the lettings place ltd
the lettings place ltd Company Information
Company Number
05057222
Next Accounts
Jan 2025
Industry
Other social work activities without accommodation n.e.c.
Shareholders
seamus bernard mcdermottore
paul flaherty
Group Structure
View All
Contact
Registered Address
1a davyhulme circle urmston, manchester, greater manchester, M41 0ST
Website
www.thelettingsplace.co.ukthe lettings place ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LETTINGS PLACE LTD at £28.2k based on a Turnover of £61.6k and 0.46x industry multiple (adjusted for size and gross margin).
the lettings place ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LETTINGS PLACE LTD at £0 based on an EBITDA of £-551 and a 4.58x industry multiple (adjusted for size and gross margin).
the lettings place ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LETTINGS PLACE LTD at £0 based on Net Assets of £-76.4k and 3.11x industry multiple (adjusted for liquidity).
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The Lettings Place Ltd Overview
The Lettings Place Ltd is a dissolved company that was located in greater manchester, M41 0ST with a Companies House number of 05057222. It operated in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in February 2004, it's largest shareholder was seamus bernard mcdermottore with a 50% stake. The last turnover for The Lettings Place Ltd was estimated at £61.6k.
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The Lettings Place Ltd Health Check
Pomanda's financial health check has awarded The Lettings Place Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
9 Weak
Size
annual sales of £61.6k, make it smaller than the average company (£456.4k)
- The Lettings Place Ltd
£456.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (5.2%)
- The Lettings Place Ltd
5.2% - Industry AVG
Production
with a gross margin of 67%, this company has a comparable cost of product (67%)
- The Lettings Place Ltd
67% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (3.6%)
- The Lettings Place Ltd
3.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
- The Lettings Place Ltd
13 - Industry AVG
Pay Structure
on an average salary of £23.6k, the company has an equivalent pay structure (£23.6k)
- The Lettings Place Ltd
£23.6k - Industry AVG
Efficiency
resulting in sales per employee of £30.8k, this is less efficient (£38.3k)
- The Lettings Place Ltd
£38.3k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is later than average (15 days)
- The Lettings Place Ltd
15 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (7 days)
- The Lettings Place Ltd
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Lettings Place Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (247 weeks)
4 weeks - The Lettings Place Ltd
247 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 675%, this is a higher level of debt than the average (12.9%)
675% - The Lettings Place Ltd
12.9% - Industry AVG
THE LETTINGS PLACE LTD financials
The Lettings Place Ltd's latest turnover from March 2023 is estimated at £61.6 thousand and the company has net assets of -£76.4 thousand. According to their latest financial statements, we estimate that The Lettings Place Ltd has 2 employees and maintains cash reserves of £8.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 90,784 | |||||||||||||
| 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 | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 952 | 1,057 | 1,181 | 1,327 | 1,499 | 1,762 | 2,072 | 2,437 | 2,867 | 3,373 | 3,968 | 4,666 | 5,489 | 6,458 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 955 | 912 | 912 | 3,503 | 0 |
| Total Fixed Assets | 952 | 1,057 | 1,181 | 1,327 | 1,499 | 1,762 | 2,072 | 2,437 | 2,867 | 4,328 | 4,880 | 5,578 | 8,992 | 6,458 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,128 | 28,783 | 26,612 | 25,748 | 31,735 | 8,720 | 9,645 | 25,248 | 31,782 | 34,280 | 16,680 | 15,780 | 27,623 | 31,574 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 1,390 | 1,564 | 5,493 | 6,185 | 5,565 | 5,390 | 0 | 0 | 0 | 0 | 0 | 4,076 |
| Cash | 8,209 | 10,795 | 17,785 | 11,104 | 0 | 6,557 | 3,296 | 4,790 | 9,677 | 10,512 | 11,875 | 11,302 | 9,229 | 10,832 |
