Arundel House Development Limited

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arundel house development limited Company Information

Company Number

04299068

Next Accounts

Sep 2025

Directors

Benedict Morris

Shareholders

mr benedict george morris

joe barbrooke morris

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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

1-5 vyner street, tower hamlets, london, E2 9DG

Website

arundel house development limited Estimated Valuation

£24.1m

Pomanda estimates the enterprise value of ARUNDEL HOUSE DEVELOPMENT LIMITED at £24.1m based on an EBITDA of £3.6m and a 6.7x industry multiple (adjusted for size and gross margin).

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Arundel House Development Limited is a live company located in london, E2 9DG with a Companies House number of 04299068. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2001, it's largest shareholder is mr benedict george morris with a 99.6% stake. Arundel House Development Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Arundel House Development Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £1.7m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.6%)

EXPORT

Arundel House Development Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £9.1 million. According to their latest financial statements, Arundel House Development Limited has 4 employees and maintains cash reserves of £17.6 thousand 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	1,704,937	1,432,964	688,298	1,734,493	1,690,005	1,402,283	1,519,233	1,265,813	1,383,413	6,105,892	4,206,232	895,007	2,091,033	1,543,531
Other Income Or Grants
Cost Of Sales	498,069	420,789	217,198	541,689	558,209	438,595	442,863	350,872	457,054	2,261,219	1,553,066	327,442	768,636	546,654
Gross Profit	1,206,868	1,012,175	471,101	1,192,804	1,131,796	963,688	1,076,370	914,941	926,359	3,844,673	2,653,166	567,566	1,322,397	996,877
Admin Expenses	-2,389,212	895,383	-2,595,530	3,432,805	-1,473,723	783,092	-3,678,696	720,497	1,091,357	3,788,190	2,381,238	359,666	1,119,778	836,674	-37,290
Operating Profit	3,596,080	116,792	3,066,631	-2,240,001	2,605,519	180,596	4,755,066	194,444	-164,998	56,483	271,928	207,900	202,619	160,203	37,290
Interest Payable	281,250	141,202	193,375	199,770	149,948	81,590	93,115	100,859	102,934	48,610
Interest Receivable	4,131	5,764	534	420	2,365	608	335	2	2		37	51	34	135	114
Pre-Tax Profit	3,318,961	-18,646	2,873,790	-2,439,351	2,457,936	99,614	4,662,286	93,586	-267,930	7,873	271,965	207,951	202,653	160,338	37,404
Tax	-829,740		-546,020		-467,008	-18,927	-885,834	-18,717		-1,653	-62,552	-49,908	-52,690	-44,894	-10,473
Profit After Tax	2,489,221	-18,646	2,327,770	-2,439,351	1,990,928	80,687	3,776,452	74,869	-267,930	6,220	209,413	158,043	149,963	115,443	26,931
Dividends Paid
Retained Profit	2,489,221	-18,646	2,327,770	-2,439,351	1,990,928	80,687	3,776,452	74,869	-267,930	6,220	209,413	158,043	149,963	115,443	26,931
Employee Costs	132,400	125,512	60,351	56,788	58,223	112,036	106,834	106,667	80,000	899,414	588,000	145,200	309,786	240,947
Number Of Employees	4	4	2	2	2	4	4	4	3	35	24	6	13	10
EBITDA*	3,596,379	117,091	3,066,827	-2,240,001	2,606,740	204,258	4,778,728	218,257	-136,077	128,402	277,594	213,566	207,730	160,203	37,290

