Serruys Property Company Limited

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serruys property company limited Company Information

Company Number

01137245

Next Accounts

Jul 2025

Directors

Sonja Serruys

Andre Serruys

Shareholders

spc holdings ltd

Group Structure

View All

Industry

Buying and selling of own real estate

Registered Address

spc house atlas works, norwich road, lenwade, norfolk, NR9 5SN

Website

www.serruys.com

serruys property company limited Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of SERRUYS PROPERTY COMPANY LIMITED at £10.1m based on Net Assets of £6.4m and 1.58x industry multiple (adjusted for liquidity).

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Serruys Property Company Limited is a live company located in lenwade, NR9 5SN with a Companies House number of 01137245. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 1973, it's largest shareholder is spc holdings ltd with a 100% stake. Serruys Property Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £772.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Serruys Property Company Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £772.3k, make it in line with the average company (£824.8k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.6%)

EXPORT

Serruys Property Company Limited's latest turnover from October 2023 is estimated at £772.3 thousand and the company has net assets of £6.4 million. According to their latest financial statements, Serruys Property Company Limited has 10 employees and maintains cash reserves of £128.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Turnover	772,340	1,971,464	1,238,394	1,085,977	1,148,658	2,523,064	758,429	939,202	1,046,912	5,686,582	1,892,836	1,176,029	1,093,635	2,518,928
Other Income Or Grants
Cost Of Sales	240,155	646,966	389,441	350,073	361,467	839,661	410,613	289,130	460,201	1,324,445	321,269	632,238	559,810	1,007,586
Gross Profit	532,185	1,324,498	848,954	735,904	787,191	1,683,402	347,816	650,072	586,711	4,362,137	1,571,567	543,791	533,825	1,511,342
Admin Expenses	21,710,255	1,443,571	-2,686,069	2,147,246	1,186,463	1,891,675	551,138	932,744	1,194,174	-6,917	5,642,354	-53,885,103	31,652,284	4,953,259
Operating Profit	-21,178,070	-119,073	3,535,023	-1,411,342	-399,272	-208,273	-203,322	-282,672	-607,463	4,369,054	-4,070,787	54,428,894	-31,118,459	-3,441,917
Interest Payable						8	243	28,938	47,555	48,850	129,475	245,174	1,074,239	2,299,275
Interest Receivable	33,350	56,529	2,016	282	3,091	22,860	19,878	33,863	45,052	82,697	47,137	57,052	137,646	2,140,663
Pre-Tax Profit	-21,144,720	-62,544	3,537,040	-1,411,060	-396,181	-203,471	-199,720	-277,747	-108,092	4,612,203	-4,153,125	54,240,772	-32,055,052	-9,175
Tax			-672,038				-49,837	121,332	-55,457				12,568	37,681
Profit After Tax	-21,144,720	-62,544	2,865,002	-1,411,060	-396,181	-203,471	-249,557	-156,415	-163,549	4,612,203	-4,153,125	54,240,772	-32,042,484	28,506
Dividends Paid								723,000	161,679	5,917,255
Retained Profit	-21,144,720	-62,544	2,865,002	-1,411,060	-396,181	-203,471	-249,557	-879,415	-325,228	-1,305,052	-4,153,125	54,240,772	-32,042,484	28,506
Employee Costs	347,582	478,252	463,183	405,472	474,990	582,621	423,555	365,331	285,429	340,225	363,362	475,934	559,810	685,370
Number Of Employees	10	13	13	11	12	15	12	11	11	13	13	13	15	14
EBITDA*	-21,165,444	-57,751	3,598,337	-1,352,193	-267,704	-122,942	-86,324	-207,916	-530,031	4,424,688	-4,018,898	54,472,594	-31,065,769	-3,341,199

