Ludgate 329 Limited

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ludgate 329 limited Company Information

Live

MatureLargeDeclining

Company Number

04993514

Website

http://fkabrands.com

Registered Address

homedics house, somerhill business park, five oak green road tonbridge, kent, TN11 0GP

Industry

Activities of head offices

Telephone

Next Accounts Due

June 2024

Group Structure

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Directors

Alon Kaufman20 Years

Sabyasachi Sen8 Years

Shareholders

fka distributing co 100%

ludgate 329 limited Estimated Valuation

£163.2m

Pomanda estimates the enterprise value of LUDGATE 329 LIMITED at £163.2m based on a Turnover of £34.9m and 4.67x industry multiple (adjusted for size and gross margin).

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Ludgate 329 Limited is a live company located in five oak green road tonbridge, TN11 0GP with a Companies House number of 04993514. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2003, it's largest shareholder is fka distributing co with a 100% stake. Ludgate 329 Limited is a mature, large sized company, Pomanda has estimated its turnover at £34.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Ludgate 329 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £34.9m, make it larger than the average company (£19.1m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.1%)

EXPORT

Ludgate 329 Limited's latest turnover from September 2022 is £34.9 million and the company has net assets of £7.1 million. According to their latest financial statements, Ludgate 329 Limited has 88 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	34,949,684	37,117,602	53,970,336	45,962,230	45,454,000	46,206,337	45,657,625	44,436,973	45,201,980	46,089,543	50,462,654	57,926,064	50,065,573	34,923,577
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	25,596,628	26,628,801	36,525,447	30,457,734	30,506,454	31,868,408	31,208,721	30,338,119	32,238,981	31,819,093	33,296,652	35,711,228	29,964,803	21,325,569
Gross Profit	9,353,056	10,488,801	17,444,889	15,504,496	14,947,546	14,337,929	14,448,904	14,098,854	12,962,999	14,270,450	17,166,002	22,214,836	20,100,770	13,598,008
Admin Expenses	16,847,010	13,153,760	13,384,056	16,290,895	15,052,466	15,371,232	16,409,318	17,075,983	15,828,988	16,027,575	15,880,563	18,691,362	19,844,869	15,270,684
Operating Profit	-7,493,954	-2,664,959	4,060,833	-786,399	-104,920	-1,033,303	-1,960,414	-2,977,129	-2,865,989	-1,757,125	1,285,439	3,523,474	255,901	-1,672,676
Interest Payable	87,895	45,808	314,500	474,501	453,056	388,645	15,150	568,512	526,047	582,920	600,746	466,250	1,308,916	1,570,375
Interest Receivable	57	1,192,749	869	1,768	3,068	3,081	272,808	7,696	18,791	14,929	7,140	3,574	7,351	1,662
Pre-Tax Profit	-8,175,471	29,442,879	3,747,202	-1,259,132	-554,909	-1,418,867	-1,702,756	-3,537,945	-3,373,245	-2,325,116	691,833	3,060,798	-1,045,664	-3,241,389
Tax	-584,232	-367,174	-1,283,786	-147,521	-1,125,510	17,827	97,582	-24,354	-149,073	-413,863	-282,853	-1,733,805	-491,084	251,848
Profit After Tax	-8,759,703	29,075,705	2,463,416	-1,406,653	-1,680,419	-1,401,040	-1,605,174	-3,562,299	-3,522,318	-2,738,979	408,980	1,326,993	-1,536,748	-2,989,541
Dividends Paid	0	3,830,428	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,759,703	25,245,277	2,463,416	-1,406,653	-1,680,419	-1,401,040	-1,605,174	-3,562,299	-3,522,318	-2,738,979	408,980	1,326,993	-1,536,748	-2,989,541
Employee Costs	4,916,796	5,639,565	4,820,943	4,481,971	4,245,565	4,058,966	3,847,510	4,105,909	3,959,088	3,898,804	3,775,368	4,158,810	4,303,328	3,853,566
Number Of Employees	88	88	73	73	72	64	62	64	73	73	73	69	62	59
EBITDA*	-7,344,571	-1,322,190	5,338,022	521,039	1,235,929	345,423	-540,112	-1,475,838	-1,332,371	-243,172	2,852,378	5,124,373	1,773,729	-282,112

