secure lettings limited

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secure lettings limited Company Information

Share SECURE LETTINGS LIMITED

Company Number

06531673

Shareholders

mr stuart denton

louise denton

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Group Structure

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Industry

Management of real estate on a fee or contract basis

 

Registered Address

westwood house westwood road, earlsdon, coventry, CV5 6GF

secure lettings limited Estimated Valuation

£261.9k

Pomanda estimates the enterprise value of SECURE LETTINGS LIMITED at £261.9k based on a Turnover of £166.8k and 1.57x industry multiple (adjusted for size and gross margin).

secure lettings limited Estimated Valuation

£7k

Pomanda estimates the enterprise value of SECURE LETTINGS LIMITED at £7k based on an EBITDA of £1.5k and a 4.57x industry multiple (adjusted for size and gross margin).

secure lettings limited Estimated Valuation

£2.5k

Pomanda estimates the enterprise value of SECURE LETTINGS LIMITED at £2.5k based on Net Assets of £1.4k and 1.8x industry multiple (adjusted for liquidity).

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Secure Lettings Limited Overview

Secure Lettings Limited is a live company located in coventry, CV5 6GF with a Companies House number of 06531673. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in March 2008, it's largest shareholder is mr stuart denton with a 46.7% stake. Secure Lettings Limited is a established, micro sized company, Pomanda has estimated its turnover at £166.8k with low growth in recent years.

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Secure Lettings Limited Health Check

Pomanda's financial health check has awarded Secure Lettings Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £166.8k, make it smaller than the average company (£397.5k)

£166.8k - Secure Lettings Limited

£397.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6%)

1% - Secure Lettings Limited

6% - Industry AVG

production

Production

with a gross margin of 15.6%, this company has a higher cost of product (59.4%)

15.6% - Secure Lettings Limited

59.4% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (8.2%)

0.9% - Secure Lettings Limited

8.2% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (6)

3 - Secure Lettings Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £40k, the company has an equivalent pay structure (£40k)

£40k - Secure Lettings Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £55.6k, this is less efficient (£101.8k)

£55.6k - Secure Lettings Limited

£101.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 136 days, this is later than average (45 days)

136 days - Secure Lettings Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 158 days, this is slower than average (30 days)

158 days - Secure Lettings Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Secure Lettings Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Secure Lettings Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 97.8%, this is a higher level of debt than the average (59.8%)

97.8% - Secure Lettings Limited

59.8% - Industry AVG

SECURE LETTINGS LIMITED financials

EXPORTms excel logo

Secure Lettings Limited's latest turnover from March 2024 is estimated at £166.8 thousand and the company has net assets of £1.4 thousand. According to their latest financial statements, Secure Lettings Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover166,754152,542170,386160,534123,272102,33892,79189,49786,85699,86482,70289,31726,64726,53732,518
Other Income Or Grants000000000000000
Cost Of Sales140,684126,512142,389136,919101,42583,74474,97770,50871,09284,99071,04279,24423,65123,78729,612
Gross Profit26,07026,03127,99723,61521,84718,59417,81418,98915,76514,87311,66010,0732,9962,7502,905
Admin Expenses24,54126,44428,30923,34822,25018,17217,97718,52715,77815,16911,4838,9353,884725,019
Operating Profit1,529-413-312267-403422-163462-13-2961771,138-8882,678-2,114
Interest Payable000000000000000
Interest Receivable00000005321519716814613714675
Pre-Tax Profit1,529-413-312267-403422-163515201-993451,284-7512,824-2,039
Tax-38200-510-800-103-400-79-3080-7910
Profit After Tax1,147-413-312216-403342-163412161-99266976-7512,033-2,039
Dividends Paid000000000000000
Retained Profit1,147-413-312216-403342-163412161-99266976-7512,033-2,039
Employee Costs120,025117,818110,609105,627101,33166,50063,79763,54735,44232,98932,79231,64431,95031,92633,584
Number Of Employees333332221111111
EBITDA*1,529-413-312267-403422-163462-13-2961772,3383123,878-914

