Multi-lab Limited

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multi-lab limited Company Information

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Company Number

02306786

Website

http://multi-lab.co.uk

Registered Address

unit 1 westway industrial park, throckley, newcastle upon tyne, tyne and wear, NE15 9HW

Industry

Manufacture and processing of other glass, including technical glassware

Telephone

01912646801

Next Accounts Due

October 2024

Group Structure

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Directors

Ronald Jackman32 Years

Audrey Jackman32 Years

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Shareholders

ronald beuteman jackman 67.5%

audrey eva jackman 20%

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multi-lab limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of MULTI-LAB LIMITED at £5.4m based on Net Assets of £2.8m and 1.94x industry multiple (adjusted for liquidity).

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Multi-lab Limited is a live company located in newcastle upon tyne, NE15 9HW with a Companies House number of 02306786. It operates in the manufacture and processing of other glass, including technical glassware sector, SIC Code 23190. Founded in October 1988, it's largest shareholder is ronald beuteman jackman with a 67.5% stake. Multi-lab Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Multi-Lab Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £3.3m, make it smaller than the average company (£8.9m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.7%)

EXPORT

Multi-Lab Limited's latest turnover from January 2023 is estimated at £3.3 million and the company has net assets of £2.8 million. According to their latest financial statements, Multi-Lab Limited has 19 employees and maintains cash reserves of £575.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jul 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	3,307,005	2,551,655	2,506,162	2,644,938	2,648,287	3,048,976	3,066,317	3,864,632	6,340,882	6,368,338	6,172,144	8,365,420	6,446,887	3,511,016
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,038,521	1,570,544	1,834,543	2,003,751	1,849,681	2,166,623	2,217,425	2,611,101	4,624,990	4,604,680	4,817,572	6,530,212	4,282,741	2,218,396
Gross Profit	1,268,484	981,111	671,619	641,187	798,606	882,353	848,891	1,253,532	1,715,892	1,763,658	1,354,572	1,835,208	2,164,146	1,292,621
Admin Expenses	814,438	716,737	675,408	631,769	810,697	901,508	1,827,950	533,819	1,367,325	1,497,277	1,295,495	1,678,655	2,023,374	291,637
Operating Profit	454,046	264,374	-3,789	9,418	-12,091	-19,155	-979,059	719,713	348,567	266,381	59,077	156,553	140,772	1,000,984
Interest Payable	8,282	1,093	1,792	2,738	3,509	4,417	5,986	22,629	25,084	25,269	27,646	24,602	0	0
Interest Receivable	20,295	1,496	434	1,340	956	653	314	707	199	69	53	199	1,387	464
Pre-Tax Profit	466,059	264,778	-5,147	8,020	-14,645	-22,919	-984,731	697,790	356,416	623,499	33,005	134,393	142,158	1,001,449
Tax	-88,551	-50,308	0	-1,524	0	0	0	-139,558	-65,480	-149,743	2,000	-14,732	-39,804	-280,406
Profit After Tax	377,508	214,470	-5,147	6,496	-14,645	-22,919	-984,731	558,232	290,936	473,756	35,005	119,661	102,354	721,043
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	377,508	214,470	-5,147	6,496	-14,645	-22,919	-984,731	558,232	290,936	473,756	35,005	119,661	102,354	721,043
Employee Costs	872,656	825,320	821,356	716,190	649,669	755,821	967,316	1,001,307	591,692	740,421	573,874	1,037,135	1,110,653	1,090,957
Number Of Employees	19	18	18	17	17	21	26	35	71	77	74	80	37	31
EBITDA*	514,923	328,718	63,112	86,336	46,712	11,147	-889,905	788,614	476,427	431,906	232,498	396,766	192,372	1,053,628

