Heritage Land Limited

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heritage land limited Company Information

Company Number

01639243

Next Accounts

87 days late

Directors

Bradley Goldenberg

Stuart Goldenberg

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Shareholders

henry michael goldenberg

stuart allan goldenberg

Group Structure

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Industry

Renting and operating of Housing Association real estate

Registered Address

1st floor sackville house, 143-149 fenchurch street, london, EC3M 6BN

Website

www.heritagelandplc.com

heritage land limited Estimated Valuation

£21.5m

Pomanda estimates the enterprise value of HERITAGE LAND LIMITED at £21.5m based on Net Assets of £12.7m and 1.68x industry multiple (adjusted for liquidity).

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Heritage Land Limited is a live company located in london, EC3M 6BN with a Companies House number of 01639243. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in June 1982, it's largest shareholder is henry michael goldenberg with a 50% stake. Heritage Land Limited is a mature, small sized company, Pomanda has estimated its turnover at £659.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Heritage Land Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £659.9k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.6%)

EXPORT

Heritage Land Limited's latest turnover from March 2023 is estimated at £659.9 thousand and the company has net assets of £12.7 million. According to their latest financial statements, Heritage Land Limited has 5 employees and maintains cash reserves of £1.3 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	659,861	2,036,663	1,865,181	1,030,861	516,596	403,516	309,801	506,333	287,233	628,757	1,136,844	1,097,307
Other Income Or Grants
Cost Of Sales	235,606	675,325	579,685	308,641	149,747	115,890	88,016	158,178	106,191	253,782	394,659	354,145	22,696	11,375
Gross Profit	424,255	1,361,338	1,285,497	722,220	366,849	287,627	221,785	348,155	181,041	374,975	742,186	743,162	-22,696	-11,375
Admin Expenses	905,688	1,865,144	1,598,974	946,817	535,613	276,794	218,055	502,502	-3,211,042	74,441	232,429	-1,046,671	42,561	2,130
Operating Profit	-481,433	-503,806	-313,477	-224,597	-168,764	10,833	3,730	-154,347	3,392,083	300,534	509,757	1,789,833	-65,257	-13,505
Interest Payable								429	429				106	172
Interest Receivable	52,941	9,216	1,478	1,890	15,301	9,550	4,593	10,762	11,277	11,719	12,526	30,489	254,824	298,427
Pre-Tax Profit	-428,492	-494,590	-311,999	-222,707	-153,463	20,383	8,324	-144,014	3,402,930	312,253	522,283	1,820,322	205,552	314,819
Tax						-3,873	-1,665		-714,615	-71,818	-125,348	-473,284	204,246	-1,017,768
Profit After Tax	-428,492	-494,590	-311,999	-222,707	-153,463	16,510	6,659	-144,014	2,688,315	240,435	396,935	1,347,038	409,798	-702,949
Dividends Paid													245,893	652,034
Retained Profit	-428,492	-494,590	-311,999	-222,707	-153,463	16,510	6,659	-144,014	2,688,315	240,435	396,935	1,347,038	163,905	-1,354,983
Employee Costs	177,601	178,007	174,868	177,512	173,441	157,147	155,000	163,273	63,044	125,634	210,248	203,771	72,959	71,012
Number Of Employees	5	5	5	5	5	5	5	5	2	4	7	7	4	4
EBITDA*	-481,367	-503,730	-313,389	-224,503	-168,613	10,906	3,730	-154,347	3,392,083	301,968	511,192	1,791,268	-63,822	-13,505

