adriatic land 1 (gr3) limited
adriatic land 1 (gr3) limited Company Information
Company Number
05489411
Next Accounts
22 days late
Industry
Management of real estate on a fee or contract basis
Shareholders
abacus land 4 limited
Group Structure
View All
Contact
Registered Address
6th floor, 125 london wall, london, EC2Y 5AS
Website
-adriatic land 1 (gr3) limited Estimated Valuation
Pomanda estimates the enterprise value of ADRIATIC LAND 1 (GR3) LIMITED at £3.4m based on a Turnover of £1.2m and 2.91x industry multiple (adjusted for size and gross margin).
adriatic land 1 (gr3) limited Estimated Valuation
Pomanda estimates the enterprise value of ADRIATIC LAND 1 (GR3) LIMITED at £0 based on an EBITDA of £-3.4m and a 8.03x industry multiple (adjusted for size and gross margin).
adriatic land 1 (gr3) limited Estimated Valuation
Pomanda estimates the enterprise value of ADRIATIC LAND 1 (GR3) LIMITED at £24.7m based on Net Assets of £13.8m and 1.78x industry multiple (adjusted for liquidity).
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Adriatic Land 1 (gr3) Limited Overview
Adriatic Land 1 (gr3) Limited is a live company located in london, EC2Y 5AS with a Companies House number of 05489411. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in June 2005, it's largest shareholder is abacus land 4 limited with a 100% stake. Adriatic Land 1 (gr3) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Adriatic Land 1 (gr3) Limited Health Check
Pomanda's financial health check has awarded Adriatic Land 1 (Gr3) Limited a 2.5 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
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.2m, make it larger than the average company (£353.3k)
£1.2m - Adriatic Land 1 (gr3) Limited
£353.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.3%)
-7% - Adriatic Land 1 (gr3) Limited
3.3% - Industry AVG
Production
with a gross margin of 68.1%, this company has a comparable cost of product (68.1%)
68.1% - Adriatic Land 1 (gr3) Limited
68.1% - Industry AVG
Profitability
an operating margin of -291.5% make it less profitable than the average company (7.5%)
-291.5% - Adriatic Land 1 (gr3) Limited
7.5% - Industry AVG
Employees
with 14 employees, this is above the industry average (6)
- Adriatic Land 1 (gr3) Limited
6 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Adriatic Land 1 (gr3) Limited
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £84.4k, this is equally as efficient (£88.9k)
- Adriatic Land 1 (gr3) Limited
£88.9k - Industry AVG
Debtor Days
it gets paid by customers after 236 days, this is later than average (47 days)
236 days - Adriatic Land 1 (gr3) Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 747 days, this is slower than average (35 days)
747 days - Adriatic Land 1 (gr3) Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Adriatic Land 1 (gr3) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (47 weeks)
1 weeks - Adriatic Land 1 (gr3) Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.1%, this is a higher level of debt than the average (58%)
74.1% - Adriatic Land 1 (gr3) Limited
58% - Industry AVG
ADRIATIC LAND 1 (GR3) LIMITED financials
Adriatic Land 1 (Gr3) Limited's latest turnover from March 2023 is £1.2 million and the company has net assets of £13.8 million. According to their latest financial statements, we estimate that Adriatic Land 1 (Gr3) Limited has 14 employees and maintains cash reserves of £550 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 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,181,000 | 12,319,000 | 7,177,000 | 1,485,000 | 1,596,000 | 1,426,000 | 4,741,000 | 1,932,000 | 777,000 | 839,000 | 1,253,000 | 599,028 | 916,554 | 951,435 | 837,258 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | -3,000 | 5,000 | 599,000 | 300,066 | 467,958 | 275,917 | 121,737 | ||||||||
