Labco Limited

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labco limited Company Information

Live

MatureSmallHealthy

Company Number

00962789

Website

www.labco.co.uk

Registered Address

level 5a maple house, 149 tottenham court road, london, W1T 7NF

Industry

Other manufacturing n.e.c.

Telephone

01570423745

Next Accounts Due

September 2024

Group Structure

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Directors

David Ashton31 Years

Gillian Ashton8 Years

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Shareholders

david edward ashton 100%

labco limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of LABCO LIMITED at £6.2m based on Net Assets of £3.3m and 1.86x industry multiple (adjusted for liquidity).

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Labco Limited is a live company located in london, W1T 7NF with a Companies House number of 00962789. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1969, it's largest shareholder is david edward ashton with a 100% stake. Labco Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.4%)

EXPORT

Labco Limited's latest turnover from December 2022 is estimated at £2.7 million and the company has net assets of £3.3 million. According to their latest financial statements, Labco Limited has 22 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,696,320	2,039,223	2,213,403	2,168,743	1,886,409	1,497,577	1,333,324	759,192	1,742,889	1,163,273	883,281	1,089,244	925,836	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,900,223	1,441,579	1,581,437	1,531,783	1,324,506	1,031,462	913,812	520,966	1,200,502	797,788	607,226	744,992	632,128	0
Gross Profit	796,097	597,643	631,966	636,960	561,903	466,115	419,511	238,226	542,387	365,485	276,056	344,251	293,708	0
Admin Expenses	732,065	560,661	294,567	238,178	138,953	46,564	13,270	-39,619	118,608	145,235	84,852	99,398	72,220	-127,326
Operating Profit	64,032	36,982	337,399	398,782	422,950	419,551	406,241	277,845	423,779	220,250	191,204	244,853	221,488	127,326
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	82,481	5,066	1,790	12,087	11,633	7,027	3,181	5,855	4,721	3,422	2,949	2,523	1,591	450
Pre-Tax Profit	146,512	42,048	339,189	410,869	434,583	426,578	409,423	283,700	428,500	223,673	194,153	247,376	223,079	127,776
Tax	-27,837	-7,989	-64,446	-78,065	-82,571	-81,050	-81,884	-56,740	-89,985	-51,445	-46,597	-64,318	-62,462	-35,777
Profit After Tax	118,675	34,059	274,743	332,804	352,012	345,528	327,538	226,960	338,515	172,228	147,556	183,058	160,617	91,999
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	118,675	34,059	274,743	332,804	352,012	345,528	327,538	226,960	338,515	172,228	147,556	183,058	160,617	91,999
Employee Costs	882,993	856,602	829,762	813,575	799,889	701,559	647,499	200,615	395,661	285,507	221,133	280,741	241,438	0
Number Of Employees	22	22	22	22	22	20	19	6	12	9	7	9	8	0
EBITDA*	69,120	43,341	347,460	408,605	422,950	433,733	427,885	310,290	457,884	249,470	235,827	252,183	224,252	135,430

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	6,850	0	3,430	12,545	17,355	14,563	23,668	25,092	55,280	60,752	60,226	41,161	40,938	40,534
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	6,850	0	3,430	12,545	17,355	14,563	23,668	25,092	55,280	60,752	60,226	41,161	40,938	40,534
Stock & work in progress	1,071,824	937,182	1,013,789	1,001,714	660,451	503,238	250,407	241,340	297,842	321,745	223,440	256,978	172,290	144,777
Trade Debtors	211,167	152,760	152,567	185,689	149,784	91,146	131,975	122,320	236,251	120,503	97,617	107,755	91,088	126,591
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	582,129	277,089	296,461	302,992	375,850	428,929	423,743	302,885	0	0	0	0	0	0
Cash	2,657,315	2,055,876	1,997,026	1,582,701	1,640,453	1,461,580	1,349,234	1,195,803	1,146,138	742,233	626,744	552,836	456,392	180,076
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,522,435	3,422,907	3,459,843	3,073,096	2,826,538	2,484,893	2,155,359	1,862,348	1,680,231	1,184,481	947,801	917,569	719,770	451,444
total assets	4,529,285	3,422,907	3,463,273	3,085,641	2,843,893	2,499,456	2,179,027	1,887,440	1,735,511	1,245,233	1,008,027	958,730	760,708	491,978
Bank overdraft	0	0	0	0	0	0	0	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	402,985	118,697	157,642	66,684	158,091	161,554	143,163	81,936	429,815	278,093	214,536	313,054	299,085	184,237
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	6,967
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	813,321	107,416	145,386	133,455	133,104	138,100	180,181	277,898	0	0	0	0	0	0
total current liabilities	1,216,306	226,113	303,028	200,139	291,195	299,654	323,344	359,834	429,815	278,093	214,536	313,054	299,085	191,204
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	2,490	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,687	1,687	1,687	1,687	1,687	803	2,212	1,673	6,723	6,682	5,261	5,002	4,007	3,775
total long term liabilities	1,687	4,177	1,687	1,687	1,687	803	2,212	1,673	6,723	6,682	5,261	5,002	4,007	3,775
total liabilities	1,217,993	230,290	304,715	201,826	292,882	300,457	325,556	361,507	436,538	284,775	219,797	318,056	303,092	194,979
net assets	3,311,292	3,192,617	3,158,558	2,883,815	2,551,011	2,198,999	1,853,471	1,525,933	1,298,973	960,458	788,230	640,674	457,616	296,999
total shareholders funds	3,311,292	3,192,617	3,158,558	2,883,815	2,551,011	2,198,999	1,853,471	1,525,933	1,298,973	960,458	788,230	640,674	457,616	296,999

