Lasnek Limited

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lasnek limited Company Information

Live

MatureSmallDeclining

Company Number

04612589

Website

www.lasnek.com

Registered Address

kensal house, 1-4 president way, luton, bedfordshire, LU2 9NR

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01582425777

Next Accounts Due

September 2024

Group Structure

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Directors

John Southwood20 Years

Shareholders

janet southwood & mark antony southwood & debbie lappage 33.3%

patricia maud southwood 25%

View All

lasnek limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of LASNEK LIMITED at £7m based on Net Assets of £3.2m and 2.19x industry multiple (adjusted for liquidity).

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Lasnek Limited is a live company located in luton, LU2 9NR with a Companies House number of 04612589. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in December 2002, it's largest shareholder is janet southwood & mark antony southwood & debbie lappage with a 33.3% stake. Lasnek Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Lasnek Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LASNEK LIMITED group structure

Lasnek Limited has no subsidiary companies.

Ultimate parent company

LASNEK LIMITED

04612589

LASNEK LIMITED Shareholders

janet southwood & mark antony southwood & debbie lappage	33.33%
patricia maud southwood	25%
john charles southwood	25%
janet southwood	16.67%

Lasnek Limited currently has 1 director, Mr John Southwood serving since Dec 2003.

officer	country	age	start	end	role
Mr John Southwood	United Kingdom	71 years	Dec 2003	-	Director

EXPORT

Lasnek Limited's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of £3.2 million. According to their latest financial statements, Lasnek Limited has 21 employees and maintains cash reserves of £2.4 million 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	2,892,479	5,714,704	6,770,695	5,624,327	4,423,087	4,496,189	4,160,889	4,425,776	3,522,983	3,279,689	3,497,297	2,384,941	2,057,534	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,022,960	4,027,348	4,753,347	3,948,265	3,106,705	3,110,158	2,875,956	3,069,117	2,460,151	2,307,381	2,468,730	1,681,164	1,433,906	0
Gross Profit	869,519	1,687,356	2,017,348	1,676,063	1,316,382	1,386,031	1,284,932	1,356,659	1,062,832	972,308	1,028,566	703,777	623,628	0
Admin Expenses	449,183	1,122,927	1,925,784	1,262,599	678,194	1,045,275	1,194,214	1,398,411	1,081,125	820,059	690,577	542,695	620,991	-866,238
Operating Profit	420,336	564,429	91,564	413,464	638,188	340,756	90,718	-41,752	-18,293	152,249	337,989	161,082	2,637	866,238
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	61,937	2,273	487	2,046	3,441	2,385	1,072	2,715	1,883	946	1,001	699	780	637
Pre-Tax Profit	482,273	566,702	92,051	415,510	641,628	343,141	91,790	-39,037	-16,410	153,195	338,989	161,781	3,417	866,875
Tax	-91,632	-107,673	-17,490	-78,947	-121,909	-65,197	-18,358	0	0	-35,235	-81,357	-42,063	-957	-242,725
Profit After Tax	390,641	459,029	74,561	336,563	519,719	277,944	73,432	-39,037	-16,410	117,960	257,632	119,718	2,460	624,150
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	390,641	459,029	74,561	336,563	519,719	277,944	73,432	-39,037	-16,410	117,960	257,632	119,718	2,460	624,150
Employee Costs	810,613	1,200,616	1,162,023	1,143,899	1,104,431	981,091	1,167,210	1,147,730	934,722	863,377	875,687	608,221	559,955	0
Number Of Employees	21	33	32	32	32	29	35	35	29	27	28	20	19	0
EBITDA*	463,540	721,181	255,854	558,362	773,685	357,085	99,327	-34,549	-12,800	154,860	338,490	161,423	3,293	866,818

