lamex food group limited

4.5

lamex food group limited Company Information

Share LAMEX FOOD GROUP LIMITED
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EstablishedMegaHealthy

Company Number

05646718

Registered Address

turnford place, great cambridge, road, turnford, broxbourne, hertfordshire, EN10 6NH

Industry

Non-specialised wholesale of food, beverages and tobacco

 

Telephone

01992473888

Next Accounts Due

December 2024

Group Structure

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Directors

Colin Dicker18 Years

Phillip Wallace18 Years

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Shareholders

steven anderson 20.3%

phillip owen wallace 15%

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lamex food group limited Estimated Valuation

£510.3m

Pomanda estimates the enterprise value of LAMEX FOOD GROUP LIMITED at £510.3m based on a Turnover of £1.7b and 0.31x industry multiple (adjusted for size and gross margin).

lamex food group limited Estimated Valuation

£167m

Pomanda estimates the enterprise value of LAMEX FOOD GROUP LIMITED at £167m based on an EBITDA of £37.5m and a 4.45x industry multiple (adjusted for size and gross margin).

lamex food group limited Estimated Valuation

£424.4m

Pomanda estimates the enterprise value of LAMEX FOOD GROUP LIMITED at £424.4m based on Net Assets of £211.5m and 2.01x industry multiple (adjusted for liquidity).

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Lamex Food Group Limited Overview

Lamex Food Group Limited is a live company located in broxbourne, EN10 6NH with a Companies House number of 05646718. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in December 2005, it's largest shareholder is steven anderson with a 20.3% stake. Lamex Food Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £1.7b with healthy growth in recent years.

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Lamex Food Group Limited Health Check

Pomanda's financial health check has awarded Lamex Food Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £1.7b, make it larger than the average company (£33.6m)

£1.7b - Lamex Food Group Limited

£33.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.4%)

12% - Lamex Food Group Limited

5.4% - Industry AVG

production

Production

with a gross margin of 6.1%, this company has a higher cost of product (19.3%)

6.1% - Lamex Food Group Limited

19.3% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (3.1%)

2.2% - Lamex Food Group Limited

3.1% - Industry AVG

employees

Employees

with 489 employees, this is above the industry average (75)

489 - Lamex Food Group Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £80k, the company has a higher pay structure (£35.7k)

£80k - Lamex Food Group Limited

£35.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £3.4m, this is more efficient (£383.3k)

£3.4m - Lamex Food Group Limited

£383.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (37 days)

34 days - Lamex Food Group Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 22 days, this is quicker than average (38 days)

22 days - Lamex Food Group Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 37 days, this is in line with average (39 days)

37 days - Lamex Food Group Limited

39 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (8 weeks)

7 weeks - Lamex Food Group Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.2%, this is a lower level of debt than the average (58.1%)

45.2% - Lamex Food Group Limited

58.1% - Industry AVG

lamex food group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lamex Food Group Limited Competitor Analysis

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lamex food group limited Ownership

LAMEX FOOD GROUP LIMITED group structure

Lamex Food Group Limited has 5 subsidiary companies.

LAMEX FOOD GROUP LIMITED Shareholders

steven anderson 20.32%
phillip owen wallace 14.98%
colin richard dicker 14.4%
mark robert barrett 11.64%
mark ryder 11.64%
marc wallace 6.6%
david dalzell 5.61%
steven anderson irrevocable trust & michelle anderson & mark barrett 5.21%
rathbone trust company limited & marc wallace 3.54%
trustee of colin richard dicker 3.15%

lamex food group limited directors

Lamex Food Group Limited currently has 10 directors. The longest serving directors include Mr Colin Dicker (Dec 2005) and Mr Phillip Wallace (Dec 2005).

officercountryagestartendrole
Mr Colin Dicker71 years Dec 2005- Director
Mr Phillip Wallace74 years Dec 2005- Director
Mr Steven Anderson56 years Jul 2006- Director
Mr Mark RyderEngland56 years Jul 2006- Director
Mr Mark Barrett55 years Jul 2006- Director
Mr Mark Tompkins62 years Mar 2007- Director
Mr Paul Wallace40 years May 2013- Director
Mrs Christine HawkesEngland64 years Oct 2013- Director
Mrs Christine Hawkes64 years Oct 2013- Director
Mr David Dalzell55 years Feb 2016- Director

