Step One Properties Ltd

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step one properties ltd Company Information

Company Number

04031172

Next Accounts

Dec 2025

Directors

Leonidas Bibonas

Stella Bibonas

Shareholders

leonidas bibonas

george bibonas

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Group Structure

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Industry

Management of real estate on a fee or contract basis

Registered Address

286b chase road, southgate, london, N14 6HF

Website

steponeproperties.com

step one properties ltd Estimated Valuation

£976.2k

Pomanda estimates the enterprise value of STEP ONE PROPERTIES LTD at £976.2k based on a Turnover of £479.7k and 2.03x industry multiple (adjusted for size and gross margin).

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Step One Properties Ltd is a live company located in london, N14 6HF with a Companies House number of 04031172. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in July 2000, it's largest shareholder is leonidas bibonas with a 25% stake. Step One Properties Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £479.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Step One Properties Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £479.7k, make it smaller than the average company (£716.4k)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.7%)

EXPORT

Step One Properties Ltd's latest turnover from March 2024 is estimated at £479.7 thousand and the company has net assets of £271 thousand. According to their latest financial statements, we estimate that Step One Properties Ltd has 2 employees and maintains cash reserves of £32.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	479,717	478,638	449,178	605,594	673,855	603,469	58,769	48,135	53,729	76,392	87,144	64,790	0	0	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	358,111	356,069	337,536	461,616	512,917	450,766	0	0	39,923	59,060	68,316	51,515	0	0	0	0
Gross Profit	121,606	122,569	111,642	143,977	160,938	152,703	58,769	48,135	13,806	17,332	18,828	13,275	0	0	0	0
Admin Expenses	100,359	122,626	126,022	139,619	147,428	116,780	94,584	24,658	24,573	-10,143	16,103	-10,698	-30,494	-31,601	-25,976	-114,396
Operating Profit	21,247	-57	-14,380	4,358	13,510	35,923	-35,815	23,477	-10,767	27,475	2,725	23,973	30,494	31,601	25,976	114,396
Interest Payable	0	0	0	0	20,247	41,305	27,221	20,844	0	0	0	12,741	25,396	14,570	5,452	3,536
Interest Receivable	1,113	340	88	11	15	460	0	0	0	0	0	0	0	67	101	34
Pre-Tax Profit	22,360	283	-14,292	4,369	-6,722	-4,922	223,062	2,633	-10,767	27,475	2,725	11,232	5,099	17,097	20,625	110,894
Tax	-5,590	-54	0	-830	0	0	-42,416	-584	0	-5,770	-627	-2,696	-1,326	-4,445	-5,775	-31,050
Profit After Tax	16,770	229	-14,292	3,539	-6,722	-4,922	180,646	2,049	-10,767	21,705	2,098	8,536	3,773	12,652	14,850	79,844
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,770	229	-14,292	3,539	-6,722	-4,922	180,646	2,049	-10,767	21,705	2,098	8,536	3,773	12,652	14,850	79,844
Employee Costs	73,964	69,895	68,593	65,199	100,146	66,003	31,074	30,756	33,145	31,390	31,126	29,613	0	0	0	0
Number Of Employees	2	2	2	2	3	2	1	1	1	1	1	1	0	0	0	0
EBITDA*	21,852	699	-13,434	5,540	14,988	37,770	-33,506	26,363	-10,767	27,475	2,725	23,973	30,494	31,601	25,976	114,396

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	818,726	748,209	748,965	686,125	687,307	688,785	573,352	736,612	696,901	550,381	550,381	550,381	550,381	550,381	183,293	183,293
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	818,726	748,209	748,965	686,125	687,307	688,785	573,352	736,612	696,901	550,381	550,381	550,381	550,381	550,381	183,293	183,293
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	157,893	174,735	172,571	236,689	243,507	222,805	0	0	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	224,866	0	0	0	0	0	0	0	0	0
Cash	32,134	10,264	5,745	17,644	4,814	25,624	97,003	0	0	0	0	0	0	0	26,657	13,772
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	190,027	184,999	178,316	254,333	248,321	248,429	321,869	0	0	0	0	0	0	0	26,657	13,772
total assets	1,008,753	933,208	927,281	940,458	935,628	937,214	895,221	736,612	696,901	550,381	550,381	550,381	550,381	550,381	209,950	197,065
Bank overdraft	0	0	0	0	0	0	0	83,118	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	17,321	14,638	0	0
Trade Creditors	19,069	4,965	8,685	4,291	2,972	1,913	0	0	52,821	60,364	65,246	55,004	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	2,001	50,363	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	56,834	11,818	0	0	0	0	46,219	52,675	55,306	7,418
total current liabilities	19,069	4,965	8,685	4,291	2,972	1,913	58,835	145,299	52,821	60,364	65,246	55,004	63,540	67,313	55,306	7,418
loans	0	0	0	0	0	663,837	560,000	475,573	0	0	0	0	374,722	374,722	58,950	108,803
hp & lease commitments	0	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	0
other liabilities	718,696	674,025	664,607	667,886	667,914	0	0	0	510,389	345,559	362,382	374,722	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	718,696	674,025	664,607	667,886	667,914	663,837	560,000	475,573	510,389	345,559	362,382	374,722	374,722	374,722	58,950	108,803
total liabilities	737,765	678,990	673,292	672,177	670,886	665,750	618,835	620,872	563,210	405,923	427,628	429,726	438,262	442,035	114,256	116,221
net assets	270,988	254,218	253,989	268,281	264,742	271,464	276,386	115,740	133,691	144,458	122,753	120,655	112,119	108,346	95,694	80,844
total shareholders funds	270,988	254,218	253,989	268,281	264,742	271,464	276,386	115,740	133,691	144,458	122,753	120,655	112,119	108,346	95,694	80,844

