Florence Properties Limited

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florence properties limited Company Information

Live

MatureMicroHealthy

Company Number

04591166

Website

Registered Address

27 new dover road, canterbury, kent, CT1 3DN

Industry

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

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Steven Gillham21 Years

Anne Gillham18 Years

Shareholders

steven gillham 90%

anne gillham 10%

florence properties limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of FLORENCE PROPERTIES LIMITED at £1.2m based on a Turnover of £357.3k and 3.34x industry multiple (adjusted for size and gross margin).

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Florence Properties Limited is a live company located in kent, CT1 3DN with a Companies House number of 04591166. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2002, it's largest shareholder is steven gillham with a 90% stake. Florence Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £357.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Florence Properties Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £357.3k, make it smaller than the average company (£897k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.5%)

EXPORT

Florence Properties Limited's latest turnover from March 2024 is estimated at £357.3 thousand and the company has net assets of £447.8 thousand. According to their latest financial statements, Florence Properties Limited has 2 employees and maintains cash reserves of £426.3 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	Mar 2011	Mar 2010
Turnover	357,307	336,560	288,982	264,544	141,462	286,999	254,846	246,711	0	128,608	56,002	162,939	172,482	189,096	148,821
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	76,036	82,630	73,661	65,561	36,307	75,046	63,711	62,194	0	43,118	18,065	49,382	52,610	60,455	45,624
Gross Profit	281,271	253,930	215,321	198,983	105,155	211,953	191,135	184,517	0	85,490	37,937	113,557	119,872	128,641	103,197
Admin Expenses	306,592	297,013	32,535	173,267	56,905	84,128	179,829	143,878	-66,634	60,983	-3,417	74,526	74,344	113,502	-94,336
Operating Profit	-25,321	-43,083	182,786	25,716	48,250	127,825	11,306	40,639	66,634	24,507	41,354	39,031	45,528	15,139	197,533
Interest Payable	21,301	19,856	13,011	11,700	11,699	16,145	18,630	17,913	9,315	15,842	31,685	25,038	18,392	18,392	9,196
Interest Receivable	24,957	22,526	2,975	288	210	810	354	179	274	196	187	179	151	101	38
Pre-Tax Profit	-21,666	-40,413	172,751	14,305	36,762	112,490	-6,970	22,905	57,593	8,861	9,856	14,171	27,286	-3,152	188,375
Tax	0	0	-32,823	-2,718	-6,985	-21,373	0	-4,581	-11,518	-1,861	-2,267	-3,401	-7,094	0	-52,745
Profit After Tax	-21,666	-40,413	139,928	11,587	29,777	91,117	-6,970	18,324	46,074	7,000	7,589	10,770	20,192	-3,152	135,630
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-21,666	-40,413	139,928	11,587	29,777	91,117	-6,970	18,324	46,074	7,000	7,589	10,770	20,192	-3,152	135,630
Employee Costs	65,111	60,751	57,583	53,668	27,392	54,056	51,825	51,065	0	25,964	24,753	47,678	47,604	46,503	48,677
Number Of Employees	2	2	2	2	1	2	2	2	0	1	1	2	2	2	2
EBITDA*	-25,321	-43,083	182,786	25,716	48,250	127,825	11,306	40,639	66,634	24,507	41,354	39,031	45,528	15,139	197,533

* 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	Mar 2011	Mar 2010
Tangible Assets	375,663	375,663	375,663	375,663	375,663	375,663	460,883	460,883	460,883	682,550	682,550	682,550	469,131	469,131	469,131
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	23	23	23	23	23	23	23	76	76	76	76	76
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	375,663	375,663	375,663	375,686	375,686	375,686	460,906	460,906	460,906	682,573	682,626	682,626	469,207	469,207	469,207
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	0	586	11,569	12,729	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	27,929	46,000	70,248	4,534	5,478	15,558	5,634	336	0	0	0	0	0	0	0
Cash	426,337	571,930	488,117	305,237	271,599	148,855	67,267	74,307	69,017	40,549	38,018	36,613	34,885	25,453	15,057
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	454,266	617,930	558,365	309,771	277,077	164,413	72,901	74,643	69,017	40,549	38,604	48,182	47,614	25,453	15,057
total assets	829,929	993,593	934,028	685,457	652,763	540,099	533,807	535,549	529,923	723,122	721,230	730,808	516,821	494,660	484,264
Bank overdraft	8,229	8,229	8,229	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	44,805	60,747	77,914	79,197	77,228	63,680
Group/Directors Accounts	0	0	0	25,876	1,079	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	188,551	330,432	230,439	97,857	101,524	19,762	6,564	4,509	17,207	0	0	0	0	0	0
total current liabilities	196,780	338,661	238,668	123,733	102,603	19,762	6,564	4,509	17,207	44,805	60,747	77,914	79,197	77,228	63,680
loans	185,362	185,479	185,494	191,786	191,809	191,763	286,613	286,613	286,613	0	487,454	487,454	282,954	282,954	282,954
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	0	0	0	0	3,173	0	0	498,288	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	185,362	185,479	185,494	191,786	191,809	191,763	289,786	286,613	286,613	498,288	487,454	487,454	282,954	282,954	282,954
total liabilities	382,142	524,140	424,162	315,519	294,412	211,525	296,350	291,122	303,820	543,093	548,201	565,368	362,151	360,182	346,634
net assets	447,787	469,453	509,866	369,938	358,351	328,574	237,457	244,427	226,103	180,029	173,029	165,440	154,670	134,478	137,630
total shareholders funds	447,787	469,453	509,866	369,938	358,351	328,574	237,457	244,427	226,103	180,029	173,029	165,440	154,670	134,478	137,630

