Golden Ventures Limited

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golden ventures limited Company Information

Live

EstablishedSmallDeclining

Company Number

06377628

Website

https://www.golden.ventures

Registered Address

suite 1, excelsior house, 3-5 balfour road, ilford, IG1 4HP

Industry

Development of building projects

Construction of domestic buildings

Telephone

Next Accounts Due

June 2024

Group Structure

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Directors

Fayaz Ladak16 Years

Azadali Ladak16 Years

Shareholders

dr fayaz ladak 50%

azadali ladak 50%

golden ventures limited Estimated Valuation

£305.2k

Pomanda estimates the enterprise value of GOLDEN VENTURES LIMITED at £305.2k based on a Turnover of £732.8k and 0.42x industry multiple (adjusted for size and gross margin).

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Golden Ventures Limited is a live company located in ilford, IG1 4HP with a Companies House number of 06377628. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2007, it's largest shareholder is dr fayaz ladak with a 50% stake. Golden Ventures Limited is a established, small sized company, Pomanda has estimated its turnover at £732.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Golden Ventures Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

7 Weak

Size

annual sales of £732.8k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (4.6%)

EXPORT

Golden Ventures Limited's latest turnover from September 2022 is estimated at £732.8 thousand and the company has net assets of -£87.5 thousand. According to their latest financial statements, we estimate that Golden Ventures Limited has 4 employees and maintains cash reserves of £53.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	732,760	512,962	772,925	12,296,914	9,288,740	3,970,904	69,823	77,937	1,149,521	864,866	3,940,333	6,573,645	3,247,886	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	567,244	405,794	608,231	9,412,224	6,961,258	2,933,433	51,168	57,710	861,591	647,609	2,977,489	5,001,770	2,453,688	0
Gross Profit	165,516	107,169	164,693	2,884,690	2,327,481	1,037,471	18,655	20,227	287,929	217,258	962,845	1,571,875	794,198	0
Admin Expenses	160,116	186,434	160,759	2,893,960	2,321,821	1,007,916	-135,938	10,426	281,308	247,218	1,008,347	1,573,493	822,606	1,473
Operating Profit	5,400	-79,265	3,934	-9,270	5,660	29,555	154,593	9,801	6,621	-29,960	-45,502	-1,618	-28,408	-1,473
Interest Payable	3,966	16,484	14,976	0	0	10,267	20,181	10,311	0	0	0	0	0	0
Interest Receivable	1,258	80	51	0	0	280	286	115	104	9	9	7	39	33
Pre-Tax Profit	2,693	-95,669	-10,991	-9,270	5,660	19,568	134,698	-395	6,724	-29,951	-45,493	-1,611	-28,369	-1,440
Tax	-512	0	0	0	-1,075	-3,718	-26,939	0	-1,412	0	0	0	0	0
Profit After Tax	2,181	-95,669	-10,991	-9,270	4,585	15,850	107,758	-395	5,312	-29,951	-45,493	-1,611	-28,369	-1,440
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,181	-95,669	-10,991	-9,270	4,585	15,850	107,758	-395	5,312	-29,951	-45,493	-1,611	-28,369	-1,440
Employee Costs	175,087	126,192	163,248	1,992,425	1,412,469	645,161	40,778	40,196	150,576	109,540	514,009	908,121	439,533	0
Number Of Employees	4	3	4	47	33	16	1	1	4	3	14	26	13	0
EBITDA*	5,400	-79,265	3,934	-9,270	5,660	29,555	154,593	9,801	6,621	-29,960	-45,502	-1,618	-28,408	-1,473

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	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	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	835,809	609,474	1,432,011	0	0	0	132,316	216,842	0	0	524,594	1,008,254	942,237	1,320,118
Trade Debtors	0	0	0	1,094,215	851,540	375,488	1,670	425	0	36,123	0	0	6,229	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	141,847	515,178	36,861	0	0	0	0	0	0	0	0	0	0	0
Cash	53,515	58,337	101,648	0	0	0	224,379	4,678	41,405	0	3,415	329	2,524	13,164
misc current assets	0	0	0	0	0	0	0	0	0	0	986	0	0	6,012
total current assets	1,031,171	1,182,989	1,570,520	1,094,215	851,540	375,488	358,365	221,945	41,405	36,123	528,995	1,008,583	950,990	1,339,294
total assets	1,031,171	1,182,989	1,570,520	1,094,215	851,540	375,488	358,365	221,945	41,405	36,123	528,995	1,008,583	950,990	1,339,294
Bank overdraft	12,500	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	61,654	45,955	56,881	1,076,286	823,868	350,596	0	0	142,955	142,985	605,906	1,040,001	897,797	1,340,732
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	83,000	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	1,010,341	1,177,242	1,016,652	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,084,495	1,223,197	1,073,533	1,076,286	823,868	350,596	0	0	142,955	142,985	605,906	1,040,001	980,797	1,340,732
loans	34,177	49,474	491,000	0	0	0	328,549	317,254	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	953	1,426	3,231	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	24,003	6,636	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	34,177	49,474	491,000	953	1,426	3,231	352,552	323,890	0	0	0	0	0	0
total liabilities	1,118,672	1,272,671	1,564,533	1,077,239	825,294	353,827	352,552	323,890	142,955	142,985	605,906	1,040,001	980,797	1,340,732
net assets	-87,501	-89,682	5,987	16,976	26,246	21,661	5,813	-101,945	-101,550	-106,862	-76,911	-31,418	-29,807	-1,438
total shareholders funds	-87,501	-89,682	5,987	16,976	26,246	21,661	5,813	-101,945	-101,550	-106,862	-76,911	-31,418	-29,807	-1,438

