abstract securities limited
abstract securities limited Company Information
Company Number
03949990
Next Accounts
Sep 2025
Industry
Management of real estate on a fee or contract basis
Activities of head offices
Shareholders
john alexander charles kirkland
mark lewis glatman
View AllGroup Structure
View All
Contact
Registered Address
10 rose and crown yard, king street, london, SW1Y 6RE
Website
www.abstractsecurities.comabstract securities limited Estimated Valuation
Pomanda estimates the enterprise value of ABSTRACT SECURITIES LIMITED at £16.4m based on a Turnover of £13.9m and 1.18x industry multiple (adjusted for size and gross margin).
abstract securities limited Estimated Valuation
Pomanda estimates the enterprise value of ABSTRACT SECURITIES LIMITED at £0 based on an EBITDA of £-2.1m and a 4.15x industry multiple (adjusted for size and gross margin).
abstract securities limited Estimated Valuation
Pomanda estimates the enterprise value of ABSTRACT SECURITIES LIMITED at £18.8m based on Net Assets of £9.6m and 1.96x industry multiple (adjusted for liquidity).
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Abstract Securities Limited Overview
Abstract Securities Limited is a live company located in london, SW1Y 6RE with a Companies House number of 03949990. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in March 2000, it's largest shareholder is john alexander charles kirkland with a 50% stake. Abstract Securities Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.9m with rapid growth in recent years.
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Abstract Securities Limited Health Check
Pomanda's financial health check has awarded Abstract Securities Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £13.9m, make it larger than the average company (£10.3m)
£13.9m - Abstract Securities Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (5.9%)
68% - Abstract Securities Limited
5.9% - Industry AVG
Production
with a gross margin of 6.5%, this company has a higher cost of product (51.5%)
6.5% - Abstract Securities Limited
51.5% - Industry AVG
Profitability
an operating margin of -15.4% make it less profitable than the average company (6.2%)
-15.4% - Abstract Securities Limited
6.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (59)
9 - Abstract Securities Limited
59 - Industry AVG
Pay Structure
on an average salary of £238k, the company has a higher pay structure (£46.1k)
£238k - Abstract Securities Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£155k)
£1.5m - Abstract Securities Limited
£155k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (47 days)
105 days - Abstract Securities Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (36 days)
1 days - Abstract Securities Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Abstract Securities Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (31 weeks)
39 weeks - Abstract Securities Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.7%, this is a lower level of debt than the average (55.3%)
33.7% - Abstract Securities Limited
55.3% - Industry AVG
ABSTRACT SECURITIES LIMITED financials
Abstract Securities Limited's latest turnover from December 2023 is £13.9 million and the company has net assets of £9.6 million. According to their latest financial statements, Abstract Securities Limited has 9 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,927,611 | 73,079,494 | 1,493,568 | 2,917,726 | 32,909,716 | 10,839,774 | 25,896,850 | 18,997,349 | 6,555,487 | 16,268,642 | 35,429,636 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 13,025,821 | 65,487,015 | 1,293,698 | 2,148,037 | 28,731,152 | 7,828,025 | 20,505,771 | 15,092,073 | 2,587,476 | 5,200,791 | 23,652,546 | ||||
