lovell partnerships limited

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lovell partnerships limited Company Information

Share LOVELL PARTNERSHIPS LIMITED

Company Number

02387333

Shareholders

morgan sindall group plc

Group Structure

View All

Industry

Construction of domestic buildings

 

Registered Address

kent house, 14 - 17 market place, london, W1W 8AJ

lovell partnerships limited Estimated Valuation

£469.1m

Pomanda estimates the enterprise value of LOVELL PARTNERSHIPS LIMITED at £469.1m based on a Turnover of £819.6m and 0.57x industry multiple (adjusted for size and gross margin).

lovell partnerships limited Estimated Valuation

£127.2m

Pomanda estimates the enterprise value of LOVELL PARTNERSHIPS LIMITED at £127.2m based on an EBITDA of £24.7m and a 5.14x industry multiple (adjusted for size and gross margin).

lovell partnerships limited Estimated Valuation

£202.8m

Pomanda estimates the enterprise value of LOVELL PARTNERSHIPS LIMITED at £202.8m based on Net Assets of £151.2m and 1.34x industry multiple (adjusted for liquidity).

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Lovell Partnerships Limited Overview

Lovell Partnerships Limited is a live company located in london, W1W 8AJ with a Companies House number of 02387333. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 1989, it's largest shareholder is morgan sindall group plc with a 100% stake. Lovell Partnerships Limited is a mature, mega sized company, Pomanda has estimated its turnover at £819.6m with high growth in recent years.

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Lovell Partnerships Limited Health Check

Pomanda's financial health check has awarded Lovell Partnerships Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £819.6m, make it larger than the average company (£536k)

£819.6m - Lovell Partnerships Limited

£536k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (9.2%)

23% - Lovell Partnerships Limited

9.2% - Industry AVG

production

Production

with a gross margin of 8.7%, this company has a higher cost of product (19.8%)

8.7% - Lovell Partnerships Limited

19.8% - Industry AVG

profitability

Profitability

an operating margin of 2.7% make it less profitable than the average company (5.1%)

2.7% - Lovell Partnerships Limited

5.1% - Industry AVG

employees

Employees

with 1136 employees, this is above the industry average (4)

1136 - Lovell Partnerships Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £74.8k, the company has a higher pay structure (£43.3k)

£74.8k - Lovell Partnerships Limited

£43.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £721.5k, this is more efficient (£214.3k)

£721.5k - Lovell Partnerships Limited

£214.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is earlier than average (25 days)

11 days - Lovell Partnerships Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is slower than average (30 days)

34 days - Lovell Partnerships Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 140 days, this is less than average (275 days)

140 days - Lovell Partnerships Limited

275 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)

1 weeks - Lovell Partnerships Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.6%, this is a similar level of debt than the average (72.4%)

