Lab-craft Limited

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lab-craft limited Company Information

Live

MatureSmallDeclining

Company Number

00561371

Website

www.labcraft.co.uk

Registered Address

durite works valley road, dovercourt, essex, CO12 4RX

Industry

Manufacture of electric lighting equipment

Manufacture of other electrical equipment

Telephone

01799513434

Next Accounts Due

September 2024

Group Structure

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Directors

Michael Schulte2 Years

Steven Powell1 Years

View All

Shareholders

safe fleet uk limited 100%

lab-craft limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of LAB-CRAFT LIMITED at £4.3m based on Net Assets of £2m and 2.11x industry multiple (adjusted for liquidity).

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Lab-craft Limited is a live company located in essex, CO12 4RX with a Companies House number of 00561371. It operates in the manufacture of electric lighting equipment sector, SIC Code 27400. Founded in February 1956, it's largest shareholder is safe fleet uk limited with a 100% stake. Lab-craft Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Lab-Craft Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £4.1m, make it smaller than the average company (£11.5m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (0.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAB-CRAFT LIMITED group structure

Lab-Craft Limited has no subsidiary companies.

Ultimate parent company

SAFE FLEET ACQUISITION CORP

#0148947

SAFE FLEET UK LIMITED

13045895

2 parents

LAB-CRAFT LIMITED

00561371

LAB-CRAFT LIMITED Shareholders

safe fleet uk limited

100%

Lab-Craft Limited currently has 3 directors. The longest serving directors include Mr Michael Schulte (Mar 2022) and Mr Steven Powell (Nov 2022).

officer	country	age	start	end	role
Mr Michael Schulte	United States	57 years	Mar 2022	-	Director
Mr Steven Powell	England	47 years	Nov 2022	-	Director
Mr Robert Willing	United States	56 years	Feb 2024	-	Director

EXPORT

Lab-Craft Limited's latest turnover from December 2022 is estimated at £4.1 million and the company has net assets of £2 million. According to their latest financial statements, Lab-Craft Limited has 37 employees and maintains cash reserves of £988.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	4,089,097	4,573,235	5,164,263	5,692,392	4,946,583	4,105,891	4,098,850	3,949,573	3,414,538	3,212,622	3,420,387	3,938,732	3,212,420	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,701,184	3,064,624	2,540,294	2,905,767	3,379,669	2,730,003	2,708,510	2,577,138	2,257,687	2,138,313	2,285,924	2,567,257	2,077,957	0
Gross Profit	1,387,913	1,508,611	2,623,969	2,786,625	1,566,914	1,375,889	1,390,340	1,372,435	1,156,851	1,074,309	1,134,463	1,371,475	1,134,463	0
Admin Expenses	2,802,825	-292,324	1,074,414	1,244,556	393,203	745,419	829,564	775,082	918,817	509,340	790,538	1,013,290	690,500	-1,703,684
Operating Profit	-1,414,912	1,800,935	1,549,555	1,542,069	1,173,711	630,470	560,776	597,353	238,034	564,969	343,925	358,185	443,963	1,703,684
Interest Payable	0	5,156	14,664	13,400	47,474	46,095	42,949	41,392	43,726	45,928	47,972	47,622	50,094	26,981
Interest Receivable	30,864	1,660	3,602	21,850	10,511	3,301	3,167	4,760	4,185	3,154	835	389	733	483
Pre-Tax Profit	-1,384,048	1,797,440	1,538,493	1,550,519	1,136,747	587,675	520,994	560,720	198,492	522,195	296,788	310,951	394,601	1,677,186
Tax	0	-341,514	-232,318	-262,952	-215,982	-111,658	-104,199	-112,144	-41,683	-120,105	-71,229	-80,847	-110,488	-469,612
Profit After Tax	-1,384,048	1,455,926	1,306,175	1,287,567	920,765	476,017	416,795	448,576	156,809	402,090	225,559	230,104	284,113	1,207,574
Dividends Paid	0	0	4,541,094	502,498	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,384,048	1,455,926	-3,234,919	785,069	920,765	476,017	416,795	448,576	156,809	402,090	225,559	230,104	284,113	1,207,574
Employee Costs	1,734,635	2,009,952	1,245,509	1,318,292	2,106,290	1,786,724	1,392,048	972,684	825,968	801,323	797,812	978,996	866,869	0
Number Of Employees	37	46	48	57	51	43	36	26	23	23	23	29	27	0
EBITDA*	-1,333,409	1,914,340	1,694,512	1,725,695	1,331,850	773,315	697,183	732,553	332,712	662,601	449,984	451,998	520,866	1,759,440

