lamex foods europe limited

3.5

lamex foods europe limited Company Information

Share LAMEX FOODS EUROPE LIMITED
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Company Number

00875838

Registered Address

2nd floor building b, turnford place, turnford broxbourne, hertfordshire, EN10 6NH

Industry

Non-specialised wholesale of food, beverages and tobacco

 

Telephone

01992473830

Next Accounts Due

December 2024

Group Structure

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Directors

Colin Dicker32 Years

Mark Ryder21 Years

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Shareholders

lamex food group ltd 100%

lamex foods europe limited Estimated Valuation

£98.3m

Pomanda estimates the enterprise value of LAMEX FOODS EUROPE LIMITED at £98.3m based on a Turnover of £336.7m and 0.29x industry multiple (adjusted for size and gross margin).

lamex foods europe limited Estimated Valuation

£25.4m

Pomanda estimates the enterprise value of LAMEX FOODS EUROPE LIMITED at £25.4m based on an EBITDA of £6m and a 4.21x industry multiple (adjusted for size and gross margin).

lamex foods europe limited Estimated Valuation

£39.8m

Pomanda estimates the enterprise value of LAMEX FOODS EUROPE LIMITED at £39.8m based on Net Assets of £19.8m and 2.01x industry multiple (adjusted for liquidity).

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Lamex Foods Europe Limited AI Business Plan

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Lamex Foods Europe Limited Overview

Lamex Foods Europe Limited is a live company located in turnford broxbourne, EN10 6NH with a Companies House number of 00875838. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in March 1966, it's largest shareholder is lamex food group ltd with a 100% stake. Lamex Foods Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £336.7m with high growth in recent years.

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Lamex Foods Europe Limited Health Check

Pomanda's financial health check has awarded Lamex Foods Europe Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £336.7m, make it larger than the average company (£33.6m)

£336.7m - Lamex Foods Europe Limited

£33.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.4%)

23% - Lamex Foods Europe Limited

5.4% - Industry AVG

production

Production

with a gross margin of 4.7%, this company has a higher cost of product (19.3%)

4.7% - Lamex Foods Europe Limited

19.3% - Industry AVG

profitability

Profitability

an operating margin of 1.7% make it less profitable than the average company (3.1%)

1.7% - Lamex Foods Europe Limited

3.1% - Industry AVG

employees

Employees

with 50 employees, this is below the industry average (75)

50 - Lamex Foods Europe Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £98.3k, the company has a higher pay structure (£35.7k)

£98.3k - Lamex Foods Europe Limited

£35.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £6.7m, this is more efficient (£383.3k)

£6.7m - Lamex Foods Europe Limited

£383.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (37 days)

20 days - Lamex Foods Europe Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 12 days, this is quicker than average (38 days)

12 days - Lamex Foods Europe Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 32 days, this is in line with average (39 days)

32 days - Lamex Foods Europe Limited

39 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (8 weeks)

7 weeks - Lamex Foods Europe Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77%, this is a higher level of debt than the average (58.1%)

77% - Lamex Foods Europe Limited

58.1% - Industry AVG

lamex foods europe limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lamex Foods Europe Limited Competitor Analysis

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Perform a competitor analysis for lamex foods europe limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

lamex foods europe limited Ownership

LAMEX FOODS EUROPE LIMITED group structure

Lamex Foods Europe Limited has 95 subsidiary companies.

