Derek Latham & Co. Limited

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derek latham & co. limited Company Information

Live

MatureSmallLow

Company Number

02193823

Website

http://lathamarchitects.co.uk

Registered Address

1 college place, derby, derbyshire, DE1 3DY

Industry

Architectural activities

Telephone

01332365777

Next Accounts Due

March 2025

Group Structure

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Directors

Jonathan Phipps20 Years

Chris Twomey17 Years

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Shareholders

lathams trustees limited 100%

derek latham & co. limited Estimated Valuation

£640.7k

Pomanda estimates the enterprise value of DEREK LATHAM & CO. LIMITED at £640.7k based on Net Assets of £188.3k and 3.4x industry multiple (adjusted for liquidity).

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Derek Latham & Co. Limited is a live company located in derbyshire, DE1 3DY with a Companies House number of 02193823. It operates in the architectural activities sector, SIC Code 71111. Founded in November 1987, it's largest shareholder is lathams trustees limited with a 100% stake. Derek Latham & Co. Limited is a mature, small sized company, Pomanda has estimated its turnover at £821.2k with low growth in recent years.

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Pomanda's financial health check has awarded Derek Latham & Co. Limited a 2 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 Rating2out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £821.2k, make it larger than the average company (£657.6k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.1%)

EXPORT

Derek Latham & Co. Limited's latest turnover from June 2023 is estimated at £821.2 thousand and the company has net assets of £188.3 thousand. According to their latest financial statements, Derek Latham & Co. Limited has 17 employees and maintains cash reserves of £59.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 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	821,192	794,381	793,700	771,487	736,679	634,490	593,438	541,964	546,583	1,074,162	976,178	1,483,322	1,147,096	1,185,716	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	529,828	529,047	559,525	535,056	507,743	418,625	392,035	344,655	347,849	689,252	619,438	955,162	721,376	740,995	0
Gross Profit	291,365	265,334	234,175	236,430	228,936	215,866	201,403	197,309	198,734	384,910	356,740	528,160	425,720	444,721	0
Admin Expenses	262,769	233,283	163,605	268,491	218,728	214,535	226,130	240,599	320,469	329,728	448,448	549,637	431,617	440,404	-437,620
Operating Profit	28,596	32,051	70,570	-32,061	10,208	1,331	-24,727	-43,290	-121,735	55,182	-91,708	-21,477	-5,897	4,317	437,620
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,820	963	135	37	256	392	280	109	282	278	372	851	1,277	886	179
Pre-Tax Profit	32,416	33,014	70,705	-32,024	10,464	1,723	-24,447	-43,181	-121,453	55,459	-91,336	-20,626	-4,620	5,203	437,799
Tax	-8,104	-6,273	-13,434	0	-1,988	-327	0	0	0	-11,646	0	0	0	-1,457	-122,584
Profit After Tax	24,312	26,741	57,271	-32,024	8,476	1,396	-24,447	-43,181	-121,453	43,813	-91,336	-20,626	-4,620	3,746	315,215
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	24,312	26,741	57,271	-32,024	8,476	1,396	-24,447	-43,181	-121,453	43,813	-91,336	-20,626	-4,620	3,746	315,215
Employee Costs	853,162	719,065	777,088	689,530	681,447	690,250	609,300	470,099	226,019	365,878	362,850	563,837	485,385	516,054	0
Number Of Employees	17	16	17	15	15	15	14	10	5	8	8	13	11	12	0
EBITDA*	40,895	41,190	79,735	-26,244	14,979	6,424	-19,919	-39,578	-118,730	60,529	-85,723	-14,997	-2,300	12,751	450,935

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 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	24,897	27,416	31,586	19,822	13,633	10,196	5,637	5,773	6,660	2,598	5,650	10,488	5,055	4,474	10,578
Intangible Assets	36,000	30,195	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	60,897	57,611	31,586	19,822	13,633	10,196	5,637	5,773	6,660	2,598	5,650	10,488	5,055	4,474	10,578
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	268,984	288,024	271,885	241,169	241,563	183,564	168,150	182,484	225,376	400,029	351,071	495,050	395,582	426,891	531,570
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	6,590	5,649	0	0	0	0	0	0	0
Cash	59,911	92,889	61,160	46,812	26,795	41,486	63,116	48,802	38,403	74,450	36,569	112,303	227,991	282,972	71,406
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	328,895	380,913	333,045	287,981	268,358	225,050	237,856	236,935	263,779	474,479	387,640	607,353	623,573	709,863	602,976
total assets	389,792	438,524	364,631	307,803	281,991	235,246	243,493	242,708	270,439	477,077	393,290	617,841	628,628	714,337	613,554
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	175,354	239,401	186,543	177,727	167,603	123,470	134,017	42,264	25,360	186,070	146,096	279,311	269,472	350,561	253,524
Group/Directors Accounts	0	0	0	0	0	7,000	7,000	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	0	0	0	0	0	0	0	73,547	74,962	0	0	0	0	0	0
total current liabilities	175,354	239,401	186,543	177,727	167,603	130,470	141,017	115,811	100,322	186,070	146,096	279,311	269,472	350,561	253,524
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	19,876	29,888	34,802	46,296	0	0	0	0	0	0	0	0	0	0	0
provisions	6,224	5,209	6,001	3,766	2,590	1,454	550	524	563	0	0	0	0	0	0
total long term liabilities	26,100	35,097	40,803	50,062	2,590	1,454	550	524	563	0	0	0	0	0	0
total liabilities	201,454	274,498	227,346	227,789	170,193	131,924	141,567	116,335	100,885	186,070	146,096	279,311	269,472	350,561	253,524
net assets	188,338	164,026	137,285	80,014	111,798	103,322	101,926	126,373	169,554	291,007	247,194	338,530	359,156	363,776	360,030
total shareholders funds	188,338	164,026	137,285	80,014	111,798	103,322	101,926	126,373	169,554	291,007	247,194	338,530	359,156	363,776	360,030