70.6% - Lovell Partnerships Limited

72.4% - Industry AVG

LOVELL PARTNERSHIPS LIMITED financials

EXPORTms excel logo

Lovell Partnerships Limited's latest turnover from December 2023 is £819.6 million and the company has net assets of £151.2 million. According to their latest financial statements, Lovell Partnerships Limited has 1,136 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover819,597,000674,200,000551,585,000441,169,000512,590,000518,567,000466,644,000432,537,000415,035,000417,685,000376,017,000383,101,000458,402,000382,203,000371,549,000
Other Income Or Grants
Cost Of Sales748,161,000610,967,000480,715,000391,179,000457,109,000465,496,000438,407,000391,812,000380,318,000386,961,000343,616,000348,386,000412,495,000338,639,000329,816,000
Gross Profit71,436,00063,233,00070,870,00049,990,00055,481,00053,071,00028,237,00040,725,00034,717,00030,724,00032,401,00034,715,00045,907,00043,564,00041,733,000
Admin Expenses49,124,00042,482,00041,216,00033,092,00037,375,00036,514,00025,911,00028,076,00028,022,00026,425,00025,516,00029,886,00032,813,00032,669,00027,126,000
Operating Profit22,312,00020,751,00029,654,00016,898,00018,106,00016,557,0002,326,00012,649,0006,695,0004,299,0006,885,0004,829,00013,094,00010,895,00014,607,000
Interest Payable5,394,0001,511,000310,0001,016,0001,562,000737,000550,000694,0001,921,0001,821,000328,000857,000345,000435,000
Interest Receivable1,140,000559,000567,000372,000265,000250,00063,000137,000204,000132,00092,0004,000
Pre-Tax Profit19,058,00019,799,00029,911,00016,254,00016,809,00016,070,0001,839,00012,092,0004,978,0002,610,0006,649,0004,044,00012,749,00010,899,00014,172,000
Tax-4,440,000-5,042,000-6,626,000-3,346,000-2,442,000-3,166,000-327,000-2,502,000-657,000-668,000-1,046,000-1,324,000-3,072,000-3,101,000-4,055,000
Profit After Tax14,618,00014,757,00023,285,00012,908,00014,367,00012,904,0001,512,0009,590,0004,321,0001,942,0005,603,0002,720,0009,677,0007,798,00010,117,000
Dividends Paid12,400,00030,000,00030,000,0007,000,0007,000,00026,000,000
Retained Profit2,218,000-15,243,000-6,715,00012,908,00014,367,00012,904,000-5,488,0002,590,000-21,679,0001,942,0005,603,0002,720,0009,677,0007,798,00010,117,000
Employee Costs84,990,00072,040,00065,236,00055,049,00057,224,00054,665,00048,847,00045,051,00057,961,00057,861,00058,955,00071,681,00086,625,00071,301,00052,223,000
Number Of Employees1,1361,0068868509349719859011,4141,4781,5691,9752,4361,9951,324
EBITDA*24,718,00022,910,00031,783,00019,356,00020,547,00018,425,0002,799,00013,068,0007,049,0004,619,0007,352,0007,038,00015,263,00012,055,00015,350,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets68,632,00052,954,00057,338,00036,794,00034,724,00029,033,00021,020,00021,888,000731,000891,000536,000557,000771,0001,128,000248,000
Intangible Assets32,029,00032,507,00026,594,00026,594,00026,594,00026,594,00026,594,00026,594,00026,594,00026,594,00026,594,00026,594,00028,364,00029,344,0005,916,000
Investments & Other57,008,00044,954,00044,857,00021,398,00014,208,0007,810,0003,917,0002,540,0007,841,00012,226,0008,072,0008,072,0007,572,0007,734,000772,000
Debtors (Due After 1 year)7,797,0004,109,0005,104,0007,713,0008,379,00012,960,00015,463,00018,309,00019,964,00019,973,00019,026,00018,623,00016,924,00013,229,0009,030,000
Total Fixed Assets100,661,00085,461,00083,932,00063,388,00061,318,00055,627,00047,614,00048,482,00055,130,00059,684,00054,228,00053,846,00053,631,00051,435,00015,966,000
Stock & work in progress287,605,000272,031,000236,422,000220,935,000258,329,000259,591,000183,259,000127,608,000143,704,000124,275,000100,717,000111,071,000103,548,000106,840,000109,024,000
Trade Debtors25,011,00025,087,00010,812,00012,743,00024,898,00030,227,00021,549,00018,563,00021,167,00024,250,00054,486,00063,542,00083,877,00084,801,00036,211,000
Group Debtors28,857,00028,466,00034,183,00013,114,00011,949,00014,818,00016,393,00040,283,00012,063,00045,033,00042,882,00015,031,00030,189,00016,348,00013,317,000
Misc Debtors3,737,00012,177,0005,434,0003,414,0004,697,0007,639,00041,620,0003,679,00036,167,00046,819,0007,657,0005,367,0006,155,0004,017,0003,159,000
Cash10,778,00022,552,00028,183,00040,963,00018,152,00027,439,00019,331,00041,947,00011,074,00016,746,0009,049,00015,222,000
misc current assets57,360,00054,110,00037,900,00019,215,00025,264,00020,294,0001,557,000
total current assets413,964,000416,437,000352,934,000310,384,000343,289,000360,008,000283,709,000232,080,000213,101,000251,451,000222,488,000195,011,000223,769,000221,055,000176,933,000
total assets514,625,000501,898,000436,866,000373,772,000404,607,000415,635,000331,323,000280,562,000268,231,000311,135,000276,716,000248,857,000277,400,000272,490,000192,899,000
Bank overdraft11,661,00012,848,0005,186,000
Bank loan
Trade Creditors 70,486,00052,693,00040,805,00044,892,00049,004,00055,478,00054,232,00044,910,00046,812,00043,013,00048,112,00044,717,00058,376,00045,945,00036,222,000
