Citylake Investments Limited

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citylake investments limited Company Information

Live

MatureSmallDeclining

Company Number

01373857

Website

Registered Address

new burlington house, 1075 finchley road, london, NW11 0PU

Industry

Development of building projects

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Pessie Berger32 Years

Berish Berger21 Years

Shareholders

wickpoint ltd 100%

citylake investments limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of CITYLAKE INVESTMENTS LIMITED at £7.3m based on Net Assets of £5.5m and 1.33x industry multiple (adjusted for liquidity).

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Citylake Investments Limited is a live company located in london, NW11 0PU with a Companies House number of 01373857. It operates in the development of building projects sector, SIC Code 41100. Founded in June 1978, it's largest shareholder is wickpoint ltd with a 100% stake. Citylake Investments Limited is a mature, small sized company, Pomanda has estimated its turnover at £747.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Citylake Investments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £747.2k, make it smaller than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2%)

EXPORT

Citylake Investments Limited's latest turnover from March 2023 is estimated at £747.2 thousand and the company has net assets of £5.5 million. According to their latest financial statements, Citylake Investments Limited has 2 employees and maintains cash reserves of £117.4 thousand 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	747,154	1,151,627	720,873	1,448,418	2,100,737	1,921,253	91,698	425,950	546,168	15,686,966	14,754,390	10,859,990	16,243,042	17,635,851
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	555,783	875,743	550,025	1,070,876	1,516,449	1,362,999	63,561	293,353	381,607	10,995,842	10,323,542	7,645,299	11,500,257	12,537,136
Gross Profit	191,371	275,884	170,848	377,542	584,287	558,254	28,137	132,597	164,562	4,691,124	4,430,849	3,214,691	4,742,785	5,098,715
Admin Expenses	593,603	361,006	24,572	-64,305	462,146	-14,372	-5,822,976	-361,024	-8,766	4,375,103	4,421,044	4,437,701	4,551,702	2,951,008
Operating Profit	-402,232	-85,122	146,276	441,847	122,141	572,626	5,851,113	493,621	173,328	316,021	9,805	-1,223,010	191,083	2,147,707
Interest Payable	213,969	145,969	136,488	142,588	164,531	164,938	164,844	177,938	90,594	0	0	0	0	0
Interest Receivable	6,425	1,249	88	233	3,326	1,917	545	694	474	96	113	578	488	1
Pre-Tax Profit	-609,776	-229,842	9,877	299,493	-39,064	409,605	5,686,814	316,378	83,208	316,117	9,918	-1,222,432	191,571	2,147,708
Tax	0	0	-1,877	-56,904	0	-77,825	-1,137,363	-63,275	-17,474	-72,707	-2,380	0	-53,640	-601,358
Profit After Tax	-609,776	-229,842	8,000	242,589	-39,064	331,780	4,549,451	253,102	65,734	243,410	7,538	-1,222,432	137,931	1,546,350
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-609,776	-229,842	8,000	242,589	-39,064	331,780	4,549,451	253,102	65,734	243,410	7,538	-1,222,432	137,931	1,546,350
Employee Costs	93,899	89,898	87,561	88,285	346,691	338,024	41,364	79,535	75,915	2,089,250	1,996,734	1,562,856	2,561,012	2,757,877
Number Of Employees	2	2	2	2	8	8	1	2	2	57	56	45	76	82
EBITDA*	-402,140	-84,999	146,439	442,065	122,431	572,697	5,851,208	493,747	173,396	316,112	9,926	-1,222,848	191,083	2,147,707

