,435 | 716,671 | 171,460 | 225,016 |
| Misc Debtors | 1,091,582 | 4,659,989 | 0 | 3,910 |
| Cash | 107,244 | 9,336,721 | 286,610 | 27,194 |
| misc current assets | 462,500 | 0 | 0 | 0 |
| total current assets | 3,025,099 | 15,007,369 | 458,070 | 256,120 |
| total assets | 3,118,231 | 15,118,451 | 459,464 | 256,861 |
| Bank overdraft | 10,648 | 9,566 | 2,807 | 3,395 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,166,057 | 4,727 | 40,551 | 47,052 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,930,567 | 15,020,199 | 358,792 | 201,917 |
| total current liabilities | 3,107,272 | 15,034,492 | 402,150 | 252,364 |
| loans | 27,431 | 38,079 | 47,193 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,431 | 38,079 | 47,193 | 0 |
| total liabilities | 3,134,703 | 15,072,571 | 449,343 | 252,364 |
| net assets | -16,472 | 45,880 | 10,121 | 4,497 |
| total shareholders funds | -16,472 | 45,880 | 10,121 | 4,497 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 23,283 | 27,770 | 465 | 247 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 115,574 | 0 | 0 | 0 |
| Debtors | -3,330,867 | 5,499,188 | -57,466 | 228,926 |
| Creditors | 1,161,330 | -35,824 | -6,501 | 47,052 |
| Accruals and Deferred Income | -13,089,632 | 14,661,407 | 156,875 | 201,917 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -10,648 | -9,114 | 47,193 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -9,229,477 | 9,050,111 | 259,416 | 27,194 |
| overdraft | 1,082 | 6,759 | -588 | 3,395 |
| change in cash | -9,230,559 | 9,043,352 | 260,004 | 23,799 |
fx technology limited Credit Report and Business Information
Fx Technology Limited Competitor Analysis
Perform a competitor analysis for fx technology limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in WC2A area or any other competitors across 12 key performance metrics.
fx technology limited Ownership
FX TECHNOLOGY LIMITED group structure
Fx Technology Limited has 1 subsidiary company.
Ultimate parent company
1 parent
FX TECHNOLOGY LIMITED
11602958
1 subsidiary
fx technology limited directors
Fx Technology Limited currently has 2 directors. The longest serving directors include Mr Adrian Li Mow Ching (Oct 2018) and Mr Liangchen Chen (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Li Mow Ching | England | 45 years | Oct 2018 | - | Director |
| Mr Liangchen Chen | United Kingdom | 35 years | Oct 2018 | - | Director |
P&L
December 2022turnover
2.9m
+115%
operating profit
-223.5k
0%
gross margin
44%
+2.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-16.5k
-1.36%
total assets
3.1m
-0.79%
cash
107.2k
-0.99%
net assets
Total assets minus all liabilities
fx technology limited company details
company number
11602958
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
October 2018
age
6
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
2 stone buildings, lincoln's inn, london, WC2A 3TH
accountant
-
auditor
-
fx technology 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 fx technology limited.
fx technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
