latchmore properties limited
latchmore properties limited Company Information
Company Number
03763562
Next Accounts
Mar 2025
Shareholders
venosa properties holdings limited
Group Structure
View All
Industry
Development of building projects
Registered Address
271 high street, berkhamsted, HP4 1AA
Website
latchmere-properties.co.uklatchmore properties limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHMORE PROPERTIES LIMITED at £124.3k based on a Turnover of £252.2k and 0.49x industry multiple (adjusted for size and gross margin).
latchmore properties limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHMORE PROPERTIES LIMITED at £464k based on an EBITDA of £122.5k and a 3.79x industry multiple (adjusted for size and gross margin).
latchmore properties limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHMORE PROPERTIES LIMITED at £1.4m based on Net Assets of £954.4k and 1.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Latchmore Properties Limited Overview
Latchmore Properties Limited is a live company located in berkhamsted, HP4 1AA with a Companies House number of 03763562. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1999, it's largest shareholder is venosa properties holdings limited with a 100% stake. Latchmore Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £252.2k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Latchmore Properties Limited Health Check
Pomanda's financial health check has awarded Latchmore Properties Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £252.2k, make it smaller than the average company (£2.2m)
- Latchmore Properties Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.1%)
- Latchmore Properties Limited
3.1% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
- Latchmore Properties Limited
26.4% - Industry AVG
Profitability
an operating margin of 48.5% make it more profitable than the average company (7.3%)
- Latchmore Properties Limited
7.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Latchmore Properties Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Latchmore Properties Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £126.1k, this is less efficient (£280k)
- Latchmore Properties Limited
£280k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Latchmore Properties Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (30 days)
- Latchmore Properties Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Latchmore Properties Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Latchmore Properties Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.2%, this is a similar level of debt than the average (73.1%)
75.2% - Latchmore Properties Limited
73.1% - Industry AVG
LATCHMORE PROPERTIES LIMITED financials
Latchmore Properties Limited's latest turnover from June 2023 is estimated at £252.2 thousand and the company has net assets of £954.4 thousand. According to their latest financial statements, Latchmore Properties Limited has 2 employees and maintains cash reserves of £19.2 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 | ||||||||||||||
| 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 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 2 | ||||||
| EBITDA* |
* 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 | 1,347 | 1,072 | 1,261 | |||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 3,317,558 | 3,875,000 | 3,875,000 | 3,875,000 | 3,875,000 | 4,025,054 | 3,700,038 | 3,600,000 | 499,308 | 450,000 | 390,000 | 390,000 | 390,000 | 390,000 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 3,318,905 | 3,876,072 | 3,876,261 | 3,875,000 | 3,875,000 | 4,025,054 | 3,700,038 | 3,600,000 | 499,308 | 450,000 | 390,000 | 390,000 | 390,000 | 390,000 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 1,953 | 3,058 | 4,333 | 5,403 | 17,099 | 17,950 | 122,076 | 187,799 | 181,836 | 170,141 | 83,803 | 28,493 | ||
| Group Debtors | 510,420 | 254,533 | ||||||||||||
| Misc Debtors | 14,866 | 13,745 | 45 | 7,987 | 23,169 | 8,781 | ||||||||
| Cash | 19,213 | 8,237 | 6,666 | 60,843 | 22,294 | 28,974 | 27,484 | 39,001 | 6,613 | 2,567 | 34 | 197 | ||
| misc current assets | ||||||||||||||
| total current assets | 529,633 | 277,636 | 22,364 | 63,946 | 34,614 | 57,546 | 53,364 | 56,951 | 122,076 | 187,799 | 188,449 | 172,708 | 83,837 | 28,690 |
| total assets | 3,848,538 | 4,153,708 | 3,898,625 | 3,938,946 | 3,909,614 | 4,082,600 | 3,753,402 | 3,656,951 | 621,384 | 637,799 | 578,449 | 562,708 | 473,837 | 418,690 |
| Bank overdraft | 10,000 | 10,000 | ||||||||||||
| Bank loan | 10,000 | 2,763 | 15,950 | 14,883 | 13,928 | 13,372 | ||||||||
