Ltc Group87 Ltd

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ltc group87 ltd Company Information

Company Number

03418211

Next Accounts

May 2025

Directors

Trevor Chinn

Michael Burr

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Shareholders

trevor patrick chinn

robert alexander wills

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Group Structure

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Industry

Scaffold erection

Registered Address

wixenford depot, colesdown hill, plymouth, devon, PL9 8AA

Website

www.ltcaccess.co.uk

ltc group87 ltd Estimated Valuation

£20.4m

Pomanda estimates the enterprise value of LTC GROUP87 LTD at £20.4m based on an EBITDA of £3.6m and a 5.75x industry multiple (adjusted for size and gross margin).

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Ltc Group87 Ltd is a live company located in plymouth, PL9 8AA with a Companies House number of 03418211. It operates in the scaffold erection sector, SIC Code 43991. Founded in August 1997, it's largest shareholder is trevor patrick chinn with a 78.9% stake. Ltc Group87 Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £10.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ltc Group87 Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

1 Weak

Size

annual sales of £10.7m, make it larger than the average company (£1m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.6%)

EXPORT

Ltc Group87 Ltd's latest turnover from August 2023 is £10.7 million and the company has net assets of £7.6 million. According to their latest financial statements, Ltc Group87 Ltd has 134 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	10,675,807	9,510,524	8,577,515	7,926,194	8,599,194	7,814,807	7,406,050	7,174,155	8,108,697	6,325,906	5,333,389	5,283,497	5,235,251	4,270,134	3,815,008
Other Income Or Grants
Cost Of Sales	4,823,351	4,274,985	4,198,684	4,466,219	4,277,618	4,167,419	4,250,540	3,992,868	3,776,705	3,102,237	2,686,440	2,931,574	2,964,746	2,445,485	2,116,888
Gross Profit	5,852,456	5,235,539	4,378,831	3,459,975	4,321,576	3,647,388	3,155,510	3,181,287	4,331,992	3,223,669	2,646,949	2,351,923	2,270,505	1,824,649	1,698,120
Admin Expenses	3,028,128	2,895,890	2,361,492	2,084,348	2,608,207	2,441,933	2,230,349	2,055,908	2,423,935	1,943,699	1,862,936	1,954,128	1,497,362	1,386,180	1,410,425
Operating Profit	2,824,328	2,339,649	2,017,339	1,375,627	1,713,369	1,205,455	925,161	1,125,379	1,908,057	1,279,970	784,013	397,795	773,143	438,469	287,695
Interest Payable	98,368	69,125	68,937	81,911	101,035	95,008	97,713	107,792	100,088	65,225	82,853	90,284	61,565	56,525	62,917
Interest Receivable	80,472	7,878	2,595	11,193	7,980	3,756	5,174	10,261	4,471	3,125	7,746	5,098	4,298	5,920	8,955
Pre-Tax Profit	2,806,432	2,278,402	1,950,997	1,304,909	1,620,314	1,114,203	832,622	1,027,848	1,812,440	1,217,870	708,906	312,609	715,876	387,864	233,733
Tax	-610,390	-590,897	-367,756	-260,587	-312,997	-227,525	-144,469	-188,467	-378,182	-238,014	-150,795	-49,892	-159,737	-91,869	-50,139
Profit After Tax	2,196,042	1,687,505	1,583,241	1,044,322	1,307,317	886,678	688,153	839,381	1,434,258	979,856	558,111	262,717	556,139	295,995	183,594
Dividends Paid	1,850,001	1,755,003	1,775,000	624,999	425,000	375,000	500,001	750,000	159,093	340,908	125,000	125,000	125,000	250,000	250,000
Retained Profit	346,041	-67,498	-191,759	419,323	882,317	511,678	188,152	89,381	1,275,165	638,948	433,111	137,717	431,139	45,995	-66,406
Employee Costs	5,104,504	4,609,326	4,400,528	4,768,717	4,611,896	4,350,856	4,216,691	3,855,584	3,801,201	3,356,846	3,042,222	3,420,071	3,079,175	2,575,623	2,338,076
Number Of Employees	134	126	125	147	145	140	142	130	143	138	128	127	134	118	116
EBITDA*	3,550,722	3,024,017	2,690,774	2,114,773	2,431,845	1,989,988	1,789,918	2,054,890	2,802,660	1,914,970	1,253,153	852,966	1,193,130	816,802	685,849