Group/Directors Accounts29,0003,363,0003,266,00011,230,000266,000230,000175,000
other short term finances
hp & lease commitments833,0001,056,0001,251,000802,000
other current liabilities257,399,000262,437,000191,709,000149,092,000183,215,000193,364,000134,195,00087,957,00063,571,00087,577,00050,199,00066,768,000106,983,000130,067,000101,020,000
total current liabilities327,885,000315,130,000233,347,000195,040,000233,470,000249,644,000188,427,000132,867,000122,073,000133,953,000101,577,000135,563,000170,811,000176,242,000137,417,000
loans9,812,00010,230,0008,066,0007,640,00014,152,0009,238,00055,000,00055,000,000
hp & lease commitments4,906,0005,115,0004,033,0003,820,0007,076,0004,619,000
Accruals and Deferred Income28,128,00030,352,00032,794,0001,723,0003,798,00015,560,00010,143,0009,549,00010,780,0008,452,0007,510,0005,588,000
other liabilities
provisions4,920,0004,546,0004,842,0004,406,0004,370,0004,202,0003,892,0003,702,0001,673,0002,846,0003,687,0004,029,0005,632,0004,968,000
total long term liabilities35,494,00037,740,00039,248,0007,746,00013,059,00022,280,00012,089,00011,400,00012,453,00066,298,00066,197,0009,617,0005,632,0004,968,000
total liabilities363,379,000352,870,000272,595,000202,786,000246,529,000271,924,000200,516,000144,267,000134,526,000200,251,000167,774,000145,180,000176,443,000181,210,000137,417,000
net assets151,246,000149,028,000164,271,000170,986,000158,078,000143,711,000130,807,000136,295,000133,705,000110,884,000108,942,000103,677,000100,957,00091,280,00055,482,000
total shareholders funds151,246,000149,028,000164,271,000170,986,000158,078,000143,711,000130,807,000136,295,000133,705,000110,884,000108,942,000103,677,000100,957,00091,280,00055,482,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit22,312,00020,751,00029,654,00016,898,00018,106,00016,557,0002,326,00012,649,0006,695,0004,299,0006,885,0004,829,00013,094,00010,895,00014,607,000
Depreciation1,192,0001,085,0002,129,0002,458,0002,441,0001,868,000473,000419,000354,000320,000467,000439,000399,000192,000232,000
Amortisation1,214,0001,074,0001,770,0001,770,000968,000511,000
Tax-4,440,000-5,042,000-6,626,000-3,346,000-2,442,000-3,166,000-327,000-2,502,000-657,000-668,000-1,046,000-1,324,000-3,072,000-3,101,000-4,055,000
Stock15,574,00035,609,00015,487,000-37,394,000-1,262,00076,332,00055,651,000-16,096,00019,429,00023,558,000-10,354,0007,523,000-3,292,000-2,184,000109,024,000
Debtors-4,437,00014,306,00018,549,000-12,939,000-15,721,000-29,381,00014,191,000-8,527,000-46,714,00012,024,00021,488,000-34,582,00018,750,00056,678,00061,717,000
Creditors17,793,00011,888,000-4,087,000-4,112,000-6,474,0001,246,0009,322,000-1,902,0003,799,000-5,099,0003,395,000-13,659,00012,431,0009,723,00036,222,000
Accruals and Deferred Income-7,262,00068,286,00073,688,000-36,198,000-21,911,00064,586,00046,832,00023,155,000-21,678,00038,320,000-14,647,000-34,627,000-23,084,00029,047,000101,020,000
Deferred Taxes & Provisions374,000-296,000436,00036,000168,000310,000190,0002,029,000-1,173,000-841,000-342,000-1,603,000664,0004,968,000
Cash flow from operations20,046,00047,831,00061,158,00026,069,0006,871,00034,450,000-11,026,00058,471,00014,625,000749,000-16,422,000-17,116,000-13,256,000-1,802,000-22,204,000
Investing Activities
capital expenditure-17,606,000-3,688,000-22,673,000-4,528,000-8,132,000-9,881,000395,000-21,576,000-194,000-675,000-446,000-225,000-832,000-25,468,000-6,907,000
Change in Investments12,054,00097,00023,459,0007,190,0006,398,0003,893,0001,377,000-5,301,000-4,385,0004,154,000500,000-162,0006,962,000772,000
cash flow from investments-29,660,000-3,785,000-46,132,000-11,718,000-14,530,000-13,774,000-982,000-16,275,0004,191,000-4,829,000-446,000-725,000-670,000-32,430,000-7,679,000
Financing Activities
Bank loans
Group/Directors Accounts-29,000-3,334,00097,000-7,964,00010,964,00036,00055,000175,000
Other Short Term Loans
Long term loans-418,0002,164,000426,000-6,512,0004,914,0009,238,000-55,000,00055,000,000
Hire Purchase and Lease Commitments-209,000249,000-10,000-3,451,0002,906,0005,421,000
other long term liabilities
share issue44,500,000-338,00028,000,00045,365,000
interest-4,254,000-952,000257,000-644,000-1,297,000-487,000-487,000-557,000-1,717,000-1,689,000-236,000-857,000-345,0004,000-435,000
cash flow from financing-4,881,0001,461,000673,000-10,607,0006,523,00014,172,000-487,000-586,000-15,551,000-1,592,00046,462,00010,107,000-309,00028,059,00045,105,000
cash and cash equivalents
cash-11,774,000-5,631,000-12,780,00022,811,000-9,287,0008,108,000-22,616,00041,947,000-11,074,000-5,672,00016,746,000-9,049,000-6,173,00015,222,000
overdraft-11,661,00011,661,000-12,848,0007,662,0005,186,000
change in cash-11,774,000-5,631,000-12,780,00022,811,000-9,287,0008,108,000-22,616,00053,608,000-22,735,000-5,672,00029,594,000-7,662,000-14,235,000-6,173,00015,222,000

