City Development Estates Ltd

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city development estates ltd Company Information

Live

MatureSmallDeclining

Company Number

04929220

Website

http://ldpc.co.uk

Registered Address

aspect house, 16 wilmer place, stoke newington, london, N16 0LQ

Industry

Management of real estate on a fee or contract basis

Telephone

02072542777

Next Accounts Due

July 2025

Group Structure

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Directors

Sanjeev Dhir21 Years

Ram Dhir17 Years

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Shareholders

ram murti dhir 84%

sanjeev dhir 8%

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city development estates ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of CITY DEVELOPMENT ESTATES LTD at £1.4m based on a Turnover of £1m and 1.3x industry multiple (adjusted for size and gross margin).

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City Development Estates Ltd is a live company located in stoke newington, N16 0LQ with a Companies House number of 04929220. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in October 2003, it's largest shareholder is ram murti dhir with a 84% stake. City Development Estates Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.

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Pomanda's financial health check has awarded City Development Estates Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £1m, make it in line with the average company (£1m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.5%)

EXPORT

City Development Estates Ltd's latest turnover from October 2023 is estimated at £1 million and the company has net assets of -£952.8 thousand. According to their latest financial statements, City Development Estates Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,049,722	997,302	1,092,800	1,220,781	1,548,120	1,095,066	882,872	767,604	861,574	825,439	933,348	889,872	755,693	746,442	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	914,997	880,545	992,051	1,098,579	1,366,518	952,424	764,720	650,904	732,424	730,158	825,054	790,451	677,750	665,673	0
Gross Profit	134,725	116,757	100,749	122,202	181,602	142,641	118,151	116,699	129,150	95,280	108,294	99,421	77,943	80,769	0
Admin Expenses	134,150	121,258	52,974	110,795	163,213	146,676	138,973	133,632	122,252	79,577	115,313	42,166	-6,341	1,198,695	-42,581
Operating Profit	575	-4,501	47,775	11,407	18,389	-4,035	-20,822	-16,933	6,898	15,703	-7,019	57,255	84,284	-1,117,926	42,581
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	36	145	145	145	143	153	91	9
Pre-Tax Profit	575	-4,501	47,775	11,407	18,389	-4,035	-20,822	-16,897	7,044	15,848	-6,874	57,397	84,436	-1,117,835	42,590
Tax	-144	0	-9,077	-2,167	-3,494	0	0	0	-1,409	-3,328	0	-13,775	-21,953	0	-11,925
Profit After Tax	431	-4,501	38,698	9,240	14,895	-4,035	-20,822	-16,897	5,635	12,520	-6,874	43,622	62,483	-1,117,835	30,665
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	431	-4,501	38,698	9,240	14,895	-4,035	-20,822	-16,897	5,635	12,520	-6,874	43,622	62,483	-1,117,835	30,665
Employee Costs	127,670	121,622	116,388	109,694	252,967	173,660	134,342	143,320	137,541	101,173	131,147	131,980	100,653	103,200	0
Number Of Employees	3	3	3	3	7	5	4	4	4	3	4	4	3	3	0
EBITDA*	575	-4,501	47,775	11,407	18,389	-4,035	-20,822	-16,933	6,898	15,703	-7,019	57,255	84,284	-1,117,926	42,581

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,118,000
Trade Debtors	146,445	187,583	218,683	218,683	218,683	73,238	73,238	73,238	43,155	43,155	43,155	43,155	43,155	44,144	7,510
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,585	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	29,083	29,083	29,083	28,840	28,209	32,836	3,551
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	148,030	187,583	218,683	218,683	218,683	73,238	73,238	73,238	72,238	72,238	72,238	71,995	71,364	76,980	1,129,061
total assets	148,030	187,583	218,683	218,683	218,683	73,238	73,238	73,238	72,238	72,238	72,238	71,995	71,364	76,980	1,129,061
Bank overdraft	0	0	0	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	919,476	922,131	931,819	942,764	942,927	791,247	763,132	719,259	685,202	670,326	664,700	637,082	681,819	754,050	702,334
Group/Directors Accounts	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	919,476	922,131	931,819	942,764	942,927	791,247	763,132	719,259	685,202	670,326	664,700	637,082	681,819	754,050	702,334
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	5,466	6,480	5,700	5,420	6,760	0	5,420	5,420	0	0	0	0	0	0	0
other liabilities	175,863	212,178	229,869	257,902	265,639	0	312,189	335,240	356,720	377,231	395,377	415,878	414,132	410,000	933,896
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	181,329	218,658	235,569	263,322	272,399	293,529	317,609	340,660	356,720	377,231	395,377	415,878	414,132	410,000	933,896
total liabilities	1,100,805	1,140,789	1,167,388	1,206,086	1,215,326	1,084,776	1,080,741	1,059,919	1,041,922	1,047,557	1,060,077	1,052,960	1,095,951	1,164,050	1,636,230
net assets	-952,775	-953,206	-948,705	-987,403	-996,643	-1,011,538	-1,007,503	-986,681	-969,684	-975,319	-987,839	-980,965	-1,024,587	-1,087,070	-507,169
total shareholders funds	-952,775	-953,206	-948,705	-987,403	-996,643	-1,011,538	-1,007,503	-986,681	-969,684	-975,319	-987,839	-980,965	-1,024,587	-1,087,070	-507,169

