latus group (uk) ltd
latus group (uk) ltd Company Information
Company Number
09990325
Next Accounts
28 days late
Industry
Other human health activities
Shareholders
latus group bidco ltd
Group Structure
View All
Contact
Registered Address
hull sports centre, chanterlands avenue, hull, east yorkshire, HU5 4EF
Website
www.elas.uk.comlatus group (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of LATUS GROUP (UK) LTD at £4.3m based on a Turnover of £6.6m and 0.64x industry multiple (adjusted for size and gross margin).
latus group (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of LATUS GROUP (UK) LTD at £0 based on an EBITDA of £-846.1k and a 4.9x industry multiple (adjusted for size and gross margin).
latus group (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of LATUS GROUP (UK) LTD at £0 based on Net Assets of £-1.3m and 2.49x industry multiple (adjusted for liquidity).
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Latus Group (uk) Ltd Overview
Latus Group (uk) Ltd is a live company located in hull, HU5 4EF with a Companies House number of 09990325. It operates in the other human health activities sector, SIC Code 86900. Founded in February 2016, it's largest shareholder is latus group bidco ltd with a 100% stake. Latus Group (uk) Ltd is a young, mid sized company, Pomanda has estimated its turnover at £6.6m with high growth in recent years.
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Latus Group (uk) Ltd Health Check
Pomanda's financial health check has awarded Latus Group (Uk) Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £6.6m, make it larger than the average company (£708.9k)
- Latus Group (uk) Ltd
£708.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.4%)
- Latus Group (uk) Ltd
5.4% - Industry AVG
Production
with a gross margin of 37.4%, this company has a comparable cost of product (37.4%)
- Latus Group (uk) Ltd
37.4% - Industry AVG
Profitability
an operating margin of -19.9% make it less profitable than the average company (6.1%)
- Latus Group (uk) Ltd
6.1% - Industry AVG
Employees
with 82 employees, this is above the industry average (19)
82 - Latus Group (uk) Ltd
19 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)
- Latus Group (uk) Ltd
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £80.9k, this is more efficient (£44.5k)
- Latus Group (uk) Ltd
£44.5k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is later than average (23 days)
- Latus Group (uk) Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is slower than average (19 days)
- Latus Group (uk) Ltd
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Latus Group (uk) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (135 weeks)
5 weeks - Latus Group (uk) Ltd
135 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 147.4%, this is a higher level of debt than the average (23%)
147.4% - Latus Group (uk) Ltd
23% - Industry AVG
LATUS GROUP (UK) LTD financials
Latus Group (Uk) Ltd's latest turnover from March 2023 is estimated at £6.6 million and the company has net assets of -£1.3 million. According to their latest financial statements, Latus Group (Uk) Ltd has 82 employees and maintains cash reserves of £409.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,590,059 | 2,014,384 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 1,904,765 | 2,170,007 | |||||
| Gross Profit | -314,706 | -155,623 | |||||
| Admin Expenses | 395,703 | 367,504 | |||||
| Operating Profit | -710,409 | -523,127 | |||||
| Interest Payable | 16,016 | 0 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | -726,425 | -523,127 | |||||
| Tax | -134,800 | -9,989 | |||||
| Profit After Tax | -861,225 | -533,116 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | -861,225 | -533,116 | |||||
| Employee Costs | |||||||
| Number Of Employees | 82 | 66 | 68 | 59 | |||
| EBITDA* | -447,273 | -340,816 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 646,476 | 429,122 | 650,835 | 612,883 | 452,419 | 143,326 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 10,500 | 0 |
| Investments & Other | 0 | 0 | 238 | 238 | 238 | 238 | 0 |
| Debtors (Due After 1 year) | 560,726 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,207,202 | 429,122 | 651,073 | 613,121 | 452,657 | 154,064 | 0 |
| Stock & work in progress | 0 | 3,088 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 902,371 | 373,944 | 234,916 | 421,125 | 491,517 | 602,081 | 0 |
| Group Debtors | 0 | 0 | 83,970 | 306,998 | 341,136 | 178,790 | 0 |
| Misc Debtors | 249,554 | 25,600 | 136,838 | 36,482 | 37,194 | 51,285 | 0 |
| Cash | 409,489 | 669,221 | 30,676 | 27,011 | 95,508 | 80,397 | 2 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,561,414 | 1,071,853 | 486,400 | 791,616 | 965,355 | 912,553 | 2 |
