folgate estates limited
folgate estates limited Company Information
Company Number
00346496
Website
-Registered Address
hiview house, highgate road, london, NW5 1TN
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
02072674366
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
folgate holdings ltd 100%
folgate estates limited Estimated Valuation
Pomanda estimates the enterprise value of FOLGATE ESTATES LIMITED at £33m based on a Turnover of £8.5m and 3.89x industry multiple (adjusted for size and gross margin).
folgate estates limited Estimated Valuation
Pomanda estimates the enterprise value of FOLGATE ESTATES LIMITED at £97.6m based on an EBITDA of £11.1m and a 8.81x industry multiple (adjusted for size and gross margin).
folgate estates limited Estimated Valuation
Pomanda estimates the enterprise value of FOLGATE ESTATES LIMITED at £385.2m based on Net Assets of £243.2m and 1.58x industry multiple (adjusted for liquidity).
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Folgate Estates Limited Overview
Folgate Estates Limited is a live company located in london, NW5 1TN with a Companies House number of 00346496. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 1938, it's largest shareholder is folgate holdings ltd with a 100% stake. Folgate Estates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.5m with healthy growth in recent years.
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Folgate Estates Limited Health Check
Pomanda's financial health check has awarded Folgate Estates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £8.5m, make it larger than the average company (£864.5k)
£8.5m - Folgate Estates Limited
£864.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (1.3%)
9% - Folgate Estates Limited
1.3% - Industry AVG
Production
with a gross margin of 91.1%, this company has a lower cost of product (70.1%)
91.1% - Folgate Estates Limited
70.1% - Industry AVG
Profitability
an operating margin of 130.8% make it more profitable than the average company (34.4%)
130.8% - Folgate Estates Limited
34.4% - Industry AVG
Employees
with 7 employees, this is above the industry average (4)
7 - Folgate Estates Limited
4 - Industry AVG
Pay Structure
on an average salary of £89.6k, the company has a higher pay structure (£31.1k)
£89.6k - Folgate Estates Limited
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£188.8k)
£1.2m - Folgate Estates Limited
£188.8k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (34 days)
34 days - Folgate Estates Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (33 days)
9 days - Folgate Estates Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Folgate Estates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 193 weeks, this is more cash available to meet short term requirements (13 weeks)
193 weeks - Folgate Estates Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (69.8%)
17.7% - Folgate Estates Limited
69.8% - Industry AVG
FOLGATE ESTATES LIMITED financials
Folgate Estates Limited's latest turnover from December 2022 is £8.5 million and the company has net assets of £243.2 million. According to their latest financial statements, Folgate Estates Limited has 7 employees and maintains cash reserves of £39.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,472,277 | 9,703,368 | 6,382,543 | 6,474,210 | 5,877,897 | 5,383,180 | 5,413,049 | 4,606,775 | 5,248,715 | 4,963,735 | 5,798,934 | 13,193,993 | 21,113,702 | 13,527,496 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 757,801 | 2,188,281 | 474,128 | 614,579 | 717,274 | 219,528 | 66,725 | 259,301 | 26,973 | 518,622 | 782,172 | 5,321,522 | 13,489,367 | |