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	223,645	275,157	300,987	334,087	442,130	557,403	481,911	650,803	959,075	1,117,944	1,170,729	1,184,209	1,078,698	1,230,122
Intangible Assets	673,750	5,919	3,630,290	4,687,437	5,714,436	6,785,021	7,830,000	8,815,614	9,856,512	10,897,410	11,938,308	12,979,206	14,020,104	15,061,001
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	149,319	400,654	765,570	732,306	627,553
Total Fixed Assets	897,395	281,076	3,931,277	5,021,524	6,156,566	7,342,424	8,311,911	9,466,417	10,815,587	12,164,673	13,509,691	14,928,985	15,831,108	16,918,676
Stock & work in progress	24,328,800	19,861,344	16,685,409	14,142,710	16,263,829	15,318,795	17,042,289	20,836,396	16,728,828	20,748,093	19,910,854	18,072,287	21,229,665	14,098,310
Trade Debtors	4,026,864	9,284,976	12,311,041	6,677,302	7,898,708	7,219,429	8,413,204	7,057,701	7,172,386	7,236,360	6,977,637	8,235,820	7,834,738	7,740,955
Group Debtors	31,925	3,874	158,392	2,686	22,707	0	0	0	0	0	0	84,232	444,948	80,401
Misc Debtors	1,766,036	3,556,498	1,966,668	2,164,671	2,151,262	1,161,631	1,586,390	822,733	1,208,115	1,395,542	1,778,819	1,797,206	1,696,968	528,448
Cash	1,698,401	2,416,163	6,491,002	3,793,386	3,232,402	5,443,709	3,097,131	2,438,925	3,585,437	4,422,010	2,310,900	2,157,144	788,602	533,172
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,852,026	35,122,855	37,612,512	26,780,755	29,568,908	29,143,564	30,139,014	31,155,755	28,694,766	33,802,005	30,978,210	30,346,689	31,994,921	22,981,286
total assets	32,749,421	35,403,931	41,543,789	31,802,279	35,725,474	36,485,988	38,450,925	40,622,172	39,510,353	45,966,678	44,487,901	45,275,674	47,826,029	39,899,962
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	14,619,284	12,806,390	13,765,607	8,608,168	6,760,570	5,388,170	5,975,800	2,304,272	3,020,316	2,633,914	4,772,583	2,418,142	2,950,575	1,240,755
Group/Directors Accounts	8,088,381	2,221,690	5,154,929	5,155,179	19,569,561	21,684,067	22,780,348	27,028,955	21,663,427	24,846,538	19,391,586	20,623,181	24,409,003	17,779,480
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	2,388,250	3,037,236	3,081,737	1,483,799	2,629,130	1,251,802	963,763	1,649,918	1,936,471	1,648,259	1,124,708	2,486,232	1,832,999	1,655,437
total current liabilities	25,095,915	18,065,316	22,002,273	15,247,146	28,959,261	28,324,039	29,719,911	30,983,145	26,620,214	29,128,711	25,288,877	25,527,555	29,192,577	20,675,672
loans	0	0	27,049,819	27,552,024	0	16,162,502	16,162,502	16,162,502	16,162,502	16,162,502	16,162,502	16,162,502	16,162,502	16,162,502
hp & lease commitments	0	0	62,581	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	16,663,702	225,735	134,409	158,203	0	0	0	0	0	0
provisions	561,878	1,542,660	1,825,201	876,753	936,540	926,638	798,790	808,660	1,320,299	1,678,092	1,503,259	1,893,019	2,101,179	1,104,931
total long term liabilities	561,878	1,542,660	28,937,601	28,428,777	17,600,242	17,314,875	17,095,701	17,129,365	17,482,801	17,840,594	17,665,761	18,055,521	18,263,681	17,267,433
total liabilities	25,657,793	19,607,976	50,939,874	43,675,923	46,559,503	45,638,914	46,815,612	48,112,510	44,103,015	46,969,305	42,954,638	43,583,076	47,456,258	37,943,105
net assets	7,091,628	15,795,955	-9,396,085	-11,873,644	-10,834,029	-9,152,926	-8,364,687	-7,490,338	-4,592,662	-1,002,627	1,533,263	1,692,598	369,771	1,956,857
total shareholders funds	7,091,628	15,795,955	-9,396,085	-11,873,644	-10,834,029	-9,152,926	-8,364,687	-7,490,338	-4,592,662	-1,002,627	1,533,263	1,692,598	369,771	1,956,857

