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Lantern recovery specialists plc
Registration Number
02186762Incorporation Date
02/11/1987Last Annual Return
Not availableAddress
Lantern House, 39-41 High Street, Potters Bar, Hertfordshire. EN6 5AJ
Website
www.lanternrecovery.orgAudit Fees
£16,000Secretary
Mr Craig Coleman
Directors
Active
Mr Craig Coleman
Active
Mr Raymond Michael Coleman (68 yrs)
Active
Mr Lee Coleman (47 yrs)
Active
Mr Ryan Coleman (42 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 9911 | 12899 | 18718 | 21370 | 25003 |
| Directors Fees | 26 | 27 | 27 | 167 | 200 |
| Gross Profits | 2590 | 5299 | 8454 | 9196 | 10759 |
| Value Added | 6040 | 8213 | 11513 | 13289 | 16790 |
| Trading Profit | 1915 | 4164 | 6998 | 7482 | 10613 |
| Depreciation | 781 | 987 | 1128 | 1322 | |
| Non-Trading Income | 13 | 28 | 63 | 288 | 0 |
| Total Interest Charges | 295 | 27 | 15 | 0 | 0 |
| Pre-tax Profit | 852 | 3178 | 5918 | 6448 | 9027 |
| Retained Profit (Shareholders Funds) | 25 | 2534 | 4476 | 4561 | 3869 |
| Fixed Assets | 3730 | 4997 | 6583 | 7046 | 8455 |
| Intangibles | 5 | 13 | 55 | 100 | 120 |
| Intermediate Assets | 1000 | 1000 | 0 | 0 | 0 |
| Stocks | 132 | 153 | 93 | 62 | 73 |
| Debtors | 1187 | 1299 | 1956 | 1974 | 2310 |
| Cash or Equivalent | 8057 | 9470 | 13800 | 17575 | 20168 |
| Total Current Assets | 9376 | 10922 | 15849 | 19611 | 22551 |
| Creditors | 1002 | 1102 | 1407 | 1342 | 1806 |
| Short Term Borrowing | 1026 | 1345 | 1380 | 765 | 0 |
| Other Current Liabilities | 2441 | 1273 | 2205 | 2462 | 2954 |
| Total Current Liabilities | 4469 | 3720 | 4992 | 4569 | 4760 |
| Net Current Assets | 4907 | 7202 | 10857 | 15042 | 17791 |
| Shareholders Funds | 9070 | 11604 | 16080 | 20641 | 24510 |
| Total Loan Capital | 0 | 661 | 0 | 0 | 0 |
| Other Capital Employed | 572 | 947 | 1415 | 1547 | 1856 |
| Total Capital Employed | 9642 | 13212 | 17495 | 22188 | 26366 |
| Pretax Profit Margin % | 8.6 | 24.64 | 31.62 | 30.17 | 36.1 |
| Sales Growth % | -24 | 30 | 45 | 14 | 17 |
| Pretax Profit Growth % | -58 | 273 | 86 | 9 | 40.00 |
| Debtor Ratio Days | 44 | 37 | 38 | 34 | 33.6235844642022 |
| Creditor Ratio Days | 37 | 31 | 27 | 23 | 26.2873748245203 |
| Stock Turnover | 75 | 84 | 201 | 345 | 344.677419354839 |
| Sales £000 / Employee | 83 | 113 | 163 | 171 | 188.056 |
| Value Added £000/Empl. | 51 | 72 | 100 | 106 | 126.281800149769 |
| Av. Remun. £000 / Empl. | 35 | 36 | 39 | 46 | 46.456 |
| Total Empl. Remu. £000 | 4125 | 4049 | 4515 | 5807 | 6176.63225480578 |
| Employees | 119 | 114 | 115 | 125 | 132.956609583386 |
| Pretax Profit/Total Assets % | 6 | 19 | 26 | 24 | 29 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Gross Profit Margin is 43.0% in the latest year, well above the industry average of 24.7%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 1 other company achieved this
- Pretax Profit Margin is 30.2% in the latest year, well above the industry average of 12.8%.
- Formal debt of the company has decreased by £615,000, a fall of 45%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 3 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 2 in terms of Value Added.
- The company is among the Top 2 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 3 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £21.4m sales and made £6.4m, by following the proposal plan, sales would rise to £25.0m and profits would rise to £9.0m.
Key Attractiveness Features
- ADD £21.4m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 9911 | 12899 | 18718 | 21370 | 25003 |
| Pre-tax Profit (£000) | 852 | 3178 | 5918 | 6448 | 9027 |
| Total Value (£000) | 11854 | 23482 | 38172 | 40817 | 57093 |
| Asset Value (£000) | 6054 | 7462 | 8687 | 9182 | 10958 |
| Goodwill (£000) | 5800 | 16020 | 29485 | 31635 | 46135 |
| Liabilities (£000) | 3016 | 4142 | 7393 | 11459 | 13552 |
| Equity Value (£000) | 14870 | 27624 | 45565 | 52276 | 70645 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
LANTERN SERVICES (HOLDINGS) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
LANTERN RECOVERY LLP
Acquisition / Valuation Comments
This company has been established 38 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £40.8m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 29% return on total assets.
The company's value would increase by 40% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 11%.
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