the lowry centre trust
the lowry centre trust Company Information
Company Number
03168108
Website
www.thelowry.comRegistered Address
the lowry, pier 8, salford quays, M50 3AZ
Industry
Museum activities
Operation of arts facilities
Telephone
03432086000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
the lowry centre trust Estimated Valuation
Pomanda estimates the enterprise value of THE LOWRY CENTRE TRUST at £36.3m based on a Turnover of £35.1m and 1.03x industry multiple (adjusted for size and gross margin).
the lowry centre trust Estimated Valuation
Pomanda estimates the enterprise value of THE LOWRY CENTRE TRUST at £103.7m based on an EBITDA of £8.1m and a 12.74x industry multiple (adjusted for size and gross margin).
the lowry centre trust Estimated Valuation
Pomanda estimates the enterprise value of THE LOWRY CENTRE TRUST at £63.5m based on Net Assets of £51.2m and 1.24x industry multiple (adjusted for liquidity).
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The Lowry Centre Trust Overview
The Lowry Centre Trust is a live company located in salford quays, M50 3AZ with a Companies House number of 03168108. It operates in the performing arts sector, SIC Code 90010. Founded in March 1996, it's largest shareholder is unknown. The Lowry Centre Trust is a mature, large sized company, Pomanda has estimated its turnover at £35.1m with healthy growth in recent years.
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The Lowry Centre Trust Health Check
Pomanda's financial health check has awarded The Lowry Centre Trust a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £35.1m, make it larger than the average company (£375.9k)
£35.1m - The Lowry Centre Trust
£375.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (2.2%)
13% - The Lowry Centre Trust
2.2% - Industry AVG
Production
with a gross margin of 50.9%, this company has a comparable cost of product (50.9%)
50.9% - The Lowry Centre Trust
50.9% - Industry AVG
Profitability
an operating margin of 15.8% make it more profitable than the average company (7.2%)
15.8% - The Lowry Centre Trust
7.2% - Industry AVG
Employees
with 282 employees, this is above the industry average (8)
282 - The Lowry Centre Trust
8 - Industry AVG
Pay Structure
on an average salary of £25.9k, the company has an equivalent pay structure (£22.7k)
£25.9k - The Lowry Centre Trust
£22.7k - Industry AVG
Efficiency
resulting in sales per employee of £124.4k, this is more efficient (£60.6k)
£124.4k - The Lowry Centre Trust
£60.6k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (10 days)
7 days - The Lowry Centre Trust
10 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (26 days)
8 days - The Lowry Centre Trust
26 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (37 days)
3 days - The Lowry Centre Trust
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 80 weeks, this is less cash available to meet short term requirements (159 weeks)
80 weeks - The Lowry Centre Trust
159 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23%, this is a higher level of debt than the average (17.7%)
23% - The Lowry Centre Trust
17.7% - Industry AVG
THE LOWRY CENTRE TRUST financials
The Lowry Centre Trust's latest turnover from March 2023 is £35.1 million and the company has net assets of £51.2 million. According to their latest financial statements, The Lowry Centre Trust has 282 employees and maintains cash reserves of £11.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,075,000 | 18,480,000 | 12,028,000 | 24,274,000 | 22,684,000 | 21,624,000 | 20,270,000 | 24,747,000 | 20,955,000 | 18,572,000 | 16,854,000 | 15,540,000 | 16,536,000 | 15,896,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 146,000 | 146,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 4,338,000 | -2,558,000 | 360,000 | -1,738,000 | -1,625,000 | -1,531,000 | -1,870,000 | 2,040,000 | 17,000 | -1,131,000 | -1,751,000 | -1,920,000 | -1,764,000 | -2,863,000 |
| Tax | 0 | 0 | -50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4,338,000 | -2,558,000 | 310,000 | -1,738,000 | -1,625,000 | -1,531,000 | -1,870,000 | 2,040,000 | 17,000 | -1,131,000 | -1,751,000 | -1,920,000 | -1,764,000 | -2,863,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,338,000 | -2,558,000 | 310,000 | -1,738,000 | -1,625,000 | -1,531,000 | -1,870,000 | 2,040,000 | 17,000 | -1,131,000 | -1,751,000 | -1,920,000 | -1,764,000 | -2,863,000 |