| Gross Profit | 7,714,476 | 7,515,087 | 5,908,415 | 5,859,631 | 5,160,623 | 5,163,652 | 5,346,324 | 4,347,474 | 5,221,742 | 4,445,113 | 5,016,762 | 7,872,471 | 7,624,335 | |
| Admin Expenses | -3,368,566 | -32,088,928 | -20,037,328 | -12,576,660 | 929,086 | 562,608 | 304,352 | 2,638,334 | 1,947,672 | 536,220 | 357,929 | 414,565 | 578,574 | |
| Operating Profit | 11,083,042 | 39,604,015 | 25,945,743 | 18,436,291 | 4,231,537 | 4,601,044 | 5,041,972 | 1,709,140 | 3,274,070 | 3,908,893 | 4,658,833 | 7,457,906 | 7,045,761 | 7,625,311 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,784 | 0 | 0 | 1,551 | 0 |
| Interest Receivable | 467,061 | 95,243 | 159,375 | 144,684 | 72,794 | 27,542 | 111,927 | 145,259 | 187,280 | 292,853 | 345,203 | 249,426 | 330,167 | 169,037 |
| Pre-Tax Profit | 11,550,103 | 39,699,258 | 26,105,118 | 18,580,975 | 28,717,403 | 22,344,452 | 22,562,144 | 18,111,439 | 13,448,187 | 6,112,962 | 5,004,036 | 7,707,332 | 7,374,377 | 8,017,946 |
| Tax | -2,684,629 | -16,653,639 | -6,666,216 | -3,540,941 | -5,004,536 | -3,113,633 | -2,359,151 | -1,786,592 | -3,054,555 | -1,226,681 | -1,177,202 | -2,078,198 | -2,022,058 | -2,181,988 |
| Profit After Tax | 8,865,474 | 23,045,619 | 19,438,902 | 15,040,034 | 23,712,867 | 19,230,819 | 20,202,993 | 16,324,847 | 10,393,632 | 4,886,281 | 3,826,834 | 5,629,134 | 5,352,319 | 5,835,958 |
| Dividends Paid | 3,000,000 | 2,500,000 | 3,000,000 | 3,000,000 | 5,600,000 | 2,000,000 | 0 | 12,953,059 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 5,865,474 | 20,545,619 | 16,438,902 | 12,040,034 | 18,112,867 | 17,230,819 | 20,202,993 | 3,371,788 | 10,393,632 | 4,886,281 | 3,826,834 | 5,629,134 | 5,352,319 | 5,835,958 |
| Employee Costs | 627,319 | 591,991 | 436,937 | 343,852 | 361,129 | 262,957 | 372,039 | 318,848 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 7 | 7 | 7 | 7 | 7 | 7 | 3 | 3 | 3 | |||||
| EBITDA* | 11,083,042 | 39,604,015 | 25,945,743 | 18,436,291 | 4,231,537 | 4,601,044 | 5,041,972 | 1,709,140 | 3,274,070 | 3,908,893 | 4,658,833 | 7,457,906 | 7,045,761 | 7,625,311 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,354,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 225,504,224 | 220,524,489 | 182,215,072 | 157,325,496 | 151,878,062 | 132,271,203 | 114,188,203 | 101,731,202 | 93,526,202 | 75,855,703 | 60,045,129 | 57,096,102 | 55,996,102 | 26,102 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 225,504,224 | 220,524,489 | 182,215,072 | 157,325,496 | 151,878,062 | 132,271,203 | 114,188,203 | 101,731,202 | 93,526,202 | 75,855,703 | 60,045,129 | 57,096,102 | 55,996,102 | 61,380,102 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,000 | 185,000 | 185,000 | 185,000 | 967,172 | 6,293,080 | 18,838,762 |
| Trade Debtors | 799,205 | 68,870 | 472,241 | 0 | 758,670 | 16,982 | 123,257 | 395,651 | 475,748 | 399,549 | 0 | 0 | 0 | 0 |
| Group Debtors | 28,460,514 | 26,660,608 | 28,940,951 | 27,362,047 | 28,643,404 | 30,790,228 | 23,500,698 | 13,644,066 | 866,852 | 1,742,308 | 2,134,527 | 2,646,836 | 3,324,731 | 3,391,266 |
| Misc Debtors | 1,316,761 | 474,534 | 1,384,788 | 935,320 | 963,455 | 2,464,613 | 1,365,446 | 1,371,608 | 413,726 | 2,381,605 | 336,870 | 843,270 | 415,742 | 248,777 |
| Cash | 39,457,912 | 35,306,867 | 35,565,704 | 39,176,378 | 28,062,563 | 22,715,700 | 28,448,010 | 28,030,280 | 44,566,616 | 51,084,071 | 49,198,692 | 42,512,480 | 32,329,219 | 16,134,298 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 70,034,392 | 62,510,879 | 66,363,684 | 67,473,745 | 58,428,092 | 55,987,523 | 53,437,411 | 43,611,605 | 46,507,942 | 55,792,533 | 51,855,089 | 46,969,758 | 42,362,772 | 38,613,103 |
