reed property limited
reed property limited Company Information
Company Number
03918907
Website
www.reedproperty.com.auRegistered Address
academy court 94 chancery lane, london, WC2A 1DT
Industry
Buying and selling of own real estate
Management of real estate on a fee or contract basis
Telephone
01217133529
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
reed global limited 100%
reed property limited Estimated Valuation
Pomanda estimates the enterprise value of REED PROPERTY LIMITED at £5.2m based on a Turnover of £1.9m and 2.77x industry multiple (adjusted for size and gross margin).
reed property limited Estimated Valuation
Pomanda estimates the enterprise value of REED PROPERTY LIMITED at £6.1m based on an EBITDA of £776k and a 7.8x industry multiple (adjusted for size and gross margin).
reed property limited Estimated Valuation
Pomanda estimates the enterprise value of REED PROPERTY LIMITED at £375.8k based on Net Assets of £232k and 1.62x industry multiple (adjusted for liquidity).
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Reed Property Limited Overview
Reed Property Limited is a live company located in london, WC2A 1DT with a Companies House number of 03918907. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 2000, it's largest shareholder is reed global limited with a 100% stake. Reed Property Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.
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Reed Property Limited Health Check
Pomanda's financial health check has awarded Reed Property Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
1 Weak
Size
annual sales of £1.9m, make it larger than the average company (£949.4k)
£1.9m - Reed Property Limited
£949.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (3.2%)
31% - Reed Property Limited
3.2% - Industry AVG
Production
with a gross margin of 80.7%, this company has a lower cost of product (60.2%)
80.7% - Reed Property Limited
60.2% - Industry AVG
Profitability
an operating margin of 40.6% make it more profitable than the average company (19.7%)
40.6% - Reed Property Limited
19.7% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (7)
- Reed Property Limited
7 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Reed Property Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £314.8k, this is more efficient (£146.7k)
- Reed Property Limited
£146.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Reed Property Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (31 days)
44 days - Reed Property Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reed Property Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Reed Property Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.1%, this is a higher level of debt than the average (70.5%)
99.1% - Reed Property Limited
70.5% - Industry AVG
REED PROPERTY LIMITED financials
Reed Property Limited's latest turnover from June 2023 is £1.9 million and the company has net assets of £232 thousand. According to their latest financial statements, we estimate that Reed Property Limited has 6 employees and maintains cash reserves of 0 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 | 1,889,000 | 1,110,000 | 1,020,000 | 847,000 | 395,000 | 400,000 | 371,000 | 373,000 | 359,000 | 407,000 | 1,073,000 | 1,056,000 | 1,051,000 | 1,675,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 364,000 | 312,000 | 519,000 | 590,000 | 7,000 | 10,000 | 54,000 | 70,000 | 70,000 | 87,000 | 623,000 | 821,000 | 850,000 | 876,000 |
| Gross Profit | 1,525,000 | 798,000 | 501,000 | 257,000 | 388,000 | 390,000 | 317,000 | 303,000 | 289,000 | 320,000 | 450,000 | 235,000 | 201,000 | 799,000 |
| Admin Expenses | 758,000 | 207,000 | 342,000 | 407,000 | 101,000 | 60,000 | 36,000 | 12,000 | -40,000 | -422,000 | 104,000 | 50,000 | 288,000 | 197,000 |
| Operating Profit | 767,000 | 591,000 | 159,000 | -150,000 | 287,000 | 330,000 | 281,000 | 291,000 | 329,000 | 742,000 | 346,000 | 185,000 | -87,000 | 602,000 |
| Interest Payable | 0 | 0 | 0 | 56,000 | 48,000 | 20,000 | 11,000 | 23,000 | 24,000 | 29,000 | 37,000 | 24,000 | 27,000 | 42,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -5,545,000 | -2,065,000 | 4,506,000 | 536,000 | 209,000 | 426,000 | 270,000 | 268,000 | 305,000 | 713,000 | 309,000 | 161,000 | -114,000 | 529,000 |
