Linnecor & Co Limited

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linnecor & co limited Company Information

Live

EstablishedMicroHigh

Company Number

05567057

Website

Registered Address

76 sherifoot lane, four oaks, sutton coldfield, west midlands, B75 5DU

Industry

Buying and selling of own real estate

Development of building projects

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

George Linnecor18 Years

Anne Linnecor18 Years

Shareholders

mr george adrian linnecor 76.1%

mr gregory alexander linnecor 11.9%

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linnecor & co limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of LINNECOR & CO LIMITED at £1.6m based on Net Assets of £1.2m and 1.37x industry multiple (adjusted for liquidity).

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Linnecor & Co Limited is a live company located in sutton coldfield, B75 5DU with a Companies House number of 05567057. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2005, it's largest shareholder is mr george adrian linnecor with a 76.1% stake. Linnecor & Co Limited is a established, micro sized company, Pomanda has estimated its turnover at £322k with high growth in recent years.

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Pomanda's financial health check has awarded Linnecor & Co Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

2 Weak

Size

annual sales of £322k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (2%)

EXPORT

Linnecor & Co Limited's latest turnover from March 2023 is estimated at £322 thousand and the company has net assets of £1.2 million. According to their latest financial statements, Linnecor & Co Limited has 4 employees and maintains cash reserves of £141.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	322,009	166,961	157,293	186,064	473,563	470,704	468,284	504,627	1,835,770	1,930,061	1,871,941	1,822,570	1,741,725	525,414
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	173,616	92,195	85,472	97,861	243,240	242,348	237,891	254,698	983,204	1,069,481	1,006,945	968,091	923,766	284,550
Gross Profit	148,393	74,765	71,821	88,203	230,323	228,355	230,393	249,929	852,566	860,581	864,996	854,479	817,959	240,864
Admin Expenses	82,546	-480,820	24,468	94,029	233,020	31,941	240,280	182,207	821,745	833,159	850,206	829,325	795,180	242,752
Operating Profit	65,847	555,585	47,353	-5,826	-2,697	196,414	-9,887	67,722	30,821	27,422	14,790	25,154	22,779	-1,888
Interest Payable	0	4,847	9,388	10,588	12,964	13,699	14,282	16,469	17,507	17,951	18,647	18,851	9,425	0
Interest Receivable	6,918	936	58	75	1,005	421	4	8	6	15	18	11	19	17
Pre-Tax Profit	72,765	551,674	38,023	-16,339	-14,656	183,136	-24,165	51,261	13,320	9,486	-3,839	6,315	13,372	-1,871
Tax	-13,825	-104,818	-7,224	0	0	-34,796	0	-10,252	-2,797	-2,182	0	-1,642	-3,744	0
Profit After Tax	58,940	446,856	30,799	-16,339	-14,656	148,340	-24,165	41,009	10,523	7,304	-3,839	4,673	9,628	-1,871
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	58,940	446,856	30,799	-16,339	-14,656	148,340	-24,165	41,009	10,523	7,304	-3,839	4,673	9,628	-1,871
Employee Costs	168,381	122,251	119,311	124,643	123,242	116,166	114,135	116,101	254,848	289,193	273,470	303,496	302,393	99,627
Number Of Employees	4	3	3	3	3	3	3	3	7	8	8	9	9	3
EBITDA*	65,847	555,585	47,353	-5,826	-2,697	196,414	-9,887	67,722	30,821	27,422	14,790	33,057	30,348	5,396

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	812,390	812,390	812,390	812,390	812,390	823,390	823,390	847,100	869,711	845,240
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,085,585	1,085,585	812,392	812,392	2	2	2	2	2	2	2	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,085,585	1,085,585	812,392	812,392	812,392	812,392	812,392	812,392	812,392	823,392	823,392	847,102	869,713	845,242
Stock & work in progress	11,044	11,044	11,044	11,044	11,044	11,044	17,804	17,804	23,337	23,337	23,337	23,337	23,337	23,337
Trade Debtors	210	643	345	2,973	0	0	0	0	226,960	226,640	235,355	234,555	230,149	68,839
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	800	800	800	800	1,815	1,695	5,900	180,487	0	0	0	0	0	0
Cash	141,486	184,089	65,635	50,939	99,397	168,531	0	3,059	0	2,530	3,603	3,650	901	6,741
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	153,540	196,576	77,824	65,756	112,256	181,270	23,704	201,350	250,297	252,507	262,295	261,542	254,387	98,917
total assets	1,239,125	1,282,161	890,216	878,148	924,648	993,662	836,096	1,013,742	1,062,689	1,075,899	1,085,687	1,108,644	1,124,100	944,159
Bank overdraft	0	0	0	0	0	0	1,087	0	0	0	0	0	0	0
Bank loan	0	0	143,621	164,186	182,956	201,156	219,270	16,186	32,659	15,436	15,436	11,700	290,012	0
Trade Creditors	0	1,268	43	22	0	0	0	0	257,423	282,626	284,582	275,111	270,132	85,396
Group/Directors Accounts	7,346	12,346	17,346	25,346	33,346	42,722	45,722	21,160	0	0	0	0	0	37,700
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	4,001	25,109	3,043
other current liabilities	25,805	121,513	29,028	19,215	22,628	49,410	17,983	179,732	0	0	0	0	0	0
total current liabilities	33,151	135,127	190,038	208,769	238,930	293,288	284,062	217,078	290,082	298,062	300,018	290,812	585,253	126,139
loans	0	0	0	0	0	0	0	220,465	237,417	253,170	268,306	278,312	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	18,318	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	22,318	311,119
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	220,465	237,417	253,170	268,306	296,630	22,318	311,119
total liabilities	33,151	135,127	190,038	208,769	238,930	293,288	284,062	437,543	527,499	551,232	568,324	587,442	607,571	437,258
net assets	1,205,974	1,147,034	700,178	669,379	685,718	700,374	552,034	576,199	535,190	524,667	517,363	521,202	516,529	506,901
total shareholders funds	1,205,974	1,147,034	700,178	669,379	685,718	700,374	552,034	576,199	535,190	524,667	517,363	521,202	516,529	506,901

