lombard business leasing limited
lombard business leasing limited Company Information
Company Number
04314962
Website
www.lombard.co.ukRegistered Address
250 bishopsgate, london, EC2M 4AA
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02074209600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
lombard north central plc 100%
lombard business leasing limited Estimated Valuation
Pomanda estimates the enterprise value of LOMBARD BUSINESS LEASING LIMITED at £330.5m based on a Turnover of £95.8m and 3.45x industry multiple (adjusted for size and gross margin).
lombard business leasing limited Estimated Valuation
Pomanda estimates the enterprise value of LOMBARD BUSINESS LEASING LIMITED at £1.2b based on an EBITDA of £82.8m and a 14.26x industry multiple (adjusted for size and gross margin).
lombard business leasing limited Estimated Valuation
Pomanda estimates the enterprise value of LOMBARD BUSINESS LEASING LIMITED at £36.9m based on Net Assets of £19.3m and 1.91x industry multiple (adjusted for liquidity).
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Lombard Business Leasing Limited Overview
Lombard Business Leasing Limited is a live company located in london, EC2M 4AA with a Companies House number of 04314962. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 2001, it's largest shareholder is lombard north central plc with a 100% stake. Lombard Business Leasing Limited is a mature, large sized company, Pomanda has estimated its turnover at £95.8m with declining growth in recent years.
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Lombard Business Leasing Limited Health Check
Pomanda's financial health check has awarded Lombard Business Leasing Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £95.8m, make it larger than the average company (£4.6m)
£95.8m - Lombard Business Leasing Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.2%)
-8% - Lombard Business Leasing Limited
3.2% - Industry AVG
Production
with a gross margin of 87.7%, this company has a lower cost of product (61.4%)
87.7% - Lombard Business Leasing Limited
61.4% - Industry AVG
Profitability
an operating margin of 38.4% make it more profitable than the average company (10.8%)
38.4% - Lombard Business Leasing Limited
10.8% - Industry AVG
Employees
with 423 employees, this is above the industry average (15)
- Lombard Business Leasing Limited
15 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Lombard Business Leasing Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £226.5k, this is equally as efficient (£226.9k)
- Lombard Business Leasing Limited
£226.9k - Industry AVG
Debtor Days
it gets paid by customers after 582 days, this is later than average (30 days)
582 days - Lombard Business Leasing Limited
30 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lombard Business Leasing Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is more than average (15 days)
65 days - Lombard Business Leasing Limited
15 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lombard Business Leasing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.4%, this is a higher level of debt than the average (58.9%)
97.4% - Lombard Business Leasing Limited
58.9% - Industry AVG
LOMBARD BUSINESS LEASING LIMITED financials
