Purelet Limited

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purelet limited Company Information

Live

EstablishedMicroRapid

Company Number

05812476

Website

http://puremoveltd.co.uk

Registered Address

70 st. mary axe, london, EC3A 8BE

Industry

Management of real estate on a fee or contract basis

Telephone

01329830117

Next Accounts Due

January 2025

Group Structure

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Directors

Robert Mott0 Years

John Ennis0 Years

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Shareholders

charters estate agents limited 100%

purelet limited Estimated Valuation

£609.8k

Pomanda estimates the enterprise value of PURELET LIMITED at £609.8k based on a Turnover of £310.1k and 1.97x industry multiple (adjusted for size and gross margin).

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Purelet Limited is a live company located in london, EC3A 8BE with a Companies House number of 05812476. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in May 2006, it's largest shareholder is charters estate agents limited with a 100% stake. Purelet Limited is a established, micro sized company, Pomanda has estimated its turnover at £310.1k with rapid growth in recent years.

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Pomanda's financial health check has awarded Purelet Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

2 Weak

Size

annual sales of £310.1k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (4%)

EXPORT

Purelet Limited's latest turnover from April 2023 is estimated at £310.1 thousand and the company has net assets of £37.4 thousand. According to their latest financial statements, Purelet Limited has 3 employees and maintains cash reserves of £59.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	310,144	56,091	85,883	93,314	82,090	212,894	41,797	0	178,265	68,139	65,581	91,397	113,498	81,737
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	172,452	28,507	49,426	51,878	41,957	107,586	19,242	0	99,249	37,031	37,118	52,097	64,393	50,048
Gross Profit	137,692	27,585	36,456	41,436	40,134	105,308	22,555	0	79,016	31,108	28,464	39,301	49,105	31,690
Admin Expenses	98,280	14,113	32,452	49,002	36,950	96,920	20,657	3,803	87,532	27,596	26,370	27,107	24,480	49,559
Operating Profit	39,412	13,472	4,004	-7,566	3,184	8,388	1,898	-3,803	-8,516	3,512	2,094	12,194	24,625	-17,869
Interest Payable	4,318	3,203	2,159	1,400	1,824	1,492	1,078	847	629	351	0	0	0	0
Interest Receivable	2,199	373	44	36	286	147	57	137	131	91	70	67	37	4
Pre-Tax Profit	37,292	10,642	1,889	-8,931	1,646	7,043	878	-4,513	-9,014	3,252	2,164	12,261	24,662	-17,865
Tax	-9,323	-2,022	-359	0	-313	-1,338	-167	0	0	-683	-498	-2,943	-6,412	0
Profit After Tax	27,969	8,620	1,530	-8,931	1,333	5,705	711	-4,513	-9,014	2,569	1,666	9,318	18,250	-17,865
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	27,969	8,620	1,530	-8,931	1,333	5,705	711	-4,513	-9,014	2,569	1,666	9,318	18,250	-17,865
Employee Costs	130,634	40,965	38,250	36,670	73,732	68,840	34,187	0	67,883	34,796	33,459	33,173	66,474	33,785
Number Of Employees	3	1	1	1	2	2	1	0	2	1	1	1	2	1
EBITDA*	40,975	19,649	10,417	-1,566	9,184	14,388	4,898	-494	-3,321	9,010	5,851	15,182	25,999	-14,096

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	2,026	3,589	828	0	0	0	0	0	309	2,504	5,002	6,723	1,369	4,689
Intangible Assets	0	0	4,200	10,200	16,200	22,200	13,200	16,200	19,200	22,200	3,200	4,000	4,800	5,600
Investments & Other	0	50,000	50,000	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	2,026	53,589	55,028	10,200	16,200	22,200	13,200	16,200	19,509	24,704	8,202	10,723	6,169	10,289
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	0	0	0	0	0	784
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,381	0	19,353	2,444	0	0	0	0	0	0	0	0	0	0
Cash	59,603	43,856	55,540	32,113	39,001	37,192	21,787	24,205	30,532	21,996	14,261	13,654	12,986	1,767
misc current assets	0	0	1	0	0	0	0	0	0	0	0	0	0	0
total current assets	98,984	43,856	74,894	34,557	39,001	37,192	21,787	24,205	30,532	21,996	14,261	13,654	12,986	2,551
total assets	101,010	97,445	129,922	44,757	55,201	59,392	34,987	40,405	50,041	46,700	22,463	24,377	19,155	12,840
Bank overdraft	5,556	5,000	5,000	6,276	6,264	6,264	2,239	2,239	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	6,038	0	0	2	0	1	0	27,525	12,937	10,994	14,574	18,670	26,793
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	24,209	37,021	79,063	24,633	21,826	23,535	16,777	22,396	0	0	0	0	0	0
total current liabilities	29,765	48,059	84,063	30,909	28,092	29,799	19,017	24,635	27,525	12,937	10,994	14,574	18,670	26,793
loans	33,797	39,907	45,000	14,519	18,849	22,666	14,748	15,259	8,560	10,793	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	8,932	8,932	0	0	0	3,812
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	33,797	39,907	45,000	14,519	18,849	22,666	14,748	15,259	17,492	19,725	0	0	0	3,812
total liabilities	63,562	87,966	129,063	45,428	46,941	52,465	33,765	39,894	45,017	32,662	10,994	14,574	18,670	30,605
net assets	37,448	9,479	859	-671	8,260	6,927	1,222	511	5,024	14,038	11,469	9,803	485	-17,765
total shareholders funds	37,448	9,479	859	-671	8,260	6,927	1,222	511	5,024	14,038	11,469	9,803	485	-17,765

