labcorp early development laboratories limited

3.5

labcorp early development laboratories limited Company Information

Share LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED
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MatureMegaHigh

Company Number

01171833

Registered Address

otley rd, harrogate, HG3 1PY

Industry

Research and experimental development on biotechnology

 

Telephone

01423500011

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Pringle14 Years

Glenn Eisenberg5 Years

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Shareholders

clearstone holdings (international) limited 100%

labcorp early development laboratories limited Estimated Valuation

£456.9m

Pomanda estimates the enterprise value of LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED at £456.9m based on a Turnover of £273.5m and 1.67x industry multiple (adjusted for size and gross margin).

labcorp early development laboratories limited Estimated Valuation

£238.6m

Pomanda estimates the enterprise value of LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED at £238.6m based on an EBITDA of £33.8m and a 7.06x industry multiple (adjusted for size and gross margin).

labcorp early development laboratories limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED at £1b based on Net Assets of £482.9m and 2.15x industry multiple (adjusted for liquidity).

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Labcorp Early Development Laboratories Limited Overview

Labcorp Early Development Laboratories Limited is a live company located in harrogate, HG3 1PY with a Companies House number of 01171833. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in May 1974, it's largest shareholder is clearstone holdings (international) limited with a 100% stake. Labcorp Early Development Laboratories Limited is a mature, mega sized company, Pomanda has estimated its turnover at £273.5m with high growth in recent years.

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Labcorp Early Development Laboratories Limited Health Check

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

Health Check Image
Health Rating3.5out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £273.5m, make it larger than the average company (£3.5m)

£273.5m - Labcorp Early Development Laboratories Limited

£3.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (14.1%)

30% - Labcorp Early Development Laboratories Limited

14.1% - Industry AVG

production

Production

with a gross margin of 16%, this company has a higher cost of product (53%)

16% - Labcorp Early Development Laboratories Limited

53% - Industry AVG

profitability

Profitability

an operating margin of -5% make it less profitable than the average company (-0.4%)

-5% - Labcorp Early Development Laboratories Limited

-0.4% - Industry AVG

employees

Employees

with 3012 employees, this is above the industry average (44)

3012 - Labcorp Early Development Laboratories Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.3k, the company has a lower pay structure (£77.9k)

£43.3k - Labcorp Early Development Laboratories Limited

£77.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.8k, this is less efficient (£136.2k)

£90.8k - Labcorp Early Development Laboratories Limited

£136.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 122 days, this is later than average (51 days)

122 days - Labcorp Early Development Laboratories Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 22 days, this is quicker than average (70 days)

22 days - Labcorp Early Development Laboratories Limited

70 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is less than average (48 days)

12 days - Labcorp Early Development Laboratories Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (35 weeks)

17 weeks - Labcorp Early Development Laboratories Limited

35 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25.1%, this is a lower level of debt than the average (50%)

25.1% - Labcorp Early Development Laboratories Limited

50% - Industry AVG

LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED financials

EXPORTms excel logo

Labcorp Early Development Laboratories Limited's latest turnover from December 2022 is £273.5 million and the company has net assets of £482.9 million. According to their latest financial statements, Labcorp Early Development Laboratories Limited has 3,012 employees and maintains cash reserves of £54.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover273,477,000279,591,000244,901,000125,711,000124,919,000111,519,00096,440,000111,401,00098,765,00095,949,00095,929,00099,636,85290,985,20581,132,387
Other Income Or Grants00000000000000
Cost Of Sales229,706,000213,632,000201,188,00099,812,00094,337,00088,012,00079,841,00082,278,00076,606,00076,425,00077,105,00084,458,72672,414,29362,004,083
Gross Profit43,771,00065,959,00043,713,00025,899,00030,582,00023,507,00016,599,00029,123,00022,159,00019,524,00018,824,00015,178,12618,570,91219,128,304
Admin Expenses57,326,00059,929,00030,285,0003,062,00016,257,00016,853,00015,175,00022,421,00013,051,00013,417,00016,387,00014,479,50812,300,22214,902,631
Operating Profit-13,555,0006,030,00013,428,00022,837,00014,325,0006,654,0001,424,0006,702,0009,108,0006,107,0002,437,000698,6186,270,6904,225,673
Interest Payable1,256,0001,679,000733,000245,000608,000768,000268,00090,000392,0004,317,0004,176,000937,0004,262,0003,815,000
Interest Receivable757,00088,00016,213,000249,00064,00030,00041,00065,000167,0005,927,0005,839,000396,7504,972,1854,001,254
Pre-Tax Profit-14,054,0004,439,00028,908,00022,841,00018,192,0005,916,0001,197,0006,857,0009,667,0007,717,0001,905,000-5,439,9917,651,7165,094,822
Tax-6,410,000-7,597,000-7,393,000-4,149,000-3,337,000-1,793,000-1,878,000-887,000-1,452,000-1,131,0002,452,0003,763,5332,714,5172,476,564
Profit After Tax-20,464,000-3,158,00021,515,00018,692,00014,855,0004,123,000-681,0005,970,0008,215,0006,586,0004,357,000-1,676,45810,366,2337,571,386
Dividends Paid00494,0000015,000,000039,000,000000000
Retained Profit-20,464,000-3,158,00021,021,00018,692,00014,855,000-10,877,000-681,000-33,030,0008,215,0006,586,0004,357,000-1,676,45810,366,2337,571,386
Employee Costs130,398,000135,866,000105,449,00048,476,00056,631,00052,188,00046,143,00058,581,00046,588,00043,736,00046,918,00048,084,55241,923,97237,947,603
Number Of Employees3,0123,1572,4181,3821,3081,2481,1591,1781,1031,0511,0861,1941,1511,135
EBITDA*33,793,00050,914,00048,089,00029,423,00021,428,00013,595,0008,365,00014,492,00018,072,00014,528,00010,886,0009,342,19714,231,90911,733,161

