How much does L.a.c. Conveyor Systems Limited make?

L.a.c. Conveyor Systems Limited reported revenue of £38.4m and £4.3m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does L.a.c. Conveyor Systems Limited have?

L.a.c. Conveyor Systems Limited reported an average of 91 employees in the year to 31 Dec 2023.

Is L.a.c. Conveyor Systems Limited profitable?

Yes — L.a.c. Conveyor Systems Limited reported a profit of £4.3m in the year to 31 Dec 2023.

Company No. 06365584 · Incorporated 10 Sep 2007

L.a.c. Conveyor Systems Limited

Registered name: L.A.C. CONVEYOR SYSTEMS LIMITED

Part of SG GF Holding Limited group

L.a.c. Conveyor Systems Limited made £38.4m revenue and £4.3m profit in the year to 31 Dec 2023.

L.a.c. Conveyor Systems Limited’s revenue was £38.4m in the year to 31 Dec 2023, with £4.3m profit and 91 employees. The company is classified under “other business support service activities” and is based in Swansea; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Swansea, Wales
Age: 19 yrs · since 2007
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£38.4m

Growth —

Profit

£4.3m

Growth —

Profit margin

11.2%

Gross 26.5%

Employees

Change —

Profit / employee

£47.3k

Revenue/employee £422k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.7m	£38.4m
Cost of sales	£20.4m	£28.2m
Gross profit	£7.3m	£10.2m
Operating profit	£4.4m	£5.6m
Profit before tax	£4.4m	£5.7m
Profit after tax	£4.4m	£4.3m
Profit (best available)	£4.4m	£4.3m
Staff costs	£4.8m	£6.1m
Employees (average)	81	91
Ratios
Profit margin	15.8%	11.2%
Gross margin	26.3%	26.5%
Revenue per employee	£342k	£422k
Profit per employee	£54.2k	£47.3k
Cash conversion	−99.8%	−158.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£6m	£11.3m
Net assets	£8.7m	£9.6m
Fixed assets	£51.5k	£146k
Current assets	£17.8m	£18.9m
Debtors	£10m	£6.4m
Deferred income	£3.7m	£5.3m
Cash from operations	−£4.3m	−£8.9m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 11.2%; Profit ÷ revenue.
Gross margin: 26.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £422k; Revenue ÷ average employees.
Profit per employee: £47.3k; Profit ÷ average employees.
Cash conversion: −158.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £9.6m
Cash at bank: —; Now £11.3m
Headcount: —; Now 91
Deferred income: —; Now £5.3m
Fixed assets: —; Now £146k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

SG GF Holding Limitedultimate parent75–100%
Vale Manufacturing Ltd75–100%
L.a.c. Conveyor Systems Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Five Maples LimitedRev. £0 · Profit £42k

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £4.3m), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.