* 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	701	1,000	782	978		1,221	24,883	46,509	70,322	99,243	97,778	17,556	23,222
Intangible Assets
Investments & Other	14,000,000	11,518,219	11,500,000	8,513,703	9,428,710	7,315,007	7,315,007	5,915,007	5,915,007	2,643,349	2,643,347	2,643,347	2,643,347	2,643,347	2,643,347
Debtors (Due After 1 year)
Total Fixed Assets	14,000,701	11,519,219	11,500,782	8,514,681	9,428,710	7,316,228	7,339,890	5,961,516	5,985,329	2,742,592	2,741,125	2,660,903	2,666,569	2,643,347	2,643,347
Stock & work in progress
Trade Debtors	263,503	224,521	111,422	287,881	250,682	198,930	167,252	126,076	151,264	616,358	436,811	64,303	191,867	138,738	364,835
Group Debtors					298,855	154,051	106,925	40,044
Misc Debtors	5,049,686	483,811			1,184,156				284,181		267,754
Cash	17,620	139,749	189,608	237,819	601,755	28,855	133,333	638	638	23	5	14,933	5,429	8,249	45,742
misc current assets
total current assets	5,330,809	848,081	301,030	525,700	2,335,448	381,836	407,510	166,758	436,083	616,381	704,570	79,236	197,296	146,987	410,577
total assets	19,331,510	12,367,300	11,801,812	9,040,381	11,764,158	7,698,064	7,747,400	6,128,274	6,421,412	3,358,973	3,445,695	2,740,139	2,863,865	2,790,334	3,053,924
Bank overdraft			242,668	234,000	234,000			50,015	180,740
Bank loan							198,732	194,759	169,744
Trade Creditors	37,911	42,378	85,370	145,316	90,847	50,373				652,759	540,027	353,897	524,682	404,721	399,472
Group/Directors Accounts	2,724,863	3,413,310				494,444						96,945	142,936	179,722
other short term finances
hp & lease commitments
other current liabilities	573,020	389,893	231,190	233,024	456,282	520,288	994,440	798,663	1,035,572
total current liabilities	3,335,794	3,845,581	559,228	612,340	781,129	1,065,105	1,193,172	1,043,437	1,386,056	652,759	540,027	450,842	667,618	584,443	399,472
loans	5,000,000		2,729,996	2,981,333	3,100,500	1,108,399	1,110,355	1,311,204	1,321,021	1,495,695
hp & lease commitments
Accruals and Deferred Income
other liabilities	228,428	234,428	206,651	257,705	254,175	266,801	266,801	208,837	224,408	108,838	1,810,207	1,403,249	1,468,242	1,627,849	2,191,853
provisions	1,651,937	1,661,161	1,661,161	872,000	872,000	492,000	492,000	299,523	299,523
total long term liabilities	6,880,365	1,895,589	4,597,808	4,111,038	4,226,675	1,867,200	1,869,156	1,819,564	1,844,952	1,604,533	1,810,207	1,403,249	1,468,242	1,627,849	2,191,853
total liabilities	10,216,159	5,741,170	5,157,036	4,723,378	5,007,804	2,932,305	3,062,328	2,863,001	3,231,008	2,257,292	2,350,234	1,854,091	2,135,860	2,212,292	2,591,325
net assets	9,115,351	6,626,130	6,644,776	4,317,003	6,756,354	4,765,759	4,685,072	3,265,273	3,190,404	1,101,681	1,095,461	886,048	728,005	578,042	462,599
total shareholders funds	9,115,351	6,626,130	6,644,776	4,317,003	6,756,354	4,765,759	4,685,072	3,265,273	3,190,404	1,101,681	1,095,461	886,048	728,005	578,042	462,599

