lat enterprises c.i.c.
lat enterprises c.i.c. Company Information
Company Number
02579961
Next Accounts
May 2025
Industry
Post-secondary non-tertiary education
Other amusement and recreation activities
Shareholders
leigh academies trust
Group Structure
View All
Contact
Registered Address
strood academy carnation road, rochester, ME2 2SX
Website
http://leighacademy.org.uklat enterprises c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT ENTERPRISES C.I.C. at £759.5k based on a Turnover of £712.2k and 1.07x industry multiple (adjusted for size and gross margin).
lat enterprises c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT ENTERPRISES C.I.C. at £3.4m based on an EBITDA of £576k and a 5.95x industry multiple (adjusted for size and gross margin).
lat enterprises c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT ENTERPRISES C.I.C. at £59.4k based on Net Assets of £26.8k and 2.22x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lat Enterprises C.i.c. Overview
Lat Enterprises C.i.c. is a live company located in rochester, ME2 2SX with a Companies House number of 02579961. It operates in the technical and vocational secondary education sector, SIC Code 85320. Founded in February 1991, it's largest shareholder is leigh academies trust with a 100% stake. Lat Enterprises C.i.c. is a mature, small sized company, Pomanda has estimated its turnover at £712.2k with healthy growth in recent years.
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Lat Enterprises C.i.c. Health Check
Pomanda's financial health check has awarded Lat Enterprises C.I.C. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £712.2k, make it in line with the average company (£866k)
£712.2k - Lat Enterprises C.i.c.
£866k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.2%)
14% - Lat Enterprises C.i.c.
6.2% - Industry AVG
Production
with a gross margin of 83%, this company has a lower cost of product (55.9%)
83% - Lat Enterprises C.i.c.
55.9% - Industry AVG
Profitability
an operating margin of 80.9% make it more profitable than the average company (6.4%)
80.9% - Lat Enterprises C.i.c.
6.4% - Industry AVG
Employees
with 13 employees, this is below the industry average (22)
- Lat Enterprises C.i.c.
22 - Industry AVG
Pay Structure
on an average salary of £1.5k, the company has a lower pay structure (£26.4k)
- Lat Enterprises C.i.c.
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £54.8k, this is equally as efficient (£56.3k)
- Lat Enterprises C.i.c.
£56.3k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is later than average (12 days)
22 days - Lat Enterprises C.i.c.
12 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (37 days)
1 days - Lat Enterprises C.i.c.
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lat Enterprises C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is less cash available to meet short term requirements (70 weeks)
49 weeks - Lat Enterprises C.i.c.
70 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.4%, this is a higher level of debt than the average (33.4%)
97.4% - Lat Enterprises C.i.c.
33.4% - Industry AVG
LAT ENTERPRISES C.I.C. financials
Lat Enterprises C.I.C.'s latest turnover from August 2023 is £712.2 thousand and the company has net assets of £26.8 thousand. According to their latest financial statements, we estimate that Lat Enterprises C.I.C. has 13 employees and maintains cash reserves of £939.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 712,215 | 944,284 | 342,262 | 484,209 | 686,548 | 461,028 | 334,711 | 316,093 | 160,188 | 180,106 | 138,372 | 76,719 | 90,968 | 75,628 | 33,877 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 121,313 | 156,689 | 34,814 | 28,164 | 71,879 | 35,748 | 29,682 | 24,610 | 40,139 | 67,129 | 58,848 | 38,639 | 32,295 | 16,012 | 2,416 |
| Gross Profit | 590,902 | 787,595 | 307,448 | 456,045 | 614,669 | 425,280 | 305,029 | 291,483 | 120,049 | 112,977 | 79,524 | 38,080 | 58,673 | 59,616 | 31,461 |
