Lecico Plc

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lecico plc Company Information

Company Number

02088118

Next Accounts

Jun 2025

Directors

Alain Gargour

Keith Hamer

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Shareholders

lecico (uk) ltd

Group Structure

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Industry

Wholesale of wood, construction materials and sanitary equipment

Registered Address

unit 2d, viking industrial estate, bedford, bedfordshire, MK41 0QB

Website

www.lecico.co.uk

lecico plc Estimated Valuation

£16.3m

Pomanda estimates the enterprise value of LECICO PLC at £16.3m based on a Turnover of £23.9m and 0.68x industry multiple (adjusted for size and gross margin).

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Lecico Plc is a live company located in bedford, MK41 0QB with a Companies House number of 02088118. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in January 1987, it's largest shareholder is lecico (uk) ltd with a 100% stake. Lecico Plc is a mature, large sized company, Pomanda has estimated its turnover at £23.9m with high growth in recent years.

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Pomanda's financial health check has awarded Lecico Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £23.9m, make it in line with the average company (£20.6m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (9.4%)

EXPORT

Lecico Plc's latest turnover from December 2023 is £23.9 million and the company has net assets of £2.7 million. According to their latest financial statements, Lecico Plc has 59 employees and maintains cash reserves of £35.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	23,873,623	21,772,165	16,839,209	12,591,757	15,131,645	14,857,829	15,149,564	15,158,056	15,027,157	13,781,937	11,358,543	10,176,094	11,025,544	12,733,070	13,057,573
Other Income Or Grants
Cost Of Sales	16,654,333	15,736,724	12,391,833	9,186,367	11,010,969	10,689,132	11,658,539	10,576,559	10,179,109	9,215,475	7,566,647	6,437,532	6,877,953	8,019,474	8,193,276
Gross Profit	7,219,290	6,035,441	4,447,376	3,405,390	4,120,676	4,168,697	3,491,025	4,581,497	4,848,048	4,566,462	3,791,896	3,738,562	4,147,591	4,713,596	4,864,297
Admin Expenses	6,800,765	5,567,512	3,783,432	3,245,736	4,196,771	3,639,120	3,536,462	4,423,282	4,839,709	4,508,810	3,721,978	3,415,111	3,606,370	3,879,581	4,198,702
Operating Profit	418,525	467,929	663,944	159,654	-76,095	529,577	-45,437	158,215	8,339	57,652	69,918	323,451	541,221	834,015	665,595
Interest Payable	96,003	92,793	57,167	1,993				2,047	15,881	20,981	11,926	9,113	26,157	39,684	16,453
Interest Receivable						85	50	1,483	3,904	3,955	4,396	4,864	5,749	3,344	1,522
Pre-Tax Profit	322,522	375,136	606,777	157,661	-76,095	529,662	-45,387	157,651	-3,638	40,626	62,388	319,202	520,813	797,675	650,664
Tax	-59,247	-51,801	-122,449	-7,934	7,241	-100,636		-27,401	149,211	21,608		-57,730	-109,746	-167,104	-100,000
Profit After Tax	263,275	323,335	484,328	149,727	-68,854	429,026	-45,387	130,250	145,573	62,234	62,388	261,472	411,067	630,571	550,664
Dividends Paid		3,472,750										350,000		600,000
Retained Profit	263,275	-3,149,415	484,328	149,727	-68,854	429,026	-45,387	130,250	145,573	62,234	62,388	-88,528	411,067	30,571	550,664
Employee Costs	2,961,644	2,462,606	2,014,938	1,884,075	2,184,642	2,025,787	2,005,725	2,126,179	2,518,373	2,201,188	1,740,005	1,607,661	1,770,978	1,759,960	1,582,725
Number Of Employees	59	50	42	44	51	50	52	55	62	63	57	50	51	54	43
EBITDA*	559,999	676,416	785,345	259,430	4,950	631,898	38,240	200,626	232,621	134,060	246,097	495,260	706,317	1,001,510	816,232

