Langtec Limited

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langtec limited Company Information

Live

MatureSmallDeclining

Company Number

00613374

Website

www.langtec.co.uk

Registered Address

1 calder court, altham, accrington, lancashire, BB5 5YB

Industry

Manufacture of other plastic products

Telephone

01282772544

Next Accounts Due

74 days late

Group Structure

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Directors

Andrew Turner26 Years

Shareholders

langtec holdings ltd 100%

langtec limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of LANGTEC LIMITED at £1.3m based on a Turnover of £3.3m and 0.38x industry multiple (adjusted for size and gross margin).

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Langtec Limited is a live company located in accrington, BB5 5YB with a Companies House number of 00613374. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in October 1958, it's largest shareholder is langtec holdings ltd with a 100% stake. Langtec Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Langtec Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £3.3m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3.5%)

EXPORT

Langtec Limited's latest turnover from September 2022 is estimated at £3.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Langtec Limited has 42 employees and maintains cash reserves of £1.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,268,478	2,916,493	3,072,464	3,287,337	3,310,262	2,879,043	2,775,802	5,988,474	6,561,870	5,665,269	4,673,881	4,246,298	3,624,459	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,372,076	2,087,182	2,208,915	2,382,401	2,341,565	2,005,419	1,941,364	4,281,820	4,656,466	4,059,581	3,345,534	2,992,288	2,515,055	0
Gross Profit	896,403	829,311	863,548	904,936	968,696	873,624	834,438	1,706,653	1,905,405	1,605,688	1,328,347	1,254,010	1,109,404	0
Admin Expenses	975,736	864,494	940,328	661,561	889,676	801,490	727,585	1,644,620	1,891,237	1,538,603	1,239,184	1,224,129	959,198	-843,963
Operating Profit	-79,333	-35,183	-76,780	243,375	79,020	72,134	106,853	62,033	14,168	67,085	89,163	29,881	150,206	843,963
Interest Payable	5,704	5,011	4,505	2,002	216	601	401	0	0	0	0	0	0	0
Interest Receivable	24	0	0	42	44	3	3	6	8	4	2	371	370	1
Pre-Tax Profit	-85,013	-40,194	-81,285	241,415	78,848	71,536	106,455	62,039	14,176	67,090	89,164	30,251	150,576	843,964
Tax	0	0	0	-45,869	-14,981	-13,592	-21,291	-12,408	-2,977	-15,431	-21,399	-7,865	-42,161	-236,310
Profit After Tax	-85,013	-40,194	-81,285	195,546	63,867	57,944	85,164	49,631	11,199	51,659	67,765	22,386	108,415	607,654
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-85,013	-40,194	-81,285	195,546	63,867	57,944	85,164	49,631	11,199	51,659	67,765	22,386	108,415	607,654
Employee Costs	1,467,338	1,345,381	1,433,838	1,280,795	1,328,672	1,220,838	1,225,131	1,384,276	1,484,423	1,269,606	1,036,674	1,023,455	929,424	0
Number Of Employees	42	40	44	40	42	40	42	48	53	46	38	38	35	0
EBITDA*	-38,867	5,345	-28,888	294,750	135,477	129,795	171,738	133,707	84,634	136,382	152,876	97,190	209,078	910,173

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	235,138	258,974	268,053	300,292	333,402	351,296	370,603	426,827	455,055	484,975	399,472	388,158	346,749	372,997
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	235,138	258,974	268,053	300,292	333,402	351,296	370,603	426,827	455,055	484,975	399,472	388,158	346,749	372,997
Stock & work in progress	552,066	354,595	473,147	419,646	370,768	500,089	515,724	577,718	662,386	615,903	497,004	438,145	341,937	241,740
Trade Debtors	382,608	435,021	346,837	510,439	542,111	365,609	332,275	1,199,784	1,277,325	1,079,838	962,632	894,823	748,957	580,375
Group Debtors	821,362	913,331	889,626	884,226	724,226	724,226	726,374	0	0	0	0	0	0	0
Misc Debtors	55,077	115,309	122,548	82,523	57,846	84,555	74,130	0	0	0	0	0	0	0
Cash	1,744	401	26	289	10,999	766	1,491	676	1,637	1,366	406	314	147,897	242
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,812,857	1,818,657	1,832,184	1,897,123	1,705,950	1,675,245	1,649,994	1,778,178	1,941,348	1,697,107	1,460,042	1,333,282	1,238,791	822,357
total assets	2,047,995	2,077,631	2,100,237	2,197,415	2,039,352	2,026,541	2,020,597	2,205,005	2,396,403	2,182,082	1,859,514	1,721,440	1,585,540	1,195,354
Bank overdraft	31,624	25,914	25,115	32,544	0	6,405	12,830	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	236,335	260,206	190,972	280,699	273,286	296,556	243,078	1,164,585	1,393,434	1,174,772	937,887	854,894	773,403	482,739
Group/Directors Accounts	289,754	337,039	318,099	233,113	374,385	454,528	523,060	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	264,620	108,547	166,665	201,372	155,986	97,224	127,745	0	0	0	0	0	0	0
total current liabilities	822,333	731,706	700,851	747,728	803,657	854,713	906,713	1,164,585	1,393,434	1,174,772	937,887	854,894	773,403	482,739
loans	30,746	50,000	63,267	26,775	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	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
other liabilities	0	0	0	0	0	0	0	0	5,180	20,720	8,762	21,902	0	8,893
provisions	30,178	46,174	46,174	51,682	60,011	60,011	60,011	71,711	78,711	78,711	56,645	56,189	46,068	46,068
total long term liabilities	60,924	96,174	109,441	78,457	60,011	60,011	60,011	71,711	83,891	99,431	65,407	78,091	46,068	54,961
total liabilities	883,257	827,880	810,292	826,185	863,668	914,724	966,724	1,236,296	1,477,325	1,274,203	1,003,294	932,985	819,471	537,700
net assets	1,164,738	1,249,751	1,289,945	1,371,230	1,175,684	1,111,817	1,053,873	968,709	919,078	907,879	856,220	788,455	766,069	657,654
total shareholders funds	1,164,738	1,249,751	1,289,945	1,371,230	1,175,684	1,111,817	1,053,873	968,709	919,078	907,879	856,220	788,455	766,069	657,654

