Lam-plas (durham) Limited

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lam-plas (durham) limited Company Information

Live

MatureMidHealthy

Company Number

00997279

Next Accounts

Jun 2025

Industry

Manufacture of builders’ ware of plastic

Directors

John Hamilton

Leslie Siddle

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Shareholders

norma beattie pattison

marjorie siddle

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Group Structure

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Contact

Registered Address

valley road, castleside industrial estate, consett, durham, DH8 8JA

Website

www.lamplas.co.uk

lam-plas (durham) limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of LAM-PLAS (DURHAM) LIMITED at £3.8m based on a Turnover of £7.9m and 0.48x industry multiple (adjusted for size and gross margin).

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Lam-plas (durham) Limited is a live company located in consett, DH8 8JA with a Companies House number of 00997279. It operates in the manufacture of builders ware of plastic sector, SIC Code 22230. Founded in December 1970, it's largest shareholder is norma beattie pattison with a 26.7% stake. Lam-plas (durham) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Lam-Plas (Durham) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £7.9m, make it smaller than the average company (£19.6m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (10.2%)

EXPORT

Lam-Plas (Durham) Limited's latest turnover from September 2023 is estimated at £7.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Lam-Plas (Durham) Limited has 80 employees and maintains cash reserves of £28.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	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	7,903,620	7,071,013	5,551,968	5,620,398	6,153,991	6,186,628	6,430,599	6,147,103	4,052,689	4,472,239	4,821,586	2,963,693	4,170,952	3,999,341	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,754,147	5,180,722	4,052,839	4,129,781	4,436,272	4,440,715	4,664,673	4,363,190	2,879,071	3,138,521	3,402,418	2,110,117	2,950,875	2,795,791	0
Gross Profit	2,149,472	1,890,291	1,499,129	1,490,617	1,717,719	1,745,913	1,765,926	1,783,913	1,173,618	1,333,718	1,419,168	853,576	1,220,077	1,203,550	0
Admin Expenses	1,787,285	1,768,854	1,473,816	1,573,760	1,634,754	1,669,054	1,621,880	1,691,824	1,270,478	1,419,379	1,079,516	940,742	1,060,530	1,061,527	-929,425
Operating Profit	362,187	121,437	25,313	-83,143	82,965	76,859	144,046	92,089	-96,860	-85,661	339,652	-87,166	159,547	142,023	929,425
Interest Payable	26,758	40,900	33,509	22,218	15,838	21,929	24,162	18,965	20,068	25,008	26,562	30,857	34,976	37,383	18,863
Interest Receivable	3,517	4,507	292	161	249	202	43	38	121	85	4	319	672	500	146
Pre-Tax Profit	338,947	85,044	-7,904	-105,201	67,377	55,131	119,927	73,163	-116,807	-110,584	313,094	-117,704	125,243	105,140	910,708
Tax	-84,737	-16,158	0	0	-12,802	-10,475	-22,786	-14,632	0	0	-72,012	0	-32,563	-29,439	-254,998
Profit After Tax	254,210	68,886	-7,904	-105,201	54,575	44,656	97,141	58,530	-116,807	-110,584	241,082	-117,704	92,680	75,701	655,710
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	254,210	68,886	-7,904	-105,201	54,575	44,656	97,141	58,530	-116,807	-110,584	241,082	-117,704	92,680	75,701	655,710
Employee Costs	2,970,541	2,766,787	2,382,009	2,563,897	2,662,770	2,825,906	2,680,387	2,535,719	1,014,169	1,081,483	1,263,850	771,590	1,106,828	1,120,727	0
Number Of Employees	80	81	72	79	79	91	87	83	35	39	45	29	41	42	0
EBITDA*	425,723	183,263	86,801	5,917	186,051	171,643	220,858	156,934	-38,387	-28,398	408,308	-13,124	229,212	206,193	998,768