Ultimate parent company

1 parent

LAMEX FOODS EUROPE LIMITED

00875838

95 subsidiaries

LAMEX FOODS EUROPE LIMITED Shareholders

lamex food group ltd 100%

lamex foods europe limited directors

Lamex Foods Europe Limited currently has 8 directors. The longest serving directors include Mr Colin Dicker (Aug 1991) and Mr Mark Ryder (Oct 2002).

officercountryagestartendrole
Mr Colin Dicker71 years Aug 1991- Director
Mr Mark RyderEngland56 years Oct 2002- Director
Mr Mark Grason50 years May 2013- Director
Mrs Christine Hawkes64 years Jan 2016- Director
Mrs Christine HawkesEngland64 years Jan 2016- Director
Mr Joe GabbitusEngland37 years Oct 2021- Director
Mr Mark Tompkins62 years Jan 2023- Director
Mr David Dalzell55 years Jan 2023- Director

LAMEX FOODS EUROPE LIMITED financials

EXPORTms excel logo

Lamex Foods Europe Limited's latest turnover from March 2023 is £336.7 million and the company has net assets of £19.8 million. According to their latest financial statements, Lamex Foods Europe Limited has 50 employees and maintains cash reserves of £10.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover336,743,733184,071,342180,395,341178,784,000190,919,000199,077,000202,096,000181,193,000170,047,451158,094,614735,980,000676,396,000534,751,000450,627,000
Other Income Or Grants00000000000000
Cost Of Sales320,784,144171,953,999170,447,680171,656,000185,513,000192,050,000193,748,000172,136,000160,447,977149,791,092696,296,000636,974,000500,916,000420,388,000
Gross Profit15,959,58912,117,3439,947,6617,128,0005,406,0007,027,0008,348,0009,057,0009,599,4748,303,52239,684,00039,422,00033,835,00030,239,000
Admin Expenses10,188,9359,903,3386,948,2334,557,0005,858,0006,364,0005,705,0003,550,0005,734,2054,810,12825,057,00024,986,00022,891,00020,345,000
Operating Profit5,770,6542,214,0052,999,4282,571,000-452,000663,0002,643,0005,507,0003,865,2693,493,39414,627,00014,436,00010,944,0009,894,000
Interest Payable671,145212,086239,406345,000442,000392,000309,000349,000336,318307,482710,000713,000574,000469,000
Interest Receivable152,313262,676266,6551,000186,000133,00034,00068,883,00069,51346,61911,00022,0009,0002,000
Pre-Tax Profit5,251,8222,264,5953,026,6772,227,000-708,000404,0002,368,0005,227,0003,598,4643,334,53113,928,00013,745,00010,379,0009,427,000
Tax-838,339-465,309-575,126-405,000028,000-520,000-1,067,000-784,547-836,861-4,064,000-4,261,000-3,450,000-3,618,000
Profit After Tax4,413,4831,799,2862,451,5511,822,000-708,000432,0001,848,0004,160,0002,813,9172,497,6709,864,0009,484,0006,929,0005,809,000
Dividends Paid000110,0000615,000002,257,07520,991,13500294,000272,000
Retained Profit4,413,4831,799,2862,451,5511,712,000-708,000-183,0001,848,0004,160,000556,842-18,493,4659,371,0008,282,0006,117,0004,888,000
Employee Costs4,916,1715,949,6434,451,7192,775,0002,805,0003,348,0004,483,0003,867,0003,766,3822,741,29017,066,00016,816,00016,474,00015,191,000
Number Of Employees50484443444547423938224236234241
EBITDA*6,025,9682,427,4203,201,4282,650,000-111,000770,0002,750,0005,609,0004,007,6323,627,05015,662,00015,363,00011,794,00010,734,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,519,635856,248531,320469,000877,000524,000498,000389,000346,338328,1923,758,0004,026,0003,655,0004,219,000
Intangible Assets00000000000000
Investments & Other22106000001078,6070000
Debtors (Due After 1 year)0100,000150,000200,0000000000006,312,000
Total Fixed Assets1,519,637956,250681,426669,000877,000524,000498,000389,000346,445336,7993,758,0004,026,0003,655,00010,531,000