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-79,333	-35,183	-76,780	243,375	79,020	72,134	106,853	62,033	14,168	67,085	89,163	29,881	150,206	843,963
Depreciation	40,466	40,528	47,892	51,375	56,457	57,661	64,885	71,674	70,466	69,297	63,713	67,309	58,872	66,210
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-45,869	-14,981	-13,592	-21,291	-12,408	-2,977	-15,431	-21,399	-7,865	-42,161	-236,310
Stock	197,471	-118,552	53,501	48,878	-129,321	-15,635	-61,994	-84,668	46,483	118,899	58,859	96,208	100,197	241,740
Debtors	-204,614	104,650	-118,177	153,005	149,793	41,611	-67,005	-77,541	197,487	117,206	67,809	145,866	168,582	580,375
Creditors	-23,871	69,234	-89,727	7,413	-23,270	53,478	-921,507	-228,849	218,662	236,885	82,993	81,491	290,664	482,739
Accruals and Deferred Income	156,073	-58,118	-34,707	45,386	58,762	-30,521	127,745	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-15,996	0	-5,508	-8,329	0	0	-11,700	-7,000	0	22,066	456	10,121	0	46,068
Cash flow from operations	84,482	30,363	-94,154	91,468	135,516	113,184	-526,016	47,659	56,349	143,797	88,258	-61,137	188,802	380,555
Investing Activities
capital expenditure	-16,630	-31,449	-15,653	-18,265	-38,563	-38,354	-8,661	-43,446	-40,546	-154,800	-75,027	-108,718	-32,624	-439,207
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,630	-31,449	-15,653	-18,265	-38,563	-38,354	-8,661	-43,446	-40,546	-154,800	-75,027	-108,718	-32,624	-439,207
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-47,285	18,940	84,986	-141,272	-80,143	-68,532	523,060	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
Long term loans	-19,254	-13,267	36,492	26,775	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-5,180	-15,540	11,958	-13,140	21,902	-8,893	8,893
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	50,000
interest	-5,680	-5,011	-4,505	-1,960	-172	-598	-398	6	8	4	2	371	370	1
cash flow from financing	-72,219	662	116,973	-116,457	-80,315	-69,130	522,662	-5,174	-15,532	11,962	-13,138	22,273	-8,523	58,894
cash and cash equivalents
cash	1,343	375	-263	-10,710	10,233	-725	815	-961	271	960	92	-147,583	147,655	242
overdraft	5,710	799	-7,429	32,544	-6,405	-6,425	12,830	0	0	0	0	0	0	0
change in cash	-4,367	-424	7,166	-43,254	16,638	5,700	-12,015	-961	271	960	92	-147,583	147,655	242

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LANGTEC LIMITED group structure

Langtec Limited has no subsidiary companies.

Ultimate parent company

CARP INDUSTRIES LIMITED

09593879

LANGTEC HOLDINGS LIMITED

02822173

2 parents

LANGTEC LIMITED

00613374

LANGTEC LIMITED Shareholders

langtec holdings ltd

100%

Langtec Limited currently has 1 director, Mr Andrew Turner serving since Mar 1998.

officer	country	age	start	end	role
Mr Andrew Turner	United Kingdom	64 years	Mar 1998	-	Director

P&L

September 2022

turnover

3.3m

+12%

operating profit

-79.3k

gross margin

27.5%

-3.55%

turnover

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

Balance Sheet

September 2022

net assets

1.2m

-0.07%

total assets

-0.01%

cash

1.7k

+3.35%

net assets

Total assets minus all liabilities

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company number

00613374

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

October 1958

accounts

Total Exemption Full

ultimate parent company

CARP INDUSTRIES LIMITED

previous names

langley insulation limited (February 1984)

last accounts submitted

September 2022

address

1 calder court, altham, accrington, lancashire, BB5 5YB

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 6 charges/mortgages relating to langtec limited. Currently there are 4 open charges and 2 have been satisfied in the past.

langtec limited Company Information

langtec limited Estimated Valuation

langtec limited Estimated Valuation

langtec limited Estimated Valuation

Langtec Limited Overview

Langtec Limited Health Check

LANGTEC LIMITED financials

langtec limited Credit Report and Business Information

Langtec Limited Competitor Analysis

langtec limited Ownership

langtec limited directors

langtec limited company details

langtec limited Charges & Mortgages

langtec limited Companies House Filings - See Documents