lancewood limited Company Information
Company Number
04137007
Registered Address
kalamu house 11 coldbath square, london, EC1R 5HL
Industry
Residential care activities for the elderly and disabled
Telephone
03000616161
Next Accounts Due
December 2024
Group Structure
View All
Directors
Osman Ertosun23 Years
Shareholders
excelcare (cambridge) ltd 99%
osman ertosun 1%
lancewood limited Estimated Valuation
Pomanda estimates the enterprise value of LANCEWOOD LIMITED at £2.2m based on a Turnover of £2.5m and 0.88x industry multiple (adjusted for size and gross margin).
lancewood limited Estimated Valuation
Pomanda estimates the enterprise value of LANCEWOOD LIMITED at £0 based on an EBITDA of £-392.7k and a 5.02x industry multiple (adjusted for size and gross margin).
lancewood limited Estimated Valuation
Pomanda estimates the enterprise value of LANCEWOOD LIMITED at £0 based on Net Assets of £-329.1k and 2.7x industry multiple (adjusted for liquidity).
Lancewood Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Lancewood Limited Overview
Lancewood Limited is a live company located in london, EC1R 5HL with a Companies House number of 04137007. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in January 2001, it's largest shareholder is excelcare (cambridge) ltd with a 99% stake. Lancewood Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Lancewood Limited Health Check
Pomanda's financial health check has awarded Lancewood Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
7 Weak
Size
annual sales of £2.5m, make it in line with the average company (£3m)
£2.5m - Lancewood Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.5%)
-12% - Lancewood Limited
4.5% - Industry AVG
Production
with a gross margin of 29.7%, this company has a higher cost of product (37.7%)
29.7% - Lancewood Limited
37.7% - Industry AVG
Profitability
an operating margin of -17.1% make it less profitable than the average company (11%)
-17.1% - Lancewood Limited
11% - Industry AVG
Employees
with 62 employees, this is similar to the industry average (74)
62 - Lancewood Limited
74 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has a higher pay structure (£22.3k)
£30.4k - Lancewood Limited
£22.3k - Industry AVG
Efficiency
resulting in sales per employee of £39.5k, this is equally as efficient (£36.7k)
£39.5k - Lancewood Limited
£36.7k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is near the average (15 days)
15 days - Lancewood Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (13 days)
1 days - Lancewood Limited
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lancewood Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (26 weeks)
0 weeks - Lancewood Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 351.8%, this is a higher level of debt than the average (45.8%)
351.8% - Lancewood Limited
45.8% - Industry AVG
lancewood limited Credit Report and Business Information
Lancewood Limited Competitor Analysis
Perform a competitor analysis for lancewood limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lancewood limited Ownership
LANCEWOOD LIMITED group structure
Lancewood Limited has 1 subsidiary company.
Ultimate parent company
EXCEL PORTFOLIOS LTD
#0015318
2 parents
LANCEWOOD LIMITED
04137007
1 subsidiary
lancewood limited directors
Lancewood Limited currently has 1 director, Mr Osman Ertosun serving since Feb 2001.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Osman Ertosun | 56 years | Feb 2001 | - | Director |
LANCEWOOD LIMITED financials
Lancewood Limited's latest turnover from March 2023 is £2.5 million and the company has net assets of -£329.1 thousand. According to their latest financial statements, Lancewood Limited has 62 employees and maintains cash reserves of £5.7 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 | 2,450,967 | 3,576,093 | 4,036,260 | 3,553,186 | 3,433,637 | 3,274,432 | 3,156,033 | 2,998,795 | 2,941,910 | 2,875,493 | 2,496,602 | 2,422,559 | 2,350,970 | 2,314,801 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 1,723,669 | 2,282,483 | 2,387,921 | 2,334,121 | 2,147,739 | 1,812,349 | 1,663,488 | 1,659,612 | 1,615,191 | 1,516,769 | 1,440,508 | 1,412,745 | 1,285,282 | 1,213,316 |