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	64,032	36,982	337,399	398,782	422,950	419,551	406,241	277,845	423,779	220,250	191,204	244,853	221,488	127,326
Depreciation	5,088	6,359	10,061	9,823	0	14,182	21,644	32,445	34,105	29,220	44,623	7,330	2,764	8,104
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-27,837	-7,989	-64,446	-78,065	-82,571	-81,050	-81,884	-56,740	-89,985	-51,445	-46,597	-64,318	-62,462	-35,777
Stock	134,642	-76,607	12,075	341,263	157,213	252,831	9,067	-56,502	-23,903	98,305	-33,538	84,688	27,513	144,777
Debtors	363,447	-19,179	-39,653	-36,953	5,559	-35,643	130,513	188,954	115,748	22,886	-10,138	16,667	-35,503	126,591
Creditors	284,288	-38,945	90,958	-91,407	-3,463	18,391	61,227	-347,879	151,722	63,557	-98,518	13,969	114,848	184,237
Accruals and Deferred Income	705,905	-37,970	11,931	351	-4,996	-42,081	-97,717	277,898	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	884	-1,409	539	-5,050	41	1,421	259	995	232	3,775
Cash flow from operations	533,387	54,223	413,481	-64,826	170,032	110,396	170,470	46,067	427,817	141,812	134,647	101,474	284,860	16,297
Investing Activities
capital expenditure	-11,938	-2,929	-946	-5,013	-2,792	-5,077	-20,220	-2,257	-28,633	-29,746	-63,688	-7,553	-3,168	-48,638
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-11,938	-2,929	-946	-5,013	-2,792	-5,077	-20,220	-2,257	-28,633	-29,746	-63,688	-7,553	-3,168	-48,638
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	-6,967	6,967
Other Short Term Loans	0	0	0	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	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	-2,490	2,490	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	205,000
interest	82,481	5,066	1,790	12,087	11,633	7,027	3,181	5,855	4,721	3,422	2,949	2,523	1,591	450
cash flow from financing	79,991	7,556	1,790	12,087	11,633	7,027	3,181	5,855	4,721	3,422	2,949	2,523	-5,376	212,417
cash and cash equivalents
cash	601,439	58,850	414,325	-57,752	178,873	112,346	153,431	49,665	403,905	115,489	73,908	96,444	276,316	180,076
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	601,439	58,850	414,325	-57,752	178,873	112,346	153,431	49,665	403,905	115,489	73,908	96,444	276,316	180,076

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LABCO LIMITED group structure

Labco Limited has no subsidiary companies.

Ultimate parent company

LABCO LIMITED

00962789

LABCO LIMITED Shareholders

david edward ashton

100%

Labco Limited currently has 3 directors. The longest serving directors include Dr David Ashton (Feb 1993) and Mrs Gillian Ashton (Mar 2016).

officer	country	age	start	end	role
Dr David Ashton		85 years	Feb 1993	-	Director
Mrs Gillian Ashton	United Kingdom	73 years	Mar 2016	-	Director
Ms Rachel Page	United Kingdom	63 years	Apr 2022	-	Director

P&L

December 2022

turnover

2.7m

+32%

operating profit

64k

gross margin

29.6%

+0.74%

turnover

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

Balance Sheet

December 2022

net assets

3.3m

+0.04%

total assets

4.5m

+0.32%

cash

2.7m

+0.29%

net assets

Total assets minus all liabilities

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company number

00962789

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

September 1969

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

level 5a maple house, 149 tottenham court road, london, W1T 7NF

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 7 charges/mortgages relating to labco limited. Currently there are 0 open charges and 7 have been satisfied in the past.

labco limited Company Information

labco limited Estimated Valuation

labco limited Estimated Valuation

labco limited Estimated Valuation

Labco Limited Overview

Labco Limited Health Check

LABCO LIMITED financials

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