| Gross Profit | 780,000 | 834,000 | 654,000 | 298,962 | 448,596 | 675,518 | 715,521 | ||||||||
| Admin Expenses | -351,000 | -6,667,000 | -458,000 | 65,860 | 118,700 | 411,634 | 429,287 | ||||||||
| Operating Profit | -3,443,000 | 11,896,000 | 6,884,000 | -9,329,000 | 676,000 | 1,289,000 | 4,406,000 | 1,592,000 | 1,131,000 | 7,501,000 | 1,112,000 | 233,102 | 329,896 | 263,884 | 286,234 |
| Interest Payable | 2,083,000 | 2,025,000 | 1,968,000 | 1,906,000 | 1,917,000 | 1,877,000 | 258,000 | 262,000 | 264,000 | 263,000 | 233,000 | 164,396 | 587,311 | 258,490 | 270,610 |
| Interest Receivable | 0 | 1,000 | 0 | 0 | 4,000 | 1,000 | 0 | 1,000 | 3,000 | 2,000 | 1,000 | 640 | 0 | 8,038 | 0 |
| Pre-Tax Profit | -5,526,000 | 9,872,000 | 4,916,000 | -11,235,000 | -1,237,000 | -587,000 | 4,148,000 | 1,331,000 | 870,000 | 7,240,000 | 880,000 | 142,896 | -259,693 | 13,432 | 15,624 |
| Tax | 0 | 0 | 0 | 31,000 | -105,000 | 0 | -36,000 | 0 | -3,000 | -41,000 | -5,000 | 0 | 72,058 | -46,913 | -6,230 |
| Profit After Tax | -5,526,000 | 9,872,000 | 4,916,000 | -11,204,000 | -1,342,000 | -587,000 | 4,112,000 | 1,331,000 | 867,000 | 7,199,000 | 875,000 | 142,896 | -187,635 | -33,481 | 9,394 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -5,526,000 | 9,872,000 | 4,916,000 | -11,204,000 | -1,342,000 | -587,000 | 4,112,000 | 1,331,000 | 867,000 | 7,199,000 | 875,000 | 142,896 | -187,635 | -33,481 | 9,394 |
| Employee Costs | 32,000 | 93,814 | 211,443 | 320,965 | |||||||||||
| Number Of Employees | 2 | 2 | 4 | 6 | |||||||||||
| EBITDA* | -3,443,000 | 11,896,000 | 6,884,000 | -9,329,000 | 676,000 | 1,289,000 | 4,406,000 | 1,592,000 | 1,131,000 | 7,501,000 | 1,112,000 | 233,102 | 329,896 | 265,621 | 287,483 |
* 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 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 51,612,000 | 53,604,000 | 43,038,000 | 37,417,000 | 47,199,000 | 48,476,000 | 48,416,000 | 18,829,000 | 17,668,000 | 16,946,000 | 9,517,000 | 0 | 7,870,000 | 7,822,278 | 6,869,641 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 51,612,000 | 53,604,000 | 43,038,000 | 37,417,000 | 47,199,000 | 48,476,000 | 48,416,000 | 18,829,000 | 17,668,000 | 16,946,000 | 9,517,000 | 9,037,000 | 837,000 | 837,000 | 837,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 51,612,000 | 53,604,000 | 43,038,000 | 37,417,000 | 47,199,000 | 48,476,000 | 48,416,000 | 18,829,000 | 17,668,000 | 16,946,000 | 9,517,000 | 9,037,000 | 8,707,000 | 8,659,278 | 7,706,641 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 764,000 | 1,006,000 | 673,000 | 522,000 | 404,000 | 675,000 | 243,000 | 186,000 | 197,000 | 282,000 | 255,000 | 207,465 | 129,362 | 179,062 | 212,219 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,000 | 121,102 | 93,110 | 40,953 | 148,913 |
| Misc Debtors | 477,000 | 171,000 | 172,000 | 98,000 | 419,000 | 313,000 | 53,000 | 372,000 | 297,000 | 292,000 | 275,000 | 419,214 | 69,636 | 81,179 | 306,635 |
| Cash | 550,000 | 468,000 | 809,000 | 922,000 | 1,297,000 | 1,248,000 | 1,657,000 | 682,000 | 583,000 | 524,000 | 80,000 | 57,389 | 22,213 | 11,421 | 23,230 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,791,000 | 1,645,000 | 1,654,000 | 1,542,000 | 2,120,000 | 2,236,000 | 1,953,000 | 1,240,000 | 1,077,000 | 1,098,000 | 667,000 | 805,170 | 314,321 | 312,615 | 690,997 |
