ldf finance no. 2 limited
ldf finance no. 2 limited Company Information
Company Number
08822802
Next Accounts
Sep 2025
Shareholders
ldf group finance ltd
Group Structure
View All
Industry
Financial leasing
Registered Address
second floor, hq offices, 58 nicholas street, chester, CH1 2NP
Website
www.ldf.co.ukldf finance no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LDF FINANCE NO. 2 LIMITED at £1.2m based on a Turnover of £569.9k and 2.07x industry multiple (adjusted for size and gross margin).
ldf finance no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LDF FINANCE NO. 2 LIMITED at £3.8m based on an EBITDA of £459.1k and a 8.18x industry multiple (adjusted for size and gross margin).
ldf finance no. 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LDF FINANCE NO. 2 LIMITED at £965.9k based on Net Assets of £483.4k and 2x industry multiple (adjusted for liquidity).
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Ldf Finance No. 2 Limited Overview
Ldf Finance No. 2 Limited is a live company located in chester, CH1 2NP with a Companies House number of 08822802. It operates in the financial leasing sector, SIC Code 64910. Founded in December 2013, it's largest shareholder is ldf group finance ltd with a 100% stake. Ldf Finance No. 2 Limited is a established, small sized company, Pomanda has estimated its turnover at £569.9k with declining growth in recent years.
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Ldf Finance No. 2 Limited Health Check
Pomanda's financial health check has awarded Ldf Finance No. 2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £569.9k, make it smaller than the average company (£2.9m)
£569.9k - Ldf Finance No. 2 Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -62%, show it is growing at a slower rate (-0.2%)
-62% - Ldf Finance No. 2 Limited
-0.2% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (49.3%)
100% - Ldf Finance No. 2 Limited
49.3% - Industry AVG
Profitability
an operating margin of 80.6% make it more profitable than the average company (39.8%)
80.6% - Ldf Finance No. 2 Limited
39.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (8)
4 - Ldf Finance No. 2 Limited
8 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Ldf Finance No. 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £142.5k, this is less efficient (£548k)
£142.5k - Ldf Finance No. 2 Limited
£548k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (49 days)
27 days - Ldf Finance No. 2 Limited
49 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ldf Finance No. 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ldf Finance No. 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is average cash available to meet short term requirements (5 weeks)
5 weeks - Ldf Finance No. 2 Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.1%, this is a similar level of debt than the average (96.3%)
96.1% - Ldf Finance No. 2 Limited
96.3% - Industry AVG
LDF FINANCE NO. 2 LIMITED financials
Ldf Finance No. 2 Limited's latest turnover from December 2023 is £569.9 thousand and the company has net assets of £483.4 thousand. According to their latest financial statements, Ldf Finance No. 2 Limited has 4 employees and maintains cash reserves of £1.2 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 569,913 | 4,105,718 | 6,701,467 | 10,037,541 | 11,783,949 | 11,449,773 | 9,181,060 | 4,577,700 | 115,324 | ||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | 569,913 | 4,105,718 | 6,701,467 | 10,037,541 | 11,783,949 | 11,449,773 | 9,181,060 | 4,577,700 | 115,324 | ||
| Admin Expenses | 110,830 | 1,344,406 | 3,061,756 | 5,220,620 | 8,113,687 | 6,774,114 | 5,080,835 | 2,235,010 | 401,318 | ||
| Operating Profit | 459,083 | 2,761,312 | 3,639,711 | 4,816,921 | 3,670,262 | 4,675,659 | 4,100,225 | 2,342,690 | -285,994 | ||
