Officelife Developments Limited

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officelife developments limited Company Information

Company Number

03003986

Next Accounts

Oct 2025

Directors

David Corrie

Melanie Corrie

Shareholders

mr david morgan corrie

mrs melanie jane corrie

Group Structure

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Industry

Buying and selling of own real estate

Registered Address

newbiggin farm eller riggs brow, ulverston, cumbria, LA12 7PD

Website

officelife developments limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of OFFICELIFE DEVELOPMENTS LIMITED at £1.7m based on Net Assets of £1.1m and 1.6x industry multiple (adjusted for liquidity).

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Officelife Developments Limited is a live company located in cumbria, LA12 7PD with a Companies House number of 03003986. It operates in the development of building projects sector, SIC Code 41100. Founded in December 1994, it's largest shareholder is mr david morgan corrie with a 51% stake. Officelife Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £324.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Officelife Developments Limited a 4 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

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £324.5k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.6%)

EXPORT

Officelife Developments Limited's latest turnover from January 2024 is estimated at £324.5 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Officelife Developments Limited has 2 employees and maintains cash reserves of £18.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	324,457	89,264	268,603	267,771	299,403	334,061	301,765	287,210	471,388	519,823	596,604	569,671	530,577	463,906	465,348
Other Income Or Grants
Cost Of Sales	269,174	73,121	223,259	224,705	248,518	273,059	246,181	231,808	386,933	440,783	511,434	487,587	457,557	404,176	414,484
Gross Profit	55,282	16,143	45,344	43,066	50,884	61,002	55,584	55,402	84,455	79,040	85,171	82,084	73,020	59,730	50,864
Admin Expenses	-33,138	-17,707	8,196	3,261	-19,360	32,628	-43,772	17,706	37,197	30,551	28,513	157,795	146,560	-33,564	-188,052
Operating Profit	88,420	33,850	37,148	39,805	70,244	28,374	99,356	37,696	47,258	48,489	56,658	-75,711	-73,540	93,294	238,916
Interest Payable							1,517	4,083	6,709	9,193	11,661	14,464	14,107	18,964	12,872
Interest Receivable	708	257	17	4	2	149	100	2	8	17	19	8	15	14	1
Pre-Tax Profit	89,128	34,107	37,164	39,809	70,246	28,523	97,938	33,615	40,556	39,314	45,016	-90,167	-87,632	74,344	226,044
Tax	-22,282	-6,480	-7,061	-7,564	-13,347	-5,419	-18,608	-6,723	-8,111	-8,256	-10,354			-20,816	-63,292
Profit After Tax	66,846	27,627	30,103	32,245	56,899	23,104	79,330	26,892	32,445	31,058	34,662	-90,167	-87,632	53,528	162,752
Dividends Paid
Retained Profit	66,846	27,627	30,103	32,245	56,899	23,104	79,330	26,892	32,445	31,058	34,662	-90,167	-87,632	53,528	162,752
Employee Costs	82,581	80,925	78,116	75,159	78,159	114,491	36,435	36,057	38,299	71,357	70,398	66,807	67,958	67,581	70,143
Number Of Employees	2	2	2	2	2	3	1	1	1	2	2	2	2	2	2
EBITDA*	88,663	34,094	37,148	39,805	70,244	28,374	99,356	37,710	47,271	48,503	56,721	-75,333	-73,162	93,674	239,181

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	1,052,546	1,127,789	1,045,250	1,045,250	1,045,250	1,120,000	1,120,000	1,120,000	1,120,014	1,120,027	1,120,041	1,170,104	1,446,482	1,380,270	1,646,162
Intangible Assets
Investments & Other	315,414	313,914
Debtors (Due After 1 year)
Total Fixed Assets	1,367,960	1,441,703	1,045,250	1,045,250	1,045,250	1,120,000	1,120,000	1,120,000	1,120,014	1,120,027	1,120,041	1,170,104	1,446,482	1,380,270	1,646,162
Stock & work in progress
Trade Debtors	128,138	16,244	125,520	135,508	140,499	159,672	161,999	161,003	160,378	160,149	159,002	159,854	162,787	143,030	147,975
Group Debtors
Misc Debtors			3,213											38,412	20,616
Cash	18,738	8,224	6,464	6,830	203	199	39,575	341	1,194	2,007	4,869	2,579	435	5,575	213
misc current assets
total current assets	146,876	24,468	135,197	142,338	140,702	159,871	201,574	161,344	161,572	162,156	163,871	162,433	163,222	187,017	168,804
total assets	1,514,836	1,466,171	1,180,447	1,187,588	1,185,952	1,279,871	1,321,574	1,281,344	1,281,586	1,282,183	1,283,912	1,332,537	1,609,704	1,567,287	1,814,966
Bank overdraft
Bank loan
Trade Creditors	130,490	57,555	107,266	96,784	103,234	103,711	113,083	90,607	77,371	70,944	164,964	171,754	104,379	121,624	129,022
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	130,490	57,555	107,266	96,784	103,234	103,711	113,083	90,607	77,371	70,944	164,964	171,754	104,379	121,624	129,022
loans								46,688	83,965	122,477	160,370	198,424	246,616	187,453	396,053
hp & lease commitments
Accruals and Deferred Income
other liabilities	330,587	353,805	45,997	93,723	117,882	207,473	262,908	277,796	280,889	281,846	182,720	182,720	198,465	293,496	285,837
provisions
total long term liabilities	330,587	353,805	45,997	93,723	117,882	207,473	262,908	324,484	364,854	404,323	343,090	381,144	445,081	480,949	681,890
total liabilities	461,077	411,360	153,263	190,507	221,116	311,184	375,991	415,091	442,225	475,267	508,054	552,898	549,460	602,573	810,912
net assets	1,053,759	1,054,811	1,027,184	997,081	964,836	968,687	945,583	866,253	839,361	806,916	775,858	779,639	1,060,244	964,714	1,004,054
total shareholders funds	1,053,759	1,054,811	1,027,184	997,081	964,836	968,687	945,583	866,253	839,361	806,916	775,858	779,639	1,060,244	964,714	1,004,054