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	717,710	430,027	394,552	352,138	351,040	219,452	205,176	244,579	377,616	457,966	424,504	310,538	347,430	379,260	271,938
Intangible Assets	403,488	314,665	293,053	220,486	203,477	157,539	152,879	179,416	90,765	135,211	72,342	95,799	137,674	182,909	207,477
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,121,198	744,692	687,605	572,624	554,517	376,991	358,055	423,995	468,381	593,177	496,846	406,337	485,104	562,169	479,415
Stock & work in progress	3,228,084	3,160,880	2,920,802	2,241,319	2,396,555	2,015,554	2,467,369	2,073,897	2,358,625	2,385,127	2,346,156	2,080,216	2,312,895	2,101,035	2,206,415
Trade Debtors	4,033,941	4,147,197	3,492,861	3,339,974	2,811,811	3,006,515	3,112,911	1,843,212	1,824,340	3,445,804	3,089,202	2,192,077	2,460,811	2,768,167	3,818,614
Group Debtors	1,102,171		1,403,894	1,122,484	1,098,522	1,147,706	856,111	881,935	1,406,000	1,037,773	865,624	433,149	484,142	263,689	606,722
Misc Debtors	435,614	402,754	429,654	296,745	221,211	228,014	244,023	258,961	266,569	213,747	133,119	198,384	195,071	109,613	121,305
Cash	35,385	350,165	12,889	8,947	33,382	211,629	72,509	1,185,347	1,314,796	439,294	283,764	949,751	373,307	1,006,857	269,351
misc current assets
total current assets	8,835,195	8,060,996	8,260,100	7,009,469	6,561,481	6,609,418	6,752,923	6,243,352	7,170,330	7,521,745	6,717,865	5,853,577	5,826,226	6,249,361	7,022,407
total assets	9,956,393	8,805,688	8,947,705	7,582,093	7,115,998	6,986,409	7,110,978	6,667,347	7,638,711	8,114,922	7,214,711	6,259,914	6,311,330	6,811,530	7,501,822
Bank overdraft				40,975
Bank loan	22,673	21,858	512,151
Trade Creditors	801,311	969,232	730,708	701,729	623,972	483,734	761,850	1,141,884	1,022,251	600,109	3,351,653	2,590,463	2,332,352	3,130,809	3,783,037
Group/Directors Accounts	2,718,822	2,296,714		805,921	1,313,766	909,026	2,519,337	1,717,984	2,750,509	3,495,118
other short term finances			1,513,382	1,525,909	587,732	964,655
hp & lease commitments									49,941	109,408	76,845	55,211	76,686	71,197	64,105
other current liabilities	3,502,956	4,433,698	1,937,060	865,458	1,181,189	1,150,801	780,624	712,925	836,192	996,999	900,908	885,200	1,071,898	1,156,352	1,258,855
total current liabilities	7,045,762	7,721,502	4,693,301	3,939,992	3,706,659	3,508,216	4,061,811	3,572,793	4,658,893	5,201,634	4,329,406	3,530,874	3,480,936	4,358,358	5,105,997
loans	4,185	27,524	46,460	67,270
hp & lease commitments									15,517	94,560	128,811	34,934	47,760	81,605	54,829
Accruals and Deferred Income
other liabilities
provisions	249,192	162,683	164,550	15,765
total long term liabilities	253,377	190,207	211,010	83,035					15,517	94,560	128,811	34,934	47,760	81,605	54,829
total liabilities	7,299,139	7,911,709	4,904,311	4,023,027	3,706,659	3,508,216	4,061,811	3,572,793	4,674,410	5,296,194	4,458,217	3,565,808	3,528,696	4,439,963	5,160,826
net assets	2,657,254	893,979	4,043,394	3,559,066	3,409,339	3,478,193	3,049,167	3,094,554	2,964,301	2,818,728	2,756,494	2,694,106	2,782,634	2,371,567	2,340,996
total shareholders funds	2,657,254	893,979	4,043,394	3,559,066	3,409,339	3,478,193	3,049,167	3,094,554	2,964,301	2,818,728	2,756,494	2,694,106	2,782,634	2,371,567	2,340,996

