lb europe limited
lb europe limited Company Information
Company Number
02805026
Website
http://liquibox.comRegistered Address
1 - 3 cromwell road, st neots, e, cromwell road, st. neots, PE19 1QN
Industry
Manufacture of plastic packing goods
Telephone
01619466960
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
liqui-box uk ltd 100%
lb europe limited Estimated Valuation
Pomanda estimates the enterprise value of LB EUROPE LIMITED at £7.3m based on a Turnover of £10.5m and 0.7x industry multiple (adjusted for size and gross margin).
lb europe limited Estimated Valuation
Pomanda estimates the enterprise value of LB EUROPE LIMITED at £0 based on an EBITDA of £-1.3m and a 4.87x industry multiple (adjusted for size and gross margin).
lb europe limited Estimated Valuation
Pomanda estimates the enterprise value of LB EUROPE LIMITED at £0 based on Net Assets of £-2.2m and 0.28x industry multiple (adjusted for liquidity).
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Lb Europe Limited Overview
Lb Europe Limited is a live company located in st. neots, PE19 1QN with a Companies House number of 02805026. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in March 1993, it's largest shareholder is liqui-box uk ltd with a 100% stake. Lb Europe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with declining growth in recent years.
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Lb Europe Limited Health Check
Pomanda's financial health check has awarded Lb Europe Limited 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 £10.5m, make it smaller than the average company (£22m)
£10.5m - Lb Europe Limited
£22m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.3%)
-10% - Lb Europe Limited
5.3% - Industry AVG
Production
with a gross margin of 21.4%, this company has a lower cost of product (17.6%)
21.4% - Lb Europe Limited
17.6% - Industry AVG
Profitability
an operating margin of -14.3% make it less profitable than the average company (3.3%)
-14.3% - Lb Europe Limited
3.3% - Industry AVG
Employees
with 47 employees, this is below the industry average (95)
47 - Lb Europe Limited
95 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£38.5k)
£44k - Lb Europe Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £223.4k, this is equally as efficient (£243k)
£223.4k - Lb Europe Limited
£243k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (66 days)
43 days - Lb Europe Limited
66 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lb Europe Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (53 days)
7 days - Lb Europe Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (6 weeks)
12 weeks - Lb Europe Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.8%, this is a higher level of debt than the average (56.6%)
124.8% - Lb Europe Limited
56.6% - Industry AVG
LB EUROPE LIMITED financials
Lb Europe Limited's latest turnover from December 2022 is £10.5 million and the company has net assets of -£2.2 million. According to their latest financial statements, Lb Europe Limited has 47 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,499,360 | 15,527,407 | 9,181,301 | 14,625,847 | 16,198,976 | 16,374,638 | 14,732,985 | 13,803,761 | 14,656,559 | 13,461,518 | 14,707,477 | 14,887,000 | 14,110,000 | 12,842,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 8,249,670 | 12,213,020 | 8,308,605 | 11,625,559 | 13,980,679 | 14,173,068 | 12,974,187 | 12,434,672 | 12,576,062 | 12,752,031 | 14,859,719 | 12,507,000 | 11,583,000 | 11,543,000 |
