Pomanda estimates the enterprise value of LITE ALTERNATIVE LIMITED at £2.2m based on a Turnover of £2.9m and 0.76x industry multiple (adjusted for size and gross margin).
lite alternative limitedEstimated Valuation
£2m
Pomanda estimates the enterprise value of LITE ALTERNATIVE LIMITED at £2m based on an EBITDA of £540.3k and a 3.74x industry multiple (adjusted for size and gross margin).
lite alternative limitedEstimated Valuation
£7.3m
Pomanda estimates the enterprise value of LITE ALTERNATIVE LIMITED at £7.3m based on Net Assets of £3.7m and 1.99x industry multiple (adjusted for liquidity).
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Lite Alternative LimitedOverview
Lite Alternative Limited is a live company located in blackburn, BB1 2QR with a Companies House number of 02519832. It operates in the renting and leasing of recreational and sports goods sector, SIC Code 77210. Founded in July 1990, it's largest shareholder is
paul normandale
with a 100% stake. Lite Alternative Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£2.9m with
high
growth in recent years.
Pomanda's financial health check has awarded Lite Alternative Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £2.9m, make it larger than the average company (£2.4m)
£2.9m - Lite Alternative Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (18.3%)
30% - Lite Alternative Limited
18.3% - Industry AVG
Production
with a gross margin of 51.3%, this company has a comparable cost of product (51.3%)
51.3% - Lite Alternative Limited
51.3% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (7.5%)
-0.6% - Lite Alternative Limited
7.5% - Industry AVG
Employees
with 11 employees, this is below the industry average (25)
11 - Lite Alternative Limited
25 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
£33.5k - Lite Alternative Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £263.9k, this is more efficient (£115.7k)
£263.9k - Lite Alternative Limited
£115.7k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is later than average (22 days)
38 days - Lite Alternative Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is quicker than average (52 days)
45 days - Lite Alternative Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (33 days)
2 days - Lite Alternative Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 123 weeks, this is more cash available to meet short term requirements (30 weeks)
123 weeks - Lite Alternative Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.4%, this is a lower level of debt than the average (53%)
28.4% - Lite Alternative Limited
53% - Industry AVG
LITE ALTERNATIVE LIMITED financials
EXPORT
Lite Alternative Limited's latest turnover from October 2024 is estimated at £2.9 million and the company has net assets of £3.7 million. According to their latest financial statements, Lite Alternative Limited has 11 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2024
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
2,903,345
7,920,251
3,469,249
1,321,594
602,359
7,277,135
1,037,033
1,258,562
3,057,658
3,285,361
4,369,947
4,044,616
802,973
3,856,699
1,734,011
Other Income Or Grants
Cost Of Sales
1,413,972
3,953,686
1,841,698
581,288
265,674
3,790,982
589,621
539,796
1,479,780
1,870,224
2,410,262
2,160,581
438,409
2,114,584
963,358
Gross Profit
1,489,373
3,966,565
1,627,551
740,306
336,685
3,486,153
447,412
718,766
1,577,878
1,415,137
1,959,684
1,884,035
364,564
1,742,115
770,653
Admin Expenses
1,507,844
3,177,255
799,862
897,901
671,963
3,665,826
338,221
426,030
1,223,065
1,299,786
1,726,421
1,507,209
155,589
1,671,149
-1,313,811
Operating Profit
-18,471
789,310
827,689
