Cirrus Homes Limited

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cirrus homes limited Company Information

Dissolved

Company Number

05928656

Website

shettonbarns.com

Registered Address

the rookery lodge, llangammarch wells, powys, LD4 4BS

Industry

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

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

David Palmer18 Years

Shareholders

david palmer 100%

cirrus homes limited Estimated Valuation

£104.2k

Pomanda estimates the enterprise value of CIRRUS HOMES LIMITED at £104.2k based on a Turnover of £48k and 2.17x industry multiple (adjusted for size and gross margin).

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Cirrus Homes Limited is a dissolved company that was located in powys, LD4 4BS with a Companies House number of 05928656. It operated in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in September 2006, it's largest shareholder was david palmer with a 100% stake. The last turnover for Cirrus Homes Limited was estimated at £48k.

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Pomanda's financial health check has awarded Cirrus Homes Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £48k, make it smaller than the average company (£662k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (1.7%)

EXPORT

Cirrus Homes Limited's latest turnover from February 2021 is estimated at £48 thousand and the company has net assets of -£286.2 thousand. According to their latest financial statements, we estimate that Cirrus Homes Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	48,045	519,054	63,428	74,328	296,357	309,098	350,238	321,436	316,287	318,613	212,369	287,688
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	34,300	373,948	44,474	51,767	198,210	217,854	253,480	233,626	234,853	233,802	152,605	212,982
Gross Profit	13,745	145,106	18,953	22,561	98,147	91,244	96,757	87,810	81,434	84,811	59,764	74,707
Admin Expenses	17,247	160,852	57,343	-146,760	110,991	105,342	139,079	80,761	84,468	100,783	111,264	257,569
Operating Profit	-3,502	-15,746	-38,390	169,321	-12,844	-14,098	-42,322	7,049	-3,034	-15,972	-51,500	-182,862
Interest Payable	0	0	0	13,000	25,000	13,000	0	0	0	0	0	0
Interest Receivable	0	0	0	0	1	2	1	1	27	27	3	3
Pre-Tax Profit	-3,502	-15,746	-38,390	156,321	-37,843	-27,096	-42,321	7,049	-3,007	-15,945	-51,497	-182,859
Tax	0	0	0	-29,701	0	0	0	-1,621	0	0	0	0
Profit After Tax	-3,502	-15,746	-38,390	126,620	-37,843	-27,096	-42,321	5,428	-3,007	-15,945	-51,497	-182,859
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,502	-15,746	-38,390	126,620	-37,843	-27,096	-42,321	5,428	-3,007	-15,945	-51,497	-182,859
Employee Costs	26,889	56,520	27,385	26,237	25,715	26,400	26,000	24,739	23,980	23,802	23,174	24,800
Number Of Employees	1	2	1	1	1	1	1	1	1	1	1	1
EBITDA*	-3,502	-15,746	-38,390	169,321	-11,439	-12,189	-40,024	9,854	-204	-12,543	-47,980	-178,775

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	640,101	641,634	902,199	902,964	3,998	5,403	7,312	8,289	8,313	10,023	10,228	8,370
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	1,210,001	1,130,001	1,130,001	1,130,001	1,130,000	1,780,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	640,101	641,634	902,199	902,964	3,998	5,403	1,217,313	1,138,290	1,138,314	1,140,024	1,140,228	1,788,370
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	6,106	111,658	886	3,854	8,501	3,548	5,253	2,545	2,279	3,710	2,423	1,905
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	173	611	0	219	0	10,826	140	1,009
misc current assets	0	0	0	0	1,210,001	1,210,001	0	0	0	0	0	0
total current assets	6,121	111,658	886	3,854	1,218,675	1,214,160	5,253	2,764	2,279	14,536	2,563	2,914
total assets	646,222	753,292	903,085	906,818	1,222,673	1,219,563	1,222,566	1,141,054	1,140,593	1,154,560	1,142,791	1,791,284
Bank overdraft	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
Trade Creditors	92,526	166,249	179,355	202,495	1,019,949	946,909	922,816	894,840	899,739	909,569	696,855	742,453
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	92,526	166,249	179,355	202,495	1,019,949	946,909	922,816	894,840	899,739	909,569	696,855	742,453
loans	0	0	0	0	400,000	400,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	839,854	869,412	990,245	932,308	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	400,000	400,000	400,000	400,000	585,000	1,040,000
provisions	0	287	395	535	764	32,851	32,851	16,994	17,062	18,192	18,192	34,590
total long term liabilities	839,854	869,699	990,640	932,843	400,764	432,851	432,851	416,994	417,062	418,192	603,192	1,074,590
total liabilities	932,380	1,035,948	1,169,995	1,135,338	1,420,713	1,379,760	1,355,667	1,311,834	1,316,801	1,327,761	1,300,047	1,817,043
net assets	-286,158	-282,656	-266,910	-228,520	-198,040	-160,197	-133,101	-170,780	-176,208	-173,201	-157,256	-25,759
total shareholders funds	-286,158	-282,656	-266,910	-228,520	-198,040	-160,197	-133,101	-170,780	-176,208	-173,201	-157,256	-25,759

