lucida broking holdings limited
lucida broking holdings limited Company Information
Company Number
11197852
Next Accounts
Sep 2025
Industry
Activities of financial services holding companies
Shareholders
michael paul joseph
ldc vii lp
View AllGroup Structure
View All
Contact
Registered Address
st james house, 27 - 43 eastern road, romford, essex, RM1 3NH
Website
https://www.lucidagroup.comlucida broking holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LUCIDA BROKING HOLDINGS LIMITED at £117.4m based on a Turnover of £47.6m and 2.47x industry multiple (adjusted for size and gross margin).
lucida broking holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LUCIDA BROKING HOLDINGS LIMITED at £63.9m based on an EBITDA of £7.1m and a 8.96x industry multiple (adjusted for size and gross margin).
lucida broking holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LUCIDA BROKING HOLDINGS LIMITED at £0 based on Net Assets of £-85.1m and 1.8x industry multiple (adjusted for liquidity).
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Lucida Broking Holdings Limited Overview
Lucida Broking Holdings Limited is a live company located in romford, RM1 3NH with a Companies House number of 11197852. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in February 2018, it's largest shareholder is michael paul joseph with a 38.7% stake. Lucida Broking Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £47.6m with high growth in recent years.
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Lucida Broking Holdings Limited Health Check
Pomanda's financial health check has awarded Lucida Broking Holdings Limited a 3 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
1 Regular
4 Weak
Size
annual sales of £47.6m, make it larger than the average company (£11.9m)
£47.6m - Lucida Broking Holdings Limited
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (9.2%)
16% - Lucida Broking Holdings Limited
9.2% - Industry AVG
Production
with a gross margin of 76%, this company has a comparable cost of product (79.7%)
76% - Lucida Broking Holdings Limited
79.7% - Industry AVG
Profitability
an operating margin of -17.3% make it less profitable than the average company (10.1%)
-17.3% - Lucida Broking Holdings Limited
10.1% - Industry AVG
Employees
with 432 employees, this is above the industry average (65)
432 - Lucida Broking Holdings Limited
65 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has a lower pay structure (£84.8k)
£37.6k - Lucida Broking Holdings Limited
£84.8k - Industry AVG
Efficiency
resulting in sales per employee of £110.2k, this is less efficient (£214k)
£110.2k - Lucida Broking Holdings Limited
£214k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Lucida Broking Holdings Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (49 days)
80 days - Lucida Broking Holdings Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lucida Broking Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (27 weeks)
12 weeks - Lucida Broking Holdings Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 179.5%, this is a higher level of debt than the average (54.2%)
179.5% - Lucida Broking Holdings Limited
54.2% - Industry AVG
LUCIDA BROKING HOLDINGS LIMITED financials
Lucida Broking Holdings Limited's latest turnover from December 2023 is £47.6 million and the company has net assets of -£85.1 million. According to their latest financial statements, Lucida Broking Holdings Limited has 432 employees and maintains cash reserves of £17.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 47,593,000 | 47,824,000 | 39,377,000 | 30,672,000 | 31,233,000 | 16,690,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,418,000 | 9,841,000 | 7,962,000 | 6,444,000 | 5,541,000 | 3,254,000 |
| Gross Profit | 36,175,000 | 37,983,000 | 31,415,000 | 24,228,000 | 25,692,000 | 13,436,000 |