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	21,247	-57	-14,380	4,358	13,510	35,923	-35,815	23,477	-10,767	27,475	2,725	23,973	30,494	31,601	25,976	114,396
Depreciation	605	756	946	1,182	1,478	1,847	2,309	2,886	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,590	-54	0	-830	0	0	-42,416	-584	0	-5,770	-627	-2,696	-1,326	-4,445	-5,775	-31,050
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-16,842	2,164	-64,118	-6,818	20,702	-2,061	224,866	0	0	0	0	0	0	0	0	0
Creditors	14,104	-3,720	4,394	1,319	1,059	1,913	0	-52,821	-7,543	-4,882	10,242	55,004	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	-56,834	45,016	11,818	0	0	0	-46,219	-6,456	-2,631	47,888	7,418
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	47,208	-5,239	55,078	12,847	-4,655	-15,090	-255,772	-15,224	-18,310	16,823	12,340	30,062	22,712	24,525	68,089	90,764
Investing Activities
capital expenditure	-71,122	0	-63,786	0	0	-117,280	160,951	-42,597	-146,520	0	0	0	0	-367,088	0	-183,293
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-71,122	0	-63,786	0	0	-117,280	160,951	-42,597	-146,520	0	0	0	0	-367,088	0	-183,293
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	-17,321	2,683	14,638	0	0
Group/Directors Accounts	0	0	0	0	0	-2,001	-48,362	50,363	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	0
Long term loans	0	0	0	0	-663,837	103,837	84,427	475,573	0	0	0	-374,722	0	315,772	-49,853	108,803
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	44,671	9,418	-3,279	-28	667,914	0	0	-510,389	164,830	-16,823	-12,340	374,722	0	0	0	0
share issue	0	0	0	0	0	0	-20,000	-20,000	0	0	0	0	0	0	0	1,000
interest	1,113	340	88	11	-20,232	-40,845	-27,221	-20,844	0	0	0	-12,741	-25,396	-14,503	-5,351	-3,502
cash flow from financing	45,784	9,758	-3,191	-17	-16,155	60,991	-11,156	-25,297	164,830	-16,823	-12,340	-30,062	-22,713	315,907	-55,204	106,301
cash and cash equivalents
cash	21,870	4,519	-11,899	12,830	-20,810	-71,379	97,003	0	0	0	0	0	0	-26,657	12,885	13,772
overdraft	0	0	0	0	0	0	-83,118	83,118	0	0	0	0	0	0	0	0
change in cash	21,870	4,519	-11,899	12,830	-20,810	-71,379	180,121	-83,118	0	0	0	0	0	-26,657	12,885	13,772

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for step one properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N14 area or any other competitors across 12 key performance metrics.

STEP ONE PROPERTIES LTD group structure

Step One Properties Ltd has no subsidiary companies.

Ultimate parent company

STEP ONE PROPERTIES LTD

04031172

STEP ONE PROPERTIES LTD Shareholders

leonidas bibonas	25%
george bibonas	25%
stella bibonas	25%
dimitris bibonas	25%

Step One Properties Ltd currently has 2 directors. The longest serving directors include Mr Leonidas Bibonas (Jul 2000) and Mrs Stella Bibonas (Jul 2000).

officer	country	age	start	end	role
Mr Leonidas Bibonas		54 years	Jul 2000	-	Director
Mrs Stella Bibonas		49 years	Jul 2000	-	Director

P&L

March 2024

turnover

479.7k

operating profit

21.2k

gross margin

25.4%

-1.01%

turnover

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

Balance Sheet

March 2024

net assets

271k

+0.07%

total assets

+0.08%

cash

32.1k

+2.13%

net assets

Total assets minus all liabilities

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company number

04031172

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

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

July 2000

ultimate parent company

None

previous names

N/A

address

286b chase road, southgate, london, N14 6HF

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 5 charges/mortgages relating to step one properties ltd. Currently there are 5 open charges and 0 have been satisfied in the past.

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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step one properties ltd Company Information

step one properties ltd Estimated Valuation

step one properties ltd Estimated Valuation

step one properties ltd Estimated Valuation

Step One Properties Ltd Overview

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STEP ONE PROPERTIES LTD financials

step one properties ltd Credit Report and Business Information

Step One Properties Ltd Competitor Analysis

step one properties ltd Ownership

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