Lmc Plastics Limited

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lmc plastics limited Company Information

Live

EstablishedSmallHigh

Company Number

05849623

Website

www.exapol.co.uk

Registered Address

units 9-11, lower road trading estate, ledbury, herefordshire, HR8 2DJ

Industry

Manufacture of builders’ ware of plastic

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

David Merrick10 Years

Francis Gittus5 Years

Shareholders

linthwaite holdings 100%

lmc plastics limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of LMC PLASTICS LIMITED at £1.7m based on a Turnover of £4.5m and 0.39x industry multiple (adjusted for size and gross margin).

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Lmc Plastics Limited is a live company located in ledbury, HR8 2DJ with a Companies House number of 05849623. It operates in the manufacture of builders ware of plastic sector, SIC Code 22230. Founded in June 2006, it's largest shareholder is linthwaite holdings with a 100% stake. Lmc Plastics Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with high growth in recent years.

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Pomanda's financial health check has awarded Lmc Plastics Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£21.1m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (12.2%)

EXPORT

Lmc Plastics Limited's latest turnover from December 2023 is estimated at £4.5 million and the company has net assets of -£507.8 thousand. According to their latest financial statements, Lmc Plastics Limited has 44 employees and maintains cash reserves of £39.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,471,913	4,595,577	3,464,957	2,633,274	2,984,203	2,193,686	2,704,947	2,821,862	2,213,403	3,268,842	1,991,441	1,065,786	1,430,091	961,488	772,858
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,223,708	3,297,827	2,441,625	1,914,014	2,169,103	1,577,994	1,946,463	1,977,002	1,557,789	2,294,493	1,397,376	752,086	1,015,434	672,141	0
Gross Profit	1,248,205	1,297,750	1,023,332	719,259	815,100	615,691	758,485	844,860	655,615	974,349	594,066	313,699	414,657	289,347	0
Admin Expenses	1,857,916	1,124,939	669,340	499,931	664,140	620,115	1,342,391	942,430	752,947	1,104,067	539,729	239,358	399,475	269,465	37,531
Operating Profit	-609,711	172,811	353,992	219,328	150,960	-4,424	-583,906	-97,570	-97,332	-129,718	54,337	74,341	15,182	19,882	-37,531
Interest Payable	0	0	0	826	5,484	13,472	9,222	1,563	975	0	0	0	0	0	0
Interest Receivable	5,475	3,647	103	29	59	84	40	13	67	199	227	79	0	0	0
Pre-Tax Profit	-604,236	176,458	354,095	218,531	145,535	-17,812	-593,088	-99,119	-98,240	-129,519	54,564	74,420	15,182	19,882	-37,531
Tax	0	-33,527	-67,278	-41,521	-27,652	0	0	0	0	0	-12,550	-17,861	-3,947	-5,567	0
Profit After Tax	-604,236	142,931	286,817	177,010	117,883	-17,812	-593,088	-99,119	-98,240	-129,519	42,014	56,559	11,235	14,315	-37,531
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-604,236	142,931	286,817	177,010	117,883	-17,812	-593,088	-99,119	-98,240	-129,519	42,014	56,559	11,235	14,315	-37,531
Employee Costs	1,703,382	1,543,096	1,191,500	1,093,942	1,258,933	1,046,533	917,452	779,388	559,982	814,251	502,015	253,304	372,988	254,686	0
Number Of Employees	44	42	35	34	37	31	28	25	18	27	17	9	13	9	0
EBITDA*	-325,624	264,738	397,054	257,644	218,564	54,123	-534,678	-53,640	-53,575	-98,863	96,795	103,811	52,746	53,800	-6,977

