Lokring Europe Limited

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lokring europe limited Company Information

Live

EstablishedSmallRapid

Company Number

SC279780

Website

lokring.com

Registered Address

20 wellington square, ayr, ayrshire, KA7 1EZ

Industry

Agents specialised in the sale of other particular products

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

William Lennon19 Years

Shareholders

concord capital corp 100%

lokring europe limited Estimated Valuation

£8.4m

Pomanda estimates the enterprise value of LOKRING EUROPE LIMITED at £8.4m based on Net Assets of £6.5m and 1.28x industry multiple (adjusted for liquidity).

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Lokring Europe Limited is a live company located in ayrshire, KA7 1EZ with a Companies House number of SC279780. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in February 2005, it's largest shareholder is concord capital corp with a 100% stake. Lokring Europe Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Lokring Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (7.9%)

EXPORT

Lokring Europe Limited's latest turnover from December 2023 is estimated at £4.5 million and the company has net assets of £6.5 million. According to their latest financial statements, Lokring Europe Limited has 1 employee and maintains cash reserves of £295.6 thousand 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,455,318	4,556,674	3,075,982	1,274,119	2,221,562	3,040,336	3,487,653	3,549,142	2,117,788	5,272,585	4,574,862	3,531,528	2,222,195	2,980,301	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,207,759	3,276,334	2,234,814	933,440	1,632,980	2,233,713	2,058,285	2,041,908	1,559,834	3,925,826	3,422,733	2,660,912	1,663,545	2,223,077	0
Gross Profit	1,247,559	1,280,340	841,167	340,679	588,582	806,622	1,429,368	1,507,234	557,954	1,346,759	1,152,129	870,616	558,650	757,224	0
Admin Expenses	5,258	349,356	140,399	-27,141	287,761	304,108	1,031,841	1,118,493	371,900	1,050,568	538,813	382,677	332,832	594,755	-567,389
Operating Profit	1,242,301	930,984	700,768	367,820	300,821	502,514	397,527	388,741	186,054	296,191	613,316	487,939	225,818	162,469	567,389
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,132	9,713	337	229	1,145	821	0	0	243	430	656	440	144	171	61
Pre-Tax Profit	1,261,433	940,698	701,105	368,049	301,965	503,336	397,527	388,741	186,298	296,620	613,971	488,379	225,962	162,640	567,450
Tax	-315,358	-178,733	-133,210	-69,929	-57,373	-95,634	-83,206	-73,101	-37,259	-62,290	-141,213	-117,211	-58,750	-45,539	-158,886
Profit After Tax	946,075	761,965	567,895	298,120	244,592	407,702	314,321	315,640	149,038	234,330	472,758	371,168	167,212	117,101	408,564
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	946,075	761,965	567,895	298,120	244,592	407,702	314,321	315,640	149,038	234,330	472,758	371,168	167,212	117,101	408,564
Employee Costs	59,099	53,634	51,939	48,108	98,554	93,547	40,434	48,743	320,207	789,179	673,485	513,000	328,227	485,361	0
Number Of Employees	1	1	1	1	2	2	2	2	7	18	16	12	8	12	0
EBITDA*	1,242,301	930,984	700,768	367,820	300,821	502,514	397,527	388,741	186,054	296,191	613,316	487,939	225,818	162,469	567,389

* 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	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	0
Investments & Other	0	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	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	47,073	34,186	35,637	23,597	125,456	1,525,704	960,115	707,777	597,655	395,223	476,358	364,491	327,002	310,751	344,939
Trade Debtors	1,244,058	1,311,867	854,857	361,955	596,041	366,710	233,235	245,636	236,469	1,493,617	1,151,450	805,747	535,179	622,880	148,031
Group Debtors	5,455,939	4,149,618	3,540,052	3,601,971	2,916,863	1,764,578	1,602,300	1,837,150	1,313,287	0	0	0	0	0	0
Misc Debtors	0	0	11,075	9,975	0	0	69,615	97,249	24,083	0	0	0	0	0	0
Cash	295,586	469,706	85,347	184,001	274,383	30,849	188,198	101,051	25,157	72,236	99,567	162,654	13,320	44,204	24,294
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,042,656	5,965,377	4,526,968	4,181,499	3,912,743	3,687,841	3,053,463	2,988,863	2,196,651	1,961,076	1,727,375	1,332,892	875,501	977,835	517,264
total assets	7,042,656	5,965,377	4,526,968	4,181,499	3,912,743	3,687,841	3,053,463	2,988,863	2,196,651	1,961,076	1,727,375	1,332,892	875,501	977,835	517,264
Bank overdraft	0	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	0
Trade Creditors	0	0	0	0	0	0	0	0	0	61,440	152,256	209,644	91,740	361,868	28,456
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	499,675	396,694	166,753	103,805	130,801	129,785	87,547	85,994	41,295	0	0	0	0	0	0
total current liabilities	499,675	396,694	166,753	103,805	130,801	129,785	87,547	85,994	41,295	61,440	152,256	209,644	91,740	361,868	28,456
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	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	0
total liabilities	499,675	396,694	166,753	103,805	130,801	129,785	87,547	85,994	41,295	61,440	152,256	209,644	91,740	361,868	28,456
net assets	6,542,981	5,568,683	4,360,215	4,077,694	3,781,942	3,558,056	2,965,916	2,902,869	2,155,356	1,899,636	1,575,119	1,123,248	783,761	615,967	488,808
total shareholders funds	6,542,981	5,568,683	4,360,215	4,077,694	3,781,942	3,558,056	2,965,916	2,902,869	2,155,356	1,899,636	1,575,119	1,123,248	783,761	615,967	488,808

