lancing college enterprises ltd.
lancing college enterprises ltd. Company Information
Company Number
01570797
Next Accounts
May 2026
Shareholders
lancing college ltd
Group Structure
View All
Industry
Renting and leasing of recreational and sports goods
Registered Address
lancing college, lancing, west sussex, BN15 0RW
Website
http://lancingcollege.co.uklancing college enterprises ltd. Estimated Valuation
Pomanda estimates the enterprise value of LANCING COLLEGE ENTERPRISES LTD. at £2.6m based on a Turnover of £3.2m and 0.8x industry multiple (adjusted for size and gross margin).
lancing college enterprises ltd. Estimated Valuation
Pomanda estimates the enterprise value of LANCING COLLEGE ENTERPRISES LTD. at £2.1m based on an EBITDA of £635.4k and a 3.35x industry multiple (adjusted for size and gross margin).
lancing college enterprises ltd. Estimated Valuation
Pomanda estimates the enterprise value of LANCING COLLEGE ENTERPRISES LTD. at £77.4k based on Net Assets of £41.6k and 1.86x industry multiple (adjusted for liquidity).
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Lancing College Enterprises Ltd. Overview
Lancing College Enterprises Ltd. is a live company located in west sussex, BN15 0RW with a Companies House number of 01570797. It operates in the renting and leasing of recreational and sports goods sector, SIC Code 77210. Founded in June 1981, it's largest shareholder is lancing college ltd with a 100% stake. Lancing College Enterprises Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with rapid growth in recent years.
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Lancing College Enterprises Ltd. Health Check
Pomanda's financial health check has awarded Lancing College Enterprises Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £3.2m, make it in line with the average company (£3.4m)
£3.2m - Lancing College Enterprises Ltd.
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (33.7%)
69% - Lancing College Enterprises Ltd.
33.7% - Industry AVG
Production
with a gross margin of 29.3%, this company has a higher cost of product (45.6%)
29.3% - Lancing College Enterprises Ltd.
45.6% - Industry AVG
Profitability
an operating margin of 19.7% make it as profitable than the average company (19.7%)
19.7% - Lancing College Enterprises Ltd.
19.7% - Industry AVG
Employees
with 42 employees, this is above the industry average (30)
42 - Lancing College Enterprises Ltd.
30 - Industry AVG
Pay Structure
on an average salary of £26k, the company has a lower pay structure (£33.2k)
£26k - Lancing College Enterprises Ltd.
£33.2k - Industry AVG
Efficiency
resulting in sales per employee of £75.9k, this is less efficient (£124.5k)
£75.9k - Lancing College Enterprises Ltd.
£124.5k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (18 days)
9 days - Lancing College Enterprises Ltd.
18 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (22 days)
15 days - Lancing College Enterprises Ltd.
22 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is in line with average (25 days)
23 days - Lancing College Enterprises Ltd.
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is average cash available to meet short term requirements (34 weeks)
39 weeks - Lancing College Enterprises Ltd.
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.5%, this is a higher level of debt than the average (63.3%)
97.5% - Lancing College Enterprises Ltd.
63.3% - Industry AVG
LANCING COLLEGE ENTERPRISES LTD. financials
Lancing College Enterprises Ltd.'s latest turnover from August 2024 is £3.2 million and the company has net assets of £41.6 thousand. According to their latest financial statements, Lancing College Enterprises Ltd. has 42 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,186,771 | 2,770,646 | 1,528,110 | 658,547 | 691,253 | 1,455,965 | 1,277,725 | 1,112,006 | 997,982 | 720,270 | 736,617 | 683,158 | 708,497 | 668,082 | 561,883 | 513,974 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,252,296 | 1,944,515 | 1,184,010 | 611,019 | 647,346 | 874,342 | 718,437 | 743,520 | 713,175 | 525,614 | 670,418 | 453,020 | 555,094 | 420,452 | 356,140 | 313,209 |
| Gross Profit | 934,475 | 826,131 | 344,100 | 47,528 | 43,907 | 581,623 | 559,288 | 368,486 | 284,807 | 194,656 | 66,199 | 230,138 | 153,403 | 247,630 | 205,743 | 200,765 |
| Admin Expenses | 306,038 | 304,328 | 106,786 | 44,238 | 34,519 | 50,903 | 55,234 | 6,072 | 5,372 | 7,735 | -3,410 | 18,347 | 25 | 13,353 | 4,135 | 6,605 |
