option properties limited
option properties limited Company Information
Company Number
02417151
Website
-Registered Address
douglas bank house wigan lane, wigan, lancashire, WN1 2TB
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
01772814134
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
andrew george bond 50%
mr michael bond 50%
option properties limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION PROPERTIES LIMITED at £94.1k based on a Turnover of £28.8k and 3.27x industry multiple (adjusted for size and gross margin).
option properties limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION PROPERTIES LIMITED at £331.5k based on an EBITDA of £46.7k and a 7.1x industry multiple (adjusted for size and gross margin).
option properties limited Estimated Valuation
Pomanda estimates the enterprise value of OPTION PROPERTIES LIMITED at £1.2m based on Net Assets of £761.2k and 1.62x industry multiple (adjusted for liquidity).
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Option Properties Limited Overview
Option Properties Limited is a live company located in lancashire, WN1 2TB with a Companies House number of 02417151. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 1989, it's largest shareholder is andrew george bond with a 50% stake. Option Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £28.8k with declining growth in recent years.
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Option Properties Limited Health Check
Pomanda's financial health check has awarded Option Properties Limited a 4.5 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
2 Regular
5 Weak
Size
annual sales of £28.8k, make it smaller than the average company (£800.8k)
- Option Properties Limited
£800.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (1.9%)
- Option Properties Limited
1.9% - Industry AVG
Production
with a gross margin of 74.7%, this company has a comparable cost of product (74.7%)
- Option Properties Limited
74.7% - Industry AVG
Profitability
an operating margin of 134.2% make it more profitable than the average company (36.7%)
- Option Properties Limited
36.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Option Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- Option Properties Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £28.8k, this is less efficient (£170.6k)
- Option Properties Limited
£170.6k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (30 days)
- Option Properties Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 218 days, this is slower than average (37 days)
- Option Properties Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Option Properties Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (15 weeks)
49 weeks - Option Properties Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.8%, this is a lower level of debt than the average (62.9%)
35.8% - Option Properties Limited
62.9% - Industry AVG
OPTION PROPERTIES LIMITED financials
Option Properties Limited's latest turnover from March 2023 is estimated at £28.8 thousand and the company has net assets of £761.2 thousand. According to their latest financial statements, we estimate that Option Properties Limited has 1 employee and maintains cash reserves of £96.2 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 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* 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 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 77,666 | 60,072 | 66,254 | 48,333 | 43,182 | 46,432 | 50,313 | 54,096 | 579,105 | 579,106 | 826,866 | 827,775 | 829,228 | 829,201 | 834,111 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 994,000 | 994,000 | 994,000 | 750,000 | 750,000 | 750,000 | 571,825 | 571,825 | 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 | 0 |
| Total Fixed Assets | 1,071,666 | 1,054,072 | 1,060,254 | 798,333 | 793,182 | 796,432 | 622,138 | 625,921 | 579,105 | 579,106 | 826,866 | 827,775 | 829,228 | 829,201 | 834,111 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,096 | 3,385 | 5,041 | 20,404 | 15,940 | 18,135 | 1,071 | 29,477 | 20,118 | 16,128 | 20,760 | 21,587 | 37,077 | 12,212 | 8,536 |
| Group Debtors | 10,820 | 10,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,306 | 1,579 | 10,415 | 9,110 | 7,110 | 4,110 | 5,023 | 540 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 96,235 | 99,882 | 113,877 | 76,960 | 97,475 | 50,162 | 84,091 | 0 | 21,507 | 17,513 | 2,746 | 7,399 | 0 | 5,156 | 5,682 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 114,457 | 115,666 | 129,333 | 106,474 | 120,525 | 72,407 | 90,185 | 30,017 | 41,625 | 33,641 | 23,506 | 28,986 | 37,077 | 17,368 | 14,218 |