	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	5,400	-79,265	3,934	-9,270	5,660	29,555	154,593	9,801	6,621	-29,960	-45,502	-1,618	-28,408	-1,473
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	-512	0	0	0	-1,075	-3,718	-26,939	0	-1,412	0	0	0	0	0
Stock	226,335	-822,537	1,432,011	0	0	-132,316	-84,526	216,842	0	-524,594	-483,660	66,017	-377,881	1,320,118
Debtors	-373,331	478,317	-1,057,354	242,675	476,052	373,818	1,245	425	-36,123	36,123	0	-6,229	6,229	0
Creditors	15,699	-10,926	-1,019,405	252,418	473,272	350,596	0	-142,955	-30	-462,921	-434,095	142,204	-442,935	1,340,732
Accruals and Deferred Income	-166,901	160,590	1,015,699	-473	-1,805	3,231	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	682	414,619	-374,429	0	0	138,162	210,935	-350,421	41,302	-4,410	4,063	80,798	-99,691	19,141
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	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	-83,000	83,000	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-15,297	-441,526	491,000	0	0	-328,549	11,295	317,254	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	0	0	0	0	-24,003	17,367	6,636	0	0	0	0	0	0
share issue	0	0	2	0	0	-2	0	0	0	0	0	0	0	2
interest	-2,708	-16,404	-14,925	0	0	-9,987	-19,895	-10,196	104	9	9	7	39	33
cash flow from financing	-18,005	-457,930	476,077	0	0	-362,541	8,767	313,694	104	9	9	-82,993	83,039	35
cash and cash equivalents
cash	-4,822	-43,311	101,648	0	0	-224,379	219,701	-36,727	41,405	-3,415	3,086	-2,195	-10,640	13,164
overdraft	12,500	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-17,322	-43,311	101,648	0	0	-224,379	219,701	-36,727	41,405	-3,415	3,086	-2,195	-10,640	13,164

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLDEN VENTURES LIMITED group structure

Golden Ventures Limited has no subsidiary companies.

Ultimate parent company

GOLDEN VENTURES LIMITED

06377628

GOLDEN VENTURES LIMITED Shareholders

dr fayaz ladak	50%
azadali ladak	50%

Golden Ventures Limited currently has 2 directors. The longest serving directors include Dr Fayaz Ladak (Sep 2007) and Mr Azadali Ladak (Sep 2007).

officer	country	age	start	end	role
Dr Fayaz Ladak	England	45 years	Sep 2007	-	Director
Mr Azadali Ladak		69 years	Sep 2007	-	Director

P&L

September 2022

turnover

732.8k

+43%

operating profit

5.4k

gross margin

22.6%

+8.12%

turnover

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

Balance Sheet

September 2022

net assets

-87.5k

-0.02%

total assets

-0.13%

cash

53.5k

-0.08%

net assets

Total assets minus all liabilities

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4.5

company number

06377628

Type

Private limited with Share Capital

industry

41100 - Development of building projects

41202 - Construction of domestic buildings

incorporation date

September 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

suite 1, excelsior house, 3-5 balfour road, ilford, IG1 4HP

last accounts submitted

September 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 7 charges/mortgages relating to golden ventures limited. Currently there are 0 open charges and 7 have been satisfied in the past.

golden ventures limited Company Information

golden ventures limited Estimated Valuation

golden ventures limited Estimated Valuation

golden ventures limited Estimated Valuation

Golden Ventures Limited Overview

Golden Ventures Limited Health Check

GOLDEN VENTURES LIMITED financials

golden ventures limited Credit Report and Business Information

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golden ventures limited Ownership

golden ventures limited directors

golden ventures limited company details

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golden ventures limited Companies House Filings - See Documents