lassic limited

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lassic limited Company Information

Share LASSIC LIMITED
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Company Number

09208997

Registered Address

lassic dawson lane, bradford, BD4 6JD

Industry

Wholesale of household goods (other than musical instruments) n.e.c.

 

Telephone

01484530505

Next Accounts Due

July 2024

Group Structure

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Directors

Suresh Handa9 Years

Rajesh Handa9 Years

Shareholders

rajesh handa 50%

suresh handa 50%

lassic limited Estimated Valuation

£11.2m

Pomanda estimates the enterprise value of LASSIC LIMITED at £11.2m based on a Turnover of £29.7m and 0.38x industry multiple (adjusted for size and gross margin).

lassic limited Estimated Valuation

£15.4m

Pomanda estimates the enterprise value of LASSIC LIMITED at £15.4m based on an EBITDA of £2.9m and a 5.31x industry multiple (adjusted for size and gross margin).

lassic limited Estimated Valuation

£31.5m

Pomanda estimates the enterprise value of LASSIC LIMITED at £31.5m based on Net Assets of £13.8m and 2.29x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from October 2022 

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Lassic Limited Overview

Lassic Limited is a live company located in bradford, BD4 6JD with a Companies House number of 09208997. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in September 2014, it's largest shareholder is rajesh handa with a 50% stake. Lassic Limited is a established, large sized company, Pomanda has estimated its turnover at £29.7m with high growth in recent years.

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Lassic Limited Health Check

Pomanda's financial health check has awarded Lassic Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £29.7m, make it larger than the average company (£21.2m)

£29.7m - Lassic Limited

£21.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.3%)

23% - Lassic Limited

4.3% - Industry AVG

production

Production

with a gross margin of 23.2%, this company has a higher cost of product (30%)

23.2% - Lassic Limited

30% - Industry AVG

profitability

Profitability

an operating margin of 9.5% make it more profitable than the average company (5.1%)

9.5% - Lassic Limited

5.1% - Industry AVG

employees

Employees

with 57 employees, this is similar to the industry average (59)

57 - Lassic Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.7k, the company has a lower pay structure (£41.6k)

£22.7k - Lassic Limited

£41.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £521.4k, this is more efficient (£357.8k)

£521.4k - Lassic Limited

£357.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (53 days)

32 days - Lassic Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 6 days, this is quicker than average (34 days)

6 days - Lassic Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 154 days, this is more than average (115 days)

154 days - Lassic Limited

115 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (12 weeks)

35 weeks - Lassic Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.3%, this is a lower level of debt than the average (51.9%)

21.3% - Lassic Limited

51.9% - Industry AVG

lassic limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lassic Limited Competitor Analysis

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lassic limited Ownership

LASSIC LIMITED group structure

Lassic Limited has no subsidiary companies.

Ultimate parent company

LASSIC LIMITED

09208997

LASSIC LIMITED Shareholders

rajesh handa 50%
suresh handa 50%

lassic limited directors

Lassic Limited currently has 2 directors. The longest serving directors include Mr Suresh Handa (Sep 2014) and Mr Rajesh Handa (Sep 2014).

officercountryagestartendrole
Mr Suresh HandaEngland46 years Sep 2014- Director
Mr Rajesh HandaEngland45 years Sep 2014- Director

LASSIC LIMITED financials

EXPORTms excel logo

Lassic Limited's latest turnover from October 2022 is £29.7 million and the company has net assets of £13.8 million. According to their latest financial statements, Lassic Limited has 57 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Turnover29,718,54832,485,45029,593,97715,993,3843,690,1722,463,5021,221,7703,205,334
Other Income Or Grants00000000
Cost Of Sales22,817,71024,770,49723,276,00311,764,2652,549,1241,719,040854,1922,237,195
Gross Profit6,900,8387,714,9536,317,9744,229,1191,141,049744,462367,577968,139
Admin Expenses4,077,4152,299,7151,535,452981,217313,017155,871173,360962,351
Operating Profit2,823,4235,415,2384,782,5223,247,902828,032588,591194,2175,788
Interest Payable389,957145,898124,176160,67954,11319,66310,7440
Interest Receivable0059,0750261811
Pre-Tax Profit2,445,3785,269,3404,717,4213,087,223774,180568,936183,4745,789
Tax-475,049-1,001,611-1,126,230-369,589-147,094-108,098-36,695-1,158
Profit After Tax1,970,3294,267,7293,591,1912,717,634627,086460,838146,7794,631
Dividends Paid00000000
Retained Profit1,970,3294,267,7293,591,1912,717,634627,086460,838146,7794,631
Employee Costs1,291,771885,461645,842280,76174,30173,30371,995380,975
Number Of Employees5746362022211
EBITDA*2,891,4475,471,1914,845,0993,283,912867,412588,701194,3635,983

