l h group wheelsets limited
l h group wheelsets limited Company Information
Company Number
04452814
Next Accounts
Apr 2025
Shareholders
lh group holdings ltd
Group Structure
View All
Industry
Manufacture of other transport equipment n.e.c.
Registered Address
1 more london place, london, SE1 2AF
Website
www.lh-group.coml h group wheelsets limited Estimated Valuation
Pomanda estimates the enterprise value of L H GROUP WHEELSETS LIMITED at £2m based on a Turnover of £4.3m and 0.47x industry multiple (adjusted for size and gross margin).
l h group wheelsets limited Estimated Valuation
Pomanda estimates the enterprise value of L H GROUP WHEELSETS LIMITED at £2.6m based on an EBITDA of £596.6k and a 4.28x industry multiple (adjusted for size and gross margin).
l h group wheelsets limited Estimated Valuation
Pomanda estimates the enterprise value of L H GROUP WHEELSETS LIMITED at £14.9m based on Net Assets of £5.7m and 2.62x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
L H Group Wheelsets Limited Overview
L H Group Wheelsets Limited is a dissolved company that was located in london, SE1 2AF with a Companies House number of 04452814. It operated in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in May 2002, it's largest shareholder was lh group holdings ltd with a 100% stake. The last turnover for L H Group Wheelsets Limited was estimated at £4.3m.
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L H Group Wheelsets Limited Health Check
Pomanda's financial health check has awarded L H Group Wheelsets Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £4.3m, make it smaller than the average company (£12.2m)
£4.3m - L H Group Wheelsets Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (1.9%)
-21% - L H Group Wheelsets Limited
1.9% - Industry AVG
Production
with a gross margin of 31%, this company has a lower cost of product (25.1%)
31% - L H Group Wheelsets Limited
25.1% - Industry AVG
Profitability
an operating margin of 13.7% make it more profitable than the average company (4%)
13.7% - L H Group Wheelsets Limited
4% - Industry AVG
Employees
with 20 employees, this is below the industry average (67)
- L H Group Wheelsets Limited
67 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
- L H Group Wheelsets Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £214.5k, this is more efficient (£163.8k)
- L H Group Wheelsets Limited
£163.8k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (57 days)
30 days - L H Group Wheelsets Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is close to average (48 days)
45 days - L H Group Wheelsets Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 56 days, this is in line with average (63 days)
56 days - L H Group Wheelsets Limited
63 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - L H Group Wheelsets Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.2%, this is a lower level of debt than the average (54.5%)
29.2% - L H Group Wheelsets Limited
54.5% - Industry AVG
L H GROUP WHEELSETS LIMITED financials
L H Group Wheelsets Limited's latest turnover from December 2020 is £4.3 million and the company has net assets of £5.7 million. According to their latest financial statements, we estimate that L H Group Wheelsets Limited has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 4,289,139 | 5,987,427 | 9,685,100 | 8,697,722 | 7,237,452 | 9,211,362 | 9,482,472 | 7,376,726 | 6,453,915 | 5,812,346 | 8,417,359 | 8,434,692 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 2,959,136 | 4,531,478 | 7,370,731 | 6,285,697 | 5,599,899 | 6,962,490 | 6,923,434 | 6,521,335 | 5,703,389 | 5,126,429 | 7,630,829 | 7,206,490 |
| Gross Profit | 1,330,003 | 1,455,949 | 2,314,369 | 2,412,025 | 1,637,553 | 2,248,872 | 2,559,038 | 855,391 | 750,526 | 685,917 | 786,530 | 1,228,202 |
| Admin Expenses | 742,190 | 1,033,518 | 1,658,892 | 1,512,662 | 884,572 | 1,292,703 | 1,326,084 | 821,299 | 645,580 | 770,555 | 1,076,066 | |
| Operating Profit | 587,813 | 422,431 | 655,477 | 899,363 | 752,981 | 956,169 | 1,232,954 | -70,773 | 40,337 | 15,975 | 152,136 | |
