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LETTUS GROW LTD
UNIT 4 AVON VALLEY BUSINESS PARK, CHAPEL WAY, BRISTOL, BS4 4EUCompany Number: 09893012
Incorporation date: 27-Nov-2015
Status: Active
Entity type: Private Limited Company
SIC codes:
28302 Manufacture of agricultural and forestry machinery other than tractors
SUMMARY
This company is 8.3 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has positive equity (net assets) of GBP 1.9 million which has increased from GBP -122.4 thousand in the previous year. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -2.4 million in the last reported period. Retained earnings is negative (GBP -5.7 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 6 active officers (directors or partners) who are or were officers of 78 other companies, 8 (10.3%) 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 are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 1,287,039 | 2,102,108 | 578,302 | 1,172 | 7,532,936 | -5,669,353 | 1,899,094 | |
31-Dec-2021 | GBP | 354,621 | 694,416 | 1,351,837 | 676 | 2,849,632 | -3,274,965 | -122,421 | |
31-Dec-2020 | GBP | 1,872,356 | 2,159,188 | 287,651 | 1,100,000 | 676 | 2,849,632 | -1,491,936 | 1,397,178 |
31-Dec-2019 | GBP | 2,205,050 | 2,392,234 | 154,031 | 676 | 2,849,632 | -438,634 | 2,450,480 | |
31-Dec-2018 | GBP | 228,740 | 340,276 | 103,701 | 413 | 481,905 | -242,308 | 240,010 | |
30-Nov-2017 | GBP | 25,502 | 31,672 | 38,473 | 319 | 19,984 | -27,104 | -6,801 | |
30-Nov-2016 | GBP | 3,818 | 3,818 | 4,330 | 50 | -562 | -512 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 42.32% | 4,683,800 | 6,383,566 | 11,067,366 | 7,904,636 |
31-Dec-2019 | GBP | 38.91% | 2,367,990 | 3,718,555 | 6,086,545 | 3,685,655 |
31-Dec-2018 | GBP | 22.76% | 462,015 | 1,567,902 | 2,029,917 | 1,671,788 |
30-Nov-2017 | GBP | 84.33% | 20,253 | 3,764 | 24,017 | -769 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | PARKWALK ADVISORS LTD | 04 Apr 2022 | 46 - 20 | 6 (9.1%) | |||
Active | Rebecca Thirza, Dr TODD | 27 Nov 2019 | Investment Management | British | 4 - 1 | 0 (0.0%) | |
Active | Hadyn St Pierre PARRY | 01 Sep 2018 | Director | British | 2 - 9 | 3 (27.3%) | |
Active | Charles GUY | 25 May 2016 | Co Founder | British | 1 - 0 | 0 (0.0%) | |
Active | Benjamin George CROWTHER | 30 Nov 2015 | Chief Technical Officer | British | 1 - 0 | 0 (0.0%) | |
Active | Jack Richard FARMER | 27 Nov 2015 | Founder | British | 1 - 0 | 0 (0.0%) |
Average tenure of active directors: 6.1 years
Average tenure of resigned directors: no resignations yet
Average active director Dissolution Rate: 6.1%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
LETTUS GROW LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
28302 Manufacture of agricultural and forestry machinery other than tractors)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
HUSQVARNA UK LIMITED | PRESTON ROAD, AYCLIFFE INDUSTRIAL PARK, NEWTON AYCLIFFE, COUNTY DURHAM, DL5 6UP | 00974979 | 2017-12-31 | 206,497,000 | 3,959,000 |
46690-Wholesale of other machinery and equipment |
PRJ ENGINEERING LIMITED | NEWTON FARM, LEWANNICK, LAUNCESTON, CORNWALL, PL15 7QH | 04636428 | 2018-03-31 | 1,053,539 | 0 | |
WACAPOL MILLS LTD | 7400 DARESBURY PARK, DARESBURY, WARRINGTON, CHESHIRE, WA4 4BS | 07654875 | 2018-03-31 | 315,632 | 0 | |
SPRAYTECH EUROPE LIMITED | 3 JASMINE HOUSE WOBURN PARK, WOBURN HILL, ADDLESTONE, SURREY, KT15 2NZ | 05251919 | 2018-12-31 | 38,520 | 0 | |
APPLIED PROTECTION GUARDS LIMITED | SUITE 32 CAMBRIDGE ROAD, BABRAHAM, CAMBRIDGE, ENGLAND, CB22 3AF | 09259226 | 2018-10-31 | 6,222 | 0 | |
SPRAYCARE LIMITED | SPRAYCARE LIMITED, ROUGHTON MOOR, WOODHALL SPA, LINCOLNSHIRE, ENGLAND, LN10 6YQ | 05642957 | 2018-12-31 | 0 | 0 | |
HOUSEHAM SPRAYERS LIMITED | HOUSEHAM SPRAYERS LIMITED, ROUGHTON MOOR, WOODHALL SPA, LINCOLNSHIRE, ENGLAND, LN10 6YQ | 02651880 | 0000-00-00 | 0 | 0 |
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 |
---|---|---|---|---|
LETTUS GROW LTD | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 2.5% | 4.9% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.5% | 2.1% | 4.2% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |