latate limited

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latate limited Company Information

Share LATATE LIMITED

Company Number

04328611

Shareholders

-

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

82 bewick road, gateshead, tyne and wear, NE8 1RS

Website

-

latate limited Estimated Valuation

£697k

Pomanda estimates the enterprise value of LATATE LIMITED at £697k based on a Turnover of £1.2m and 0.57x industry multiple (adjusted for size and gross margin).

latate limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of LATATE LIMITED at £3.7m based on an EBITDA of £904.9k and a 4.08x industry multiple (adjusted for size and gross margin).

latate limited Estimated Valuation

£25.7m

Pomanda estimates the enterprise value of LATATE LIMITED at £25.7m based on Net Assets of £11.2m and 2.3x industry multiple (adjusted for liquidity).

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Latate Limited Overview

Latate Limited is a live company located in tyne and wear, NE8 1RS with a Companies House number of 04328611. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2001, it's largest shareholder is unknown. Latate Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with low growth in recent years.

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Latate Limited Health Check

Pomanda's financial health check has awarded Latate Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £1.2m, make it smaller than the average company (£3.7m)

£1.2m - Latate Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.3%)

1% - Latate Limited

8.3% - Industry AVG

production

Production

with a gross margin of 37.9%, this company has a comparable cost of product (37.9%)

37.9% - Latate Limited

37.9% - Industry AVG

profitability

Profitability

an operating margin of 73.7% make it more profitable than the average company (5.7%)

73.7% - Latate Limited

5.7% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (22)

9 - Latate Limited

22 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Latate Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £136.4k, this is equally as efficient (£146.3k)

£136.4k - Latate Limited

£146.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 31 days, this is near the average (36 days)

31 days - Latate Limited

36 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Latate Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Latate Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (27 weeks)

37 weeks - Latate Limited

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.4%, this is a lower level of debt than the average (58.7%)

37.4% - Latate Limited

58.7% - Industry AVG

LATATE LIMITED financials

EXPORTms excel logo

Latate Limited's latest turnover from March 2024 is £1.2 million and the company has net assets of £11.2 million. According to their latest financial statements, we estimate that Latate Limited has 9 employees and maintains cash reserves of £884.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,227,7101,057,5391,042,7191,190,4121,082,492975,9581,094,1701,256,0933,420,8251,334,1161,115,6831,081,2931,406,1851,130,0791,036,885
Other Income Or Grants000000000000000
Cost Of Sales763,076651,663647,276747,614672,509608,585679,687768,3632,134,537844,606711,157685,415868,010678,823617,982
Gross Profit464,634405,876395,443442,798409,983367,373414,483487,7301,286,288489,510404,526395,878538,175451,256418,903
Admin Expenses-440,235-357,182377,715-173,162-389,620975,201-432,451172,121-2,601,457-604,363-385,635-721,223-725,146110,040285,968
Operating Profit904,869763,05817,728615,960799,603-607,828846,934315,6093,887,7451,093,873790,1611,117,1011,263,321341,216132,935
Interest Payable000000125,60183,39081,190566,925622,824479,134602,64900
Interest Receivable000000000000000
Pre-Tax Profit288,396235,063-228,390206,543324,684-943,953304,698-3,6422,873,266463,180237,670326,589529,41063,116-1,390
Tax00-127,616-70819,532-44,52097,3900-113,012000000
Profit After Tax288,396235,063-356,006205,835344,216-988,473402,088-3,6422,760,254463,180237,670326,589529,41063,116-1,390
Dividends Paid000000000000000
Retained Profit288,396235,063-356,006205,835344,216-988,473402,088-3,6422,760,254463,180237,670326,589529,41063,116-1,390
Employee Costs000000000000000
Number Of Employees989119891127119912109
EBITDA*904,869763,05817,728615,960799,603-607,828846,934315,6093,887,7451,093,873790,1611,117,1011,263,321341,216132,935

