Bank Properties Limited

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bank properties limited Company Information

Live

MatureSmallRapid

Company Number

03897585

Next Accounts

Jul 2025

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Ephraim Stolzberg

Shareholders

combined funds ltd

Group Structure

View All

Contact

Registered Address

32-33 hatton garden, hatton garden, london, EC1N 8DL

Website

fairholmefunds.com

bank properties limited Estimated Valuation

£13.1m

Pomanda estimates the enterprise value of BANK PROPERTIES LIMITED at £13.1m based on a Turnover of £4.8m and 2.72x industry multiple (adjusted for size and gross margin).

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Bank Properties Limited is a live company located in london, EC1N 8DL with a Companies House number of 03897585. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 1999, it's largest shareholder is combined funds ltd with a 100% stake. Bank Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Bank Properties Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

3 Weak

Size

annual sales of £4.8m, make it larger than the average company (£849.6k)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (2.9%)

EXPORT

Bank Properties Limited's latest turnover from October 2023 is estimated at £4.8 million and the company has net assets of £3.6 million. According to their latest financial statements, we estimate that Bank Properties Limited has 11 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	4,831,241	4,561,606	1,587,175	1,949,424	3,206,359	748,712	1,569,174	1,888,806	1,995,007	1,667,830	1,436,444	3,409,018	3,413,835	2,106,434
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,386,242	3,244,745	1,163,045	1,389,269	2,271,382	516,694	1,054,476	1,280,669	1,437,553	1,210,639	1,062,319	2,492,122	2,485,200	1,462,262
Gross Profit	1,444,999	1,316,861	424,130	560,155	934,977	232,017	514,698	608,136	557,453	457,191	374,126	916,896	928,635	644,172
Admin Expenses	1,436,182	1,336,783	-1,377,259	-1,854,173	2,756,067	-2,170,781	505,645	600,818	551,610	451,683	369,233	914,678	926,872	561,255
Operating Profit	8,817	-19,922	1,801,389	2,414,328	-1,821,090	2,402,798	9,053	7,318	5,843	5,508	4,893	2,218	1,763	82,917
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	80	597	0	0	0	0	15	120	225	560	439
Pre-Tax Profit	8,817	-19,922	1,801,389	2,414,407	-1,820,493	2,402,798	9,053	7,318	5,843	5,523	5,013	2,443	2,323	83,357
Tax	-2,204	0	-342,264	-458,737	0	-456,532	-1,720	-1,463	-1,168	-1,160	-1,153	-586	-604	-23,340
Profit After Tax	6,613	-19,922	1,459,125	1,955,670	-1,820,493	1,946,266	7,333	5,854	4,674	4,363	3,860	1,857	1,719	60,017
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,613	-19,922	1,459,125	1,955,670	-1,820,493	1,946,266	7,333	5,854	4,674	4,363	3,860	1,857	1,719	60,017
Employee Costs	351,120	365,140	140,659	164,556	252,986	79,656	155,128	157,509	157,814	125,707	96,391	240,836	258,211	171,125
Number Of Employees	11	12	5	6	9	3	6	6	6	5	4	10	11	7
EBITDA*	8,817	-19,922	1,801,389	2,414,328	-1,821,090	2,402,798	9,053	7,318	5,843	5,508	4,893	4,348	4,763	85,612

