lothian electric machines no.2 limited
lothian electric machines no.2 limited Company Information
Company Number
SC382393
Website
http://lemac.comRegistered Address
1 hospital road, haddington, east lothian, EH41 3PD
Industry
Manufacture of electric motors, generators and transformers
Telephone
01620828700
Next Accounts Due
June 2024
Group Structure
View All
Directors
Andrew Burgess2 Years
Shareholders
morgan fraser trustees ltd 100%
lothian electric machines no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOTHIAN ELECTRIC MACHINES NO.2 LIMITED at £46.8m based on a Turnover of £48.3m and 0.97x industry multiple (adjusted for size and gross margin).
lothian electric machines no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOTHIAN ELECTRIC MACHINES NO.2 LIMITED at £11.4m based on an EBITDA of £1.7m and a 6.74x industry multiple (adjusted for size and gross margin).
lothian electric machines no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of LOTHIAN ELECTRIC MACHINES NO.2 LIMITED at £30.1m based on Net Assets of £12.5m and 2.4x industry multiple (adjusted for liquidity).
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Lothian Electric Machines No.2 Limited Overview
Lothian Electric Machines No.2 Limited is a live company located in east lothian, EH41 3PD with a Companies House number of SC382393. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in July 2010, it's largest shareholder is morgan fraser trustees ltd with a 100% stake. Lothian Electric Machines No.2 Limited is a established, large sized company, Pomanda has estimated its turnover at £48.3m with declining growth in recent years.
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Lothian Electric Machines No.2 Limited Health Check
Pomanda's financial health check has awarded Lothian Electric Machines No.2 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £48.3m, make it larger than the average company (£15.5m)
£48.3m - Lothian Electric Machines No.2 Limited
£15.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (1.3%)
-1% - Lothian Electric Machines No.2 Limited
1.3% - Industry AVG
Production
with a gross margin of 6.4%, this company has a higher cost of product (24.4%)
6.4% - Lothian Electric Machines No.2 Limited
24.4% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (3.2%)
2.1% - Lothian Electric Machines No.2 Limited
3.2% - Industry AVG
Employees
with 196 employees, this is above the industry average (103)
196 - Lothian Electric Machines No.2 Limited
103 - Industry AVG
Pay Structure
on an average salary of £27k, the company has a lower pay structure (£43k)
£27k - Lothian Electric Machines No.2 Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £246.5k, this is more efficient (£150.3k)
£246.5k - Lothian Electric Machines No.2 Limited
£150.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (62 days)
0 days - Lothian Electric Machines No.2 Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (45 days)
21 days - Lothian Electric Machines No.2 Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 124 days, this is more than average (90 days)
124 days - Lothian Electric Machines No.2 Limited
90 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)
5 weeks - Lothian Electric Machines No.2 Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34%, this is a lower level of debt than the average (54.6%)