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,680,935	1,452,352	1,067,944	956,680	949,576	337,964	349,300	296,470	329,260	365,559	134,811	63,808	59,574	86,304	108,122
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0	0	0	0	0	0
Total Fixed Assets	2,680,935	1,452,352	1,067,944	956,680	949,576	337,964	349,300	296,470	329,260	365,559	134,811	63,808	59,574	86,304	108,122
Stock & work in progress	523,575	865,599	593,716	341,095	332,305	195,124	151,163	133,519	135,373	60,790	96,303	60,280	53,135	26,862	19,846
Trade Debtors	379,152	389,461	296,116	258,794	337,068	169,979	392,439	561,708	414,764	581,926	385,186	217,255	212,712	158,156	87,022
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	418,308	49,323	79,546	44,728	46,313	49,059	43,153	38,063	28,118	0	0	0	0	0	0
Cash	39,913	179,099	29,283	53,496	4,734	11,078	11,245	4,706	6,082	20,602	59,091	31,590	0	0	8
misc current assets	0	0	0	0	0	0	0	0	0	0	0	24,667	24,530	20,400	20,120
total current assets	1,360,948	1,483,482	998,661	698,113	720,420	425,240	598,000	737,996	584,337	663,318	540,580	333,792	290,377	205,418	126,996
total assets	4,041,883	2,935,834	2,066,605	1,654,793	1,669,996	763,204	947,300	1,034,466	913,597	1,028,877	675,391	397,600	349,951	291,722	235,118
Bank overdraft	0	0	0	0	27,083	108,333	108,333	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	337,247	468,023	669,129	340,647	268,272	237,821	496,648	508,036	395,137	946,568	478,167	263,179	258,491	215,136	151,239
Group/Directors Accounts	2,085,024	1,637,703	775,499	820,734	891,206	910,794	556,622	235,841	247,883	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	20,000	20,000	30,000	0	0	0	0	0	0
hp & lease commitments	562,875	106,674	0	0	5,550	16,684	19,360	14,742	17,457	0	0	0	0	0	0
other current liabilities	160,201	182,637	191,031	349,283	510,766	233,416	347,761	419,235	272,647	0	0	0	0	0	0
total current liabilities	3,145,347	2,395,037	1,635,659	1,510,664	1,702,877	1,507,048	1,548,724	1,197,854	963,124	946,568	478,167	263,179	258,491	215,136	151,239
loans	0	0	0	0	0	27,083	135,416	0	0	0	0	0	0	0	0
hp & lease commitments	962,386	238,045	0	0	0	10,596	26,871	7,235	21,977	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	3,112	14,937	12,282	28,331
other liabilities	0	0	0	0	0	0	0	0	0	55,573	19,415	17,068	18,841	17,857	23,416
provisions	441,971	135,778	0	0	0	0	0	0	0	0	21,554	0	0	0	0
total long term liabilities	1,404,357	373,823	0	0	0	37,679	162,287	7,235	21,977	55,573	40,969	20,180	33,778	30,139	51,747
total liabilities	4,549,704	2,768,860	1,635,659	1,510,664	1,702,877	1,544,727	1,711,011	1,205,089	985,101	1,002,141	519,136	283,359	292,269	245,275	202,986
net assets	-507,821	166,974	430,946	144,129	-32,881	-781,523	-763,711	-170,623	-71,504	26,736	156,255	114,241	57,682	46,447	32,132
total shareholders funds	-507,821	166,974	430,946	144,129	-32,881	-781,523	-763,711	-170,623	-71,504	26,736	156,255	114,241	57,682	46,447	32,132

