Lancett & Co Limited

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lancett & co limited Company Information

Company Number

07488395

Next Accounts

Mar 2025

Directors

Craig Lancett

Shareholders

craig william lancett

rachel claire lancett

Group Structure

View All

Industry

Activities of insurance agents and brokers

Registered Address

21 highnam business centre, newent road, gloucester, GL2 8DN

Website

www.lancettifa.co.uk

lancett & co limited Estimated Valuation

£270.6k

Pomanda estimates the enterprise value of LANCETT & CO LIMITED at £270.6k based on Net Assets of £142.5k and 1.9x industry multiple (adjusted for liquidity).

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Lancett & Co Limited is a live company located in gloucester, GL2 8DN with a Companies House number of 07488395. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in January 2011, it's largest shareholder is craig william lancett with a 50% stake. Lancett & Co Limited is a established, micro sized company, Pomanda has estimated its turnover at £252k with declining growth in recent years.

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Pomanda's financial health check has awarded Lancett & Co Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £252k, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.7%)

EXPORT

Lancett & Co Limited's latest turnover from June 2023 is estimated at £252 thousand and the company has net assets of £142.5 thousand. According to their latest financial statements, Lancett & Co Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Turnover	251,963	249,177	273,859	279,974	124,174	45,105	55,833	17,823	19,014	7,955	21,885	34,194
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	99,510	98,419	116,327	119,322	56,356	19,129	26,102	8,005	9,092	3,998	12,727	19,929
Gross Profit	152,453	150,758	157,532	160,652	67,819	25,977	29,731	9,818	9,922	3,957	9,158	14,266
Admin Expenses	101,822	68,598	158,855	149,947	31,212	36,310	41,734	34,692	-2,278	-29,090	-44,223	43,322
Operating Profit	50,631	82,160	-1,323	10,705	36,607	-10,333	-12,003	-24,874	12,200	33,047	53,381	-29,056
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	31	99	64	61	35	1
Pre-Tax Profit	50,631	82,160	-1,323	10,705	36,607	-10,333	-11,972	-24,775	12,264	33,108	53,416	-29,055
Tax	-12,658	-15,610	0	-2,034	-6,955	0	0	0	-2,453	-6,953	-12,286	0
Profit After Tax	37,973	66,550	-1,323	8,671	29,652	-10,333	-11,972	-24,775	9,811	26,155	41,130	-29,055
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	37,973	66,550	-1,323	8,671	29,652	-10,333	-11,972	-24,775	9,811	26,155	41,130	-29,055
Employee Costs	243,393	245,662	253,731	193,645	91,708	43,686	43,129	42,842	42,177	40,440	40,488	39,655
Number Of Employees	5	5	5	4	2	1	1	1	1	1	1	1
EBITDA*	50,631	82,160	-1,323	10,705	36,607	-10,333	-12,003	9,448	46,745	67,591	87,825	5,388

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Tangible Assets	111,284	108,843	2,354	2,597	2,286	543	755	982	469	943	747	1,121
Intangible Assets	0	0	0	0	0	0	0	0	34,070	68,141	102,211	136,281
Investments & Other	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
Total Fixed Assets	111,284	108,843	2,354	2,597	2,286	543	755	982	34,539	69,084	102,958	137,402
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	61,601	53,019	81,475	132,579	60,672	27,180	31,659	10,000	10,000	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	10,000	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	24,903	14,810	10,781	13,527	319
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	61,601	53,019	81,475	132,579	60,672	37,180	31,659	34,903	24,810	10,781	13,527	319
total assets	172,885	161,862	83,829	135,176	62,958	37,723	32,414	35,885	59,349	79,865	116,485	137,721
Bank overdraft	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
Trade Creditors	30,401	51,910	26,614	55,892	32,345	36,762	21,120	12,476	11,212	41,444	104,408	166,774
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	30,401	51,910	26,614	55,892	32,345	36,762	21,120	12,476	11,212	41,444	104,408	166,774
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	5,441	19,254	40,000	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	141	94	189	0	0
total long term liabilities	0	5,441	19,254	40,000	0	0	0	141	94	189	0	0
total liabilities	30,401	57,351	45,868	95,892	32,345	36,762	21,120	12,617	11,306	41,633	104,408	166,774
net assets	142,484	104,511	37,961	39,284	30,613	961	11,294	23,268	48,043	38,232	12,077	-29,053
total shareholders funds	142,484	104,511	37,961	39,284	30,613	961	11,294	23,268	48,043	38,232	12,077	-29,053

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Operating Activities
Operating Profit	50,631	82,160	-1,323	10,705	36,607	-10,333	-12,003	-24,874	12,200	33,047	53,381	-29,056
Depreciation	0	0	0	0	0	0	0	252	474	474	374	374
Amortisation	0	0	0	0	0	0	0	34,070	34,071	34,070	34,070	34,070
Tax	-12,658	-15,610	0	-2,034	-6,955	0	0	0	-2,453	-6,953	-12,286	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	8,582	-28,456	-51,104	71,907	23,492	5,521	21,659	0	10,000	0	0	0
Creditors	-21,509	25,296	-29,278	23,547	-4,417	15,642	8,644	1,264	-30,232	-62,964	-62,366	166,774
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-141	47	-95	189	0	0
Cash flow from operations	7,882	120,302	20,503	-39,689	1,743	-212	-25,159	10,759	3,965	-2,137	13,173	172,162
Investing Activities
capital expenditure	-2,441	-106,489	243	-311	-1,743	212	227	-765	0	-670	0	-171,846
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,441	-106,489	243	-311	-1,743	212	227	-765	0	-670	0	-171,846
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-5,441	-13,813	-20,746	40,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2	0	0	0	0	2
interest	0	0	0	0	0	0	31	99	64	61	35	1
cash flow from financing	-5,441	-13,813	-20,746	40,000	0	0	29	99	64	61	35	3
cash and cash equivalents
cash	0	0	0	0	0	0	-24,903	10,093	4,029	-2,746	13,208	319
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-24,903	10,093	4,029	-2,746	13,208	319

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LANCETT & CO LIMITED group structure

Lancett & Co Limited has no subsidiary companies.

Ultimate parent company

LANCETT & CO LIMITED

07488395

LANCETT & CO LIMITED Shareholders

craig william lancett	50%
rachel claire lancett	50%

Lancett & Co Limited currently has 1 director, Mr Craig Lancett serving since Jan 2011.

officer	country	age	start	end	role
Mr Craig Lancett		50 years	Jan 2011	-	Director

P&L

June 2023

turnover

252k

+1%

operating profit

50.6k

gross margin

60.6%

+0.01%

turnover

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

Balance Sheet

June 2023

net assets

142.5k

+0.36%

total assets

172.9k

+0.07%

cash

net assets

Total assets minus all liabilities

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company number

07488395

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

January 2011

ultimate parent company

None

previous names

N/A

address

21 highnam business centre, newent road, gloucester, GL2 8DN

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lancett & co limited Company Information

lancett & co limited Estimated Valuation

lancett & co limited Estimated Valuation

lancett & co limited Estimated Valuation

Lancett & Co Limited Overview

Lancett & Co Limited Health Check

LANCETT & CO LIMITED financials

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lancett & co limited Ownership

lancett & co limited directors

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