Latif & Family Ltd

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latif & family ltd Company Information

Live

EstablishedSmallHealthy

Company Number

07112982

Website

www.latifpharmacy.com

Registered Address

275 devonshire road, blackpool, FY2 0TN

Industry

Dispensing chemist in specialised stores

Telephone

01253301745

Next Accounts Due

February 2025

Group Structure

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Directors

Jabir Bala14 Years

Shareholders

jabir abdul majid bala 75.5%

firoza bala 24.5%

latif & family ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of LATIF & FAMILY LTD at £1.4m based on Net Assets of £632.9k and 2.27x industry multiple (adjusted for liquidity).

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Latif & Family Ltd is a live company located in blackpool, FY2 0TN with a Companies House number of 07112982. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in December 2009, it's largest shareholder is jabir abdul majid bala with a 75.5% stake. Latif & Family Ltd is a established, small sized company, Pomanda has estimated its turnover at £769.7k with healthy growth in recent years.

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Pomanda's financial health check has awarded Latif & Family Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

6 Regular

4 Weak

Size

annual sales of £769.7k, make it smaller than the average company (£11.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.3%)

EXPORT

Latif & Family Ltd's latest turnover from May 2023 is estimated at £769.7 thousand and the company has net assets of £632.9 thousand. According to their latest financial statements, Latif & Family Ltd has 10 employees and maintains cash reserves of £250.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	Dec 2010
Turnover	769,658	719,168	800,892	649,717	597,791	1,307,974	1,036,627	820,283	610,921	635,627	610,001	663,753	785,075	914,936
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	528,411	482,296	550,456	457,481	422,238	907,069	711,822	558,855	428,014	440,299	420,565	468,384	551,710	640,256
Gross Profit	241,248	236,872	250,436	192,236	175,553	400,906	324,805	261,428	182,907	195,328	189,437	195,369	233,365	274,680
Admin Expenses	252,714	169,114	138,638	192,087	768,806	414,743	-354,145	254,033	183,469	200,955	228,542	132,964	252,938	182,201
Operating Profit	-11,466	67,758	111,798	149	-593,253	-13,837	678,950	7,395	-562	-5,627	-39,105	62,405	-19,573	92,479
Interest Payable	0	0	0	172	190	0	0	0	0	0	0	0	0	0
Interest Receivable	9,509	1,672	101	22	19	0	105	503	541	449	337	231	190	95
Pre-Tax Profit	-1,957	69,430	111,899	0	-593,423	-13,837	679,056	7,899	-21	-5,178	-38,768	62,636	-19,383	92,574
Tax	0	-13,192	-21,261	0	0	0	-129,021	-1,580	0	0	0	-15,033	0	-25,921
Profit After Tax	-1,957	56,238	90,638	0	-593,423	-13,837	550,035	6,319	-21	-5,178	-38,768	47,603	-19,383	66,653
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,957	56,238	90,638	0	-593,423	-13,837	550,035	6,319	-21	-5,178	-38,768	47,603	-19,383	66,653
Employee Costs	226,549	190,562	158,988	115,609	111,366	129,191	125,403	140,539	104,285	103,371	101,520	84,175	117,885	120,785
Number Of Employees	10	9	8	6	6	7	7	8	6	6	6	5	7	7
EBITDA*	16,387	94,266	138,243	26,707	-593,253	-13,837	678,950	34,820	27,257	22,702	-10,112	65,042	-19,573	121,234

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	Dec 2010
Tangible Assets	134,794	136,647	1,952	2,397	2,955	439,775	466,660	5,662	7,087	8,906	11,235	14,228	10,735	10,735
Intangible Assets	306,119	332,119	358,119	384,119	410,119	0	0	393,119	419,119	445,119	471,119	497,119	497,119	497,119
Investments & Other	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
Total Fixed Assets	440,913	468,766	360,071	386,516	413,074	439,775	466,660	398,781	426,206	454,025	482,354	511,347	507,854	507,854
Stock & work in progress	38,200	37,750	38,500	37,000	39,750	0	0	42,650	42,300	45,150	44,175	44,650	43,256	43,256
Trade Debtors	65,703	64,038	117,586	109,162	95,169	244,006	192,542	161,818	94,665	97,938	106,305	139,898	136,843	155,988
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	18,094	20,133	8,943	23,944	22,034	0	0	0	0	0	0	0	0	0
Cash	250,886	171,747	162,602	39,284	5,176	0	0	84,231	117,122	99,374	80,294	54,370	38,019	38,019
misc current assets	0	0	0	0	0	2,137	1,977	0	0	0	0	0	0	0
total current assets	372,883	293,668	327,631	209,390	162,129	246,143	194,519	288,699	254,087	242,462	230,774	238,918	218,118	237,263
total assets	813,796	762,434	687,702	595,906	575,203	685,918	661,179	687,480	680,293	696,487	713,128	750,265	725,972	745,117
Bank overdraft	0	0	0	0	5,626	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	91,486	88,851	83,801	83,662	64,242	91,190	52,632	62,255	61,387	77,560	89,023	87,392	110,702	110,464
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0
other current liabilities	89,391	38,707	25,263	24,244	17,335	0	0	0	0	0	0	0	0	0
total current liabilities	180,877	127,558	109,064	107,906	87,203	91,190	52,632	62,255	61,387	77,560	89,023	87,392	110,702	110,464
loans	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	0	0	0
Accruals and Deferred Income	0	0	0	0	0	1,305	1,287	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	1,305	1,287	0	0	0	0	0	0	0
total liabilities	180,877	127,558	109,064	107,906	87,203	92,495	53,919	62,255	61,387	77,560	89,023	87,392	110,702	110,464
net assets	632,919	634,876	578,638	488,000	488,000	593,423	607,260	625,225	618,906	618,927	624,105	662,873	615,270	634,653
total shareholders funds	632,919	634,876	578,638	488,000	488,000	593,423	607,260	625,225	618,906	618,927	624,105	662,873	615,270	634,653

