I.m. Properties (whb) Limited

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i.m. properties (whb) limited Company Information

Live

MatureMicroDeclining

Company Number

03315199

Website

www.improperties.co.uk

Registered Address

the gate international drive, solihull, B90 4WA

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

01217308050

Next Accounts Due

September 2025

Group Structure

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Directors

Timothy Wooldridge17 Years

Gary Hutton15 Years

View All

Shareholders

i m properties investment limited 100%

i.m. properties (whb) limited Estimated Valuation

£29.4m

Pomanda estimates the enterprise value of I.M. PROPERTIES (WHB) LIMITED at £29.4m based on Net Assets of £18.6m and 1.58x industry multiple (adjusted for liquidity).

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I.m. Properties (whb) Limited is a live company located in solihull, B90 4WA with a Companies House number of 03315199. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 1997, it's largest shareholder is i m properties investment limited with a 100% stake. I.m. Properties (whb) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £323.9k with declining growth in recent years.

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Pomanda's financial health check has awarded I.M. Properties (Whb) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

3 Weak

Size

annual sales of £323.9k, make it smaller than the average company (£997.4k)

Growth

3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (3.4%)

EXPORT

I.M. Properties (Whb) Limited's latest turnover from December 2023 is £323.9 thousand and the company has net assets of £18.6 million. According to their latest financial statements, we estimate that I.M. Properties (Whb) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	323,885	1,204,473	1,777,509	1,895,377	2,516,055	2,512,599	1,522,061	2,077,170	3,525,191	3,279,608	3,096,888	2,223,247	2,412,741	2,387,653	2,909,008
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	41,199	579,605	32,253	2,970	15,452	30,084	136,316	190,472	1,316,578	226,158	768,015	2,114	1,244,968	774,974	178,283
Gross Profit	282,686	624,868	1,745,256	1,892,407	2,500,603	2,482,515	1,385,745	1,886,698	2,208,613	3,053,450	2,328,873	2,221,133	1,167,773	1,612,679	2,730,725
Admin Expenses	-13,978	1,358,401	-2,115,834	-1,396,614	3,537,541	-1,105,809	533,517	-56,694	-7,803,159	-3,084,877	422,330	-27,237	235,962	149,708	99,710
Operating Profit	296,664	-733,533	3,861,090	3,289,021	-1,036,938	3,588,324	852,228	1,943,392	10,011,772	6,138,327	1,906,543	2,248,370	931,811	1,462,971	2,631,015
Interest Payable	676,173	468,405	276,339	342,083	410,375	567,931	522,399	729,865	719,943	894,752	1,057,650	451,281	514,423	462,277	800,262
Interest Receivable	4,438,323	1,769,949	989,003	866,269	817,799	1,056,929	1,342,597	1,109,576	728,651	865,574	1,216,531	1,471,459	1,578,085	866,212	1,088,188
Pre-Tax Profit	4,058,814	568,011	4,573,754	3,813,207	-629,514	4,077,322	1,672,426	2,323,103	10,020,480	6,746,259	2,065,424	3,282,307	1,995,473	1,866,906	2,918,941
Tax	-934,468	4,384,354	-3,048,492	-652,880	55,851	-757,712	-426,311	-712,538	-1,939,759	-842,026	-503,304	-893,593	-526,106	-596,891	-1,585,699
Profit After Tax	3,124,346	4,952,365	1,525,262	3,160,327	-573,663	3,319,610	1,246,115	1,610,565	8,080,721	5,904,233	1,562,120	2,388,714	1,469,367	1,270,015	1,333,242
Dividends Paid	0	0	0	0	0	5,000,000	0	14,000,000	0	12,000,000	0	10,000,000	0	0	0
Retained Profit	3,124,346	4,952,365	1,525,262	3,160,327	-573,663	-1,680,390	1,246,115	-12,389,435	8,080,721	-6,095,767	1,562,120	-7,611,286	1,469,367	1,270,015	1,333,242
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	1	3	4	5	7	4	4	7	9	4	4	3	4	5	0
EBITDA*	296,664	-733,533	3,861,090	3,289,021	-1,036,938	3,588,324	852,228	1,943,392	10,011,772	6,138,327	1,906,543	2,248,370	931,811	1,462,971	2,631,015

