Lester Brunt Wealth Management Ltd

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lester brunt wealth management ltd Company Information

Live

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Company Number

10973718

Website

www.lesterbrunt.co.uk

Registered Address

7 & 8 church street, wimborne, dorset, BH21 1JH

Industry

Financial management

Telephone

01202695801

Next Accounts Due

December 2024

Group Structure

View All

Directors

Martin Brunt7 Years

Michael Lester7 Years

Shareholders

michael lester practice limited 50%

mgb wealth management limited 50%

lester brunt wealth management ltd Estimated Valuation

£10.8m

Pomanda estimates the enterprise value of LESTER BRUNT WEALTH MANAGEMENT LTD at £10.8m based on an EBITDA of £1.4m and a 7.64x industry multiple (adjusted for size and gross margin).

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Lester Brunt Wealth Management Ltd is a live company located in dorset, BH21 1JH with a Companies House number of 10973718. It operates in the financial management sector, SIC Code 70221. Founded in September 2017, it's largest shareholder is michael lester practice limited with a 50% stake. Lester Brunt Wealth Management Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Lester Brunt Wealth Management Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £2.4m, make it larger than the average company (£691.4k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.5%)

EXPORT

Lester Brunt Wealth Management Ltd's latest turnover from March 2023 is estimated at £2.4 million and the company has net assets of £1.1 million. According to their latest financial statements, Lester Brunt Wealth Management Ltd has 28 employees and maintains cash reserves of £328.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Turnover	2,418,102	2,433,068	2,081,951	1,903,178	1,655,724	1,454,081
Other Income Or Grants	0	0	0	0	0	0
Cost Of Sales	433,608	265,042	300,547	409,810	369,524	218,594
Gross Profit	1,984,494	2,168,026	1,781,404	1,493,368	1,286,199	1,235,487
Admin Expenses	693,595	1,344,490	1,223,870	651,737	787,275	1,032,691
Operating Profit	1,290,899	823,536	557,534	841,631	498,924	202,796
Interest Payable	717,684	504,837	486,082	512,698	499,389	201,074
Interest Receivable	11,458	2,139	245	84	203	40
Pre-Tax Profit	584,673	320,837	71,698	329,017	-262	1,762
Tax	-111,088	-60,959	-13,623	-62,513	0	-335
Profit After Tax	473,585	259,878	58,075	266,504	-262	1,427
Dividends Paid	0	0	0	0	0	0
Retained Profit	473,585	259,878	58,075	266,504	-262	1,427
Employee Costs	1,454,308	1,636,733	1,162,662	1,303,393	1,084,837	694,441
Number Of Employees	28	36	30	29	20	13
EBITDA*	1,416,048	964,147	708,752	1,010,997	658,833	312,797

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Tangible Assets	28,731	71,322	97,467	162,656	143,248	244,490
Intangible Assets	7,474,094	5,020,242	5,096,570	5,179,743	5,289,477	2,536,670
Investments & Other	1,100	2,668,059	2,674,619	2,674,619	2,674,619	2,490,812
Debtors (Due After 1 year)	0	0	0	0	0	0
Total Fixed Assets	7,503,925	7,759,623	7,868,656	8,017,018	8,107,344	5,271,972
Stock & work in progress	0	0	0	0	0	0
Trade Debtors	364,976	359,099	413,703	360,210	306,733	310,370
Group Debtors	4,435	0	0	269,710	491,802	630,699
Misc Debtors	92,376	61,294	20,101	127,819	174,443	356,405
Cash	328,641	210,558	359,795	130,510	38,155	16,020
misc current assets	0	0	0	0	0	0
total current assets	790,428	630,951	793,599	888,249	1,011,133	1,313,494
total assets	8,294,353	8,390,574	8,662,255	8,905,267	9,118,477	6,585,466
Bank overdraft	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0
Trade Creditors	139,233	180,192	175,984	107,584	99,076	100,981
Group/Directors Accounts	58,045	73,888	166,410	1,000	189,862	0
other short term finances	965,857	944,000	990,604	1,048,349	1,520,336	1,163,070
hp & lease commitments	0	45,219	12,647	50,740	18,965	36,688
other current liabilities	255,069	284,462	198,896	220,248	152,286	78,067
total current liabilities	1,418,204	1,527,761	1,544,541	1,427,921	1,980,525	1,378,806
loans	5,816,742	6,276,991	6,746,551	7,151,611	7,089,477	5,023,818
hp & lease commitments	0	0	45,219	57,866	47,110	131,215
Accruals and Deferred Income	0	0	0	0	0	0
other liabilities	0	0	0	0	0	50,000
provisions	0	0	0	0	0	0
total long term liabilities	5,816,742	6,276,991	6,791,770	7,209,477	7,136,587	5,205,033
total liabilities	7,234,946	7,804,752	8,336,311	8,637,398	9,117,112	6,583,839
net assets	1,059,407	585,822	325,944	267,869	1,365	1,627
total shareholders funds	1,059,407	585,822	325,944	267,869	1,365	1,627

