lancewood limited

1.5

lancewood limited Company Information

Share LANCEWOOD LIMITED
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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

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Directors

Osman Ertosun23 Years

Shareholders

excelcare (cambridge) ltd 99%

osman ertosun 1%

lancewood limited Estimated Valuation

£2.2m

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

£0

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

£0

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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.

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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

Health Check Image
Health Rating1.5out of 5
positive_score

0 Strong

positive_score

4 Regular

positive_score

7 Weak

size

Size

annual sales of £2.5m, make it in line with the average company (£3m)

£2.5m - Lancewood Limited

£3m - Industry AVG

growth

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

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

Profitability

an operating margin of -17.1% make it less profitable than the average company (11%)

-17.1% - Lancewood Limited

11% - Industry AVG

employees

Employees

with 62 employees, this is similar to the industry average (74)

62 - Lancewood Limited

74 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £39.5k, this is equally as efficient (£36.7k)

£39.5k - Lancewood Limited

£36.7k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (13 days)

1 days - Lancewood Limited

13 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Lancewood Limited

- - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lancewood Limited Competitor Analysis

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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 Shareholders

excelcare (cambridge) ltd 99%
osman ertosun 1%

lancewood limited directors

Lancewood Limited currently has 1 director, Mr Osman Ertosun serving since Feb 2001.

officercountryagestartendrole
Mr Osman Ertosun56 years Feb 2001- Director

LANCEWOOD LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,450,9673,576,0934,036,2603,553,1863,433,6373,274,4323,156,0332,998,7952,941,9102,875,4932,496,6022,422,5592,350,9702,314,801
Other Income Or Grants00000000000000
Cost Of Sales1,723,6692,282,4832,387,9212,334,1212,147,7391,812,3491,663,4881,659,6121,615,1911,516,7691,440,5081,412,7451,285,2821,213,316
Gross Profit727,2981,293,6101,648,3391,219,0651,285,8981,462,0831,492,5451,339,1831,326,7191,358,7241,056,0941,009,8141,065,6881,101,485
Admin Expenses1,146,2121,124,9172,271,0401,291,6251,348,5171,178,4261,079,548792,310766,570711,524695,551683,481634,985687,485
Operating Profit-418,914168,693-622,701-72,560-62,619283,657412,997546,873560,149647,200360,543326,333430,703414,000
Interest Payable040054000130035302,237
Interest Receivable105700017377355616835440383
Pre-Tax Profit-418,809168,696-622,701-72,560-62,673283,674413,034546,946560,191647,261361,226326,877430,703412,146
Tax0-37,701-134,85000-40,529-80,144-113,470-118,125-142,648-88,402-78,922-32,561-6,001
Profit After Tax-418,809130,995-757,551-72,560-62,673243,145332,890433,476442,066504,613272,824247,955398,142406,145
Dividends Paid0000500,000500,000500,0001,000,0001,250,00000000
Retained Profit-418,809130,995-757,551-72,560-562,673-256,855-167,110-566,524-807,934504,613272,824247,955398,142406,145
Employee Costs1,886,3062,493,6882,516,5922,523,4742,287,6431,916,8491,773,2551,719,7671,659,8701,519,3571,441,3671,414,6401,247,0111,218,407
Number Of Employees6290858970738989848778788074
EBITDA*-392,692204,254-584,171-30,811-8,956324,370446,235577,524596,923685,862393,849359,201460,167434,492

