lchmg limited
lchmg limited Company Information
Company Number
12325705
Website
-Registered Address
2 bromwich court, 1st floor, gorsey lane, birmingham, B46 1JU
Industry
Specialist medical practice activities
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
lasercare holdings (iom) limited 100%
lchmg limited Estimated Valuation
Pomanda estimates the enterprise value of LCHMG LIMITED at £4m based on a Turnover of £9.1m and 0.44x industry multiple (adjusted for size and gross margin).
lchmg limited Estimated Valuation
Pomanda estimates the enterprise value of LCHMG LIMITED at £0 based on an EBITDA of £-299k and a 3.66x industry multiple (adjusted for size and gross margin).
lchmg limited Estimated Valuation
Pomanda estimates the enterprise value of LCHMG LIMITED at £0 based on Net Assets of £-6.8m and 2.1x industry multiple (adjusted for liquidity).
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Lchmg Limited Overview
Lchmg Limited is a live company located in birmingham, B46 1JU with a Companies House number of 12325705. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in November 2019, it's largest shareholder is lasercare holdings (iom) limited with a 100% stake. Lchmg Limited is a young, mid sized company, Pomanda has estimated its turnover at £9.1m with unknown growth in recent years.
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Lchmg Limited Health Check
Pomanda's financial health check has awarded Lchmg Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £9.1m, make it larger than the average company (£321.4k)
£9.1m - Lchmg Limited
£321.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Lchmg Limited
- - Industry AVG
Production
with a gross margin of 24.7%, this company has a higher cost of product (57.8%)
24.7% - Lchmg Limited
57.8% - Industry AVG
Profitability
an operating margin of -19.2% make it less profitable than the average company (19%)
-19.2% - Lchmg Limited
19% - Industry AVG
Employees
with 50 employees, this is above the industry average (9)
50 - Lchmg Limited
9 - Industry AVG
Pay Structure
on an average salary of £36.9k, the company has a higher pay structure (£27k)
£36.9k - Lchmg Limited
£27k - Industry AVG
Efficiency
resulting in sales per employee of £181.5k, this is more efficient (£72.8k)
£181.5k - Lchmg Limited
£72.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (36 days)
0 days - Lchmg Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (41 days)
32 days - Lchmg Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (15 days)
1 days - Lchmg Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (81 weeks)
1 weeks - Lchmg Limited
81 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 217.6%, this is a higher level of debt than the average (33.5%)
217.6% - Lchmg Limited
33.5% - Industry AVG
lchmg limited Credit Report and Business Information
Lchmg Limited Competitor Analysis
Perform a competitor analysis for lchmg limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lchmg limited Ownership
LCHMG LIMITED group structure
Lchmg Limited has no subsidiary companies.
Ultimate parent company
LASERCARE HOLDINGS (IOM) LTD
#0020302
2 parents
LCHMG LIMITED
12325705
lchmg limited directors
Lchmg Limited currently has 5 directors. The longest serving directors include Mr Darren Grassby (Nov 2019) and Mr Darren Grassby (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Grassby | United Kingdom | 48 years | Nov 2019 | - | Director |
| Mr Darren Grassby | England | 48 years | Nov 2019 | - | Director |
| Mr Nicholas Perrin | 64 years | Nov 2019 | - | Director | |
| Mr Jeremy Richardson | England | 53 years | Feb 2024 | - | Director |
| Mr Harvey Ainley | England | 57 years | Feb 2024 | - | Director |
LCHMG LIMITED financials
Lchmg Limited's latest turnover from August 2022 is £9.1 million and the company has net assets of -£6.8 million. According to their latest financial statements, Lchmg Limited has 50 employees and maintains cash reserves of £333 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|
| Turnover | 9,074,000 | 11,846,000 | 6,805,000 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 6,837,000 | 9,126,000 | 6,391,000 |
| Gross Profit | 2,237,000 | 2,720,000 | 414,000 |
| Admin Expenses | 3,980,000 | 4,395,000 | 4,324,000 |
| Operating Profit | -1,743,000 | -1,675,000 | -3,910,000 |
| Interest Payable | 0 | 1,000 | 62,000 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -1,743,000 | -1,676,000 | -3,972,000 |
| Tax | -10,000 | 2,000 | 649,000 |
| Profit After Tax | -1,753,000 | -1,674,000 | -3,323,000 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -1,753,000 | -1,674,000 | -3,323,000 |
| Employee Costs | 1,846,000 | 2,796,000 | 3,521,000 |
| Number Of Employees | 50 | 111 | 166 |
| EBITDA* | -299,000 | -160,000 | -2,830,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|
| Tangible Assets | 549,000 | 686,000 | 646,000 |
| Intangible Assets | 2,931,000 | 4,233,000 | 5,518,000 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 3,480,000 | 4,919,000 | 6,164,000 |
| Stock & work in progress | 32,000 | 78,000 | 162,000 |
| Trade Debtors | 18,000 | 18,000 | 0 |
| Group Debtors | 106,000 | 105,000 | 81,000 |
| Misc Debtors | 1,769,000 | 1,367,000 | 1,667,000 |
| Cash | 333,000 | 101,000 | 403,000 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 2,258,000 | 1,669,000 | 2,313,000 |
| total assets | 5,738,000 | 6,588,000 | 8,477,000 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 604,000 | 508,000 | 601,000 |
| Group/Directors Accounts | 9,471,000 | 8,154,000 | 6,904,000 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 2,413,000 | 2,923,000 | 4,295,000 |
| total current liabilities | 12,488,000 | 11,585,000 | 11,800,000 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 12,488,000 | 11,585,000 | 11,800,000 |
| net assets | -6,750,000 | -4,997,000 | -3,323,000 |
| total shareholders funds | -6,750,000 | -4,997,000 | -3,323,000 |
| Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,743,000 | -1,675,000 | -3,910,000 |
| Depreciation | 142,000 | 209,000 | 106,000 |
| Amortisation | 1,302,000 | 1,306,000 | 974,000 |
| Tax | -10,000 | 2,000 | 649,000 |
| Stock | -46,000 | -84,000 | 162,000 |
| Debtors | 403,000 | -258,000 | 1,748,000 |
| Creditors | 96,000 | -93,000 | 601,000 |
| Accruals and Deferred Income | -510,000 | -1,372,000 | 4,295,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -1,080,000 | -1,281,000 | 805,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 1,317,000 | 1,250,000 | 6,904,000 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | 0 | -1,000 | -62,000 |
| cash flow from financing | 1,317,000 | 1,249,000 | 6,842,000 |
| cash and cash equivalents | |||
| cash | 232,000 | -302,000 | 403,000 |
| overdraft | 0 | 0 | 0 |
| change in cash | 232,000 | -302,000 | 403,000 |
P&L
August 2022turnover
9.1m
-23%
operating profit
-1.7m
+4%
gross margin
24.7%
+7.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
-6.8m
+0.35%
total assets
5.7m
-0.13%
cash
333k
+2.3%
net assets
Total assets minus all liabilities
Similar Companies
lchmg limited company details
company number
12325705
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
incorporation date
November 2019
age
5
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
2 bromwich court, 1st floor, gorsey lane, birmingham, B46 1JU
last accounts submitted
August 2022
lchmg 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 3 charges/mortgages relating to lchmg limited. Currently there are 2 open charges and 1 have been satisfied in the past.
lchmg limited Companies House Filings - See Documents
| date | description | view/download |
|---|
