let it ltd.

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let it ltd. Company Information

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Company Number

05168233

Directors

Diane Ashley

Shareholders

keel & colley limited

Group Structure

View All

Industry

Management of real estate on a fee or contract basis

 

Registered Address

let it house, lombard street, newark, nottinghamshire, NG24 1XG

let it ltd. Estimated Valuation

£676.3k

Pomanda estimates the enterprise value of LET IT LTD. at £676.3k based on a Turnover of £270.5k and 2.5x industry multiple (adjusted for size and gross margin).

let it ltd. Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of LET IT LTD. at £1.1m based on an EBITDA of £167.6k and a 6.59x industry multiple (adjusted for size and gross margin).

let it ltd. Estimated Valuation

£2m

Pomanda estimates the enterprise value of LET IT LTD. at £2m based on Net Assets of £1.1m and 1.82x industry multiple (adjusted for liquidity).

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Let It Ltd. Overview

Let It Ltd. is a live company located in nottinghamshire, NG24 1XG with a Companies House number of 05168233. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in July 2004, it's largest shareholder is keel & colley limited with a 100% stake. Let It Ltd. is a mature, micro sized company, Pomanda has estimated its turnover at £270.5k with healthy growth in recent years.

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Let It Ltd. Health Check

Pomanda's financial health check has awarded Let It Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £270.5k, make it in line with the average company (£319.6k)

£270.5k - Let It Ltd.

£319.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.7%)

8% - Let It Ltd.

3.7% - Industry AVG

production

Production

with a gross margin of 70.3%, this company has a comparable cost of product (70.3%)

70.3% - Let It Ltd.

70.3% - Industry AVG

profitability

Profitability

an operating margin of 61.8% make it more profitable than the average company (7.3%)

61.8% - Let It Ltd.

7.3% - Industry AVG

employees

Employees

with 8 employees, this is above the industry average (6)

8 - Let It Ltd.

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)

£40.3k - Let It Ltd.

£40.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £33.8k, this is less efficient (£99.8k)

£33.8k - Let It Ltd.

£99.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (49 days)

24 days - Let It Ltd.

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (33 days)

16 days - Let It Ltd.

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Let It Ltd.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (50 weeks)

1 weeks - Let It Ltd.

50 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.5%, this is a lower level of debt than the average (53.9%)

18.5% - Let It Ltd.

53.9% - Industry AVG

LET IT LTD. financials

EXPORTms excel logo

Let It Ltd.'s latest turnover from October 2023 is estimated at £270.5 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Let It Ltd. has 8 employees and maintains cash reserves of £7.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Aug 2011Aug 2010Aug 2009
Turnover270,502238,427179,137216,976205,147209,236208,489214,2093,245,2942,258,820187,4631,283,7541,484,7711,275,003
Other Income Or Grants
Cost Of Sales80,27061,83645,86542,57737,37841,87636,41084,0701,751,0111,296,806105,626754,683901,178765,829
Gross Profit190,232176,591133,272174,400167,769167,360172,080130,1391,494,283962,01481,837529,070583,592509,174
Admin Expenses22,98915,328-44,5065,275-18,77862,461159,45042,3451,391,835832,84321,118474,960508,234455,266-67,245
Operating Profit167,243161,263177,778169,125186,547104,89912,63087,794102,448129,17160,71954,11075,35853,90867,245
Interest Payable28,27728,15325,58525,51028,28621,74012,29010,9819,84410,3465,276
Interest Receivable964762655016521214413510721726221815412472
Pre-Tax Profit139,929133,872152,258143,665158,42683,37248376,94992,711119,04255,70554,32875,51254,03267,317
Tax-34,982-25,436-28,929-27,296-30,101-15,841-92-15,390-18,542-24,999-12,812-13,039-19,633-15,129-18,849
Profit After Tax104,947108,436123,329116,369128,32567,53139161,55974,16994,04342,89341,28955,87938,90348,468
Dividends Paid
Retained Profit104,947108,436123,329116,369128,32567,53139161,55974,16994,04342,89341,28955,87938,90348,468
Employee Costs322,037308,285289,175310,135167,253160,227153,719131,616882,066602,14365,433362,814420,983365,764
Number Of Employees8889555426182111311
EBITDA*167,574161,485179,148169,432186,932106,09613,90188,803102,834129,17160,71954,74975,68254,45267,920