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets000000000000000
Intangible Assets0000000000001,2002,4003,600
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets0000000000001,2002,4003,600
Stock & work in progress000000000000000
Trade Debtors62,58067,32180,21480,05854,32051,32846,68546,6610000282626
Group Debtors000000000000000
Misc Debtors000000000000000
Cash0000000042,39643,46335,28332,04426,34128,44329,822
misc current assets000000000000000
total current assets62,58067,32180,21480,05854,32051,32846,68546,66142,39643,46335,28332,04426,36928,46929,848
total assets62,58067,32180,21480,05854,32051,32846,68546,66142,39643,46335,28332,04427,56930,86933,448
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 61,20767,09579,57558,10753,58550,19045,88945,70241,54942,77734,49831,52528,02630,57535,187
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities61,20767,09579,57558,10753,58550,19045,88945,70241,54942,77734,49831,52528,02630,57535,187
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00021,00000000000000
provisions000000000000000
total long term liabilities00021,00000000000000
total liabilities61,20767,09579,57579,10753,58550,19045,88945,70241,54942,77734,49831,52528,02630,57535,187
net assets1,3732266399517351,138796959847686785519-457294-1,739
total shareholders funds1,3732266399517351,138796959847686785519-457294-1,739
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,529-413-312267-403422-163462-13-2961771,138-8882,678-2,114
Depreciation000000000000000
Amortisation000000000001,2001,2001,2001,200
Tax-38200-510-800-103-400-79-3080-7910
Stock000000000000000
Debtors-4,741-12,89315625,7382,9924,6432446,661000-282026
Creditors-5,888-12,48021,4684,5223,3954,3011874,153-1,2288,2792,9733,499-2,549-4,61235,187
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations0021,000-21,000000-42,149-1,2817,9833,0715,557-2,239-1,52534,247
Investing Activities
capital expenditure00000000000000-4,800
Change in Investments000000000000000
cash flow from investments00000000000000-4,800
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00-21,00021,00000000000000
share issue0000000-300000000300
interest00000005321519716814613714675
cash flow from financing00-21,00021,000000-247215197168146137146375
cash and cash equivalents
cash0000000-42,396-1,0678,1803,2395,703-2,102-1,37929,822
overdraft000000000000000
change in cash0000000-42,396-1,0678,1803,2395,703-2,102-1,37929,822

secure lettings 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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Secure Lettings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for secure lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in CV5 area or any other competitors across 12 key performance metrics.

secure lettings limited Ownership

SECURE LETTINGS LIMITED group structure

Secure Lettings Limited has no subsidiary companies.

Ultimate parent company

SECURE LETTINGS LIMITED

06531673

SECURE LETTINGS LIMITED Shareholders

mr stuart denton 46.67%
louise denton 46.33%
mr robert denton 7%

secure lettings limited directors

Secure Lettings Limited currently has 2 directors. The longest serving directors include Mr Robert Denton (Mar 2008) and Mr Stuart Denton (Mar 2008).

officercountryagestartendrole
Mr Robert Denton48 years Mar 2008- Director
Mr Stuart DentonEngland46 years Mar 2008- Director

P&L

March 2024

turnover

166.8k

+9%

operating profit

1.5k

0%

gross margin

15.7%

-8.38%

turnover

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

Balance Sheet

March 2024

net assets

1.4k

+5.08%

total assets

62.6k

-0.07%

cash

0

0%

net assets

Total assets minus all liabilities

secure lettings limited company details

company number

06531673

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

March 2008

age

17

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

PRIME

auditor

-

address

westwood house westwood road, earlsdon, coventry, CV5 6GF

Bank

-

Legal Advisor

-

secure lettings 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 secure lettings limited.

secure lettings 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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secure lettings limited Companies House Filings - See Documents

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