Pomanda estimates the enterprise value of LOCAL SOLUTIONS at £10.9m based on a Turnover of £13.3m and 0.82x industry multiple (adjusted for size and gross margin).
local solutionsEstimated Valuation
£1m
Pomanda estimates the enterprise value of LOCAL SOLUTIONS at £1m based on an EBITDA of £175.2k and a 5.91x industry multiple (adjusted for size and gross margin).
local solutionsEstimated Valuation
£6.5m
Pomanda estimates the enterprise value of LOCAL SOLUTIONS at £6.5m based on Net Assets of £2.5m and 2.58x industry multiple (adjusted for liquidity).
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Local SolutionsOverview
Local Solutions is a live company located in liverpool, L13 1FB with a Companies House number of 01792921. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in February 1984, it's largest shareholder is
unknown.
Local Solutions is a mature,
mid sized company, Pomanda has estimated its turnover at
£13.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Local Solutions a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £13.3m, make it larger than the average company (£2.3m)
£13.3m - Local Solutions
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.6%)
-3% - Local Solutions
5.6% - Industry AVG
Production
with a gross margin of 37.3%, this company has a comparable cost of product (37.3%)
37.3% - Local Solutions
37.3% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (7.3%)
1.1% - Local Solutions
7.3% - Industry AVG
Employees
with 531 employees, this is above the industry average (57)
531 - Local Solutions
57 - Industry AVG
Pay Structure
on an average salary of £21k, the company has a lower pay structure (£27.3k)
£21k - Local Solutions
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £25.1k, this is less efficient (£45.8k)
£25.1k - Local Solutions
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is near the average (20 days)
19 days - Local Solutions
20 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (9 days)
4 days - Local Solutions
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Local Solutions
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 92 weeks, this is more cash available to meet short term requirements (74 weeks)
92 weeks - Local Solutions
74 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.1%, this is a higher level of debt than the average (30.3%)
35.1% - Local Solutions
30.3% - Industry AVG
LOCAL SOLUTIONS financials
EXPORT
Local Solutions's latest turnover from March 2024 is £13.3 million and the company has net assets of £2.5 million. According to their latest financial statements, Local Solutions has 531 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
13,328,907
12,497,025
13,341,438
14,465,881
14,275,999
13,630,547
13,109,461
16,467,385
19,508,305
17,766,185
17,773,254
17,756,885
18,670,045
20,991,911
17,429,464
Other Income Or Grants
Cost Of Sales
8,352,274
7,564,659
8,372,909
9,247,929
8,908,543
8,560,049
7,950,870
9,859,890
12,049,871
11,034,101
10,968,345
10,777,000
11,282,127
12,257,981
9,829,627
Gross Profit
4,976,633
4,932,366
4,968,529
5,217,952
5,367,456
5,070,498
5,158,591
6,607,495
7,458,434
6,732,084
6,804,909
6,979,885
7,387,918
8,733,930
7,599,837
Admin Expenses
4,828,378
5,328,997
4,215,937
5,095,741
5,832,289
5,388,808
5,157,107
7,106,444
7,037,694
6,586,089
7,153,295
6,981,385
7,836,518
7,602,138
7,523,246
Operating Profit
148,255
-396,631
752,592
122,211
-464,833
-318,310
1,484
-498,949
420,740
145,995
-348,386
-1,500
-448,600
1,131,792
76,591
Interest Payable
1,089
2,471
2,068
1,120
76
177
162
76
Interest Receivable
23
742
Pre-Tax Profit
183,751
-321,915
621,068
100,048
-463,672
-309,130
5,607
-498,696
338,020
118,002
-344,104
1,785
-443,869
817,366
55,462
Tax
Profit After Tax
183,751
-321,915
621,068
100,048
-463,672
-309,130
5,607
-498,696
338,020
118,002
-344,104
1,785
-443,869
817,366
55,462
Dividends Paid
Retained Profit
183,751
-321,915
621,068
100,048
-463,672
-309,130
5,607
-498,696
338,020
118,002
-344,104
1,785
-443,869
817,366
55,462
Employee Costs
11,156,046
10,593,547
10,510,952
11,796,038
12,133,398
11,370,798
10,718,470
14,173,103
15,746,006
14,506,350
15,294,124
15,145,904
16,373,962
16,983,805
14,195,116
Number Of Employees
531
537
624
743
768
802
1,026
1,027
1,120
834
881
841
917
1,129
771
EBITDA*
175,229
-358,720
783,130
156,396
-427,973
-262,446
69,352
-426,103
485,924
177,086
-321,990
26,031
-413,937
1,169,288
121,722
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
252,348
1,077,091
1,115,002
1,100,003
1,042,053
1,076,941
1,909,888
1,958,650
1,997,894
1,196,205
172,772
174,350
177,295
198,123
197,906
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
252,348
1,077,091
1,115,002
1,100,003
1,042,053
1,076,941
1,909,888
1,958,650
1,997,894
1,196,205
172,772
174,350
177,295
198,123
197,906
Stock & work in progress
19,843
17,184
16,035
16,908
33,453
Trade Debtors
720,532
673,160
824,999
726,682
607,831
720,798
512,799
540,235
1,442,034
2,612,509
2,599,192
1,058,412
1,174,181
Group Debtors
Misc Debtors
575,671
500,825
297,715
430,509
785,311
1,345,521
926,415
963,863
669,870
2,519,215
2,418,566