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jul 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	516,067	547,731	556,413	623,314	700,232	752,634	782,936	764,313	1,429,174	1,471,770	1,320,234	1,447,694	336,292	301,869
Intangible Assets	44,538	0	0	0	0	0	500,000	0	19,175	19,175	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	19,175	19,175	1,886,865	1,886,865
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	175,207	0
Total Fixed Assets	560,605	547,731	556,413	623,314	700,232	752,634	1,282,936	764,313	1,448,349	1,490,945	1,339,409	1,466,869	2,398,364	2,188,734
Stock & work in progress	598,409	406,587	487,276	512,873	510,525	622,264	525,119	687,778	1,274,155	1,209,391	1,442,252	1,739,696	402,734	345,055
Trade Debtors	376,125	311,661	285,601	335,297	346,209	317,278	358,189	456,179	804,992	877,549	775,942	1,080,522	732,658	543,053
Group Debtors	0	0	0	0	0	0	0	0	1,171,102	926,209	745,738	373,886	0	0
Misc Debtors	1,463,366	1,445,473	1,532,198	2,157,091	1,981,321	1,579,251	1,576,995	2,616,813	209,642	216,769	83,740	60,806	0	0
Cash	575,866	583,868	613,273	254,949	102,289	152,517	108,676	142,146	140,565	514,591	139,667	239,238	369,021	185,675
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,013,766	2,747,589	2,918,348	3,260,210	2,940,344	2,671,310	2,568,979	3,902,916	3,600,456	3,744,509	3,187,339	3,494,148	1,504,413	1,073,783
total assets	3,574,371	3,295,320	3,474,761	3,883,524	3,640,576	3,423,944	3,851,915	4,667,229	5,048,805	5,235,454	4,526,748	4,961,017	3,902,777	3,262,517
Bank overdraft	0	0	0	0	11,827	12,175	26,610	36,192	92,284	37,110	44,558	47,991	0	0
Bank loan	40,000	11,027	10,851	11,521	0	0	0	0	0	83,398	46,400	94,984	0	0
Trade Creditors	226,198	208,585	140,443	182,017	217,065	268,497	254,579	713,526	687,933	739,362	621,318	583,537	1,273,142	697,864
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	8,129	851	30,342	66,320	12,563	70,728	0	0
other current liabilities	313,240	596,897	669,528	1,018,392	746,097	407,143	292,321	127,243	468,329	749,825	341,600	739,024	0	0
total current liabilities	579,438	816,509	820,822	1,211,930	974,989	687,815	581,639	877,812	1,278,888	1,676,015	1,066,439	1,536,264	1,273,142	697,864
loans	123,333	0	13,098	23,279	34,494	45,486	51,637	77,105	490,709	536,832	658,192	699,001	0	0
hp & lease commitments	0	0	0	0	0	0	12,871	0	41,340	33,385	150,241	141,881	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	16,083	0	400,000	400,000	400,000	408,850	0	0	51,896	108,078	331,229	279,229	1,759,077	1,801,949
provisions	87,709	88,511	65,011	67,338	56,612	92,667	93,723	115,536	147,428	133,536	46,793	65,793	47,061	41,561
total long term liabilities	227,125	88,511	478,109	490,617	491,106	547,003	158,231	192,641	731,373	811,831	1,186,455	1,185,904	1,806,138	1,843,510
total liabilities	806,563	905,020	1,298,931	1,702,547	1,466,095	1,234,818	739,870	1,070,453	2,010,261	2,487,846	2,252,894	2,722,168	3,079,280	2,541,374
net assets	2,767,808	2,390,300	2,175,830	2,180,977	2,174,481	2,189,126	3,112,045	3,596,776	3,038,544	2,747,608	2,273,854	2,238,849	823,497	721,143
total shareholders funds	2,767,808	2,390,300	2,175,830	2,180,977	2,174,481	2,189,126	3,112,045	3,596,776	3,038,544	2,747,608	2,273,854	2,238,849	823,497	721,143