LAMEX FOOD GROUP LIMITED financials

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Lamex Food Group Limited's latest turnover from March 2023 is £1.7 billion and the company has net assets of £211.5 million. According to their latest financial statements, Lamex Food Group Limited has 489 employees and maintains cash reserves of £26.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,654,591,0001,404,218,0001,247,136,0001,170,803,0001,170,191,0001,235,992,0001,060,782,000824,969,000839,945,000805,406,000735,980,000676,396,000534,751,000450,627,000
Other Income Or Grants00000000000000
Cost Of Sales1,553,590,0001,303,722,0001,167,427,0001,103,523,0001,116,438,0001,166,133,0001,004,200,000775,734,000791,932,000761,803,000696,296,000636,974,000500,916,000420,388,000
Gross Profit101,001,000100,496,00079,709,00067,280,00053,753,00069,859,00056,582,00049,235,00048,013,00043,603,00039,684,00039,422,00033,835,00030,239,000
Admin Expenses65,364,00058,899,00048,950,00045,994,00038,318,00043,048,00037,730,00031,639,00032,511,00028,250,00025,819,00025,724,00023,629,00021,083,000
Operating Profit35,637,00041,597,00030,759,00021,286,00015,435,00026,811,00018,852,00017,596,00015,502,00015,353,00013,865,00013,698,00010,206,0009,156,000
Interest Payable4,509,0002,179,0002,167,0003,942,0002,335,0003,024,0001,447,0001,100,0001,134,0001,057,0001,092,0001,068,0001,197,000881,000
Interest Receivable1,256,0001,035,000768,000412,000165,000989,00086,00020,00012,0007,00011,00022,0009,0002,000
Pre-Tax Profit32,860,00040,805,00029,785,00018,071,00013,445,00024,779,00017,491,00015,425,00014,380,00014,303,00012,784,00012,652,0009,018,0008,277,000
Tax-7,938,000-8,559,000-5,818,000-4,953,000-3,142,000-3,135,000-2,895,000-3,476,000-4,552,000-4,414,000-4,064,000-4,261,000-3,450,000-3,618,000
Profit After Tax24,922,00032,246,00023,967,00013,118,00010,303,00021,644,00014,596,00011,949,0009,828,0009,889,0008,720,0008,391,0005,568,0004,659,000
Dividends Paid00000000000000
Retained Profit24,509,00030,599,00023,984,00013,193,00010,837,00021,938,00014,461,00011,224,00010,031,0009,405,0008,227,0007,189,0005,050,0004,010,000
Employee Costs39,143,00031,023,00028,235,00026,457,00027,231,00028,409,00028,193,00020,490,00021,154,00015,165,00017,066,00016,816,00016,474,00015,191,000
Number Of Employees489484479458464483438380400235224236234241
EBITDA*37,499,00045,328,00034,034,00023,948,00019,856,00030,859,00020,887,00020,060,00017,132,00016,870,00015,638,00015,363,00011,794,00010,734,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets10,837,0009,437,0008,151,0007,811,0008,883,0006,523,0006,504,0005,233,0006,687,0006,929,0003,758,0004,026,0003,655,0004,219,000
Intangible Assets2,374,0003,112,0005,702,0007,922,0009,619,00012,901,00012,611,0007,567,0008,305,0009,043,0009,781,00010,519,00011,257,00011,995,000
Investments & Other2,236,0001,898,0001,890,0001,716,0001,504,0001,465,0001,474,0001,540,000947,000947,0000000
Debtors (Due After 1 year)0418,000150,000200,0000000000000
Total Fixed Assets15,447,00014,865,00015,893,00017,649,00020,006,00020,889,00020,589,00014,340,00015,939,00016,919,00013,539,00014,545,00014,912,00016,214,000
Stock & work in progress159,313,000168,216,000110,354,000122,151,00099,773,000100,548,000102,878,00075,718,00082,388,00085,362,00071,903,00072,249,00059,672,00047,811,000
Trade Debtors158,281,000185,312,000125,472,000135,632,000123,918,000132,823,000113,047,00071,948,00067,379,00057,413,00055,176,00039,381,00029,317,00022,604,000
Group Debtors265,00004,649,0003,047,0003,335,000381,00000000000
