Downes Property Limited

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downes property limited Company Information

Live

MatureMicroLow

Company Number

00577683

Next Accounts

Dec 2025

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Ian Downes

Janet Downes

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Shareholders

ian james robert downes

daniel alexander downes

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Group Structure

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Contact

Registered Address

st. james house, 65 mere green road, sutton coldfield, west midlands, B75 5BY

Website

downesproperties.co.uk

downes property limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of DOWNES PROPERTY LIMITED at £7.2m based on Net Assets of £4.6m and 1.58x industry multiple (adjusted for liquidity).

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Downes Property Limited is a live company located in sutton coldfield, B75 5BY with a Companies House number of 00577683. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 1957, it's largest shareholder is ian james robert downes with a 65% stake. Downes Property Limited is a mature, micro sized company, Pomanda has estimated its turnover at £313.1k with low growth in recent years.

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Pomanda's financial health check has awarded Downes Property Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £313.1k, make it smaller than the average company (£940.2k)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.8%)

EXPORT

Downes Property Limited's latest turnover from March 2024 is estimated at £313.1 thousand and the company has net assets of £4.6 million. According to their latest financial statements, Downes Property Limited has 4 employees and maintains cash reserves of £354.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	313,142	316,242	298,789	304,749	163,653	208,085	205,956	158,663	240,379	387,092	231,561	208,477	298,857	209,800	161,695
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	75,038	81,369	76,222	75,745	42,074	54,422	51,570	40,007	67,825	129,594	75,033	63,414	91,184	67,046	49,678
Gross Profit	238,104	234,874	222,567	229,004	121,579	153,663	154,386	118,656	172,554	257,498	156,528	145,063	207,673	142,755	112,017
Admin Expenses	207,274	201,171	199,888	206,004	144,229	124,525	108,745	72,229	121,035	-421,012	199,389	200,349	132,554	151,255	-3,691,250
Operating Profit	30,830	33,703	22,679	23,000	-22,650	29,138	45,641	46,427	51,519	678,510	-42,861	-55,286	75,119	-8,500	3,803,267
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,600	15,721	2,495	317	327	1,769	574	233	605	1,223	1,778	2,008	2,022	2,697	1,750
Pre-Tax Profit	50,429	49,423	25,174	23,317	-22,323	30,906	46,215	46,660	52,124	679,733	-41,083	-53,278	77,141	-5,803	3,805,017
Tax	-12,607	-9,390	-4,783	-4,430	0	-5,872	-8,781	-9,332	-10,425	-142,744	0	0	-20,057	0	-1,065,405
Profit After Tax	37,822	40,033	20,391	18,887	-22,323	25,034	37,434	37,328	41,699	536,989	-41,083	-53,278	57,084	-5,803	2,739,612
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	37,822	40,033	20,391	18,887	-22,323	25,034	37,434	37,328	41,699	536,989	-41,083	-53,278	57,084	-5,803	2,739,612
Employee Costs	129,974	121,493	115,328	107,380	109,573	108,376	103,814	102,270	104,464	78,000	49,600	47,762	71,605	46,581	48,798
Number Of Employees	4	4	4	4	4	4	4	4	4	3	2	2	3	2	2
EBITDA*	31,599	34,716	24,016	24,766	-20,315	32,508	50,017	46,427	51,855	678,747	-42,582	-54,957	75,506	-7,836	3,804,011

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,507	3,276	4,289	5,626	7,392	9,727	13,097	17,473	4,443,149	4,341,976	4,541,859	4,257,138	4,207,467	4,332,854	4,333,518
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	4,403,333	4,403,333	4,403,333	4,328,333	4,203,333	4,278,333	4,614,895	4,473,926	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	0
Total Fixed Assets	4,405,840	4,406,609	4,407,622	4,333,959	4,210,725	4,288,060	4,627,992	4,491,399	4,443,149	4,341,976	4,541,859	4,257,138	4,207,467	4,332,854	4,333,518
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	18,257	22,118	26,104	29,499	625	625	3,199	2,792	4,114	5,808	825	825	10,600	1,131	12,197
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,134	2,753	2,753	5,921	225	6,721	225	1,542	225	0	0	0	0	0	0
Cash	354,387	392,270	347,525	317,791	316,226	338,173	133,456	96,080	90,446	151,512	337,587	373,482	429,738	378,860	699,840
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	376,778	417,141	376,382	353,211	317,076	345,519	136,880	100,414	94,785	157,320	338,412	374,307	440,338	379,991	712,037
total assets	4,782,618	4,823,750	4,784,004	4,687,170	4,527,801	4,633,579	4,764,872	4,591,813	4,537,934	4,499,296	4,880,271	4,631,445	4,647,805	4,712,845	5,045,555
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	4,541	1,928	1,653	3,120	4,541	0	0	3,838	0	386,474	268,241	263,282	276,364	273,488	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	525,055
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	214,995	274,312	274,574	271,364	254,461	267,207	263,967	261,340	283,513	0	0	0	0	0	75,340
total current liabilities	219,536	276,240	276,227	274,484	259,002	267,207	263,967	265,178	283,513	386,474	268,241	263,282	276,364	273,488	600,395
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	7,500	29,750	30,050	11,600	1,400	9,850	38,500	36,300	36,200	300	150	200	200	200	200
total long term liabilities	7,500	29,750	30,050	11,600	1,400	9,850	38,500	36,300	36,200	300	150	200	200	200	200
total liabilities	227,036	305,990	306,277	286,084	260,402	277,057	302,467	301,478	319,713	386,774	268,391	263,482	276,564	273,688	600,595
net assets	4,555,582	4,517,760	4,477,727	4,401,086	4,267,399	4,356,522	4,462,405	4,290,335	4,218,221	4,112,522	4,611,880	4,367,963	4,371,241	4,439,157	4,444,960
total shareholders funds	4,555,582	4,517,760	4,477,727	4,401,086	4,267,399	4,356,522	4,462,405	4,290,335	4,218,221	4,112,522	4,611,880	4,367,963	4,371,241	4,439,157	4,444,960

