home connections lettings limited

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home connections lettings limited Company Information

Share HOME CONNECTIONS LETTINGS LIMITED

Company Number

05375099

Shareholders

-

Group Structure

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Industry

Business and domestic software development

 

Registered Address

united house north road, london, N7 9DP

home connections lettings limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of HOME CONNECTIONS LETTINGS LIMITED at £2.1m based on a Turnover of £2.3m and 0.9x industry multiple (adjusted for size and gross margin).

home connections lettings limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of HOME CONNECTIONS LETTINGS LIMITED at £1.8m based on an EBITDA of £323k and a 5.5x industry multiple (adjusted for size and gross margin).

home connections lettings limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of HOME CONNECTIONS LETTINGS LIMITED at £2.6m based on Net Assets of £1.1m and 2.38x industry multiple (adjusted for liquidity).

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Home Connections Lettings Limited Overview

Home Connections Lettings Limited is a live company located in london, N7 9DP with a Companies House number of 05375099. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2005, it's largest shareholder is unknown. Home Connections Lettings Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.

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Home Connections Lettings Limited Health Check

Pomanda's financial health check has awarded Home Connections Lettings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£3.8m)

£2.3m - Home Connections Lettings Limited

£3.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.5%)

7% - Home Connections Lettings Limited

10.5% - Industry AVG

production

Production

with a gross margin of 71.8%, this company has a comparable cost of product (71.8%)

71.8% - Home Connections Lettings Limited

71.8% - Industry AVG

profitability

Profitability

an operating margin of 2.5% make it less profitable than the average company (3.9%)

2.5% - Home Connections Lettings Limited

3.9% - Industry AVG

employees

Employees

with 30 employees, this is similar to the industry average (34)

30 - Home Connections Lettings Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)

£67.9k - Home Connections Lettings Limited

£67.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £78k, this is less efficient (£119.5k)

£78k - Home Connections Lettings Limited

£119.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 44 days, this is earlier than average (59 days)

44 days - Home Connections Lettings Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (39 days)

29 days - Home Connections Lettings Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Home Connections Lettings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 56 weeks, this is more cash available to meet short term requirements (18 weeks)

56 weeks - Home Connections Lettings Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 50.6%, this is a lower level of debt than the average (59.5%)

50.6% - Home Connections Lettings Limited

59.5% - Industry AVG

HOME CONNECTIONS LETTINGS LIMITED financials

EXPORTms excel logo

Home Connections Lettings Limited's latest turnover from March 2024 is estimated at £2.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Home Connections Lettings Limited has 30 employees and maintains cash reserves of £947.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,341,0302,886,5732,566,2961,904,1912,034,2913,314,4391,709,436819,9531,589,2843,147,4572,027,1451,224,7621,258,1411,280,5461,100,671
Other Income Or Grants
Cost Of Sales661,003824,885693,177525,889528,716850,323456,501217,614398,719756,099501,339289,767288,701274,026292,790
Gross Profit1,680,0262,061,6881,873,1191,378,3021,505,5752,464,1161,252,935602,3401,190,5652,391,3581,525,806934,995969,4401,006,521807,881
Admin Expenses1,621,7721,792,4741,734,2411,500,7901,332,2142,202,9351,098,014490,9091,044,4902,283,5261,723,4961,003,405984,107844,532593,272
Operating Profit58,254269,214138,878-122,488173,361261,181154,921111,431146,075107,832-197,690-68,410-14,667161,989214,609
Interest Payable4,0074,6383,3751,525
Interest Receivable49,55630,9564,4265795658,8556,5281,8582,4282,2462,8413,0392,1761,413754
Pre-Tax Profit103,803295,532139,928-123,434173,926270,036161,448113,289148,504110,077-194,849-65,371-12,491163,401215,364
Tax-25,951-56,151-26,586-33,046-51,307-30,675-22,658-29,701-23,116-45,752-60,302
Profit After Tax77,852239,381113,342-123,434140,880218,729130,77390,631118,80386,961-194,849-65,371-12,491117,649155,062
Dividends Paid
Retained Profit77,852239,381113,342-123,434140,880218,729130,77390,631118,80386,961-194,849-65,371-12,491117,649155,062
Employee Costs2,037,9861,967,2511,830,3491,581,9841,829,8431,570,0631,058,087682,590593,8481,553,2061,026,160627,480677,757654,805587,943
Number Of Employees303030283226181211291912131312
EBITDA*322,973520,375361,24368,596310,135424,946278,185245,987299,162225,080-58,76551,501109,535253,988294,673

