LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED

OTLEY RD, HARROGATE, HG3 1PY

Previous name: COVANCE LABORATORIES LIMITED (changed on 25-Jun-2021)

Company Number: 01171833
Incorporation date: 28-May-1974
Status: Active
Entity type: Private Limited Company

SIC codes:
72110 Research and experimental development on biotechnology





SUMMARY

This company is 50.4 years old and is currently active. It is controlled by Labcorp Development Limited. The company has positive equity (net assets) of GBP 75.3 million which has increased from GBP 47.2 million in the previous year. The latest reported revenue figure is GBP 124.9 million which is up 10% on previous year's figure of GBP 111.5 million. The company has 4 active officers (directors or partners) who are or were officers of 29 other companies, 8 (27.6%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 124,919,000 14,325,000 64,000 608,000 3,337,000 14,855,000
31-Dec-2017 GBP 111,519,000 6,654,000 30,000 768,000 1,793,000 4,123,000
31-Dec-2016 GBP 96,440,000 1,424,000 1,000 5,000 -1,878,000
31-Dec-2015 GBP 111,401,000 6,702,000 65,000 -887,000
31-Dec-2014 GBP 98,765,000 9,192,000 1,794,000 9,588,000
31-Dec-2013 GBP 95,949,000 6,107,000 1,131,000 6,586,000
31-Dec-2012 GBP 95,929,147 2,436,891 251,709 2,452,357
31-Dec-2011 GBP 99,636,852 698,618 396,750 3,763,533
31-Dec-2010 GBP 90,985,205 6,270,690 258,185 2,714,517
31-Dec-2009 GBP 81,132,387 4,225,673 279,254 2,476,564
31-Dec-2008 GBP 87,593,218 15,356,821 1,387,275 -2,480,825


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 36,109,000 96,494,000 63,075,000 11,750,000 75,317,000
31-Dec-2017 GBP 24,066,000 79,606,000 61,763,000 11,750,000 47,190,000
31-Dec-2016 GBP 32,321,000 52,551,000 11,750,000 35,440,000
31-Dec-2015 GBP 63,738,000 14,750,000 53,866,000
31-Dec-2014 GBP 41,682,000 83,168,000 31,795,000 11,750,000 97,160,000 108,910,000
31-Dec-2013 GBP 30,964,000 70,556,000 28,138,000 11,750,000 95,286,000 107,036,000
31-Dec-2012 GBP 16,348,852 58,022,139 25,015,382 11,750,000 94,442,178
31-Dec-2011 GBP 25,410,021 55,399,209 26,982,056 11,750,000 86,735,707
31-Dec-2010 GBP 19,318,744 52,258,428 28,388,981 11,750,000 87,080,574
31-Dec-2009 GBP 14,647,369 45,281,613 22,404,010 11,750,000 76,414,038
31-Dec-2008 GBP 18,712,368 47,506,051 24,186,760 41,750,000 71,177,191

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2016 GBP -25.53% -3,000,000 14,750,000 11,750,000 -2,910,500
31-Dec-2015 GBP 20.34% 3,000,000 11,750,000 14,750,000 -7,591,000
31-Dec-2009 GBP -255.32% -30,000,000 41,750,000 11,750,000 10,070,132
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Katharine MASTERS 16 Dec 1998 04 Aug 2009 British 0 - 9
Resigned Julian Torquil GRIFFITHS 16 Dec 1998 British 0 - 32

