London Letting & Management Limited

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london letting & management limited Company Information

Live

MatureLargeLow

Company Number

04689993

Website

http://marlin.com

Registered Address

111 westminster bridge road, london, SE1 7HR

Industry

Hotels and similar accommodation

Other accommodation

Telephone

02073784840

Next Accounts Due

September 2024

Group Structure

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Directors

John Corless21 Years

Padraig Fitzgerald5 Years

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Shareholders

john corless 100%

london letting & management limited Estimated Valuation

£87.3m

Pomanda estimates the enterprise value of LONDON LETTING & MANAGEMENT LIMITED at £87.3m based on an EBITDA of £11.6m and a 7.53x industry multiple (adjusted for size and gross margin).

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London Letting & Management Limited is a live company located in london, SE1 7HR with a Companies House number of 04689993. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in March 2003, it's largest shareholder is john corless with a 100% stake. London Letting & Management Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.5m with low growth in recent years.

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Pomanda's financial health check has awarded London Letting & Management Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £23.5m, make it larger than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (0.3%)

EXPORT

London Letting & Management Limited's latest turnover from December 2022 is £23.5 million and the company has net assets of £40.9 million. According to their latest financial statements, London Letting & Management Limited has 53 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	23,542,035	11,611,671	10,905,948	21,050,193	20,160,495	19,484,327	18,998,258	21,620,204	21,888,036	21,187,980	20,874,176	19,477,519	26,486,983	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,951,051	6,679,793	6,487,334	12,403,130	11,763,335	11,887,610	11,537,127	13,459,412	11,709,701	12,839,990	12,315,991	15,577,708	11,319,746	0
Gross Profit	15,590,984	4,931,878	4,418,614	8,647,063	8,397,160	7,596,717	7,461,131	8,160,792	10,178,335	8,347,990	8,558,185	3,899,811	3,168,370	2,521,739
Admin Expenses	4,952,369	3,966,347	3,938,157	4,839,602	4,656,895	4,093,525	3,836,965	3,382,080	3,603,224	2,493,390	2,290,672	2,286,220	2,135,435	1,560,798
Operating Profit	10,638,615	965,531	480,457	3,807,461	3,740,265	3,503,192	3,624,166	4,778,712	6,575,111	5,854,600	6,267,513	1,613,591	1,032,935	960,941
Interest Payable	1,267,454	341,829	320,626	345,192	323,820	301,593	42	21,753	22,848	0	4,040	12,715	0	0
Interest Receivable	0	0	1,909	9,948	11,152	10,745	20,310	7,678	6,365	6,659	5,814	0	8,543	10,677
Pre-Tax Profit	9,371,161	623,702	161,740	3,472,217	3,427,597	3,212,344	3,644,434	4,764,637	6,558,628	5,861,259	6,273,327	1,600,876	1,041,478	971,618
Tax	-1,959,855	-294,819	-186,287	-812,804	-808,857	-787,851	-895,071	-1,139,456	-1,607,625	-1,405,875	-1,570,863	-462,356	-302,696	-310,391
Profit After Tax	7,411,306	328,883	-24,547	2,659,413	2,618,740	2,424,493	2,749,363	3,625,181	4,951,003	4,455,384	4,702,464	1,138,520	738,782	661,227
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,411,306	328,883	-24,547	2,659,413	2,618,740	2,424,493	2,749,363	3,625,181	4,951,003	4,455,384	4,702,464	1,138,520	738,782	661,227
Employee Costs	1,406,380	877,011	1,096,080	1,575,660	1,653,688	1,745,709	1,443,952	1,572,560	1,353,891	1,148,057	996,021	850,400	647,946	557,969
Number Of Employees	53	41	51	67	84	86	69	78	63	45	41	36	604	0
EBITDA*	11,587,228	1,912,478	1,333,603	4,652,946	4,618,080	4,386,571	4,536,586	5,737,024	7,657,424	6,168,206	6,633,703	1,994,379	1,460,684	1,368,754

