Lorensbergs Limited

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lorensbergs limited Company Information

Live

MatureSmallHealthy

Company Number

03878554

Website

www.lorensbergs.co.uk

Registered Address

28 castle street, hertford, SG14 1HH

Industry

Other information technology and computer service activities

Telephone

01992415500

Next Accounts Due

September 2025

Group Structure

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Directors

Holger Hannappel13 Years

Anna Crilly11 Years

Shareholders

gotthardt healthgroup ag 100%

lorensbergs limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of LORENSBERGS LIMITED at £1.3m based on a Turnover of £1.8m and 0.72x industry multiple (adjusted for size and gross margin).

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Lorensbergs Limited is a live company located in hertford, SG14 1HH with a Companies House number of 03878554. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 1999, it's largest shareholder is gotthardt healthgroup ag with a 100% stake. Lorensbergs Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.

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

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£7m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7.1%)

EXPORT

Lorensbergs Limited's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £71.1 thousand. According to their latest financial statements, Lorensbergs Limited has 20 employees and maintains cash reserves of £530.1 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	1,787,196	1,943,682	1,735,494	1,391,244	1,396,866	1,577,645	2,167,480	1,899,109	1,780,537	5,171,498	4,829,570	3,910,816	2,417,546	878,696	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	908,483	936,434	833,649	666,537	663,766	733,834	276,067	78,225	65,246	2,429,197	2,260,904	1,864,787	1,149,964	405,128	0
Gross Profit	878,713	1,007,248	901,845	724,706	733,100	843,811	1,891,413	1,820,884	1,715,291	2,742,301	2,568,666	2,046,029	1,267,583	473,568	0
Admin Expenses	1,513,957	916,162	979,120	558,778	846,251	871,184	1,347,445	1,271,111	1,388,845	2,746,525	2,163,448	1,865,584	1,948,352	265,080	-499,274
Operating Profit	-635,244	91,086	-77,275	165,928	-113,151	-27,373	543,968	549,773	326,446	-4,224	405,218	180,445	-680,769	208,488	499,274
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,043	3,862	170	315	4,728	5,095	44,841	42,072	23,935	798	677	335	1,621	2,259	755
Pre-Tax Profit	-618,201	94,948	-77,105	166,243	-108,423	-22,278	588,809	591,845	350,381	-3,426	405,895	180,780	-679,148	210,747	500,029
Tax	0	-18,040	0	-31,586	0	0	-112,588	-19,505	-70,550	0	-93,356	-43,387	0	-59,009	-140,008
Profit After Tax	-618,201	76,908	-77,105	134,657	-108,423	-22,278	476,221	572,340	279,831	-3,426	312,539	137,393	-679,148	151,738	360,021
Dividends Paid	0	0	0	0	0	0	422,000	150,000	0	0	0	0	0	0	0
Retained Profit	-618,201	76,908	-77,105	134,657	-108,423	-22,278	54,221	422,340	279,831	-3,426	312,539	137,393	-679,148	151,738	360,021
Employee Costs	1,414,079	1,294,929	1,172,014	1,163,938	1,264,103	1,274,569	1,109,340	1,090,076	659,691	1,857,808	1,708,909	1,414,443	883,882	349,635	0
Number Of Employees	20	19	18	19	21	22	20	20	12	34	32	27	17	7	0
EBITDA*	-619,105	107,365	-61,945	181,058	-101,256	-16,658	553,620	556,695	332,429	15,448	426,541	200,586	-660,022	225,679	507,332

* 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	17,627	24,333	27,394	28,237	16,969	16,225	18,802	14,971	8,501	6,572	22,358	41,181	52,532	10,053	24,172
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	17,627	24,333	27,394	28,237	16,969	16,225	18,802	14,971	8,501	6,572	22,358	41,181	52,532	10,053	24,172
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	177,567	270,962	232,403	124,723	99,001	155,288	285,052	183,757	81,761	929,490	840,047	617,556	345,170	130,782	231,010
Group Debtors	882,301	1,825,164	1,798,026	1,897,167	1,200,745	1,218,353	1,158,916	1,076,038	885,738	0	0	0	0	0	0
Misc Debtors	105,576	82,267	99,153	117,413	81,093	88,052	90,388	130,183	34,026	0	0	0	0	0	0
Cash	530,139	151,583	69,096	66,898	563,849	696,821	661,923	575,724	373,920	135,649	183,468	87,272	46,743	601,755	301,871
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,695,583	2,329,976	2,198,678	2,206,201	1,944,688	2,158,514	2,196,279	1,965,702	1,375,445	1,065,139	1,023,515	704,828	391,913	732,537	532,881
total assets	1,713,210	2,354,309	2,226,072	2,234,438	1,961,657	2,174,739	2,215,081	1,980,673	1,383,946	1,071,711	1,045,873	746,009	444,445	742,590	557,053
Bank overdraft	0	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	0
Trade Creditors	60,798	33,133	44,380	6,820	5,086	5,188	18,640	29,532	31,208	728,160	701,204	721,736	596,742	230,829	197,030
Group/Directors Accounts	0	0	0	0	284	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	0	0	0	0	0	0	0	0	0
other current liabilities	1,551,899	1,584,343	1,551,228	1,514,957	1,377,694	1,436,096	1,370,555	1,274,339	1,091,919	0	0	0	0	0	0
total current liabilities	1,612,697	1,617,476	1,595,608	1,521,777	1,383,064	1,441,284	1,389,195	1,303,871	1,123,127	728,160	701,204	721,736	596,742	230,829	197,030
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	29,444	47,563	18,102	23,194	23,783	70,222	140,375	45,512	51,869	64,432	62,124	54,267	15,090	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	29,444	47,563	18,102	23,194	23,783	70,222	140,375	45,512	51,869	64,432	62,124	54,267	15,090	0	0
total liabilities	1,642,141	1,665,039	1,613,710	1,544,971	1,406,847	1,511,506	1,529,570	1,349,383	1,174,996	792,592	763,328	776,003	611,832	230,829	197,030
net assets	71,069	689,270	612,362	689,467	554,810	663,233	685,511	631,290	208,950	279,119	282,545	-29,994	-167,387	511,761	360,023
total shareholders funds	71,069	689,270	612,362	689,467	554,810	663,233	685,511	631,290	208,950	279,119	282,545	-29,994	-167,387	511,761	360,023

