portobello developments limited
portobello developments limited Company Information
Company Number
02396998
Next Accounts
Jun 2025
Shareholders
david john george royds
ivo laurence george hesmondhalgh
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
first floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP
Website
-portobello developments limited Estimated Valuation
Pomanda estimates the enterprise value of PORTOBELLO DEVELOPMENTS LIMITED at £25.7k based on a Turnover of £35.5k and 0.72x industry multiple (adjusted for size and gross margin).
portobello developments limited Estimated Valuation
Pomanda estimates the enterprise value of PORTOBELLO DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-46.3k and a 5.73x industry multiple (adjusted for size and gross margin).
portobello developments limited Estimated Valuation
Pomanda estimates the enterprise value of PORTOBELLO DEVELOPMENTS LIMITED at £1.5m based on Net Assets of £1m and 1.41x industry multiple (adjusted for liquidity).
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Portobello Developments Limited Overview
Portobello Developments Limited is a live company located in watford, WD17 1HP with a Companies House number of 02396998. It operates in the development of building projects sector, SIC Code 41100. Founded in June 1989, it's largest shareholder is david john george royds with a 30.8% stake. Portobello Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £35.5k with declining growth in recent years.
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Portobello Developments Limited Health Check
Pomanda's financial health check has awarded Portobello Developments Limited a 3.5 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
4 Strong
0 Regular
5 Weak
Size
annual sales of £35.5k, make it smaller than the average company (£2.2m)
£35.5k - Portobello Developments Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (3.5%)
-58% - Portobello Developments Limited
3.5% - Industry AVG
Production
with a gross margin of 55.3%, this company has a lower cost of product (26.4%)
55.3% - Portobello Developments Limited
26.4% - Industry AVG
Profitability
an operating margin of -130.5% make it less profitable than the average company (7%)
-130.5% - Portobello Developments Limited
7% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Portobello Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £6k, the company has a lower pay structure (£48k)
£6k - Portobello Developments Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £11.8k, this is less efficient (£275.1k)
£11.8k - Portobello Developments Limited
£275.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Portobello Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Portobello Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Portobello Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1225 weeks, this is more cash available to meet short term requirements (13 weeks)
1225 weeks - Portobello Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7%, this is a lower level of debt than the average (72.7%)
7% - Portobello Developments Limited
72.7% - Industry AVG
PORTOBELLO DEVELOPMENTS LIMITED financials
Portobello Developments Limited's latest turnover from September 2023 is £35.5 thousand and the company has net assets of £1 million. According to their latest financial statements, Portobello Developments Limited has 3 employees and maintains cash reserves of £664.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,457 | 41,170 | 42,754 | 474,177 | 860,274 | 46,403 | 545,704 | 1,102,155 | 579,980 | 916,037 | 5,785 | 6,044 | 367,006 | 57,519 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 15,862 | 969 | 419,693 | 881,034 | 95,977 | 1,679 | 594,498 | 1,062,260 | 549,825 | 804,083 | 34,621 | 67,196 | 379,030 | 67,790 | |
| Gross Profit | 19,595 | 41,170 | 41,785 | 54,484 | -20,760 | -49,574 | -1,679 | -48,794 | 39,895 | 30,155 | 111,954 | -28,836 | -61,152 | -12,024 | -10,271 |
| Admin Expenses | 65,871 | 119,048 | 65,866 | 159,097 | 22,237 | -39,192 | 76,211 | 66,106 | 74,464 | 71,939 | 68,359 | 78,176 | 92,092 | 100,988 | 77,835 |
| Operating Profit | -46,276 | -77,878 | -24,081 | -104,613 | -42,997 | -10,382 | -77,890 | -114,900 | -34,569 | -41,784 | 43,595 | -107,012 | -153,244 | -113,012 | -88,106 |
| Interest Payable | 3,830 | 3,983 | 2,099 | 10,058 | 25,540 | 7,149 | 5,922 | 7,429 | 3,039 | 16,068 | 3,700 | ||||
