Adeline Properties Limited

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adeline properties limited Company Information

Live

MatureSmallDeclining

Company Number

00637279

Next Accounts

Dec 2024

Industry

Buying and selling of own real estate

Directors

Alexander Greenbaum

View All

Shareholders

aber limited

adeline holdings limited

Group Structure

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Contact

Registered Address

6 maiden la., covent gdn., london, WC2E 7NW

Website

adeline properties limited Estimated Valuation

£87.4m

Pomanda estimates the enterprise value of ADELINE PROPERTIES LIMITED at £87.4m based on Net Assets of £61m and 1.43x industry multiple (adjusted for liquidity).

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Adeline Properties Limited is a live company located in london, WC2E 7NW with a Companies House number of 00637279. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 1959, it's largest shareholder is aber limited with a 75% stake. Adeline Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Adeline Properties Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £2.3m, make it larger than the average company (£896.6k)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (2.1%)

EXPORT

Adeline Properties Limited's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £61 million. According to their latest financial statements, Adeline Properties Limited has 3 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	2,324,981	2,933,296	3,793,985	5,495,270	2,868,427	678,200	388,105	3,551,596	12,174,294	16,372,448	11,080,214	11,109,048	7,603,147	7,188,148
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	772,195	997,601	1,229,142	1,729,348	882,692	217,198	126,310	1,140,224	4,538,856	6,681,222	4,185,767	3,991,264	2,689,681	2,671,897
Gross Profit	1,552,786	1,935,696	2,564,843	3,765,922	1,985,735	461,002	261,795	2,411,373	7,635,438	9,691,226	6,894,447	7,117,784	4,913,466	4,516,251
Admin Expenses	-1,900,172	15,067	1,016,279	3,943,364	2,830,136	-1,835,565	-649,800	672,466	5,983,386	8,359,604	6,167,511	7,258,142	5,166,722	-6,422,588
Operating Profit	3,452,958	1,920,629	1,548,564	-177,442	-844,401	2,296,567	911,595	1,738,907	1,652,052	1,331,622	726,936	-140,358	-253,256	10,938,839
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	182,591	24,826	1,470	1,075	27,660	26,693	11,150	20,915	16,442	10,444	7,076	5,454	6,381	3,872
Pre-Tax Profit	3,635,549	1,945,454	1,550,035	-176,367	-816,741	2,323,260	922,745	1,759,823	1,668,495	1,342,066	734,012	-134,904	-246,875	10,942,711
Tax	-690,754	-369,636	-294,507	0	0	-441,419	-184,549	-351,964	-350,384	-308,675	-176,163	0	0	-3,063,959
Profit After Tax	2,944,795	1,575,818	1,255,528	-176,367	-816,741	1,881,841	738,196	1,407,858	1,318,111	1,033,391	557,849	-134,904	-246,875	7,878,752
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,944,795	1,575,818	1,255,528	-176,367	-816,741	1,881,841	738,196	1,407,858	1,318,111	1,033,391	557,849	-134,904	-246,875	7,878,752
Employee Costs	108,375	109,235	107,438	116,438	115,676	104,897	104,323	112,847	1,786,965	2,530,361	1,761,229	1,736,700	1,245,864	1,285,813
Number Of Employees	3	3	3	3	3	3	3	3	51	71	53	53	37	39
EBITDA*	3,454,691	1,921,232	1,548,564	-176,884	-843,844	2,297,124	912,152	1,739,464	1,652,609	1,331,725	730,908	-132,381	-245,276	10,946,819

