lab-craft limited

4.5

lab-craft limited Company Information

Share LAB-CRAFT LIMITED
Live 
MatureSmallDeclining

Company Number

00561371

Registered Address

durite works valley road, dovercourt, essex, CO12 4RX

Industry

Manufacture of other electrical equipment

 

Manufacture of electric lighting equipment

 

Telephone

01799513434

Next Accounts Due

September 2025

Group Structure

View All

Directors

Robert Willing0 Years

Paul Lucchi0 Years

View All

Shareholders

safe fleet uk limited 100%

lab-craft limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of LAB-CRAFT LIMITED at £2.9m based on a Turnover of £4.4m and 0.66x industry multiple (adjusted for size and gross margin).

lab-craft limited Estimated Valuation

£10.5m

Pomanda estimates the enterprise value of LAB-CRAFT LIMITED at £10.5m based on an EBITDA of £2.1m and a 4.89x industry multiple (adjusted for size and gross margin).

lab-craft limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of LAB-CRAFT LIMITED at £7.4m based on Net Assets of £3.7m and 2.03x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Lab-craft Limited Overview

Lab-craft Limited is a live company located in essex, CO12 4RX with a Companies House number of 00561371. It operates in the manufacture of electric lighting equipment sector, SIC Code 27400. Founded in February 1956, it's largest shareholder is safe fleet uk limited with a 100% stake. Lab-craft Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Lab-craft Limited Health Check

Pomanda's financial health check has awarded Lab-Craft Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £4.4m, make it smaller than the average company (£12.5m)

£4.4m - Lab-craft Limited

£12.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (5.5%)

-5% - Lab-craft Limited

5.5% - Industry AVG

production

Production

with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)

35.1% - Lab-craft Limited

35.1% - Industry AVG

profitability

Profitability

an operating margin of 46.6% make it more profitable than the average company (6.7%)

46.6% - Lab-craft Limited

6.7% - Industry AVG

employees

Employees

with 34 employees, this is below the industry average (68)

34 - Lab-craft Limited

68 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)

£49.3k - Lab-craft Limited

£49.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £130.7k, this is less efficient (£188.6k)

£130.7k - Lab-craft Limited

£188.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 65 days, this is near the average (57 days)

65 days - Lab-craft Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is slower than average (36 days)

44 days - Lab-craft Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 140 days, this is more than average (110 days)

140 days - Lab-craft Limited

110 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 81 weeks, this is more cash available to meet short term requirements (13 weeks)

81 weeks - Lab-craft Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 28.1%, this is a lower level of debt than the average (45.6%)

28.1% - Lab-craft Limited

45.6% - Industry AVG

LAB-CRAFT LIMITED financials

EXPORTms excel logo

Lab-Craft Limited's latest turnover from December 2023 is estimated at £4.4 million and the company has net assets of £3.7 million. According to their latest financial statements, Lab-Craft Limited has 34 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Oct 2012Sep 2011Sep 2010Sep 2009
Turnover4,443,0514,157,4164,592,4805,164,2635,692,3924,975,1164,107,7214,097,0623,960,3143,404,5853,202,6503,409,2683,945,9213,212,6750
Other Income Or Grants000000000000000
Cost Of Sales2,885,8652,746,8293,082,4622,540,2942,905,7673,400,3382,730,8162,701,1342,586,0972,247,4502,129,3412,274,3402,569,0752,077,3190
Gross Profit1,557,1861,410,5861,510,0182,623,9692,786,6251,574,7781,376,9051,395,9281,374,2171,157,1351,073,3091,134,9271,376,8461,135,3560
Admin Expenses-511,6502,825,498-290,9171,074,4141,244,556401,067746,435835,152776,864919,101508,340791,0021,018,661691,393-1,703,684
Operating Profit2,068,836-1,414,9121,800,9351,549,5551,542,0691,173,711630,470560,776597,353238,034564,969343,925358,185443,9631,703,684
Interest Payable005,15614,66413,40047,47446,09542,94941,39243,72645,92847,97247,62250,09426,981
Interest Receivable79,76330,8641,6603,60221,85010,5113,3013,1674,7604,1853,154835389733483
Pre-Tax Profit2,148,599-1,384,0481,797,4401,538,4931,550,5191,136,747587,675520,994560,720198,492522,195296,788310,951394,6011,677,186
Tax-537,1500-341,514-232,318-262,952-215,982-111,658-104,199-112,144-41,683-120,105-71,229-80,847-110,488-469,612
Profit After Tax1,611,449-1,384,0481,455,9261,306,1751,287,567920,765476,017416,795448,576156,809402,090225,559230,104284,1131,207,574
Dividends Paid0004,541,094502,4980000000000
Retained Profit1,611,449-1,384,0481,455,926-3,234,919785,069920,765476,017416,795448,576156,809402,090225,559230,104284,1131,207,574
Employee Costs1,675,9331,742,8442,006,0451,245,5091,318,2922,108,2521,768,6961,387,656972,481825,968765,404795,430978,731866,7430
Number Of Employees34374648575143362623222329270
EBITDA*2,139,120-1,333,4091,914,3401,694,5121,725,6951,331,850773,315697,183732,553332,712662,601449,984451,998520,8661,759,440