Gross Profit | 727,298 | 1,293,610 | 1,648,339 | 1,219,065 | 1,285,898 | 1,462,083 | 1,492,545 | 1,339,183 | 1,326,719 | 1,358,724 | 1,056,094 | 1,009,814 | 1,065,688 | 1,101,485 |
Admin Expenses | 1,146,212 | 1,124,917 | 2,271,040 | 1,291,625 | 1,348,517 | 1,178,426 | 1,079,548 | 792,310 | 766,570 | 711,524 | 695,551 | 683,481 | 634,985 | 687,485 |
Operating Profit | -418,914 | 168,693 | -622,701 | -72,560 | -62,619 | 283,657 | 412,997 | 546,873 | 560,149 | 647,200 | 360,543 | 326,333 | 430,703 | 414,000 |
Interest Payable | 0 | 4 | 0 | 0 | 54 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | 2,237 | |
Interest Receivable | 105 | 7 | 0 | 0 | 0 | 17 | 37 | 73 | 55 | 61 | 683 | 544 | 0 | 383 |
Pre-Tax Profit | -418,809 | 168,696 | -622,701 | -72,560 | -62,673 | 283,674 | 413,034 | 546,946 | 560,191 | 647,261 | 361,226 | 326,877 | 430,703 | 412,146 |
Tax | 0 | -37,701 | -134,850 | 0 | 0 | -40,529 | -80,144 | -113,470 | -118,125 | -142,648 | -88,402 | -78,922 | -32,561 | -6,001 |
Profit After Tax | -418,809 | 130,995 | -757,551 | -72,560 | -62,673 | 243,145 | 332,890 | 433,476 | 442,066 | 504,613 | 272,824 | 247,955 | 398,142 | 406,145 |
Dividends Paid | 0 | 0 | 0 | 0 | 500,000 | 500,000 | 500,000 | 1,000,000 | 1,250,000 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -418,809 | 130,995 | -757,551 | -72,560 | -562,673 | -256,855 | -167,110 | -566,524 | -807,934 | 504,613 | 272,824 | 247,955 | 398,142 | 406,145 |
Employee Costs | 1,886,306 | 2,493,688 | 2,516,592 | 2,523,474 | 2,287,643 | 1,916,849 | 1,773,255 | 1,719,767 | 1,659,870 | 1,519,357 | 1,441,367 | 1,414,640 | 1,247,011 | 1,218,407 |
Number Of Employees | 62 | 90 | 85 | 89 | 70 | 73 | 89 | 89 | 84 | 87 | 78 | 78 | 80 | 74 |
EBITDA* | -392,692 | 204,254 | -584,171 | -30,811 | -8,956 | 324,370 | 446,235 | 577,524 | 596,923 | 685,862 | 393,849 | 359,201 | 460,167 | 434,492 |
* 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 | 0 | 159,828 | 184,790 | 183,873 | 185,038 | 157,199 | 167,767 | 108,448 | 129,265 | 134,111 | 121,671 | 114,821 | 95,511 | 67,512 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 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 | 100 | 159,928 | 184,890 | 183,973 | 185,138 | 157,299 | 167,867 | 108,548 | 129,365 | 134,211 | 121,671 | 114,821 | 95,511 | 67,512 |
Stock & work in progress | 0 | 1,900 | 2,100 | 2,100 | 2,400 | 2,300 | 2,000 | 1,900 | 2,000 | 2,000 | 2,000 | 2,000 | 700 | 1,700 |
Trade Debtors | 103,986 | 314,357 | 123,831 | 0 | 25,158 | 692 | 3,083 | 0 | 0 | 0 | 172 | 1,752 | 1,581 | 68,466 |
Group Debtors | 0 | 696,641 | 0 | 2,071,844 | 1,939,366 | 2,584,077 | 3,020,471 | 3,050,652 | 3,588,708 | 4,448,643 | 3,903,154 | 3,628,830 | 3,354,618 | 2,859,031 |
Misc Debtors | 20,929 | 21,332 | 11,148 | 81,174 | 55,621 | 10,894 | 8,727 | 9,271 | 10,636 | 7,653 | 8,003 | 9,663 | 6,277 | 5,781 |
Cash | 5,703 | 7,119 | 6,140 | 12,255 | 340 | 400 | 500 | 500 | 300 | 300 | 300 | 300 | 300 | 300 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 1,665 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 130,618 | 1,041,349 | 143,219 | 2,167,373 | 2,022,885 | 2,600,028 | 3,034,781 | 3,062,323 | 3,601,644 | 4,458,596 | 3,913,629 | 3,642,545 | 3,363,476 | 2,935,278 |
total assets | 130,718 | 1,201,277 | 328,109 | 2,351,346 | 2,208,023 | 2,757,327 | 3,202,648 | 3,170,871 | 3,731,009 | 4,592,807 | 4,035,300 | 3,757,366 | 3,458,987 | 3,002,790 |
Bank overdraft | 0 | 0 | 0 | 0 | 19,332 | 5,382 | 8,316 | 5,452 | 28,812 | 13,592 | 15,729 | 5,498 | 5,354 | 7,210 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 5,604 | 33,275 | 17,015 | 25,620 | 41,619 | 30,220 | 26,259 | 15,444 | 16,292 | 21,655 | 18,856 | 23,785 | 20,602 | 19,302 |
Group/Directors Accounts | 264,195 | 645,046 | 55,590 | 836,826 | 1,248,890 | 1,263,463 | 1,394,233 | 1,185,846 | 1,183,346 | 1,183,346 | 1,192,522 | 1,185,036 | 1,179,887 | 1,175,698 |
other short term finances | 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 |
