Michael Lester Practice Limited

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michael lester practice limited Company Information

Live

EstablishedMicroHealthy

Company Number

05725901

Website

www.lesterbrunt.co.uk

Registered Address

7 & 8 church street, wimborne, dorset, BH21 1JH

Industry

Other business support service activities n.e.c.

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Telephone

01202695801

Next Accounts Due

December 2024

Group Structure

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Directors

Michael Lester18 Years

Janet Lester18 Years

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Shareholders

michael stephen lester 34.9%

janet alison lester 34.9%

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michael lester practice limited Estimated Valuation

£473.9k

Pomanda estimates the enterprise value of MICHAEL LESTER PRACTICE LIMITED at £473.9k based on Net Assets of £206.9k and 2.29x industry multiple (adjusted for liquidity).

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Michael Lester Practice Limited is a live company located in dorset, BH21 1JH with a Companies House number of 05725901. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2006, it's largest shareholder is michael stephen lester with a 34.9% stake. Michael Lester Practice Limited is a established, micro sized company, Pomanda has estimated its turnover at £446.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Michael Lester Practice 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

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £446.9k, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4%)

EXPORT

Michael Lester Practice Limited's latest turnover from March 2023 is estimated at £446.9 thousand and the company has net assets of £206.9 thousand. According to their latest financial statements, Michael Lester Practice Limited has 4 employees and maintains cash reserves of £21.6 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	446,857	364,306	314,725	352,621	301,415	329,599	523,923	532,257	3,229,940	2,427,674	1,316,847	591,054	526,982	472,800
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	222,881	177,273	156,063	171,095	144,636	157,592	250,351	257,705	1,576,487	1,216,444	666,891	297,479	263,657	245,167
Gross Profit	223,976	187,032	158,662	181,527	156,778	172,006	273,572	274,552	1,653,453	1,211,230	649,956	293,575	263,325	227,633
Admin Expenses	327,073	256,980	162,278	-288,557	302,608	137,611	269,331	484,402	1,637,235	1,222,318	637,005	226,546	158,587	-77,937
Operating Profit	-103,097	-69,948	-3,616	470,084	-145,830	34,395	4,241	-209,850	16,218	-11,088	12,951	67,029	104,738	305,570
Interest Payable	0	0	0	0	0	0	15,201	15,809	1,257	1,257	0	0	0	0
Interest Receivable	505	454	62	2	105	147	46	34	22	21	103	134	64	14
Pre-Tax Profit	-102,592	-69,494	-3,554	470,086	-145,725	34,542	-10,914	-225,625	14,982	-12,324	13,054	67,164	104,803	305,585
Tax	0	0	0	-89,316	0	-6,563	0	0	-3,146	0	-3,133	-17,463	-29,345	-85,564
Profit After Tax	-102,592	-69,494	-3,554	380,770	-145,725	27,979	-10,914	-225,625	11,836	-12,324	9,921	49,701	75,458	220,021
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-102,592	-69,494	-3,554	380,770	-145,725	27,979	-10,914	-225,625	11,836	-12,324	9,921	49,701	75,458	220,021
Employee Costs	231,405	111,912	107,126	108,249	105,510	101,974	196,971	192,516	1,030,893	802,910	415,684	181,243	180,324	183,186
Number Of Employees	4	2	2	2	2	2	4	4	22	17	9	4	4	4
EBITDA*	-95,045	-4,737	72,536	563,393	-145,830	209,800	151,219	19,708	16,218	187,734	223,495	198,663	220,723	403,730

* 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	82,674	85,231	82,060	117,926	128,923	348,106	280,274	217,120	75,967	96,921	133,622	72,436	87,396	3,205
Intangible Assets	0	0	57,059	126,873	203,065	290,965	390,583	490,201	663,484	836,767	1,010,050	612,742	728,966	641,107
Investments & Other	137,845	100	100	100	100	100	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
Total Fixed Assets	220,519	85,331	139,219	244,899	332,088	639,171	670,857	707,321	739,451	933,688	1,143,672	685,178	816,362	644,312
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	30,244	40,322	42,201	38,017	40,336	48,588	45,670	45,746	428,856	315,365	152,765	60,547	52,280	46,378
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	492	256,097	117,074	421,311	93,893	22,015	17,120	119,615	0	0	128,840	128,480	48,472	22,877
Cash	21,607	2,153	119,044	4,518	73	27,943	31,021	6,019	7,618	1,150	7,292	33,731	19,996	5,734
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	52,343	298,572	278,319	463,846	134,302	98,546	93,811	171,380	436,474	316,515	288,897	222,758	120,748	74,989
total assets	272,862	383,903	417,538	708,745	466,390	737,717	764,668	878,701	1,175,925	1,250,203	1,432,569	907,936	937,110	719,301
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	1,074	0	540	0	90	5,034	0	0	346,856	275,323	263,522	178,144	175,253	156,078
Group/Directors Accounts	333	0	4	0	0	74	130,912	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	138,898	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	19,654	19,388	19,388	0	0	0	0	0	0
other current liabilities	64,565	74,847	39,392	327,595	465,920	420,956	402,384	130,583	0	0	0	0	0	0
total current liabilities	65,972	74,847	39,936	327,595	466,010	445,718	552,684	288,869	346,856	275,323	263,522	178,144	175,253	156,078
loans	0	0	0	0	0	0	0	347,545	0	38,688	0	0	0	0
hp & lease commitments	0	0	0	0	0	145,894	93,908	113,297	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	0	0	0	0	474,454	593,413	813,944	384,610	466,376	343,200
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	145,894	93,908	460,842	474,454	632,101	813,944	384,610	466,376	343,200
total liabilities	65,972	74,847	39,936	327,595	466,010	591,612	646,592	749,711	821,310	907,424	1,077,466	562,754	641,629	499,278
net assets	206,890	309,056	377,602	381,150	380	146,105	118,076	128,990	354,615	342,779	355,103	345,182	295,481	220,023
total shareholders funds	206,890	309,056	377,602	381,150	380	146,105	118,076	128,990	354,615	342,779	355,103	345,182	295,481	220,023