lovell partnerships limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lovell Partnerships Limited Competitor Analysis

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Perform a competitor analysis for lovell partnerships limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in W 1 area or any other competitors across 12 key performance metrics.

lovell partnerships limited Ownership

LOVELL PARTNERSHIPS LIMITED Shareholders

morgan sindall group plc 100%

lovell partnerships limited directors

Lovell Partnerships Limited currently has 6 directors. The longest serving directors include Ms Justine Elliott (Jul 2013) and Mr John Morgan (Dec 2013).

officercountryagestartendrole
Ms Justine Elliott49 years Jul 2013- Director
Mr John Morgan69 years Dec 2013- Director
Mr David GoughUnited Kingdom53 years Jan 2015- Director
Mr Steve ColebyUnited Kingdom51 years Apr 2018- Director
Mr Steven BreslinUnited Kingdom48 years May 2018- Director
Culdip GangotraUnited Kingdom55 years May 2024- Director

P&L

December 2023

turnover

819.6m

+22%

operating profit

22.3m

+8%

gross margin

8.8%

-7.07%

turnover

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

Balance Sheet

December 2023

net assets

151.2m

+0.01%

total assets

514.6m

+0.03%

cash

10.8m

-0.52%

net assets

Total assets minus all liabilities

lovell partnerships limited company details

company number

02387333

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

May 1989

age

36

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

lovell partnership homes limited (November 1996)

lovell partnerships limited (July 1995)

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accountant

-

auditor

ERNST & YOUNG LLP

address

kent house, 14 - 17 market place, london, W1W 8AJ

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

lovell partnerships 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 82 charges/mortgages relating to lovell partnerships limited. Currently there are 12 open charges and 70 have been satisfied in the past.

lovell partnerships 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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lovell partnerships limited Companies House Filings - See Documents

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