trustees limited

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trustees limited Company Information

Share TRUSTEES LIMITED

Company Number

06205954

Directors

David Halpern

Shareholders

dominion mosaic & tile co. ltd

david moshe halpern & dominion mosaic & tile co. ltd

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

new burlington house, 1075 finchley road, london, NW11 0PU

trustees limited Estimated Valuation

£171.7k

Pomanda estimates the enterprise value of TRUSTEES LIMITED at £171.7k based on a Turnover of £307.2k and 0.56x industry multiple (adjusted for size and gross margin).

trustees limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of TRUSTEES LIMITED at £4.8m based on an EBITDA of £1.2m and a 4.02x industry multiple (adjusted for size and gross margin).

trustees limited Estimated Valuation

£57.2m

Pomanda estimates the enterprise value of TRUSTEES LIMITED at £57.2m based on Net Assets of £24.9m and 2.3x industry multiple (adjusted for liquidity).

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Trustees Limited Overview

Trustees Limited is a live company located in london, NW11 0PU with a Companies House number of 06205954. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2007, it's largest shareholder is dominion mosaic & tile co. ltd with a 99% stake. Trustees Limited is a established, micro sized company, Pomanda has estimated its turnover at £307.2k with high growth in recent years.

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Trustees Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £307.2k, make it smaller than the average company (£3.1m)

£307.2k - Trustees Limited

£3.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (4.1%)

30% - Trustees Limited

4.1% - Industry AVG

production

Production

with a gross margin of 38.4%, this company has a comparable cost of product (38.4%)

38.4% - Trustees Limited

38.4% - Industry AVG

profitability

Profitability

an operating margin of 389.9% make it more profitable than the average company (6.5%)

389.9% - Trustees Limited

6.5% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (20)

3 - Trustees Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)

£44.8k - Trustees Limited

£44.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £102.4k, this is less efficient (£141.4k)

£102.4k - Trustees Limited

£141.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (40 days)

52 days - Trustees Limited

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 51 days, this is slower than average (34 days)

51 days - Trustees Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Trustees Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)

0 weeks - Trustees Limited

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 32.1%, this is a lower level of debt than the average (60.5%)

32.1% - Trustees Limited

60.5% - Industry AVG

TRUSTEES LIMITED financials

EXPORTms excel logo

Trustees Limited's latest turnover from March 2023 is estimated at £307.2 thousand and the company has net assets of £24.9 million. According to their latest financial statements, we estimate that Trustees Limited has 3 employees and maintains cash reserves of £8.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover307,245257,076122,952141,402111,70018,299,06216,608,87825,917,33120,415,46519,883,18121,296,627
Other Income Or Grants
Cost Of Sales189,266159,58277,21887,80669,65311,582,43710,577,83516,418,67712,602,00111,943,56312,685,360
Gross Profit117,97997,49445,73553,59642,0466,716,6266,031,0449,498,6547,813,4647,939,6198,611,267
Admin Expenses-1,079,837-10,170,789-17,520,396-267,143-1,785,805-1,283,866-480,136-1,261,7576,545,7565,877,8429,411,7757,743,5047,846,5457,927,357
Operating Profit1,197,81610,268,28317,566,131320,7391,827,8511,283,866480,1361,261,757170,870153,20286,87969,96093,074683,910
Interest Payable1,204,785804,735637,825547,248616,925394,549185,10898,361
Interest Receivable5737914530551105521,7171,715
Pre-Tax Profit-6,3969,463,62716,928,307-226,5091,210,972889,347295,0281,163,396170,925153,31286,93469,96294,790685,625
Tax-1,798,089-3,216,378-230,085-168,976-59,005-232,679-35,894-35,262-20,864-18,190-26,541-191,975
Profit After Tax-6,3967,665,53813,711,929-226,509980,887720,371236,022930,717135,031118,05066,07051,77268,249493,650
Dividends Paid
Retained Profit-6,3967,665,53813,711,929-226,509980,887720,371236,022930,717135,031118,05066,07051,77268,249493,650
Employee Costs134,390127,04780,56279,66838,5995,048,8024,626,1387,170,6545,693,1435,693,1125,909,944
Number Of Employees33221142131206164166167
EBITDA*1,198,75210,268,28317,566,131320,7391,827,8511,283,866480,1361,261,757170,870153,20286,87969,96093,074683,910