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Tangible Assets	259,535	395,545	596,711	514,442	812,691	681,589	1,078,615	858,818	886,494	2,044,587	2,029,292	14,058,710	14,428,973	15,958,978
Intangible Assets
Investments & Other	18,661,551	18,335,466	17,779,978	18,991,710	18,399,864	18,980,291	19,030,291	17,383,197	17,830,733	17,623,260	12,230,791	516,002	516,002	516,002
Debtors (Due After 1 year)		2,583	2,583	2,583							1,837,674	3,488,803	8,272,715	38,926,339
Total Fixed Assets	18,921,086	18,733,594	18,379,272	19,508,735	19,212,555	19,661,880	20,108,906	18,242,015	18,717,227	19,667,847	16,097,757	18,063,515	23,217,690	55,401,319
Stock & work in progress	5,204,358	4,530,937	2,791,927	3,034,916	3,038,992	3,274,948	2,135,912	2,573,376	1,892,748	1,438,304	1,492,354	1,349,387	1,341,606	193,364
Trade Debtors	9,556	197,668	107,987	79,658	46,025	224,743	269,453	545,927	395,583	476,227	574,030	13,169	27,271	996,037
Group Debtors	3,197,017	3,893,798	3,383,195	2,703,880	3,293,375	2,424,985	571,792	394,922	513,257	95,485	931,437	22,530,793	1,651,545	3,457,848
Misc Debtors	177,405	621,206	410,120	707,666	967,329	1,010,534	3,559,290	5,408,990	6,123,436	3,337,314	2,236,791	265,896	1,028,485	1,074,869
Cash	128,869	1,141,612	3,883,176	149,275	415,499	408,750	871,743	346,598	1,476,093	5,474,484	5,359,820	11,344	24,835	9,124,634
misc current assets
total current assets	8,717,205	10,385,221	10,576,405	6,675,395	7,761,220	7,343,960	7,408,190	9,269,813	10,401,117	10,821,814	10,594,432	24,170,589	4,073,742	14,846,752
total assets	27,638,291	29,118,815	28,955,677	26,184,130	26,973,775	27,005,840	27,517,096	27,511,828	29,118,344	30,489,661	26,692,189	42,234,104	27,291,432	70,248,071
Bank overdraft									940,729	25,875	25,875	10,301,662	4,407,298	15,288,749
Bank loan
Trade Creditors	118,841	202,077	62,028	70,974	224,556	129,491	380,498	159,713	58,419	151,332	88,930	238,608	237,291	250,638
Group/Directors Accounts	6,551,122	1,134,721	1,138,240	1,140,363	474,562			199,753	51,890	668,138	712,076	712,076	806,523	758,209
other short term finances
hp & lease commitments
other current liabilities	14,430,498	103,405	68,482	150,868	35,987	202,765	240,009	56,053	45,250	413,583	685,983	1,393,433	1,503,126	2,996,030
total current liabilities	21,100,461	1,440,203	1,268,750	1,362,205	735,105	332,256	620,507	415,519	1,096,288	1,258,928	1,512,864	12,645,779	6,954,238	19,293,626
loans										938,906	964,781	1,220,656	46,181,152	44,755,919
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	112,086	108,148	53,919	53,919	59,604	98,337	117,871	68,034	189,366
total long term liabilities	112,086	108,148	53,919	53,919	59,604	98,337	117,871	68,034	189,366	938,906	964,781	1,220,656	46,181,152	44,755,919
total liabilities	21,212,547	1,548,351	1,322,669	1,416,124	794,709	430,593	738,378	483,553	1,285,654	2,197,834	2,477,645	13,866,435	53,135,390	64,049,545
net assets	6,425,744	27,570,464	27,633,008	24,768,006	26,179,066	26,575,247	26,778,718	27,028,275	27,832,690	28,291,827	24,214,544	28,367,669	-25,843,958	6,198,526
total shareholders funds	6,425,744	27,570,464	27,633,008	24,768,006	26,179,066	26,575,247	26,778,718	27,028,275	27,832,690	28,291,827	24,214,544	28,367,669	-25,843,958	6,198,526