| Gross Profit | 2,249,690 | 3,314,387 | 872,696 | 3,000,288 | 2,218,297 | 2,201,570 | 1,758,798 | 1,369,089 | 2,080,497 | 709,487 | -152,242 | 2,380,000 | 2,527,000 | 1,299,000 |
| Admin Expenses | 3,748,212 | 4,333,343 | 2,550,941 | 2,956,288 | 2,486,596 | 2,006,924 | 2,095,758 | 1,882,253 | 2,035,493 | 1,453,906 | 787,266 | 2,060,000 | 2,454,000 | 2,337,000 |
| Operating Profit | -1,498,522 | -1,018,956 | -1,678,245 | 44,000 | -268,299 | 194,646 | -336,960 | -513,164 | 45,004 | -744,419 | -939,508 | 320,000 | 73,000 | -1,038,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 31,000 | 72,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 2,179 | 843 | 1,975 | 14,000 | 7,000 | 17,000 |
| Pre-Tax Profit | -1,498,522 | -1,018,956 | -1,678,245 | 44,000 | -268,299 | 194,646 | -336,960 | -513,136 | 47,183 | -743,576 | -937,533 | 325,000 | 49,000 | -1,093,000 |
| Tax | -161,539 | 0 | -204,869 | -22,159 | 38,067 | 2,286 | 71,665 | 122,047 | -6,622 | 0 | 249,556 | -157,000 | -37,000 | 17,000 |
| Profit After Tax | -1,660,061 | -1,018,956 | -1,883,114 | 21,841 | -230,232 | 196,932 | -265,295 | -391,089 | 40,561 | -743,576 | -687,977 | 168,000 | 12,000 | -1,076,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,660,061 | -1,018,956 | -1,883,114 | 21,841 | -230,232 | 196,932 | -265,295 | -391,089 | 40,561 | -743,576 | -687,977 | 168,000 | 12,000 | -1,076,000 |
| Employee Costs | 2,070,072 | 2,410,643 | 1,994,311 | 3,083,741 | 3,491,755 | 3,718,377 | 3,619,966 | 3,834,861 | 3,550,859 | 3,181,938 | 3,369,535 | 2,983,000 | 2,835,000 | 3,469,000 |
| Number Of Employees | 47 | 64 | 61 | 85 | 95 | 101 | 97 | 94 | 86 | 88 | 84 | 88 | 89 | 112 |
| EBITDA* | -1,344,564 | -613,078 | -1,550,230 | 236,435 | 68,215 | 504,035 | 184,416 | -19,639 | 535,710 | -283,919 | -431,902 | 1,024,000 | 826,000 | -287,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,064,960 | 1,480,543 | 861,440 | 1,466,164 | 1,628,579 | 1,477,245 | 1,731,109 | 1,935,132 | 1,595,211 | 1,695,389 | 1,965,000 | 2,454,000 | 2,879,000 |
| Intangible Assets | 0 | 16,223 | 261,187 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 302,000 | 421,000 |
| Investments & Other | 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 | 91,601 | 219,587 | 386,341 | 702,325 | 438,464 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1,081,183 | 1,741,730 | 861,440 | 1,466,164 | 1,628,579 | 1,568,846 | 1,950,696 | 2,321,473 | 2,297,536 | 2,133,853 | 1,965,000 | 2,756,000 | 3,300,000 |
| Stock & work in progress | 178,412 | 3,765,461 | 3,418,065 | 2,913,649 | 2,654,955 | 2,353,308 | 2,573,769 | 2,152,682 | 1,751,235 | 1,373,665 | 1,845,431 | 2,068,000 | 1,244,000 | 1,095,000 |
| Trade Debtors | 1,253,448 | 2,167,806 | 1,686,275 | 1,535,226 | 2,032,251 | 1,856,365 | 2,293,908 | 2,230,221 | 1,850,148 | 1,612,174 | 2,125,181 | 1,797,000 | 1,948,000 | 1,867,000 |
| Group Debtors | 4,725,232 | 5,953,622 | 3,867,952 | 1,499,160 | 573,778 | 296,212 | 371,656 | 784,985 | 461,341 | 395,007 | 53,714 | 11,000 | 121,000 | 25,000 |
| Misc Debtors | 81,619 | 324,690 | 489,678 | 529,889 | 680,831 | 590,960 | 627,717 | 600,706 | 355,375 | 276,925 | 35,678 | 127,000 | 54,000 | 77,000 |