	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	-103,097	-69,948	-3,616	470,084	-145,830	34,395	4,241	-209,850	16,218	-11,088	12,951	67,029	104,738	305,570
Depreciation	8,052	8,152	6,338	17,117	0	75,787	47,360	56,275	0	25,539	37,261	15,410	12,517	1,069
Amortisation	0	57,059	69,814	76,192	0	99,618	99,618	173,283	0	173,283	173,283	116,224	103,468	97,091
Tax	0	0	0	-89,316	0	-6,563	0	0	-3,146	0	-3,133	-17,463	-29,345	-85,564
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-265,683	137,144	-300,053	325,099	63,626	7,813	-102,571	-263,495	113,491	33,760	92,578	88,275	31,497	69,255
Creditors	1,074	-540	540	-90	-4,944	5,034	0	-346,856	71,533	11,801	85,378	2,891	19,175	156,078
Accruals and Deferred Income	-10,282	35,455	-288,203	-138,325	44,964	18,572	271,801	130,583	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	161,430	-106,966	84,926	10,563	-169,436	219,030	525,591	66,930	-28,886	165,775	213,162	95,816	179,056	404,989
Investing Activities
capital expenditure	-5,495	-11,323	29,528	-6,120	307,083	-143,619	-110,514	-197,428	194,237	11,162	-669,038	-450	-288,035	-742,472
Change in Investments	137,745	0	0	0	0	100	0	0	0	0	0	0	0	0
cash flow from investments	-143,240	-11,323	29,528	-6,120	307,083	-143,719	-110,514	-197,428	194,237	11,162	-669,038	-450	-288,035	-742,472
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	333	-4	4	0	-74	-130,838	130,912	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	-138,898	138,898	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-347,545	347,545	-38,688	38,688	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-165,548	52,252	-19,389	132,685	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-474,454	-118,959	-220,531	429,334	-81,766	123,176	343,200
share issue	426	948	6	0	0	50	0	0	0	0	0	0	0	2
interest	505	454	62	2	105	147	-15,155	-15,775	-1,235	-1,236	103	134	64	14
cash flow from financing	1,264	1,398	72	2	-165,517	-78,389	-390,075	128,899	-158,882	-183,079	429,437	-81,632	123,240	343,216
cash and cash equivalents
cash	19,454	-116,891	114,526	4,445	-27,870	-3,078	25,002	-1,599	6,468	-6,142	-26,439	13,735	14,262	5,734
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	19,454	-116,891	114,526	4,445	-27,870	-3,078	25,002	-1,599	6,468	-6,142	-26,439	13,735	14,262	5,734

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICHAEL LESTER PRACTICE LIMITED group structure

Michael Lester Practice Limited has 1 subsidiary company.

Ultimate parent company

MICHAEL LESTER PRACTICE LIMITED

05725901

1 subsidiary

LESTER BRUNT WEALTH MANAGEMENT LTD

10973718

MICHAEL LESTER PRACTICE LIMITED Shareholders

michael stephen lester	34.92%
janet alison lester	34.92%
the ruby lester-brooks absolute trust	5.03%
elizabeth brooks	5.03%
louise green	5.03%
the lily lester-brooks absolute trust	5.03%
samantha lester	5.03%
the mia lester-brooks absolute trust	5.03%

Michael Lester Practice Limited currently has 5 directors. The longest serving directors include Mr Michael Lester (Mar 2006) and Mrs Janet Lester (Mar 2006).

officer	country	age	start	end	role
Mr Michael Lester	United Kingdom	70 years	Mar 2006	-	Director
Mrs Janet Lester	England	69 years	Mar 2006	-	Director
Mrs Elizabeth Brooks	England	41 years	Nov 2022	-	Director
Miss Samantha Lester	England	44 years	Nov 2022	-	Director
Mrs Louise Green	England	47 years	Nov 2022	-	Director

P&L

March 2023

turnover

446.9k

+23%

operating profit

-103.1k

gross margin

50.2%

-2.37%

turnover

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

Balance Sheet

March 2023

net assets

206.9k

-0.33%

total assets

272.9k

-0.29%

cash

21.6k

+9.04%

net assets

Total assets minus all liabilities

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company number

05725901

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

March 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

7 & 8 church street, wimborne, dorset, BH21 1JH

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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michael lester practice limited Company Information

michael lester practice limited Estimated Valuation

michael lester practice limited Estimated Valuation

michael lester practice limited Estimated Valuation

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MICHAEL LESTER PRACTICE LIMITED financials

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