lab-craft limited Company Information
Company Number
00561371
Website
www.labcraft.co.ukRegistered 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
Shareholders
safe fleet uk limited 100%
lab-craft limited Estimated Valuation
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
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
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.
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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
4 Strong
3 Regular
5 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£12.5m)
- Lab-craft Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (5.5%)
- Lab-craft Limited
5.5% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
- Lab-craft Limited
35.1% - Industry AVG
Profitability
an operating margin of 46.6% make it more profitable than the average company (6.7%)
- Lab-craft Limited
6.7% - Industry AVG
Employees
with 34 employees, this is below the industry average (68)
34 - Lab-craft Limited
68 - Industry AVG
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)
- Lab-craft Limited
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £130.7k, this is less efficient (£188.6k)
- Lab-craft Limited
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is near the average (57 days)
- Lab-craft Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (36 days)
- Lab-craft Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 140 days, this is more than average (110 days)
- Lab-craft Limited
110 days - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 5,164,263 | 5,692,392 | |||||||||||||
Other Income Or Grants | 0 | 0 | |||||||||||||
Cost Of Sales | 2,540,294 | 2,905,767 | |||||||||||||
Gross Profit | 2,623,969 | 2,786,625 | |||||||||||||
Admin Expenses | 1,074,414 | 1,244,556 | |||||||||||||
Operating Profit | 1,549,555 | 1,542,069 | |||||||||||||
Interest Payable | 14,664 | 13,400 | |||||||||||||
Interest Receivable | 3,602 | 21,850 | |||||||||||||
Pre-Tax Profit | 1,538,493 | 1,550,519 | |||||||||||||
Tax | -232,318 | -262,952 | |||||||||||||
Profit After Tax | 1,306,175 | 1,287,567 | |||||||||||||
Dividends Paid | 4,541,094 | 502,498 | |||||||||||||
Retained Profit | -3,234,919 | 785,069 | |||||||||||||
Employee Costs | 1,245,509 | 1,318,292 | |||||||||||||
Number Of Employees | 34 | 37 | 46 | 48 | 57 | 51 | 43 | 36 | |||||||
EBITDA* | 1,694,512 | 1,725,695 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 141,548 | 190,292 | 252,533 | 468,181 | 1,995,986 | 2,048,975 | 1,988,163 | 1,960,651 | 1,903,668 | 1,898,527 | 1,644,442 | 1,723,862 | 1,641,324 | 1,496,537 | 1,296,441 |
Intangible Assets | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Investments & Other | 0 | 0 | 0 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,000 | 23,000 | 23,000 |
Total Fixed Assets | 141,548 | 190,292 | 252,533 | 468,205 | 1,996,010 | 2,048,999 | 1,988,187 | 1,960,675 | 1,903,692 | 1,898,551 | 1,644,466 | 1,723,886 | 1,664,348 | 1,519,561 | 1,319,465 |
Stock & work in progress | 1,108,553 | 1,502,592 | 1,571,555 | 1,154,967 | 1,361,766 | 1,040,847 | 961,903 | 803,489 | 552,699 | 677,775 | 619,764 | 844,507 | 749,682 | 618,246 | 648,441 |
Trade Debtors | 792,562 | 611,549 | 612,063 | 790,249 | 1,001,336 | 953,546 | 730,784 | 886,910 | 922,466 | 754,341 | 682,062 | 667,952 | 879,580 | 744,004 | 481,783 |
Group Debtors | 0 | 271,765 | 174,532 | 179,998 | 42,293 | 265,985 | 21,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 54,856 | 76,432 | 1,032,164 | 272,200 | 693,896 | 360,452 | 257,469 | 112,312 | 6,179 | 0 | 0 | 0 | 0 | 0 | 5,026 |
Cash | 2,201,825 | 988,682 | 774,951 | 553,409 | 1,664,017 | 1,482,647 | 1,320,162 | 1,320,378 | 1,213,245 | 690,682 | 983,158 | 278,539 | 55,598 | 99,819 | 193,194 |
misc current assets | 785,603 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,943,399 | 3,451,020 | 4,165,265 | 2,950,823 | 4,763,308 | 4,103,477 | 3,291,952 | 3,123,089 | 2,694,589 | 2,122,798 | 2,284,984 | 1,790,998 | 1,684,860 | 1,462,069 | 1,328,444 |
total assets | 5,084,947 | 3,641,312 | 4,417,798 | 3,419,028 | 6,759,318 | 6,152,476 | 5,280,139 | 5,083,764 | 4,598,281 | 4,021,349 | 3,929,450 | 3,514,884 | 3,349,208 | 2,981,630 | 2,647,909 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 8,250 | 34,839 | 34,235 | 33,642 | 33,059 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 350,184 | 410,676 | 469,743 | 166,378 | 253,638 | 291,486 | 202,385 | 335,879 | 709,317 | 568,763 | 605,943 | 563,293 | 591,564 | 414,126 | 374,882 |