| Employee Costs | 7,306,000 | 5,993,000 | 6,152,000 | 6,863,000 | 6,513,000 | 6,007,000 | 5,695,000 | 5,348,000 | 4,610,000 | 4,799,000 | 5,150,000 | 4,658,000 | 4,892,000 | 4,288,000 |
| Number Of Employees | 282 | 305 | 387 | 343 | 325 | 324 | 7 | 6 | 5 | 4 | 331 | 299 | 305 | 293 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 50,807,000 | 44,268,000 | 46,252,000 | 48,368,000 | 50,116,000 | 52,111,000 | 54,159,000 | 56,219,000 | 52,392,000 | 53,930,000 | 55,459,000 | 57,120,000 | 58,774,000 | 60,329,000 |
| Intangible Assets | 577,000 | 630,000 | 683,000 | 735,000 | 788,000 | 841,000 | 893,000 | 946,000 | 998,000 | 1,051,000 | 1,103,000 | 1,156,000 | 1,208,000 | 1,261,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144,000 | -1,133,000 | 0 | 2,075,000 | 2,017,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 51,384,000 | 44,898,000 | 46,935,000 | 49,103,000 | 50,904,000 | 52,952,000 | 55,052,000 | 57,165,000 | 53,390,000 | 55,125,000 | 55,429,000 | 58,276,000 | 62,057,000 | 63,607,000 |
| Stock & work in progress | 164,000 | 187,000 | 142,000 | 170,000 | 166,000 | 189,000 | 188,000 | 157,000 | 97,000 | 112,000 | 110,000 | 118,000 | 139,000 | 151,000 |
| Trade Debtors | 680,000 | 461,000 | 539,000 | 736,000 | 654,000 | 370,000 | 592,000 | 318,000 | 430,000 | 528,000 | 505,000 | 475,000 | 414,000 | 589,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,444,000 | 2,521,000 | 1,378,000 | 893,000 | 1,266,000 | 2,000,000 | 1,465,000 | 1,533,000 | 1,424,000 | 530,000 | 569,000 | 662,000 | 744,000 | 580,000 |
| Cash | 11,894,000 | 14,969,000 | 14,197,000 | 5,531,000 | 5,038,000 | 4,256,000 | 2,269,000 | 1,723,000 | 5,158,000 | 3,162,000 | 2,464,000 | 1,219,000 | 1,776,000 | 1,990,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,182,000 | 18,138,000 | 16,256,000 | 7,330,000 | 7,124,000 | 6,815,000 | 4,514,000 | 3,731,000 | 7,109,000 | 4,332,000 | 3,648,000 | 2,474,000 | 3,073,000 | 3,310,000 |
| total assets | 66,566,000 | 63,036,000 | 63,191,000 | 56,433,000 | 58,028,000 | 59,767,000 | 59,566,000 | 60,896,000 | 60,499,000 | 59,457,000 | 59,077,000 | 60,750,000 | 65,130,000 | 66,917,000 |
| 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 | 395,000 | 492,000 | 296,000 | 281,000 | 524,000 | 364,000 | 609,000 | 521,000 | 868,000 | 824,000 | 702,000 | 844,000 | 879,000 | 723,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 7,287,000 | 8,109,000 | 6,009,000 | 7,007,000 | 6,621,000 | 6,895,000 | 4,918,000 | 4,466,000 | 5,762,000 | 4,781,000 | 4,669,000 | 3,317,000 | 3,663,000 | 3,903,000 |
| total current liabilities | 7,682,000 | 8,601,000 | 6,305,000 | 7,288,000 | 7,145,000 | 7,259,000 | 5,527,000 | 4,987,000 | 6,630,000 | 5,605,000 | 5,371,000 | 4,161,000 | 4,542,000 | 4,626,000 |
| loans | 7,592,000 | 7,446,000 | 7,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 57,000 | 92,000 | 131,000 | 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 | 1,331,000 | 4,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,649,000 | 7,538,000 | 7,431,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,331,000 | 4,000 | 0 |
| total liabilities | 15,331,000 | 16,139,000 | 13,736,000 | 7,288,000 | 7,145,000 | 7,259,000 | 5,527,000 | 4,987,000 | 6,630,000 | 5,605,000 | 5,371,000 | 5,492,000 | 4,546,000 | 4,626,000 |
| net assets | 51,235,000 | 46,897,000 | 49,455,000 | 49,145,000 | 50,883,000 | 52,508,000 | 54,039,000 | 55,909,000 | 53,869,000 | 53,852,000 | 53,706,000 | 55,258,000 | 60,584,000 | 62,291,000 |
| total shareholders funds | 51,235,000 | 46,897,000 | 49,455,000 | 49,145,000 | 50,883,000 | 52,508,000 | 54,039,000 | 55,909,000 | 53,869,000 | 53,852,000 | 53,706,000 | 55,258,000 | 60,584,000 | 62,291,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 2,537,000 | 2,402,000 | 2,399,000 | 2,257,000 | 2,273,000 | 2,220,000 | 2,183,000 | 1,818,000 | 1,700,000 | 1,716,000 | 1,731,000 | 1,770,000 | 1,760,000 | 3,175,000 |
| Amortisation | 53,000 | 53,000 | 52,000 | 53,000 | 53,000 | 52,000 | 53,000 | 52,000 | 53,000 | 52,000 | 53,000 | 52,000 | 53,000 | 52,000 |
