Halo Estates Limited

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halo estates limited Company Information

Live

EstablishedMidDeclining

Company Number

05629998

Website

http://cygnetproperties.co.uk

Registered Address

crown house north circular road, london, NW10 7PN

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Buying and selling of own real estate

Telephone

02089611415

Next Accounts Due

December 2024

Group Structure

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Directors

Karim Virani7 Years

Rahim Virani7 Years

Shareholders

cygnet properties & leisure plc 34%

aisha virani 33%

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halo estates limited Estimated Valuation

£23.1m

Pomanda estimates the enterprise value of HALO ESTATES LIMITED at £23.1m based on a Turnover of £9.7m and 2.39x industry multiple (adjusted for size and gross margin).

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Halo Estates Limited is a live company located in london, NW10 7PN with a Companies House number of 05629998. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 2005, it's largest shareholder is cygnet properties & leisure plc with a 34% stake. Halo Estates Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Halo Estates Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

4 Weak

Size

annual sales of £9.7m, make it larger than the average company (£863.5k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2%)

EXPORT

Halo Estates Limited's latest turnover from March 2023 is estimated at £9.7 million and the company has net assets of -£19 thousand. According to their latest financial statements, we estimate that Halo Estates Limited has 18 employees and maintains cash reserves of 0 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	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	9,665,917	8,667,726	8,697,150	9,742,726	9,930,965	9,960,026	10,733,276	10,690,005	7,488,324	7,333,997	7,465,897	7,261,401	7,036,451	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,754,926	6,143,145	6,196,933	7,068,765	7,021,447	7,028,168	7,533,539	7,968,858	5,746,075	5,790,326	5,839,538	5,706,918	5,488,568	0
Gross Profit	2,910,990	2,524,580	2,500,217	2,673,962	2,909,518	2,931,858	3,199,737	2,721,147	1,742,248	1,543,671	1,626,359	1,554,483	1,547,882	0
Admin Expenses	2,910,990	2,524,580	2,500,217	2,673,962	2,909,518	2,931,858	3,218,781	2,723,196	1,744,747	1,546,171	1,628,859	1,556,983	1,550,382	3,394
Operating Profit	0	0	0	0	0	0	-19,044	-2,049	-2,499	-2,500	-2,500	-2,500	-2,500	-3,394
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	49	46	0	0	0	0	0
Pre-Tax Profit	0	0	0	0	0	0	-19,044	-2,000	-2,453	-2,500	-2,500	-2,500	-2,500	-3,394
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0	0	0	0	0	0	-19,044	-2,000	-2,453	-2,500	-2,500	-2,500	-2,500	-3,394
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	0	0	0	0	-19,044	-2,000	-2,453	-2,500	-2,500	-2,500	-2,500	-3,394
Employee Costs	608,387	590,070	626,740	695,571	760,017	734,994	814,924	707,647	491,110	477,476	459,726	459,469	494,420	0
Number Of Employees	18	18	20	21	23	24	27	22	16	16	16	16	17	0
EBITDA*	0	0	0	0	0	0	-19,044	-2,049	-2,499	-2,500	-2,500	-2,500	-2,500	-3,394

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	236,322	236,322	236,322	236,322	236,322	236,322	236,322	0	0	0	0	0	0	0
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	236,322	236,322	236,322	236,322	236,322	236,322	236,322
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322	236,322
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,861,856	1,861,606	1,880,356	1,880,356	1,949,237	1,949,237	1,918,118
Group Debtors	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
Cash	0	0	0	0	0	0	0	1,047	18,547	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,861,606	1,862,903	1,880,153	1,880,356	1,880,356	1,949,237	1,949,237	1,918,118
total assets	2,097,928	2,097,928	2,097,928	2,097,928	2,097,928	2,097,928	2,097,928	2,099,225	2,116,475	2,116,678	2,116,678	2,185,559	2,185,559	2,154,440
Bank overdraft	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
Trade Creditors	0	0	0	0	0	0	0	0	15,250	13,000	10,500	8,000	5,500	3,000
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	0	0	0	0	0	0	0	15,250	13,000	10,500	8,000	5,500	3,000
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	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,185,853	2,185,853	2,154,734
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,185,853	2,185,853	2,154,734
total liabilities	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,116,972	2,132,222	2,129,972	2,127,472	2,193,853	2,191,353	2,157,734
net assets	-19,044	-19,044	-19,044	-19,044	-19,044	-19,044	-19,044	-17,747	-15,747	-13,294	-10,794	-8,294	-5,794	-3,294
total shareholders funds	-19,044	-19,044	-19,044	-19,044	-19,044	-19,044	-19,044	-17,747	-15,747	-13,294	-10,794	-8,294	-5,794	-3,294

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	0	0	0	0	0	0	-19,044	-2,049	-2,499	-2,500	-2,500	-2,500	-2,500	-3,394
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	0	0	0	1,861,606	250	-18,750	0	-68,881	0	31,119	1,918,118
Creditors	0	0	0	0	0	0	0	-15,250	2,250	2,500	2,500	2,500	2,500	3,000
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	0	-1,880,650	-17,549	18,501	0	68,881	0	-31,119	-1,918,512
Investing Activities
capital expenditure	0	0	0	0	0	0	-236,322	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	236,322
cash flow from investments	0	0	0	0	0	0	-236,322	0	0	0	0	0	0	-236,322
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	2,116,972	0	0	0	-68,881	0	31,119	2,154,734
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	49	46	0	0	0	0	0
cash flow from financing	0	0	0	0	0	0	2,116,972	49	46	0	-68,881	0	31,119	2,154,834
cash and cash equivalents
cash	0	0	0	0	0	0	0	-17,500	18,547	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-17,500	18,547	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HALO ESTATES LIMITED group structure

Halo Estates Limited has no subsidiary companies.

Ultimate parent company

HALO ESTATES LIMITED

05629998

HALO ESTATES LIMITED Shareholders

cygnet properties & leisure plc	34%
aisha virani	33%
magic estates limited	33%

Halo Estates Limited currently has 2 directors. The longest serving directors include Mr Karim Virani (Jul 2016) and Mr Rahim Virani (Jul 2016).

officer	country	age	start	end	role
Mr Karim Virani	United Kingdom	43 years	Jul 2016	-	Director
Mr Rahim Virani	England	47 years	Jul 2016	-	Director

P&L

March 2023

turnover

9.7m

+12%

operating profit

gross margin

30.2%

+3.4%

turnover

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

Balance Sheet

March 2023

net assets

-19k

total assets

2.1m

cash

net assets

Total assets minus all liabilities

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company number

05629998

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

November 2005

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

crown house north circular road, london, NW10 7PN

last accounts submitted

March 2023

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 halo estates limited.

halo estates limited Company Information

halo estates limited Estimated Valuation

halo estates limited Estimated Valuation

halo estates limited Estimated Valuation

Halo Estates Limited Overview

Halo Estates Limited Health Check

HALO ESTATES LIMITED financials

halo estates limited Credit Report and Business Information

Halo Estates Limited Competitor Analysis

halo estates limited Ownership

halo estates limited directors

halo estates limited company details

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