lubna foods limited
lubna foods limited Company Information
Company Number
01208669
Website
www.lubnafoods.comRegistered Address
164 garnett street, bradford, BD3 9HB
Industry
Non-specialised wholesale of food, beverages and tobacco
Telephone
01274731728
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
lubna holdings limited 100%
lubna foods limited Estimated Valuation
Pomanda estimates the enterprise value of LUBNA FOODS LIMITED at £8.2m based on a Turnover of £25.3m and 0.32x industry multiple (adjusted for size and gross margin).
lubna foods limited Estimated Valuation
Pomanda estimates the enterprise value of LUBNA FOODS LIMITED at £5.3m based on an EBITDA of £1.2m and a 4.35x industry multiple (adjusted for size and gross margin).
lubna foods limited Estimated Valuation
Pomanda estimates the enterprise value of LUBNA FOODS LIMITED at £2.1m based on Net Assets of £2m and 1.07x industry multiple (adjusted for liquidity).
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Lubna Foods Limited Overview
Lubna Foods Limited is a live company located in bradford, BD3 9HB with a Companies House number of 01208669. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in April 1975, it's largest shareholder is lubna holdings limited with a 100% stake. Lubna Foods Limited is a mature, large sized company, Pomanda has estimated its turnover at £25.3m with healthy growth in recent years.
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Lubna Foods Limited Health Check
Pomanda's financial health check has awarded Lubna Foods Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £25.3m, make it in line with the average company (£27.9m)
£25.3m - Lubna Foods Limited
£27.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.1%)
9% - Lubna Foods Limited
6.1% - Industry AVG
Production
with a gross margin of 12%, this company has a higher cost of product (20.1%)
12% - Lubna Foods Limited
20.1% - Industry AVG
Profitability
an operating margin of 4.4% make it more profitable than the average company (2.8%)
4.4% - Lubna Foods Limited
2.8% - Industry AVG
Employees
with 70 employees, this is similar to the industry average (72)
70 - Lubna Foods Limited
72 - Industry AVG
Pay Structure
on an average salary of £24.5k, the company has a lower pay structure (£34.7k)
£24.5k - Lubna Foods Limited
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £361.9k, this is equally as efficient (£366.8k)
£361.9k - Lubna Foods Limited
£366.8k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (36 days)
18 days - Lubna Foods Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (38 days)
37 days - Lubna Foods Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is more than average (36 days)
63 days - Lubna Foods Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (8 weeks)
8 weeks - Lubna Foods Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (58.8%)
72.3% - Lubna Foods Limited
58.8% - Industry AVG
LUBNA FOODS LIMITED financials
Lubna Foods Limited's latest turnover from April 2023 is £25.3 million and the company has net assets of £2 million. According to their latest financial statements, Lubna Foods Limited has 70 employees and maintains cash reserves of £800.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,334,813 | 22,537,466 | 21,331,220 | 19,734,555 | 19,021,861 | 19,020,886 | 20,612,578 | 19,878,193 | 18,515,646 | 18,058,764 | 16,897,375 | 17,637,142 | 17,012,269 | 15,440,563 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,281,496 | 19,824,227 | 19,195,703 | 17,707,624 | 17,392,177 | 17,531,524 | 19,224,906 | 18,490,581 | 16,338,748 | 16,269,117 | 15,366,974 | 15,901,466 | 15,418,089 | 13,889,010 |