| Admin Expenses | 44,419,000 | 51,866,000 | 44,023,000 | 28,791,000 | 29,867,000 | 15,940,000 |
| Operating Profit | -8,244,000 | -13,883,000 | -12,608,000 | -4,563,000 | -4,175,000 | -2,504,000 |
| Interest Payable | 15,779,000 | 12,792,000 | 10,015,000 | 7,779,000 | 7,376,000 | 4,028,000 |
| Interest Receivable | 399,000 | 57,000 | 9,000 | 11,000 | 16,000 | 4,000 |
| Pre-Tax Profit | -23,624,000 | -25,391,000 | -22,614,000 | -12,331,000 | -11,535,000 | -6,528,000 |
| Tax | 44,000 | 481,000 | 220,000 | -566,000 | -428,000 | -375,000 |
| Profit After Tax | -23,580,000 | -24,910,000 | -22,394,000 | -12,897,000 | -11,963,000 | -6,903,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -23,580,000 | -24,983,000 | -22,568,000 | -13,041,000 | -11,995,000 | -6,845,000 |
| Employee Costs | 16,263,000 | 17,352,000 | 17,741,000 | 11,696,000 | 11,900,000 | 6,731,000 |
| Number Of Employees | 432 | 444 | 624 | 360 | 371 | 351 |
| EBITDA* | 7,133,000 | 2,886,000 | 1,212,000 | 6,307,000 | 6,647,000 | 3,761,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,725,000 | 2,504,000 | 2,761,000 | 456,000 | 502,000 | 436,000 |
| Intangible Assets | 73,371,000 | 87,255,000 | 103,572,000 | 79,594,000 | 89,102,000 | 99,513,000 |
| Investments & Other | 2,828,000 | 2,163,000 | 1,502,000 | 320,000 | 466,000 | 501,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 77,924,000 | 91,922,000 | 107,835,000 | 80,370,000 | 90,070,000 | 100,450,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 728,000 |
| Group Debtors | 6,197,000 | 6,733,000 | 0 | 6,799,000 | 7,217,000 | 0 |
| Misc Debtors | 4,015,000 | 6,365,000 | 15,762,000 | 2,184,000 | 2,336,000 | 8,646,000 |
| Cash | 17,797,000 | 17,707,000 | 16,072,000 | 15,662,000 | 8,672,000 | 4,965,000 |
| misc current assets | 1,079,000 | 1,113,000 | 1,243,000 | 374,000 | 0 | 0 |
| total current assets | 29,088,000 | 31,918,000 | 33,077,000 | 25,019,000 | 18,225,000 | 14,339,000 |
| total assets | 107,012,000 | 123,840,000 | 140,912,000 | 105,389,000 | 108,295,000 | 114,789,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 50,093,000 | 629,000 | 579,000 | 0 | 0 | 0 |
| Trade Creditors | 2,508,000 | 3,030,000 | 0 | 0 | 0 | 8,463,000 |
| Group/Directors Accounts | 7,306,000 | 6,762,000 | 10,072,000 | 7,330,000 | 7,257,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 3,000 | 37,000 | 37,000 | 0 |
| other current liabilities | 15,667,000 | 21,579,000 | 23,923,000 | 10,366,000 | 6,139,000 | 5,502,000 |
| total current liabilities | 75,574,000 | 32,000,000 | 34,577,000 | 17,733,000 | 13,433,000 | 13,965,000 |
| loans | 114,237,000 | 150,772,000 | 139,552,000 | 99,674,000 | 93,913,000 | 88,791,000 |
| hp & lease commitments | 0 | 0 | 0 | 3,000 | 40,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 44,000 | 0 | 400,000 |
| provisions | 2,321,000 | 2,608,000 | 3,520,000 | 2,228,000 | 2,149,000 | 855,000 |
| total long term liabilities | 116,558,000 | 153,380,000 | 143,072,000 | 101,949,000 | 96,102,000 | 90,046,000 |
| total liabilities | 192,132,000 | 185,380,000 | 177,649,000 | 119,682,000 | 109,535,000 | 104,011,000 |
| net assets | -85,120,000 | -61,540,000 | -36,762,000 | -14,293,000 | -1,240,000 | 10,778,000 |
| total shareholders funds | -85,120,000 | -61,540,000 | -36,762,000 | -14,293,000 | -1,240,000 | 10,778,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -8,244,000 | -13,883,000 | -12,608,000 | -4,563,000 | -4,175,000 | -2,504,000 |
| Depreciation | 253,000 | 492,000 | 178,000 | 138,000 | 155,000 | 77,000 |
| Amortisation | 15,124,000 | 16,277,000 | 13,642,000 | 10,732,000 | 10,667,000 | 6,188,000 |
| Tax | 44,000 | 481,000 | 220,000 | -566,000 | -428,000 | -375,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,886,000 | -2,664,000 | 6,779,000 | -570,000 | 179,000 | 9,374,000 |
| Creditors | -522,000 | 3,030,000 | 0 | 0 | -8,463,000 | 8,463,000 |
| Accruals and Deferred Income | -5,912,000 | -2,344,000 | 13,557,000 | 4,227,000 | 637,000 | 5,502,000 |