| Operating Profit | 628,437 | 521,803 | 237,314 | 3,290 | 9,388 | 530,720 | 504,054 | 362,414 | 279,435 | 186,921 | 69,609 | 211,791 | 153,378 | 234,277 | 201,608 | 194,160 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 20,418 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 648,855 | 521,803 | 237,314 | 3,290 | 9,388 | 530,720 | 504,054 | 362,414 | 279,435 | 186,921 | 47,149 | -8,759 | 630 | -2,149 | -7,137 | -1,202 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71,678 | -55,887 | -37,384 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 648,855 | 521,803 | 237,314 | 3,290 | 9,388 | 530,720 | 504,054 | 290,736 | 223,548 | 149,537 | 47,149 | -8,759 | 630 | -2,149 | -7,137 | -1,202 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 648,855 | 521,803 | 237,314 | 3,290 | 9,388 | 530,720 | 504,054 | 290,736 | 223,548 | 149,537 | 47,149 | -8,759 | 630 | -2,149 | -7,137 | -1,202 |
| Employee Costs | 1,091,872 | 995,080 | 395,274 | 176,732 | 169,368 | 73,997 | 81,726 | 61,862 | 53,502 | 53,656 | 52,190 | 51,718 | 45,203 | |||
| Number Of Employees | 42 | 30 | 23 | 7 | 8 | 6 | 6 | 7 | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 4 |
| EBITDA* | 635,391 | 528,681 | 243,963 | 9,939 | 16,037 | 537,369 | 510,703 | 371,767 | 295,161 | 208,444 | 96,385 | 236,716 | 175,420 | 253,924 | 226,420 | 221,961 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 100,725 | 107,679 | 113,032 | 119,680 | 126,329 | 132,978 | 139,627 | 146,276 | 155,629 | 171,355 | 192,878 | 53,431 | 56,735 | 57,908 | 60,765 | 48,643 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 100,725 | 107,679 | 113,032 | 119,680 | 126,329 | 132,978 | 139,627 | 146,276 | 155,629 | 171,355 | 192,878 | 53,431 | 56,735 | 57,908 | 60,765 | 48,643 |
| Stock & work in progress | 145,544 | 146,451 | 137,847 | 147,326 | 130,679 | 106,608 | 125,500 | 126,185 | 90,234 | 102,206 | 98,010 | 84,656 | 95,275 | 106,184 | 100,067 | 77,827 |
| Trade Debtors | 81,694 | 222,371 | 52,453 | 34,782 | 1,696 | 126,435 | 175,062 | 134,533 | 86,839 | 45,646 | 29,331 | 47,805 | 44,570 | 62,231 | 87,233 | 47,037 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 100,871 | 52,398 | 52,842 | 18,492 | 39,713 | 6,833 | 6,662 | 6,105 | 22,089 | 11,566 | 5,413 | 9,923 | 6,724 | 3,867 | 4,359 | 3,369 |
| Cash | 1,244,143 | 937,622 | 651,716 | 130,092 | 89,923 | 408,422 | 411,681 | 370,457 | 388,118 | 252,167 | 154,355 | 28,599 | 37,395 | 6,206 | 14,975 | 14,097 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,572,252 | 1,358,842 | 894,858 | 330,692 | 262,011 | 648,298 | 718,905 | 637,280 | 587,280 | 411,585 | 287,109 | 170,983 | 183,964 | 178,488 | 206,634 | 142,330 |
| total assets | 1,672,977 | 1,466,521 | 1,007,890 | 450,372 | 388,340 | 781,276 | 858,532 | 783,556 | 742,909 | 582,940 | 479,987 | 224,414 | 240,699 | 236,396 | 267,399 | 190,973 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 93,274 | 70,666 | 9,836 | 33,754 | 37,359 | 36,227 | 79,087 | 81,907 | 119,325 | 67,166 | 51,160 | 94,390 | 89,761 | 87,007 | 94,833 | 57,353 |
| Group/Directors Accounts | 1,152,128 | 1,186,982 | 763,187 | 322,840 | 277,694 | 656,937 | 693,286 | 259,291 | 277,374 | 271,835 | 335,275 | 125,862 | 107,001 | 108,907 | 144,560 | 103,793 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 386,019 | 162,404 | 184,238 | 43,175 | 25,974 | 41,570 | 45,337 | 119,146 | 90,775 | 60,888 | 60,038 | 17,797 | 48,813 | 45,988 | 31,363 | 26,047 |
| total current liabilities | 1,631,421 | 1,420,052 | 957,261 | 399,769 | 341,027 | 734,734 | 817,710 | 460,344 | 487,474 | 399,889 | 446,473 | 238,049 | 245,575 | 241,902 | 270,756 | 187,193 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 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 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,631,421 | 1,420,052 | 957,261 | 399,769 | 341,027 | 734,734 | 817,710 | 460,344 | 487,474 | 399,889 | 446,473 | 238,049 | 245,575 | 241,902 | 270,756 | 187,193 |
| net assets | 41,556 | 46,469 | 50,629 | 50,603 | 47,313 | 46,542 | 40,822 | 323,212 | 255,435 | 183,051 | 33,514 | -13,635 | -4,876 | -5,506 | -3,357 | 3,780 |
| total shareholders funds | 41,556 | 46,469 | 50,629 | 50,603 | 47,313 | 46,542 | 40,822 | 323,212 | 255,435 | 183,051 | 33,514 | -13,635 | -4,876 | -5,506 | -3,357 | 3,780 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 628,437 | 521,803 | 237,314 | 3,290 | 9,388 | 530,720 | 504,054 | 362,414 | 279,435 | 186,921 | 69,609 | 211,791 | 153,378 | 234,277 | 201,608 | 194,160 |
