manhattan corporation limited

Dissolved 

manhattan corporation limited Company Information

Share MANHATTAN CORPORATION LIMITED

Company Number

01703152

Shareholders

colin blundell

harry ratcliffe

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Group Structure

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Industry

Buying and selling of own real estate

 

Registered Address

c/o tc bulley davey ltd, arw hou, 11-12 baldock industrial estate, baldock, hertfordshire, SG7 6NG

manhattan corporation limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of MANHATTAN CORPORATION LIMITED at £4.2m based on a Turnover of £2.2m and 1.95x industry multiple (adjusted for size and gross margin).

manhattan corporation limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MANHATTAN CORPORATION LIMITED at £0 based on an EBITDA of £-20k and a 4.2x industry multiple (adjusted for size and gross margin).

manhattan corporation limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MANHATTAN CORPORATION LIMITED at £1.1m based on Net Assets of £735.5k and 1.51x industry multiple (adjusted for liquidity).

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Manhattan Corporation Limited Overview

Manhattan Corporation Limited is a dissolved company that was located in baldock, SG7 6NG with a Companies House number of 01703152. It operated in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 1983, it's largest shareholder was colin blundell with a 33% stake. The last turnover for Manhattan Corporation Limited was estimated at £2.2m.

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Manhattan Corporation Limited Health Check

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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £2.2m, make it larger than the average company (£815.3k)

£2.2m - Manhattan Corporation Limited

£815.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (1%)

-3% - Manhattan Corporation Limited

1% - Industry AVG

production

Production

with a gross margin of 22.7%, this company has a higher cost of product (67.5%)

22.7% - Manhattan Corporation Limited

67.5% - Industry AVG

profitability

Profitability

an operating margin of -0.9% make it less profitable than the average company (32.9%)

-0.9% - Manhattan Corporation Limited

32.9% - Industry AVG

employees

Employees

with 4 employees, this is similar to the industry average (4)

4 - Manhattan Corporation Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)

£35.7k - Manhattan Corporation Limited

£35.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £538.1k, this is more efficient (£199.8k)

£538.1k - Manhattan Corporation Limited

£199.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 125 days, this is later than average (32 days)

125 days - Manhattan Corporation Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (32 days)

0 days - Manhattan Corporation Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Manhattan Corporation Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Manhattan Corporation Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 0.5%, this is a lower level of debt than the average (64.3%)

0.5% - Manhattan Corporation Limited

64.3% - Industry AVG

MANHATTAN CORPORATION LIMITED financials

EXPORTms excel logo

Manhattan Corporation Limited's latest turnover from March 2021 is estimated at £2.2 million and the company has net assets of £735.5 thousand. According to their latest financial statements, we estimate that Manhattan Corporation Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,152,3942,510,0102,106,7732,382,8041,175,423104,394604,492377,489114,9302,066,342272,833298,821
Other Income Or Grants
Cost Of Sales1,663,6561,985,9601,576,8921,780,457888,69577,175460,026297,84790,2931,623,265219,853245,176
Gross Profit488,738524,050529,881602,346286,72827,219144,46679,64224,637443,07752,98053,645
Admin Expenses508,697163,046522,724-44,44390,133-35,908241,862625,1621,699,917604,27345,979-2,986,917
Operating Profit-19,959361,0047,157646,789196,59563,127-97,396-545,520-1,675,280-161,1967,0013,040,562
Interest Payable
Interest Receivable31193641,9062,2793,1803,314759
Pre-Tax Profit-19,959361,0047,157646,789196,59863,246-97,032-543,614-1,673,001-158,01610,3153,041,321
Tax-68,591-1,360-122,890-39,319-12,649-2,888-851,570
Profit After Tax-19,959292,4135,797523,899157,27850,597-97,032-543,614-1,673,001-158,0167,4272,189,751
Dividends Paid
Retained Profit-19,959292,4135,797523,899157,27850,597-97,032-543,614-1,673,001-158,0167,4272,189,751
Employee Costs142,607155,229154,900141,18570,70537,70635,03935,67232,725129,56833,10332,539
Number Of Employees444421111411
EBITDA*-19,959361,0047,157646,789196,59566,009-87,426-543,748-1,673,662-159,36510,6943,061,491

