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Lubna foods ltd
Registration Number
01208669Incorporation Date
22/04/1975Last Annual Return
Not availableAddress
164-164A Garnett Street, Bradford, West Yorkshire. BD3 9HB
Website
www.lubnafoods.comAudit Fees
£16,000Secretary
Mr Ebrahim Ismail Patel
Directors
Active
Mr Ashraf Ali Ibn Ebrahim (62 yrs)
Active
Mr Ali Ghadaffi Patel (53 yrs)
Active
Mr Abdul Aziz Patel (58 yrs)
Active
Mr Ebrahim Ismail Patel (92 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 21331 | 22537 | 25335 | 28820 | 33577 |
| Directors Fees | 102 | 104 | 154 | 241 | 289 |
| Gross Profits | 2136 | 2713 | 3053 | 3660 | 4264 |
| Value Added | 2234 | 2688 | 2932 | 3421 | 3956 |
| Trading Profit | 758 | 1141 | 1216 | 1446 | 1864 |
| Depreciation | 103 | 145 | 111 | 120 | |
| Non-Trading Income | 2 | 2 | 1 | 16 | 0 |
| Total Interest Charges | 54 | 49 | 100 | 141 | 169 |
| Pre-tax Profit | 603 | 949 | 1006 | 1201 | 1551 |
| Retained Profit (Shareholders Funds) | 430 | -576 | 772 | 849 | 721 |
| Fixed Assets | 1981 | 994 | 1072 | 1130 | 1356 |
| Intangibles | 1 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 15 | 15 | 15 | 15 | 18 |
| Stocks | 2594 | 3248 | 3865 | 4064 | 4735 |
| Debtors | 987 | 1357 | 1311 | 1046 | 1219 |
| Cash or Equivalent | 693 | 1011 | 947 | 752 | 56 |
| Total Current Assets | 4274 | 5616 | 6123 | 5862 | 6010 |
| Creditors | 2067 | 2501 | 2271 | 2330 | 3122 |
| Short Term Borrowing | 1486 | 2087 | 2400 | 1252 | 0 |
| Other Current Liabilities | 243 | 314 | 231 | 373 | 448 |
| Total Current Liabilities | 3796 | 4902 | 4902 | 3955 | 3570 |
| Net Current Assets | 478 | 714 | 1221 | 1907 | 2440 |
| Shareholders Funds | 1803 | 1227 | 1999 | 2848 | 3569 |
| Total Loan Capital | 512 | 274 | 88 | 0 | 0 |
| Other Capital Employed | 161 | 222 | 220 | 204 | 245 |
| Total Capital Employed | 2476 | 1723 | 2307 | 3052 | 3814 |
| Pretax Profit Margin % | 2.83 | 4.21 | 3.97 | 4.17 | 4.62 |
| Sales Growth % | 8 | 6 | 12 | 14 | 17 |
| Pretax Profit Growth % | 56 | 57 | 6 | 19 | 29.14 |
| Debtor Ratio Days | 17 | 22 | 19 | 13 | 13.2111034004164 |
| Creditor Ratio Days | 35 | 40 | 33 | 29 | 33.8424011103401 |
| Stock Turnover | 8 | 7 | 7 | 7 | 7.0915354330709 |
| Sales £000 / Employee | 300 | 322 | 362 | 406 | 446.507042253521 |
| Value Added £000/Empl. | 31 | 38 | 42 | 48 | 52.6064884070149 |
| Av. Remun. £000 / Empl. | 21 | 22 | 25 | 28 | 27.8169014084507 |
| Total Empl. Remu. £000 | 1476 | 1547 | 1716 | 1975 | 2091.8267936918 |
| Employees | 71 | 70 | 70 | 71 | 75.1998492922117 |
| Pretax Profit/Total Assets % | 10 | 14 | 14 | 17 | 21 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 13.8% in the latest year, well above the industry average of 8.1%.
- Sales per Employee is £406,000 which is well above the industry average of £293,000.
- The company has consistently improved pretax profits over the last 4 years.Only 24 other companies achieved this.
- Pretax Profit Margin is 4.2% in the latest year, well above the industry average of 2.3%.
- Formal debt of the company has decreased by £1.2m, a fall of 50%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 53 companies listed as a Best Trading Partner (see section 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 50 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 550 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £28.8m sales and made £1.2m, by following the proposal plan, sales would rise to £33.6m and profits would rise to £1.6m.
Key Attractiveness Features
- ADD £28.8m TO SALES
- FEW DIRECTORS
- HIGH AVERAGE AGE
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 | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 21331 | 22537 | 25335 | 28820 | 33577 |
| Pre-tax Profit (£000) | 603 | 949 | 1006 | 1201 | 1551 |
| Total Value (£000) | 9363 | 11114 | 12558 | 14090 | 17373 |
| Asset Value (£000) | 5578 | 5614 | 6263 | 6255 | 7328 |
| Goodwill (£000) | 3785 | 5500 | 6295 | 7835 | 10045 |
| Liabilities (£000) | -3776 | -4387 | -4263 | -3407 | -3759 |
| Equity Value (£000) | 5587 | 6727 | 8295 | 10683 | 13614 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
LUBNA HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
TODAY'S WHOLESALE SERVICES LTD
UNITAS WHOLESALE LTD
Acquisition / Valuation Comments
This company has been established 50 years.
The number of shareholders is low (1)
1 director is over 70 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 £14.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 21% return on total assets.
The company's value would increase by 23% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 33%.
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