lendlease development (europe) limited
lendlease development (europe) limited Company Information
Company Number
02946679
Next Accounts
Mar 2025
Shareholders
lendlease europe limited
Group Structure
View All
Industry
Development of building projects
Registered Address
c/o pinsent masons llp, 30 crown place, london, EC2A 4ES
Website
https://www.lendlease.comlendlease development (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of LENDLEASE DEVELOPMENT (EUROPE) LIMITED at £23.1m based on a Turnover of £33.9m and 0.68x industry multiple (adjusted for size and gross margin).
lendlease development (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of LENDLEASE DEVELOPMENT (EUROPE) LIMITED at £0 based on an EBITDA of £-2.3m and a 5.24x industry multiple (adjusted for size and gross margin).
lendlease development (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of LENDLEASE DEVELOPMENT (EUROPE) LIMITED at £0 based on Net Assets of £-3.5m and 1.49x industry multiple (adjusted for liquidity).
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Lendlease Development (europe) Limited Overview
Lendlease Development (europe) Limited is a live company located in london, EC2A 4ES with a Companies House number of 02946679. It operates in the development of building projects sector, SIC Code 41100. Founded in July 1994, it's largest shareholder is lendlease europe limited with a 100% stake. Lendlease Development (europe) Limited is a mature, large sized company, Pomanda has estimated its turnover at £33.9m with declining growth in recent years.
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Lendlease Development (europe) Limited Health Check
Pomanda's financial health check has awarded Lendlease Development (Europe) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £33.9m, make it larger than the average company (£2.2m)
£33.9m - Lendlease Development (europe) Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.1%)
-8% - Lendlease Development (europe) Limited
3.1% - Industry AVG
Production
with a gross margin of 13.4%, this company has a higher cost of product (26.4%)
13.4% - Lendlease Development (europe) Limited
26.4% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (7.3%)
-6.7% - Lendlease Development (europe) Limited
7.3% - Industry AVG
Employees
with 121 employees, this is above the industry average (6)
- Lendlease Development (europe) Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Lendlease Development (europe) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £279.9k, this is equally as efficient (£280k)
- Lendlease Development (europe) Limited
£280k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (28 days)
2 days - Lendlease Development (europe) Limited
28 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lendlease Development (europe) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lendlease Development (europe) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lendlease Development (europe) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.6%, this is a higher level of debt than the average (73.1%)
114.6% - Lendlease Development (europe) Limited
73.1% - Industry AVG
LENDLEASE DEVELOPMENT (EUROPE) LIMITED financials
Lendlease Development (Europe) Limited's latest turnover from June 2023 is £33.9 million and the company has net assets of -£3.5 million. According to their latest financial statements, we estimate that Lendlease Development (Europe) Limited has 121 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 33,873,000 | 29,246,000 | 30,130,000 | 43,120,000 | 44,405,000 | 56,639,000 | 53,761,000 | 9,694,000 | 1,173,000 | 2,322,540 | 1,079,950 | 8,503,708 | 6,866,966 | 9,981,603 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 29,343,000 | 25,857,000 | 24,278,000 | 38,165,000 | 34,460,000 | 39,766,000 | 31,282,000 | 11,005,000 | -2,800,000 | -3,265,132 | ||||
| Gross Profit | 4,530,000 | 3,389,000 | 5,852,000 | 4,955,000 | 9,945,000 | 16,873,000 | 22,479,000 | -1,311,000 | 3,973,000 | 2,322,540 | 1,079,950 | 11,768,840 | 6,866,966 | 9,981,603 |
| Admin Expenses | 6,809,000 | 5,977,000 | 5,017,000 | 4,013,000 | 14,223,000 | 4,128,000 | 31,996,000 | 7,938,000 | 10,946,000 | 13,339,803 | 6,873,675 | 4,501,210 | 5,269,443 | 4,684,516 |
| Operating Profit | -2,279,000 | -2,588,000 | 835,000 | 942,000 | -4,278,000 | 12,745,000 | -9,517,000 | -9,249,000 | -6,973,000 | -11,017,263 | -5,793,725 | 7,267,630 | 1,597,523 | 5,297,087 |
