lacka foods limited
lacka foods limited Company Information
Company Number
08011225
Website
www.lackafoods.comRegistered Address
weetabix mills burton latimer, kettering, northamptonshire, NN15 5JR
Industry
Manufacture of breakfast cereals and cereals-based foods
Telephone
01628421760
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
weetabix limited 100%
lacka foods limited Estimated Valuation
Pomanda estimates the enterprise value of LACKA FOODS LIMITED at £39.2m based on a Turnover of £30.9m and 1.27x industry multiple (adjusted for size and gross margin).
lacka foods limited Estimated Valuation
Pomanda estimates the enterprise value of LACKA FOODS LIMITED at £28.3m based on an EBITDA of £3.2m and a 8.87x industry multiple (adjusted for size and gross margin).
lacka foods limited Estimated Valuation
Pomanda estimates the enterprise value of LACKA FOODS LIMITED at £18.7m based on Net Assets of £6.5m and 2.88x industry multiple (adjusted for liquidity).
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Lacka Foods Limited Overview
Lacka Foods Limited is a live company located in northamptonshire, NN15 5JR with a Companies House number of 08011225. It operates in the manufacture of breakfast cereals and cereals-based food sector, SIC Code 10612. Founded in March 2012, it's largest shareholder is weetabix limited with a 100% stake. Lacka Foods Limited is a established, large sized company, Pomanda has estimated its turnover at £30.9m with rapid growth in recent years.
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Lacka Foods Limited Health Check
Pomanda's financial health check has awarded Lacka Foods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £30.9m, make it larger than the average company (£19.7m)
£30.9m - Lacka Foods Limited
£19.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 98%, show it is growing at a faster rate (5%)
- Lacka Foods Limited
5% - Industry AVG
Production
with a gross margin of 18.6%, this company has a comparable cost of product (20.2%)
18.6% - Lacka Foods Limited
20.2% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (1.6%)
10.3% - Lacka Foods Limited
1.6% - Industry AVG
Employees
with 13 employees, this is below the industry average (45)
13 - Lacka Foods Limited
45 - Industry AVG
Pay Structure
on an average salary of £88.7k, the company has a higher pay structure (£45.7k)
£88.7k - Lacka Foods Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £2.4m, this is more efficient (£324.5k)
£2.4m - Lacka Foods Limited
£324.5k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (60 days)
60 days - Lacka Foods Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (32 days)
13 days - Lacka Foods Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is in line with average (34 days)
32 days - Lacka Foods Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (2 weeks)
33 weeks - Lacka Foods Limited
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.5%, this is a lower level of debt than the average (62.4%)
39.5% - Lacka Foods Limited
62.4% - Industry AVG
LACKA FOODS LIMITED financials
Lacka Foods Limited's latest turnover from September 2023 is £30.9 million and the company has net assets of £6.5 million. According to their latest financial statements, Lacka Foods Limited has 13 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 30,922,080 | 28,492,453 | |||||||||
| Other Income Or Grants | 0 | 0 | |||||||||
| Cost Of Sales | 25,165,461 | 22,047,854 | |||||||||
| Gross Profit | 5,756,619 | 6,444,599 | |||||||||
| Admin Expenses | 2,581,308 | 4,315,831 | |||||||||
| Operating Profit | 3,175,311 | 2,128,768 | |||||||||
| Interest Payable | 110,707 | 201,389 | |||||||||
| Interest Receivable | 0 | 0 | |||||||||
| Pre-Tax Profit | 3,064,604 | 1,927,379 | |||||||||
| Tax | 115,957 | -366,225 | |||||||||
| Profit After Tax | 3,180,561 | 1,561,154 | |||||||||
| Dividends Paid | 0 | 0 | |||||||||
| Retained Profit | 3,180,561 | 1,561,154 | |||||||||
| Employee Costs | 1,152,765 | 1,693,500 | |||||||||
| Number Of Employees | 13 | 11 | 10 | 11 | 9 | 9 | 7 | ||||
| EBITDA* | 3,190,525 | 2,140,394 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 70,263 | 36,145 | 21,831 | 22,854 | 24,486 | 28,306 | 35,244 | 8,786 | 101 | 2,078 | 4,052 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 70,263 | 36,145 | 21,831 | 22,854 | 24,486 | 28,306 | 35,244 | 8,786 | 101 | 2,078 | 4,052 |
| Stock & work in progress | 2,211,927 | 1,198,109 | 1,185,317 | 946,731 | 493,398 | 337,586 | 316,692 | 105,556 | 105,631 | 56,549 | 25,000 |
| Trade Debtors | 5,131,849 | 3,496,641 | 2,156,241 | 912,247 | 1,610,204 | 981,156 | 838,208 | 511,688 | 536,247 | 95,555 | 49,834 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 630,752 | 508,409 | 32,960 | 25,356 | 25,031 | 178,617 | 168,399 | 0 | 0 | 0 | 0 |
| Cash | 2,678,871 | 2,785,103 | 298,407 | 923,422 | 727,287 | 474,858 | 155,462 | 33,133 | 44,310 | 4,460 | 18,223 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,653,399 | 7,988,262 | 3,672,925 | 2,807,756 | 2,855,920 | 1,972,217 | 1,478,761 | 650,377 | 686,188 | 156,564 | 93,057 |
