Loates Business Solutions Limited

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loates business solutions limited Company Information

Live

EstablishedMicroHigh

Company Number

07752261

Website

loateshr.net

Registered Address

ground floor middle mill, darley abbey mills, derby, derbyshire, DE22 1DZ

Industry

Other human resources provision

Telephone

01332890345

Next Accounts Due

September 2025

Group Structure

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Directors

Sarah Loates13 Years

Kevin Marks10 Years

Shareholders

sarah jane margaret loates 51%

kevin david marks 49%

loates business solutions limited Estimated Valuation

£145.8k

Pomanda estimates the enterprise value of LOATES BUSINESS SOLUTIONS LIMITED at £145.8k based on a Turnover of £369.7k and 0.39x industry multiple (adjusted for size and gross margin).

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Loates Business Solutions Limited is a live company located in derby, DE22 1DZ with a Companies House number of 07752261. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in August 2011, it's largest shareholder is sarah jane margaret loates with a 51% stake. Loates Business Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £369.7k with high growth in recent years.

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Pomanda's financial health check has awarded Loates Business Solutions 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 £369.7k, make it smaller than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.7%)

EXPORT

Loates Business Solutions Limited's latest turnover from December 2023 is estimated at £369.7 thousand and the company has net assets of £341. According to their latest financial statements, Loates Business Solutions Limited has 8 employees and maintains cash reserves of £30.2 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
Turnover	369,701	259,375	266,583	223,349	302,658	269,401	217,946	181,173	274,986	91,859	47,941	58,573
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	294,980	199,396	213,475	184,285	239,669	212,804	175,439	147,490	230,309	76,249	39,211	47,036
Gross Profit	74,720	59,979	53,108	39,064	62,989	56,597	42,506	33,683	44,678	15,609	8,730	11,537
Admin Expenses	91,338	58,440	48,420	41,584	49,163	31,250	71,844	22,769	31,134	16,557	8,308	10,586
Operating Profit	-16,618	1,539	4,688	-2,520	13,826	25,347	-29,338	10,914	13,544	-948	422	951
Interest Payable	4,482	4,398	3,096	1,525	0	0	0	0	0	0	0	0
Interest Receivable	2,197	2,086	189	53	157	116	80	47	36	20	20	9
Pre-Tax Profit	-18,904	-773	1,780	-3,992	13,983	25,463	-29,258	10,961	13,580	-928	442	961
Tax	0	0	-338	0	-2,657	-4,838	0	-2,192	-2,716	0	-102	-231
Profit After Tax	-18,904	-773	1,442	-3,992	11,326	20,625	-29,258	8,769	10,864	-928	340	730
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,904	-773	1,442	-3,992	11,326	20,625	-29,258	8,769	10,864	-928	340	730
Employee Costs	467,188	326,877	324,841	312,013	383,472	371,206	297,884	248,746	286,966	46,854	46,800	49,055
Number Of Employees	8	6	6	6	7	7	6	5	6	1	1	1
EBITDA*	-11,591	6,101	9,212	1,215	16,819	27,284	-27,437	12,070	13,744	-808	566	1,097

* 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
Tangible Assets	14,267	13,811	14,332	13,985	13,833	1,778	3,605	3,426	1,870	7	147	291
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	14,267	13,811	14,332	13,985	13,833	1,778	3,605	3,426	1,870	7	147	291
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	26,108	20,234	19,775	11,940	13,476	12,367	6,030	3,692	8,436	3,740	2,067	3,778
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	16,306	17,601	6,720	1,838	10,586	1,983	8,158	613	1,206	0	0	0
Cash	30,215	57,647	61,563	89,451	16,318	25,565	5,321	26,820	10,684	3,893	4,299	3,627
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	72,629	95,482	88,058	103,229	40,380	39,915	19,509	31,125	20,326	7,633	6,366	7,405
total assets	86,896	109,293	102,390	117,214	54,213	41,693	23,114	34,551	22,196	7,640	6,513	7,696
Bank overdraft	5,566	6,000	6,000	2,500	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,588	1,255	697	773	3,328	1,276	406	51	230	7,497	5,442	6,965
Group/Directors Accounts	0	0	0	0	0	0	0	0	1,453	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	42,293	42,574	29,901	45,165	25,917	28,875	31,521	13,940	9,033	0	0	0
total current liabilities	51,447	49,829	36,598	48,438	29,245	30,151	31,927	13,991	10,716	7,497	5,442	6,965
loans	32,408	37,519	43,074	47,500	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	0	0	0	0	0	0	0	0	0	0	0
provisions	2,700	2,700	2,700	2,700	2,400	300	570	685	374	0	0	0
total long term liabilities	35,108	40,219	45,774	50,200	2,400	300	570	685	374	0	0	0
total liabilities	86,555	90,048	82,372	98,638	31,645	30,451	32,497	14,676	11,090	7,497	5,442	6,965
net assets	341	19,245	20,018	18,576	22,568	11,242	-9,383	19,875	11,106	143	1,071	731
total shareholders funds	341	19,245	20,018	18,576	22,568	11,242	-9,383	19,875	11,106	143	1,071	731