| Interest Payable | 1,185,000 | 211,000 | 169,000 | 486,000 | 191,000 | 1,369,000 | 889,000 | 722,000 | 410,000 | 273,904 | ||||
| Interest Receivable | 16,000 | 14,000 | 11,000 | 3,000 | 300,000 | 118,000 | 45,000 | |||||||
| Pre-Tax Profit | -3,464,000 | -2,799,000 | 682,000 | 470,000 | -4,458,000 | 11,379,000 | -10,106,000 | -9,853,000 | -7,338,000 | -10,772,210 | -5,678,666 | 7,267,630 | 1,597,523 | 5,023,183 |
| Tax | 855,000 | -6,587,000 | 2,379,000 | 852,000 | 494,000 | -4,217,000 | 2,991,000 | -283,000 | 1,383,000 | -373,884 | 1,182,256 | -2,172,546 | -190,108 | -475,491 |
| Profit After Tax | -2,609,000 | -9,386,000 | 3,061,000 | 1,322,000 | -3,964,000 | 7,162,000 | -7,115,000 | -10,136,000 | -5,955,000 | -11,146,094 | -4,496,410 | 5,095,084 | 1,407,415 | 4,547,692 |
| Dividends Paid | ||||||||||||||
| Retained Profit | -2,609,000 | -9,386,000 | 3,061,000 | 1,322,000 | -3,964,000 | 7,162,000 | -7,115,000 | -10,136,000 | -5,955,000 | -11,146,094 | -4,496,410 | 5,095,084 | 1,407,415 | 4,547,692 |
| Employee Costs | 26,979,000 | 19,155,000 | 16,896,000 | 1,003,000 | 10,000 | |||||||||
| Number Of Employees | 217 | 201 | 199 | 137 | 6 | |||||||||
| EBITDA* | -2,279,000 | -2,588,000 | 1,113,000 | 1,419,000 | -3,885,000 | 12,995,000 | -9,494,000 | -9,043,000 | -6,694,000 | -10,793,395 | -5,793,725 | 7,267,630 | 3,053,509 | 6,092,753 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,766,000 | 11,913,000 | 6,142,000 | 7,653,000 | 12,120,000 | 8,345,000 | 5,927,000 | 6,107,967 | 4,084,491 | 3,742,076 | 4,053,915 | 5,700,009 | ||
| Intangible Assets | 86,000 | 183,000 | 248,000 | 404,000 | 696,000 | 752,000 | 361,000 | |||||||
| Investments & Other | 2,333,000 | 1,458,000 | ||||||||||||
| Debtors (Due After 1 year) | 7,883,000 | 5,933,000 | ||||||||||||
| Total Fixed Assets | 2,419,000 | 1,641,000 | 8,131,000 | 6,384,000 | 6,838,000 | 8,405,000 | 12,481,000 | 8,345,000 | 5,927,000 | 6,107,967 | 4,084,491 | 3,742,076 | 4,053,915 | 5,700,009 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 226,000 | 4,000 | 508,000 | 167,000 | 3,929,000 | 300,000 | 2,921,000 | 6,961,000 | 13,346,796 | 11,044,481 | 12,337,405 | 32,693,687 | 22,458,496 | |
| Group Debtors | 57,000 | 572,000 | 17,806,000 | 29,899,000 | 20,655,000 | 23,192,000 | 29,412,000 | 15,055,000 | 7,477,000 | 559,624 | 88,608,691 | 1,841,162 | ||
| Misc Debtors | 21,422,000 | 18,717,000 | 9,965,000 | 4,033,000 | 2,227,000 | 5,318,000 | 1,759,000 | 7,000 | 7,062,000 | 4,813,257 | 2,638,686 | 2,401,731 | 2,548,328 | 24,080,344 |
| Cash | 7,467,000 | 15,482,000 | 7,150,368 | 15,447,905 | ||||||||||
| misc current assets | ||||||||||||||
| total current assets | 21,705,000 | 19,293,000 | 28,598,000 | 34,099,000 | 26,811,000 | 28,510,000 | 31,471,000 | 25,450,000 | 36,982,000 | 25,870,045 | 29,131,072 | 103,347,827 | 37,083,177 | 46,538,840 |
| total assets | 24,124,000 | 20,934,000 | 36,729,000 | 40,483,000 | 33,649,000 | 36,915,000 | 43,952,000 | 33,795,000 | 42,909,000 | 31,978,012 | 33,215,563 | 107,089,903 | 41,137,092 | 52,238,849 |
| Bank overdraft | 145,000 | 1,259,000 | 18,563,000 | 22,005,000 | 10,559,000 | 12,618,000 | 79,319,993 | |||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 6,805,000 | 53,000 | 343,000 | 328,000 | 1,838,000 | 187,000 | 458,000 | 470,000 | 19,630 | 7,587,297 | 9,777,603 | 8,731,885 | 4,940,347 | |
| Group/Directors Accounts | 26,639,000 | 12,583,000 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 851,000 | 1,189,000 | 9,629,000 | 12,712,000 | 18,661,000 | 22,394,000 | 70,862,000 | 53,319,000 | 52,285,000 | 35,850,001 | 18,373,791 | 6,241,422 | 25,749,406 | 42,050,116 |
| total current liabilities | 27,635,000 | 21,836,000 | 28,245,000 | 35,060,000 | 29,548,000 | 36,850,000 | 71,049,000 | 53,777,000 | 52,755,000 | 35,869,631 | 25,961,088 | 95,339,018 | 34,481,291 | 46,990,463 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 27,635,000 | 21,836,000 | 28,245,000 | 35,060,000 | 29,548,000 | 36,850,000 | 71,049,000 | 53,777,000 | 52,755,000 | 35,869,631 | 25,961,088 | 95,339,018 | 34,481,291 | 46,990,463 |
| net assets | -3,511,000 | -902,000 | 8,484,000 | 5,423,000 | 4,101,000 | 65,000 | -27,097,000 | -19,982,000 | -9,846,000 | -3,891,619 | 7,254,475 | 11,750,885 | 6,655,801 | 5,248,386 |