| total assets | 10,723,662 | 8,024,407 | 3,694,756 | 2,830,610 | 2,880,406 | 2,000,523 | 1,514,005 | 659,163 | 686,289 | 158,642 | 97,109 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 8,131 | 33,631 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 942,535 | 1,280,608 | 590,495 | 492,681 | 1,114,969 | 1,081,340 | 909,250 | 567,534 | 542,803 | 143,025 | 93,568 |
| Group/Directors Accounts | 1,251,634 | 1,251,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 2,019,771 | 2,173,703 | 0 | 0 | 0 | 491,218 | 245,098 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,213,940 | 4,705,945 | 590,495 | 492,681 | 1,114,969 | 1,580,689 | 1,187,979 | 567,534 | 542,803 | 143,025 | 93,568 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 1,349,672 | 1,219,196 | 939,213 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 49,167 | 0 | 0 | 0 | 52,882 | 95,484 | 66,292 | 0 |
| provisions | 17,566 | 6,867 | 4,148 | 4,342 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 17,566 | 6,867 | 1,353,820 | 1,272,705 | 939,213 | 0 | 0 | 52,882 | 95,484 | 66,292 | 0 |
| total liabilities | 4,231,506 | 4,712,812 | 1,944,315 | 1,765,386 | 2,054,182 | 1,580,689 | 1,187,979 | 620,416 | 638,287 | 209,317 | 93,568 |
| net assets | 6,492,156 | 3,311,595 | 1,750,441 | 1,065,224 | 826,224 | 419,834 | 326,026 | 38,747 | 48,002 | -50,675 | 3,541 |
| total shareholders funds | 6,492,156 | 3,311,595 | 1,750,441 | 1,065,224 | 826,224 | 419,834 | 326,026 | 38,747 | 48,002 | -50,675 | 3,541 |
| Sep 2023 | Sep 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 3,175,311 | 2,128,768 | |||||||||
| Depreciation | 15,214 | 11,626 | 6,226 | 6,310 | 6,722 | 9,373 | 7,010 | 1,189 | 1,977 | 1,974 | 1,978 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 115,957 | -366,225 | |||||||||
| Stock | 1,013,818 | 12,792 | 238,586 | 453,333 | 155,812 | 20,894 | 211,136 | -75 | 49,082 | 31,549 | 25,000 |
| Debtors | 1,757,551 | 1,815,849 | 1,251,598 | -697,632 | 475,462 | 153,166 | 494,919 | -24,559 | 440,692 | 45,721 | 49,834 |
| Creditors | -338,073 | 690,113 | 97,814 | -622,288 | 33,629 | 172,090 | 341,716 | 24,731 | 399,778 | 49,457 | 93,568 |
| Accruals and Deferred Income | -153,932 | 824,031 | 130,476 | 279,983 | 447,995 | 246,120 | 245,098 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 10,699 | 2,719 | -194 | 4,342 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 53,807 | 1,462,391 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 1,251,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -49,167 | 49,167 | 0 | 0 | -52,882 | -42,602 | 29,192 | 66,292 | 0 |
| share issue | |||||||||||
| interest | -110,707 | -201,389 | |||||||||
| cash flow from financing | -110,707 | 1,050,245 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | -106,232 | 2,486,696 | -625,015 | 196,135 | 252,429 | 319,396 | 122,329 | -11,177 | 39,850 | -13,763 | 18,223 |
| overdraft | 0 | 0 | 0 | 0 | -8,131 | -25,500 | 33,631 | 0 | 0 | 0 | 0 |
| change in cash | -106,232 | 2,486,696 | -625,015 | 196,135 | 260,560 | 344,896 | 88,698 | -11,177 | 39,850 | -13,763 | 18,223 |
lacka foods limited Credit Report and Business Information
Lacka Foods Limited Competitor Analysis
Perform a competitor analysis for lacka foods limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lacka foods limited Ownership
LACKA FOODS LIMITED group structure
Lacka Foods Limited has no subsidiary companies.
Ultimate parent company
POST HOLDINGS INC
#0103503
2 parents
LACKA FOODS LIMITED
08011225
lacka foods limited directors
Lacka Foods Limited currently has 4 directors. The longest serving directors include Mr Austin Bailey (Mar 2012) and Mr Terry Adams (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Austin Bailey | England | 50 years | Mar 2012 | - | Director |
| Mr Terry Adams | England | 41 years | May 2016 | - | Director |
| Ms Sally Abbott | United Kingdom | 56 years | Oct 2022 | - | Director |
| Mr Bruce Condon | England | 53 years | May 2024 | - | Director |
P&L
September 2023turnover
30.9m
+9%
operating profit
3.2m
+49%
gross margin
18.7%
-17.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
6.5m
+0.96%
total assets
10.7m
+0.34%
cash
2.7m
-0.04%
net assets
Total assets minus all liabilities
lacka foods limited company details
company number
08011225
Type
Private limited with Share Capital
industry
10612 - Manufacture of breakfast cereals and cereals-based foods
incorporation date
March 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
weetabix mills burton latimer, kettering, northamptonshire, NN15 5JR
last accounts submitted
September 2023
lacka foods 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 found 2 charges/mortgages relating to lacka foods limited. Currently there are 0 open charges and 2 have been satisfied in the past.
lacka foods limited Companies House Filings - See Documents
| date | description | view/download |
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