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Oct 2012Sep 2011Sep 2010Sep 2009
Tangible Assets141,548190,292252,533468,1811,995,9862,048,9751,988,1631,960,6511,903,6681,898,5271,644,4421,723,8621,641,3241,496,5371,296,441
Intangible Assets000444444444444
Investments & Other000202020202020202020202020
Debtors (Due After 1 year)00000000000023,00023,00023,000
Total Fixed Assets141,548190,292252,533468,2051,996,0102,048,9991,988,1871,960,6751,903,6921,898,5511,644,4661,723,8861,664,3481,519,5611,319,465
Stock & work in progress1,108,5531,502,5921,571,5551,154,9671,361,7661,040,847961,903803,489552,699677,775619,764844,507749,682618,246648,441
Trade Debtors792,562611,549612,063790,2491,001,336953,546730,784886,910922,466754,341682,062667,952879,580744,004481,783
Group Debtors0271,765174,532179,99842,293265,98521,63400000000
Misc Debtors54,85676,4321,032,164272,200693,896360,452257,469112,3126,179000005,026
Cash2,201,825988,682774,951553,4091,664,0171,482,6471,320,1621,320,3781,213,245690,682983,158278,53955,59899,819193,194
misc current assets785,60300000000000000
total current assets4,943,3993,451,0204,165,2652,950,8234,763,3084,103,4773,291,9523,123,0892,694,5892,122,7982,284,9841,790,9981,684,8601,462,0691,328,444
total assets5,084,9473,641,3124,417,7983,419,0286,759,3186,152,4765,280,1395,083,7644,598,2814,021,3493,929,4503,514,8843,349,2082,981,6302,647,909
Bank overdraft000000000000000
Bank loan0008,25034,83934,23533,64233,0590000000
Trade Creditors 350,184410,676469,743166,378253,638291,486202,385335,879709,317568,763605,943563,293591,564414,126374,882
Group/Directors Accounts764,312953,0950000000000000
other short term finances000000000000000
hp & lease commitments0000004,64400000000
other current liabilities281,974193,562464,9331,048,156535,491196,830309,741442,3440000000
total current liabilities1,396,4701,557,333934,6761,222,784823,968522,551550,412811,282709,317568,763605,943563,293591,564414,126374,882
loans000156,750619,183652,327686,443721,904619,406654,204691,219721,959754,115711,181830,186
hp & lease commitments00000016,68900000000
Accruals and Deferred Income000000000000000
other liabilities00000000135,775133,421128,282128,835137,442200,340112,820
provisions33,09840,04955,14467,442109,196109,19678,95878,95878,95858,71254,56653,44744,29664,29622,447
total long term liabilities33,09840,04955,144224,192728,379761,523782,090800,862834,139846,337874,067904,241935,853975,817965,453
total liabilities1,429,5681,597,382989,8201,446,9761,552,3471,284,0741,332,5021,612,1441,543,4561,415,1001,480,0101,467,5341,527,4171,389,9431,340,335
net assets3,655,3792,043,9303,427,9781,972,0525,206,9714,868,4023,947,6373,471,6203,054,8252,606,2492,449,4402,047,3501,821,7911,591,6871,307,574
total shareholders funds3,655,3792,043,9303,427,9781,972,0525,206,9714,868,4023,947,6373,471,6203,054,8252,606,2492,449,4402,047,3501,821,7911,591,6871,307,574
Dec 2023Dec 2022Dec 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Oct 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit2,068,836-1,414,9121,800,9351,549,5551,542,0691,173,711630,470560,776597,353238,034564,969343,925358,185443,9631,703,684
Depreciation70,28481,503113,405144,957183,626158,139142,845136,407135,20094,67897,632106,05993,81376,90355,756
Amortisation000000000000000
Tax-537,1500-341,514-232,318-262,952-215,982-111,658-104,199-112,144-41,683-120,105-71,229-80,847-110,488-469,612
Stock-394,039-68,963416,588-206,799320,91978,944158,414250,790-125,07658,011-224,74394,825131,436-30,195648,441
Debtors-112,328-859,013576,312-495,078157,542570,09610,66570,577174,30472,27914,110-234,628135,576257,195509,809
Creditors-60,492-59,067303,365-87,260-37,84889,101-133,494-373,438140,554-37,18042,650-28,271177,43839,244374,882
Accruals and Deferred Income88,412-271,371-583,223512,665338,661-112,911-132,603442,3440000000
Deferred Taxes & Provisions-6,951-15,095-12,298-41,754030,2380020,2464,1461,1199,151-20,00041,84922,447
Cash flow from operations2,129,306-750,966287,7702,547,7221,285,095473,256226,481340,523731,981127,705796,898499,438261,577264,471528,907
Investing Activities
capital expenditure-21,540-19,262102,24700-218,951-170,357-193,390-140,341-348,763-18,212-188,597-238,600-276,999-1,352,201
Change in Investments00-200000000000020
cash flow from investments-21,540-19,262102,26700-218,951-170,357-193,390-140,341-348,763-18,212-188,597-238,600-276,999-1,352,221
Financing Activities
Bank loans00-8,250-26,58960459358333,0590000000
Group/Directors Accounts-188,783953,0950000000000000
Other Short Term Loans 000000000000000
Long term loans00-156,750-462,433-33,144-34,116-35,461102,498-34,798-37,015-30,740-32,15642,934-119,005830,186
Hire Purchase and Lease Commitments00000-21,33321,33300000000
other long term liabilities0000000-135,7752,3545,139-553-8,607-62,89887,520112,820
share issue0000-446,500000000000100,000
interest79,76330,864-3,496-11,0628,450-36,963-42,794-39,782-36,632-39,541-42,774-47,137-47,233-49,361-26,498
cash flow from financing-109,020983,959-168,496-500,084-470,590-91,819-56,339-40,000-69,076-71,417-74,067-87,900-67,197-80,8461,016,508
cash and cash equivalents
cash1,213,143213,731221,542-1,110,608181,370162,485-216107,133522,563-292,476704,619222,941-44,221-93,375193,194
overdraft000000000000000
change in cash1,213,143213,731221,542-1,110,608181,370162,485-216107,133522,563-292,476704,619222,941-44,221-93,375193,194