Stock & work in progress28,298,51923,364,24121,451,85620,173,00014,977,00016,622,00020,855,00017,688,00018,110,63518,024,80871,905,00072,249,00059,673,00047,811,000
Trade Debtors18,643,50910,706,29813,055,15518,369,00010,197,00015,285,00018,340,00015,746,00014,653,30315,582,63055,174,00039,381,00029,318,00022,603,000
Group Debtors24,990,98222,161,48732,266,18620,547,00022,803,00025,921,00016,487,00015,256,0009,416,5689,900,74612,214,0008,833,0007,870,0000
Misc Debtors2,561,2194,520,5053,526,2004,302,0009,517,0002,637,0005,323,0007,868,0003,057,3203,886,9373,953,0005,451,0002,159,0001,927,000
Cash10,193,5073,841,4741,381,381679,000577,000821,0001,051,0005,647,0002,547,302592,0467,083,0007,907,0002,554,0004,516,000
misc current assets00000000000000
total current assets84,687,73664,594,00571,680,77864,070,00058,071,00061,286,00062,056,00062,205,00047,785,12847,987,167150,329,000133,821,000101,574,00076,857,000
total assets86,207,37365,550,25572,362,20464,739,00058,948,00061,810,00062,554,00062,594,00048,131,57348,323,966154,087,000137,847,000105,229,00087,388,000
Bank overdraft2,409,1461,590,279320,065314,0001,410,0002,010,0002,391,0003,607,0001,686,00311,834,62235,949,00035,872,00023,242,00016,461,000
Bank loan6,087,6033,807,2884,534,5524,467,0007,479,0007,714,00012,117,00012,079,0008,142,81000000
Trade Creditors 11,111,00011,062,9099,507,4089,514,00010,436,0008,398,00011,610,00011,332,0006,914,4538,864,30946,367,00038,773,00032,443,00028,769,000
Group/Directors Accounts38,665,99625,263,87833,794,14926,575,00021,165,00023,393,00015,316,00014,149,00015,228,80611,137,66200306,0000
other short term finances1,325,8061,060,8182,152,378155,000472,000393,000001,275,00300012,0004,000
hp & lease commitments26,28688,550139,1540161,0000023,0000015,00091,000136,000117,000
other current liabilities6,739,1776,873,8168,678,5629,771,0005,340,0006,963,0007,610,0009,773,0007,414,2969,143,80517,613,00019,563,00014,893,00014,068,000
total current liabilities66,365,01449,747,53859,126,26850,796,00046,463,00048,871,00049,044,00050,963,00040,661,37140,980,39899,944,00094,299,00071,032,00059,419,000
loans0000000000673,000723,000766,000815,000
hp & lease commitments0000254,00000000015,000106,00042,000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities0000254,00000000673,000738,000872,000857,000
total liabilities66,365,01449,747,53859,126,26850,796,00046,717,00048,871,00049,044,00050,963,00040,661,37140,980,398100,617,00095,037,00071,904,00060,276,000
net assets19,842,35915,802,71713,235,93613,943,00012,231,00012,939,00013,510,00011,631,0007,470,2027,343,56847,735,00037,568,00029,285,00023,590,000
total shareholders funds19,842,35915,802,71713,235,93613,943,00012,231,00012,939,00013,510,00011,631,0007,470,2027,343,56847,735,00037,568,00029,285,00023,590,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit5,770,6542,214,0052,999,4282,571,000-452,000663,0002,643,0005,507,0003,865,2693,493,39414,627,00014,436,00010,944,0009,894,000
Depreciation255,314213,415202,00079,000341,000107,000107,000102,000142,363133,6561,035,000927,000850,000840,000
Amortisation00000000000000
Tax-838,339-465,309-575,126-405,000028,000-520,000-1,067,000-784,547-836,861-4,064,000-4,261,000-3,450,000-3,618,000
Stock4,934,2781,912,3851,278,8565,196,000-1,645,000-4,233,0003,167,000-422,63585,827-53,880,192-344,00012,576,00011,862,00047,811,000
Debtors8,707,420-11,509,2515,579,541901,000-1,326,0003,693,0001,280,00011,742,809-2,243,122-41,970,68717,676,00014,318,0008,505,00030,842,000
