Lingwood Food Services Limited

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lingwood food services limited Company Information

Live

MatureSmallHigh

Company Number

03295706

Website

www.lingwood.net

Registered Address

units 7, 8 & 9, tomo business park, stowmarket, suffolk, IP14 5EP

Industry

Other manufacturing n.e.c.

Telephone

01449771202

Next Accounts Due

September 2025

Group Structure

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Directors

Ian Hope24 Years

Mark Damant7 Years

View All

Shareholders

lingwood holdings 2011 ltd 100%

lingwood food services limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of LINGWOOD FOOD SERVICES LIMITED at £1.7m based on Net Assets of £917k and 1.86x industry multiple (adjusted for liquidity).

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Lingwood Food Services Limited is a live company located in stowmarket, IP14 5EP with a Companies House number of 03295706. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in December 1996, it's largest shareholder is lingwood holdings 2011 ltd with a 100% stake. Lingwood Food Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£14.4m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.6%)

EXPORT

Lingwood Food Services Limited's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £917 thousand. According to their latest financial statements, Lingwood Food Services Limited has 12 employees and maintains cash reserves of £623.1 thousand 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	1,402,004	2,564,172	2,262,487	859,165	1,028,152	906,317	972,449	1,008,956	1,957,355	2,071,349	1,944,809	1,293,216	1,239,386	1,469,086	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	987,049	1,807,092	1,599,411	613,859	726,184	636,353	669,778	691,502	1,343,159	1,426,745	1,333,776	889,042	847,682	1,003,039	0
Gross Profit	414,955	757,080	663,076	245,307	301,968	269,964	302,671	317,454	614,196	644,604	611,033	404,174	391,703	466,047	0
Admin Expenses	1,071,684	-337,799	643,138	265,484	310,853	406,169	170,364	319,461	620,008	600,960	506,082	392,756	180,892	228,253	-217,939
Operating Profit	-656,729	1,094,879	19,938	-20,177	-8,885	-136,205	132,307	-2,007	-5,812	43,644	104,951	11,418	210,811	237,794	217,939
Interest Payable	3,484	3,959	3,021	1,525	0	0	0	0	0	0	9	214	611	975	569
Interest Receivable	53,656	67,824	3,530	406	2,453	3,375	2,726	1,194	3,502	4,113	2,940	3,116	3,331	1,649	233
Pre-Tax Profit	-606,556	1,158,744	20,447	-21,296	-6,432	-132,830	135,033	-813	-2,310	47,757	107,882	14,320	213,531	238,468	217,603
Tax	0	-220,161	-3,885	0	0	0	-25,656	0	0	-10,029	-24,813	-3,437	-55,518	-66,771	-60,929
Profit After Tax	-606,556	938,583	16,562	-21,296	-6,432	-132,830	109,377	-813	-2,310	37,728	83,069	10,883	158,013	171,697	156,674
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-606,556	938,583	16,562	-21,296	-6,432	-132,830	109,377	-813	-2,310	37,728	83,069	10,883	158,013	171,697	156,674
Employee Costs	502,218	441,496	389,364	377,165	332,826	363,586	420,935	443,026	468,103	494,576	444,121	315,905	311,935	362,156	0
Number Of Employees	12	11	10	10	9	10	12	13	14	15	14	10	10	12	0
EBITDA*	-617,870	1,128,432	40,844	647	11,936	-98,450	169,851	-2,007	47,981	76,621	145,189	57,251	244,919	265,798	261,383

