locke & locke ltd
locke & locke ltd Company Information
Company Number
09962200
Next Accounts
Oct 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Directors
Shareholders
ben locke
Group Structure
View All
Contact
Registered Address
unit 9 cedars business park, avon road, cannock, WS11 1QJ
Website
-locke & locke ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCKE & LOCKE LTD at £346.9k based on a Turnover of £100.7k and 3.44x industry multiple (adjusted for size and gross margin).
locke & locke ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCKE & LOCKE LTD at £2.6m based on an EBITDA of £368.1k and a 7.1x industry multiple (adjusted for size and gross margin).
locke & locke ltd Estimated Valuation
Pomanda estimates the enterprise value of LOCKE & LOCKE LTD at £3.8m based on Net Assets of £2.2m and 1.74x industry multiple (adjusted for liquidity).
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Locke & Locke Ltd Overview
Locke & Locke Ltd is a live company located in cannock, WS11 1QJ with a Companies House number of 09962200. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2016, it's largest shareholder is ben locke with a 100% stake. Locke & Locke Ltd is a young, micro sized company, Pomanda has estimated its turnover at £100.7k with declining growth in recent years.
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Locke & Locke Ltd Health Check
Pomanda's financial health check has awarded Locke & Locke Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £100.7k, make it smaller than the average company (£949.7k)
- Locke & Locke Ltd
£949.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -63%, show it is growing at a slower rate (4.7%)
- Locke & Locke Ltd
4.7% - Industry AVG
Production
with a gross margin of 73.2%, this company has a comparable cost of product (73.2%)
- Locke & Locke Ltd
73.2% - Industry AVG
Profitability
an operating margin of 365.5% make it more profitable than the average company (26.4%)
- Locke & Locke Ltd
26.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Locke & Locke Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
- Locke & Locke Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £100.7k, this is less efficient (£182.7k)
- Locke & Locke Ltd
£182.7k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is near the average (32 days)
- Locke & Locke Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (38 days)
- Locke & Locke Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Locke & Locke Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Locke & Locke Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.9%, this is a similar level of debt than the average (67.5%)
66.9% - Locke & Locke Ltd
67.5% - Industry AVG
LOCKE & LOCKE LTD financials
Locke & Locke Ltd's latest turnover from January 2024 is estimated at £100.7 thousand and the company has net assets of £2.2 million. According to their latest financial statements, Locke & Locke Ltd has 1 employee and maintains cash reserves of £9.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 1 | 1 | 1 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 5,530,000 | 3,218,000 | 3,054,000 | 1,861,000 | 1,397,145 | 882,145 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 6,659,167 | 6,320,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,659,167 | 6,320,000 | 5,530,000 | 3,218,000 | 3,054,000 | 1,861,000 | 1,397,145 | 882,145 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,532 | 1,526 | 36,461 | 131,108 | 7,375 | 2,181 | 625 | 6,368 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 9,744 | 164,235 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,276 | 165,761 | 36,461 | 131,108 | 7,375 | 2,181 | 625 | 6,368 |
| total assets | 6,677,443 | 6,485,761 | 5,566,461 | 3,349,108 | 3,061,375 | 1,863,181 | 1,397,770 | 888,513 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,171 | 23 | 2,441,516 | 1,536,883 | 1,774,360 | 1,227,767 | 1,173,088 | 887,915 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 2,790,036 | 2,729,463 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,802,207 | 2,739,486 | 2,441,516 | 1,536,883 | 1,774,360 | 1,227,767 | 1,173,088 | 887,915 |
| loans | 1,665,482 | 1,674,295 | 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 | 1,684,295 | 1,195,128 | 916,102 | 492,000 | 200,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,665,482 | 1,674,295 | 1,684,295 | 1,195,128 | 916,102 | 492,000 | 200,000 | 0 |
| total liabilities | 4,467,689 | 4,413,781 | 4,125,811 | 2,732,011 | 2,690,462 | 1,719,767 | 1,373,088 | 887,915 |
| net assets | 2,209,754 | 2,071,980 | 1,440,650 | 617,097 | 370,913 | 143,414 | 24,682 | 598 |
| total shareholders funds | 2,209,754 | 2,071,980 | 1,440,650 | 617,097 | 370,913 | 143,414 | 24,682 | 598 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | ||||||
| Amortisation | 0 | 0 | ||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,006 | -34,935 | -94,647 | 123,733 | 5,194 | 1,556 | -5,743 | 6,368 |
| Creditors | 2,148 | -2,441,493 | 904,633 | -237,477 | 546,593 | 54,679 | 285,173 | 887,915 |
| Accruals and Deferred Income | 60,573 | 2,729,463 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 339,167 | 6,320,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -8,813 | 1,674,295 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -1,684,295 | 489,167 | 279,026 | 424,102 | 292,000 | 200,000 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -154,491 | 164,235 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -154,491 | 164,235 | 0 | 0 | 0 | 0 | 0 | 0 |
locke & locke ltd Credit Report and Business Information
Locke & Locke Ltd Competitor Analysis
Perform a competitor analysis for locke & locke ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in WS11 area or any other competitors across 12 key performance metrics.
locke & locke ltd Ownership
LOCKE & LOCKE LTD group structure
Locke & Locke Ltd has no subsidiary companies.
Ultimate parent company
LOCKE & LOCKE LTD
09962200
locke & locke ltd directors
Locke & Locke Ltd currently has 1 director, Mr Ben Locke serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Locke | United Kingdom | 36 years | Jan 2016 | - | Director |
P&L
January 2024turnover
100.7k
+78%
operating profit
368.1k
0%
gross margin
73.2%
+0.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
2.2m
+0.07%
total assets
6.7m
+0.03%
cash
9.7k
-0.94%
net assets
Total assets minus all liabilities
locke & locke ltd company details
company number
09962200
Type
Private limited with Share Capital
industry
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
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
unit 9 cedars business park, avon road, cannock, WS11 1QJ
Bank
-
Legal Advisor
-
locke & locke 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 found 17 charges/mortgages relating to locke & locke ltd. Currently there are 11 open charges and 6 have been satisfied in the past.
locke & locke 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 LOCKE & LOCKE LTD. This can take several minutes, an email will notify you when this has completed.
locke & locke ltd Companies House Filings - See Documents
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