Pomanda estimates the enterprise value of LAGAN HOMES GROUP LTD at £102.1m based on a Turnover of £130.6m and 0.78x industry multiple (adjusted for size and gross margin).
lagan homes group ltdEstimated Valuation
£69.7m
Pomanda estimates the enterprise value of LAGAN HOMES GROUP LTD at £69.7m based on an EBITDA of £11.3m and a 6.19x industry multiple (adjusted for size and gross margin).
lagan homes group ltdEstimated Valuation
£133.7m
Pomanda estimates the enterprise value of LAGAN HOMES GROUP LTD at £133.7m based on Net Assets of £63.5m and 2.11x industry multiple (adjusted for liquidity).
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Lagan Homes Group LtdOverview
Lagan Homes Group Ltd is a live company located in belfast, BT1 3BG with a Companies House number of NI628016. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2014, it's largest shareholder is
jp kevin lagan
with a 50% stake. Lagan Homes Group Ltd is a established,
mega sized company, Pomanda has estimated its turnover at
£130.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Lagan Homes Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £130.6m, make it larger than the average company (£20.2m)
£130.6m - Lagan Homes Group Ltd
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.4%)
11% - Lagan Homes Group Ltd
7.4% - Industry AVG
Production
with a gross margin of 13.3%, this company has a higher cost of product (33.7%)
13.3% - Lagan Homes Group Ltd
33.7% - Industry AVG
Profitability
an operating margin of 7.7% make it more profitable than the average company (5.8%)
7.7% - Lagan Homes Group Ltd
5.8% - Industry AVG
Employees
with 124 employees, this is similar to the industry average (110)
124 - Lagan Homes Group Ltd
110 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has a lower pay structure (£49.9k)
£33.8k - Lagan Homes Group Ltd
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£204.5k)
£1.1m - Lagan Homes Group Ltd
£204.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (45 days)
5 days - Lagan Homes Group Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (42 days)
33 days - Lagan Homes Group Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 384 days, this is more than average (48 days)
384 days - Lagan Homes Group Ltd
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is average cash available to meet short term requirements (15 weeks)
16 weeks - Lagan Homes Group Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.9%, this is a higher level of debt than the average (55.6%)
64.9% - Lagan Homes Group Ltd
55.6% - Industry AVG
LAGAN HOMES GROUP LTD financials
EXPORT
Lagan Homes Group Ltd's latest turnover from December 2023 is £130.6 million and the company has net assets of £63.5 million. According to their latest financial statements, Lagan Homes Group Ltd has 124 employees and maintains cash reserves of £17 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Jun 2015
Turnover
130,556,987
132,623,961
98,900,199
95,413,565
77,464,802
60,581,703
43,329,704
34,884,820
18,156,865
15,011,602
Other Income Or Grants
Cost Of Sales
113,172,378
116,719,140
86,289,307
85,614,513
68,865,528
51,013,144
34,961,469
29,762,367
14,539,673
11,693,157
Gross Profit
17,384,609
15,904,821
12,610,892
9,799,052
8,599,274
9,568,559
8,368,235
5,122,453
3,617,192
3,318,445
Admin Expenses
7,273,700
7,346,703
6,249,762
3,956,208
5,955,915
6,311,515
2,271,496
307,162
1,112,462
1,836,167
Operating Profit
10,110,909
8,558,118
6,361,130
5,842,844
2,643,359
3,257,044
6,096,739
4,815,291
2,504,730
1,482,278
Interest Payable
6,615,775
4,206,849
1,489,652
1,651,310
1,637,693
561,606
284,937
464,822
322,276
495,385
Interest Receivable
9,859
3,546
144
1,986
47,419
2
Pre-Tax Profit
4,839,383
6,725,429
