Bennik Developments Limited

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bennik developments limited Company Information

Live

EstablishedMicroDeclining

Company Number

05973423

Website

Registered Address

brook house mill lane, exton, exeter, EX3 0PH

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

Next Accounts Due

July 2024

Group Structure

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Directors

Benjamin Davis17 Years

Shareholders

benjamin john davis 100%

bennik developments limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of BENNIK DEVELOPMENTS LIMITED at £2.7m based on an EBITDA of £460.7k and a 5.86x industry multiple (adjusted for size and gross margin).

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Bennik Developments Limited is a live company located in exeter, EX3 0PH with a Companies House number of 05973423. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 2006, it's largest shareholder is benjamin john davis with a 100% stake. Bennik Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £138.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Bennik Developments Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £138.1k, make it smaller than the average company (£759.7k)

Growth

3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (1.3%)

EXPORT

Bennik Developments Limited's latest turnover from October 2022 is estimated at £138.1 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Bennik Developments Limited has 1 employee and maintains cash reserves of £72.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	138,113	55,841	865,864	1,087,106	339,690	1,797,674	185,439	265,488	288,548	121,877	306,793	256,798	212,867	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	41,748	16,984	258,135	331,338	101,681	522,692	56,329	88,162	111,732	45,040	111,404	89,385	74,294	0
Gross Profit	96,365	38,857	607,729	755,769	238,009	1,274,982	129,110	177,325	176,817	76,837	195,389	167,413	138,573	0
Admin Expenses	-359,277	-454,724	417,198	483,111	10,877	1,103,365	65,551	160,625	177,536	76,390	188,318	162,654	133,186	-294
Operating Profit	455,642	493,581	190,531	272,658	227,132	171,617	63,559	16,700	-719	447	7,071	4,759	5,387	294
Interest Payable	45,171	17,230	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,572	123	0	0	0	115	140	51	1	2	3	21	32	13
Pre-Tax Profit	414,042	476,474	190,531	272,658	227,132	171,732	63,699	16,751	-718	449	7,074	4,780	5,419	307
Tax	-78,668	-90,530	-36,201	-51,805	-43,155	-32,629	-12,740	-3,350	0	-103	-1,698	-1,243	-1,517	-86
Profit After Tax	335,374	385,944	154,330	220,853	183,977	139,103	50,959	13,401	-718	346	5,376	3,537	3,902	221
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	335,374	385,944	154,330	220,853	183,977	139,103	50,959	13,401	-718	346	5,376	3,537	3,902	221
Employee Costs	33,729	31,820	32,193	33,905	32,950	360,724	62,706	62,007	60,330	29,736	57,823	57,443	57,763	0
Number Of Employees	1	1	1	1	1	12	2	2	2	1	2	2	2	0
EBITDA*	460,728	493,581	190,531	272,658	227,132	171,617	63,559	16,700	-719	447	7,071	4,759	5,539	447

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	21,107	10,665	1,536,359	734,117	726,287	696,481	242,093	242,093	242,093	242,093	240,958	240,958	240,957	236,802
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,175,743	1,296,789	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	1,196,850	1,307,454	1,536,359	734,117	726,287	696,481	242,093	242,093	242,093	242,093	240,958	240,958	240,957	236,802
Stock & work in progress	0	0	0	0	0	0	0	15,008	21,854	0	0	0	0	0
Trade Debtors	0	2,200	98,973	143,590	27,057	137,730	2,635	0	0	201	0	0	0	0
Group Debtors	789,082	483,503	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	36,370	1,044	711	1,457	0	0	0	0	0	0	0	0	0	0
Cash	72,110	245,362	0	0	0	0	91,935	20,256	49	367	482	532	7,824	5,095
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	897,562	732,109	99,684	145,047	27,057	137,730	94,570	35,264	21,903	568	482	532	7,824	5,095
total assets	2,094,412	2,039,563	1,636,043	879,164	753,344	834,211	336,663	277,357	263,996	242,661	241,440	241,490	248,781	241,897
Bank overdraft	36,161	28,740	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	34,215	1,012	297,590	59,984	139,252	537,969	172,374	153,041	142,096	109,656	97,797	92,238	79,656	76,674
Group/Directors Accounts	0	273,228	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	33,450	39,170	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	103,826	342,150	297,590	59,984	139,252	537,969	172,374	153,041	142,096	109,656	97,797	92,238	79,656	76,674
loans	493,978	536,179	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	0	0	563,166	198,223	213,988	80,115	87,263	98,249	109,234	119,621	130,605	141,590	165,000	165,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	493,978	536,179	563,166	198,223	213,988	80,115	87,263	98,249	109,234	119,621	130,605	141,590	165,000	165,000
total liabilities	597,804	878,329	860,756	258,207	353,240	618,084	259,637	251,290	251,330	229,277	228,402	233,828	244,656	241,674
net assets	1,496,608	1,161,234	775,287	620,957	400,104	216,127	77,026	26,067	12,666	13,384	13,038	7,662	4,125	223
total shareholders funds	1,496,608	1,161,234	775,287	620,957	400,104	216,127	77,026	26,067	12,666	13,384	13,038	7,662	4,125	223

