equity development limited
equity development limited Company Information
Company Number
02599020
Website
www.equitydevelopment.co.ukRegistered Address
green island park road, ardleigh, colchester, CO7 7SP
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02070652690
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
equity holdings ltd 100%
equity development limited Estimated Valuation
Pomanda estimates the enterprise value of EQUITY DEVELOPMENT LIMITED at £1.7m based on a Turnover of £1.1m and 1.57x industry multiple (adjusted for size and gross margin).
equity development limited Estimated Valuation
Pomanda estimates the enterprise value of EQUITY DEVELOPMENT LIMITED at £617k based on an EBITDA of £98k and a 6.3x industry multiple (adjusted for size and gross margin).
equity development limited Estimated Valuation
Pomanda estimates the enterprise value of EQUITY DEVELOPMENT LIMITED at £0 based on Net Assets of £-1m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Equity Development Limited Overview
Equity Development Limited is a live company located in colchester, CO7 7SP with a Companies House number of 02599020. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 1991, it's largest shareholder is equity holdings ltd with a 100% stake. Equity Development Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.
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Equity Development Limited Health Check
Pomanda's financial health check has awarded Equity Development Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£4.2m)
£1.1m - Equity Development Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 278%, show it is growing at a faster rate (4.1%)
278% - Equity Development Limited
4.1% - Industry AVG
Production
with a gross margin of 70.7%, this company has a comparable cost of product (59.9%)
70.7% - Equity Development Limited
59.9% - Industry AVG
Profitability
an operating margin of 8.7% make it as profitable than the average company (10.2%)
8.7% - Equity Development Limited
10.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Equity Development Limited
13 - Industry AVG
Pay Structure
on an average salary of £74k, the company has an equivalent pay structure (£74k)
- Equity Development Limited
£74k - Industry AVG
Efficiency
resulting in sales per employee of £369.9k, this is more efficient (£207k)
£369.9k - Equity Development Limited
£207k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (31 days)
26 days - Equity Development Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (37 days)
31 days - Equity Development Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Equity Development Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (38 weeks)
13 weeks - Equity Development Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 180.6%, this is a higher level of debt than the average (57.4%)
180.6% - Equity Development Limited
57.4% - Industry AVG
EQUITY DEVELOPMENT LIMITED financials
Equity Development Limited's latest turnover from June 2023 is £1.1 million and the company has net assets of -£1 million. According to their latest financial statements, Equity Development Limited has 3 employees and maintains cash reserves of £592.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,109,828 | 562,095 | 557,872 | 20,470 | 406 | 503 | 125 | 298 | 711,343 | 521,454 | 393,344 | 591,875 | 604,546 | 526,364 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 324,910 | 309,779 | 251,026 | 257,244 | 269,927 | 188,540 | 157,197 | 151,737 | 177,393 | 95,953 | 51,815 | 108,344 | 111,389 | 118,143 |
| Gross Profit | 784,918 | 252,316 | 306,846 | -236,774 | -269,521 | -188,037 | -157,072 | -151,439 | 533,950 | 425,501 | 341,529 | 483,531 | 493,157 | 408,221 |
| Admin Expenses | 688,859 | 130,153 | 148,826 | 238,575 | 227,138 | 176,351 | 143,217 | 135,073 | 361,570 | 324,206 | 309,880 | 404,236 | 562,280 | 242,025 |
| Operating Profit | 96,059 | 122,163 | 158,020 | -475,349 | -496,659 | -364,388 | -300,289 | -286,512 | 172,380 | 101,295 | 31,649 | 79,295 | -69,123 | 166,196 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 117 | 1,033 | 0 | 0 |
