
Company Number
12070459
Next Accounts
Mar 2026
Shareholders
david stroud
elaine stroud
Group Structure
View All
Industry
Business and domestic software development
Registered Address
c/o armstrong campbell accountan, the grainger suite, gosforth, newcastle, NE3 3PF
Website
-Pomanda estimates the enterprise value of LAGOM SOLUTIONS LTD at £198.6k based on a Turnover of £320.4k and 0.62x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of LAGOM SOLUTIONS LTD at £255.2k based on an EBITDA of £69k and a 3.7x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of LAGOM SOLUTIONS LTD at £370.5k based on Net Assets of £157.1k and 2.36x industry multiple (adjusted for liquidity).
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Lagom Solutions Ltd is a live company located in gosforth, NE3 3PF with a Companies House number of 12070459. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2019, it's largest shareholder is david stroud with a 75% stake. Lagom Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £320.4k with unknown growth in recent years.
Pomanda's financial health check has awarded Lagom Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £320.4k, make it smaller than the average company (£4.5m)
- Lagom Solutions Ltd
£4.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Lagom Solutions Ltd
- - Industry AVG
Production
with a gross margin of 42.5%, this company has a higher cost of product (72.9%)
- Lagom Solutions Ltd
72.9% - Industry AVG
Profitability
an operating margin of 21.6% make it more profitable than the average company (4%)
- Lagom Solutions Ltd
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (40)
1 - Lagom Solutions Ltd
40 - Industry AVG
Pay Structure
on an average salary of £69k, the company has an equivalent pay structure (£69k)
- Lagom Solutions Ltd
£69k - Industry AVG
Efficiency
resulting in sales per employee of £320.4k, this is more efficient (£125.3k)
- Lagom Solutions Ltd
£125.3k - Industry AVG
Debtor Days
it gets paid by customers after 175 days, this is later than average (58 days)
- Lagom Solutions Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (40 days)
- Lagom Solutions Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lagom Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lagom Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.6%, this is a lower level of debt than the average (59.7%)
21.6% - Lagom Solutions Ltd
59.7% - Industry AVG
Lagom Solutions Ltd's latest turnover from June 2024 is estimated at £320.4 thousand and the company has net assets of £157.1 thousand. According to their latest financial statements, Lagom Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2024 | Jun 2023 | Jun 2022 | Mar 2021 | Mar 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 | 1 | 1 | 1 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024 | Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | |
---|---|---|---|---|---|
Tangible Assets | 32,436 | 46,721 | 2,428 | ||
Intangible Assets | |||||
Investments & Other | |||||
Debtors (Due After 1 year) | |||||
Total Fixed Assets | 32,436 | 46,721 | 2,428 | ||
Stock & work in progress | |||||
Trade Debtors | 153,702 | 76,599 | 93,354 | ||
Group Debtors | |||||
Misc Debtors | 14,190 | 100 | 524 | ||
Cash | 100 | 100 | |||
misc current assets | |||||
total current assets | 167,892 | 76,699 | 93,878 | 100 | 100 |
total assets | 200,328 | 123,420 | 96,306 | 100 | 100 |
Bank overdraft | |||||
Bank loan | |||||
Trade Creditors | 41,943 | 16,269 | 18,683 | ||
Group/Directors Accounts | |||||
other short term finances | |||||
hp & lease commitments | |||||
other current liabilities | |||||
total current liabilities | 41,943 | 16,269 | 18,683 | ||
loans | |||||
hp & lease commitments | |||||
Accruals and Deferred Income | 1,250 | 1,800 | 3,512 | ||
other liabilities | |||||
provisions | |||||
total long term liabilities | 1,250 | 1,800 | 3,512 | ||
total liabilities | 43,193 | 18,069 | 22,195 | ||
net assets | 157,135 | 105,351 | 74,111 | 100 | 100 |
total shareholders funds | 157,135 | 105,351 | 74,111 | 100 | 100 |
Jun 2024 | Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | |
---|---|---|---|---|---|
Operating Activities | |||||
Operating Profit | |||||
Depreciation | |||||
Amortisation | |||||
Tax | |||||
Stock | |||||
Debtors | 91,193 | -17,179 | 93,878 | ||
Creditors | 25,674 | -2,414 | 18,683 | ||
Accruals and Deferred Income | -550 | -1,712 | 3,512 | ||
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 | |||||
Hire Purchase and Lease Commitments | |||||
other long term liabilities | |||||
share issue | |||||
interest | |||||
cash flow from financing | |||||
cash and cash equivalents | |||||
cash | -100 | 100 | |||
overdraft | |||||
change in cash | -100 | 100 |
Perform a competitor analysis for lagom solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in NE3 area or any other competitors across 12 key performance metrics.
LAGOM SOLUTIONS LTD group structure
Lagom Solutions Ltd has no subsidiary companies.
Ultimate parent company
LAGOM SOLUTIONS LTD
12070459
Lagom Solutions Ltd currently has 2 directors. The longest serving directors include Mr David Stroud (Jun 2019) and Mrs Elaine Stroud (Mar 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Stroud | England | 51 years | Jun 2019 | - | Director |
Mrs Elaine Stroud | England | 51 years | Mar 2023 | - | Director |
P&L
June 2024turnover
320.4k
+95%
operating profit
69k
0%
gross margin
42.6%
+0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
157.1k
+0.49%
total assets
200.3k
+0.62%
cash
0
0%
net assets
Total assets minus all liabilities
company number
12070459
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
June 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
ngenu ltd (December 2020)
accountant
-
auditor
-
address
c/o armstrong campbell accountan, the grainger suite, gosforth, newcastle, NE3 3PF
Bank
-
Legal Advisor
-
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 lagom solutions ltd.
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