lemonade technology limited
lemonade technology limited Company Information
Company Number
12711587
Next Accounts
296 days late
Shareholders
lemonade technology inc.
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
b7b st. faiths street, maidstone, kent, ME14 1LH
Website
-lemonade technology limited Estimated Valuation
Pomanda estimates the enterprise value of LEMONADE TECHNOLOGY LIMITED at £3.6m based on a Turnover of £2.6m and 1.41x industry multiple (adjusted for size and gross margin).
lemonade technology limited Estimated Valuation
Pomanda estimates the enterprise value of LEMONADE TECHNOLOGY LIMITED at £2.4m based on an EBITDA of £493.5k and a 4.87x industry multiple (adjusted for size and gross margin).
lemonade technology limited Estimated Valuation
Pomanda estimates the enterprise value of LEMONADE TECHNOLOGY LIMITED at £553.5k based on Net Assets of £412.7k and 1.34x industry multiple (adjusted for liquidity).
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Lemonade Technology Limited Overview
Lemonade Technology Limited is a live company located in kent, ME14 1LH with a Companies House number of 12711587. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2020, it's largest shareholder is lemonade technology inc. with a 100% stake. Lemonade Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £2.6m with unknown growth in recent years.
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Lemonade Technology Limited Health Check
Pomanda's financial health check has awarded Lemonade Technology Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£4.3m)
- Lemonade Technology Limited
£4.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Lemonade Technology Limited
- - Industry AVG
Production
with a gross margin of 58.2%, this company has a comparable cost of product (58.2%)
- Lemonade Technology Limited
58.2% - Industry AVG
Profitability
an operating margin of 19.2% make it more profitable than the average company (11.7%)
- Lemonade Technology Limited
11.7% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (12)
- Lemonade Technology Limited
12 - Industry AVG
Pay Structure
on an average salary of £74.1k, the company has an equivalent pay structure (£74.1k)
- Lemonade Technology Limited
£74.1k - Industry AVG
Efficiency
resulting in sales per employee of £197.7k, this is equally as efficient (£212.7k)
- Lemonade Technology Limited
£212.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Lemonade Technology Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 254 days, this is slower than average (44 days)
- Lemonade Technology Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lemonade Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (33 weeks)
49 weeks - Lemonade Technology Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (67.8%)
88.8% - Lemonade Technology Limited
67.8% - Industry AVG
LEMONADE TECHNOLOGY LIMITED financials
Lemonade Technology Limited's latest turnover from July 2022 is estimated at £2.6 million and the company has net assets of £412.7 thousand. According to their latest financial statements, we estimate that Lemonade Technology Limited has 13 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | |
|---|---|---|
| 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 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 9,458 |
| Misc Debtors | 553,717 | 0 |
| Cash | 3,114,751 | 5,759 |
| misc current assets | 0 | 0 |
| total current assets | 3,668,468 | 15,217 |
| total assets | 3,668,468 | 15,217 |
| Bank overdraft | 94 | 1,389 |
| Bank loan | 0 | 0 |
| Trade Creditors | 748,939 | 0 |
| Group/Directors Accounts | 624,926 | 13,635 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 1,881,785 | 2,952 |
| total current liabilities | 3,255,744 | 17,976 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 3,255,744 | 17,976 |
| net assets | 412,724 | -2,759 |
| total shareholders funds | 412,724 | -2,759 |
| Jul 2022 | Jul 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 544,259 | 9,458 |
| Creditors | 748,939 | 0 |
| Accruals and Deferred Income | 1,878,833 | 2,952 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 611,291 | 13,635 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 3,108,992 | 5,759 |
| overdraft | -1,295 | 1,389 |
| change in cash | 3,110,287 | 4,370 |
lemonade technology limited Credit Report and Business Information
Lemonade Technology Limited Competitor Analysis
Perform a competitor analysis for lemonade technology limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in ME14 area or any other competitors across 12 key performance metrics.
lemonade technology limited Ownership
LEMONADE TECHNOLOGY LIMITED group structure
Lemonade Technology Limited has no subsidiary companies.
Ultimate parent company
LEMONADE TECHNOLOGY INC
#0151256
1 parent
LEMONADE TECHNOLOGY LIMITED
12711587
lemonade technology limited directors
Lemonade Technology Limited currently has 3 directors. The longest serving directors include Mr Ridwan Olalere (Jul 2020) and Mr David Akporehe (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ridwan Olalere | England | 35 years | Jul 2020 | - | Director |
| Mr David Akporehe | 57 years | Jul 2020 | - | Director | |
| Mr Rian Cochran | England | 43 years | Aug 2020 | - | Director |
P&L
July 2022turnover
2.6m
+346%
operating profit
493.5k
0%
gross margin
58.2%
-1.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
412.7k
-150.59%
total assets
3.7m
+240.08%
cash
3.1m
+539.85%
net assets
Total assets minus all liabilities
Similar Companies
lemonade technology limited company details
company number
12711587
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2022
previous names
N/A
accountant
-
auditor
-
address
b7b st. faiths street, maidstone, kent, ME14 1LH
Bank
-
Legal Advisor
-
lemonade 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 lemonade technology limited.
lemonade technology limited 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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lemonade technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
