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LXI REIT PLC
ONE, CURZON STREET, LONDON, W1J 5HBCompany Number: 10535081
Incorporation date: 21-Dec-2016
Status: Active
Entity type: Public Limited Company
SIC codes:
64306 Activities of real estate investment trusts
SUMMARY
This company is 7.3 years old and is currently active. It is controlled by Mrs Katharine Mary Longman. The latest reported revenue figure is GBP 21.6 million which is down -40% on the previous year. The company has 8 active officers (directors or partners) who are or were officers of 199 other companies, 96 (48.2%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: GROUP (12-Jun-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Mar-2019 | GBP | 21,567,000 | 37,299,000 | 129,000 | 3,312,000 | ||
| 01-Feb-2017 | GBP | 38,500,000 | 78,400,000 | 200,000 | 5,000,000 | ||
| 21-Dec-2016 | GBP | 9,339,000 | 22,074,000 | 43,000 | 1,151,000 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-2019 | GBP | 12,000 | 68,496,000 | 3,523,000 | 16,000 | 55,082,000 | |||
| 01-Feb-2017 | GBP | 13,400,000 | 24,000,000 | 16,100,000 | 5,200,000 | 423,200,000 | 128,700,000 | 648,000,000 | |
| 21-Dec-2016 | GBP | 12,000 | 7,000 | 15,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Mar-2019 | GBP | -47.60% | -424,861,000 | 1,317,398,450 | 892,537,450 | 1,098,261,950 |
| 01-Feb-2017 | GBP | 99.87% | 428,393,000 | 577,460 | 428,970,460 | 208,067,960 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | LDC NOMINEE SECRETARY LIMITED | 06 Mar 2023 | 18 Apr 2024 | 155 - 77 | ||
| Active | DC NOMINEE SECRETARY LIMITED | 06 Mar 2023 | 18 Apr 2024 | 1 - 0 | ||
| Resigned | APEX LISTED COMPANIES SERVICES (UK) LIMITED | 11 Jul 2017 | 06 Mar 2023 | 19 - 92 | ||
| Resigned | ANGHAM HALL UK SERVICES LLP | 27 Feb 2017 | 11 Jul 2017 | 0 - 1 | ||
| Resigned | Katharine Mary LONGMAN | 21 Dec 2016 | 27 Feb 2017 | 0 - 1 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Andrew Marc JONES | 05 Mar 2024 | Director | British | 95 - 2 | 1 (1.0%) | |
| Active | Mark Andrew STIRLING | 05 Mar 2024 | Director | British | 59 - 1 | 1 (1.7%) | |
| Active | Martin Francis MCGANN | 05 Mar 2024 | Director | British | 106 - 212 | 134 (42.1%) | |
| Active | Sandra Louise GUMM | 06 Jul 2022 | Director | Australian | 48 - 533 | 407 (70.1%) | |
| Active | Nicholas Mark LESLAU | 06 Jul 2022 | Director | British | 61 - 259 | 219 (68.4%) | |
| Active | Ismat LEVIN | 13 Jan 2022 | Director | British | 9 - 16 | 1 (4.0%) | |
| Active | Cyrus ARDALAN | 13 Jan 2022 | Director | British | 3 - 6 | 0 (0.0%) | |
| Active | Hugh Richard SEABORN | 13 Jan 2022 | Director | British | 32 - 18 | 1 (2.0%) | |
| Resigned | Patricia Marie DIMOND | 01 Jan 2020 | 19 Jul 2022 | Director | British | 4 - 1 | 0 (0.0%) |
| Resigned | Stephen Arthur HUBBARD | 27 Jan 2017 | 11 Mar 2022 | Company Director | British | 10 - 2 | 0 (0.0%) |
| Resigned | Colin Deverell SMITH | 27 Jan 2017 | 11 Mar 2022 | Company Director | British | 0 - 67 | 14 (20.9%) |
| Resigned | Jeannette Elaine ETHERDEN | 27 Jan 2017 | 15 Jul 2022 | Company Director | British | 0 - 4 | 0 (0.0%) |
| Resigned | John Liberty CARTWRIGHT | 27 Jan 2017 | 29 Nov 2023 | Company Director | British | 1 - 7 | 1 (12.5%) |
| Resigned | Katharine Mary LONGMAN | 21 Dec 2016 | 27 Jan 2017 | Solicitor | British | 0 - 14 | 9 (64.3%) |
