tilia partnership homes limited
tilia partnership homes limited Company Information
Company Number
04242676
Website
www.kierhomes.co.ukRegistered Address
tungsten building, blythe valley business park, solihull, west midlands, B90 8AU
Industry
Construction of domestic buildings
Telephone
01767355001
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
tilia homes limited 100%
tilia partnership homes limited Estimated Valuation
Pomanda estimates the enterprise value of TILIA PARTNERSHIP HOMES LIMITED at £1.5m based on a Turnover of £4.8m and 0.31x industry multiple (adjusted for size and gross margin).
tilia partnership homes limited Estimated Valuation
Pomanda estimates the enterprise value of TILIA PARTNERSHIP HOMES LIMITED at £0 based on an EBITDA of £-129k and a 2.46x industry multiple (adjusted for size and gross margin).
tilia partnership homes limited Estimated Valuation
Pomanda estimates the enterprise value of TILIA PARTNERSHIP HOMES LIMITED at £18.5m based on Net Assets of £13.3m and 1.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tilia Partnership Homes Limited Overview
Tilia Partnership Homes Limited is a live company located in solihull, B90 8AU with a Companies House number of 04242676. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in June 2001, it's largest shareholder is tilia homes limited with a 100% stake. Tilia Partnership Homes Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with rapid growth in recent years.
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Tilia Partnership Homes Limited Health Check
Pomanda's financial health check has awarded Tilia Partnership Homes Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.8m, make it larger than the average company (£607.3k)
£4.8m - Tilia Partnership Homes Limited
£607.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (7.6%)
53% - Tilia Partnership Homes Limited
7.6% - Industry AVG
Production
with a gross margin of 2%, this company has a higher cost of product (19.5%)
2% - Tilia Partnership Homes Limited
19.5% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (6.1%)
-3% - Tilia Partnership Homes Limited
6.1% - Industry AVG
Employees
with 23 employees, this is above the industry average (4)
- Tilia Partnership Homes Limited
4 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Tilia Partnership Homes Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £207.2k, this is equally as efficient (£213.5k)
- Tilia Partnership Homes Limited
£213.5k - Industry AVG
Debtor Days
it gets paid by customers after 144 days, this is later than average (27 days)
144 days - Tilia Partnership Homes Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (28 days)
160 days - Tilia Partnership Homes Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 1846 days, this is more than average (258 days)
1846 days - Tilia Partnership Homes Limited
258 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - Tilia Partnership Homes Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.6%, this is a lower level of debt than the average (74.8%)
52.6% - Tilia Partnership Homes Limited
74.8% - Industry AVG
TILIA PARTNERSHIP HOMES LIMITED financials
Tilia Partnership Homes Limited's latest turnover from March 2023 is £4.8 million and the company has net assets of £13.3 million. According to their latest financial statements, we estimate that Tilia Partnership Homes Limited has 23 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 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 | 4,766,000 | 6,779,000 | 7,294,000 | 1,324,000 | 14,243,000 | 47,918,000 | 87,266,000 | 93,967,000 | 73,626,000 | 70,987,000 | 38,304,000 | 40,215,000 | 55,946,000 | 53,264,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,673,000 | 10,388,000 | 6,051,000 | 7,847,000 | 13,199,000 | 39,512,000 | 73,286,000 | 80,825,000 | 60,792,000 | 63,356,000 | 33,243,000 | 37,129,000 | 51,958,000 | 48,478,000 |
