Tag Residential Lettings Limited

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tag residential lettings limited Company Information

Live

EstablishedMicroRapid

Company Number

05783882

Website

www.tagestateagents.co.uk

Registered Address

goodridge court, goodridge avenue, gloucester, GL2 5EN

Industry

Management of real estate on a fee or contract basis

Telephone

01684275276

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Gregory18 Years

Victoria Davis18 Years

Shareholders

tag property solutions(tewkesbury) ltd 100%

tag residential lettings limited Estimated Valuation

£130.4k

Pomanda estimates the enterprise value of TAG RESIDENTIAL LETTINGS LIMITED at £130.4k based on Net Assets of £79.6k and 1.64x industry multiple (adjusted for liquidity).

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Tag Residential Lettings Limited is a live company located in gloucester, GL2 5EN with a Companies House number of 05783882. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in April 2006, it's largest shareholder is tag property solutions(tewkesbury) ltd with a 100% stake. Tag Residential Lettings Limited is a established, micro sized company, Pomanda has estimated its turnover at £8.4k with rapid growth in recent years.

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Pomanda's financial health check has awarded Tag Residential Lettings Limited a 3.5 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 Rating3.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £8.4k, make it smaller than the average company (£1m)

Growth

3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (3.6%)

EXPORT

Tag Residential Lettings Limited's latest turnover from March 2023 is estimated at £8.4 thousand and the company has net assets of £79.6 thousand. According to their latest financial statements, we estimate that Tag Residential Lettings Limited has 1 employee and maintains cash reserves of £276.8 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	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	8,427	13,974	8,795	2,472	923	17,708	9,076	0	671,682	580,098	402,268	403,938	549,364	302,615
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,758	7,476	4,829	1,281	461	9,374	4,726	0	375,155	316,402	227,675	228,979	313,414	185,290
Gross Profit	3,670	6,499	3,967	1,191	462	8,334	4,350	0	296,528	263,695	174,592	174,959	235,950	117,325
Admin Expenses	11,216	1,403	-38,008	31,747	-13,665	5,920	25,232	-17,598	286,687	222,940	196,631	181,679	186,462	104,848
Operating Profit	-7,546	5,096	41,975	-30,556	14,127	2,414	-20,882	17,598	9,841	40,755	-22,039	-6,720	49,488	12,477
Interest Payable	2,633	2,139	1,045	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,211	2,605	298	229	1,462	880	440	782	665	612	616	719	631	245
Pre-Tax Profit	3,032	5,562	41,228	-30,327	15,589	3,294	-20,442	18,380	10,506	41,367	-21,423	-6,001	50,119	12,722
Tax	-576	-1,057	-7,833	0	-2,962	-626	0	-3,676	-2,101	-8,687	0	0	-13,031	-3,562
Profit After Tax	2,456	4,505	33,395	-30,327	12,627	2,668	-20,442	14,704	8,405	32,680	-21,423	-6,001	37,088	9,160
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,456	4,505	33,395	-30,327	12,627	2,668	-20,442	14,704	8,405	32,680	-21,423	-6,001	37,088	9,160
Employee Costs	40,773	38,536	36,465	35,193	34,593	33,894	33,765	0	202,503	173,966	133,181	132,288	166,056	101,263
Number Of Employees	1	1	1	1	1	1	1	0	6	5	4	4	5	3
EBITDA*	-7,546	5,096	41,975	-30,556	14,127	2,414	-20,882	17,598	9,841	40,755	-22,039	-6,720	49,488	12,477

