highgate 2 limited
highgate 2 limited Company Information
Company Number
11169093
Website
-Registered Address
connaught street tunstall, stoke-on-trent, ST6 5TQ
Industry
Buying and selling of own real estate
Development of building projects
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
tile mountain limited 100%
highgate 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGATE 2 LIMITED at £482.5k based on a Turnover of £358.4k and 1.35x industry multiple (adjusted for size and gross margin).
highgate 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGATE 2 LIMITED at £0 based on an EBITDA of £-45.9k and a 4.37x industry multiple (adjusted for size and gross margin).
highgate 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGATE 2 LIMITED at £150.5k based on Net Assets of £111.1k and 1.35x industry multiple (adjusted for liquidity).
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Highgate 2 Limited Overview
Highgate 2 Limited is a live company located in stoke-on-trent, ST6 5TQ with a Companies House number of 11169093. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 2018, it's largest shareholder is tile mountain limited with a 100% stake. Highgate 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £358.4k with declining growth in recent years.
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Highgate 2 Limited Health Check
Pomanda's financial health check has awarded Highgate 2 Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £358.4k, make it smaller than the average company (£1.6m)
- Highgate 2 Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -70%, show it is growing at a slower rate (1.7%)
- Highgate 2 Limited
1.7% - Industry AVG
Production
with a gross margin of 47.9%, this company has a comparable cost of product (47.9%)
- Highgate 2 Limited
47.9% - Industry AVG
Profitability
an operating margin of -14.2% make it less profitable than the average company (26.4%)
- Highgate 2 Limited
26.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (5)
3 - Highgate 2 Limited
5 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
- Highgate 2 Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £119.5k, this is less efficient (£236.4k)
- Highgate 2 Limited
£236.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Highgate 2 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
- Highgate 2 Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Highgate 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Highgate 2 Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (69%)
98.2% - Highgate 2 Limited
69% - Industry AVG
highgate 2 limited Credit Report and Business Information
Highgate 2 Limited Competitor Analysis
Perform a competitor analysis for highgate 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
highgate 2 limited Ownership
HIGHGATE 2 LIMITED group structure
Highgate 2 Limited has no subsidiary companies.
highgate 2 limited directors
Highgate 2 Limited currently has 4 directors. The longest serving directors include Mr Mohammed Iqbal (Jan 2018) and Mr Jeremy Harris (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Iqbal | United Kingdom | 51 years | Jan 2018 | - | Director |
| Mr Jeremy Harris | England | 52 years | Aug 2021 | - | Director |
| Mr Nicholas Ounstead | England | 63 years | Aug 2021 | - | Director |
| Mr Jeremy Harris | United Kingdom | 52 years | Aug 2021 | - | Director |
HIGHGATE 2 LIMITED financials
Highgate 2 Limited's latest turnover from December 2022 is estimated at £358.4 thousand and the company has net assets of £111.1 thousand. According to their latest financial statements, Highgate 2 Limited has 3 employees and maintains cash reserves of £28.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 3 | 3 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 6,264,582 | 6,269,560 | 6,276,892 | 6,286,869 | 300,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,264,582 | 6,269,560 | 6,276,892 | 6,286,869 | 300,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 1,185,601 | 700,421 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 4,815 | 1,650,609 | 23,265 | 0 |
| Cash | 28,585 | 16,245 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 9,000 |
| total current assets | 28,585 | 21,060 | 1,650,609 | 1,208,866 | 709,421 |
| total assets | 6,293,167 | 6,290,620 | 7,927,501 | 7,495,735 | 1,009,421 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13 | 1,499 | 0 | 1,453,838 | 0 |
| Group/Directors Accounts | 4,480,000 | 4,618,093 | 1,250,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 62,912 | 660,316 | 6,693,974 | 0 | 0 |
| total current liabilities | 4,542,925 | 5,279,908 | 7,943,974 | 1,453,838 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 1,500 | 0 |
| other liabilities | 1,357,251 | 849,502 | 0 | 6,111,139 | 1,009,321 |
| provisions | 281,907 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,639,158 | 849,502 | 0 | 6,112,639 | 1,009,321 |
| total liabilities | 6,182,083 | 6,129,410 | 7,943,974 | 7,566,477 | 1,009,321 |
| net assets | 111,084 | 161,210 | -16,473 | -70,742 | 100 |
| total shareholders funds | 111,084 | 161,210 | -16,473 | -70,742 | 100 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 4,978 | 7,332 | |||
| Amortisation | 0 | 0 | |||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,815 | -1,645,794 | 441,743 | 508,445 | 700,421 |
| Creditors | -1,486 | 1,499 | -1,453,838 | 1,453,838 | 0 |
| Accruals and Deferred Income | -597,404 | -6,033,658 | 6,692,474 | 1,500 | 0 |
| Deferred Taxes & Provisions | 281,907 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -138,093 | 3,368,093 | 1,250,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 507,749 | 849,502 | -6,111,139 | 5,101,818 | 1,009,321 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 12,340 | 16,245 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 12,340 | 16,245 | 0 | 0 | 0 |
P&L
December 2022turnover
358.4k
-4%
operating profit
-50.9k
0%
gross margin
47.9%
+1.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
111.1k
-0.31%
total assets
6.3m
0%
cash
28.6k
+0.76%
net assets
Total assets minus all liabilities
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highgate 2 limited company details
company number
11169093
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
41100 - Development of building projects
incorporation date
January 2018
age
6
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
connaught street tunstall, stoke-on-trent, ST6 5TQ
last accounts submitted
December 2022
highgate 2 limited Charges & Mortgages
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 3 charges/mortgages relating to highgate 2 limited. Currently there are 2 open charges and 1 have been satisfied in the past.
highgate 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