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	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	483,563	530,300	493,845	524,485	532,443	553,815	557,437	554,474	537,428	569,404	577,580	674,318	732,756	710,312	754,027
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	483,563	530,300	493,845	524,485	532,443	553,815	557,437	554,474	537,428	569,404	577,580	674,318	732,756	710,312	754,027
Stock & work in progress	508,379	573,378	482,220	445,167	470,546	534,569	463,488	502,475	353,858	344,608	274,194	317,050	369,664	317,485	262,718
Trade Debtors	1,098,539	1,108,410	920,319	677,823	838,313	586,698	908,527	802,240	820,620	1,047,003	1,174,461	687,007	978,001	827,806	704,711
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	149,704	157,782	99,722	179,964	113,777	105,018	160,872	115,642	0	0	0	0	0	0	0
Cash	28,816	105,156	295,473	289,096	32,450	33,972	19,821	14,485	15,617	32,829	995	449	127,267	141,689	58,438
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,785,438	1,944,726	1,797,734	1,592,050	1,455,086	1,260,257	1,552,708	1,434,842	1,190,095	1,424,440	1,449,650	1,004,506	1,474,932	1,286,980	1,025,867
total assets	2,269,001	2,475,026	2,291,579	2,116,535	1,987,529	1,814,072	2,110,145	1,989,316	1,727,523	1,993,844	2,027,230	1,678,824	2,207,688	1,997,292	1,779,894
Bank overdraft	0	0	0	0	0	0	287,883	266,944	86,394	241,686	60,070	67,484	65,756	61,956	316,943
Bank loan	62,435	413,255	336,724	0	133,712	179,444	0	0	0	0	0	0	0	0	0
Trade Creditors	558,692	625,973	557,974	411,097	567,261	390,806	524,141	574,369	752,072	719,143	681,964	494,448	824,983	672,642	530,770
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	190,879	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	7,974	7,975	6,118	13,613	22,576	14,203	21,756	9,319	7,112	9,076	11,617	14,840	17,340	4,940	1,951
other current liabilities	324,491	297,779	276,298	284,452	183,866	203,196	269,003	218,477	0	0	0	0	0	0	0
total current liabilities	953,592	1,344,982	1,177,114	900,041	907,415	787,649	1,102,783	1,069,109	845,578	969,905	753,651	576,772	908,079	739,538	849,664
loans	0	0	241,530	329,537	74,343	81,766	100,668	117,693	135,833	153,570	314,150	375,598	440,610	507,873	263,460
hp & lease commitments	0	0	0	6,118	19,731	13,192	19,885	12,846	14,974	22,424	900	9,007	23,848	7,410	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	119,378	188,223	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	119,378	188,223	241,530	335,655	94,074	94,958	120,553	130,539	150,807	175,994	315,050	384,605	464,458	515,283	263,460
total liabilities	1,072,970	1,533,205	1,418,644	1,235,696	1,001,489	882,607	1,223,336	1,199,648	996,385	1,145,899	1,068,701	961,377	1,372,537	1,254,821	1,113,124
net assets	1,196,031	941,821	872,935	880,839	986,040	931,465	886,809	789,668	731,138	847,945	958,529	717,447	835,151	742,471	666,770
total shareholders funds	1,196,031	941,821	872,935	880,839	986,040	931,465	886,809	789,668	731,138	847,945	958,529	717,447	835,151	742,471	666,770