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	7,446,761	7,120,385	6,895,902	7,246,424	7,541,176	6,699,963	6,528,663	6,783,908	7,047,113	5,626,892	4,078,413	3,984,893	3,554,087	3,325,125	3,182,459
Intangible Assets
Investments & Other							286,071	286,071	286,071	286,071	286,071	284,471	482,321	482,321	482,321
Debtors (Due After 1 year)
Total Fixed Assets	7,446,761	7,120,385	6,895,902	7,246,424	7,541,176	6,699,963	6,814,734	7,069,979	7,333,184	5,912,963	4,364,484	4,269,364	4,036,408	3,807,446	3,664,780
Stock & work in progress
Trade Debtors	1,742,105	1,717,272	1,804,424	1,711,509	1,591,305	1,583,037	1,474,337	1,083,308	1,532,340	1,266,547	1,100,535	1,132,658	1,199,267	830,328	474,301
Group Debtors
Misc Debtors	219,957	221,117	200,828	206,579	193,327	170,222	185,160	149,580	146,613	134,242	119,525	135,165	99,346	95,675	87,365
Cash	3,068,938	2,680,909	2,572,844	3,228,332	2,358,587	1,315,642	1,343,329	1,877,163	2,456,152	1,345,164	1,163,568	623,718	516,595	348,648	739,977
misc current assets
total current assets	5,031,000	4,619,298	4,578,096	5,146,420	4,143,219	3,068,901	3,002,826	3,110,051	4,135,105	2,745,953	2,383,628	1,891,541	1,815,208	1,274,651	1,301,643
total assets	12,477,761	11,739,683	11,473,998	12,392,844	11,684,395	9,768,864	9,817,560	10,180,030	11,468,289	8,658,916	6,748,112	6,160,905	5,851,616	5,082,097	4,966,423
Bank overdraft		174,292	174,292	174,292	174,292	49,844	49,844
Bank loan								49,844	49,844	49,844	43,024	68,732	84,247	67,167	67,167
Trade Creditors	2,047,245	250,099	210,489	221,440	241,983	174,857	256,515	155,181	350,584	334,334	306,775	183,031	166,923	188,094	194,521
Group/Directors Accounts
other short term finances
hp & lease commitments		213,522	161,055	209,174	396,434	644,885	823,989	892,516	896,573	571,344	358,579	294,046	288,480	279,627	249,915
other current liabilities		1,027,518	1,137,188	1,508,320	945,421	860,385	956,039	846,010	1,235,866	724,311	570,984	624,117	682,681	434,057	369,542
total current liabilities	2,047,245	1,665,431	1,683,024	2,113,226	1,758,130	1,729,971	2,086,387	1,943,551	2,532,867	1,679,833	1,279,362	1,169,926	1,222,331	968,945	881,145
loans		1,534,798	1,683,090	1,834,120	1,930,362	992,760	673,230	728,565	780,618	831,211	701,567	1,004,784	739,827	631,978	699,145
hp & lease commitments		482,037	286,079	440,985	422,783	449,925	969,661	1,582,409	2,313,563	1,467,810	778,627	443,188	461,318	469,173	435,377
Accruals and Deferred Income
other liabilities	1,920,676
provisions	947,869	841,487	538,382	529,331	517,261	422,666	426,418	451,793	456,910	370,896	318,338	305,900	328,750	343,750	328,500
total long term liabilities	2,868,545	2,858,322	2,507,551	2,804,436	2,870,406	1,865,351	2,069,309	2,762,767	3,551,091	2,669,917	1,798,532	1,753,872	1,529,895	1,444,901	1,463,022
total liabilities	4,915,790	4,523,753	4,190,575	4,917,662	4,628,536	3,595,322	4,155,696	4,706,318	6,083,958	4,349,750	3,077,894	2,923,798	2,752,226	2,413,846	2,344,167
net assets	7,561,971	7,215,930	7,283,423	7,475,182	7,055,859	6,173,542	5,661,864	5,473,712	5,384,331	4,309,166	3,670,218	3,237,107	3,099,390	2,668,251	2,622,256
total shareholders funds	7,561,971	7,215,930	7,283,423	7,475,182	7,055,859	6,173,542	5,661,864	5,473,712	5,384,331	4,309,166	3,670,218	3,237,107	3,099,390	2,668,251	2,622,256

