towerstates limited
towerstates limited Company Information
Company Number
02007265
Next Accounts
Dec 2025
Shareholders
pessie berger
berish berger
Group Structure
View All
Industry
Development of building projects
Registered Address
new burlington house, 1075 finchley road, london, NW11 0PU
Website
-towerstates limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTATES LIMITED at £2.8m based on a Turnover of £5.2m and 0.53x industry multiple (adjusted for size and gross margin).
towerstates limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTATES LIMITED at £4.9m based on an EBITDA of £1.2m and a 4.19x industry multiple (adjusted for size and gross margin).
towerstates limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTATES LIMITED at £16.1m based on Net Assets of £11.4m and 1.41x industry multiple (adjusted for liquidity).
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Towerstates Limited Overview
Towerstates Limited is a live company located in london, NW11 0PU with a Companies House number of 02007265. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1986, it's largest shareholder is pessie berger with a 99% stake. Towerstates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with declining growth in recent years.
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Towerstates Limited Health Check
Pomanda's financial health check has awarded Towerstates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £5.2m, make it larger than the average company (£2.3m)
- Towerstates Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6%)
- Towerstates Limited
6% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
- Towerstates Limited
26.4% - Industry AVG
Profitability
an operating margin of 21.7% make it more profitable than the average company (7.5%)
- Towerstates Limited
7.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Towerstates Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Towerstates Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £2.6m, this is more efficient (£274.9k)
- Towerstates Limited
£274.9k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (27 days)
- Towerstates Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (31 days)
- Towerstates Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Towerstates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Towerstates Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.8%, this is a lower level of debt than the average (73.7%)
53.8% - Towerstates Limited
73.7% - Industry AVG
TOWERSTATES LIMITED financials
Towerstates Limited's latest turnover from March 2024 is estimated at £5.2 million and the company has net assets of £11.4 million. According to their latest financial statements, Towerstates Limited has 2 employees and maintains cash reserves of £54.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,027,107 | |||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 324,378 | |||||||||||||
| Gross Profit | 702,729 | |||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 323,803 | |||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | 323,803 | |||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 323,803 | |||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 127,999 | 155,381 | 190,501 | 238,291 | 298,084 | 5,071 | 6,194 | 7,730 | 4,130 | 9,480,158 | 5,458,337 | 1,814,385 | 62,152 | 62,558 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 4,810,897 | 3,801,027 | 5,531,027 | 4,896,227 | 4,896,227 | 4,761,027 | 6,434,836 | 11,441,134 | 9,657,779 | 102 | 100 | 100 | 100 | 100 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 4,938,896 | 3,956,408 | 5,721,528 | 5,134,518 | 5,194,311 | 4,766,098 | 6,441,030 | 11,448,864 | 9,661,909 | 9,480,260 | 5,458,437 | 1,814,485 | 62,252 | 62,658 |
| Stock & work in progress | 9,549,342 | 5,546,051 | ||||||||||||
| Trade Debtors | 686,424 | 852,579 | 668,357 | 592,855 | 276,672 | 1,696,395 | 439,071 | 242,507 | 44,796 | 3,327,680 | 3,239,693 | 3,029,335 | 3,113,394 | 10,477,615 |
| Group Debtors | 2,434 | 2,434 | 2,434 | 2,434 | 2,434 | 2,434 | 2,434 | 2,441,034 | 2,434 | |||||
| Misc Debtors | 18,975,098 | 19,108,601 | 18,154,669 | 18,427,212 | 18,339,173 | 14,011,727 | 8,083,871 | 4,450,811 | 2,629,867 | |||||
| Cash | 54,835 | 265,476 | 15,402 | 109,612 | 26,603 | 4,419,187 | 10,594,247 | 2,518,185 | 172,439 | 786,790 | 165,300 | 109,060 | 20,196 | |
| misc current assets | ||||||||||||||
| total current assets | 19,718,791 | 20,229,090 | 18,840,862 | 19,132,113 | 18,644,882 | 20,129,743 | 19,119,623 | 19,201,879 | 8,395,587 | 4,114,470 | 3,404,993 | 3,138,395 | 3,133,590 | 10,477,615 |
| total assets | 24,657,687 | 24,185,498 | 24,562,390 | 24,266,631 | 23,839,193 | 24,895,841 | 25,560,653 | 30,650,743 | 18,057,496 | 13,594,730 | 8,863,430 | 4,952,880 | 3,195,842 | 10,540,273 |
| Bank overdraft | 174,000 | 172,115 | 10,334,658 | 1,555,761 | ||||||||||
| Bank loan | 113,309 | 206,400 | 193,600 | |||||||||||
| Trade Creditors | 541,264 | 574,413 | 576,337 | 620,246 | 630,914 | 502,994 | 11,003 | 10,626,725 | 6,923,396 | 4,821,688 | 3,193,836 | 3,096,598 | ||
