Lhb Contracts Ltd

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lhb contracts ltd Company Information

Live

MatureMicroDeclining

Company Number

04124383

Website

Registered Address

glyddyn y ffor, pwllheli, gwynedd, LL53 6RT

Industry

Painting

Floor and wall covering

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Roger Barlow23 Years

Tracy Barlow11 Years

Shareholders

tracy barlow 50%

roger barlow 50%

lhb contracts ltd Estimated Valuation

£112.9k

Pomanda estimates the enterprise value of LHB CONTRACTS LTD at £112.9k based on Net Assets of £61.6k and 1.83x industry multiple (adjusted for liquidity).

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Lhb Contracts Ltd is a live company located in gwynedd, LL53 6RT with a Companies House number of 04124383. It operates in the floor and wall covering sector, SIC Code 43330. Founded in December 2000, it's largest shareholder is tracy barlow with a 50% stake. Lhb Contracts Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £148.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Lhb Contracts Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

6 Regular

3 Weak

Size

annual sales of £148.9k, make it in line with the average company (£176.8k)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.4%)

EXPORT

Lhb Contracts Ltd's latest turnover from March 2023 is estimated at £148.9 thousand and the company has net assets of £61.6 thousand. According to their latest financial statements, Lhb Contracts Ltd has 2 employees and maintains cash reserves of £97.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	148,908	124,324	170,038	201,495	266,964	348,068	457,839	543,215	1,273,275	1,174,819	1,015,125	1,639,508	614,963	666,178
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	102,595	84,777	119,191	144,561	190,551	233,309	302,179	368,266	875,017	807,486	695,698	1,122,624	408,824	439,193
Gross Profit	46,313	39,547	50,847	56,934	76,413	114,760	155,660	174,948	398,258	367,332	319,426	516,884	206,140	226,985
Admin Expenses	71,453	36,246	87,119	-87,126	76,296	126,807	159,906	205,109	399,753	362,270	404,617	427,909	181,179	146,922
Operating Profit	-25,140	3,301	-36,272	144,060	117	-12,047	-4,246	-30,161	-1,495	5,062	-85,191	88,975	24,961	80,063
Interest Payable	3,904	3,139	1,525	704	1,265	1,238	1,800	1,102	0	0	0	0	0	0
Interest Receivable	4,148	814	150	91	17	19	33	55	0	0	1	46	103	58
Pre-Tax Profit	-24,896	977	-37,647	143,447	-1,130	-13,266	-6,012	-31,207	-1,495	5,062	-85,190	89,022	25,064	80,121
Tax	0	-186	0	-27,255	0	0	0	0	0	-1,164	0	-23,146	-7,018	-22,434
Profit After Tax	-24,896	791	-37,647	116,192	-1,130	-13,266	-6,012	-31,207	-1,495	3,898	-85,190	65,876	18,046	57,687
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-24,896	791	-37,647	116,192	-1,130	-13,266	-6,012	-31,207	-1,495	3,898	-85,190	65,876	18,046	57,687
Employee Costs	46,989	49,461	50,658	87,785	95,673	102,521	272,629	175,307	327,677	335,946	272,851	460,463	215,018	215,996
Number Of Employees	2	2	2	3	3	3	8	5	10	10	8	14	7	7
EBITDA*	-21,577	7,612	-31,465	147,874	3,930	-4,504	5,310	-17,644	3,459	13,241	-85,191	88,975	30,886	83,432

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	20,075	23,638	26,305	20,549	21,080	27,191	33,186	42,742	16,259	33,030	40,188	26,396	28,024	12,350
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	20,075	23,638	26,305	20,549	21,080	27,191	33,186	42,742	16,259	33,030	40,188	26,396	28,024	12,350
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	20,129	21,771	41,734	35,172	54,071	75,397	63,431	116,429	187,435	172,375	139,862	255,071	90,154	88,159
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	72,288	44,067	38,019	58,011	47,564	46,829	78,853	77,146	0	0	0	0	0	0
Cash	97,250	97,949	119,132	180,268	1,562	3,044	4,618	22,037	0	0	0	292	18,271	23,000
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	189,667	163,787	198,885	273,451	103,197	125,270	146,902	215,612	187,435	172,375	139,862	255,363	108,425	111,159
total assets	209,742	187,425	225,190	294,000	124,277	152,461	180,088	258,354	203,694	205,405	180,050	281,759	136,449	123,509
Bank overdraft	10,000	8,000	50,000	0	23,075	14,396	23,696	33,895	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,681	9,783	9,108	9,286	12,734	13,368	4,447	4,382	140,736	145,086	106,909	140,148	60,714	65,820
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	3,375	4,328	3,950	5,650	5,388	5,127	0	0	0	0	0	0
other current liabilities	99,239	48,097	76,953	153,089	69,085	97,739	106,333	163,325	0	0	0	0	0	0
total current liabilities	124,920	65,880	139,436	166,703	108,844	131,153	139,864	206,729	140,736	145,086	106,909	140,148	60,714	65,820
loans	23,173	35,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	3,896	8,224	12,969	18,619	24,008	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	4,134	0	16,720	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	23,173	35,000	0	3,896	8,224	12,969	18,619	24,008	4,134	0	16,720	0	0	0
total liabilities	148,093	100,880	139,436	170,599	117,068	144,122	158,483	230,737	144,870	145,086	123,629	140,148	60,714	65,820
net assets	61,649	86,545	85,754	123,401	7,209	8,339	21,605	27,617	58,824	60,319	56,421	141,611	75,735	57,689
total shareholders funds	61,649	86,545	85,754	123,401	7,209	8,339	21,605	27,617	58,824	60,319	56,421	141,611	75,735	57,689

