Simmo Developments Limited

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simmo developments limited Company Information

Live

EstablishedSmallHealthy

Company Number

05734464

Website

Registered Address

5 crescent east, thornton cleveleys, lancashire, FY5 3LJ

Industry

Development of building projects

Telephone

Next Accounts Due

November 2025

Group Structure

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Directors

Michael Simmons18 Years

Matthew Hughes17 Years

Shareholders

michael john simmons 50%

matthew robert hughes 25%

View All

simmo developments limited Estimated Valuation

£622k

Pomanda estimates the enterprise value of SIMMO DEVELOPMENTS LIMITED at £622k based on a Turnover of £2m and 0.31x industry multiple (adjusted for size and gross margin).

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Simmo Developments Limited is a live company located in lancashire, FY5 3LJ with a Companies House number of 05734464. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2006, it's largest shareholder is michael john simmons with a 50% stake. Simmo Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Simmo Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £2m, make it in line with the average company (£2.3m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SIMMO DEVELOPMENTS LIMITED group structure

Simmo Developments Limited has no subsidiary companies.

Ultimate parent company

SIMMO DEVELOPMENTS LIMITED

05734464

SIMMO DEVELOPMENTS LIMITED Shareholders

michael john simmons	50%
matthew robert hughes	25%
shirley hughes	25%

Simmo Developments Limited currently has 2 directors. The longest serving directors include Mr Michael Simmons (Mar 2006) and Mr Matthew Hughes (Mar 2007).

officer	country	age	start	end	role
Mr Michael Simmons	England	61 years	Mar 2006	-	Director
Mr Matthew Hughes	England	77 years	Mar 2007	-	Director

EXPORT

Simmo Developments Limited's latest turnover from February 2024 is estimated at £2 million and the company has net assets of -£256.8 thousand. According to their latest financial statements, we estimate that Simmo Developments Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,984,256	1,763,051	1,767,857	1,733,084	1,934,984	1,896,325	1,849,195	1,916,959	63,026	71,446	69,357	65,661	66,415	60,025	1,461,863
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,800,871	1,598,837	1,619,173	1,572,372	1,742,398	1,698,745	1,649,401	1,690,086	55,865	63,470	61,759	58,670	59,935	53,818	1,328,429
Gross Profit	183,385	164,215	148,684	160,712	192,586	197,581	199,794	226,873	7,161	7,976	7,598	6,991	6,480	6,207	133,435
Admin Expenses	200,091	175,253	156,567	176,448	206,353	211,162	211,502	242,836	21,209	25,823	19,748	22,134	26,025	22,847	188,495
Operating Profit	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,847	-12,150	-15,143	-19,545	-16,640	-55,060
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	2	3	3	3	3	2
Pre-Tax Profit	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,845	-12,148	-15,140	-19,542	-16,637	-55,058
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,845	-12,148	-15,140	-19,542	-16,637	-55,058
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,845	-12,148	-15,140	-19,542	-16,637	-55,058
Employee Costs	142,024	138,595	133,496	131,398	130,853	129,285	126,681	123,002	39,751	38,574	37,068	35,441	34,779	33,984	105,934
Number Of Employees	3	3	3	3	3	3	3	3	1	1	1	1	1	1	3
EBITDA*	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,847	-12,150	-15,143	-19,545	-16,640	-55,060

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	188,677
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,677	188,679	188,679	188,679
Stock & work in progress	0	0	0	0	0	0	0	0	641,232	641,232	641,232	639,429	639,429	639,429	634,906
Trade Debtors	688,188	682,949	680,679	681,020	678,592	676,870	673,229	666,381	1,741	1,561	1,479	1,471	585	1,670	39,723
Group Debtors	0	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	0
Cash	0	0	0	0	0	0	0	0	29	108	825	174	844	199	811
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	688,188	682,949	680,679	681,020	678,592	676,870	673,229	666,381	643,002	642,901	643,536	641,074	640,858	641,298	675,440
total assets	876,865	871,626	869,356	869,697	867,269	865,547	861,906	855,058	831,679	831,578	832,213	829,751	829,537	829,977	864,119
Bank overdraft	0	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	0
Trade Creditors	70,962	70,371	69,579	62,325	68,109	57,135	44,719	35,348	25,554	26,911	26,698	29,434	29,241	24,367	919,077
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0
total current liabilities	70,962	70,371	69,579	62,325	68,109	57,135	44,719	35,348	25,554	26,911	26,698	29,434	29,241	24,367	919,077
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,062,703	1,041,349	1,028,833	1,028,545	1,004,597	1,000,082	995,276	986,091	956,443	940,937	923,940	906,594	891,433	877,205	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,062,703	1,041,349	1,028,833	1,028,545	1,004,597	1,000,082	995,276	986,091	956,443	940,937	923,940	906,594	891,433	877,205	0
total liabilities	1,133,665	1,111,720	1,098,412	1,090,870	1,072,706	1,057,217	1,039,995	1,021,439	981,997	967,848	950,638	936,028	920,674	901,572	919,077
net assets	-256,800	-240,094	-229,056	-221,173	-205,437	-191,670	-178,089	-166,381	-150,318	-136,270	-118,425	-106,277	-91,137	-71,595	-54,958
total shareholders funds	-256,800	-240,094	-229,056	-221,173	-205,437	-191,670	-178,089	-166,381	-150,318	-136,270	-118,425	-106,277	-91,137	-71,595	-54,958

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-16,706	-11,038	-7,883	-15,736	-13,767	-13,581	-11,708	-15,963	-14,048	-17,847	-12,150	-15,143	-19,545	-16,640	-55,060
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	-641,232	0	0	1,803	0	0	4,523	634,906
Debtors	5,239	2,270	-341	2,428	1,722	3,641	6,848	664,640	180	82	8	886	-1,085	-38,053	39,723
Creditors	591	792	7,254	-5,784	10,974	12,416	9,371	9,794	-1,357	213	-2,736	193	4,874	-894,710	919,077
Accruals and Deferred Income	0	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	0
Cash flow from operations	-21,354	-12,516	-288	-23,948	-4,515	-4,806	-9,185	-29,577	-15,585	-17,716	-16,697	-15,836	-13,586	-877,820	189,388
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-188,677
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-2	0	0	2
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	2	0	0	-188,679
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	21,354	12,516	288	23,948	4,515	4,806	9,185	29,648	15,506	16,997	17,346	15,161	14,228	877,205	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	0	0	2	3	3	3	3	2
cash flow from financing	21,354	12,516	288	23,948	4,515	4,806	9,185	29,548	15,506	16,999	17,349	15,164	14,231	877,208	102
cash and cash equivalents
cash	0	0	0	0	0	0	0	-29	-79	-717	651	-670	645	-612	811
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-29	-79	-717	651	-670	645	-612	811

P&L

February 2024

turnover

+13%

operating profit

-16.7k

gross margin

9.3%

-0.78%

turnover

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

Balance Sheet

February 2024

net assets

-256.8k

+0.07%

total assets

876.9k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

05734464

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

March 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

5 crescent east, thornton cleveleys, lancashire, FY5 3LJ

last accounts submitted

February 2024

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 found 2 charges/mortgages relating to simmo developments limited. Currently there are 2 open charges and 0 have been satisfied in the past.

simmo developments limited Company Information

simmo developments limited Estimated Valuation

simmo developments limited Estimated Valuation

simmo developments limited Estimated Valuation

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