lat apprenticeships c.i.c.
lat apprenticeships c.i.c. Company Information
Group Structure
View All
Industry
Technical and vocational secondary education
Registered Address
strood academy carnation road, strood, rochester, kent, ME2 2SX
Website
-lat apprenticeships c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT APPRENTICESHIPS C.I.C. at £137.6k based on a Turnover of £395k and 0.35x industry multiple (adjusted for size and gross margin).
lat apprenticeships c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT APPRENTICESHIPS C.I.C. at £0 based on an EBITDA of £-111.6k and a 2.25x industry multiple (adjusted for size and gross margin).
lat apprenticeships c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LAT APPRENTICESHIPS C.I.C. at £0 based on Net Assets of £-332.4k and 2.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lat Apprenticeships C.i.c. Overview
Lat Apprenticeships C.i.c. is a live company located in rochester, ME2 2SX with a Companies House number of 12277706. It operates in the technical and vocational secondary education sector, SIC Code 85320. Founded in October 2019, it's largest shareholder is unknown. Lat Apprenticeships C.i.c. is a young, micro sized company, Pomanda has estimated its turnover at £395k with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Lat Apprenticeships C.i.c. Health Check
Pomanda's financial health check has awarded Lat Apprenticeships C.I.C. a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £395k, make it smaller than the average company (£822.5k)
£395k - Lat Apprenticeships C.i.c.
£822.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 85%, show it is growing at a faster rate (4.7%)
85% - Lat Apprenticeships C.i.c.
4.7% - Industry AVG
Production
with a gross margin of -2%, this company has a higher cost of product (55.8%)
-2% - Lat Apprenticeships C.i.c.
55.8% - Industry AVG
Profitability
an operating margin of -28.3% make it less profitable than the average company (3.8%)
-28.3% - Lat Apprenticeships C.i.c.
3.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (17)
- Lat Apprenticeships C.i.c.
17 - Industry AVG
Pay Structure
on an average salary of £11.9k, the company has a lower pay structure (£34.3k)
- Lat Apprenticeships C.i.c.
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £56.4k, this is equally as efficient (£64k)
- Lat Apprenticeships C.i.c.
£64k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (16 days)
4 days - Lat Apprenticeships C.i.c.
16 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (30 days)
10 days - Lat Apprenticeships C.i.c.
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lat Apprenticeships C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (71 weeks)
3 weeks - Lat Apprenticeships C.i.c.
71 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 632.5%, this is a higher level of debt than the average (27.8%)
632.5% - Lat Apprenticeships C.i.c.
27.8% - Industry AVG
LAT APPRENTICESHIPS C.I.C. financials
Lat Apprenticeships C.I.C.'s latest turnover from August 2023 is £395 thousand and the company has net assets of -£332.4 thousand. According to their latest financial statements, we estimate that Lat Apprenticeships C.I.C. has 7 employees and maintains cash reserves of £23 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Turnover | 395,031 | 351,055 | 128,551 | 62,835 |
| Other Income Or Grants | ||||
| Cost Of Sales | 402,790 | 398,690 | 147,183 | 35,408 |
| Gross Profit | -7,759 | -47,635 | -18,632 | 27,427 |
| Admin Expenses | 103,877 | 31,847 | 101,659 | 48,374 |
| Operating Profit | -111,636 | -79,482 | -120,291 | -20,947 |
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | -111,636 | -79,482 | -120,291 | -20,947 |
| Tax | ||||
| Profit After Tax | -111,636 | -79,482 | -120,291 | -20,947 |
| Dividends Paid | ||||
| Retained Profit | -111,636 | -79,482 | -120,291 | -20,947 |
| Employee Costs | 83,607 | 15,544 | 29,164 | 38,555 |
| Number Of Employees | ||||
| EBITDA* | -111,636 | -79,482 | -120,291 | -20,947 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | ||||
| Stock & work in progress | ||||
| Trade Debtors | 4,407 | 7,546 | ||
| Group Debtors | 15,900 | |||
| Misc Debtors | 35,006 | 52,001 | 28,517 | 46,935 |
| Cash | 22,996 | 10,424 | 96,921 | |
| misc current assets | ||||
| total current assets | 62,409 | 69,971 | 125,438 | 62,835 |
| total assets | 62,409 | 69,971 | 125,438 | 62,835 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 12,095 | 8,409 | 5,797 | |
| Group/Directors Accounts | 369,141 | 262,591 | 257,125 | 82,782 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 13,529 | 19,691 | 3,754 | 1,000 |
| total current liabilities | 394,765 | 290,691 | 266,676 | 83,782 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 394,765 | 290,691 | 266,676 | 83,782 |
| net assets | -332,356 | -220,720 | -141,238 | -20,947 |
| total shareholders funds | -332,356 | -220,720 | -141,238 | -20,947 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -111,636 | -79,482 | -120,291 | -20,947 |
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -20,134 | 31,030 | -34,318 | 62,835 |
| Creditors | 3,686 | 2,612 | 5,797 | |
| Accruals and Deferred Income | -6,162 | 15,937 | 2,754 | 1,000 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | -93,978 | -91,963 | -77,422 | -82,782 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 106,550 | 5,466 | 174,343 | 82,782 |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | 106,550 | 5,466 | 174,343 | 82,782 |
| cash and cash equivalents | ||||
| cash | 12,572 | -86,497 | 96,921 | |
| overdraft | ||||
| change in cash | 12,572 | -86,497 | 96,921 |
lat apprenticeships c.i.c. Credit Report and Business Information
Lat Apprenticeships C.i.c. Competitor Analysis
Perform a competitor analysis for lat apprenticeships c.i.c. by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in ME2 area or any other competitors across 12 key performance metrics.
lat apprenticeships c.i.c. Ownership
LAT APPRENTICESHIPS C.I.C. group structure
Lat Apprenticeships C.I.C. has no subsidiary companies.
Ultimate parent company
LAT APPRENTICESHIPS C.I.C.
12277706
lat apprenticeships c.i.c. directors
Lat Apprenticeships C.I.C. currently has 6 directors. The longest serving directors include Mr Neil Willis (Oct 2019) and Mrs Theresa Davies (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Willis | United Kingdom | 62 years | Oct 2019 | - | Director |
| Mrs Theresa Davies | 68 years | Sep 2021 | - | Director | |
| Mrs Theresa Davies | 68 years | Sep 2021 | - | Director | |
| Mr Richard Taylor | 46 years | Dec 2023 | - | Director | |
| Mr Michael Costello | 70 years | Nov 2024 | - | Director | |
| Ms Faye Reizopoulou | 41 years | Nov 2024 | - | Director |
P&L
August 2023turnover
395k
+13%
operating profit
-111.6k
+40%
gross margin
-1.9%
-85.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-332.4k
+0.51%
total assets
62.4k
-0.11%
cash
23k
+1.21%
net assets
Total assets minus all liabilities
Similar Companies
lat apprenticeships c.i.c. company details
company number
12277706
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85320 - Technical and vocational secondary education
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
strood academy carnation road, strood, rochester, kent, ME2 2SX
Bank
HSBC PLC
Legal Advisor
-
lat apprenticeships c.i.c. 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 did not find charges/mortgages relating to lat apprenticeships c.i.c..
lat apprenticeships c.i.c. 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 LAT APPRENTICESHIPS C.I.C.. This can take several minutes, an email will notify you when this has completed.
lat apprenticeships c.i.c. Companies House Filings - See Documents
| date | description | view/download |
|---|