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	6,000,000	6,000,000	6,000,000	4,500,000	4,500,000	4,500,000	2,562,026	2,562,026	2,562,026	2,562,026	2,562,026	2,525,000	2,507,290	2,510,290
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,000,000	6,000,000	6,000,000	4,500,000	4,500,000	4,500,000	2,562,026	2,562,026	2,562,026	2,562,026	2,562,026	2,525,000	2,507,290	2,510,290
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,088,798	999,633	246,883	254,117	0	16,081	227,826	279,848	235,650	157,726	146,532	789,570	819,333	504,732
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	159,242	0	0	0	0	0	6,099	42,051	48,050	175,786
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,088,798	999,633	246,883	254,117	159,242	16,081	227,826	279,848	235,650	157,726	152,631	831,621	867,383	680,518
total assets	7,088,798	6,999,633	6,246,883	4,754,117	4,659,242	4,516,081	2,789,852	2,841,874	2,797,676	2,719,752	2,714,657	3,356,621	3,374,673	3,190,808
Bank overdraft	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
Trade Creditors	3,471,862	3,389,310	2,616,638	2,582,997	2,505,817	2,480,138	2,700,175	2,759,530	2,721,186	2,647,936	2,447,203	291,734	316,507	175,913
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	3,471,862	3,389,310	2,616,638	2,582,997	2,505,817	2,480,138	2,700,175	2,759,530	2,721,186	2,647,936	2,447,203	291,734	316,507	175,913
loans	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
Accruals and Deferred Income	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	200,000	3,001,293	2,996,429	2,954,877
provisions	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	200,000	3,001,293	2,996,429	2,954,877
total liabilities	3,471,862	3,389,310	2,616,638	2,582,997	2,505,817	2,480,138	2,700,175	2,759,530	2,721,186	2,647,936	2,647,203	3,293,027	3,312,936	3,130,790
net assets	3,616,936	3,610,323	3,630,245	2,171,120	2,153,425	2,035,943	89,677	82,344	76,490	71,816	67,454	63,594	61,737	60,018
total shareholders funds	3,616,936	3,610,323	3,630,245	2,171,120	2,153,425	2,035,943	89,677	82,344	76,490	71,816	67,454	63,594	61,737	60,018

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	8,817	-19,922	1,801,389	2,414,328	-1,821,090	2,402,798	9,053	7,318	5,843	5,508	4,893	2,218	1,763	82,917
Depreciation	0	0	0	0	0	0	0	0	0	0	0	2,130	3,000	2,695
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,204	0	-342,264	-458,737	0	-456,532	-1,720	-1,463	-1,168	-1,160	-1,153	-586	-604	-23,340
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	89,165	752,750	-7,234	254,117	-16,081	-211,745	-52,022	44,198	77,924	11,194	-643,038	-29,763	314,601	504,732
Creditors	82,552	772,672	33,641	77,180	25,679	-220,037	-59,355	38,344	73,250	200,733	2,155,469	-24,773	140,594	175,913
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	1,500,000	1,778,654	-1,779,330	1,937,974	0	1	1	193,887	2,802,247	8,752	-169,848	-266,547
Investing Activities
capital expenditure	0	0	-1,500,000	0	0	-1,937,974	0	0	0	0	-37,026	-19,840	0	-2,512,985
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,500,000	0	0	-1,937,974	0	0	0	0	-37,026	-19,840	0	-2,512,985
Financing Activities
Bank loans	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
Other Short Term Loans	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
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	0	0	0	-200,000	-2,801,293	4,864	41,552	2,954,877
share issue	0	0	0	-1,937,975	1,937,975	0	0	0	0	-1	0	0	0	1
interest	0	0	0	80	597	0	0	0	0	15	120	225	560	439
cash flow from financing	0	0	0	-1,937,895	1,938,572	0	0	0	0	-199,986	-2,801,173	5,089	42,112	2,955,317
cash and cash equivalents
cash	0	0	0	-159,242	159,242	0	0	0	0	-6,099	-35,952	-5,999	-127,736	175,786
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-159,242	159,242	0	0	0	0	-6,099	-35,952	-5,999	-127,736	175,786

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BANK PROPERTIES LIMITED group structure

Bank Properties Limited has no subsidiary companies.

Ultimate parent company

COMBINED FUNDS LIMITED

01591120

1 parent

BANK PROPERTIES LIMITED

03897585

BANK PROPERTIES LIMITED Shareholders

combined funds ltd

100%

Bank Properties Limited currently has 1 director, Mr Ephraim Stolzberg serving since Jan 2000.

officer	country	age	start	end	role
Mr Ephraim Stolzberg	United Kingdom	95 years	Jan 2000	-	Director

P&L

October 2023

turnover

4.8m

+6%

operating profit

8.8k

gross margin

30%

+3.61%

turnover

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

Balance Sheet

October 2023

net assets

3.6m

total assets

7.1m

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

03897585

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

December 1999

ultimate parent company

COMBINED FUNDS LIMITED

previous names

dareway limited (February 2000)

address

32-33 hatton garden, hatton garden, london, EC1N 8DL

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 6 charges/mortgages relating to bank properties limited. Currently there are 0 open charges and 6 have been satisfied in the past.

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bank properties limited Company Information

bank properties limited Estimated Valuation

bank properties limited Estimated Valuation

bank properties limited Estimated Valuation

Bank Properties Limited Overview

Bank Properties Limited Health Check

BANK PROPERTIES LIMITED financials

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