Surelet (hemel Hempstead) Ltd

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surelet (hemel hempstead) ltd Company Information

Live

MatureMicroDeclining

Company Number

04893952

Website

www.surepropertygroup.com

Registered Address

unit 3 bradburys court, lyon road, harrow, middlesex, HA1 2BY

Industry

Real estate agencies

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Nimesh Shah21 Years

Sheetal Mehta2 Years

Shareholders

sure holdings limited 100%

surelet (hemel hempstead) ltd Estimated Valuation

£872.2k

Pomanda estimates the enterprise value of SURELET (HEMEL HEMPSTEAD) LTD at £872.2k based on a Turnover of £478.2k and 1.82x industry multiple (adjusted for size and gross margin).

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Surelet (hemel Hempstead) Ltd is a live company located in harrow, HA1 2BY with a Companies House number of 04893952. It operates in the real estate agencies sector, SIC Code 68310. Founded in September 2003, it's largest shareholder is sure holdings limited with a 100% stake. Surelet (hemel Hempstead) Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £478.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Surelet (Hemel Hempstead) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £478.2k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.1%)

EXPORT

Surelet (Hemel Hempstead) Ltd's latest turnover from September 2023 is estimated at £478.2 thousand and the company has net assets of £5.2 thousand. According to their latest financial statements, Surelet (Hemel Hempstead) Ltd has 13 employees and maintains cash reserves of £100.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	478,159	590,800	408,213	498,280	617,901	618,929	612,146	524,641	322,167	158,496	52,882	678,103	119,836	231,661	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	92,013	78,897	45,714	82,321	114,321	88,909	68,313	76,210	39,342	19,575	7,650	136,910	17,244	38,734	0
Gross Profit	386,146	511,903	362,499	415,960	503,580	530,020	543,833	448,432	282,825	138,920	45,232	541,193	102,593	192,927	0
Admin Expenses	381,502	512,381	368,874	409,686	504,597	506,346	560,864	449,005	283,561	138,669	44,299	541,115	103,649	192,180	-708
Operating Profit	4,644	-478	-6,375	6,274	-1,017	23,674	-17,031	-573	-736	251	933	78	-1,056	747	708
Interest Payable	783	587	0	0	71	118	53	9	0	0	0	0	0	0	0
Interest Receivable	2,520	616	68	95	615	366	103	117	190	66	23	39	23	0	0
Pre-Tax Profit	6,381	-449	-6,307	6,369	-473	23,922	-16,980	-465	-546	316	956	117	-1,033	747	708
Tax	-1,595	0	0	-1,210	0	-4,545	0	0	0	-66	-220	-28	0	-209	-198
Profit After Tax	4,786	-449	-6,307	5,159	-473	19,377	-16,980	-465	-546	250	736	89	-1,033	538	510
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,786	-449	-6,307	5,159	-473	19,377	-16,980	-465	-546	250	736	89	-1,033	538	510
Employee Costs	482,569	545,936	426,424	451,869	554,000	514,781	538,383	526,129	197,911	113,715	33,718	398,129	68,808	137,959	0
Number Of Employees	13	14	12	12	14	14	15	14	5	3	1	12	2	4	0
EBITDA*	6,446	2,928	123	13,788	10,856	41,779	765	16,748	-736	8,879	4,365	3,612	2,408	4,770	5,013

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	4,952	6,023	8,659	14,429	13,327	19,133	25,070	27,898	27,705	21,865	1,704	3,079	3,918	5,887	8,415
Intangible Assets	0	0	0	0	1	6,067	18,236	30,404	42,572	54,740	250	1,745	3,240	4,735	6,230
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,952	6,023	8,659	14,429	13,328	25,200	43,306	58,302	70,277	76,605	1,954	4,824	7,158	10,622	14,645
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,000	13,995	1,055	15,218	22,810	29,335	21,609	6,624	28,421	13,142	4,272	64,848	10,268	21,841	10,759
Group Debtors	0	23,129	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	46,047	10,923	13,506	1,352	10,710	5,657	8,799	16,418	0	22,219	76,747	0	52,450	28,416	15,370
Cash	100,690	100	54,630	82,028	108,324	55,593	41,954	40,782	52,789	23,246	2,985	6,209	9,278	82	27
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	147,737	48,147	69,191	98,598	141,844	90,585	72,362	63,824	81,210	58,607	84,004	71,057	71,996	50,339	26,156
total assets	152,689	54,170	77,850	113,027	155,172	115,785	115,668	122,126	151,487	135,212	85,958	75,881	79,154	60,961	40,801
Bank overdraft	0	14,233	0	0	5	2,085	1,397	290	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	17,186	4,268	5,289	18,044	9,650	31,206	23,623	48,324	148,502	130,388	85,116	75,674	78,990	59,519	39,578
Group/Directors Accounts	27,995	0	308	35,296	53,767	17,039	62,741	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	101,373	34,851	70,647	50,875	88,545	60,966	42,317	70,395	0	0	0	0	0	0	0
total current liabilities	146,554	53,352	76,244	104,215	151,967	111,296	130,078	119,009	148,502	130,388	85,116	75,674	78,990	59,519	39,578
loans	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
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	0	0	0	0	0	0	0	0	0
provisions	941	410	749	1,648	1,200	2,011	2,489	3,036	2,439	3,732	0	101	147	392	711
total long term liabilities	941	410	749	1,648	1,200	2,011	2,489	3,036	2,439	3,732	0	101	147	392	711
total liabilities	147,495	53,762	76,993	105,863	153,167	113,307	132,567	122,045	150,941	134,120	85,116	75,775	79,137	59,911	40,289
net assets	5,194	408	857	7,164	2,005	2,478	-16,899	81	546	1,092	842	106	17	1,050	512
total shareholders funds	5,194	408	857	7,164	2,005	2,478	-16,899	81	546	1,092	842	106	17	1,050	512

