lanfine farms limited
lanfine farms limited Company Information
Company Number
SC059009
Next Accounts
36 days late
Shareholders
langford limited
Group Structure
View All
Industry
Growing of cereals (except rice), leguminous crops and oil seeds
Registered Address
third floor 2 semple street, edinburgh, EH3 8BL
Website
-lanfine farms limited Estimated Valuation
Pomanda estimates the enterprise value of LANFINE FARMS LIMITED at £21.4k based on a Turnover of £43.5k and 0.49x industry multiple (adjusted for size and gross margin).
lanfine farms limited Estimated Valuation
Pomanda estimates the enterprise value of LANFINE FARMS LIMITED at £17k based on an EBITDA of £5.2k and a 3.24x industry multiple (adjusted for size and gross margin).
lanfine farms limited Estimated Valuation
Pomanda estimates the enterprise value of LANFINE FARMS LIMITED at £88.4k based on Net Assets of £57.8k and 1.53x industry multiple (adjusted for liquidity).
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Lanfine Farms Limited Overview
Lanfine Farms Limited is a live company located in edinburgh, EH3 8BL with a Companies House number of SC059009. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in November 1975, it's largest shareholder is langford limited with a 100% stake. Lanfine Farms Limited is a mature, micro sized company, Pomanda has estimated its turnover at £43.5k with declining growth in recent years.
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Lanfine Farms Limited Health Check
Pomanda's financial health check has awarded Lanfine Farms Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £43.5k, make it smaller than the average company (£4.9m)
£43.5k - Lanfine Farms Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.7%)
-2% - Lanfine Farms Limited
6.7% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (29.9%)
30.1% - Lanfine Farms Limited
29.9% - Industry AVG
Profitability
an operating margin of 12% make it as profitable than the average company (11%)
12% - Lanfine Farms Limited
11% - Industry AVG
Employees
with 1 employees, this is below the industry average (36)
- Lanfine Farms Limited
36 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Lanfine Farms Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is less efficient (£168.6k)
- Lanfine Farms Limited
£168.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (34 days)
0 days - Lanfine Farms Limited
34 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Lanfine Farms Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 141 days, this is more than average (87 days)
141 days - Lanfine Farms Limited
87 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1177 weeks, this is more cash available to meet short term requirements (15 weeks)
1177 weeks - Lanfine Farms Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.5%, this is a lower level of debt than the average (44.1%)
3.5% - Lanfine Farms Limited
44.1% - Industry AVG
LANFINE FARMS LIMITED financials
Lanfine Farms Limited's latest turnover from April 2023 is £43.5 thousand and the company has net assets of £57.8 thousand. According to their latest financial statements, we estimate that Lanfine Farms Limited has 1 employee and maintains cash reserves of £47.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 43,537 | 35,505 | 25,744 | 46,564 | 40,641 | 25,093 | 39,331 | 30,852 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 30,422 | 24,766 | 16,284 | 31,354 | 28,697 | 16,754 | 26,817 | 27,183 | ||||||
| Gross Profit | 13,115 | 10,739 | 9,460 | 15,210 | 11,944 | 8,339 | 12,514 | 3,669 | ||||||
| Admin Expenses | 7,878 | 11,349 | 5,536 | 6,424 | 6,695 | 5,637 | 8,018 | 5,246 | ||||||
| Operating Profit | 5,237 | -610 | 3,924 | 8,786 | 5,249 | 2,702 | 4,496 | -1,577 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | 2,663 | 3,382 | 1,978 | 1,313 | 13 | 783 | ||||||
| Pre-Tax Profit | 5,237 | -610 | 6,587 | 12,168 | 7,227 | 4,015 | 4,509 | -794 | ||||||
| Tax | -913 | 0 | -1,253 | -2,312 | -1,373 | -300 | -2 | -156 | ||||||
| Profit After Tax | 4,324 | -610 | 5,334 | 9,856 | 5,854 | 3,715 | 4,507 | -950 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 4,324 | -610 | 5,334 | 9,856 | 5,854 | 3,715 | 4,507 | -950 | ||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 5,237 | -610 | 3,924 | 8,786 | 5,249 | 2,702 | 4,496 | -1,577 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 11,823 | 47,102 | 9,457 | 19,659 | 23,414 | 10,443 | 18,718 | 21,516 | 23,733 | 22,658 | 21,733 | 26,513 | 23,876 | 23,043 |
| Trade Debtors | 109 | 0 | 241 | 58,795 | 0 | 0 | 0 | 28,401 | 29,616 | 2,735 | 25,938 | 16,411 | 10,673 | 16,346 |
