the lakes distillery company plc
the lakes distillery company plc Company Information
Company Number
07769363
Website
http://lakesdistillery.comRegistered Address
low barkhouse farm setmurthy, cockermouth, cumbria, CA13 9SJ
Industry
Distilling, rectifying and blending of spirits
Telephone
01768788850
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
undisclosed 25.1%
comhar capital (1804) limited 8.2%
View Allthe lakes distillery company plc Estimated Valuation
Pomanda estimates the enterprise value of THE LAKES DISTILLERY COMPANY PLC at £11m based on a Turnover of £5.8m and 1.9x industry multiple (adjusted for size and gross margin).
the lakes distillery company plc Estimated Valuation
Pomanda estimates the enterprise value of THE LAKES DISTILLERY COMPANY PLC at £0 based on an EBITDA of £-1.4m and a 7.77x industry multiple (adjusted for size and gross margin).
the lakes distillery company plc Estimated Valuation
Pomanda estimates the enterprise value of THE LAKES DISTILLERY COMPANY PLC at £23m based on Net Assets of £8.6m and 2.66x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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The Lakes Distillery Company Plc Overview
The Lakes Distillery Company Plc is a live company located in cumbria, CA13 9SJ with a Companies House number of 07769363. It operates in the distilling, rectifying and blending of spirits sector, SIC Code 11010. Founded in September 2011, it's largest shareholder is undisclosed with a 25.1% stake. The Lakes Distillery Company Plc is a established, mid sized company, Pomanda has estimated its turnover at £5.8m with unknown growth in recent years.
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The Lakes Distillery Company Plc Health Check
Pomanda's financial health check has awarded The Lakes Distillery Company Plc a 2 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £5.8m, make it smaller than the average company (£21.8m)
£5.8m - The Lakes Distillery Company Plc
£21.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Lakes Distillery Company Plc
- - Industry AVG
Production
with a gross margin of 65.8%, this company has a lower cost of product (35.8%)
65.8% - The Lakes Distillery Company Plc
35.8% - Industry AVG
Profitability
an operating margin of -39.4% make it less profitable than the average company (13.4%)
-39.4% - The Lakes Distillery Company Plc
13.4% - Industry AVG
Employees
with 71 employees, this is similar to the industry average (87)
71 - The Lakes Distillery Company Plc
87 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has a lower pay structure (£55.5k)
£40.4k - The Lakes Distillery Company Plc
£55.5k - Industry AVG
Efficiency
resulting in sales per employee of £81.7k, this is less efficient (£332.2k)
£81.7k - The Lakes Distillery Company Plc
£332.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (37 days)
43 days - The Lakes Distillery Company Plc
37 days - Industry AVG
Creditor Days
its suppliers are paid after 134 days, this is slower than average (55 days)
134 days - The Lakes Distillery Company Plc
55 days - Industry AVG
Stock Days
it holds stock equivalent to 2041 days, this is more than average (501 days)
2041 days - The Lakes Distillery Company Plc
501 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (3 weeks)
1 weeks - The Lakes Distillery Company Plc
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68%, this is a higher level of debt than the average (40.2%)
68% - The Lakes Distillery Company Plc
40.2% - Industry AVG
the lakes distillery company plc Credit Report and Business Information
The Lakes Distillery Company Plc Competitor Analysis
Perform a competitor analysis for the lakes distillery company plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the lakes distillery company plc Ownership
THE LAKES DISTILLERY COMPANY PLC group structure
The Lakes Distillery Company Plc has no subsidiary companies.