| Interest Receivable | 88 | 26 | 1,246 | 12 | 11 | 246 | 54 | 169 | 161 | 22 | 9 | 14 | 475 | 43 |
| Pre-Tax Profit | 96,231 | 120,688 | 159,280 | -475,337 | -496,648 | -364,142 | -300,235 | -286,512 | 172,541 | 101,251 | 31,541 | 78,276 | -60,860 | 166,239 |
| Tax | -18,471 | -22,846 | -38,553 | 0 | 0 | 22,619 | -22,529 | 0 | -1,242 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 77,760 | 97,842 | 120,727 | -475,337 | -496,648 | -341,523 | -322,764 | -286,512 | 171,299 | 101,251 | 31,541 | 78,276 | -60,860 | 166,239 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 77,760 | 97,842 | 120,727 | -475,337 | -496,648 | -341,523 | -322,764 | -286,512 | 171,299 | 101,251 | 31,541 | 78,276 | -60,860 | 166,239 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | 3 | 2 | 2 | 2 | 4 | |||||||||
| EBITDA* | 97,956 | 124,201 | 159,763 | -474,759 | -496,029 | -364,089 | -299,798 | -286,043 | 172,742 | 101,732 | 34,208 | 82,927 | -63,137 | 172,673 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,799 | 3,263 | 3,374 | 3,702 | 1,423 | 223 | 522 | 1,013 | 384 | 746 | 742 | 2,793 | 6,425 | 11,790 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 182,182 | 200,653 | 223,499 | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,020,938 | 20,938 | 20,938 | 20,938 |
| Total Fixed Assets | 183,981 | 203,916 | 226,873 | 3,702 | 1,423 | 223 | 522 | 1,001,013 | 1,000,384 | 1,000,746 | 1,021,680 | 23,731 | 27,363 | 32,728 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 81,918 | 93,169 | 0 | 23,760 | 0 | 0 | 0 | 101,761 | 115,895 | 76,311 | 68,502 | 75,092 | 55,592 | 69,269 |
| Group Debtors | 359,623 | 359,623 | 159,623 | 159,623 | 0 | 0 | 1,000,000 | 64,059 | 321,293 | 319,363 | 259,809 | 191,867 | 132,402 | 209,788 |
| Misc Debtors | 53,967 | 57,215 | 48,655 | 33,105 | 76,540 | 41,284 | 35,856 | 29,211 | 35,024 | 44,206 | 29,550 | 33,004 | 31,965 | 29,192 |
| Cash | 592,395 | 446,833 | 29,070 | 18,960 | 47,039 | 11,364 | 102,838 | 192,213 | 180,470 | 49,147 | 6,478 | 28,152 | 59,077 | 52,760 |
| misc current assets | 6,000 | 8,611 | 10,113 | 26,496 | 3,290 | 34,420 | 19,780 | 19,750 | 12,613 | 9,719 | 2,328 | 20,311 | 30,440 | 8,197 |
| total current assets | 1,093,903 | 965,451 | 247,461 | 261,944 | 126,869 | 87,068 | 1,158,474 | 406,994 | 665,295 | 498,746 | 366,667 | 348,426 | 309,476 | 369,206 |
| total assets | 1,277,884 | 1,169,367 | 474,334 | 265,646 | 128,292 | 87,291 | 1,158,996 | 1,408,007 | 1,665,679 | 1,499,492 | 1,388,347 | 372,157 | 336,839 | 401,934 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 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 | 28,076 | 24,843 | 30,845 | 16,286 | 23,398 | 50,923 | 4,516 | 49,776 | 14,288 | 18,615 | 23,667 | 20,111 | 53,346 | 66,462 |
| Group/Directors Accounts | 1,961,295 | 2,129,603 | 1,640,791 | 1,567,288 | 943,500 | 383,709 | 106,943 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,882 | 4,648 | 3,897 |
| other current liabilities | 317,996 | 122,164 | 7,783 | 7,884 | 11,869 | 6,486 | 59,841 | 47,771 | 54,419 | 55,204 | 40,258 | 57,283 | 63,043 | 49,269 |
| total current liabilities | 2,307,367 | 2,276,610 | 1,679,419 | 1,591,458 | 978,767 | 441,118 | 1,171,300 | 97,547 | 68,707 | 73,819 | 63,925 | 79,276 | 121,037 | 119,628 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,197 | 5,845 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 996 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 1,197 | 6,841 |
| total liabilities | 2,307,367 | 2,276,610 | 1,679,419 | 1,591,458 | 978,767 | 441,118 | 1,171,300 | 1,097,547 | 1,068,707 | 1,073,819 | 1,063,925 | 79,276 | 122,234 | 126,469 |
| net assets | -1,029,483 | -1,107,243 | -1,205,085 | -1,325,812 | -850,475 | -353,827 | -12,304 | 310,460 | 596,972 | 425,673 | 324,422 | 292,881 | 214,605 | 275,465 |
| total shareholders funds | -1,029,483 | -1,107,243 | -1,205,085 | -1,325,812 | -850,475 | -353,827 | -12,304 | 310,460 | 596,972 | 425,673 | 324,422 | 292,881 | 214,605 | 275,465 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 96,059 | 122,163 | 158,020 | -475,349 | -496,659 | -364,388 | -300,289 | -286,512 | 172,380 | 101,295 | 31,649 | 79,295 | -69,123 | 166,196 |