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	-16,618	1,539	4,688	-2,520	13,826	25,347	-29,338	10,914	13,544	-948	422	951
Depreciation	5,027	4,562	4,524	3,735	2,993	1,937	1,901	1,156	200	140	144	146
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-338	0	-2,657	-4,838	0	-2,192	-2,716	0	-102	-231
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	4,579	11,340	12,717	-10,284	9,712	162	9,883	-5,337	5,902	1,673	-1,711	3,778
Creditors	2,333	558	-76	-2,555	2,052	870	355	-179	-7,267	2,055	-1,523	6,965
Accruals and Deferred Income	-281	12,673	-15,264	19,248	-2,958	-2,646	17,581	4,907	9,033	0	0	0
Deferred Taxes & Provisions	0	0	0	300	2,100	-270	-115	311	374	0	0	0
Cash flow from operations	-14,118	7,992	-19,183	28,492	5,644	20,238	-19,499	20,254	7,266	-426	652	4,053
Investing Activities
capital expenditure	-5,483	-4,041	-4,871	-3,887	-15,048	-110	-2,080	-2,712	-2,063	0	0	-437
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,483	-4,041	-4,871	-3,887	-15,048	-110	-2,080	-2,712	-2,063	0	0	-437
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	-1,453	1,453	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,111	-5,555	-4,426	47,500	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	99	0	0	1
interest	-2,285	-2,312	-2,907	-1,472	157	116	80	47	36	20	20	9
cash flow from financing	-7,396	-7,867	-7,333	46,028	157	116	80	-1,406	1,588	20	20	10
cash and cash equivalents
cash	-27,432	-3,916	-27,888	73,133	-9,247	20,244	-21,499	16,136	6,791	-406	672	3,627
overdraft	-434	0	3,500	2,500	0	0	0	0	0	0	0	0
change in cash	-26,998	-3,916	-31,388	70,633	-9,247	20,244	-21,499	16,136	6,791	-406	672	3,627

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOATES BUSINESS SOLUTIONS LIMITED group structure

Loates Business Solutions Limited has no subsidiary companies.

Ultimate parent company

LOATES BUSINESS SOLUTIONS LIMITED

07752261

LOATES BUSINESS SOLUTIONS LIMITED Shareholders

sarah jane margaret loates	51%
kevin david marks	49%

Loates Business Solutions Limited currently has 2 directors. The longest serving directors include Ms Sarah Loates (Aug 2011) and Mr Kevin Marks (Apr 2014).

officer	country	age	start	end	role
Ms Sarah Loates	England	53 years	Aug 2011	-	Director
Mr Kevin Marks	United Kingdom	56 years	Apr 2014	-	Director

P&L

December 2023

turnover

369.7k

+43%

operating profit

-16.6k

gross margin

20.3%

-12.6%

turnover

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

Balance Sheet

December 2023

net assets

341

-0.98%

total assets

86.9k

-0.2%

cash

30.2k

-0.48%

net assets

Total assets minus all liabilities

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company number

07752261

Type

Private limited with Share Capital

industry

78300 - Other human resources provision

incorporation date

August 2011

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

ground floor middle mill, darley abbey mills, derby, derbyshire, DE22 1DZ

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 loates business solutions limited.

loates business solutions limited Company Information

loates business solutions limited Estimated Valuation

loates business solutions limited Estimated Valuation

loates business solutions limited Estimated Valuation

Loates Business Solutions Limited Overview

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LOATES BUSINESS SOLUTIONS LIMITED financials

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