lcl electronics limited
lcl electronics limited Company Information
Company Number
02368995
Website
lclelectronics.co.ukRegistered Address
riverside house irwell street, manchester, M3 5EN
Industry
Manufacture of electronic components
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
ian alexander macgregor 39.7%
richard hatton & susan patricia hatton 39.7%
View Alllcl electronics limited Estimated Valuation
Pomanda estimates the enterprise value of LCL ELECTRONICS LIMITED at £3.8m based on a Turnover of £3.9m and 0.96x industry multiple (adjusted for size and gross margin).
lcl electronics limited Estimated Valuation
Pomanda estimates the enterprise value of LCL ELECTRONICS LIMITED at £2m based on an EBITDA of £353.7k and a 5.73x industry multiple (adjusted for size and gross margin).
lcl electronics limited Estimated Valuation
Pomanda estimates the enterprise value of LCL ELECTRONICS LIMITED at £1.3m based on Net Assets of £561.6k and 2.33x industry multiple (adjusted for liquidity).
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Lcl Electronics Limited Overview
Lcl Electronics Limited is a dissolved company that was located in manchester, M3 5EN with a Companies House number of 02368995. It operated in the manufacture of electronic components sector, SIC Code 26110. Founded in March 1989, it's largest shareholder was ian alexander macgregor with a 39.7% stake. The last turnover for Lcl Electronics Limited was estimated at £3.9m.
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Lcl Electronics Limited Health Check
Pomanda's financial health check has awarded Lcl Electronics 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
2 Strong
4 Regular
6 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£12.7m)
- Lcl Electronics Limited
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (2.5%)
- Lcl Electronics Limited
2.5% - Industry AVG
Production
with a gross margin of 30.2%, this company has a comparable cost of product (30.2%)
- Lcl Electronics Limited
30.2% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (5.3%)
- Lcl Electronics Limited
5.3% - Industry AVG
Employees
with 44 employees, this is below the industry average (79)
44 - Lcl Electronics Limited
79 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)
- Lcl Electronics Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £89.2k, this is less efficient (£140.1k)
- Lcl Electronics Limited
£140.1k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (58 days)
- Lcl Electronics Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (41 days)
- Lcl Electronics Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is in line with average (76 days)
- Lcl Electronics Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (20 weeks)
11 weeks - Lcl Electronics Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.5%, this is a higher level of debt than the average (41.3%)
66.5% - Lcl Electronics Limited
41.3% - Industry AVG
lcl electronics limited Credit Report and Business Information
Lcl Electronics Limited Competitor Analysis
Perform a competitor analysis for lcl electronics limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
lcl electronics limited Ownership
LCL ELECTRONICS LIMITED group structure
Lcl Electronics Limited has no subsidiary companies.
Ultimate parent company
LCL ELECTRONICS LIMITED
02368995
lcl electronics limited directors
Lcl Electronics Limited currently has 2 directors. The longest serving directors include The Estate Of Richard Hatton (Apr 1992) and Miss Judith Hatton (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| The Estate Of Richard Hatton | United Kingdom | 78 years | Apr 1992 | - | Director |
| Miss Judith Hatton | England | 46 years | Mar 2017 | - | Director |
LCL ELECTRONICS LIMITED financials
Lcl Electronics Limited's latest turnover from December 2017 is estimated at £3.9 million and the company has net assets of £561.6 thousand. According to their latest financial statements, Lcl Electronics Limited has 44 employees and maintains cash reserves of £247.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 44 | 47 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 171,653 | 211,273 | 242,342 | 278,026 | 277,450 | 121,465 | 114,437 | 178,139 | 249,231 |
| Intangible Assets | 0 | 0 | 0 | 190,732 | 190,732 | 130,771 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 171,653 | 211,273 | 242,342 | 468,758 | 468,182 | 252,236 | 114,437 | 178,139 | 249,231 |
