luteaim limited
luteaim limited Company Information
Company Number
02348611
Next Accounts
Jun 2025
Shareholders
county car & van hire (manchester) ltd
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
progress works st. marys way, stockport, SK1 4AP
Website
http://county-rental.co.ukluteaim limited Estimated Valuation
Pomanda estimates the enterprise value of LUTEAIM LIMITED at £4.4m based on a Turnover of £5.6m and 0.77x industry multiple (adjusted for size and gross margin).
luteaim limited Estimated Valuation
Pomanda estimates the enterprise value of LUTEAIM LIMITED at £11.1m based on an EBITDA of £2.2m and a 5.08x industry multiple (adjusted for size and gross margin).
luteaim limited Estimated Valuation
Pomanda estimates the enterprise value of LUTEAIM LIMITED at £7.8m based on Net Assets of £4m and 1.96x industry multiple (adjusted for liquidity).
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Luteaim Limited Overview
Luteaim Limited is a live company located in stockport, SK1 4AP with a Companies House number of 02348611. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in February 1989, it's largest shareholder is county car & van hire (manchester) ltd with a 100% stake. Luteaim Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with healthy growth in recent years.
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Luteaim Limited Health Check
Pomanda's financial health check has awarded Luteaim Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £5.6m, make it larger than the average company (£922k)
- Luteaim Limited
£922k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.5%)
- Luteaim Limited
6.5% - Industry AVG
Production
with a gross margin of 41.5%, this company has a comparable cost of product (41.5%)
- Luteaim Limited
41.5% - Industry AVG
Profitability
an operating margin of 9.2% make it more profitable than the average company (6.5%)
- Luteaim Limited
6.5% - Industry AVG
Employees
with 41 employees, this is above the industry average (14)
41 - Luteaim Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
- Luteaim Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £137.8k, this is more efficient (£89k)
- Luteaim Limited
£89k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (30 days)
- Luteaim Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (39 days)
- Luteaim Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Luteaim Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 312 weeks, this is more cash available to meet short term requirements (44 weeks)
312 weeks - Luteaim Limited
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.4%, this is a higher level of debt than the average (45.2%)
68.4% - Luteaim Limited
45.2% - Industry AVG
LUTEAIM LIMITED financials
Luteaim Limited's latest turnover from September 2023 is estimated at £5.6 million and the company has net assets of £4 million. According to their latest financial statements, Luteaim Limited has 41 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 41 | 41 | 38 | 38 | 38 | 48 | 48 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,007,913 | 8,302,456 | 7,139,152 | 5,683,736 | 5,744,874 | 6,224,354 | 6,934,181 | 7,214,516 | 6,744,168 | 6,901,973 | 5,810,335 | 6,048,626 | 5,214,562 | 4,375,676 | 3,897,360 |
| Intangible Assets | 31,314 | 62,628 | 88,300 | ||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 10,007,913 | 8,302,456 | 7,139,152 | 5,683,736 | 5,744,874 | 6,224,354 | 6,934,181 | 7,214,516 | 6,744,168 | 6,901,973 | 5,810,335 | 6,048,626 | 5,245,876 | 4,438,304 | 3,985,660 |