| Gross Profit | 93,000 | -3,609,000 | 1,243,000 | -6,523,000 | 1,044,000 | 8,406,000 | 13,980,000 | 13,142,000 | 12,834,000 | 7,631,000 | 5,061,000 | 3,086,000 | 3,988,000 | 4,786,000 |
| Admin Expenses | 237,000 | 502,000 | 628,000 | 92,000 | 1,149,000 | 3,267,000 | 5,215,000 | 6,086,000 | 6,448,000 | 4,711,000 | 3,737,000 | 3,151,000 | 5,398,000 | 5,018,000 |
| Operating Profit | -144,000 | -4,111,000 | 615,000 | -6,615,000 | -105,000 | 5,139,000 | 8,765,000 | 7,056,000 | 6,386,000 | 2,920,000 | 1,324,000 | -65,000 | -1,410,000 | -232,000 |
| Interest Payable | 0 | 0 | 488,000 | 299,000 | 1,188,000 | 892,000 | 1,713,000 | 1,650,000 | 1,756,000 | 992,000 | 335,000 | 88,000 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 13,000 | 1,286,000 | 1,035,000 | 881,000 | 420,000 | 0 | 0 | 0 | 0 | 284,000 | 369,000 |
| Pre-Tax Profit | -144,000 | -4,111,000 | 127,000 | -6,901,000 | -7,000 | 5,282,000 | 7,933,000 | 5,826,000 | 4,630,000 | 1,928,000 | 989,000 | -153,000 | -1,126,000 | 137,000 |
| Tax | 30,000 | 1,001,000 | -9,000 | 13,000 | -1,000 | -1,080,000 | -1,540,000 | -1,244,000 | -949,000 | -487,000 | -281,000 | 631,000 | 227,000 | -9,000 |
| Profit After Tax | -114,000 | -3,110,000 | 118,000 | -6,888,000 | -8,000 | 4,202,000 | 6,393,000 | 4,582,000 | 3,681,000 | 1,441,000 | 708,000 | 478,000 | -899,000 | 128,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 4,835,000 | 7,500,000 | 0 | 0 | 2,809,000 | 655,000 | 480,000 | 193,000 | 0 | 120,000 |
| Retained Profit | -114,000 | -3,110,000 | 118,000 | -6,888,000 | -4,843,000 | -3,298,000 | 6,393,000 | 4,582,000 | 872,000 | 786,000 | 228,000 | 285,000 | -899,000 | 8,000 |
| Employee Costs | 0 | 2,363,000 | 9,481,000 | 9,551,000 | 8,841,000 | 6,815,000 | 4,679,000 | 4,473,000 | 6,424,000 | 6,901,000 | ||||
| Number Of Employees | 87 | 190 | 206 | 219 | 168 | 110 | 96 | 114 | 119 | |||||
| EBITDA* | -129,000 | -4,093,000 | 638,000 | -6,572,000 | -48,000 | 5,194,000 | 8,821,000 | 7,136,000 | 6,454,000 | 2,975,000 | 1,379,000 | 19,000 | -1,208,000 | -1,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 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 | 65,000 | 80,000 | 240,000 | 225,000 | 194,000 | 923,000 | 1,071,000 | 306,000 | 368,000 | 309,000 | 361,000 | 401,000 | 96,000 | 43,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,000 | 197,000 |
| Investments & Other | 846,000 | 847,000 | 0 | 0 | 0 | 711,000 | 805,000 | 51,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 71,000 | 52,000 | 39,000 | 0 | 0 | 1,458,000 | 1,788,000 | 1,498,000 | 1,332,000 | 1,745,000 | 1,032,000 | 1,722,000 |
| Total Fixed Assets | 911,000 | 927,000 | 169,000 | 173,000 | 194,000 | 923,000 | 1,071,000 | 1,815,000 | 2,156,000 | 1,807,000 | 1,693,000 | 2,146,000 | 1,157,000 | 1,962,000 |
| Stock & work in progress | 23,644,000 | 21,944,000 | 19,159,000 | 16,907,000 | 16,401,000 | 14,449,000 | 23,436,000 | 34,819,000 | 53,803,000 | 31,945,000 | 14,805,000 | 9,240,000 | 5,623,000 | 586,000 |
| Trade Debtors | 1,886,000 | 797,000 | 116,000 | 3,000 | 459,000 | 1,398,000 | 3,637,000 | 3,244,000 | 4,388,000 | 4,837,000 | 2,675,000 | 5,321,000 | 4,795,000 | 5,219,000 |
| Group Debtors | 30,000 | 197,000 | 0 | 0 | 217,000 | 10,000 | 0 | 349,000 | 15,000 | 14,000 | 148,000 | 0 | 75,000 | 947,000 |
| Misc Debtors | 377,000 | 300,000 | 1,498,000 | 892,000 | 513,000 | 1,261,000 | 1,405,000 | 897,000 | 1,694,000 | 10,056,000 | 2,010,000 | 694,000 | 1,358,000 | 870,000 |
