locx labs limited
locx labs limited Company Information
Company Number
14144723
Next Accounts
43 days late
Directors
Shareholders
anthony opoku-owusu
Group Structure
View All
Industry
Advertising agencies
+1Registered Address
barking enterprise centre, 50 cambridge road, barking, IG11 8FG
Website
-locx labs limited Estimated Valuation
Pomanda estimates the enterprise value of LOCX LABS LIMITED at £9.6k based on a Turnover of £28.4k and 0.34x industry multiple (adjusted for size and gross margin).
locx labs limited Estimated Valuation
Pomanda estimates the enterprise value of LOCX LABS LIMITED at £0 based on an EBITDA of £-2.2k and a 2.59x industry multiple (adjusted for size and gross margin).
locx labs limited Estimated Valuation
Pomanda estimates the enterprise value of LOCX LABS LIMITED at £0 based on Net Assets of £-2.2k and 2.19x industry multiple (adjusted for liquidity).
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Locx Labs Limited Overview
Locx Labs Limited is a live company located in barking, IG11 8FG with a Companies House number of 14144723. It operates in the advertising agencies sector, SIC Code 73110. Founded in May 2022, it's largest shareholder is anthony opoku-owusu with a 100% stake. Locx Labs Limited is a startup, micro sized company, Pomanda has estimated its turnover at £28.4k with unknown growth in recent years.
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Locx Labs Limited Health Check
Pomanda's financial health check has awarded Locx Labs Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £28.4k, make it smaller than the average company (£4.2m)
- Locx Labs Limited
£4.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Locx Labs Limited
- - Industry AVG
Production
with a gross margin of 23.8%, this company has a higher cost of product (50.6%)
- Locx Labs Limited
50.6% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (6.7%)
- Locx Labs Limited
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (22)
1 - Locx Labs Limited
22 - Industry AVG
Pay Structure
on an average salary of £55.4k, the company has an equivalent pay structure (£55.4k)
- Locx Labs Limited
£55.4k - Industry AVG
Efficiency
resulting in sales per employee of £28.4k, this is less efficient (£148.4k)
- Locx Labs Limited
£148.4k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (64 days)
- Locx Labs Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (36 days)
- Locx Labs Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Locx Labs Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Locx Labs Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 567.5%, this is a higher level of debt than the average (61.3%)
567.5% - Locx Labs Limited
61.3% - Industry AVG
LOCX LABS LIMITED financials
Locx Labs Limited's latest turnover from May 2023 is estimated at £28.4 thousand and the company has net assets of -£2.2 thousand. According to their latest financial statements, Locx Labs Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | |
|---|---|
| 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 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | |
|---|---|
| Tangible Assets | |
| Intangible Assets | |
| Investments & Other | |
| Debtors (Due After 1 year) | |
| Total Fixed Assets | |
| Stock & work in progress | |
| Trade Debtors | 465 |
| Group Debtors | |
| Misc Debtors | |
| Cash | |
| misc current assets | |
| total current assets | 465 |
| total assets | 465 |
| Bank overdraft | |
| Bank loan | |
| Trade Creditors | 2,639 |
| Group/Directors Accounts | |
| other short term finances | |
| hp & lease commitments | |
| other current liabilities | |
| total current liabilities | 2,639 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | |
| provisions | |
| total long term liabilities | |
| total liabilities | 2,639 |
| net assets | -2,174 |
| total shareholders funds | -2,174 |
| May 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | |
| Amortisation | |
| Tax | |
| Stock | |
| Debtors | 465 |
| Creditors | 2,639 |
| Accruals and Deferred Income | |
| 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 | |
| overdraft | |
| change in cash |
locx labs limited Credit Report and Business Information
Locx Labs Limited Competitor Analysis
Perform a competitor analysis for locx labs limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in IG11 area or any other competitors across 12 key performance metrics.
locx labs limited Ownership
LOCX LABS LIMITED group structure
Locx Labs Limited has no subsidiary companies.
Ultimate parent company
LOCX LABS LIMITED
14144723
locx labs limited directors
Locx Labs Limited currently has 1 director, Mr Anthony Opoku-Owusu serving since May 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Opoku-Owusu | 38 years | May 2022 | - | Director |
P&L
May 2023turnover
28.4k
0%
operating profit
-2.2k
0%
gross margin
23.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-2.2k
0%
total assets
465
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
locx labs limited company details
company number
14144723
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
70229 - Management consultancy activities (other than financial management)
incorporation date
May 2022
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
barking enterprise centre, 50 cambridge road, barking, IG11 8FG
Bank
-
Legal Advisor
-
locx labs 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 locx labs limited.
locx labs 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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locx labs limited Companies House Filings - See Documents
| date | description | view/download |
|---|