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	65,847	555,585	47,353	-5,826	-2,697	196,414	-9,887	67,722	30,821	27,422	14,790	25,154	22,779	-1,888
Depreciation	0	0	0	0	0	0	0	0	0	0	0	7,903	7,569	7,284
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,825	-104,818	-7,224	0	0	-34,796	0	-10,252	-2,797	-2,182	0	-1,642	-3,744	0
Stock	0	0	0	0	0	-6,760	0	-5,533	0	0	0	0	0	23,337
Debtors	-433	298	-2,628	1,958	120	-4,205	-174,587	-46,473	320	-8,715	800	4,406	161,310	68,839
Creditors	-1,268	1,225	21	22	0	0	0	-257,423	-25,203	-1,956	9,471	4,979	184,736	85,396
Accruals and Deferred Income	-95,708	92,485	9,813	-3,413	-26,782	31,427	-161,749	179,732	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	-44,521	544,179	52,591	-11,175	-29,599	204,010	2,951	31,785	2,501	31,999	23,461	31,988	50,030	-1,384
Investing Activities
capital expenditure	0	0	0	812,390	0	0	0	0	11,000	0	23,710	14,708	-32,040	-852,524
Change in Investments	0	273,193	0	812,390	0	0	0	0	0	0	0	0	0	2
cash flow from investments	0	-273,193	0	0	0	0	0	0	11,000	0	23,710	14,708	-32,040	-852,526
Financing Activities
Bank loans	0	-143,621	-20,565	-18,770	-18,200	-18,114	203,084	-16,473	17,223	0	3,736	-278,312	290,012	0
Group/Directors Accounts	-5,000	-5,000	-8,000	-8,000	-9,376	-3,000	24,562	21,160	0	0	0	0	-37,700	37,700
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	-220,465	-16,952	-15,753	-15,136	-10,006	278,312	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-22,319	-2,790	22,066	3,043
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-22,318	-288,801	311,119
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	508,772
interest	6,918	-3,911	-9,330	-10,513	-11,959	-13,278	-14,278	-16,461	-17,501	-17,936	-18,629	-18,840	-9,406	17
cash flow from financing	1,918	-152,532	-37,895	-37,283	-39,535	-34,392	-7,097	-28,726	-16,031	-33,072	-47,218	-43,948	-23,829	860,651
cash and cash equivalents
cash	-42,603	118,454	14,696	-48,458	-69,134	168,531	-3,059	3,059	-2,530	-1,073	-47	2,749	-5,840	6,741
overdraft	0	0	0	0	0	-1,087	1,087	0	0	0	0	0	0	0
change in cash	-42,603	118,454	14,696	-48,458	-69,134	169,618	-4,146	3,059	-2,530	-1,073	-47	2,749	-5,840	6,741

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LINNECOR & CO LIMITED group structure

Linnecor & Co Limited has 1 subsidiary company.

Ultimate parent company

LINNECOR & CO LIMITED

05567057

1 subsidiary

ROCENNIL DEVELOPMENTS LIMITED

00795192

LINNECOR & CO LIMITED Shareholders

mr george adrian linnecor	76.13%
mr gregory alexander linnecor	11.93%
mrs claire-louise scott	11.93%

Linnecor & Co Limited currently has 2 directors. The longest serving directors include Mr George Linnecor (Sep 2005) and Ms Anne Linnecor (Sep 2005).

officer	country	age	start	end	role
Mr George Linnecor		73 years	Sep 2005	-	Director
Ms Anne Linnecor		73 years	Sep 2005	-	Director

P&L

March 2023

turnover

322k

+93%

operating profit

65.8k

gross margin

46.1%

+2.91%

turnover

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

Balance Sheet

March 2023

net assets

1.2m

+0.05%

total assets

1.2m

-0.03%

cash

141.5k

-0.23%

net assets

Total assets minus all liabilities

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company number

05567057

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

41100 - Development of building projects

incorporation date

September 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

adrian linnecor limited (November 2005)

incorporated

address

76 sherifoot lane, four oaks, sutton coldfield, west midlands, B75 5DU

last accounts submitted

March 2023

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 3 charges/mortgages relating to linnecor & co limited. Currently there are 3 open charges and 0 have been satisfied in the past.

linnecor & co limited Company Information

linnecor & co limited Estimated Valuation

linnecor & co limited Estimated Valuation

linnecor & co limited Estimated Valuation

Linnecor & Co Limited Overview

Linnecor & Co Limited Health Check

LINNECOR & CO LIMITED financials

linnecor & co limited Credit Report and Business Information

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linnecor & co limited Ownership

linnecor & co limited directors

linnecor & co limited company details

linnecor & co limited Charges & Mortgages

linnecor & co limited Companies House Filings - See Documents