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	53,503,981	54,452,594	38,388,723	39,241,869	39,922,325	39,780,580	40,663,959	40,417,408	41,375,718	42,446,890	949,810	939,804	1,202,490	1,607,271
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	3,892,015	3,158,331	3,158,331	3,158,331	711,202	554,358	323,971	256,821	256,820	250,611	250,610	159,125	132,732	0
Debtors (Due After 1 year)	22,788,489	22,988,245	22,988,245	23,002,514	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	80,184,485	80,599,170	64,535,299	65,402,714	40,633,527	40,334,938	40,987,930	40,674,229	41,632,538	42,697,501	1,200,420	1,098,929	1,335,222	1,607,271
Stock & work in progress	120,913	110,344	110,344	110,344	110,344	110,344	110,344	110,344	104,509	104,485	75,387	53,943	52,064	45,135
Trade Debtors	7,969,950	2,168,486	2,067,528	1,594,327	1,633,325	1,940,380	1,615,398	908,419	11,558,468	1,027,243	408,266	919,579	1,046,251	261,992
Group Debtors	24,198,051	5,607,288	6,300,642	3,950,926	32,760,741	36,820,286	30,964,135	18,877,112	0	10,514,874	10,729,741	1,900,407	2,004,621	919,940
Misc Debtors	428,308	419,009	258,731	1,016,734	358,607	248,233	492,495	191,717	0	235,714	4,352,557	7,335,550	1,910,603	1,469,913
Cash	1,733,008	7,884,614	10,544,385	1,883,326	9,831,583	7,475,220	8,013,171	2,112,107	3,251,414	1,585,442	2,742,610	1,663,379	2,149,543	1,099,075
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	34,450,230	16,189,741	19,281,630	8,555,657	44,694,600	46,594,463	41,195,543	22,199,699	14,914,391	13,467,758	18,308,561	11,872,858	7,163,082	3,796,055
total assets	114,634,715	96,788,911	83,816,929	73,958,371	85,328,127	86,929,401	82,183,473	62,873,928	56,546,929	56,165,259	19,508,981	12,971,787	8,498,304	5,403,326
Bank overdraft	57,305	1,556	1,684	20,763	2,126	23,517	58,233	40,438	22,718	8,420	64,615	59,691	24,281	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	756,891	1,481,870	3,522,655	4,547,646	11,170,002	9,273,649	3,114,470	2,069,819	718,254	6,160,755	5,047,013	3,456,408	2,901,250	1,059,994
Group/Directors Accounts	23,809,344	19,144,070	16,681,181	11,096,048	14,530,523	16,138,507	15,763,115	8,384,816	1,486,414	253,426	250,900	603,628	110,091	173,296
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	7,899,950	8,699,757	7,384,517	5,474,733	5,489,059	6,131,021	5,533,348	5,521,267	5,244,622	4,443,359	4,481,706	3,889,777	1,638,919	1,085,055
total current liabilities	32,523,490	29,327,253	27,590,037	21,139,190	31,191,710	31,566,694	24,469,166	16,016,340	7,472,008	10,865,960	9,844,234	8,009,504	4,674,541	2,318,345
loans	34,123,612	19,605,853	14,780,853	9,600,000	9,600,000	9,600,000	9,600,000	0	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	7,123,647	14,403,145	8,322,262	10,070,857	14,047,506	17,892,536	22,668,629	24,161,273	30,003,787	31,179,168	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	41,247,259	34,008,998	23,103,115	19,670,857	23,647,506	27,492,536	32,268,629	24,161,273	30,003,787	31,179,168	0	0	0	0
total liabilities	73,770,749	63,336,251	50,693,152	40,810,047	54,839,216	59,059,230	56,737,795	40,177,613	37,475,795	42,045,128	9,844,234	8,009,504	4,674,541	2,318,345
net assets	40,863,966	33,452,660	33,123,777	33,148,324	30,488,911	27,870,171	25,445,678	22,696,315	19,071,134	14,120,131	9,664,747	4,962,283	3,823,763	3,084,981
total shareholders funds	40,863,966	33,452,660	33,123,777	33,148,324	30,488,911	27,870,171	25,445,678	22,696,315	19,071,134	14,120,131	9,664,747	4,962,283	3,823,763	3,084,981

