Pomanda estimates the enterprise value of TRUE LENS SERVICES LIMITED at £7m based on a Turnover of £5.4m and 1.3x industry multiple (adjusted for size and gross margin).
true lens services limitedEstimated Valuation
£23.3m
Pomanda estimates the enterprise value of TRUE LENS SERVICES LIMITED at £23.3m based on an EBITDA of £2.9m and a 8.07x industry multiple (adjusted for size and gross margin).
true lens services limitedEstimated Valuation
£10.9m
Pomanda estimates the enterprise value of TRUE LENS SERVICES LIMITED at £10.9m based on Net Assets of £6.5m and 1.68x industry multiple (adjusted for liquidity).
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True Lens Services LimitedOverview
True Lens Services Limited is a live company located in leicester, LE9 8BE with a Companies House number of 04170374. It operates in the manufacture of photographic and cinematographic equipment sector, SIC Code 26702. Founded in March 2001, it's largest shareholder is
true lens sevices holdings ltd
with a 100% stake. True Lens Services Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£5.4m with
high
growth in recent years.
Pomanda's financial health check has awarded True Lens Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
0 Regular
4 Weak
Size
annual sales of £5.4m, make it smaller than the average company (£11.5m)
£5.4m - True Lens Services Limited
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.7%)
20% - True Lens Services Limited
3.7% - Industry AVG
Production
with a gross margin of 90%, this company has a lower cost of product (62.1%)
90% - True Lens Services Limited
62.1% - Industry AVG
Profitability
an operating margin of 52.2% make it more profitable than the average company (6.9%)
52.2% - True Lens Services Limited
6.9% - Industry AVG
Employees
with 30 employees, this is below the industry average (39)
30 - True Lens Services Limited
39 - Industry AVG
Pay Structure
on an average salary of £43.9k, the company has a lower pay structure (£75.2k)
£43.9k - True Lens Services Limited
£75.2k - Industry AVG
Efficiency
resulting in sales per employee of £179.6k, this is less efficient (£212.6k)
£179.6k - True Lens Services Limited
£212.6k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (39 days)
23 days - True Lens Services Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (35 days)
106 days - True Lens Services Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 375 days, this is more than average (145 days)
375 days - True Lens Services Limited
145 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 126 weeks, this is more cash available to meet short term requirements (37 weeks)
126 weeks - True Lens Services Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.6%, this is a lower level of debt than the average (47.9%)
22.6% - True Lens Services Limited
47.9% - Industry AVG
TRUE LENS SERVICES LIMITED financials
EXPORT
True Lens Services Limited's latest turnover from December 2023 is £5.4 million and the company has net assets of £6.5 million. According to their latest financial statements, True Lens Services Limited has 30 employees and maintains cash reserves of £4.4 million 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
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
5,388,430
4,778,771
2,665,257
3,084,166
2,869,268
17,838,128
2,682,630
2,107,446
927,158
1,293,634
1,553,070
1,147,101
829,015
1,613,475
1,354,790
Other Income Or Grants
Cost Of Sales
538,077
689,275
1,553,915
362,367
399,369
9,894,950
1,488,076
1,463,584
649,929
906,824
1,093,277
774,649
577,646
1,119,858
874,160
Gross Profit
4,850,353
4,089,496
1,111,342
2,721,799
2,469,899
7,943,178
1,194,554
643,862
277,230
386,809
459,792
372,452
251,368
493,617
480,630
Admin Expenses
2,036,297
1,696,712
-1,062,058
2,596,684
5,777,140