| Trade Creditors | 4,498 | 9,899 | 1,619 | 2,090 | 1,907 | 1,871 | 16 | 33,686 | 35,130 | 54,398 | 59,755 | 31,816 | 29,745 | |
| Group/Directors Accounts | 586,600 | 822,381 | 398,269 | 271,769 | 266,967 | 255,720 | 223,015 | |||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 168,638 | 44,207 | 66,014 | 46,411 | 70,049 | 92,080 | 76,911 | 84,172 | ||||||
| total current liabilities | 769,736 | 886,487 | 474,283 | 322,562 | 355,056 | 364,590 | 315,725 | 97,560 | 33,686 | 35,130 | 54,398 | 59,755 | 31,816 | 29,745 |
| loans | 1,864,703 | 1,976,921 | 1,986,920 | 1,997,753 | 1,950,516 | 1,967,046 | 1,686,589 | 1,832,786 | ||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 259,722 | 246,480 | 246,480 | 246,480 | 246,480 | 246,044 | 246,044 | 246,044 | ||||||
| total long term liabilities | 2,124,425 | 2,223,401 | 2,233,400 | 2,244,233 | 2,196,996 | 2,213,090 | 1,932,633 | 2,078,830 | ||||||
| total liabilities | 2,894,161 | 3,109,888 | 2,707,683 | 2,566,795 | 2,552,052 | 2,577,680 | 2,248,358 | 2,176,390 | 33,686 | 35,130 | 54,398 | 59,755 | 31,816 | 29,745 |
| net assets | 954,377 | 1,043,820 | 1,190,942 | 1,372,151 | 1,357,562 | 1,504,920 | 1,505,044 | 1,480,561 | 587,698 | 602,669 | 524,051 | 502,953 | 442,021 | 388,945 |
| total shareholders funds | 954,377 | 1,043,820 | 1,190,942 | 1,372,151 | 1,357,562 | 1,504,920 | 1,505,044 | 1,480,561 | 587,698 | 602,669 | 524,051 | 502,953 | 442,021 | 388,945 |
| 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 | ||||||||||||||
| Depreciation | 238 | 189 | ||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 241,021 | 253,701 | 12,595 | -9,217 | -16,252 | 2,692 | 7,930 | -104,126 | -65,723 | 5,963 | 11,695 | 86,338 | 55,310 | 28,493 |
| Creditors | -5,401 | 9,899 | -1,619 | -471 | 183 | 36 | 1,855 | -33,670 | -1,444 | -19,268 | -5,357 | 27,939 | 2,071 | 29,745 |
| Accruals and Deferred Income | 124,431 | -21,807 | 19,603 | -23,638 | -22,031 | 15,169 | -7,261 | 84,172 | ||||||
| Deferred Taxes & Provisions | 13,242 | 436 | 246,044 | |||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -557,442 | -150,054 | 325,016 | 100,038 | 3,100,692 | 49,308 | 60,000 | 390,000 | ||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -10,000 | 7,237 | -13,187 | 1,067 | 955 | 556 | 13,372 | |||||||
| Group/Directors Accounts | -235,781 | 424,112 | 126,500 | 4,802 | 11,247 | 32,705 | 223,015 | |||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -112,218 | -9,999 | -10,833 | 47,237 | -16,530 | 280,457 | -146,197 | 1,832,786 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 10,976 | 1,571 | -54,177 | 38,549 | -6,680 | 1,490 | -11,517 | 39,001 | -6,613 | 4,046 | 2,533 | -163 | 197 | |
| overdraft | 10,000 | |||||||||||||
| change in cash | 10,976 | -8,429 | -54,177 | 38,549 | -6,680 | 1,490 | -11,517 | 39,001 | -6,613 | 4,046 | 2,533 | -163 | 197 |
latchmore properties limited Credit Report and Business Information
Latchmore Properties Limited Competitor Analysis
Perform a competitor analysis for latchmore properties limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in HP4 area or any other competitors across 12 key performance metrics.
latchmore properties limited Ownership
LATCHMORE PROPERTIES LIMITED group structure
Latchmore Properties Limited has no subsidiary companies.
Ultimate parent company
1 parent
LATCHMORE PROPERTIES LIMITED
03763562
latchmore properties limited directors
Latchmore Properties Limited currently has 2 directors. The longest serving directors include Mr Melvyn Rolnick (Jun 1999) and Mr Richard Bunt (Jun 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Melvyn Rolnick | United Kingdom | 72 years | Jun 1999 | - | Director |
| Mr Richard Bunt | United Kingdom | 70 years | Jun 1999 | - | Director |
P&L
June 2023turnover
252.2k
-49%
operating profit
122.3k
0%
gross margin
26.4%
+6.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
954.4k
-0.09%
total assets
3.8m
-0.07%
cash
19.2k
+1.33%
net assets
Total assets minus all liabilities
latchmore properties limited company details
company number
03763562
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 1999
age
26
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
271 high street, berkhamsted, HP4 1AA
Bank
-
Legal Advisor
-
latchmore properties 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 10 charges/mortgages relating to latchmore properties limited. Currently there are 5 open charges and 5 have been satisfied in the past.
latchmore properties limited Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for LATCHMORE PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.
latchmore properties limited Companies House Filings - See Documents
| date | description | view/download |
|---|
