k m lettings limited
k m lettings limited Company Information
Company Number
03354467
Website
-Registered Address
optimum house, 39b birmingham road, blakedown, worcestershire, DY10 3JW
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
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
mkdl holdings limited 100%
k m lettings limited Estimated Valuation
Pomanda estimates the enterprise value of K M LETTINGS LIMITED at £2.1m based on a Turnover of £638.7k and 3.25x industry multiple (adjusted for size and gross margin).
k m lettings limited Estimated Valuation
Pomanda estimates the enterprise value of K M LETTINGS LIMITED at £226.1k based on an EBITDA of £30.5k and a 7.42x industry multiple (adjusted for size and gross margin).
k m lettings limited Estimated Valuation
Pomanda estimates the enterprise value of K M LETTINGS LIMITED at £221.5k based on Net Assets of £136.7k and 1.62x industry multiple (adjusted for liquidity).
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K M Lettings Limited Overview
K M Lettings Limited is a live company located in blakedown, DY10 3JW with a Companies House number of 03354467. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 1997, it's largest shareholder is mkdl holdings limited with a 100% stake. K M Lettings Limited is a mature, small sized company, Pomanda has estimated its turnover at £638.7k with high growth in recent years.
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K M Lettings Limited Health Check
Pomanda's financial health check has awarded K M Lettings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
2 Weak
Size
annual sales of £638.7k, make it smaller than the average company (£843.4k)
- K M Lettings Limited
£843.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.3%)
- K M Lettings Limited
4.3% - Industry AVG
Production
with a gross margin of 79.6%, this company has a comparable cost of product (79.6%)
- K M Lettings Limited
79.6% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (35.4%)
- K M Lettings Limited
35.4% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - K M Lettings Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.5k, the company has an equivalent pay structure (£32.5k)
- K M Lettings Limited
£32.5k - Industry AVG
Efficiency
resulting in sales per employee of £159.7k, this is equally as efficient (£175k)
- K M Lettings Limited
£175k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is near the average (29 days)
- K M Lettings Limited
29 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- K M Lettings Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- K M Lettings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (12 weeks)
22 weeks - K M Lettings Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.7%, this is a lower level of debt than the average (60.9%)
21.7% - K M Lettings Limited
60.9% - Industry AVG
K M LETTINGS LIMITED financials
K M Lettings Limited's latest turnover from March 2024 is estimated at £638.7 thousand and the company has net assets of £136.7 thousand. According to their latest financial statements, K M Lettings Limited has 4 employees and maintains cash reserves of £16.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | |||||||||||||||
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 48,263 | 43,123 | 30,533 | 28,545 | 30,357 | 19,942 | 9,661 | 12,755 | 12,115 | 26,470 | 7,420 | 3,480 | 0 | 0 | 0 |
| Group Debtors | 110,000 | 70,000 | 50,000 | 50,000 | 30,000 | 45,000 | 45,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 16,438 | 34,790 | 42,722 | 25,627 | 25,354 | 17,584 | 24,186 | 38,835 | 28,206 | 18,402 | 24,491 | 22,869 | 15,986 | 10,923 | 16,203 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 174,701 | 147,913 | 123,255 | 104,172 | 85,711 | 82,526 | 78,847 | 66,590 | 55,321 | 44,872 | 31,911 | 26,349 | 15,986 | 10,923 | 16,203 |
| total assets | 174,701 | 147,913 | 123,255 | 104,172 | 85,711 | 82,526 | 78,847 | 66,590 | 55,321 | 44,872 | 31,911 | 26,349 | 15,986 | 10,923 | 16,203 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,526 | 1,411 | 2,962 | 1,780 | 1,214 | 1,280 |
| 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 | 37,976 | 35,019 | 33,285 | 32,171 | 29,215 | 31,425 | 29,694 | 28,701 | 28,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 37,976 | 35,019 | 33,285 | 32,171 | 29,215 | 31,425 | 29,694 | 28,701 | 28,507 | 28,526 | 1,411 | 2,962 | 1,780 | 1,214 | 1,280 |
| 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 | 0 | 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 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 37,976 | 35,019 | 33,285 | 32,171 | 29,215 | 31,425 | 29,694 | 28,701 | 28,507 | 28,526 | 1,411 | 2,962 | 1,780 | 1,214 | 1,280 |
| net assets | 136,725 | 112,894 | 89,970 | 72,001 | 56,496 | 51,101 | 49,153 | 37,889 | 26,814 | 16,346 | 30,500 | 23,387 | 14,206 | 9,709 | 14,923 |
| total shareholders funds | 136,725 | 112,894 | 89,970 | 72,001 | 56,496 | 51,101 | 49,153 | 37,889 | 26,814 | 16,346 | 30,500 | 23,387 | 14,206 | 9,709 | 14,923 |
| Mar 2024 | 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 | |||||||||||||||
| 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 | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 45,140 | 32,590 | 1,988 | 18,188 | -4,585 | 10,281 | 26,906 | 640 | 645 | 19,050 | 3,940 | 3,480 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,526 | 27,115 | -1,551 | 1,182 | 566 | -66 | 1,280 |
| Accruals and Deferred Income | 2,957 | 1,734 | 1,114 | 2,956 | -2,210 | 1,731 | 993 | 194 | 28,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -18,352 | -7,932 | 17,095 | 273 | 7,770 | -6,602 | -14,649 | 10,629 | 9,804 | -6,089 | 1,622 | 6,883 | 5,063 | -5,280 | 16,203 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -18,352 | -7,932 | 17,095 | 273 | 7,770 | -6,602 | -14,649 | 10,629 | 9,804 | -6,089 | 1,622 | 6,883 | 5,063 | -5,280 | 16,203 |
k m lettings limited Credit Report and Business Information
K M Lettings Limited Competitor Analysis
Perform a competitor analysis for k m lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in DY10 area or any other competitors across 12 key performance metrics.
k m lettings limited Ownership
K M LETTINGS LIMITED group structure
K M Lettings Limited has no subsidiary companies.
k m lettings limited directors
K M Lettings Limited currently has 4 directors. The longest serving directors include Mr Mark Albutt (Apr 1997) and Mrs Katie Albutt (Jan 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Albutt | England | 61 years | Apr 1997 | - | Director |
| Mrs Katie Albutt | England | 58 years | Jan 1998 | - | Director |
| Mr Dale Albutt | England | 37 years | Jul 2012 | - | Director |
| Mrs Lucy Frost | England | 36 years | Jul 2012 | - | Director |
P&L
March 2024turnover
638.7k
+13%
operating profit
30.5k
0%
gross margin
79.7%
+6.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
136.7k
+0.21%
total assets
174.7k
+0.18%
cash
16.4k
-0.53%
net assets
Total assets minus all liabilities
k m lettings limited company details
company number
03354467
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
April 1997
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
ORMEROD RUTTER LIMITED
auditor
-
address
optimum house, 39b birmingham road, blakedown, worcestershire, DY10 3JW
Bank
SANTANDER UK PLC
Legal Advisor
-
k m lettings 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 did not find charges/mortgages relating to k m lettings limited.
k m lettings limited Companies House Filings - See Documents
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