* 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	152,746	74,698	38,969	29,867	50,191	34,253	71,668	68,238	93,559	115,186	88,044	70,690	104,572	60,313	50,277
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	19,905	0	0	0	0	95	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	0
Total Fixed Assets	172,651	74,698	38,969	29,867	50,191	34,348	71,668	68,238	93,559	115,186	88,044	70,690	104,572	60,313	50,277
Stock & work in progress	309,887	305,204	149,811	116,457	135,895	111,333	95,026	82,449	84,684	76,129	85,777	84,774	82,808	100,423	111,388
Trade Debtors	194,231	586,160	637,300	143,776	231,321	173,062	134,819	179,652	418,891	264,565	317,976	232,335	121,024	184,103	119,093
Group Debtors	50,000	50,000	33,833	183,833	183,833	183,833	183,833	183,833	0	0	0	0	0	0	0
Misc Debtors	90,169	202,422	21,165	21,019	19,986	20,010	21,462	27,928	0	0	0	0	0	0	28,750
Cash	623,082	1,523,162	2,352,507	471,549	341,028	313,026	586,868	503,474	451,472	949,190	695,833	480,215	766,076	566,437	93,168
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,267,369	2,666,948	3,194,616	936,634	912,063	801,264	1,022,008	977,336	955,047	1,289,884	1,099,586	797,324	969,908	850,963	352,399
total assets	1,440,020	2,741,646	3,233,585	966,501	962,254	835,612	1,093,676	1,045,574	1,048,606	1,405,070	1,187,630	868,014	1,074,480	911,276	402,676
Bank overdraft	10,000	10,000	10,000	4,167	0	0	0	0	0	0	0	283	6,026	5,812	5,606
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	140,279	418,890	247,675	43,276	40,167	45,076	145,583	74,114	370,503	719,467	554,389	317,317	503,482	525,775	188,151
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	16,296	32,362	26,588	21,584	23,704	27,968	33,161	17,430	17,995
other current liabilities	315,981	748,690	2,354,269	294,051	305,752	188,634	183,055	299,361	0	0	0	0	0	0	0
total current liabilities	466,260	1,177,580	2,611,944	341,494	345,919	233,710	344,934	405,837	397,091	741,051	578,093	345,568	542,669	549,017	211,752
loans	16,669	26,669	36,669	45,833	0	0	0	0	0	0	0	0	271	6,688	11,894
hp & lease commitments	40,092	13,842	0	9,391	21,913	5,764	14,223	10,922	25,991	31,406	15,837	19,891	37,139	22,550	17,706
Accruals and Deferred Income	0	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	0	0	0	0
provisions	0	0	0	1,373	4,716	0	5,551	9,224	5,120	9,899	8,714	638	3,367	0	0
total long term liabilities	56,761	40,511	36,669	56,597	26,629	5,764	19,774	20,146	31,111	41,305	24,551	20,529	40,777	29,238	29,600
total liabilities	523,021	1,218,091	2,648,613	398,091	372,548	239,474	364,708	425,983	428,202	782,356	602,644	366,097	583,446	578,255	241,352
net assets	916,999	1,523,555	584,972	568,410	589,706	596,138	728,968	619,591	620,404	622,714	584,986	501,917	491,034	333,021	161,324
total shareholders funds	916,999	1,523,555	584,972	568,410	589,706	596,138	728,968	619,591	620,404	622,714	584,986	501,917	491,034	333,021	161,324

