lassic limited Company Information
Company Number
09208997
Website
www.lassic.co.ukRegistered 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
View All
Shareholders
rajesh handa 50%
suresh handa 50%
lassic limited Estimated Valuation
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
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
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).
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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
8 Strong
1 Regular
3 Weak
Size
annual sales of £29.7m, make it larger than the average company (£21.2m)
£29.7m - Lassic Limited
£21.2m - Industry AVG
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
with a gross margin of 23.2%, this company has a higher cost of product (30%)
23.2% - Lassic Limited
30% - Industry AVG
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
with 57 employees, this is similar to the industry average (59)
57 - Lassic Limited
59 - Industry AVG
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
resulting in sales per employee of £521.4k, this is more efficient (£357.8k)
£521.4k - Lassic Limited
£357.8k - Industry AVG
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
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (34 days)
6 days - Lassic Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 154 days, this is more than average (115 days)
154 days - Lassic Limited
115 days - Industry AVG
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
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
Lassic Limited Competitor Analysis
Perform a competitor analysis for lassic limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lassic limited Ownership
LASSIC LIMITED group structure
Lassic Limited has no subsidiary companies.
Ultimate parent company
LASSIC LIMITED
09208997
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Suresh Handa | England | 46 years | Sep 2014 | - | Director |
Mr Rajesh Handa | England | 45 years | Sep 2014 | - | Director |
LASSIC LIMITED financials
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 House, Pomanda Estimates
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
---|---|---|---|---|---|---|---|---|
Turnover | 29,718,548 | 32,485,450 | 29,593,977 | 15,993,384 | ||||
Other Income Or Grants | 0 | 0 | 0 | 0 | ||||
Cost Of Sales | 22,817,710 | 24,770,497 | 23,276,003 | 11,764,265 | ||||
Gross Profit | 6,900,838 | 7,714,953 | 6,317,974 | 4,229,119 | ||||
Admin Expenses | 4,077,415 | 2,299,715 | 1,535,452 | 981,217 | ||||
Operating Profit | 2,823,423 | 5,415,238 | 4,782,522 | 3,247,902 | ||||
Interest Payable | 389,957 | 145,898 | 124,176 | 160,679 | ||||
Interest Receivable | 0 | 0 | 59,075 | 0 | ||||
Pre-Tax Profit | 2,445,378 | 5,269,340 | 4,717,421 | 3,087,223 | ||||
Tax | -475,049 | -1,001,611 | -1,126,230 | -369,589 | ||||
Profit After Tax | 1,970,329 | 4,267,729 | 3,591,191 | 2,717,634 | ||||
Dividends Paid | 0 | 0 | 0 | 0 | ||||
Retained Profit | 1,970,329 | 4,267,729 | 3,591,191 | 2,717,634 | ||||
Employee Costs | 1,291,771 | 885,461 | 645,842 | 280,761 | ||||
Number Of Employees | 57 | 46 | 36 | 20 | 2 | 2 | 2 | |
EBITDA* | 2,891,447 | 5,471,191 | 4,845,099 | 3,283,912 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 352,217 | 185,219 | 194,317 | 116,263 | 128,019 | 328 | 438 | 584 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 352,217 | 185,219 | 194,317 | 116,263 | 128,019 | 328 | 438 | 584 |
Stock & work in progress | 9,659,514 | 7,415,367 | 6,457,105 | 5,439,713 | 1,471,316 | 1,550,000 | 0 | 0 |
Trade Debtors | 2,633,232 | 1,630,653 | 2,383,305 | 1,484,488 | 935,814 | 514,653 | 318,877 | 458,775 |
Group Debtors | 1,614,144 | 542,042 | 2,484,182 | 344,152 | 471,689 | 0 | 343,899 | 0 |
