Acre 296 Limited

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acre 296 limited Company Information

Live

MatureMicroDeclining

Company Number

03795107

Website

Registered Address

76 the avenue, hartshill, stoke-on-trent, staffordshire, ST4 6DA

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

January 2025

Group Structure

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Directors

James Fitzpatrick25 Years

Shareholders

james fitzpatrick 100%

acre 296 limited Estimated Valuation

£877.1k

Pomanda estimates the enterprise value of ACRE 296 LIMITED at £877.1k based on a Turnover of £273.2k and 3.21x industry multiple (adjusted for size and gross margin).

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Acre 296 Limited is a live company located in stoke-on-trent, ST4 6DA with a Companies House number of 03795107. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 1999, it's largest shareholder is james fitzpatrick with a 100% stake. Acre 296 Limited is a mature, micro sized company, Pomanda has estimated its turnover at £273.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Acre 296 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

5 Regular

4 Weak

Size

annual sales of £273.2k, make it smaller than the average company (£799.8k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.1%)

EXPORT

Acre 296 Limited's latest turnover from April 2023 is estimated at £273.2 thousand and the company has net assets of £775.5 thousand. According to their latest financial statements, Acre 296 Limited has 1 employee and maintains cash reserves of £23.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	273,226	137,817	551,842	297,644	84,615	53,461	119,440	327,108	1,164,674	2,923,763	2,077,258	1,343,443	2,449,165	806,071
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	75,481	39,063	159,399	81,961	24,539	13,979	30,550	90,796	400,424	1,028,627	706,001	443,720	831,733	252,749
Gross Profit	197,745	98,754	392,442	215,683	60,076	39,482	88,891	236,312	764,250	1,895,137	1,371,257	899,724	1,617,432	553,323
Admin Expenses	115,245	-3,240	247,768	521,290	-72,725	-104,713	-468,981	157,207	687,552	1,827,920	1,290,288	735,370	1,550,811	822,274
Operating Profit	82,500	101,994	144,674	-305,607	132,801	144,195	557,872	79,105	76,698	67,217	80,969	164,354	66,621	-268,951
Interest Payable	61,077	44,116	40,935	41,710	40,401	32,944	33,881	31,333	27,340	20,317	16,317	23,457	29,747	16,476
Interest Receivable	2,099	533	45	25	323	276	110	206	173	65	5	0	0	0
Pre-Tax Profit	23,523	58,411	103,784	-347,292	92,722	111,527	524,101	47,978	49,531	46,965	64,657	140,897	36,874	-285,427
Tax	-5,881	-11,098	-19,719	0	-17,617	-21,190	-99,579	-9,595	-9,906	-9,863	-14,871	-33,815	-9,587	0
Profit After Tax	17,642	47,313	84,065	-347,292	75,105	90,337	424,522	38,382	39,625	37,102	49,786	107,082	27,287	-285,427
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,642	47,313	84,065	-347,292	75,105	90,337	424,522	38,382	39,625	37,102	49,786	107,082	27,287	-285,427
Employee Costs	31,105	29,888	27,174	27,911	27,786	26,549	25,794	26,212	183,701	450,645	312,240	216,158	395,940	145,218
Number Of Employees	1	1	1	1	1	1	1	1	7	18	13	9	17	6
EBITDA*	82,966	102,565	145,381	-304,722	133,919	145,603	558,880	80,291	78,097	69,109	83,200	166,984	69,702	-265,313

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	2,363	2,829	3,400	4,107	4,992	5,960	5,695	6,703	7,889	10,682	12,574	14,805	17,309	20,390
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,124,787	2,124,787	2,124,787	2,124,787	2,124,787	2,008,430	2,008,430	2,008,430	2,008,430	2,008,430	2,008,430	2,008,430	2,000,000	2,137,383
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	2,075	8,075	14,075	20,500	0	0
Total Fixed Assets	2,127,150	2,127,616	2,128,187	2,128,894	2,129,779	2,014,390	2,014,125	2,015,133	2,018,394	2,027,187	2,035,079	2,043,735	2,017,309	2,157,773
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	29,060	12,331	77,918	34,028	3,794	668	8,850	32,721	31,642	197,934	125,498	63,246	0	2,203
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	1,687	0	0	0	24,951	2,075	0	0	0	0	0	0
Cash	23,673	75,122	67,076	22,578	26,734	59,287	51,275	37,046	45,168	24,130	1,927	86	94	55
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	52,733	87,453	146,681	56,606	30,528	59,955	85,076	71,842	76,810	222,064	127,425	63,332	94	2,258
total assets	2,179,883	2,215,069	2,274,868	2,185,500	2,160,307	2,074,345	2,099,201	2,086,975	2,095,204	2,249,251	2,162,504	2,107,067	2,017,403	2,160,031
Bank overdraft	0	0	36,519	48,901	47,144	36,308	37,470	37,470	0	0	0	0	0	0
Bank loan	56,924	63,389	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	975,102	1,136,774	1,091,494	981,987	904,172	1,087,769
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	592,717	588,530	637,064	655,107	603,564	811,887	891,178	923,590	0	0	0	0	0	0
total current liabilities	649,641	651,919	673,583	704,008	650,708	848,195	928,648	961,060	975,102	1,136,774	1,091,494	981,987	904,172	1,087,769
loans	510,483	560,944	646,284	610,422	661,078	452,550	487,341	521,907	404,718	436,527	188,625	313,429	408,323	506,956
hp & lease commitments	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
other liabilities	243,770	243,770	243,770	243,770	243,770	243,770	243,770	218,819	368,700	368,700	612,019	590,819	590,819	368,000
provisions	449	538	646	780	949	1,133	1,082	1,341	1,218	1,409	1,627	1,879	2,218	2,511
total long term liabilities	754,702	805,252	890,700	854,972	905,797	697,453	732,193	742,067	774,636	806,636	802,271	906,127	1,001,360	877,467
total liabilities	1,404,343	1,457,171	1,564,283	1,558,980	1,556,505	1,545,648	1,660,841	1,703,127	1,749,738	1,943,410	1,893,765	1,888,114	1,905,532	1,965,236
net assets	775,540	757,898	710,585	626,520	603,802	528,697	438,360	383,848	345,466	305,841	268,739	218,953	111,871	194,795
total shareholders funds	775,540	757,898	710,585	626,520	603,802	528,697	438,360	383,848	345,466	305,841	268,739	218,953	111,871	194,795