| Gross Profit | 901,790 | 7,592,479 | 199,870 | 769,689 | 4,178,564 | 3,011,749 | 5,391,079 | 3,905,276 | 3,968,011 | 11,067,851 | 11,777,090 | ||||
| Admin Expenses | 3,048,382 | 4,557,473 | 3,485,444 | 3,213,352 | 3,801,568 | 4,234,308 | 3,990,415 | 3,223,665 | 3,905,088 | 5,061,384 | 6,442,342 | ||||
| Operating Profit | -2,146,592 | 3,035,006 | -3,285,574 | -2,443,663 | 376,996 | -1,222,559 | 1,400,664 | 681,611 | 62,923 | 6,006,467 | 5,334,748 | ||||
| Interest Payable | 37,629 | 27,040 | 18,353 | 19,109 | 22,400 | 21,466 | 267,090 | 43,583 | 24,526 | 4,650 | 29,510 | ||||
| Interest Receivable | 157,968 | 24,878 | 6,007,372 | 321,514 | 14,493 | 566,307 | 2,512,265 | 63,012 | 96,873 | 84,889 | 27,679 | ||||
| Pre-Tax Profit | -2,026,253 | 3,032,844 | 3,078,445 | -2,141,258 | 369,089 | -677,718 | 3,645,839 | 1,189,953 | 122,186 | 7,863,239 | 5,337,314 | ||||
| Tax | 416,153 | -218,819 | -551,332 | -29,693 | 0 | 4 | -292,488 | -110,891 | -20,020 | -1,323,870 | -703,395 | ||||
| Profit After Tax | -1,610,100 | 2,814,025 | 2,527,113 | -2,170,951 | 369,089 | -677,714 | 3,353,351 | 1,079,062 | 102,166 | 6,539,369 | 4,633,919 | ||||
| Dividends Paid | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 3,500,000 | 2,250,000 | 2,300,000 | 0 | ||||
| Retained Profit | -1,610,100 | 2,314,025 | 2,527,113 | -2,170,951 | 369,089 | -677,714 | 3,353,351 | -2,420,938 | -2,147,834 | 4,239,369 | 4,633,919 | ||||
| Employee Costs | 2,141,733 | 2,778,368 | 2,259,059 | 2,244,128 | 2,685,967 | 3,105,480 | 2,893,507 | 2,204,332 | 2,641,909 | 3,825,078 | 2,894,412 | ||||
| Number Of Employees | 9 | 10 | 12 | 12 | 12 | 13 | 13 | 13 | 14 | 12 | 11 | ||||
| EBITDA* | -2,131,527 | 3,051,547 | -3,267,942 | -2,424,593 | 397,015 | -1,206,287 | 1,420,635 | 705,733 | 96,699 | 6,038,940 | 5,367,090 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,669 | 19,929 | 24,253 | 34,327 | 31,412 | 11,827 | 17,561 | 20,526 | 33,028 | 51,545 | 65,124 | 78,959 | 106,269 | 137,864 | 170,024 |
| Intangible Assets | 10,037 | 15,057 | 20,077 | 25,097 | 30,117 | 35,137 | 40,157 | 45,177 | 50,197 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,248,020 | 4,248,020 | 4,248,020 | 3,873,020 | 3,873,043 | 4,361,042 | 5,250,042 | 2,197,563 | 1,099,938 | 494,039 | 592,506 | 2,401 | 2,401 | 2,361 | 2,361 |
| Debtors (Due After 1 year) | 743,964 | 500,001 | 712,500 | 713,525 | 500,000 | 500,000 | 1,490,067 | 500,000 | 0 | 0 | 0 | 2,404,318 | 2,177,721 | 3,542,675 | 3,442,675 |
| Total Fixed Assets | 5,023,690 | 4,783,007 | 5,004,850 | 4,645,969 | 4,434,572 | 4,908,006 | 6,797,827 | 2,763,266 | 1,183,163 | 545,584 | 657,630 | 2,485,678 | 2,286,391 | 3,682,900 | 3,615,060 |
| Stock & work in progress | 0 | 0 | 30,827,276 | 15,566,493 | 1,000,000 | 17,425,765 | 4,438,621 | 5,117,063 | 0 | 0 | 4,592,268 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,019,128 | 1,213,853 | 13,860 | 538,416 | 229,852 | 84,012 | 186,027 | 3,406,466 | 282,462 | 162,851 | 313,497 | 1,314,534 | 411,025 | 499,559 | 751,742 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000 | 31,600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,374,229 | 3,345,602 | 3,603,545 | 1,648,301 | 1,033,504 | 688,639 | 1,326,243 | 2,479,686 | 2,025,370 | 3,558,954 | 947,040 | 0 | 0 | 0 | 19,774 |
| Cash | 3,085,645 | 9,612,271 | 7,919,522 | 2,976,783 | 3,455,754 | 5,359,831 | 2,553,685 | 2,276,845 | 6,920,464 | 8,711,787 | 1,026,350 | 16,930 | 354,135 | 2,159,446 | 925,931 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,078,870 |
