la mer limited

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la mer limited Company Information

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Company Number

01648649

Registered Address

1 dodds lane, preston street, faversham, kent, ME13 8PE

Industry

Wholesale of other food, including fish, crustaceans and molluscs

 

Telephone

01795531556

Next Accounts Due

May 2025

Group Structure

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Directors

Julian Miles11 Years

Paul Sahota5 Years

Shareholders

la mer holdings limited 100%

la mer limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of LA MER LIMITED at £3.8m based on a Turnover of £7.8m and 0.49x industry multiple (adjusted for size and gross margin).

la mer limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of LA MER LIMITED at £2.2m based on an EBITDA of £364.7k and a 6.06x industry multiple (adjusted for size and gross margin).

la mer limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of LA MER LIMITED at £6.4m based on Net Assets of £2.6m and 2.46x industry multiple (adjusted for liquidity).

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

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La Mer Limited Overview

La Mer Limited is a live company located in faversham, ME13 8PE with a Companies House number of 01648649. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in July 1982, it's largest shareholder is la mer holdings limited with a 100% stake. La Mer Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.8m with healthy growth in recent years.

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La Mer Limited Health Check

Pomanda's financial health check has awarded La Mer 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 £7.8m, make it smaller than the average company (£33.1m)

£7.8m - La Mer Limited

£33.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.7%)

12% - La Mer Limited

6.7% - Industry AVG

production

Production

with a gross margin of 14.7%, this company has a comparable cost of product (14.7%)

14.7% - La Mer Limited

14.7% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it more profitable than the average company (2.9%)

4.6% - La Mer Limited

2.9% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (41)

13 - La Mer Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)

£42.9k - La Mer Limited

£42.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £603.2k, this is equally as efficient (£686k)

£603.2k - La Mer Limited

£686k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is later than average (41 days)

53 days - La Mer Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 47 days, this is slower than average (28 days)

47 days - La Mer Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (52 days)

1 days - La Mer Limited

52 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (6 weeks)

32 weeks - La Mer Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.3%, this is a lower level of debt than the average (57%)

29.3% - La Mer Limited

57% - Industry AVG

la mer 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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La Mer Limited Competitor Analysis

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la mer limited Ownership

LA MER LIMITED group structure

La Mer Limited has no subsidiary companies.

Ultimate parent company

LA MER LIMITED

01648649

LA MER LIMITED Shareholders

la mer holdings limited 100%

la mer limited directors

La Mer Limited currently has 2 directors. The longest serving directors include Mr Julian Miles (Sep 2012) and Mr Paul Sahota (Sep 2018).

officercountryagestartendrole
Mr Julian MilesUnited Kingdom53 years Sep 2012- Director
Mr Paul Sahota44 years Sep 2018- Director

LA MER LIMITED financials

EXPORTms excel logo

La Mer Limited's latest turnover from August 2023 is estimated at £7.8 million and the company has net assets of £2.6 million. According to their latest financial statements, La Mer Limited has 13 employees and maintains cash reserves of £661.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover7,841,1506,736,0256,441,4235,584,1875,399,4155,065,4374,820,8395,920,5635,099,3464,246,8203,708,4293,767,6813,825,0754,094,1590
Other Income Or Grants000000000000000
Cost Of Sales6,685,0335,703,6935,623,7834,897,6414,760,7584,427,8654,198,9925,170,9524,517,3293,760,5873,260,9303,266,6233,275,8783,564,7440
Gross Profit1,156,1171,032,332817,640686,546638,657637,572621,847749,612582,016486,233447,498501,059549,197529,4150
Admin Expenses796,355592,776173,311324,681440,277740,684483,435445,194442,444356,134314,697475,414568,409558,784-556,661
Operating Profit359,762439,556644,329361,865198,380-103,112138,412304,418139,572130,099132,80125,645-19,212-29,369556,661
Interest Payable0000000000001,7503,9292,179
Interest Receivable34,27612,7766714031,466856309305265228276517597437166
Pre-Tax Profit394,037452,332645,000362,268199,846-102,256138,721304,723139,838130,327133,07726,162-20,365-32,861554,647
Tax-98,509-85,943-122,550-68,831-37,9710-26,357-60,944-27,967-27,369-30,608-6,27900-155,301
Profit After Tax295,528366,389522,450293,437161,875-102,256112,364243,778111,870102,958102,46919,883-20,365-32,861399,346
Dividends Paid000000000000000
Retained Profit295,528366,389522,450293,437161,875-102,256112,364243,778111,870102,958102,46919,883-20,365-32,861399,346
Employee Costs557,587511,839482,588437,316484,146438,718388,222368,034307,870256,622202,585211,811211,671246,8430
Number Of Employees131312111212121210977770
EBITDA*364,682444,602650,651369,056204,008-96,815143,155309,786147,967142,063144,50037,640-7,411-17,438571,351