Misc Debtors29,496,00029,855,00019,590,00010,393,0007,438,00013,560,00018,808,00014,044,0005,480,0008,549,0004,049,0005,547,0002,256,0002,023,000
Cash26,303,00012,842,00015,318,00013,836,0006,539,0004,280,0003,653,0006,572,0008,335,0006,129,0007,084,0007,907,0002,554,0004,626,000
misc current assets00000000000000
total current assets373,658,000396,225,000275,383,000285,059,000241,003,000251,592,000238,386,000168,282,000163,582,000157,453,000138,212,000125,084,00093,799,00077,064,000
total assets389,105,000411,090,000291,276,000302,708,000261,009,000272,481,000258,975,000182,622,000179,521,000174,372,000151,751,000139,629,000108,711,00093,278,000
Bank overdraft2,409,0006,572,000434,000951,0004,160,0007,903,00010,534,0002,906,0001,832,00055,438,00035,949,00035,782,00023,511,00016,829,000
Bank loan31,435,00051,514,00019,450,00061,918,00068,718,00076,731,00065,234,00051,142,00058,607,0001,429,00001,350,00000
Trade Creditors 93,972,00096,754,00063,417,00061,888,00061,615,00058,606,00059,760,00037,094,00032,512,00045,138,00046,367,00038,773,00032,443,00028,769,000
Group/Directors Accounts00000000000000
other short term finances881,00023,880,00013,162,000516,0001,606,0002,115,000323,000621,0001,380,00009,590,000012,0004,000
hp & lease commitments64,00089,000139,0000269,00057,00024,00052,00031,00026,00015,00091,000136,000117,000
other current liabilities43,731,00048,932,00049,364,00044,208,0007,551,00021,188,00031,366,00022,048,00022,842,00019,967,00017,886,00021,550,00014,891,00014,067,000
total current liabilities172,492,000227,741,000145,966,000169,481,000143,919,000166,600,000167,241,000113,863,000117,204,000121,998,000109,807,00097,546,00070,993,00059,786,000
loans732,000920,0001,142,0001,239,0001,871,0003,428,0004,528,0001,864,0002,875,0002,927,000673,00010,313,00012,606,00013,905,000
hp & lease commitments0000423,000000025,000015,000106,00042,000
Accruals and Deferred Income00000000000000
other liabilities0000000000001,643,0001,039,000
provisions2,551,0002,551,0001,278,00000000000000
total long term liabilities3,283,0003,471,0002,420,0001,239,0002,294,0003,428,0004,528,0001,864,0002,875,0002,952,000673,00010,328,00014,355,00014,986,000
total liabilities175,775,000231,212,000148,386,000170,720,000146,213,000170,028,000171,769,000115,727,000120,079,000124,950,000110,480,000107,874,00085,348,00074,772,000
net assets211,474,000178,435,000142,890,000131,988,000114,796,000102,031,00086,492,00066,314,00053,470,00043,247,00035,536,00026,513,00019,323,00014,984,000
total shareholders funds211,474,000178,435,000142,890,000131,988,000114,796,000102,031,00086,492,00066,314,00053,470,00043,247,00035,536,00026,513,00019,323,00014,984,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit35,637,00041,597,00030,759,00021,286,00015,435,00026,811,00018,852,00017,596,00015,502,00015,353,00013,865,00013,698,00010,206,0009,156,000
Depreciation1,124,0001,141,0001,056,000964,0001,139,0001,046,000769,0001,726,000892,000779,0001,035,000927,000850,000840,000
Amortisation738,0002,590,0002,219,0001,698,0003,282,0003,002,0001,266,000738,000738,000738,000738,000738,000738,000738,000
Tax-7,938,000-8,559,000-5,818,000-4,953,000-3,142,000-3,135,000-2,895,000-3,476,000-4,552,000-4,414,000-4,064,000-4,261,000-3,450,000-3,618,000
Stock-8,903,00057,862,000-11,797,00022,378,000-775,000-2,330,00027,160,000-6,670,000-2,974,00013,459,000-346,00012,577,00011,861,00047,811,000
Debtors-27,543,00065,724,000589,00014,581,000-12,073,00014,909,00045,863,00013,133,0006,897,0006,737,00014,297,00013,355,0006,946,00024,627,000