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Tangible Assets352,217185,219194,317116,263128,019328438584
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets352,217185,219194,317116,263128,019328438584
Stock & work in progress9,659,5147,415,3676,457,1055,439,7131,471,3161,550,00000
Trade Debtors2,633,2321,630,6532,383,3051,484,488935,814514,653318,877458,775
Group Debtors1,614,144542,0422,484,182344,152471,6890343,8990
Misc Debtors781,207666,949682,476182,275235,780127,884137,4240
Cash2,481,4705,085,232408,218257,84163,7465,807200200
misc current assets00000000
total current assets17,169,56715,340,24312,415,2867,708,4693,178,3452,198,344800,400458,975
total assets17,521,78415,525,46212,609,6037,824,7323,306,3642,198,672800,838459,559
Bank overdraft00001,317,931285,419343,7940
Bank loan906,579405,2512,855,6652,952,8560000
Trade Creditors 392,460339,603352,729217,210267,973114,94343,699454,611
Group/Directors Accounts128,354170,795181,982195,531206,118988,179212,9620
other short term finances00000000
hp & lease commitments011,99215,4653,3450000
other current liabilities2,230,7012,743,1981,604,087467,107253,614197,68348,6850
total current liabilities3,658,0943,670,8395,009,9283,836,0492,045,6361,586,224649,140454,611
loans00000000
hp & lease commitments05,91716,58611,9280000
Accruals and Deferred Income00000000
other liabilities00000000
provisions77,27332,61834,73019,58721,194088117
total long term liabilities77,27338,53551,31631,51521,194088117
total liabilities3,735,3673,709,3745,061,2443,867,5642,066,8301,586,224649,228454,728
net assets13,786,41711,816,0887,548,3593,957,1681,239,534612,448151,6104,831
total shareholders funds13,786,41711,816,0887,548,3593,957,1681,239,534612,448151,6104,831
Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Operating Activities
Operating Profit2,823,4235,415,2384,782,5223,247,902828,032588,591194,2175,788
Depreciation68,02455,95362,57736,01039,380110146195
Amortisation00000000
Tax-475,049-1,001,611-1,126,230-369,589-147,094-108,098-36,695-1,158
Stock2,244,147958,2621,017,3923,968,397-78,6841,550,00000
Debtors2,188,939-2,710,3193,539,048367,6321,000,746-157,663341,425458,775
Creditors52,857-13,126135,519-50,763153,03071,244-410,912454,611
Accruals and Deferred Income-512,4971,139,1111,136,980213,49355,931148,99848,6850
Deferred Taxes & Provisions44,655-2,11215,143-1,60721,194-88-29117
Cash flow from operations-2,431,6737,345,510450,071-1,260,58328,411-691,580-546,013778
Investing Activities
capital expenditure0000-167,07100-779
Change in Investments00000000
cash flow from investments0000-167,07100-779
Financing Activities
Bank loans501,328-2,450,414-97,1912,952,8560000
Group/Directors Accounts-42,441-11,187-13,549-10,587-782,061775,217212,9620
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments-17,909-14,14216,77815,2730000
other long term liabilities00000000
share issue0000000200
interest-389,957-145,898-65,101-160,679-53,852-19,655-10,7431
cash flow from financing51,021-2,621,641-159,0632,796,863-835,913755,562202,219201
cash and cash equivalents
cash-2,603,7624,677,014150,377194,09557,9395,6070200
overdraft000-1,317,9311,032,512-58,375343,7940
change in cash-2,603,7624,677,014150,3771,512,026-974,57363,982-343,794200

P&L

October 2022

turnover

29.7m

-9%

operating profit

2.8m

-48%

gross margin

23.3%

-2.22%

turnover

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

Balance Sheet

October 2022

net assets

13.8m

+0.17%

total assets

17.5m

+0.13%

cash

2.5m

-0.51%

net assets

Total assets minus all liabilities

lassic limited company details

company number

09208997

Type

Private limited with Share Capital

industry

46499 - Wholesale of household goods (other than musical instruments) n.e.c.

incorporation date

September 2014

age

10

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

lassic dawson lane, bradford, BD4 6JD

last accounts submitted

October 2022

lassic 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 5 charges/mortgages relating to lassic limited. Currently there are 5 open charges and 0 have been satisfied in the past.

charges

lassic limited Companies House Filings - See Documents

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