Pomanda estimates the enterprise value of LUDWIG CHOCOLATE LIMITED at £70.3m based on a Turnover of £104.3m and 0.67x industry multiple (adjusted for size and gross margin).
ludwig chocolate limitedEstimated Valuation
£17.5m
Pomanda estimates the enterprise value of LUDWIG CHOCOLATE LIMITED at £17.5m based on an EBITDA of £2.5m and a 6.94x industry multiple (adjusted for size and gross margin).
ludwig chocolate limitedEstimated Valuation
£20.5m
Pomanda estimates the enterprise value of LUDWIG CHOCOLATE LIMITED at £20.5m based on Net Assets of £8.1m and 2.54x industry multiple (adjusted for liquidity).
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Ludwig Chocolate LimitedOverview
Ludwig Chocolate Limited is a live company located in manchester, M34 2GP with a Companies House number of 02876028. It operates in the wholesale of sugar and chocolate and sugar confectionery sector, SIC Code 46360. Founded in November 1993, it's largest shareholder is
ludwig schokolade gmbh
with a 100% stake. Ludwig Chocolate Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£104.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Ludwig Chocolate Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £104.3m, make it larger than the average company (£17.9m)
£104.3m - Ludwig Chocolate Limited
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (8.7%)
10% - Ludwig Chocolate Limited
8.7% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (15.4%)
9.1% - Ludwig Chocolate Limited
15.4% - Industry AVG
Profitability
an operating margin of 2.4% make it as profitable than the average company (3%)
2.4% - Ludwig Chocolate Limited
3% - Industry AVG
Employees
with 4 employees, this is below the industry average (19)
4 - Ludwig Chocolate Limited
19 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Ludwig Chocolate Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £26.1m, this is more efficient (£673.8k)
£26.1m - Ludwig Chocolate Limited
£673.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (43 days)
52 days - Ludwig Chocolate Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Ludwig Chocolate Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (38 days)
28 days - Ludwig Chocolate Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is more cash available to meet short term requirements (9 weeks)
13 weeks - Ludwig Chocolate Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.7%, this is a similar level of debt than the average (73.9%)
70.7% - Ludwig Chocolate Limited
73.9% - Industry AVG
LUDWIG CHOCOLATE LIMITED financials
EXPORT
Ludwig Chocolate Limited's latest turnover from December 2023 is £104.3 million and the company has net assets of £8.1 million. According to their latest financial statements, Ludwig Chocolate Limited has 4 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
104,301,886
75,585,242
69,574,117
77,992,181
30,322,984
11,660,104
12,803,386
11,240,512
12,101,543
11,574,026
14,590,255
14,619,632
14,274,916
10,056,150
Other Income Or Grants
Cost Of Sales
94,789,016
68,788,198
64,879,358
74,047,362
28,535,042
10,780,841
11,763,532
10,494,363
11,011,085
10,487,805
13,362,735
11,670,574
11,616,471
8,050,205
Gross Profit
9,512,870
6,797,044
4,694,759
3,944,819
1,787,942
879,263
1,039,854
746,149
1,090,458
1,086,221
1,227,520
2,949,059
2,658,444
2,005,945
Admin Expenses
6,999,435
5,085,243
4,117,704
2,407,563
1,271,827
680,469
689,205
544,775
947,233
811,784
929,477
2,347,118
2,435,329
1,946,433