| Stock & work in progress | 21,310 | 33,310 | 32,753 | 32,879 | 26,501 | 34,029 | 25,567 | 74,180 | 24,023 | 61,435 | 25,097 | 22,828 | |||
| Trade Debtors | 862,948 | 1,181,525 | 843,961 | 752,729 | 742,514 | 690,381 | 499,244 | 588,206 | 794,214 | 896,889 | 720,425 | 609,787 | 585,632 | 638,786 | 345,256 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 162,888 | 192,507 | 165,923 | 171,649 | 171,720 | 359,405 | 358,166 | 278,662 | |||||||
| Cash | 1,616,497 | 2,211,873 | 2,036,247 | 263,435 | 410 | 414 | 1,058 | 569 | 1,032 | 1,390 | 1,718 | ||||
| misc current assets | 2,595 | 95,066 | 127,515 | ||||||||||||
| total current assets | 2,642,333 | 3,585,905 | 3,046,131 | 1,211,718 | 947,954 | 1,082,539 | 890,289 | 893,783 | 923,309 | 1,049,971 | 795,663 | 634,379 | 648,099 | 665,273 | 369,802 |
| total assets | 12,650,246 | 11,888,361 | 10,185,283 | 6,895,454 | 6,692,828 | 7,306,893 | 7,824,470 | 8,108,299 | 7,667,477 | 7,951,944 | 6,605,998 | 6,683,005 | 5,893,975 | 5,103,577 | 4,355,462 |
| Bank overdraft | 4,930 | 754,487 | 713,048 | 615,918 | 431,641 | 155,893 | 408,689 | 334,079 | 565,951 | ||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 133,050 | 117,717 | 194,885 | 29,839 | 111,235 | 122,474 | 144,968 | 110,337 | 3,431,897 | 3,907,102 | 3,211,527 | 3,923,025 | 3,220,529 | 2,578,134 | 2,651,356 |
| Group/Directors Accounts | 139,042 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 3,325,390 | 3,309,603 | |||||||||||||
| other current liabilities | 135,653 | 380,279 | 188,036 | 302,653 | 201,502 | 277,827 | 54,057 | 225,405 | |||||||
| total current liabilities | 268,703 | 497,996 | 382,921 | 337,422 | 1,067,224 | 1,113,349 | 4,140,333 | 4,216,028 | 3,587,790 | 4,315,791 | 3,211,527 | 3,923,025 | 3,554,608 | 3,144,085 | 2,651,356 |
| loans | 62,500 | ||||||||||||||
| hp & lease commitments | 3,717,835 | 1,086,813 | 1,554,872 | ||||||||||||
| Accruals and Deferred Income | 15,240 | 30,325 | |||||||||||||
| other liabilities | 7,645,913 | 7,259,658 | 6,952,404 | 4,267,881 | 3,256,961 | 11,147 | 158,634 | 22,064 | 1,862,202 | 1,664,260 | 1,546,754 | 1,053,684 | 822,876 | 520,815 | 445,138 |
| provisions | 743,284 | 605,148 | 249,398 | 333,175 | 467,544 | 615,321 | 615,321 | 524,516 | 628,652 | 524,516 | 513,587 | 515,654 | 459,798 | 440,017 | 329,897 |
| total long term liabilities | 8,389,197 | 7,864,806 | 7,201,802 | 4,601,056 | 3,724,505 | 4,344,303 | 1,860,768 | 2,101,452 | 2,506,094 | 2,219,101 | 2,060,341 | 1,569,338 | 1,282,674 | 960,832 | 837,535 |
| total liabilities | 8,657,900 | 8,362,802 | 7,584,723 | 4,938,478 | 4,791,729 | 5,457,652 | 6,001,101 | 6,317,480 | 6,093,884 | 6,534,892 | 5,271,868 | 5,492,363 | 4,837,282 | 4,104,917 | 3,488,891 |
| net assets | 3,992,346 | 3,525,559 | 2,600,560 | 1,956,976 | 1,901,099 | 1,849,241 | 1,823,369 | 1,790,819 | 1,573,593 | 1,417,052 | 1,334,130 | 1,190,642 | 1,056,693 | 998,660 | 866,571 |
| total shareholders funds | 3,992,346 | 3,525,559 | 2,600,560 | 1,956,976 | 1,901,099 | 1,849,241 | 1,823,369 | 1,790,819 | 1,573,593 | 1,417,052 | 1,334,130 | 1,190,642 | 1,056,693 | 998,660 | 866,571 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,666,913 | 1,490,113 | 1,132,987 | 1,029,521 | 1,110,889 | 1,292,836 | 2,783,083 | 1,478,053 | 1,595,725 | 1,349,253 | 1,182,198 | 1,244,702 | 1,110,009 | 958,555 | 1,146,437 |
| Amortisation | 31,314 | 31,314 | 119,614 | 88,300 | |||||||||||