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	75,848,025	75,002,992	75,000,000	82,350,000	43,421,567	40,001,115	40,001,672	35,002,229	35,002,786	35,000,000	35,000,103	35,004,075	20,012,052	20,020,032
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	106,728	106,728	106,728	106,728	106,728	106,728	106,728	81,526	75,747	75,979	65,588	408,535	387,905	360,975
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	75,954,753	75,109,720	75,106,728	82,456,728	43,528,295	40,107,843	40,108,400	35,083,755	35,078,533	35,075,979	35,065,691	35,412,610	20,399,957	20,381,007
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	291,326	363,233	669,992	747,550	312,182	38,775	17,871	473,880	546,516	902,366	493,271	464,458	689,075	743,808
Group Debtors	23,293	19,698	16,730	13,893	10,094	6,308	3,283	0	0	0	0	0	0	0
Misc Debtors	2,906,191	992,811	693,139	806,682	589,963	107,689	104,415	500,240	0	0	0	0	0	0
Cash	4,066,762	4,525,772	2,094,366	846,267	1,304,437	6,071,631	4,605,738	4,314,560	4,051,597	2,525,381	1,652,254	1,178,008	1,003,601	1,548,696
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,287,572	5,901,514	3,474,227	2,414,392	2,216,676	6,224,403	4,731,307	5,288,680	4,598,113	3,427,747	2,145,525	1,642,466	1,692,676	2,292,504
total assets	83,242,325	81,011,234	78,580,955	84,871,120	45,744,971	46,332,246	44,839,707	40,372,435	39,676,646	38,503,726	37,211,216	37,055,076	22,092,633	22,673,511
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	186,502	549,884	43,284	56,017	272,658	263,977	96,698	38,225	6,330,473	6,185,670	5,874,262	6,269,782	1,135,056	1,022,785
Group/Directors Accounts	7,605,678	7,605,678	7,605,678	7,130,678	4,752,178	4,752,178	4,752,178	4,752,178	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	3,505,848	3,514,468	3,076,747	2,762,400	2,357,618	2,136,833	1,426,708	1,578,057	0	0	0	0	0	0
total current liabilities	11,298,028	11,670,030	10,725,709	9,949,095	7,382,454	7,152,988	6,275,584	6,368,460	6,330,473	6,185,670	5,874,262	6,269,782	1,135,056	1,022,785
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	175,000	175,000	175,000	5,096,306	5,096,306
provisions	10,899,797	10,985,222	11,007,687	9,947,081	2,967,264	2,967,264	3,347,437	2,832,720	0	0	0	0	0	0
total long term liabilities	10,899,797	10,985,222	11,007,687	9,947,081	2,967,264	2,967,264	3,347,437	2,832,720	0	175,000	175,000	175,000	5,096,306	5,096,306
total liabilities	22,197,825	22,655,252	21,733,396	19,896,176	10,349,718	10,120,252	9,623,021	9,201,180	6,330,473	6,360,670	6,049,262	6,444,782	6,231,362	6,119,091
net assets	61,044,500	58,355,982	56,847,559	64,974,944	35,395,253	36,211,994	35,216,686	31,171,255	33,346,173	32,143,056	31,161,954	30,610,294	15,861,271	16,554,420
total shareholders funds	61,044,500	58,355,982	56,847,559	64,974,944	35,395,253	36,211,994	35,216,686	31,171,255	33,346,173	32,143,056	31,161,954	30,610,294	15,861,271	16,554,420