	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	3,596,080	116,792	3,066,631	-2,240,001	2,605,519	180,596	4,755,066	194,444	-164,998	56,483	271,928	207,900	202,619	160,203	37,290
Depreciation	299	299	196		1,221	23,662	23,662	23,813	28,921	71,919	5,666	5,666	5,111
Amortisation
Tax	-829,740		-546,020		-467,008	-18,927	-885,834	-18,717		-1,653	-62,552	-49,908	-52,690	-44,894	-10,473
Stock
Debtors	4,604,857	596,910	-176,459	-1,445,812	1,380,712	78,804	108,057	-269,325	-180,913	-88,207	640,262	-127,564	53,129	-226,097	364,835
Creditors	-4,467	-42,992	-59,946	54,469	40,474	50,373			-652,759	112,732	186,130	-170,785	119,961	5,249	399,472
Accruals and Deferred Income	183,127	158,703	-1,834	-223,258	-64,006	-474,152	195,777	-236,909	1,035,572
Deferred Taxes & Provisions	-9,224		789,161		380,000		192,477		299,523
Cash flow from operations	-1,668,782	-364,108	3,424,647	-962,978	1,115,488	-317,252	4,173,091	231,956	727,172	327,688	-239,090	120,437	221,872	346,655	61,454
Investing Activities
capital expenditure		-517		-978			-2,036			-73,384	-85,888		-28,333
Change in Investments	2,481,781	18,219	2,986,297	-915,007	2,113,703		1,400,000		3,271,658	2					2,643,347
cash flow from investments	-2,481,781	-18,736	-2,986,297	914,029	-2,113,703		-1,402,036		-3,271,658	-73,386	-85,888		-28,333		-2,643,347
Financing Activities
Bank loans						-198,732	3,973	25,015	169,744
Group/Directors Accounts	-688,447	3,413,310			-494,444	494,444					-96,945	-45,991	-36,786	179,722
Other Short Term Loans
Long term loans	5,000,000	-2,729,996	-251,337	-119,167	1,992,101	-1,956	-200,849	-9,817	-174,674	1,495,695
Hire Purchase and Lease Commitments
other long term liabilities	-6,000	27,777	-51,054	3,530	-12,626		57,964	-15,571	115,570	-1,701,369	406,958	-64,993	-159,607	-564,004	2,191,853
share issue			3		-333		-2,356,653		2,356,653						435,668
interest	-277,119	-135,438	-192,841	-199,350	-147,583	-80,982	-92,780	-100,857	-102,932	-48,610	37	51	34	135	114
cash flow from financing	4,028,434	575,653	-495,229	-314,987	1,337,115	212,774	-2,588,345	-101,230	2,364,361	-254,284	310,050	-110,933	-196,359	-384,147	2,627,635
cash and cash equivalents
cash	-122,129	-49,859	-48,211	-363,936	572,900	-104,478	132,695		615	18	-14,928	9,504	-2,820	-37,493	45,742
overdraft		-242,668	8,668		234,000		-50,015	-130,725	180,740
change in cash	-122,129	192,809	-56,879	-363,936	338,900	-104,478	182,710	130,725	-180,125	18	-14,928	9,504	-2,820	-37,493	45,742

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARUNDEL HOUSE DEVELOPMENT LIMITED group structure

Arundel House Development Limited has no subsidiary companies.

Ultimate parent company

ARUNDEL HOUSE DEVELOPMENT LIMITED

04299068

ARUNDEL HOUSE DEVELOPMENT LIMITED Shareholders

mr benedict george morris	99.55%
joe barbrooke morris	0.15%
alice barbrooke morris	0.15%
jacqueline tanya duncan	0.15%

Arundel House Development Limited currently has 1 director, Mr Benedict Morris serving since Sep 2008.

officer	country	age	start	end	role
Mr Benedict Morris	England	67 years	Sep 2008	-	Director

P&L

December 2023

turnover

1.7m

+19%

operating profit

3.6m

gross margin

70.8%

+0.21%

turnover

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

Balance Sheet

December 2023

net assets

9.1m

+0.38%

total assets

19.3m

+0.56%

cash

17.6k

-0.87%

net assets

Total assets minus all liabilities

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company number

04299068

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 2001

ultimate parent company

None

previous names

bartteam limited (November 2001)

address

1-5 vyner street, tower hamlets, london, E2 9DG

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 6 charges/mortgages relating to arundel house development limited. Currently there are 4 open charges and 2 have been satisfied in the past.

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arundel house development limited Company Information

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arundel house development limited Estimated Valuation

arundel house development limited Estimated Valuation

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