| Gross Profit | 3,053,317 | 2,713,239 | 2,135,517 | 2,026,931 | 1,629,684 | 1,489,362 | 1,387,672 | 1,387,612 | 2,176,898 | 1,789,647 | 1,530,401 | 1,735,676 | 1,594,180 | 1,551,553 |
| Admin Expenses | 1,948,665 | 1,716,725 | 1,479,459 | 1,558,452 | 1,392,713 | 1,386,211 | 1,437,569 | 1,234,230 | 1,976,663 | 1,727,129 | 1,677,337 | 1,572,051 | 1,436,401 | 1,350,616 |
| Operating Profit | 1,104,652 | 996,514 | 656,058 | 468,479 | 236,971 | 103,151 | -49,897 | 153,382 | 200,235 | 62,518 | -146,936 | 163,625 | 157,779 | 200,937 |
| Interest Payable | 99,784 | 49,189 | 54,135 | 84,186 | 77,046 | 68,562 | 62,829 | 41,510 | 35,084 | 28,144 | 28,016 | 32,257 | 20,628 | 20,236 |
| Interest Receivable | 1,478 | 1,907 | 1,535 | 1,786 | 4,590 | 60 | 29 | 50 | 0 | 125 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,006,346 | 949,232 | 603,458 | 386,079 | 164,515 | 34,649 | -112,697 | 111,922 | 170,151 | 210,643 | -174,331 | 136,368 | 144,751 | 148,402 |
| Tax | -184,022 | -204,001 | -123,874 | -78,974 | -41,000 | -17,305 | 16,845 | -48,374 | 626 | -32,405 | 23,591 | -23,701 | -30,423 | -23,327 |
| Profit After Tax | 822,324 | 745,231 | 479,584 | 307,105 | 123,515 | 17,344 | -95,852 | 63,548 | 170,777 | 178,238 | -150,740 | 112,667 | 114,328 | 125,075 |
| Dividends Paid | 50,000 | 1,320,651 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 45,417 | 108,750 | 18,750 | 11,250 | 45,000 | 41,300 | 52,500 |
| Retained Profit | 772,324 | -575,420 | 429,584 | 257,105 | 73,515 | -32,656 | -145,852 | 18,131 | 62,027 | 159,488 | -161,990 | 67,667 | 73,028 | 72,575 |
| Employee Costs | 1,715,846 | 1,547,174 | 1,476,431 | 1,515,094 | 1,509,892 | 1,513,032 | 1,556,391 | 1,262,928 | 1,149,547 | 970,878 | 975,552 | 936,055 | 808,142 | 702,868 |
| Number Of Employees | 70 | 70 | 71 | 75 | 77 | 85 | 90 | 76 | 69 | 62 | 66 | 58 | 57 | 49 |
| EBITDA* | 1,216,331 | 1,142,184 | 760,656 | 565,811 | 324,949 | 167,719 | 77,512 | 239,292 | 279,738 | 137,015 | -84,421 | 206,705 | 210,713 | 244,462 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,071,846 | 994,058 | 1,980,898 | 1,836,545 | 1,847,495 | 1,660,705 | 1,610,697 | 1,374,399 | 701,319 | 669,580 | 625,103 | 428,620 | 414,339 | 385,389 |
| Intangible Assets | 0 | 274 | 1,255 | 3,327 | 6,550 | 9,398 | 11,142 | 13,686 | 14,835 | 17,710 | 17,869 | 6,275 | 8,366 | 1 |
| Investments & Other | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 16,230 | 16,230 | 16,230 | 16,230 | 16,230 | 52,376 | 52,376 | 37,376 | 79,834 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,086,846 | 1,009,332 | 1,997,153 | 1,854,872 | 1,869,045 | 1,686,333 | 1,638,069 | 1,404,315 | 732,384 | 703,520 | 695,348 | 487,271 | 460,081 | 465,224 |
| Stock & work in progress | 3,864,934 | 3,248,383 | 2,594,123 | 2,816,886 | 3,070,049 | 3,203,238 | 3,877,992 | 3,781,184 | 3,192,803 | 3,242,701 | 2,441,472 | 2,675,927 | 2,671,548 | 2,061,642 |
| Trade Debtors | 1,311,177 | 1,356,667 | 986,836 | 1,344,207 | 1,908,970 | 1,871,460 | 2,250,869 | 2,061,838 | 1,607,610 | 1,411,634 | 1,513,995 | 1,739,737 | 1,715,125 | 1,360,745 |
| Group Debtors | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 138,797 | 170,215 | 101,911 | 143,702 | 188,624 | 144,234 | 178,215 | 389,850 | 125,432 | 109,083 | 135,981 | 44,159 | 47,948 | 21,009 |
| Cash | 800,268 | 840,904 | 590,830 | 309,086 | 344,493 | 482,816 | 164,825 | 25,581 | 163,082 | 232,559 | 37,153 | 118,950 | 111,824 | 60,789 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,122,676 | 5,616,169 | 4,273,700 | 4,613,881 | 5,512,136 | 5,701,748 | 6,471,901 | 6,258,453 | 5,088,927 | 4,995,977 | 4,128,601 | 4,578,773 | 4,546,445 | 3,504,185 |
| total assets | 7,209,522 | 6,625,501 | 6,270,853 | 6,468,753 | 7,381,181 | 7,388,081 | 8,109,970 | 7,662,768 | 5,821,311 | 5,699,497 | 4,823,949 | 5,066,044 | 5,006,526 | 3,969,409 |
