cube homes limited
cube homes limited Company Information
Company Number
06342867
Website
https://www.cubehomes.comRegistered Address
2a derwent avenue, manchester, M21 7QP
Industry
Construction of domestic buildings
Buying and selling of own real estate
Telephone
03001231966
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
great places housing association 100%
cube homes limited Estimated Valuation
Pomanda estimates the enterprise value of CUBE HOMES LIMITED at £31.1m based on a Turnover of £14.5m and 2.15x industry multiple (adjusted for size and gross margin).
cube homes limited Estimated Valuation
Pomanda estimates the enterprise value of CUBE HOMES LIMITED at £22.3m based on an EBITDA of £3.6m and a 6.2x industry multiple (adjusted for size and gross margin).
cube homes limited Estimated Valuation
Pomanda estimates the enterprise value of CUBE HOMES LIMITED at £12.5m based on Net Assets of £8.4m and 1.49x industry multiple (adjusted for liquidity).
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Cube Homes Limited Overview
Cube Homes Limited is a live company located in manchester, M21 7QP with a Companies House number of 06342867. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in August 2007, it's largest shareholder is great places housing association with a 100% stake. Cube Homes Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.5m with declining growth in recent years.
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Cube Homes Limited Health Check
Pomanda's financial health check has awarded Cube Homes Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £14.5m, make it larger than the average company (£768.9k)
£14.5m - Cube Homes Limited
£768.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.8%)
-5% - Cube Homes Limited
3.8% - Industry AVG
Production
with a gross margin of 31.9%, this company has a higher cost of product (54.1%)
31.9% - Cube Homes Limited
54.1% - Industry AVG
Profitability
an operating margin of 24.8% make it as profitable than the average company (26.5%)
24.8% - Cube Homes Limited
26.5% - Industry AVG
Employees
with 76 employees, this is above the industry average (4)
- Cube Homes Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cube Homes Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £190.8k, this is equally as efficient (£194.6k)
- Cube Homes Limited
£194.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cube Homes Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Cube Homes Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 577 days, this is more than average (245 days)
577 days - Cube Homes Limited
245 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Cube Homes Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69%, this is a similar level of debt than the average (67.2%)
69% - Cube Homes Limited
67.2% - Industry AVG
CUBE HOMES LIMITED financials
Cube Homes Limited's latest turnover from March 2023 is £14.5 million and the company has net assets of £8.4 million. According to their latest financial statements, we estimate that Cube Homes Limited has 76 employees and maintains cash reserves of £57 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,499,000 | 18,552,000 | 13,706,000 | 17,038,000 | 5,035 | 3,108,252 | 6,802,593 | 6,821,826 | 522,766 | 1,344,227 | 653,654 | 16,316 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,880,000 | 13,543,000 | 10,193,000 | 13,067,000 | 3,887 | 2,327,109 | 5,953,033 | 4,700,285 | 344,332 | 1,280,261 | 608,586 | 0 | 0 | 0 |
| Gross Profit | 4,619,000 | 5,009,000 | 3,513,000 | 3,971,000 | 1,148 | 781,143 | 849,560 | 2,121,541 | 178,434 | 63,966 | 45,068 | 16,316 | 0 | 0 |
| Admin Expenses | 1,023,000 | 1,387,000 | 1,265,000 | 473,000 | 437 | 273,814 | 148,892 | 191,565 | 77,560 | 40,394 | 4,778 | 2,849 | 224 | 0 |
| Operating Profit | 3,596,000 | 3,622,000 | 2,248,000 | 3,498,000 | 711 | 507,329 | 700,668 | 1,929,976 | 100,874 | 23,572 | 40,290 | 13,467 | -224 | 0 |
| Interest Payable | 584,000 | 837,000 | 1,124,000 | 1,123,000 | 671 | 166,990 | 0 | 10,909 | 11,204 | 16,795 | 0 | 0 | 0 | 0 |
| Interest Receivable | 273,000 | 495,000 | 1,037,000 | 1,191,000 | 863 | 71 | 22 | 1 | 9 | 12 | 1 | 4 | 1 | 0 |
