la mer limited Company Information
Company Number
01648649
Website
www.la-mer.co.ukRegistered 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
View All
Shareholders
la mer holdings limited 100%
la mer limited Estimated Valuation
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
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
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).
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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
6 Strong
3 Regular
3 Weak
Size
annual sales of £7.8m, make it smaller than the average company (£33.1m)
- La Mer Limited
£33.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.7%)
- La Mer Limited
6.7% - Industry AVG
Production
with a gross margin of 14.7%, this company has a comparable cost of product (14.7%)
- La Mer Limited
14.7% - Industry AVG
Profitability
an operating margin of 4.6% make it more profitable than the average company (2.9%)
- La Mer Limited
2.9% - Industry AVG
Employees
with 13 employees, this is below the industry average (41)
13 - La Mer Limited
41 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- La Mer Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £603.2k, this is equally as efficient (£686k)
- La Mer Limited
£686k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (41 days)
- La Mer Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (28 days)
- La Mer Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (52 days)
- La Mer Limited
52 days - Industry AVG
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
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
La Mer Limited Competitor Analysis
Perform a competitor analysis for la mer limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
La Mer Limited currently has 2 directors. The longest serving directors include Mr Julian Miles (Sep 2012) and Mr Paul Sahota (Sep 2018).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Julian Miles | United Kingdom | 53 years | Sep 2012 | - | Director |
Mr Paul Sahota | 44 years | Sep 2018 | - | Director |
LA MER LIMITED financials
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 House, Pomanda Estimates
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 | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 13 | 13 | 12 | 11 | 12 | 12 | 12 | 12 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | 13,584 | 19,640 | 18,563 | 24,081 | 19,817 | 22,340 | 17,861 | 1,450,323 | 1,452,976 | 1,456,498 | 1,465,307 | 43,224 | 50,705 | 54,293 | 73,130 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 12,454 | 11,253 | 7,857 | 6,365 | 947,611 | 998,116 | 1,393,160 | 5,982 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 26,038 | 30,893 | 26,420 | 30,446 | 967,428 | 1,020,456 | 1,411,021 | 1,456,305 | 1,454,811 | 1,458,333 | 1,467,142 | 45,059 | 52,540 | 56,128 | 74,965 |
Stock & work in progress | 27,334 | 15,663 | 49,649 | 18,123 | 19,645 | 20,312 | 15,561 | 15,829 | 1,273 | 932 | 729 | 3,549 | 3,001 | 4,429 | 1,410 |
Trade Debtors | 1,154,319 | 1,012,065 | 959,765 | 761,266 | 858,208 | 850,642 | 831,556 | 935,802 | 714,993 | 631,237 | 587,778 | 599,138 | 611,211 | 651,388 | 554,392 |
Group Debtors | 1,724,765 | 1,504,765 | 1,229,765 | 855,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 63,461 | 42,684 | 23,540 | 48,004 | 17,344 | 22,021 | 33,091 | 18,527 | 0 | 0 | 0 | 114,291 | 93,643 | 116,183 | 157,503 |
Cash | 661,563 | 709,458 | 750,649 | 591,069 | 215,007 | 175,816 | 52,330 | 195,150 | 48,731 | 57,361 | 33,829 | 76,478 | 130,306 | 108,431 | 66,308 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,631,442 | 3,284,635 | 3,013,368 | 2,273,462 | 1,110,204 | 1,068,791 | 932,538 | 1,165,308 | 764,997 | 689,530 | 622,336 | 793,456 | 838,161 | 880,431 | 779,613 |
