Ashmede Lettings Limited

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ashmede lettings limited Company Information

Live

MatureSmallDeclining

Company Number

03563114

Website

Registered Address

mulberry house, 18a, ashfield lane, chislehurst, kent, BR7 6LQ

Industry

Management of real estate on a fee or contract basis

Real estate agencies

Telephone

02084630666

Next Accounts Due

August 2024

Group Structure

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Directors

Jeremy Comber1 Years

Shareholders

denise comber 50%

jeremy comber 50%

ashmede lettings limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of ASHMEDE LETTINGS LIMITED at £1.7m based on a Turnover of £1.4m and 1.21x industry multiple (adjusted for size and gross margin).

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Ashmede Lettings Limited is a live company located in chislehurst, BR7 6LQ with a Companies House number of 03563114. It operates in the real estate agencies sector, SIC Code 68310. Founded in May 1998, it's largest shareholder is denise comber with a 50% stake. Ashmede Lettings Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Ashmede Lettings Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £1.4m, make it larger than the average company (£1m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASHMEDE LETTINGS LIMITED group structure

Ashmede Lettings Limited has no subsidiary companies.

Ultimate parent company

ASHMEDE LETTINGS LIMITED

03563114

ASHMEDE LETTINGS LIMITED Shareholders

denise comber	50%
jeremy comber	50%

Ashmede Lettings Limited currently has 1 director, Mr Jeremy Comber serving since Nov 2022.

officer	country	age	start	end	role
Mr Jeremy Comber	England	66 years	Nov 2022	-	Director

EXPORT

Ashmede Lettings Limited's latest turnover from November 2022 is estimated at £1.4 million and the company has net assets of £12 thousand. According to their latest financial statements, Ashmede Lettings Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,416,890	1,972,863	2,145,485	2,042,834	2,709,732	2,639,815	3,193,380	85,675	33,059	31,625	33,928	170,511	164,280	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,004,854	1,386,489	1,542,217	1,452,796	1,905,334	1,688,069	1,975,867	52,577	21,432	21,185	22,539	116,153	116,246	0
Gross Profit	412,037	586,374	603,268	590,038	804,398	951,745	1,217,513	33,098	11,627	10,440	11,389	54,358	48,033	0
Admin Expenses	674,928	471,621	526,246	546,855	767,504	956,657	1,208,448	25,885	-391	12,247	-235	95,335	15,925	-46,661
Operating Profit	-262,891	114,753	77,022	43,183	36,894	-4,912	9,065	7,213	12,018	-1,807	11,624	-40,977	32,108	46,661
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	821	3,151	2,845	2,588	2,446	2,338	2,132	990
Pre-Tax Profit	-262,891	114,753	77,022	43,183	36,894	-4,912	9,886	10,364	14,863	781	14,070	-38,639	34,240	47,651
Tax	0	-21,803	-14,634	-8,205	-7,010	0	-1,977	-2,073	-3,121	-180	-3,377	0	-9,587	-13,342
Profit After Tax	-262,891	92,950	62,388	34,978	29,884	-4,912	7,909	8,291	11,742	601	10,693	-38,639	24,653	34,309
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-262,891	92,950	62,388	34,978	29,884	-4,912	7,909	8,291	11,742	601	10,693	-38,639	24,653	34,309
Employee Costs	198,154	184,057	186,100	226,845	695,099	654,947	760,272	35,730	35,531	33,182	32,594	67,111	67,741	0
Number Of Employees	5	5	5	6	20	19	21	1	1	1	1	2	2	0
EBITDA*	-262,891	114,753	77,022	43,183	36,894	-4,912	9,065	8,050	13,134	1,449	15,695	-35,723	32,108	52,717

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	335	14,447	14,596	14,795	15,060	15,414	15,885	16,513	17,350	18,466	26,215	29,764	32,690	32,170
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	335	14,447	14,596	14,795	15,060	15,414	15,885	16,513	17,350	18,466	26,215	29,764	32,690	32,170
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	641,601	1,007,691	919,135	872,595	746,406	688,302	719,479	14,350	2,998	2,142	2,655	30,360	0	500
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	657,158	603,100	535,039	500,093	478,217	456,877	396,048
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	641,601	1,007,691	919,135	872,595	746,406	688,302	719,479	671,508	606,098	537,181	502,748	508,577	456,877	396,548
total assets	641,936	1,022,138	933,731	887,390	761,466	703,716	735,364	688,021	623,448	555,647	528,963	538,341	489,567	428,718
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	629,980	747,291	751,834	767,881	676,935	649,069	675,805	636,369	580,087	524,028	497,945	518,016	430,603	394,407
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	629,980	747,291	751,834	767,881	676,935	649,069	675,805	636,369	580,087	524,028	497,945	518,016	430,603	394,407
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	629,980	747,291	751,834	767,881	676,935	649,069	675,805	636,369	580,087	524,028	497,945	518,016	430,603	394,407
net assets	11,956	274,847	181,897	119,509	84,531	54,647	59,559	51,652	43,361	31,619	31,018	20,325	58,964	34,311
total shareholders funds	11,956	274,847	181,897	119,509	84,531	54,647	59,559	51,652	43,361	31,619	31,018	20,325	58,964	34,311

	Nov 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-262,891	114,753	77,022	43,183	36,894	-4,912	9,065	7,213	12,018	-1,807	11,624	-40,977	32,108	46,661
Depreciation	0	0	0	0	0	0	0	837	1,116	3,256	4,071	5,254	0	6,056
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-21,803	-14,634	-8,205	-7,010	0	-1,977	-2,073	-3,121	-180	-3,377	0	-9,587	-13,342
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-366,090	88,556	46,540	126,189	58,104	-31,177	705,129	11,352	856	-513	-27,705	30,360	-500	500
Creditors	-117,311	-4,543	-16,047	90,946	27,866	-26,736	39,436	56,282	56,059	26,083	-20,071	87,413	36,196	394,407
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-14,112	-149	-199	-265	-354	-471	-658,605	50,907	65,216	27,865	19,952	21,330	59,217	433,282
Investing Activities
capital expenditure	14,112	149	199	265	354	471	628	0	0	4,493	-522	-2,328	-520	-38,226
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	14,112	149	199	265	354	471	628	0	0	4,493	-522	-2,328	-520	-38,226
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	821	3,151	2,845	2,588	2,446	2,338	2,132	990
cash flow from financing	0	0	0	0	0	0	819	3,151	2,845	2,588	2,446	2,338	2,132	992
cash and cash equivalents
cash	0	0	0	0	0	0	-657,158	54,058	68,061	34,946	21,876	21,340	60,829	396,048
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-657,158	54,058	68,061	34,946	21,876	21,340	60,829	396,048

P&L

November 2022

turnover

1.4m

-28%

operating profit

-262.9k

gross margin

29.1%

-2.16%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2022

net assets

12k

-0.96%

total assets

641.9k

-0.37%

cash

net assets

Total assets minus all liabilities

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3.5

company number

03563114

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

68310 - Real estate agencies

incorporation date

May 1998

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

mulberry house, 18a, ashfield lane, chislehurst, kent, BR7 6LQ

last accounts submitted

November 2022

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 did not find charges/mortgages relating to ashmede lettings limited.

ashmede lettings limited Company Information

ashmede lettings limited Estimated Valuation

ashmede lettings limited Estimated Valuation

ashmede lettings limited Estimated Valuation

Ashmede Lettings Limited AI Business Plan

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ASHMEDE LETTINGS LIMITED financials

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