praxis real estate management ltd

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praxis real estate management ltd Company Information

Share PRAXIS REAL ESTATE MANAGEMENT LTD

Company Number

03876895

Shareholders

praxis group limited

Group Structure

View All

Industry

Management of real estate on a fee or contract basis

 

Registered Address

9th floor ship canal house, 98 king street, manchester, M2 4WU

praxis real estate management ltd Estimated Valuation

£11.7m

Pomanda estimates the enterprise value of PRAXIS REAL ESTATE MANAGEMENT LTD at £11.7m based on a Turnover of £4.2m and 2.79x industry multiple (adjusted for size and gross margin).

praxis real estate management ltd Estimated Valuation

£7m

Pomanda estimates the enterprise value of PRAXIS REAL ESTATE MANAGEMENT LTD at £7m based on an EBITDA of £865.3k and a 8.13x industry multiple (adjusted for size and gross margin).

praxis real estate management ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of PRAXIS REAL ESTATE MANAGEMENT LTD at £1.1m based on Net Assets of £596.8k and 1.8x industry multiple (adjusted for liquidity).

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Praxis Real Estate Management Ltd Overview

Praxis Real Estate Management Ltd is a live company located in manchester, M2 4WU with a Companies House number of 03876895. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in November 1999, it's largest shareholder is praxis group limited with a 100% stake. Praxis Real Estate Management Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.

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Praxis Real Estate Management Ltd Health Check

Pomanda's financial health check has awarded Praxis Real Estate Management Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £4.2m, make it larger than the average company (£406.7k)

£4.2m - Praxis Real Estate Management Ltd

£406.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (6.1%)

43% - Praxis Real Estate Management Ltd

6.1% - Industry AVG

production

Production

with a gross margin of 57.9%, this company has a comparable cost of product (57.9%)

57.9% - Praxis Real Estate Management Ltd

57.9% - Industry AVG

profitability

Profitability

an operating margin of 18.6% make it more profitable than the average company (8%)

18.6% - Praxis Real Estate Management Ltd

8% - Industry AVG

employees

Employees

with 66 employees, this is above the industry average (6)

66 - Praxis Real Estate Management Ltd

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.2k, the company has an equivalent pay structure (£40.2k)

£40.2k - Praxis Real Estate Management Ltd

£40.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £63.5k, this is less efficient (£101.4k)

£63.5k - Praxis Real Estate Management Ltd

£101.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is near the average (45 days)

50 days - Praxis Real Estate Management Ltd

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 46 days, this is slower than average (29 days)

46 days - Praxis Real Estate Management Ltd

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Praxis Real Estate Management Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (46 weeks)

3 weeks - Praxis Real Estate Management Ltd

46 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 89.3%, this is a higher level of debt than the average (60.2%)

89.3% - Praxis Real Estate Management Ltd

60.2% - Industry AVG

PRAXIS REAL ESTATE MANAGEMENT LTD financials

EXPORTms excel logo

Praxis Real Estate Management Ltd's latest turnover from March 2024 is estimated at £4.2 million and the company has net assets of £596.8 thousand. According to their latest financial statements, Praxis Real Estate Management Ltd has 66 employees and maintains cash reserves of £369.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover4,187,9523,079,4511,818,0741,427,036953,605793,214824,542921,829911,1976,777,7995,851,6006,277,25714,140,1674,902,2022,528,011
Other Income Or Grants000000000000000
Cost Of Sales1,764,3911,017,550615,769455,615214,763164,890197,417218,155458,8883,670,2373,229,6103,553,2718,142,9912,916,9541,623,860
Gross Profit2,423,5612,061,9021,202,305971,421738,842628,324627,125703,675452,3093,107,5622,621,9902,723,9865,997,1761,985,248904,152
Admin Expenses1,645,0252,063,8011,362,257932,247711,822611,907619,748666,428428,1133,134,8342,614,8052,795,1515,884,6632,128,361671,944
Operating Profit778,536-1,899-159,95239,17427,02016,4177,37737,24724,196-27,2727,185-71,165112,513-143,113232,208
Interest Payable000000000000000
Interest Receivable11,9555,0612,26834118759237842188086078510,30110,57366177
Pre-Tax Profit790,4913,162-157,68439,51527,20717,0097,75637,66825,076-26,4127,970-60,864123,086-142,452232,285
Tax-197,623-6010-7,508-5,169-3,232-1,474-7,533-5,0150-1,8330-32,0020-65,040
Profit After Tax592,8682,561-157,68432,00722,03813,7776,28230,13420,061-26,4126,137-60,86491,084-142,452167,245
Dividends Paid000000000000000
Retained Profit592,8682,561-157,68432,00722,03813,7776,28230,13420,061-26,4126,137-60,86491,084-142,452167,245
Employee Costs2,654,8081,770,3151,253,568950,639911,975931,000956,954984,973283,5361,814,4171,606,7981,772,0643,961,8551,404,759738,853
Number Of Employees664534272728303185549561244422
EBITDA*865,33428,480-135,86245,33736,26121,79020,21449,73671,10295,65667,575-23,432145,146-110,039236,287

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets247,824268,10272,27025,17322,1055,9234,49910,38912,48849,301113,15291,98099,55099,36012,200
Intangible Assets000000000000000
Investments & Other001111111787777
Debtors (Due After 1 year)00000830000000000
Total Fixed Assets247,824268,10272,27125,17422,1066,7544,50010,39012,48949,308113,16091,98799,55799,36712,207
Stock & work in progress000000000000000
Trade Debtors578,809495,740264,48297,19473,90930,42819,17941,75583,449604,065586,893630,472469,985425,850307,481
Group Debtors3,606,3071,977,817553,036337,590330,721922,730767,384779,933386,029000000
Misc Debtors776,466328,272136,293257,856275,846190,715271,341209,550169,107000000
Cash369,27486,156151,994452,891228,410145,55412,251139,064197,616154,483189,334124,7803,995,650233,62430,811
misc current assets0000000000028,317000
total current assets5,330,8562,887,9851,105,8051,145,531908,8861,289,4271,070,1551,170,302836,201758,548776,227783,5694,465,635659,474338,292
total assets5,578,6803,156,0871,178,0761,170,705930,9921,296,1811,074,6551,180,692848,690807,856889,387875,5564,565,192758,841350,499
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 223,823336,217197,089508,075172,972108,84392,995104,682156,316773,117828,236820,5424,449,314734,047183,253
Group/Directors Accounts1,091,691692,305425,17550,00099,872230,450346,468116,57667,200000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities3,630,4422,093,864554,458453,592531,117851,895543,943873,867570,374000000
total current liabilities4,945,9563,122,3861,176,7221,011,667803,9611,191,188983,4061,095,125793,890773,117828,236820,5424,449,314734,047183,253
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions35,94129,7860000336330000000
total long term liabilities35,94129,7860000336330000000
total liabilities4,981,8973,152,1721,176,7221,011,667803,9611,191,188983,4391,095,758793,890773,117828,236820,5424,449,314734,047183,253
net assets596,7833,9151,354159,038127,031104,99391,21684,93454,80034,73961,15155,014115,87824,794167,246
total shareholders funds596,7833,9151,354159,038127,031104,99391,21684,93454,80034,73961,15155,014115,87824,794167,246
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit778,536-1,899-159,95239,17427,02016,4177,37737,24724,196-27,2727,185-71,165112,513-143,113232,208
Depreciation86,79830,37924,0906,1639,2415,37312,83712,48946,906122,92860,39047,73332,63333,0744,079
Amortisation000000000000000
Tax-197,623-6010-7,508-5,169-3,232-1,474-7,533-5,0150-1,8330-32,0020-65,040
Stock000000000000000
Debtors2,159,7531,848,018261,17112,164-464,22786,79926,666392,65334,52017,172-43,579160,48744,135118,369307,481
Creditors-112,394139,128-310,986335,10364,12915,848-11,687-51,634-616,801-55,1197,694-3,628,7723,715,267550,794183,253
Accruals and Deferred Income1,536,5781,539,406100,866-77,525-320,778307,952-329,924303,493570,374000000
Deferred Taxes & Provisions6,15529,786000-33-6006330000000
Cash flow from operations-61,703-111,819-607,153283,243238,670255,526-350,137-97,958-14,86023,365117,015-3,812,6913,784,276322,38647,019
Investing Activities
capital expenditure-66,520-226,211-71,187-9,231-25,423-6,797-6,947-10,390-10,093-59,077-81,562-40,163-32,823-120,234-16,279
Change in Investments0-1000000-6-110007
cash flow from investments-66,520-226,210-71,187-9,231-25,423-6,797-6,947-10,390-10,087-59,076-81,563-40,163-32,823-120,234-16,286
Financing Activities
Bank loans000000000000000
Group/Directors Accounts399,386267,130375,175-49,872-130,578-116,018229,89249,37667,200000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000001
interest11,9555,0612,26834118759237842188086078510,30110,57366177
cash flow from financing411,341272,191377,443-49,531-130,391-115,426230,27049,79768,08086078510,30110,57366178
cash and cash equivalents
cash283,118-65,838-300,897224,48182,856133,303-126,813-58,55243,133-34,85164,554-3,870,8703,762,026202,81330,811
overdraft000000000000000
change in cash283,118-65,838-300,897224,48182,856133,303-126,813-58,55243,133-34,85164,554-3,870,8703,762,026202,81330,811

