lb financial solutions limited
lb financial solutions limited Company Information
Company Number
07942025
Website
www.lbfinancialsolutions.comRegistered Address
swift house, ground floor, 18 hoffmanns way, chelmsford, essex, CM1 1GU
Industry
Financial management
Telephone
02082218282
Next Accounts Due
May 2025
Group Structure
View All
Directors
Paul Mustoe0 Years
Shareholders
lbgh limited 100%
lb financial solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LB FINANCIAL SOLUTIONS LIMITED at £288.5k based on a Turnover of £678.5k and 0.43x industry multiple (adjusted for size and gross margin).
lb financial solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LB FINANCIAL SOLUTIONS LIMITED at £0 based on an EBITDA of £-162.6k and a 3.24x industry multiple (adjusted for size and gross margin).
lb financial solutions limited Estimated Valuation
Pomanda estimates the enterprise value of LB FINANCIAL SOLUTIONS LIMITED at £7.8k based on Net Assets of £16.1k and 0.49x industry multiple (adjusted for liquidity).
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Lb Financial Solutions Limited Overview
Lb Financial Solutions Limited is a live company located in chelmsford, CM1 1GU with a Companies House number of 07942025. It operates in the financial management sector, SIC Code 70221. Founded in February 2012, it's largest shareholder is lbgh limited with a 100% stake. Lb Financial Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £678.5k with high growth in recent years.
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Lb Financial Solutions Limited Health Check
Pomanda's financial health check has awarded Lb Financial Solutions Limited a 3 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £678.5k, make it in line with the average company (£772.8k)
£678.5k - Lb Financial Solutions Limited
£772.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (9%)
- Lb Financial Solutions Limited
9% - Industry AVG
Production
with a gross margin of -3.8%, this company has a higher cost of product (80.7%)
-3.8% - Lb Financial Solutions Limited
80.7% - Industry AVG
Profitability
an operating margin of -24.2% make it less profitable than the average company (8.1%)
-24.2% - Lb Financial Solutions Limited
8.1% - Industry AVG
Employees
with 11 employees, this is above the industry average (5)
11 - Lb Financial Solutions Limited
5 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has a lower pay structure (£52.8k)
£33.6k - Lb Financial Solutions Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £61.7k, this is less efficient (£138.4k)
£61.7k - Lb Financial Solutions Limited
£138.4k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (62 days)
2 days - Lb Financial Solutions Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (50 days)
0 days - Lb Financial Solutions Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lb Financial Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (32 weeks)
31 weeks - Lb Financial Solutions Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.2%, this is a higher level of debt than the average (49.8%)
83.2% - Lb Financial Solutions Limited
49.8% - Industry AVG
LB FINANCIAL SOLUTIONS LIMITED financials
Lb Financial Solutions Limited's latest turnover from August 2023 is £678.5 thousand and the company has net assets of £16.1 thousand. According to their latest financial statements, Lb Financial Solutions Limited has 11 employees and maintains cash reserves of £21.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 678,515 | 1,307,396 | ||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||
| Cost Of Sales | 704,171 | 995,403 | ||||||||||
| Gross Profit | -25,656 | 311,993 | ||||||||||
| Admin Expenses | 138,678 | 123,696 | ||||||||||
| Operating Profit | -164,334 | 188,297 | ||||||||||
| Interest Payable | 840 | 1,082 | ||||||||||
| Interest Receivable | 75,000 | 0 | ||||||||||
| Pre-Tax Profit | -90,174 | 187,215 | ||||||||||
| Tax | 35,007 | -35,581 | ||||||||||
| Profit After Tax | -55,167 | 151,634 | ||||||||||
| Dividends Paid | 0 | 0 | ||||||||||
| Retained Profit | -55,167 | 151,634 | ||||||||||
| Employee Costs | 369,842 | |||||||||||
| Number Of Employees | 11 | 12 | 10 | 10 | 7 | |||||||
| EBITDA* | -162,649 | 189,010 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,491 | 2,360 | 2,069 | 1,443 | 1,395 | 1,889 | 2,344 | 1,906 | 367 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 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 | 1,591 | 2,360 | 2,069 | 1,443 | 1,395 | 1,889 | 2,344 | 1,906 | 367 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,371 | 15,831 | 11,741 | 12,181 | 8,347 | 24,396 | 21,855 | 79,822 | 29,103 | 18,120 | 7,693 | 0 |