| Depreciation | 6,954 | 6,878 | 6,649 | 6,649 | 6,649 | 6,649 | 6,649 | 9,353 | 15,726 | 21,523 | 26,776 | 24,925 | 22,042 | 19,647 | 24,812 | 27,801 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71,678 | -55,887 | -37,384 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -907 | 8,604 | -9,479 | 16,647 | 24,071 | -18,892 | -685 | 35,951 | -11,972 | 4,196 | 13,354 | -10,619 | -10,909 | 6,117 | 22,240 | 77,827 |
| Debtors | -92,204 | 169,474 | 52,021 | 11,865 | -91,859 | -48,456 | 41,086 | 31,710 | 51,716 | 22,468 | -22,984 | 6,434 | -14,804 | -25,494 | 41,186 | 50,406 |
| Creditors | 22,608 | 60,830 | -23,918 | -3,605 | 1,132 | -42,860 | -2,820 | -37,418 | 52,159 | 16,006 | -43,230 | 4,629 | 2,754 | -7,826 | 37,480 | 57,353 |
| Accruals and Deferred Income | 223,615 | -21,834 | 141,063 | 17,201 | -15,596 | -3,767 | -73,809 | 28,371 | 29,887 | 850 | 42,241 | -31,016 | 2,825 | 14,625 | 5,316 | 26,047 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 974,725 | 389,599 | 318,566 | -4,977 | 69,361 | 558,090 | 393,673 | 223,381 | 281,576 | 161,252 | 105,026 | 214,514 | 206,712 | 280,100 | 205,790 | 177,128 |
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -34,854 | 423,795 | 440,347 | 45,146 | -379,243 | -36,349 | 433,995 | -18,083 | 5,539 | -63,440 | 209,413 | 18,861 | -1,906 | -35,653 | 40,767 | 103,793 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 20,418 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -668,204 | -102,168 | 203,059 | 45,146 | -387,860 | -561,349 | -352,449 | -241,042 | -145,625 | -63,440 | 209,413 | 18,861 | -1,906 | -35,653 | 40,767 | 108,775 |
| cash and cash equivalents | ||||||||||||||||
| cash | 306,521 | 285,906 | 521,624 | 40,169 | -318,499 | -3,259 | 41,224 | -17,661 | 135,951 | 97,812 | 125,756 | -8,796 | 31,189 | -8,769 | 878 | 14,097 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 306,521 | 285,906 | 521,624 | 40,169 | -318,499 | -3,259 | 41,224 | -17,661 | 135,951 | 97,812 | 125,756 | -8,796 | 31,189 | -8,769 | 878 | 14,097 |
lancing college enterprises ltd. Credit Report and Business Information
Lancing College Enterprises Ltd. Competitor Analysis
Perform a competitor analysis for lancing college enterprises ltd. by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BN15 area or any other competitors across 12 key performance metrics.
lancing college enterprises ltd. Ownership
LANCING COLLEGE ENTERPRISES LTD. group structure
Lancing College Enterprises Ltd. has no subsidiary companies.
Ultimate parent company
2 parents
LANCING COLLEGE ENTERPRISES LTD.
01570797
lancing college enterprises ltd. directors
Lancing College Enterprises Ltd. currently has 5 directors. The longest serving directors include Mr Martin Slumbers (Sep 2011) and Mr Timothy Hancock (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Slumbers | 64 years | Sep 2011 | - | Director | |
| Mr Timothy Hancock | England | 69 years | Sep 2019 | - | Director |
| Mr Timothy Hancock | England | 69 years | Sep 2019 | - | Director |
| Mr Richard Stapleton | 79 years | Mar 2022 | - | Director | |
| Mrs Heather Beeby | 61 years | Sep 2023 | - | Director |
P&L
August 2024turnover
3.2m
+15%
operating profit
628.4k
+20%
gross margin
29.4%
-1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
41.6k
-0.11%
total assets
1.7m
+0.14%
cash
1.2m
+0.33%
net assets
Total assets minus all liabilities
lancing college enterprises ltd. company details
company number
01570797
Type
Private limited with Share Capital
industry
77210 - Renting and leasing of recreational and sports goods
incorporation date
June 1981
age
44
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2024
previous names
buxbrass limited (May 2024)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
lancing college, lancing, west sussex, BN15 0RW
Bank
-
Legal Advisor
-
lancing college enterprises ltd. 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 did not find charges/mortgages relating to lancing college enterprises ltd..
lancing college enterprises ltd. Capital Raised & Share Issues BETA
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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lancing college enterprises ltd. Companies House Filings - See Documents
| date | description | view/download |
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