Langs Farmgate Eggs Limited

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langs farmgate eggs limited Company Information

Live

MatureSmallHigh

Company Number

04983158

Website

Registered Address

7-9 station road, hesketh bank, preston, lancashire, PR4 6SN

Industry

Raising of poultry

Telephone

Next Accounts Due

July 2025

Group Structure

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Directors

Paul Lang20 Years

Shareholders

pamela lang 50%

paul lang 50%

langs farmgate eggs limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of LANGS FARMGATE EGGS LIMITED at £2.1m based on an EBITDA of £431.9k and a 4.92x industry multiple (adjusted for size and gross margin).

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Langs Farmgate Eggs Limited is a live company located in preston, PR4 6SN with a Companies House number of 04983158. It operates in the raising of poultry sector, SIC Code 01470. Founded in December 2003, it's largest shareholder is pamela lang with a 50% stake. Langs Farmgate Eggs Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.

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Pomanda's financial health check has awarded Langs Farmgate Eggs Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£18.1m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.3%)

EXPORT

Langs Farmgate Eggs Limited's latest turnover from October 2023 is estimated at £1.1 million and the company has net assets of £605.2 thousand. According to their latest financial statements, Langs Farmgate Eggs Limited has 6 employees and maintains cash reserves of £585.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,114,782	924,784	942,808	701,072	824,263	791,760	785,753	578,288	928,357	699,220	254,551	235,403	232,214	260,222	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	938,095	757,155	757,289	579,551	686,272	622,359	645,439	472,713	749,471	554,491	192,588	173,513	177,087	188,523	0
Gross Profit	176,687	167,629	185,520	121,520	137,991	169,400	140,314	105,575	178,886	144,729	61,964	61,890	55,126	71,698	0
Admin Expenses	-225,677	126,487	124,199	126,460	171,114	120,618	120,689	95,140	45,091	114,423	62,242	62,122	55,609	71,931	-51,517
Operating Profit	402,364	41,142	61,321	-4,940	-33,123	48,782	19,625	10,435	133,795	30,306	-278	-232	-483	-233	51,517
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	23,837	7,289	248	200	1,429	1,470	416	282	422	203	3	3	3	2	1
Pre-Tax Profit	426,201	48,431	61,569	-4,740	-31,694	50,252	20,041	10,716	134,216	30,509	-275	-229	-480	-231	51,518
Tax	-106,550	-9,202	-11,698	0	0	-9,548	-3,808	-2,143	-26,843	-6,407	0	0	0	0	-14,425
Profit After Tax	319,651	39,229	49,871	-4,740	-31,694	40,704	16,233	8,573	107,373	24,102	-275	-229	-480	-231	37,093
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	319,651	39,229	49,871	-4,740	-31,694	40,704	16,233	8,573	107,373	24,102	-275	-229	-480	-231	37,093
Employee Costs	198,228	185,409	185,558	188,170	233,004	208,026	195,892	51,968	74,925	78,191	25,015	24,928	23,763	46,912	0
Number Of Employees	6	6	6	6	8	8	8	2	3	3	1	1	1	2	0
EBITDA*	431,883	66,345	90,046	27,774	4,130	85,124	61,433	58,140	189,297	46,815	-278	-232	-483	-233	51,517

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	118,041	84,048	100,311	119,363	141,154	169,555	175,044	204,352	243,189	289,941	0	0	0	0	0
Intangible Assets	87,500	105,000	113,750	122,500	131,250	140,000	148,750	157,500	166,250	175,000	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	205,541	189,048	214,061	241,863	272,404	309,555	323,794	361,852	409,439	464,941	0	0	0	0	0
Stock & work in progress	7,203	9,427	59,061	37,178	26,742	29,779	36,743	50,647	71,285	52,773	0	0	0	0	0
Trade Debtors	104,519	84,107	74,487	38,732	58,350	66,629	49,448	76,316	79,489	30,539	43,211	43,211	43,211	43,211	43,211
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,892	3,548	6,893	5,687	4,983	9,891	4,325	5,618	0	0	0	0	0	0	0
Cash	585,665	367,820	280,093	215,420	184,685	196,479	195,558	137,408	87,895	80,765	538	538	492	522	338
misc current assets	0	9,455	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	708,279	474,357	420,534	297,017	274,760	302,778	286,074	269,989	238,669	164,077	43,749	43,749	43,703	43,733	43,549
total assets	913,820	663,405	634,595	538,880	547,164	612,333	609,868	631,841	648,108	629,018	43,749	43,749	43,703	43,733	43,549
Bank overdraft	0	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	0
Trade Creditors	80,832	71,264	75,493	54,530	53,022	60,420	56,254	47,616	138,839	166,791	7,870	7,595	7,320	6,870	6,455
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	2,988	2,651	2,651	0	0	0	0	0	0	0
other current liabilities	227,798	107,972	112,792	87,911	92,963	116,052	75,806	79,999	0	0	0	0	0	0	0
total current liabilities	308,630	179,236	188,285	142,441	145,985	179,460	134,711	130,266	138,839	166,791	7,870	7,595	7,320	6,870	6,455
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	2,988	5,639	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	0
other liabilities	0	198,630	200,000	200,000	200,000	200,000	280,000	320,000	341,906	399,557	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	2,680	0	0	0	0	0
total long term liabilities	0	198,630	200,000	200,000	200,000	200,000	282,988	325,639	341,906	402,237	0	0	0	0	0
total liabilities	308,630	377,866	388,285	342,441	345,985	379,460	417,699	455,905	480,745	569,028	7,870	7,595	7,320	6,870	6,455
net assets	605,190	285,539	246,310	196,439	201,179	232,873	192,169	175,936	167,363	59,990	35,879	36,154	36,383	36,863	37,094
total shareholders funds	605,190	285,539	246,310	196,439	201,179	232,873	192,169	175,936	167,363	59,990	35,879	36,154	36,383	36,863	37,094