* 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	8,449,049	264	8,570,115	8,570,203	8,059,728	8,059,570	7,669,351	7,347,850	6,913,349	6,813,349	9,424,783	7,526,218	3,072,653
Intangible Assets
Investments & Other	100	8,569,951	100	100	100	100	100	100	100	101	101	101	101	1,700,810
Debtors (Due After 1 year)									5,332,494	5,418,430	2,994,498	3,078,366
Total Fixed Assets	8,449,149	8,570,215	8,570,215	8,570,303	8,059,828	8,059,670	7,669,451	7,347,950	12,245,943	12,231,880	12,419,382	10,604,685	3,072,754	1,700,810
Stock & work in progress	1,094,383	1,094,383	1,094,383	1,094,383	1,094,383	1,094,383	1,094,383	1,094,383	914,532	914,532	914,532	914,532	790,342	659,570
Trade Debtors	57,504	286,434	274,873	105,241	34,239	21,553	8,692	36,793	25,935	47,819	96,581	111,335	39,530
Group Debtors	3,516,826	3,798,556	3,912,941	4,025,404	4,235,325	4,492,786	4,818,574	5,088,223
Misc Debtors	804	804	804	1,827	14,466	19,978	19,945	45,895	40,563					40,697
Cash	1,344,448	1,146,904	1,310,585	1,644,925	2,135,513	1,944,741	1,875,228	1,799,478	2,505,426	2,005,232	2,682,446	2,327,984	9,867,463	11,675,100
misc current assets
total current assets	6,013,965	6,327,081	6,593,586	6,871,780	7,513,926	7,573,441	7,816,822	8,064,772	3,486,456	2,967,583	3,693,559	3,353,851	10,697,335	12,375,367
total assets	14,463,114	14,897,296	15,163,801	15,442,083	15,573,754	15,633,111	15,486,273	15,412,722	15,732,399	15,199,463	16,112,941	13,958,536	13,770,089	14,076,177
Bank overdraft
Bank loan
Trade Creditors	2,672	3,446	3,487	11,509	11,181	2,984	171	21,554	9,693	189,296	444,547	212,205	106,691
Group/Directors Accounts	13,193	13,193	13,193	13,193	13,193	13,193	13,193	13,193
other short term finances
hp & lease commitments
other current liabilities	384,146	358,812	488,885	470,378	476,665	390,756	349,834	327,656	405,219					514,689
total current liabilities	400,011	375,451	505,565	495,080	501,039	406,933	363,198	362,403	414,912	189,296	444,547	212,205	106,691	514,689
loans									13,193					13,193
hp & lease commitments
Accruals and Deferred Income
other liabilities										13,193	13,193	13,193	13,193
provisions	1,313,499	1,343,749	985,550	962,318	865,323	865,323	778,730	712,633	822,594	281,735	627,885	1,002,757	2,417,916	2,666,625
total long term liabilities	1,313,499	1,343,749	985,550	962,318	865,323	865,323	778,730	712,633	835,787	294,928	641,078	1,015,950	2,431,109	2,679,818
total liabilities	1,713,510	1,719,200	1,491,115	1,457,398	1,366,362	1,272,256	1,141,928	1,075,036	1,250,699	484,224	1,085,625	1,228,155	2,537,800	3,194,507
net assets	12,749,604	13,178,096	13,672,686	13,984,685	14,207,392	14,360,855	14,344,345	14,337,686	14,481,700	14,715,239	15,027,316	12,730,381	11,232,289	10,881,670
total shareholders funds	12,749,604	13,178,096	13,672,686	13,984,685	14,207,392	14,360,855	14,344,345	14,337,686	14,481,700	14,715,239	15,027,316	12,730,381	11,232,289	10,881,670

