ludgate 329 limited
ludgate 329 limited Company Information
Company Number
04993514
Next Accounts
280 days late
Shareholders
fka distributing co
Group Structure
View All
Industry
Activities of head offices
Registered Address
homedics house, somerhill business park, five oak green road tonbridge, kent, TN11 0GP
Website
http://fkabrands.comludgate 329 limited Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE 329 LIMITED at £29.3m based on a Turnover of £34.9m and 0.84x industry multiple (adjusted for size and gross margin).
ludgate 329 limited Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE 329 LIMITED at £0 based on an EBITDA of £-7.3m and a 6.64x industry multiple (adjusted for size and gross margin).
ludgate 329 limited Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE 329 LIMITED at £14.9m based on Net Assets of £7.1m and 2.11x industry multiple (adjusted for liquidity).
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Ludgate 329 Limited Overview
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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Ludgate 329 Limited Health Check
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 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £34.9m, make it larger than the average company (£18.3m)
£34.9m - Ludgate 329 Limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.3%)
-9% - Ludgate 329 Limited
2.3% - Industry AVG
Production
with a gross margin of 26.8%, this company has a comparable cost of product (33.1%)
26.8% - Ludgate 329 Limited
33.1% - Industry AVG
Profitability
an operating margin of -21.4% make it less profitable than the average company (6.3%)
-21.4% - Ludgate 329 Limited
6.3% - Industry AVG
Employees
with 88 employees, this is similar to the industry average (110)
88 - Ludgate 329 Limited
110 - Industry AVG
Pay Structure
on an average salary of £55.9k, the company has a higher pay structure (£44.3k)
£55.9k - Ludgate 329 Limited
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £397.2k, this is more efficient (£180.9k)
£397.2k - Ludgate 329 Limited
£180.9k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (47 days)
42 days - Ludgate 329 Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 208 days, this is slower than average (46 days)
208 days - Ludgate 329 Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 346 days, this is more than average (50 days)
346 days - Ludgate 329 Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (17 weeks)
3 weeks - Ludgate 329 Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.4%, this is a higher level of debt than the average (56.9%)
78.4% - Ludgate 329 Limited
56.9% - Industry AVG
LUDGATE 329 LIMITED financials
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 | ||||||||||||||
| 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 | 3,830,428 | |||||||||||||
| 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 | ||||||||||||||
| Debtors (Due After 1 year) | 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 | 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 | ||||||||||||||
| 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 | ||||||||||||||
| Bank loan | ||||||||||||||
| 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 | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| 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 | 27,049,819 | 27,552,024 | 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 | 62,581 | |||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 16,663,702 | 225,735 | 134,409 | 158,203 | ||||||||||
| 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 | -178,111 | -355,691 | -197,537 | -119,371 | -327,621 | -419,648 | -515,059 | -666,303 | -332,222 | -574,761 | ||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -178,111 | -355,691 | -197,537 | -119,371 | -327,621 | -419,648 | -515,059 | -666,303 | -332,222 | -574,761 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| 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 | ||||||||||||||
| Long term loans | -27,049,819 | -502,205 | 27,552,024 | -16,162,502 | 16,162,502 | |||||||||
| Hire Purchase and Lease Commitments | -62,581 | 62,581 | ||||||||||||
| other long term liabilities | -16,663,702 | 16,437,967 | 91,326 | -23,794 | 158,203 | |||||||||
| share issue | ||||||||||||||
| 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 | ||||||||||||||
| 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 |
ludgate 329 limited Credit Report and Business Information
Ludgate 329 Limited Competitor Analysis
Perform a competitor analysis for ludgate 329 limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in TN11 area or any other competitors across 12 key performance metrics.
ludgate 329 limited Ownership
LUDGATE 329 LIMITED group structure
Ludgate 329 Limited has 3 subsidiary companies.
Ultimate parent company
FKA DISTRIBUTING CO
#0051877
1 parent
LUDGATE 329 LIMITED
04993514
3 subsidiaries
ludgate 329 limited directors
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 | 62 years | Mar 2004 | - | Director |
| Mr Sabyasachi Sen | Usa | 62 years | Jul 2015 | - | Director |
P&L
September 2022turnover
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 2022net assets
7.1m
-0.55%
total assets
32.7m
-0.07%
cash
1.7m
-0.3%
net assets
Total assets minus all liabilities
ludgate 329 limited company details
company number
04993514
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2003
age
22
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
homedics house, somerhill business park, five oak green road tonbridge, kent, TN11 0GP
Bank
BANK OF AMERICA
Legal Advisor
FAEGRE & BENSON LLP
ludgate 329 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 5 charges/mortgages relating to ludgate 329 limited. Currently there are 1 open charges and 4 have been satisfied in the past.
ludgate 329 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 LUDGATE 329 LIMITED. This can take several minutes, an email will notify you when this has completed.
ludgate 329 limited Companies House Filings - See Documents
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