Latchets Development Limited

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latchets development limited Company Information

Live

EstablishedSmallDeclining

Company Number

07999423

Next Accounts

Dec 2025

Industry

Farm animal boarding and care

Directors

Janet Cima

Alistair Cima

Shareholders

janet elizabeth cima

roberto cima

Group Structure

View All

Contact

Registered Address

latchets redlynch lane, keynsham, bristol, BS31 2SN

Website

www.latchetskennels.co.uk

latchets development limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of LATCHETS DEVELOPMENT LIMITED at £1.8m based on a Turnover of £3.4m and 0.52x industry multiple (adjusted for size and gross margin).

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Latchets Development Limited is a live company located in bristol, BS31 2SN with a Companies House number of 07999423. It operates in the farm animal boarding and care sector, SIC Code 01621. Founded in March 2012, it's largest shareholder is janet elizabeth cima with a 50% stake. Latchets Development Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Latchets Development Limited 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

1 Regular

5 Weak

Size

annual sales of £3.4m, make it larger than the average company (£447.1k)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (13.5%)

EXPORT

Latchets Development Limited's latest turnover from March 2024 is estimated at £3.4 million and the company has net assets of £458.9 thousand. According to their latest financial statements, Latchets Development Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Jun 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	3,424,789	3,581,437	3,412,744	7,026,068	2,051,179	79,107	5,518,769	4,193,895	22,637	1,124	112,989	18,622
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,414,958	1,735,354	1,997,185	3,976,094	1,404,310	61,943	1,969,815	1,279,626	9,539	279	26,977	5,410
Gross Profit	2,009,831	1,846,083	1,415,559	3,049,974	646,869	17,163	3,548,954	2,914,269	13,098	846	86,012	13,211
Admin Expenses	1,976,359	1,824,919	1,434,807	3,063,464	609,339	-73,656	3,448,655	2,815,715	-37,967	-91,393	36,233	-29,065
Operating Profit	33,472	21,164	-19,248	-13,490	37,530	90,819	100,299	98,554	51,065	92,239	49,779	42,276
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	61	454	0	325	1,072	658	363	128
Pre-Tax Profit	33,472	21,164	-19,248	-13,490	37,590	91,273	100,299	98,879	52,138	92,897	50,142	42,404
Tax	-8,368	-5,291	0	0	-7,142	-17,342	-19,057	-19,776	-10,427	-19,508	-11,533	-10,177
Profit After Tax	25,104	15,873	-19,248	-13,490	30,448	73,931	81,242	79,103	41,710	73,389	38,609	32,227
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,104	15,873	-19,248	-13,490	30,448	73,931	81,242	79,103	41,710	73,389	38,609	32,227
Employee Costs	19,151	36,997	32,863	1,926,756	47,022	45,098	1,348,446	1,426,287	15,778	15,179	54,834	17,229
Number Of Employees	1	2	2	126	3	3	87	97	1	1	3	1
EBITDA*	33,472	21,164	-19,248	-13,490	37,877	90,819	100,299	98,554	56,277	97,489	55,042	47,291

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Jun 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	2,819	1,577	1,948	1,513	1,802	2,149	2,567	3,070	2,643	3,215	3,236	2,125
Intangible Assets	0	0	0	0	0	0	0	0	4,640	9,280	13,920	18,560
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	2,819	1,577	1,948	1,513	1,802	2,149	2,567	3,070	7,283	12,495	17,156	20,685
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	466,166	496,752	502,171	480,006	466,724	0	445,165	354,584	0	69	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	319,706	0	0	0	0	0	0
Cash	0	0	0	0	0	121,129	0	0	259,754	169,106	94,100	51,079
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	466,166	496,752	502,171	480,006	466,724	440,835	445,165	354,584	259,754	169,175	94,100	51,079
total assets	468,985	498,329	504,119	481,519	468,526	442,984	447,732	357,654	267,037	181,670	111,256	71,764
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	10,087	64,535	86,198	43,849	17,117	0	101,452	92,616	80,699	36,978	39,998	39,437
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	22,673	0	0	0	0	0	0
total current liabilities	10,087	64,535	86,198	43,849	17,117	22,673	101,452	92,616	80,699	36,978	39,998	39,437
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	501	750	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	303	367	322	0
total long term liabilities	0	0	0	501	750	0	0	0	303	367	322	0
total liabilities	10,087	64,535	86,198	44,350	17,867	22,673	101,452	92,616	81,002	37,345	40,320	39,437
net assets	458,898	433,794	417,921	437,169	450,659	420,311	346,280	265,038	186,035	144,325	70,936	32,327
total shareholders funds	458,898	433,794	417,921	437,169	450,659	420,311	346,280	265,038	186,035	144,325	70,936	32,327

	Mar 2024	Jun 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	33,472	21,164	-19,248	-13,490	37,530	90,819	100,299	98,554	51,065	92,239	49,779	42,276
Depreciation	0	0	0	0	347	0	0	0	572	610	623	375
Amortisation	0	0	0	0	0	0	0	0	4,640	4,640	4,640	4,640
Tax	-8,368	-5,291	0	0	-7,142	-17,342	-19,057	-19,776	-10,427	-19,508	-11,533	-10,177
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-30,586	-5,419	22,165	13,282	147,018	-125,459	90,581	354,584	-69	69	0	0
Creditors	-54,448	-21,663	42,349	26,732	17,117	-101,452	8,836	11,917	43,721	-3,020	561	39,437
Accruals and Deferred Income	0	0	-501	-249	-21,923	22,673	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-303	-64	45	322	0
Cash flow from operations	1,242	-371	435	-289	-121,089	120,157	-503	-264,192	89,576	74,937	44,392	76,551
Investing Activities
capital expenditure	-1,242	371	-435	289	0	418	503	4,213	0	-589	-1,734	-25,700
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,242	371	-435	289	0	418	503	4,213	0	-589	-1,734	-25,700
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	-100	100	0	-100	0	0	0	100
interest	0	0	0	0	61	454	0	325	1,072	658	363	128
cash flow from financing	0	0	0	0	-39	554	0	225	1,072	658	363	228
cash and cash equivalents
cash	0	0	0	0	-121,129	121,129	0	-259,754	90,648	75,006	43,021	51,079
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-121,129	121,129	0	-259,754	90,648	75,006	43,021	51,079

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LATCHETS DEVELOPMENT LIMITED group structure

Latchets Development Limited has no subsidiary companies.

Ultimate parent company

LATCHETS DEVELOPMENT LIMITED

07999423

LATCHETS DEVELOPMENT LIMITED Shareholders

janet elizabeth cima	50%
roberto cima	50%

Latchets Development Limited currently has 2 directors. The longest serving directors include Mrs Janet Cima (Mar 2012) and Mr Alistair Cima (Jul 2024).

officer	country	age	start	end	role
Mrs Janet Cima	United Kingdom	77 years	Mar 2012	-	Director
Mr Alistair Cima	England	51 years	Jul 2024	-	Director

P&L

March 2024

turnover

3.4m

-4%

operating profit

33.5k

gross margin

58.7%

+13.85%

turnover

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

Balance Sheet

March 2024

net assets

458.9k

+0.06%

total assets

469k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

07999423

Type

Private limited with Share Capital

industry

01621 - Farm animal boarding and care

incorporation date

March 2012

ultimate parent company

None

previous names

latchets kennels limited (February 2024)

latchets limited (March 2012)

address

latchets redlynch lane, keynsham, bristol, BS31 2SN

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latchets development limited Company Information

latchets development limited Estimated Valuation

latchets development limited Estimated Valuation

latchets development limited Estimated Valuation

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