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Aug 2011Aug 2010Aug 2009
Tangible Assets266,629266,535270,082267,018267,325267,710268,907268,178266,847267,233267,89436,92036,73537,36237,907
Intangible Assets
Investments & Other167,365
Debtors (Due After 1 year)
Total Fixed Assets266,629266,535270,082267,018267,325267,710268,907268,178266,847267,233435,25936,92036,73537,36237,907
Stock & work in progress
Trade Debtors18,12112,3952,5175,23525,969390,714308,8199,857165,735170,423151,659167,571
Group Debtors1,062,2891,038,7671,010,973907,435769,084722,253411,136387,721
Misc Debtors3,4418,3675,7572,8213,2183,82746,251
Cash7,10629,60338,10092,0678,61735,34121,32493,49514,68528,28358,42946,34440,87620,87428,791
misc current assets1
total current assets1,090,9581,089,1321,057,3471,007,558806,888761,421432,464487,467405,399337,10268,286212,079211,299172,533196,362
total assets1,357,5871,355,6671,327,4291,274,5761,074,2131,029,131701,371755,645672,246604,335503,545248,999248,034209,895234,269
Bank overdraft185,27690,36786,67167,72177,08915,54514,390
Bank loan72,507
Trade Creditors 3,71726,47510,26211,49912,5693,4252,0101,16671,97965,09251,93364,293104,780122,520185,797
Group/Directors Accounts20,120
other short term finances
hp & lease commitments
other current liabilities21,83430,28238,76139,29925,12544,86952,51392,293
total current liabilities230,947147,124135,694118,519114,783120,80170,068107,84971,97965,09251,93364,293104,780122,520185,797
loans20,105206,955298,500385,950305,644382,849173,239190,118146,878156,014162,330
hp & lease commitments
Accruals and Deferred Income
other liabilities57,56061,52061,520
provisions83284332352466471181230326163
total long term liabilities20,105206,955298,583386,234305,976383,201173,705190,589204,619217,764224,176163
total liabilities251,052354,079434,277504,753420,759504,002243,773298,438276,598282,856276,10964,456104,780122,520185,797
net assets1,106,5351,001,588893,152769,823653,454525,129457,598457,207395,648321,479227,436184,543143,25487,37548,472
total shareholders funds1,106,5351,001,588893,152769,823653,454525,129457,598457,207395,648321,479227,436184,543143,25487,37548,472
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit167,243161,263177,778169,125186,547104,89912,63087,794102,448129,17160,71954,11075,35853,90867,245
Depreciation3312221,3703073851,1971,2711,009386639324544675
Amortisation
Tax-34,982-25,436-28,929-27,296-30,101-15,841-92-15,390-18,542-24,999-12,812-13,039-19,633-15,129-18,849
Stock
Debtors24,32240,282103,756117,22072,191314,94017,1683,25881,895298,962-155,878-4,68818,764-15,912167,571
Creditors-22,75816,213-1,237-1,0709,1441,415844-70,8136,88713,159-12,360-40,487-17,740-63,277185,797
Accruals and Deferred Income-8,448-8,479-53814,174-19,744-7,644-39,78092,293
Deferred Taxes & Provisions-83-201-48-20-114-5290-49-96163163
Cash flow from operations77,064103,41844,48737,97274,020-231,028-42,30091,9259,235-181,727191,5886,07419,545-8,04267,297
Investing Activities
capital expenditure-4253,325-4,434-2,000-2,340661-230,974-8243031-38,582
Change in Investments-167,365167,365
cash flow from investments-4253,325-4,434-2,000-2,340168,026-398,339-8243031-38,582
Financing Activities
Bank loans-72,50772,507
Group/Directors Accounts20,120
Other Short Term Loans
Long term loans-186,850-91,545-87,45080,306-77,205209,610-16,87943,240-9,136-6,316162,330
Hire Purchase and Lease Commitments
other long term liabilities-57,560-3,96061,520
share issue4
interest-27,313-27,391-25,520-25,460-28,121-21,528-12,146-10,846-9,737-10,129-5,01421815412472
cash flow from financing-194,043-118,936-112,97054,846-177,833260,589-29,025-25,166-22,833-16,445218,83621815412476
cash and cash equivalents
cash-22,497-8,497-53,96783,450-26,72414,017-72,17178,810-13,598-30,14612,0855,46820,002-7,91728,791
overdraft94,9093,69618,950-9,36877,089-15,5451,15514,390
change in cash-117,406-12,193-72,91792,818-103,81329,562-73,32664,420-13,598-30,14612,0855,46820,002-7,91728,791

let it ltd. Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Let It Ltd. Competitor Analysis

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Perform a competitor analysis for let it ltd. by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in NG24 area or any other competitors across 12 key performance metrics.

let it ltd. Ownership

LET IT LTD. group structure

Let It Ltd. has no subsidiary companies.

Ultimate parent company

1 parent

LET IT LTD.

05168233

LET IT LTD. Shareholders

keel & colley limited 100%

let it ltd. directors

Let It Ltd. currently has 1 director, Mrs Diane Ashley serving since Jul 2017.

officercountryagestartendrole
Mrs Diane Ashley63 years Jul 2017- Director

P&L

October 2023

turnover

270.5k

+13%

operating profit

167.2k

0%

gross margin

70.4%

-5.05%

turnover

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

Balance Sheet

October 2023

net assets

1.1m

+0.1%

total assets

1.4m

0%

cash

7.1k

-0.76%

net assets

Total assets minus all liabilities

let it ltd. company details

company number

05168233

Type

Private limited with Share Capital

industry

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

incorporation date

July 2004

age

21

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

October 2023

previous names

N/A

accountant

DUNCAN & TOPLIS LIMITED

auditor

-

address

let it house, lombard street, newark, nottinghamshire, NG24 1XG

Bank

-

Legal Advisor

-

let it 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 found 5 charges/mortgages relating to let it ltd.. Currently there are 1 open charges and 4 have been satisfied in the past.

let it 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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let it ltd. Companies House Filings - See Documents

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