total assets | 3,657,480 | 3,315,528 | 3,039,788 | 2,303,908 | 2,077,632 | 2,089,247 | 2,343,559 | 2,621,613 | 2,219,808 | 2,147,863 | 2,089,478 | 838,515 | 890,701 | 936,559 | 854,578 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,838 | 67,061 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 871,252 | 830,155 | 873,923 | 706,355 | 624,478 | 599,415 | 564,771 | 817,906 | 652,305 | 622,054 | 505,908 | 457,297 | 529,038 | 500,996 | 370,330 |
Group/Directors Accounts | 0 | 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 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 194,838 | 188,323 | 237,271 | 190,762 | 340,198 | 538,091 | 366,385 | 333,198 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,066,090 | 1,018,478 | 1,111,194 | 897,117 | 964,676 | 1,137,506 | 931,156 | 1,151,104 | 652,305 | 622,054 | 505,908 | 457,297 | 529,038 | 554,834 | 437,391 |
loans | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 359,227 | 530,000 | 870,000 | 940,000 | 1,100,000 | 0 | 0 | 0 | 0 |
provisions | 4,523 | 5,711 | 3,644 | 4,291 | 3,893 | 4,553 | 3,732 | 3,429 | 4,201 | 4,377 | 5,096 | 5,213 | 5,541 | 5,238 | 7,839 |
total long term liabilities | 4,523 | 5,711 | 3,644 | 4,291 | 3,893 | 4,553 | 362,959 | 533,429 | 874,201 | 944,377 | 1,105,096 | 5,213 | 5,541 | 5,238 | 7,839 |
total liabilities | 1,070,613 | 1,024,189 | 1,114,838 | 901,408 | 968,569 | 1,142,059 | 1,294,115 | 1,684,533 | 1,526,506 | 1,566,431 | 1,611,004 | 462,510 | 534,579 | 560,072 | 445,230 |
net assets | 2,586,867 | 2,291,339 | 1,924,950 | 1,402,500 | 1,109,063 | 947,188 | 1,049,444 | 937,080 | 693,302 | 581,432 | 478,474 | 376,005 | 356,122 | 376,487 | 409,348 |
total shareholders funds | 2,586,867 | 2,291,339 | 1,924,950 | 1,402,500 | 1,109,063 | 947,188 | 1,049,444 | 937,080 | 693,302 | 581,432 | 478,474 | 376,005 | 356,122 | 376,487 | 409,348 |
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 | |||||||||||||||
Depreciation | 4,920 | 5,046 | 6,322 | 7,191 | 5,628 | 6,297 | 4,743 | 5,368 | 8,395 | 11,964 | 11,699 | 11,995 | 11,801 | 11,931 | 14,690 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 11,671 | -33,986 | 31,526 | -1,522 | -667 | 4,751 | -268 | 14,556 | 341 | 203 | -2,820 | 548 | -1,428 | 3,019 | 1,410 |
Debtors | 383,031 | 346,444 | 548,800 | 788,718 | 2,889 | 8,016 | -89,682 | 239,336 | 83,756 | 43,459 | -125,651 | 8,575 | -62,717 | 55,676 | 711,895 |
Creditors | 41,097 | -43,768 | 167,568 | 81,877 | 25,063 | 34,644 | -253,135 | 165,601 | 30,251 | 116,146 | 48,611 | -71,741 | 28,042 | 130,666 | 370,330 |
Accruals and Deferred Income | 6,515 | -48,948 | 46,509 | -149,436 | -197,893 | 171,706 | 33,187 | 333,198 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -1,188 | 2,067 | -647 | 398 | -660 | 821 | 303 | -772 | -176 | -719 | -117 | -328 | 303 | -2,601 | 7,839 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 1,201 | 3,396 | 1,492 | -941,246 | -50,505 | -395,044 | 1,387,178 | 4,147 | 0 | 0 | 0 | 0 | 0 | 0 | 1,835 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 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 | 0 |
Long term loans | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | -359,227 | -170,773 | -340,000 | -70,000 | -160,000 | 1,100,000 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -47,895 | -41,191 | 159,580 | 376,062 | 39,191 | 123,486 | -142,820 | 146,419 | -8,630 | 23,532 | -42,649 | -53,828 | 21,875 | 42,123 | 66,308 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,838 | -13,223 | 67,061 |
change in cash | -47,895 | -41,191 | 159,580 | 376,062 | 39,191 | 123,486 | -142,820 | 146,419 | -8,630 | 23,532 | -42,649 | -53,828 | 75,713 | 55,346 | -753 |
P&L
August 2023turnover
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 2023net 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
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.
la mer limited Companies House Filings - See Documents
date | description | view/download |
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