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	39,412	13,472	4,004	-7,566	3,184	8,388	1,898	-3,803	-8,516	3,512	2,094	12,194	24,625	-17,869
Depreciation	1,563	1,977	413	0	0	0	0	309	2,195	2,498	2,957	2,188	574	2,973
Amortisation	0	4,200	6,000	6,000	6,000	6,000	3,000	3,000	3,000	3,000	800	800	800	800
Tax	-9,323	-2,022	-359	0	-313	-1,338	-167	0	0	-683	-498	-2,943	-6,412	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	39,381	-19,353	16,909	2,444	0	0	0	0	0	0	0	0	-784	784
Creditors	-6,038	6,038	0	-2	2	-1	1	-27,525	14,588	1,943	-3,580	-4,096	-8,123	26,793
Accruals and Deferred Income	-12,812	-42,042	54,430	2,807	-1,709	6,758	-5,619	22,396	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	-26,579	976	47,579	-1,205	7,164	19,807	-887	-5,623	11,267	10,270	1,773	8,143	12,248	11,913
Investing Activities
capital expenditure	0	-4,738	-1,241	0	0	-15,000	0	0	0	-22,000	-1,236	-7,542	2,746	-14,062
Change in Investments	-50,000	0	50,000	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	50,000	-4,738	-51,241	0	0	-15,000	0	0	0	-22,000	-1,236	-7,542	2,746	-14,062
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	-6,110	-5,093	30,481	-4,330	-3,817	7,918	-511	6,699	-2,233	10,793	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	-8,932	0	8,932	0	0	-3,812	3,812
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-2,119	-2,830	-2,115	-1,364	-1,538	-1,345	-1,021	-710	-498	-260	70	67	37	4
cash flow from financing	-8,229	-7,923	28,366	-5,694	-5,355	6,573	-1,532	-2,943	-2,731	19,465	70	67	-3,775	3,916
cash and cash equivalents
cash	15,747	-11,684	23,427	-6,888	1,809	15,405	-2,418	-6,327	8,536	7,735	607	668	11,219	1,767
overdraft	556	0	-1,276	12	0	4,025	0	2,239	0	0	0	0	0	0
change in cash	15,191	-11,684	24,703	-6,900	1,809	11,380	-2,418	-8,566	8,536	7,735	607	668	11,219	1,767

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 purelet limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EC3A area or any other competitors across 12 key performance metrics.

PURELET LIMITED group structure

Purelet Limited has no subsidiary companies.

Ultimate parent company

PURELET LIMITED

05812476

PURELET LIMITED Shareholders

charters estate agents limited

100%

Purelet Limited currently has 3 directors. The longest serving directors include Mr Robert Mott (Jan 2024) and Mr John Ennis (Jul 2024).

officer	country	age	start	end	role
Mr Robert Mott	England	52 years	Jan 2024	-	Director
Mr John Ennis	England	51 years	Jul 2024	-	Director
Mr Ian Sutherland	England	54 years	Jul 2024	-	Director

P&L

April 2023

turnover

310.1k

+453%

operating profit

39.4k

gross margin

44.4%

-9.72%

turnover

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

Balance Sheet

April 2023

net assets

37.4k

+2.95%

total assets

101k

+0.04%

cash

59.6k

+0.36%

net assets

Total assets minus all liabilities

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company number

05812476

Type

Private limited with Share Capital

industry

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

incorporation date

May 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

70 st. mary axe, london, EC3A 8BE

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.

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purelet limited Company Information

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purelet limited Estimated Valuation

purelet limited Estimated Valuation

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