| total assets | 1,186,123 | 1,169,738 | 1,189,587 | 904,807 | 913,707 | 868,839 | 712,323 | 655,938 | 620,730 | 612,747 | 850,372 | 856,761 | 866,305 | 846,569 | 848,329 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,349 | 4,534 | 2,460 | 1,961 | 715 | 2,809 | 1,619 | 3,440 | 123,344 | 160,688 | 122,802 | 76,602 | 90,423 | 76,387 | 86,116 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 96,720 | 55,217 | 79,244 | 65,263 | 67,643 | 45,291 | 224,743 | 103,402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 101,069 | 59,751 | 102,704 | 67,224 | 68,358 | 48,100 | 226,362 | 111,551 | 123,344 | 160,688 | 122,802 | 76,602 | 90,423 | 76,387 | 86,116 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 145,860 | 211,968 | 200,532 | 191,204 | 188,187 | 165,308 | 0 | 48,209 | 48,209 | 48,209 | 48,209 | 48,209 | 0 | 0 | 0 |
| provisions | 177,960 | 133,408 | 119,070 | 69,305 | 61,135 | 61,659 | 34,273 | 40,814 | 1,443 | 1,329 | 1,476 | 6,394 | 6,570 | 6,280 | 7,154 |
| total long term liabilities | 323,820 | 345,376 | 319,602 | 260,509 | 249,322 | 226,967 | 34,273 | 89,023 | 49,652 | 49,538 | 49,685 | 54,603 | 6,570 | 6,280 | 7,154 |
| total liabilities | 424,889 | 405,127 | 422,306 | 327,733 | 317,680 | 275,067 | 260,635 | 200,574 | 172,996 | 210,226 | 172,487 | 131,205 | 96,993 | 82,667 | 93,270 |
| net assets | 761,234 | 764,611 | 767,281 | 577,074 | 596,027 | 593,772 | 451,688 | 455,364 | 447,734 | 402,521 | 677,885 | 725,556 | 769,312 | 763,902 | 755,059 |
| total shareholders funds | 761,234 | 764,611 | 767,281 | 577,074 | 596,027 | 593,772 | 451,688 | 455,364 | 447,734 | 402,521 | 677,885 | 725,556 | 769,312 | 763,902 | 755,059 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 8,058 | 7,474 | 8,529 | 3,887 | 3,250 | 3,881 | 3,783 | 4,062 | 1,650 | 1,311 | 909 | 1,453 | 1,550 | 1,826 | 1,965 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,438 | 328 | -14,058 | 6,464 | 805 | 16,151 | -23,923 | 9,899 | 3,990 | -4,632 | -827 | -15,490 | 24,865 | 3,676 | 8,536 |
| Creditors | -185 | 2,074 | 499 | 1,246 | -2,094 | 1,190 | -1,821 | -119,904 | -37,344 | 37,886 | 46,200 | -13,821 | 14,036 | -9,729 | 86,116 |
| Accruals and Deferred Income | 41,503 | -24,027 | 13,981 | -2,380 | 22,352 | -179,452 | 121,341 | 103,402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 44,552 | 14,338 | 49,765 | 8,170 | -524 | 27,386 | -6,541 | 39,371 | 114 | -147 | -4,918 | -176 | 290 | -874 | 7,154 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 244,000 | 0 | 0 | 178,175 | 0 | 571,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -21,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 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 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -66,108 | 11,436 | 9,328 | 3,017 | 22,879 | 165,308 | -48,209 | 0 | 0 | 0 | 0 | 48,209 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -3,647 | -13,995 | 36,917 | -20,515 | 47,313 | -33,929 | 84,091 | -21,507 | 3,994 | 14,767 | -4,653 | 7,399 | -5,156 | -526 | 5,682 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -4,709 | 4,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,647 | -13,995 | 36,917 | -20,515 | 47,313 | -33,929 | 88,800 | -26,216 | 3,994 | 14,767 | -4,653 | 7,399 | -5,156 | -526 | 5,682 |
option properties limited Credit Report and Business Information
Option Properties Limited Competitor Analysis
Perform a competitor analysis for option properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in WN1 area or any other competitors across 12 key performance metrics.
option properties limited Ownership
OPTION PROPERTIES LIMITED group structure
Option Properties Limited has no subsidiary companies.
Ultimate parent company
OPTION PROPERTIES LIMITED
02417151
option properties limited directors
Option Properties Limited currently has 2 directors. The longest serving directors include Mr Michael Bond (Dec 1991) and Mr Andrew Bond (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Bond | United Kingdom | 64 years | Dec 1991 | - | Director |
| Mr Andrew Bond | United Kingdom | 63 years | Dec 1991 | - | Director |
P&L
March 2023turnover
28.8k
+3%
operating profit
38.6k
0%
gross margin
74.8%
+0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
761.2k
0%
total assets
1.2m
+0.01%
cash
96.2k
-0.04%
net assets
Total assets minus all liabilities
option properties limited company details
company number
02417151
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 1989
age
35
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
douglas bank house wigan lane, wigan, lancashire, WN1 2TB
accountant
FAIRHURST
auditor
-
option properties 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 6 charges/mortgages relating to option properties limited. Currently there are 1 open charges and 5 have been satisfied in the past.
option properties limited Companies House Filings - See Documents
| date | description | view/download |
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