-1,829,816
Operating Profit
2,513,435
1,711,801
577,055
1,537,256
516,115
198,794
350,649
201,374
143,225
274,437
298,043
601,941
223,115
59,512
1,829,816
Interest Payable
161,742
37,704
23,776
12,679
94
20,115
983
Interest Receivable
30,159
5,016
153
2,533
1,513
562
317
1,465
1,567
1,622
2,101
5,630
4,364
5,225
2,684
Pre-Tax Profit
2,381,852
1,679,113
553,432
1,527,110
517,534
179,241
349,983
202,839
144,792
276,059
300,144
607,571
227,478
64,738
1,832,500
Tax
-33,264
-67,372
-40,568
-29,315
-59,326
-69,783
-145,817
-59,144
-18,126
-513,100
Profit After Tax
2,348,588
1,679,113
553,432
1,527,110
517,534
179,241
282,611
162,271
115,477
216,733
230,361
461,754
168,334
46,611
1,319,400
Dividends Paid
Retained Profit
2,348,588
1,679,113
553,432
1,527,110
517,534
179,241
282,611
162,271
115,477
216,733
230,361
461,754
168,334
46,611
1,319,400
Employee Costs
1,024,886
860,725
636,664
Number Of Employees
4
4
145
169
98
40
36
31
25
2
2
34
30
22
EBITDA*
2,513,435
1,711,801
577,055
1,537,256
516,115
198,794
350,649
201,374
143,225
274,437
298,043
601,941
223,115
59,512
1,829,816
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
369,831
Total Fixed Assets
369,831
Stock & work in progress
7,461,488
3,138,952
4,065,046
1,665,239
355,743
435,744
498,318
691,337
1,225,068
701,844
761,194
707,831
520,943
500,470
248,845
Trade Debtors
15,052,533
13,769,438
10,903,897
10,451,472
9,380,479
1,440,493
1,642,124
1,944,475
2,156,467
2,444,994
2,476,890
2,461,634
2,583,233
1,641,782
1,680,135
Group Debtors
3,656
39,384
60,208
109,741
17,829
Misc Debtors
141,262
117,859
8,331
124
9,395
13,305
30,706
103,916
13,135
Cash
4,915,688
5,240,748
2,929,829
3,718,520
3,508,128
737,645
1,504,480
976,699
985,385
562,216
1,526,784
1,522,926
729,073
1,016,345
1,073,775
misc current assets
total current assets
27,570,971
22,266,997
17,910,759
15,835,231
13,244,474
2,623,277
3,697,611
3,672,719
4,507,367
3,830,799
4,764,868
4,692,391
3,833,249
3,158,597
3,015,890
total assets
27,570,971
22,266,997
17,910,759
16,205,062
13,244,474
2,623,277
3,697,611
3,672,719
4,507,367
3,830,799
4,764,868
4,692,391
3,833,249
3,158,597
3,015,890
Bank overdraft
Bank loan
Trade Creditors
4,854
82,453
17,243
68,771
1,578
26,857
86,424
65,791
84,517
91,017
53,789
2,671,292
2,273,904
1,767,586
84,287
Group/Directors Accounts
11,759,626
9,321,002
7,957,049
5,660,490
7,694,527
819,074
1,712,440
298,496
1,422,728
872,668
1,662,013
1,047,306
other short term finances
hp & lease commitments
other current liabilities
7,736,921
7,142,560
5,894,598
6,987,364
3,587,042
333,553
634,195
562,491
416,452
398,921
797,606
539,897
total current liabilities
19,501,401
16,546,015
13,868,890
12,716,625
11,283,147
1,179,484
2,433,059
926,778
1,923,697
1,362,606
2,513,408
2,671,292
2,273,904
1,767,586
1,671,490
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
19,501,401
16,546,015
13,868,890
12,716,625
11,283,147
1,179,484
2,433,059
926,778
1,923,697
1,362,606
2,513,408
2,671,292
2,273,904
1,767,586
1,671,490
net assets
8,069,570
5,720,982
4,041,869
3,488,437
1,961,327
1,443,793
1,264,552
2,745,941
2,583,670
2,468,193
2,251,460
2,021,099
1,559,345
1,391,011
1,344,400
total shareholders funds
8,069,570
5,720,982
4,041,869
3,488,437
1,961,327
1,443,793
1,264,552
2,745,941
2,583,670
2,468,193
2,251,460
2,021,099
1,559,345
1,391,011
1,344,400
Dec 2023
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
2,513,435
1,711,801
577,055
1,537,256
516,115
198,794
350,649
201,374
143,225