* 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	68,558	73,233	210,703	365,031	399,784	295,320	14,455	19,320	14,151	18,024	2,213	1,214	1,155	581
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	68,558	73,233	210,703	365,031	399,784	295,320	14,455	19,320	14,151	18,024	2,213	1,214	1,155	581
Stock & work in progress	257,461	191,010	152,356	196,533	161,341	137,432	105,409	137,269	141,680	129,564	173,274	42,476	63,072	47,120
Trade Debtors	879,470	2,140,603	2,215,348	1,977,844	1,567,656	1,336,436	1,264,240	1,200,415	939,990	1,016,514	1,007,398	742,983	661,335	545,298
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	40,298	35,376	1,800	0	10,800	17,937	10,800	11,202	0	0	0	0	0	0
Cash	2,437,574	1,101,678	717,012	257,145	288,527	628,995	325,068	532,894	553,104	200,271	178,080	222,299	57,311	254,677
misc current assets	0	0	0	0	0	0	0	3,282	0	0	0	0	0	0
total current assets	3,614,803	3,468,667	3,086,516	2,431,522	2,028,324	2,120,800	1,705,517	1,885,062	1,634,774	1,346,349	1,358,752	1,007,758	781,718	847,095
total assets	3,683,361	3,541,900	3,297,219	2,796,553	2,428,108	2,416,120	1,719,972	1,904,382	1,648,925	1,364,373	1,360,965	1,008,972	782,873	847,676
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	133,960	215,825	718,290	281,357	111,964	783,824	449,035	662,542	543,315	242,353	356,905	262,544	156,163	223,426
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	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	350,739	518,154	230,137	240,965	378,476	214,347	130,932	175,267	0	0	0	0	0	0
total current liabilities	484,699	733,979	948,427	522,322	490,440	998,171	579,967	837,809	543,315	242,353	356,905	262,544	156,163	223,426
loans	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
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	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	484,699	733,979	948,427	522,322	490,440	998,171	579,967	837,809	543,315	242,353	356,905	262,544	156,163	223,426
net assets	3,198,662	2,807,921	2,348,792	2,274,231	1,937,668	1,417,949	1,140,005	1,066,573	1,105,610	1,122,020	1,004,060	746,428	626,710	624,250
total shareholders funds	3,198,662	2,807,921	2,348,792	2,274,231	1,937,668	1,417,949	1,140,005	1,066,573	1,105,610	1,122,020	1,004,060	746,428	626,710	624,250

	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	420,336	564,429	91,564	413,464	638,188	340,756	90,718	-41,752	-18,293	152,249	337,989	161,082	2,637	866,238
Depreciation	43,204	156,752	164,290	144,898	135,497	16,329	8,609	7,203	5,493	2,611	501	341	656	580
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-91,632	-107,673	-17,490	-78,947	-121,909	-65,197	-18,358	0	0	-35,235	-81,357	-42,063	-957	-242,725
Stock	66,451	38,654	-44,177	35,192	23,909	32,023	-31,860	-4,411	12,116	-43,710	130,798	-20,596	15,952	47,120
Debtors	-1,256,211	-41,169	239,304	399,388	224,083	79,333	63,423	271,627	-76,524	9,116	264,415	81,648	116,037	545,298
Creditors	-81,865	-502,465	436,933	169,393	-671,860	334,789	-213,507	119,227	300,962	-114,552	94,361	106,381	-67,263	223,426
Accruals and Deferred Income	-167,415	288,017	-10,828	-137,511	164,129	83,415	-44,335	175,267	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,312,388	401,575	469,342	76,717	-103,947	598,736	-208,436	-7,271	352,570	39,667	-43,719	164,689	-196,916	255,101
Investing Activities
capital expenditure	-38,529	-19,282	-9,962	-110,145	-239,961	-297,194	-3,744	-12,372	-1,620	-18,422	-1,500	-400	-1,230	-1,161
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-38,529	-19,282	-9,962	-110,145	-239,961	-297,194	-3,744	-12,372	-1,620	-18,422	-1,500	-400	-1,230	-1,161
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	100	100	0	0	0	0	0	0	0	0	0	0	0	100
interest	61,937	2,273	487	2,046	3,441	2,385	1,072	2,715	1,883	946	1,001	699	780	637
cash flow from financing	62,037	2,373	487	2,046	3,441	2,385	1,072	2,715	1,883	946	1,001	699	780	737
cash and cash equivalents
cash	1,335,896	384,666	459,867	-31,382	-340,468	303,927	-207,826	-20,210	352,833	22,191	-44,219	164,988	-197,366	254,677
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,335,896	384,666	459,867	-31,382	-340,468	303,927	-207,826	-20,210	352,833	22,191	-44,219	164,988	-197,366	254,677

P&L

December 2022

turnover

2.9m

-49%

operating profit

420.3k

gross margin

30.1%

+1.81%

turnover

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

Balance Sheet

December 2022

net assets

3.2m

+0.14%

total assets

3.7m

+0.04%

cash

2.4m

+1.21%

net assets

Total assets minus all liabilities

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company number

04612589

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

December 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

kensal house, 1-4 president way, luton, bedfordshire, LU2 9NR

last accounts submitted

December 2022

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.

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