* 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	276	368	491	654	872	213	284	379	206	274	365	486	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,000,000	6,168,998	6,168,998	6,164,117	6,094,397	6,000,000	6,000,000	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
Total Fixed Assets	6,000,276	6,169,366	6,169,489	6,164,771	6,095,269	6,000,213	6,000,284	379	206	274	365	486	0	0
Stock & work in progress	0	0	0	0	0	0	0	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000
Trade Debtors	12,851	134,875	78,592	156,260	160,673	148,725	9,071	9,253	8,029	1,639,576	1,524,566	1,656,153	2,818,460	2,949,081
Group Debtors	191,038	191,038	191,038	191,038	191,038	191,038	191,038	191,038	171,038	0	0	0	0	0
Misc Debtors	2,823,401	2,907,285	3,184,475	3,234,204	2,755,721	2,946,260	2,912,943	2,898,260	2,832,943	0	0	0	0	0
Cash	117,393	184,948	148,017	27,852	438,337	448,640	318,122	117,774	159,829	29,669	8,767	36,575	194,734	587
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,144,683	3,418,146	3,602,122	3,609,354	3,545,769	3,734,663	3,431,174	4,316,325	4,271,839	2,769,245	2,633,333	2,792,728	4,113,194	4,049,668
total assets	9,144,959	9,587,512	9,771,611	9,774,125	9,641,038	9,734,876	9,431,458	4,316,704	4,272,045	2,769,519	2,633,698	2,793,214	4,113,194	4,049,668
Bank overdraft	0	0	0	0	0	100,000	100,000	100,000	0	0	0	0	0	0
Bank loan	100,000	100,000	100,000	2,287,500	100,000	0	0	0	100,000	0	0	0	0	0
Trade Creditors	168,466	0	75,742	0	0	0	8,499	0	100,000	1,891,458	1,999,047	578,484	528,642	464,367
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	1,079,829	817,845	646,360	632,616	642,118	596,892	498,781	432,307	440,750	0	0	0	0	0
total current liabilities	1,348,295	917,845	822,102	2,920,116	742,118	696,892	607,280	532,307	640,750	1,891,458	1,999,047	578,484	528,642	464,367
loans	1,937,500	2,037,500	2,087,500	0	2,287,500	2,387,500	2,487,500	2,587,500	2,687,500	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	0	0	1,587,617	1,735,007	1,873,687
provisions	409,129	572,356	572,356	572,356	572,356	572,356	590,330	0	0	0	0	0	0	0
total long term liabilities	2,346,629	2,609,856	2,659,856	572,356	2,859,856	2,959,856	3,077,830	2,587,500	2,687,500	0	0	1,587,617	1,735,007	1,873,687
total liabilities	3,694,924	3,527,701	3,481,958	3,492,472	3,601,974	3,656,748	3,685,110	3,119,807	3,328,250	1,891,458	1,999,047	2,166,101	2,263,649	2,338,054
net assets	5,450,035	6,059,811	6,289,653	6,281,653	6,039,064	6,078,128	5,746,348	1,196,897	943,795	878,061	634,651	627,113	1,849,545	1,711,614
total shareholders funds	5,450,035	6,059,811	6,289,653	6,281,653	6,039,064	6,078,128	5,746,348	1,196,897	943,795	878,061	634,651	627,113	1,849,545	1,711,614