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-3,502	-15,746	-38,390	169,321	-12,844	-14,098	-42,322	7,049	-3,034	-15,972	-51,500	-182,862
Depreciation	0	0	0	0	1,405	1,909	2,298	2,805	2,830	3,429	3,520	4,087
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-29,701	0	0	0	-1,621	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-105,537	110,772	-2,968	-4,647	4,953	-1,705	2,708	266	-1,431	1,287	518	1,905
Creditors	-73,723	-13,106	-23,140	-817,454	73,040	24,093	27,976	-4,899	-9,830	212,714	-45,598	742,453
Accruals and Deferred Income	-29,558	-120,833	57,937	932,308	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-287	-108	-140	-229	-32,087	0	15,857	-68	-1,130	0	-16,398	34,590
Cash flow from operations	-1,533	-260,565	-765	258,892	24,561	13,609	1,101	3,000	-9,733	198,884	-110,494	596,363
Investing Activities
capital expenditure	1,533	260,565	765	-898,966	0	0	-1,321	-2,781	-1,120	-3,224	-5,378	-12,457
Change in Investments	0	0	0	0	0	-1,210,001	80,000	0	0	1	-650,000	1,780,000
cash flow from investments	1,533	260,565	765	-898,966	0	1,210,001	-81,321	-2,781	-1,120	-3,225	644,622	-1,792,457
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	-400,000	0	400,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-400,000	0	0	0	-185,000	-455,000	1,040,000
share issue	0	0	0	-157,100	0	0	80,000	0	0	0	-80,000	157,100
interest	0	0	0	-13,000	-24,999	-12,998	1	1	27	27	3	3
cash flow from financing	0	0	0	-570,100	-24,999	-12,998	80,001	1	27	-184,973	-534,997	1,197,103
cash and cash equivalents
cash	0	0	0	-173	-438	611	-219	219	-10,826	10,686	-869	1,009
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-173	-438	611	-219	219	-10,826	10,686	-869	1,009

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 cirrus homes limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other undefined companies, companies in LD4 area or any other competitors across 12 key performance metrics.

CIRRUS HOMES LIMITED group structure

Cirrus Homes Limited has 1 subsidiary company.

Ultimate parent company

CIRRUS HOMES LIMITED

05928656

1 subsidiary

CIRRUS LETTINGS LIMITED

07875224

CIRRUS HOMES LIMITED Shareholders

david palmer

100%

Cirrus Homes Limited currently has 1 director, Mr David Palmer serving since Sep 2006.

officer	country	age	start	end	role
Mr David Palmer		80 years	Sep 2006	-	Director

P&L

February 2021

turnover

48k

-91%

operating profit

-3.5k

gross margin

28.7%

+2.34%

turnover

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

Balance Sheet

February 2021

net assets

-286.2k

+0.01%

total assets

646.2k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

05928656

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.

incorporation date

September 2006

ultimate parent company

None

previous names

N/A

address

the rookery lodge, llangammarch wells, powys, LD4 4BS

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 found 6 charges/mortgages relating to cirrus homes limited. Currently there are 2 open charges and 4 have been satisfied in the past.

cirrus homes limited Company Information

cirrus homes limited Estimated Valuation

cirrus homes limited Estimated Valuation

cirrus homes limited Estimated Valuation

Cirrus Homes Limited Overview

Cirrus Homes Limited Health Check

CIRRUS HOMES LIMITED financials

cirrus homes limited Credit Report and Business Information

Cirrus Homes Limited Competitor Analysis

cirrus homes limited Ownership

cirrus homes limited directors

cirrus homes limited company details

cirrus homes limited Charges & Mortgages

cirrus homes limited Companies House Filings - See Documents