	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	-635,244	91,086	-77,275	165,928	-113,151	-27,373	543,968	549,773	326,446	-4,224	405,218	180,445	-680,769	208,488	499,274
Depreciation	16,139	16,279	15,330	15,130	11,895	10,715	9,652	6,922	5,983	19,672	21,323	20,141	20,747	17,191	8,058
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-18,040	0	-31,586	0	0	-112,588	-19,505	-70,550	0	-93,356	-43,387	0	-59,009	-140,008
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,012,949	48,811	-9,721	758,464	-80,854	-72,663	144,378	388,453	72,035	89,443	222,491	272,386	214,388	-100,228	231,010
Creditors	27,665	-11,247	37,560	1,734	-102	-13,452	-10,892	-1,676	-696,952	26,956	-20,532	124,994	365,913	33,799	197,030
Accruals and Deferred Income	-32,444	33,115	36,271	137,263	-58,402	65,541	96,216	182,420	1,091,919	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	389,065	62,382	21,607	-469,995	-78,906	108,094	381,978	329,481	584,811	-47,039	90,162	9,807	-508,497	300,697	333,344
Investing Activities
capital expenditure	-9,433	-13,218	-14,487	-26,398	-12,639	-8,138	-13,483	-13,392	-7,912	-3,886	-2,500	-8,790	-63,226	-3,072	-32,230
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,433	-13,218	-14,487	-26,398	-12,639	-8,138	-13,483	-13,392	-7,912	-3,886	-2,500	-8,790	-63,226	-3,072	-32,230
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	-284	284	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	0	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	0
other long term liabilities	-18,119	29,461	-5,092	-589	-46,439	-70,153	94,863	-6,357	-12,563	2,308	7,857	39,177	15,090	0	0
share issue	0	0	0	0	0	0	0	0	-350,000	0	0	0	0	0	2
interest	17,043	3,862	170	315	4,728	5,095	44,841	42,072	23,935	798	677	335	1,621	2,259	755
cash flow from financing	-1,076	33,323	-4,922	-558	-41,427	-65,058	139,704	35,715	-338,628	3,106	8,534	39,512	16,711	2,259	757
cash and cash equivalents
cash	378,556	82,487	2,198	-496,951	-132,972	34,898	86,199	201,804	238,271	-47,819	96,196	40,529	-555,012	299,884	301,871
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	378,556	82,487	2,198	-496,951	-132,972	34,898	86,199	201,804	238,271	-47,819	96,196	40,529	-555,012	299,884	301,871

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LORENSBERGS LIMITED group structure

Lorensbergs Limited has no subsidiary companies.

Ultimate parent company

GT3 SOFTWARE UND BETEILIGUNG GMBH

#0086390

MPS PUBLIC SOLUTIONS GMBH

#0072190

2 parents

LORENSBERGS LIMITED

03878554

LORENSBERGS LIMITED Shareholders

gotthardt healthgroup ag

100%

Lorensbergs Limited currently has 2 directors. The longest serving directors include Mr Holger Hannappel (Jan 2011) and Miss Anna Crilly (May 2013).

officer	country	age	start	end	role
Mr Holger Hannappel	Germany	51 years	Jan 2011	-	Director
Miss Anna Crilly	England	44 years	May 2013	-	Director

P&L

December 2023

turnover

1.8m

-8%

operating profit

-635.2k

gross margin

49.2%

-5.12%

turnover

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

Balance Sheet

December 2023

net assets

71.1k

-0.9%

total assets

1.7m

-0.27%

cash

530.1k

+2.5%

net assets

Total assets minus all liabilities

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company number

03878554

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

November 1999

accounts

Small Company

ultimate parent company

GT3 SOFTWARE UND BETEILIGUNG GMBH

previous names

libra independent financial planning limited (July 2001)

last accounts submitted

December 2023

address

28 castle street, hertford, SG14 1HH

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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lorensbergs limited Company Information

lorensbergs limited Estimated Valuation

lorensbergs limited Estimated Valuation

lorensbergs limited Estimated Valuation

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LORENSBERGS LIMITED financials

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