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Lb enterprises ltd

Essex. Registration No: 03537221

  • Registration Number

    03537221

  • Incorporation Date

    30/03/1998

  • Last Annual Return

    Not available

  • Address

    118-126 Ilford Lane, Ilford, Essex. IG1 2LE

  • Website

    www.quality-foods.co.uk

  • Audit Fees

    £32,000

  • Secretary

    Mr Arvind Bachubhai Sedani

Directors

Active

Mr Arvind Bachubhai Sedani (73 yrs)

Active

Mr Vipul Bachubhai Sedani (62 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Jul-21 31-Jul-22 31-Jul-23 31-Jul-24 30-Jul-25
Weeks 78 52 52 52 52
Total Sales (£000) 49942 33357 42415 47531 54411
Directors Fees 0 0 0 0 0
Gross Profits 9657 6433 7729 7812 8943
Value Added 7412 4829 5526 5810 6604
Trading Profit 4771 3018 3488 3159 3845
Depreciation 30 161 184 255
Non-Trading Income 52 1 130 234 0
Total Interest Charges 189 168 284 242 290
Pre-tax Profit 4604 2690 3150 2896 3249
Retained Profit (Shareholders Funds) 3362 1760 596 368 1738
Fixed Assets 16078 15979 15985 16203 19444
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 3050 3429 3674 3296 3773
Debtors 79 48 126 125 143
Cash or Equivalent 6466 8611 7835 8672 3717
Total Current Assets 9595 12088 11635 12093 7633
Creditors 2504 2969 3278 3846 5063
Short Term Borrowing 4641 407 535 776 0
Other Current Liabilities 1554 1636 518 495 594
Total Current Liabilities 8699 5012 4331 5117 5657
Net Current Assets 896 7076 7304 6976 1976
Shareholders Funds 16958 18718 19314 19682 21420
Total Loan Capital 0 4314 3946 3497 0
Other Capital Employed 16 23 30 0 0
Total Capital Employed 16974 23055 23290 23179 21420
Pretax Profit Margin % 9.22 8.06 7.43 6.09 5.97
Sales Growth % 65 -33 27 12 14
Pretax Profit Growth % 306 -42 17 -8 12.19
Debtor Ratio Days 1 1 1 1 0.9572699922156
Creditor Ratio Days 27 32 28 29 33.8712755885633
Stock Turnover 16 10 12 14 14.4208131067961
Sales £000 / Employee 543 327 389 380 418.2728
Value Added £000/Empl. 81 47 51 46 50.7671057910541
Av. Remun. £000 / Empl. 29 18 19 21 21.208
Total Empl. Remu. £000 2641 1811 2038 2651 2758.82640575268
Employees 92 102 109 125 130.084232636396
Pretax Profit/Total Assets % 18 10 11 10 12

Company Summary

  • The Plimsoll Chart is falling though its height is ok.
  • Total Sales have increased by 12.1% in the latest year, well above the industry average of 0.5%.
  • Sales per Employee is £380,000 which is well above the industry average of £182,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Pretax Profit Margin is 6.1% in the latest year, well above the industry average of 1.9%.
  • Shareholders received £1.8m in dividends this year, over 62% of the pretax profits of the company.
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • NOTE THAT SOME ACCOUNTING PERIODS ARE NOT 52 WEEKS (* INDICATES THE AFFECTED CHARTS)
  • The company is among the Top 2 companies listed as a Best Trading Partner (see section 1c).
  • The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
  • The company is among the Top 12 in terms of Trading Profits.
  • The company is among the Top 22 Leaders in Efficiency.
  • 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 24 in terms of Pretax Profit Return on Owners Funds.

Company

Industry Av.

Proposed

Company Summary

The company currently has £47.5m sales and made £2.9m, by following the proposal plan, sales would rise to £54.4m and profits would rise to £3.2m.

Key Attractiveness Features

  • PRIVATELY OWNED
  • ADD £47.5m TO SALES
  • ATTRACTIVE RATING
  • 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Jul-21 31-Jul-22 31-Jul-23 31-Jul-24 30-Jul-25
Total Sales (£000) 49942 33357 42415 47531 54411
Pre-tax Profit (£000) 4604 2690 3150 2896 3249
Total Value (£000) 42912 33741 36305 34144 41055
Asset Value (£000) 19207 19456 19785 19624 23360
Goodwill (£000) 23705 14285 16520 14520 17695
Liabilities (£000) -2249 -738 -472 58 -1940
Equity Value (£000) 40663 33003 35833 34202 39115

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

EXECUTORS OF PIUS BACHUBHAI SEDANI (33.3%)

MR ARVIND BACHUBHAI SEDANI (33.3%)

MR VIPUL BACHUBHAI SEDANI (33.3%)

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

This company has been established 27 years.

The number of shareholders is low (3)

1 director is over 70 years of age.

The total value of the company is currently £34.1m including debts.

The equity value is high, indicating low levels of total liabilities.

This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.

The proposed year is based on achieving a 12% return on total assets.

The company's value would increase by 20% if the proposed business plan was followed.

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