| Bank overdraft | 0 | 0 | 0 | 1,819,913 | 2,618,282 | 415,720 | 233,056 | 0 | 585,040 | 578,882 | 461,105 | 540,289 | 511,806 | 657,359 |
| Bank loan | 2,363,869 | 2,047,440 | 1,469,062 | 0 | 0 | 2,396,843 | 2,774,072 | 2,415,671 | 835,240 | 695,786 | 608,796 | 586,081 | 639,513 | 0 |
| Trade Creditors | 2,270,893 | 2,501,074 | 2,067,268 | 2,140,248 | 2,986,090 | 2,973,883 | 3,366,746 | 3,498,646 | 2,850,193 | 2,918,524 | 2,570,967 | 2,672,320 | 2,677,249 | 2,128,082 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 35,810 | 39,887 | 16,708 | 88,532 | 82,555 | 82,556 | 82,557 | 58,579 | 8,649 | 8,649 | 1,155 | 5,067 | 9,140 | 4,965 |
| other current liabilities | 231,393 | 314,061 | 242,471 | 323,748 | 150,636 | 95,967 | 129,926 | 115,444 | 122,521 | 102,599 | 90,459 | 48,572 | 54,832 | 95,658 |
| total current liabilities | 4,901,965 | 4,902,462 | 3,795,509 | 4,372,441 | 5,837,563 | 5,964,969 | 6,586,357 | 6,088,340 | 4,401,643 | 4,304,440 | 3,732,482 | 3,852,329 | 3,892,540 | 2,886,064 |
| loans | 71,415 | 221,409 | 502,739 | 537,228 | 167,022 | 72,475 | 79,765 | 107,180 | 210,435 | 239,202 | 110,236 | 69,339 | 0 | 0 |
| hp & lease commitments | 16,666 | 52,477 | 9,032 | 24,095 | 92,712 | 175,268 | 257,823 | 208,371 | 6,487 | 15,136 | 0 | 1,155 | 4,387 | 4,315 |
| Accruals and Deferred Income | 72,000 | 89,000 | 0 | 75,000 | 80,000 | 85,000 | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 70,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,045 | 34,045 |
| provisions | 148,000 | 133,000 | 91,000 | 87,000 | 88,000 | 48,000 | 31,000 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 308,081 | 495,886 | 672,771 | 723,323 | 427,734 | 380,743 | 448,588 | 353,551 | 216,922 | 254,338 | 110,236 | 70,494 | 38,432 | 38,360 |
| total liabilities | 5,210,046 | 5,398,348 | 4,468,280 | 5,095,764 | 6,265,297 | 6,345,712 | 7,034,945 | 6,441,891 | 4,618,565 | 4,558,778 | 3,842,718 | 3,922,823 | 3,930,972 | 2,924,424 |
| net assets | 1,999,476 | 1,227,153 | 1,802,573 | 1,372,989 | 1,115,884 | 1,042,369 | 1,075,025 | 1,220,877 | 1,202,746 | 1,140,719 | 981,231 | 1,143,221 | 1,075,554 | 1,044,985 |
| total shareholders funds | 1,999,476 | 1,227,153 | 1,802,573 | 1,372,989 | 1,115,884 | 1,042,369 | 1,075,025 | 1,220,877 | 1,202,746 | 1,140,719 | 981,231 | 1,143,221 | 1,075,554 | 1,044,985 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,104,652 | 996,514 | 656,058 | 468,479 | 236,971 | 103,151 | -49,897 | 153,382 | 200,235 | 62,518 | -146,936 | 163,625 | 157,779 | 200,937 |
| Depreciation | 111,405 | 144,689 | 102,526 | 94,109 | 83,761 | 59,287 | 119,413 | 79,005 | 71,657 | 67,645 | 57,002 | 40,989 | 50,843 | 43,525 |
| Amortisation | 274 | 981 | 2,072 | 3,223 | 4,217 | 5,281 | 7,996 | 6,905 | 7,846 | 6,852 | 5,513 | 2,091 | 2,091 | 0 |
| Tax | -184,022 | -204,001 | -123,874 | -78,974 | -41,000 | -17,305 | 16,845 | -48,374 | 626 | -32,405 | 23,591 | -23,701 | -30,423 | -23,327 |
| Stock | 616,551 | 654,260 | -222,763 | -253,163 | -133,189 | -674,754 | 96,808 | 588,381 | -49,898 | 801,229 | -234,455 | 4,379 | 609,906 | 2,061,642 |
| Debtors | -69,408 | 438,135 | -399,162 | -609,685 | 81,900 | -413,390 | -22,604 | 718,646 | 212,325 | -129,259 | -133,920 | 20,823 | 381,319 | 1,381,754 |
| Creditors | -230,181 | 433,806 | -72,980 | -845,842 | 12,207 | -392,863 | -131,900 | 648,453 | -68,331 | 347,557 | -101,353 | -4,929 | 549,167 | 2,128,082 |
| Accruals and Deferred Income | -99,668 | 160,590 | -156,277 | 168,112 | 49,669 | -28,959 | 94,482 | -7,077 | 19,922 | 12,140 | 41,887 | -6,260 | -40,826 | 95,658 |
