new lm ltd
new lm ltd Company Information
Company Number
09294328
Next Accounts
1564 days late
Directors
Shareholders
london union plc
Group Structure
View All
Industry
Public houses and bars
Registered Address
22 york buildings, london, WC2N 6JU
Website
-new lm ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW LM LTD at £9.1m based on a Turnover of £11.8m and 0.77x industry multiple (adjusted for size and gross margin).
new lm ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW LM LTD at £8.2m based on an EBITDA of £1.5m and a 5.41x industry multiple (adjusted for size and gross margin).
new lm ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW LM LTD at £946.4k based on Net Assets of £491.4k and 1.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
New Lm Ltd Overview
New Lm Ltd is a live company located in london, WC2N 6JU with a Companies House number of 09294328. It operates in the public houses and bars sector, SIC Code 56302. Founded in November 2014, it's largest shareholder is london union plc with a 100% stake. New Lm Ltd is a established, mid sized company, Pomanda has estimated its turnover at £11.8m with rapid growth in recent years.
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New Lm Ltd Health Check
Pomanda's financial health check has awarded New Lm Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £11.8m, make it larger than the average company (£663.1k)
£11.8m - New Lm Ltd
£663.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (4.8%)
36% - New Lm Ltd
4.8% - Industry AVG
Production
with a gross margin of 59.8%, this company has a comparable cost of product (58.4%)
59.8% - New Lm Ltd
58.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (4.4%)
2.3% - New Lm Ltd
4.4% - Industry AVG
Employees
with 116 employees, this is above the industry average (27)
116 - New Lm Ltd
27 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£16.6k)
£18.4k - New Lm Ltd
£16.6k - Industry AVG
Efficiency
resulting in sales per employee of £101.6k, this is more efficient (£54k)
£101.6k - New Lm Ltd
£54k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is later than average (7 days)
12 days - New Lm Ltd
7 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (49 days)
104 days - New Lm Ltd
49 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (16 days)
13 days - New Lm Ltd
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (12 weeks)
5 weeks - New Lm Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.2%, this is a higher level of debt than the average (80.2%)
89.2% - New Lm Ltd
80.2% - Industry AVG
NEW LM LTD financials
New Lm Ltd's latest turnover from December 2018 is £11.8 million and the company has net assets of £491.4 thousand. According to their latest financial statements, New Lm Ltd has 116 employees and maintains cash reserves of £381.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|
| Turnover | 11,789,468 | 11,363,261 | 8,577,000 | 4,732,000 |
| Other Income Or Grants | ||||
| Cost Of Sales | 4,744,758 | 5,811,854 | 3,592,000 | 2,193,000 |
| Gross Profit | 7,044,710 | 5,551,407 | 4,985,000 | 2,539,000 |
| Admin Expenses | 6,774,625 | 5,535,300 | ||
| Operating Profit | 270,085 | 16,107 | ||
| Interest Payable | 68,197 | 44,361 | ||
| Interest Receivable | ||||
| Pre-Tax Profit | 201,888 | -28,254 | 69,000 | 249,000 |
| Tax | ||||
| Profit After Tax | 201,888 | -28,254 | 69,000 | 249,000 |
| Dividends Paid | ||||
| Retained Profit | 201,888 | -28,254 | 69,000 | 249,000 |
| Employee Costs | 2,131,896 | 2,440,788 | ||
| Number Of Employees | 116 | 128 | 128 | 99 |
| EBITDA* | 1,514,994 | 896,379 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|
| Tangible Assets | 3,029,020 | 3,137,122 | 1,834,000 | 1,539,000 |
| Intangible Assets | 33,551 | |||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 3,062,571 | 3,137,122 | 1,834,000 | 1,539,000 |
| Stock & work in progress | 172,382 | 165,438 | 97,000 | 66,000 |
| Trade Debtors | 393,396 | 261,929 | 106,000 | 80,000 |
| Group Debtors | ||||
| Misc Debtors | 523,877 | 818,053 | 273,000 | 93,000 |
| Cash | 381,935 | 667,689 | 158,000 | 157,000 |
| misc current assets | ||||
| total current assets | 1,471,590 | 1,913,109 | 634,000 | 396,000 |
| total assets | 4,534,161 | 5,050,231 | 2,468,000 | 1,935,000 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1,359,199 | 1,060,149 | 659,000 | 242,000 |
| Group/Directors Accounts | 672,986 | 1,600,353 | 652,000 | 664,000 |
| other short term finances | 127,513 | |||
| hp & lease commitments | 268,249 | 206,154 | ||
| other current liabilities | 1,395,452 | 1,656,731 | 679,000 | 483,000 |
| total current liabilities | 3,823,399 | 4,523,387 | 1,990,000 | 1,389,000 |
| loans | 127,368 | |||
| hp & lease commitments | 92,018 | 213,741 | ||
| Accruals and Deferred Income | 23,615 | 160,000 | 297,000 | |
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 219,386 | 237,356 | 160,000 | 297,000 |
| total liabilities | 4,042,785 | 4,760,743 | 2,150,000 | 1,686,000 |
| net assets | 491,376 | 289,488 | 318,000 | 249,000 |
| total shareholders funds | 491,376 | 289,488 | 318,000 | 249,000 |
| Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 270,085 | 16,107 | ||
| Depreciation | 1,241,008 | 880,272 | 674,000 | 177,000 |
| Amortisation | 3,901 | |||
| Tax | ||||
| Stock | 6,944 | 165,438 | 97,000 | 66,000 |
| Debtors | -162,709 | 1,079,982 | 379,000 | 173,000 |
| Creditors | 299,050 | 1,060,149 | 659,000 | 242,000 |
| Accruals and Deferred Income | -284,894 | 1,680,346 | 839,000 | 780,000 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | 1,684,915 | 2,391,454 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | -927,367 | 1,600,353 | 652,000 | 664,000 |
| Other Short Term Loans | 127,513 | |||
| Long term loans | 127,368 | |||
| Hire Purchase and Lease Commitments | -59,628 | 419,895 | ||
| other long term liabilities | ||||
| share issue | ||||
| interest | -68,197 | -44,361 | ||
| cash flow from financing | -800,311 | 2,293,629 | 901,000 | 664,000 |
| cash and cash equivalents | ||||
| cash | -285,754 | 667,689 | 158,000 | 157,000 |
| overdraft | ||||
| change in cash | -285,754 | 667,689 | 158,000 | 157,000 |
new lm ltd Credit Report and Business Information
New Lm Ltd Competitor Analysis
Perform a competitor analysis for new lm ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in WC2N area or any other competitors across 12 key performance metrics.
new lm ltd Ownership
NEW LM LTD group structure
New Lm Ltd has no subsidiary companies.
new lm ltd directors
New Lm Ltd currently has 1 director, Mr Jonathan Downey serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Downey | England | 59 years | Oct 2017 | - | Director |
P&L
December 2018turnover
11.8m
+4%
operating profit
270.1k
+1577%
gross margin
59.8%
+22.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
491.4k
+0.7%
total assets
4.5m
-0.1%
cash
381.9k
-0.43%
net assets
Total assets minus all liabilities
new lm ltd company details
company number
09294328
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2018
previous names
new london markets ltd (March 2020)
london general market company ltd (March 2015)
accountant
-
auditor
UHY HACKER YOUNG
address
22 york buildings, london, WC2N 6JU
Bank
-
Legal Advisor
-
new lm ltd 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 new lm ltd.
new lm ltd 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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new lm ltd Companies House Filings - See Documents
| date | description | view/download |
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