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	82,500	101,994	144,674	-305,607	132,801	144,195	557,872	79,105	76,698	67,217	80,969	164,354	66,621	-268,951
Depreciation	466	571	707	885	1,118	1,408	1,008	1,186	1,399	1,892	2,231	2,630	3,081	3,638
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,881	-11,098	-19,719	0	-17,617	-21,190	-99,579	-9,595	-9,906	-9,863	-14,871	-33,815	-9,587	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	16,729	-67,274	45,577	30,234	3,126	-33,133	-995	1,079	-172,292	66,436	55,827	83,746	-2,203	2,203
Creditors	0	0	0	0	0	0	0	-975,102	-161,672	45,280	109,507	77,815	-183,597	1,087,769
Accruals and Deferred Income	4,187	-48,534	-18,043	51,543	-208,323	-79,291	-32,412	923,590	0	0	0	0	0	0
Deferred Taxes & Provisions	-89	-108	-134	-169	-184	51	-259	123	-191	-218	-252	-339	-293	2,511
Cash flow from operations	64,454	110,099	61,908	-283,582	-95,331	78,306	427,625	18,228	78,620	37,872	121,757	126,899	-121,572	822,764
Investing Activities
capital expenditure	0	0	0	0	-150	-1,673	0	0	1,394	0	0	-126	0	-24,028
Change in Investments	0	0	0	0	116,357	0	0	0	0	0	0	8,430	-137,383	2,137,383
cash flow from investments	0	0	0	0	-116,507	-1,673	0	0	1,394	0	0	-8,556	137,383	-2,161,411
Financing Activities
Bank loans	-6,465	63,389	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-50,461	-85,340	35,862	-50,656	208,528	-34,791	-34,566	117,189	-31,809	247,902	-124,804	-94,894	-98,633	506,956
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	24,951	-149,881	0	-243,319	21,200	0	222,819	368,000
share issue	0	0	0	370,010	0	0	-370,010	0	0	0	0	0	-110,211	480,222
interest	-58,978	-43,583	-40,890	-41,685	-40,078	-32,668	-33,771	-31,127	-27,167	-20,252	-16,312	-23,457	-29,747	-16,476
cash flow from financing	-115,904	-65,534	-5,028	277,669	168,450	-67,459	-413,396	-63,819	-58,976	-15,669	-119,916	-118,351	-15,772	1,338,702
cash and cash equivalents
cash	-51,449	8,046	44,498	-4,156	-32,553	8,012	14,229	-8,122	21,038	22,203	1,841	-8	39	55
overdraft	0	-36,519	-12,382	1,757	10,836	-1,162	0	37,470	0	0	0	0	0	0
change in cash	-51,449	44,565	56,880	-5,913	-43,389	9,174	14,229	-45,592	21,038	22,203	1,841	-8	39	55

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACRE 296 LIMITED group structure

Acre 296 Limited has no subsidiary companies.

Ultimate parent company

ACRE 296 LIMITED

03795107

ACRE 296 LIMITED Shareholders

james fitzpatrick

100%

Acre 296 Limited currently has 1 director, Mr James Fitzpatrick serving since Jul 1999.

officer	country	age	start	end	role
Mr James Fitzpatrick	England	55 years	Jul 1999	-	Director

P&L

April 2023

turnover

273.2k

+98%

operating profit

82.5k

gross margin

72.4%

+1%

turnover

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

Balance Sheet

April 2023

net assets

775.5k

+0.02%

total assets

2.2m

-0.02%

cash

23.7k

-0.68%

net assets

Total assets minus all liabilities

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company number

03795107

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

June 1999

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

76 the avenue, hartshill, stoke-on-trent, staffordshire, ST4 6DA

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 acre 296 limited.

acre 296 limited Company Information

acre 296 limited Estimated Valuation

acre 296 limited Estimated Valuation

acre 296 limited Estimated Valuation

Acre 296 Limited Overview

Acre 296 Limited Health Check

ACRE 296 LIMITED financials

acre 296 limited Credit Report and Business Information

Acre 296 Limited Competitor Analysis

acre 296 limited Ownership

acre 296 limited directors

acre 296 limited company details

acre 296 limited Charges & Mortgages

acre 296 limited Companies House Filings - See Documents