lf (no 2) limited
lf (no 2) limited Company Information
Company Number
09484256
Website
-Registered Address
7 john feeney arcade, post & mail, birmingham, west midlands, B4 6FE
Industry
Development of building projects
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
alan chatham 50%
mark billingham 50%
lf (no 2) limited Estimated Valuation
Pomanda estimates the enterprise value of LF (NO 2) LIMITED at £122.1k based on a Turnover of £234.8k and 0.52x industry multiple (adjusted for size and gross margin).
lf (no 2) limited Estimated Valuation
Pomanda estimates the enterprise value of LF (NO 2) LIMITED at £0 based on an EBITDA of £-3.4k and a 3.89x industry multiple (adjusted for size and gross margin).
lf (no 2) limited Estimated Valuation
Pomanda estimates the enterprise value of LF (NO 2) LIMITED at £0 based on Net Assets of £-3.6k and 1.34x industry multiple (adjusted for liquidity).
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Lf (no 2) Limited Overview
Lf (no 2) Limited is a live company located in birmingham, B4 6FE with a Companies House number of 09484256. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2015, it's largest shareholder is alan chatham with a 50% stake. Lf (no 2) Limited is a young, micro sized company, Pomanda has estimated its turnover at £234.8k with declining growth in recent years.
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Lf (no 2) Limited Health Check
Pomanda's financial health check has awarded Lf (No 2) Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £234.8k, make it smaller than the average company (£1.9m)
- Lf (no 2) Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -55%, show it is growing at a slower rate (1.8%)
- Lf (no 2) Limited
1.8% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
- Lf (no 2) Limited
25.2% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (8.6%)
- Lf (no 2) Limited
8.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Lf (no 2) Limited
5 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£46k)
- Lf (no 2) Limited
£46k - Industry AVG
Efficiency
resulting in sales per employee of £117.4k, this is less efficient (£269.6k)
- Lf (no 2) Limited
£269.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Lf (no 2) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (31 days)
- Lf (no 2) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lf (no 2) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Lf (no 2) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 175.8%, this is a higher level of debt than the average (74.4%)
175.8% - Lf (no 2) Limited
74.4% - Industry AVG
LF (NO 2) LIMITED financials
Lf (No 2) Limited's latest turnover from February 2023 is estimated at £234.8 thousand and the company has net assets of -£3.6 thousand. According to their latest financial statements, Lf (No 2) Limited has 2 employees and maintains cash reserves of £281 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 2,619,335 | 0 | 0 | 0 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 0 | 283,856 | 0 | 0 | 0 | 0 | |
| Gross Profit | 0 | 0 | 2,335,479 | 0 | 0 | 0 | 0 | |
| Admin Expenses | 3,261 | 6,751 | 44,060 | 1,744 | 453 | 10 | 0 | |
| Operating Profit | -3,261 | -6,751 | 2,291,419 | -1,744 | -453 | -10 | 0 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 25 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -3,261 | -6,751 | 2,291,444 | -1,744 | -453 | -10 | 0 | |
| Tax | 0 | 1,282 | -186,840 | 0 | 0 | 0 | 0 | |
| Profit After Tax | -3,261 | -5,469 | 2,104,604 | -1,744 | -453 | -10 | 0 | |
| Dividends Paid | 5,000 | 240,000 | 1,850,000 | 0 | 0 | 0 | 0 | |
| Retained Profit | -8,261 | -245,469 | 254,604 | -1,744 | -453 | -10 | 0 | |
| Employee Costs | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | 2 | 2 | 2 | 2 | 5 | 5 | 5 | 5 |
| EBITDA* | -3,261 | -6,751 | 2,291,419 | -1,744 | -453 | -10 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 244,887 | 110,200 | 51,705 | 35,728 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,432 | 2,282 | 2,282 | 1,018 | 4,859 | 4,874 | 1,000 | 8,146 |
| Cash | 281 | 6,410 | 14,428 | 444,019 | 52,174 | 588 | 2,285 | 50,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,713 | 8,692 | 16,710 | 445,037 | 301,920 | 115,662 | 54,990 | 93,874 |
| total assets | 4,692 | 8,692 | 16,710 | 445,037 | 301,920 | 115,662 | 54,990 | 93,874 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 300,000 | 103,000 | 54,000 | 92,874 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,100 | 9,025 | 8,782 | 191,640 | 3,127 | 12,125 | 0 | 0 |
| total current liabilities | 8,250 | 9,025 | 8,782 | 191,640 | 303,127 | 115,125 | 54,000 | 92,874 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,250 | 9,025 | 8,782 | 191,640 | 303,127 | 115,125 | 54,000 | 92,874 |
| net assets | -3,558 | -333 | 7,928 | 253,397 | -1,207 | 537 | 990 | 1,000 |
| total shareholders funds | -3,558 | -333 | 7,928 | 253,397 | -1,207 | 537 | 990 | 1,000 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -3,261 | -6,751 | 2,291,419 | -1,744 | -453 | -10 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 1,282 | -186,840 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | -244,887 | 134,687 | 58,495 | 15,977 | 35,728 |
| Debtors | 150 | 0 | 1,264 | -3,841 | -15 | 3,874 | -7,146 | 8,146 |
| Creditors | 3,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -3,925 | 243 | -182,858 | 188,513 | -8,998 | 12,125 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,018 | -189,591 | 2,541,820 | -145,414 | -50,697 | -8,841 | -43,874 | |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 197,000 | 49,000 | 4,000 | 51,000 | |
| Change in Investments | 1,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 197,000 | 49,000 | 4,000 | 51,000 | |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -300,000 | 197,000 | 49,000 | -38,874 | 92,874 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 25 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | -299,975 | 197,000 | 49,000 | -38,874 | 93,874 | |
| cash and cash equivalents | ||||||||
| cash | -6,129 | -8,018 | -429,591 | 391,845 | 51,586 | -1,697 | -47,715 | 50,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,129 | -8,018 | -429,591 | 391,845 | 51,586 | -1,697 | -47,715 | 50,000 |
lf (no 2) limited Credit Report and Business Information
Lf (no 2) Limited Competitor Analysis
Perform a competitor analysis for lf (no 2) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in B 4 area or any other competitors across 12 key performance metrics.
lf (no 2) limited Ownership
LF (NO 2) LIMITED group structure
Lf (No 2) Limited has 1 subsidiary company.
lf (no 2) limited directors
Lf (No 2) Limited currently has 2 directors. The longest serving directors include Mr Mark Billingham (Mar 2015) and Mr Alan Chatham (Mar 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Billingham | 63 years | Mar 2015 | - | Director | |
| Mr Alan Chatham | United Kingdom | 68 years | Mar 2015 | - | Director |
P&L
February 2023turnover
234.8k
0%
operating profit
-3.4k
0%
gross margin
25.2%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-3.6k
+9.68%
total assets
4.7k
-0.46%
cash
281
-0.96%
net assets
Total assets minus all liabilities
lf (no 2) limited company details
company number
09484256
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2015
age
9
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
February 2023
address
7 john feeney arcade, post & mail, birmingham, west midlands, B4 6FE
accountant
DAINS AUDIT LIMITED
auditor
-
lf (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 lf (no 2) limited.
lf (no 2) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
