lagom solutions ltd

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lagom solutions ltd Company Information

Share LAGOM SOLUTIONS LTD

Company Number

12070459

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

-

lagom solutions ltd Estimated Valuation

£198.6k

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).

lagom solutions ltd Estimated Valuation

£255.2k

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).

lagom solutions ltd Estimated Valuation

£370.5k

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 Overview

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.

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Lagom Solutions Ltd Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £320.4k, make it smaller than the average company (£4.5m)

£320.4k - Lagom Solutions Ltd

£4.5m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Lagom Solutions Ltd

- - Industry AVG

production

Production

with a gross margin of 42.5%, this company has a higher cost of product (72.9%)

42.5% - Lagom Solutions Ltd

72.9% - Industry AVG

profitability

Profitability

an operating margin of 21.6% make it more profitable than the average company (4%)

21.6% - Lagom Solutions Ltd

4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (40)

1 - Lagom Solutions Ltd

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £69k, the company has an equivalent pay structure (£69k)

£69k - Lagom Solutions Ltd

£69k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £320.4k, this is more efficient (£125.3k)

£320.4k - Lagom Solutions Ltd

£125.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 175 days, this is later than average (58 days)

175 days - Lagom Solutions Ltd

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 83 days, this is slower than average (40 days)

83 days - Lagom Solutions Ltd

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Lagom Solutions Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Lagom Solutions Ltd

- - Industry AVG

debtlevel

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 financials

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Mar 2021Mar 2020
Turnover320,440163,939188,082
Other Income Or Grants
Cost Of Sales184,16494,448106,157
Gross Profit136,27569,49181,925
Admin Expenses67,23027,838-9,569
Operating Profit69,04541,65391,494
Interest Payable
Interest Receivable1
Pre-Tax Profit69,04541,65391,495
Tax-17,261-10,413-17,384
Profit After Tax51,78431,24074,111
Dividends Paid
Retained Profit51,78431,24074,111
Employee Costs69,02366,61062,901
Number Of Employees111
EBITDA*69,04541,65391,494

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Mar 2021Mar 2020
Tangible Assets32,43646,7212,428
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets32,43646,7212,428
Stock & work in progress
Trade Debtors153,70276,59993,354
Group Debtors
Misc Debtors14,190100524
Cash100100
misc current assets
total current assets167,89276,69993,878100100
total assets200,328123,42096,306100100
Bank overdraft
Bank loan
Trade Creditors 41,94316,26918,683
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities41,94316,26918,683
loans
hp & lease commitments
Accruals and Deferred Income1,2501,8003,512
other liabilities
provisions
total long term liabilities1,2501,8003,512
total liabilities43,19318,06922,195
net assets157,135105,35174,111100100
total shareholders funds157,135105,35174,111100100
Jun 2024Jun 2023Jun 2022Mar 2021Mar 2020
Operating Activities
Operating Profit69,04541,65391,494
Depreciation
Amortisation
Tax-17,261-10,413-17,384
Stock
Debtors91,193-17,17993,878
Creditors25,674-2,41418,683
Accruals and Deferred Income-550-1,7123,512
Deferred Taxes & Provisions
Cash flow from operations-14,28544,2932,427
Investing Activities
capital expenditure14,285-44,293-2,428
Change in Investments
cash flow from investments14,285-44,293-2,428
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-100100
interest1
cash flow from financing-99100
cash and cash equivalents
cash-100100
overdraft
change in cash-100100

lagom solutions 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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Lagom Solutions Ltd Competitor Analysis

competitor_analysis_table_img

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 Ownership

LAGOM SOLUTIONS LTD group structure

Lagom Solutions Ltd has no subsidiary companies.

Ultimate parent company

LAGOM SOLUTIONS LTD

12070459

LAGOM SOLUTIONS LTD Shareholders

david stroud 75%
elaine stroud 25%

lagom solutions ltd directors

Lagom Solutions Ltd currently has 2 directors. The longest serving directors include Mr David Stroud (Jun 2019) and Mrs Elaine Stroud (Mar 2023).

officercountryagestartendrole
Mr David StroudEngland51 years Jun 2019- Director
Mrs Elaine StroudEngland51 years Mar 2023- Director

P&L

June 2024

turnover

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 2024

net assets

157.1k

+0.49%

total assets

200.3k

+0.62%

cash

0

0%

net assets

Total assets minus all liabilities

lagom solutions ltd company details

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

None

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

-

lagom solutions 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 lagom solutions ltd.

lagom solutions 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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lagom solutions ltd Companies House Filings - See Documents

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