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	4,644	-478	-6,375	6,274	-1,017	23,674	-17,031	-573	-736	251	933	78	-1,056	747	708
Depreciation	1,802	3,406	6,498	7,514	5,806	5,937	5,628	5,153	0	2,277	1,937	2,039	1,969	2,528	2,810
Amortisation	0	0	0	0	6,067	12,168	12,168	12,168	0	6,351	1,495	1,495	1,495	1,495	1,495
Tax	-1,595	0	0	-1,210	0	-4,545	0	0	0	-66	-220	-28	0	-209	-198
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,000	33,486	-2,009	-16,950	-1,472	4,584	7,366	-5,379	-6,940	-45,658	16,171	2,130	12,461	24,128	26,129
Creditors	12,918	-1,021	-12,755	8,394	-21,556	7,583	-24,701	-100,178	18,114	45,272	9,442	-3,316	19,471	19,941	39,578
Accruals and Deferred Income	66,522	-35,796	19,772	-37,670	27,579	18,649	-28,078	70,395	0	0	0	0	0	0	0
Deferred Taxes & Provisions	531	-339	-899	448	-811	-478	-547	597	-1,293	3,732	-101	-46	-245	-319	711
Cash flow from operations	85,822	-67,714	8,250	700	17,540	58,404	-59,927	-7,059	23,025	103,475	-2,685	-1,908	9,173	55	18,975
Investing Activities
capital expenditure	-731	-770	-728	-8,615	-1	1	-2,800	-5,346	6,328	-83,279	-562	-1,200	0	0	-18,950
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-731	-770	-728	-8,615	-1	1	-2,800	-5,346	6,328	-83,279	-562	-1,200	0	0	-18,950
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	27,995	-308	-34,988	-18,471	36,728	-45,702	62,741	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	0	0	0	0	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	1,737	29	68	95	544	248	50	108	190	66	23	39	23	0	0
cash flow from financing	29,732	-279	-34,920	-18,376	37,272	-45,454	62,791	108	190	66	23	39	23	0	2
cash and cash equivalents
cash	100,590	-54,530	-27,398	-26,296	52,731	13,639	1,172	-12,007	29,543	20,261	-3,224	-3,069	9,196	55	27
overdraft	-14,233	14,233	0	-5	-2,080	688	1,107	290	0	0	0	0	0	0	0
change in cash	114,823	-68,763	-27,398	-26,291	54,811	12,951	65	-12,297	29,543	20,261	-3,224	-3,069	9,196	55	27

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SURELET (HEMEL HEMPSTEAD) LTD group structure

Surelet (Hemel Hempstead) Ltd has 1 subsidiary company.

Ultimate parent company

SURE HOLDINGS LIMITED

10687725

1 parent

SURELET (HEMEL HEMPSTEAD) LTD

04893952

1 subsidiary

CHESS PROPERTIES LTD

05928587

SURELET (HEMEL HEMPSTEAD) LTD Shareholders

sure holdings limited

100%

Surelet (Hemel Hempstead) Ltd currently has 2 directors. The longest serving directors include Mr Nimesh Shah (Sep 2003) and Mrs Sheetal Mehta (Jan 2022).

officer	country	age	start	end	role
Mr Nimesh Shah	United Kingdom	46 years	Sep 2003	-	Director
Mrs Sheetal Mehta	England	48 years	Jan 2022	-	Director

P&L

September 2023

turnover

478.2k

-19%

operating profit

4.6k

gross margin

80.8%

-6.8%

turnover

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

Balance Sheet

September 2023

net assets

5.2k

+11.73%

total assets

152.7k

+1.82%

cash

100.7k

+1005.9%

net assets

Total assets minus all liabilities

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company number

04893952

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

September 2003

ultimate parent company

SURE HOLDINGS LIMITED

previous names

N/A

address

unit 3 bradburys court, lyon road, harrow, middlesex, HA1 2BY

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 surelet (hemel hempstead) ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

surelet (hemel hempstead) ltd Company Information

surelet (hemel hempstead) ltd Estimated Valuation

surelet (hemel hempstead) ltd Estimated Valuation

surelet (hemel hempstead) ltd Estimated Valuation

Surelet (hemel Hempstead) Ltd Overview

Surelet (hemel Hempstead) Ltd Health Check

SURELET (HEMEL HEMPSTEAD) LTD financials

surelet (hemel hempstead) ltd Credit Report and Business Information

Surelet (hemel Hempstead) Ltd Competitor Analysis

surelet (hemel hempstead) ltd Ownership

surelet (hemel hempstead) ltd directors

surelet (hemel hempstead) ltd company details

surelet (hemel hempstead) ltd Charges & Mortgages

surelet (hemel hempstead) ltd Companies House Filings - See Documents