lowell receivables financing 2 limited
lowell receivables financing 2 limited Company Information
Company Number
13403235
Next Accounts
119 days late
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
metis bidco limited
Group Structure
View All
Contact
Registered Address
no. 1 the square, thorpe park view, thorpe park, leeds, west yorkshire, LS15 8GH
Website
-lowell receivables financing 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOWELL RECEIVABLES FINANCING 2 LIMITED at £736.8m based on a Turnover of £212.3m and 3.47x industry multiple (adjusted for size and gross margin).
lowell receivables financing 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOWELL RECEIVABLES FINANCING 2 LIMITED at £2.6b based on an EBITDA of £216.3m and a 12.22x industry multiple (adjusted for size and gross margin).
lowell receivables financing 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOWELL RECEIVABLES FINANCING 2 LIMITED at £188.7m based on Net Assets of £146.6m and 1.29x industry multiple (adjusted for liquidity).
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Lowell Receivables Financing 2 Limited Overview
Lowell Receivables Financing 2 Limited is a live company located in leeds, LS15 8GH with a Companies House number of 13403235. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2021, it's largest shareholder is metis bidco limited with a 100% stake. Lowell Receivables Financing 2 Limited is a startup, mega sized company, Pomanda has estimated its turnover at £212.3m with unknown growth in recent years.
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Lowell Receivables Financing 2 Limited Health Check
Pomanda's financial health check has awarded Lowell Receivables Financing 2 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
1 Weak
Size
annual sales of £212.3m, make it larger than the average company (£4.9m)
£212.3m - Lowell Receivables Financing 2 Limited
£4.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Lowell Receivables Financing 2 Limited
- - Industry AVG
Production
with a gross margin of 71.4%, this company has a lower cost of product (55.8%)
71.4% - Lowell Receivables Financing 2 Limited
55.8% - Industry AVG
Profitability
an operating margin of 101.9% make it more profitable than the average company (10.5%)
101.9% - Lowell Receivables Financing 2 Limited
10.5% - Industry AVG
Employees
with 970 employees, this is above the industry average (14)
- Lowell Receivables Financing 2 Limited
14 - Industry AVG
Pay Structure
on an average salary of £79k, the company has an equivalent pay structure (£79k)
- Lowell Receivables Financing 2 Limited
£79k - Industry AVG
Efficiency
resulting in sales per employee of £218.8k, this is equally as efficient (£219k)
- Lowell Receivables Financing 2 Limited
£219k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Lowell Receivables Financing 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lowell Receivables Financing 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lowell Receivables Financing 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (31 weeks)
15 weeks - Lowell Receivables Financing 2 Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.1%, this is a similar level of debt than the average (70.1%)
66.1% - Lowell Receivables Financing 2 Limited
70.1% - Industry AVG
LOWELL RECEIVABLES FINANCING 2 LIMITED financials
Lowell Receivables Financing 2 Limited's latest turnover from December 2022 is £212.3 million and the company has net assets of £146.6 million. According to their latest financial statements, we estimate that Lowell Receivables Financing 2 Limited has 970 employees and maintains cash reserves of £14.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 212,282,000 | 12,056,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 60,622,000 | -37,000 |
| Gross Profit | 151,660,000 | 12,093,000 |
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | 0 | 0 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | 136,899,000 | 9,712,000 |
| Tax | 0 | 0 |
| Profit After Tax | 136,899,000 | 9,712,000 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 136,899,000 | 9,712,000 |
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 340,664,000 | 193,607,000 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 340,664,000 | 193,607,000 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 340,664,000 | 193,607,000 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 1,772,000 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 110,000 | 0 |
| Cash | 14,829,000 | 10,267,000 |
| misc current assets | 77,535,000 | 72,675,000 |
| total current assets | 92,474,000 | 84,714,000 |
| total assets | 433,138,000 | 278,321,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 49,694,000 | 54,173,000 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 47,000 | 1,076,000 |
| total current liabilities | 49,741,000 | 55,249,000 |
| loans | 473,574,000 | 426,720,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 236,787,000 | 213,360,000 |
| total liabilities | 286,528,000 | 268,609,000 |
| net assets | 146,610,000 | 9,712,000 |
| total shareholders funds | 146,610,000 | 9,712,000 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | 0 | 0 |
| Stock | 0 | 0 |
| Debtors | -1,662,000 | 1,772,000 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | -1,029,000 | 1,076,000 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 147,057,000 | 193,607,000 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | -4,479,000 | 54,173,000 |
| Long term loans | 46,854,000 | 426,720,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 0 | 0 |
| cash flow from financing | 42,374,000 | 480,893,000 |
| cash and cash equivalents | ||
| cash | 4,562,000 | 10,267,000 |
| overdraft | 0 | 0 |
| change in cash | 4,562,000 | 10,267,000 |
lowell receivables financing 2 limited Credit Report and Business Information
Lowell Receivables Financing 2 Limited Competitor Analysis
Perform a competitor analysis for lowell receivables financing 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in LS15 area or any other competitors across 12 key performance metrics.
lowell receivables financing 2 limited Ownership
LOWELL RECEIVABLES FINANCING 2 LIMITED group structure
Lowell Receivables Financing 2 Limited has no subsidiary companies.
Ultimate parent company
GARFUNKELUX SARL
#0097050
2 parents
LOWELL RECEIVABLES FINANCING 2 LIMITED
13403235
lowell receivables financing 2 limited directors
Lowell Receivables Financing 2 Limited currently has 4 directors. The longest serving directors include Ms Aline Sternberg (May 2021) and Aline Sternberg (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Aline Sternberg | 36 years | May 2021 | - | Director | |
| Aline Sternberg | United Kingdom | 36 years | May 2021 | - | Director |
| Mr John Flaherty | United Kingdom | 50 years | May 2021 | - | Director |
| Mr John Pears | England | 51 years | Aug 2023 | - | Director |
P&L
December 2022turnover
212.3m
+1661%
operating profit
216.3m
0%
gross margin
71.5%
-28.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
146.6m
+14.1%
total assets
433.1m
+0.56%
cash
14.8m
+0.44%
net assets
Total assets minus all liabilities
Similar Companies
lowell receivables financing 2 limited company details
company number
13403235
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2021
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
KPMG LLP
address
no. 1 the square, thorpe park view, thorpe park, leeds, west yorkshire, LS15 8GH
Bank
-
Legal Advisor
-
lowell receivables financing 2 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 lowell receivables financing 2 limited. Currently there are 3 open charges and 0 have been satisfied in the past.
lowell receivables financing 2 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.
Click to start generating capital raising & share issue transactions for LOWELL RECEIVABLES FINANCING 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
lowell receivables financing 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