	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	3,452,958	1,920,629	1,548,564	-177,442	-844,401	2,296,567	911,595	1,738,907	1,652,052	1,331,622	726,936	-140,358	-253,256	10,938,839
Depreciation	1,733	603	0	558	557	557	557	557	557	103	3,972	7,977	7,980	7,980
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-690,754	-369,636	-294,507	0	0	-441,419	-184,549	-351,964	-350,384	-308,675	-176,163	0	0	-3,063,959
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,845,068	-4,119	-188,264	655,886	759,467	27,203	-848,551	427,604	-355,850	409,095	28,813	-224,617	-54,733	743,808
Creditors	-363,382	506,600	-12,733	-216,641	8,681	167,279	58,473	-6,292,248	144,803	311,408	-395,520	5,134,726	112,271	1,022,785
Accruals and Deferred Income	-8,620	437,721	314,347	404,782	220,785	710,125	-151,349	1,578,057	0	0	0	0	0	0
Deferred Taxes & Provisions	-85,425	-22,465	1,060,606	6,979,817	0	-380,173	514,717	2,832,720	0	0	0	0	0	0
Cash flow from operations	461,442	2,477,571	2,804,541	6,335,188	-1,373,845	2,325,733	1,997,995	-921,575	1,802,878	925,363	130,412	5,226,962	-78,272	8,161,837
Investing Activities
capital expenditure	-846,766	-3,595	7,350,000	-38,928,991	-3,421,009	0	-5,000,000	0	-3,343	0	0	-15,000,000	0	-20,028,012
Change in Investments	0	0	0	0	0	0	25,202	5,779	-232	10,391	-342,947	20,630	26,930	360,975
cash flow from investments	-846,766	-3,595	7,350,000	-38,928,991	-3,421,009	0	-5,025,202	-5,779	-3,111	-10,391	342,947	-15,020,630	-26,930	-20,388,987
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	475,000	2,378,500	0	0	0	4,752,178	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	-175,000	0	0	-4,921,306	0	5,096,306
share issue	-256,277	-67,395	-9,382,913	29,756,058	0	-886,533	3,307,235	-3,582,776	-114,994	-52,289	-6,189	14,883,927	-446,274	8,675,668
interest	182,591	24,826	1,470	1,075	27,660	26,693	11,150	20,915	16,442	10,444	7,076	5,454	6,381	3,872
cash flow from financing	-73,686	-42,569	-8,906,443	32,135,633	27,660	-859,840	3,318,385	1,190,317	-273,552	-41,845	887	9,968,075	-439,893	13,775,846
cash and cash equivalents
cash	-459,010	2,431,406	1,248,099	-458,170	-4,767,194	1,465,893	291,178	262,963	1,526,216	873,127	474,246	174,407	-545,095	1,548,696
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-459,010	2,431,406	1,248,099	-458,170	-4,767,194	1,465,893	291,178	262,963	1,526,216	873,127	474,246	174,407	-545,095	1,548,696

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for adeline properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WC2E area or any other competitors across 12 key performance metrics.

ADELINE PROPERTIES LIMITED group structure

Adeline Properties Limited has no subsidiary companies.

Ultimate parent company

ADELINE PROPERTIES LIMITED

00637279

ADELINE PROPERTIES LIMITED Shareholders

aber limited	75%
adeline holdings limited	25%

Adeline Properties Limited currently has 5 directors. The longest serving directors include Mr Alexander Greenbaum (Aug 2020) and Mr Alexander Greenbaum (Aug 2020).

officer	country	age	start	end	role
Mr Alexander Greenbaum	United Kingdom	49 years	Aug 2020	-	Director
Mr Alexander Greenbaum	United Kingdom	49 years	Aug 2020	-	Director
Mr Neil Greenbaum	United Kingdom	49 years	Jun 2021	-	Director
Mr David Freedman	England	62 years	Feb 2022	-	Director
Mr David Freedman	England	62 years	Feb 2022	-	Director

P&L

March 2023

turnover

2.3m

-21%

operating profit

3.5m

gross margin

66.8%

+1.21%

turnover

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

Balance Sheet

March 2023

net assets

61m

+0.05%

total assets

83.2m

+0.03%

cash

4.1m

-0.1%

net assets

Total assets minus all liabilities

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company number

00637279

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

September 1959

ultimate parent company

None

previous names

N/A

address

6 maiden la., covent gdn., london, WC2E 7NW

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 12 charges/mortgages relating to adeline properties limited. Currently there are 1 open charges and 11 have been satisfied in the past.

adeline properties limited Company Information

adeline properties limited Estimated Valuation

adeline properties limited Estimated Valuation

adeline properties limited Estimated Valuation

Adeline Properties Limited Overview

Adeline Properties Limited Health Check

ADELINE PROPERTIES LIMITED financials

adeline properties limited Credit Report and Business Information

Adeline Properties Limited Competitor Analysis

adeline properties limited Ownership

adeline properties limited directors

adeline properties limited company details

adeline properties limited Charges & Mortgages

adeline properties limited Companies House Filings - See Documents