7,361,535
6,157,826
3,181,682
4,565,564
5,818,260
4,409,972
2,153,958
1,040,809
Tax
-1,043,977
-1,105,340
-816,568
-1,093,256
-1,005,320
-512,882
-656,786
-71,607
-12,540
Profit After Tax
3,795,406
5,620,089
6,544,967
5,064,570
2,176,362
4,052,682
5,161,474
4,338,365
2,141,418
1,040,809
Dividends Paid
750,000
757,558
750,000
750,000
8,500
Retained Profit
3,045,406
4,862,531
5,793,766
4,312,394
2,176,321
4,052,448
5,160,088
4,336,528
2,130,888
1,040,809
Employee Costs
4,194,564
3,290,581
3,947,361
3,185,874
3,282,614
3,967,369
768,879
570,020
308,412
330,486
Number Of Employees
124
117
108
86
84
92
21
23
28
28
EBITDA*
11,266,362
9,698,243
7,421,783
6,935,197
3,815,099
4,528,333
6,841,855
4,872,552
2,543,443
1,515,383
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Jun 2015
Tangible Assets
1,347,586
874,978
901,936
592,623
738,012
1,563,040
1,243,241
70,391
122,642
153,256
Intangible Assets
1,665,856
2,453,539
3,241,222
4,029,085
4,816,948
5,604,811
6,282,858
Investments & Other
18,250,290
16,971,378
15,138,748
10,812,661
8,695,284
6,632,972
4,796,206
1,689,378
2,164,951
2,342,262
Debtors (Due After 1 year)
604,974
639,581
818,940
1,802,062
2,534,360
3,553,076
Total Fixed Assets
21,263,732
20,299,895
19,281,906
16,039,343
14,889,825
14,619,763
14,124,367
4,294,129
5,840,669
2,495,518
Stock & work in progress
119,163,182
110,776,653
106,204,766
68,877,965
76,547,318
57,216,905
27,045,317
15,806,089
19,814,833
24,570,249
Trade Debtors
1,943,289
1,523,691
2,087,296
1,273,136
1,771,129
983,512
755,646
1,437,866
1,118,232
6,421,449
Group Debtors
16,820,643
19,422,225
20,702,465
22,301,605
22,272,330
17,878,065
19,325,171
2,483,346
145,365
92,044
Misc Debtors
4,756,687
2,000,959
2,085,749
1,827,582
917,040
1,063,454
2,537,071
471,463
672,870
925,819
Cash
17,044,702
18,714,750
17,242,450
27,705,729
8,736,486
7,304,336
7,438,609
3,348,864
1,866,784
789,886
misc current assets
total current assets
159,728,503
152,438,278
148,322,726
121,986,017
110,244,303
84,446,272
57,101,814
23,547,628
23,618,084
32,799,447
total assets
180,992,235
172,738,173
167,604,632
138,025,360
125,134,128
99,066,035
71,226,181
27,841,757
29,458,753
35,294,965
Bank overdraft
20,133,415
6,087,207
7,601,816
4,862,884
852,450
9,708,594
11,883,286
2,445,093
6,327,058
Bank loan
7,441,485
Trade Creditors
10,485,578
13,573,572
10,966,292
10,975,313
12,305,893
9,330,327
6,803,004
3,922,276
2,750,704
4,272,548
Group/Directors Accounts
4,552,565
3,613,792
609,324
466,432
1,022,352
26,878,491
24,478,069
952,239
1,618,729
2,229,880
other short term finances
hp & lease commitments
149,065
82,968
119,569
106,453
169,023
362,112
283,591
11,178
38,057
49,639
other current liabilities
17,341,769
13,605,164
15,611,430
10,492,218
6,323,053
3,451,547
5,673,080
1,087,148
967,188
920,507
total current liabilities
52,662,392
36,962,703
34,908,431
26,903,300
20,672,771
49,731,071
49,121,030
8,417,934
11,701,736
14,914,059
loans
64,398,462
75,390,811
77,126,138
61,583,747
58,343,590
46,703,568
23,615,864
27,295,626
29,913,132
34,688,274
hp & lease commitments
243,282
44,892
83,199
95,278
160,616
582,400
564,092
11,075
27,218
Accruals and Deferred Income
other liabilities
17,602
7,995
166,811
provisions
199,653
118,564
99,060
39,432
19,203
30,911
42,978
total long term liabilities
64,858,999
75,562,262
77,475,208
61,718,457
58,523,409
47,316,879
24,179,956
27,295,626
29,967,185
34,715,492
total liabilities
117,521,391
112,524,965
112,383,639
88,621,757
79,196,180
97,047,950
73,300,986
35,713,560
41,668,921
49,629,551
net assets
63,470,844
60,213,208
55,214,108
49,397,919
45,934,440
2,014,536
-2,078,120
-7,873,732
-12,210,260
-14,341,148
total shareholders funds
63,470,844
60,213,208
55,214,108
49,397,919
45,934,440
2,014,536
