Gh Lettings Limited

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gh lettings limited Company Information

Company Number

04998645

Next Accounts

Sep 2025

Directors

Alan Lee

Audrey Lee

Shareholders

alan lee

audrey lee

Group Structure

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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

43 warkworth drive, chester le street, county durham, DH2 3TH

Website

gh lettings limited Estimated Valuation

£113.3k

Pomanda estimates the enterprise value of GH LETTINGS LIMITED at £113.3k based on a Turnover of £48.2k and 2.35x industry multiple (adjusted for size and gross margin).

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Gh Lettings Limited is a live company located in county durham, DH2 3TH with a Companies House number of 04998645. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2003, it's largest shareholder is alan lee with a 50% stake. Gh Lettings Limited is a mature, micro sized company, Pomanda has estimated its turnover at £48.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Gh Lettings Limited a 1.5 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

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £48.2k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (3.6%)

EXPORT

Gh Lettings Limited's latest turnover from December 2023 is estimated at £48.2 thousand and the company has net assets of £45.9 thousand. According to their latest financial statements, Gh Lettings Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	48,228	48,704	93,410	81,379	78,310	60,634	51,337	59,822	35,673	51,685	46,409	46,438	39,441	34,100	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	35,470	36,760	71,117	61,576	59,012	44,961	37,212	42,273	26,076	38,992	35,825	35,800	30,326	25,258	0
Gross Profit	12,757	11,944	22,293	19,804	19,298	15,673	14,124	17,549	9,597	12,694	10,584	10,638	9,115	8,842	0
Admin Expenses	13,719	18,541	16,125	-38,850	16,572	14,948	14,396	1,520	32,306	-16,813	-17,540	-13,563	-17,045	-19,394	-17,819
Operating Profit	-962	-6,597	6,168	58,654	2,726	725	-272	16,029	-22,709	29,507	28,124	24,201	26,160	28,236	17,819
Interest Payable	0	0	0	0	0	0	0	9,371	19,492	19,492	19,492	19,492	19,492	19,492	9,746
Interest Receivable	0	0	0	0	0	0	0	7	32	36	25	17	24	21	8
Pre-Tax Profit	-962	-6,597	6,168	58,654	2,726	725	-272	6,665	-42,169	10,052	8,657	4,726	6,692	8,765	8,081
Tax	0	0	-1,172	-11,144	-518	-138	0	-1,333	0	-2,111	-1,991	-1,134	-1,740	-2,454	-2,263
Profit After Tax	-962	-6,597	4,996	47,510	2,208	587	-272	5,332	-42,169	7,941	6,666	3,592	4,952	6,311	5,818
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-962	-6,597	4,996	47,510	2,208	587	-272	5,332	-42,169	7,941	6,666	3,592	4,952	6,311	5,818
Employee Costs	33,124	31,262	30,176	28,415	29,111	28,099	26,715	26,667	26,667	25,689	24,500	24,197	23,830	24,060	0
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0
EBITDA*	-962	-6,597	6,168	58,654	2,726	725	-272	16,029	-22,709	29,507	28,124	24,201	26,160	28,236	17,819

