Lantec Services Limited

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lantec services limited Company Information

Live

MatureSmallDeclining

Company Number

03909304

Website

www.lantecservicesltd.co.uk

Registered Address

381 carlton hill, nottingham, nottinghamshire, NG4 1HW

Industry

Wired telecommunications activities

Telephone

01159659911

Next Accounts Due

December 2025

Group Structure

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Directors

Philip Rowe24 Years

Mark Ford24 Years

Shareholders

mr philip anthony rowe 49%

mr mark dayn ford 49%

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lantec services limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of LANTEC SERVICES LIMITED at £2.1m based on Net Assets of £693.8k and 3.08x industry multiple (adjusted for liquidity).

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Lantec Services Limited is a live company located in nottinghamshire, NG4 1HW with a Companies House number of 03909304. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in January 2000, it's largest shareholder is mr philip anthony rowe with a 49% stake. Lantec Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Lantec Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£5.4m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (9.4%)

EXPORT

Lantec Services Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £693.8 thousand. According to their latest financial statements, Lantec Services Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,515,203	1,852,605	2,134,196	2,188,374	2,011,234	1,977,374	2,526,620	2,331,644	1,031,710	297,061	369,559	338,227	391,044	316,977	368,959
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,177,612	1,457,887	1,689,035	1,669,457	1,512,067	1,509,971	1,914,489	1,736,349	767,329	230,715	289,776	266,168	303,820	245,910	286,095
Gross Profit	337,591	394,718	445,161	518,918	499,167	467,403	612,131	595,295	264,382	66,346	79,782	72,059	87,224	71,067	82,864
Admin Expenses	447,298	439,824	477,841	456,262	452,799	425,197	492,530	566,377	168,055	7,176	-68,440	-83,408	-445	19,298	-160,070
Operating Profit	-109,707	-45,106	-32,680	62,656	46,368	42,206	119,601	28,918	96,327	59,170	148,222	155,467	87,669	51,769	242,934
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	448	1,549	1,378	1,167	982	785	648	402
Pre-Tax Profit	-109,707	-45,106	-32,680	62,656	46,368	42,206	119,601	29,366	97,876	60,548	149,390	156,449	88,454	52,417	243,336
Tax	0	0	0	-11,905	-8,810	-8,019	-22,724	-5,873	-19,575	-12,715	-34,360	-37,548	-22,998	-14,677	-68,134
Profit After Tax	-109,707	-45,106	-32,680	50,751	37,558	34,187	96,877	23,493	78,301	47,833	115,030	118,901	65,456	37,740	175,202
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-109,707	-45,106	-32,680	50,751	37,558	34,187	96,877	23,493	78,301	47,833	115,030	118,901	65,456	37,740	175,202
Employee Costs	149,397	195,990	234,869	215,949	219,417	219,978	333,561	341,853	165,718	38,359	37,607	39,141	35,856	33,646	71,621
Number Of Employees	3	4	5	5	5	5	8	8	4	1	1	1	1	1	2
EBITDA*	-109,707	-45,106	-32,680	62,656	46,368	42,206	119,601	28,918	110,389	77,887	168,005	160,161	89,820	54,564	246,571

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	140,448	155,354	147,355	124,308	133,736	126,665	137,734	162,739	135,844	399,764	333,657	275,223	146,862	149,013	105,598
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	140,448	155,354	147,355	124,308	133,736	126,665	137,734	162,739	135,844	399,764	333,657	275,223	146,862	149,013	105,598
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	627,904	731,415	768,810	848,613	770,750	801,243	796,644	701,207	292,254	43,763	50,029	56,328	63,731	60,240	60,898
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	358,347	261,325	289,988	177,004	215,721	98,420	160,686
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	627,904	731,415	768,810	848,613	770,750	801,243	796,644	701,207	650,601	305,088	340,017	233,332	279,452	158,660	221,584
total assets	768,352	886,769	916,165	972,921	904,486	927,908	934,378	863,946	786,445	704,852	673,674	508,555	426,314	307,673	327,182
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	74,516	83,226	67,516	91,592	73,908	117,965	154,714	177,251	147,882	144,590	161,245	111,156	147,816	94,631	139,260
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	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	74,516	83,226	67,516	91,592	73,908	117,965	154,714	177,251	147,882	144,590	161,245	111,156	147,816	94,631	139,260
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	0	0	0	0	0	16,923	20,831	24,739	0	0	0	0	0	0	12,620
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	16,923	20,831	24,739	0	0	0	0	0	0	12,620
total liabilities	74,516	83,226	67,516	91,592	73,908	134,888	175,545	201,990	147,882	144,590	161,245	111,156	147,816	94,631	151,880
net assets	693,836	803,543	848,649	881,329	830,578	793,020	758,833	661,956	638,563	560,262	512,429	397,399	278,498	213,042	175,302
total shareholders funds	693,836	803,543	848,649	881,329	830,578	793,020	758,833	661,956	638,563	560,262	512,429	397,399	278,498	213,042	175,302