274,437
298,043
601,941
223,115
59,512
1,829,816
Depreciation
Amortisation
Tax
-33,264
-67,372
-40,568
-29,315
-59,326
-69,783
-145,817
-59,144
-18,126
-513,100
Stock
4,322,536
-926,094
2,399,807
1,309,496
-80,001
-62,574
-193,019
-533,731
523,224
-59,350
53,363
186,888
20,473
251,625
248,845
Debtors
1,306,498
2,971,413
94,581
1,440,700
7,930,715
-244,925
-309,870
-292,231
-269,825
89,849
15,256
-121,599
941,451
-51,488
1,693,270
Creditors
-77,599
65,210
-51,528
67,193
-25,279
-59,567
20,633
-18,726
-6,500
37,228
-2,617,503
397,388
506,318
1,683,299
84,287
Accruals and Deferred Income
594,361
1,247,962
-1,092,766
3,400,322
3,253,489
-300,642
71,704
146,039
17,531
-398,685
797,606
-539,897
539,897
Deferred Taxes & Provisions
Cash flow from operations
-2,632,101
979,654
-3,061,627
2,254,575
-4,106,389
146,084
878,503
1,114,081
-128,458
-176,845
-1,660,256
788,223
-291,635
984,651
-1,215
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
2,438,624
1,363,953
2,296,559
-2,034,037
6,875,453
-893,366
1,413,944
-1,124,232
550,060
-789,345
1,662,013
-1,047,306
1,047,306
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-1,764,000
25,000
interest
-131,583
-32,688
-23,623
-10,146
1,419
-19,553
-666
1,465
1,567
1,622
2,101
5,630
4,364
5,225
2,684
cash flow from financing
2,307,041
1,331,265
2,272,936
-2,044,183
6,876,872
-912,919
-350,722
-1,122,767
551,627
-787,723
1,664,114
5,630
4,364
-1,042,081
1,074,990
cash and cash equivalents
cash
-325,060
2,310,919
-788,691
210,392
2,770,483
-766,835
527,781
-8,686
423,169
-964,568
3,858
793,853
-287,272
-57,430
1,073,775
overdraft
change in cash
-325,060
2,310,919
-788,691
210,392
2,770,483
-766,835
527,781
-8,686
423,169
-964,568
3,858
793,853
-287,272
-57,430
1,073,775
ludwig chocolate 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 ludwig chocolate limited. Get real-time insights into ludwig chocolate limited's credit score, group structure and payment trends.
Perform a competitor analysis for ludwig chocolate limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in M34 area or any other competitors across 12 key performance metrics.
ludwig chocolate limited Ownership
LUDWIG CHOCOLATE LIMITED group structure
Ludwig Chocolate Limited has no subsidiary companies.
Ultimate parent company
KRUGER GMBH & CO KG
#0062808
LUDWIG SCHOKOLADE GMBH & CO KG
#0030291
2 parents
LUDWIG CHOCOLATE LIMITED
02876028
LUDWIG CHOCOLATE LIMITED Shareholders
The sole shareholder of Ludwig Chocolate Limited is Ludwig Schokolade Gmbh.
ludwig schokolade gmbh
100%
ludwig chocolate limited directors
Ludwig Chocolate Limited currently has 4 directors.
The longest serving directors include
Dr Guido Colsman (Dec 2005) and
Mr Mark Slater (Feb 2019).
46360 - Wholesale of sugar and chocolate and sugar confectionery
incorporation date
November 1993
age
32
incorporated
UK
ultimate parent company
KRUGER GMBH & CO KG
accounts
Full Accounts
last accounts submitted
December 2023
previous names
beaverstore limited (March 1994)
accountant
-
auditor
RSM UK AUDIT LLP
address
2nd floor new century house, progress way, manchester, M34 2GP
Bank
HSBC BANK PLC
Legal Advisor
-
ludwig chocolate 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 did not find charges/mortgages relating to ludwig chocolate limited.
ludwig chocolate 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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ludwig chocolate limitedCompanies House Filings - See Documents