lab-craft 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 lab-craft limited. Get real-time insights into lab-craft limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Lab-craft Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for lab-craft limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in CO12 area or any other competitors across 12 key performance metrics.

lab-craft limited Ownership

LAB-CRAFT LIMITED group structure

Lab-Craft Limited has no subsidiary companies.

Ultimate parent company

SAFE FLEET ACQUISITION CORP

#0148947

2 parents

LAB-CRAFT LIMITED

00561371

LAB-CRAFT LIMITED Shareholders

safe fleet uk limited 100%

lab-craft limited directors

Lab-Craft Limited currently has 3 directors. The longest serving directors include Mr Robert Willing (Feb 2024) and Mr Paul Lucchi (Apr 2024).

officercountryagestartendrole
Mr Robert WillingUnited States56 years Feb 2024- Director
Mr Paul LucchiEngland56 years Apr 2024- Director
Mr Brian OlsenUnited Kingdom55 years Apr 2024- Director

P&L

December 2023

turnover

4.4m

+7%

operating profit

2.1m

0%

gross margin

35.1%

+3.3%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.7m

+0.79%

total assets

5.1m

+0.4%

cash

2.2m

+1.23%

net assets

Total assets minus all liabilities

lab-craft limited company details

company number

00561371

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

27400 - Manufacture of electric lighting equipment

incorporation date

February 1956

age

68

incorporated

UK

ultimate parent company

SAFE FLEET ACQUISITION CORP

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

HW FISHER LLP

auditor

-

address

durite works valley road, dovercourt, essex, CO12 4RX

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

lab-craft 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 found 11 charges/mortgages relating to lab-craft limited. Currently there are 0 open charges and 11 have been satisfied in the past.

charges

lab-craft limited Companies House Filings - See Documents

datedescriptionview/download