| misc current assets | 0 | 0 | 0 | 0 | 496 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,337 | 39,578 | 45,787 | 38,416 | 37,724 | 21,462 | 18,506 | 35,428 | 41,459 | 44,792 | 28,555 | 27,082 | 36,852 | 46,482 |
| total assets | 13,289 | 40,635 | 46,968 | 39,743 | 39,223 | 23,224 | 20,578 | 37,865 | 44,326 | 49,120 | 33,435 | 32,660 | 45,844 | 52,940 |
| Bank overdraft | 0 | 0 | 3,036 | 4,233 | 30,687 | 7,932 | 5,482 | 8,045 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 256 | 735 | 872 | 1,027 | 0 | 402 | 251 | 75 | 40,088 | 31,406 | 26,600 | 18,488 | 28,055 | 30,375 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 89,446 | 116,060 | 131,536 | 139,019 | 79,559 | 80,070 | 61,387 | 64,552 | 23,074 | 23,440 | 6,406 | 5,892 | 8,981 | 12,856 |
| total current liabilities | 89,702 | 116,795 | 135,444 | 144,279 | 110,246 | 88,404 | 67,120 | 72,672 | 63,162 | 54,846 | 33,006 | 24,380 | 37,036 | 43,231 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 89,702 | 116,795 | 135,444 | 144,279 | 110,246 | 88,404 | 67,120 | 72,672 | 63,162 | 54,846 | 33,006 | 24,380 | 37,036 | 43,231 |
| net assets | -76,413 | -76,160 | -88,476 | -104,536 | -71,023 | -65,180 | -46,542 | -34,807 | -18,836 | -5,726 | 429 | 8,280 | 8,808 | 9,709 |
| total shareholders funds | -76,413 | -76,160 | -88,476 | -104,536 | -71,023 | -65,180 | -46,542 | -34,807 | -18,836 | -5,726 | 429 | 8,280 | 8,808 | 9,709 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 105 | 124 | 146 | 172 | 263 | 310 | 365 | 430 | 506 | 595 | 698 | 823 | 969 | 1,138 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -24,655 | 781 | 690 | -9,916 | 22,323 | -305 | -15,428 | -1,144 | -3,453 | 17,643 | 900 | -14,434 | -4,524 | 35,650 |
| Creditors | -479 | -137 | -155 | 1,027 | -402 | 151 | 176 | -40,013 | 8,682 | 4,806 | 8,112 | -9,567 | -2,320 | 30,375 |
| Accruals and Deferred Income | -26,614 | -15,476 | -7,483 | 59,460 | -511 | 18,683 | -3,165 | 41,478 | -366 | 17,034 | 514 | -3,089 | -3,875 | 12,856 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,586 | -6,990 | 6,681 | 11,104 | -6,557 | 3,261 | -1,494 | -4,887 | -835 | -1,363 | 573 | 2,073 | -1,603 | 10,832 |
| overdraft | 0 | -3,036 | -1,197 | -26,454 | 22,755 | 2,450 | -2,563 | 8,045 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,586 | -3,954 | 7,878 | 37,558 | -29,312 | 811 | 1,069 | -12,932 | -835 | -1,363 | 573 | 2,073 | -1,603 | 10,832 |
the lettings place ltd Credit Report and Business Information
The Lettings Place Ltd Competitor Analysis
Perform a competitor analysis for the lettings place ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in M41 area or any other competitors across 12 key performance metrics.
the lettings place ltd Ownership
THE LETTINGS PLACE LTD group structure
The Lettings Place Ltd has no subsidiary companies.
Ultimate parent company
THE LETTINGS PLACE LTD
05057222
the lettings place ltd directors
The Lettings Place Ltd currently has 2 directors. The longest serving directors include Mr Paul Flaherty (Feb 2004) and Mr Seamus McDermott Roe (Feb 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Flaherty | England | 51 years | Feb 2004 | - | Director |
| Mr Seamus McDermott Roe | 53 years | Feb 2004 | - | Director |
P&L
March 2023turnover
61.6k
-86%
operating profit
-656.8
0%
gross margin
67%
-10.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-76.4k
0%
total assets
13.3k
-0.67%
cash
8.2k
-0.24%
net assets
Total assets minus all liabilities
the lettings place ltd company details
company number
05057222
Type
Private limited with Share Capital
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
February 2004
age
20
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
1a davyhulme circle urmston, manchester, greater manchester, M41 0ST
Bank
-
Legal Advisor
-
the lettings place ltd 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 did not find charges/mortgages relating to the lettings place ltd.
the lettings place ltd 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.
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the lettings place ltd Companies House Filings - See Documents
| date | description | view/download |
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