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	88,420	33,850	37,148	39,805	70,244	28,374	99,356	37,696	47,258	48,489	56,658	-75,711	-73,540	93,294	238,916
Depreciation	243	244						14	13	14	63	378	378	380	265
Amortisation
Tax	-22,282	-6,480	-7,061	-7,564	-13,347	-5,419	-18,608	-6,723	-8,111	-8,256	-10,354			-20,816	-63,292
Stock
Debtors	111,894	-112,489	-6,775	-4,991	-19,173	-2,327	996	625	229	1,147	-852	-2,933	-18,655	12,851	168,591
Creditors	72,935	-49,711	10,482	-6,450	-477	-9,372	22,476	13,236	6,427	-94,020	-6,790	67,375	-17,245	-7,398	129,022
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	27,422	90,392	47,344	30,782	75,593	15,910	102,228	43,598	45,358	-54,920	40,429	-5,025	-71,752	52,609	136,320
Investing Activities
capital expenditure	75,000	-82,783			74,750						50,000	276,000	-66,590	265,512	-1,646,427
Change in Investments	1,500	313,914
cash flow from investments	73,500	-396,697			74,750						50,000	276,000	-66,590	265,512	-1,646,427
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans							-46,688	-37,277	-38,512	-37,893	-38,054	-48,192	59,163	-208,600	396,053
Hire Purchase and Lease Commitments
other long term liabilities	-23,218	307,808	-47,726	-24,159	-89,591	-55,435	-14,888	-3,093	-957	99,126		-15,745	-95,031	7,659	285,837
share issue	-67,898				-60,750						-38,443	-190,438	183,162	-92,868	841,302
interest	708	257	17	4	2	149	-1,417	-4,081	-6,701	-9,176	-11,642	-14,456	-14,092	-18,950	-12,871
cash flow from financing	-90,408	308,065	-47,709	-24,155	-150,339	-55,286	-62,993	-44,451	-46,170	52,057	-88,139	-268,831	133,202	-312,759	1,510,321
cash and cash equivalents
cash	10,514	1,760	-366	6,627	4	-39,376	39,234	-853	-813	-2,862	2,290	2,144	-5,140	5,362	213
overdraft
change in cash	10,514	1,760	-366	6,627	4	-39,376	39,234	-853	-813	-2,862	2,290	2,144	-5,140	5,362	213

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OFFICELIFE DEVELOPMENTS LIMITED group structure

Officelife Developments Limited has no subsidiary companies.

Ultimate parent company

OFFICELIFE DEVELOPMENTS LIMITED

03003986

OFFICELIFE DEVELOPMENTS LIMITED Shareholders

mr david morgan corrie	51%
mrs melanie jane corrie	49%

Officelife Developments Limited currently has 2 directors. The longest serving directors include Mr David Corrie (Jan 1995) and Mrs Melanie Corrie (Jan 1997).

officer	country	age	start	end	role
Mr David Corrie		65 years	Jan 1995	-	Director
Mrs Melanie Corrie		53 years	Jan 1997	-	Director

P&L

January 2024

turnover

324.5k

+263%

operating profit

88.4k

gross margin

17.1%

-5.78%

turnover

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

Balance Sheet

January 2024

net assets

1.1m

total assets

1.5m

+0.03%

cash

18.7k

+1.28%

net assets

Total assets minus all liabilities

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company number

03003986

Type

Private limited with Share Capital

industry

41100 - Development of building projects

68100 - Buying and selling of own real estate

68320 - Management of real estate on a fee or contract basis

incorporation date

December 1994

ultimate parent company

None

previous names

officelife limited (March 2000)

address

newbiggin farm eller riggs brow, ulverston, cumbria, LA12 7PD

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 41 charges/mortgages relating to officelife developments limited. Currently there are 21 open charges and 20 have been satisfied in the past.

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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officelife developments limited Company Information

officelife developments limited Estimated Valuation

officelife developments limited Estimated Valuation

officelife developments limited Estimated Valuation

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