| Interest Payable | 142,439 | 1,495,643 | 1,614,056 | 2,264,879 | 2,316,964 | 1,958,147 | 1,601,017 | 719,480 | |||
| Interest Receivable | 2,101 | 87 | |||||||||
| Pre-Tax Profit | 318,745 | 1,265,669 | 2,025,655 | 2,552,042 | 1,353,385 | 2,717,512 | 2,499,208 | 1,623,210 | -285,994 | ||
| Tax | 1,183,480 | -895,260 | 606,657 | 3,399 | 696,551 | -577,043 | -30,075 | -319,427 | |||
| Profit After Tax | 1,502,225 | 370,409 | 2,632,312 | 2,555,441 | 2,049,936 | 2,140,469 | 2,469,133 | 1,303,783 | -285,994 | ||
| Dividends Paid | 1,235,951 | 1,235,951 | 3,400,725 | 2,719,841 | 2,597,767 | ||||||
| Retained Profit | 266,274 | -865,542 | -768,413 | -164,400 | -547,831 | 2,140,469 | 2,469,133 | 1,303,783 | -285,994 | ||
| Employee Costs | |||||||||||
| Number Of Employees | 4 | 3 | 3 | 4 | 8 | ||||||
| EBITDA* | 459,083 | 2,761,312 | 3,639,711 | 4,816,921 | 3,670,262 | 4,675,659 | 4,100,225 | 2,342,690 | -285,994 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | 4,922,098 | 11,231,654 | 26,411,225 | 29,874,738 | 39,999,909 | 42,800,775 | 35,532,597 | 18,897,334 | 1,305,964 | ||
| Total Fixed Assets | 4,922,098 | 11,231,654 | 26,411,225 | 29,874,738 | 39,999,909 | 42,800,775 | 35,532,597 | 18,897,334 | 1,305,964 | ||
| Stock & work in progress | |||||||||||
| Trade Debtors | 43,051 | 53,453 | 1,479 | 3,052 | 1,350 | 8,893 | 16,985 | ||||
| Group Debtors | 5,778,502 | 6,240,198 | 6,855,001 | 1 | |||||||
| Misc Debtors | 6,239,806 | 14,235,436 | 33,790,766 | 36,375,032 | 41,068,969 | 36,562,237 | 30,827,510 | 23,558,227 | 6,501,557 | ||
| Cash | 1,166,443 | 2,138,288 | 1,522,315 | 3,842,288 | 3,146,040 | 1,320,129 | 3,961,567 | 3,172,782 | 1,930,241 | ||
| misc current assets | |||||||||||
| total current assets | 7,449,300 | 16,427,177 | 35,314,560 | 40,220,372 | 44,216,359 | 43,669,761 | 41,046,260 | 33,586,010 | 8,431,799 | ||
| total assets | 12,371,398 | 27,658,831 | 61,725,785 | 70,095,110 | 84,216,268 | 86,470,536 | 76,578,857 | 52,483,344 | 9,737,763 | ||
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 16,654 | 11,109 | 91,000 | 88,904 | 109,701 | 132,543 | 70,478 | 150,239 | 35,000 | ||
| Group/Directors Accounts | 11,236,940 | 7,526,318 | 7,877,733 | 12,038,421 | 12,449,257 | 15,427,603 | 16,926,445 | 16,552,073 | 4,540,176 | ||
| other short term finances | 292,248 | 537,237 | 3,508,198 | 5,997,814 | 17,442,014 | 14,662,845 | 14,952,411 | 14,878,499 | 5,051,664 | ||
| hp & lease commitments | |||||||||||
| other current liabilities | 333,698 | 2,096,532 | 994,561 | 633,431 | 571,259 | 971,894 | 754,800 | 330,680 | 3,308 | ||
| total current liabilities | 11,879,540 | 10,171,196 | 12,471,492 | 18,758,570 | 30,572,231 | 31,194,885 | 32,704,134 | 31,911,491 | 9,630,148 | ||
| loans | 8,427 | 14,206,429 | 45,107,545 | 46,421,379 | 48,564,476 | 49,582,383 | 40,327,970 | 19,554,063 | 393,608 | ||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | 65,876 | 59,830 | |||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 8,427 | 14,206,429 | 45,107,545 | 46,421,379 | 48,564,476 | 49,648,259 | 40,387,800 | 19,554,063 | 393,608 | ||
| total liabilities | 11,887,967 | 24,377,625 | 57,579,037 | 65,179,949 | 79,136,707 | 80,843,144 | 73,091,934 | 51,465,554 | 10,023,756 | ||
| net assets | 483,431 | 3,281,206 | 4,146,748 | 4,915,161 | 5,079,561 | 5,627,392 | 3,486,923 | 1,017,790 | -285,993 | ||
| total shareholders funds | 483,431 | 3,281,206 | 4,146,748 | 4,915,161 | 5,079,561 | 5,627,392 | 3,486,923 | 1,017,790 | -285,993 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 459,083 | 2,761,312 | 3,639,711 | 4,816,921 | 3,670,262 | 4,675,659 | 4,100,225 | 2,342,690 | -285,994 | ||
| Depreciation | |||||||||||
| Amortisation | |||||||||||
