lodge park lodge lane, langham, colchester, essex, CO4 5NE
Website
-
loram racing ltdEstimated Valuation
£60.7k
Pomanda estimates the enterprise value of LORAM RACING LTD at £60.7k based on a Turnover of £260.7k and 0.23x industry multiple (adjusted for size and gross margin).
loram racing ltdEstimated Valuation
£22.7k
Pomanda estimates the enterprise value of LORAM RACING LTD at £22.7k based on an EBITDA of £7.2k and a 3.14x industry multiple (adjusted for size and gross margin).
loram racing ltdEstimated Valuation
£247.4k
Pomanda estimates the enterprise value of LORAM RACING LTD at £247.4k based on Net Assets of £89k and 2.78x industry multiple (adjusted for liquidity).
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Loram Racing LtdOverview
Loram Racing Ltd is a live company located in colchester, CO4 5NE with a Companies House number of 04321180. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in November 2001, it's largest shareholder is
mark loram
with a 45% stake. Loram Racing Ltd is a mature,
micro sized company, Pomanda has estimated its turnover at
£260.7k with
low
growth in recent years.
Pomanda's financial health check has awarded Loram Racing Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £260.7k, make it smaller than the average company (£1.8m)
£260.7k - Loram Racing Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (11.7%)
3% - Loram Racing Ltd
11.7% - Industry AVG
Production
with a gross margin of 6.3%, this company has a higher cost of product (11%)
6.3% - Loram Racing Ltd
11% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (2.9%)
-0.1% - Loram Racing Ltd
2.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
4 - Loram Racing Ltd
6 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
£33.5k - Loram Racing Ltd
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £65.2k, this is less efficient (£447.5k)
£65.2k - Loram Racing Ltd
£447.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is later than average (9 days)
17 days - Loram Racing Ltd
9 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (12 days)
74 days - Loram Racing Ltd
12 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (60 days)
75 days - Loram Racing Ltd
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 52 weeks, this is more cash available to meet short term requirements (10 weeks)
52 weeks - Loram Racing Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.4%, this is a lower level of debt than the average (65.9%)
43.4% - Loram Racing Ltd
65.9% - Industry AVG
LORAM RACING LTD financials
EXPORT
Loram Racing Ltd's latest turnover from November 2024 is estimated at £260.7 thousand and the company has net assets of £89 thousand. According to their latest financial statements, Loram Racing Ltd has 4 employees and maintains cash reserves of £50.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2024
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Turnover
260,671
258,826
235,018
236,345
204,492
282,825
348,628
279,690
518,527
742,956
1,038,584
975,977
605,499
663,699
719,300
Other Income Or Grants
Cost Of Sales
244,351
239,589
216,697
220,965
190,537
262,817
322,543
259,303
478,433
679,873
955,556
900,742
558,153
611,519
657,416
Gross Profit
16,320
19,237
18,321
15,380
13,955
20,008
26,085
20,387
40,094
63,083
83,029
75,235
47,346
52,180
61,884
Admin Expenses
16,679
13,469
4,046
-2,185
503
7,303
2,792
31,152
37,429
75,003
98,247
75,904
53,593
41,467
63,332
