Upperstates Limited

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upperstates limited Company Information

Live

MatureSmallHealthy

Company Number

02576377

Website

Registered Address

115 craven park road, london, N15 6BL

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Asher Jungreis33 Years

Shareholders

asher jungreis 100%

upperstates limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of UPPERSTATES LIMITED at £6.7m based on Net Assets of £4.6m and 1.46x industry multiple (adjusted for liquidity).

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Upperstates Limited is a live company located in london, N15 6BL with a Companies House number of 02576377. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 1991, it's largest shareholder is asher jungreis with a 100% stake. Upperstates Limited is a mature, small sized company, Pomanda has estimated its turnover at £522.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Upperstates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £522.4k, make it smaller than the average company (£906.4k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.1%)

EXPORT

Upperstates Limited's latest turnover from March 2023 is estimated at £522.4 thousand and the company has net assets of £4.6 million. According to their latest financial statements, Upperstates Limited has 6 employees and maintains cash reserves of £77.7 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	Mar 2012	Mar 2011	Mar 2010
Turnover	522,432	357,127	337,841	410,229	384,959	381,311	352,940	447,901	1,286,036	1,083,362	909,388	918,829	882,344	796,294
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	174,578	121,874	109,464	129,093	117,846	122,090	114,113	142,415	479,464	443,294	343,539	328,691	310,254	295,724
Gross Profit	347,855	235,254	228,377	281,135	267,112	259,221	238,826	305,486	806,572	640,068	565,849	590,138	572,090	500,570
Admin Expenses	239,781	117,916	106,658	191,174	243,684	155,916	-817,879	-4,440,398	720,107	650,366	551,881	531,408	560,341	563,174
Operating Profit	108,074	117,338	121,719	89,961	23,428	103,305	1,056,705	4,745,884	86,465	-10,298	13,968	58,730	11,749	-62,604
Interest Payable	112,308	74,142	66,278	65,523	72,297	56,481	41,747	43,283	43,283	21,641	17,814	35,629	35,629	17,814
Interest Receivable	4,157	812	54	5	27	96	81	200	247	145	32	22	10	3
Pre-Tax Profit	-78	44,007	55,495	24,443	-48,843	46,920	1,015,039	4,702,801	43,429	-31,795	-3,815	23,123	-23,870	-80,416
Tax	0	-8,361	-10,544	-4,644	0	-8,915	-203,008	-940,560	-9,120	0	0	-6,012	0	0
Profit After Tax	-78	35,646	44,951	19,799	-48,843	38,005	812,031	3,762,241	34,309	-31,795	-3,815	17,111	-23,870	-80,416
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-78	35,646	44,951	19,799	-48,843	38,005	812,031	3,762,241	34,309	-31,795	-3,815	17,111	-23,870	-80,416
Employee Costs	220,617	146,325	143,722	155,276	154,676	140,431	139,170	150,600	210,263	178,252	163,623	163,840	168,360	164,848
Number Of Employees	6	4	4	4	4	4	4	4	6	5	5	5	5	5
EBITDA*	108,128	117,553	122,005	90,247	23,809	103,814	1,057,383	4,746,789	87,671	-8,690	15,244	60,432	13,207	-60,659

* 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	304	358	573	859	1,145	5,901,526	5,802,035	4,902,713	3,618	4,824	3,830	5,106	6,808	5,834
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,030,000	6,030,000	6,030,000	6,030,000	6,030,000	0	0	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
Total Fixed Assets	6,030,304	6,030,358	6,030,573	6,030,859	6,031,145	5,901,526	5,802,035	4,902,713	3,618	4,824	3,830	5,106	6,808	5,834
Stock & work in progress	0	0	0	0	0	0	0	0	400,622	400,622	400,622	400,622	400,622	400,622
Trade Debtors	11,916	9,287	8,841	9,296	9,036	9,058	5,606	13,323	171,837	138,760	116,638	117,252	107,165	109,689
Group Debtors	0	0	425,342	420,114	0	508,061	170,713	187,956	0	0	0	0	0	0
Misc Debtors	494,537	458,851	6,610	19,041	430,931	13,560	13,918	13,301	0	0	0	0	0	0
Cash	77,718	117,893	98,586	9,571	1,321	5,758	32,569	32,285	47,667	51,038	6,816	5,817	3,067	1,017
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	584,171	586,031	539,379	458,022	441,288	536,437	222,806	246,865	620,126	590,420	524,076	523,691	510,854	511,328
total assets	6,614,475	6,616,389	6,569,952	6,488,881	6,472,433	6,437,963	6,024,841	5,149,578	623,744	595,244	527,906	528,797	517,662	517,162
Bank overdraft	0	0	0	0	263	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	46,229	52,038	70,661	67,737	73,713	49,343
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	44,247	41,904	29,873	18,753	21,841	19,599	19,545	63,968	0	0	0	0	0	0
total current liabilities	44,247	41,904	29,873	18,753	22,104	19,599	19,545	63,968	46,229	52,038	70,661	67,737	73,713	49,343
loans	1,093,602	1,097,781	1,099,021	1,074,021	1,074,021	1,067,853	670,021	665,891	665,891	665,891	0	548,135	548,135	548,135
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	548,135	0	0	0
provisions	901,250	901,250	901,250	901,250	901,250	826,610	849,379	745,854	0	0	0	0	0	0
total long term liabilities	1,994,852	1,999,031	2,000,271	1,975,271	1,975,271	1,894,463	1,519,400	1,411,745	665,891	665,891	548,135	548,135	548,135	548,135
total liabilities	2,039,099	2,040,935	2,030,144	1,994,024	1,997,375	1,914,062	1,538,945	1,475,713	712,120	717,929	618,796	615,872	621,848	597,478
net assets	4,575,376	4,575,454	4,539,808	4,494,857	4,475,058	4,523,901	4,485,896	3,673,865	-88,376	-122,685	-90,890	-87,075	-104,186	-80,316
total shareholders funds	4,575,376	4,575,454	4,539,808	4,494,857	4,475,058	4,523,901	4,485,896	3,673,865	-88,376	-122,685	-90,890	-87,075	-104,186	-80,316