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Thomas KREMER 30 Jun 2023 Oversees Labcorp'S Tax, Treasury And Risk Mgt. American 7 - 55 (41.7%)
Resigned Mir Imran, Mr. ALI 11 Apr 2022 23 May 2023 Director Indian 0 - 10 (0.0%)
Active Sandra VAN DER VAART 24 Jun 2019 Director American 2 - 10 (0.0%)
Active Glenn Andrew EISENBERG 28 Aug 2018 Chief Financial Officer American 7 - 123 (15.8%)
Resigned Floyd Samuel EBERTS III 28 Aug 2018 15 Feb 2019 Chief Legal Officer American 0 - 174 (23.5%)
Resigned Alison Ann CORNELL 01 Aug 2012 02 Jul 2015 Chief Financial Officer American 0 - 60 (0.0%)
Resigned Michael Thomas PATRICK 01 Aug 2012 03 May 2013 Accountant British 1 - 40 (0.0%)
Resigned Stephen Derek Albert STREET 01 Aug 2012 11 Apr 2022 General Manager British 0 - 106 (60.0%)
Resigned Stephen Ashley COULDWELL 01 Jul 2010 31 Jul 2012 General Manager British 0 - 10 (0.0%)
Resigned Katharine MASTERS 04 Aug 2009 29 Jun 2012 None British 0 - 92 (22.2%)
Resigned Robert Stewart PRINGLE 04 Aug 2009 30 Jun 2023 Director British 0 - 162 (12.5%)
Active Robert Stewart PRINGLE 04 Aug 2009 Director British 5 - 146 (31.6%)
Resigned John ROBSON 04 Aug 2009 18 May 2012 Director British 0 - 10 (0.0%)
Resigned Joseph Lee HERRING 13 Nov 2001 04 Aug 2009 Chief Operating Officer American 0 - 31 (33.3%)
Resigned William Edler KLITGAARD 30 Oct 2001 01 Aug 2012 Chief Financial Officer American 0 - 72 (28.6%)
Resigned Anthony John CORK 06 Nov 2000 31 Dec 2008 Director British 0 - 61 (16.7%)
Resigned Michael MORFILL 07 Apr 1999 27 Aug 1999 Company Director British 0 - 134 (30.8%)
Resigned Michael WOKASCH 27 Oct 1998 17 Sep 1999 Executive American 0 - 31 (33.3%)
Resigned Charles C HARWOOD JNR 02 Dec 1996 25 Oct 2001 Executive American 0 - 31 (33.3%)
Resigned Christopher Allen KUEBLER 10 Jan 1995 07 Dec 2005 Business Executive American 0 - 51 (20.0%)
Resigned Douglas VANOORT 01 Apr 1992 02 Dec 1996 Finance Executive American 0 - 62 (33.3%)
Resigned Brian CASS 08 Sep 1998 Managing Director British 0 - 194 (21.1%)
Resigned Donald Peter NIELSEN 31 Mar 1992 Corporate Executive American 0 - 10 (0.0%)
Resigned Raymond Conrad MARIER 10 Jan 1995 Legal Counsel American 0 - 21 (50.0%)
Number of active directors: 4
Average tenure of active directors: 7.0 years
Average tenure of resigned directors: 4.3 years
Average active director Dissolution Rate: 22.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
COVANCE CRS INTERNATIONAL LIMITED (00502370) - Active
COVANCE CRS DEVELOPMENTS LIMITED (01123855) - Active - Proposal to Strike off
LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED (01171833) - Active
CHILTERN INTERNATIONAL LIMITED (01636704) - Active
HAVENFERN LIMITED (01768607) - Active
LABCORP UK LIMITED (01815730) - Active - Proposal to Strike off
COVANCE CONSULTING LIMITED (01910866) - Active - Proposal to Strike off
FORTREA DEVELOPMENT LIMITED (02022667) - Active
THEOREM CLINICAL RESEARCH LIMITED (02374122) - Active
FORTREA CLINICAL RESEARCH UNIT LIMITED (02655166) - Active
FORTREA UK HOLDINGS LIMITED (02660917) - Active
COVANCE CRS ANALYTICS LIMITED (02801202) - Active - Proposal to Strike off
LABCORP RESEARCH LIMITED (03009027) - Active - Proposal to Strike off
LABCORP INTERNATIONAL HOLDINGS LIMITED (03145814) - Active
MEDAXIAL LIMITED (03190237) - Active
LABCORP LIMITED (03200692) - Active
INTERNATIONAL FOOD NETWORK LTD (03769972) - Active
ORCHID CELLMARK LTD (04045527) - Active
COVANCE PHARMA CONSULTING LIMITED (04494415) - Active - Proposal to Strike off
FAIRFAX STORAGE LIMITED (06331127) - Active
CLEARSTONE HOLDINGS (INTERNATIONAL) LTD (07621041) - Active
LABCORP NEON LTD. (09331166) - Active
SCIFORMIX EUROPE LIMITED (09342266) - Active
LABCORP NEON HOLDCO, LTD. (09709396) - Dissolved
LABCORP UK HOLDINGS, LTD. (09867966) - Active
INTEGRATED SAFE FOODS LIMITED (11112153) - Active
OCKHAM EUROPE LIMITED (SC195080) - Active - Proposal to Strike off
LABCORP INTERNATIONAL GROUP LIMITED (SC302773) - Active
OCKHAM DEVELOPMENT GROUP (HOLDINGS) UK LIMITED (SC415051) - Active - Proposal to Strike off
ENDPOINT CLINICAL (UK) LIMITED (SC568616) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-11-122015-11-122014-11-122013-11-122012-11-12
COVANCE LTDORDINARY11,005,001
93.7%
11,005,000
93.7%
11,005,000
93.7%
11,005,000
93.7%
11,005,000
93.7%
COVANCE LTDPREFERENCE745,000
6.34%
745,000
6.34%
745,000
6.34%
745,000
6.34%
745,000
6.34%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2024-01-01 2024-06-30 28 3% 13% 89236
2023-07-01 2023-12-31 27 3% 15% 80988
2023-01-01 2023-06-30 34 5% 19% 74877
2022-07-01 2022-12-31 29 3% 23% 66865
2022-01-01 2022-06-30 30 14% 11% 59069
2021-07-01 2021-12-31 30 4% 11% 52688
2021-01-01 2021-06-30 33 6% 13% 52672
2020-07-01 2020-12-31 30 4% 14% 52670
2020-01-01 2020-06-30 37 6% 26% 33316
2019-07-01 2019-12-31 40 7% 26% 25755
2019-01-01 2019-06-30 42 15% 32% 20287
2018-07-01 2018-12-31 39 5% 29% 10373
2018-01-01 2018-06-30 41 9% 29% 4629


COURT CASES


Date Title Reference Subject
2015-10-20 Kelly v Covance Laboratories Ltd [2015] UKEAT 0186_15_2010 Race Discrimination: Direct

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 72110 Research and experimental development on biotechnology)

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LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
LABCORP EARLY DEVELOPMENT LABORATORIES LIMITED 0.8% 2.5% 5.1% Medium
Other companies Active in the same sector 1.2% 3.5% 7.4% Medium
Age 0.4% 1.4% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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