	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	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-25,321	-43,083	182,786	25,716	48,250	127,825	11,306	40,639	66,634	24,507	41,354	39,031	45,528	15,139	197,533
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-32,823	-2,718	-6,985	-21,373	0	-4,581	-11,518	-1,861	-2,267	-3,401	-7,094	0	-52,745
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-18,071	-24,248	65,714	-944	-10,080	9,924	5,298	336	0	-586	-10,983	-1,160	12,729	0	0
Creditors	0	0	0	0	0	0	0	0	-44,805	-15,942	-17,167	-1,283	1,969	13,548	63,680
Accruals and Deferred Income	-141,881	99,993	132,582	-3,667	81,762	13,198	2,055	-12,698	17,207	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-149,131	81,158	216,831	20,275	133,107	109,726	8,063	23,024	27,518	7,290	32,903	35,507	27,674	28,687	208,468
Investing Activities
capital expenditure	0	0	0	0	0	85,220	0	0	221,667	0	0	-213,419	0	0	-469,131
Change in Investments	0	0	-23	0	0	0	0	0	0	-53	0	0	0	0	76
cash flow from investments	0	0	23	0	0	85,220	0	0	221,667	53	0	-213,419	0	0	-469,207
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-25,876	24,797	1,079	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	-117	-15	-6,292	-23	46	-94,850	0	0	286,613	-487,454	0	204,500	0	0	282,954
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	0	0	0	0	-3,173	3,173	0	-498,288	498,288	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000
interest	3,656	2,670	-10,036	-11,412	-11,489	-15,335	-18,276	-17,734	-9,041	-15,646	-31,498	-24,859	-18,241	-18,291	-9,158
cash flow from financing	3,539	2,655	-42,204	13,362	-10,364	-113,358	-15,103	-17,734	-220,716	-4,812	-31,498	179,641	-18,241	-18,291	275,796
cash and cash equivalents
cash	-145,593	83,813	182,880	33,638	122,744	81,588	-7,040	5,290	28,468	2,531	1,405	1,728	9,432	10,396	15,057
overdraft	0	0	8,229	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-145,593	83,813	174,651	33,638	122,744	81,588	-7,040	5,290	28,468	2,531	1,405	1,728	9,432	10,396	15,057

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FLORENCE PROPERTIES LIMITED group structure

Florence Properties Limited has no subsidiary companies.

Ultimate parent company

FLORENCE PROPERTIES LIMITED

04591166

FLORENCE PROPERTIES LIMITED Shareholders

steven gillham	90%
anne gillham	10%

Florence Properties Limited currently has 2 directors. The longest serving directors include Mr Steven Gillham (Nov 2002) and Mrs Anne Gillham (Aug 2006).

officer	country	age	start	end	role
Mr Steven Gillham	United Kingdom	70 years	Nov 2002	-	Director
Mrs Anne Gillham	England	69 years	Aug 2006	-	Director

P&L

March 2024

turnover

357.3k

+6%

operating profit

-25.3k

gross margin

78.8%

+4.34%

turnover

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

Balance Sheet

March 2024

net assets

447.8k

-0.05%

total assets

829.9k

-0.16%

cash

426.3k

-0.25%

net assets

Total assets minus all liabilities

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company number

04591166

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

November 2002

ultimate parent company

None

previous names

N/A

address

27 new dover road, canterbury, kent, CT1 3DN

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 9 charges/mortgages relating to florence properties limited. Currently there are 6 open charges and 3 have been satisfied in the past.

florence properties limited Company Information

florence properties limited Estimated Valuation

florence properties limited Estimated Valuation

florence properties limited Estimated Valuation

Florence Properties Limited Overview

Florence Properties Limited Health Check

FLORENCE PROPERTIES LIMITED financials

florence properties limited Credit Report and Business Information

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florence properties limited Ownership

florence properties limited directors

florence properties limited company details

florence properties limited Charges & Mortgages

florence properties limited Companies House Filings - See Documents