| total assets | 53,403,000 | 55,249,000 | 44,692,000 | 38,959,000 | 49,319,000 | 50,712,000 | 50,369,000 | 20,069,000 | 18,745,000 | 18,044,000 | 10,184,000 | 9,842,170 | 9,021,321 | 8,971,893 | 8,397,638 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 177,044 | 152,430 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,337,000 | 5,543,675 | 5,641,524 | 0 | 0 |
| Trade Creditors | 772,000 | 683,000 | 661,000 | 635,000 | 129,000 | 79,000 | 107,000 | 195,000 | 214,000 | 101,000 | 219,000 | 981 | 6,230 | 6,175 | 14,233 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 625,495 | 453,136 | 122,651 | 180,442 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 18,712,000 | 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 | 27,538,000 | 23,761,000 | 22,944,000 | 21,961,000 | 21,345,000 | 21,207,000 | 1,314,000 | 838,000 | 748,000 | 962,000 | 892,000 | 810,515 | 427,723 | 315,885 | 600,383 |
| total current liabilities | 28,310,000 | 24,444,000 | 23,605,000 | 22,596,000 | 21,474,000 | 21,286,000 | 20,133,000 | 1,033,000 | 962,000 | 1,063,000 | 6,448,000 | 6,980,666 | 6,528,613 | 621,755 | 947,488 |
| loans | 11,256,000 | 11,442,000 | 11,596,000 | 11,788,000 | 12,066,000 | 12,305,000 | 12,528,000 | 5,440,000 | 5,518,000 | 5,583,000 | 0 | 0 | 0 | 5,582,165 | 4,983,652 |
| 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 | 0 | 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 | 44,323 | 0 |
| total long term liabilities | 11,256,000 | 11,442,000 | 11,596,000 | 11,788,000 | 12,066,000 | 12,305,000 | 12,528,000 | 5,440,000 | 5,518,000 | 5,583,000 | 0 | 0 | 0 | 5,626,488 | 4,983,652 |
| total liabilities | 39,566,000 | 35,886,000 | 35,201,000 | 34,384,000 | 33,540,000 | 33,591,000 | 32,661,000 | 6,473,000 | 6,480,000 | 6,646,000 | 6,448,000 | 6,980,666 | 6,528,613 | 6,248,243 | 5,931,140 |
| net assets | 13,837,000 | 19,363,000 | 9,491,000 | 4,575,000 | 15,779,000 | 17,121,000 | 17,708,000 | 13,596,000 | 12,265,000 | 11,398,000 | 3,736,000 | 2,861,504 | 2,492,708 | 2,723,650 | 2,466,498 |
| total shareholders funds | 13,837,000 | 19,363,000 | 9,491,000 | 4,575,000 | 15,779,000 | 17,121,000 | 17,708,000 | 13,596,000 | 12,265,000 | 11,398,000 | 3,736,000 | 2,861,504 | 2,492,708 | 2,723,650 | 2,466,498 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -3,443,000 | 11,896,000 | 6,884,000 | -9,329,000 | 676,000 | 1,289,000 | 4,406,000 | 1,592,000 | 1,131,000 | 7,501,000 | 1,112,000 | 233,102 | 329,896 | 263,884 | 286,234 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,737 | 1,249 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 31,000 | -105,000 | 0 | -36,000 | 0 | -3,000 | -41,000 | -5,000 | 0 | 72,058 | -46,913 | -6,230 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 64,000 | 332,000 | 225,000 | -203,000 | -165,000 | 692,000 | -262,000 | 64,000 | -80,000 | -13,000 | -160,781 | 455,673 | -9,086 | -366,573 | 667,767 |
| Creditors | 89,000 | 22,000 | 26,000 | 506,000 | 50,000 | -28,000 | -88,000 | -19,000 | 113,000 | -118,000 | 218,019 | -5,249 | 55 | -8,058 | 14,233 |
| Accruals and Deferred Income | 3,777,000 | 817,000 | 983,000 | 616,000 | 138,000 | 19,893,000 | 476,000 | 90,000 | -214,000 | 70,000 | 81,485 | 382,792 | 111,838 | -284,498 | 600,383 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44,323 | 44,323 | 0 |