Ultimate parent company
THE LAKES DISTILLERY COMPANY PLC
07769363
the lakes distillery company plc directors
The Lakes Distillery Company Plc currently has 8 directors. The longest serving directors include Mr Nigel Mills (May 2013) and Mr David Robinson (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Mills | England | 65 years | May 2013 | - | Director |
| Mr David Robinson | England | 39 years | Jun 2018 | - | Director |
| Mr Richard Hutton | England | 55 years | Jun 2018 | - | Director |
| Mr Paul Neep | England | 71 years | Jun 2018 | - | Director |
| Mr Timothy Farazmand | England | 63 years | Jun 2018 | - | Director |
| Mr Craig Wilkinson | England | 51 years | Dec 2019 | - | Director |
| Mrs Kirsten Taylor | England | 51 years | Jan 2022 | - | Director |
| Mr James Pennefather | England | 50 years | Jul 2023 | - | Director |
THE LAKES DISTILLERY COMPANY PLC financials
The Lakes Distillery Company Plc's latest turnover from June 2023 is £5.8 million and the company has net assets of £8.6 million. According to their latest financial statements, The Lakes Distillery Company Plc has 71 employees and maintains cash reserves of £541 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Apr 2015 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,799,000 | 5,904,000 | 5,337,000 | 6,094,000 | 6,231,000 | 4,329,000 | 2,968,000 | 3,039,644 | 450,246 | 24,241 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,985,000 | 2,204,000 | 2,352,000 | 3,886,000 | 3,700,000 | 2,170,000 | 1,416,000 | 1,526,536 | 190,866 | 19,696 | 0 |
| Gross Profit | 3,814,000 | 3,700,000 | 2,985,000 | 2,208,000 | 2,531,000 | 2,159,000 | 1,552,000 | 1,513,108 | 259,380 | 4,545 | 0 |
| Admin Expenses | 6,098,000 | 5,672,000 | 7,268,000 | 5,150,000 | 4,213,000 | 3,017,000 | 2,544,000 | 2,150,348 | 845,450 | 212,316 | 81,608 |
| Operating Profit | -2,284,000 | -1,972,000 | -4,283,000 | -2,942,000 | -1,682,000 | -858,000 | -992,000 | -637,240 | -586,070 | -207,771 | -81,608 |
| Interest Payable | 1,720,000 | 3,520,000 | 3,013,000 | 525,000 | 69,000 | 79,000 | 81,000 | 92,471 | 10,927 | 0 | 0 |
| Interest Receivable | 2,766,000 | 615,000 | 0 | 0 | 0 | 0 | 1,000 | 493 | 3,644 | 331 | 10 |
| Pre-Tax Profit | -1,238,000 | -4,877,000 | -7,296,000 | -3,467,000 | -1,751,000 | -937,000 | -1,072,000 | -729,218 | -593,353 | -207,440 | -81,598 |
| Tax | 99,000 | 0 | 0 | 0 | 0 | -1,000 | 61,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,139,000 | -4,877,000 | -7,296,000 | -3,467,000 | -1,751,000 | -938,000 | -1,011,000 | -729,218 | -593,353 | -207,440 | -81,598 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,139,000 | -4,877,000 | -7,296,000 | -3,467,000 | -1,751,000 | -938,000 | -1,011,000 | -729,218 | -593,353 | -207,440 | -81,598 |
| Employee Costs | 2,867,000 | 2,950,000 | 3,745,000 | 2,689,000 | 2,306,000 | 1,789,000 | 1,391,000 | 1,345,943 | 346,497 | 16,323 | 0 |
| Number Of Employees | 71 | 76 | 72 | 74 | 68 | 64 | 58 | 57 | 21 | 4 | 2 |
| EBITDA* | -1,353,000 | -1,154,000 | -3,734,000 | -2,412,000 | -1,281,000 | -534,000 | -718,000 | -391,970 | -549,137 | -204,681 | -81,608 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Apr 2015 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,106,000 | 11,087,000 | 10,979,000 | 8,789,000 | 7,327,000 | 6,712,000 | 6,321,000 | 5,975,231 | 4,963,430 | 780,289 | 132,257 |
| Intangible Assets | 250,000 | 112,000 | 0 | 139,000 | 119,000 | 106,000 | 90,000 | 66,977 | 62,168 | 0 | 0 |