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets129,537,000130,894,000109,151,00049,433,00049,609,00049,551,00047,176,00048,705,00057,232,00059,509,00063,021,00065,231,74469,869,07665,181,987
Intangible Assets248,744,000283,054,000317,363,0000000072,000159,000246,000333,362420,3260
Investments & Other000395,824,0000000291,0004,950,0009,898,0006,280,91511,314,47411,314,474
Debtors (Due After 1 year)11,704,0007,348,0004,582,0005,286,0004,775,0004,828,00011,012,0000000000
Total Fixed Assets389,985,000421,296,000431,096,000450,543,00054,384,00054,379,00058,188,00048,705,00057,595,00064,618,00073,165,00071,846,02181,603,87676,496,461
Stock & work in progress7,731,0004,677,0006,534,0003,504,0001,559,0001,735,0001,379,0001,084,0001,253,000974,0002,894,0003,048,4386,613,4496,988,369
Trade Debtors91,815,000160,270,000131,282,00022,002,00021,895,00021,508,00018,505,00026,947,00017,287,00015,080,00017,320,00011,640,28210,531,2669,406,425
Group Debtors1,753,0002,076,000992,0002,056,000762,0001,072,0000701,0004,784,0003,452,000172,00098,71200
Misc Debtors98,346,00015,944,00045,531,00031,109,00031,394,00026,397,00020,962,00018,006,00021,716,00020,086,00021,287,00015,201,75615,794,96914,239,450
Cash54,755,00060,672,00042,353,00035,275,00036,109,00024,066,00032,321,00069,596,00041,682,00030,964,00016,349,00025,410,02119,318,74414,647,369
misc current assets00000000000000
total current assets254,400,000243,639,000226,692,00093,946,00091,719,00074,778,00073,167,000116,334,00086,722,00070,556,00058,022,00055,399,20952,258,42845,281,613
total assets644,385,000664,935,000657,788,000544,489,000146,103,000129,157,000131,355,000165,039,000144,317,000135,174,000131,187,000127,245,230133,862,304121,778,074
Bank overdraft41,037,00047,655,00029,525,00023,840,00029,109,00013,949,00020,759,00053,839,000000000
Bank loan00000000000000
Trade Creditors 14,384,0009,032,0008,368,0005,952,0006,289,0007,743,0005,824,0005,392,0005,947,0003,976,0003,090,0002,238,8232,033,9043,212,895
Group/Directors Accounts37,400,00026,849,00023,833,0001,116,0003,794,00015,000,0004,316,000000001,804,600108,878
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities65,820,00065,380,00061,860,00024,048,00023,883,00025,071,00021,652,00028,565,00025,848,00024,162,00021,925,00024,743,23324,550,47719,082,237
total current liabilities158,641,000148,916,000123,586,00054,956,00063,075,00061,763,00052,551,00087,796,00031,795,00028,138,00025,015,00026,982,05628,388,98122,404,010
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions2,859,000006,560,0005,853,0003,854,0002,242,0002,413,0005,793,000001,777,4676,412,07010,032,106
total long term liabilities2,859,00022,795,00062,066,00012,088,0007,711,00016,932,00031,614,00011,627,0005,793,000001,777,4676,642,74911,210,026
total liabilities161,500,000171,711,000185,652,00067,044,00070,786,00078,695,00084,165,00099,423,00037,588,00028,138,00025,015,00028,759,52335,031,73033,614,036
net assets482,885,000493,224,000472,136,000477,445,00075,317,00050,462,00047,190,00065,616,000106,729,000107,036,000106,172,00098,485,70798,830,57488,164,038
total shareholders funds482,885,000493,224,000472,136,000477,445,00075,317,00050,462,00047,190,00065,616,000106,729,000107,036,000106,172,00098,485,70798,830,57488,164,038
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-13,555,0006,030,00013,428,00022,837,00014,325,0006,654,0001,424,0006,702,0009,108,0006,107,0002,437,000698,6186,270,6904,225,673
Depreciation13,038,00010,575,0008,929,0006,586,0007,103,0006,941,0006,941,0007,718,0008,877,0008,334,0008,362,0008,556,6157,946,7257,507,488
Amortisation34,310,00034,309,00025,732,000000072,00087,00087,00087,00086,96414,4940
Tax-6,410,000-7,597,000-7,393,000-4,149,000-3,337,000-1,793,000-1,878,000-887,000-1,452,000-1,131,0002,452,0003,763,5332,714,5172,476,564
Stock3,054,000-1,857,0003,030,0001,945,000-176,000356,000295,000-169,000279,000-1,920,000-154,438-3,565,011-374,9206,988,369
Debtors17,980,0003,251,000121,934,0001,627,0005,021,0003,326,0004,825,0001,867,0005,169,000-161,00011,838,250614,5152,680,36023,645,875
Creditors5,352,000664,0002,416,000-337,000-1,454,0001,919,000432,000-555,0001,971,000886,000851,177204,919-1,178,9913,212,895
Accruals and Deferred Income440,0003,520,00037,812,000165,000-1,188,0003,419,000-6,913,0002,717,0001,686,0002,237,000-2,818,233192,7565,468,24019,082,237
Deferred Taxes & Provisions2,859,0000-6,560,000707,0001,999,0001,612,000-171,000-3,380,0005,793,0000-1,777,467-4,634,603-3,620,03610,032,106
Cash flow from operations15,000,00046,107,000-50,600,00022,237,00012,603,00015,070,000-5,285,00010,689,00020,622,00018,601,000-2,090,33511,819,29815,310,19915,902,719
Investing Activities
capital expenditure-11,681,000-32,318,000-411,742,000-6,410,000-7,161,000-9,316,000-5,412,000809,000-6,600,000-4,822,000-6,150,894-3,919,283-13,068,634-72,689,475
Change in Investments00-395,824,000395,824,000000-291,000-4,659,000-4,948,0003,617,085-5,033,559011,314,474
cash flow from investments-11,681,000-32,318,000-15,918,000-402,234,000-7,161,000-9,316,000-5,412,0001,100,000-1,941,000126,000-9,767,9791,114,276-13,068,634-84,003,949
Financing Activities
Bank loans00000000000000
Group/Directors Accounts10,551,0003,016,00022,717,000-2,678,000-11,206,00010,684,0004,316,0000000-1,804,6001,695,722108,878
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue10,125,00024,246,000-26,330,000383,436,00010,000,00014,149,000-17,745,000-8,083,000-8,522,000-5,722,0003,329,2931,331,591300,30380,592,652
interest-499,000-1,591,00015,480,0004,000-544,000-738,000-227,000-25,000-225,0001,610,0001,663,000-540,250710,185186,254
cash flow from financing20,177,00025,671,00011,867,000380,762,000-1,750,00024,095,000-13,656,000-8,108,000-8,747,000-4,112,0004,992,293-1,013,2592,706,21080,887,784
cash and cash equivalents
cash-5,917,00018,319,0007,078,000-834,00012,043,000-8,255,000-37,275,00027,914,00010,718,00014,615,000-9,061,0216,091,2774,671,37514,647,369
overdraft-6,618,00018,130,0005,685,000-5,269,00015,160,000-6,810,000-33,080,00053,839,000000000
change in cash701,000189,0001,393,0004,435,000-3,117,000-1,445,000-4,195,000-25,925,00010,718,00014,615,000-9,061,0216,091,2774,671,37514,647,369