| Interest Receivable | 4,491 | 5,004 | 18,335 | 16,685 | 17,812 | 425 | 91 | 808 | 150 | 79 | 25 | 66 | 183 | 298 | 11,122 |
| Pre-Tax Profit | -26,715 | 30,177 | 52,155 | -97,986 | -50,725 | -17,106 | -83,721 | -114,092 | -41,848 | -41,705 | 43,620 | -111,946 | -133,937 | 95,279 | -80,684 |
| Tax | 10,530 | -27,084 | 23,627 | 5,513 | 14,607 | 3,066 | 10,244 | 43,123 | 473 | -473 | 16,800 | -65,356 | -18,500 | ||
| Profit After Tax | -16,185 | 3,093 | 75,782 | -92,473 | -36,118 | -14,040 | -73,477 | -70,969 | -41,848 | -41,232 | 43,147 | -111,946 | -117,137 | 29,923 | -99,184 |
| Dividends Paid | 51,747 | 51,747 | 51,747 | 103,811 | 54,630 | 54,350 | |||||||||
| Retained Profit | -16,185 | -48,654 | 24,035 | -92,473 | -36,118 | -14,040 | -73,477 | -70,969 | -93,595 | -41,232 | 43,147 | -215,757 | -117,137 | -24,707 | -153,534 |
| Employee Costs | 18,124 | 18,131 | 19,540 | 18,189 | 19,919 | 18,000 | 18,020 | 19,070 | 17,767 | 17,321 | 14,685 | 14,712 | 14,658 | 23,316 | 6,000 |
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA* | -46,276 | -77,878 | -24,081 | -104,613 | -42,997 | -10,382 | -77,890 | -114,900 | -34,569 | -41,784 | 43,595 | -107,012 | -153,244 | -113,012 | -88,106 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 350,020 | 350,020 | 402,520 | 402,520 | 402,520 | 269,785 | 520 | 84,901 | 84,901 | 84,401 | 184,401 | 184,401 | 734,401 | 1,124,151 | 1,955,000 |
| Debtors (Due After 1 year) | 83,626 | 73,096 | 100,180 | 76,553 | 269,040 | 254,433 | 177,768 | 43,123 | |||||||
| Total Fixed Assets | 433,646 | 423,116 | 502,700 | 479,073 | 671,560 | 524,218 | 178,288 | 128,024 | 84,901 | 84,401 | 184,401 | 184,401 | 734,401 | 1,124,151 | 1,955,000 |
| Stock & work in progress | 130,490 | 490,000 | 580,625 | 568,935 | 1,065,496 | 1,420,520 | 969,568 | 1,417,141 | 1,255,670 | 271,015 | 279,481 | ||||
| Trade Debtors | |||||||||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 13,401 | 9,594 | 275,517 | 310,461 | 229,029 | 163,351 | 148,547 | 68,698 | 79,903 | 31,905 | 35,778 | 26,838 | 34,744 | 56,939 | 154,603 |
| Cash | 664,765 | 720,522 | 427,089 | 465,918 | 317,737 | 37,697 | 502,722 | 754,216 | 482,594 | 138,567 | 431,580 | 92,835 | 3,005 | 621,807 | 314,211 |
| misc current assets | 185,633 | ||||||||||||||
| total current assets | 678,166 | 730,116 | 702,606 | 776,379 | 767,314 | 876,681 | 1,231,894 | 1,391,849 | 1,627,993 | 1,590,992 | 1,436,926 | 1,536,814 | 1,293,419 | 949,761 | 748,295 |
| total assets | 1,111,812 | 1,153,232 | 1,205,306 | 1,255,452 | 1,438,874 | 1,400,899 | 1,410,182 | 1,519,873 | 1,712,894 | 1,675,393 | 1,621,327 | 1,721,215 | 2,027,820 | 2,073,912 | 2,703,295 |
| Bank overdraft | 2,892 | 2,074 | 12,167 | 874 | 5,814 | 6,092 | 180,959 | 2,606 | 146,121 | 152,572 | 1,263 | 1,386 | |||
| Bank loan | 14,749 | 11,589 | 11,817 | 11,066 | 7,733 | 4,952 | 4,709 | 201,061 | 305,166 | 30,626 | |||||
| Trade Creditors | 2,233 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 303,700 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 13,461 | 20,709 | 10,290 | 25,437 | 173,788 | 23,684 | 13,955 | 22,502 | 40,171 | 39,372 | 22,427 | 21,948 | 21,877 | 77,745 | 31,989 |
| total current liabilities | 28,210 | 35,190 | 24,181 | 48,670 | 181,521 | 28,636 | 19,538 | 229,377 | 351,429 | 220,331 | 25,033 | 168,069 | 174,449 | 81,241 | 367,701 |
| loans | 50,018 | 68,273 | 82,702 | 132,394 | 90,492 | 169,284 | 173,625 | 333,344 | |||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 50,018 | 68,273 | 82,702 | 132,394 | 90,492 | 169,284 | 173,625 | 333,344 | |||||||
| total liabilities | 78,228 | 103,463 | 106,883 | 181,064 | 272,013 | 197,920 | 193,163 | 229,377 | 351,429 | 220,331 | 25,033 | 168,069 | 174,449 | 81,241 | 701,045 |
| net assets | 1,033,584 | 1,049,769 | 1,098,423 | 1,074,388 | 1,166,861 | 1,202,979 | 1,217,019 | 1,290,496 | 1,361,465 | 1,455,062 | 1,596,294 | 1,553,146 | 1,853,371 | 1,992,671 | 2,002,250 |
| total shareholders funds | 1,033,584 | 1,049,769 | 1,098,423 | 1,074,388 | 1,166,861 | 1,202,979 | 1,217,019 | 1,290,496 | 1,361,465 | 1,455,062 | 1,596,294 | 1,553,146 | 1,853,371 | 1,992,671 | 2,002,250 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -46,276 | -77,878 | -24,081 | -104,613 | -42,997 | -10,382 | -77,890 | -114,900 | -34,569 | -41,784 | 43,595 | -107,012 | -153,244 | -113,012 | -88,106 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 10,530 | -27,084 | 23,627 | 5,513 | 14,607 | 3,066 | 10,244 | 43,123 | 473 | -473 | 16,800 | -65,356 | -18,500 | ||
