Lornford Construction Limited

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lornford construction limited Company Information

Company Number

03431731

Next Accounts

May 2026

Directors

Lorne Pilip

Mark Shallcross

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Shareholders

argyle construction (holdings) ltd

Group Structure

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Industry

Construction of other civil engineering projects n.e.c.

Registered Address

47 gibfield park avenue, atherton, manchester, M46 0SY

Website

www.lornfordconstructionltd.co.uk

lornford construction limited Estimated Valuation

£5.5m

Pomanda estimates the enterprise value of LORNFORD CONSTRUCTION LIMITED at £5.5m based on Net Assets of £2.9m and 1.93x industry multiple (adjusted for liquidity).

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Lornford Construction Limited is a live company located in manchester, M46 0SY with a Companies House number of 03431731. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in September 1997, it's largest shareholder is argyle construction (holdings) ltd with a 100% stake. Lornford Construction Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Lornford Construction Limited a 4.5 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 Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £8.1m, make it smaller than the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (10%)

EXPORT

Lornford Construction Limited's latest turnover from August 2024 is estimated at £8.1 million and the company has net assets of £2.9 million. According to their latest financial statements, Lornford Construction Limited has 29 employees and maintains cash reserves of £937.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	8,145,469	7,719,638	7,377,518	5,743,010	6,615,644	6,981,096	7,611,126	6,901,244	5,703,152	4,613,585	3,477,523	2,099,538	2,546,020	2,941,560	2,419,798
Other Income Or Grants
Cost Of Sales	6,593,165	6,338,426	6,157,987	4,823,944	5,519,369	5,789,296	6,214,722	5,532,662	4,598,236	3,773,397	2,860,742	1,712,860	2,004,477	2,326,784	1,868,360
Gross Profit	1,552,304	1,381,212	1,219,532	919,066	1,096,275	1,191,800	1,396,404	1,368,582	1,104,916	840,188	616,781	386,679	541,543	614,775	551,438
Admin Expenses	3,960,386	534,568	258,230	20,325	813,287	450,725	607,493	691,556	780,408	580,924	554,405	434,427	552,603	649,122	439,733	-453,847
Operating Profit	-2,408,082	846,644	961,302	898,741	282,988	741,075	788,911	677,026	324,508	259,264	62,376	-47,748	-11,060	-34,347	111,705	453,847
Interest Payable
Interest Receivable	109,385	153,108	47,254	1,431	846	4,519	3,514	568	214	317	307	295	282	442	277	24
Pre-Tax Profit	-2,298,697	999,752	1,008,557	900,172	283,835	745,594	792,425	677,594	324,723	259,581	62,682	-47,453	-10,778	-33,905	111,982	453,871
Tax		-249,938	-191,626	-171,033	-53,929	-141,663	-150,561	-128,743	-64,944	-51,916	-13,163				-31,355	-127,084
Profit After Tax	-2,298,697	749,814	816,931	729,139	229,906	603,931	641,864	548,851	259,778	207,665	49,519	-47,453	-10,778	-33,905	80,627	326,787
Dividends Paid
Retained Profit	-2,298,697	749,814	816,931	729,139	229,906	603,931	641,864	548,851	259,778	207,665	49,519	-47,453	-10,778	-33,905	80,627	326,787
Employee Costs	1,537,283	1,519,226	968,592	458,974	455,224	431,433	953,214	926,165	858,077	961,417	697,842	466,105	593,753	759,684	639,298
Number Of Employees	29	30	20	10	10	10	22	23	22	25	19	13	17	22	19
EBITDA*	-2,362,510	899,694	1,010,199	959,803	327,975	779,872	834,981	708,244	334,091	268,841	66,797	-44,328	-5,894	-29,097	119,555	460,605

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	116,627	130,795	156,581	116,381	97,043	109,840	139,721	155,691	58,813	58,341	35,149	42,760	24,491	29,241	34,491	42,343
Intangible Assets
Investments & Other
Debtors (Due After 1 year)				22,112	23,948	20,870	17,520
Total Fixed Assets	116,627	130,795	156,581	138,493	120,991	130,710	157,241	155,691	58,813	58,341	35,149	42,760	24,491	29,241	34,491	42,343
Stock & work in progress	2,539
Trade Debtors	2,182,065	1,901,583	2,278,353	2,087,426	2,094,108	2,281,456	1,956,180	1,638,977	1,276,033	958,379	699,046	421,612	522,229	573,870	502,507	431,134
Group Debtors	91,182
Misc Debtors	136,261	311,405	197,622	103,698	113,339	259,709	179,233
Cash	937,709	3,437,678	2,395,002	1,805,397	1,056,713	635,872	569,178	367,855	86,669	84,764	42,199	80,490	37,400	75,354	101,267	9,600
misc current assets
total current assets	3,349,756	5,650,666	4,870,977	3,996,521	3,264,160	3,177,037	2,704,591	2,006,832	1,362,702	1,043,143	741,245	502,102	559,629	649,224	603,774	440,734
total assets	3,466,383	5,781,461	5,027,558	4,135,014	3,385,151	3,307,747	2,861,832	2,162,523	1,421,515	1,101,484	776,394	544,862	584,120	678,465	638,265	483,077
Bank overdraft
Bank loan
Trade Creditors	326,247	316,610	336,206	273,539	335,861	425,334	636,731	716,463	584,696	525,509	411,594	229,581	221,386	304,953	230,848	156,287
Group/Directors Accounts			1,240	1,082	1,073	1,461	251
other short term finances
hp & lease commitments					18,820	18,820
other current liabilities	265,935	279,473	257,497	252,347	145,568	192,467	184,372
total current liabilities	592,182	596,083	594,943	526,968	501,322	638,082	821,354	716,463	584,696	525,509	411,594	229,581	221,386	304,953	230,848	156,287
loans
hp & lease commitments					3,086	21,906
Accruals and Deferred Income								43,750	750
other liabilities
provisions	20,219	32,699	29,750	22,112	23,948	20,870	17,520	21,216	3,826	3,510
total long term liabilities	20,219	32,699	29,750	22,112	27,034	42,776	17,520	64,966	4,576	3,510
total liabilities	612,401	628,782	624,693	549,080	528,356	680,858	838,874	781,429	589,272	529,019	411,594	229,581	221,386	304,953	230,848	156,287
net assets	2,853,982	5,152,679	4,402,865	3,585,934	2,856,795	2,626,889	2,022,958	1,381,094	832,243	572,465	364,800	315,281	362,734	373,512	407,417	326,790
total shareholders funds	2,853,982	5,152,679	4,402,865	3,585,934	2,856,795	2,626,889	2,022,958	1,381,094	832,243	572,465	364,800	315,281	362,734	373,512	407,417	326,790