| Cash | 1,224,000 | 1,115,000 | 4,827,000 | 0 | 5,276,000 | 54,930,000 | 47,127,000 | 28,479,000 | 5,569,000 | 0 | 0 | 0 | 4,990,000 | 11,597,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,161,000 | 24,353,000 | 25,600,000 | 17,802,000 | 22,866,000 | 72,048,000 | 75,605,000 | 67,788,000 | 65,469,000 | 46,852,000 | 19,638,000 | 15,255,000 | 16,841,000 | 19,219,000 |
| total assets | 28,072,000 | 25,280,000 | 25,769,000 | 17,975,000 | 23,060,000 | 72,971,000 | 76,676,000 | 69,603,000 | 67,625,000 | 48,659,000 | 21,331,000 | 17,401,000 | 17,998,000 | 21,181,000 |
| Bank overdraft | 0 | 0 | 0 | 11,881,000 | 2,919,000 | 45,542,000 | 43,759,000 | 0 | 40,718,000 | 24,954,000 | 4,838,000 | 2,837,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,056,000 | 3,305,000 | 8,980,000 | 1,455,000 | 2,567,000 | 3,971,000 | 11,812,000 | 14,168,000 | 17,344,000 | 16,355,000 | 9,910,000 | 8,864,000 | 10,530,000 | 11,896,000 |
| Group/Directors Accounts | 7,350,000 | 2,487,000 | 0 | 0 | 0 | 0 | 0 | 269,000 | 1,925,000 | 733,000 | 417,000 | 738,000 | 779,000 | 439,000 |
| 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 | 4,879,000 | 2,550,000 | 0 | 1,241,000 | 9,358,000 | 11,112,000 | 5,461,000 | 3,911,000 | 3,381,000 | 3,232,000 | 3,567,000 | 2,452,000 | 4,222,000 | 5,861,000 |
| total current liabilities | 14,285,000 | 8,342,000 | 8,980,000 | 14,577,000 | 14,844,000 | 60,625,000 | 61,032,000 | 18,348,000 | 63,368,000 | 45,274,000 | 18,732,000 | 14,891,000 | 15,531,000 | 18,196,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,046,000 | 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 | 475,000 | 3,512,000 | 506,000 | 5,566,000 | 1,426,000 | 0 | 0 | 0 | 0 | 0 | 0 | 139,000 | 381,000 | 0 |
| total long term liabilities | 475,000 | 3,512,000 | 253,000 | 2,783,000 | 713,000 | 0 | 0 | 42,046,000 | 0 | 0 | 0 | 139,000 | 381,000 | 0 |
| total liabilities | 14,760,000 | 11,854,000 | 9,233,000 | 17,360,000 | 15,557,000 | 60,625,000 | 61,032,000 | 60,394,000 | 63,368,000 | 45,274,000 | 18,732,000 | 15,030,000 | 15,912,000 | 18,196,000 |
| net assets | 13,312,000 | 13,426,000 | 16,536,000 | 615,000 | 7,503,000 | 12,346,000 | 15,644,000 | 9,209,000 | 4,257,000 | 3,385,000 | 2,599,000 | 2,371,000 | 2,086,000 | 2,985,000 |
| total shareholders funds | 13,312,000 | 13,426,000 | 16,536,000 | 615,000 | 7,503,000 | 12,346,000 | 15,644,000 | 9,209,000 | 4,257,000 | 3,385,000 | 2,599,000 | 2,371,000 | 2,086,000 | 2,985,000 |
| Mar 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 | -144,000 | -4,111,000 | 615,000 | -6,615,000 | -105,000 | 5,139,000 | 8,765,000 | 7,056,000 | 6,386,000 | 2,920,000 | 1,324,000 | -65,000 | -1,410,000 | -232,000 |
| Depreciation | 15,000 | 18,000 | 23,000 | 43,000 | 57,000 | 55,000 | 56,000 | 80,000 | 68,000 | 55,000 | 55,000 | 55,000 | 34,000 | 63,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,000 | 168,000 | 168,000 |
| Tax | 30,000 | 1,001,000 | -9,000 | 13,000 | -1,000 | -1,080,000 | -1,540,000 | -1,244,000 | -949,000 | -487,000 | -281,000 | 631,000 | 227,000 | -9,000 |
| Stock | 1,700,000 | 2,785,000 | 2,252,000 | 506,000 | 1,952,000 | -8,987,000 | -11,383,000 | -18,984,000 | 21,858,000 | 17,140,000 | 5,565,000 | 3,617,000 | 5,037,000 | 586,000 |
| Debtors | 999,000 | -391,000 | 738,000 | -281,000 | -1,441,000 | -2,373,000 | -906,000 | -1,937,000 | -8,520,000 | 10,240,000 | -1,595,000 | 500,000 | -1,498,000 | 8,758,000 |
| Creditors | -1,249,000 | -5,675,000 | 7,525,000 | -1,112,000 | -1,404,000 | -7,841,000 | -2,356,000 | -3,176,000 | 989,000 | 6,445,000 | 1,046,000 | -1,666,000 | -1,366,000 | 11,896,000 |
| Accruals and Deferred Income | 2,329,000 | 2,550,000 | -1,241,000 | -8,117,000 | -1,754,000 | 5,651,000 | 1,550,000 | 530,000 | 149,000 | -335,000 | 1,115,000 | -1,770,000 | -1,639,000 | 5,861,000 |