| total assets | 295,538,616 | 283,035,368 | 248,578,756 | 224,799,241 | 210,306,154 | 188,258,726 | 167,625,614 | 145,342,807 | 140,034,144 | 131,648,236 | 111,900,218 | 104,065,860 | 98,358,874 | 99,993,205 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,067 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,066 | 4,140 | 0 | 241,644 | 179,949 | 146,177 | 28,889 | 59,993 | 15,838 | 4,929,600 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,573,756 | 1,521,085 | 4,872,672 | 1,527,936 | 0 | 14,864 | 307,927 | 1,625,765 | 1,690,142 | 405,317 | 726,796 | 289,440 | 506,772 | 1,345,518 |
| 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 | 4,995,319 | 3,605,214 | 1,999,822 | 3,147,569 | 1,764,669 | 4,924,443 | 3,661,268 | 1,532,382 | 963,503 | 1,595,398 | 1,917,756 | 1,059,521 | 1,942,404 | 2,420,963 |
| total current liabilities | 10,588,141 | 5,130,439 | 6,872,494 | 4,917,149 | 1,944,618 | 5,085,484 | 3,998,084 | 3,218,140 | 2,669,483 | 6,930,315 | 2,644,552 | 1,352,028 | 2,449,176 | 3,766,481 |
| loans | 0 | 0 | 0 | 2,438,837 | 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 | 1,806,027 | 1,803,082 | 1,676,255 | 0 | 3,243,031 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 39,957,726 | 38,780,599 | 23,254,378 | 17,106,528 | 16,821,812 | 12,989,416 | 10,674,523 | 9,374,653 | 7,986,435 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 41,763,753 | 40,583,681 | 24,930,633 | 19,545,365 | 20,064,843 | 12,989,416 | 10,674,523 | 9,374,653 | 7,986,435 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 52,351,894 | 45,714,120 | 31,803,127 | 24,462,514 | 22,009,461 | 18,074,900 | 14,672,607 | 12,592,793 | 10,655,918 | 6,930,315 | 2,644,552 | 1,352,028 | 2,449,176 | 3,766,481 |
| net assets | 243,186,722 | 237,321,248 | 216,775,629 | 200,336,727 | 188,296,693 | 170,183,826 | 152,953,007 | 132,750,014 | 129,378,226 | 124,717,921 | 109,255,666 | 102,713,832 | 95,909,698 | 96,226,724 |
| total shareholders funds | 243,186,722 | 237,321,248 | 216,775,629 | 200,336,727 | 188,296,693 | 170,183,826 | 152,953,007 | 132,750,014 | 129,378,226 | 124,717,921 | 109,255,666 | 102,713,832 | 95,909,698 | 96,226,724 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 11,083,042 | 39,604,015 | 25,945,743 | 18,436,291 | 4,231,537 | 4,601,044 | 5,041,972 | 1,709,140 | 3,274,070 | 3,908,893 | 4,658,833 | 7,457,906 | 7,045,761 | 7,625,311 |
| Depreciation | 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 |
| Tax | -2,684,629 | -16,653,639 | -6,666,216 | -3,540,941 | -5,004,536 | -3,113,633 | -2,359,151 | -1,786,592 | -3,054,555 | -1,226,681 | -1,177,202 | -2,078,198 | -2,022,058 | -2,181,988 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -170,000 | -15,000 | 0 | 0 | -782,172 | -5,325,908 | -12,545,682 | 18,838,762 |
| Debtors | 3,372,468 | -3,593,968 | 2,500,613 | -2,068,162 | -2,906,294 | 8,282,422 | 9,578,076 | 13,654,999 | -2,767,136 | 2,052,065 | -1,018,709 | -250,367 | 100,430 | 3,640,043 |
| Creditors | 14,926 | 4,140 | -241,644 | 61,695 | 33,772 | 117,288 | -31,104 | 44,155 | -4,913,762 | 4,929,600 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,390,105 | 1,605,392 | -1,147,747 | 1,382,900 | -3,159,774 | 1,263,175 | 2,128,886 | 568,879 | -631,895 | -322,358 | 858,235 | -882,883 | -478,559 | 2,420,963 |
