connect lettings and management limited

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connect lettings and management limited Company Information

Share CONNECT LETTINGS AND MANAGEMENT LIMITED

Company Number

03900592

Shareholders

olga philippou

tony philippou

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Group Structure

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Industry

Management of real estate on a fee or contract basis

 

Registered Address

fourth floor, chase house, 305 chase road, london, N14 6JS

connect lettings and management limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of CONNECT LETTINGS AND MANAGEMENT LIMITED at £2.5m based on a Turnover of £984.7k and 2.56x industry multiple (adjusted for size and gross margin).

connect lettings and management limited Estimated Valuation

£10.5m

Pomanda estimates the enterprise value of CONNECT LETTINGS AND MANAGEMENT LIMITED at £10.5m based on an EBITDA of £1.6m and a 6.75x industry multiple (adjusted for size and gross margin).

connect lettings and management limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of CONNECT LETTINGS AND MANAGEMENT LIMITED at £2.5m based on Net Assets of £1.4m and 1.82x industry multiple (adjusted for liquidity).

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Connect Lettings And Management Limited Overview

Connect Lettings And Management Limited is a live company located in london, N14 6JS with a Companies House number of 03900592. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in December 1999, it's largest shareholder is olga philippou with a 25% stake. Connect Lettings And Management Limited is a mature, small sized company, Pomanda has estimated its turnover at £984.7k with rapid growth in recent years.

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Connect Lettings And Management Limited Health Check

Pomanda's financial health check has awarded Connect Lettings And Management Limited a 4 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 Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £984.7k, make it larger than the average company (£444k)

£984.7k - Connect Lettings And Management Limited

£444k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (7.2%)

86% - Connect Lettings And Management Limited

7.2% - Industry AVG

production

Production

with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)

70.8% - Connect Lettings And Management Limited

70.8% - Industry AVG

profitability

Profitability

an operating margin of 155.8% make it more profitable than the average company (7%)

155.8% - Connect Lettings And Management Limited

7% - Industry AVG

employees

Employees

with 28 employees, this is above the industry average (7)

28 - Connect Lettings And Management Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)

£42.3k - Connect Lettings And Management Limited

£42.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £35.2k, this is less efficient (£103.4k)

£35.2k - Connect Lettings And Management Limited

£103.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (45 days)

16 days - Connect Lettings And Management Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 94 days, this is slower than average (29 days)

94 days - Connect Lettings And Management Limited

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Connect Lettings And Management Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (43 weeks)

7 weeks - Connect Lettings And Management Limited

43 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 79.7%, this is a higher level of debt than the average (61.6%)

79.7% - Connect Lettings And Management Limited

61.6% - Industry AVG

CONNECT LETTINGS AND MANAGEMENT LIMITED financials

EXPORTms excel logo

Connect Lettings And Management Limited's latest turnover from December 2024 is estimated at £984.7 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Connect Lettings And Management Limited has 28 employees and maintains cash reserves of £804 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover984,7012,713,154143,003152,618196,974217,385186,173165,408198,892102,537538,290420,834423,046377,133298,931
Other Income Or Grants
Cost Of Sales287,427848,93338,82043,65349,84642,34139,42233,63757,77357,907340,063272,490278,058246,182192,046
Gross Profit697,2731,864,220104,184108,965147,128175,043146,751131,771141,12044,630198,228148,344144,988130,951106,885
Admin Expenses-836,3901,614,498101,41085,08795,858156,373143,149133,822140,83943,513201,207131,201136,140123,668105,81622,771
Operating Profit1,533,663249,7222,77423,87851,27018,6703,602-2,0512811,117-2,97917,1438,8487,2831,069-22,771
Interest Payable67,3703,3613,7692,9531,5251212
Interest Receivable28,6069,7772,299295993203482978496927877715220
Pre-Tax Profit1,494,900256,1391,30521,22049,84418,9903,949-1,7543541,201-2,88717,2218,9257,3541,121-22,751
Tax-373,725-64,035-248-4,032-9,470-3,608-750-71-240-3,961-2,142-1,912-314
Profit After Tax1,121,175192,1041,05717,18840,37415,3823,199-1,754283961-2,88713,2606,7835,442807-22,751
Dividends Paid
Retained Profit1,121,175192,1041,05717,18840,37415,3823,199-1,754283961-2,88713,2606,7835,442807-22,751
Employee Costs1,183,169170,300211,622229,500255,448254,013173,738162,156195,63036,154168,752135,152136,716139,907104,346
Number Of Employees2845677556154443
EBITDA*1,555,801253,4477,18428,21456,74324,4549,453-1,3073,9785,130-89819,02514,06912,8787,464-16,721

