3 r lettings limited
3 r lettings limited Company Information
Company Number
05525996
Website
www.cov3r.co.ukRegistered Address
716 cranbrook road, ilford, IG6 1HU
Industry
Real estate agencies
Telephone
02072930450
Next Accounts Due
September 2025
Group Structure
View All
Directors
Avtar Sohanpal14 Years
Shareholders
avtar kaur sohanpal 100%
3 r lettings limited Estimated Valuation
Pomanda estimates the enterprise value of 3 R LETTINGS LIMITED at £651.4k based on a Turnover of £463.3k and 1.41x industry multiple (adjusted for size and gross margin).
3 r lettings limited Estimated Valuation
Pomanda estimates the enterprise value of 3 R LETTINGS LIMITED at £152.9k based on an EBITDA of £28k and a 5.46x industry multiple (adjusted for size and gross margin).
3 r lettings limited Estimated Valuation
Pomanda estimates the enterprise value of 3 R LETTINGS LIMITED at £135k based on Net Assets of £70.7k and 1.91x industry multiple (adjusted for liquidity).
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3 R Lettings Limited Overview
3 R Lettings Limited is a live company located in ilford, IG6 1HU with a Companies House number of 05525996. It operates in the real estate agencies sector, SIC Code 68310. Founded in August 2005, it's largest shareholder is avtar kaur sohanpal with a 100% stake. 3 R Lettings Limited is a established, micro sized company, Pomanda has estimated its turnover at £463.3k with high growth in recent years.
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3 R Lettings Limited Health Check
Pomanda's financial health check has awarded 3 R Lettings Limited a 3 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
2 Regular
5 Weak
Size
annual sales of £463.3k, make it smaller than the average company (£2.2m)
- 3 R Lettings Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.6%)
- 3 R Lettings Limited
5.6% - Industry AVG
Production
with a gross margin of 41.6%, this company has a higher cost of product (79.1%)
- 3 R Lettings Limited
79.1% - Industry AVG
Profitability
an operating margin of 6.1% make it as profitable than the average company (6.2%)
- 3 R Lettings Limited
6.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
1 - 3 R Lettings Limited
31 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- 3 R Lettings Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £463.3k, this is more efficient (£79.4k)
- 3 R Lettings Limited
£79.4k - Industry AVG
Debtor Days
it gets paid by customers after 152 days, this is later than average (25 days)
- 3 R Lettings Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 121 days, this is slower than average (32 days)
- 3 R Lettings Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 3 R Lettings Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 3 R Lettings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.4%, this is a higher level of debt than the average (57.4%)
63.4% - 3 R Lettings Limited
57.4% - Industry AVG
3 R LETTINGS LIMITED financials
3 R Lettings Limited's latest turnover from December 2023 is estimated at £463.3 thousand and the company has net assets of £70.7 thousand. According to their latest financial statements, 3 R 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 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||
| EBITDA* |
* 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 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 193,184 | 166,102 | 68,607 | 92,716 | 84,896 | 96,867 | 85,575 | 90,745 | 79,900 | 82,025 | 50,420 | 33,890 | 18,325 | 6,650 | 6,650 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 20,994 | 6,130 | 13,459 | 2,385 | 398 | 3,703 | 5,546 | 3,954 | 4,362 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 193,184 | 166,102 | 68,607 | 92,716 | 84,896 | 96,867 | 106,569 | 96,875 | 93,359 | 84,410 | 50,818 | 37,593 | 23,871 | 10,604 | 11,012 |
| total assets | 193,184 | 166,102 | 79,607 | 103,716 | 95,896 | 107,867 | 117,569 | 107,875 | 104,359 | 95,410 | 61,818 | 37,593 | 23,871 | 10,604 | 11,012 |
| 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 | 89,703 | 77,686 | 61,977 | 80,459 | 83,154 | 101,482 | 99,614 | 0 | 0 | 83,522 | 64,236 | 42,188 | 19,785 | 8,726 | 10,246 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 904 | 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 | 87,105 | 85,986 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 89,703 | 77,686 | 61,977 | 80,459 | 83,154 | 101,482 | 99,614 | 87,105 | 86,890 | 83,522 | 64,236 | 42,188 | 19,785 | 8,726 | 10,246 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 32,741 | 38,695 | 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 | 0 |
| total long term liabilities | 32,741 | 38,695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 122,444 | 116,381 | 61,977 | 80,459 | 83,154 | 101,482 | 99,614 | 87,105 | 86,890 | 83,522 | 64,236 | 42,188 | 19,785 | 8,726 | 10,246 |
| net assets | 70,740 | 49,721 | 17,630 | 23,257 | 12,742 | 6,385 | 17,955 | 20,770 | 17,469 | 11,888 | -2,418 | -4,595 | 4,086 | 1,878 | 766 |
| total shareholders funds | 70,740 | 49,721 | 17,630 | 23,257 | 12,742 | 6,385 | 17,955 | 20,770 | 17,469 | 11,888 | -2,418 | -4,595 | 4,086 | 1,878 | 766 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 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 | |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 27,082 | 97,495 | -24,109 | 7,820 | -11,971 | 11,292 | -5,170 | 10,845 | 29,480 | 31,605 | 16,530 | 15,565 | 11,675 | 0 | 6,650 |
| Creditors | 12,017 | 15,709 | -18,482 | -2,695 | -18,328 | 1,868 | 99,614 | 0 | -64,236 | 19,286 | 22,048 | 22,403 | 11,059 | -1,520 | 10,246 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | -87,105 | 1,119 | 85,986 | 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 | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -904 | 904 | 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 | 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 | 0 |
| other long term liabilities | -5,954 | 38,695 | 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 | 0 | 0 | 0 | 0 | 0 | -20,994 | 14,864 | -7,329 | 13,061 | 1,987 | -3,305 | -1,843 | 1,592 | -408 | 4,362 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -20,994 | 14,864 | -7,329 | 13,061 | 1,987 | -3,305 | -1,843 | 1,592 | -408 | 4,362 |
3 r lettings limited Credit Report and Business Information
3 R Lettings Limited Competitor Analysis
Perform a competitor analysis for 3 r lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in IG6 area or any other competitors across 12 key performance metrics.
3 r lettings limited Ownership
3 R LETTINGS LIMITED group structure
3 R Lettings Limited has no subsidiary companies.
Ultimate parent company
3 R LETTINGS LIMITED
05525996
3 r lettings limited directors
3 R Lettings Limited currently has 1 director, Mrs Avtar Sohanpal serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Avtar Sohanpal | England | 60 years | Feb 2010 | - | Director |
P&L
December 2023turnover
463.3k
+14%
operating profit
28k
0%
gross margin
41.6%
-8.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
70.7k
+0.42%
total assets
193.2k
+0.16%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
3 r lettings limited company details
company number
05525996
Type
Private limited with Share Capital
industry
68310 - Real estate agencies
incorporation date
August 2005
age
19
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
716 cranbrook road, ilford, IG6 1HU
Bank
BARCLAYS BANK PLC
Legal Advisor
-
3 r 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 3 r lettings limited.
3 r lettings limited Companies House Filings - See Documents
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