| Cash | 2,630,430 | 1,005,394 | 1,109,595 | 733,464 | 623,015 | 774,062 | 908,349 | 614,767 | 968,251 | 626,013 | 453,522 | 1,215,000 | 2,940,000 | 2,875,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,869,141 | 13,216,973 | 10,571,565 | 7,211,388 | 6,564,830 | 5,870,907 | 6,775,399 | 6,383,361 | 5,386,350 | 4,283,784 | 4,513,526 | 5,218,000 | 6,307,000 | 5,939,000 |
| total assets | 8,869,141 | 14,298,156 | 12,313,295 | 8,072,828 | 8,030,994 | 7,499,486 | 8,344,245 | 8,334,057 | 7,707,823 | 6,581,320 | 6,647,379 | 7,183,000 | 9,063,000 | 9,239,000 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 854,183 | 1,361,768 | 734,226 | 1,122,734 | 1,048,108 | 1,041,430 | 1,119,735 | 1,125,022 | 820,779 | 1,878,866 | 1,172,000 | 398,000 | 364,000 |
| Group/Directors Accounts | 10,299,338 | 12,548,006 | 8,861,468 | 4,653,453 | 3,983,783 | 3,242,787 | 4,214,297 | 3,938,170 | 2,851,410 | 1,737,741 | 528,618 | 401,000 | 959,000 | 734,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 771,429 | 1,437,532 | 1,612,668 | 324,644 | 585,813 | 639,695 | 716,554 | 638,893 | 703,044 | 696,651 | 69,118 | 934,000 | 874,000 | 966,000 |
| total current liabilities | 11,070,767 | 14,839,721 | 11,835,904 | 5,712,323 | 5,692,330 | 4,930,590 | 5,972,281 | 5,696,798 | 4,679,476 | 3,255,171 | 2,476,602 | 2,507,000 | 2,231,000 | 2,064,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338,363 | 439,415 | 0 | 2,400,000 | 2,400,000 |
| hp & lease commitments | 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 |
| other liabilities | 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 | 257,000 | 181,000 | 536,000 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338,363 | 439,415 | 257,000 | 2,581,000 | 2,936,000 |
| total liabilities | 11,070,767 | 14,839,721 | 11,835,904 | 5,712,323 | 5,692,330 | 4,930,590 | 5,972,281 | 5,696,798 | 4,679,476 | 3,593,534 | 2,916,017 | 2,764,000 | 4,812,000 | 5,000,000 |
| net assets | -2,201,626 | -541,565 | 477,391 | 2,360,505 | 2,338,664 | 2,568,896 | 2,371,964 | 2,637,259 | 3,028,347 | 2,987,786 | 3,731,362 | 4,419,000 | 4,251,000 | 4,239,000 |
| total shareholders funds | -2,201,626 | -541,565 | 477,391 | 2,360,505 | 2,338,664 | 2,568,896 | 2,371,964 | 2,637,259 | 3,028,347 | 2,987,786 | 3,731,362 | 4,419,000 | 4,251,000 | 4,239,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,498,522 | -1,018,956 | -1,678,245 | 44,000 | -268,299 | 194,646 | -336,960 | -513,164 | 45,004 | -744,419 | -939,508 | 320,000 | 73,000 | -1,038,000 |
| Depreciation | 153,958 | 405,878 | 128,015 | 192,435 | 336,514 | 309,389 | 521,376 | 493,525 | 490,706 | 460,500 | 507,606 | 588,000 | 634,000 | 629,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116,000 | 119,000 | 122,000 |
| Tax | -161,539 | 0 | -204,869 | -22,159 | 38,067 | 2,286 | 71,665 | 122,047 | -6,622 | 0 | 249,556 | -157,000 | -37,000 | 17,000 |
| Stock | -3,587,049 | 347,396 | 504,416 | 258,694 | 301,647 | -220,461 | 421,087 | 401,447 | 377,570 | -471,766 | -222,569 | 824,000 | 149,000 | 1,095,000 |
| Debtors | -2,385,819 | 2,402,213 | 2,479,630 | 277,415 | 543,323 | -641,345 | -450,617 | 782,294 | 66,774 | 333,394 | 718,037 | -188,000 | 154,000 | 1,969,000 |
| Creditors | -854,183 | -507,585 | 627,542 | -388,508 | 74,626 | 6,678 | -78,305 | -5,287 | 304,243 | -1,058,087 | 706,866 | 774,000 | 34,000 | 364,000 |