| Deferred Taxes & Provisions | -287,000 | -912,000 | 1,292,000 | 79,000 | 1,294,000 | 855,000 |
| Cash flow from operations | 3,342,000 | 5,805,000 | 9,502,000 | 10,617,000 | -492,000 | 8,832,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -108,215,000 |
| Change in Investments | 665,000 | 661,000 | 1,182,000 | -146,000 | -35,000 | 501,000 |
| cash flow from investments | -665,000 | -661,000 | -1,182,000 | 146,000 | 35,000 | -108,716,000 |
| Financing Activities | ||||||
| Bank loans | 49,464,000 | 50,000 | 579,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 544,000 | -3,310,000 | 2,742,000 | 73,000 | 7,257,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -36,535,000 | 11,220,000 | 39,878,000 | 5,761,000 | 5,122,000 | 88,791,000 |
| Hire Purchase and Lease Commitments | 0 | -3,000 | -37,000 | -37,000 | 77,000 | 0 |
| other long term liabilities | 0 | 0 | -44,000 | 44,000 | -400,000 | 400,000 |
| share issue | ||||||
| interest | -15,380,000 | -12,735,000 | -10,006,000 | -7,768,000 | -7,360,000 | -4,024,000 |
| cash flow from financing | -1,907,000 | -4,573,000 | 33,211,000 | -1,939,000 | 4,673,000 | 102,790,000 |
| cash and cash equivalents | ||||||
| cash | 90,000 | 1,635,000 | 410,000 | 6,990,000 | 3,707,000 | 4,965,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 90,000 | 1,635,000 | 410,000 | 6,990,000 | 3,707,000 | 4,965,000 |
lucida broking holdings limited Credit Report and Business Information
Lucida Broking Holdings Limited Competitor Analysis
Perform a competitor analysis for lucida broking holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in RM1 area or any other competitors across 12 key performance metrics.
lucida broking holdings limited Ownership
LUCIDA BROKING HOLDINGS LIMITED group structure
Lucida Broking Holdings Limited has 3 subsidiary companies.
Ultimate parent company
LUCIDA BROKING HOLDINGS LIMITED
11197852
3 subsidiaries
lucida broking holdings limited directors
Lucida Broking Holdings Limited currently has 8 directors. The longest serving directors include Mr Michael Joseph (Feb 2018) and Mr Gordon Hague (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Joseph | England | 53 years | Feb 2018 | - | Director |
| Mr Gordon Hague | United Kingdom | 53 years | Jun 2018 | - | Director |
| Mr Darren Joseph | United Kingdom | 55 years | Jun 2018 | - | Director |
| Mr Darren Joseph | United Kingdom | 55 years | Jun 2018 | - | Director |
| Dr Ian Owen | 71 years | Jun 2018 | - | Director | |
| Mr Thomas Jervis | United Kingdom | 31 years | Sep 2023 | - | Director |
| Mr Jonathan Sutton | England | 55 years | Sep 2023 | - | Director |
| Mr Martyn Vitty | United Kingdom | 49 years | Dec 2023 | - | Director |
P&L
December 2023turnover
47.6m
0%
operating profit
-8.2m
-41%
gross margin
76.1%
-4.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-85.1m
+0.38%
total assets
107m
-0.14%
cash
17.8m
+0.01%
net assets
Total assets minus all liabilities
lucida broking holdings limited company details
company number
11197852
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
February 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
right choice holdings limited (September 2021)
accountant
-
auditor
BDO LLP
address
st james house, 27 - 43 eastern road, romford, essex, RM1 3NH
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ADDLESHAW GODDARD
lucida broking holdings 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 found 8 charges/mortgages relating to lucida broking holdings limited. Currently there are 8 open charges and 0 have been satisfied in the past.
lucida broking holdings limited 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.
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lucida broking holdings limited Companies House Filings - See Documents
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