| Interest Payable | 2,093 | 3,711 | 5,677 | |||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | 587,813 | 422,431 | 655,477 | 899,363 | 752,981 | 956,169 | 1,232,954 | -426,135 | -72,866 | 36,626 | 10,298 | 152,136 |
| Tax | 1,051 | 706 | 1,073 | 1,996 | 2,003 | 2,203 | 1,212 | 1,991 | 2,994 | -4,771 | 4,740 | -49,060 |
| Profit After Tax | 588,864 | 423,137 | 656,550 | 901,359 | 754,984 | 958,372 | 1,234,166 | -424,144 | -69,872 | 31,855 | 15,038 | 103,076 |
| Dividends Paid | ||||||||||||
| Retained Profit | 588,864 | 423,137 | 656,550 | 901,359 | 754,984 | 958,372 | 1,234,166 | -424,144 | -69,872 | 31,855 | 15,038 | 103,076 |
| Employee Costs | 1,721,243 | 1,692,011 | ||||||||||
| Number Of Employees | 62 | 59 | ||||||||||
| EBITDA* | 596,598 | 431,273 | 667,507 | 918,084 | 771,698 | 974,886 | 1,251,671 | -42,889 | 84,013 | 72,725 | 193,845 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 6,920 | 15,705 | 24,547 | 36,577 | 55,298 | 74,015 | 92,732 | 111,449 | 130,165 | 158,049 | 201,725 | 268,724 |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 6,920 | 15,705 | 24,547 | 36,577 | 55,298 | 74,015 | 92,732 | 111,449 | 130,165 | 158,049 | 201,725 | 268,724 |
| Stock & work in progress | 459,429 | 423,652 | 600,958 | 665,821 | 400,764 | 851,766 | 887,474 | 913,774 | 1,027,992 | 764,597 | 1,043,730 | 894,724 |
| Trade Debtors | 353,023 | 549,185 | 1,307,490 | 1,558,351 | 1,016,739 | 632,930 | 1,170,692 | 1,320,560 | 1,189,492 | 675,987 | 1,205,631 | 1,297,306 |
| Group Debtors | 7,204,977 | 7,242,483 | 6,400,724 | 2,885,226 | 3,005,813 | 2,149,068 | 57,252 | 284,896 | 131,076 | 1,267,509 | 835,777 | |
| Misc Debtors | 2,015 | 964 | 258 | 99,103 | 72,841 | 26,077 | 87,518 | 142,915 | 71,045 | |||
| Cash | 342,768 | 54,540 | 150,374 | |||||||||
| misc current assets | ||||||||||||
| total current assets | 8,019,444 | 8,216,284 | 8,309,430 | 5,109,398 | 4,423,316 | 3,633,764 | 2,557,289 | 2,361,715 | 2,678,831 | 1,659,178 | 3,659,785 | 3,098,852 |
| total assets | 8,026,364 | 8,231,989 | 8,333,977 | 5,145,975 | 4,478,614 | 3,707,779 | 2,650,021 | 2,473,164 | 2,808,996 | 1,817,227 | 3,861,510 | 3,367,576 |
| Bank overdraft | 340,186 | 1,421,966 | 328,466 | |||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 365,903 | 536,681 | 793,475 | 786,092 | 966,863 | 950,877 | 887,319 | 964,235 | 887,179 | 423,706 | 660,001 | 713,357 |
| Group/Directors Accounts | 1,874,245 | 2,463,186 | 2,527,819 | 122,623 | 1,222,342 | 1,116,916 | 85,592 | 1,013,884 | 1,601,637 | |||
| other short term finances | ||||||||||||
| hp & lease commitments | 15,052 | 13,960 | ||||||||||
| other current liabilities | 104,451 | 139,221 | 342,919 | 223,231 | 397,085 | 357,533 | 319,502 | 76,341 | 166,794 | 246,154 | 55,179 | 92,660 |
| total current liabilities | 2,344,599 | 3,139,088 | 3,664,213 | 1,131,946 | 1,363,948 | 1,308,410 | 1,206,821 | 2,262,918 | 2,170,889 | 1,110,690 | 3,164,990 | 2,736,120 |
| loans | 37,684 | 37,684 | 37,684 | 39,410 | ||||||||
| hp & lease commitments | 34,974 | 50,026 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 815 | 2,811 | 4,814 | 7,017 | 8,229 | 10,220 | 13,214 | 20,000 | 20,000 | |||
| total long term liabilities | 815 | 2,811 | 42,498 | 44,701 | 45,913 | 49,630 | 48,188 | 70,026 | 20,000 | |||
| total liabilities | 2,344,599 | 3,139,088 | 3,664,213 | 1,132,761 | 1,366,759 | 1,350,908 | 1,251,522 | 2,308,831 | 2,220,519 | 1,158,878 | 3,235,016 | 2,756,120 |
| net assets | 5,681,765 | 5,092,901 | 4,669,764 | 4,013,214 | 3,111,855 | 2,356,871 | 1,398,499 | 164,333 | 588,477 | 658,349 | 626,494 | 611,456 |
| total shareholders funds | 5,681,765 | 5,092,901 | 4,669,764 | 4,013,214 | 3,111,855 | 2,356,871 | 1,398,499 | 164,333 | 588,477 | 658,349 | 626,494 | 611,456 |
| 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 | 587,813 | 422,431 | 655,477 | 899,363 | 752,981 | 956,169 | 1,232,954 | -70,773 | 40,337 | 15,975 | 152,136 | |
| Depreciation | 8,785 | 8,842 | 12,030 | 18,721 | 18,717 | 18,717 | 18,717 | 18,716 | 27,884 | 43,676 | 56,750 | 41,709 |