Misc Debtors | 781,207 | 666,949 | 682,476 | 182,275 | 235,780 | 127,884 | 137,424 | 0 |
Cash | 2,481,470 | 5,085,232 | 408,218 | 257,841 | 63,746 | 5,807 | 200 | 200 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 17,169,567 | 15,340,243 | 12,415,286 | 7,708,469 | 3,178,345 | 2,198,344 | 800,400 | 458,975 |
total assets | 17,521,784 | 15,525,462 | 12,609,603 | 7,824,732 | 3,306,364 | 2,198,672 | 800,838 | 459,559 |
Bank overdraft | 0 | 0 | 0 | 0 | 1,317,931 | 285,419 | 343,794 | 0 |
Bank loan | 906,579 | 405,251 | 2,855,665 | 2,952,856 | 0 | 0 | 0 | 0 |
Trade Creditors | 392,460 | 339,603 | 352,729 | 217,210 | 267,973 | 114,943 | 43,699 | 454,611 |
Group/Directors Accounts | 128,354 | 170,795 | 181,982 | 195,531 | 206,118 | 988,179 | 212,962 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 11,992 | 15,465 | 3,345 | 0 | 0 | 0 | 0 |
other current liabilities | 2,230,701 | 2,743,198 | 1,604,087 | 467,107 | 253,614 | 197,683 | 48,685 | 0 |
total current liabilities | 3,658,094 | 3,670,839 | 5,009,928 | 3,836,049 | 2,045,636 | 1,586,224 | 649,140 | 454,611 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 5,917 | 16,586 | 11,928 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 77,273 | 32,618 | 34,730 | 19,587 | 21,194 | 0 | 88 | 117 |
total long term liabilities | 77,273 | 38,535 | 51,316 | 31,515 | 21,194 | 0 | 88 | 117 |
total liabilities | 3,735,367 | 3,709,374 | 5,061,244 | 3,867,564 | 2,066,830 | 1,586,224 | 649,228 | 454,728 |
net assets | 13,786,417 | 11,816,088 | 7,548,359 | 3,957,168 | 1,239,534 | 612,448 | 151,610 | 4,831 |
total shareholders funds | 13,786,417 | 11,816,088 | 7,548,359 | 3,957,168 | 1,239,534 | 612,448 | 151,610 | 4,831 |
Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | 2,823,423 | 5,415,238 | 4,782,522 | 3,247,902 | ||||
Depreciation | 68,024 | 55,953 | 62,577 | 36,010 | 39,380 | 110 | 146 | 195 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -475,049 | -1,001,611 | -1,126,230 | -369,589 | ||||
Stock | 2,244,147 | 958,262 | 1,017,392 | 3,968,397 | -78,684 | 1,550,000 | 0 | 0 |
Debtors | 2,188,939 | -2,710,319 | 3,539,048 | 367,632 | 1,000,746 | -157,663 | 341,425 | 458,775 |
Creditors | 52,857 | -13,126 | 135,519 | -50,763 | 153,030 | 71,244 | -410,912 | 454,611 |
Accruals and Deferred Income | -512,497 | 1,139,111 | 1,136,980 | 213,493 | 55,931 | 148,998 | 48,685 | 0 |
Deferred Taxes & Provisions | 44,655 | -2,112 | 15,143 | -1,607 | 21,194 | -88 | -29 | 117 |
Cash flow from operations | -2,431,673 | 7,345,510 | 450,071 | -1,260,583 | ||||
Investing Activities | ||||||||
capital expenditure | 0 | 0 | 0 | 0 | ||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | ||||
Financing Activities | ||||||||
Bank loans | 501,328 | -2,450,414 | -97,191 | 2,952,856 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -42,441 | -11,187 | -13,549 | -10,587 | -782,061 | 775,217 | 212,962 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -17,909 | -14,142 | 16,778 | 15,273 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||
interest | -389,957 | -145,898 | -65,101 | -160,679 | ||||
cash flow from financing | 51,021 | -2,621,641 | -159,063 | 2,796,863 | ||||
cash and cash equivalents | ||||||||
cash | -2,603,762 | 4,677,014 | 150,377 | 194,095 | 57,939 | 5,607 | 0 | 200 |
overdraft | 0 | 0 | 0 | -1,317,931 | 1,032,512 | -58,375 | 343,794 | 0 |
change in cash | -2,603,762 | 4,677,014 | 150,377 | 1,512,026 | -974,573 | 63,982 | -343,794 | 200 |
P&L
October 2022turnover
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 2022net 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
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.
lassic limited Companies House Filings - See Documents
date | description | view/download |
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