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	418,525	467,929	663,944	159,654	-76,095	529,577	-45,437	158,215	8,339	57,652	69,918	323,451	541,221	834,015	665,595
Depreciation	87,449	159,491	80,290	64,107	47,969	75,781	57,140	26,733	165,086	42,192	138,530	129,934	119,861	116,404	112,215
Amortisation	54,025	48,996	41,111	35,669	33,076	26,540	26,537	15,678	59,196	34,216	37,649	41,875	45,235	51,091	38,422
Tax	-59,247	-51,801	-122,449	-7,934	7,241	-100,636		-27,401	149,211	21,608		-57,730	-109,746	-167,104	-100,000
Stock	67,204	240,078	679,483	-155,236	381,001	-451,815	393,472	-284,728	-26,502	38,971	265,940	-232,679	211,860	-105,380	2,206,415
Debtors	1,021,775	-776,458	567,206	627,659	-250,691	169,190	1,228,937	-512,801	-1,200,415	609,379	1,264,335	-316,414	-1,445	-1,405,172	4,546,641
Creditors	-167,921	238,524	28,979	77,757	140,238	-278,116	-380,034	119,633	422,142	-2,751,544	761,190	258,111	-798,457	-652,228	3,783,037
Accruals and Deferred Income	-930,742	2,496,638	1,071,602	-315,731	30,388	370,177	67,699	-123,267	-160,807	96,091	15,708	-186,698	-84,454	-102,503	1,258,855
Deferred Taxes & Provisions	86,509	-1,867	148,785	15,765
Cash flow from operations	-1,600,381	3,894,290	665,573	-443,136	52,507	905,948	-1,896,504	967,120	1,870,084	-3,148,135	-507,280	1,058,036	-496,755	1,590,227	-994,932
Investing Activities
capital expenditure	-517,980	-265,574				-121,257	-17,737	-754	-31,414	-186,132	-56,068	-30,209	-40,269	-104,694	-152,367
Change in Investments
cash flow from investments	-517,980	-265,574				-121,257	-17,737	-754	-31,414	-186,132	-56,068	-30,209	-40,269	-104,694	-152,367
Financing Activities
Bank loans	815	-490,293	512,151
Group/Directors Accounts	422,108	2,296,714	-805,921	-507,845	404,740	-1,610,311	801,353	-1,032,525	-744,609	3,495,118
Other Short Term Loans		-1,513,382	-12,527	938,177	-376,923	964,655
Long term loans	-23,339	-18,936	-20,810	67,270
Hire Purchase and Lease Commitments								-65,458	-138,510	-1,688	115,511	-34,301	-28,356	33,868	118,934
other long term liabilities
share issue	1,500,000							3							1,790,332
interest	-96,003	-92,793	-57,167	-1,993		85	50	-564	-11,977	-17,026	-7,530	-4,249	-20,408	-36,340	-14,931
cash flow from financing	1,803,581	181,310	-384,274	495,609	27,817	-645,571	801,403	-1,098,544	-895,096	3,476,404	107,981	-38,550	-48,764	-2,472	1,894,335
cash and cash equivalents
cash	-314,780	337,276	3,942	-24,435	-178,247	139,120	-1,112,838	-129,449	875,502	155,530	-665,987	576,444	-633,550	737,506	269,351
overdraft			-40,975	40,975
change in cash	-314,780	337,276	44,917	-65,410	-178,247	139,120	-1,112,838	-129,449	875,502	155,530	-665,987	576,444	-633,550	737,506	269,351

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LECICO PLC group structure

Lecico Plc has no subsidiary companies.

Ultimate parent company

LECICO EGYPT SAE

#0016109

LECICO (UK) LIMITED

02554893

2 parents

LECICO PLC

02088118

LECICO PLC Shareholders

lecico (uk) ltd

100%

Lecico Plc currently has 7 directors. The longest serving directors include Mr Alain Gargour (Nov 2001) and Mr Keith Hamer (Feb 2010).

officer	country	age	start	end	role
Mr Alain Gargour		72 years	Nov 2001	-	Director
Mr Keith Hamer	United Kingdom	74 years	Feb 2010	-	Director
Mr Taher Gargour	England	55 years	Feb 2013	-	Director
Mr David Gater	England	60 years	Apr 2016	-	Director
Mr John Thompson	England	52 years	Mar 2019	-	Director
Mr Colin Sykes	England	64 years	Jul 2023	-	Director
Mr Nicolas Twist	England	33 years	Jan 2025	-	Director

P&L

December 2023

turnover

23.9m

+10%

operating profit

418.5k

-11%

gross margin

30.3%

+9.09%

turnover

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

Balance Sheet

December 2023

net assets

2.7m

+1.97%

total assets

10m

+0.13%

cash

35.4k

-0.9%

net assets

Total assets minus all liabilities

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company number

02088118

Type

Public limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

January 1987

ultimate parent company

LECICO EGYPT SAE

previous names

laser bathrooms plc (December 1993)

radglon limited (November 1989)

address

unit 2d, viking industrial estate, bedford, bedfordshire, MK41 0QB

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 8 charges/mortgages relating to lecico plc. Currently there are 6 open charges and 2 have been satisfied in the past.

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lecico plc Company Information

lecico plc Estimated Valuation

lecico plc Estimated Valuation

lecico plc Estimated Valuation

Lecico Plc Overview

Lecico Plc Health Check

LECICO PLC financials

lecico plc Credit Report and Business Information

Lecico Plc Competitor Analysis

lecico plc Ownership

lecico plc directors

lecico plc company details

lecico plc Charges & Mortgages

lecico plc Capital Raised & Share Issues BETA

lecico plc Companies House Filings - See Documents