	Jun 2023	Jun 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	28,596	32,051	70,570	-32,061	10,208	1,331	-24,727	-43,290	-121,735	55,182	-91,708	-21,477	-5,897	4,317	437,620
Depreciation	8,299	9,139	9,165	5,817	4,771	5,093	4,808	3,712	3,005	5,347	5,985	6,480	3,597	8,434	13,315
Amortisation	4,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,104	-6,273	-13,434	0	-1,988	-327	0	0	0	-11,646	0	0	0	-1,457	-122,584
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-19,040	16,139	30,716	-394	57,999	8,824	-13,393	-37,243	-174,653	48,958	-143,979	99,468	-31,309	-104,679	531,570
Creditors	-64,047	52,858	8,816	10,124	44,133	-10,547	91,753	16,904	-160,710	39,974	-133,215	9,839	-81,089	97,037	253,524
Accruals and Deferred Income	0	0	0	0	0	0	-73,547	-1,415	74,962	0	0	0	0	0	0
Deferred Taxes & Provisions	1,015	-792	2,235	1,176	1,136	904	26	-39	563	0	0	0	0	0	0
Cash flow from operations	-11,201	70,844	46,636	-14,550	261	-12,370	11,706	13,115	-29,262	39,899	-74,959	-104,626	-52,080	213,010	50,305
Investing Activities
capital expenditure	-15,585	-35,164	-20,929	-12,006	-8,208	-9,652	-4,672	-2,825	-7,067	-2,295	-1,147	-11,913	-4,178	-2,330	-23,893
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,585	-35,164	-20,929	-12,006	-8,208	-9,652	-4,672	-2,825	-7,067	-2,295	-1,147	-11,913	-4,178	-2,330	-23,893
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	-7,000	0	7,000	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	-10,012	-4,914	-11,494	46,296	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	240	0	0	0	0	0	0	0	0	0	0	44,815
interest	3,820	963	135	37	256	392	280	109	282	278	372	851	1,277	886	179
cash flow from financing	-6,192	-3,951	-11,359	46,573	-6,744	392	7,280	109	282	278	372	851	1,277	886	44,994
cash and cash equivalents
cash	-32,978	31,729	14,348	20,017	-14,691	-21,630	14,314	10,399	-36,047	37,881	-75,734	-115,688	-54,981	211,566	71,406
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-32,978	31,729	14,348	20,017	-14,691	-21,630	14,314	10,399	-36,047	37,881	-75,734	-115,688	-54,981	211,566	71,406

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEREK LATHAM & CO. LIMITED group structure

Derek Latham & Co. Limited has no subsidiary companies.

Ultimate parent company

DEREK LATHAM & CO. LIMITED

02193823

DEREK LATHAM & CO. LIMITED Shareholders

lathams trustees limited

100%

Derek Latham & Co. Limited currently has 3 directors. The longest serving directors include Mr Jonathan Phipps (Jan 2004) and Mr Chris Twomey (Feb 2007).

officer	country	age	start	end	role
Mr Jonathan Phipps		66 years	Jan 2004	-	Director
Mr Chris Twomey	England	62 years	Feb 2007	-	Director
Mr Simon Chiou	England	41 years	Mar 2022	-	Director

P&L

June 2023

turnover

821.2k

+3%

operating profit

28.6k

gross margin

35.5%

+6.23%

turnover

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

Balance Sheet

June 2023

net assets

188.3k

+0.15%

total assets

389.8k

-0.11%

cash

59.9k

-0.36%

net assets

Total assets minus all liabilities

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company number

02193823

Type

Private limited with Share Capital

industry

71111 - Architectural activities

incorporation date

November 1987

accounts

Unaudited Abridged

ultimate parent company

None

previous names

thinkbroad limited (January 1988)

last accounts submitted

June 2023

address

1 college place, derby, derbyshire, DE1 3DY

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.

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derek latham & co. limited Company Information

derek latham & co. limited Estimated Valuation

derek latham & co. limited Estimated Valuation

derek latham & co. limited Estimated Valuation

Derek Latham & Co. Limited Overview

Derek Latham & Co. Limited Health Check

DEREK LATHAM & CO. LIMITED financials

derek latham & co. limited Credit Report and Business Information

Derek Latham & Co. Limited Competitor Analysis

derek latham & co. limited Ownership

derek latham & co. limited directors

derek latham & co. limited company details

derek latham & co. limited Charges & Mortgages

derek latham & co. limited Companies House Filings - See Documents