	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	10,638,615	965,531	480,457	3,807,461	3,740,265	3,503,192	3,624,166	4,778,712	6,575,111	5,854,600	6,267,513	1,613,591	1,032,935	960,941
Depreciation	948,613	946,947	853,146	845,485	877,815	883,379	912,420	958,312	1,082,313	313,606	366,190	380,788	427,749	407,813
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,959,855	-294,819	-186,287	-812,804	-808,857	-787,851	-895,071	-1,139,456	-1,607,625	-1,405,875	-1,570,863	-462,356	-302,696	-310,391
Stock	10,569	0	0	0	0	0	0	5,835	24	29,098	21,444	1,879	6,929	45,135
Debtors	24,201,770	-432,118	2,050,645	-5,188,172	-4,256,226	5,936,871	13,094,780	8,418,780	-219,363	-3,712,733	5,335,028	5,194,061	2,309,630	2,651,845
Creditors	-724,979	-2,040,785	-1,024,991	-6,622,356	1,896,353	6,159,179	1,044,651	1,351,565	-5,442,501	1,113,742	1,590,605	555,158	1,841,256	1,059,994
Accruals and Deferred Income	-799,807	1,315,240	1,909,784	-14,326	-641,962	597,673	12,081	276,645	801,263	-38,347	591,929	2,250,858	553,864	1,085,055
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-16,109,752	1,324,232	-18,536	2,391,632	9,319,840	4,418,701	-8,396,533	-2,198,837	1,627,900	9,521,361	1,888,902	-857,901	1,236,549	506,432
Investing Activities
capital expenditure	0	0	0	0	-1,176,404	-230,387	-1,226,123	1	-17,351	-41,810,686	-376,196	-144,494	-155,700	-434,468
Change in Investments	733,684	0	0	2,447,129	156,844	230,387	67,150	1	6,209	1	91,485	26,393	132,732	0
cash flow from investments	-733,684	0	0	-2,447,129	-1,333,248	-460,774	-1,293,273	0	-23,560	-41,810,687	-467,681	-170,887	-288,432	-434,468
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	4,665,274	2,462,889	5,585,133	-3,434,475	-1,607,984	375,392	7,378,299	6,898,402	1,232,988	2,526	-352,728	493,537	-63,205	173,296
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	14,517,759	4,825,000	5,180,853	0	0	0	9,600,000	0	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	-7,279,498	6,080,883	-1,748,595	-3,976,649	-3,845,030	-4,776,093	-1,492,644	-5,842,514	-1,175,381	31,179,168	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2,423,754
interest	-1,267,454	-341,829	-318,717	-335,244	-312,668	-290,848	20,268	-14,075	-16,483	6,659	1,774	-12,715	8,543	10,677
cash flow from financing	10,636,081	13,026,943	8,698,674	-7,746,368	-5,765,682	-4,691,549	15,505,923	1,041,813	41,124	31,188,353	-350,954	480,822	-54,662	2,607,727
cash and cash equivalents
cash	-6,151,606	-2,659,771	8,661,059	-7,948,257	2,356,363	-537,951	5,901,064	-1,139,307	1,665,972	-1,157,168	1,079,231	-486,164	1,050,468	1,099,075
overdraft	55,749	-128	-19,079	18,637	-21,391	-34,716	17,795	17,720	14,298	-56,195	4,924	35,410	24,281	0
change in cash	-6,207,355	-2,659,643	8,680,138	-7,966,894	2,377,754	-503,235	5,883,269	-1,157,027	1,651,674	-1,100,973	1,074,307	-521,574	1,026,187	1,099,075

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LONDON LETTING & MANAGEMENT LIMITED group structure

London Letting & Management Limited has no subsidiary companies.

Ultimate parent company

LONDON LETTING & MANAGEMENT LIMITED

04689993

LONDON LETTING & MANAGEMENT LIMITED Shareholders

john corless

100%

London Letting & Management Limited currently has 4 directors. The longest serving directors include Mr John Corless (Mar 2003) and Mr Padraig Fitzgerald (Jun 2019).

officer	country	age	start	end	role
Mr John Corless	Ireland	65 years	Mar 2003	-	Director
Mr Padraig Fitzgerald	England	40 years	Jun 2019	-	Director
Mr Padraig Fitzgerald	England	40 years	Jun 2019	-	Director
Ms Claire McDermott	England	48 years	Apr 2021	-	Director

P&L

December 2022

turnover

23.5m

+103%

operating profit

10.6m

+1002%

gross margin

66.3%

+55.92%

turnover

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

Balance Sheet

December 2022

net assets

40.9m

+0.22%

total assets

114.6m

+0.18%

cash

1.7m

-0.78%

net assets

Total assets minus all liabilities

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company number

04689993

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

55900 - Other accommodation

incorporation date

March 2003

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

111 westminster bridge road, london, SE1 7HR

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 21 charges/mortgages relating to london letting & management limited. Currently there are 19 open charges and 2 have been satisfied in the past.

london letting & management limited Company Information

london letting & management limited Estimated Valuation

london letting & management limited Estimated Valuation

london letting & management limited Estimated Valuation

London Letting & Management Limited Overview

London Letting & Management Limited Health Check

LONDON LETTING & MANAGEMENT LIMITED financials

london letting & management limited Credit Report and Business Information

London Letting & Management Limited Competitor Analysis

london letting & management limited Ownership

london letting & management limited directors

london letting & management limited company details

london letting & management limited Charges & Mortgages

london letting & management limited Companies House Filings - See Documents