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-109,707	-45,106	-32,680	62,656	46,368	42,206	119,601	28,918	96,327	59,170	148,222	155,467	87,669	51,769	242,934
Depreciation	0	0	0	0	0	0	0	0	14,062	18,717	19,783	4,694	2,151	2,795	3,637
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-11,905	-8,810	-8,019	-22,724	-5,873	-19,575	-12,715	-34,360	-37,548	-22,998	-14,677	-68,134
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-103,511	-37,395	-79,803	77,863	-30,493	4,599	95,437	408,953	248,491	-6,266	-6,299	-7,403	3,491	-658	60,898
Creditors	-8,710	15,710	-24,076	17,684	-44,057	-36,749	-22,537	29,369	3,292	-16,655	50,089	-36,660	53,185	-44,629	139,260
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	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	-14,906	7,999	23,047	-9,428	23,994	-7,161	-21,097	-356,539	-154,385	54,783	190,033	93,356	116,516	-4,084	256,799
Investing Activities
capital expenditure	14,906	-7,999	-23,047	9,428	-7,071	11,069	25,005	-26,895	249,858	-84,824	-78,217	-133,055	0	-46,210	-109,235
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	14,906	-7,999	-23,047	9,428	-7,071	11,069	25,005	-26,895	249,858	-84,824	-78,217	-133,055	0	-46,210	-109,235
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	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	0	0	0	0	-16,923	-3,908	-3,908	24,739	0	0	0	0	0	-12,620	12,620
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	448	1,549	1,378	1,167	982	785	648	402
cash flow from financing	0	0	0	0	-16,923	-3,908	-3,908	25,087	1,549	1,378	1,167	982	785	-11,972	13,122
cash and cash equivalents
cash	0	0	0	0	0	0	0	-358,347	97,022	-28,663	112,984	-38,717	117,301	-62,266	160,686
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-358,347	97,022	-28,663	112,984	-38,717	117,301	-62,266	160,686

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LANTEC SERVICES LIMITED group structure

Lantec Services Limited has no subsidiary companies.

Ultimate parent company

LANTEC SERVICES LIMITED

03909304

LANTEC SERVICES LIMITED Shareholders

mr philip anthony rowe	49%
mr mark dayn ford	49%
mr philip ditchburn	2%

Lantec Services Limited currently has 2 directors. The longest serving directors include Mr Philip Rowe (Jan 2000) and Mr Mark Ford (Jan 2000).

officer	country	age	start	end	role
Mr Philip Rowe	England	59 years	Jan 2000	-	Director
Mr Mark Ford		64 years	Jan 2000	-	Director

P&L

March 2024

turnover

1.5m

-18%

operating profit

-109.7k

gross margin

22.3%

+4.57%

turnover

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

Balance Sheet

March 2024

net assets

693.8k

-0.14%

total assets

768.4k

-0.13%

cash

net assets

Total assets minus all liabilities

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company number

03909304

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

incorporation date

January 2000

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2024

address

381 carlton hill, nottingham, nottinghamshire, NG4 1HW

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 1 charges/mortgages relating to lantec services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

lantec services limited Company Information

lantec services limited Estimated Valuation

lantec services limited Estimated Valuation

lantec services limited Estimated Valuation

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