Labtec (services) Limited

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labtec (services) limited Company Information

Live

MatureSmallHealthy

Company Number

03292144

Website

www.labtec.plus.com

Registered Address

white house wollaton street, nottingham, nottinghamshire, NG1 5GF

Industry

Manufacture of pumps

Telephone

01670351144

Next Accounts Due

September 2024

Group Structure

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Directors

Franco Ciaurro17 Years

Shareholders

cema group limited 100%

labtec (services) limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of LABTEC (SERVICES) LIMITED at £2.4m based on a Turnover of £3.5m and 0.68x industry multiple (adjusted for size and gross margin).

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Labtec (services) Limited is a live company located in nottinghamshire, NG1 5GF with a Companies House number of 03292144. It operates in the manufacture of pumps sector, SIC Code 28131. Founded in December 1996, it's largest shareholder is cema group limited with a 100% stake. Labtec (services) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Labtec (Services) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£17.9m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (1.3%)

EXPORT

Labtec (Services) Limited's latest turnover from December 2022 is estimated at £3.5 million and the company has net assets of -£325.7 thousand. According to their latest financial statements, Labtec (Services) Limited has 19 employees and maintains cash reserves of £3.3 thousand 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	3,479,357	2,527,143	2,578,826	2,523,420	2,618,918	2,352,618	2,746,697	3,683,512	2,872,605	2,796,772	2,793,155	4,198,595	2,061,071	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,544,214	1,833,998	1,870,188	1,775,499	1,785,005	1,595,837	1,887,666	2,544,841	1,965,833	1,982,882	2,004,956	2,988,791	1,454,080	0
Gross Profit	935,144	693,145	708,639	747,921	833,914	301,633	301,121	341,441	906,772	813,890	788,199	1,209,804	606,991	0
Admin Expenses	956,166	600,456	558,722	671,545	784,237	287,423	269,677	261,744	829,085	853,870	774,273	1,225,933	904,752	369,089
Operating Profit	-21,022	92,689	149,917	76,376	49,677	14,210	31,444	79,697	77,687	-39,980	13,926	-16,129	-297,761	-369,089
Interest Payable	0	0	0	0	0	12,434	32,459	32,000	0	0	0	0	0	0
Interest Receivable	345	24	2	81	79	0	0	0	12	0	95	337	241	0
Pre-Tax Profit	-20,677	92,712	149,919	76,457	49,756	1,776	-1,015	47,697	77,699	-39,980	14,021	-15,792	-297,520	-369,089
Tax	0	-17,615	-28,485	-14,527	-9,454	-1,954	0	0	-16,317	0	-3,365	0	0	0
Profit After Tax	-20,677	75,097	121,434	61,930	40,302	-178	-1,015	47,697	61,382	-39,980	10,656	-15,792	-297,520	-369,089
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-20,677	75,097	121,434	61,930	40,302	-178	-1,015	47,697	61,382	-39,980	10,656	-15,792	-297,520	-369,089
Employee Costs	981,685	877,035	796,204	798,801	786,763	399,574	385,892	642,789	579,038	583,750	613,348	906,092	480,432	0
Number Of Employees	19	18	17	17	17	18	16	16	15	15	16	24	13	0
EBITDA*	-10,241	107,743	165,579	95,174	54,662	23,979	44,565	84,922	84,812	-33,597	22,546	-3,873	-284,058	-356,618

* 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	21,865	32,646	35,487	43,723	13,661	19,467	29,236	14,279	17,332	17,289	22,242	31,282	34,838	32,541
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0
Total Fixed Assets	21,865	32,646	35,487	43,723	13,661	19,467	29,236	14,279	17,332	17,289	22,242	31,282	34,838	32,541
Stock & work in progress	19,148	47,785	53,727	44,629	41,741	51,219	40,264	29,174	27,023	31,823	50,000	51,231	46,786	108,357
Trade Debtors	592,526	268,456	277,457	287,546	367,602	265,863	394,029	660,227	452,469	424,272	485,647	833,308	281,577	592,047
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	3,251	16,457	2,554	773	20,801	244	27	0	4,719	16	4	38,138	96,502	36
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	614,925	332,698	333,738	332,948	430,144	317,326	434,320	689,401	484,211	456,111	535,651	922,677	424,865	700,440
total assets	636,790	365,344	369,225	376,671	443,805	336,793	463,556	703,680	501,543	473,400	557,893	953,959	459,703	732,981
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	959,623	660,323	731,088	846,808	1,003,477	931,812	1,052,889	1,292,059	1,097,619	1,090,858	1,093,048	1,452,800	902,378	843,870
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	959,623	660,323	731,088	846,808	1,003,477	931,812	1,052,889	1,292,059	1,097,619	1,090,858	1,093,048	1,452,800	902,378	843,870
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	4,561	13,066	24,528	3,213	8,720	14,228	14,167	54,167	94,167	136,490	183,460	223,834	258,100
provisions	2,820	5,436	5,144	6,842	552	0	0	0	0	0	0	0	0	0
total long term liabilities	2,820	9,997	18,210	31,370	3,765	8,720	14,228	14,167	54,167	94,167	136,490	183,460	223,834	258,100
total liabilities	962,443	670,320	749,298	878,178	1,007,242	940,532	1,067,117	1,306,226	1,151,786	1,185,025	1,229,538	1,636,260	1,126,212	1,101,970
net assets	-325,653	-304,976	-380,073	-501,507	-563,437	-603,739	-603,561	-602,546	-650,243	-711,625	-671,645	-682,301	-666,509	-368,989
total shareholders funds	-325,653	-304,976	-380,073	-501,507	-563,437	-603,739	-603,561	-602,546	-650,243	-711,625	-671,645	-682,301	-666,509	-368,989