| Pre-Tax Profit | 3,600,000 | 3,295,000 | 2,551,000 | 3,780,000 | 868 | 761,387 | 811,509 | 1,919,068 | 89,679 | 6,789 | 40,291 | 13,471 | -223 | 0 |
| Tax | -24,000 | 468,000 | -498,000 | -185,000 | -29 | -19,721 | -126,671 | -196,255 | -17,271 | 34 | -9,670 | -2,694 | 0 | 0 |
| Profit After Tax | 3,576,000 | 3,763,000 | 2,053,000 | 3,595,000 | 839 | 741,666 | 684,838 | 1,722,813 | 72,408 | 6,823 | 30,621 | 10,777 | -223 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,576,000 | 3,763,000 | 2,053,000 | 3,595,000 | 839 | 741,666 | 684,838 | 765,085 | 65,619 | 6,823 | 30,621 | 10,777 | -223 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Number Of Employees | ||||||||||||||
| EBITDA* | 3,596,000 | 3,622,000 | 2,248,000 | 3,498,000 | 711 | 507,329 | 700,668 | 1,929,976 | 100,874 | 23,572 | 40,290 | 13,467 | -224 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,286,000 | 9,815,000 | 8,165,000 | 5,767,000 | 3,551 | 4,542,092 | 2,504,800 | 867,458 | 46,978 | 46,978 | 643,494 | 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 | 11,286,000 | 9,815,000 | 8,165,000 | 5,767,000 | 3,551 | 4,542,092 | 2,504,800 | 867,458 | 46,978 | 46,978 | 643,494 | 0 | 0 | 0 |
| Stock & work in progress | 15,631,000 | 13,329,000 | 18,164,000 | 18,468,000 | 15,989 | 3,944,889 | 3,644,547 | 5,302,125 | 3,907,991 | 1,505,454 | 2,427,156 | 1,904,390 | 1,923,992 | 52,500 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 301,000 | 76,000 | 11 | 4,103 | 751,791 | 153,989 | 11,992 | 33,500 | 252,762 | 264,018 | 207,892 | 0 |
| Misc Debtors | 51,000 | 25,000 | 226,000 | 174,000 | 748 | 535,586 | 54,782 | 45,078 | 15,441 | 96,694 | 196,693 | 150,154 | 126 | 0 |
| Cash | 57,000 | 49,000 | 44,000 | 51,000 | 35 | 47,219 | 488,852 | 5,000 | 515,346 | 106,568 | 374,587 | 41,885 | 68,097 | 143 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 2,079,544 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,739,000 | 13,403,000 | 18,735,000 | 18,769,000 | 16,783 | 6,611,341 | 4,939,972 | 5,506,192 | 4,450,770 | 1,742,216 | 3,251,198 | 2,360,447 | 2,200,107 | 52,643 |
| total assets | 27,025,000 | 23,218,000 | 26,900,000 | 24,536,000 | 20,334 | 11,153,433 | 7,444,772 | 6,373,650 | 4,497,748 | 1,789,194 | 3,894,692 | 2,360,447 | 2,200,107 | 52,643 |
| Bank overdraft | 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 |
| Trade Creditors | 18,000 | 0 | 178,000 | 3,000 | 109 | 15,162 | 12,476 | 15,073 | 10,700 | 762 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,811,000 | 129,000 | 1,000 | 66,000 | 81 | 119,849 | 387,100 | 1,021,262 | 853,258 | 220,978 | 165,500 | 459,715 | 700,738 | 52,543 |
| 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 | 927,000 | 1,013,000 | 2,622,000 | 1,886,000 | 478 | 701,268 | 499,594 | 621,620 | 266,025 | 8,829 | 16,241 | 78,931 | 16,001 | 0 |
| total current liabilities | 2,756,000 | 1,142,000 | 2,801,000 | 1,955,000 | 668 | 836,279 | 899,170 | 1,657,955 | 1,129,983 | 230,569 | 181,741 | 538,646 | 716,739 | 52,543 |
| loans | 15,601,000 | 13,292,000 | 19,111,000 | 18,754,000 | 17,684 | 8,765,848 | 5,435,962 | 3,836,893 | 3,254,048 | 1,510,527 | 3,671,676 | 1,811,147 | 1,483,491 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 298,000 | 240,000 | 208,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,899,000 | 13,532,000 | 19,319,000 | 18,754,000 | 17,684 | 8,765,848 | 5,435,962 | 3,836,893 | 3,254,048 | 1,510,527 | 3,671,676 | 1,811,147 | 1,483,491 | 0 |
| total liabilities | 18,655,000 | 14,674,000 | 22,120,000 | 20,709,000 | 18,352 | 9,602,127 | 6,335,132 | 5,494,848 | 4,384,031 | 1,741,096 | 3,853,417 | 2,349,793 | 2,200,230 | 52,543 |
| net assets | 8,370,000 | 8,544,000 | 4,780,000 | 3,827,000 | 1,982 | 1,551,306 | 1,109,640 | 878,802 | 113,717 | 48,098 | 41,275 | 10,654 | -123 | 100 |
| total shareholders funds | 8,370,000 | 8,544,000 | 4,780,000 | 3,827,000 | 1,982 | 1,551,306 | 1,109,640 | 878,802 | 113,717 | 48,098 | 41,275 | 10,654 | -123 | 100 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,596,000 | 3,622,000 | 2,248,000 | 3,498,000 | 711 | 507,329 | 700,668 | 1,929,976 | 100,874 | 23,572 | 40,290 | 13,467 | -224 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -24,000 | 468,000 | -498,000 | -185,000 | -29 | -19,721 | -126,671 | -196,255 | -17,271 | 34 | -9,670 | -2,694 | 0 | 0 |