	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	-402,232	-85,122	146,276	441,847	122,141	572,626	5,851,113	493,621	173,328	316,021	9,805	-1,223,010	191,083	2,147,707
Depreciation	92	123	163	218	290	71	95	126	68	91	121	162	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,877	-56,904	0	-77,825	-1,137,363	-63,275	-17,474	-72,707	-2,380	0	-53,640	-601,358
Stock	0	0	0	0	0	0	-1,100,000	0	0	0	0	0	0	1,100,000
Debtors	-205,908	-220,907	-127,397	474,070	-178,591	172,971	14,501	86,541	1,372,434	115,010	-131,587	-1,162,307	-130,621	2,949,081
Creditors	168,466	-75,742	75,742	0	0	-8,499	8,499	-100,000	-1,791,458	-107,589	1,420,563	49,842	64,275	464,367
Accruals and Deferred Income	261,984	171,485	13,744	-9,502	45,226	98,111	66,474	-8,443	440,750	0	0	0	0	0
Deferred Taxes & Provisions	-163,227	0	0	0	0	-17,974	590,330	0	0	0	0	0	0	0
Cash flow from operations	70,991	231,651	361,445	-98,411	346,248	393,539	6,464,647	235,488	-2,567,220	20,806	1,559,696	-10,699	332,339	-2,038,365
Investing Activities
capital expenditure	0	0	0	0	-949	0	0	-299	0	0	0	-648	0	0
Change in Investments	-168,998	0	4,881	69,720	94,397	0	6,000,000	0	0	0	0	0	0	0
cash flow from investments	168,998	0	-4,881	-69,720	-95,346	0	-6,000,000	-299	0	0	0	-648	0	0
Financing Activities
Bank loans	0	0	-2,187,500	2,187,500	100,000	0	0	-100,000	100,000	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	-100,000	-50,000	2,087,500	-2,287,500	-100,000	-100,000	-100,000	-100,000	2,687,500	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	0	0	-1,587,617	-147,390	-138,680	1,873,687
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	165,264
interest	-207,544	-144,720	-136,400	-142,355	-161,205	-163,021	-164,299	-177,244	-90,120	96	113	578	488	1
cash flow from financing	-307,544	-194,720	-236,400	-242,355	-161,205	-263,021	-264,299	-377,244	2,697,380	96	-1,587,504	-146,812	-138,192	2,038,952
cash and cash equivalents
cash	-67,555	36,931	120,165	-410,485	-10,303	130,518	200,348	-42,055	130,160	20,902	-27,808	-158,159	194,147	587
overdraft	0	0	0	0	-100,000	0	0	100,000	0	0	0	0	0	0
change in cash	-67,555	36,931	120,165	-410,485	89,697	130,518	200,348	-142,055	130,160	20,902	-27,808	-158,159	194,147	587

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITYLAKE INVESTMENTS LIMITED group structure

Citylake Investments Limited has no subsidiary companies.

Ultimate parent company

WICKPOINT LIMITED

04393481

1 parent

CITYLAKE INVESTMENTS LIMITED

01373857

CITYLAKE INVESTMENTS LIMITED Shareholders

wickpoint ltd

100%

Citylake Investments Limited currently has 2 directors. The longest serving directors include Mrs Pessie Berger (Mar 1992) and Mr Berish Berger (Oct 2002).

officer	country	age	start	end	role
Mrs Pessie Berger	England	66 years	Mar 1992	-	Director
Mr Berish Berger	United Kingdom	67 years	Oct 2002	-	Director

P&L

March 2023

turnover

747.2k

-35%

operating profit

-402.2k

gross margin

25.7%

+6.92%

turnover

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

Balance Sheet

March 2023

net assets

5.5m

-0.1%

total assets

9.1m

-0.05%

cash

117.4k

-0.37%

net assets

Total assets minus all liabilities

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company number

01373857

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

June 1978

age

accounts

Total Exemption Full

ultimate parent company

WICKPOINT LIMITED

previous names

N/A

incorporated

address

new burlington house, 1075 finchley road, london, NW11 0PU

last accounts submitted

March 2023

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 16 charges/mortgages relating to citylake investments limited. Currently there are 9 open charges and 7 have been satisfied in the past.

citylake investments limited Company Information

citylake investments limited Estimated Valuation

citylake investments limited Estimated Valuation

citylake investments limited Estimated Valuation

Citylake Investments Limited Overview

Citylake Investments Limited Health Check

CITYLAKE INVESTMENTS LIMITED financials

citylake investments limited Credit Report and Business Information

Citylake Investments Limited Competitor Analysis

citylake investments limited Ownership

citylake investments limited directors

citylake investments limited company details

citylake investments limited Charges & Mortgages

citylake investments limited Companies House Filings - See Documents