| Group/Directors Accounts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 12,591,530 | 13,067,384 | 13,261,093 | 13,501,195 | 12,840,362 | 13,360,148 | 14,449,694 | 15,995,219 | 13,587,430 | |||||
| total current liabilities | 13,132,796 | 13,641,799 | 13,950,741 | 14,327,843 | 13,664,878 | 14,037,144 | 14,632,814 | 26,329,879 | 15,143,193 | 10,626,725 | 6,923,396 | 4,821,688 | 3,193,836 | 3,096,598 |
| loans | 124,772 | 343,977 | 740,283 | 915,979 | 1,088,095 | 1,807,231 | 787,204 | 999,093 | ||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 1,397,532 | 553,180 | ||||||||||||
| provisions | 125,529 | 99,949 | 36,932 | |||||||||||
| total long term liabilities | 125,529 | 99,949 | 124,772 | 343,977 | 740,283 | 952,911 | 1,088,095 | 1,807,231 | 2,184,736 | 1,552,273 | ||||
| total liabilities | 13,258,325 | 13,641,799 | 14,050,690 | 14,452,615 | 14,008,855 | 14,777,427 | 15,585,725 | 27,417,974 | 16,950,424 | 12,811,461 | 8,475,669 | 4,821,688 | 3,193,836 | 3,096,598 |
| net assets | 11,399,362 | 10,543,699 | 10,511,700 | 9,814,016 | 9,830,338 | 10,118,414 | 9,974,928 | 3,232,769 | 1,107,072 | 783,269 | 387,761 | 131,192 | 2,006 | 7,443,675 |
| total shareholders funds | 11,399,362 | 10,543,699 | 10,511,700 | 9,814,016 | 9,830,338 | 10,118,414 | 9,974,928 | 3,232,769 | 1,107,072 | 783,269 | 387,761 | 131,192 | 2,006 | 7,443,675 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 32,406 | 38,968 | 47,790 | 59,793 | 74,814 | 1,690 | 2,064 | 2,576 | 1,376 | 783 | 1,043 | 1,071 | 1,264 | 1,399 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -9,549,342 | 4,003,291 | 5,546,051 | |||||||||||
| Debtors | -299,658 | 1,138,154 | -197,041 | 404,222 | 18,618,279 | 7,185,180 | 1,391,024 | 4,457,255 | -650,583 | 87,987 | 210,358 | -84,059 | -7,364,221 | 10,477,615 |
| Creditors | -33,149 | -1,924 | -43,909 | -10,668 | 630,914 | 491,991 | 11,003 | -10,626,725 | 3,703,329 | 2,101,708 | 1,627,852 | 97,238 | 3,096,598 | |
| Accruals and Deferred Income | -475,854 | -193,709 | -240,102 | 660,833 | 12,840,362 | -1,089,546 | -1,545,525 | 2,407,789 | 13,587,430 | |||||
| Deferred Taxes & Provisions | 125,529 | -99,949 | 99,949 | -36,932 | 36,932 | |||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,009,870 | -1,730,000 | 634,800 | 4,896,227 | -1,673,809 | -5,006,298 | 1,783,355 | 9,657,677 | 2 | 100 | ||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -113,309 | -93,091 | 12,800 | 193,600 | ||||||||||
| Group/Directors Accounts | 2 | 2 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -124,772 | -219,205 | 343,977 | -175,696 | -172,116 | -719,136 | 1,020,027 | -211,889 | 999,093 | |||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -1,397,532 | 844,352 | 553,180 | |||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | -377,503 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -210,641 | 250,074 | -94,210 | 83,009 | 26,603 | -6,175,060 | 8,076,062 | 2,345,746 | -614,351 | 621,490 | 56,240 | 88,864 | 20,196 | |
| overdraft | 1,885 | -10,162,543 | 8,778,897 | 1,555,761 | ||||||||||
| change in cash | -210,641 | 250,074 | -94,210 | 83,009 | 26,603 | -6,176,945 | 18,238,605 | -6,433,151 | -2,170,112 | 621,490 | 56,240 | 88,864 | 20,196 |
towerstates limited Credit Report and Business Information
Towerstates Limited Competitor Analysis
Perform a competitor analysis for towerstates limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in NW11 area or any other competitors across 12 key performance metrics.
towerstates limited Ownership
TOWERSTATES LIMITED group structure
Towerstates Limited has 4 subsidiary companies.
Ultimate parent company
TOWERSTATES LIMITED
02007265
4 subsidiaries
towerstates limited directors
Towerstates Limited currently has 2 directors. The longest serving directors include Mrs Pessie Berger (Sep 1992) and Mr Berish Berger (Sep 1993).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Pessie Berger | 66 years | Sep 1992 | - | Director | |
| Mr Berish Berger | 68 years | Sep 1993 | - | Director |
P&L
March 2024turnover
5.2m
-13%
operating profit
1.1m
0%
gross margin
26.5%
+1.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
11.4m
+0.08%
total assets
24.7m
+0.02%
cash
54.8k
-0.79%
net assets
Total assets minus all liabilities
Similar Companies
towerstates limited company details
company number
02007265
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 1986
age
39
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
new burlington house, 1075 finchley road, london, NW11 0PU
Bank
NATIONWIDE BUILDING SOCIETY
Legal Advisor
-
towerstates 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 58 charges/mortgages relating to towerstates limited. Currently there are 2 open charges and 56 have been satisfied in the past.
towerstates 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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towerstates limited Companies House Filings - See Documents
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