Lab Uk (furniture) Limited

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lab uk (furniture) limited Company Information

Live

MatureSmallHigh

Company Number

03775943

Website

www.labuk.co.uk

Registered Address

lab uk (furniture) ltd, unit f2, coal pit lane, atherton, manchester, M46 0RL

Industry

Other personal service activities n.e.c.

Telephone

01942893223

Next Accounts Due

January 2025

Group Structure

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Directors

Allan Hardman25 Years

Marc Hardman1 Years

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Shareholders

lab uk (furniture) holdings limited 100%

lab uk (furniture) limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of LAB UK (FURNITURE) LIMITED at £1.6m based on a Turnover of £2m and 0.77x industry multiple (adjusted for size and gross margin).

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Lab Uk (furniture) Limited is a live company located in atherton, M46 0RL with a Companies House number of 03775943. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in May 1999, it's largest shareholder is lab uk (furniture) holdings limited with a 100% stake. Lab Uk (furniture) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Lab Uk (Furniture) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £2m, make it larger than the average company (£859.4k)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (5.6%)

EXPORT

Lab Uk (Furniture) Limited's latest turnover from April 2023 is estimated at £2 million and the company has net assets of £770.7 thousand. According to their latest financial statements, Lab Uk (Furniture) Limited has 11 employees and maintains cash reserves of £334.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,009,808	1,925,400	1,950,165	923,784	1,046,741	1,570,964	1,067,087	683,363	1,115,576	1,054,052	1,095,578	630,138	718,849	763,214
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,182,484	1,140,094	1,188,879	559,076	627,327	959,362	629,636	397,643	659,512	627,508	623,837	367,330	406,047	429,902
Gross Profit	827,323	785,306	761,286	364,708	419,414	611,601	437,451	285,720	456,064	426,544	471,741	262,808	312,802	333,312
Admin Expenses	692,053	482,349	499,850	313,525	438,423	528,498	294,754	318,570	453,739	401,446	417,312	175,031	368,696	354,236
Operating Profit	135,270	302,957	261,436	51,183	-19,009	83,103	142,697	-32,850	2,325	25,098	54,429	87,777	-55,894	-20,924
Interest Payable	1,025	2,128	1,829	2,352	2,864	477	1,402	2,148	1,998	2,712	3,737	5,429	5,253	2,157
Interest Receivable	16,276	2,375	151	100	552	389	137	41	77	164	125	0	5	5
Pre-Tax Profit	150,521	303,204	259,758	48,932	-21,320	83,015	141,432	-34,957	404	22,549	50,817	82,349	-61,142	-23,076
Tax	-37,630	-57,609	-49,354	-9,297	0	-15,773	-26,872	0	-81	-4,735	-11,688	-19,764	0	0
Profit After Tax	112,891	245,595	210,404	39,635	-21,320	67,242	114,560	-34,957	323	17,814	39,129	62,585	-61,142	-23,076
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	112,891	245,595	210,404	39,635	-21,320	67,242	114,560	-34,957	323	17,814	39,129	62,585	-61,142	-23,076
Employee Costs	329,247	287,099	247,259	210,667	186,448	153,451	197,422	186,865	397,304	367,981	392,500	231,754	254,640	271,040
Number Of Employees	11	10	9	8	7	6	8	7	15	14	15	9	10	11
EBITDA*	150,610	321,386	283,811	59,870	-10,495	93,511	154,524	-24,207	12,941	33,496	61,595	95,530	-46,265	-3,041

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	59,207	71,713	87,045	31,828	32,677	40,191	45,399	32,337	39,585	47,930	23,299	24,406	29,809	54,596
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	59,207	71,713	87,045	31,828	32,677	40,191	45,399	32,337	39,585	47,930	23,299	24,406	29,809	54,596
Stock & work in progress	122,500	89,500	84,603	71,780	71,100	18,060	21,000	26,900	17,000	23,790	20,962	42,447	49,523	65,315
Trade Debtors	326,319	354,752	358,165	130,649	176,470	297,388	183,726	94,195	137,890	129,265	126,169	74,119	80,912	84,460
Group Debtors	173,434	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,487	60,008	26,635	77,893	3,166	37,491	5,329	10,658	0	0	0	0	0	0
Cash	334,920	431,027	202,315	100,105	100,345	46,973	108,544	928	15,313	15,475	50,000	102	47	2,137
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
total current assets	1,010,660	935,287	671,718	380,427	351,081	399,912	318,599	132,681	170,203	168,530	197,131	116,668	130,482	152,912
total assets	1,069,867	1,007,000	758,763	412,255	383,758	440,103	363,998	165,018	209,788	216,460	220,430	141,074	160,291	207,508
Bank overdraft	10,000	10,000	53,048	6,913	70,188	14,665	0	44,861	21,223	40,260	43,198	71,785	95,261	66,380
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	165,817	162,793	118,905	98,426	85,991	134,733	89,775	63,470	124,469	105,548	152,091	79,046	130,851	108,258
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	867	0	0	0	0	6,000	6,000	6,643	4,230	6,522	18,591
other current liabilities	89,863	133,679	118,240	100,158	60,603	99,425	146,893	40,754	0	0	0	0	0	0
total current liabilities	265,680	306,472	290,193	206,364	216,782	248,823	236,668	149,085	151,692	151,808	201,932	155,061	232,634	193,229
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	16,590	22,590	0	6,644	10,873	36,353
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	20,833	30,833	41,667	0	684	2,417	4,590	10,590	0	0	0	0	0	0
provisions	12,669	11,901	14,704	4,096	4,132	5,383	6,502	3,665	4,871	5,750	0	0	0	0
total long term liabilities	33,502	42,734	56,371	4,096	4,816	7,800	11,092	14,255	21,461	28,340	0	6,644	10,873	36,353
total liabilities	299,182	349,206	346,564	210,460	221,598	256,623	247,760	163,340	173,153	180,148	201,932	161,705	243,507	229,582
net assets	770,685	657,794	412,199	201,795	162,160	183,480	116,238	1,678	36,635	36,312	18,498	-20,631	-83,216	-22,074
total shareholders funds	770,685	657,794	412,199	201,795	162,160	183,480	116,238	1,678	36,635	36,312	18,498	-20,631	-83,216	-22,074