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	190,292	252,533	468,181	1,995,986	2,048,975	1,988,163	1,960,651	1,903,668	1,898,527	1,644,442	1,723,862	1,641,324	1,496,537	1,296,441
Intangible Assets	0	0	4	4	4	4	4	4	4	4	4	4	4	4
Investments & Other	0	0	20	20	20	20	20	20	20	20	20	20	20	20
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	23,000	23,000	23,000
Total Fixed Assets	190,292	252,533	468,205	1,996,010	2,048,999	1,988,187	1,960,675	1,903,692	1,898,551	1,644,466	1,723,886	1,664,348	1,519,561	1,319,465
Stock & work in progress	1,502,592	1,571,555	1,154,967	1,361,766	1,040,847	961,903	803,489	552,699	677,775	619,764	844,507	749,682	618,246	648,441
Trade Debtors	611,549	612,063	790,249	1,001,336	953,546	730,784	886,910	922,466	754,341	682,062	667,952	879,580	744,004	481,783
Group Debtors	271,765	174,532	179,998	42,293	265,985	21,634	0	0	0	0	0	0	0	0
Misc Debtors	76,432	1,032,164	272,200	693,896	360,452	257,469	112,312	6,179	0	0	0	0	0	5,026
Cash	988,682	774,951	553,409	1,664,017	1,482,647	1,320,162	1,320,378	1,213,245	690,682	983,158	278,539	55,598	99,819	193,194
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,451,020	4,165,265	2,950,823	4,763,308	4,103,477	3,291,952	3,123,089	2,694,589	2,122,798	2,284,984	1,790,998	1,684,860	1,462,069	1,328,444
total assets	3,641,312	4,417,798	3,419,028	6,759,318	6,152,476	5,280,139	5,083,764	4,598,281	4,021,349	3,929,450	3,514,884	3,349,208	2,981,630	2,647,909
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	8,250	34,839	34,235	33,642	33,059	0	0	0	0	0	0	0
Trade Creditors	410,676	469,743	166,378	253,638	291,486	202,385	335,879	709,317	568,763	605,943	563,293	591,564	414,126	374,882
Group/Directors Accounts	953,095	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
hp & lease commitments	0	0	0	0	0	4,644	0	0	0	0	0	0	0	0
other current liabilities	193,562	464,933	1,048,156	535,491	196,830	309,741	442,344	0	0	0	0	0	0	0
total current liabilities	1,557,333	934,676	1,222,784	823,968	522,551	550,412	811,282	709,317	568,763	605,943	563,293	591,564	414,126	374,882
loans	0	0	156,750	619,183	652,327	686,443	721,904	619,406	654,204	691,219	721,959	754,115	711,181	830,186
hp & lease commitments	0	0	0	0	0	16,689	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
other liabilities	0	0	0	0	0	0	0	135,775	133,421	128,282	128,835	137,442	200,340	112,820
provisions	40,049	55,144	67,442	109,196	109,196	78,958	78,958	78,958	58,712	54,566	53,447	44,296	64,296	22,447
total long term liabilities	40,049	55,144	224,192	728,379	761,523	782,090	800,862	834,139	846,337	874,067	904,241	935,853	975,817	965,453
total liabilities	1,597,382	989,820	1,446,976	1,552,347	1,284,074	1,332,502	1,612,144	1,543,456	1,415,100	1,480,010	1,467,534	1,527,417	1,389,943	1,340,335
net assets	2,043,930	3,427,978	1,972,052	5,206,971	4,868,402	3,947,637	3,471,620	3,054,825	2,606,249	2,449,440	2,047,350	1,821,791	1,591,687	1,307,574
total shareholders funds	2,043,930	3,427,978	1,972,052	5,206,971	4,868,402	3,947,637	3,471,620	3,054,825	2,606,249	2,449,440	2,047,350	1,821,791	1,591,687	1,307,574