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets25031313,36615,80118,68324,1459,0129,23211,0631,656,929
Intangible Assets
Investments & Other
Debtors (Due After 1 year)22,00010,900
Total Fixed Assets25031313,36615,80118,68346,1459,01220,13211,0631,656,929
Stock & work in progress143,122766,9021,468,6791,660,5181,919,5291,628,765929,453
Trade Debtors738,960760,385614,003651,514291,6598,21195,11713,1016,910585,69655,48553,658
Group Debtors
Misc Debtors
Cash2,13945,468100,241661,981249,7501,022,095303,608
misc current assets
total current assets738,960760,385614,003651,514291,659153,472907,4871,582,0212,329,4092,754,9752,706,3451,286,719
total assets738,960760,385614,253651,827305,025169,273926,1701,628,1662,338,4212,775,1072,717,4082,943,648
Bank overdraft
Bank loan
Trade Creditors 3,4204,886151,167194,538371,635393,0611,200,5551,022,347356,641735,845520,130753,797
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities3,4204,886151,167194,538371,635393,0611,200,5551,022,347356,641735,845520,130753,797
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities783,1721,615,519
provisions
total long term liabilities783,1721,615,519
total liabilities3,4204,886151,167194,538371,635393,0611,200,5551,805,5191,972,160735,845520,130753,797
net assets735,540755,499463,086457,289-66,610-223,788-274,385-177,353366,2612,039,2622,197,2782,189,851
total shareholders funds735,540755,499463,086457,289-66,610-223,788-274,385-177,353366,2612,039,2622,197,2782,189,851
Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-19,959361,0047,157646,789196,59563,127-97,396-545,520-1,675,280-161,1967,0013,040,562
Depreciation2,8829,9701,7721,6181,8313,69320,929
Amortisation
Tax-68,591-1,360-122,890-39,319-12,649-2,888-851,570
Stock-143,122-623,780-701,777-191,839-259,011290,764699,312929,453
Debtors-21,425146,382-37,511359,855283,448-86,90660,01628,191-589,686541,1111,82753,658
Creditors-1,466-146,281-43,371-177,097-21,426-807,494178,208665,706-379,204215,715-233,667753,797
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-250-63-13,053-4,476-43,448732,543285,606-1,204,169-775,525-927,0001,980,607
Investing Activities
capital expenditure2506313,0532,435-4,508-16,905-1,3981,642,173-1,677,858
Change in Investments
cash flow from investments2506313,0532,435-4,508-16,905-1,3981,642,173-1,677,858
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-783,172-832,3471,615,519
share issue-100100
interest31193641,9062,2793,1803,314759
cash flow from financing-97119-782,808-830,4411,617,7983,1803,314859
cash and cash equivalents
cash-2,139-43,329-54,773-561,740412,231-772,345718,487303,608
overdraft
change in cash-2,139-43,329-54,773-561,740412,231-772,345718,487303,608

manhattan corporation limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Manhattan Corporation Limited Competitor Analysis

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Perform a competitor analysis for manhattan corporation limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other undefined companies, companies in SG7 area or any other competitors across 12 key performance metrics.

manhattan corporation limited Ownership

MANHATTAN CORPORATION LIMITED group structure

Manhattan Corporation Limited has no subsidiary companies.

Ultimate parent company

MANHATTAN CORPORATION LIMITED

01703152

MANHATTAN CORPORATION LIMITED Shareholders

colin blundell 33%
harry ratcliffe 16.75%
mark blundell jnr 16.75%
callum daniel blundell 16.75%
emily ratcliffe 16.75%

manhattan corporation limited directors

Manhattan Corporation Limited currently has 4 directors. The longest serving directors include Mr Mark Blundell (Jul 2017) and Miss Emily Ratcliffe (Jul 2017).

officercountryagestartendrole
Mr Mark BlundellUnited Kingdom38 years Jul 2017- Director
Miss Emily RatcliffeUnited Kingdom30 years Jul 2017- Director
Mr Harry RatcliffeEngland27 years Jul 2017- Director
Mr Callum BlundellUnited Kingdom31 years Jul 2017- Director

P&L

March 2021

turnover

2.2m

-14%

operating profit

-20k

0%

gross margin

22.8%

+8.76%

turnover

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

Balance Sheet

March 2021

net assets

735.5k

-0.03%

total assets

739k

-0.03%

cash

0

0%

net assets

Total assets minus all liabilities

manhattan corporation limited company details

company number

01703152

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

March 1983

age

42

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2021

previous names

fleetray limited (March 1990)

accountant

GEORGE HAY PARTNERSHIP LLP

auditor

-

address

c/o tc bulley davey ltd, arw hou, 11-12 baldock industrial estate, baldock, hertfordshire, SG7 6NG

Bank

-

Legal Advisor

-

manhattan corporation limited Charges & Mortgages

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 7 charges/mortgages relating to manhattan corporation limited. Currently there are 0 open charges and 7 have been satisfied in the past.

manhattan corporation limited Capital Raised & Share Issues BETA

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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manhattan corporation limited Companies House Filings - See Documents

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