michael j. lonsdale limited
michael j. lonsdale limited Company Information
Company Number
02066642
Next Accounts
256 days late
Shareholders
michael lonsdale limited
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
1066 london road, leigh on sea, essex, SS9 3NA
Website
www.michaellonsdale.commichael j. lonsdale limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL J. LONSDALE LIMITED at £138.4m based on a Turnover of £191.2m and 0.72x industry multiple (adjusted for size and gross margin).
michael j. lonsdale limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL J. LONSDALE LIMITED at £16.5m based on an EBITDA of £2.7m and a 6.12x industry multiple (adjusted for size and gross margin).
michael j. lonsdale limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL J. LONSDALE LIMITED at £14.6m based on Net Assets of £5.2m and 2.83x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Michael J. Lonsdale Limited Overview
Michael J. Lonsdale Limited is a live company located in essex, SS9 3NA with a Companies House number of 02066642. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in October 1986, it's largest shareholder is michael lonsdale limited with a 100% stake. Michael J. Lonsdale Limited is a mature, mega sized company, Pomanda has estimated its turnover at £191.2m with low growth in recent years.
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Michael J. Lonsdale Limited Health Check
Pomanda's financial health check has awarded Michael J. Lonsdale Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £191.2m, make it larger than the average company (£412.9k)
£191.2m - Michael J. Lonsdale Limited
£412.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.1%)
2% - Michael J. Lonsdale Limited
3.1% - Industry AVG
Production
with a gross margin of 7.7%, this company has a higher cost of product (28.2%)
7.7% - Michael J. Lonsdale Limited
28.2% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (6.9%)
1.3% - Michael J. Lonsdale Limited
6.9% - Industry AVG
Employees
with 237 employees, this is above the industry average (6)
237 - Michael J. Lonsdale Limited
6 - Industry AVG
Pay Structure
on an average salary of £99.9k, the company has a higher pay structure (£33.8k)
£99.9k - Michael J. Lonsdale Limited
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £806.6k, this is more efficient (£115.7k)
£806.6k - Michael J. Lonsdale Limited
£115.7k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (61 days)
92 days - Michael J. Lonsdale Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (47 days)
105 days - Michael J. Lonsdale Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Michael J. Lonsdale Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (22 weeks)
10 weeks - Michael J. Lonsdale Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (64.3%)
92.4% - Michael J. Lonsdale Limited
64.3% - Industry AVG
MICHAEL J. LONSDALE LIMITED financials
Michael J. Lonsdale Limited's latest turnover from September 2022 is £191.2 million and the company has net assets of £5.2 million. According to their latest financial statements, Michael J. Lonsdale Limited has 237 employees and maintains cash reserves of £12.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 191,171,675 | 176,194,584 | 132,643,303 | 180,165,020 | 173,248,882 | 215,324,761 | 187,138,672 | 169,703,587 | 131,443,285 | 168,819,215 | 147,369,086 | 136,099,271 | 90,017,088 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 176,407,529 | 164,150,552 | 120,370,961 | 160,368,122 | 156,696,517 | 201,075,036 | 175,156,227 | 161,884,521 | 127,699,536 | 160,248,834 | 134,251,535 | 120,077,107 | 78,333,496 |