	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	108,074	117,338	121,719	89,961	23,428	103,305	1,056,705	4,745,884	86,465	-10,298	13,968	58,730	11,749	-62,604
Depreciation	54	215	286	286	381	509	678	905	1,206	1,608	1,276	1,702	1,458	1,945
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-8,361	-10,544	-4,644	0	-8,915	-203,008	-940,560	-9,120	0	0	-6,012	0	0
Stock	0	0	0	0	0	0	0	-400,622	0	0	0	0	0	400,622
Debtors	38,315	27,345	-7,658	8,484	-90,712	340,442	-24,343	42,743	33,077	22,122	-614	10,087	-2,524	109,689
Creditors	0	0	0	0	0	0	0	-46,229	-5,809	-18,623	2,924	-5,976	24,370	49,343
Accruals and Deferred Income	2,343	12,031	11,120	-3,088	2,242	54	-44,423	63,968	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	74,640	-22,769	103,525	745,854	0	0	0	0	0	0
Cash flow from operations	72,156	93,878	130,239	74,031	191,403	-268,258	937,820	4,927,701	39,665	-49,435	18,782	38,357	40,101	-521,627
Investing Activities
capital expenditure	0	0	0	0	5,900,000	-100,000	-900,000	-4,900,000	0	-2,602	0	0	-2,432	-7,779
Change in Investments	0	0	0	0	6,030,000	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-130,000	-100,000	-900,000	-4,900,000	0	-2,602	0	0	-2,432	-7,779
Financing Activities
Bank loans	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-4,179	-1,240	25,000	0	6,168	397,832	4,130	0	0	665,891	-548,135	0	0	548,135
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-548,135	548,135	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-108,151	-73,330	-66,224	-65,518	-72,270	-56,385	-41,666	-43,083	-43,036	-21,496	-17,782	-35,607	-35,619	-17,811
cash flow from financing	-112,330	-74,570	-41,224	-65,518	-66,102	341,447	-37,536	-43,083	-43,036	96,260	-17,782	-35,607	-35,619	530,424
cash and cash equivalents
cash	-40,175	19,307	89,015	8,250	-4,437	-26,811	284	-15,382	-3,371	44,222	999	2,750	2,050	1,017
overdraft	0	0	0	-263	263	0	0	0	0	0	0	0	0	0
change in cash	-40,175	19,307	89,015	8,513	-4,700	-26,811	284	-15,382	-3,371	44,222	999	2,750	2,050	1,017

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for upperstates limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N15 area or any other competitors across 12 key performance metrics.

UPPERSTATES LIMITED group structure

Upperstates Limited has no subsidiary companies.

Ultimate parent company

UPPERSTATES LIMITED

02576377

UPPERSTATES LIMITED Shareholders

asher jungreis

100%

Upperstates Limited currently has 1 director, Mr Asher Jungreis serving since Jan 1991.

officer	country	age	start	end	role
Mr Asher Jungreis	England	66 years	Jan 1991	-	Director

P&L

March 2023

turnover

522.4k

+46%

operating profit

108.1k

gross margin

66.6%

+1.08%

turnover

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

Balance Sheet

March 2023

net assets

4.6m

total assets

6.6m

cash

77.7k

-0.34%

net assets

Total assets minus all liabilities

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company number

02576377

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

January 1991

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

115 craven park road, london, N15 6BL

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 22 charges/mortgages relating to upperstates limited. Currently there are 14 open charges and 8 have been satisfied in the past.

upperstates limited Company Information

upperstates limited Estimated Valuation

upperstates limited Estimated Valuation

upperstates limited Estimated Valuation

Upperstates Limited Overview

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UPPERSTATES LIMITED financials

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