34% - Lothian Electric Machines No.2 Limited
54.6% - Industry AVG
LOTHIAN ELECTRIC MACHINES NO.2 LIMITED financials
Lothian Electric Machines No.2 Limited's latest turnover from September 2022 is £48.3 million and the company has net assets of £12.5 million. According to their latest financial statements, Lothian Electric Machines No.2 Limited has 196 employees and maintains cash reserves of £678.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,311,296 | 52,000,700 | 44,274,768 | 49,924,515 | 49,637,372 | 43,972,814 | 47,622,954 | 38,290,915 | 36,203,203 | 31,512,592 | 27,613,044 | 25,936,291 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 45,211,202 | 43,627,346 | 37,971,617 | 42,973,307 | 41,946,311 | 38,149,447 | 41,660,076 | 33,269,254 | 31,800,004 | 29,096,312 | 25,396,522 | 23,561,039 |
| Gross Profit | 3,100,094 | 8,373,354 | 6,303,151 | 6,951,208 | 7,691,061 | 5,823,367 | 5,962,878 | 5,021,661 | 4,403,199 | 2,416,280 | 2,216,522 | 2,375,252 |
| Admin Expenses | 2,064,281 | 1,499,213 | 1,802,703 | 1,531,253 | 1,280,010 | 1,282,639 | 1,684,503 | 2,106,609 | 1,926,905 | 1,919,708 | 2,027,703 | 1,528,209 |
| Operating Profit | 1,035,813 | 6,874,141 | 4,500,448 | 5,419,955 | 6,411,051 | 4,540,728 | 4,278,375 | 2,915,052 | 2,476,294 | 496,572 | 188,819 | 847,043 |
| Interest Payable | 37,116 | 66,000 | 70,000 | 80,000 | 86,000 | 107,000 | 170,013 | 250,000 | 449,000 | 418,000 | 486,000 | 485,555 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 358,002 | 329,000 | 452,014 | 341,000 |
| Pre-Tax Profit | 998,697 | 6,808,141 | 4,430,448 | 5,339,955 | 6,325,051 | 4,433,728 | 4,108,388 | 2,665,052 | 2,385,296 | 407,572 | 154,833 | 702,488 |
| Tax | -72,606 | -1,359,181 | -684,417 | -932,852 | -1,172,715 | -813,399 | -756,880 | -448,823 | 22,003 | 185,035 | 81,132 | -838,014 |
| Profit After Tax | 926,091 | 5,448,960 | 3,746,031 | 4,407,103 | 5,152,336 | 3,620,329 | 3,351,508 | 2,216,229 | 2,407,299 | 592,607 | 235,965 | -135,526 |
| Dividends Paid | 0 | 0 | 8,608,973 | 1,255,010 | 2,500,000 | 3,305,816 | 3,000,000 | 0 | 0 | 0 | 0 | 24,000 |
| Retained Profit | 926,091 | 5,448,960 | -4,862,942 | 3,152,093 | 2,652,336 | 314,513 | 351,508 | 2,216,229 | 2,407,299 | 592,607 | 235,965 | -159,526 |
| Employee Costs | 5,300,454 | 5,010,177 | 4,462,975 | 4,696,535 | 4,636,855 | 4,547,268 | 6,294,802 | 5,616,493 | 5,172,102 | 4,855,515 | 4,379,115 | 4,305,502 |
| Number Of Employees | 196 | 195 | 190 | 194 | 199 | 203 | 239 | 281 | 270 | 258 | 249 | 255 |
| EBITDA* | 1,686,866 | 7,506,101 | 5,111,991 | 5,997,799 | 6,974,876 | 5,099,192 | 4,916,749 | 3,444,625 | 2,959,058 | 994,129 | 608,343 | 1,227,890 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,857,669 | 2,067,846 | 1,989,499 | 2,139,315 | 2,280,108 | 2,342,065 | 2,490,114 | 3,056,534 | 2,702,060 | 2,159,880 | 2,286,653 | 2,103,524 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,779 | -18,779 | -18,779 | -18,779 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,857,669 | 2,067,846 | 1,989,499 | 2,139,315 | 2,280,108 | 2,342,065 | 2,490,114 | 3,056,534 | 2,683,281 | 2,141,101 | 2,267,874 | 2,084,745 |
| Stock & work in progress | 15,379,202 | 9,387,948 | 7,790,525 | 8,862,651 | 8,704,998 | 7,102,668 | 4,944,846 | 4,076,544 | 3,808,747 | 2,925,332 | 2,478,606 | 3,423,770 |