| Accruals and Deferred Income | -666,103 | -175,136 | 1,288,024 | -261,169 | -53,882 | -76,859 | 77,661 | -64,151 | 6,393 | 627,533 | -864,882 | 60,000 | -92,000 | 966,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -257,000 | 76,000 | -355,000 | 536,000 |
| Cash flow from operations | 2,946,479 | -4,045,408 | -2,823,579 | -971,510 | -717,944 | 1,297,946 | 284,967 | -1,150,771 | 395,380 | -576,101 | -1,092,830 | 1,141,000 | 73,000 | -1,468,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -99,000 | -209,000 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -99,000 | -209,000 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,248,668 | 3,686,538 | 4,208,015 | 669,670 | 740,996 | -971,510 | 276,127 | 1,086,760 | 1,113,669 | 1,209,123 | 127,618 | -558,000 | 225,000 | 734,000 |
| Other Short Term Loans | 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 | -338,363 | -101,052 | 439,415 | -2,400,000 | 0 | 2,400,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 2,179 | 843 | 1,975 | 5,000 | -24,000 | -55,000 |
| cash flow from financing | -2,248,668 | 3,686,538 | 4,208,015 | 669,670 | 740,996 | -971,510 | 276,127 | 1,086,789 | 777,485 | 1,108,914 | 569,347 | -2,953,000 | 201,000 | 8,394,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,625,036 | -104,201 | 376,131 | 110,449 | -151,047 | -134,287 | 293,582 | -353,484 | 342,238 | 172,491 | -761,478 | -1,725,000 | 65,000 | 2,875,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,625,036 | -104,201 | 376,131 | 110,449 | -151,047 | -134,287 | 293,582 | -353,484 | 342,238 | 172,491 | -761,478 | -1,725,000 | 65,000 | 2,875,000 |
lb europe limited Credit Report and Business Information
Lb Europe Limited Competitor Analysis
Perform a competitor analysis for lb europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in PE19 area or any other competitors across 12 key performance metrics.
lb europe limited Ownership
LB EUROPE LIMITED group structure
Lb Europe Limited has no subsidiary companies.
Ultimate parent company
OLYMPUS GROWTH FUND VI
#0079099
2 parents
LB EUROPE LIMITED
02805026
lb europe limited directors
Lb Europe Limited currently has 2 directors. The longest serving directors include Mrs Karenjit Kalirai (Feb 2023) and Mrs Laura Bryant (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Karenjit Kalirai | United Kingdom | 49 years | Feb 2023 | - | Director |
| Mrs Laura Bryant | England | 45 years | Feb 2023 | - | Director |
P&L
December 2022turnover
10.5m
-32%
operating profit
-1.5m
+47%
gross margin
21.5%
+0.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.2m
+3.07%
total assets
8.9m
-0.38%
cash
2.6m
+1.62%
net assets
Total assets minus all liabilities
lb europe limited company details
company number
02805026
Type
Private limited with Share Capital
industry
22220 - Manufacture of plastic packing goods
incorporation date
March 1993
age
31
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
lb liquid packaging limited (February 1994)
boxcrest limited (May 1993)
last accounts submitted
December 2022
address
1 - 3 cromwell road, st neots, e, cromwell road, st. neots, PE19 1QN
accountant
-
auditor
CROWE UK LLP
lb europe 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 lb europe limited. Currently there are 0 open charges and 1 have been satisfied in the past.
lb europe limited Companies House Filings - See Documents
| date | description | view/download |
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