| Gross Profit | 14,764,146 | 12,044,032 | 12,272,342 | 19,796,898 | 16,552,365 | 14,249,725 | 11,982,445 | 7,819,066 | 3,743,749 | 8,570,381 | 13,117,551 | 16,022,164 | 11,683,592 |
| Admin Expenses | 12,216,305 | 9,369,260 | 10,152,097 | 11,542,443 | 9,006,523 | 7,195,083 | 7,184,514 | 6,059,355 | 6,362,208 | 10,391,842 | 11,854,918 | 9,112,930 | 8,090,652 |
| Operating Profit | 2,547,841 | 2,674,772 | 2,120,245 | 8,254,455 | 7,545,842 | 7,054,642 | 4,797,931 | 1,759,711 | -2,618,459 | -1,821,461 | 1,262,633 | 6,909,234 | 3,592,940 |
| Interest Payable | 31,114 | 21,303 | 21,303 | 13,144 | 8,659 | 20,120 | 14,500 | 5,393 | 16,016 | 46,423 | 88,298 | 10,573 | 4,908 |
| Interest Receivable | 9,800 | 803 | 33,991 | 70,509 | 40,836 | 38,916 | 89,312 | 19,995 | 31,382 | 37,736 | 28,021 | 118,494 | 265,950 |
| Pre-Tax Profit | 2,526,527 | 2,654,272 | 2,292,296 | 7,404,448 | 7,578,019 | 7,073,438 | 4,872,743 | 1,774,313 | -1,224,314 | 1,812,774 | 1,202,356 | 7,017,155 | 3,667,196 |
| Tax | -234,509 | -174,865 | -768,731 | -1,756,952 | -1,395,617 | -1,509,605 | -853,717 | -387,348 | 57,816 | -536,418 | -176,053 | -2,263,457 | -1,167,893 |
| Profit After Tax | 2,292,018 | 2,479,407 | 1,523,565 | 5,647,496 | 6,182,402 | 5,563,833 | 4,019,026 | 1,386,965 | -1,166,498 | 1,276,356 | 1,026,303 | 4,753,698 | 2,499,303 |
| Dividends Paid | 2,400,000 | 4,400,000 | 4,200,000 | 4,000,000 | 100,000 | 100,000 | 860,000 | 300,000 | 3,100,000 | 2,260,000 | |||
| Retained Profit | 2,292,018 | 2,479,407 | 1,523,565 | 3,247,496 | 1,782,402 | 1,363,833 | 19,026 | 1,286,965 | -1,266,498 | 416,356 | 726,303 | 1,653,698 | 239,303 |
| Employee Costs | 23,671,613 | 18,531,797 | 16,742,825 | 15,958,824 | 11,658,767 | 10,016,641 | 9,647,263 | 7,260,131 | 5,423,769 | 5,215,609 | 8,249,785 | 6,177,852 | 6,000,601 |
| Number Of Employees | 237 | 208 | 204 | 178 | 139 | 133 | 128 | 109 | 91 | 102 | 103 | 102 | 94 |
| EBITDA* | 2,697,862 | 2,759,597 | 2,246,179 | 8,439,294 | 7,590,308 | 7,121,057 | 4,876,485 | 1,877,035 | -2,567,188 | -1,745,490 | 1,399,613 | 7,000,127 | 3,683,264 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 678,721 | 177,462 | 262,287 | 381,249 | 90,632 | 135,098 | 160,127 | 238,679 | 50,652 | 3,001,921 | 3,079,605 | 2,247,279 | 287,844 |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 50,000 | 107,604 | 107,604 | 107,604 | 50,000 | 50,000 | 50,000 | 50,000 | 57,604 | 77,813 | 99,276 | 120,356 | 126,116 |
| Total Fixed Assets | 728,721 | 285,066 | 369,891 | 488,853 | 140,632 | 185,098 | 210,127 | 288,679 | 108,256 | 3,079,734 | 3,178,881 | 2,367,635 | 413,960 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 48,701,387 | 40,712,496 | 31,623,016 | 47,561,942 | 36,161,164 | 45,939,832 | 41,412,385 | 53,933,196 | 36,984,771 | 40,501,480 | 35,356,447 | 31,142,475 | 30,952,192 |
| Group Debtors | 3,615,667 | 4,234,483 | 3,617,067 | 902,234 | 1,501,672 | 695,334 | 618,892 | ||||||
| Misc Debtors | 2,659,630 | 3,059,035 | 301,762 | 3,242,347 | 1,333,292 | 1,893,444 | 2,492,603 | 2,148,422 | 2,018,339 | 1,589,559 | 1,504,074 | 2,806,405 | 1,451,675 |
| Cash | 12,529,773 | 10,900,565 | 19,797,116 | 22,869,621 | 33,241,451 | 42,203,749 | 32,113,961 | 17,021,402 | 4,248,777 | 12,471,309 | 2,817,474 | 11,701,867 | 12,307,198 |
| misc current assets | 200,000 | ||||||||||||
| total current assets | 67,506,457 | 58,906,579 | 55,338,961 | 74,868,772 | 70,935,907 | 90,037,025 | 76,018,949 | 74,604,692 | 43,947,221 | 54,562,348 | 40,296,887 | 45,650,747 | 44,711,065 |
