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Lb Enterprises Limited

03537221

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

118-126 ILFORD LANE, ESSEX, IG1 2LE
Incorporated 30/03/1998

Compliance

Last accounts

31/07/2024

full

Next accounts due

30/07/2026

On track

Confirmation statement

Last: 01/03/2026

Due 15/03/2027

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47210
Retail sale of fruit and vegetables in specialised stores

CompanyRankvs 240+ SIC 47110 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.36× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

risk The company's principal foreign currency exposures arise from trading with overseas companies. The company policy does not permit exposures to be hedged in order to fix the cost in sterling. Going concern The directors have assessed the company's ability to continue as a going concern which has included a review of forecast cash flows, future expected trading performance as well as availa

Key FinancialsYear ending 31/07/2024

Turnover

£47.5M

Annual revenue

Net Worth

£19.7M

Balance sheet strength

Cash

£8.1M

Cash in the bank

Profit Before Tax

£2.9M

Bottom line earnings

Net Current Assets

£7.0M

Working capital

Current Assets

£12.1M

Current Liabilities

£5.1M

Fixed Assets

£16.2M

Debtors

£709k

Cost of Sales

£39.7M

Gross Profit

£7.8M

Admin Expenses

£5.3M

Operating Profit

£2.9M

Profit After Tax

£2.2M

109avg. employees

Tax at Year End

Corp tax£364k
Dividends paid-£1.9M

People Costs

Wages & salaries£2.4M
NI contributions£170k

Balance Sheet

Bank loans & overdrafts£410k
Assets less current liabilities£23.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20242.36

Derived from filed accounts. Not audited figures.