| Stock | 2,302,000 | -4,835,000 | -304,000 | 18,452,011 | -3,928,900 | 300,342 | -1,657,578 | 1,394,134 | 2,402,537 | -921,702 | 522,766 | -19,602 | 1,871,492 | 52,500 |
| Debtors | 26,000 | -502,000 | 277,000 | 249,241 | -538,930 | -266,884 | 607,506 | 171,634 | -102,761 | -319,261 | 35,283 | 206,154 | 208,018 | 0 |
| Creditors | 18,000 | -178,000 | 175,000 | 2,891 | -15,053 | 2,686 | -2,597 | 4,373 | 9,938 | 762 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -86,000 | -1,609,000 | 736,000 | 1,885,522 | -700,790 | 201,674 | -122,026 | 355,595 | 257,196 | -7,412 | -62,690 | 62,930 | 16,001 | 0 |
| Deferred Taxes & Provisions | 58,000 | 32,000 | 208,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,234,000 | 7,672,000 | 2,896,000 | -13,499,839 | 3,752,669 | 658,510 | 1,499,446 | 527,921 | -1,949,039 | 1,257,919 | -590,119 | -112,849 | -2,063,733 | -52,500 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,471,000 | 1,650,000 | 2,398,000 | 5,763,449 | -4,538,541 | 2,037,292 | 1,637,342 | 820,480 | 0 | -596,516 | 643,494 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,682,000 | 128,000 | -65,000 | 65,919 | -119,768 | -267,251 | -634,162 | 168,004 | 632,280 | 55,478 | -294,215 | -241,023 | 648,195 | 52,543 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,309,000 | -5,819,000 | 357,000 | 18,736,316 | -8,748,164 | 3,329,886 | 1,599,069 | 582,845 | 1,743,521 | -2,161,149 | 1,860,529 | 327,656 | 1,483,491 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -311,000 | -342,000 | -87,000 | 68,000 | 192 | -166,919 | 22 | -10,908 | -11,195 | -16,783 | 1 | 4 | 1 | 0 |
| cash flow from financing | -70,000 | -6,032,000 | -895,000 | 19,100,253 | -10,417,903 | 2,595,716 | 510,929 | 739,941 | 2,364,606 | -2,122,454 | 1,566,315 | 86,637 | 2,131,687 | 52,643 |
| cash and cash equivalents | ||||||||||||||
| cash | 8,000 | 5,000 | -7,000 | 50,965 | -47,184 | -441,633 | 483,852 | -510,346 | 408,778 | -268,019 | 332,702 | -26,212 | 67,954 | 143 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 8,000 | 5,000 | -7,000 | 50,965 | -47,184 | -441,633 | 483,852 | -510,346 | 408,778 | -268,019 | 332,702 | -26,212 | 67,954 | 143 |
cube homes limited Credit Report and Business Information
Cube Homes Limited Competitor Analysis
Perform a competitor analysis for cube homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in M21 area or any other competitors across 12 key performance metrics.
cube homes limited Ownership
CUBE HOMES LIMITED group structure
Cube Homes Limited has 1 subsidiary company.
Ultimate parent company
2 parents
CUBE HOMES LIMITED
06342867
1 subsidiary
cube homes limited directors
Cube Homes Limited currently has 5 directors. The longest serving directors include Mrs Emma Mountford (Nov 2018) and Mr John Williamson (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Emma Mountford | England | 42 years | Nov 2018 | - | Director |
| Mr John Williamson | England | 63 years | Dec 2021 | - | Director |
| Mr John-Paul Case | England | 42 years | Mar 2024 | - | Director |
| Mr Dean Clegg | England | 57 years | Mar 2024 | - | Director |
| Mrs Alison Dean | England | 49 years | Jul 2024 | - | Director |
P&L
March 2023turnover
14.5m
-22%
operating profit
3.6m
-1%
gross margin
31.9%
+17.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
8.4m
-0.02%
total assets
27m
+0.16%
cash
57k
+0.16%
net assets
Total assets minus all liabilities
cube homes limited company details
company number
06342867
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.
41202 - Construction of domestic buildings
68100 - Buying and selling of own real estate
incorporation date
August 2007
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
cube great places limited (January 2019)
accountant
-
auditor
BEEVER & STRUTHERS
address
2a derwent avenue, manchester, M21 7QP
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
cube homes 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 1 charges/mortgages relating to cube homes limited. Currently there are 1 open charges and 0 have been satisfied in the past.
cube homes limited Companies House Filings - See Documents
| date | description | view/download |
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