| Group Debtors | 24,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 42,669 | 273,508 | 115,353 | 23,012 | 55,100 | 5,100 | 100 | 0 | 0 | 0 | 0 | 0 |
| Cash | 21,307 | 22,480 | 193,263 | 129,201 | 71,177 | 102,308 | 45,798 | 0 | 34,937 | 89,729 | 59,515 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 94,247 | 311,819 | 320,357 | 164,394 | 134,624 | 131,804 | 67,753 | 79,822 | 64,040 | 107,849 | 67,208 | 0 |
| total assets | 95,838 | 314,179 | 322,426 | 165,837 | 136,019 | 133,693 | 70,097 | 81,728 | 64,407 | 107,849 | 67,208 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,056 | 9,808 | 9,566 | 3,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 826 | 3,017 | 7,241 | 14,979 | 0 | 0 | 0 | 78,480 | 40,172 | 107,747 | 67,107 | 0 |
| Group/Directors Accounts | 2,540 | 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 | 22,282 | 64,579 | 75,907 | 35,543 | 78,854 | 100,120 | 63,586 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 35,704 | 77,404 | 92,714 | 53,665 | 78,854 | 100,120 | 63,586 | 78,480 | 40,172 | 107,747 | 67,107 | 0 |
| loans | 18,214 | 28,271 | 38,079 | 46,857 | 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 | 25,851 | 29,268 | 53,403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 44,065 | 57,539 | 91,482 | 46,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 79,769 | 134,943 | 184,196 | 100,522 | 78,854 | 100,120 | 63,586 | 78,480 | 40,172 | 107,747 | 67,107 | 0 |
| net assets | 16,069 | 179,236 | 138,230 | 65,315 | 57,165 | 33,573 | 6,511 | 3,248 | 24,235 | 102 | 101 | 0 |
| total shareholders funds | 16,069 | 179,236 | 138,230 | 65,315 | 57,165 | 33,573 | 6,511 | 3,248 | 24,235 | 102 | 101 | 0 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -164,334 | 188,297 | ||||||||||
| Depreciation | 1,685 | 713 | 1,862 | 928 | 2,175 | 183 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 35,007 | -35,581 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -216,399 | 162,245 | 91,901 | -28,254 | 33,951 | 7,541 | -57,867 | 50,719 | 10,983 | 10,427 | 7,693 | 0 |
| Creditors | -2,191 | -4,224 | -7,738 | 14,979 | 0 | 0 | -78,480 | 38,308 | -67,575 | 40,640 | 67,107 | 0 |
| Accruals and Deferred Income | -42,297 | -11,328 | 40,364 | -43,311 | -21,266 | 36,534 | 63,586 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -3,417 | -24,135 | 53,403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 40,852 | -48,503 | ||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 248 | 242 | 6,423 | 3,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,540 | 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 | -10,057 | -9,808 | -8,778 | 46,857 | 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 | ||||||||||||
| interest | 74,160 | -1,082 | ||||||||||
| cash flow from financing | -41,109 | -121,276 | ||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -1,173 | -170,783 | 64,062 | 58,024 | -31,131 | 56,510 | 45,798 | -34,937 | -54,792 | 30,214 | 59,515 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,173 | -170,783 | 64,062 | 58,024 | -31,131 | 56,510 | 45,798 | -34,937 | -54,792 | 30,214 | 59,515 | 0 |
lb financial solutions limited Credit Report and Business Information
Lb Financial Solutions Limited Competitor Analysis
Perform a competitor analysis for lb financial solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CM1 area or any other competitors across 12 key performance metrics.
lb financial solutions limited Ownership
LB FINANCIAL SOLUTIONS LIMITED group structure
Lb Financial Solutions Limited has 2 subsidiary companies.
Ultimate parent company
BLUE BIDCO GUERNSEY LTD
#0162094
2 parents
LB FINANCIAL SOLUTIONS LIMITED
07942025
2 subsidiaries
lb financial solutions limited directors
Lb Financial Solutions Limited currently has 1 director, Mr Paul Mustoe serving since Jun 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Mustoe | England | 49 years | Jun 2024 | - | Director |
P&L
August 2023turnover
678.5k
-48%
operating profit
-164.3k
-187%
gross margin
-3.7%
-115.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
16.1k
-0.91%
total assets
95.8k
-0.69%
cash
21.3k
-0.05%
net assets
Total assets minus all liabilities
lb financial solutions limited company details
company number
07942025
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
February 2012
age
12
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
swift house, ground floor, 18 hoffmanns way, chelmsford, essex, CM1 1GU
accountant
-
auditor
BARKER WILKINSON LTD
lb financial solutions limited 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 did not find charges/mortgages relating to lb financial solutions limited.
lb financial solutions limited Companies House Filings - See Documents
| date | description | view/download |
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