other current liabilities | 190,042 | 433,270 | 296,813 | 772,658 | 109,380 | 106,787 | 165,510 | 188,689 | 160,595 | 224,316 | 162,908 | 170,586 | 128,638 | 74,216 |
total current liabilities | 459,841 | 1,111,591 | 369,418 | 1,635,104 | 1,419,221 | 1,405,852 | 1,594,318 | 1,395,431 | 1,389,045 | 1,442,909 | 1,390,015 | 1,384,905 | 1,334,481 | 1,276,426 |
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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 459,841 | 1,111,591 | 369,418 | 1,635,104 | 1,419,221 | 1,405,852 | 1,594,318 | 1,395,431 | 1,389,045 | 1,442,909 | 1,390,015 | 1,384,905 | 1,334,481 | 1,276,426 |
net assets | -329,123 | 89,686 | -41,309 | 716,242 | 788,802 | 1,351,475 | 1,608,330 | 1,775,440 | 2,341,964 | 3,149,898 | 2,645,285 | 2,372,461 | 2,124,506 | 1,726,364 |
total shareholders funds | -329,123 | 89,686 | -41,309 | 716,242 | 788,802 | 1,351,475 | 1,608,330 | 1,775,440 | 2,341,964 | 3,149,898 | 2,645,285 | 2,372,461 | 2,124,506 | 1,726,364 |
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 | -418,914 | 168,693 | -622,701 | -72,560 | -62,619 | 283,657 | 412,997 | 546,873 | 560,149 | 647,200 | 360,543 | 326,333 | 430,703 | 414,000 |
Depreciation | 26,222 | 35,561 | 38,530 | 41,749 | 53,663 | 40,713 | 33,238 | 30,651 | 36,774 | 38,662 | 33,306 | 32,868 | 29,464 | 20,492 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | -37,701 | -134,850 | 0 | 0 | -40,529 | -80,144 | -113,470 | -118,125 | -142,648 | -88,402 | -78,922 | -32,561 | -6,001 |
Stock | -1,900 | -200 | 0 | -300 | 100 | 300 | 100 | -100 | 0 | 0 | 0 | 1,300 | -1,000 | 1,700 |
Debtors | -907,415 | 897,351 | -2,018,039 | 132,873 | -575,518 | -436,618 | -27,642 | -539,421 | -856,952 | 544,967 | 271,084 | 277,769 | 429,198 | 2,933,278 |
Creditors | -27,671 | 16,260 | -8,605 | -15,999 | 11,399 | 3,961 | 10,815 | -848 | -5,363 | 2,799 | -4,929 | 3,183 | 1,300 | 19,302 |
Accruals and Deferred Income | -243,228 | 136,457 | -475,845 | 663,278 | 2,593 | -58,723 | -23,179 | 28,094 | -63,721 | 61,408 | -7,678 | 41,948 | 54,422 | 74,216 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 245,724 | -577,881 | 814,568 | 483,895 | 580,454 | 665,397 | 381,269 | 1,030,821 | 1,266,666 | 62,454 | 21,756 | 46,341 | 55,130 | -2,412,969 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | -40,584 | -81,502 | -30,145 | -92,557 | -9,834 | -31,928 | |||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | -40,584 | -81,502 | -30,145 | -92,557 | -9,834 | -31,928 | |||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -380,851 | 589,456 | -781,236 | -412,064 | -14,573 | -130,770 | 208,387 | 2,500 | 0 | -9,176 | 7,486 | 5,149 | 4,189 | 1,175,698 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 105 | 3 | 0 | 0 | -54 | 17 | 37 | 73 | 42 | 61 | 683 | 0 | -1,854 | |
cash flow from financing | -380,746 | 589,459 | -781,236 | -412,064 | -14,627 | -130,753 | 208,424 | 2,573 | 42 | -9,115 | 8,169 | 4,189 | 2,494,063 | |
cash and cash equivalents | ||||||||||||||
cash | -1,416 | 979 | -6,115 | 11,915 | -60 | -100 | 0 | 200 | 0 | 0 | 0 | 0 | 0 | 300 |
overdraft | 0 | 0 | 0 | -19,332 | 13,950 | -2,934 | 2,864 | -23,360 | 15,220 | -2,137 | 10,231 | 144 | -1,856 | 7,210 |
change in cash | -1,416 | 979 | -6,115 | 31,247 | -14,010 | 2,834 | -2,864 | 23,560 | -15,220 | 2,137 | -10,231 | -144 | 1,856 | -6,910 |
P&L
March 2023turnover
2.5m
-31%
operating profit
-418.9k
-348%
gross margin
29.7%
-17.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-329.1k
-4.67%
total assets
130.7k
-0.89%
cash
5.7k
-0.2%
net assets
Total assets minus all liabilities
lancewood limited company details
company number
04137007
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
January 2001
age
23
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
kalamu house 11 coldbath square, london, EC1R 5HL
last accounts submitted
March 2023
lancewood limited Charges & Mortgages
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 lancewood limited. Currently there are 2 open charges and 1 have been satisfied in the past.
lancewood limited Companies House Filings - See Documents
date | description | view/download |
---|