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets10,7029,75612,06214,5298,5366,7316,55415,17411,00357,686110,579190,795284,493201,052198,743
Intangible Assets737,821745,827709,488699,617711,684459,147222,568248,779239,652193,026127,01786,321
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets748,523755,583721,550714,146720,220465,878229,122263,953250,655250,712237,596277,116284,493201,052198,743
Stock & work in progress
Trade Debtors286,230525,716440,320269,290253,462786,507323,611110,490362,156579,377342,536197,375206,970228,111184,802
Group Debtors
Misc Debtors232,675140,588155,368141,681190,676247,16612,40024,23222,575
Cash947,188940,653516,115664,079494,239635,6231,725,647885,378600,805370,565527,657608,732606,964263,276301,778
misc current assets
total current assets1,466,0931,606,9571,111,8031,075,050938,3771,669,2962,061,6581,020,100985,536949,942870,193806,107813,934491,387486,580
total assets2,214,6162,362,5401,833,3531,789,1961,658,5972,135,1742,290,7801,284,0531,236,1911,200,6541,107,7891,083,2231,098,427692,439685,323
Bank overdraft
Bank loan9,9949,7479,506
Trade Creditors 53,536161,85032,117117,594154,244349,302148,11740,41411,217633,466584,275625,576679,414272,709259,506
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities808,940986,172657,839488,612427,898776,8091,478,577614,413644,350
total current liabilities872,4701,157,769699,462606,206582,1421,126,1111,626,694654,827655,567633,466584,275625,576679,414272,709259,506
loans20,75230,74640,49450,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions227,476157,959119,88294,61786,36850,25629,41833,24730,83629,803233,91525,1745,16915,7959,691
total long term liabilities248,228188,705357,206519,647289,678363,166236,918242,407284,436389,803233,915172,37468,36956,595180,331
total liabilities1,120,6981,346,4741,056,6681,125,853871,8201,489,2771,863,612897,234940,0031,023,269818,190797,950747,783329,304439,837
net assets1,093,9181,016,066776,685663,343786,777645,897427,168386,819296,188177,385289,599285,273350,644363,135245,486
total shareholders funds1,093,9181,016,066776,685663,343786,777645,897427,168386,819296,188177,385289,599285,273350,644363,135245,486
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit58,254269,214138,878-122,488173,361261,181154,921111,431146,075107,832-197,690-68,410-14,667161,989214,609
Depreciation5,8696,0196,1134,0303,0246,5648,62014,93065,73260,197105,180104,855124,20291,99980,064
Amortisation258,850245,142216,252187,054133,750157,201114,644119,62687,35557,05133,74515,056
Tax-25,951-56,151-26,586-33,046-51,307-30,675-22,658-29,701-23,116-45,752-60,302
Stock
Debtors-147,39970,616184,717-33,167-589,535697,662201,289-250,009-194,646236,841145,161-9,595-21,14143,309184,802
Creditors-108,314129,733-85,477-36,650-195,058201,185107,70329,197-622,24949,191-41,301-53,838406,70513,203259,506
Accruals and Deferred Income-177,232328,333169,22760,714-348,911-701,768864,164-29,937644,350
Deferred Taxes & Provisions69,51738,07725,2658,24936,11220,838-3,8292,4111,033-204,112208,74120,005-10,6266,1049,691
Cash flow from operations228,392889,751258,955134,076358,767-803,7681,014,259475,009487,241-189,798-36,48627,263526,755184,234318,766
Investing Activities
capital expenditure-257,659-285,194-229,769-185,010-391,116-400,521-88,433-147,854-153,030-130,364-99,405-112,534-207,643-94,308-278,807
Change in Investments
cash flow from investments-257,659-285,194-229,769-185,010-391,116-400,521-88,433-147,854-153,030-130,364-99,405-112,534-207,643-94,308-278,807
Financing Activities
Bank loans2472419,506
Group/Directors Accounts
Other Short Term Loans
Long term loans-9,994-9,748-9,50650,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-90,424-199,175199,17590,424
interest45,54926,3181,051-9465658,8556,5281,8582,4282,2462,8413,0392,1761,413754
cash flow from financing35,80216,8111,05149,0545658,855-83,8961,8582,428-196,929202,0163,0392,1761,41391,178
cash and cash equivalents
cash6,535424,538-147,964169,840-141,384-1,090,024840,269284,573230,240-157,092-81,0751,768343,688-38,502301,778
overdraft
change in cash6,535424,538-147,964169,840-141,384-1,090,024840,269284,573230,240-157,092-81,0751,768343,688-38,502301,778

home connections lettings limited 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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Home Connections Lettings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for home connections lettings limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N 7 area or any other competitors across 12 key performance metrics.

home connections lettings limited Ownership

HOME CONNECTIONS LETTINGS LIMITED group structure

Home Connections Lettings Limited has no subsidiary companies.

Ultimate parent company

HOME CONNECTIONS LETTINGS LIMITED

05375099

HOME CONNECTIONS LETTINGS LIMITED Shareholders

--

home connections lettings limited directors

Home Connections Lettings Limited currently has 6 directors. The longest serving directors include Mrs Kameljit Basra (Feb 2014) and Mr Ninesh Muthiah (Feb 2014).

officercountryagestartendrole
Mrs Kameljit Basra46 years Feb 2014- Director
Mr Ninesh Muthiah64 years Feb 2014- Director
Mr Stephen Harriott65 years Nov 2019- Director
Ms Gillian Matthews49 years Aug 2022- Director
Mr Mark Meehan62 years Mar 2023- Director
Mr Ramesh Logeswaran49 years Jul 2024- Director

P&L

March 2024

turnover

2.3m

-19%

operating profit

58.3k

0%

gross margin

71.8%

+0.48%

turnover

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

Balance Sheet

March 2024

net assets

1.1m

+0.08%

total assets

2.2m

-0.06%

cash

947.2k

+0.01%

net assets

Total assets minus all liabilities

home connections lettings limited company details

company number

05375099

Type

Private Ltd By Guarantee w/o Share Cap

industry

62012 - Business and domestic software development

incorporation date

February 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

JAMES COWPER KRESTON AUDIT

address

united house north road, london, N7 9DP

Bank

-

Legal Advisor

-

home connections lettings 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 did not find charges/mortgages relating to home connections lettings limited.

home connections lettings 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.

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home connections lettings limited Companies House Filings - See Documents

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