	Sep 2023	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	362,187	121,437	25,313	-83,143	82,965	76,859	144,046	92,089	-96,860	-85,661	339,652	-87,166	159,547	142,023	929,425
Depreciation	63,536	61,826	61,488	89,060	103,086	94,784	76,812	64,845	58,473	57,263	68,656	74,042	69,665	64,170	69,343
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-84,737	-16,158	0	0	-12,802	-10,475	-22,786	-14,632	0	0	-72,012	0	-32,563	-29,439	-254,998
Stock	-64,999	91,158	37,053	-25,379	-64,023	71,081	-38,987	148,617	9,250	70,414	-42,856	-52,614	52,179	54,767	262,718
Debtors	-17,949	246,151	162,254	-94,303	260,374	-377,683	151,517	97,262	-226,383	-127,458	487,454	-290,994	150,195	123,095	704,711
Creditors	-67,281	67,999	146,877	-156,164	176,455	-133,335	-50,228	-177,703	32,929	37,179	187,516	-330,535	152,341	141,872	530,770
Accruals and Deferred Income	26,712	21,481	-8,154	100,586	-19,330	-65,807	50,526	218,477	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	383,365	-80,724	26,217	70,021	134,023	268,628	85,840	-62,803	211,675	65,825	79,214	-51	146,616	140,764	307,111
Investing Activities
capital expenditure	-16,799	-98,281	-30,848	-81,102	-81,714	-91,162	-79,775	-81,891	-26,497	-49,087	28,082	-15,604	-92,109	-20,455	-823,370
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,799	-98,281	-30,848	-81,102	-81,714	-91,162	-79,775	-81,891	-26,497	-49,087	28,082	-15,604	-92,109	-20,455	-823,370
Financing Activities
Bank loans	-350,820	76,531	336,724	-133,712	-45,732	179,444	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-190,879	190,879	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-241,530	-88,007	255,194	-7,423	-18,902	-17,025	-18,140	-17,737	-160,580	-61,448	-65,012	-67,263	244,413	263,460
Hire Purchase and Lease Commitments	-1	1,857	-13,613	-22,576	14,912	-14,246	19,476	79	-9,414	18,983	-11,330	-17,341	28,838	10,399	1,951
other long term liabilities	-68,845	188,223	0	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	0	11,060
interest	-23,241	-36,393	-33,217	-22,057	-15,589	-21,727	-24,119	-18,927	-19,947	-24,923	-26,558	-30,538	-34,304	-36,883	-18,717
cash flow from financing	-442,907	-11,312	11,008	267,728	-53,832	124,569	-21,668	-36,988	-47,098	-166,520	-99,336	-112,891	-72,729	217,929	257,754
cash and cash equivalents
cash	-76,340	-190,317	6,377	256,646	-1,522	14,151	5,336	-1,132	-17,212	31,834	546	-126,818	-14,422	83,251	58,438
overdraft	0	0	0	0	0	-287,883	20,939	180,550	-155,292	181,616	-7,414	1,728	3,800	-254,987	316,943
change in cash	-76,340	-190,317	6,377	256,646	-1,522	302,034	-15,603	-181,682	138,080	-149,782	7,960	-128,546	-18,222	338,238	-258,505

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAM-PLAS (DURHAM) LIMITED group structure

Lam-Plas (Durham) Limited has no subsidiary companies.

Ultimate parent company

LAM-PLAS (DURHAM) LIMITED

00997279

LAM-PLAS (DURHAM) LIMITED Shareholders

norma beattie pattison	26.65%
marjorie siddle	23.35%
john lloyd hamilton	20.65%
leslie vipond siddle	18.35%
michael john hamilton	6%
keith john siddle	5%

Lam-Plas (Durham) Limited currently has 3 directors. The longest serving directors include Mr John Hamilton (May 1991) and Mr Leslie Siddle (May 1991).

officer	age	start	end	role
Mr John Hamilton	88 years	May 1991	-	Director
Mr Leslie Siddle	93 years	May 1991	-	Director
Mr Keith Siddle	56 years	Sep 1998	-	Director

P&L

September 2023

turnover

7.9m

+12%

operating profit

362.2k

gross margin

27.2%

+1.73%

turnover

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

Balance Sheet

September 2023

net assets

1.2m

+0.27%

total assets

2.3m

-0.08%

cash

28.8k

-0.73%

net assets

Total assets minus all liabilities

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company number

00997279

Type

Private limited with Share Capital

industry

22230 - Manufacture of builders’ ware of plastic

incorporation date

December 1970

ultimate parent company

None

previous names

N/A

address

valley road, castleside industrial estate, consett, durham, DH8 8JA

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 lam-plas (durham) limited. Currently there are 5 open charges and 1 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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lam-plas (durham) limited Company Information

lam-plas (durham) limited Estimated Valuation

lam-plas (durham) limited Estimated Valuation

lam-plas (durham) limited Estimated Valuation

Lam-plas (durham) Limited Overview

Lam-plas (durham) Limited Health Check

LAM-PLAS (DURHAM) LIMITED financials

lam-plas (durham) limited Credit Report and Business Information

Lam-plas (durham) Limited Competitor Analysis

lam-plas (durham) limited Ownership

lam-plas (durham) limited directors

lam-plas (durham) limited company details

lam-plas (durham) limited Charges & Mortgages

lam-plas (durham) limited Capital Raised & Share Issues BETA

lam-plas (durham) limited Companies House Filings - See Documents