| Admin Expenses | 14,900 | 24,743 | 32,719 | 43,306 | 46,391 | 15,778 | 70,775 | 66,301 | 24,026 | 12,822 | 9,472 | 37,061 | 41,830 | 28,856 | 29,964 |
| Operating Profit | 576,002 | 762,852 | 274,729 | 412,739 | 568,278 | 409,502 | 234,254 | 225,182 | 96,023 | 100,155 | 70,052 | 1,019 | 16,843 | 30,760 | 1,497 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 9,356 | 353 | 63 | 1,221 | 0 | 0 | 104 | 118 | 93 | 66 | 13 | 14 | 21 | 2 | 273 |
| Pre-Tax Profit | 585,358 | 763,205 | 274,792 | 413,960 | 0 | -1,148 | 0 | -4,170 | 9,555 | -1,153 | 7,964 | 1,033 | -508 | 7,691 | 1,770 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 585,358 | 763,205 | 274,792 | 413,960 | 0 | -1,148 | 0 | -4,170 | 9,555 | -1,153 | 7,964 | 1,033 | -508 | 7,691 | 1,770 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 0 | 0 | 0 | 413,960 | 0 | -1,148 | 0 | -4,170 | 9,555 | -102,527 | -54,137 | 1,033 | -508 | -15,380 | 1,770 |
| Employee Costs | 19,727 | 52,866 | 46,437 | 37,010 | 55,701 | 38,079 | 0 | 0 | 0 | 0 | 0 | 0 | 23,462 | 9,030 | 12,621 |
| Number Of Employees | |||||||||||||||
| EBITDA* | 576,002 | 762,852 | 274,729 | 415,004 | 570,543 | 411,827 | 237,301 | 229,832 | 98,520 | 102,200 | 72,939 | 2,735 | 16,952 | 30,760 | 2,911 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 2,264 | 4,529 | 6,855 | 9,902 | 14,552 | 5,728 | 7,773 | 6,964 | 1,296 | 0 | 0 |
| Intangible Assets | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 2,264 | 4,529 | 6,855 | 9,902 | 14,552 | 5,728 | 7,773 | 6,964 | 1,296 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,693 | 2,691 | 14,414 | 0 |
| Trade Debtors | 43,380 | 79,229 | 57,570 | 1,093 | 28,267 | 19,631 | 49,227 | 38,486 | 36,301 | 38,130 | 11,945 | 4,728 | 11,806 | 10,232 | 4,204 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 39,618 | 11,250 | 0 | 2,787 | 22,427 | 300 | 3,560 | 2,832 | 9,709 | 307 | 6,063 | 1,994 | 629 | 1,027 | 374 |
| Cash | 939,933 | 944,446 | 473,488 | 580,670 | 665,598 | 480,059 | 249,765 | 210,703 | 120,718 | 119,157 | 82,515 | 17,754 | 37,702 | 38,694 | 10,063 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,022,931 | 1,034,925 | 531,058 | 584,550 | 716,292 | 499,990 | 302,552 | 252,021 | 166,728 | 157,594 | 100,523 | 27,169 | 52,828 | 64,367 | 14,641 |
| total assets | 1,022,931 | 1,034,925 | 531,058 | 584,550 | 718,556 | 504,519 | 309,407 | 261,923 | 181,280 | 163,322 | 108,296 | 34,133 | 54,124 | 64,367 | 14,641 |
| 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 | 520 | 16,608 | 1,900 | 1,900 | 19,900 | 0 | 0 | 0 | 15,293 | 12,738 | 19,883 | 14,413 | 18,190 | 20,869 | 1,812 |
| Group/Directors Accounts | 954,740 | 913,962 | 408,129 | 504,652 | 645,712 | 452,996 | 255,868 | 204,702 | 100,083 | 101,374 | 62,101 | 0 | 17,372 | 25,053 | 1,201 |
| 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 | 40,903 | 77,587 | 94,261 | 51,230 | 26,176 | 24,755 | 25,623 | 29,305 | 33,818 | 26,679 | 2,628 | 4,000 | 3,875 | 3,250 | 4,124 |
| total current liabilities | 996,163 | 1,008,157 | 504,290 | 557,782 | 691,788 | 477,751 | 281,491 | 234,007 | 149,194 | 140,791 | 84,612 | 18,413 | 39,437 | 49,172 | 7,137 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 996,163 | 1,008,157 | 504,290 | 557,782 | 691,788 | 477,751 | 281,491 | 234,007 | 149,194 | 140,791 | 84,612 | 18,413 | 39,437 | 49,172 | 7,137 |
| net assets | 26,768 | 26,768 | 26,768 | 26,768 | 26,768 | 26,768 | 27,916 | 27,916 | 32,086 | 22,531 | 23,684 | 15,720 | 14,687 | 15,195 | 7,504 |
| total shareholders funds | 26,768 | 26,768 | 26,768 | 26,768 | 26,768 | 26,768 | 27,916 | 27,916 | 32,086 | 22,531 | 23,684 | 15,720 | 14,687 | 15,195 | 7,504 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 576,002 | 762,852 | 274,729 | 412,739 | 568,278 | 409,502 | 234,254 | 225,182 | 96,023 | 100,155 | 70,052 | 1,019 | 16,843 | 30,760 | 1,497 |
| Depreciation | 0 | 0 | 0 | 2,265 | 2,265 | 2,325 | 3,047 | 4,650 | 2,497 | 2,045 | 2,887 | 1,716 | 109 | 0 | 1,414 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,693 | 2 | -11,723 | 14,414 | 0 |