| Depreciation | 1,897 | 2,038 | 1,743 | 590 | 630 | 299 | 491 | 469 | 362 | 437 | 2,559 | 3,632 | 5,986 | 6,477 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -18,471 | -22,846 | -38,553 | 0 | 0 | 22,619 | -22,529 | 0 | -1,242 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -32,970 | 278,883 | 215,289 | 139,948 | 35,256 | -994,572 | -159,175 | -277,181 | 32,332 | 61,081 | 1,057,898 | 80,004 | -88,290 | 329,187 |
| Creditors | 3,233 | -6,002 | 14,559 | -7,112 | -27,525 | 46,407 | -45,260 | 35,488 | -4,327 | -5,052 | 3,556 | -33,235 | -13,116 | 66,462 |
| Accruals and Deferred Income | 195,832 | 114,381 | -101 | -3,985 | 5,383 | -53,355 | 12,070 | -6,648 | -785 | 14,946 | -17,025 | -5,760 | 12,778 | 50,265 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 311,520 | -69,149 | -79,621 | -625,804 | -553,427 | 646,154 | -196,342 | 19,978 | 134,056 | 50,545 | -1,037,159 | -36,072 | 24,815 | -39,787 |
| Investing Activities | ||||||||||||||
| capital expenditure | -3,909 | -486 | -4,914 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -3,909 | -486 | -4,914 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -168,308 | 488,812 | 73,503 | 623,788 | 559,791 | 276,766 | 106,943 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,882 | -3,963 | -3,897 | 9,742 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 88 | 26 | 1,246 | 12 | 11 | 246 | 54 | 169 | 161 | -44 | -108 | -1,019 | 475 | 43 |
| cash flow from financing | -168,220 | 488,838 | 74,749 | 623,800 | 559,802 | -722,988 | 106,997 | 169 | 161 | -44 | 998,010 | -4,982 | -3,422 | 119,011 |
| cash and cash equivalents | ||||||||||||||
| cash | 145,562 | 417,763 | 10,110 | -28,079 | 35,675 | -91,474 | -89,375 | 11,743 | 131,323 | 42,669 | -21,674 | -30,925 | 6,317 | 52,760 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 145,562 | 417,763 | 10,110 | -28,079 | 35,675 | -91,474 | -89,375 | 11,743 | 131,323 | 42,669 | -21,674 | -30,925 | 6,317 | 52,760 |
equity development limited Credit Report and Business Information
Equity Development Limited Competitor Analysis
Perform a competitor analysis for equity development limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CO7 area or any other competitors across 12 key performance metrics.
equity development limited Ownership
EQUITY DEVELOPMENT LIMITED group structure
Equity Development Limited has no subsidiary companies.
Ultimate parent company
2 parents
EQUITY DEVELOPMENT LIMITED
02599020
equity development limited directors
Equity Development Limited currently has 4 directors. The longest serving directors include Mrs Hannah Anderson (Apr 2018) and Mr Andrew Edmond (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Hannah Anderson | England | 46 years | Apr 2018 | - | Director |
| Mr Andrew Edmond | England | 61 years | Sep 2019 | - | Director |
| Mr Hamish Anderson | England | 45 years | Apr 2024 | - | Director |
| Mrs Fiona Edmond | England | 58 years | Apr 2024 | - | Director |
P&L
June 2023turnover
1.1m
+97%
operating profit
96.1k
-21%
gross margin
70.8%
+57.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-1m
-0.07%
total assets
1.3m
+0.09%
cash
592.4k
+0.33%
net assets
Total assets minus all liabilities
equity development limited company details
company number
02599020
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
April 1991
age
33
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
warwick investor relations limited (July 1996)
accountant
-
auditor
MOORE GREEN
address
green island park road, ardleigh, colchester, CO7 7SP
Bank
ALLIED IRISH BANK
Legal Advisor
-
equity development 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 2 charges/mortgages relating to equity development limited. Currently there are 1 open charges and 1 have been satisfied in the past.
equity development limited Companies House Filings - See Documents
| date | description | view/download |
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