lynas foods
lynas foods Company Information
Company Number
NI052348
Next Accounts
2045 days late
Shareholders
david lynas
peter lynas
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
loughanhill industrial estate, gateside road, coleraine, londonderry, BT52 2NR
Website
lynasfoodservice.co.uklynas foods Estimated Valuation
Pomanda estimates the enterprise value of LYNAS FOODS at £116m based on a Turnover of £131.6m and 0.88x industry multiple (adjusted for size and gross margin).
lynas foods Estimated Valuation
Pomanda estimates the enterprise value of LYNAS FOODS at £27.1m based on an EBITDA of £4m and a 6.77x industry multiple (adjusted for size and gross margin).
lynas foods Estimated Valuation
Pomanda estimates the enterprise value of LYNAS FOODS at £32.4m based on Net Assets of £15.1m and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lynas Foods Overview
Lynas Foods is a live company located in coleraine, BT52 2NR with a Companies House number of NI052348. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2004, it's largest shareholder is david lynas with a 46.9% stake. Lynas Foods is a mature, mega sized company, Pomanda has estimated its turnover at £131.6m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Lynas Foods Health Check
Pomanda's financial health check has awarded Lynas Foods a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £131.6m, make it larger than the average company (£17.1m)
£131.6m - Lynas Foods
£17.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 194%, show it is growing at a faster rate (4.6%)
- Lynas Foods
4.6% - Industry AVG
Production
with a gross margin of 19.1%, this company has a higher cost of product (31.9%)
19.1% - Lynas Foods
31.9% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (5.2%)
1.5% - Lynas Foods
5.2% - Industry AVG
Employees
with 490 employees, this is above the industry average (114)
490 - Lynas Foods
114 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has a lower pay structure (£38.9k)
£27.7k - Lynas Foods
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £268.5k, this is more efficient (£160.2k)
£268.5k - Lynas Foods
£160.2k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (49 days)
28 days - Lynas Foods
49 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (48 days)
23 days - Lynas Foods
48 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (41 days)
25 days - Lynas Foods
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)
4 weeks - Lynas Foods
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a similar level of debt than the average (63%)
64.2% - Lynas Foods
63% - Industry AVG
LYNAS FOODS financials
Lynas Foods's latest turnover from October 2017 is £131.6 million and the company has net assets of £15.1 million. According to their latest financial statements, Lynas Foods has 490 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 131,550,522 | 115,909,211 | 108,134,549 | ||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 106,457,955 | 94,116,776 | 89,660,874 | ||||||
| Gross Profit | 25,092,567 | 21,792,435 | 18,473,675 | ||||||
| Admin Expenses | 23,172,983 | 19,856,019 | 18,246,784 | ||||||
| Operating Profit | 1,919,584 | 1,936,416 | 226,891 | ||||||
| Interest Payable | 105,003 | 91,540 | 72,172 | ||||||
| Interest Receivable | 9,187 | 13,185 | 9,265 | ||||||
| Pre-Tax Profit | 1,823,768 | 1,858,061 | 201,952 | ||||||
| Tax | -512,643 | -305,730 | -138,247 | ||||||
| Profit After Tax | 1,311,125 | 1,552,331 | 63,705 | ||||||
| Dividends Paid | 27,637 | 37,483 | |||||||
| Retained Profit | 1,283,488 | 1,552,331 | 26,222 | ||||||
| Employee Costs | 13,562,470 | 11,588,941 | 10,295,541 | ||||||
| Number Of Employees | 490 | 437 | 375 | ||||||
| EBITDA* | 3,999,075 | 3,877,865 | 2,075,078 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,531,184 | 12,986,078 | 12,588,865 | ||||||
| Intangible Assets | 4,564,291 | 5,429,488 | 6,294,687 | 1,351,551 | |||||
| Investments & Other | 164,452 | 164,452 | 164,452 | 21,425,039 | 24,283,985 | 23,633,969 | 21,107,239 | 21,107,239 | 21,107,239 |
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 20,259,927 | 18,580,018 | 19,048,004 | 22,776,590 | 24,283,985 | 23,633,969 | 21,107,239 | 21,107,239 | 21,107,239 |
| Stock & work in progress | 7,506,469 | 6,658,933 | 5,294,577 | ||||||
| Trade Debtors | 10,186,506 | 8,823,318 | 7,999,245 | 707,654 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Group Debtors | |||||||||
| Misc Debtors | 3,083,417 | 3,312,986 | 2,479,542 | ||||||
| Cash | 1,227,589 | 2,112,070 | 2,847,160 | ||||||
| misc current assets | 7,773 | 7,773 | 7,773 | ||||||
| total current assets | 22,011,754 | 20,915,080 | 18,628,297 | 707,654 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| total assets | 42,271,681 | 39,495,098 | 37,676,301 | 23,484,244 | 24,284,985 | 23,634,969 | 21,108,239 | 21,108,239 | 21,108,239 |