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Operating Activities
Operating Profit	-21,178,070	-119,073	3,535,023	-1,411,342	-399,272	-208,273	-203,322	-282,672	-607,463	4,369,054	-4,070,787	54,428,894	-31,118,459	-3,441,917
Depreciation	12,626	61,322	63,314	59,149	131,568	85,331	116,998	74,756	77,432	55,634	51,889	43,700	52,690	100,718
Amortisation
Tax			-672,038				-49,837	121,332	-55,457				12,568	37,681
Stock	673,421	1,739,010	-242,989	-4,076	-235,956	1,139,036	-437,464	680,628	454,444	-54,050	142,967	7,781	1,148,242	193,364
Debtors	-1,331,277	811,370	410,098	-812,942	646,467	-740,273	-1,949,304	-682,437	3,123,250	-1,670,906	-20,718,729	15,318,645	-33,475,077	44,455,093
Creditors	-83,236	140,049	-8,946	-153,582	95,065	-251,007	220,785	101,294	-92,913	62,402	-149,678	1,317	-13,347	250,638
Accruals and Deferred Income	14,327,093	34,923	-82,386	114,881	-166,778	-37,244	183,956	10,803	-368,333	-272,400	-707,450	-109,693	-1,492,904	2,996,030
Deferred Taxes & Provisions	3,938	54,229		-5,685	-38,733	-19,534	49,837	-121,332	189,366
Cash flow from operations	-6,259,793	-2,378,930	2,667,858	-579,561	-788,661	-829,490	2,705,185	-94,010	-4,435,062	5,939,646	15,699,736	39,037,792	-232,617	-44,705,307
Investing Activities
capital expenditure	123,384	139,844	-145,583	239,100	-262,670	311,695	-336,795	-47,080	1,080,661	-70,929	11,977,529	326,563	1,477,315	-16,059,696
Change in Investments	326,085	555,488	-1,211,732	591,846	-580,427	-50,000	1,647,094	-447,536	207,473	5,392,469	11,714,789			516,002
cash flow from investments	-202,701	-415,644	1,066,149	-352,746	317,757	361,695	-1,983,889	400,456	873,188	-5,463,398	262,740	326,563	1,477,315	-16,575,698
Financing Activities
Bank loans
Group/Directors Accounts	5,416,401	-3,519	-2,123	665,801	474,562		-199,753	147,863	-616,248	-43,938		-94,447	48,314	758,209
Other Short Term Loans
Long term loans									-938,906	-25,875	-255,875	-44,960,496	1,425,233	44,755,919
Hire Purchase and Lease Commitments
other long term liabilities
share issue								75,000	-133,909	5,382,335		-29,145		6,170,020
interest	33,350	56,529	2,016	282	3,091	22,852	19,635	4,925	-2,503	33,847	-82,338	-188,122	-936,593	-158,612
cash flow from financing	5,449,751	53,010	-107	666,083	477,653	22,852	-180,118	227,788	-1,691,566	5,346,369	-338,213	-45,272,210	536,954	51,525,536
cash and cash equivalents
cash	-1,012,743	-2,741,564	3,733,901	-266,224	6,749	-462,993	525,145	-1,129,495	-3,998,391	114,664	5,348,476	-13,491	-9,099,799	9,124,634
overdraft								-940,729	914,854		-10,275,787	5,894,364	-10,881,451	15,288,749
change in cash	-1,012,743	-2,741,564	3,733,901	-266,224	6,749	-462,993	525,145	-188,766	-4,913,245	114,664	15,624,263	-5,907,855	1,781,652	-6,164,115

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SERRUYS PROPERTY COMPANY LIMITED group structure

Serruys Property Company Limited has 4 subsidiary companies.

Ultimate parent company

SPC HOLDINGS LIMITED

02913294

1 parent

SERRUYS PROPERTY COMPANY LIMITED

01137245

4 subsidiaries

LAKENHAM SPORTS & LEISURE CENTRE LIMITED

02559707

PEDRO'S RESTAURANT LIMITED

09289256

OASIS SPORT & LEISURE CENTRE LIMITED

02137125

GILMOSS LIMITED

00818404

SERRUYS PROPERTY COMPANY LIMITED Shareholders

spc holdings ltd

100%

Serruys Property Company Limited currently has 2 directors. The longest serving directors include Ms Sonja Serruys (Nov 1994) and Mr Andre Serruys (Nov 1994).

officer	country	age	start	end	role
Ms Sonja Serruys	United Kingdom	64 years	Nov 1994	-	Director
Mr Andre Serruys	Antigua And Barbuda	68 years	Nov 1994	-	Director

P&L

October 2023

turnover

772.3k

-61%

operating profit

-21.2m

gross margin

69%

+2.56%

turnover

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

Balance Sheet

October 2023

net assets

6.4m

-0.77%

total assets

27.6m

-0.05%

cash

128.9k

-0.89%

net assets

Total assets minus all liabilities

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company number

01137245

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

October 1973

ultimate parent company

SPC HOLDINGS LIMITED

previous names

N/A

address

spc house atlas works, norwich road, lenwade, norfolk, NR9 5SN

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 37 charges/mortgages relating to serruys property company limited. Currently there are 0 open charges and 37 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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serruys property company limited Company Information

serruys property company limited Estimated Valuation

serruys property company limited Estimated Valuation

serruys property company limited Estimated Valuation

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SERRUYS PROPERTY COMPANY LIMITED financials

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