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets218,88628,29930,35830,41134,74735,40935,81827,66126,58227,4489,8626,8756,1479,38812,59816,859
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets218,88628,29930,35830,41134,74735,40935,81827,66126,58227,4489,8626,8756,1479,38812,59816,859
Stock & work in progress
Trade Debtors43,487624,4307,6305,0259,7146,3604,6875,7605,5503,84043,98141,24634,37424,31618,38514,517
Group Debtors2,774,137126,161114,438126,235114,53844,45437,74429,28052,62534,523
Misc Debtors2,992,6682,7764,5632,0262,9144,8665,0831,5002,7039,121
Cash804,024340,23432,23999,156136,58661,73723,64569,02649,83917,62120,86015,81515,24715,47912,7787,935
misc current assets
total current assets6,614,3161,093,601158,870232,442263,752117,41771,159105,566110,71765,10564,84157,06149,62139,79531,16322,452
total assets6,833,2021,121,900189,228262,853298,499152,826106,977133,227137,29992,55374,70363,93655,76849,18343,76139,311
Bank overdraft11373
Bank loan
Trade Creditors 74,088520,7601,5446,23415,23640,77358,02343,08026,51325,06574,04760,39362,86761,85259,18552,787
Group/Directors Accounts31,1105,37212,2843,0073431,0065,4105,41047,77332,421
other short term finances1,200,000
hp & lease commitments25,806
other current liabilities4,009,521301,41663,204132,835173,81992,32040,19984,58061,11333,077
total current liabilities5,340,525827,54877,032142,076189,398134,099103,632133,081135,39990,93674,04760,39362,86761,85259,18552,787
loans24,90234,85044,48850,000
hp & lease commitments101,954
Accruals and Deferred Income
other liabilities2,6183,8316,5189,273
provisions
total long term liabilities101,95424,90234,85044,48850,0002,6183,8316,5189,273
total liabilities5,442,479852,450111,882186,564239,398134,099103,632133,081135,39990,93674,04760,39365,48565,68365,70362,060
net assets1,390,723269,45077,34676,28959,10118,7273,3451461,9001,6176563,543-9,717-16,500-21,942-22,749
total shareholders funds1,390,723269,45077,34676,28959,10118,7273,3451461,9001,6176563,543-9,717-16,500-21,942-22,749
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,533,663249,7222,77423,87851,27018,6703,602-2,0512811,117-2,97917,1438,8487,2831,069-22,771
Depreciation22,1383,7254,4104,3365,4735,7845,8517443,6974,0132,0811,8825,2215,5956,3956,050
Amortisation
Tax-373,725-64,035-248-4,032-9,470-3,608-750-71-240-3,961-2,142-1,912-314
Stock
Debtors5,056,925626,736-6,6556,12071,4868,16610,974-24,33813,3943,5032,7356,87210,0585,9313,86814,517
Creditors-446,672519,216-4,690-9,002-25,537-17,25014,94316,5671,448-48,98213,654-2,4741,0152,6676,39852,787
Accruals and Deferred Income3,708,105238,212-69,631-40,98481,49952,121-44,38123,46728,03633,077
Deferred Taxes & Provisions
Cash flow from operations-613,416320,104-60,730-31,92431,74947,551-31,70963,06519,997-14,51810,0215,7182,8847,7029,68021,549
Investing Activities
capital expenditure-212,725-1,666-4,357-4,811-5,375-14,008-1,823-2,831-21,599-5,068-2,610-1,980-2,385-2,134-22,909
Change in Investments
cash flow from investments-212,725-1,666-4,357-4,811-5,375-14,008-1,823-2,831-21,599-5,068-2,610-1,980-2,385-2,134-22,909
Financing Activities
Bank loans
Group/Directors Accounts25,738-6,9129,2772,664-663-4,404-42,36315,35232,421
Other Short Term Loans 1,200,000
Long term loans-24,902-9,948-9,638-5,51250,000
Hire Purchase and Lease Commitments127,760
other long term liabilities-2,618-1,213-2,687-2,7559,273
share issue982
interest-38,7646,416-1,470-2,658-1,4263203482977284927877715220
cash flow from financing1,289,930-10,444-1,831-5,50647,911-4,084348-42,06615,42432,50592-2,540-1,136-2,616-2,7039,295
cash and cash equivalents
cash463,790307,995-66,917-37,43074,84938,092-45,38119,18732,218-3,2395,045568-2322,7014,8437,935
overdraft-1111-373373
change in cash463,790307,995-66,917-37,43074,84938,092-45,37019,17632,591-3,6125,045568-2322,7014,8437,935

connect lettings and management limited 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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Connect Lettings And Management Limited Competitor Analysis

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Perform a competitor analysis for connect lettings and management limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N14 area or any other competitors across 12 key performance metrics.

connect lettings and management limited Ownership

CONNECT LETTINGS AND MANAGEMENT LIMITED group structure

Connect Lettings And Management Limited has no subsidiary companies.

Ultimate parent company

CONNECT LETTINGS AND MANAGEMENT LIMITED

03900592

CONNECT LETTINGS AND MANAGEMENT LIMITED Shareholders

olga philippou 25%
tony philippou 25%
christopher tony philippou 20%
andrew tony philippou 10%
harry tony philippou 10%
mario tony philippou 10%

connect lettings and management limited directors

Connect Lettings And Management Limited currently has 6 directors. The longest serving directors include Mr Tony Philippou (Dec 1999) and Mrs Olga Philippou (Oct 2024).

officercountryagestartendrole
Mr Tony PhilippouEngland57 years Dec 1999- Director
Mrs Olga PhilippouEngland56 years Oct 2024- Director
Mr Harry PhilippouEngland25 years Nov 2024- Director
Mr Andrew PhilippouEngland33 years Nov 2024- Director
Mr Christopher PhilippouEngland38 years Nov 2024- Director
Mr Mario PhilippouEngland35 years Nov 2024- Director

P&L

December 2024

turnover

984.7k

-64%

operating profit

1.5m

0%

gross margin

70.9%

+3.06%

turnover

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

Balance Sheet

December 2024

net assets

1.4m

+4.16%

total assets

6.8m

+5.09%

cash

804k

+1.36%

net assets

Total assets minus all liabilities

connect lettings and management limited company details

company number

03900592

Type

Private limited with Share Capital

industry

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

incorporation date

December 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2024

previous names

N/A

accountant

FREEMANS PARTNERSHIP LLP

auditor

-

address

fourth floor, chase house, 305 chase road, london, N14 6JS

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

connect lettings and management 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 did not find charges/mortgages relating to connect lettings and management limited.

connect lettings and management 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.

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connect lettings and management limited Companies House Filings - See Documents

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