| Cash flow from operations | 359,000 | 12,403,000 | 7,668,000 | -7,973,000 | 924,000 | 20,462,000 | 5,020,000 | 1,599,000 | 1,107,000 | 7,425,000 | 1,567,285 | 154,972 | 478,610 | 337,048 | 228,102 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,992,000 | 10,566,000 | 5,621,000 | -9,782,000 | -1,277,000 | 60,000 | 29,587,000 | 1,161,000 | 722,000 | 7,429,000 | 480,000 | 8,200,000 | 0 | 0 | 837,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,337,000 | -206,675 | -97,849 | 5,641,524 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -625,495 | 172,359 | 330,485 | -57,791 | 180,442 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -18,712,000 | 18,712,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -186,000 | -154,000 | -192,000 | -278,000 | -239,000 | -223,000 | 7,088,000 | -78,000 | -65,000 | 5,583,000 | 0 | 0 | -5,582,165 | 598,513 | 4,983,652 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -2,083,000 | -2,024,000 | -1,968,000 | -1,906,000 | -1,913,000 | -1,876,000 | -258,000 | -261,000 | -261,000 | -261,000 | -232,000 | -163,756 | -587,311 | -250,452 | -270,610 |
| cash flow from financing | -2,269,000 | -2,178,000 | -2,160,000 | -2,184,000 | -2,152,000 | -20,811,000 | 25,542,000 | -339,000 | -326,000 | 448,000 | -1,064,674 | 136,654 | -240,774 | 580,903 | 7,350,588 |
| cash and cash equivalents | |||||||||||||||
| cash | 82,000 | -341,000 | -113,000 | -375,000 | 49,000 | -409,000 | 975,000 | 99,000 | 59,000 | 444,000 | 22,611 | 35,176 | 10,792 | -11,809 | 23,230 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -177,044 | 24,614 | 152,430 |
| change in cash | 82,000 | -341,000 | -113,000 | -375,000 | 49,000 | -409,000 | 975,000 | 99,000 | 59,000 | 444,000 | 22,611 | 35,176 | 187,836 | -36,423 | -129,200 |
adriatic land 1 (gr3) limited Credit Report and Business Information
Adriatic Land 1 (gr3) Limited Competitor Analysis
Perform a competitor analysis for adriatic land 1 (gr3) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
adriatic land 1 (gr3) limited Ownership
ADRIATIC LAND 1 (GR3) LIMITED group structure
Adriatic Land 1 (Gr3) Limited has 1 subsidiary company.
Ultimate parent company
SANNE FIDUCIARY SERVICES LTD
#0040233
ABACUS LAND 4 LTD
#0078494
2 parents
ADRIATIC LAND 1 (GR3) LIMITED
05489411
1 subsidiary
adriatic land 1 (gr3) limited directors
Adriatic Land 1 (Gr3) Limited currently has 3 directors. The longest serving directors include Mr Adrian Jeffery (Apr 2019) and Ms Davinia Smith (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Jeffery | United Kingdom | 47 years | Apr 2019 | - | Director |
| Ms Davinia Smith | England | 46 years | Jul 2023 | - | Director |
| Mr Sean Martin | England | 59 years | Jul 2023 | - | Director |
P&L
March 2023turnover
1.2m
-90%
operating profit
-3.4m
-129%
gross margin
68.1%
+2.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
13.8m
-0.29%
total assets
53.4m
-0.03%
cash
550k
+0.18%
net assets
Total assets minus all liabilities
adriatic land 1 (gr3) limited company details
company number
05489411
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
June 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
uk ground rent estates limited (October 2013)
accountant
-
auditor
DELOITTE LLP
address
6th floor, 125 london wall, london, EC2Y 5AS
Bank
-
Legal Advisor
-
adriatic land 1 (gr3) 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 adriatic land 1 (gr3) limited.
adriatic land 1 (gr3) 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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adriatic land 1 (gr3) limited Companies House Filings - See Documents
| date | description | view/download |
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