	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	-25,140	3,301	-36,272	144,060	117	-12,047	-4,246	-30,161	-1,495	5,062	-85,191	88,975	24,961	80,063
Depreciation	3,563	4,311	4,807	3,814	3,813	7,543	9,556	12,517	4,954	8,179	0	0	5,925	3,369
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-186	0	-27,255	0	0	0	0	0	-1,164	0	-23,146	-7,018	-22,434
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	26,579	-13,915	-13,430	-8,452	-20,591	-20,058	-51,291	6,140	15,060	32,513	-115,209	164,917	1,995	88,159
Creditors	5,898	675	-178	-3,448	-634	8,921	65	-136,354	-4,350	38,177	-33,239	79,434	-5,106	65,820
Accruals and Deferred Income	51,142	-28,856	-76,136	84,004	-28,654	-8,594	-56,992	163,325	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	8,884	-6,840	-94,349	209,627	-4,767	15,881	-326	3,187	-15,951	17,741	-3,221	-19,654	16,767	38,659
Investing Activities
capital expenditure	0	-1,644	-10,563	-3,283	2,298	-1,548	0	-39,000	11,817	-1,021	-13,792	1,628	-21,599	-15,719
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,644	-10,563	-3,283	2,298	-1,548	0	-39,000	11,817	-1,021	-13,792	1,628	-21,599	-15,719
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	-11,827	35,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-3,375	-4,849	-3,950	-6,445	-5,388	-5,128	29,135	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-4,134	4,134	-16,720	16,720	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	244	-2,325	-1,375	-613	-1,248	-1,219	-1,767	-1,047	0	0	1	46	103	58
cash flow from financing	-11,583	29,300	-6,224	-4,563	-7,693	-6,607	-6,895	23,954	4,134	-16,720	16,721	46	103	60
cash and cash equivalents
cash	-699	-21,183	-61,136	178,706	-1,482	-1,574	-17,419	22,037	0	0	-292	-17,979	-4,729	23,000
overdraft	2,000	-42,000	50,000	-23,075	8,679	-9,300	-10,199	33,895	0	0	0	0	0	0
change in cash	-2,699	20,817	-111,136	201,781	-10,161	7,726	-7,220	-11,858	0	0	-292	-17,979	-4,729	23,000

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 lhb contracts ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in LL53 area or any other competitors across 12 key performance metrics.

LHB CONTRACTS LTD group structure

Lhb Contracts Ltd has no subsidiary companies.

Ultimate parent company

LHB CONTRACTS LTD

04124383

LHB CONTRACTS LTD Shareholders

tracy barlow	50%
roger barlow	50%

Lhb Contracts Ltd currently has 2 directors. The longest serving directors include Mr Roger Barlow (Dec 2000) and Mrs Tracy Barlow (Apr 2013).

officer	country	age	start	end	role
Mr Roger Barlow	United Kingdom	54 years	Dec 2000	-	Director
Mrs Tracy Barlow	United Kingdom	56 years	Apr 2013	-	Director

P&L

March 2023

turnover

148.9k

+20%

operating profit

-25.1k

gross margin

31.2%

-2.22%

turnover

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

Balance Sheet

March 2023

net assets

61.6k

-0.29%

total assets

209.7k

+0.12%

cash

97.3k

-0.01%

net assets

Total assets minus all liabilities

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company number

04124383

Type

Private limited with Share Capital

industry

43341 - Painting

43330 - Floor and wall covering

incorporation date

December 2000

ultimate parent company

None

previous names

N/A

address

glyddyn y ffor, pwllheli, gwynedd, LL53 6RT

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 lhb contracts ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

lhb contracts ltd Company Information

lhb contracts ltd Estimated Valuation

lhb contracts ltd Estimated Valuation

lhb contracts ltd Estimated Valuation

Lhb Contracts Ltd Overview

Lhb Contracts Ltd Health Check

LHB CONTRACTS LTD financials

lhb contracts ltd Credit Report and Business Information

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lhb contracts ltd Ownership

lhb contracts ltd directors

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