Pomanda estimates the enterprise value of LH DEVELOPMENT 1 LIMITED at £120.8k based on a Turnover of £77.5k and 1.56x industry multiple (adjusted for size and gross margin).
lh development 1 limitedEstimated Valuation
£12.8m
Pomanda estimates the enterprise value of LH DEVELOPMENT 1 LIMITED at £12.8m based on an EBITDA of £1.8m and a 7.2x industry multiple (adjusted for size and gross margin).
lh development 1 limitedEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of LH DEVELOPMENT 1 LIMITED at £2.4m based on Net Assets of £666.3k and 3.56x industry multiple (adjusted for liquidity).
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Lh Development 1 LimitedOverview
Lh Development 1 Limited is a live company located in london, N14 6JS with a Companies House number of 11599807. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in October 2018, it's largest shareholder is
lendhub group limited
with a 100% stake. Lh Development 1 Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£77.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Lh Development 1 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
3 Regular
5 Weak
Size
annual sales of £77.5k, make it smaller than the average company (£5.1m)
£77.5k - Lh Development 1 Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -85%, show it is growing at a slower rate (6.3%)
-85% - Lh Development 1 Limited
6.3% - Industry AVG
Production
with a gross margin of 37.7%, this company has a comparable cost of product (37.7%)
37.7% - Lh Development 1 Limited
37.7% - Industry AVG
Profitability
an operating margin of 2285.6% make it more profitable than the average company (16.1%)
2285.6% - Lh Development 1 Limited
16.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Lh Development 1 Limited
12 - Industry AVG
Pay Structure
on an average salary of £49.4k, the company has an equivalent pay structure (£49.4k)
£49.4k - Lh Development 1 Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £77.5k, this is less efficient (£158.2k)
£77.5k - Lh Development 1 Limited
£158.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Lh Development 1 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is slower than average (12 days)
31 days - Lh Development 1 Limited
12 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lh Development 1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (27 weeks)
2 weeks - Lh Development 1 Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97%, this is a similar level of debt than the average (91.6%)
97% - Lh Development 1 Limited
91.6% - Industry AVG
LH DEVELOPMENT 1 LIMITED financials
EXPORT
Lh Development 1 Limited's latest turnover from September 2023 is estimated at £77.5 thousand and the company has net assets of £666.3 thousand. According to their latest financial statements, we estimate that Lh Development 1 Limited has 1 employee and maintains cash reserves of £757.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Turnover
77,532
38,885
29,568
22,038,938
Other Income Or Grants
Cost Of Sales
48,293
21,243
16,451
11,298,740
Gross Profit
29,239
17,642
13,117
10,740,197
Admin Expenses
-1,742,809
-759,937
-263,002
10,707,886
101
Operating Profit
1,772,048
777,579
276,119
32,311
-101
Interest Payable
1,311,897
606,303
103,643
Interest Receivable
21,093
949
37
18
Pre-Tax Profit
481,244
172,225
172,514
32,328
-101
Tax
-120,311
-32,723
-32,778
-6,142
Profit After Tax
360,933
139,502
139,736
26,186
-101
Dividends Paid
Retained Profit
360,933
139,502
139,736
26,186
-101
Employee Costs
49,438
57,342
42,448
6,930,000
Number Of Employees
1
1
1
132
EBITDA*
1,772,048
777,579
276,119
32,311
-101
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
7,877,946
6,891,223
Total Fixed Assets
7,877,946
6,891,223
Stock & work in progress
Trade Debtors
4,040,425
Group Debtors
Misc Debtors
13,800,270
13,197,914
9,609,021
Cash
757,409
46,132
38,251
35,501
1
misc current assets
total current assets
14,557,679
13,244,046
9,647,272
4,075,926
1
total assets
22,435,625
20,135,269
9,647,272
4,075,926
1
Bank overdraft
8,347,333
7,625,002
1
Bank loan
Trade Creditors
4,201
3,299
3,001
Group/Directors Accounts
9,377,896
8,342,910
5,995,283
4,039,055
100
other short term finances
hp & lease commitments
other current liabilities
364,796
183,592
85,047
10,785
total current liabilities
18,094,226
16,154,803
6,083,331
4,049,840
101
loans
3,675,142
3,675,142
3,398,119
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
3,675,142
3,675,142
3,398,119
total liabilities
21,769,368
19,829,945
9,481,450
4,049,840
101
net assets
666,257
305,324
165,822
26,086
-100
total shareholders funds
666,257
305,324
165,822
26,086
-100
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Operating Activities
Operating Profit
1,772,048
777,579
276,119
32,311
-101
Depreciation
Amortisation
Tax
-120,311
-32,723
-32,778
-6,142
Stock
Debtors
1,589,079
10,480,116
5,568,596
4,040,425
Creditors
902
298
3,001
Accruals and Deferred Income
181,204
98,545
74,262
10,785
Deferred Taxes & Provisions
Cash flow from operations
244,764
-9,636,417
-5,247,992
-4,003,471
-101
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
1,034,986
2,347,627
1,956,228
4,038,955
100
Other Short Term Loans
Long term loans
277,023
3,398,119
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
interest
-1,290,804
-605,354
-103,606
18
cash flow from financing
-255,818
2,019,296
5,250,741
4,038,973
101
cash and cash equivalents
cash
711,277
7,881
2,750
35,500
1
overdraft
722,331
7,625,002
-1
1
change in cash
-11,054
-7,617,121
2,750
35,501
lh development 1 limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for lh development 1 limited. Get real-time insights into lh development 1 limited's credit score, group structure and payment trends.
Perform a competitor analysis for lh development 1 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in N14 area or any other competitors across 12 key performance metrics.
lh development 1 limited Ownership
LH DEVELOPMENT 1 LIMITED group structure
Lh Development 1 Limited has no subsidiary companies.
The sole shareholder of Lh Development 1 Limited is Lendhub Group Limited.
lendhub group limited
100%
lh development 1 limited directors
Lh Development 1 Limited currently has 2 directors.
The longest serving directors include
Mr Christopher Adamou (Oct 2018) and
Mr Prodromos Adamou (Oct 2018).
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 2 charges/mortgages relating to lh development 1 limited. Currently there are 2 open charges and 0 have been satisfied in the past.
lh development 1 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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lh development 1 limitedCompanies House Filings - See Documents