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jul 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	454,046	264,374	-3,789	9,418	-12,091	-19,155	-979,059	719,713	348,567	266,381	59,077	156,553	140,772	1,000,984
Depreciation	60,877	64,344	66,901	76,918	58,803	30,302	89,154	68,901	127,860	165,525	173,421	240,213	51,600	52,644
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-88,551	-50,308	0	-1,524	0	0	0	-139,558	-65,480	-149,743	2,000	-14,732	-39,804	-280,406
Stock	191,822	-80,689	-25,597	2,348	-111,739	97,145	-162,659	-586,377	64,764	-232,861	-297,444	1,336,962	57,679	345,055
Debtors	82,357	-60,665	-674,589	164,858	431,001	-38,655	-1,137,808	887,256	165,209	415,107	90,206	607,349	364,812	543,053
Creditors	17,613	68,142	-41,574	-35,048	-51,432	13,918	-458,947	25,593	-51,429	118,044	37,781	-689,605	575,278	697,864
Accruals and Deferred Income	-283,657	-72,631	-348,864	272,295	338,954	114,822	165,078	-341,086	-281,496	408,225	-397,424	739,024	0	0
Deferred Taxes & Provisions	-802	23,500	-2,327	10,726	-36,055	-1,056	-21,813	-31,892	13,892	86,743	-19,000	18,732	5,500	41,561
Cash flow from operations	-114,653	438,775	370,533	165,579	-21,083	80,341	94,880	792	-138,059	712,929	63,093	-1,494,126	310,855	624,539
Investing Activities
capital expenditure	-73,751	-55,662	0	0	-6,401	500,000	-607,777	615,135	-111,485	65,256	-44,440	-319,206	-86,023	-354,513
Change in Investments	0	0	0	0	0	0	0	0	0	-19,175	0	-1,867,690	0	1,886,865
cash flow from investments	-73,751	-55,662	0	0	-6,401	500,000	-607,777	615,135	-111,485	84,431	-44,440	1,548,484	-86,023	-2,241,378
Financing Activities
Bank loans	28,973	176	-670	11,521	0	0	0	0	-83,398	36,998	-48,584	94,984	0	0
Group/Directors Accounts	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
Long term loans	123,333	-13,098	-10,181	-11,215	-10,992	-6,151	-25,468	-413,604	-46,123	-121,360	-40,809	699,001	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-21,000	20,149	-70,831	-28,023	-63,099	-49,805	212,609	0	0
other long term liabilities	16,083	-400,000	0	0	-8,850	408,850	0	-51,896	-56,182	-223,151	52,000	-1,479,848	-42,872	1,801,949
share issue	0	0	0	0	0	-900,000	500,000	0	0	-2	0	1,295,691	0	100
interest	12,013	403	-1,358	-1,398	-2,553	-3,764	-5,672	-21,922	-24,885	-25,200	-27,593	-24,403	1,387	464
cash flow from financing	180,402	-412,519	-12,209	-1,092	-22,395	-522,065	489,009	-558,253	-238,611	-395,814	-114,791	798,034	-41,485	1,802,513
cash and cash equivalents
cash	-8,002	-29,405	358,324	152,660	-50,228	43,841	-33,470	1,581	-374,026	374,924	-99,571	-129,783	183,346	185,675
overdraft	0	0	0	-11,827	-348	-14,435	-9,582	-56,092	55,174	-7,448	-3,433	47,991	0	0
change in cash	-8,002	-29,405	358,324	164,487	-49,880	58,276	-23,888	57,673	-429,200	382,372	-96,138	-177,774	183,346	185,675

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MULTI-LAB LIMITED group structure

Multi-Lab Limited has no subsidiary companies.

Ultimate parent company

MULTI-LAB LIMITED

02306786

MULTI-LAB LIMITED Shareholders

ronald beuteman jackman	67.48%
audrey eva jackman	20%
paul kevin jackman	12.52%

Multi-Lab Limited currently has 3 directors. The longest serving directors include Mr Ronald Jackman (Jan 1992) and Mrs Audrey Jackman (Jan 1992).

officer	country	age	start	end	role
Mr Ronald Jackman		89 years	Jan 1992	-	Director
Mrs Audrey Jackman		87 years	Jan 1992	-	Director
Mr Paul Jackman	United Kingdom	60 years	Jan 1992	-	Director

P&L

January 2023

turnover

3.3m

+30%

operating profit

454k

gross margin

38.4%

-0.24%

turnover

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

Balance Sheet

January 2023

net assets

2.8m

+0.16%

total assets

3.6m

+0.08%

cash

575.9k

-0.01%

net assets

Total assets minus all liabilities

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company number

02306786

Type

Private limited with Share Capital

industry

23190 - Manufacture and processing of other glass, including technical glassware

incorporation date

October 1988

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 1 westway industrial park, throckley, newcastle upon tyne, tyne and wear, NE15 9HW

last accounts submitted

January 2023

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 4 charges/mortgages relating to multi-lab limited. Currently there are 2 open charges and 2 have been satisfied in the past.

multi-lab limited Company Information

multi-lab limited Estimated Valuation

multi-lab limited Estimated Valuation

multi-lab limited Estimated Valuation

Multi-lab Limited Overview

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MULTI-LAB LIMITED financials

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multi-lab limited Ownership

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multi-lab limited Companies House Filings - See Documents