Lateral Concepts Ltd

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lateral concepts ltd Company Information

Live (In Liquidation)

MatureMidDeclining

Company Number

03192443

Next Accounts

1026 days late

Industry

Combined facilities support activities

Other building completion and finishing

Directors

Stephen Butcher

Jason Weekes

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Shareholders

stephen butcher

jason weekes

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Group Structure

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Contact

Registered Address

unit 31927, lytchett house, 13 f, wareham road, poole, dorset, BH16 6FA

Website

www.lateralconcepts.com

lateral concepts ltd Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of LATERAL CONCEPTS LTD at £4.1m based on Net Assets of £1.8m and 2.28x industry multiple (adjusted for liquidity).

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Lateral Concepts Ltd is a live company located in poole, BH16 6FA with a Companies House number of 03192443. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in April 1996, it's largest shareholder is stephen butcher with a 70% stake. Lateral Concepts Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Lateral Concepts Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £8.1m, make it larger than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (6.1%)

EXPORT

Lateral Concepts Ltd's latest turnover from April 2020 is estimated at £8.1 million and the company has net assets of £1.8 million. According to their latest financial statements, Lateral Concepts Ltd has 29 employees and maintains cash reserves of £384.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	8,110,351	5,965,202	8,205,769	11,969,165	8,402,492	14,073,960	17,594,658	5,509,585	11,567,597	16,320,778	8,105,233
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,082,484	4,413,955	6,001,958	8,602,876	6,069,159	10,138,723	12,592,202	4,033,524	8,406,618	11,855,022	5,807,471
Gross Profit	2,027,867	1,551,247	2,203,811	3,366,289	2,333,333	3,935,238	5,002,457	1,476,061	3,160,978	4,465,756	2,297,762
Admin Expenses	1,801,238	1,265,898	1,781,847	3,013,684	1,946,107	3,721,217	4,651,057	1,725,402	3,045,214	4,277,816	2,260,534
Operating Profit	226,629	285,349	421,964	352,605	387,226	214,021	351,400	-249,341	115,764	187,940	37,228
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	290	1,683	3,155	1,815	2,288	1,321	1,007	1,558	962	645	374
Pre-Tax Profit	226,920	287,032	425,120	354,420	389,514	215,343	352,406	-247,783	116,726	188,585	37,601
Tax	-43,115	-54,536	-80,773	-67,340	-77,903	-43,068	-74,005	0	-28,014	-49,032	-10,528
Profit After Tax	183,805	232,496	344,347	287,080	311,611	172,274	278,401	-247,783	88,712	139,553	27,073
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	183,805	232,496	344,347	287,080	311,611	172,274	278,401	-247,783	88,712	139,553	27,073
Employee Costs	860,628	390,372	352,990	383,461	2,596,539	4,341,052	5,345,809	1,539,721	3,329,216	4,656,896	2,536,830
Number Of Employees	29	13	12	13	79	133	173	50	120	159	96
EBITDA*	241,783	300,724	432,409	366,019	396,206	228,104	373,158	-249,341	147,031	228,409	67,996

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	15,998	23,283	12,992	14,650	9,081	13,722	23,528	39,767	35,859	60,717	61,830
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	52,000	52,000	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	15,998	23,283	12,992	14,650	61,081	65,722	23,528	39,767	35,859	60,717	61,830
Stock & work in progress	0	0	0	0	20,000	0	0	25,000	0	0	19,240
Trade Debtors	538,675	510,502	168,670	676,849	882,889	1,728,586	2,256,110	560,805	1,413,259	1,940,104	968,690
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,084,078	2,396,755	3,955,057	2,935,307	2,208,613	0	0	0	0	0	0
Cash	384,752	196,220	252,672	1,009,492	442,391	472,758	55,663	347,063	276,279	108,462	149,490
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,007,505	3,103,477	4,376,399	4,621,648	3,553,893	2,201,344	2,311,773	932,868	1,689,538	2,048,566	1,137,420
total assets	4,023,503	3,126,760	4,389,391	4,636,298	3,614,974	2,267,066	2,335,301	972,635	1,725,397	2,109,283	1,199,250
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,596,389	1,082,574	2,278,184	3,098,792	1,375,349	1,808,258	2,046,310	958,081	1,464,744	1,933,160	1,150,560
Group/Directors Accounts	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
hp & lease commitments	872	872	0	0	0	0	0	0	0	0	0
other current liabilities	604,235	403,002	708,604	479,185	1,469,744	0	0	0	0	0	0
total current liabilities	2,201,496	1,486,448	2,986,788	3,577,977	2,845,093	1,808,258	2,046,310	958,081	1,464,744	1,933,160	1,150,560
loans	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,181	3,053	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	972	2,269	572	1,197	14,197
provisions	2,255	3,493	1,333	1,398	38	576	2,061	4,728	4,741	8,298	7,418
total long term liabilities	4,436	6,546	1,333	1,398	38	576	3,033	6,997	5,313	9,495	21,615
total liabilities	2,205,932	1,492,994	2,988,121	3,579,375	2,845,131	1,808,834	2,049,343	965,078	1,470,057	1,942,655	1,172,175
net assets	1,817,571	1,633,766	1,401,270	1,056,923	769,843	458,232	285,958	7,557	255,340	166,628	27,075
total shareholders funds	1,817,571	1,633,766	1,401,270	1,056,923	769,843	458,232	285,958	7,557	255,340	166,628	27,075