| Group Debtors | 0 | 0 | 0 | 100,000 | 100,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 846 | 2,301 | 1,193 | 4,582 | 2,902 | 1,540 | 1,816 | 1,572 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 47,093 | 11,914 | 609,313 | 429,470 | 482,275 | 532,553 | 581,921 | 540,556 | 559,500 | 554,876 | 543,470 | 536,878 | 535,759 | 537,005 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 59,871 | 61,317 | 620,204 | 612,506 | 608,591 | 594,536 | 602,455 | 592,045 | 612,849 | 580,269 | 591,141 | 579,802 | 570,308 | 576,394 |
| total assets | 59,871 | 61,317 | 620,204 | 612,506 | 608,591 | 594,536 | 602,455 | 592,045 | 612,849 | 580,269 | 591,141 | 579,802 | 570,308 | 576,394 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 1,169 | 3,625 | 0 | 7,478 | 296 | 10,632 | 6,074 | 27,087 | 1,681 | 9,989 | 7,496 | 3,707 | 7,688 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,079 | 6,680 | 2,501 | 3,762 | 2,225 | 1,206 | 2,504 | 1,159 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,079 | 7,849 | 6,126 | 3,762 | 9,703 | 1,502 | 13,136 | 7,233 | 27,087 | 1,681 | 9,989 | 7,496 | 3,707 | 7,688 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,079 | 7,849 | 6,126 | 3,762 | 9,703 | 1,502 | 13,136 | 7,233 | 27,087 | 1,681 | 9,989 | 7,496 | 3,707 | 7,688 |
| net assets | 57,792 | 53,468 | 614,078 | 608,744 | 598,888 | 593,034 | 589,319 | 584,812 | 585,762 | 578,588 | 581,152 | 572,306 | 566,601 | 568,706 |
| total shareholders funds | 57,792 | 53,468 | 614,078 | 608,744 | 598,888 | 593,034 | 589,319 | 584,812 | 585,762 | 578,588 | 581,152 | 572,306 | 566,601 | 568,706 |
| Apr 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,237 | -610 | 3,924 | 8,786 | 5,249 | 2,702 | 4,496 | -1,577 | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -913 | 0 | -1,253 | -2,312 | -1,373 | -300 | -2 | -156 | ||||||
| Stock | -35,279 | 37,645 | -10,202 | -3,755 | 12,971 | -8,275 | -2,798 | -2,217 | 1,075 | 925 | -4,780 | 2,637 | 833 | 23,043 |
| Debtors | -1,346 | 867 | -161,943 | 60,475 | 51,362 | 49,724 | -28,157 | 357 | 26,881 | -23,203 | 9,527 | 5,738 | -5,673 | 16,346 |
| Creditors | -1,169 | -2,456 | 3,625 | -7,478 | 7,182 | -10,336 | 4,558 | -21,013 | 25,406 | -8,308 | 2,493 | 3,789 | -3,981 | 7,688 |
| Accruals and Deferred Income | -4,601 | 4,179 | -1,261 | 1,537 | 1,019 | -1,298 | 1,345 | 1,159 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 35,179 | -37,399 | 177,180 | -56,187 | -52,256 | -50,681 | 41,352 | -19,727 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 2,663 | 3,382 | 1,978 | 1,313 | 13 | 783 | ||||||
| cash flow from financing | 0 | -560,000 | 2,663 | 3,382 | 1,978 | 1,313 | 13 | 783 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 35,179 | -597,399 | 179,843 | -52,805 | -50,278 | -49,368 | 41,365 | -18,944 | 4,624 | 11,406 | 6,592 | 1,119 | -1,246 | 537,005 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 35,179 | -597,399 | 179,843 | -52,805 | -50,278 | -49,368 | 41,365 | -18,944 | 4,624 | 11,406 | 6,592 | 1,119 | -1,246 | 537,005 |
lanfine farms limited Credit Report and Business Information
Lanfine Farms Limited Competitor Analysis
Perform a competitor analysis for lanfine farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in EH3 area or any other competitors across 12 key performance metrics.
lanfine farms limited Ownership
LANFINE FARMS LIMITED group structure
Lanfine Farms Limited has no subsidiary companies.
Ultimate parent company
LANGFORD LTD
#0039488
1 parent
LANFINE FARMS LIMITED
SC059009
lanfine farms limited directors
Lanfine Farms Limited currently has 2 directors. The longest serving directors include Ms Sarah Holt (Sep 2012) and Mrs Jane Watterson (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Sarah Holt | England | 71 years | Sep 2012 | - | Director |
| Mrs Jane Watterson | Isle Of Man | 45 years | Jan 2020 | - | Director |
P&L
April 2023turnover
43.5k
+23%
operating profit
5.2k
-959%
gross margin
30.2%
-0.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
57.8k
+0.08%
total assets
59.9k
-0.02%
cash
47.1k
+2.95%
net assets
Total assets minus all liabilities
lanfine farms limited company details
company number
SC059009
Type
Private limited with Share Capital
industry
01110 - Growing of cereals (except rice), leguminous crops and oil seeds
incorporation date
November 1975
age
50
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
EDWARDS & HARTLEY
auditor
-
address
third floor 2 semple street, edinburgh, EH3 8BL
Bank
-
Legal Advisor
-
lanfine farms 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 did not find charges/mortgages relating to lanfine farms limited.
lanfine farms 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.
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lanfine farms limited Companies House Filings - See Documents
| date | description | view/download |
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