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	2,824,328	2,339,649	2,017,339	1,375,627	1,713,369	1,205,455	925,161	1,125,379	1,908,057	1,279,970	784,013	397,795	773,143	438,469	287,695
Depreciation	726,394	684,368	673,435	739,146	718,476	784,533	864,757	929,511	894,603	635,000	469,140	455,171	419,987	378,333	398,154
Amortisation
Tax	-610,390	-590,897	-367,756	-260,587	-312,997	-227,525	-144,469	-188,467	-378,182	-238,014	-150,795	-49,892	-159,737	-91,869	-50,139
Stock
Debtors	23,673	-66,863	87,164	133,456	31,373	93,762	426,609	-446,065	278,164	180,729	-47,763	-30,790	372,610	364,337	561,666
Creditors	1,797,146	39,610	-10,951	-20,543	67,126	-81,658	101,334	-195,403	16,250	27,559	123,744	16,108	-21,171	-6,427	194,521
Accruals and Deferred Income	-1,027,518	-109,670	-371,132	562,899	85,036	-95,654	110,029	-389,856	511,555	153,327	-53,133	-58,564	248,624	64,515	369,542
Deferred Taxes & Provisions	106,382	303,105	9,051	12,070	94,595	-3,752	-25,375	-5,117	86,014	52,558	12,438	-22,850	-15,000	15,250	328,500
Cash flow from operations	3,792,669	2,733,028	1,862,822	2,275,156	2,334,232	1,487,637	1,404,828	1,722,112	2,760,133	1,729,671	1,233,170	768,558	873,236	433,934	966,607
Investing Activities
capital expenditure						-722,362	-609,512	-666,306	-2,314,824	-2,183,479	-563,510	-710,952	-648,949	-194,582	-292,008
Change in Investments						-286,071					1,600	-197,850			482,321
cash flow from investments						-436,291	-609,512	-666,306	-2,314,824	-2,183,479	-565,110	-513,102	-648,949	-194,582	-774,329
Financing Activities
Bank loans							-49,844			6,820	-25,708	-15,515	17,080		67,167
Group/Directors Accounts
Other Short Term Loans
Long term loans	-1,534,798	-148,292	-151,030	-96,242	937,602	319,530	-55,335	-52,053	-50,593	129,644	-303,217	264,957	107,849	-67,167	699,145
Hire Purchase and Lease Commitments	-695,559	248,425	-203,025	-169,058	-275,593	-698,840	-681,275	-735,211	1,170,982	901,948	399,972	-12,564	998	63,508	685,292
other long term liabilities	1,920,676
share issue		5							-200,000						2,688,662
interest	-17,896	-61,247	-66,342	-70,718	-93,055	-91,252	-92,539	-97,531	-95,617	-62,100	-75,107	-85,186	-57,267	-50,605	-53,962
cash flow from financing	-327,577	38,891	-420,397	-336,018	568,954	-470,562	-878,993	-884,795	824,772	976,312	-4,060	151,692	68,660	-54,264	4,086,304
cash and cash equivalents
cash	388,029	108,065	-655,488	869,745	1,042,945	-27,687	-533,834	-578,989	1,110,988	181,596	539,850	107,123	167,947	-391,329	739,977
overdraft	-174,292				124,448		49,844
change in cash	562,321	108,065	-655,488	869,745	918,497	-27,687	-583,678	-578,989	1,110,988	181,596	539,850	107,123	167,947	-391,329	739,977

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LTC GROUP87 LTD group structure

Ltc Group87 Ltd has 3 subsidiary companies.

Ultimate parent company

LTC GROUP87 LTD

03418211

3 subsidiaries

LTC POWERED ACCESS LTD

10738156

LTC SPECIALIST SCAFFOLDING LIMITED

06728315

LTC TRAINING SERVICES LTD

10738093

LTC GROUP87 LTD Shareholders

trevor patrick chinn	78.95%
robert alexander wills	10.53%
michael richard burr	10.53%

Ltc Group87 Ltd currently has 3 directors. The longest serving directors include Mr Trevor Chinn (Aug 1997) and Mr Michael Burr (Dec 1999).

officer	country	age	start	end	role
Mr Trevor Chinn	England	65 years	Aug 1997	-	Director
Mr Michael Burr		55 years	Dec 1999	-	Director
Mr Robert Wills	England	52 years	Dec 2008	-	Director

P&L

August 2023

turnover

10.7m

+12%

operating profit

2.8m

+21%

gross margin

54.9%

-0.42%

turnover

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

Balance Sheet

August 2023

net assets

7.6m

+0.05%

total assets

12.5m

+0.06%

cash

3.1m

+0.14%

net assets

Total assets minus all liabilities

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company number

03418211

Type

Private limited with Share Capital

industry

43991 - Scaffold erection

incorporation date

August 1997

ultimate parent company

None

previous names

l t c specialist scaffolding limited (October 2008)

address

wixenford depot, colesdown hill, plymouth, devon, PL9 8AA

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 17 charges/mortgages relating to ltc group87 ltd. Currently there are 5 open charges and 12 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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ltc group87 ltd Company Information

ltc group87 ltd Estimated Valuation

ltc group87 ltd Estimated Valuation

ltc group87 ltd Estimated Valuation

Ltc Group87 Ltd Overview

Ltc Group87 Ltd Health Check

LTC GROUP87 LTD financials

ltc group87 ltd Credit Report and Business Information

Ltc Group87 Ltd Competitor Analysis

ltc group87 ltd Ownership

ltc group87 ltd directors

ltc group87 ltd company details

ltc group87 ltd Charges & Mortgages

ltc group87 ltd Capital Raised & Share Issues BETA

ltc group87 ltd Companies House Filings - See Documents