| Deferred Taxes & Provisions | 1,177,127 | 15,526,221 | 6,147,850 | 284,716 | 3,832,396 | 2,314,893 | 1,299,870 | 1,388,218 | 7,986,435 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,608,103 | 43,680,097 | 21,537,373 | 18,692,823 | 2,839,689 | -3,099,655 | -3,327,603 | -11,716,199 | 5,427,429 | 5,237,389 | 6,140,747 | 10,073,100 | 16,990,396 | -14,614,519 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 4,979,735 | 38,309,417 | 24,889,576 | 5,447,434 | 19,606,859 | 18,083,000 | 12,457,001 | 8,205,000 | 17,670,499 | 15,810,574 | 2,949,027 | 1,100,000 | 55,970,000 | 26,102 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,052,671 | -3,351,587 | 3,344,736 | 1,527,936 | -14,864 | -293,063 | -1,317,838 | -64,377 | 1,284,825 | -321,479 | 437,356 | -217,332 | -838,746 | 1,345,518 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -2,438,837 | 2,438,837 | 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 | 2,945 | 126,827 | 1,676,255 | -3,243,031 | 3,243,031 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 467,061 | 95,243 | 159,375 | 144,684 | 72,794 | 27,542 | 111,927 | 145,259 | 187,280 | 289,069 | 345,203 | 249,426 | 328,616 | 169,037 |
| cash flow from financing | 4,522,677 | -3,129,517 | 2,741,529 | 868,426 | 3,300,961 | -265,521 | -1,205,911 | 80,882 | -4,261,222 | 10,543,564 | 3,497,559 | 1,207,094 | -6,179,475 | 91,905,321 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,151,045 | -258,837 | -3,610,674 | 11,113,815 | 5,346,863 | -5,732,310 | 417,730 | -16,536,336 | -6,517,455 | 1,885,379 | 6,686,212 | 10,183,261 | 16,194,921 | 16,134,298 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,067 | 3,067 | 0 | 0 |
| change in cash | 4,151,045 | -258,837 | -3,610,674 | 11,113,815 | 5,346,863 | -5,732,310 | 417,730 | -16,536,336 | -6,517,455 | 1,885,379 | 6,689,279 | 10,180,194 | 16,194,921 | 16,134,298 |
folgate estates limited Credit Report and Business Information
Folgate Estates Limited Competitor Analysis
Perform a competitor analysis for folgate estates limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
folgate estates limited Ownership
FOLGATE ESTATES LIMITED group structure
Folgate Estates Limited has 6 subsidiary companies.
Ultimate parent company
MARYLAND LTD
#0005645
2 parents
FOLGATE ESTATES LIMITED
00346496
6 subsidiaries
folgate estates limited directors
Folgate Estates Limited currently has 6 directors. The longest serving directors include Mr Paul Brosnahan (Jul 2006) and Mr Andrew Wilson (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Brosnahan | 73 years | Jul 2006 | - | Director | |
| Mr Andrew Wilson | 70 years | Apr 2014 | - | Director | |
| Mr James Murphy | 39 years | Jul 2016 | - | Director | |
| Ms Clare Mara | 49 years | Jul 2016 | - | Director | |
| Mrs Deborah Lodge | 55 years | Jul 2016 | - | Director | |
| Dr Karina Murphy | 40 years | Feb 2018 | - | Director |
P&L
December 2022turnover
8.5m
-13%
operating profit
11.1m
-72%
gross margin
91.1%
+17.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
243.2m
+0.02%
total assets
295.5m
+0.04%
cash
39.5m
+0.12%
net assets
Total assets minus all liabilities
folgate estates limited company details
company number
00346496
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 1938
age
86
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
hiview house, highgate road, london, NW5 1TN
last accounts submitted
December 2022
folgate estates 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 28 charges/mortgages relating to folgate estates limited. Currently there are 1 open charges and 27 have been satisfied in the past.
folgate estates limited Companies House Filings - See Documents
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