old rec cottages limited
old rec cottages limited Company Information
Company Number
04943148
Next Accounts
Jul 2025
Shareholders
helen ann morgan
andrew john morgan
Group Structure
View All
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
the old rectory, cellan, lampeter, ceredigion, SA48 8HX
Website
www.oldreccottages.comold rec cottages limited Estimated Valuation
Pomanda estimates the enterprise value of OLD REC COTTAGES LIMITED at £36.4k based on a Turnover of £15.3k and 2.39x industry multiple (adjusted for size and gross margin).
old rec cottages limited Estimated Valuation
Pomanda estimates the enterprise value of OLD REC COTTAGES LIMITED at £14.5k based on an EBITDA of £3.1k and a 4.66x industry multiple (adjusted for size and gross margin).
old rec cottages limited Estimated Valuation
Pomanda estimates the enterprise value of OLD REC COTTAGES LIMITED at £293.6k based on Net Assets of £168.2k and 1.75x industry multiple (adjusted for liquidity).
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Old Rec Cottages Limited Overview
Old Rec Cottages Limited is a live company located in lampeter, SA48 8HX with a Companies House number of 04943148. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2003, it's largest shareholder is helen ann morgan with a 50% stake. Old Rec Cottages Limited is a mature, micro sized company, Pomanda has estimated its turnover at £15.3k with declining growth in recent years.
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Old Rec Cottages Limited Health Check
Pomanda's financial health check has awarded Old Rec Cottages Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £15.3k, make it smaller than the average company (£847.4k)
- Old Rec Cottages Limited
£847.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.9%)
- Old Rec Cottages Limited
2.9% - Industry AVG
Production
with a gross margin of 30.1%, this company has a higher cost of product (73%)
- Old Rec Cottages Limited
73% - Industry AVG
Profitability
an operating margin of 20.3% make it less profitable than the average company (27.1%)
- Old Rec Cottages Limited
27.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Old Rec Cottages Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
- Old Rec Cottages Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £15.3k, this is less efficient (£180.3k)
- Old Rec Cottages Limited
£180.3k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (32 days)
- Old Rec Cottages Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 1065 days, this is slower than average (35 days)
- Old Rec Cottages Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Old Rec Cottages Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Old Rec Cottages Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.6%, this is a lower level of debt than the average (67.7%)
15.6% - Old Rec Cottages Limited
67.7% - Industry AVG
OLD REC COTTAGES LIMITED financials
Old Rec Cottages Limited's latest turnover from October 2023 is estimated at £15.3 thousand and the company has net assets of £168.2 thousand. According to their latest financial statements, we estimate that Old Rec Cottages Limited has 1 employee 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* 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 | 197,652 | 197,652 | 198,904 | 200,156 | 201,408 | 202,661 | 304 | 318,928 | 431,894 | 532,808 | 533,964 | 184,213 | |||
| Intangible Assets | |||||||||||||||
| Investments & Other | 197,652 | 317,652 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 197,652 | 197,652 | 198,904 | 200,156 | 201,408 | 202,661 | 197,652 | 317,956 | 318,928 | 431,894 | 532,808 | 533,964 | 184,213 | ||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,698 | 2,373 | 2,003 | 1,488 | 3,117 | 1,228 | 1,089 | 3,150 | 1,594 | 646 | 46,520 | 133 | |||
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,230 | 3,077 | |||||||||||||
| Cash | 18,581 | 4,499 | 1,084 | 93,904 | 477,829 | 3,488 | |||||||||
| misc current assets | 674 | ||||||||||||||
| total current assets | 1,698 | 2,373 | 2,003 | 1,488 | 3,117 | 1,902 | 19,811 | 3,077 | 5,588 | 3,150 | 1,594 | 1,730 | 140,424 | 477,962 | 3,488 |
| total assets | 199,350 | 200,025 | 200,907 | 201,644 | 204,525 | 204,563 | 217,463 | 321,033 | 324,516 | 435,044 | 534,402 | 535,694 | 140,424 | 477,962 | 187,701 |
