Homesack Limited

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homesack limited Company Information

Live

MatureMicroHigh

Company Number

01196755

Website

Registered Address

timbers southview road, crowborough, east sussex, TN6 1HW

Industry

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

Development of building projects

Telephone

01892538501

Next Accounts Due

February 2025

Group Structure

View All

Directors

Michael King32 Years

Sonia King0 Years

Shareholders

michael george king & sonia king 95.2%

michael george king 4.8%

homesack limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of HOMESACK LIMITED at £1.7m based on Net Assets of £1.1m and 1.58x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Homesack Limited is a live company located in east sussex, TN6 1HW with a Companies House number of 01196755. It operates in the development of building projects sector, SIC Code 41100. Founded in January 1975, it's largest shareholder is michael george king & sonia king with a 95.2% stake. Homesack Limited is a mature, micro sized company, Pomanda has estimated its turnover at £218.6k with high growth in recent years.

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Pomanda's financial health check has awarded Homesack Limited a 2.5 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 Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £218.6k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (2.4%)

EXPORT

Homesack Limited's latest turnover from May 2023 is estimated at £218.6 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Homesack Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	218,591	98,058	96,120	135,316	31,948	67,965	33,268	26,511	28,569	44,323	50,073	50,275	70,908	66,738
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	176,289	79,670	78,593	108,235	25,548	53,686	25,872	20,703	22,976	35,753	40,806	41,030	57,786	53,066
Gross Profit	42,302	18,387	17,527	27,081	6,400	14,279	7,397	5,808	5,593	8,570	9,267	9,245	13,122	13,672
Admin Expenses	85,091	23,059	47,717	-11,531	-42,696	-13,031	-773,190	2,181	5,084	-2,823	2,734	604,728	-14,674	-7,059
Operating Profit	-42,789	-4,672	-30,190	38,612	49,096	27,310	780,587	3,627	509	11,393	6,533	-595,483	27,796	20,731
Interest Payable	0	0	0	0	0	0	0	0	0	0	3,032	3,032	0	0
Interest Receivable	0	0	0	0	0	0	31	106	98	94	98	156	13	0
Pre-Tax Profit	-42,789	-4,672	-30,190	38,612	49,096	27,310	780,617	3,734	608	11,487	3,599	-598,359	27,809	20,731
Tax	0	0	0	-7,336	-9,328	-5,189	-148,317	-747	-121	-2,412	-828	0	0	0
Profit After Tax	-42,789	-4,672	-30,190	31,276	39,768	22,121	632,300	2,987	486	9,075	2,771	-598,359	27,809	20,731
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,789	-4,672	-30,190	31,276	39,768	22,121	632,300	2,987	486	9,075	2,771	-598,359	27,809	20,731
Employee Costs	78,801	74,921	71,306	35,650	35,582	34,434	33,637	33,694	32,649	31,023	30,071	29,822	20,526	18,074
Number Of Employees	2	2	2	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-42,789	-4,672	-30,190	38,612	49,096	27,310	780,587	3,805	1,188	12,460	7,706	-594,169	29,227	22,182

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	1,175,001	1,175,001	1,175,001	1,175,101	1,175,201	1,175,301	1,175,401	1,175,535	1,175,713	1,392	2,459	3,632	4,734	5,540
Intangible Assets	0	0	0	0	0	0	0	0	0	1,175,000	1,175,000	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	1,125,000	1,695,000	1,638,982
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,175,001	1,175,001	1,175,001	1,175,101	1,175,201	1,175,301	1,175,401	1,175,535	1,175,713	1,176,392	1,177,459	1,128,632	1,699,734	1,644,522
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	50,840	12,355	16,177	40,816	987	16,554	7,885	0	0	0	0	0	6,911	725
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	24,444	18,151	21,087	16,648	22,536	39,954	12,006
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	50,840	12,355	16,177	40,816	987	16,554	7,885	24,444	18,151	21,087	16,648	22,536	46,865	12,731
total assets	1,225,841	1,187,356	1,191,178	1,215,917	1,176,188	1,191,855	1,183,286	1,199,979	1,193,864	1,197,479	1,194,107	1,151,168	1,746,599	1,657,253
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	136,083	53,025	48,633	43,182	32,475	31,038	17,299	19,585	16,457	23,754	29,457	32,289	52,088	39,357
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	136,083	53,025	48,633	43,182	32,475	31,038	17,299	19,585	16,457	23,754	29,457	32,289	52,088	39,357
loans	0	0	0	0	0	0	0	0	0	0	0	93,288	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	20,245	22,029	25,571	25,571	27,825	84,697	111,988	149,484	149,484	146,288	146,288	60,000	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	8,011	63,106
total long term liabilities	20,245	22,029	25,571	25,571	27,825	84,697	111,988	149,484	149,484	146,288	146,288	153,288	8,011	63,106
total liabilities	156,328	75,054	74,204	68,753	60,300	115,735	129,287	169,069	165,941	170,042	175,745	185,577	60,099	102,463
net assets	1,069,513	1,112,302	1,116,974	1,147,164	1,115,888	1,076,120	1,053,999	1,030,910	1,027,923	1,027,437	1,018,362	965,591	1,686,500	1,554,790
total shareholders funds	1,069,513	1,112,302	1,116,974	1,147,164	1,115,888	1,076,120	1,053,999	1,030,910	1,027,923	1,027,437	1,018,362	965,591	1,686,500	1,554,790