-157,595
-335,278
-179,673
109,191
292,736
354,813
115,351
233,263
376,826
208,975
70,966
2,084,464
Interest Payable
Interest Receivable
100,836
97,744
27,548
857
655
4,371
3,534
1,227
912
461
494
871
679
298
131
Pre-Tax Profit
82,364
887,055
855,237
-156,738
-334,623
-175,302
112,725
293,963
355,725
115,813
233,757
377,696
209,654
71,264
2,084,594
Tax
-20,591
-221,764
-162,495
-21,418
-55,853
-71,145
-23,162
-49,089
-86,870
-50,317
-18,529
-583,686
Profit After Tax
61,773
665,291
692,742
-156,738
-334,623
-175,302
91,307
238,110
284,580
92,650
184,668
290,826
159,337
52,735
1,500,908
Dividends Paid
Retained Profit
61,773
665,291
692,742
-156,738
-334,623
-175,302
91,307
238,110
284,580
92,650
184,668
290,826
159,337
52,735
1,500,908
Employee Costs
367,984
317,083
260,607
186,962
264,676
146,353
146,286
105,455
118,816
1,005,804
1,276,610
1,277,285
242,575
1,224,974
523,010
Number Of Employees
11
10
9
7
11
6
6
4
4
36
54
55
12
55
24
EBITDA*
540,304
1,218,252
1,134,630
217,421
309,122
418,781
295,553
292,736
856,939
734,250
830,547
742,774
567,963
506,921
2,308,592
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2024
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
2,903,277
2,716,176
2,126,555
1,776,834
2,063,823
2,743,968
3,156,436
3,207,431
2,911,658
2,731,631
2,643,658
2,464,621
2,080,111
1,979,593
1,802,860
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,903,277
2,716,176
2,126,555
1,776,834
2,063,823
2,743,968
3,156,436
3,207,431
2,911,658
2,731,631
2,643,658
2,464,621
2,080,111
1,979,593
1,802,860
Stock & work in progress
9,000
9,000
9,000
5,000
5,000
31,000
31,888
28,989
26,354
23,958
21,780
19,800
18,000
18,000
14,500
Trade Debtors
306,617
811,064
383,914
143,240
30,966
892,259
107,532
127,741
430,454
290,974
430,944
392,494
67,345
347,635
157,179
Group Debtors
Misc Debtors
49,346
73,631
73,714
23,253
37,639
150,825
37,185
23,783
16,694
Cash
1,854,143
2,179,277
1,544,314
904,429
809,655
499,372
666,169
747,434
234,389
130,542
54,050
143,488
204,739
66,990
52,210
misc current assets
total current assets
2,219,106
3,072,972
2,010,942
1,075,922
883,260
1,573,456
842,774
927,947
707,891
445,474
506,774
555,782
290,084
432,625
223,889
total assets
5,122,383
5,789,148
4,137,497
2,852,756
2,947,083
4,317,424
3,999,210
4,135,378
3,619,549
3,177,105
3,150,432
3,020,403
2,370,195
2,412,218
2,026,749
Bank overdraft
Bank loan
Trade Creditors
175,532
510,184
228,060
49,898
882
311,631
209,518
796,957
360,003
640,963
721,392
799,729
334,034
575,841
234,968
Group/Directors Accounts
120,000
20,000
20,000
other short term finances
hp & lease commitments
other current liabilities
607,241
1,049,474
493,713
173,419
199,078
964,204
568,801
267,397
442,439
total current liabilities
782,773
1,559,658
721,773
223,317
199,960
1,275,835
778,319
1,064,354
802,442
640,963
721,392
799,729
454,034
595,841
254,968
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
671,346
622,999
474,524
384,981
345,927
305,770
305,770
247,210
231,403
235,018
220,566
196,868
183,181
242,734
250,873
total long term liabilities
671,346
622,999
474,524
384,981
345,927
305,770
305,770
247,210
231,403
235,018
220,566
196,868
183,181
242,734
250,873
total liabilities
1,454,119
2,182,657
1,196,297
608,298
545,887
1,581,605
1,084,089
1,311,564
1,033,845
875,981
941,958
996,597
637,215
838,575
505,841
net assets
3,668,264
3,606,491
2,941,200
2,244,458
2,401,196
2,735,819
2,915,121
2,823,814
2,585,704
2,301,124
2,208,474
2,023,806
1,732,980
1,573,643
1,520,908
total shareholders funds
3,668,264
3,606,491
2,941,200
2,244,458
2,401,196
2,735,819
2,915,121
2,823,814
2,585,704
2,301,124
2,208,474
2,023,806
1,732,980