	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Oct 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-1,414,912	1,800,935	1,549,555	1,542,069	1,173,711	630,470	560,776	597,353	238,034	564,969	343,925	358,185	443,963	1,703,684
Depreciation	81,503	113,405	144,957	183,626	158,139	142,845	136,407	135,200	94,678	97,632	106,059	93,813	76,903	55,756
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-341,514	-232,318	-262,952	-215,982	-111,658	-104,199	-112,144	-41,683	-120,105	-71,229	-80,847	-110,488	-469,612
Stock	-68,963	416,588	-206,799	320,919	78,944	158,414	250,790	-125,076	58,011	-224,743	94,825	131,436	-30,195	648,441
Debtors	-859,013	576,312	-495,078	157,542	570,096	10,665	70,577	174,304	72,279	14,110	-234,628	135,576	257,195	509,809
Creditors	-59,067	303,365	-87,260	-37,848	89,101	-133,494	-373,438	140,554	-37,180	42,650	-28,271	177,438	39,244	374,882
Accruals and Deferred Income	-271,371	-583,223	512,665	338,661	-112,911	-132,603	442,344	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-15,095	-12,298	-41,754	0	30,238	0	0	20,246	4,146	1,119	9,151	-20,000	41,849	22,447
Cash flow from operations	-750,966	287,770	2,547,722	1,285,095	473,256	226,481	340,523	731,981	127,705	796,898	499,438	261,577	264,471	528,907
Investing Activities
capital expenditure	-19,262	102,247	0	0	-218,951	-170,357	-193,390	-140,341	-348,763	-18,212	-188,597	-238,600	-276,999	-1,352,201
Change in Investments	0	-20	0	0	0	0	0	0	0	0	0	0	0	20
cash flow from investments	-19,262	102,267	0	0	-218,951	-170,357	-193,390	-140,341	-348,763	-18,212	-188,597	-238,600	-276,999	-1,352,221
Financing Activities
Bank loans	0	-8,250	-26,589	604	593	583	33,059	0	0	0	0	0	0	0
Group/Directors Accounts	953,095	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
Long term loans	0	-156,750	-462,433	-33,144	-34,116	-35,461	102,498	-34,798	-37,015	-30,740	-32,156	42,934	-119,005	830,186
Hire Purchase and Lease Commitments	0	0	0	0	-21,333	21,333	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-135,775	2,354	5,139	-553	-8,607	-62,898	87,520	112,820
share issue	0	0	0	-446,500	0	0	0	0	0	0	0	0	0	100,000
interest	30,864	-3,496	-11,062	8,450	-36,963	-42,794	-39,782	-36,632	-39,541	-42,774	-47,137	-47,233	-49,361	-26,498
cash flow from financing	983,959	-168,496	-500,084	-470,590	-91,819	-56,339	-40,000	-69,076	-71,417	-74,067	-87,900	-67,197	-80,846	1,016,508
cash and cash equivalents
cash	213,731	221,542	-1,110,608	181,370	162,485	-216	107,133	522,563	-292,476	704,619	222,941	-44,221	-93,375	193,194
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	213,731	221,542	-1,110,608	181,370	162,485	-216	107,133	522,563	-292,476	704,619	222,941	-44,221	-93,375	193,194

P&L

December 2022

turnover

4.1m

-11%

operating profit

-1.4m

gross margin

34%

+2.89%

turnover

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

Balance Sheet

December 2022

net assets

-0.4%

total assets

3.6m

-0.18%

cash

988.7k

+0.28%

net assets

Total assets minus all liabilities

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company number

00561371

Type

Private limited with Share Capital

industry

27400 - Manufacture of electric lighting equipment

27900 - Manufacture of other electrical equipment

incorporation date

February 1956

age

accounts

Small Company

ultimate parent company

SAFE FLEET ACQUISITION CORP

previous names

N/A

incorporated

address

durite works valley road, dovercourt, essex, CO12 4RX

last accounts submitted

December 2022

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 found 11 charges/mortgages relating to lab-craft limited. Currently there are 0 open charges and 11 have been satisfied in the past.

lab-craft limited Company Information

lab-craft limited Estimated Valuation

lab-craft limited Estimated Valuation

lab-craft limited Estimated Valuation

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