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,242,301	930,984	700,768	367,820	300,821	502,514	397,527	388,741	186,054	296,191	613,316	487,939	225,818	162,469	567,389
Depreciation	0	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	0
Tax	-315,358	-178,733	-133,210	-69,929	-57,373	-95,634	-83,206	-73,101	-37,259	-62,290	-141,213	-117,211	-58,750	-45,539	-158,886
Stock	12,887	-1,451	12,040	-101,859	-1,400,248	565,589	252,338	110,122	202,432	-81,135	111,867	37,489	16,251	-34,188	344,939
Debtors	1,238,512	1,055,501	432,083	460,997	1,381,616	226,138	-274,885	606,196	80,222	342,167	345,703	270,568	-87,701	474,849	148,031
Creditors	0	0	0	0	0	0	0	0	-61,440	-90,816	-57,388	117,904	-270,128	333,412	28,456
Accruals and Deferred Income	102,981	229,941	62,948	-26,996	1,016	42,238	1,553	44,699	41,295	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-221,475	-71,858	186,383	-88,243	263,096	-342,609	338,421	-355,979	-154,004	-117,947	-42,855	180,575	-31,610	9,681	-56,011
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	28,223	446,503	-285,374	-2,368	-20,706	184,438	-251,274	431,873	106,682	90,187	-20,887	-31,681	582	10,058	80,244
interest	19,132	9,713	337	229	1,145	821	0	0	243	430	656	440	144	171	61
cash flow from financing	47,355	456,216	-285,037	-2,139	-19,561	185,259	-251,274	431,873	106,925	90,617	-20,231	-31,241	726	10,229	80,305
cash and cash equivalents
cash	-174,120	384,359	-98,654	-90,382	243,534	-157,349	87,147	75,894	-47,079	-27,331	-63,087	149,334	-30,884	19,910	24,294
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-174,120	384,359	-98,654	-90,382	243,534	-157,349	87,147	75,894	-47,079	-27,331	-63,087	149,334	-30,884	19,910	24,294

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOKRING EUROPE LIMITED group structure

Lokring Europe Limited has no subsidiary companies.

Ultimate parent company

LOKRING LLC

#0118700

CONCORD CAPITAL CORP

#0052242

2 parents

LOKRING EUROPE LIMITED

SC279780

LOKRING EUROPE LIMITED Shareholders

concord capital corp

100%

Lokring Europe Limited currently has 1 director, Mr William Lennon serving since Feb 2005.

officer	country	age	start	end	role
Mr William Lennon	United States	58 years	Feb 2005	-	Director

P&L

December 2023

turnover

4.5m

-2%

operating profit

1.2m

gross margin

28.1%

-0.34%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

6.5m

+0.17%

total assets

+0.18%

cash

295.6k

-0.37%

net assets

Total assets minus all liabilities

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company number

SC279780

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

February 2005

age

accounts

Total Exemption Full

ultimate parent company

LOKRING LLC

previous names

N/A

incorporated

address

20 wellington square, ayr, ayrshire, KA7 1EZ

last accounts submitted

December 2023

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 lokring europe limited.

lokring europe limited Company Information

lokring europe limited Estimated Valuation

lokring europe limited Estimated Valuation

lokring europe limited Estimated Valuation

Lokring Europe Limited Overview

Lokring Europe Limited Health Check

LOKRING EUROPE LIMITED financials

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lokring europe limited directors

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