| Stock & work in progress | 575,686 | 438,987 | 456,594 | 598,428 | 584,081 | 898,815 | 745,890 | 830,519 | 1,022,800 |
| Trade Debtors | 653,949 | 790,556 | 744,535 | 1,297,651 | 1,279,462 | 245,528 | 742,249 | 771,759 | 1,046,046 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 29,114 | 27,964 | 66,894 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 247,113 | 24,201 | 13,170 | 134,743 | 47,144 | 14,432 | 2,438 | 75,859 | 4,474 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,505,862 | 1,281,708 | 1,281,193 | 2,030,822 | 1,910,687 | 1,158,775 | 1,490,577 | 1,678,137 | 2,073,320 |
| total assets | 1,677,515 | 1,492,981 | 1,523,535 | 2,499,580 | 2,378,869 | 1,411,011 | 1,605,014 | 1,856,276 | 2,322,551 |
| Bank overdraft | 357,278 | 511,099 | 410,950 | 0 | 0 | 0 | 497,225 | 581,522 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 431,757 | 352,748 | 329,603 | 818,658 | 828,597 | 639,522 | 387,935 | 498,617 | 1,688,438 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 17,292 | 37,286 | 39,558 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 274,368 | 218,360 | 234,454 | 734,920 | 696,753 | 0 | 171,164 | 255,895 | 0 |
| total current liabilities | 1,080,695 | 1,119,493 | 1,014,565 | 1,553,578 | 1,525,350 | 639,522 | 1,056,324 | 1,336,034 | 1,688,438 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 1,115 | 7,214 | 0 |
| hp & lease commitments | 0 | 13,094 | 44,651 | 0 | 0 | 0 | 0 | 0 | 53,961 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 62,921 | 94,141 | 6,700 | 0 | 0 | 0 |
| provisions | 35,207 | 35,207 | 39,874 | 12,447 | 0 | 2,744 | 1,435 | 0 | 11,041 |
| total long term liabilities | 35,207 | 48,301 | 84,525 | 75,368 | 94,141 | 9,444 | 2,550 | 7,214 | 65,002 |
| total liabilities | 1,115,902 | 1,167,794 | 1,099,090 | 1,628,946 | 1,619,491 | 648,966 | 1,058,874 | 1,343,248 | 1,753,440 |
| net assets | 561,613 | 325,187 | 424,445 | 870,634 | 759,378 | 762,045 | 546,140 | 513,028 | 569,111 |
| total shareholders funds | 561,613 | 325,187 | 424,445 | 870,634 | 759,378 | 762,045 | 546,140 | 513,028 | 569,111 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 34,299 | 36,726 | 45,305 | 39,465 | 29,762 | 35,331 | 64,885 | 81,625 | 83,174 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 136,699 | -17,607 | -141,834 | 14,347 | -314,734 | 152,925 | -84,629 | -192,281 | 1,022,800 |
| Debtors | -135,457 | 7,091 | -486,222 | 18,189 | 1,033,934 | -496,721 | -29,510 | -274,287 | 1,046,046 |
| Creditors | 79,009 | 23,145 | -489,055 | -9,939 | 189,075 | 251,587 | -110,682 | -1,189,821 | 1,688,438 |
| Accruals and Deferred Income | 56,008 | -16,094 | -500,466 | 38,167 | 696,753 | -171,164 | -84,731 | 255,895 | 0 |
| Deferred Taxes & Provisions | 0 | -4,667 | 27,427 | 12,447 | -2,744 | 1,309 | 1,435 | -11,041 | 11,041 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -1,115 | -6,099 | 7,214 | 0 |
| Hire Purchase and Lease Commitments | -33,088 | -33,829 | 84,209 | 0 | 0 | 0 | 0 | -53,961 | 53,961 |
| other long term liabilities | 0 | 0 | -62,921 | -31,220 | 87,441 | 6,700 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 222,912 | 11,031 | -121,573 | 87,599 | 32,712 | 11,994 | -73,421 | 71,385 | 4,474 |
| overdraft | -153,821 | 100,149 | 410,950 | 0 | 0 | -497,225 | -84,297 | 581,522 | 0 |
| change in cash | 376,733 | -89,118 | -532,523 | 87,599 | 32,712 | 509,219 | 10,876 | -510,137 | 4,474 |
P&L
December 2017turnover
3.9m
-10%
operating profit
319.4k
0%
gross margin
30.2%
-0.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
561.6k
+0.73%
total assets
1.7m
+0.12%
cash
247.1k
+9.21%
net assets
Total assets minus all liabilities
Similar Companies
lcl electronics limited company details
company number
02368995
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
March 1989
age
35
accounts
Total Exemption Full
ultimate parent company
previous names
leicester circuits (conventional) limited (January 1993)
incorporated
UK
address
riverside house irwell street, manchester, M3 5EN
last accounts submitted
December 2017
lcl electronics 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 found 7 charges/mortgages relating to lcl electronics limited. Currently there are 1 open charges and 6 have been satisfied in the past.
lcl electronics limited Companies House Filings - See Documents
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