Pomanda estimates the enterprise value of XO BIKES LIMITED at £201.5k based on a Turnover of £644.9k and 0.31x industry multiple (adjusted for size and gross margin).
xo bikes limitedEstimated Valuation
£19.2k
Pomanda estimates the enterprise value of XO BIKES LIMITED at £19.2k based on an EBITDA of £5.9k and a 3.26x industry multiple (adjusted for size and gross margin).
xo bikes limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of XO BIKES LIMITED at £0 based on Net Assets of £-6.7k and 1.94x industry multiple (adjusted for liquidity).
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Xo Bikes LimitedOverview
Xo Bikes Limited is a live company located in london, SE13 7EP with a Companies House number of 13913618. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in February 2022, it's largest shareholder is
onwards & upwards
with a 100% stake. Xo Bikes Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£644.9k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Xo Bikes Limited a 2.5 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
Health Rating2.5out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £644.9k, make it in line with the average company (£719.1k)
£644.9k - Xo Bikes Limited
£719.1k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Xo Bikes Limited
- - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
28.8% - Xo Bikes Limited
28.8% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (0.6%)
0.4% - Xo Bikes Limited
0.6% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (9)
10 - Xo Bikes Limited
9 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
£26.3k - Xo Bikes Limited
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £64.5k, this is less efficient (£134.9k)
£64.5k - Xo Bikes Limited
£134.9k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (21 days)
6 days - Xo Bikes Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (23 days)
64 days - Xo Bikes Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 77 days, this is less than average (127 days)
77 days - Xo Bikes Limited
127 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - Xo Bikes Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.9%, this is a higher level of debt than the average (66.5%)
105.9% - Xo Bikes Limited
66.5% - Industry AVG
XO BIKES LIMITED financials
EXPORT
Xo Bikes Limited's latest turnover from May 2024 is estimated at £644.9 thousand and the company has net assets of -£6.7 thousand. According to their latest financial statements, Xo Bikes Limited has 10 employees and maintains cash reserves of £3.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
Turnover
644,863
162,230
Other Income Or Grants
Cost Of Sales
458,985
111,698
Gross Profit
185,878
50,532
Admin Expenses
183,061
70,108
Operating Profit
2,817
-19,576
Interest Payable
Interest Receivable
500
349
Pre-Tax Profit
3,317
-19,228
Tax
-829
Profit After Tax
2,488
-19,228
Dividends Paid
Retained Profit
2,488
-19,228
Employee Costs
263,450
100,009
Number Of Employees
10
4
EBITDA*
5,902
-16,491
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
Tangible Assets
Intangible Assets
3,085
6,170
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,085
6,170
Stock & work in progress
97,536
49,488
Trade Debtors
10,983
207
Group Debtors
Misc Debtors
3,325
Cash
3,568
15,489
misc current assets
1,011
total current assets
112,087
69,520
total assets
115,172
75,690
Bank overdraft
Bank loan
Trade Creditors
80,638
6,295
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
38,257
total current liabilities
80,638
44,552
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
41,273
40,365
provisions
total long term liabilities
41,273
40,365
total liabilities
121,911
84,917
net assets
-6,739
-9,227
total shareholders funds
-6,739
-9,227
May 2024
May 2023
Operating Activities
Operating Profit
2,817
-19,576
Depreciation
Amortisation
3,085
3,085
Tax
-829
Stock
48,048
49,488
Debtors
7,451
3,532
Creditors
74,343
6,295
Accruals and Deferred Income
-38,257
38,257
Deferred Taxes & Provisions
Cash flow from operations
-14,340
-24,959
Investing Activities
capital expenditure
-9,255
Change in Investments
cash flow from investments
-9,255
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
908
40,365
share issue
10,001
interest
500
349
cash flow from financing
1,408
50,715
cash and cash equivalents
cash
-11,921
15,489
overdraft
change in cash
-11,921
15,489
xo bikes limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for xo bikes limited. Get real-time insights into xo bikes limited's credit score, group structure and payment trends.
Perform a competitor analysis for xo bikes limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SE13 area or any other competitors across 12 key performance metrics.
xo bikes limited Ownership
XO BIKES LIMITED group structure
Xo Bikes Limited has no subsidiary companies.
Ultimate parent company
XO BIKES LIMITED
13913618
XO BIKES LIMITED Shareholders
The sole shareholder of Xo Bikes Limited is Onwards & Upwards.
onwards & upwards
100%
xo bikes limited directors
Xo Bikes Limited currently has 3 directors.
The longest serving directors include
Mr Stefan Jones (Feb 2022) and
Mr Ian Priest (Jul 2024).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024
net assets
-6.7k
-0.27%
total assets
115.2k
+0.52%
cash
3.6k
-0.77%
net assets
Total assets minus all liabilities
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xo bikes limited company details
company number
13913618
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
February 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
TC GROUP
auditor
-
address
22/23 lewisham centre, london, SE13 7EP
Bank
-
Legal Advisor
-
xo bikes 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 xo bikes limited.
xo bikes 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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xo bikes limitedCompanies House Filings - See Documents
