Luff Developments Limited

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luff developments limited Company Information

Live (In Liquidation)

MatureMicroDeclining

Company Number

00958763

Website

www.luff.co.uk

Registered Address

4 mount ephraim road, tunbridge wells, kent, TN1 1EE

Industry

Development of building projects

Buying and selling of own real estate

Telephone

01189781558

Next Accounts Due

890 days late

Group Structure

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Directors

June Luff32 Years

Gary Luff7 Years

View All

Shareholders

luff group ltd 100%

luff developments limited Estimated Valuation

£13.4m

Pomanda estimates the enterprise value of LUFF DEVELOPMENTS LIMITED at £13.4m based on Net Assets of £9.2m and 1.45x industry multiple (adjusted for liquidity).

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Luff Developments Limited is a live company located in kent, TN1 1EE with a Companies House number of 00958763. It operates in the development of building projects sector, SIC Code 41100. Founded in July 1969, it's largest shareholder is luff group ltd with a 100% stake. Luff Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £207.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Luff Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £207.3k, make it smaller than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (3%)

EXPORT

Luff Developments Limited's latest turnover from June 2020 is estimated at £207.3 thousand and the company has net assets of £9.2 million. According to their latest financial statements, we estimate that Luff Developments Limited has 1 employee and maintains cash reserves of £646.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	207,276	1,000,657	1,025,714	1,008,999	1,381,222	29,459,752	62,806,763	46,403,608	36,394,198	46,855,788	30,856,201
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	110,107	515,871	530,596	512,623	695,795	15,352,837	35,088,575	24,888,433	20,031,851	25,173,132	16,840,409
Gross Profit	97,169	484,786	495,118	496,376	685,427	14,106,915	27,718,188	21,515,175	16,362,347	21,682,655	14,015,792
Admin Expenses	1,324,017	-825,499	-2,423,157	226,305	2,088,500	13,464,515	27,633,126	21,510,386	15,570,909	20,287,126	10,656,015
Operating Profit	-1,226,848	1,310,285	2,918,275	270,071	-1,403,073	642,400	85,062	4,789	791,438	1,395,529	3,359,777
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	506	4,699	111,735	0	988	935	1,130	1,041	1,715	1,661	350
Pre-Tax Profit	-1,226,342	1,314,984	2,921,186	270,690	-1,402,085	643,335	86,192	5,830	793,153	1,397,191	3,360,126
Tax	0	-249,847	-555,025	-51,431	0	-128,667	-18,100	-1,341	-190,357	-363,270	-940,835
Profit After Tax	-1,226,342	1,065,137	2,366,161	219,259	-1,402,085	514,668	68,092	4,489	602,796	1,033,921	2,419,291
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,226,342	1,065,137	2,366,161	219,259	-1,402,085	514,668	68,092	4,489	602,796	1,033,921	2,419,291
Employee Costs	0	0	0	38,342	39,721	4,178,378	9,207,570	7,029,759	5,603,747	7,214,865	5,211,927
Number Of Employees	1	5	5	1	1	111	249	197	161	210	152
EBITDA*	-1,226,848	1,310,285	2,918,275	270,071	-1,403,073	642,400	85,062	4,789	791,438	1,395,529	3,359,777

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,057,779	1,424,357	1,062,518	1,062,518	1,062,518	2,662,562	2,662,562	2,662,562	2,662,562	2,662,562	2,662,562
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,057,779	1,424,357	1,062,518	1,062,518	1,062,518	2,662,562	2,662,562	2,662,562	2,662,562	2,662,562	2,662,562
Stock & work in progress	0	13,159,758	13,202,709	16,369,869	11,539,412	11,317,089	11,577,822	10,977,980	10,843,200	10,400,582	11,299,718
Trade Debtors	24,971	47,238	29,676	44,252	155,961	1,615,784	5,436,433	3,690,768	2,335,682	4,222,246	1,327,256
Group Debtors	4,128,352	2,993,875	784,010	619,546	31,490	0	0	0	0	0	0
Misc Debtors	419,367	500,997	1,873,596	1,355,749	1,681,188	0	0	0	0	0	0
Cash	646,357	365,207	887,892	276,612	218,320	176,990	197,031	255,094	161,215	524,683	139,908
misc current assets	16,007,200	0	0	0	0	0	0	0	0	0	0
total current assets	21,226,247	17,067,075	16,777,883	18,666,028	13,626,371	13,109,863	17,211,286	14,923,842	13,340,097	15,147,511	12,766,882
total assets	22,284,026	18,491,432	17,840,401	19,728,546	14,688,889	15,772,425	19,873,848	17,586,404	16,002,659	17,810,073	15,429,444
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	18,526	77,442	104,094	120,305	180,218	11,058,068	15,674,159	13,454,807	11,875,551	14,285,761	12,939,053
Group/Directors Accounts	10,507,409	9,222,983	9,160,793	14,387,246	10,731,778	0	0	0	0	0	0
other short term finances	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
other current liabilities	2,545,636	2,228,178	2,677,822	1,689,464	464,621	0	0	0	0	0	0
total current liabilities	13,071,571	11,528,603	11,942,709	16,197,015	11,376,617	11,058,068	15,674,159	13,454,807	11,875,551	14,285,761	12,939,053
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0
total liabilities	13,071,571	11,528,603	11,942,709	16,197,015	11,376,617	11,058,068	15,674,159	13,454,807	11,875,551	14,285,761	12,939,053
net assets	9,212,455	6,962,829	5,897,692	3,531,531	3,312,272	4,714,357	4,199,689	4,131,597	4,127,108	3,524,312	2,490,391
total shareholders funds	9,212,455	6,962,829	5,897,692	3,531,531	3,312,272	4,714,357	4,199,689	4,131,597	4,127,108	3,524,312	2,490,391

