longcroft & old limited

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longcroft & old limited Company Information

Share LONGCROFT & OLD LIMITED
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Company Number

01305861

Registered Address

30 central markets, west market buildings smithfield, london, EC1A 9PS

Industry

Wholesale of meat and meat products

 

Telephone

02072368631

Next Accounts Due

December 2024

Group Structure

View All

Directors

Stephen Cuthbertson7 Years

Shareholders

longcroft & old smithfield limited 100%

longcroft & old limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of LONGCROFT & OLD LIMITED at £1.7m based on a Turnover of £6.6m and 0.26x industry multiple (adjusted for size and gross margin).

longcroft & old limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of LONGCROFT & OLD LIMITED at £2.7m based on an EBITDA of £553.9k and a 4.9x industry multiple (adjusted for size and gross margin).

longcroft & old limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of LONGCROFT & OLD LIMITED at £1.7m based on Net Assets of £820.1k and 2.08x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Longcroft & Old Limited Overview

Longcroft & Old Limited is a live company located in london, EC1A 9PS with a Companies House number of 01305861. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in March 1977, it's largest shareholder is longcroft & old smithfield limited with a 100% stake. Longcroft & Old Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with healthy growth in recent years.

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Longcroft & Old Limited Health Check

Pomanda's financial health check has awarded Longcroft & Old Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £6.6m, make it smaller than the average company (£24.2m)

£6.6m - Longcroft & Old Limited

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.3%)

8% - Longcroft & Old Limited

6.3% - Industry AVG

production

Production

with a gross margin of 13.1%, this company has a comparable cost of product (13.1%)

13.1% - Longcroft & Old Limited

13.1% - Industry AVG

profitability

Profitability

an operating margin of 8.1% make it more profitable than the average company (3.5%)

8.1% - Longcroft & Old Limited

3.5% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (33)

10 - Longcroft & Old Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.8k, the company has an equivalent pay structure (£38.8k)

£38.8k - Longcroft & Old Limited

£38.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £662.4k, this is more efficient (£551k)

£662.4k - Longcroft & Old Limited

£551k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is near the average (32 days)

38 days - Longcroft & Old Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 46 days, this is slower than average (29 days)

46 days - Longcroft & Old Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is less than average (17 days)

11 days - Longcroft & Old Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (13 weeks)

16 weeks - Longcroft & Old Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.6%, this is a higher level of debt than the average (55.5%)

64.6% - Longcroft & Old Limited

55.5% - Industry AVG

longcroft & old 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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Longcroft & Old Limited Competitor Analysis

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Perform a competitor analysis for longcroft & old limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

longcroft & old limited Ownership

LONGCROFT & OLD LIMITED group structure

Longcroft & Old Limited has no subsidiary companies.

Ultimate parent company

1 parent

LONGCROFT & OLD LIMITED

01305861

LONGCROFT & OLD LIMITED Shareholders

longcroft & old smithfield limited 100%

longcroft & old limited directors

Longcroft & Old Limited currently has 1 director, Mr Stephen Cuthbertson serving since Apr 2016.

officercountryagestartendrole
Mr Stephen Cuthbertson43 years Apr 2016- Director

LONGCROFT & OLD LIMITED financials

EXPORTms excel logo

Longcroft & Old Limited's latest turnover from March 2023 is estimated at £6.6 million and the company has net assets of £820.1 thousand. According to their latest financial statements, Longcroft & Old Limited has 10 employees and maintains cash reserves of £452.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,623,6227,159,5714,068,6125,239,9726,261,5757,494,8424,962,2293,996,2794,569,4064,633,6105,212,7045,157,6484,805,5164,222,795
Other Income Or Grants00000000000000
Cost Of Sales5,753,4116,250,7713,541,4644,601,5975,444,1466,692,7904,408,9393,509,2434,073,8754,148,7444,648,3364,598,7994,245,6653,793,901
Gross Profit870,210908,800527,148638,375817,429802,052553,290487,036495,531484,866564,368558,849559,851428,894
Admin Expenses333,532848,983584,232729,087834,6431,031,085429,454508,536466,380431,797522,437513,914524,325-240,379
Operating Profit536,67859,817-57,084-90,712-17,214-229,033123,836-21,50029,15153,06941,93144,93535,526669,273
Interest Payable4,3563,2912,0875620000000000
Interest Receivable13,8761,6492051701,2761,0087031,8752,1772,1761,9631,7291,676861
Pre-Tax Profit546,19858,175-58,967-91,104-15,938-228,025124,539-19,62531,32855,24443,89346,66437,201670,133
Tax-103,778-11,0530000-24,9080-6,579-12,706-10,534-12,133-10,416-187,637
Profit After Tax442,42047,122-58,967-91,104-15,938-228,02599,631-19,62524,74942,53833,35934,53126,785482,496
Dividends Paid00000000000000
Retained Profit442,42047,122-58,967-91,104-15,938-228,02599,631-19,62524,74942,53833,35934,53126,785482,496
Employee Costs388,427344,022332,089297,778276,837259,394261,505224,957327,626318,898344,780329,632353,031327,350
Number Of Employees10101099998121213121311
EBITDA*553,87580,033-51,518-84,314-14,776-226,157126,879-16,11434,97559,33848,17946,71137,618672,064