6,539,603
165,667
-431,548
2,994
191,794
-31,751
217,006
357,690
309,692
149,830
Operating Profit
2,814,056
2,392,784
2,173,400
125,115
-3,307,241
1,403,575
1,028,887
1,075,410
274,236
195,015
491,543
155,446
-106,322
183,925
330,800
Interest Payable
49
1,097
10,354
6,645
3,462
3,374
38
23
23
Interest Receivable
22,155
4,582
741
461
312
1,485
1,511
1,943
761
899
806
222
Pre-Tax Profit
2,836,162
2,391,687
2,177,981
114,761
-3,313,886
1,400,854
1,025,974
1,075,684
275,699
196,504
493,486
156,208
-105,423
184,731
331,022
Tax
-535,777
-119,158
-413,816
-37,935
-233,792
-266,162
-194,935
-215,137
-55,140
-41,266
-103,632
-35,928
-48,030
-92,686
Profit After Tax
2,300,385
2,272,529
1,764,165
76,826
-3,547,678
1,134,692
831,039
860,547
220,559
155,238
389,854
120,280
-105,423
136,701
238,336
Dividends Paid
Retained Profit
2,300,385
2,272,529
1,764,165
76,826
-3,547,678
1,134,692
831,039
860,547
220,559
155,238
389,854
120,280
-105,423
136,701
238,336
Employee Costs
1,316,170
1,214,323
1,961,309
858,061
840,562
1,398,598
1,312,359
1,124,879
175,430
269,583
414,529
304,596
210,215
424,301
411,431
Number Of Employees
30
28
28
26
28
22
21
18
3
5
8
6
4
8
9
EBITDA*
2,892,925
2,431,589
2,214,861
165,992
-3,268,984
1,437,691
1,067,491
1,106,256
299,437
208,833
529,453
187,830
-71,985
208,786
350,286
* 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
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
661,899
163,360
155,229
144,491
169,102
161,292
136,532
154,576
94,338
119,022
128,125
148,994
114,809
104,916
66,922
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
661,899
163,360
155,229
144,491
169,102
161,292
136,532
154,576
94,338
119,022
128,125
148,994
114,809
104,916
66,922
Stock & work in progress
553,980
274,466
243,332
146,487
127,440
134,724
145,501
163,865
173,181
143,219
92,187
33,275
32,331
37,651
21,734
Trade Debtors
352,179
266,666
236,437
177,716
158,663
3,464,581
147,866
58,259
127,866
217,704
255,399
177,317
140,273
260,726
253,804
Group Debtors
2,199,477
720,277
24,684
2,079,820
1,220,295
289,477
Misc Debtors
164,229
79,641
53,880
46,453
34,058
183,429
237,480
17,062
18,728
Cash
4,415,206
4,094,295
2,928,743
736,550
179,173
94,743
102,966
81,321
168,059
426,031
598,846
178,514
126,056
233,631
88,759
misc current assets
total current assets
7,685,071
5,435,345
3,487,076
1,107,206
499,334
3,694,048
2,659,582
1,761,220
775,645
805,682
946,432
389,106
298,660
532,008
364,297
total assets
8,346,970
5,598,705
3,642,305
1,251,697
668,436
3,855,340
2,796,114
1,915,796
869,983
924,704
1,074,557
538,100
413,469
636,924
431,219
Bank overdraft
102,574
1,227
Bank loan
Trade Creditors
157,016
126,408
89,631
244,771
152,421
158,339
35,080
49,080
36,319
22,464
272,436
124,103
126,166
246,854
188,496
Group/Directors Accounts
222,680
302,547
7,276
131,814
1,871
other short term finances
706
hp & lease commitments
4,187
25,154
54,998
42,103
other current liabilities
1,656,583
1,288,340
1,391,282
482,681
364,266
95,623
49,575
49,914
335,825
total current liabilities
1,813,599
1,418,935
1,728,747
1,084,997
558,790
158,339
240,553
231,696
88,104
358,995
272,436
124,103
126,166
246,854
188,496
loans
hp & lease commitments
4,187
27,938
47,629
Accruals and Deferred Income
other liabilities
89,772
77,364
46,503
provisions
75,107
21,891
24,021
17,577
17,658
15,192
20,852
11,291
16,120
20,509
22,305
24,035
17,621
14,931
4,285
total long term liabilities
75,107
21,891
28,208
45,515
65,287
104,964
98,216
57,794
16,120
20,509
22,305
24,035
17,621
14,931
4,285
total liabilities
1,888,706
1,440,826
1,756,955
1,130,512
624,077
263,303
338,769
289,490
104,224
379,504
294,741
148,138
143,787
261,785
192,781
net assets
6,458,264
4,157,879
1,885,350
121,185
44,359
3,592,037
2,457,345
1,626,306
765,759
545,200
779,816
389,962
269,682
