Wright Residential Limited

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wright residential limited Company Information

Company Number

03648388

Next Accounts

Jul 2025

Directors

Paul Buamah

Shareholders

paul a. buamah

Group Structure

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Industry

Real estate agencies

Registered Address

176 chillingham road, newcastle upon tyne, tyne & wear, NE6 5BU

Website

www.wrightresidential.co.uk

wright residential limited Estimated Valuation

£932.3k

Pomanda estimates the enterprise value of WRIGHT RESIDENTIAL LIMITED at £932.3k based on a Turnover of £449.5k and 2.07x industry multiple (adjusted for size and gross margin).

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Wright Residential Limited is a live company located in tyne & wear, NE6 5BU with a Companies House number of 03648388. It operates in the real estate agencies sector, SIC Code 68310. Founded in October 1998, it's largest shareholder is paul a. buamah with a 100% stake. Wright Residential Limited is a mature, micro sized company, Pomanda has estimated its turnover at £449.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Wright Residential 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

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £449.5k, make it smaller than the average company (£588.5k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.5%)

EXPORT

Wright Residential Limited's latest turnover from October 2023 is estimated at £449.5 thousand and the company has net assets of £36.5 thousand. According to their latest financial statements, Wright Residential Limited has 6 employees and maintains cash reserves of £35.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	449,495	369,492	403,437	342,308	411,987	369,348	386,228	6,692	5,504	2,013,461	1,733,320	1,629,878	2,005,698	1,426,309	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	65,451	33,047	34,172	44,311	68,080	47,399	38,848	898	658	245,020	242,049	300,164	304,399	238,481	0
Gross Profit	384,044	336,444	369,265	297,997	343,907	321,949	347,380	5,794	4,846	1,768,441	1,491,271	1,329,714	1,701,298	1,187,829	0
Admin Expenses	338,334	373,313	377,881	264,392	346,465	321,074	347,465	-1,674	-363	1,754,847	1,485,244	1,343,596	1,711,154	1,182,929	-48,164
Operating Profit	45,710	-36,869	-8,616	33,605	-2,558	875	-85	7,468	5,209	13,594	6,027	-13,882	-9,856	4,900	48,164
Interest Payable	3,700	3,871	3,536	2,380	540	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,035	1,014	105	74	171	178	85	98	178	145	75	62	152	142	33
Pre-Tax Profit	43,045	-39,726	-12,047	31,299	-2,927	1,053	0	7,566	5,386	13,739	6,101	-13,820	-9,704	5,042	48,197
Tax	-10,761	0	0	-5,947	0	-200	0	-1,513	-1,077	-2,885	-1,403	0	0	-1,412	-13,495
Profit After Tax	32,284	-39,726	-12,047	25,352	-2,927	853	0	6,053	4,309	10,854	4,698	-13,820	-9,704	3,630	34,702
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	32,284	-39,726	-12,047	25,352	-2,927	853	0	6,053	4,309	10,854	4,698	-13,820	-9,704	3,630	34,702
Employee Costs	241,455	203,136	223,621	189,773	229,745	216,904	209,261	36,800	38,031	1,088,231	944,099	848,062	1,028,501	755,623	0
Number Of Employees	6	5	6	5	6	6	6	1	1	29	28	27	31	22	0
EBITDA*	62,868	-27,098	4,340	48,711	-550	3,434	2,109	10,092	7,017	15,818	8,438	-9,581	-3,557	13,029	58,666

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	52,516	30,534	40,305	51,864	8,016	10,024	9,336	10,914	8,605	10,413	11,637	18,081	22,132	28,431	36,560
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	52,516	30,534	40,305	51,864	8,016	10,024	9,336	10,914	8,605	10,413	11,637	18,081	22,132	28,431	36,560
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	170,741	158,961	151,834	176,571	130,385	161,518
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	341,640	304,917	271,776	241,725	236,748	261,476	215,171	196,861	187,632	0	0	0	0	0	0
Cash	35,919	3,493	86,660	124,221	23,166	22,407	24,957	43,268	35,326	35,746	22,164	7,674	17,165	43,544	13,209
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	377,559	308,410	358,436	365,946	259,914	283,883	240,128	240,129	222,958	206,487	181,125	159,508	193,736	173,929	174,727
total assets	430,075	338,944	398,741	417,810	267,930	293,907	249,464	251,043	231,563	216,900	192,762	177,589	215,868	202,360	211,287
Bank overdraft	10,000	13,977	13,949	4,000	4,000	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	4,686	5,610	4,325	12,525	5,502	6,579	4,875	7,686	10,419	181,556	167,131	156,043	179,148	155,705	175,326
Group/Directors Accounts	0	0	0	159	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	14,024	5,058	5,058	5,058	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	307,006	250,306	252,627	238,117	215,840	233,814	211,925	202,515	184,421	0	0	0	0	0	0
total current liabilities	335,716	274,951	275,959	259,859	225,342	240,393	216,800	210,201	194,840	181,556	167,131	156,043	179,148	155,705	175,326
loans	15,834	25,959	39,964	58,028	11,998	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	42,072	33,865	38,923	43,981	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	19,997	0	0	1,934	4,864	6,005	6,618	7,972	7,829	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	374	1,139
total long term liabilities	57,906	59,824	78,887	102,009	11,998	19,997	0	0	1,934	4,864	6,005	6,618	7,972	8,203	1,139
total liabilities	393,622	334,775	354,846	361,868	237,340	260,390	216,800	210,201	196,774	186,420	173,136	162,661	187,120	163,908	176,465
net assets	36,453	4,169	43,895	55,942	30,590	33,517	32,664	40,842	34,789	30,480	19,626	14,928	28,748	38,452	34,822
total shareholders funds	36,453	4,169	43,895	55,942	30,590	33,517	32,664	40,842	34,789	30,480	19,626	14,928	28,748	38,452	34,822