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	226,629	285,349	421,964	352,605	387,226	214,021	351,400	-249,341	115,764	187,940	37,228
Depreciation	15,154	15,375	10,445	13,414	8,980	14,083	21,758	0	31,267	40,469	30,768
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-43,115	-54,536	-80,773	-67,340	-77,903	-43,068	-74,005	0	-28,014	-49,032	-10,528
Stock	0	0	0	-20,000	20,000	0	-25,000	25,000	0	-19,240	19,240
Debtors	715,496	-1,216,470	511,571	520,654	1,362,916	-527,524	1,695,305	-852,454	-526,845	971,414	968,690
Creditors	513,815	-1,195,610	-820,608	1,723,443	-432,909	-238,052	1,088,229	-506,663	-468,416	782,600	1,150,560
Accruals and Deferred Income	201,233	-305,602	229,419	-990,559	1,469,744	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,238	2,160	-65	1,360	-538	-1,485	-2,667	-13	-3,557	880	7,418
Cash flow from operations	196,982	-36,394	-751,189	532,269	-28,316	473,023	-285,590	71,437	173,889	10,683	227,516
Investing Activities
capital expenditure	-7,869	-25,666	-8,787	-18,983	-4,339	-4,277	-5,519	-3,908	-6,409	-39,356	-92,598
Change in Investments	0	0	0	-52,000	0	52,000	0	0	0	0	0
cash flow from investments	-7,869	-25,666	-8,787	33,017	-4,339	-56,277	-5,519	-3,908	-6,409	-39,356	-92,598
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	-872	3,925	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-972	-1,297	1,697	-625	-13,000	14,197
share issue	0	0	0	0	0	0	0	0	0	0	2
interest	290	1,683	3,155	1,815	2,288	1,321	1,007	1,558	962	645	374
cash flow from financing	-582	5,608	3,155	1,815	2,288	349	-290	3,255	337	-12,355	14,573
cash and cash equivalents
cash	188,532	-56,452	-756,820	567,101	-30,367	417,095	-291,400	70,784	167,817	-41,028	149,490
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	188,532	-56,452	-756,820	567,101	-30,367	417,095	-291,400	70,784	167,817	-41,028	149,490

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LATERAL CONCEPTS LTD group structure

Lateral Concepts Ltd has no subsidiary companies.

Ultimate parent company

LATERAL CONCEPTS LTD

03192443

LATERAL CONCEPTS LTD Shareholders

stephen butcher	70%
jason weekes	15%
nicky westphal	15%

Lateral Concepts Ltd currently has 4 directors. The longest serving directors include Mr Stephen Butcher (Sep 1996) and Mr Jason Weekes (Jul 2009).

officer	country	age	start	end	role
Mr Stephen Butcher		56 years	Sep 1996	-	Director
Mr Jason Weekes	England	52 years	Jul 2009	-	Director
Ms Nicola Westphal	England	61 years	Jul 2009	-	Director
Mr Simon Facey	England	52 years	Mar 2019	-	Director

P&L

April 2020

turnover

8.1m

+36%

operating profit

226.6k

gross margin

25.1%

-3.85%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2020

net assets

1.8m

+0.11%

total assets

+0.29%

cash

384.8k

+0.96%

net assets

Total assets minus all liabilities

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company number

03192443

Type

Private limited with Share Capital

industry

81100 - Combined facilities support activities

43390 - Other building completion and finishing

incorporation date

April 1996

ultimate parent company

None

previous names

lateral conceptions ltd (November 2008)

strivewood enterprises limited (February 1997)

address

unit 31927, lytchett house, 13 f, wareham road, poole, dorset, BH16 6FA

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 lateral concepts ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

lateral concepts ltd Company Information

lateral concepts ltd Estimated Valuation

lateral concepts ltd Estimated Valuation

lateral concepts ltd Estimated Valuation

Lateral Concepts Ltd Overview

Lateral Concepts Ltd Health Check

LATERAL CONCEPTS LTD financials

lateral concepts ltd Credit Report and Business Information

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lateral concepts ltd Ownership

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