Lombard Business Leasing Limited's latest turnover from December 2022 is £95.8 million and the company has net assets of £19.3 million. According to their latest financial statements, we estimate that Lombard Business Leasing Limited has 423 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 95,816,000 | 111,244,000 | 107,288,000 | 124,342,000 | 121,838,000 | 119,715,000 | 117,030,000 | 128,850,000 | 126,708,000 | 155,120,000 | 192,150,000 | 137,545,000 | 183,029,000 | 113,438,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 11,756,000 | 11,587,000 | 9,627,000 | 20,951,000 | 21,057,000 | 14,672,000 | 10,048,000 | 20,157,000 | 12,002,000 | 48,561,000 | 85,032,000 | 30,068,000 | 69,921,000 | |
| Gross Profit | 84,060,000 | 99,657,000 | 97,661,000 | 103,391,000 | 100,781,000 | 105,043,000 | 106,982,000 | 108,693,000 | 114,706,000 | 106,559,000 | 107,118,000 | 107,477,000 | 113,108,000 | |
| Admin Expenses | 47,281,000 | 54,869,000 | 80,337,000 | 67,410,000 | 71,196,000 | 70,213,000 | 66,668,000 | 63,922,000 | 63,927,000 | 60,533,000 | 61,012,000 | 63,009,000 | 74,347,000 | |
| Operating Profit | 36,779,000 | 44,788,000 | 17,324,000 | 35,981,000 | 29,585,000 | 34,830,000 | 40,314,000 | 44,771,000 | 50,779,000 | 46,026,000 | 46,106,000 | 44,468,000 | 38,761,000 | 34,290,000 |
| Interest Payable | 9,945,000 | 543,000 | 1,851,000 | 6,840,000 | 5,805,000 | 3,170,000 | 4,093,000 | 5,284,000 | 5,340,000 | 5,407,000 | 5,805,000 | 5,552,000 | 6,088,000 | 7,993,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 26,834,000 | 44,245,000 | 15,473,000 | 29,141,000 | 23,780,000 | 31,660,000 | 36,221,000 | 39,487,000 | 45,439,000 | 40,619,000 | 40,301,000 | 38,916,000 | 32,673,000 | 26,493,000 |
| Tax | -7,663,000 | -2,915,000 | -2,021,000 | -3,562,000 | -5,896,000 | -7,295,000 | -7,430,000 | -8,312,000 | -9,289,000 | -9,189,000 | -8,877,000 | -8,607,000 | -7,993,000 | -7,446,000 |
| Profit After Tax | 19,171,000 | 41,330,000 | 13,452,000 | 25,579,000 | 17,884,000 | 24,365,000 | 28,791,000 | 31,175,000 | 36,150,000 | 31,430,000 | 31,424,000 | 30,309,000 | 24,680,000 | 19,047,000 |
| Dividends Paid | 58,000,000 | 0 | 0 | 0 | 0 | 21,752,000 | 29,600,000 | 31,300,000 | 33,200,000 | 30,000,000 | 34,000,000 | 30,100,000 | 24,800,000 | 13,900,000 |
| Retained Profit | -38,829,000 | 41,330,000 | 13,452,000 | 25,579,000 | 17,884,000 | 2,613,000 | -809,000 | -125,000 | 2,950,000 | 1,430,000 | -2,576,000 | 209,000 | -120,000 | 5,147,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||||
| EBITDA* | 82,786,000 | 101,159,000 | 82,115,000 | 98,068,000 | 91,859,000 | 99,224,000 | 40,314,000 | 44,771,000 | 109,268,000 | 101,169,000 | 98,964,000 | 97,081,000 | 99,388,000 | 95,559,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 141,033,000 | 195,778,000 | 256,420,000 | 303,017,000 | 308,249,000 | 812,385,000 | 848,262,000 | 273,663,000 | 261,181,000 | 265,988,000 | 804,879,000 | 742,344,000 | 610,416,000 | 668,084,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,834,000 | 14,366,000 | 8,615,000 | 615,549,000 | 504,301,000 | 0 | 0 | 0 | 0 | 0 | 0 | 459,751,000 | 356,219,000 | 0 |
| Debtors (Due After 1 year) | 433,318,000 | 496,448,000 | 701,640,000 | 0 | 0 | 505,432,000 | 537,950,000 | 541,175,000 | 0 | 0 | 540,829,000 | 0 | 0 | 0 |
| Total Fixed Assets | 586,185,000 | 706,592,000 | 966,675,000 | 918,566,000 | 812,550,000 | 812,385,000 | 848,262,000 | 814,838,000 | 261,181,000 | 265,988,000 | 804,879,000 | 742,344,000 | 610,416,000 | 668,084,000 |
| Stock & work in progress | 2,104,000 | 2,775,000 | 2,056,000 | 963,000 | 1,065,000 | 1,955,000 | 2,235,000 | 3,553,000 | 0 | 0 | 0 | 1,674,000 | 3,933,000 | 0 |