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets34,651750,456741,855725,683709,298708,73411,4563,97713,41118,80322,7896,5986,2568,348
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets34,651750,456741,855725,683709,298708,73411,4563,97713,41118,80322,7896,5986,2568,348
Stock & work in progress180,956177,86999,603105,939129,530159,473103,43998,60969,83387,02587,772101,07093,66684,554
Trade Debtors694,846848,520433,289649,967780,674929,210676,560503,387569,197527,116599,341583,171568,543477,020
Group Debtors163,900150,000100,00098,050102,40087,000293,6250000000
Misc Debtors791,11315,83615,69915,43715,30114,91515,387112,73438,90957,90971,89565,51554,22554,741
Cash452,437200,555239,159170,477169,661170,598232,425329,864420,146450,698419,543365,492326,025344,329
misc current assets00000000000000
total current assets2,283,2521,392,780887,7501,039,8701,197,5661,361,1961,321,4361,044,5941,098,0851,122,7481,178,5511,115,2481,042,459960,644
total assets2,317,9032,143,2361,629,6051,765,5531,906,8642,069,9301,332,8921,048,5711,111,4961,141,5511,201,3401,121,8461,048,715968,992
Bank overdraft00000000000000
Bank loan10,00010,0002,50000000000000
Trade Creditors 725,959843,376403,422618,943684,564824,625550,008399,592466,938521,742624,069577,934539,334486,396
Group/Directors Accounts00000000000000
other short term finances0006,7720000000000
hp & lease commitments12,64617,63910,09300000000000
other current liabilities661,18869,65641,48533,79141,69948,76658,32024,046000000
total current liabilities1,409,793940,671457,500659,506726,263873,391608,328423,638466,938521,742624,069577,934539,334486,396
loans27,49837,50047,50011,6700000000000
hp & lease commitments12,15624,80223,29300000000000
Accruals and Deferred Income00000000000000
other liabilities41,04951,31161,57300000000000
provisions7,335187,615185,524137,880119,000119,00000000000
total long term liabilities88,038301,228317,890149,550119,000119,00000000000
total liabilities1,497,8311,241,899775,390809,056845,263992,391608,328423,638466,938521,742624,069577,934539,334486,396
net assets820,072901,337854,215956,4971,061,6011,077,539724,564624,933644,558619,809577,271543,912509,381482,596
total shareholders funds820,072901,337854,215956,4971,061,6011,077,539724,564624,933644,558619,809577,271543,912509,381482,596
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit536,67859,817-57,084-90,712-17,214-229,033123,836-21,50029,15153,06941,93144,93535,526669,273
Depreciation17,19720,2165,5666,3982,4382,8763,0435,3865,8246,2696,2481,7762,0922,791
Amortisation00000000000000
Tax-103,778-11,0530000-24,9080-6,579-12,706-10,534-12,133-10,416-187,637
Stock3,08778,266-6,336-23,591-29,94356,0344,83028,776-17,192-747-13,2987,4049,11284,554
Debtors635,503465,368-214,466-134,921-132,75045,553369,4518,01523,081-86,21122,55025,91891,007531,761
Creditors-117,417439,954-215,521-65,621-140,061274,617150,416-67,346-54,804-102,32746,13538,60052,938486,396
Accruals and Deferred Income591,53228,1717,694-7,908-7,067-9,55434,27424,046000000
Deferred Taxes & Provisions-180,2802,09147,64418,8800119,00000000000
Cash flow from operations105,342-4,4389,10119,54978956,319-87,620-96,205-32,29731,26374,52839,856-19,979354,508
Investing Activities
capital expenditure698,608-28,817-21,738-22,783-3,002-700,154-10,5224,048-432-2,283-22,439-2,1180-11,139
Change in Investments00000000000000
cash flow from investments698,608-28,817-21,738-22,783-3,002-700,154-10,5224,048-432-2,283-22,439-2,1180-11,139
Financing Activities
Bank loans07,5002,50000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00-6,7726,7720000000000
Long term loans-10,002-10,00035,83011,6700000000000
Hire Purchase and Lease Commitments-17,6399,05533,38600000000000
other long term liabilities-10,262-10,26261,57300000000000
share issue-523,6850-43,315-14,0000581,0000000000100
interest9,520-1,642-1,882-3921,2761,0087031,8752,1772,1761,9631,7291,676861
cash flow from financing-552,068-5,34981,3204,0501,276582,0087031,8752,1772,1761,9631,7291,676961
cash and cash equivalents
cash251,882-38,60468,682816-937-61,827-97,439-90,282-30,55231,15554,05139,467-18,304344,329
overdraft00000000000000
change in cash251,882-38,60468,682816-937-61,827-97,439-90,282-30,55231,15554,05139,467-18,304344,329

P&L

March 2023

turnover

6.6m

-7%

operating profit

536.7k

0%

gross margin

13.2%

+3.5%

turnover

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

Balance Sheet

March 2023

net assets

820.1k

-0.09%

total assets

2.3m

+0.08%

cash

452.4k

+1.26%

net assets

Total assets minus all liabilities

longcroft & old limited company details

company number

01305861

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

March 1977

age

47

accounts

Total Exemption Full

previous names

foodwise limited (December 1977)

incorporated

UK

address

30 central markets, west market buildings smithfield, london, EC1A 9PS

last accounts submitted

March 2023

longcroft & old 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 2 charges/mortgages relating to longcroft & old limited. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

longcroft & old limited Companies House Filings - See Documents

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