| Tax | 1,381,000 | 484,000 | -1,469,000 | -206,000 | -57,000 | -66,000 | -100,000 | -58,000 | -64,000 | -84,000 | -69,000 | -234,000 | 31,000 | -162,000 |
| Profit After Tax | -4,164,000 | -1,581,000 | 3,037,000 | 330,000 | 152,000 | 360,000 | 170,000 | 210,000 | 241,000 | 629,000 | 240,000 | -73,000 | -83,000 | 367,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,164,000 | -1,581,000 | 3,037,000 | 330,000 | 152,000 | 360,000 | 170,000 | 210,000 | 241,000 | 629,000 | 240,000 | -73,000 | -83,000 | 367,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 196,000 | |||||||||
| Number Of Employees | 7 | |||||||||||||
| EBITDA* | 776,000 | 602,000 | 159,000 | -120,000 | 294,000 | 341,000 | 338,000 | 361,000 | 399,000 | 811,000 | 416,000 | 256,000 | -17,000 | 689,000 |
* 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 | 1,677,000 | 1,082,000 | 1,090,000 | 1,098,000 | 1,128,000 | 7,135,000 | 7,146,000 | 3,231,000 | 3,301,000 | 3,371,000 | 3,440,000 | 3,510,000 | 3,581,000 | 3,650,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 23,075,000 | 19,189,000 | 23,752,000 | 16,396,000 | 14,127,000 | 1,534,000 | 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 | 24,752,000 | 20,271,000 | 24,842,000 | 17,494,000 | 15,255,000 | 8,669,000 | 7,146,000 | 3,231,000 | 3,301,000 | 3,371,000 | 3,440,000 | 3,510,000 | 3,581,000 | 3,650,000 |
| Stock & work in progress | 0 | 0 | 9,000 | 9,000 | 7,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 0 | 120,000 | 47,000 | 27,000 | 82,000 | 56,000 |
| Group Debtors | 213,000 | 1,387,000 | 730,000 | 330,000 | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 30,000 | 19,000 |
| Misc Debtors | 110,000 | 41,000 | 1,107,000 | 91,000 | 37,000 | 3,000 | 5,000 | 41,000 | 36,000 | 23,000 | 108,000 | 251,000 | 279,000 | 289,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 36,000 | 5,000 | 5,000 | 0 | 71,000 | 10,000 | 0 | 36,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 323,000 | 1,428,000 | 1,846,000 | 430,000 | 80,000 | 3,000 | 41,000 | 53,000 | 41,000 | 143,000 | 226,000 | 296,000 | 391,000 | 400,000 |
| total assets | 25,075,000 | 21,699,000 | 26,688,000 | 17,924,000 | 15,335,000 | 8,672,000 | 7,187,000 | 3,284,000 | 3,342,000 | 3,514,000 | 3,666,000 | 3,806,000 | 3,972,000 | 4,050,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 | 0 | 0 | 7,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 44,000 | 82,000 | 126,000 | 51,000 | 9,000 | 19,000 | 51,000 | 28,000 | 42,000 | 11,000 | 14,000 | 3,000 | 7,000 | 21,000 |
| Group/Directors Accounts | 24,059,000 | 14,938,000 | 17,444,000 | 13,592,000 | 11,884,000 | 5,386,000 | 4,215,000 | 4,449,000 | 4,697,000 | 5,036,000 | 5,612,000 | 5,584,000 | 5,142,000 | 4,473,000 |
| 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 | 740,000 | 853,000 | 1,033,000 | 456,000 | 832,000 | 134,000 | 148,000 | 176,000 | 182,000 | 268,000 | 265,000 | 294,000 | 585,000 | 632,000 |
| total current liabilities | 24,843,000 | 15,873,000 | 18,603,000 | 14,099,000 | 12,725,000 | 5,539,000 | 4,414,000 | 4,653,000 | 4,921,000 | 5,326,000 | 5,891,000 | 5,881,000 | 5,741,000 | 5,126,000 |
| 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 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,430,000 | 2,108,000 | 885,000 | 0 | 0 | 0 | 0 | 0 | 8,000 | 224,000 | 614,000 | 847,000 | 1,457,000 |
| total long term liabilities | 0 | 1,430,000 | 2,108,000 | 885,000 | 0 | 0 | 0 | 0 | 0 | 8,000 | 224,000 | 614,000 | 847,000 | 1,457,000 |
| total liabilities | 24,843,000 | 17,303,000 | 20,711,000 | 14,984,000 | 12,725,000 | 5,539,000 | 4,414,000 | 4,653,000 | 4,921,000 | 5,334,000 | 6,115,000 | 6,495,000 | 6,588,000 | 6,583,000 |
| net assets | 232,000 | 4,396,000 | 5,977,000 | 2,940,000 | 2,610,000 | 3,133,000 | 2,773,000 | -1,369,000 | -1,579,000 | -1,820,000 | -2,449,000 | -2,689,000 | -2,616,000 | -2,533,000 |
| total shareholders funds | 232,000 | 4,396,000 | 5,977,000 | 2,940,000 | 2,610,000 | 3,133,000 | 2,773,000 | -1,369,000 | -1,579,000 | -1,820,000 | -2,449,000 | -2,689,000 | -2,616,000 | -2,533,000 |