| total assets | 68,235,178 | 59,191,645 | 55,708,852 | 75,357,625 | 71,076,539 | 90,222,123 | 76,229,076 | 74,893,371 | 44,055,477 | 57,642,082 | 43,475,768 | 48,018,382 | 45,125,025 |
| Bank overdraft | 120,000 | 120,000 | 1,200,000 | ||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 51,124,082 | 39,398,128 | 32,664,070 | 41,890,373 | 35,870,065 | 51,035,281 | 37,615,057 | 35,096,119 | 25,980,473 | 22,247,727 | 19,549,966 | 17,999,906 | 15,218,493 |
| Group/Directors Accounts | 390,814 | 390,814 | 513,855 | 1,568,411 | 1,713,890 | 1,900,364 | 390,814 | 390,814 | 1,471,542 | 390,814 | 4,932,103 | 3,965,314 | |
| other short term finances | |||||||||||||
| hp & lease commitments | 54,321 | 249,294 | 53,325 | 53,325 | 72,899 | 75,534 | 29,207 | 30,621 | 12,180 | 54,000 | 56,136 | ||
| other current liabilities | 11,489,391 | 15,462,992 | 20,140,339 | 20,520,758 | 24,735,965 | 30,277,722 | 30,749,230 | 33,009,746 | 12,378,860 | 27,289,342 | 16,720,034 | 18,831,876 | 22,486,253 |
| total current liabilities | 62,667,794 | 55,501,228 | 53,248,548 | 62,978,311 | 62,247,340 | 83,102,427 | 70,293,858 | 68,527,300 | 38,750,147 | 51,128,611 | 36,792,994 | 43,017,885 | 41,726,196 |
| loans | 870,000 | 990,000 | |||||||||||
| hp & lease commitments | 385,005 | 249,294 | 302,619 | 72,899 | 162,413 | 193,034 | 34,026 | 86,056 | |||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 89,841 | 509,099 | 928,357 | ||||||||||
| provisions | |||||||||||||
| total long term liabilities | 385,005 | 249,294 | 302,619 | 72,899 | 252,254 | 702,133 | 928,357 | 870,000 | 990,000 | 34,026 | 86,056 | ||
| total liabilities | 63,052,799 | 55,501,228 | 53,497,842 | 63,280,930 | 62,247,340 | 83,175,326 | 70,546,112 | 69,229,433 | 39,678,504 | 51,998,611 | 37,782,994 | 43,051,911 | 41,812,252 |
| net assets | 5,182,379 | 3,690,417 | 2,211,010 | 12,076,695 | 8,829,199 | 7,046,797 | 5,682,964 | 5,663,938 | 4,376,973 | 5,643,471 | 5,692,774 | 4,966,471 | 3,312,773 |
| total shareholders funds | 5,182,379 | 3,690,417 | 2,211,010 | 12,076,695 | 8,829,199 | 7,046,797 | 5,682,964 | 5,663,938 | 4,376,973 | 5,643,471 | 5,692,774 | 4,966,471 | 3,312,773 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 2,547,841 | 2,674,772 | 2,120,245 | 8,254,455 | 7,545,842 | 7,054,642 | 4,797,931 | 1,759,711 | -2,618,459 | -1,821,461 | 1,262,633 | 6,909,234 | 3,592,940 |
| Depreciation | 150,021 | 84,825 | 125,934 | 184,839 | 44,466 | 66,415 | 78,554 | 117,324 | 51,271 | 75,971 | 136,980 | 90,893 | 90,324 |
| Amortisation | |||||||||||||
| Tax | -234,509 | -174,865 | -768,731 | -1,756,952 | -1,395,617 | -1,509,605 | -853,717 | -387,348 | 57,816 | -536,418 | -176,053 | -2,263,457 | -1,167,893 |
| Stock | |||||||||||||
| Debtors | 6,913,066 | 12,464,169 | -16,164,678 | 14,269,671 | -10,338,820 | 3,928,288 | -13,678,302 | 17,877,242 | -2,412,804 | 4,590,163 | 3,509,453 | 1,539,253 | 32,529,983 |
| Creditors | 11,725,954 | 6,734,058 | -9,226,303 | 6,020,308 | -15,165,216 | 13,420,224 | 2,518,938 | 9,115,646 | 3,732,746 | 2,697,761 | 1,550,060 | 2,781,413 | 15,218,493 |
| Accruals and Deferred Income | -3,973,601 | -4,677,347 | -380,419 | -4,215,207 | -5,541,757 | -471,508 | -2,260,516 | 20,630,886 | -14,910,482 | 10,569,308 | -2,111,842 | -3,654,377 | 22,486,253 |
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | 3,302,640 | -7,822,726 | 8,035,404 | -5,782,228 | -4,173,462 | 14,631,880 | 17,959,492 | 13,358,977 | -11,274,304 | 6,394,998 | -2,847,675 | 2,324,453 | 7,690,134 |
| Investing Activities | |||||||||||||
