xrenewable ltd
xrenewable ltd Company Information
Company Number
11955142
Next Accounts
66 days late
Shareholders
ning zhang
xing jin
View AllGroup Structure
View All
Industry
Computer consultancy activities
Registered Address
20-22 wenlock road, london, N1 7GU
Website
xrenewable.comxrenewable ltd Estimated Valuation
Pomanda estimates the enterprise value of XRENEWABLE LTD at £819k based on a Turnover of £1.2m and 0.71x industry multiple (adjusted for size and gross margin).
xrenewable ltd Estimated Valuation
Pomanda estimates the enterprise value of XRENEWABLE LTD at £1.9m based on an EBITDA of £388.8k and a 5.01x industry multiple (adjusted for size and gross margin).
xrenewable ltd Estimated Valuation
Pomanda estimates the enterprise value of XRENEWABLE LTD at £591.4k based on Net Assets of £258.7k and 2.29x industry multiple (adjusted for liquidity).
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Xrenewable Ltd Overview
Xrenewable Ltd is a live company located in london, N1 7GU with a Companies House number of 11955142. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2019, it's largest shareholder is ning zhang with a 47.5% stake. Xrenewable Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Xrenewable Ltd Health Check
Pomanda's financial health check has awarded Xrenewable Ltd a 3 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
4 Regular
4 Weak
Size
annual sales of £1.2m, make it in line with the average company (£1.2m)
- Xrenewable Ltd
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 94%, show it is growing at a faster rate (5.6%)
- Xrenewable Ltd
5.6% - Industry AVG
Production
with a gross margin of 49.1%, this company has a comparable cost of product (49.1%)
- Xrenewable Ltd
49.1% - Industry AVG
Profitability
an operating margin of 7.8% make it as profitable than the average company (6.9%)
- Xrenewable Ltd
6.9% - Industry AVG
Employees
with 29 employees, this is above the industry average (13)
29 - Xrenewable Ltd
13 - Industry AVG
Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
- Xrenewable Ltd
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £39.8k, this is less efficient (£124.2k)
- Xrenewable Ltd
£124.2k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (65 days)
- Xrenewable Ltd
65 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
- Xrenewable Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Xrenewable Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Xrenewable Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.2%, this is a higher level of debt than the average (57.8%)
78.2% - Xrenewable Ltd
57.8% - Industry AVG
XRENEWABLE LTD financials
Xrenewable Ltd's latest turnover from April 2023 is estimated at £1.2 million and the company has net assets of £258.7 thousand. According to their latest financial statements, Xrenewable Ltd has 29 employees and maintains cash reserves of £54.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| 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 | 29 | 29 | 29 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,278 | 572 | 912 | |
| Intangible Assets | 824,060 | 723,112 | 443,514 | 198,182 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 825,338 | 723,684 | 444,426 | 198,182 |
| Stock & work in progress | ||||
| Trade Debtors | 21,331 | 24,611 | 19,825 | 17,559 |
| Group Debtors | ||||
| Misc Debtors | 162,508 | 179,026 | ||
| Cash | 54,732 | 131,963 | 11,062 | 31,669 |
| misc current assets | 121,068 | 127,319 | 101,421 | 49,239 |
| total current assets | 359,639 | 462,919 | 132,308 | 98,467 |
| total assets | 1,184,977 | 1,186,603 | 576,734 | 296,649 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 2,236 | 17,200 | 383,537 | 10,473 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 747,511 | 834,224 | 434,600 | 332,784 |
| total current liabilities | 749,747 | 851,424 | 818,137 | 343,257 |
| loans | 31,514 | 50,000 | 50,000 | |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 145,000 | 134,781 | ||
| provisions | ||||
| total long term liabilities | 176,514 | 184,781 | 50,000 | |
| total liabilities | 926,261 | 1,036,205 | 868,137 | 343,257 |
| net assets | 258,716 | 150,398 | -291,403 | -46,608 |
| total shareholders funds | 258,716 | 150,398 | -291,403 | -46,608 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 434 | 340 | 106 | |
| Amortisation | 298,383 | 222,335 | 123,264 | 49,545 |
| Tax | ||||
| Stock | ||||
| Debtors | -19,798 | 183,812 | 2,266 | 17,559 |
| Creditors | -14,964 | -366,337 | 373,064 | 10,473 |
| Accruals and Deferred Income | -86,713 | 399,624 | 101,816 | 332,784 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | -18,486 | 50,000 | ||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | 10,219 | 134,781 | ||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -77,231 | 120,901 | -20,607 | 31,669 |
| overdraft | ||||
| change in cash | -77,231 | 120,901 | -20,607 | 31,669 |
xrenewable ltd Credit Report and Business Information
Xrenewable Ltd Competitor Analysis
Perform a competitor analysis for xrenewable ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N 1 area or any other competitors across 12 key performance metrics.
xrenewable ltd Ownership
XRENEWABLE LTD group structure
Xrenewable Ltd has no subsidiary companies.
Ultimate parent company
XRENEWABLE LTD
11955142
xrenewable ltd directors
Xrenewable Ltd currently has 3 directors. The longest serving directors include Mr Ning Zhang (Apr 2019) and Mr Xing Jin (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ning Zhang | England | 43 years | Apr 2019 | - | Director |
| Mr Xing Jin | England | 51 years | Jan 2020 | - | Director |
| Mr Weifang Zhang | England | 37 years | Nov 2022 | - | Director |
P&L
April 2023turnover
1.2m
+3%
operating profit
89.9k
0%
gross margin
49.2%
+5.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
258.7k
+0.72%
total assets
1.2m
0%
cash
54.7k
-0.59%
net assets
Total assets minus all liabilities
Similar Companies
xrenewable ltd company details
company number
11955142
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
April 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
-
Legal Advisor
-
xrenewable 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 xrenewable ltd.
xrenewable 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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xrenewable ltd Companies House Filings - See Documents
| date | description | view/download |
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