-109,830
Operating Profit
-359
5,768
14,275
17,565
13,452
12,705
23,293
-10,765
2,665
-11,920
-15,218
-669
-6,247
10,713
-1,448
109,830
Interest Payable
3,274
6,002
4,884
4,121
3,666
4,123
4,027
3,952
2,154
Interest Receivable
2,315
2,480
1,834
89
80
425
268
35
32
95
64
61
61
259
275
38
Pre-Tax Profit
1,956
4,975
10,107
12,770
9,411
9,464
19,437
-14,757
-1,255
-13,979
-15,154
-608
-6,186
10,972
-1,173
109,868
Tax
-489
-1,244
-1,920
-2,426
-1,788
-1,798
-3,693
-2,853
-30,763
Profit After Tax
1,467
3,731
8,187
10,344
7,623
7,666
15,744
-14,757
-1,255
-13,979
-15,154
-608
-6,186
8,119
-1,173
79,105
Dividends Paid
Retained Profit
1,467
3,731
8,187
10,344
7,623
7,666
15,744
-14,757
-1,255
-13,979
-15,154
-608
-6,186
8,119
-1,173
79,105
Employee Costs
133,888
129,656
126,701
120,180
115,921
115,960
113,814
112,292
27,883
52,615
49,896
49,785
48,588
49,819
46,654
Number Of Employees
4
4
4
4
4
4
4
4
1
2
2
2
2
2
2
EBITDA*
7,222
18,533
17,939
20,918
19,655
16,328
29,960
-6,709
4,520
-9,732
-13,113
2,202
-3,245
12,511
-120
110,821
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2024
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Tangible Assets
43,773
48,359
64,005
64,713
39,071
43,635
24,227
30,894
11,236
12,291
11,779
13,884
16,755
19,757
8,365
6,818
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
43,773
48,359
64,005
64,713
39,071
43,635
24,227
30,894
11,236
12,291
11,779
13,884
16,755
19,757
8,365
6,818
Stock & work in progress
50,500
49,756
43,918
47,808
25,023
41,560
70,132
40,150
203,678
220,708
265,024
224,629
122,296
177,304
109,465
155,815
Trade Debtors
12,423
11,387
5,405
6,103
9,984
14,509
3,307
14,297
5,641
4,225
5,722
21,529
23,893
3,817
19,517
3,509
Group Debtors
Misc Debtors
9,076
10,787
4,060
4,060
5,260
6,775
6,260
560
Cash
50,421
42,178
52,303
69,973
108,833
51,299
62,012
9,365
4,468
21,189
16,991
8,650
15,650
8,633
94,882
15,137
misc current assets
total current assets
113,344
103,321
110,702
134,671
147,900
111,428
140,711
70,587
220,047
246,682
287,737
254,808
161,839
189,754
223,864
174,461
total assets
157,117
151,680
174,707
199,384
186,971
155,063
164,938
101,481
231,283
258,973
299,516
268,692
178,594
209,511
232,229
181,279
Bank overdraft
27,836
34,967
58,472
63,699
60,194
66,277
Bank loan
Trade Creditors
50,079
35,959
21,036
24,399
19,031
28,961
35,160
906
45,538
132,789
235,412
189,434
98,728
123,459
154,296
102,173
Group/Directors Accounts
572
12,286
2
other short term finances
hp & lease commitments
11,250
other current liabilities
11,126
11,936
11,976
6,652
10,199
2,763
76,681
9,782
total current liabilities
50,079
35,959
32,734
76,457
65,976
35,613
115,081
67,368
182,413
208,848
235,412
189,434
98,728
123,459
154,296
102,173
loans
58,197
47,338
50,000
50,148
hp & lease commitments
5,750
11,680
Accruals and Deferred Income
other liabilities
18,064
28,214
provisions
total long term liabilities
18,064
28,214
58,197
47,338
55,750
61,828
total liabilities
68,143
64,173
90,931
123,795
121,726
97,441
115,081
67,368
182,413
208,848
235,412
189,434
98,728
123,459
154,296
102,173
net assets
88,974
87,507
83,776
75,589
65,245
57,622
49,857
34,113
48,870
50,125
64,104
79,258
79,866
86,052
77,933
79,106
total shareholders funds
88,974
87,507
83,776
75,589
65,245
57,622
49,857
34,113
48,870
50,125
64,104
79,258
79,866
86,052
77,933
79,106
Nov 2024
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Operating Activities
Operating Profit
-359
5,768