| total shareholders funds | -3,511,000 | -902,000 | 8,484,000 | 5,423,000 | 4,101,000 | 65,000 | -27,097,000 | -19,982,000 | -9,846,000 | -3,891,619 | 7,254,475 | 11,750,885 | 6,655,801 | 5,248,386 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 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 | -2,279,000 | -2,588,000 | 835,000 | 942,000 | -4,278,000 | 12,745,000 | -9,517,000 | -9,249,000 | -6,973,000 | -11,017,263 | -5,793,725 | 7,267,630 | 1,597,523 | 5,297,087 |
| Depreciation | 47,000 | 57,000 | 57,000 | 10,000 | 23,000 | 206,000 | 279,000 | 223,868 | 1,455,986 | 795,666 | ||||
| Amortisation | 231,000 | 420,000 | 336,000 | 240,000 | ||||||||||
| Tax | 855,000 | -6,587,000 | 2,379,000 | 852,000 | 494,000 | -4,217,000 | 2,991,000 | -283,000 | 1,383,000 | -373,884 | 1,182,256 | -2,172,546 | -190,108 | -475,491 |
| Stock | ||||||||||||||
| Debtors | 2,412,000 | -16,869,000 | -3,870,000 | 13,221,000 | -1,699,000 | -2,961,000 | 13,488,000 | -3,517,000 | 2,780,323 | 5,036,510 | -89,664,660 | 66,264,650 | -9,455,663 | 46,538,840 |
| Creditors | -6,805,000 | 6,752,000 | -290,000 | 15,000 | -1,510,000 | 1,651,000 | -271,000 | -12,000 | 450,370 | -7,567,667 | -2,190,306 | 1,045,718 | 3,791,538 | 4,940,347 |
| Accruals and Deferred Income | -338,000 | -8,440,000 | -3,083,000 | -5,949,000 | -3,733,000 | -48,468,000 | 17,543,000 | 1,034,000 | 16,434,999 | 17,476,210 | 12,132,369 | -19,507,984 | -16,300,710 | 42,050,116 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -10,979,000 | 6,006,000 | 3,989,000 | -16,884,000 | -6,935,000 | -35,078,000 | -2,719,000 | -4,787,000 | 8,794,046 | -6,295,246 | 94,995,254 | -79,631,832 | -190,108 | 6,068,885 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 875,000 | 1,458,000 | ||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 14,056,000 | 12,583,000 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -1,185,000 | -211,000 | -153,000 | -472,000 | -180,000 | -1,366,000 | -589,000 | -604,000 | -365,000 | -273,904 | ||||
| cash flow from financing | 12,871,000 | 12,372,000 | -153,000 | -472,000 | 7,820,000 | 18,634,000 | -589,000 | -604,000 | -364,381 | 426,790 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | -7,467,000 | -8,015,000 | 8,331,632 | -8,297,537 | 15,447,905 | |||||||||
| overdraft | -1,114,000 | -17,304,000 | -3,442,000 | 11,446,000 | -2,059,000 | 12,618,000 | -79,319,993 | 79,319,993 | ||||||
| change in cash | 1,114,000 | 17,304,000 | 3,442,000 | -11,446,000 | 2,059,000 | -12,618,000 | -7,467,000 | -8,015,000 | 8,331,632 | -8,297,537 | 94,767,898 | -79,319,993 |
lendlease development (europe) limited Credit Report and Business Information
Lendlease Development (europe) Limited Competitor Analysis
Perform a competitor analysis for lendlease development (europe) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in EC2A area or any other competitors across 12 key performance metrics.
lendlease development (europe) limited Ownership
LENDLEASE DEVELOPMENT (EUROPE) LIMITED group structure
Lendlease Development (Europe) Limited has no subsidiary companies.
Ultimate parent company
LENDLEASE CORP LTD
#0016622
2 parents
LENDLEASE DEVELOPMENT (EUROPE) LIMITED
02946679
lendlease development (europe) limited directors
Lendlease Development (Europe) Limited currently has 2 directors. The longest serving directors include Mr Thomas Seymour (May 2024) and Mr Geoffrey Willetts (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Seymour | England | 36 years | May 2024 | - | Director |
| Mr Geoffrey Willetts | England | 44 years | Oct 2024 | - | Director |
P&L
June 2023turnover
33.9m
+16%
operating profit
-2.3m
-12%
gross margin
13.4%
+15.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-3.5m
+2.89%
total assets
24.1m
+0.15%
cash
0
0%
net assets
Total assets minus all liabilities
lendlease development (europe) limited company details
company number
02946679
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
July 1994
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
lend lease development limited (July 2016)
lend lease retail (uk) limited (June 2007)
See moreaccountant
-
auditor
KPMG LLP
address
c/o pinsent masons llp, 30 crown place, london, EC2A 4ES
Bank
BARCLAYS BANK PLC
Legal Advisor
-
lendlease development (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 did not find charges/mortgages relating to lendlease development (europe) limited.
lendlease development (europe) limited Capital Raised & Share Issues BETA
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lendlease development (europe) limited Companies House Filings - See Documents
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