140,862
126,116
2,274,415
2,137,191
Cash
2,331,595
1,353,988
2,162,070
1,613,603
996,325
1,326,302
1,121,766
1,053,571
1,402,025
1,894,098
866,323
846,597
692,899
1,199,637
175,642
misc current assets
total current assets
3,627,798
2,527,973
3,284,784
2,770,794
2,389,467
3,392,621
2,560,980
2,557,669
3,513,929
4,413,313
3,304,732
3,617,152
3,434,242
4,549,372
3,520,467
total assets
3,880,146
3,605,064
4,399,786
3,870,797
3,431,520
4,469,562
4,470,868
4,516,319
5,511,823
5,609,518
3,477,504
3,791,502
3,611,537
4,747,495
3,718,373
Bank overdraft
Bank loan
Trade Creditors
94,955
139,502
89,274
1,791,273
31,952
151,921
137,036
86,807
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
1,219,163
1,088,285
1,509,920
1,462,592
2,068,914
1,761,090
1,812,148
2,218,825
2,636,171
1,346,353
1,331,132
1,203,181
1,982,077
1,770,321
total current liabilities
1,314,118
1,227,787
1,599,194
1,791,273
1,494,544
2,068,914
1,761,090
1,812,148
2,218,825
2,636,171
1,498,274
1,468,168
1,289,988
1,982,077
1,770,321
loans
90,131
108,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
100,000
provisions
46,100
41,100
42,500
42,500
total long term liabilities
46,100
41,100
142,500
42,500
90,131
108,500
total liabilities
1,360,218
1,268,887
1,741,694
1,833,773
1,494,544
2,068,914
1,761,090
1,812,148
2,308,956
2,744,671
1,498,274
1,468,168
1,289,988
1,982,077
1,770,321
net assets
2,519,928
2,336,177
2,658,092
2,037,024
1,936,976
2,400,648
2,709,778
2,704,171
3,202,867
2,864,847
1,979,230
2,323,334
2,321,549
2,765,418
1,948,052
total shareholders funds
2,519,928
2,336,177
2,658,092
2,037,024
1,936,976
2,400,648
2,709,778
2,704,171
3,202,867
2,864,847
1,979,230
2,323,334
2,321,549
2,765,418
1,948,052
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
148,255
-396,631
752,592
122,211
-464,833
-318,310
1,484
-498,949
420,740
145,995
-348,386
-1,500
-448,600
1,131,792
76,591
Depreciation
26,974
37,911
30,538
34,185
36,860
55,864
67,868
72,846
65,184
31,091
26,396
27,531
34,663
37,496
45,131
Amortisation
Tax
Stock
-19,843
2,659
1,149
-873
-16,545
33,453
Debtors
122,218
51,271
-34,477
-235,951
-673,177
627,105
-64,884
-607,806
-407,311
100,649
-334,805
28,063
-607,519
21,455
3,311,372
Creditors
-44,547
50,228
-1,701,999
1,759,321
31,952
-151,921
14,885
50,229
86,807
Accruals and Deferred Income
130,878
-421,635
1,509,920
-1,462,592
-606,322
307,824
-51,058
-406,677
-417,346
1,289,818
15,221
127,951
-778,896
211,756
1,770,321
Deferred Taxes & Provisions
5,000
-1,400
42,500
Cash flow from operations
144,342
-782,798
625,528
731,576
-329,166
-581,727
83,178
-224,974
475,889
1,234,177
40,262
174,999
-497,634
1,376,134
-1,452,782
Investing Activities
capital expenditure
776,838
50,894
-33,602
-8,417
-206,924
-24,835
-23,008
-13,462
-36,247
-11,896
Change in Investments
cash flow from investments
776,838
50,894
-33,602
-8,417
-206,924
-24,835
-23,008
-13,462
-36,247
-11,896
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-90,131
-18,369
108,500
Hire Purchase and Lease Commitments
other long term liabilities
-100,000
100,000
share issue
767,615
1,892,590
interest
-1,089
-2,471
-2,045
-1,120
-76
-177
-162
666
cash flow from financing
-100,000
100,000
-91,220
-20,840
874,070
-1,120
-76
-177
-162
1,893,256
cash and cash equivalents
cash
977,607
-808,082
548,467
617,278
-329,977
204,536
68,195
-348,454
-492,073
1,027,775
19,726
153,698
-506,738
1,023,995
175,642
overdraft
change in cash
977,607
-808,082
548,467
617,278
-329,977
204,536
68,195
-348,454
-492,073
1,027,775
19,726
153,698
-506,738
1,023,995
175,642
local solutions Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for local solutions. Get real-time insights into local solutions's credit score, group structure and payment trends.
Perform a competitor analysis for local solutions by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in L13 area or any other competitors across 12 key performance metrics.
local solutions Ownership
LOCAL SOLUTIONS group structure
Local Solutions has no subsidiary companies.
Ultimate parent company
LOCAL SOLUTIONS
01792921
LOCAL SOLUTIONS Shareholders
The sole shareholder of Local Solutions is -.
-
-
local solutions directors
Local Solutions currently has 10 directors.
The longest serving directors include
Dr Crispin Pailing Mbe (Nov 2015) and
Mrs Hazel Snell (Feb 2017).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
87900 - Other residential care activities
incorporation date
February 1984
age
41
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
merseyside council for voluntary service (November 2000)
accountant
-
auditor
DSG
address
suite a, 1st floor, building 200, vortex court, liverpool, L13 1FB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BRABNERS LLP, AARON & PARTNERS
local solutions 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 5 charges/mortgages relating to local solutions. Currently there are 4 open charges and 1 have been satisfied in the past.
local solutions 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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local solutionsCompanies House Filings - See Documents