| Amortisation | ||||||||||||
| Tax | 1,051 | 706 | 1,073 | 1,996 | 2,003 | 2,203 | 1,212 | 1,991 | 2,994 | -4,771 | 4,740 | -49,060 |
| Stock | 35,777 | -177,306 | -64,863 | 265,057 | -451,002 | -35,708 | -26,300 | -114,218 | 263,395 | -279,133 | 149,006 | 894,724 |
| Debtors | -232,617 | 84,160 | 3,264,895 | 421,025 | 1,240,554 | 1,454,951 | -66,354 | -107,064 | 605,884 | -1,721,474 | 411,927 | 2,204,128 |
| Creditors | -170,778 | -256,794 | 7,383 | -180,771 | 15,986 | 63,558 | -76,916 | 77,056 | 463,473 | -236,295 | -53,356 | 713,357 |
| Accruals and Deferred Income | -34,770 | -203,698 | 119,688 | -173,854 | 39,552 | 38,031 | 243,161 | -90,453 | -79,360 | 190,975 | -37,481 | 92,660 |
| Deferred Taxes & Provisions | -815 | -1,996 | -2,003 | -2,203 | -1,212 | -1,991 | -2,994 | -6,786 | 20,000 | |||
| Cash flow from operations | 588,941 | 64,633 | -2,405,196 | -122,623 | 37,684 | -342,768 | 1,510,570 | -528,055 | 2,027,743 | -574,305 | -2,128,050 | |
| Investing Activities | ||||||||||||
| capital expenditure | 10,249 | -129,090 | ||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | 10,249 | -129,090 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -588,941 | -64,633 | 2,405,196 | 122,623 | -1,222,342 | 105,426 | 1,031,324 | -928,292 | -587,753 | 1,601,637 | ||
| Other Short Term Loans | ||||||||||||
| Long term loans | -37,684 | -1,726 | 39,410 | |||||||||
| Hire Purchase and Lease Commitments | -50,026 | -13,960 | 63,986 | |||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -2,093 | -3,711 | -5,677 | |||||||||
| cash flow from financing | -588,941 | -64,633 | 2,405,196 | 122,623 | -37,684 | -1,222,342 | 103,700 | 1,018,615 | -945,963 | -529,444 | 2,110,017 | |
| cash and cash equivalents | ||||||||||||
| cash | -342,768 | 288,228 | -95,834 | 150,374 | ||||||||
| overdraft | -340,186 | -1,081,780 | 1,093,500 | 328,466 | ||||||||
| change in cash | -342,768 | 288,228 | -95,834 | 490,560 | 1,081,780 | -1,093,500 | -328,466 |
l h group wheelsets limited Credit Report and Business Information
L H Group Wheelsets Limited Competitor Analysis
Perform a competitor analysis for l h group wheelsets limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in SE1 area or any other competitors across 12 key performance metrics.
l h group wheelsets limited Ownership
L H GROUP WHEELSETS LIMITED group structure
L H Group Wheelsets Limited has no subsidiary companies.
Ultimate parent company
1 parent
L H GROUP WHEELSETS LIMITED
04452814
l h group wheelsets limited directors
L H Group Wheelsets Limited currently has 2 directors. The longest serving directors include Mr Garry Mowbray (May 2022) and Mr Tim Bentley (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Garry Mowbray | United Kingdom | 54 years | May 2022 | - | Director |
| Mr Tim Bentley | 59 years | Aug 2022 | - | Director |
P&L
December 2020turnover
4.3m
-28%
operating profit
587.8k
+39%
gross margin
31.1%
+27.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
5.7m
+0.12%
total assets
8m
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
l h group wheelsets limited company details
company number
04452814
Type
Private limited with Share Capital
industry
30990 - Manufacture of other transport equipment n.e.c.
incorporation date
May 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2020
previous names
N/A
accountant
-
auditor
-
address
1 more london place, london, SE1 2AF
Bank
BARCLAYS BANK PLC
Legal Advisor
-
l h group wheelsets 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 2 charges/mortgages relating to l h group wheelsets limited. Currently there are 0 open charges and 2 have been satisfied in the past.
l h group wheelsets 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.
Click to start generating capital raising & share issue transactions for L H GROUP WHEELSETS LIMITED. This can take several minutes, an email will notify you when this has completed.
l h group wheelsets limited Companies House Filings - See Documents
| date | description | view/download |
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