| Trade Debtors | 49,766 | 2,961,828 | 890,668 | 3,838,430 | 4,179 | 11,310 | 22,520 | 1,277,424 | 934,549 | 1,125,102 | 493,492 | 969,181 |
| Group Debtors | 14,950 | 0 | 0 | 0 | 2,587,806 | 1,351,398 | 29,913 | 2,132,914 | 1,191,572 | 38,195 | 478 | 99,361 |
| Misc Debtors | 960,501 | 471,020 | 1,054,561 | 793,872 | 545,161 | 905,021 | 1,089,593 | 375,992 | 346,037 | 457,598 | 296,472 | 304,604 |
| Cash | 678,295 | 3,859,870 | 6,224,605 | 2,329,682 | 427,423 | 322,188 | 3,758,181 | 411,122 | 330,464 | 135,402 | 1,432,257 | 881,356 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,082,714 | 16,680,666 | 15,960,359 | 15,824,635 | 12,269,567 | 9,692,585 | 9,845,053 | 8,273,996 | 6,611,369 | 4,681,629 | 4,701,305 | 5,678,272 |
| total assets | 18,940,383 | 18,748,512 | 17,949,858 | 17,963,950 | 14,549,675 | 12,034,650 | 12,335,167 | 11,330,530 | 9,294,650 | 6,822,730 | 6,969,179 | 7,763,017 |
| Bank overdraft | 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 |
| Trade Creditors | 2,602,361 | 1,860,501 | 1,613,792 | 1,321,726 | 2,329,843 | 2,413,585 | 2,267,956 | 1,694,653 | 2,036,314 | 2,022,265 | 1,341,290 | 2,862,352 |
| Group/Directors Accounts | 711,969 | 1,830 | 539 | 900 | 18,458 | 12,183 | 2,545 | 0 | 30,526 | 867,269 | 2,294,980 | 1,381,564 |
| other short term finances | 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 |
| other current liabilities | 2,754,478 | 4,441,995 | 8,672,061 | 4,357,596 | 3,020,399 | 2,680,082 | 2,735,792 | 3,151,873 | 2,802,377 | 1,152,695 | 563,493 | 888,000 |
| total current liabilities | 6,068,808 | 6,304,326 | 10,286,392 | 5,680,222 | 5,368,700 | 5,105,850 | 5,006,293 | 4,846,526 | 4,869,217 | 4,042,229 | 4,199,763 | 5,131,916 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 361,798 | 0 | 0 | 0 | 0 | 0 | 0 | 275,438 | 202,086 | 177,837 | 212,874 | 236,326 |
| total long term liabilities | 361,798 | 2,070,000 | 4,746,000 | 4,318,000 | 3,020,000 | 3,492,000 | 5,044,000 | 3,760,238 | 3,376,486 | 1,310,605 | 857,127 | 531,586 |
| total liabilities | 6,430,606 | 8,374,326 | 15,032,392 | 9,998,222 | 8,388,700 | 8,597,850 | 10,050,293 | 8,606,764 | 8,245,703 | 5,352,834 | 5,056,890 | 5,663,502 |
| net assets | 12,509,777 | 10,374,186 | 2,917,466 | 7,965,728 | 6,160,975 | 3,436,800 | 2,284,874 | 2,723,766 | 1,048,947 | 1,469,896 | 1,912,289 | 2,099,515 |
| total shareholders funds | 12,509,777 | 10,374,186 | 2,917,466 | 7,965,728 | 6,160,975 | 3,436,800 | 2,284,874 | 2,723,766 | 1,048,947 | 1,469,896 | 1,912,289 | 2,099,515 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 1,035,813 | 6,874,141 | 4,500,448 | 5,419,955 | 6,411,051 | 4,540,728 | 4,278,375 | 2,915,052 | 2,476,294 | 496,572 | 188,819 | 847,043 |
| Depreciation | 651,053 | 631,960 | 611,543 | 577,844 | 563,825 | 558,464 | 638,374 | 529,573 | 482,764 | 497,557 | 419,524 | 380,847 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -72,606 | -1,359,181 | -684,417 | -932,852 | -1,172,715 | -813,399 | -756,880 | -448,823 | 22,003 | 185,035 | 81,132 | -838,014 |
| Stock | 5,991,254 | 1,597,423 | -1,072,126 | 157,653 | 1,602,330 | 2,157,822 | 868,302 | 267,797 | 883,415 | 446,726 | -945,164 | 3,423,770 |
| Debtors | -2,407,631 | 1,487,619 | -2,687,073 | 1,495,156 | 869,417 | 1,125,703 | -2,644,304 | 1,314,172 | 851,263 | 830,453 | -582,704 | 1,373,146 |
| Creditors | 741,860 | 246,709 | 292,066 | -1,008,117 | -83,742 | 145,629 | 573,303 | -341,661 | 14,049 | 680,975 | -1,521,062 | 2,862,352 |