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Operating Activities
Operating Profit	1,290,899	823,536	557,534	841,631	498,924	202,796
Depreciation	14,180	29,642	40,942	59,632	50,175	22,530
Amortisation	110,969	110,969	110,276	109,734	109,734	87,471
Tax	-111,088	-60,959	-13,623	-62,513	0	-335
Stock	0	0	0	0	0	0
Debtors	41,394	-13,411	-323,935	-215,239	-324,496	1,297,474
Creditors	-40,959	4,208	68,400	8,508	-1,905	100,981
Accruals and Deferred Income	-29,393	85,566	-21,352	67,962	74,219	78,067
Deferred Taxes & Provisions	0	0	0	0	0	0
Cash flow from operations	1,193,214	1,006,373	1,066,112	1,240,193	1,055,643	-805,964
Investing Activities
capital expenditure	-2,536,410	-38,138	-2,856	-79,040	-2,811,474	-2,891,161
Change in Investments	-2,666,959	-6,560	0	0	183,807	2,490,812
cash flow from investments	130,549	-31,578	-2,856	-79,040	-2,995,281	-5,381,973
Financing Activities
Bank loans	0	0	0	0	0	0
Group/Directors Accounts	-15,843	-92,522	165,410	-188,862	189,862	0
Other Short Term Loans	21,857	-46,604	-57,745	-471,987	357,266	1,163,070
Long term loans	-460,249	-469,560	-405,060	62,134	2,065,659	5,023,818
Hire Purchase and Lease Commitments	-45,219	-12,647	-50,740	42,531	-101,828	167,903
other long term liabilities	0	0	0	0	-50,000	50,000
share issue	0	0	0	0	0	200
interest	-706,226	-502,698	-485,837	-512,614	-499,186	-201,034
cash flow from financing	-1,205,680	-1,124,031	-833,972	-1,068,798	1,961,773	6,203,957
cash and cash equivalents
cash	118,083	-149,237	229,285	92,355	22,135	16,020
overdraft	0	0	0	0	0	0
change in cash	118,083	-149,237	229,285	92,355	22,135	16,020

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LESTER BRUNT WEALTH MANAGEMENT LTD group structure

Lester Brunt Wealth Management Ltd has 1 subsidiary company.

Ultimate parent company

LESTER BRUNT WEALTH MANAGEMENT LTD

10973718

1 subsidiary

C H P F LIMITED

04372445

LESTER BRUNT WEALTH MANAGEMENT LTD Shareholders

michael lester practice limited	50%
mgb wealth management limited	50%

Lester Brunt Wealth Management Ltd currently has 2 directors. The longest serving directors include Mr Martin Brunt (Sep 2017) and Mr Michael Lester (Sep 2017).

officer	country	age	start	end	role
Mr Martin Brunt	United Kingdom	61 years	Sep 2017	-	Director
Mr Michael Lester	United Kingdom	70 years	Sep 2017	-	Director

P&L

March 2023

turnover

2.4m

-1%

operating profit

1.3m

gross margin

82.1%

-7.9%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

1.1m

+0.81%

total assets

8.3m

-0.01%

cash

328.6k

+0.56%

net assets

Total assets minus all liabilities

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company number

10973718

Type

Private limited with Share Capital

industry

70221 - Financial management

incorporation date

September 2017

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

7 & 8 church street, wimborne, dorset, BH21 1JH

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 lester brunt wealth management ltd.

lester brunt wealth management ltd Company Information

lester brunt wealth management ltd Estimated Valuation

lester brunt wealth management ltd Estimated Valuation

lester brunt wealth management ltd Estimated Valuation

Lester Brunt Wealth Management Ltd Overview

Lester Brunt Wealth Management Ltd Health Check

LESTER BRUNT WEALTH MANAGEMENT LTD financials

lester brunt wealth management ltd Credit Report and Business Information

Lester Brunt Wealth Management Ltd Competitor Analysis

lester brunt wealth management ltd Ownership

lester brunt wealth management ltd directors

lester brunt wealth management ltd company details

lester brunt wealth management ltd Charges & Mortgages

lester brunt wealth management ltd Companies House Filings - See Documents