| Investments & Other | 0 | 0 | 119,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 25,000 | 72,000 | 127,000 | 268,000 | 122,574 | 0 | 0 | 0 |
| Total Fixed Assets | 14,356,000 | 11,199,000 | 10,979,000 | 8,928,000 | 7,446,000 | 6,818,000 | 6,411,000 | 6,164,782 | 5,025,598 | 780,289 | 132,257 |
| Stock & work in progress | 11,104,000 | 9,135,000 | 6,615,000 | 4,702,000 | 4,029,000 | 2,729,000 | 1,274,000 | 744,252 | 397,741 | 51,522 | 6,338 |
| Trade Debtors | 694,000 | 663,000 | 629,000 | 621,000 | 979,000 | 807,000 | 375,000 | 533,699 | 168,151 | 11,727 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 333,000 | 221,000 | 330,000 | 484,000 | 264,000 | 189,000 | 257,000 | 20,738 | 392,669 | 38,928 | 24,280 |
| Cash | 541,000 | 1,295,000 | 2,330,000 | 3,701,000 | 142,000 | 327,000 | 189,000 | 602,052 | 414,010 | 155,335 | 4,121 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,672,000 | 11,314,000 | 9,904,000 | 9,508,000 | 5,414,000 | 4,052,000 | 2,095,000 | 1,900,741 | 1,372,571 | 257,512 | 34,739 |
| total assets | 27,028,000 | 22,513,000 | 20,883,000 | 18,436,000 | 12,860,000 | 10,870,000 | 8,506,000 | 8,065,523 | 6,398,169 | 1,037,801 | 166,996 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 56,000 | 0 | 0 | 0 | 0 | 0 | 55,556 | 0 | 0 | 0 |
| Trade Creditors | 732,000 | 986,000 | 926,000 | 468,000 | 1,573,000 | 954,000 | 484,000 | 223,049 | 561,094 | 154,520 | 163,275 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,652 | 0 | 0 | 9,980 |
| other short term finances | 15,353,000 | 6,033,000 | 5,877,000 | 209,000 | 889,000 | 110,000 | 120,000 | 10,000 | 0 | 0 | 0 |
| hp & lease commitments | 197,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 54,408 | 42,876 | 0 | 0 |
| other current liabilities | 795,000 | 1,113,000 | 2,226,000 | 1,469,000 | 1,899,000 | 1,057,000 | 1,040,000 | 1,143,406 | 291,176 | 67,899 | 13,657 |
| total current liabilities | 17,077,000 | 8,348,000 | 9,029,000 | 2,146,000 | 4,361,000 | 2,121,000 | 1,644,000 | 1,545,071 | 895,146 | 222,419 | 186,912 |
| loans | 1,708,000 | 19,121,000 | 12,691,000 | 11,644,000 | 2,531,000 | 3,470,000 | 2,644,000 | 1,216,944 | 1,226,152 | 58,652 | 58,652 |
| hp & lease commitments | 792,000 | 672,000 | 0 | 0 | 0 | 0 | 0 | 95,733 | 103,541 | 0 | 0 |
| Accruals and Deferred Income | 396,000 | 590,000 | 765,000 | 877,000 | 1,079,000 | 1,144,000 | 1,049,000 | 385,829 | 373,683 | 5,830 | 3,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,312,000 | 10,225,000 | 7,196,000 | 6,716,000 | 2,364,000 | 2,953,000 | 2,500,000 | 1,698,506 | 1,703,376 | 64,482 | 61,652 |
| total liabilities | 18,389,000 | 18,573,000 | 16,225,000 | 8,862,000 | 6,725,000 | 5,074,000 | 4,144,000 | 3,243,577 | 2,598,522 | 286,901 | 248,564 |
| net assets | 8,639,000 | 3,940,000 | 4,658,000 | 9,574,000 | 6,135,000 | 5,796,000 | 4,362,000 | 4,821,946 | 3,799,647 | 750,900 | -81,568 |
| total shareholders funds | 8,639,000 | 3,940,000 | 4,658,000 | 9,574,000 | 6,135,000 | 5,796,000 | 4,362,000 | 4,821,946 | 3,799,647 | 750,900 | -81,568 |
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Apr 2015 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -2,284,000 | -1,972,000 | -4,283,000 | -2,942,000 | -1,682,000 | -858,000 | -992,000 | -637,240 | -586,070 | -207,771 | -81,608 |
| Depreciation | 897,000 | 787,000 | 494,000 | 494,000 | 368,000 | 298,000 | 253,000 | 245,270 | 36,933 | 3,090 | 0 |