| capital expenditure | -200,000 | 668,153 | 878,231 | -248,600 | |||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | -200,000 | 668,153 | 878,231 | -248,600 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -390,814 | -123,041 | -1,054,556 | -145,479 | -186,474 | 1,509,550 | -1,080,728 | 1,080,728 | -4,541,289 | 966,789 | 3,965,314 | ||
| Other Short Term Loans | |||||||||||||
| Long term loans | -870,000 | -120,000 | 990,000 | ||||||||||
| Hire Purchase and Lease Commitments | 190,032 | -53,325 | -53,325 | 283,045 | -75,534 | -43,187 | -32,035 | 223,655 | -12,180 | -75,846 | -54,166 | 142,192 | |
| other long term liabilities | -89,841 | -419,258 | -419,258 | 928,357 | |||||||||
| share issue | |||||||||||||
| interest | -21,314 | -20,500 | 12,688 | 57,365 | 32,177 | 18,796 | 74,812 | 14,602 | 15,366 | -8,687 | -60,277 | 107,921 | 261,042 |
| cash flow from financing | -1,022,152 | -1,073,825 | -11,552,928 | -714,146 | -188,836 | -300,706 | 1,133,069 | -181,001 | -1,007,005 | 474,202 | -3,687,412 | 1,020,544 | 7,442,018 |
| cash and cash equivalents | |||||||||||||
| cash | 1,629,208 | -8,896,551 | -3,072,505 | -10,371,830 | -8,962,298 | 10,089,788 | 15,092,559 | 12,772,625 | -8,222,532 | 9,653,835 | -8,884,393 | -605,331 | 12,307,198 |
| overdraft | -120,000 | -1,080,000 | 1,200,000 | ||||||||||
| change in cash | 1,629,208 | -8,896,551 | -3,072,505 | -10,371,830 | -8,962,298 | 10,089,788 | 15,092,559 | 12,772,625 | -8,102,532 | 9,653,835 | -7,804,393 | -1,805,331 | 12,307,198 |
michael j. lonsdale limited Credit Report and Business Information
Michael J. Lonsdale Limited Competitor Analysis
Perform a competitor analysis for michael j. lonsdale limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in SS9 area or any other competitors across 12 key performance metrics.
michael j. lonsdale limited Ownership
MICHAEL J. LONSDALE LIMITED group structure
Michael J. Lonsdale Limited has no subsidiary companies.
michael j. lonsdale limited directors
Michael J. Lonsdale Limited currently has 6 directors. The longest serving directors include Mr Michael Hoodless (Jul 1991) and Mr Gary Herbert (Jul 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Hoodless | 66 years | Jul 1991 | - | Director | |
| Mr Gary Herbert | United Kingdom | 62 years | Jul 1991 | - | Director |
| Mr Mark Heath | 53 years | Jan 2001 | - | Director | |
| Mr Panayiotis Hadjioannou | England | 65 years | Jan 2002 | - | Director |
| Mr Kevin Feerick | 65 years | Jan 2002 | - | Director | |
| Mr Andrew Shearlaw | 58 years | Jan 2021 | - | Director |
P&L
September 2022turnover
191.2m
+9%
operating profit
2.5m
-5%
gross margin
7.8%
+12.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
5.2m
+0.4%
total assets
68.2m
+0.15%
cash
12.5m
+0.15%
net assets
Total assets minus all liabilities
michael j. lonsdale limited company details
company number
02066642
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
October 1986
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
EACOTTS INTERNATIONAL LIMITED
address
1066 london road, leigh on sea, essex, SS9 3NA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
michael j. lonsdale 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 15 charges/mortgages relating to michael j. lonsdale limited. Currently there are 1 open charges and 14 have been satisfied in the past.
michael j. lonsdale limited 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.
Click to start generating capital raising & share issue transactions for MICHAEL J. LONSDALE LIMITED. This can take several minutes, an email will notify you when this has completed.
michael j. lonsdale limited Companies House Filings - See Documents
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