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,80899,74414,000,00012,956,77511,751,77510,005,0008,200,0008,200,0008,200,0008,200,0008,200,000
Intangible Assets
Investments & Other1,520,00043,492,36831,387,90910,000,0008,200,000
Debtors (Due After 1 year)
Total Fixed Assets1,522,80843,592,11231,387,90914,000,00012,956,77511,751,77510,005,00010,000,0008,200,0008,200,0008,200,0008,200,0008,200,0008,200,000
Stock & work in progress
Trade Debtors44,33233,575861,308699,502704,000230,000295,867283,976
Group Debtors113,6829,765,1762,695,335124,048254,214560,208805,640920,000
Misc Debtors35,023,057398,747182,594126,9911,034,284962,756179,27524,502
Cash8,08318,8742,21512,13022,00022,000165770685,829
misc current assets
total current assets35,189,15410,216,3722,880,144251,0391,288,4981,535,094984,915944,502861,308721,502726,000230,165296,637969,805
total assets36,711,96253,808,48434,268,05314,251,03914,245,27313,286,86910,989,91510,944,5029,061,3088,921,5028,926,0008,430,1658,496,6379,169,805
Bank overdraft11,670,00011,838,00012,006,0008,906,284171,2619,243,0002,896,9713,026,485
Bank loan
Trade Creditors 26,78233,01518,97721,24117,2005,074,6864,718,2158,200,7637,770,9987,889,2428,630,659
Group/Directors Accounts4,870,2244,684,462
other short term finances
hp & lease commitments
other current liabilities69,6997,531,59250,73772,10457,89394,837103,059267,916
total current liabilities11,766,48119,402,60712,075,7148,999,629246,3549,337,8377,870,2547,978,8635,074,6864,718,2158,200,7637,770,9987,889,2428,630,659
loans8,865,000
hp & lease commitments
Accruals and Deferred Income
other liabilities3,024,0003,360,000
provisions9,454,0004,906,0001,677,0001,333,0001,129,0001,020,0001,102,000
total long term liabilities9,454,0004,906,0001,677,00010,198,0001,129,0001,020,0001,102,0003,024,0003,360,000
total liabilities11,766,48128,856,60716,981,71410,676,62910,444,35410,466,8378,890,2549,080,8638,098,6868,078,2158,200,7637,770,9987,889,2428,630,659
net assets24,945,48124,951,87717,286,3393,574,4103,800,9192,820,0322,099,6611,863,639962,622843,287725,237659,167607,395539,146
total shareholders funds24,945,48124,951,87717,286,3393,574,4103,800,9192,820,0322,099,6611,863,639962,622843,287725,237659,167607,395539,146
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,197,81610,268,28317,566,131320,7391,827,8511,283,866480,1361,261,757170,870153,20286,87969,96093,074683,910
Depreciation936
Amortisation
Tax-1,798,089-3,216,378-230,085-168,976-59,005-232,679-35,894-35,262-20,864-18,190-26,541-191,975
Stock
Debtors24,983,5737,319,5692,626,890-1,037,459-234,466538,04940,41383,194161,806-4,498474,000-65,86711,891283,976
Creditors-6,23314,038-2,2644,04117,200-5,074,686356,471-3,482,548429,765-118,244-741,4178,630,659
Accruals and Deferred Income-7,461,8937,480,855-21,36714,211-36,944-8,222-164,857267,916
Deferred Taxes & Provisions-9,454,0004,548,0003,229,000344,000204,000109,000-82,0001,102,000
Cash flow from operations-40,706,94713,193,51814,928,2321,720,4502,016,488677,619133,861-2,758,886329,641-3,360,11021,780-607-686,7758,838,618
Investing Activities
capital expenditure96,000-99,74414,000,000-1,043,225-1,205,000-1,746,775-10,005,0008,200,000-8,200,0008,200,000-8,200,000
Change in Investments-41,972,36812,104,45931,387,909-10,000,00010,000,000-8,200,0008,200,000
cash flow from investments42,068,368-12,204,203-17,387,909-1,043,225-1,205,000-1,746,775-5,000-1,800,000-8,200,000
Financing Activities
Bank loans
Group/Directors Accounts-4,870,224185,7624,684,462
Other Short Term Loans
Long term loans-8,865,0008,865,000
Hire Purchase and Lease Commitments
other long term liabilities-3,024,000-336,0003,360,000
share issue-29,700-15,69645,496
interest-1,204,212-804,656-637,824-547,248-616,880-394,519-185,108-98,361551105521,7171,715
cash flow from financing-1,204,212-804,656-637,824-9,412,2488,248,120-5,264,7436541,532,401-351,6413,360,1105521,71747,211
cash and cash equivalents
cash-10,79116,6592,215-12,13012,130-22,00021,835-605-685,059685,829
overdraft-168,000-168,0003,099,7168,735,023-9,071,7396,346,029-129,5143,026,485
change in cash157,209184,659-3,097,501-8,735,0239,059,609-6,333,899129,514-3,026,485-22,00021,835-605-685,059685,829

trustees limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Trustees Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for trustees limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NW11 area or any other competitors across 12 key performance metrics.

trustees limited Ownership

TRUSTEES LIMITED group structure

Trustees Limited has no subsidiary companies.

Ultimate parent company

1 parent

TRUSTEES LIMITED

06205954

TRUSTEES LIMITED Shareholders

dominion mosaic & tile co. ltd 99%
david moshe halpern & dominion mosaic & tile co. ltd 1%

trustees limited directors

Trustees Limited currently has 1 director, Mr David Halpern serving since Apr 2007.

officercountryagestartendrole
Mr David HalpernUnited Kingdom81 years Apr 2007- Director

P&L

March 2023

turnover

307.2k

+20%

operating profit

1.2m

0%

gross margin

38.4%

+1.25%

turnover

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

Balance Sheet

March 2023

net assets

24.9m

0%

total assets

36.7m

-0.32%

cash

8.1k

-0.57%

net assets

Total assets minus all liabilities

trustees limited company details

company number

06205954

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

April 2007

age

18

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

-

address

new burlington house, 1075 finchley road, london, NW11 0PU

Bank

-

Legal Advisor

-

trustees limited Charges & Mortgages

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 3 charges/mortgages relating to trustees limited. Currently there are 3 open charges and 0 have been satisfied in the past.

trustees limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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trustees limited Companies House Filings - See Documents

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