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	5,609,523	36,801,710	34,699,388	41,063,425	44,516,390	21,346,218	33,020,341	64,159,053	55,174,460	52,167,753	35,759,552	34,959,552	36,175,000	37,500,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	5,609,523	36,801,710	34,699,388	41,063,425	44,516,390	21,346,218	33,020,341	64,159,053	55,174,460	52,167,753	35,759,552	34,959,552	36,175,000	37,500,000
Stock & work in progress	0	0	209,944	39,836	5,000	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	36,217	239,622	222,526	27,300	15,044	57,401	30,889	219,297	231,626	197,054	80,030	853	10,904	39,244
Group Debtors	62,534,652	68,375,858	34,753,449	32,252,100	25,509,944	19,889,199	42,683,667	38,228,611	25,847,242	25,222,863	34,725,857	38,870,978	51,612,005	54,181,012	62,015,930
Misc Debtors	8,361	135,185	297,130	878,247	1,499,541	1,072,886	755,042	587,542	604,406	774,762	1,289,848	1,195,942	1,017,380	1,116,395	98,626
Cash	0	0	0	0	0	890	5,069,106	5,600	0	0	0	4,046,250	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	62,543,013	68,547,260	35,500,145	33,392,709	27,041,785	20,978,019	48,565,216	38,852,642	26,670,945	26,229,251	36,212,759	44,193,200	52,630,238	55,308,311	62,153,800
total assets	62,543,013	74,156,783	72,301,855	68,092,097	68,105,210	65,494,409	69,911,434	71,872,983	90,829,998	81,403,711	88,380,512	79,952,752	87,589,790	91,483,311	99,653,800
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	14,671,815	0	0	0	0	17,724,720	2,841,622	472,984	472,984	472,984	353,948	353,948	25,743,750	0
Trade Creditors	0	5,392	18,589	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	3,197,019	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	8,515	69,424	316,680	387,757	364,178	376,733	160,463	526,505	1,047,061	813,032	1,391,126	904,647	989,607	1,658,719	1,097,652
total current liabilities	8,515	14,746,631	335,269	387,757	3,561,197	376,733	17,885,183	3,368,127	1,520,045	1,286,016	1,864,110	1,258,595	1,343,555	27,402,469	1,097,652
loans	43,955,000	43,955,000	58,626,815	58,726,815	58,726,815	58,726,815	43,955,000	61,679,720	68,384,640	68,857,624	69,330,608	65,619,279	65,150,592	43,955,000	77,170,000
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	0	0	0	0	0	0	0	0	0	0	0	225,051	678,883	0	0
provisions	0	0	2,836,984	0	0	0	0	0	1,710,742	126,221	228,433	197,505	154,877	117,878	64,284
total long term liabilities	43,955,000	43,955,000	61,463,799	58,726,815	58,726,815	58,726,815	43,955,000	61,679,720	70,095,382	68,983,845	69,559,041	66,041,835	65,984,352	44,072,878	77,234,284
total liabilities	43,963,515	58,701,631	61,799,068	59,114,572	62,288,012	59,103,548	61,840,183	65,047,847	71,615,427	70,269,861	71,423,151	67,300,430	67,327,907	71,475,347	78,331,936
net assets	18,579,498	15,455,152	10,502,787	8,977,525	5,817,198	6,390,861	8,071,251	6,825,136	19,214,571	11,133,850	16,957,361	12,652,322	20,261,883	20,007,964	21,321,864
total shareholders funds	18,579,498	15,455,152	10,502,787	8,977,525	5,817,198	6,390,861	8,071,251	6,825,136	19,214,571	11,133,850	16,957,361	12,652,322	20,261,883	20,007,964	21,321,864