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-609,711	172,811	353,992	219,328	150,960	-4,424	-583,906	-97,570	-97,332	-129,718	54,337	74,341	15,182	19,882	-37,531
Depreciation	284,087	91,927	43,062	38,316	67,604	58,547	49,228	43,930	43,757	30,855	42,458	29,470	37,564	33,918	30,554
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-33,527	-67,278	-41,521	-27,652	0	0	0	0	0	-12,550	-17,861	-3,947	-5,567	0
Stock	-342,024	271,883	252,621	8,790	137,181	43,961	17,644	-1,854	74,583	-35,513	36,023	7,145	26,273	7,016	19,846
Debtors	358,676	63,122	72,140	-79,859	164,343	-216,554	-164,179	156,889	-139,044	196,740	167,931	4,543	54,556	71,134	87,022
Creditors	-130,776	-201,106	328,482	72,375	30,451	-258,827	-11,388	112,899	-551,431	468,401	214,988	4,688	43,355	63,897	151,239
Accruals and Deferred Income	-22,436	-8,394	-158,252	-161,483	277,350	-114,345	-71,474	146,588	272,647	0	-3,112	-11,825	2,655	-16,049	28,331
Deferred Taxes & Provisions	306,193	135,778	0	0	0	0	0	0	0	-21,554	21,554	0	0	0	0
Cash flow from operations	-189,295	-177,516	175,245	198,084	197,189	-146,456	-471,005	50,812	-267,898	186,757	113,721	67,125	13,980	17,931	65,725
Investing Activities
capital expenditure	-1,512,670	-476,335	-154,326	-45,420	-679,216	-47,211	-102,058	-11,140	-7,458	-261,603	-113,461	-33,704	-10,834	-12,100	-138,676
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,512,670	-476,335	-154,326	-45,420	-679,216	-47,211	-102,058	-11,140	-7,458	-261,603	-113,461	-33,704	-10,834	-12,100	-138,676
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	447,321	862,204	-45,235	-70,472	-19,588	354,172	320,781	-12,042	247,883	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-20,000	0	-10,000	30,000	0	0	0	0	0	0
Long term loans	0	0	0	0	-27,083	-108,333	135,416	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	1,180,542	344,719	0	-5,550	-21,730	-18,951	24,254	-17,457	39,434	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-55,573	36,158	2,347	-1,773	984	-5,559	23,416
share issue	-70,559	-406,903	0	0	630,759	0	0	0	0	0	0	0	0	0	69,663
interest	5,475	3,647	103	-797	-5,425	-13,388	-9,182	-1,550	-908	199	227	79	0	0	0
cash flow from financing	1,562,779	803,667	-45,132	-76,819	556,933	193,500	471,269	-41,049	260,836	36,357	2,574	-1,694	984	-5,559	93,079
cash and cash equivalents
cash	-139,186	149,816	-24,213	48,762	-6,344	-167	6,539	-1,376	-14,520	-38,489	27,501	31,590	0	-8	8
overdraft	0	0	0	-27,083	-81,250	0	108,333	0	0	0	0	0	0	0	0
change in cash	-139,186	149,816	-24,213	75,845	74,906	-167	-101,794	-1,376	-14,520	-38,489	27,501	31,590	0	-8	8

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LMC PLASTICS LIMITED group structure

Lmc Plastics Limited has no subsidiary companies.

Ultimate parent company

LINTHWAITE GROUP LIMITED

07864395

LINTHWAITE MANUFACTURING LIMITED

08812743

2 parents

LMC PLASTICS LIMITED

05849623

LMC PLASTICS LIMITED Shareholders

linthwaite holdings

100%

Lmc Plastics Limited currently has 2 directors. The longest serving directors include Mr David Merrick (Dec 2013) and Mr Francis Gittus (May 2019).

officer	country	age	start	end	role
Mr David Merrick	United Kingdom	66 years	Dec 2013	-	Director
Mr Francis Gittus		69 years	May 2019	-	Director

P&L

December 2023

turnover

4.5m

-3%

operating profit

-609.7k

gross margin

28%

-1.16%

turnover

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

Balance Sheet

December 2023

net assets

-507.8k

-4.04%

total assets

+0.38%

cash

39.9k

-0.78%

net assets

Total assets minus all liabilities

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company number

05849623

Type

Private limited with Share Capital

industry

22230 - Manufacture of builders’ ware of plastic

incorporation date

June 2006

ultimate parent company

LINTHWAITE GROUP LIMITED

previous names

exapol limited (August 2020)

address

units 9-11, lower road trading estate, ledbury, herefordshire, HR8 2DJ

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 2 charges/mortgages relating to lmc plastics limited. Currently there are 2 open charges and 0 have been satisfied in the past.

lmc plastics limited Company Information

lmc plastics limited Estimated Valuation

lmc plastics limited Estimated Valuation

lmc plastics limited Estimated Valuation

Lmc Plastics Limited Overview

Lmc Plastics Limited Health Check

LMC PLASTICS LIMITED financials

lmc plastics limited Credit Report and Business Information

Lmc Plastics Limited Competitor Analysis

lmc plastics limited Ownership

lmc plastics limited directors

lmc plastics limited company details

lmc plastics limited Charges & Mortgages

lmc plastics limited Companies House Filings - See Documents