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-7,493,954	-2,664,959	4,060,833	-786,399	-104,920	-1,033,303	-1,960,414	-2,977,129	-2,865,989	-1,757,125	1,285,439	3,523,474	255,901	-1,672,676
Depreciation	117,213	206,233	220,042	236,210	270,263	309,647	379,404	460,393	492,720	473,055	526,041	560,001	476,931	349,666
Amortisation	32,170	1,136,536	1,057,147	1,071,228	1,070,586	1,069,079	1,040,898	1,040,898	1,040,898	1,040,898	1,040,898	1,040,898	1,040,897	1,040,898
Tax	-584,232	-367,174	-1,283,786	-147,521	-1,125,510	17,827	97,582	-24,354	-149,073	-413,863	-282,853	-1,733,805	-491,084	251,848
Stock	4,467,456	3,175,935	2,542,699	-2,121,119	945,034	-1,723,494	-3,794,107	4,107,568	-4,019,265	837,239	1,838,567	-3,157,378	7,131,355	14,098,310
Debtors	-7,020,523	-1,590,753	5,591,442	-1,228,018	1,691,617	-1,618,534	2,119,160	-500,067	-400,720	-375,889	-1,725,718	173,868	1,731,603	8,977,357
Creditors	1,812,894	-959,217	5,157,439	1,847,598	1,372,400	-587,630	3,671,528	-716,044	386,402	-2,138,669	2,354,441	-532,433	1,709,820	1,240,755
Accruals and Deferred Income	-648,986	-44,501	1,597,938	-1,145,331	1,377,328	288,039	-686,155	-286,553	288,212	523,551	-1,361,524	653,233	177,562	1,655,437
Deferred Taxes & Provisions	-980,782	-282,541	948,448	-59,787	9,902	127,848	-9,870	-511,639	-357,793	174,833	-389,760	-208,160	996,248	1,104,931
Cash flow from operations	-5,192,610	-4,560,805	3,623,920	4,365,135	233,398	3,533,535	4,207,920	-6,621,929	3,255,362	-2,558,670	3,059,833	6,286,718	-4,696,683	-19,104,808
Investing Activities
capital expenditure	0	0	0	0	-178,111	-355,691	-197,537	-119,371	-327,621	-419,648	-515,059	-666,303	-332,222	-574,761
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-178,111	-355,691	-197,537	-119,371	-327,621	-419,648	-515,059	-666,303	-332,222	-574,761
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	5,866,691	-2,933,239	-250	-14,414,382	-2,114,506	-1,096,281	-4,248,607	5,365,528	-3,183,111	5,454,952	-1,231,595	-3,785,822	6,629,523	17,779,480
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-27,049,819	-502,205	27,552,024	-16,162,502	0	0	0	0	0	0	0	0	16,162,502
Hire Purchase and Lease Commitments	0	-62,581	62,581	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-16,663,702	16,437,967	91,326	-23,794	158,203	0	0	0	0	0	0
share issue	55,376	-53,237	14,143	367,038	-684	612,801	730,825	664,623	-67,717	203,089	-568,315	-4,166	-50,338	4,946,398
interest	-87,838	1,146,941	-313,631	-472,733	-449,988	-385,564	257,658	-560,816	-507,256	-567,991	-593,606	-462,676	-1,301,565	-1,568,713
cash flow from financing	5,834,229	-28,951,935	-739,362	-3,631,755	-2,289,713	-777,718	-3,283,918	5,627,538	-3,758,084	5,090,050	-2,393,516	-4,252,664	5,277,620	37,319,667
cash and cash equivalents
cash	-717,762	-4,074,839	2,697,616	560,984	-2,211,307	2,346,578	658,206	-1,146,512	-836,573	2,111,110	153,756	1,368,542	255,430	533,172
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-717,762	-4,074,839	2,697,616	560,984	-2,211,307	2,346,578	658,206	-1,146,512	-836,573	2,111,110	153,756	1,368,542	255,430	533,172

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LUDGATE 329 LIMITED group structure

Ludgate 329 Limited has 2 subsidiary companies.

Ultimate parent company

FKA DISTRIBUTING CO

#0051877

1 parent

LUDGATE 329 LIMITED

04993514

2 subsidiaries

FKA HOUSEWARES LIMITED

06135840

SLTR GROUP LIMITED

04346488

LUDGATE 329 LIMITED Shareholders

fka distributing co

100%

Ludgate 329 Limited currently has 2 directors. The longest serving directors include Mr Alon Kaufman (Mar 2004) and Mr Sabyasachi Sen (Jul 2015).

officer	country	age	start	end	role
Mr Alon Kaufman	England	61 years	Mar 2004	-	Director
Mr Sabyasachi Sen	Usa	62 years	Jul 2015	-	Director

P&L

September 2022

turnover

34.9m

-6%

operating profit

-7.5m

+181%

gross margin

26.8%

-5.3%

turnover

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

Balance Sheet

September 2022

net assets

7.1m

-0.55%

total assets

32.7m

-0.07%

cash

1.7m

-0.3%

net assets

Total assets minus all liabilities

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company number

04993514

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

December 2003

age

accounts

Group

ultimate parent company

FKA DISTRIBUTING CO

previous names

N/A

incorporated

address

homedics house, somerhill business park, five oak green road tonbridge, kent, TN11 0GP

last accounts submitted

September 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.

We found 4 charges/mortgages relating to ludgate 329 limited. Currently there are 2 open charges and 2 have been satisfied in the past.

ludgate 329 limited Company Information

ludgate 329 limited Estimated Valuation

ludgate 329 limited Estimated Valuation

ludgate 329 limited Estimated Valuation

Ludgate 329 Limited Overview

Ludgate 329 Limited Health Check

LUDGATE 329 LIMITED financials

ludgate 329 limited Credit Report and Business Information

Ludgate 329 Limited Competitor Analysis

ludgate 329 limited Ownership

ludgate 329 limited directors

ludgate 329 limited company details

ludgate 329 limited Charges & Mortgages

ludgate 329 limited Companies House Filings - See Documents