| Deferred Taxes & Provisions | -3,037,000 | 3,006,000 | -5,060,000 | 4,140,000 | 1,426,000 | 0 | 0 | 0 | 0 | 0 | -139,000 | -242,000 | 381,000 | 0 |
| Cash flow from operations | -4,755,000 | -5,605,000 | -1,137,000 | -11,873,000 | -2,292,000 | 13,284,000 | 18,764,000 | 24,167,000 | -6,695,000 | -18,782,000 | -850,000 | -7,145,000 | -7,144,000 | 8,403,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1,000 | 847,000 | 0 | 0 | -711,000 | -94,000 | 754,000 | 51,000 | 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 | 4,863,000 | 2,487,000 | 0 | 0 | 0 | 0 | -269,000 | -1,656,000 | 1,192,000 | 316,000 | -321,000 | -41,000 | 340,000 | 439,000 |
| 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 | -42,046,000 | 42,046,000 | 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 | -488,000 | -286,000 | 98,000 | 143,000 | -832,000 | -1,230,000 | -1,756,000 | -992,000 | -335,000 | -88,000 | 284,000 | 369,000 |
| cash flow from financing | 4,863,000 | 2,487,000 | 15,315,000 | -286,000 | 98,000 | 143,000 | -43,105,000 | 39,530,000 | -564,000 | -676,000 | -656,000 | -129,000 | 624,000 | 3,785,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 109,000 | -3,712,000 | 4,827,000 | -5,276,000 | -49,654,000 | 7,803,000 | 18,648,000 | 22,910,000 | 5,569,000 | 0 | 0 | -4,990,000 | -6,607,000 | 11,597,000 |
| overdraft | 0 | 0 | -11,881,000 | 8,962,000 | -42,623,000 | 1,783,000 | 43,759,000 | -40,718,000 | 15,764,000 | 20,116,000 | 2,001,000 | 2,837,000 | 0 | 0 |
| change in cash | 109,000 | -3,712,000 | 16,708,000 | -14,238,000 | -7,031,000 | 6,020,000 | -25,111,000 | 63,628,000 | -10,195,000 | -20,116,000 | -2,001,000 | -7,827,000 | -6,607,000 | 11,597,000 |
tilia partnership homes limited Credit Report and Business Information
Tilia Partnership Homes Limited Competitor Analysis
Perform a competitor analysis for tilia partnership homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in B90 area or any other competitors across 12 key performance metrics.
tilia partnership homes limited Ownership
TILIA PARTNERSHIP HOMES LIMITED group structure
Tilia Partnership Homes Limited has 1 subsidiary company.
Ultimate parent company
FOSTER BIDCO LIMITED
#0133640
2 parents
TILIA PARTNERSHIP HOMES LIMITED
04242676
1 subsidiary
tilia partnership homes limited directors
Tilia Partnership Homes Limited currently has 4 directors. The longest serving directors include Mr Paul Smart (Dec 2016) and Mr Amerjit Atwal (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Smart | England | 46 years | Dec 2016 | - | Director |
| Mr Amerjit Atwal | England | 53 years | Dec 2016 | - | Director |
| Mr Alexander Gibbs | United Kingdom | 38 years | Jul 2023 | - | Director |
| Mr Philip Chapman | United Kingdom | 56 years | Mar 2024 | - | Director |
P&L
March 2023turnover
4.8m
-30%
operating profit
-144k
-96%
gross margin
2%
-103.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
13.3m
-0.01%
total assets
28.1m
+0.11%
cash
1.2m
+0.1%
net assets
Total assets minus all liabilities
tilia partnership homes limited company details
company number
04242676
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
June 2001
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
kier partnership homes limited (August 2021)
partnerships first limited (December 2002)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
tungsten building, blythe valley business park, solihull, west midlands, B90 8AU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
tilia partnership homes 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 4 charges/mortgages relating to tilia partnership homes limited. Currently there are 0 open charges and 4 have been satisfied in the past.
tilia partnership homes limited Companies House Filings - See Documents
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