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	455,642	493,581	190,531	272,658	227,132	171,617	63,559	16,700	-719	447	7,071	4,759	5,387	294
Depreciation	5,086	0	0	0	0	0	0	0	0	0	0	0	152	153
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-78,668	-90,530	-36,201	-51,805	-43,155	-32,629	-12,740	-3,350	0	-103	-1,698	-1,243	-1,517	-86
Stock	0	0	0	0	0	0	-15,008	-6,846	21,854	0	0	0	0	0
Debtors	338,705	387,063	-45,363	117,990	-110,673	135,095	2,635	0	-201	201	0	0	0	0
Creditors	33,203	-296,578	237,606	-79,268	-398,717	365,595	19,333	10,945	32,440	11,859	5,559	12,582	2,982	76,674
Accruals and Deferred Income	-5,720	39,170	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	70,838	-241,420	437,299	23,595	-104,067	369,488	82,525	31,141	10,068	12,002	10,932	16,098	7,004	77,035
Investing Activities
capital expenditure	-15,528	1,525,694	-802,242	-7,830	-29,806	-454,388	0	0	0	-1,135	0	-1	-4,307	-236,955
Change in Investments	-121,046	1,296,789	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	105,518	228,905	-802,242	-7,830	-29,806	-454,388	0	0	0	-1,135	0	-1	-4,307	-236,955
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-273,228	273,228	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	-42,201	536,179	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	-563,166	364,943	-15,765	133,873	-7,148	-10,986	-10,985	-10,387	-10,984	-10,985	-23,410	0	165,000
share issue	0	3	0	0	0	-2	0	0	0	0	0	0	0	2
interest	-41,599	-17,107	0	0	0	115	140	51	1	2	3	21	32	13
cash flow from financing	-357,028	229,137	364,943	-15,765	133,873	-7,035	-10,846	-10,934	-10,386	-10,982	-10,982	-23,389	32	165,015
cash and cash equivalents
cash	-173,252	245,362	0	0	0	-91,935	71,679	20,207	-318	-115	-50	-7,292	2,729	5,095
overdraft	7,421	28,740	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-180,673	216,622	0	0	0	-91,935	71,679	20,207	-318	-115	-50	-7,292	2,729	5,095

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BENNIK DEVELOPMENTS LIMITED group structure

Bennik Developments Limited has 2 subsidiary companies.

Ultimate parent company

BENNIK DEVELOPMENTS LIMITED

05973423

2 subsidiaries

BIG WAVE MEDIA LIMITED

06311283

LEXON (HOLDINGS) LIMITED

08694486

BENNIK DEVELOPMENTS LIMITED Shareholders

benjamin john davis

100%

Bennik Developments Limited currently has 1 director, Mr Benjamin Davis serving since Oct 2006.

officer	country	age	start	end	role
Mr Benjamin Davis		53 years	Oct 2006	-	Director

P&L

October 2022

turnover

138.1k

+147%

operating profit

455.6k

gross margin

69.8%

+0.27%

turnover

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

Balance Sheet

October 2022

net assets

1.5m

+0.29%

total assets

2.1m

+0.03%

cash

72.1k

-0.71%

net assets

Total assets minus all liabilities

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company number

05973423

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

October 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

brook house mill lane, exton, exeter, EX3 0PH

last accounts submitted

October 2022

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 bennik developments limited. Currently there are 5 open charges and 1 have been satisfied in the past.

bennik developments limited Company Information

bennik developments limited Estimated Valuation

bennik developments limited Estimated Valuation

bennik developments limited Estimated Valuation

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BENNIK DEVELOPMENTS LIMITED financials

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