modern city estates limited
modern city estates limited Company Information
Company Number
06322060
Website
innercityestates.comRegistered Address
35 ballards lane, london, N3 1XW
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Development of building projects
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
alan david ritterman 50%
alexandra betsy lilius 50%
modern city estates limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN CITY ESTATES LIMITED at £323.9k based on a Turnover of £179.4k and 1.81x industry multiple (adjusted for size and gross margin).
modern city estates limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN CITY ESTATES LIMITED at £0 based on an EBITDA of £-67.5k and a 5.51x industry multiple (adjusted for size and gross margin).
modern city estates limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN CITY ESTATES LIMITED at £3.4m based on Net Assets of £2.2m and 1.58x industry multiple (adjusted for liquidity).
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Modern City Estates Limited Overview
Modern City Estates Limited is a live company located in london, N3 1XW with a Companies House number of 06322060. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2007, it's largest shareholder is alan david ritterman with a 50% stake. Modern City Estates Limited is a established, micro sized company, Pomanda has estimated its turnover at £179.4k with rapid growth in recent years.
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Modern City Estates Limited Health Check
Pomanda's financial health check has awarded Modern City Estates Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £179.4k, make it smaller than the average company (£1.6m)
- Modern City Estates Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (3.1%)
- Modern City Estates Limited
3.1% - Industry AVG
Production
with a gross margin of 49.4%, this company has a comparable cost of product (49.4%)
- Modern City Estates Limited
49.4% - Industry AVG
Profitability
an operating margin of -37.6% make it less profitable than the average company (17.7%)
- Modern City Estates Limited
17.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Modern City Estates Limited
5 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)
- Modern City Estates Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £179.4k, this is less efficient (£236.3k)
- Modern City Estates Limited
£236.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Modern City Estates Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Modern City Estates Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 175 days, this is more than average (113 days)
- Modern City Estates Limited
113 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (12 weeks)
89 weeks - Modern City Estates Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.6%, this is a lower level of debt than the average (71.1%)
12.6% - Modern City Estates Limited
71.1% - Industry AVG
MODERN CITY ESTATES LIMITED financials
Modern City Estates Limited's latest turnover from September 2023 is estimated at £179.4 thousand and the company has net assets of £2.2 million. According to their latest financial statements, Modern City Estates Limited has 1 employee and maintains cash reserves of £104.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | 0 | 0 | 16,910 | 12,297 | |||||||||||
| Number Of Employees | 1 | 1 | 2 | 2 | 2 | 2 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,270,000 | 2,213,150 | 0 | 0 | 0 | 0 | 0 | 0 | 1,370,000 | 1,370,000 | 1,370,463 | 1,377,917 | 1,385,422 | 1,392,996 | 1,400,661 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 2,213,150 | 2,213,150 | 2,213,150 | 1,750,000 | 1,750,000 | 1,370,000 | 0 | 0 | 0 | 0 | 0 | 0 | 68,501 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,270,000 | 2,213,150 | 2,213,150 | 2,213,150 | 2,213,150 | 1,750,000 | 1,750,000 | 1,370,000 | 1,370,000 | 1,370,000 | 1,370,463 | 1,377,917 | 1,385,422 | 1,392,996 | 1,469,162 |
| Stock & work in progress | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 | 43,641 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,570 | 62,000 | 62,000 | 52,828 | 51,832 | 43,476 | 51,476 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 70,429 | 55,338 | 98,299 | 74,494 | 33,199 | 71,860 | 64,059 | 66,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 104,444 | 173,310 | 217,248 | 167,934 | 288,062 | 34,163 | 17,247 | 23,346 | 33,616 | 3 | 5 | 26,258 | 7,661 | 21,242 | 21,956 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 878 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 218,514 | 272,289 | 359,188 | 286,069 | 364,902 | 149,664 | 125,825 | 133,204 | 130,827 | 105,644 | 105,646 | 122,727 | 103,134 | 108,359 | 117,073 |