| Tax | 0 | 0 | -50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -23,000 | 45,000 | -28,000 | 4,000 | -23,000 | 1,000 | 31,000 | 60,000 | -15,000 | 2,000 | -8,000 | -21,000 | -12,000 | 151,000 |
| Debtors | 142,000 | 1,065,000 | 288,000 | -291,000 | -450,000 | 313,000 | 206,000 | -3,000 | 796,000 | -16,000 | -63,000 | -21,000 | -11,000 | 1,169,000 |
| Creditors | -97,000 | 196,000 | 15,000 | -243,000 | 160,000 | -245,000 | 88,000 | -347,000 | 44,000 | 122,000 | -142,000 | -35,000 | 156,000 | 723,000 |
| Accruals and Deferred Income | -822,000 | 2,100,000 | -998,000 | 386,000 | -274,000 | 1,977,000 | 452,000 | -1,296,000 | 981,000 | 112,000 | 1,352,000 | -346,000 | -240,000 | 3,903,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -278,000 | -172,000 | -123,000 | -5,645,000 | -66,000 | -186,000 | -70,000 | -116,000 | -205,000 | -132,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -144,000 | 1,277,000 | -1,133,000 | -2,075,000 | 58,000 | 2,017,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | -278,000 | -172,000 | -123,000 | -5,645,000 | 78,000 | -1,463,000 | 1,063,000 | 1,959,000 | -263,000 | -2,149,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 146,000 | 146,000 | 7,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -35,000 | -39,000 | 131,000 | 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 | -1,331,000 | 1,327,000 | 4,000 | 0 |
| share issue | ||||||||||||||
| interest | -146,000 | -146,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -35,000 | -39,000 | 7,431,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,277,000 | -1,132,000 | -2,079,000 | 61,000 | 65,154,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -3,075,000 | 772,000 | 8,666,000 | 493,000 | 782,000 | 1,987,000 | 546,000 | -3,435,000 | 1,996,000 | 698,000 | 1,245,000 | -557,000 | -214,000 | 1,990,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,075,000 | 772,000 | 8,666,000 | 493,000 | 782,000 | 1,987,000 | 546,000 | -3,435,000 | 1,996,000 | 698,000 | 1,245,000 | -557,000 | -214,000 | 1,990,000 |
the lowry centre trust Credit Report and Business Information
The Lowry Centre Trust Competitor Analysis
Perform a competitor analysis for the lowry centre trust by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the lowry centre trust Ownership
THE LOWRY CENTRE TRUST group structure
The Lowry Centre Trust has 2 subsidiary companies.
Ultimate parent company
THE LOWRY CENTRE TRUST
03168108
2 subsidiaries
the lowry centre trust directors
The Lowry Centre Trust currently has 18 directors. The longest serving directors include Mr Charles Hinds (Mar 1996) and Mrs Angela Frost (Oct 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Hinds | 79 years | Mar 1996 | - | Director | |
| Mrs Angela Frost | 66 years | Oct 2004 | - | Director | |
| Sir Rodney Aldridge | England | 76 years | Dec 2006 | - | Director |
| Mr Ian Currie | 62 years | Sep 2007 | - | Director | |
| Ms Beverley Hughes | 74 years | Mar 2011 | - | Director | |
| Baroness Jane Bonham-Carter | England | 66 years | Mar 2011 | - | Director |
| Mr Michael Blackburn | England | 64 years | Mar 2011 | - | Director |
| Mr Paul Dennett | United Kingdom | 44 years | Jun 2020 | - | Director |
| Mr Thomas Stannard | 48 years | Feb 2021 | - | Director | |
| Mr Daniel Kasmir | England | 54 years | Jun 2022 | - | Director |
P&L
March 2023turnover
35.1m
+90%
operating profit
5.6m
0%
gross margin
51%
-0.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
51.2m
+0.09%
total assets
66.6m
+0.06%
cash
11.9m
-0.21%
net assets
Total assets minus all liabilities
the lowry centre trust company details
company number
03168108
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
91020 - Museum activities
90040 - Operation of arts facilities
90030 - Artistic creation
incorporation date
March 1996
age
28
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
the lowry, pier 8, salford quays, M50 3AZ
last accounts submitted
March 2023
the lowry centre trust 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 4 charges/mortgages relating to the lowry centre trust. Currently there are 4 open charges and 0 have been satisfied in the past.
the lowry centre trust Companies House Filings - See Documents
| date | description | view/download |
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