	Aug 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-2,408,082	846,644	961,302	898,741	282,988	741,075	788,911	677,026	324,508	259,264	62,376	-47,748	-11,060	-34,347	111,705	453,847
Depreciation	45,572	53,050	48,897	61,062	44,987	38,797	46,070	31,218	9,583	9,577	4,421	3,420	5,166	5,250	7,850	6,758
Amortisation
Tax		-249,938	-191,626	-171,033	-53,929	-141,663	-150,561	-128,743	-64,944	-51,916	-13,163				-31,355	-127,084
Stock	2,539
Debtors	196,520	-262,987	262,739	-18,159	-330,640	409,102	513,956	362,944	317,654	259,333	277,434	-100,617	-51,641	71,363	71,373	431,134
Creditors	9,637	-19,596	62,667	-62,322	-89,473	-211,397	-79,732	131,767	59,187	113,915	182,013	8,195	-83,567	74,105	74,561	156,287
Accruals and Deferred Income	-13,538	21,976	5,150	106,779	-46,899	8,095	140,622	43,000	750
Deferred Taxes & Provisions	-12,480	2,949	7,638	-1,836	3,078	3,350	-3,696	17,390	316	3,510
Cash flow from operations	-2,577,950	918,072	631,289	849,550	471,392	29,155	227,658	408,714	11,746	75,017	-41,787	64,484	-37,820	-26,355	91,388	58,674
Investing Activities
capital expenditure	-31,404	-27,264	-89,097	-80,400	-32,190	-8,916	-30,100	-128,096	-10,055	-32,769	3,190	-21,689	-416		2	-49,101
Change in Investments
cash flow from investments	-31,404	-27,264	-89,097	-80,400	-32,190	-8,916	-30,100	-128,096	-10,055	-32,769	3,190	-21,689	-416		2	-49,101
Financing Activities
Bank loans
Group/Directors Accounts		-1,240	158	9	-388	1,210	251
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments				-21,906	-18,820	40,726
other long term liabilities
share issue																3
interest	109,385	153,108	47,254	1,431	846	4,519	3,514	568	214	317	307	295	282	442	277	24
cash flow from financing	109,385	151,868	47,412	-20,466	-18,362	46,455	3,765	568	214	317	307	295	282	442	277	27
cash and cash equivalents
cash	-2,499,969	1,042,676	589,605	748,684	420,841	66,694	201,323	281,186	1,905	42,565	-38,291	43,090	-37,954	-25,913	91,667	9,600
overdraft
change in cash	-2,499,969	1,042,676	589,605	748,684	420,841	66,694	201,323	281,186	1,905	42,565	-38,291	43,090	-37,954	-25,913	91,667	9,600

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LORNFORD CONSTRUCTION LIMITED group structure

Lornford Construction Limited has no subsidiary companies.

Ultimate parent company

ARGYLE CONSTRUCTION (HOLDINGS) LIMITED

13539623

1 parent

LORNFORD CONSTRUCTION LIMITED

03431731

LORNFORD CONSTRUCTION LIMITED Shareholders

argyle construction (holdings) ltd

100%

Lornford Construction Limited currently has 4 directors. The longest serving directors include Mr Lorne Pilip (Sep 1997) and Mr Mark Shallcross (Sep 2007).

officer	country	age	start	end	role
Mr Lorne Pilip	United Kingdom	58 years	Sep 1997	-	Director
Mr Mark Shallcross		61 years	Sep 2007	-	Director
Ms Jocelyn Morgan		59 years	Dec 2023	-	Director
Mr David Smith	England	54 years	Dec 2023	-	Director

P&L

August 2024

turnover

8.1m

+6%

operating profit

-2.4m

gross margin

19.1%

+6.51%

turnover

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

Balance Sheet

August 2024

net assets

2.9m

-0.45%

total assets

3.5m

-0.4%

cash

937.7k

-0.73%

net assets

Total assets minus all liabilities

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company number

03431731

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

September 1997

ultimate parent company

ARGYLE CONSTRUCTION (HOLDINGS) LIMITED

previous names

N/A

address

47 gibfield park avenue, atherton, manchester, M46 0SY

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lornford construction limited Company Information

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lornford construction limited Estimated Valuation

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