| Resigned | William Alexander SAUNDERS | 21 Dec 2016 | 27 Jan 2017 | Solicitor | British | 4 - 44 | 21 (43.8%) |
Average tenure of active directors: 1.3 years
Average tenure of resigned directors: 3.6 years
Average active director Dissolution Rate: 23.7%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
| Company name | Share class | Shares at confimation date | |||
|---|---|---|---|---|---|
| 2021-03-01 | 2019-05-30 | 2019-03-01 | 2018-03-01 | ||
| LXI REIT PLC | ORDINARY | 5,996 100% | 1,001 100% | 3,997 100% | 2,998 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
LXI REIT PLC
Controlled companies below
- >75%:LXI PROPERTY HOLDINGS 1 LIMITED (10648443 - UK) active
- >75%:LXI FINCO LIMITED (14078874 - UK) active
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
64306 Activities of real estate investment trusts)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| .BIG YELLOW SELF STORAGE COMPANY LIMITED | 2 THE DEANS BRIDGE ROAD, BAGSHOT, SURREY, GU19 5AT | 05166173 | 2018-03-31 | 51,410,000 | 52,533,000 | |
| MANCO INVESTMENTS LTD | THE STABLES GOBLANDS FARM BUSINESS CTR, CEMETERY LANE, HADLOW, KENT, UNITED KINGDOM, TN11 0LT | 01871574 | 2017-12-31 | 27,761 | 0 | |
| GILBERT COOPER LTD | C/O HILLIER HOPKINS LLP, 249 SILBURY BOULEVARD, MILTON KEYNES, BUCKS, UNITED KINGDOM, MK9 1NA | 10691829 | 2018-03-31 | 3,540 | 0 |
68100-Buying and selling of own real estate 68209-Other letting and operating of own or leased real estate |
| AKROS INVESTMENTS LTD | UNITS 1 & 2 STATION CHAMBERS STATION CHAMBERS, HIGH STREET NORTH, LONDON, ENGLAND, E6 1JE | 08777615 | 2018-11-30 | 0 | 0 | |
| BERKSHIRE INVESTORS CLUB LIMITED | OVERDENE HOUSE, 49 CHURCH STREET, THEALE, BERKSHIRE, RG7 5BX | 08564215 | 2017-12-31 | 0 | 0 | |
| EWV PROPERTIES LIMITED | BANK HOUSE, 81 ST JUDES ROAD, ENGLEFIELD GREEN, SURREY, TW20 0DF | 08730525 | 2018-10-31 | 0 | 0 | |
| NOTREYA LTD | 28 WILTON ROAD, BEXHILL ON SEA, EAST SUSSEX, UNITED KINGDOM, TN40 1EZ | 10683210 | 2019-03-31 | 0 | 0 | |
| PROSPECT INVESTORS CLUB LTD | 24 KING STREET, READING, BERKSHIRE, RG1 2HE | 08875515 | 2019-03-31 | 0 | 0 | |
| COLMORE INVESTMENTS LTD | 97 PARK LANE, MAYFAIR, LONDON, LONDON, ENGLAND, W1K 7TG | 09542639 | 0000-00-00 | 0 | 0 | |
| INTU PROPERTIES PLC | 10 FLEET PLACE, LONDON, EC4M 7RB | 03685527 | 0000-00-00 | 0 | 0 | |
| LAND SECURITIES GROUP PLC | 100 VICTORIA STREET, LONDON, UNITED KINGDOM, SW1E 5JL | 04369054 | 0000-00-00 | 0 | 0 | |
| SEGRO PUBLIC LIMITED COMPANY | 1 NEW BURLINGTON PLACE, LONDON, ENGLAND, W1S 2HR | 00167591 | 0000-00-00 | 0 | 0 |
68100-Buying and selling of own real estate 70100-Activities of head offices |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| LXI REIT PLC | 0.9% | 3.7% | 7.1% | Medium |
| Other companies Active in the same sector | 1.5% | 3.8% | 9.2% | Medium |
| Age | 0.6% | 2.5% | 4.9% | Medium |
| Company Type | 1.7% | 4.0% | 5.9% | Medium |
| Accounts category | 0.6% | 1.5% | 2.5% | Medium |
| Accounting Month | 0.7% | 5.7% | 7.5% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
VALUATION (BETA)
Valuation ratios as at 2024-03-31
| Market Cap GBP | Enterprise Value GBP | PE | EV/Revenue | EV/EBITDA | |
|---|---|---|---|---|---|
| LXI REIT PLC | 11.4 | 2.6 | |||
| Real Estate Investment Trusts ( 34 companies) |
48,493,530,000 | 67,224,979,300 | 10.3 (median) |
12.3 (median) |
N/A |