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets000000000000020,173,31317,443,129
Intangible Assets000000000000000
Investments & Other16,215,00015,050,00014,400,00014,770,00016,166,27514,884,07517,424,07518,343,25117,666,10820,221,85118,143,91215,098,18520,588,22200
Debtors (Due After 1 year)000000000000000
Total Fixed Assets16,215,00015,050,00014,400,00014,770,00016,166,27514,884,07517,424,07518,343,25117,666,10820,221,85118,143,91215,098,18520,588,22220,173,31317,443,129
Stock & work in progress000000000000000
Trade Debtors105,198212,797326,058383,752124,026131,234113,208129,25867,099000000
Group Debtors00000000000000555,300
Misc Debtors696,824787,934808,0292,278,91547,3090002,644,91859,845179,37240,533129,09253,58339,354
Cash884,3381,730,6792,329,394820,7491,711,6022,912,805580,9031,385,30015,27021,7401,581,34629,59835,97135,6521,018,130
misc current assets00000000000000407,140
total current assets1,686,3602,731,4103,463,4813,483,4161,882,9373,044,039694,1111,514,5582,727,28781,5851,760,71870,131165,06389,2352,019,924
total assets17,901,36017,781,41017,863,48118,253,41618,049,21217,928,11418,118,18619,857,80920,393,39520,303,43619,904,63015,168,31620,753,28520,262,54819,463,053
Bank overdraft149,100227,604272,500264,000255,000268,000213,000232,750188,553000000
Bank loan000000000000000
Trade Creditors 00000000000325,663409,437508,8210
Group/Directors Accounts000000000000000
other short term finances000000000260,017260,000873,3285,253,8423,671,3474,211,396
hp & lease commitments000000000000000
other current liabilities1,080,9031,048,2711,127,4121,018,299814,766770,190957,1571,807,5203,048,3313,356,8324,044,28071,87892,809143,102349,528
total current liabilities1,230,0031,275,8751,399,9121,282,2991,069,7661,038,1901,170,1572,040,2703,236,8843,616,8494,304,2801,270,8695,756,0884,323,2704,560,924
loans4,985,7835,108,3575,301,4545,585,6715,800,5436,035,7055,149,8575,341,1514,509,5858,504,0066,716,7917,089,1497,938,83700
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities5,0595,0595,05900000000009,710,0438,364,090
provisions479,234531,734531,734404,118403,410422,942378,422475,812378,105000000
total long term liabilities5,470,0765,645,1505,838,2475,989,7896,203,9536,458,6475,528,2795,816,9634,887,6908,504,0066,716,7917,089,1497,938,8379,710,0438,364,090
total liabilities6,700,0796,921,0257,238,1597,272,0887,273,7197,496,8376,698,4367,857,2338,124,57412,120,85511,021,0718,360,01813,694,92514,033,31312,925,014
net assets11,201,28110,860,38510,625,32210,981,32810,775,49310,431,27711,419,75012,000,57612,268,8218,182,5818,883,5596,808,2987,058,3606,229,2356,538,039
total shareholders funds11,201,28110,860,38510,625,32210,981,32810,775,49310,431,27711,419,75012,000,57612,268,8218,182,5818,883,5596,808,2987,058,3606,229,2356,538,039
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit904,869763,05817,728615,960799,603-607,828846,934315,6093,887,7451,093,873790,1611,117,1011,263,321341,216132,935
Depreciation000000000000000
Amortisation000000000000000
Tax00-127,616-70819,532-44,52097,3900-113,012000000
Stock000000000000000
Debtors-198,709-133,356-1,528,5802,491,33240,10118,026-16,050-2,582,7592,652,172-119,527138,839-88,55975,509-541,071594,654
Creditors0000000000-325,663-83,774-99,384508,8210
Accruals and Deferred Income32,632-79,141109,113203,53344,576-186,967-850,363-1,240,811-308,501-687,4483,972,402-20,931-50,293-206,426349,528
Deferred Taxes & Provisions-52,5000127,616708-19,53244,520-97,39097,707378,105000000
Cash flow from operations1,083,710817,2731,655,421-1,671,839804,078-812,82112,6211,755,2641,192,165525,9524,298,0611,100,9551,038,1351,184,682-112,191
Investing Activities
capital expenditure000000-63,738-844,0394,146,82200020,173,313-2,730,184-17,443,129
Change in Investments1,165,000650,000-370,000-1,396,2751,282,200-2,540,000-919,176677,143-2,555,7432,077,9393,045,727-5,490,03720,588,22200
cash flow from investments-1,165,000-650,000370,0001,396,275-1,282,2002,540,000855,438-1,521,1826,702,565-2,077,939-3,045,7275,490,037-414,909-2,730,184-17,443,129
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 00000000-260,01717-613,328-4,380,5141,582,495-540,0494,211,396
Long term loans-122,574-193,097-284,217-214,872-235,162885,848-191,294831,566-3,994,4211,787,215-372,358-849,6887,938,83700
Hire Purchase and Lease Commitments000000000000000
other long term liabilities005,059000000000-9,710,0431,345,9538,364,090
share issue52,50000000-982,914-264,6031,325,986-1,164,1581,837,591-576,651299,715-371,9206,539,429
interest000000-125,601-83,390-81,190-566,925-622,824-479,134-602,64900
cash flow from financing-70,074-193,097-279,158-214,872-235,162885,848-1,299,809483,573-3,009,64256,149229,081-6,285,987-491,645433,98419,114,915
cash and cash equivalents
cash-846,341-598,7151,508,645-890,853-1,201,2032,331,902-804,3971,370,030-6,470-1,559,6061,551,748-6,373319-982,4781,018,130
overdraft-78,504-44,8968,5009,000-13,00055,000-19,75044,197188,553000000
change in cash-767,837-553,8191,500,145-899,853-1,188,2032,276,902-784,6471,325,833-195,023-1,559,6061,551,748-6,373319-982,4781,018,130

latate 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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Latate Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for latate limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NE8 area or any other competitors across 12 key performance metrics.

latate limited Ownership

LATATE LIMITED group structure

Latate Limited has 5 subsidiary companies.

LATATE LIMITED Shareholders

--

latate limited directors

Latate Limited currently has 6 directors. The longest serving directors include Mr Shamai Schleider (Dec 2001) and Ms Anna Schleider (Dec 2001).

officercountryagestartendrole
Mr Shamai Schleider71 years Dec 2001- Director
Ms Anna Schleider68 years Dec 2001- Director
Mrs Miriam SilverIsrael47 years Oct 2002- Director
Mr Yosef SchleiderIsrael41 years Dec 2002- Director
Mr Louis Wittler67 years Mar 2015- Director
Mr Harold EmanuelUnited Kingdom63 years Mar 2015- Director

P&L

March 2024

turnover

1.2m

+16%

operating profit

904.9k

0%

gross margin

37.9%

-1.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

11.2m

+0.03%

total assets

17.9m

+0.01%

cash

884.3k

-0.49%

net assets

Total assets minus all liabilities

latate limited company details

company number

04328611

Type

Private Ltd By Guarantee w/o Share Cap

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

COHEN ARNOLD

address

82 bewick road, gateshead, tyne and wear, NE8 1RS

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

latate 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 11 charges/mortgages relating to latate limited. Currently there are 4 open charges and 7 have been satisfied in the past.

latate 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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latate limited Companies House Filings - See Documents

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