praxis real estate management ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Praxis Real Estate Management Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for praxis real estate management ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.

praxis real estate management ltd Ownership

PRAXIS REAL ESTATE MANAGEMENT LTD group structure

Praxis Real Estate Management Ltd has 2 subsidiary companies.

Ultimate parent company

PRAXIS (HOLDINGS) LTD

#0111075

1 parent

PRAXIS REAL ESTATE MANAGEMENT LTD

03876895

2 subsidiaries

PRAXIS REAL ESTATE MANAGEMENT LTD Shareholders

praxis group limited 100%

praxis real estate management ltd directors

Praxis Real Estate Management Ltd currently has 4 directors. The longest serving directors include Mr David McCann (Nov 2011) and Mr Gabriel McLaughlin (Jul 2013).

officercountryagestartendrole
Mr David McCannUnited Kingdom58 years Nov 2011- Director
Mr Gabriel McLaughlinEngland58 years Jul 2013- Director
Mr James HewittUnited Kingdom37 years Jun 2020- Director
Mr Matthew GarnerUnited Kingdom43 years Apr 2022- Director

P&L

March 2024

turnover

4.2m

+36%

operating profit

778.5k

0%

gross margin

57.9%

-13.57%

turnover

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

Balance Sheet

March 2024

net assets

596.8k

+151.43%

total assets

5.6m

+0.77%

cash

369.3k

+3.29%

net assets

Total assets minus all liabilities

praxis real estate management ltd company details

company number

03876895

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

November 1999

age

26

incorporated

UK

ultimate parent company

PRAXIS (HOLDINGS) LTD

accounts

Small Company

last accounts submitted

March 2024

previous names

northcity properties ltd (November 2010)

maxilend limited (November 2004)

accountant

-

auditor

DJH AUDIT LIMITED

address

9th floor ship canal house, 98 king street, manchester, M2 4WU

Bank

-

Legal Advisor

-

praxis real estate management ltd 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 7 charges/mortgages relating to praxis real estate management ltd. Currently there are 0 open charges and 7 have been satisfied in the past.

praxis real estate management ltd 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 PRAXIS REAL ESTATE MANAGEMENT LTD. This can take several minutes, an email will notify you when this has completed.

praxis real estate management ltd Companies House Filings - See Documents

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