| Amortisation | 34,000 | 31,000 | 55,000 | 36,000 | 33,000 | 26,000 | 21,000 | 0 | 0 | 0 | 0 |
| Tax | 99,000 | 0 | 0 | 0 | 0 | -1,000 | 61,000 | 0 | 0 | 0 | 0 |
| Stock | 1,969,000 | 2,520,000 | 6,615,000 | 673,000 | 1,300,000 | 1,984,748 | 529,748 | 346,511 | 397,741 | 45,184 | 6,338 |
| Debtors | 143,000 | -75,000 | 959,000 | -185,000 | 192,000 | 445,989 | 222,989 | 116,191 | 560,820 | 26,375 | 24,280 |
| Creditors | -254,000 | 60,000 | 926,000 | -1,105,000 | 619,000 | 730,951 | 260,951 | -338,045 | 561,094 | -8,755 | 163,275 |
| Accruals and Deferred Income | -512,000 | -1,288,000 | 2,991,000 | -632,000 | 777,000 | 671,765 | 559,765 | 864,376 | 664,859 | 57,072 | 16,657 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,132,000 | -4,827,000 | -7,391,000 | -4,637,000 | -1,377,000 | -1,563,021 | -589,021 | -328,341 | -281,745 | -227,923 | 67,706 |
| Investing Activities | |||||||||||
| capital expenditure | 180,414 | 444,115 | |||||||||
| Change in Investments | 0 | -119,000 | 119,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 180,414 | 444,115 | |||||||||
| Financing Activities | |||||||||||
| Bank loans | -56,000 | 56,000 | 0 | 0 | 0 | -55,556 | -55,556 | 55,556 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -58,652 | -58,652 | 58,652 | 0 | -9,980 | 9,980 |
| Other Short Term Loans | 9,320,000 | 156,000 | 5,877,000 | -680,000 | 779,000 | 100,000 | 110,000 | 10,000 | 0 | 0 | 0 |
| Long term loans | -17,413,000 | 6,430,000 | 12,691,000 | 9,113,000 | -939,000 | 2,253,056 | 1,427,056 | -9,208 | 1,226,152 | 0 | 58,652 |
| Hire Purchase and Lease Commitments | 157,000 | 832,000 | 0 | 0 | 0 | -150,141 | -150,141 | 3,724 | 146,417 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | 1,046,000 | -2,905,000 | -3,013,000 | -525,000 | -69,000 | -79,000 | -80,000 | -91,978 | -7,283 | 331 | 10 |
| cash flow from financing | -1,108,000 | 8,728,000 | 27,509,000 | 14,814,000 | 1,861,000 | 3,921,761 | 1,743,761 | 1,778,263 | 5,758,286 | 1,030,259 | 68,672 |
| cash and cash equivalents | |||||||||||
| cash | -754,000 | -1,035,000 | 2,330,000 | 3,559,000 | -185,000 | -275,052 | -413,052 | 188,042 | 414,010 | 151,214 | 4,121 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -754,000 | -1,035,000 | 2,330,000 | 3,559,000 | -185,000 | -275,052 | -413,052 | 188,042 | 414,010 | 151,214 | 4,121 |
P&L
June 2023turnover
5.8m
-2%
operating profit
-2.3m
+16%
gross margin
65.8%
+4.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
8.6m
+1.19%
total assets
27m
+0.2%
cash
541k
-0.58%
net assets
Total assets minus all liabilities
the lakes distillery company plc company details
company number
07769363
Type
Public limited with Share Capital
industry
11010 - Distilling, rectifying and blending of spirits
incorporation date
September 2011
age
13
accounts
Group
ultimate parent company
previous names
the lakes distillery company limited (October 2018)
incorporated
UK
address
low barkhouse farm setmurthy, cockermouth, cumbria, CA13 9SJ
last accounts submitted
June 2023
the lakes distillery company plc Charges & Mortgages
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 15 charges/mortgages relating to the lakes distillery company plc. Currently there are 4 open charges and 11 have been satisfied in the past.
the lakes distillery company plc Companies House Filings - See Documents
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