| Stock | -130,490 | -359,510 | -90,625 | 11,690 | -496,561 | -355,024 | 450,952 | -447,573 | 161,471 | 984,655 | -8,466 | 279,481 | |||
| Debtors | 14,337 | -293,007 | -11,317 | -111,055 | 80,285 | 91,469 | 214,494 | 31,918 | 47,998 | -3,873 | 8,940 | -7,906 | -22,195 | -97,664 | 154,603 |
| Creditors | -2,233 | 2,233 | |||||||||||||
| Accruals and Deferred Income | -7,248 | 10,419 | -15,147 | -148,351 | 150,104 | 9,729 | -8,547 | -17,669 | 799 | 16,945 | 479 | 71 | -55,868 | 45,756 | 31,989 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -57,331 | 198,464 | -4,284 | -5,906 | 400,939 | 1,569 | -302,377 | 375,197 | 273,256 | -471,445 | 482,234 | -260,506 | -1,157,005 | -24,249 | -508,701 |
| Investing Activities | |||||||||||||||
| capital expenditure | -269,265 | 84,381 | -500 | 545,000 | 389,750 | 1,070,037 | |||||||||
| Change in Investments | -52,500 | 132,735 | 269,265 | -84,381 | 500 | -100,000 | -550,000 | -389,750 | -830,849 | 1,955,000 | |||||
| cash flow from investments | 52,500 | -132,735 | -538,530 | 168,762 | -1,000 | 100,000 | 1,095,000 | 779,500 | 1,900,886 | -1,955,000 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | 3,160 | -228 | 751 | 3,333 | 2,781 | 243 | -196,352 | -104,105 | 305,166 | -30,626 | 30,626 | ||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -303,700 | 303,700 | |||||||||||||
| Long term loans | -18,255 | -14,429 | -49,692 | 41,902 | -78,792 | -4,341 | 173,625 | -333,344 | 333,344 | ||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 661 | 1,021 | 16,236 | 6,627 | -7,728 | -6,724 | -5,831 | 808 | -7,279 | 79 | 25 | 66 | -2,856 | -15,770 | 7,422 |
| cash flow from financing | -14,434 | -13,636 | -32,705 | 51,862 | -83,739 | -10,822 | -28,558 | -103,297 | 297,885 | -99,921 | 26 | -84,402 | -25,019 | -668,312 | 2,830,876 |
| cash and cash equivalents | |||||||||||||||
| cash | -55,757 | 293,433 | -38,829 | 148,181 | 280,040 | -465,025 | -251,494 | 271,622 | 344,027 | -293,013 | 338,745 | 89,830 | -618,802 | 307,596 | 314,211 |
| overdraft | -2,892 | 818 | -10,093 | 12,167 | -874 | -4,940 | -278 | -174,867 | 178,353 | -143,515 | -6,451 | 151,309 | -123 | 1,386 | |
| change in cash | -52,865 | 292,615 | -28,736 | 136,014 | 280,040 | -464,151 | -246,554 | 271,900 | 518,894 | -471,366 | 482,260 | 96,281 | -770,111 | 307,719 | 312,825 |
portobello developments limited Credit Report and Business Information
Portobello Developments Limited Competitor Analysis
Perform a competitor analysis for portobello developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in WD17 area or any other competitors across 12 key performance metrics.
portobello developments limited Ownership
PORTOBELLO DEVELOPMENTS LIMITED group structure
Portobello Developments Limited has 1 subsidiary company.
Ultimate parent company
PORTOBELLO DEVELOPMENTS LIMITED
02396998
1 subsidiary
portobello developments limited directors
Portobello Developments Limited currently has 2 directors. The longest serving directors include Mr Ivo Hesmondhalgh (Jun 1992) and Mr Richard Claydon (Oct 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ivo Hesmondhalgh | England | 68 years | Jun 1992 | - | Director |
| Mr Richard Claydon | 71 years | Oct 2004 | - | Director |
P&L
September 2023turnover
35.5k
-14%
operating profit
-46.3k
-41%
gross margin
55.3%
-44.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1m
-0.02%
total assets
1.1m
-0.04%
cash
664.8k
-0.08%
net assets
Total assets minus all liabilities
portobello developments limited company details
company number
02396998
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
portobello developments plc. limited (November 2021)
portobello developments plc. (November 2021)
See moreaccountant
-
auditor
HILLIER HOPKINS LLP
address
first floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
portobello developments 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 23 charges/mortgages relating to portobello developments limited. Currently there are 1 open charges and 22 have been satisfied in the past.
portobello developments 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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portobello developments limited Companies House Filings - See Documents
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