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	30,830	33,703	22,679	23,000	-22,650	29,138	45,641	46,427	51,519	678,510	-42,861	-55,286	75,119	-8,500	3,803,267
Depreciation	769	1,013	1,337	1,766	2,335	3,370	4,376	0	336	237	279	329	387	664	744
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-12,607	-9,390	-4,783	-4,430	0	-5,872	-8,781	-9,332	-10,425	-142,744	0	0	-20,057	0	-1,065,405
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-2,480	-3,986	-6,563	34,570	-6,496	3,922	-910	-5	-1,469	4,983	0	-9,775	9,469	-11,066	12,197
Creditors	2,613	275	-1,467	-1,421	4,541	0	-3,838	3,838	-386,474	118,233	4,959	-13,082	2,876	273,488	0
Accruals and Deferred Income	-59,317	-262	3,210	16,903	-12,746	3,240	2,627	-22,173	283,513	0	0	0	0	-75,340	75,340
Deferred Taxes & Provisions	-22,250	-300	18,450	10,200	-8,450	-28,650	2,200	100	35,900	150	-50	0	0	0	200
Cash flow from operations	-57,482	29,025	45,989	11,448	-30,474	-2,696	43,135	18,865	-24,162	649,403	-37,673	-58,264	48,856	201,378	2,801,949
Investing Activities
capital expenditure	0	0	0	0	0	0	0	4,425,676	-101,509	199,646	-285,000	-50,000	125,000	0	-4,334,262
Change in Investments	0	0	75,000	125,000	-75,000	-336,562	140,969	4,473,926	0	0	0	0	0	0	0
cash flow from investments	0	0	-75,000	-125,000	75,000	336,562	-140,969	-48,250	-101,509	199,646	-285,000	-50,000	125,000	0	-4,334,262
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	-525,055	525,055
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	56,250	114,800	-66,800	-130,917	134,636	34,786	64,000	-1,036,347	285,000	50,000	-125,000	0	1,705,348
interest	19,600	15,721	2,495	317	327	1,769	574	233	605	1,223	1,778	2,008	2,022	2,697	1,750
cash flow from financing	19,600	15,721	58,745	115,117	-66,473	-129,148	135,210	35,019	64,605	-1,035,124	286,778	52,008	-122,978	-522,358	2,232,153
cash and cash equivalents
cash	-37,883	44,745	29,734	1,565	-21,947	204,717	37,376	5,634	-61,066	-186,075	-35,895	-56,256	50,878	-320,980	699,840
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-37,883	44,745	29,734	1,565	-21,947	204,717	37,376	5,634	-61,066	-186,075	-35,895	-56,256	50,878	-320,980	699,840

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOWNES PROPERTY LIMITED group structure

Downes Property Limited has no subsidiary companies.

Ultimate parent company

DOWNES PROPERTY LIMITED

00577683

DOWNES PROPERTY LIMITED Shareholders

ian james robert downes	65%
daniel alexander downes	15%
mrs samantha jane cowgill	15%
mrs janet susan doens	5%

Downes Property Limited currently has 4 directors. The longest serving directors include Mr Ian Downes (May 1991) and Ms Janet Downes (May 1991).

officer	country	age	start	end	role
Mr Ian Downes		75 years	May 1991	-	Director
Ms Janet Downes		80 years	May 1991	-	Director
Mr Daniel Downes	England	52 years	Jul 2005	-	Director
Ms Samantha Cowgill		55 years	Jul 2005	-	Director

P&L

March 2024

turnover

313.1k

-1%

operating profit

30.8k

gross margin

76.1%

+2.38%

turnover

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

Balance Sheet

March 2024

net assets

4.6m

+0.01%

total assets

4.8m

-0.01%

cash

354.4k

-0.1%

net assets

Total assets minus all liabilities

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company number

00577683

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

January 1957

ultimate parent company

None

previous names

downes homes and property limited (November 2000)

downes homes limited (November 1997)

address

st. james house, 65 mere green road, sutton coldfield, west midlands, B75 5BY

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 43 charges/mortgages relating to downes property limited. Currently there are 4 open charges and 39 have been satisfied in the past.

downes property limited Company Information

downes property limited Estimated Valuation

downes property limited Estimated Valuation

downes property limited Estimated Valuation

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