| 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 | 767,000 | 591,000 | 159,000 | -150,000 | 287,000 | 330,000 | 281,000 | 291,000 | 329,000 | 742,000 | 346,000 | 185,000 | -87,000 | 602,000 |
| Depreciation | 9,000 | 11,000 | 0 | 30,000 | 7,000 | 11,000 | 57,000 | 70,000 | 70,000 | 69,000 | 70,000 | 71,000 | 70,000 | 87,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,381,000 | 484,000 | -1,469,000 | -206,000 | -57,000 | -66,000 | -100,000 | -58,000 | -64,000 | -84,000 | -69,000 | -234,000 | 31,000 | -162,000 |
| Stock | 0 | -9,000 | 0 | 2,000 | 7,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,105,000 | -409,000 | 1,416,000 | 348,000 | 70,000 | -2,000 | -43,000 | 12,000 | -107,000 | -12,000 | -131,000 | -105,000 | 27,000 | 364,000 |
| Creditors | -38,000 | -44,000 | 75,000 | 42,000 | -10,000 | -32,000 | 23,000 | -14,000 | 31,000 | -3,000 | 11,000 | -4,000 | -14,000 | 21,000 |
| Accruals and Deferred Income | -113,000 | -180,000 | 577,000 | -376,000 | 698,000 | -14,000 | -28,000 | -6,000 | -86,000 | 3,000 | -29,000 | -291,000 | -47,000 | 632,000 |
| Deferred Taxes & Provisions | -1,430,000 | -678,000 | 1,223,000 | 885,000 | 0 | 0 | 0 | 0 | -8,000 | -216,000 | -390,000 | -233,000 | -610,000 | 1,457,000 |
| Cash flow from operations | 1,681,000 | 602,000 | -851,000 | -125,000 | 848,000 | 231,000 | 276,000 | 271,000 | 379,000 | 523,000 | 70,000 | -401,000 | -684,000 | 2,273,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 3,886,000 | -4,563,000 | 7,356,000 | 2,269,000 | 12,593,000 | 1,534,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,121,000 | -2,506,000 | 3,852,000 | 1,708,000 | 6,498,000 | 1,171,000 | -234,000 | -248,000 | -339,000 | -576,000 | 28,000 | 442,000 | 669,000 | 4,473,000 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | -56,000 | -48,000 | -20,000 | -11,000 | -23,000 | -24,000 | -29,000 | -37,000 | -24,000 | -27,000 | -42,000 |
| cash flow from financing | 9,121,000 | -2,506,000 | 3,852,000 | 1,652,000 | 5,775,000 | 1,151,000 | 3,727,000 | -271,000 | -363,000 | -605,000 | -9,000 | 418,000 | 642,000 | 1,531,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -36,000 | 31,000 | 0 | 5,000 | -71,000 | 61,000 | 10,000 | -36,000 | 36,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,000 | 11,000 | 0 | -7,000 | 7,000 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -36,000 | 31,000 | 0 | 16,000 | -82,000 | 61,000 | 17,000 | -43,000 | 36,000 |
reed property limited Credit Report and Business Information
Reed Property Limited Competitor Analysis
Perform a competitor analysis for reed property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WC2A area or any other competitors across 12 key performance metrics.
reed property limited Ownership
REED PROPERTY LIMITED group structure
Reed Property Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
REED PROPERTY LIMITED
03918907
4 subsidiaries
reed property limited directors
Reed Property Limited currently has 3 directors. The longest serving directors include Mr James Reed (Mar 2000) and Mr Lewis Crowther (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Reed | 61 years | Mar 2000 | - | Director | |
| Mr Lewis Crowther | England | 39 years | Dec 2022 | - | Director |
| Mr Timothy Crowther | 39 years | Dec 2022 | - | Director |
P&L
June 2023turnover
1.9m
+70%
operating profit
767k
+30%
gross margin
80.8%
+12.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
232k
-0.95%
total assets
25.1m
+0.16%
cash
0
0%
net assets
Total assets minus all liabilities
reed property limited company details
company number
03918907
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2000
age
24
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
trushelfco (no.2597) limited (March 2000)
incorporated
UK
address
academy court 94 chancery lane, london, WC2A 1DT
last accounts submitted
June 2023
reed property 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 reed property limited.
reed property limited Companies House Filings - See Documents
| date | description | view/download |
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