Creditors48,0911,555,501-6,592-922,0002,038,000-3,212,000278,0004,417,547-1,949,856-37,502,6917,594,0006,330,0003,674,00028,769,000
Accruals and Deferred Income-134,639-1,804,746-1,092,4384,431,000-1,623,000-647,000-2,163,0002,358,704-1,729,509-8,469,195-1,950,0004,670,000825,00014,068,000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-8,540,61711,309,732-5,331,125-343,0003,275,000-2,521,000-4,102,000-1,9231,701,01552,669,182-90,000-4,792,000-7,524,000-28,700,000
Investing Activities
capital expenditure-918,701-538,343-264,320329,000-694,000-133,000-216,000-144,662-160,509-25,234-767,000-1,298,000-286,000-5,059,000
Change in Investments0-1041060000-107-8,5008,6070000
cash flow from investments-918,701-538,239-264,426329,000-694,000-133,000-216,000-144,555-152,009-33,841-767,000-1,298,000-286,000-5,059,000
Financing Activities
Bank loans2,280,315-727,26467,552-3,012,000-235,000-4,403,00038,0003,936,1908,142,81000000
Group/Directors Accounts13,402,118-8,530,2717,219,1495,410,000-2,228,0008,077,0001,167,000-1,079,8064,091,14411,137,6620-306,000306,0000
Other Short Term Loans 264,988-1,091,5601,997,378-317,00079,000393,0000-1,275,0031,275,00300-12,0008,0004,000
Long term loans000000000-673,000-50,000-43,000-49,000815,000
Hire Purchase and Lease Commitments-62,264-50,604139,154-415,000415,0000-23,00023,0000-15,000-91,000-136,00083,000159,000
other long term liabilities00000000000000
share issue-373,841767,495-3,158,61500-388,00031,000798-430,208-21,897,967796,0001,000-422,00018,702,000
interest-518,83250,59027,249-344,000-256,000-259,000-275,00068,534,000-266,805-260,863-699,000-691,000-565,000-467,000
cash flow from financing14,992,484-9,581,6146,291,8671,322,000-2,225,0003,420,000938,00070,139,17912,811,944-11,709,168-44,000-1,187,000-639,00019,213,000
cash and cash equivalents
cash6,352,0332,460,093702,381102,000-244,000-230,000-4,596,0003,099,6981,955,256-6,490,954-824,0005,353,000-1,962,0004,516,000
overdraft818,8671,270,2146,065-1,096,000-600,000-381,000-1,216,0001,920,997-10,148,619-24,114,37877,00012,630,0006,781,00016,461,000
change in cash5,533,1661,189,879696,3161,198,000356,000151,000-3,380,0001,178,70112,103,87517,623,424-901,000-7,277,000-8,743,000-11,945,000

P&L

March 2023

turnover

336.7m

+83%

operating profit

5.8m

+161%

gross margin

4.8%

-28.01%

turnover

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

Balance Sheet

March 2023

net assets

19.8m

+0.26%

total assets

86.2m

+0.32%

cash

10.2m

+1.65%

net assets

Total assets minus all liabilities

lamex foods europe limited company details

company number

00875838

Type

Private limited with Share Capital

industry

46390 - Non-specialised wholesale of food, beverages and tobacco

incorporation date

March 1966

age

58

accounts

Full Accounts

ultimate parent company

previous names

lamex foods uk limited (December 2015)

lamex foodsuk limited (February 2013)

See more

incorporated

UK

address

2nd floor building b, turnford place, turnford broxbourne, hertfordshire, EN10 6NH

last accounts submitted

March 2023

lamex foods europe 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 10 charges/mortgages relating to lamex foods europe limited. Currently there are 5 open charges and 5 have been satisfied in the past.

charges

lamex foods europe limited Companies House Filings - See Documents

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