| Deferred Taxes & Provisions | 15,000 | 42,000 | 4,000 | -1,000 | 40,000 | 17,000 | -7,000 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 170,317 | 482,184 | 1,033,450 | 670,955 | 437,114 | 833,736 | -24,265 | -436,733 | 69,528 | -207,663 | 248,079 | 146,613 | -302,594 | -998,521 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 8,513 | 725 | 850 | 0 | 0 | 113,975 | -271,302 | -70,270 | -90,250 | -20,518 | |||
| Change in Investments | 0 | 0 | 0 | 0 | -1,230 | 0 | 0 | 0 | 0 | -36,146 | 0 | 15,000 | -42,458 | 79,834 |
| cash flow from investments | 0 | 9,743 | 725 | 850 | 0 | 0 | 150,121 | -271,302 | -85,270 | -47,792 | -100,352 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 316,429 | 578,378 | 1,469,062 | 0 | -2,396,843 | -377,229 | 358,401 | 1,580,431 | 139,454 | 86,990 | 22,715 | -53,432 | 639,513 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -149,994 | -281,330 | -34,489 | 370,206 | 94,547 | -7,290 | -27,415 | -103,255 | -28,767 | 128,966 | 40,897 | 69,339 | 0 | 0 |
| Hire Purchase and Lease Commitments | -39,888 | 66,624 | -86,887 | -62,640 | -82,557 | -82,556 | 73,430 | 251,814 | -8,649 | 22,630 | -5,067 | -7,305 | 4,247 | 9,280 |
| other long term liabilities | 0 | -70,000 | 70,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,045 | 0 | 34,045 |
| share issue | ||||||||||||||
| interest | -98,306 | -47,282 | -52,600 | -82,400 | -72,456 | -68,502 | -62,800 | -41,460 | -35,084 | -28,019 | -28,016 | -32,257 | -20,628 | -20,236 |
| cash flow from financing | 28,240 | 246,390 | 1,365,086 | 225,166 | -2,457,309 | -535,577 | 341,616 | 1,687,530 | 66,954 | 210,567 | 30,529 | -57,700 | 580,673 | 995,499 |
| cash and cash equivalents | ||||||||||||||
| cash | -40,636 | 250,074 | 281,744 | -35,407 | -138,323 | 317,991 | 139,244 | -137,501 | -69,477 | 195,406 | -81,797 | 7,126 | 51,035 | 60,789 |
| overdraft | 0 | 0 | -1,819,913 | -798,369 | 2,202,562 | 182,664 | 233,056 | -585,040 | 6,158 | 117,777 | -79,184 | 28,483 | -145,553 | 657,359 |
| change in cash | -40,636 | 250,074 | 2,101,657 | 762,962 | -2,340,885 | 135,327 | -93,812 | 447,539 | -75,635 | 77,629 | -2,613 | -21,357 | 196,588 | -596,570 |
lubna foods limited Credit Report and Business Information
Lubna Foods Limited Competitor Analysis
Perform a competitor analysis for lubna foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in BD3 area or any other competitors across 12 key performance metrics.
lubna foods limited Ownership
LUBNA FOODS LIMITED group structure
Lubna Foods Limited has no subsidiary companies.
lubna foods limited directors
Lubna Foods Limited currently has 4 directors. The longest serving directors include Mr Ali Patel (Mar 1991) and Mr Ashraf Ebrahim (Aug 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ali Patel | England | 52 years | Mar 1991 | - | Director |
| Mr Ashraf Ebrahim | England | 61 years | Aug 1991 | - | Director |
| Mr Abdul Patel | England | 57 years | Aug 1991 | - | Director |
| Mr Ashraf Ebrahim | England | 91 years | Aug 1991 | - | Director |
P&L
April 2023turnover
25.3m
+12%
operating profit
1.1m
+11%
gross margin
12.1%
+0.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
2m
+0.63%
total assets
7.2m
+0.09%
cash
800.3k
-0.05%
net assets
Total assets minus all liabilities
lubna foods limited company details
company number
01208669
Type
Private limited with Share Capital
industry
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
April 1975
age
49
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
164 garnett street, bradford, BD3 9HB
accountant
-
auditor
WATSON BUCKLE LIMITED
lubna foods 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 11 charges/mortgages relating to lubna foods limited. Currently there are 7 open charges and 4 have been satisfied in the past.
lubna foods limited Companies House Filings - See Documents
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