	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-1,226,848	1,310,285	2,918,275	270,071	-1,403,073	642,400	85,062	4,789	791,438	1,395,529	3,359,777
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-249,847	-555,025	-51,431	0	-128,667	-18,100	-1,341	-190,357	-363,270	-940,835
Stock	-13,159,758	-42,951	-3,167,160	4,830,457	222,323	-260,733	599,842	134,780	442,618	-899,136	11,299,718
Debtors	1,030,580	854,828	667,735	150,908	252,855	-3,820,649	1,745,665	1,355,086	-1,886,564	2,894,990	1,327,256
Creditors	-58,916	-26,652	-16,211	-59,913	-10,877,850	-4,616,091	2,219,352	1,579,256	-2,410,210	1,346,708	12,939,053
Accruals and Deferred Income	317,458	-449,644	988,358	1,224,843	464,621	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	11,160,872	-227,735	5,834,822	-3,597,795	-12,291,480	-20,976	-59,193	92,838	-365,183	383,113	2,731,021
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	-366,578	361,839	0	0	-1,600,044	0	0	0	0	0	2,662,562
cash flow from investments	366,578	-361,839	0	0	1,600,044	0	0	0	0	0	-2,662,562
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,284,426	62,190	-5,226,453	3,655,468	10,731,778	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	3,475,968	0	0	0	0	0	0	0	0	0	71,100
interest	506	4,699	111,735	0	988	935	1,130	1,041	1,715	1,661	350
cash flow from financing	4,760,900	66,889	-5,114,718	3,655,468	10,732,766	935	1,130	1,041	1,715	1,661	71,450
cash and cash equivalents
cash	281,150	-522,685	611,280	58,292	41,330	-20,041	-58,063	93,879	-363,468	384,775	139,908
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	281,150	-522,685	611,280	58,292	41,330	-20,041	-58,063	93,879	-363,468	384,775	139,908

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LUFF DEVELOPMENTS LIMITED group structure

Luff Developments Limited has no subsidiary companies.

Ultimate parent company

U K LAND LTD.

02599100

LUFF GROUP LIMITED

03289104

2 parents

LUFF DEVELOPMENTS LIMITED

00958763

LUFF DEVELOPMENTS LIMITED Shareholders

luff group ltd

100%

Luff Developments Limited currently has 3 directors. The longest serving directors include Mrs June Luff (Dec 1991) and Mr Gary Luff (Jul 2017).

officer	country	age	start	end	role
Mrs June Luff		85 years	Dec 1991	-	Director
Mr Gary Luff	England	61 years	Jul 2017	-	Director
Mrs Sharon Millett	England	59 years	Dec 2019	-	Director

P&L

June 2020

turnover

207.3k

-79%

operating profit

-1.2m

gross margin

46.9%

-3.24%

turnover

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

Balance Sheet

June 2020

net assets

9.2m

+0.32%

total assets

22.3m

+0.21%

cash

646.4k

+0.77%

net assets

Total assets minus all liabilities

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company number

00958763

Type

Private limited with Share Capital

industry

41100 - Development of building projects

68100 - Buying and selling of own real estate

incorporation date

July 1969

accounts

Small Company

ultimate parent company

U K LAND LTD.

previous names

luff building limited (July 1986)

last accounts submitted

June 2020

address

4 mount ephraim road, tunbridge wells, kent, TN1 1EE

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 48 charges/mortgages relating to luff developments limited. Currently there are 10 open charges and 38 have been satisfied in the past.

luff developments limited Company Information

luff developments limited Estimated Valuation

luff developments limited Estimated Valuation

luff developments limited Estimated Valuation

Luff Developments Limited Overview

Luff Developments Limited Health Check

LUFF DEVELOPMENTS LIMITED financials

luff developments limited Credit Report and Business Information

Luff Developments Limited Competitor Analysis

luff developments limited Ownership

luff developments limited directors

luff developments limited company details

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