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	0	0	0	0	0	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	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
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	43,737	43,864	17,350	16,731	27,937	5,332
Group Debtors	44,388	58,500	81,000	0	48,448	30,501	17,065	21,673	0	0	0	0	0	0
Misc Debtors	7,997	1,117	0	0	0	4,760	8,011	0	0	0	0	0	0	0
Cash	276,786	344,912	349,620	245,879	212,011	177,866	173,995	178,227	134,458	131,692	113,056	133,308	154,244	98,101
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	329,171	404,529	430,620	245,879	260,459	213,127	199,071	199,900	178,195	175,556	130,406	150,039	182,181	103,433
total assets	329,171	404,529	430,620	245,879	260,459	213,127	199,071	199,900	178,195	175,556	130,406	150,039	182,181	103,433
Bank overdraft	6,850	6,850	5,138	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	1,370	2,343	1,335	406	142	2,702	1,586	0	118,196	123,962	111,492	109,702	135,843	94,183
Group/Directors Accounts	0	87,054	125,260	11,870	468	0	0	1	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	225,953	208,890	197,151	194,374	190,293	153,496	143,224	125,196	0	0	0	0	0	0
total current liabilities	234,173	305,137	328,884	206,650	190,903	156,198	144,810	125,197	118,196	123,962	111,492	109,702	135,843	94,183
loans	15,413	22,263	29,112	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	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	0
total long term liabilities	15,413	22,263	29,112	0	0	0	0	0	0	0	0	0	0	0
total liabilities	249,586	327,400	357,996	206,650	190,903	156,198	144,810	125,197	118,196	123,962	111,492	109,702	135,843	94,183
net assets	79,585	77,129	72,624	39,229	69,556	56,929	54,261	74,703	59,999	51,594	18,914	40,337	46,338	9,250
total shareholders funds	79,585	77,129	72,624	39,229	69,556	56,929	54,261	74,703	59,999	51,594	18,914	40,337	46,338	9,250

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-7,546	5,096	41,975	-30,556	14,127	2,414	-20,882	17,598	9,841	40,755	-22,039	-6,720	49,488	12,477
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	-576	-1,057	-7,833	0	-2,962	-626	0	-3,676	-2,101	-8,687	0	0	-13,031	-3,562
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-7,232	-21,383	81,000	-48,448	13,187	10,185	3,403	-22,064	-127	26,514	619	-11,206	22,605	5,332
Creditors	-973	1,008	929	264	-2,560	1,116	1,586	-118,196	-5,766	12,470	1,790	-26,141	41,660	94,183
Accruals and Deferred Income	17,063	11,739	2,777	4,081	36,797	10,272	18,028	125,196	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	15,200	38,169	-43,152	22,237	32,215	2,991	-4,671	42,986	2,101	18,024	-20,868	-21,655	55,512	97,766
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-87,054	-38,206	113,390	11,402	468	0	-1	1	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	-6,850	-6,849	29,112	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	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	90
interest	10,578	466	-747	229	1,462	880	440	782	665	612	616	719	631	245
cash flow from financing	-83,326	-44,589	141,755	11,631	1,930	880	439	783	665	612	616	719	631	335
cash and cash equivalents
cash	-68,126	-4,708	103,741	33,868	34,145	3,871	-4,232	43,769	2,766	18,636	-20,252	-20,936	56,143	98,101
overdraft	0	1,712	5,138	0	0	0	0	0	0	0	0	0	0	0
change in cash	-68,126	-6,420	98,603	33,868	34,145	3,871	-4,232	43,769	2,766	18,636	-20,252	-20,936	56,143	98,101

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for tag residential lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in GL2 area or any other competitors across 12 key performance metrics.

TAG RESIDENTIAL LETTINGS LIMITED group structure

Tag Residential Lettings Limited has no subsidiary companies.

Ultimate parent company

TAG RESIDENTIAL LETTINGS LIMITED

05783882

TAG RESIDENTIAL LETTINGS LIMITED Shareholders

tag property solutions(tewkesbury) ltd

100%

Tag Residential Lettings Limited currently has 2 directors. The longest serving directors include Mr Paul Gregory (Apr 2006) and Miss Victoria Davis (Apr 2006).

officer	country	age	start	end	role
Mr Paul Gregory	United Kingdom	55 years	Apr 2006	-	Director
Miss Victoria Davis	United Kingdom	56 years	Apr 2006	-	Director

P&L

March 2023

turnover

8.4k

-40%

operating profit

-7.5k

gross margin

43.6%

-6.36%

turnover

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

Balance Sheet

March 2023

net assets

79.6k

+0.03%

total assets

329.2k

-0.19%

cash

276.8k

-0.2%

net assets

Total assets minus all liabilities

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2.5

company number

05783882

Type

Private limited with Share Capital

industry

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

incorporation date

April 2006

ultimate parent company

None

previous names

N/A

address

goodridge court, goodridge avenue, gloucester, GL2 5EN

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 tag residential lettings limited.

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