Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
empire works oldham road, failsworth, manchester, lancs, M35 9AB
Website
-
local lockups ltdEstimated Valuation
£719.3k
Pomanda estimates the enterprise value of LOCAL LOCKUPS LTD at £719.3k based on a Turnover of £311.3k and 2.31x industry multiple (adjusted for size and gross margin).
local lockups ltdEstimated Valuation
£173.5k
Pomanda estimates the enterprise value of LOCAL LOCKUPS LTD at £173.5k based on an EBITDA of £38.6k and a 4.5x industry multiple (adjusted for size and gross margin).
local lockups ltdEstimated Valuation
£347.9k
Pomanda estimates the enterprise value of LOCAL LOCKUPS LTD at £347.9k based on Net Assets of £206.7k and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Local Lockups LtdOverview
Local Lockups Ltd is a live company located in manchester, M35 9AB with a Companies House number of 09299025. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2014, it's largest shareholder is
ian thomas mcdonald
with a 35% stake. Local Lockups Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£311.3k with
declining
growth in recent years.
Pomanda's financial health check has awarded Local Lockups Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
2 Regular
6 Weak
Size
annual sales of £311.3k, make it smaller than the average company (£845k)
£311.3k - Local Lockups Ltd
£845k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (2.9%)
-10% - Local Lockups Ltd
2.9% - Industry AVG
Production
with a gross margin of 30.5%, this company has a higher cost of product (73.1%)
30.5% - Local Lockups Ltd
73.1% - Industry AVG
Profitability
an operating margin of 12.4% make it less profitable than the average company (27.1%)
12.4% - Local Lockups Ltd
27.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Local Lockups Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
£32.2k - Local Lockups Ltd
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £311.3k, this is more efficient (£179.7k)
£311.3k - Local Lockups Ltd
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (32 days)
98 days - Local Lockups Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (35 days)
111 days - Local Lockups Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Local Lockups Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Local Lockups Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.3%, this is a similar level of debt than the average (67.9%)
61.3% - Local Lockups Ltd
67.9% - Industry AVG
LOCAL LOCKUPS LTD financials
EXPORT
Local Lockups Ltd's latest turnover from November 2023 is estimated at £311.3 thousand and the company has net assets of £206.7 thousand. According to their latest financial statements, we estimate that Local Lockups Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Turnover
311,281
233,572
132,291
422,383
189,426
34,073
278,310
289,170
105,179
Other Income Or Grants
Cost Of Sales
216,202
166,188
96,139
300,841
133,587
24,007
189,133
193,394
74,286
Gross Profit
95,079
67,384
36,152
121,543
55,840
10,066
89,176
95,776
30,892
Admin Expenses
56,516
27,530
-5,775
82,276
17,829
-7,540
83,575
71,022
17,932
Operating Profit
38,563
39,854
41,927
39,267
38,011
17,606
5,601
24,754
12,960
Interest Payable
Interest Receivable
2
4
5
Pre-Tax Profit
38,563
39,854
41,927
39,267
38,011
17,606
5,602
24,758
12,965
Tax
-9,641
-7,572
-7,966
-7,461
-7,222
-3,345
-1,064
-4,951
-2,593
Profit After Tax
28,922
32,282
33,961
31,806
30,789
14,261
4,538
19,806
10,372
Dividends Paid
Retained Profit
28,922
32,282
33,961
31,806
30,789
14,261
4,538
19,806
10,372
Employee Costs
32,201
30,787
28,485
54,917
28,304
26,826
25,679
26,216
26,381
Number Of Employees
1
1
1
2
1
1
1
1
1
EBITDA*
38,563
39,854
41,927
39,267
38,011
17,606
5,601
24,754
12,960
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Tangible Assets
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
450,000
Stock & work in progress
Trade Debtors
83,640
60,248
34,357
101,891
39,847
5,181
68,899
66,068
23,723
Group Debtors
Misc Debtors
Cash
782
2,150
misc current assets
total current assets
83,640
60,248
34,357
101,891
39,847
5,181
68,899
66,850
25,873
total assets
533,640
510,248
484,357
551,891
489,847
455,181
518,899
516,850
475,873
Bank overdraft
Bank loan
Trade Creditors
65,903
65,433
65,824
90,319
60,081
46,134
32,563
36,572
15,401
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
65,903
65,433
65,824
90,319
60,081
46,134
32,563
36,572
15,401
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
261,000
267,000
273,000
350,000
350,000
360,070
451,620
450,000
450,000
provisions
total long term liabilities
261,000
267,000
273,000
350,000
350,000
360,070
451,620
450,000
450,000
total liabilities
326,903
332,433
338,824
440,319
410,081
406,204
484,183
486,572
465,401
net assets
206,737
177,815
145,533
111,572
79,766
48,977
34,716
30,278
10,472
total shareholders funds
206,737
177,815
145,533
111,572
79,766
48,977
34,716
30,278
10,472
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Operating Activities
Operating Profit
38,563
39,854
41,927
39,267
38,011
17,606
5,601
24,754
12,960
Depreciation
Amortisation
Tax
-9,641
-7,572
-7,966
-7,461
-7,222
-3,345
-1,064
-4,951
-2,593
Stock
Debtors
23,392
25,891
-67,534
62,044
34,666
-63,718
2,831
42,345
23,723
Creditors
470
-391
-24,495
30,238
13,947
13,571
-4,009
21,171
15,401
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
6,000
6,000
77,000
10,070
91,550
-2,303
-1,371
2,045
Investing Activities
capital expenditure
-450,000
Change in Investments
cash flow from investments
-450,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-6,000
-6,000
-77,000
-10,070
-91,550
1,620
450,000
share issue
-100
100
interest
2
4
5
cash flow from financing
-6,000
-6,000
-77,000
-10,070
-91,550
1,522
4
450,105
cash and cash equivalents
cash
-782
-1,368
2,150
overdraft
change in cash
-782
-1,368
2,150
local lockups ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for local lockups ltd. Get real-time insights into local lockups ltd's credit score, group structure and payment trends.
Perform a competitor analysis for local lockups ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in M35 area or any other competitors across 12 key performance metrics.
local lockups ltd Ownership
LOCAL LOCKUPS LTD group structure
Local Lockups Ltd has no subsidiary companies.
Ultimate parent company
LOCAL LOCKUPS LTD
09299025
LOCAL LOCKUPS LTD Shareholders
The largest shareholders in Local Lockups Ltd include Ian Thomas Mcdonald and Gillian Mcdonald.
ian thomas mcdonald
35%
gillian mcdonald
35%
claire mcdonald
10%
grant mcdonald
10%
jack mcdonald
10%
local lockups ltd directors
Local Lockups Ltd currently has 1 director, Mr Ian McDonald serving since Nov 2014.
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
November 2023
previous names
northern lockups ltd (November 2014)
accountant
-
auditor
-
address
empire works oldham road, failsworth, manchester, lancs, M35 9AB
Bank
-
Legal Advisor
-
local lockups 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 local lockups ltd.
local lockups 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.
Click to start generating capital raising & share issue transactions for LOCAL LOCKUPS LTD. This can take several minutes, an email will notify you when this has completed.
local lockups ltdCompanies House Filings - See Documents