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets0159,828184,790183,873185,038157,199167,767108,448129,265134,111121,671114,82195,51167,512
Intangible Assets00000000000000
Investments & Other1001001001001001001001001001000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets100159,928184,890183,973185,138157,299167,867108,548129,365134,211121,671114,82195,51167,512
Stock & work in progress01,9002,1002,1002,4002,3002,0001,9002,0002,0002,0002,0007001,700
Trade Debtors103,986314,357123,831025,1586923,0830001721,7521,58168,466
Group Debtors0696,64102,071,8441,939,3662,584,0773,020,4713,050,6523,588,7084,448,6433,903,1543,628,8303,354,6182,859,031
Misc Debtors20,92921,33211,14881,17455,62110,8948,7279,27110,6367,6538,0039,6636,2775,781
Cash5,7037,1196,14012,255340400500500300300300300300300
misc current assets000001,66500000000
total current assets130,6181,041,349143,2192,167,3732,022,8852,600,0283,034,7813,062,3233,601,6444,458,5963,913,6293,642,5453,363,4762,935,278
total assets130,7181,201,277328,1092,351,3462,208,0232,757,3273,202,6483,170,8713,731,0094,592,8074,035,3003,757,3663,458,9873,002,790
Bank overdraft000019,3325,3828,3165,45228,81213,59215,7295,4985,3547,210
Bank loan00000000000000
Trade Creditors 5,60433,27517,01525,62041,61930,22026,25915,44416,29221,65518,85623,78520,60219,302
Group/Directors Accounts264,195645,04655,590836,8261,248,8901,263,4631,394,2331,185,8461,183,3461,183,3461,192,5221,185,0361,179,8871,175,698
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities190,042433,270296,813772,658109,380106,787165,510188,689160,595224,316162,908170,586128,63874,216
total current liabilities459,8411,111,591369,4181,635,1041,419,2211,405,8521,594,3181,395,4311,389,0451,442,9091,390,0151,384,9051,334,4811,276,426
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities459,8411,111,591369,4181,635,1041,419,2211,405,8521,594,3181,395,4311,389,0451,442,9091,390,0151,384,9051,334,4811,276,426
net assets-329,12389,686-41,309716,242788,8021,351,4751,608,3301,775,4402,341,9643,149,8982,645,2852,372,4612,124,5061,726,364
total shareholders funds-329,12389,686-41,309716,242788,8021,351,4751,608,3301,775,4402,341,9643,149,8982,645,2852,372,4612,124,5061,726,364
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-418,914168,693-622,701-72,560-62,619283,657412,997546,873560,149647,200360,543326,333430,703414,000
Depreciation26,22235,56138,53041,74953,66340,71333,23830,65136,77438,66233,30632,86829,46420,492
Amortisation00000000000000
Tax0-37,701-134,85000-40,529-80,144-113,470-118,125-142,648-88,402-78,922-32,561-6,001
Stock-1,900-2000-300100300100-1000001,300-1,0001,700
Debtors-907,415897,351-2,018,039132,873-575,518-436,618-27,642-539,421-856,952544,967271,084277,769429,1982,933,278
Creditors-27,67116,260-8,605-15,99911,3993,96110,815-848-5,3632,799-4,9293,1831,30019,302
Accruals and Deferred Income-243,228136,457-475,845663,2782,593-58,723-23,17928,094-63,72161,408-7,67841,94854,42274,216
Deferred Taxes & Provisions00000000000000
Cash flow from operations245,724-577,881814,568483,895580,454665,397381,2691,030,8211,266,66662,45421,75646,34155,130-2,412,969
Investing Activities
capital expenditure000-40,584-81,502-30,145-92,557-9,834-31,928-51,102-40,156-52,178-57,463-88,004
Change in Investments0000000001000000
cash flow from investments000-40,584-81,502-30,145-92,557-9,834-31,928-51,202-40,156-52,178-57,463-88,004
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-380,851589,456-781,236-412,064-14,573-130,770208,3872,5000-9,1767,4865,1494,1891,175,698
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000000001,320,219
interest105300-5417377342616831910-1,854
cash flow from financing-380,746589,459-781,236-412,064-14,627-130,753208,4242,57342-9,1158,1695,3404,1892,494,063
cash and cash equivalents
cash-1,416979-6,11511,915-60-100020000000300
overdraft000-19,33213,950-2,9342,864-23,36015,220-2,13710,231144-1,8567,210
change in cash-1,416979-6,11531,247-14,0102,834-2,86423,560-15,2202,137-10,231-1441,856-6,910

P&L

March 2023

turnover

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 2023

net 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

EXCEL PORTFOLIOS LTD

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.

charges

lancewood limited Companies House Filings - See Documents

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