	Apr 2023	Apr 2022	Apr 2021	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	135,270	302,957	261,436	51,183	-19,009	83,103	142,697	-32,850	2,325	25,098	54,429	87,777	-55,894	-20,924
Depreciation	15,340	18,429	22,375	8,687	8,514	10,408	11,827	8,643	10,616	8,398	7,166	7,753	9,629	17,883
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-37,630	-57,609	-49,354	-9,297	0	-15,773	-26,872	0	-81	-4,735	-11,688	-19,764	0	0
Stock	33,000	4,897	12,823	680	53,040	-2,940	-5,900	9,900	-6,790	2,828	-21,485	-7,076	-15,792	65,315
Debtors	138,480	29,960	176,258	28,906	-155,243	145,824	84,202	-33,037	8,625	3,096	52,050	-6,793	-3,548	84,460
Creditors	3,024	43,888	20,479	12,435	-48,742	44,958	26,305	-60,999	18,921	-46,543	73,045	-51,805	22,593	108,258
Accruals and Deferred Income	-43,816	15,439	18,082	39,555	-38,822	-47,468	106,139	40,754	0	0	0	0	0	0
Deferred Taxes & Provisions	768	-2,803	10,608	-36	-1,251	-1,119	2,837	-1,206	-879	5,750	0	0	0	0
Cash flow from operations	-98,524	285,444	94,545	72,941	2,893	-68,775	184,631	-22,521	29,067	-17,956	92,387	37,830	-4,332	-44,558
Investing Activities
capital expenditure	-2,834	-3,097	-77,592	-7,838	-1,000	-5,200	-24,889	-1,395	-2,271	-33,029	-6,059	-2,350	15,158	-72,479
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,834	-3,097	-77,592	-7,838	-1,000	-5,200	-24,889	-1,395	-2,271	-33,029	-6,059	-2,350	15,158	-72,479
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	-867	867	0	0	0	-22,590	-6,000	21,947	-4,231	-6,521	-37,549	54,944
other long term liabilities	-10,000	-10,834	41,667	-684	-1,733	-2,173	-6,000	10,590	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,002
interest	15,251	247	-1,678	-2,252	-2,312	-88	-1,265	-2,107	-1,921	-2,548	-3,612	-5,429	-5,248	-2,152
cash flow from financing	5,251	-10,587	39,122	-2,069	-4,045	-2,261	-7,265	-14,107	-7,921	19,399	-7,843	-11,950	-42,797	53,794
cash and cash equivalents
cash	-96,107	228,712	102,210	-240	53,372	-61,571	107,616	-14,385	-162	-34,525	49,898	55	-2,090	2,137
overdraft	0	-43,048	46,135	-63,275	55,523	14,665	-44,861	23,638	-19,037	-2,938	-28,587	-23,476	28,881	66,380
change in cash	-96,107	271,760	56,075	63,035	-2,151	-76,236	152,477	-38,023	18,875	-31,587	78,485	23,531	-30,971	-64,243

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for lab uk (furniture) limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in M46 area or any other competitors across 12 key performance metrics.

LAB UK (FURNITURE) LIMITED group structure

Lab Uk (Furniture) Limited has no subsidiary companies.

Ultimate parent company

LAB UK (FURNITURE) LIMITED

03775943

LAB UK (FURNITURE) LIMITED Shareholders

lab uk (furniture) holdings limited

100%

Lab Uk (Furniture) Limited currently has 3 directors. The longest serving directors include Mr Allan Hardman (May 1999) and Mr Marc Hardman (Jan 2023).

officer	age	start	end	role
Mr Allan Hardman	60 years	May 1999	-	Director
Mr Marc Hardman	30 years	Jan 2023	-	Director
Miss Zoe Hardman	34 years	Jan 2023	-	Director

P&L

April 2023

turnover

+4%

operating profit

135.3k

gross margin

41.2%

+0.93%

turnover

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

Balance Sheet

April 2023

net assets

770.7k

+0.17%

total assets

1.1m

+0.06%

cash

334.9k

-0.22%

net assets

Total assets minus all liabilities

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company number

03775943

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

May 1999

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

lab uk (furniture) ltd, unit f2, coal pit lane, atherton, manchester, M46 0RL

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 3 charges/mortgages relating to lab uk (furniture) limited. Currently there are 2 open charges and 1 have been satisfied in the past.

lab uk (furniture) limited Company Information

lab uk (furniture) limited Estimated Valuation

lab uk (furniture) limited Estimated Valuation

lab uk (furniture) limited Estimated Valuation

Lab Uk (furniture) Limited Overview

Lab Uk (furniture) Limited Health Check

LAB UK (FURNITURE) LIMITED financials

lab uk (furniture) limited Credit Report and Business Information

Lab Uk (furniture) Limited Competitor Analysis

lab uk (furniture) limited Ownership

lab uk (furniture) limited directors

lab uk (furniture) limited company details

lab uk (furniture) limited Charges & Mortgages

lab uk (furniture) limited Companies House Filings - See Documents