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	Dec 2010
Operating Activities
Operating Profit	-11,466	67,758	111,798	149	-593,253	-13,837	678,950	7,395	-562	-5,627	-39,105	62,405	-19,573	92,479
Depreciation	1,853	508	445	558	0	0	0	1,425	1,819	2,329	2,993	2,637	0	2,755
Amortisation	26,000	26,000	26,000	26,000	0	0	0	26,000	26,000	26,000	26,000	0	0	26,000
Tax	0	-13,192	-21,261	0	0	0	-129,021	-1,580	0	0	0	-15,033	0	-25,921
Stock	450	-750	1,500	-2,750	39,750	0	-42,650	350	-2,850	975	-475	1,394	0	43,256
Debtors	-374	-42,358	-6,577	15,903	-126,803	51,464	30,724	67,153	-3,273	-8,367	-33,593	3,055	-19,145	155,988
Creditors	2,635	5,050	139	19,420	-26,948	38,558	-9,623	868	-16,173	-11,463	1,631	-23,310	238	110,464
Accruals and Deferred Income	50,684	13,444	1,019	6,909	16,030	18	1,287	0	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	69,630	142,676	123,217	39,883	-517,118	-26,725	553,519	-33,395	17,207	18,631	25,587	22,250	-190	6,533
Investing Activities
capital expenditure	0	-135,203	0	0	26,701	26,885	-67,879	0	0	0	0	-6,130	0	-536,609
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-135,203	0	0	26,701	26,885	-67,879	0	0	0	0	-6,130	0	-536,609
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	488,000	0	-568,000	0	0	0	0	0	0	568,000
interest	9,509	1,672	101	-150	-171	0	105	503	541	449	337	231	190	95
cash flow from financing	9,509	1,672	101	-150	487,829	0	-567,895	503	541	449	337	231	190	568,095
cash and cash equivalents
cash	79,139	9,145	123,318	34,108	5,176	0	-84,231	-32,891	17,748	19,080	25,924	16,351	0	38,019
overdraft	0	0	0	-5,626	5,626	0	0	0	0	0	0	0	0	0
change in cash	79,139	9,145	123,318	39,734	-450	0	-84,231	-32,891	17,748	19,080	25,924	16,351	0	38,019

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LATIF & FAMILY LTD group structure

Latif & Family Ltd has no subsidiary companies.

Ultimate parent company

LATIF & FAMILY LTD

07112982

LATIF & FAMILY LTD Shareholders

jabir abdul majid bala	75.5%
firoza bala	24.5%

Latif & Family Ltd currently has 1 director, Mr Jabir Bala serving since May 2010.

officer	country	age	start	end	role
Mr Jabir Bala	United Kingdom	50 years	May 2010	-	Director

P&L

May 2023

turnover

769.7k

+7%

operating profit

-11.5k

gross margin

31.4%

-4.83%

turnover

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

Balance Sheet

May 2023

net assets

632.9k

total assets

813.8k

+0.07%

cash

250.9k

+0.46%

net assets

Total assets minus all liabilities

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company number

07112982

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

December 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

275 devonshire road, blackpool, FY2 0TN

last accounts submitted

May 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.

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latif & family ltd Company Information

latif & family ltd Estimated Valuation

latif & family ltd Estimated Valuation

latif & family ltd Estimated Valuation

Latif & Family Ltd Overview

Latif & Family Ltd Health Check

LATIF & FAMILY LTD financials

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latif & family ltd Ownership

latif & family ltd directors

latif & family ltd company details

latif & family ltd Charges & Mortgages

latif & family ltd Companies House Filings - See Documents