	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	-656,729	1,094,879	19,938	-20,177	-8,885	-136,205	132,307	-2,007	-5,812	43,644	104,951	11,418	210,811	237,794	217,939
Depreciation	38,859	33,553	20,906	20,824	20,821	37,755	37,544	0	53,793	32,977	40,238	45,833	34,108	28,004	43,444
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-220,161	-3,885	0	0	0	-25,656	0	0	-10,029	-24,813	-3,437	-55,518	-66,771	-60,929
Stock	4,683	155,393	33,354	-19,438	24,562	16,307	12,577	-2,235	8,555	-9,648	1,003	1,966	-17,615	-10,965	111,388
Debtors	-504,182	146,284	343,670	-86,512	58,235	36,791	-51,299	-27,478	154,326	-53,411	85,641	111,311	-63,079	36,260	147,843
Creditors	-278,611	171,215	204,399	3,109	-4,909	-100,507	71,469	-296,389	-348,964	165,078	237,072	-186,165	-22,293	337,624	188,151
Accruals and Deferred Income	-432,709	-1,605,579	2,060,218	-11,701	117,118	5,579	-116,306	299,361	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-1,373	-3,343	4,716	-5,551	-3,673	4,104	-4,779	1,185	8,076	-2,729	3,367	0	0
Cash flow from operations	-829,691	-827,770	1,923,179	94,662	46,064	-252,027	134,407	34,782	-468,643	295,914	278,880	-248,357	251,169	511,356	129,374
Investing Activities
capital expenditure	-116,907	-69,282	-30,008	-500	-36,759	-340	-40,974	25,321	-32,166	-60,119	-57,592	-11,951	-78,367	-38,040	-93,721
Change in Investments	19,905	0	0	0	-95	95	0	0	0	0	0	0	0	0	0
cash flow from investments	-136,812	-69,282	-30,008	-500	-36,664	-435	-40,974	25,321	-32,166	-60,119	-57,592	-11,951	-78,367	-38,040	-93,721
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	-9,164	45,833	0	0	0	0	0	0	0	-271	-6,417	-5,206	11,894
Hire Purchase and Lease Commitments	26,250	13,842	-9,391	-12,522	16,149	-24,755	-12,765	-9,295	-411	13,449	-8,318	-22,441	30,320	4,279	35,701
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,650
interest	50,172	63,865	509	-1,119	2,453	3,375	2,726	1,194	3,502	4,113	2,931	2,902	2,720	674	-336
cash flow from financing	66,422	67,707	-18,046	32,192	18,602	-21,380	-10,039	-8,101	3,091	17,562	-5,387	-19,810	26,623	-253	51,909
cash and cash equivalents
cash	-900,080	-829,345	1,880,958	130,521	28,002	-273,842	83,394	52,002	-497,718	253,357	215,618	-285,861	199,639	473,269	93,168
overdraft	0	0	5,833	4,167	0	0	0	0	0	0	-283	-5,743	214	206	5,606
change in cash	-900,080	-829,345	1,875,125	126,354	28,002	-273,842	83,394	52,002	-497,718	253,357	215,901	-280,118	199,425	473,063	87,562

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LINGWOOD FOOD SERVICES LIMITED group structure

Lingwood Food Services Limited has no subsidiary companies.

Ultimate parent company

LINGWOOD HOLDINGS 2011 LIMITED

07599495

1 parent

LINGWOOD FOOD SERVICES LIMITED

03295706

LINGWOOD FOOD SERVICES LIMITED Shareholders

lingwood holdings 2011 ltd

100%

Lingwood Food Services Limited currently has 4 directors. The longest serving directors include Mr Ian Hope (Oct 1999) and Mr Mark Damant (Oct 2016).

officer	country	age	start	end	role
Mr Ian Hope	United Kingdom	59 years	Oct 1999	-	Director
Mr Mark Damant	United Kingdom	53 years	Oct 2016	-	Director
Mr Connor Ashton	England	29 years	Jan 2024	-	Director
Mr David Burgess	England	48 years	Jan 2024	-	Director

P&L

December 2023

turnover

1.4m

-45%

operating profit

-656.7k

gross margin

29.6%

+0.24%

turnover

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

Balance Sheet

December 2023

net assets

917k

-0.4%

total assets

1.4m

-0.47%

cash

623.1k

-0.59%

net assets

Total assets minus all liabilities

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company number

03295706

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

December 1996

accounts

Total Exemption Full

ultimate parent company

LINGWOOD HOLDINGS 2011 LIMITED

previous names

N/A

last accounts submitted

December 2023

address

units 7, 8 & 9, tomo business park, stowmarket, suffolk, IP14 5EP

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 2 charges/mortgages relating to lingwood food services limited. Currently there are 1 open charges and 1 have been satisfied in the past.

lingwood food services limited Company Information

lingwood food services limited Estimated Valuation

lingwood food services limited Estimated Valuation

lingwood food services limited Estimated Valuation

Lingwood Food Services Limited Overview

Lingwood Food Services Limited Health Check

LINGWOOD FOOD SERVICES LIMITED financials

lingwood food services limited Credit Report and Business Information

Lingwood Food Services Limited Competitor Analysis

lingwood food services limited Ownership

lingwood food services limited directors

lingwood food services limited company details

lingwood food services limited Charges & Mortgages

lingwood food services limited Companies House Filings - See Documents