| Trade Debtors | 153,026,000 | 191,257,000 | 2,444,000 | 651,000 | 601,000 | 193,508,000 | 204,465,000 | 210,158,000 | 1,840,000 | 1,588,000 | 3,196,000 | 4,062,000 | 4,725,000 | 6,106,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,354,000 | 4,466,000 | 185,645,000 | 20,435,000 | 0 | 0 | 0 | 0 | 223,000 | 4,782,000 | 182,883,000 | 129,000 | 256,000 | 238,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 168,274,000 | 225,002,000 | 8,320,000 | 11,022,000 | 4,262,000 | 820,711,000 | 787,906,000 | 11,663,000 | 193,709,000 | 142,527,000 | 152,687,000 |
| total current assets | 159,484,000 | 198,498,000 | 190,145,000 | 190,323,000 | 226,668,000 | 203,783,000 | 217,722,000 | 217,973,000 | 822,774,000 | 794,276,000 | 197,742,000 | 199,574,000 | 151,441,000 | 159,031,000 |
| total assets | 745,669,000 | 905,090,000 | 1,156,820,000 | 1,108,889,000 | 1,039,218,000 | 1,016,168,000 | 1,065,984,000 | 1,032,811,000 | 1,083,955,000 | 1,060,264,000 | 1,002,621,000 | 941,918,000 | 761,857,000 | 827,115,000 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 4,000 | 0 | 1,000 | 0 | 4,689,000 | 13,233,000 | 22,937,000 | 0 | 11,115,000 |
| Group/Directors Accounts | 709,324,000 | 815,431,000 | 1,110,087,000 | 1,034,225,000 | 986,961,000 | 993,097,000 | 1,035,838,000 | 1,010,180,000 | 1,060,629,000 | 1,028,197,000 | 0 | 835,589,000 | 681,920,000 | 0 |
| 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 | 16,479,000 | 29,535,000 | 26,602,000 | 16,827,000 | 24,445,000 | 12,368,000 | 22,060,000 | 13,735,000 | 13,367,000 | 17,838,000 | 973,872,000 | 56,437,000 | 41,718,000 | 760,656,000 |
| total current liabilities | 725,803,000 | 844,966,000 | 1,136,689,000 | 1,051,052,000 | 1,011,406,000 | 1,005,469,000 | 1,057,898,000 | 1,023,916,000 | 1,073,996,000 | 1,050,724,000 | 987,105,000 | 914,963,000 | 723,638,000 | 771,771,000 |
| loans | 522,000 | 1,951,000 | 3,288,000 | 4,446,000 | 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 | 1,878,000 | 6,940,000 | 21,752,000 | 39,478,000 | 62,424,000 | 96,434,000 |
| total long term liabilities | 522,000 | 1,951,000 | 3,288,000 | 4,446,000 | 0 | 0 | 0 | 0 | 939,000 | 3,470,000 | 10,876,000 | 19,739,000 | 31,212,000 | 48,217,000 |
| total liabilities | 726,325,000 | 846,917,000 | 1,139,977,000 | 1,055,498,000 | 1,011,406,000 | 1,005,469,000 | 1,057,898,000 | 1,023,916,000 | 1,074,935,000 | 1,054,194,000 | 997,981,000 | 934,702,000 | 754,850,000 | 819,988,000 |
| net assets | 19,344,000 | 58,173,000 | 16,843,000 | 53,391,000 | 27,812,000 | 10,699,000 | 8,086,000 | 8,895,000 | 9,020,000 | 6,070,000 | 4,640,000 | 7,216,000 | 7,007,000 | 7,127,000 |
| total shareholders funds | 19,344,000 | 58,173,000 | 16,843,000 | 53,391,000 | 27,812,000 | 10,699,000 | 8,086,000 | 8,895,000 | 9,020,000 | 6,070,000 | 4,640,000 | 7,216,000 | 7,007,000 | 7,127,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 36,779,000 | 44,788,000 | 17,324,000 | 35,981,000 | 29,585,000 | 34,830,000 | 40,314,000 | 44,771,000 | 50,779,000 | 46,026,000 | 46,106,000 | 44,468,000 | 38,761,000 | 34,290,000 |
| Depreciation | 46,007,000 | 56,371,000 | 64,791,000 | 62,087,000 | 62,274,000 | 64,394,000 | 0 | 58,489,000 | 55,143,000 | 52,858,000 | 52,613,000 | 60,627,000 | 61,269,000 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -7,663,000 | -2,915,000 | -2,021,000 | -3,562,000 | -5,896,000 | -7,295,000 | -7,430,000 | -8,312,000 | -9,289,000 | -9,189,000 | -8,877,000 | -8,607,000 | -7,993,000 | -7,446,000 |
| Stock | -671,000 | 719,000 | 1,093,000 | -102,000 | -890,000 | -280,000 | -1,318,000 | 3,553,000 | 0 | 0 | -1,674,000 | -2,259,000 | 3,933,000 | 0 |
| Debtors | -101,473,000 | -197,558,000 | 868,643,000 | 20,485,000 | -698,339,000 | -43,475,000 | -8,918,000 | 749,270,000 | -4,307,000 | -720,538,000 | 722,717,000 | -790,000 | -1,363,000 | 6,344,000 |