	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	-21,022	92,689	149,917	76,376	49,677	14,210	31,444	79,697	77,687	-39,980	13,926	-16,129	-297,761	-369,089
Depreciation	10,781	15,054	15,662	18,798	4,985	9,769	13,121	5,225	7,125	6,383	8,620	12,256	13,703	12,471
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-17,615	-28,485	-14,527	-9,454	-1,954	0	0	-16,317	0	-3,365	0	0	0
Stock	-28,637	-5,942	9,098	2,888	-9,478	10,955	11,090	2,151	-4,800	-18,177	-1,231	4,445	-61,571	108,357
Debtors	324,070	-9,001	-10,089	-80,056	101,739	-128,166	-266,198	207,758	28,197	-61,375	-347,661	551,731	-310,470	592,047
Creditors	299,300	-70,765	-115,720	-156,669	71,665	-121,077	-239,170	194,440	6,761	-2,190	-359,752	550,422	58,508	843,870
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,616	292	-1,698	6,290	552	0	0	0	0	0	0	0	0	0
Cash flow from operations	-8,990	34,598	20,667	7,436	25,164	18,159	60,503	69,453	51,859	43,765	8,321	-9,627	146,491	-213,152
Investing Activities
capital expenditure	0	-12,213	-7,426	-48,860	821	0	-28,078	-2,172	-7,168	-1,430	420	-8,700	-16,000	-45,012
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-12,213	-7,426	-48,860	821	0	-28,078	-2,172	-7,168	-1,430	420	-8,700	-16,000	-45,012
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,561	-8,505	-11,462	21,315	-5,507	-5,508	61	-40,000	-40,000	-42,323	-46,970	-40,374	-34,266	258,100
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	345	24	2	81	79	-12,434	-32,459	-32,000	12	0	95	337	241	0
cash flow from financing	-4,216	-8,481	-11,460	21,396	-5,428	-17,942	-32,398	-72,000	-39,988	-42,323	-46,875	-40,037	-34,025	258,200
cash and cash equivalents
cash	-13,206	13,903	1,781	-20,028	20,557	217	27	-4,719	4,703	12	-38,134	-58,364	96,466	36
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-13,206	13,903	1,781	-20,028	20,557	217	27	-4,719	4,703	12	-38,134	-58,364	96,466	36

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LABTEC (SERVICES) LIMITED group structure

Labtec (Services) Limited has no subsidiary companies.

Ultimate parent company

CEMA GROUP LTD

09874998

1 parent

LABTEC (SERVICES) LIMITED

03292144

LABTEC (SERVICES) LIMITED Shareholders

cema group limited

100%

Labtec (Services) Limited currently has 1 director, Mr Franco Ciaurro serving since Dec 2006.

officer	country	age	start	end	role
Mr Franco Ciaurro		69 years	Dec 2006	-	Director

P&L

December 2022

turnover

3.5m

+38%

operating profit

-21k

gross margin

26.9%

-2.01%

turnover

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

Balance Sheet

December 2022

net assets

-325.7k

+0.07%

total assets

636.8k

+0.74%

cash

3.3k

-0.8%

net assets

Total assets minus all liabilities

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company number

03292144

Type

Private limited with Share Capital

industry

28131 - Manufacture of pumps

incorporation date

December 1996

age

accounts

Small Company

ultimate parent company

CEMA GROUP LTD

previous names

N/A

incorporated

address

white house wollaton street, nottingham, nottinghamshire, NG1 5GF

last accounts submitted

December 2022

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.

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labtec (services) limited Company Information

labtec (services) limited Estimated Valuation

labtec (services) limited Estimated Valuation

labtec (services) limited Estimated Valuation

Labtec (services) Limited Overview

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LABTEC (SERVICES) LIMITED financials

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