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	296,664	-733,533	3,861,090	3,289,021	-1,036,938	3,588,324	852,228	1,943,392	10,011,772	6,138,327	1,906,543	2,248,370	931,811	1,462,971	2,631,015
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-934,468	4,384,354	-3,048,492	-652,880	55,851	-757,712	-426,311	-712,538	-1,939,759	-842,026	-503,304	-893,593	-526,106	-596,891	-1,585,699
Stock	0	-209,944	170,108	34,836	5,000	0	0	0	0	0	0	0	0	0	0
Debtors	-6,004,247	33,257,059	1,937,328	6,316,088	6,059,656	-22,518,981	4,649,068	12,176,097	441,694	-9,983,508	-3,934,191	-12,483,288	-2,678,073	-6,845,489	62,153,800
Creditors	-5,392	-13,197	18,589	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	-60,909	-247,256	-71,077	23,579	-12,555	216,270	-366,042	-520,556	234,029	-578,094	486,479	-84,960	-669,112	561,067	1,097,652
Deferred Taxes & Provisions	0	-2,836,984	2,836,984	0	0	0	0	-1,710,742	1,584,521	-102,212	30,928	42,628	36,999	53,594	64,284
Cash flow from operations	5,300,142	-32,493,731	1,489,658	-3,691,204	-7,058,298	25,565,863	-4,589,193	-13,176,541	9,448,869	14,599,503	5,854,837	13,795,733	2,451,665	8,326,230	-59,946,548
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	-5,609,523	-31,192,187	2,102,322	-6,364,037	-3,452,965	23,170,172	-11,674,123	-31,138,712	8,984,593	3,006,707	16,408,201	800,000	-1,215,448	-1,325,000	37,500,000
cash flow from investments	5,609,523	31,192,187	-2,102,322	6,364,037	3,452,965	-23,170,172	11,674,123	31,138,712	-8,984,593	-3,006,707	-16,408,201	-800,000	1,215,448	1,325,000	-37,500,000
Financing Activities
Bank loans	-14,671,815	14,671,815	0	0	0	-17,724,720	14,883,098	2,368,638	0	0	119,036	0	-25,389,802	25,743,750	0
Group/Directors Accounts	0	0	0	-3,197,019	3,197,019	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	-14,671,815	-100,000	0	0	14,771,815	-17,724,720	-6,704,920	-472,984	-472,984	3,711,329	468,687	21,195,592	-33,215,000	77,170,000
Hire Purchase and Lease Commitments	0	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	0	-225,051	-453,832	678,883	0	0
share issue	0	0	0	0	0	0	0	0	0	272,256	2,742,919	1,725	-1,215,448	-2,583,915	19,988,622
interest	3,762,150	1,301,544	712,664	524,186	407,424	488,998	820,198	379,711	8,708	-29,178	158,881	1,020,178	1,063,662	403,935	287,926
cash flow from financing	-10,909,665	1,301,544	612,664	-2,672,833	3,604,443	-2,463,907	-2,021,424	-3,956,571	-464,276	-229,906	6,507,114	1,036,758	-3,667,113	-9,651,230	97,446,548
cash and cash equivalents
cash	0	0	0	0	-890	-5,068,216	5,063,506	5,600	0	0	-4,046,250	4,046,250	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-890	-5,068,216	5,063,506	5,600	0	0	-4,046,250	4,046,250	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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I.M. PROPERTIES (WHB) LIMITED group structure

I.M. Properties (Whb) Limited has no subsidiary companies.

Ultimate parent company

IMG UK HOLDINGS LTD

#0159418

I.M. PROPERTIES INVESTMENT LIMITED

02937496

2 parents

I.M. PROPERTIES (WHB) LIMITED

03315199

I.M. PROPERTIES (WHB) LIMITED Shareholders

i m properties investment limited

100%

I.M. Properties (Whb) Limited currently has 3 directors. The longest serving directors include Mr Timothy Wooldridge (Dec 2006) and Mr Gary Hutton (Nov 2009).

officer	country	age	start	end	role
Mr Timothy Wooldridge	England	51 years	Dec 2006	-	Director
Mr Gary Hutton		65 years	Nov 2009	-	Director
Mr Adrian Clarke	England	50 years	Jan 2011	-	Director

P&L

December 2023

turnover

323.9k

-73%

operating profit

296.7k

-140%

gross margin

87.3%

+68.24%

turnover

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

Balance Sheet

December 2023

net assets

18.6m

+0.2%

total assets

62.5m

-0.16%

cash

net assets

Total assets minus all liabilities

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company number

03315199

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

February 1997

ultimate parent company

IMG UK HOLDINGS LTD

previous names

pinco 903 limited (March 1997)

address

the gate international drive, solihull, B90 4WA

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 i.m. properties (whb) limited. Currently there are 6 open charges and 17 have been satisfied in the past.

i.m. properties (whb) limited Company Information

i.m. properties (whb) limited Estimated Valuation

i.m. properties (whb) limited Estimated Valuation

i.m. properties (whb) limited Estimated Valuation

I.m. Properties (whb) Limited Overview

I.m. Properties (whb) Limited Health Check

I.M. PROPERTIES (WHB) LIMITED financials

i.m. properties (whb) limited Credit Report and Business Information

I.m. Properties (whb) Limited Competitor Analysis

i.m. properties (whb) limited Ownership

i.m. properties (whb) limited directors

i.m. properties (whb) limited company details

i.m. properties (whb) limited Charges & Mortgages

i.m. properties (whb) limited Companies House Filings - See Documents