Creditors-2,782,00033,337,0001,529,000273,0003,009,000-1,154,00022,666,0004,582,000-12,626,000-1,229,0007,594,0006,330,0003,674,00028,769,000
Accruals and Deferred Income-5,201,000-432,0005,156,00036,657,000-13,637,000-10,178,0009,318,000-794,0002,875,0002,081,000-3,664,0006,659,000824,00014,067,000
Deferred Taxes & Provisions01,273,0001,278,00000000000000
Cash flow from operations58,024,000-52,639,00047,387,00018,966,00018,934,0003,813,000-23,047,00013,909,000-1,094,000-6,888,0001,553,000-1,841,000-5,965,000-22,486,000
Investing Activities
capital expenditure00000-3,571,000-12,755,000-1,457,000-1,077,000-1,378,000-796,000-1,295,000-95,000-549,000
Change in Investments338,0008,000174,000212,00039,000-9,000-66,000593,0000947,0000000
cash flow from investments-338,000-8,000-174,000-212,000-39,000-3,562,000-12,689,000-2,050,000-1,077,000-2,325,000-796,000-1,295,000-95,000-549,000
Financing Activities
Bank loans-20,079,00032,064,000-42,468,000-6,800,000-8,013,00011,497,00014,092,000-7,465,00057,178,0001,429,000-1,350,0001,350,00000
Group/Directors Accounts00000000000000
Other Short Term Loans -22,999,00010,718,00012,646,000-1,090,000-509,0001,792,000-298,000-759,0001,380,000-9,590,0009,590,000-12,0008,0004,000
Long term loans-188,000-222,000-97,000-632,000-1,557,000-1,100,0002,664,000-1,011,000-52,0002,254,000-9,640,000-2,293,000-1,299,00013,905,000
Hire Purchase and Lease Commitments-25,000-50,000139,000-692,000635,00033,000-28,00021,000-20,00036,000-91,000-136,00083,000159,000
other long term liabilities00000000000-1,643,000604,0001,039,000
share issue8,530,0004,946,000-13,082,0003,999,0001,928,000-6,399,0005,717,0001,620,000192,000-1,694,000796,0001,000-711,00010,974,000
interest-3,253,000-1,144,000-1,399,000-3,530,000-2,170,000-2,035,000-1,361,000-1,080,000-1,122,000-1,050,000-1,081,000-1,046,000-1,188,000-879,000
cash flow from financing-38,014,00046,312,000-44,261,000-8,745,000-9,686,0003,788,00020,786,000-8,674,00057,556,000-8,615,000-1,776,000-3,779,000-2,503,00025,202,000
cash and cash equivalents
cash13,461,000-2,476,0001,482,0007,297,0002,259,000627,000-2,919,000-1,763,0002,206,000-955,000-823,0005,353,000-2,072,0004,626,000
overdraft-4,163,0006,138,000-517,000-3,209,000-3,743,000-2,631,0007,628,0001,074,000-53,606,00019,489,000167,00012,271,0006,682,00016,829,000
change in cash17,624,000-8,614,0001,999,00010,506,0006,002,0003,258,000-10,547,000-2,837,00055,812,000-20,444,000-990,000-6,918,000-8,754,000-12,203,000

P&L

March 2023

turnover

1.7b

+18%

operating profit

35.6m

-14%

gross margin

6.2%

-14.71%

turnover

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

Balance Sheet

March 2023

net assets

211.5m

+0.19%

total assets

389.1m

-0.05%

cash

26.3m

+1.05%

net assets

Total assets minus all liabilities

lamex food group limited company details

company number

05646718

Type

Private limited with Share Capital

industry

46390 - Non-specialised wholesale of food, beverages and tobacco

incorporation date

December 2005

age

19

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

UK

address

turnford place, great cambridge, road, turnford, broxbourne, hertfordshire, EN10 6NH

last accounts submitted

March 2023

lamex food group 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 did not find charges/mortgages relating to lamex food group limited.

charges

lamex food group limited Companies House Filings - See Documents

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