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	402,364	41,142	61,321	-4,940	-33,123	48,782	19,625	10,435	133,795	30,306	-278	-232	-483	-233	51,517
Depreciation	29,519	16,453	19,975	23,964	28,503	27,592	33,058	38,955	46,752	16,509	0	0	0	0	0
Amortisation	0	8,750	8,750	8,750	8,750	8,750	8,750	8,750	8,750	0	0	0	0	0	0
Tax	-106,550	-9,202	-11,698	0	0	-9,548	-3,808	-2,143	-26,843	-6,407	0	0	0	0	-14,425
Stock	-2,224	-49,634	21,883	10,436	-3,037	-6,964	-13,904	-20,638	18,512	52,773	0	0	0	0	0
Debtors	27,756	6,275	36,961	-18,914	-13,187	22,747	-28,161	2,445	48,950	-12,672	0	0	0	0	43,211
Creditors	9,568	-4,229	20,963	1,508	-7,398	4,166	8,638	-91,223	-27,952	158,921	275	275	450	415	6,455
Accruals and Deferred Income	119,826	-4,820	24,881	-5,052	-23,089	40,246	-4,193	79,999	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-2,680	2,680	0	0	0	0	0
Cash flow from operations	429,195	91,453	65,348	32,708	-10,133	104,205	104,135	62,966	64,360	161,908	-3	43	-33	182	336
Investing Activities
capital expenditure	-46,012	-190	-923	-2,173	-102	-22,103	-3,750	-118	0	-481,450	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-46,012	-190	-923	-2,173	-102	-22,103	-3,750	-118	0	-481,450	0	0	0	0	0
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	-2,988	-2,651	-2,651	8,290	0	0	0	0	0	0	0
other long term liabilities	-198,630	-1,370	0	0	0	-80,000	-40,000	-21,906	-57,651	399,557	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	9	0	0	0	0	1
interest	23,837	7,289	248	200	1,429	1,470	416	282	422	203	3	3	3	2	1
cash flow from financing	-174,793	5,919	248	200	-1,559	-81,181	-42,235	-13,334	-57,229	399,769	3	3	3	2	2
cash and cash equivalents
cash	217,845	87,727	64,673	30,735	-11,794	921	58,150	49,513	7,130	80,227	0	46	-30	184	338
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	217,845	87,727	64,673	30,735	-11,794	921	58,150	49,513	7,130	80,227	0	46	-30	184	338

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LANGS FARMGATE EGGS LIMITED group structure

Langs Farmgate Eggs Limited has no subsidiary companies.

Ultimate parent company

LANGS FARMGATE EGGS LIMITED

04983158

LANGS FARMGATE EGGS LIMITED Shareholders

pamela lang	50%
paul lang	50%

Langs Farmgate Eggs Limited currently has 1 director, Mr Paul Lang serving since Dec 2003.

officer	country	age	start	end	role
Mr Paul Lang		66 years	Dec 2003	-	Director

P&L

October 2023

turnover

1.1m

+21%

operating profit

402.4k

gross margin

15.9%

-12.56%

turnover

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

Balance Sheet

October 2023

net assets

605.2k

+1.12%

total assets

913.8k

+0.38%

cash

585.7k

+0.59%

net assets

Total assets minus all liabilities

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company number

04983158

Type

Private limited with Share Capital

industry

01470 - Raising of poultry

incorporation date

December 2003

ultimate parent company

None

previous names

langs poultry rearers ltd (July 2012)

address

7-9 station road, hesketh bank, preston, lancashire, PR4 6SN

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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langs farmgate eggs limited Company Information

langs farmgate eggs limited Estimated Valuation

langs farmgate eggs limited Estimated Valuation

langs farmgate eggs limited Estimated Valuation

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LANGS FARMGATE EGGS LIMITED financials

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