Initial Property Co Limited

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initial property co limited Company Information

Company Number

04082617

Next Accounts

Jul 2025

Directors

Barrie Eden

Shareholders

joanna russell

barrie charles eden

Group Structure

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Industry

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

Registered Address

18, wight view 55 marine parade west, lee on the solent, hants, PO13 9XU

Website

initialproperty.co.uk

initial property co limited Estimated Valuation

£473.5k

Pomanda estimates the enterprise value of INITIAL PROPERTY CO LIMITED at £473.5k based on a Turnover of £198k and 2.39x industry multiple (adjusted for size and gross margin).

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Initial Property Co Limited is a live company located in lee on the solent, PO13 9XU with a Companies House number of 04082617. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2000, it's largest shareholder is joanna russell with a 50% stake. Initial Property Co Limited is a mature, micro sized company, Pomanda has estimated its turnover at £198k with rapid growth in recent years.

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Pomanda's financial health check has awarded Initial Property Co Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £198k, make it smaller than the average company (£849.3k)

Growth

3 year (CAGR) sales growth of 80%, show it is growing at a faster rate (2.9%)

EXPORT

Initial Property Co Limited's latest turnover from October 2023 is estimated at £198 thousand and the company has net assets of £66.9 thousand. According to their latest financial statements, Initial Property Co Limited has 1 employee 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	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	198,024	306,268	380,934	33,843	64,331	89,040	123,147	131,906	12,066	11,392	18,835	13,168	34,735	26,553
Other Income Or Grants
Cost Of Sales	138,505	217,985	278,343	24,202	45,724	63,123	84,395	88,897	8,580	8,281	13,996	9,756	25,510	18,714
Gross Profit	59,519	88,283	102,591	9,642	18,607	25,917	38,753	43,009	3,486	3,111	4,839	3,412	9,225	7,839
Admin Expenses	101,744	113,095	6,942	66,120	18,679	21,791	38,753	90,215	-10,086	-3,748	45,180	2,407	10,416	8,674	-252,876
Operating Profit	-42,225	-24,812	95,649	-56,478	-72	4,126		-47,206	13,572	6,859	-40,341	1,005	-1,191	-835	252,876
Interest Payable
Interest Receivable								20	48	20	15	6	6	8	4
Pre-Tax Profit	-42,225	-24,812	95,649	-56,478	-72	4,126		-47,186	13,620	6,878	-40,326	1,011	-1,185	-827	252,881
Tax			-18,173			-784			-2,724	-1,444		-243			-70,807
Profit After Tax	-42,225	-24,812	77,476	-56,478	-72	3,342		-47,186	10,896	5,434	-40,326	768	-1,185	-827	182,074
Dividends Paid
Retained Profit	-42,225	-24,812	77,476	-56,478	-72	3,342		-47,186	10,896	5,434	-40,326	768	-1,185	-827	182,074
Employee Costs	31,920	30,541	28,173	27,414	28,155	26,851	25,702	26,206	26,268	25,017	24,000	24,409	23,783	24,305
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-42,225	-24,812	95,649	-56,478	-72	4,126		-47,206	13,572	6,859	-40,341	1,005	-1,191	-835	252,876

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets				66,860	107,060	100,160	100,160	100,160	151,459	151,459	151,459	209,873	210,049	210,219	210,389
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets				66,860	107,060	100,160	100,160	100,160	151,459	151,459	151,459	209,873	210,049	210,219	210,389
Stock & work in progress
Trade Debtors	70,428	112,643	151,861	4,726	14,744	22,093	29,946	29,946				672
Group Debtors
Misc Debtors
Cash									15,613	3,449	4,530	1,398	869	1,557	1,656
misc current assets
total current assets	70,428	112,643	151,861	4,726	14,744	22,093	29,946	29,946	15,613	3,449	4,530	2,070	869	1,557	1,656
total assets	70,428	112,643	151,861	71,586	121,804	122,253	130,106	130,106	167,072	154,908	155,989	211,943	210,918	211,776	212,045
Bank overdraft
Bank loan
Trade Creditors	3,549	3,539	17,945	15,146	8,886	9,263	20,458	20,458	10,236	8,968	15,483	31,111	30,854	30,527	29,969
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	3,549	3,539	17,945	15,146	8,886	9,263	20,458	20,458	10,236	8,968	15,483	31,111	30,854	30,527	29,969
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	3,549	3,539	17,945	15,146	8,886	9,263	20,458	20,458	10,236	8,968	15,483	31,111	30,854	30,527	29,969
net assets	66,879	109,104	133,916	56,440	112,918	112,990	109,648	109,648	156,836	145,940	140,506	180,832	180,064	181,249	182,076
total shareholders funds	66,879	109,104	133,916	56,440	112,918	112,990	109,648	109,648	156,836	145,940	140,506	180,832	180,064	181,249	182,076

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-42,225	-24,812	95,649	-56,478	-72	4,126	-47,206	13,572	6,859	-40,341	1,005	-1,191	-835	252,876
Depreciation
Amortisation
Tax			-18,173			-784		-2,724	-1,444		-243			-70,807
Stock
Debtors	-42,215	-39,218	147,135	-10,018	-7,349	-7,853	29,946			-672	672
Creditors	10	-14,406	2,799	6,260	-377	-11,195	10,222	1,268	-6,515	-15,628	257	327	558	29,969
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations			-66,860	-40,200	6,900		-66,930	12,116	-1,100	-55,297	347	-864	-277	212,038
Investing Activities
capital expenditure			66,860	40,200	-6,900		51,299			58,414	176	170	170	-210,389
Change in Investments
cash flow from investments			66,860	40,200	-6,900		51,299			58,414	176	170	170	-210,389
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							-2							2
interest							20	48	20	15	6	6	8	4
cash flow from financing							18	48	20	15	6	6	8	6
cash and cash equivalents
cash							-15,613	12,164	-1,081	3,132	529	-688	-99	1,656
overdraft
change in cash							-15,613	12,164	-1,081	3,132	529	-688	-99	1,656

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 initial property co limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in PO13 area or any other competitors across 12 key performance metrics.

INITIAL PROPERTY CO LIMITED group structure

Initial Property Co Limited has no subsidiary companies.

Ultimate parent company

INITIAL PROPERTY CO LIMITED

04082617

INITIAL PROPERTY CO LIMITED Shareholders

joanna russell	50%
barrie charles eden	50%

Initial Property Co Limited currently has 1 director, Mr Barrie Eden serving since Mar 2001.

officer	country	age	start	end	role
Mr Barrie Eden	England	79 years	Mar 2001	-	Director

P&L

October 2023

turnover

198k

-35%

operating profit

-42.2k

gross margin

30.1%

+4.27%

turnover

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

Balance Sheet

October 2023

net assets

66.9k

-0.39%

total assets

70.4k

-0.37%

cash

net assets

Total assets minus all liabilities

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company number

04082617

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

October 2000

ultimate parent company

None

previous names

N/A

address

18, wight view 55 marine parade west, lee on the solent, hants, PO13 9XU

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 initial property co limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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initial property co limited Company Information

initial property co limited Estimated Valuation

initial property co limited Estimated Valuation

initial property co limited Estimated Valuation

Initial Property Co Limited Overview

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