375,139
238,438
total shareholders funds
6,458,264
4,157,879
1,885,350
121,185
44,359
3,592,037
2,457,345
1,626,306
765,759
545,200
779,816
389,962
269,682
375,139
238,438
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
2,814,056
2,392,784
2,173,400
125,115
-3,307,241
1,403,575
1,028,887
1,075,410
274,236
195,015
491,543
155,446
-106,322
183,925
330,800
Depreciation
78,869
38,805
41,461
40,877
38,257
34,116
38,604
30,846
25,201
13,818
37,910
32,384
34,337
24,861
19,486
Amortisation
Tax
-535,777
-119,158
-413,816
-37,935
-233,792
-266,162
-194,935
-215,137
-55,140
-41,266
-103,632
-35,928
-48,030
-92,686
Stock
279,514
31,134
96,845
19,047
-7,284
-10,777
-18,364
-9,316
29,962
109,944
58,912
944
-5,320
15,917
21,734
Debtors
1,649,301
751,583
90,832
31,448
-3,271,860
1,053,466
895,081
1,081,629
197,973
59,115
78,082
37,044
-120,453
6,922
253,804
Creditors
30,608
36,777
-155,140
92,350
-5,918
123,259
-14,000
12,761
13,855
-101,639
148,333
-2,063
-120,688
58,358
188,496
Accruals and Deferred Income
368,243
-102,942
908,601
118,415
364,266
-95,623
46,048
-339
-285,911
335,825
Deferred Taxes & Provisions
53,216
-2,130
6,444
-81
2,466
-5,660
9,561
-4,829
-4,389
-3,526
-1,730
6,414
2,690
10,646
4,285
Cash flow from operations
880,400
1,461,419
2,373,273
288,246
137,182
150,816
37,448
-173,601
-260,083
229,168
435,430
118,265
-64,210
206,921
174,843
Investing Activities
capital expenditure
-577,408
-46,936
-52,199
-16,266
-46,067
-58,876
-20,560
-91,084
-517
16,154
-17,041
-66,569
-44,230
-62,855
-86,408
Change in Investments
cash flow from investments
-577,408
-46,936
-52,199
-16,266
-46,067
-58,876
-20,560
-91,084
-517
16,154
-17,041
-66,569
-44,230
-62,855
-86,408
Financing Activities
Bank loans
Group/Directors Accounts
-222,680
-79,867
302,547
-7,276
-124,538
129,943
1,871
Other Short Term Loans
-706
706
Long term loans
Hire Purchase and Lease Commitments
-4,187
-25,154
-53,595
-6,796
89,732
other long term liabilities
-89,772
12,408
30,861
46,503
share issue
-34
102
interest
22,106
-1,097
4,582
-10,354
-6,645
-2,721
-2,913
274
1,462
1,488
1,943
761
899
806
222
cash flow from financing
17,919
-248,931
-128,880
285,397
-6,685
2,411
-96,590
176,720
2,627
2,194
1,943
761
865
806
324
cash and cash equivalents
cash
320,911
1,165,552
2,192,193
557,377
84,430
-8,223
21,645
-86,738
-257,972
247,517
420,332
52,458
-107,575
144,872
88,759
overdraft
-102,574
101,347
1,227
change in cash
320,911
1,165,552
2,192,193
557,377
84,430
94,351
-79,702
-87,965
-257,972
247,517
420,332
52,458
-107,575
144,872
88,759
true lens services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for true lens services limited. Get real-time insights into true lens services limited's credit score, group structure and payment trends.
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true lens services limited Ownership
TRUE LENS SERVICES LIMITED group structure
True Lens Services Limited has no subsidiary companies.
The sole shareholder of True Lens Services Limited is True Lens Sevices Holdings Ltd.
true lens sevices holdings ltd
100%
true lens services limited directors
True Lens Services Limited currently has 4 directors.
The longest serving directors include
Mr Gavin Whitehurst (Sep 2020) and
Mr Richard Kilner (Sep 2020).
glass house dawsons lane, barwell, leicester, LE9 8BE
Bank
-
Legal Advisor
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true lens services 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 18 charges/mortgages relating to true lens services limited. Currently there are 13 open charges and 5 have been satisfied in the past.
true lens services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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true lens services limitedCompanies House Filings - See Documents