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	413,598	413,719	413,841	413,963	370,000	370,000	370,000	370,000	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	370,000	413,475	413,475	413,475	413,475	413,475	413,475
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	413,598	413,719	413,841	413,963	370,000	370,000	370,000	370,000	370,000	413,475	413,475	413,475	413,475	413,475	413,475
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,947	4,158	22,984	15,253	10,921	7,429	5,914	8,863	1,775	3,871	2,141	2,074	469	484	538
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	449	411	408	392	408	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	5,347	7,539	7,040	2,933	3,989	5,442	3,155
misc current assets	0	0	0	0	0	412	393	335	0	0	0	0	0	0	0
total current assets	3,396	4,569	23,392	15,645	11,329	7,841	6,307	9,198	7,122	11,410	9,181	5,007	4,458	5,926	3,693
total assets	416,994	418,288	437,233	429,608	381,329	377,841	376,307	379,198	377,122	424,885	422,656	418,482	417,933	419,401	417,168
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	71,206	71,538	83,886	81,257	80,488	79,208	78,261	80,880	83,136	88,730	94,442	96,934	99,977	106,397	110,475
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	71,206	71,538	83,886	81,257	80,488	79,208	78,261	80,880	83,136	88,730	94,442	96,934	99,977	106,397	110,475
loans	0	0	0	0	0	0	0	0	299,875	299,875	299,875	299,875	299,875	299,875	299,875
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	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	0	0	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	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875	299,875
total liabilities	371,081	371,413	383,761	381,132	380,363	379,083	378,136	380,755	383,011	388,605	394,317	396,809	399,852	406,272	410,350
net assets	45,913	46,875	53,472	48,476	966	-1,242	-1,829	-1,557	-5,889	36,280	28,339	21,673	18,081	13,129	6,818
total shareholders funds	45,913	46,875	53,472	48,476	966	-1,242	-1,829	-1,557	-5,889	36,280	28,339	21,673	18,081	13,129	6,818

	Dec 2023	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	-962	-6,597	6,168	58,654	2,726	725	-272	16,029	-22,709	29,507	28,124	24,201	26,160	28,236	17,819
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	-1,172	-11,144	-518	-138	0	-1,333	0	-2,111	-1,991	-1,134	-1,740	-2,454	-2,263
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,173	-18,823	7,747	4,316	3,900	1,515	-2,949	7,088	-2,096	1,730	67	1,605	-15	-54	538
Creditors	-332	-12,348	2,629	769	1,280	947	-2,619	-2,256	-5,594	-5,712	-2,492	-3,043	-6,420	-4,078	110,475
Accruals and Deferred Income	0	0	0	0	0	0	0	0	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	-121	-122	-122	43,963	-412	19	58	5,352	-26,207	19,954	23,574	18,419	18,015	21,758	125,493
Investing Activities
capital expenditure	121	122	122	-43,963	0	0	0	-370,000	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	-370,000	-43,475	0	0	0	0	0	413,475
cash flow from investments	121	122	122	-43,963	0	0	0	0	43,475	0	0	0	0	0	-413,475
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	-299,875	0	0	0	0	0	0	299,875
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	299,875	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	0	0	-9,364	-19,460	-19,456	-19,467	-19,475	-19,468	-19,471	-9,738
cash flow from financing	0	0	0	0	0	0	0	-10,364	-19,460	-19,456	-19,467	-19,475	-19,468	-19,471	291,137
cash and cash equivalents
cash	0	0	0	0	0	0	0	-5,347	-2,192	499	4,107	-1,056	-1,453	2,287	3,155
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	-5,347	-2,192	499	4,107	-1,056	-1,453	2,287	3,155

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GH LETTINGS LIMITED group structure

Gh Lettings Limited has no subsidiary companies.

Ultimate parent company

GH LETTINGS LIMITED

04998645

GH LETTINGS LIMITED Shareholders

alan lee	50%
audrey lee	50%

Gh Lettings Limited currently has 2 directors. The longest serving directors include Mr Alan Lee (Feb 2004) and Mrs Audrey Lee (Jun 2016).

officer	country	age	start	end	role
Mr Alan Lee		67 years	Feb 2004	-	Director
Mrs Audrey Lee	England	68 years	Jun 2016	-	Director

P&L

December 2023

turnover

48.2k

-1%

operating profit

-962

gross margin

26.5%

+7.87%

turnover

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

Balance Sheet

December 2023

net assets

45.9k

-0.02%

total assets

417k

cash

net assets

Total assets minus all liabilities

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company number

04998645

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

December 2003

ultimate parent company

None

previous names

sunnyflower limited (February 2004)

address

43 warkworth drive, chester le street, county durham, DH2 3TH

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 6 charges/mortgages relating to gh lettings limited. Currently there are 5 open charges and 1 have been satisfied in the past.

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gh lettings limited Company Information

gh lettings limited Estimated Valuation

gh lettings limited Estimated Valuation

gh lettings limited Estimated Valuation

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