| total assets | 2,768,616 | 1,500,975 | 1,137,473 | 1,404,737 | 1,418,012 | 1,066,617 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 240,635 | 140,052 | 69,418 | 89,404 | 79,152 | 105,126 | 0 |
| Group/Directors Accounts | 3,333,480 | 1,844,895 | 590,112 | 0 | 175,799 | 202,296 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 15,466 | 129,523 | 189,651 | 190,017 | 104,568 | 42,674 | 0 |
| other current liabilities | 348,646 | 498,859 | 382,262 | 636,930 | 384,592 | 366,492 | 0 |
| total current liabilities | 3,938,227 | 2,613,329 | 1,231,443 | 916,351 | 744,111 | 716,588 | 0 |
| loans | 0 | 0 | 127,599 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 169,868 | 169,927 | 112,021 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 65,779 | 0 | 0 |
| provisions | 143,495 | 75,995 | 105,555 | 95,038 | 0 | 0 | 0 |
| total long term liabilities | 143,495 | 75,995 | 233,154 | 264,906 | 235,706 | 112,021 | 0 |
| total liabilities | 4,081,722 | 2,689,324 | 1,464,597 | 1,181,257 | 979,817 | 828,609 | 0 |
| net assets | -1,313,106 | -1,188,349 | -327,124 | 223,480 | 438,195 | 238,008 | 2 |
| total shareholders funds | -1,313,106 | -1,188,349 | -327,124 | 223,480 | 438,195 | 238,008 | 2 |
| Mar 2023 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -710,409 | -523,127 | |||||
| Depreciation | 475,941 | 263,136 | 182,311 | 148,071 | 79,458 | 51,439 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 10,500 | 8,500 | 0 |
| Tax | -134,800 | -9,989 | |||||
| Stock | 0 | 3,088 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,712,651 | -365,061 | -308,881 | -105,242 | 37,691 | 832,156 | 0 |
| Creditors | 240,635 | 50,648 | -19,986 | 10,252 | -25,974 | 105,126 | 0 |
| Accruals and Deferred Income | 348,646 | -138,071 | -254,668 | 252,338 | 18,100 | 366,492 | 0 |
| Deferred Taxes & Provisions | 143,495 | -19,043 | 10,517 | 95,038 | 0 | 0 | 0 |
| Cash flow from operations | -326,566 | -306,061 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | -238 | 0 | 0 | 0 | 238 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,333,480 | 1,844,895 | 590,112 | -175,799 | -26,497 | 202,296 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 127,599 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 15,466 | -230,362 | -170,234 | 85,390 | 119,800 | 154,695 | 0 |
| other long term liabilities | 0 | 0 | 0 | -65,779 | 65,779 | 0 | 0 |
| share issue | |||||||
| interest | -16,016 | 0 | |||||
| cash flow from financing | 1,047,913 | 529,989 | |||||
| cash and cash equivalents | |||||||
| cash | 409,489 | 642,210 | 3,665 | -68,497 | 15,111 | 80,395 | 2 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 409,489 | 642,210 | 3,665 | -68,497 | 15,111 | 80,395 | 2 |
latus group (uk) ltd Credit Report and Business Information
Latus Group (uk) Ltd Competitor Analysis
Perform a competitor analysis for latus group (uk) ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in HU5 area or any other competitors across 12 key performance metrics.
latus group (uk) ltd Ownership
LATUS GROUP (UK) LTD group structure
Latus Group (Uk) Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
LATUS GROUP (UK) LTD
09990325
1 subsidiary
latus group (uk) ltd directors
Latus Group (Uk) Ltd currently has 4 directors. The longest serving directors include Mr Willam Latus (Apr 2023) and Sam Latus (Apr 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Willam Latus | England | 38 years | Apr 2023 | - | Director |
| Sam Latus | United Kingdom | 35 years | Apr 2023 | - | Director |
| Mr Jack Latus | United Kingdom | 36 years | Apr 2023 | - | Director |
| Mr Alex Birkett | England | 40 years | May 2023 | - | Director |
P&L
March 2023turnover
6.6m
0%
operating profit
-1.3m
0%
gross margin
37.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-1.3m
0%
total assets
2.8m
0%
cash
409.5k
0%
net assets
Total assets minus all liabilities
latus group (uk) ltd company details
company number
09990325
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
elas occupational health limited (June 2023)
accountant
HARRIS LACEY AND SWAIN
auditor
-
address
hull sports centre, chanterlands avenue, hull, east yorkshire, HU5 4EF
Bank
-
Legal Advisor
-
latus group (uk) 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 5 charges/mortgages relating to latus group (uk) ltd. Currently there are 4 open charges and 1 have been satisfied in the past.
latus group (uk) 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 LATUS GROUP (UK) LTD. This can take several minutes, an email will notify you when this has completed.
latus group (uk) ltd Companies House Filings - See Documents
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