| Tax | 1,183,480 | -895,260 | 606,657 | 3,399 | 696,551 | -577,043 | -30,075 | -319,427 | |||
| Stock | |||||||||||
| Debtors | -14,315,588 | -34,682,927 | -6,049,352 | -14,817,406 | -4,080,179 | 12,533,117 | 23,306,728 | 41,503,040 | 7,807,522 | ||
| Creditors | 5,545 | -79,891 | 2,096 | -20,797 | -22,842 | 62,065 | -79,761 | 115,239 | 35,000 | ||
| Accruals and Deferred Income | -1,762,834 | 1,101,971 | 361,130 | 62,172 | -466,511 | 223,140 | 483,950 | 327,372 | 3,308 | ||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | 14,200,862 | 37,571,059 | 10,658,946 | 19,679,101 | 7,957,639 | -8,149,296 | -18,832,389 | -39,037,166 | -8,055,208 | ||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 3,710,622 | -351,415 | -4,160,688 | -410,836 | -2,978,346 | -1,498,842 | 374,372 | 12,011,897 | 4,540,176 | ||
| Other Short Term Loans | -244,989 | -2,970,961 | -2,489,616 | -11,444,200 | 2,779,169 | -289,566 | 73,912 | 9,826,835 | 5,051,664 | ||
| Long term loans | -14,198,002 | -30,901,116 | -1,313,834 | -2,143,097 | -1,017,907 | 9,254,413 | 20,773,907 | 19,160,455 | 393,608 | ||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -140,338 | -1,495,643 | -1,614,056 | -2,264,879 | -2,316,877 | -1,958,147 | -1,601,017 | -719,480 | |||
| cash flow from financing | -13,936,756 | -35,719,135 | -9,578,194 | -16,263,012 | -3,533,961 | 5,507,858 | 19,621,174 | 40,279,707 | 9,985,449 | ||
| cash and cash equivalents | |||||||||||
| cash | -971,845 | 615,973 | -2,319,973 | 696,248 | 1,825,911 | -2,641,438 | 788,785 | 1,242,541 | 1,930,241 | ||
| overdraft | |||||||||||
| change in cash | -971,845 | 615,973 | -2,319,973 | 696,248 | 1,825,911 | -2,641,438 | 788,785 | 1,242,541 | 1,930,241 |
ldf finance no. 2 limited Credit Report and Business Information
Ldf Finance No. 2 Limited Competitor Analysis
Perform a competitor analysis for ldf finance no. 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CH1 area or any other competitors across 12 key performance metrics.
ldf finance no. 2 limited Ownership
LDF FINANCE NO. 2 LIMITED group structure
Ldf Finance No. 2 Limited has no subsidiary companies.
Ultimate parent company
WHITE OAK EUROPE (CAYMAN) LTD
#0112077
2 parents
LDF FINANCE NO. 2 LIMITED
08822802
ldf finance no. 2 limited directors
Ldf Finance No. 2 Limited currently has 5 directors. The longest serving directors include Mr Thomas Davies (Dec 2013) and Mr Thomas Otte (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Davies | England | 53 years | Dec 2013 | - | Director |
| Mr Thomas Otte | United States | 69 years | Mar 2022 | - | Director |
| Mr Thomas Otte | United States | 69 years | Mar 2022 | - | Director |
| Mr Kevin Berry | England | 33 years | Mar 2022 | - | Director |
| Mr Douglas Banks | England | 56 years | Apr 2022 | - | Director |
P&L
December 2023turnover
569.9k
-86%
operating profit
459.1k
-83%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
483.4k
-0.85%
total assets
12.4m
-0.55%
cash
1.2m
-0.45%
net assets
Total assets minus all liabilities
Similar Companies
ldf finance no. 2 limited company details
company number
08822802
Type
Private limited with Share Capital
industry
64910 - Financial leasing
incorporation date
December 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
DELOITTE LLP
auditor
-
address
second floor, hq offices, 58 nicholas street, chester, CH1 2NP
Bank
HSBC BANK PLC
Legal Advisor
-
ldf finance no. 2 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 ldf finance no. 2 limited.
ldf finance no. 2 limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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ldf finance no. 2 limited Companies House Filings - See Documents
| date | description | view/download |
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