| Creditors | 0 | 0 | 0 | 0 | -4,000 | 4,000 | -1,000 | 1,000 | -4,689,000 | -8,544,000 | -9,704,000 | 22,937,000 | -11,115,000 | 11,115,000 |
| Accruals and Deferred Income | -13,056,000 | 2,933,000 | 9,775,000 | -7,618,000 | 12,077,000 | -9,692,000 | 8,325,000 | 368,000 | -4,471,000 | -956,034,000 | 917,435,000 | 14,719,000 | -718,938,000 | 760,656,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,878,000 | -5,062,000 | -14,812,000 | -17,726,000 | -22,946,000 | -34,010,000 | 96,434,000 |
| Cash flow from operations | 164,211,000 | 298,016,000 | -779,867,000 | 66,505,000 | 797,265,000 | 125,996,000 | -717,873,000 | 90,064,000 | -166,872,000 | 259,049,000 | 106,233,000 | -675,238,000 | 949,974,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -2,532,000 | 5,751,000 | -606,934,000 | 111,248,000 | 504,301,000 | 0 | 0 | 0 | 0 | 0 | -459,751,000 | 103,532,000 | 356,219,000 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -106,107,000 | -294,656,000 | 75,862,000 | 47,264,000 | -6,136,000 | -42,741,000 | 25,658,000 | -50,449,000 | 32,432,000 | 1,028,197,000 | -835,589,000 | 153,669,000 | 681,920,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,429,000 | -1,337,000 | -1,158,000 | 4,446,000 | 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 | -9,945,000 | -543,000 | -1,851,000 | -6,840,000 | -5,805,000 | -3,170,000 | -4,093,000 | -5,284,000 | -5,340,000 | -5,407,000 | -5,805,000 | -5,552,000 | -6,088,000 | -7,993,000 |
| cash flow from financing | -117,481,000 | -296,536,000 | 22,853,000 | 44,870,000 | -12,712,000 | -45,911,000 | 21,565,000 | -55,733,000 | 27,092,000 | 1,022,790,000 | -841,394,000 | 148,117,000 | 675,832,000 | -6,013,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
lombard business leasing limited Credit Report and Business Information
Lombard Business Leasing Limited Competitor Analysis
Perform a competitor analysis for lombard business leasing limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lombard business leasing limited Ownership
LOMBARD BUSINESS LEASING LIMITED group structure
Lombard Business Leasing Limited has no subsidiary companies.
Ultimate parent company
2 parents
LOMBARD BUSINESS LEASING LIMITED
04314962
lombard business leasing limited directors
Lombard Business Leasing Limited currently has 3 directors. The longest serving directors include Mr Ian Isaac (Feb 2015) and Mr John-Paul Thwaite (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Isaac | England | 60 years | Feb 2015 | - | Director |
| Mr John-Paul Thwaite | England | 52 years | Oct 2019 | - | Director |
| Mr Peter Moffat | England | 45 years | Aug 2023 | - | Director |
P&L
December 2022turnover
95.8m
-14%
operating profit
36.8m
-18%
gross margin
87.8%
-2.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
19.3m
-0.67%
total assets
745.7m
-0.18%
cash
0
0%
net assets
Total assets minus all liabilities
lombard business leasing limited company details
company number
04314962
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
November 2001
age
23
accounts
Full Accounts
ultimate parent company
previous names
waterhouse finance limited (December 2001)
on the shelf forty four limited (December 2001)
incorporated
UK
address
250 bishopsgate, london, EC2M 4AA
last accounts submitted
December 2022
lombard business leasing 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 did not find charges/mortgages relating to lombard business leasing limited.
lombard business leasing limited Companies House Filings - See Documents
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