1,573,643
1,520,908
Oct 2024
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
-18,471
789,310
827,689
-157,595
-335,278
-179,673
109,191
292,736
354,813
115,351
233,263
376,826
208,975
70,966
2,084,464
Depreciation
558,775
428,942
306,941
375,016
644,400
598,454
186,362
502,126
618,899
597,284
365,948
358,988
435,955
224,128
Amortisation
Tax
-20,591
-221,764
-162,495
-21,418
-55,853
-71,145
-23,162
-49,089
-86,870
-50,317
-18,529
-583,686
Stock
4,000
-26,000
-888
2,899
2,635
2,396
2,178
1,980
1,800
3,500
14,500
Debtors
-528,732
427,067
291,135
97,888
-974,479
898,367
-6,807
-295,624
156,174
-139,970
38,450
325,149
-280,290
190,456
157,179
Creditors
-334,652
282,124
178,162
49,016
-310,749
102,113
-587,439
436,954
-280,960
-80,429
-78,337
465,695
-241,807
340,873
234,968
Accruals and Deferred Income
-442,233
555,761
320,294
-25,659
-765,126
395,403
301,404
-175,042
442,439
Deferred Taxes & Provisions
48,347
148,475
89,543
39,054
40,157
58,560
15,807
-3,615
14,452
23,698
13,687
-59,553
-8,139
250,873
Cash flow from operations
319,907
1,555,781
1,264,999
181,944
273,883
18,818
50,568
807,591
785,088
782,903
686,389
808,337
496,576
627,170
2,039,068
Investing Activities
capital expenditure
-745,876
-1,018,563
-656,662
-88,027
35,745
-185,986
-135,367
-295,773
-682,153
-706,872
-776,321
-750,458
-459,506
-612,688
-2,026,988
Change in Investments
cash flow from investments
-745,876
-1,018,563
-656,662
-88,027
35,745
-185,986
-135,367
-295,773
-682,153
-706,872
-776,321
-750,458
-459,506
-612,688
-2,026,988
Financing Activities
Bank loans
Group/Directors Accounts
-120,000
100,000
20,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,000
-4,000
20,000
interest
100,836
97,744
27,548
857
655
4,371
3,534
1,227
912
461
494
871
679
298
131
cash flow from financing
100,836
97,744
31,548
857
655
371
3,534
1,227
912
461
494
-119,129
100,679
298
40,131
cash and cash equivalents
cash
-325,134
634,963
639,885
94,774
310,283
-166,797
-81,265
513,045
103,847
76,492
-89,438
-61,251
137,749
14,780
52,210
overdraft
change in cash
-325,134
634,963
639,885
94,774
310,283
-166,797
-81,265
513,045
103,847
76,492
-89,438
-61,251
137,749
14,780
52,210
lite alternative limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for lite alternative limited. Get real-time insights into lite alternative limited's credit score, group structure and payment trends.
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lite alternative limited Ownership
LITE ALTERNATIVE LIMITED group structure
Lite Alternative Limited has no subsidiary companies.
Ultimate parent company
LITE ALTERNATIVE LIMITED
02519832
LITE ALTERNATIVE LIMITED Shareholders
The sole shareholder of Lite Alternative Limited is Paul Normandale.
paul normandale
100%
lite alternative limited directors
Lite Alternative Limited currently has 1 director, Mr Paul Normandale serving since Jul 1991.
77210 - Renting and leasing of recreational and sports goods
incorporation date
July 1990
age
35
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
October 2024
previous names
spheremerge limited (August 1990)
accountant
-
auditor
-
address
unit 4 shadsworth business park, duttons way, blackburn, lancashire, BB1 2QR
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
lite alternative 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 1 charges/mortgages relating to lite alternative limited. Currently there are 0 open charges and 1 have been satisfied in the past.
lite alternative 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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lite alternative limitedCompanies House Filings - See Documents