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets13,58419,64018,56324,08119,81722,34017,8611,450,3231,452,9761,456,4981,465,30743,22450,70554,29373,130
Intangible Assets000000000000000
Investments & Other12,45411,2537,8576,365947,611998,1161,393,1605,9821,8351,8351,8351,8351,8351,8351,835
Debtors (Due After 1 year)000000000000000
Total Fixed Assets26,03830,89326,42030,446967,4281,020,4561,411,0211,456,3051,454,8111,458,3331,467,14245,05952,54056,12874,965
Stock & work in progress27,33415,66349,64918,12319,64520,31215,56115,8291,2739327293,5493,0014,4291,410
Trade Debtors1,154,3191,012,065959,765761,266858,208850,642831,556935,802714,993631,237587,778599,138611,211651,388554,392
Group Debtors1,724,7651,504,7651,229,765855,00000000000000
Misc Debtors63,46142,68423,54048,00417,34422,02133,09118,527000114,29193,643116,183157,503
Cash661,563709,458750,649591,069215,007175,81652,330195,15048,73157,36133,82976,478130,306108,43166,308
misc current assets000000000000000
total current assets3,631,4423,284,6353,013,3682,273,4621,110,2041,068,791932,5381,165,308764,997689,530622,336793,456838,161880,431779,613
total assets3,657,4803,315,5283,039,7882,303,9082,077,6322,089,2472,343,5592,621,6132,219,8082,147,8632,089,478838,515890,701936,559854,578
Bank overdraft000000000000053,83867,061
Bank loan000000000000000
Trade Creditors 871,252830,155873,923706,355624,478599,415564,771817,906652,305622,054505,908457,297529,038500,996370,330
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities194,838188,323237,271190,762340,198538,091366,385333,1980000000
total current liabilities1,066,0901,018,4781,111,194897,117964,6761,137,506931,1561,151,104652,305622,054505,908457,297529,038554,834437,391
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000359,227530,000870,000940,0001,100,0000000
provisions4,5235,7113,6444,2913,8934,5533,7323,4294,2014,3775,0965,2135,5415,2387,839
total long term liabilities4,5235,7113,6444,2913,8934,553362,959533,429874,201944,3771,105,0965,2135,5415,2387,839
total liabilities1,070,6131,024,1891,114,838901,408968,5691,142,0591,294,1151,684,5331,526,5061,566,4311,611,004462,510534,579560,072445,230
net assets2,586,8672,291,3391,924,9501,402,5001,109,063947,1881,049,444937,080693,302581,432478,474376,005356,122376,487409,348
total shareholders funds2,586,8672,291,3391,924,9501,402,5001,109,063947,1881,049,444937,080693,302581,432478,474376,005356,122376,487409,348
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit359,762439,556644,329361,865198,380-103,112138,412304,418139,572130,099132,80125,645-19,212-29,369556,661
Depreciation4,9205,0466,3227,1915,6286,2974,7435,3688,39511,96411,69911,99511,80111,93114,690
Amortisation000000000000000
Tax-98,509-85,943-122,550-68,831-37,9710-26,357-60,944-27,967-27,369-30,608-6,27900-155,301
Stock11,671-33,98631,526-1,522-6674,751-26814,556341203-2,820548-1,4283,0191,410
Debtors383,031346,444548,800788,7182,8898,016-89,682239,33683,75643,459-125,6518,575-62,71755,676711,895
Creditors41,097-43,768167,56881,87725,06334,644-253,135165,60130,251116,14648,611-71,74128,042130,666370,330
Accruals and Deferred Income6,515-48,94846,509-149,436-197,893171,70633,187333,1980000000
Deferred Taxes & Provisions-1,1882,067-647398-660821303-772-176-719-117-328303-2,6017,839
Cash flow from operations-82,105-44,448161,205-554,132-9,67597,589-12,897492,97765,978186,459290,857-49,83185,07951,93280,914
Investing Activities
capital expenditure1,136-6,123-804-11,455-3,105-10,7761,427,719-2,715-4,873-3,155-1,433,782-4,514-8,2136,906-87,820
Change in Investments1,2013,3961,492-941,246-50,505-395,0441,387,1784,1470000001,835
cash flow from investments-65-9,519-2,296929,79147,400384,26840,541-6,862-4,873-3,155-1,433,782-4,514-8,2136,906-89,655
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00000-359,227-170,773-340,000-70,000-160,0001,100,0000000
share issue0000000000000010,002
interest34,27612,7766714031,466856309305265228276517-1,153-3,492-2,013
cash flow from financing34,27612,7766714031,466-358,371-170,464-339,695-69,735-159,7721,100,276517-1,153-3,4927,989
cash and cash equivalents
cash-47,895-41,191159,580376,06239,191123,486-142,820146,419-8,63023,532-42,649-53,82821,87542,12366,308
overdraft000000000000-53,838-13,22367,061
change in cash-47,895-41,191159,580376,06239,191123,486-142,820146,419-8,63023,532-42,649-53,82875,71355,346-753

P&L

August 2023

turnover

7.8m

+16%

operating profit

359.8k

0%

gross margin

14.8%

-3.79%

turnover

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

Balance Sheet

August 2023

net assets

2.6m

+0.13%

total assets

3.7m

+0.1%

cash

661.6k

-0.07%

net assets

Total assets minus all liabilities

la mer limited company details

company number

01648649

Type

Private limited with Share Capital

industry

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

July 1982

age

42

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

1 dodds lane, preston street, faversham, kent, ME13 8PE

last accounts submitted

August 2023

la mer 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 la mer limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

la mer limited Companies House Filings - See Documents

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