labcorp early development laboratories 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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Labcorp Early Development Laboratories Limited Competitor Analysis

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labcorp early development laboratories limited Ownership

LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED Shareholders

clearstone holdings (international) limited 100%

labcorp early development laboratories limited directors

Labcorp Early Development Laboratories Limited currently has 4 directors. The longest serving directors include Mr Robert Pringle (Aug 2009) and Mr Glenn Eisenberg (Aug 2018).

officercountryagestartendrole
Mr Robert PringleEngland60 years Aug 2009- Director
Mr Glenn Eisenberg63 years Aug 2018- Director
Ms Sandra Van Der Vaart64 years Jun 2019- Director
Mr Thomas KremerUnited States47 years Jun 2023- Director

P&L

December 2022

turnover

273.5m

-2%

operating profit

-13.6m

-325%

gross margin

16.1%

-32.16%

turnover

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

Balance Sheet

December 2022

net assets

482.9m

-0.02%

total assets

644.4m

-0.03%

cash

54.8m

-0.1%

net assets

Total assets minus all liabilities

labcorp early development laboratories limited company details

company number

01171833

Type

Private limited with Share Capital

industry

72110 - Research and experimental development on biotechnology

incorporation date

May 1974

age

50

accounts

Full Accounts

ultimate parent company

FORTREA INC

previous names

covance laboratories limited (June 2021)

corning hazleton limited (November 1996)

See more

incorporated

UK

address

otley rd, harrogate, HG3 1PY

last accounts submitted

December 2022

labcorp early development laboratories 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 1 charges/mortgages relating to labcorp early development laboratories limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

labcorp early development laboratories limited Companies House Filings - See Documents

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