	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	-481,433	-503,806	-313,477	-224,597	-168,764	10,833	3,730	-154,347	3,392,083	300,534	509,757	1,789,833	-65,257	-13,505
Depreciation	66	76	88	94	151	73				1,434	1,435	1,435	1,435
Amortisation
Tax						-3,873	-1,665		-714,615	-71,818	-125,348	-473,284	204,246	-1,017,768
Stock								179,851				124,190	130,772	659,570
Debtors	-510,660	-102,824	56,146	-151,558	-250,287	-312,894	-323,700	-228,081	-67,257	2,375,170	-98,622	3,150,171	-1,167	40,697
Creditors	-774	-41	-8,022	328	8,197	2,813	-21,383	11,861	-179,603	-255,251	232,342	105,514	106,691
Accruals and Deferred Income	25,334	-130,073	18,507	-6,287	85,909	40,922	22,178	-77,563	405,219				-514,689	514,689
Deferred Taxes & Provisions	-30,250	358,199	23,232	96,995		86,593	66,097	-109,961	540,859	-346,150	-374,872	-1,415,159	-248,709	2,666,625
Cash flow from operations	23,603	-172,821	-335,818	18,091	175,780	450,255	392,657	-281,780	3,511,200	-2,746,421	341,936	-3,266,022	-645,888	1,449,774
Investing Activities
capital expenditure	-8,448,851	8,569,775		-510,569	-309	-390,292	-321,501	-434,501	-100,000	2,610,000	-1,900,000	-4,455,000	-1,170,574	4,478,466
Change in Investments	-8,569,851	8,569,851							-1				-1,700,709	1,700,810
cash flow from investments	121,000	-76		-510,569	-309	-390,292	-321,501	-434,501	-99,999	2,610,000	-1,900,000	-4,455,000	530,135	2,777,656
Financing Activities
Bank loans
Group/Directors Accounts								13,193
Other Short Term Loans
Long term loans								-13,193	13,193				-13,193	13,193
Hire Purchase and Lease Commitments
other long term liabilities									-13,193				13,193
share issue									-2,921,854	-552,512	1,900,000	151,054	186,714	12,236,653
interest	52,941	9,216	1,478	1,890	15,301	9,550	4,593	10,333	10,848	11,719	12,526	30,489	254,718	298,255
cash flow from financing	52,941	9,216	1,478	1,890	15,301	9,550	4,593	10,333	-2,911,006	-540,793	1,912,526	181,543	441,432	12,548,101
cash and cash equivalents
cash	197,544	-163,681	-334,340	-490,588	190,772	69,513	75,750	-705,948	500,194	-677,214	354,462	-7,539,479	-1,807,637	11,675,100
overdraft
change in cash	197,544	-163,681	-334,340	-490,588	190,772	69,513	75,750	-705,948	500,194	-677,214	354,462	-7,539,479	-1,807,637	11,675,100

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HERITAGE LAND LIMITED group structure

Heritage Land Limited has 2 subsidiary companies.

Ultimate parent company

HERITAGE LAND LIMITED

01639243

2 subsidiaries

HERITAGE LANDBANK (PROPERTIES) LTD

02967131

HERITAGE LANDBANK (HOLDINGS) LTD

05274067

HERITAGE LAND LIMITED Shareholders

henry michael goldenberg	50%
stuart allan goldenberg	50%

Heritage Land Limited currently has 3 directors. The longest serving directors include Mr Bradley Goldenberg (Sep 1991) and Mr Stuart Goldenberg (Sep 1991).

officer	country	age	start	end	role
Mr Bradley Goldenberg	United Kingdom	53 years	Sep 1991	-	Director
Mr Stuart Goldenberg	England	76 years	Sep 1991	-	Director
Mr Henry Goldenberg		80 years	Sep 1991	-	Director

P&L

March 2023

turnover

659.9k

-68%

operating profit

-481.4k

gross margin

64.3%

-3.81%

turnover

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

Balance Sheet

March 2023

net assets

12.7m

-0.03%

total assets

14.5m

-0.03%

cash

1.3m

+0.17%

net assets

Total assets minus all liabilities

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company number

01639243

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

68100 - Buying and selling of own real estate

incorporation date

June 1982

ultimate parent company

None

previous names

heritage land plc (June 2010)

st. john's wood estate limited (March 1988)

address

1st floor sackville house, 143-149 fenchurch street, london, EC3M 6BN

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 10 charges/mortgages relating to heritage land limited. Currently there are 0 open charges and 10 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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heritage land limited Company Information

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heritage land limited Estimated Valuation

heritage land limited Estimated Valuation

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HERITAGE LAND LIMITED financials

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