| Tax | |||||||||||||||
| Stock | -21,310 | -12,000 | 557 | -126 | 6,378 | -7,528 | 8,462 | -48,613 | 50,157 | -37,412 | 36,338 | 2,269 | 22,828 | ||
| Debtors | -348,196 | 364,148 | 85,506 | 10,144 | -135,552 | 192,376 | -9,458 | 72,654 | -102,675 | 176,464 | 110,638 | 24,155 | -53,154 | 293,530 | 345,256 |
| Creditors | 15,333 | -77,168 | 165,046 | -81,396 | -11,239 | -22,494 | 34,631 | -3,321,560 | -475,205 | 695,575 | -711,498 | 702,496 | 642,395 | -73,222 | 2,651,356 |
| Accruals and Deferred Income | -244,626 | 192,243 | -114,617 | 101,151 | -76,325 | 223,770 | -171,348 | 210,165 | -15,085 | 30,325 | |||||
| Deferred Taxes & Provisions | 138,136 | 355,750 | -83,777 | -134,369 | -147,777 | 90,805 | -104,136 | 104,136 | 10,929 | -2,067 | 55,856 | 19,781 | 110,120 | 329,897 | |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -139,042 | 139,042 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -62,500 | 62,500 | |||||||||||||
| Hire Purchase and Lease Commitments | -3,717,835 | -694,368 | -452,272 | 4,864,475 | |||||||||||
| other long term liabilities | 386,255 | 307,254 | 2,684,523 | 1,010,920 | 3,245,814 | -147,487 | 136,570 | -1,840,138 | 197,942 | 117,506 | 493,070 | 230,808 | 302,061 | 75,677 | 445,138 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -595,376 | 175,626 | 1,772,812 | 263,025 | 410 | -414 | 414 | -1,058 | 489 | -463 | -358 | -328 | 1,718 | ||
| overdraft | -4,930 | -749,557 | 41,439 | 97,130 | 184,277 | 275,748 | -252,796 | 408,689 | -334,079 | -231,872 | 565,951 | ||||
| change in cash | -595,376 | 175,626 | 1,777,742 | 1,012,582 | -41,029 | -97,130 | -184,691 | -275,334 | 252,796 | -409,747 | 489 | 333,616 | 231,514 | -566,279 | 1,718 |
luteaim limited Credit Report and Business Information
Luteaim Limited Competitor Analysis
Perform a competitor analysis for luteaim limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in SK1 area or any other competitors across 12 key performance metrics.
luteaim limited Ownership
LUTEAIM LIMITED group structure
Luteaim Limited has no subsidiary companies.
luteaim limited directors
Luteaim Limited currently has 3 directors. The longest serving directors include Mr David Orritt (Jul 1992) and Mr John Briggs (Jul 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Orritt | England | 64 years | Jul 1992 | - | Director |
| Mr John Briggs | England | 69 years | Jul 1992 | - | Director |
| Mr Robert Hardman | England | 42 years | May 2021 | - | Director |
P&L
September 2023turnover
5.6m
-14%
operating profit
521.9k
0%
gross margin
41.5%
+3.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
4m
+0.13%
total assets
12.7m
+0.06%
cash
1.6m
-0.27%
net assets
Total assets minus all liabilities
luteaim limited company details
company number
02348611
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
February 1989
age
36
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
FARRELL & CHOUDHARY ACCOUNTANTS LIMITED
auditor
-
address
progress works st. marys way, stockport, SK1 4AP
Bank
-
Legal Advisor
-
luteaim 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 4 charges/mortgages relating to luteaim limited. Currently there are 1 open charges and 3 have been satisfied in the past.
luteaim 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.
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luteaim limited Companies House Filings - See Documents
| date | description | view/download |
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