| Debtors | -7,481 | 32,909 | 53,690 | -46,814 | 30,763 | -32,856 | 11,469 | -4,692 | 7,573 | 20,429 | 11,286 | -5,713 | 1,176 | 6,681 | 4,578 |
| Creditors | -16,088 | 14,708 | 0 | -18,000 | 19,900 | 0 | 0 | -15,293 | 2,555 | -7,145 | 5,470 | -3,777 | -2,679 | 19,057 | 1,812 |
| Accruals and Deferred Income | -36,684 | -16,674 | 43,031 | 25,054 | 1,421 | -868 | -3,682 | -4,513 | 7,139 | 24,051 | -1,372 | 125 | 625 | -874 | 4,124 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 530,711 | 727,977 | 264,070 | 468,872 | 561,101 | 443,815 | 222,150 | 214,718 | 100,641 | 98,677 | 68,444 | 4,794 | 25,445 | 27,848 | 4,269 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 40,778 | 505,833 | -96,523 | -141,060 | 192,716 | 197,128 | 51,166 | 104,619 | -1,291 | 39,273 | 62,101 | -17,372 | -7,681 | 23,852 | 1,201 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 9,356 | 353 | 63 | 1,221 | 0 | 0 | 104 | 118 | 93 | 66 | 13 | 14 | 21 | 2 | 273 |
| cash flow from financing | 50,134 | 506,186 | -96,460 | -553,799 | 192,716 | 197,128 | 51,270 | 104,737 | -1,198 | 140,713 | 124,215 | -17,358 | -7,660 | 46,925 | 7,208 |
| cash and cash equivalents | |||||||||||||||
| cash | -4,513 | 470,958 | -107,182 | -84,928 | 185,539 | 230,294 | 39,062 | 89,985 | 1,561 | 36,642 | 64,761 | -19,948 | -992 | 28,631 | 10,063 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,513 | 470,958 | -107,182 | -84,928 | 185,539 | 230,294 | 39,062 | 89,985 | 1,561 | 36,642 | 64,761 | -19,948 | -992 | 28,631 | 10,063 |
lat enterprises c.i.c. Credit Report and Business Information
Lat Enterprises C.i.c. Competitor Analysis
Perform a competitor analysis for lat enterprises c.i.c. by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in ME2 area or any other competitors across 12 key performance metrics.
lat enterprises c.i.c. Ownership
LAT ENTERPRISES C.I.C. group structure
Lat Enterprises C.I.C. has no subsidiary companies.
lat enterprises c.i.c. directors
Lat Enterprises C.I.C. currently has 5 directors. The longest serving directors include Mr Jamie Thilthorpe (Jul 2013) and Mr Neil Shorthouse (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jamie Thilthorpe | England | 46 years | Jul 2013 | - | Director |
| Mr Neil Shorthouse | 48 years | Dec 2019 | - | Director | |
| Mr Keith Ellis | United Kingdom | 67 years | Jul 2021 | - | Director |
| Ms Sian Murphy | 61 years | Apr 2022 | - | Director | |
| Ms Faye Reizopoulou | England | 41 years | Nov 2023 | - | Director |
P&L
August 2023turnover
712.2k
-25%
operating profit
576k
-24%
gross margin
83%
-0.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
26.8k
0%
total assets
1m
-0.01%
cash
939.9k
0%
net assets
Total assets minus all liabilities
lat enterprises c.i.c. company details
company number
02579961
Type
Private limited with Share Capital
industry
85410 - Post-secondary non-tertiary education
93290 - Other amusement and recreation activities
93110 - Operation of sports facilities
incorporation date
February 1991
age
34
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
August 2023
previous names
lat enterprises limited (July 2017)
the leigh enterprise company ltd (January 2013)
See moreaccountant
-
auditor
BUZZACOTT LLP
address
strood academy carnation road, rochester, ME2 2SX
Bank
HSBC BANK PLC, HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
lat enterprises c.i.c. 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 lat enterprises c.i.c.. Currently there are 1 open charges and 0 have been satisfied in the past.
lat enterprises c.i.c. 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.
Click to start generating capital raising & share issue transactions for LAT ENTERPRISES C.I.C.. This can take several minutes, an email will notify you when this has completed.
lat enterprises c.i.c. Companies House Filings - See Documents
| date | description | view/download |
|---|