| total assets | 2,488,514 | 2,485,439 | 2,572,338 | 2,499,219 | 2,578,052 | 1,899,664 | 1,875,825 | 1,503,204 | 1,500,827 | 1,475,644 | 1,476,109 | 1,500,644 | 1,488,556 | 1,501,355 | 1,586,235 |
| Bank overdraft | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 4,844 | 4,975 | 5,362 | 5,862 | 14,201 | 6,270 | 342,682 | 332,320 | 392,142 | 487,913 | 450,140 | 21,615 | 69,267 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 60,877 | 68,135 | 46,914 | 34,305 | 192,696 | 178,846 | 193,646 | 293,004 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 60,877 | 68,135 | 51,758 | 39,280 | 198,058 | 184,708 | 207,847 | 299,274 | 342,682 | 332,320 | 392,142 | 487,913 | 450,140 | 21,615 | 69,267 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 427,836 | 427,836 |
| provisions | 253,000 | 239,000 | 239,000 | 182,000 | 182,000 | 169,000 | 169,000 | 107,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 253,000 | 239,000 | 239,000 | 182,000 | 182,000 | 169,000 | 169,000 | 107,000 | 0 | 0 | 0 | 0 | 0 | 427,836 | 427,836 |
| total liabilities | 313,877 | 307,135 | 290,758 | 221,280 | 380,058 | 353,708 | 376,847 | 406,274 | 342,682 | 332,320 | 392,142 | 487,913 | 450,140 | 449,451 | 497,103 |
| net assets | 2,174,637 | 2,178,304 | 2,281,580 | 2,277,939 | 2,197,994 | 1,545,956 | 1,498,978 | 1,096,930 | 1,158,145 | 1,143,324 | 1,083,967 | 1,012,731 | 1,038,416 | 1,051,904 | 1,089,132 |
| total shareholders funds | 2,174,637 | 2,178,304 | 2,281,580 | 2,277,939 | 2,197,994 | 1,545,956 | 1,498,978 | 1,096,930 | 1,158,145 | 1,143,324 | 1,083,967 | 1,012,731 | 1,038,416 | 1,051,904 | 1,089,132 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 463 | 7,454 | 7,505 | 7,574 | 7,665 | 7,788 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,641 |
| Debtors | 15,091 | -42,961 | 23,805 | 41,295 | -38,661 | 7,801 | -2,158 | 12,647 | -8,430 | 0 | 9,172 | 996 | 8,356 | -8,000 | 51,476 |
| Creditors | 0 | -4,844 | -131 | -387 | -500 | -8,339 | 7,931 | -336,412 | 10,362 | -59,822 | -95,771 | 37,773 | 428,525 | -47,652 | 69,267 |
| Accruals and Deferred Income | -7,258 | 21,221 | 12,609 | -158,391 | 13,850 | -14,800 | -99,358 | 293,004 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 14,000 | 0 | 57,000 | 0 | 13,000 | 0 | 62,000 | 107,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | -2,213,150 | 0 | 0 | 463,150 | 0 | 380,000 | 1,370,000 | 0 | 0 | 0 | 0 | 0 | -68,501 | 68,501 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -427,836 | 0 | 427,836 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -68,866 | -43,938 | 49,314 | -120,128 | 253,899 | 16,916 | -6,099 | -10,270 | 33,613 | -2 | -26,253 | 18,597 | -13,581 | -714 | 21,956 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -68,866 | -43,938 | 49,314 | -120,128 | 253,899 | 16,916 | -6,099 | -10,270 | 33,613 | -2 | -26,253 | 18,597 | -13,581 | -714 | 21,956 |
modern city estates limited Credit Report and Business Information
Modern City Estates Limited Competitor Analysis
Perform a competitor analysis for modern city estates limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in N 3 area or any other competitors across 12 key performance metrics.
modern city estates limited Ownership
MODERN CITY ESTATES LIMITED group structure
Modern City Estates Limited has no subsidiary companies.
Ultimate parent company
MODERN CITY ESTATES LIMITED
06322060
modern city estates limited directors
Modern City Estates Limited currently has 2 directors. The longest serving directors include Mrs Alexandra Lilius (Jan 2008) and Ms Dorothy Turner (Sep 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Alexandra Lilius | Finland | 38 years | Jan 2008 | - | Director |
| Ms Dorothy Turner | England | 78 years | Sep 2012 | - | Director |
P&L
September 2023turnover
179.4k
+8%
operating profit
-67.5k
0%
gross margin
49.4%
+3.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
2.2m
0%
total assets
2.5m
0%
cash
104.4k
-0.4%
net assets
Total assets minus all liabilities
modern city estates limited company details
company number
06322060
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.
41100 - Development of building projects
incorporation date
July 2007
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
pavelink limited (April 2008)
accountant
-
auditor
-
address
35 ballards lane, london, N3 1XW
Bank
-
Legal Advisor
-
modern city estates 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 modern city estates limited.
modern city estates limited Companies House Filings - See Documents
| date | description | view/download |
|---|
