the flatman partnership (south) limited

the flatman partnership (south) limited Company Information

Share THE FLATMAN PARTNERSHIP (SOUTH) LIMITED
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Company Number

06308954

Industry

Real estate agencies

 

Shareholders

nicholas john barker & kathryn barker

nicholas john barker

Group Structure

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Contact

Registered Address

c/o camabelu limited office 44, a30 business centre, okehampton, devon, EX20 1BG

the flatman partnership (south) limited Estimated Valuation

£573.3k

Pomanda estimates the enterprise value of THE FLATMAN PARTNERSHIP (SOUTH) LIMITED at £573.3k based on a Turnover of £285.4k and 2.01x industry multiple (adjusted for size and gross margin).

the flatman partnership (south) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FLATMAN PARTNERSHIP (SOUTH) LIMITED at £0 based on an EBITDA of £-74.8k and a 6.94x industry multiple (adjusted for size and gross margin).

the flatman partnership (south) limited Estimated Valuation

£89.8k

Pomanda estimates the enterprise value of THE FLATMAN PARTNERSHIP (SOUTH) LIMITED at £89.8k based on Net Assets of £45.4k and 1.98x industry multiple (adjusted for liquidity).

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The Flatman Partnership (south) Limited Overview

The Flatman Partnership (south) Limited is a live company located in okehampton, EX20 1BG with a Companies House number of 06308954. It operates in the real estate agencies sector, SIC Code 68310. Founded in July 2007, it's largest shareholder is nicholas john barker & kathryn barker with a 66.4% stake. The Flatman Partnership (south) Limited is a established, micro sized company, Pomanda has estimated its turnover at £285.4k with declining growth in recent years.

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The Flatman Partnership (south) Limited Health Check

Pomanda's financial health check has awarded The Flatman Partnership (South) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £285.4k, make it smaller than the average company (£919.6k)

£285.4k - The Flatman Partnership (south) Limited

£919.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (5.2%)

-46% - The Flatman Partnership (south) Limited

5.2% - Industry AVG

production

Production

with a gross margin of 84.6%, this company has a comparable cost of product (84.6%)

84.6% - The Flatman Partnership (south) Limited

84.6% - Industry AVG

profitability

Profitability

an operating margin of -31.6% make it less profitable than the average company (6.3%)

-31.6% - The Flatman Partnership (south) Limited

6.3% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (19)

2 - The Flatman Partnership (south) Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)

£40.5k - The Flatman Partnership (south) Limited

£40.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £142.7k, this is more efficient (£85.6k)

£142.7k - The Flatman Partnership (south) Limited

£85.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (34 days)

52 days - The Flatman Partnership (south) Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 97 days, this is slower than average (42 days)

97 days - The Flatman Partnership (south) Limited

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Flatman Partnership (south) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (39 weeks)

26 weeks - The Flatman Partnership (south) Limited

39 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 81.2%, this is a higher level of debt than the average (50.7%)

81.2% - The Flatman Partnership (south) Limited

50.7% - Industry AVG

THE FLATMAN PARTNERSHIP (SOUTH) LIMITED financials

EXPORTms excel logo

The Flatman Partnership (South) Limited's latest turnover from December 2023 is estimated at £285.4 thousand and the company has net assets of £45.4 thousand. According to their latest financial statements, The Flatman Partnership (South) Limited has 2 employees and maintains cash reserves of £69.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover285,388541,2621,297,9581,798,7471,475,3128,007,933647,635574,5215,393,6203,751,2532,862,5002,372,1021,323,6571,270,6540
Other Income Or Grants000000000000000
Cost Of Sales43,94158,831109,931201,434227,9521,071,99866,35668,348719,880519,267399,734410,071190,465223,9070
Gross Profit241,447482,4311,188,0271,597,3131,247,3606,935,935581,279506,1734,673,7403,231,9872,462,7671,962,0311,133,1931,046,7470
Admin Expenses331,501350,6061,237,7781,633,7991,222,8166,924,133430,558350,3834,648,5213,187,8132,452,5591,958,2971,147,891988,00025,290
Operating Profit-90,054131,825-49,751-36,48624,54411,802150,721155,79025,21944,17410,2083,734-14,69858,747-25,290
Interest Payable3,2811,6230000000000000
Interest Receivable5,7182,59100000088771543938436225480
Pre-Tax Profit-87,618132,793-49,751-36,48624,54411,802156,234156,66426,10644,88910,6474,118-14,33659,001-25,210
Tax0-25,23100-4,663-2,242-34,150-31,866-5,221-9,427-2,449-9880-16,5200
Profit After Tax-87,618107,562-49,751-36,48619,8819,560122,084124,79820,88535,4628,1983,130-14,33642,481-25,210
Dividends Paid000000000000000
Retained Profit-87,618107,562-49,751-36,48619,8819,560122,084124,79820,88535,4628,1983,130-14,33642,481-25,210
Employee Costs80,922203,820489,167468,391439,3944,203,881313,313265,4102,676,4551,890,6211,517,3031,312,276722,482689,7950
Number Of Employees251212111081487150454021200
EBITDA*-74,833131,825-49,751-36,48624,54411,802161,632173,38040,48653,82016,13310,224-7,53165,914-18,858