| total current assets | 9,479,002 | 14,171,726 | 42,364,203 | 20,729,993 | 5,719,110 | 23,558,247 | 8,504,576 | 13,302,060 | 9,259,896 | 12,433,592 | 6,879,155 | 1,331,464 | 765,160 | 2,659,005 | 3,776,317 |
| total assets | 14,502,692 | 18,954,733 | 47,369,053 | 25,375,962 | 10,153,682 | 28,466,253 | 15,302,403 | 16,065,326 | 10,443,059 | 12,979,176 | 7,536,785 | 3,817,142 | 3,051,551 | 6,341,905 | 7,391,377 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 550,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 640,000 | 640,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 57,810 | 69,659 | 100,212 | 606,165 | 56,342 | 33,969 | 81,020 | 1,710,812 | 665,059 | 69,365 | 324,516 | 366,337 | 135,060 | 137,427 | 2,149,153 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,031,504 | 6,861,596 | 4,564,043 | 11,609,203 | 776,099 | 19,480,132 | 5,591,517 | 2,977,999 | 1,252,005 | 2,835,162 | 1,526,991 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,089,314 | 6,931,255 | 5,304,255 | 12,855,368 | 832,441 | 19,514,101 | 5,672,537 | 4,688,811 | 2,467,064 | 2,904,527 | 1,851,507 | 366,337 | 135,060 | 137,427 | 2,149,153 |
| loans | 490,000 | 490,000 | 0 | 0 | 640,000 | 640,000 | 640,000 | 640,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 32,845,345 | 5,979,586 | 0 | 0 | 0 | 5,100,000 | 0 | 0 | 0 | 3,255,479 | 2,250,000 | 3,850,000 | 3,850,000 |
| provisions | 312,688 | 312,688 | 312,688 | 161,356 | 130,638 | 130,638 | 130,638 | 130,638 | 49,180 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 802,688 | 802,688 | 33,158,033 | 6,140,942 | 770,638 | 770,638 | 770,638 | 5,870,638 | 49,180 | 0 | 0 | 3,255,479 | 2,250,000 | 3,850,000 | 3,850,000 |
| total liabilities | 4,892,002 | 7,733,943 | 38,462,288 | 18,996,310 | 1,603,079 | 20,284,739 | 6,443,175 | 10,559,449 | 2,516,244 | 2,904,527 | 1,851,507 | 3,621,816 | 2,385,060 | 3,987,427 | 5,999,153 |
| net assets | 9,610,690 | 11,220,790 | 8,906,765 | 6,379,652 | 8,550,603 | 8,181,514 | 8,859,228 | 5,505,877 | 7,926,815 | 10,074,649 | 5,685,278 | 195,326 | 666,491 | 2,354,478 | 1,392,224 |
| total shareholders funds | 9,610,690 | 11,220,790 | 8,906,765 | 6,379,652 | 8,550,603 | 8,181,514 | 8,859,228 | 5,505,877 | 7,926,815 | 10,074,649 | 5,685,278 | 195,326 | 666,491 | 2,354,478 | 1,392,224 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -2,146,592 | 3,035,006 | -3,285,574 | -2,443,663 | 376,996 | -1,222,559 | 1,400,664 | 681,611 | 62,923 | 6,006,467 | 5,334,748 | ||||
| Depreciation | 10,045 | 11,521 | 12,612 | 14,050 | 14,999 | 11,252 | 14,951 | 19,102 | 33,776 | 32,473 | 32,342 | 31,857 | 37,435 | 46,723 | 0 |
| Amortisation | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 416,153 | -218,819 | -551,332 | -29,693 | 0 | 4 | -292,488 | -110,891 | -20,020 | -1,323,870 | -703,395 | ||||
| Stock | 0 | -30,827,276 | 15,260,783 | 14,566,493 | -16,425,765 | 12,987,144 | -678,442 | 5,117,063 | 0 | -4,592,268 | 4,592,268 | 0 | 0 | 0 | 0 |
| Debtors | 2,077,865 | 729,551 | 1,429,663 | 1,136,886 | 490,705 | -1,729,686 | -3,405,815 | 4,068,720 | -1,382,373 | 2,461,268 | -2,458,315 | 1,130,106 | -1,453,488 | -171,957 | 4,214,191 |
| Creditors | -11,849 | -30,553 | -505,953 | 549,823 | 22,373 | -47,051 | -1,629,792 | 1,045,753 | 595,694 | -255,151 | -41,821 | 231,277 | -2,367 | -2,011,726 | 2,149,153 |
| Accruals and Deferred Income | -2,830,092 | 2,297,553 | -7,045,160 | 10,833,104 | -18,704,033 | 13,888,615 | 2,613,518 | 1,725,994 | -1,583,157 | 1,308,171 | 1,526,991 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 151,332 | 30,718 | 0 | 0 | 0 | 81,458 | 49,180 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,635,180 | 35,197,453 | -27,909,501 | -6,744,020 | -2,349,585 | 1,377,823 | 6,196,130 | -5,737,736 | 520,769 | 7,899,090 | 4,014,912 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -6,118 | -602,015 | -604,166 | -290,418 | -19,361 | 252,067 | ||||