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	45,710	-36,869	-8,616	33,605	-2,558	875	-85	7,468	5,209	13,594	6,027	-13,882	-9,856	4,900	48,164
Depreciation	17,158	9,771	12,956	15,106	2,008	2,559	2,194	2,624	1,808	2,224	2,411	4,301	6,299	8,129	10,502
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-10,761	0	0	-5,947	0	-200	0	-1,513	-1,077	-2,885	-1,403	0	0	-1,412	-13,495
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	36,723	33,141	30,051	4,977	-24,728	46,305	18,310	9,229	16,891	11,780	7,127	-24,737	46,186	-31,133	161,518
Creditors	-924	1,285	-8,200	7,023	-1,077	1,704	-2,811	-2,733	-171,137	14,425	11,088	-23,105	23,443	-19,621	175,326
Accruals and Deferred Income	56,700	-2,321	14,510	22,277	-17,974	21,889	9,410	18,094	184,421	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-374	-765	1,139
Cash flow from operations	71,160	-61,275	-19,401	67,087	5,127	-19,478	-9,602	14,711	2,333	15,578	10,996	-7,949	-26,674	22,364	60,118
Investing Activities
capital expenditure	-39,140	0	-1,397	-58,954	0	-3,247	-616	-4,933	0	-1,000	4,033	-250	0	0	-47,062
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-39,140	0	-1,397	-58,954	0	-3,247	-616	-4,933	0	-1,000	4,033	-250	0	0	-47,062
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-159	159	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	-10,125	-14,005	-18,064	46,030	11,998	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	17,173	-5,058	-5,058	49,039	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-19,997	19,997	0	-1,934	-2,930	-1,141	-613	-1,354	143	7,829	0
share issue	0	0	0	0	0	0	-8,178	0	0	0	0	0	0	0	120
interest	-2,665	-2,857	-3,431	-2,306	-369	178	85	98	178	145	75	62	152	142	33
cash flow from financing	4,383	-21,920	-26,712	92,922	-8,368	20,175	-8,093	-1,836	-2,752	-996	-538	-1,292	295	7,971	153
cash and cash equivalents
cash	32,426	-83,167	-37,561	101,055	759	-2,550	-18,311	7,942	-420	13,582	14,490	-9,491	-26,379	30,335	13,209
overdraft	-3,977	28	9,949	0	4,000	0	0	0	0	0	0	0	0	0	0
change in cash	36,403	-83,195	-47,510	101,055	-3,241	-2,550	-18,311	7,942	-420	13,582	14,490	-9,491	-26,379	30,335	13,209

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WRIGHT RESIDENTIAL LIMITED group structure

Wright Residential Limited has no subsidiary companies.

Ultimate parent company

WRIGHT RESIDENTIAL LIMITED

03648388

WRIGHT RESIDENTIAL LIMITED Shareholders

paul a. buamah

100%

Wright Residential Limited currently has 1 director, Mr Paul Buamah serving since Apr 1999.

officer	country	age	start	end	role
Mr Paul Buamah		57 years	Apr 1999	-	Director

P&L

October 2023

turnover

449.5k

+22%

operating profit

45.7k

gross margin

85.5%

-6.17%

turnover

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

Balance Sheet

October 2023

net assets

36.5k

+7.74%

total assets

430.1k

+0.27%

cash

35.9k

+9.28%

net assets

Total assets minus all liabilities

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company number

03648388

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

October 1998

ultimate parent company

None

previous names

N/A

address

176 chillingham road, newcastle upon tyne, tyne & wear, NE6 5BU

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.

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wright residential limited Company Information

wright residential limited Estimated Valuation

wright residential limited Estimated Valuation

wright residential limited Estimated Valuation

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WRIGHT RESIDENTIAL LIMITED financials

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