Richard Lane Science Ltd

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richard lane science ltd Company Information

Live

EstablishedMicroHealthy

Company Number

07664788

Website

Registered Address

c/o crw & co the mews, queen street, colyton, devon, EX24 6JU

Industry

Other business support service activities n.e.c.

Telephone

01297552333

Next Accounts Due

March 2025

Group Structure

View All

Directors

Maureen Lane13 Years

Richard Lane13 Years

Shareholders

mr richard paul lane 50%

mrs maureen ann lane 50%

richard lane science ltd Estimated Valuation

£63k

Pomanda estimates the enterprise value of RICHARD LANE SCIENCE LTD at £63k based on a Turnover of £106.4k and 0.59x industry multiple (adjusted for size and gross margin).

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Richard Lane Science Ltd is a live company located in colyton, EX24 6JU with a Companies House number of 07664788. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2011, it's largest shareholder is mr richard paul lane with a 50% stake. Richard Lane Science Ltd is a established, micro sized company, Pomanda has estimated its turnover at £106.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Richard Lane Science Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £106.4k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.7%)

EXPORT

Richard Lane Science Ltd's latest turnover from June 2023 is estimated at £106.4 thousand and the company has net assets of £4.4 thousand. According to their latest financial statements, Richard Lane Science Ltd has 2 employees and maintains cash reserves of £4 thousand 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	106,395	157,084	78,661	88,740	174,427	155,077	162,771	67,917	67,793	95,528	105,813	111,564
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	66,152	96,748	49,627	55,062	109,523	97,408	100,728	42,136	42,957	61,461	67,489	69,429
Gross Profit	40,243	60,335	29,034	33,677	64,905	57,669	62,043	25,781	24,835	34,067	38,324	42,135
Admin Expenses	53,871	63,543	26,609	62,640	40,248	63,934	50,488	12,927	27,318	29,649	38,916	25,840
Operating Profit	-13,628	-3,208	2,425	-28,963	24,657	-6,265	11,555	12,854	-2,483	4,418	-592	16,295
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	642	271	20	38	329	181	94	154	132	127	139	72
Pre-Tax Profit	-12,986	-2,937	2,444	-28,925	24,986	-6,084	11,649	13,009	-2,352	4,546	-453	16,367
Tax	0	0	-464	0	-4,747	0	-2,213	-2,602	0	-955	0	-3,928
Profit After Tax	-12,986	-2,937	1,980	-28,925	20,239	-6,084	9,436	10,407	-2,352	3,591	-453	12,439
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-12,986	-2,937	1,980	-28,925	20,239	-6,084	9,436	10,407	-2,352	3,591	-453	12,439
Employee Costs	95,510	89,559	85,186	83,937	82,847	78,384	76,236	38,358	37,987	37,973	37,019	36,662
Number Of Employees	2	2	2	2	2	2	2	1	1	1	1	1
EBITDA*	-12,779	-2,377	2,683	-28,626	25,117	-5,453	12,316	13,498	-2,097	4,433	-305	16,650

* 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	2,549	2,584	883	1,141	1,449	1,026	1,513	1,684	1,041	472	948	1,421
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,549	2,584	883	1,141	1,449	1,026	1,513	1,684	1,041	472	948	1,421
Stock & work in progress	0	0	0	0	0	5,255	0	0	1,436	6,840	3,291	4,331
Trade Debtors	2,011	0	95	1,547	0	0	0	0	3,250	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	1,449	0	0	0	0	0	0
Cash	4,015	21,662	21,647	17,706	57,743	29,988	42,444	33,125	28,657	23,941	26,969	28,798
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,026	21,662	21,742	19,253	57,743	36,692	42,444	33,125	33,343	30,781	30,260	33,129
total assets	8,575	24,246	22,625	20,394	59,192	37,718	43,957	34,809	34,384	31,253	31,208	34,550
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	2,927	5,925	1,367	1,103	10,890	9,655	9,668	10,678	20,949	15,580	19,030	21,825
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	160	0	0	0	0
total current liabilities	2,927	5,925	1,367	1,103	10,890	9,655	9,668	10,838	20,949	15,580	19,030	21,825
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	810	810	810	774	882	882	882	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	481	168	168	217	195	195	337	337	208	94	190	284
total long term liabilities	1,291	978	978	991	1,077	1,077	1,219	337	208	94	190	284
total liabilities	4,218	6,903	2,345	2,094	11,967	10,732	10,887	11,175	21,157	15,674	19,220	22,109
net assets	4,357	17,343	20,280	18,300	47,225	26,986	33,070	23,634	13,227	15,579	11,988	12,441
total shareholders funds	4,357	17,343	20,280	18,300	47,225	26,986	33,070	23,634	13,227	15,579	11,988	12,441