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets44,85560,88284,42011,5377,2408,87317,17729,90629,37615,1531,3481,0672,5574,7243,956
Intangible Assets00000008,33313,33318,33325,00030,00035,00040,00045,000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets44,85560,88284,42011,5377,2408,87317,17738,23942,70933,48626,34831,06737,55744,72448,956
Stock & work in progress000000000000000
Trade Debtors40,96760,808169,161282,353194,954842,019716,302735,161431,105317,006257,791226,603116,586119,83953,067
Group Debtors000000000000000
Misc Debtors86,1292,6491,19802,7420000000000
Cash69,789148,029000000166,239188,65297,32478,31175,41469,53032,165
misc current assets000003,1113,30300000000
total current assets196,885211,486170,359282,353197,696845,130719,605735,161597,344505,658355,115304,914192,000189,36985,232
total assets241,740272,368254,779293,890204,936854,003736,782773,400640,053539,144381,463335,981229,557234,093134,188
Bank overdraft10,00010,0000000000000000
Bank loan000000000000000
Trade Creditors 11,7869,341111,339176,35053,191721,078619,149652,694530,887450,863325,035287,490184,136174,101117,406
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments7,6067,3810000000000000
other current liabilities106,78243,0650000000000000
total current liabilities136,17469,787111,339176,35053,191721,078619,149652,694530,887450,863325,035287,490184,136174,101117,406
loans14,16624,1670000000000000
hp & lease commitments37,89845,4450000000000000
Accruals and Deferred Income00005,1156,17644400000000
other liabilities00119,81844,16736,77136,77136,77136,77136,77136,77140,38040,38040,38040,38040,380
provisions8,15100000000002613215560
total long term liabilities60,21569,612119,81844,16741,88642,94737,21536,77136,77136,77140,38040,64140,70140,93640,380
total liabilities196,389139,399231,157220,51795,077764,025656,364689,465567,658487,634365,415328,131224,837215,037157,786
net assets45,351132,96923,62273,373109,85989,97880,41883,93572,39551,51016,0487,8504,72019,056-23,598
total shareholders funds45,351132,96923,62273,373109,85989,97880,41883,93572,39551,51016,0487,8504,72019,056-23,598
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit-90,054131,825-49,751-36,48624,54411,802150,721155,79025,21944,17410,2083,734-14,69858,747-25,290
Depreciation15,2210000010,91117,59010,2672,9799251,4902,1672,1671,432
Amortisation000000005,0006,6675,0005,0005,0005,0005,000
Tax0-25,23100-4,663-2,242-34,150-31,866-5,221-9,427-2,449-9880-16,5200
Stock000000000000000
Debtors63,639-106,902-111,99484,657-644,323125,717-18,859304,056114,09959,21531,188110,017-3,25366,77253,067
Creditors2,445-101,998-65,011123,159-667,887101,929-33,545121,80780,024125,82837,545103,35410,03556,695117,406
Accruals and Deferred Income63,71743,0650-5,115-1,0615,73244400000000
Deferred Taxes & Provisions8,151000000000-261-60-2355560
Cash flow from operations-64,159154,563-2,768-3,099-4,744-8,496113,240-40,7351,190111,00619,7802,5135,52239,87345,481
Investing Activities
capital expenditure80623,538-72,883-4,2971,6338,30410,151-13,120-24,490-16,784-1,20600-2,935-55,388
Change in Investments000000000000000
cash flow from investments80623,538-72,883-4,2971,6338,30410,151-13,120-24,490-16,784-1,20600-2,935-55,388
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-10,00124,1670000000000000
Hire Purchase and Lease Commitments-7,32252,8260000000000000
other long term liabilities0-119,81875,6517,39600000-3,609000040,380
share issue01,7850000-125,601-113,258000001731,612
interest2,43796800000088771543938436225480
cash flow from financing-14,886-40,07275,6517,39600-125,601-113,258887-2,89443938436242742,072
cash and cash equivalents
cash-78,240148,02900000-166,239-22,41391,32819,0132,8975,88437,36532,165
overdraft010,0000000000000000
change in cash-78,240138,02900000-166,239-22,41391,32819,0132,8975,88437,36532,165

the flatman partnership (south) 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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The Flatman Partnership (south) Limited Competitor Analysis

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Perform a competitor analysis for the flatman partnership (south) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EX20 area or any other competitors across 12 key performance metrics.

the flatman partnership (south) limited Ownership

THE FLATMAN PARTNERSHIP (SOUTH) LIMITED group structure

The Flatman Partnership (South) Limited has no subsidiary companies.

Ultimate parent company

THE FLATMAN PARTNERSHIP (SOUTH) LIMITED

06308954

THE FLATMAN PARTNERSHIP (SOUTH) LIMITED Shareholders

nicholas john barker & kathryn barker 66.41%
nicholas john barker 33.59%

the flatman partnership (south) limited directors

The Flatman Partnership (South) Limited currently has 1 director, Mr Nicholas Barker serving since Aug 2007.

officercountryagestartendrole
Mr Nicholas BarkerEngland58 years Aug 2007- Director

P&L

December 2023

turnover

285.4k

-47%

operating profit

-90.1k

0%

gross margin

84.7%

-5.08%

turnover

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

Balance Sheet

December 2023

net assets

45.4k

-0.66%

total assets

241.7k

-0.11%

cash

69.8k

-0.53%

net assets

Total assets minus all liabilities

the flatman partnership (south) limited company details

company number

06308954

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

July 2007

age

18

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

barker & son limited (July 2013)

accountant

-

auditor

-

address

c/o camabelu limited office 44, a30 business centre, okehampton, devon, EX20 1BG

Bank

-

Legal Advisor

-

the flatman partnership (south) 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 did not find charges/mortgages relating to the flatman partnership (south) limited.

the flatman partnership (south) 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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the flatman partnership (south) limited Companies House Filings - See Documents

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