Group/Directors Accounts | 764,312 | 953,095 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 4,644 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 281,974 | 193,562 | 464,933 | 1,048,156 | 535,491 | 196,830 | 309,741 | 442,344 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,396,470 | 1,557,333 | 934,676 | 1,222,784 | 823,968 | 522,551 | 550,412 | 811,282 | 709,317 | 568,763 | 605,943 | 563,293 | 591,564 | 414,126 | 374,882 |
loans | 0 | 0 | 0 | 156,750 | 619,183 | 652,327 | 686,443 | 721,904 | 619,406 | 654,204 | 691,219 | 721,959 | 754,115 | 711,181 | 830,186 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 16,689 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135,775 | 133,421 | 128,282 | 128,835 | 137,442 | 200,340 | 112,820 |
provisions | 33,098 | 40,049 | 55,144 | 67,442 | 109,196 | 109,196 | 78,958 | 78,958 | 78,958 | 58,712 | 54,566 | 53,447 | 44,296 | 64,296 | 22,447 |
total long term liabilities | 33,098 | 40,049 | 55,144 | 224,192 | 728,379 | 761,523 | 782,090 | 800,862 | 834,139 | 846,337 | 874,067 | 904,241 | 935,853 | 975,817 | 965,453 |
total liabilities | 1,429,568 | 1,597,382 | 989,820 | 1,446,976 | 1,552,347 | 1,284,074 | 1,332,502 | 1,612,144 | 1,543,456 | 1,415,100 | 1,480,010 | 1,467,534 | 1,527,417 | 1,389,943 | 1,340,335 |
net assets | 3,655,379 | 2,043,930 | 3,427,978 | 1,972,052 | 5,206,971 | 4,868,402 | 3,947,637 | 3,471,620 | 3,054,825 | 2,606,249 | 2,449,440 | 2,047,350 | 1,821,791 | 1,591,687 | 1,307,574 |
total shareholders funds | 3,655,379 | 2,043,930 | 3,427,978 | 1,972,052 | 5,206,971 | 4,868,402 | 3,947,637 | 3,471,620 | 3,054,825 | 2,606,249 | 2,449,440 | 2,047,350 | 1,821,791 | 1,591,687 | 1,307,574 |
Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 1,549,555 | 1,542,069 | |||||||||||||
Depreciation | 70,284 | 81,503 | 113,405 | 144,957 | 183,626 | 158,139 | 142,845 | 136,407 | 135,200 | 94,678 | 97,632 | 106,059 | 93,813 | 76,903 | 55,756 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -232,318 | -262,952 | |||||||||||||
Stock | -394,039 | -68,963 | 416,588 | -206,799 | 320,919 | 78,944 | 158,414 | 250,790 | -125,076 | 58,011 | -224,743 | 94,825 | 131,436 | -30,195 | 648,441 |
Debtors | -112,328 | -859,013 | 576,312 | -495,078 | 157,542 | 570,096 | 10,665 | 70,577 | 174,304 | 72,279 | 14,110 | -234,628 | 135,576 | 257,195 | 509,809 |
Creditors | -60,492 | -59,067 | 303,365 | -87,260 | -37,848 | 89,101 | -133,494 | -373,438 | 140,554 | -37,180 | 42,650 | -28,271 | 177,438 | 39,244 | 374,882 |
Accruals and Deferred Income | 88,412 | -271,371 | -583,223 | 512,665 | 338,661 | -112,911 | -132,603 | 442,344 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -6,951 | -15,095 | -12,298 | -41,754 | 0 | 30,238 | 0 | 0 | 20,246 | 4,146 | 1,119 | 9,151 | -20,000 | 41,849 | 22,447 |
Cash flow from operations | 2,547,722 | 1,285,095 | |||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | |||||||||||||
Change in Investments | 0 | 0 | -20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 |
cash flow from investments | 0 | 0 | |||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | -8,250 | -26,589 | 604 | 593 | 583 | 33,059 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -188,783 | 953,095 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | -156,750 | -462,433 | -33,144 | -34,116 | -35,461 | 102,498 | -34,798 | -37,015 | -30,740 | -32,156 | 42,934 | -119,005 | 830,186 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -21,333 | 21,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -135,775 | 2,354 | 5,139 | -553 | -8,607 | -62,898 | 87,520 | 112,820 |
share issue | |||||||||||||||
interest | -11,062 | 8,450 | |||||||||||||
cash flow from financing | -500,084 | -470,590 | |||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 1,213,143 | 213,731 | 221,542 | -1,110,608 | 181,370 | 162,485 | -216 | 107,133 | 522,563 | -292,476 | 704,619 | 222,941 | -44,221 | -93,375 | 193,194 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,213,143 | 213,731 | 221,542 | -1,110,608 | 181,370 | 162,485 | -216 | 107,133 | 522,563 | -292,476 | 704,619 | 222,941 | -44,221 | -93,375 | 193,194 |
lab-craft limited Credit Report and Business Information
Lab-craft Limited Competitor Analysis
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 directors
Lab-Craft Limited currently has 3 directors. The longest serving directors include Mr Robert Willing (Feb 2024) and Mr Paul Lucchi (Apr 2024).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Robert Willing | United States | 56 years | Feb 2024 | - | Director |
Mr Paul Lucchi | England | 56 years | Apr 2024 | - | Director |
Mr Brian Olsen | United Kingdom | 55 years | Apr 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
lab-craft limited Companies House Filings - See Documents
date | description | view/download |
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