| Change in Investments | 0 | 0 | 375,000 | -23 | -487,999 | -889,000 | 3,052,479 | 1,097,625 | 605,899 | -98,467 | 590,105 | 0 | 40 | 0 | 2,361 |
| cash flow from investments | 0 | 0 | -375,000 | 23 | 487,999 | 882,882 | -3,654,494 | -1,701,791 | -896,317 | 79,106 | -338,038 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -640,000 | 0 | 640,000 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 490,000 | 0 | -640,000 | 0 | 0 | 0 | 640,000 | 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 | 0 |
| other long term liabilities | 0 | -32,845,345 | 26,865,759 | 5,979,586 | 0 | 0 | -5,100,000 | 5,100,000 | 0 | 0 | -3,255,479 | 1,005,479 | -1,600,000 | 0 | 3,850,000 |
| share issue | |||||||||||||||
| interest | 120,339 | -2,162 | 5,989,019 | 302,405 | -7,907 | 544,841 | 2,245,175 | 19,429 | 72,347 | 80,239 | -1,831 | ||||
| cash flow from financing | 120,339 | -32,997,507 | 32,854,778 | 6,281,991 | -7,907 | 544,841 | -2,854,825 | 5,759,429 | 72,347 | 230,241 | -2,401,277 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -6,526,626 | 1,692,749 | 4,942,739 | -478,971 | -1,904,077 | 2,806,146 | 276,840 | -4,643,619 | -1,791,323 | 7,685,437 | 1,009,420 | -337,205 | -1,805,311 | 1,233,515 | 925,931 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -550,000 | 550,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,526,626 | 1,692,749 | 4,942,739 | -478,971 | -1,904,077 | 2,806,146 | 276,840 | -4,093,619 | -2,341,323 | 7,685,437 | 1,009,420 | -337,205 | -1,805,311 | 1,233,515 | 925,931 |
abstract securities limited Credit Report and Business Information
Abstract Securities Limited Competitor Analysis
Perform a competitor analysis for abstract securities limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
abstract securities limited Ownership
ABSTRACT SECURITIES LIMITED group structure
Abstract Securities Limited has 6 subsidiary companies.
Ultimate parent company
ABSTRACT SECURITIES LIMITED
03949990
6 subsidiaries
abstract securities limited directors
Abstract Securities Limited currently has 4 directors. The longest serving directors include Mr Mark Glatman (Mar 2000) and Mrs Stephanie Miles (Jul 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Glatman | 68 years | Mar 2000 | - | Director | |
| Mrs Stephanie Miles | 52 years | Jul 2004 | - | Director | |
| Mr Christopher McPherson | England | 61 years | Nov 2011 | - | Director |
| Mr John Kirkland | 44 years | Feb 2014 | - | Director |
P&L
December 2023turnover
13.9m
-81%
operating profit
-2.1m
-171%
gross margin
6.5%
-37.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.6m
-0.14%
total assets
14.5m
-0.23%
cash
3.1m
-0.68%
net assets
Total assets minus all liabilities
abstract securities limited company details
company number
03949990
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
70100 - Activities of head offices
incorporation date
March 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
AZETS AUDIT SERVICES
address
10 rose and crown yard, king street, london, SW1Y 6RE
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
PINSENT MASONS LLP
abstract securities 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 found 2 charges/mortgages relating to abstract securities limited. Currently there are 0 open charges and 2 have been satisfied in the past.
abstract securities 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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abstract securities limited Companies House Filings - See Documents
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