-2,078,120
-7,873,732
-12,210,260
-14,341,148
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Jun 2015
Operating Activities
Operating Profit
10,110,909
8,558,118
6,361,130
5,842,844
2,643,359
3,257,044
6,096,739
4,815,291
2,504,730
1,482,278
Depreciation
367,770
352,442
272,790
304,490
383,877
483,426
47,021
57,261
38,713
33,105
Amortisation
787,683
787,683
787,863
787,863
787,863
787,863
698,095
Tax
-1,043,977
-1,105,340
-816,568
-1,093,256
-1,005,320
-512,882
-656,786
-71,607
-12,540
Stock
8,386,529
4,571,887
37,326,801
-7,669,353
19,330,413
30,171,588
11,239,228
-4,008,744
19,814,833
24,570,249
Debtors
573,744
-1,928,635
-1,131,787
407,217
4,856,109
-3,675,979
17,492,915
1,437,492
5,489,543
7,439,312
Creditors
-3,087,994
2,607,280
-9,021
-1,330,580
2,975,566
2,527,323
2,880,728
1,171,572
2,750,704
4,272,548
Accruals and Deferred Income
3,736,605
-2,006,266
5,119,212
4,169,165
2,871,506
-2,221,533
4,585,932
119,960
967,188
920,507
Deferred Taxes & Provisions
81,089
19,504
59,628
20,229
-11,708
30,911
-42,978
42,978
Cash flow from operations
1,991,812
6,570,169
-24,419,980
15,962,891
-15,541,379
-22,143,457
-15,080,414
8,620,751
-19,012,603
-25,301,123
Investing Activities
capital expenditure
-1,125,037
-2,378,233
527,428
136,893
-27,453,363
Change in Investments
1,278,912
1,832,630
4,326,087
2,117,377
2,062,312
1,836,766
3,106,828
-475,573
2,164,951
2,342,262
cash flow from investments
-1,278,912
-1,832,630
-4,326,087
-2,117,377
-2,062,312
-2,961,803
-5,485,061
1,003,001
-2,028,058
-29,795,625
Financing Activities
Bank loans
7,441,485
Group/Directors Accounts
938,773
3,004,468
142,892
-555,920
-25,856,139
2,400,422
23,525,830
-666,490
1,618,729
2,229,880
Other Short Term Loans
Long term loans
-10,992,349
-1,735,327
15,542,391
3,240,157
11,640,022
23,087,704
-3,679,762
-2,617,506
29,913,132
34,688,274
Hire Purchase and Lease Commitments
264,487
-74,908
1,037
-127,908
-614,873
96,829
836,505
-37,954
49,132
76,857
other long term liabilities
9,607
-158,816
166,811
share issue
212,230
136,569
22,423
-848,915
41,743,583
40,208
635,524
-14,341,148
-15,381,957
interest
-6,605,916
-4,203,303
-1,489,652
-1,651,310
-1,637,549
-559,620
-284,937
-417,403
-322,274
-495,385
cash flow from financing
-16,173,168
-3,031,317
14,385,902
56,104
25,275,044
25,065,543
21,033,160
-3,739,353
16,917,571
28,559,154
cash and cash equivalents
cash
-1,670,048
1,472,300
-10,463,279
18,969,243
1,432,150
-134,273
4,089,745
1,482,080
1,866,784
789,886
overdraft
14,046,208
-1,514,609
2,738,932
4,010,434
-8,856,144
-2,174,692
9,438,193
-3,881,965
6,327,058
change in cash
-15,716,256
2,986,909
-13,202,211
14,958,809
10,288,294
2,040,419
-5,348,448
5,364,045
-4,460,274
789,886
lagan homes group ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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lagan homes group ltd Ownership
LAGAN HOMES GROUP LTD group structure
Lagan Homes Group Ltd has no subsidiary companies.
Ultimate parent company
LAGAN HOMES GROUP LTD
NI628016
LAGAN HOMES GROUP LTD Shareholders
The largest shareholders in Lagan Homes Group Ltd include Jp Kevin Lagan and Suzanne Lagan.
jp kevin lagan
50%
suzanne lagan
10%
nicola mccullouch
10%
julie mccrory
10%
john lagan
10%
peter lagan
10%
lagan homes group ltd directors
Lagan Homes Group Ltd currently has 11 directors.
The longest serving directors include
Mr Sean McCann (As Trustee) (Nov 2015) and
Mr John Lagan (Nov 2015).
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 lagan homes group ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
lagan homes group ltd 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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lagan homes group ltdCompanies House Filings - See Documents