| Bank overdraft | 124,279 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 6,803,322 | 6,413,696 | 6,041,795 | ||||||
| Group/Directors Accounts | |||||||||
| other short term finances | 178,125 | 237,500 | |||||||
| hp & lease commitments | 302,259 | 314,061 | 301,013 | ||||||
| other current liabilities | 8,028,048 | 2,988,071 | 2,561,572 | ||||||
| total current liabilities | 15,257,908 | 9,893,953 | 9,141,880 | ||||||
| loans | 1,274,026 | 15,121,540 | 15,607,415 | 16,000,000 | 16,000,000 | 16,000,000 | |||
| hp & lease commitments | 608,742 | 460,623 | 384,485 | ||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 9,299,000 | 14,553,415 | 16,033,415 | 16,196,938 | |||||
| provisions | 702,183 | 740,773 | 734,393 | ||||||
| total long term liabilities | 11,883,951 | 15,754,811 | 16,240,418 | 15,607,415 | 16,033,415 | 16,196,938 | 16,000,000 | 16,000,000 | 16,000,000 |
| total liabilities | 27,141,859 | 25,648,764 | 25,382,298 | 15,607,415 | 16,033,415 | 16,196,938 | 16,000,000 | 16,000,000 | 16,000,000 |
| net assets | 15,129,822 | 13,846,334 | 12,294,003 | 7,876,829 | 8,251,570 | 7,438,031 | 5,108,239 | 5,108,239 | 5,108,239 |
| total shareholders funds | 15,129,822 | 13,846,334 | 12,294,003 | 7,876,829 | 8,251,570 | 7,438,031 | 5,108,239 | 5,108,239 | 5,108,239 |
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,919,584 | 1,936,416 | 226,891 | ||||||
| Depreciation | 1,214,294 | 1,076,250 | 982,988 | ||||||
| Amortisation | 865,197 | 865,199 | 865,199 | ||||||
| Tax | -512,643 | -305,730 | -138,247 | ||||||
| Stock | 847,536 | 1,364,356 | 5,294,577 | ||||||
| Debtors | 1,133,619 | 1,657,517 | 9,771,133 | 706,654 | 1,000 | ||||
| Creditors | 389,626 | 371,901 | 6,041,795 | ||||||
| Accruals and Deferred Income | 5,039,977 | 426,499 | 2,561,572 | ||||||
| Deferred Taxes & Provisions | -38,590 | 6,380 | 734,393 | ||||||
| Cash flow from operations | 6,896,290 | 1,355,042 | -3,791,119 | ||||||
| Investing Activities | |||||||||
| capital expenditure | -3,088,480 | -1,104,438 | -1,066,029 | ||||||
| Change in Investments | -21,260,587 | -2,858,946 | 650,016 | 2,526,730 | 21,107,239 | ||||
| cash flow from investments | -3,088,480 | -1,104,438 | 20,194,558 | ||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | -178,125 | -59,375 | 237,500 | ||||||
| Long term loans | 1,274,026 | -15,121,540 | -485,875 | 15,607,415 | -16,000,000 | 16,000,000 | |||
| Hire Purchase and Lease Commitments | 136,317 | 89,186 | 685,498 | ||||||
| other long term liabilities | -5,254,415 | 14,553,415 | -16,033,415 | -163,523 | 16,196,938 | ||||
| share issue | |||||||||
| interest | -95,816 | -78,355 | -62,907 | ||||||
| cash flow from financing | -4,118,013 | -616,669 | 4,765,168 | ||||||
| cash and cash equivalents | |||||||||
| cash | -884,481 | -735,090 | 2,847,160 | ||||||
| overdraft | 124,279 | ||||||||
| change in cash | -1,008,760 | -735,090 | 2,847,160 |
lynas foods Credit Report and Business Information
Lynas Foods Competitor Analysis
Perform a competitor analysis for lynas foods by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in BT52 area or any other competitors across 12 key performance metrics.
lynas foods Ownership
LYNAS FOODS group structure
Lynas Foods has 2 subsidiary companies.
lynas foods directors
Lynas Foods currently has 3 directors. The longest serving directors include Mr David Lynas (Dec 2004) and Mr Peter Lynas (Jan 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Lynas | Northern Ireland | 47 years | Dec 2004 | - | Director |
| Mr Peter Lynas | Northern Ireland | 49 years | Jan 2005 | - | Director |
| Mr Andrew Lynas | Northern Ireland | 43 years | Jan 2005 | - | Director |
P&L
October 2017turnover
131.6m
+13%
operating profit
1.9m
-1%
gross margin
19.1%
+1.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2017net assets
15.1m
+0.09%
total assets
42.3m
+0.07%
cash
1.2m
-0.42%
net assets
Total assets minus all liabilities
lynas foods company details
company number
NI052348
Type
Private unlimited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 2004
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2017
previous names
lynas foods limited (October 2017)
camacho limited (November 2004)
accountant
-
auditor
-
address
loughanhill industrial estate, gateside road, coleraine, londonderry, BT52 2NR
Bank
BANK OF IRELAND
Legal Advisor
-
lynas foods 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 lynas foods.
lynas foods 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 LYNAS FOODS. This can take several minutes, an email will notify you when this has completed.
lynas foods Companies House Filings - See Documents
| date | description | view/download |
|---|