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-42,789	-4,672	-30,190	38,612	49,096	27,310	780,587	3,627	509	11,393	6,533	-595,483	27,796	20,731
Depreciation	0	0	0	0	0	0	0	178	679	1,067	1,173	1,314	1,431	1,451
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-7,336	-9,328	-5,189	-148,317	-747	-121	-2,412	-828	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	38,485	-3,822	-24,639	39,829	-15,567	8,669	7,885	0	0	0	0	-6,911	6,186	725
Creditors	83,058	4,392	5,451	10,707	1,437	13,739	-2,286	3,128	-7,297	-5,703	-2,832	-19,799	12,731	39,357
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-8,011	-55,095	63,106
Cash flow from operations	1,784	3,542	-100	2,154	56,772	27,191	622,099	6,186	-6,230	4,345	4,046	-615,068	-19,323	123,920
Investing Activities
capital expenditure	0	0	100	100	100	100	134	0	0	0	-1,175,000	-212	-625	-6,991
Change in Investments	0	0	0	0	0	0	0	0	0	0	-1,125,000	-570,000	56,018	1,638,982
cash flow from investments	0	0	100	100	100	100	134	0	0	0	-50,000	569,788	-56,643	-1,645,973
Financing Activities
Bank loans	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	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	-93,288	93,288	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	-1,784	-3,542	0	-2,254	-56,872	-27,291	-37,496	0	3,196	0	86,288	60,000	0	0
share issue	0	0	0	0	0	0	-609,211	0	0	0	50,000	-122,550	103,901	1,534,059
interest	0	0	0	0	0	0	31	106	98	94	-2,934	-2,876	13	0
cash flow from financing	-1,784	-3,542	0	-2,254	-56,872	-27,291	-646,676	106	3,294	94	40,066	27,862	103,914	1,534,059
cash and cash equivalents
cash	0	0	0	0	0	0	-24,444	6,293	-2,936	4,439	-5,888	-17,418	27,948	12,006
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-24,444	6,293	-2,936	4,439	-5,888	-17,418	27,948	12,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOMESACK LIMITED group structure

Homesack Limited has no subsidiary companies.

Ultimate parent company

HOMESACK LIMITED

01196755

HOMESACK LIMITED Shareholders

michael george king & sonia king	95.24%
michael george king	4.76%

Homesack Limited currently has 2 directors. The longest serving directors include Mr Michael King (Dec 1991) and Mrs Sonia King (Feb 2024).

officer	country	age	start	end	role
Mr Michael King		68 years	Dec 1991	-	Director
Mrs Sonia King		72 years	Feb 2024	-	Director

P&L

May 2023

turnover

218.6k

+123%

operating profit

-42.8k

gross margin

19.4%

+3.2%

turnover

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

Balance Sheet

May 2023

net assets

1.1m

-0.04%

total assets

1.2m

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

01196755

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.

41100 - Development of building projects

incorporation date

January 1975

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

timbers southview road, crowborough, east sussex, TN6 1HW

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 5 charges/mortgages relating to homesack limited. Currently there are 4 open charges and 1 have been satisfied in the past.

homesack limited Company Information

homesack limited Estimated Valuation

homesack limited Estimated Valuation

homesack limited Estimated Valuation

Homesack Limited Overview

Homesack Limited Health Check

HOMESACK LIMITED financials

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homesack limited Ownership

homesack limited directors

homesack limited company details

homesack limited Charges & Mortgages

homesack limited Companies House Filings - See Documents