14,275
17,565
13,452
12,705
23,293
-10,765
2,665
-11,920
-15,218
-669
-6,247
10,713
-1,448
109,830
Depreciation
7,581
12,765
3,664
3,353
6,203
3,623
6,667
4,056
1,855
2,188
2,105
2,871
3,002
1,798
1,328
991
Amortisation
Tax
-489
-1,244
-1,920
-2,426
-1,788
-1,798
-3,693
-2,853
-30,763
Stock
744
5,838
-3,890
22,785
-16,537
-28,572
29,982
-163,528
-17,030
-44,316
40,395
102,333
-55,008
67,839
-46,350
155,815
Debtors
1,036
-3,094
-2,409
2,846
-4,525
10,002
-12,505
9,171
7,116
-937
-15,807
-2,364
20,076
-15,700
16,008
3,509
Creditors
14,120
14,923
-3,363
5,368
-9,930
-6,199
34,254
-44,632
-87,251
-102,623
45,978
90,706
-24,731
-30,837
52,123
102,173
Accruals and Deferred Income
-11,126
-810
-40
5,324
-3,547
7,436
-73,918
66,899
9,782
Deferred Taxes & Provisions
Cash flow from operations
19,073
18,342
18,145
-1,811
34,323
23,354
50,480
29,098
-5,918
-57,320
8,277
-7,061
6,956
-73,318
82,345
22,907
Investing Activities
capital expenditure
-2,995
2,881
-2,956
-28,995
-1,639
-23,031
-23,714
-800
-2,700
-13,190
-2,875
-7,809
Change in Investments
cash flow from investments
-2,995
2,881
-2,956
-28,995
-1,639
-23,031
-23,714
-800
-2,700
-13,190
-2,875
-7,809
Financing Activities
Bank loans
Group/Directors Accounts
-572
-11,714
12,284
2
Other Short Term Loans
Long term loans
-58,197
10,859
-2,662
-148
50,148
Hire Purchase and Lease Commitments
-5,750
-5,930
430
11,250
other long term liabilities
-10,150
28,214
share issue
99
1
interest
2,315
-794
-4,168
-4,795
-4,041
-3,241
-3,855
-3,992
-3,920
-2,059
64
61
61
259
275
38
cash flow from financing
-7,835
-31,349
-5,023
-923
-10,117
47,436
7,395
-3,992
-3,920
-2,059
64
61
61
259
275
39
cash and cash equivalents
cash
8,243
-10,125
-17,670
-38,860
57,534
-10,713
52,647
4,897
-16,721
4,198
8,341
-7,000
7,017
-86,249
79,745
15,137
overdraft
-27,836
-7,131
34,967
-58,472
-5,227
3,505
-6,083
66,277
change in cash
8,243
-10,125
10,166
-31,729
22,567
47,759
57,874
1,392
-10,638
-62,079
8,341
-7,000
7,017
-86,249
79,745
15,137
loram racing ltd 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 loram racing ltd. Get real-time insights into loram racing ltd's credit score, group structure and payment trends.
Perform a competitor analysis for loram racing ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in CO4 area or any other competitors across 12 key performance metrics.
loram racing ltd Ownership
LORAM RACING LTD group structure
Loram Racing Ltd has no subsidiary companies.
Ultimate parent company
LORAM RACING LTD
04321180
LORAM RACING LTD Shareholders
The largest shareholders in Loram Racing Ltd include Mark Loram and Joanne Loram.
mark loram
45%
joanne loram
45%
carl frost
10%
loram racing ltd directors
Loram Racing Ltd currently has 1 director, Mr Mark Loram serving since May 2002.
45112 - Sale of used cars and light motor vehicles
incorporation date
November 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
November 2024
previous names
silly point limited (June 2002)
accountant
BOWDEN LIMITED
auditor
-
address
lodge park lodge lane, langham, colchester, essex, CO4 5NE
Bank
-
Legal Advisor
-
loram racing ltd 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 1 charges/mortgages relating to loram racing ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
loram racing ltd 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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loram racing ltdCompanies House Filings - See Documents