	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	-13,628	-3,208	2,425	-28,963	24,657	-6,265	11,555	12,854	-2,483	4,418	-592	16,295
Depreciation	849	831	258	337	460	812	761	644	386	15	287	355
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-464	0	-4,747	0	-2,213	-2,602	0	-955	0	-3,928
Stock	0	0	0	0	-5,255	5,255	0	-1,436	-5,404	3,549	-1,040	4,331
Debtors	2,011	-95	-1,452	1,547	-1,449	1,449	0	-3,250	3,250	0	0	0
Creditors	-2,998	4,558	264	-9,787	1,235	-13	-1,010	-10,271	5,369	-3,450	-2,795	21,825
Accruals and Deferred Income	0	0	36	-108	0	0	722	160	0	0	0	0
Deferred Taxes & Provisions	313	0	-49	22	0	-142	0	129	114	-96	-94	284
Cash flow from operations	-17,475	2,276	3,922	-40,046	28,309	-12,312	9,815	5,600	5,540	-3,617	-2,154	30,500
Investing Activities
capital expenditure	-814	-2,532	0	-29	-883	-325	-590	-1,287	-955	461	186	-1,776
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-814	-2,532	0	-29	-883	-325	-590	-1,287	-955	461	186	-1,776
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	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	2
interest	642	271	20	38	329	181	94	154	132	127	139	72
cash flow from financing	642	271	20	38	329	181	94	154	132	127	139	74
cash and cash equivalents
cash	-17,647	15	3,941	-40,037	27,755	-12,456	9,319	4,468	4,716	-3,028	-1,829	28,798
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-17,647	15	3,941	-40,037	27,755	-12,456	9,319	4,468	4,716	-3,028	-1,829	28,798

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICHARD LANE SCIENCE LTD group structure

Richard Lane Science Ltd has no subsidiary companies.

Ultimate parent company

RICHARD LANE SCIENCE LTD

07664788

RICHARD LANE SCIENCE LTD Shareholders

mr richard paul lane	50%
mrs maureen ann lane	50%

Richard Lane Science Ltd currently has 2 directors. The longest serving directors include Ms Maureen Lane (Jun 2011) and Professor Richard Lane (Jun 2011).

officer	country	age	start	end	role
Ms Maureen Lane	United Kingdom	74 years	Jun 2011	-	Director
Professor Richard Lane	England	73 years	Jun 2011	-	Director

P&L

June 2023

turnover

106.4k

-32%

operating profit

-13.6k

gross margin

37.9%

-1.53%

turnover

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

Balance Sheet

June 2023

net assets

4.4k

-0.75%

total assets

8.6k

-0.65%

cash

-0.81%

net assets

Total assets minus all liabilities

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company number

07664788

Type

Private limited with Share Capital

industry

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

incorporation date

June 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

c/o crw & co the mews, queen street, colyton, devon, EX24 6JU

last accounts submitted

June 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.

We did not find charges/mortgages relating to richard lane science ltd.

richard lane science ltd Company Information

richard lane science ltd Estimated Valuation

richard lane science ltd Estimated Valuation

richard lane science ltd Estimated Valuation

Richard Lane Science Ltd Overview

Richard Lane Science Ltd Health Check

RICHARD LANE SCIENCE LTD financials

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richard lane science ltd Ownership

richard lane science ltd directors

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