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	575	-4,501	47,775	11,407	18,389	-4,035	-20,822	-16,933	6,898	15,703	-7,019	57,255	84,284	-1,117,926	42,581
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	-144	0	-9,077	-2,167	-3,494	0	0	0	-1,409	-3,328	0	-13,775	-21,953	0	-11,925
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,118,000	1,118,000
Debtors	-39,553	-31,100	0	0	145,445	0	0	30,083	0	0	0	0	-989	36,634	7,510
Creditors	-2,655	-9,688	-10,945	-163	151,680	28,115	43,873	34,057	14,876	5,626	27,618	-44,737	-72,231	51,716	702,334
Accruals and Deferred Income	-1,014	780	280	-1,340	6,760	-5,420	0	5,420	0	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	36,315	17,691	28,033	7,737	27,890	18,660	23,051	-7,539	20,365	18,001	20,599	-1,257	-8,911	15,156	-392,520
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	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	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	-36,315	-17,691	-28,033	-7,737	265,639	-312,189	-23,051	-21,480	-20,511	-18,146	-20,501	1,746	4,132	-523,896	933,896
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	537,934	-537,834
interest	0	0	0	0	0	0	0	36	145	145	145	143	153	91	9
cash flow from financing	-36,315	-17,691	-28,033	-7,737	265,639	-312,189	-23,051	-21,544	-20,366	-18,001	-20,356	1,889	4,285	14,129	396,071
cash and cash equivalents
cash	0	0	0	0	0	0	0	-29,083	0	0	243	631	-4,627	29,285	3,551
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-29,083	0	0	243	631	-4,627	29,285	3,551

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for city development estates ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N16 area or any other competitors across 12 key performance metrics.

CITY DEVELOPMENT ESTATES LTD group structure

City Development Estates Ltd has no subsidiary companies.

Ultimate parent company

CITY DEVELOPMENT ESTATES LTD

04929220

CITY DEVELOPMENT ESTATES LTD Shareholders

ram murti dhir	84%
sanjeev dhir	8%
atique choudhury	8%

City Development Estates Ltd currently has 3 directors. The longest serving directors include Mr Sanjeev Dhir (Oct 2003) and Mr Ram Dhir (Nov 2006).

officer	country	age	start	end	role
Mr Sanjeev Dhir	England	50 years	Oct 2003	-	Director
Mr Ram Dhir	United Kingdom	83 years	Nov 2006	-	Director
Mr Atique Choudhury	England	61 years	Jun 2009	-	Director

P&L

October 2023

turnover

+5%

operating profit

574.7

gross margin

12.9%

+9.63%

turnover

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

Balance Sheet

October 2023

net assets

-952.8k

total assets

148k

-0.21%

cash

net assets

Total assets minus all liabilities

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company number

04929220

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

October 2003

ultimate parent company

None

previous names

N/A

address

aspect house, 16 wilmer place, stoke newington, london, N16 0LQ

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 8 charges/mortgages relating to city development estates ltd. Currently there are 6 open charges and 2 have been satisfied in the past.

city development estates ltd Company Information

city development estates ltd Estimated Valuation

city development estates ltd Estimated Valuation

city development estates ltd Estimated Valuation

City Development Estates Ltd Overview

City Development Estates Ltd Health Check

CITY DEVELOPMENT ESTATES LTD financials

city development estates ltd Credit Report and Business Information

City Development Estates Ltd Competitor Analysis

city development estates ltd Ownership

city development estates ltd directors

city development estates ltd company details

city development estates ltd Charges & Mortgages

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