| Accruals and Deferred Income | -1,687,517 | -4,230,066 | 4,314,465 | 1,337,197 | 340,317 | -55,710 | -416,081 | 349,496 | 1,649,682 | 589,202 | -324,507 | 888,000 |
| Deferred Taxes & Provisions | 361,798 | 0 | 0 | 0 | 0 | 0 | -275,438 | 73,352 | 24,249 | -35,037 | -23,452 | 236,326 |
| Cash flow from operations | -2,553,222 | -921,479 | 12,793,304 | 3,741,218 | 3,586,989 | 1,092,187 | 5,817,655 | 1,495,020 | 2,934,363 | 1,137,125 | 348,322 | -420,362 |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -513,544 | -377,473 | 16,242 | -912,495 | -1,117,146 | -368,814 | -602,653 | -97,072 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -513,544 | -377,473 | 16,242 | -912,495 | -1,117,146 | -368,814 | -602,653 | -97,072 |
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 710,139 | 1,291 | -361 | -17,558 | 6,275 | 9,638 | 2,545 | -30,526 | -836,743 | -1,427,711 | 913,416 | 1,381,564 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | -37,116 | -66,000 | -70,000 | -80,000 | -86,000 | -107,000 | -170,013 | -250,000 | -90,998 | -89,000 | -33,986 | -144,555 |
| cash flow from financing | 1,882,523 | 1,943,051 | -255,681 | -1,444,898 | -7,886 | 740,051 | -957,868 | -821,936 | -3,755,989 | -2,551,711 | 456,239 | 3,496,050 |
| cash and cash equivalents | ||||||||||||
| cash | -3,181,575 | -2,364,735 | 3,894,923 | 1,902,259 | 105,235 | -3,435,993 | 3,347,059 | 80,658 | 195,062 | -1,296,855 | 550,901 | 881,356 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,181,575 | -2,364,735 | 3,894,923 | 1,902,259 | 105,235 | -3,435,993 | 3,347,059 | 80,658 | 195,062 | -1,296,855 | 550,901 | 881,356 |
lothian electric machines no.2 limited Credit Report and Business Information
Lothian Electric Machines No.2 Limited Competitor Analysis
Perform a competitor analysis for lothian electric machines no.2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lothian electric machines no.2 limited Ownership
LOTHIAN ELECTRIC MACHINES NO.2 LIMITED group structure
Lothian Electric Machines No.2 Limited has 1 subsidiary company.
Ultimate parent company
LOTHIAN ELECTRIC MACHINES NO.2 LIMITED
SC382393
1 subsidiary
lothian electric machines no.2 limited directors
Lothian Electric Machines No.2 Limited currently has 1 director, Mr Andrew Burgess serving since Nov 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Burgess | 54 years | Nov 2021 | - | Director |
P&L
September 2022turnover
48.3m
-7%
operating profit
1m
-85%
gross margin
6.5%
-60.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
12.5m
+0.21%
total assets
18.9m
+0.01%
cash
678.3k
-0.82%
net assets
Total assets minus all liabilities
lothian electric machines no.2 limited company details
company number
SC382393
Type
Private limited with Share Capital
industry
27110 - Manufacture of electric motors, generators and transformers
incorporation date
July 2010
age
14
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
1 hospital road, haddington, east lothian, EH41 3PD
last accounts submitted
September 2022
lothian electric machines no.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 did not find charges/mortgages relating to lothian electric machines no.2 limited.
lothian electric machines no.2 limited Companies House Filings - See Documents
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