| Bank overdraft | 3,111 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 31,175 | 34,175 | 36,449 | 37,668 | 38,792 | 39,286 | 400 | 173,568 | 293,323 | 389,477 | 393,730 | 500 | 332,900 | 178,001 | |
| Group/Directors Accounts | 49,823 | 168,493 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,039 | 694 | |||||||||||||
| total current liabilities | 31,175 | 34,175 | 36,449 | 37,668 | 38,792 | 39,286 | 50,862 | 172,698 | 173,568 | 293,323 | 389,477 | 393,730 | 500 | 332,900 | 178,001 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 675 | 736 | |||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 675 | 736 | |||||||||||||
| total liabilities | 31,175 | 34,175 | 36,449 | 37,668 | 39,467 | 40,022 | 50,862 | 172,698 | 173,568 | 293,323 | 389,477 | 393,730 | 500 | 332,900 | 178,001 |
| net assets | 168,175 | 165,850 | 164,458 | 163,976 | 165,058 | 164,541 | 166,601 | 148,335 | 150,948 | 141,721 | 144,925 | 141,964 | 139,924 | 145,062 | 9,700 |
| total shareholders funds | 168,175 | 165,850 | 164,458 | 163,976 | 165,058 | 164,541 | 166,601 | 148,335 | 150,948 | 141,721 | 144,925 | 141,964 | 139,924 | 145,062 | 9,700 |
| 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 | |||||||||||||||
| Depreciation | 304 | 1,353 | 1,277 | 1,277 | 1,156 | 1,156 | 2,054 | ||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -675 | 370 | 515 | -1,629 | 1,889 | -2 | -1,847 | 1,988 | -2,061 | 1,556 | 948 | -45,874 | 46,387 | 133 | |
| Creditors | -3,000 | -2,274 | -1,219 | -1,124 | -494 | 39,286 | -400 | -173,168 | -119,755 | -96,154 | -4,253 | 393,230 | -332,400 | 154,899 | 178,001 |
| Accruals and Deferred Income | -675 | -61 | -303 | 345 | 694 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -197,652 | -120,000 | 317,652 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -49,823 | -118,670 | 168,493 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -18,581 | 18,581 | -4,499 | 4,499 | -1,084 | -92,820 | -383,925 | 474,341 | 3,488 | ||||||
| overdraft | -3,111 | 3,111 | |||||||||||||
| change in cash | -18,581 | 21,692 | -7,610 | 4,499 | -1,084 | -92,820 | -383,925 | 474,341 | 3,488 |
old rec cottages limited Credit Report and Business Information
Old Rec Cottages Limited Competitor Analysis
Perform a competitor analysis for old rec cottages limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SA48 area or any other competitors across 12 key performance metrics.
old rec cottages limited Ownership
OLD REC COTTAGES LIMITED group structure
Old Rec Cottages Limited has no subsidiary companies.
Ultimate parent company
OLD REC COTTAGES LIMITED
04943148
old rec cottages limited directors
Old Rec Cottages Limited currently has 5 directors. The longest serving directors include Ms Helen Morgan (Oct 2003) and Mr Andrew Morgan (Oct 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Helen Morgan | 61 years | Oct 2003 | - | Director | |
| Mr Andrew Morgan | 64 years | Oct 2003 | - | Director | |
| Mr Steffan Morgan | United Kingdom | 32 years | Feb 2012 | - | Director |
| Mr Iolo Morgan | United Kingdom | 30 years | Nov 2015 | - | Director |
| Mr Tomos Morgan | 27 years | Nov 2020 | - | Director |
P&L
October 2023turnover
15.3k
-18%
operating profit
3.1k
0%
gross margin
30.1%
+4.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
168.2k
+0.01%
total assets
199.4k
0%
cash
0
0%
net assets
Total assets minus all liabilities
old rec cottages limited company details
company number
04943148
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 2003
age
22
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
the old rectory, cellan, lampeter, ceredigion, SA48 8HX
Bank
-
Legal Advisor
-
old rec cottages limited Charges & Mortgages
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 1 charges/mortgages relating to old rec cottages limited. Currently there are 1 open charges and 0 have been satisfied in the past.
old rec cottages limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for OLD REC COTTAGES LIMITED. This can take several minutes, an email will notify you when this has completed.
old rec cottages limited Companies House Filings - See Documents
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