pip lettings limited
pip lettings limited Company Information
Company Number
06558217
Next Accounts
431 days late
Industry
Management of real estate on a fee or contract basis
Directors
Shareholders
michael brian scrase-hollamby
Group Structure
View All
Contact
Registered Address
27 dorrigan close, lincoln, LN1 1AT
Website
www.pippropertygroup.co.ukpip lettings limited Estimated Valuation
Pomanda estimates the enterprise value of PIP LETTINGS LIMITED at £115k based on a Turnover of £95.7k and 1.2x industry multiple (adjusted for size and gross margin).
pip lettings limited Estimated Valuation
Pomanda estimates the enterprise value of PIP LETTINGS LIMITED at £0 based on an EBITDA of £-12k and a 4.21x industry multiple (adjusted for size and gross margin).
pip lettings limited Estimated Valuation
Pomanda estimates the enterprise value of PIP LETTINGS LIMITED at £0 based on Net Assets of £-17.7k and 1.62x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pip Lettings Limited Overview
Pip Lettings Limited is a live company located in lincoln, LN1 1AT with a Companies House number of 06558217. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in April 2008, it's largest shareholder is michael brian scrase-hollamby with a 100% stake. Pip Lettings Limited is a established, micro sized company, Pomanda has estimated its turnover at £95.7k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Pip Lettings Limited Health Check
Pomanda's financial health check has awarded Pip Lettings 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
1 Strong
2 Regular
7 Weak
Size
annual sales of £95.7k, make it smaller than the average company (£1m)
- Pip Lettings Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (1.3%)
- Pip Lettings Limited
1.3% - Industry AVG
Production
with a gross margin of 9.2%, this company has a higher cost of product (44.6%)
- Pip Lettings Limited
44.6% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (7.4%)
- Pip Lettings Limited
7.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (11)
- Pip Lettings Limited
11 - Industry AVG
Pay Structure
on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)
- Pip Lettings Limited
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £95.7k, this is equally as efficient (£94.6k)
- Pip Lettings Limited
£94.6k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (36 days)
- Pip Lettings Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 174 days, this is slower than average (29 days)
- Pip Lettings Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pip Lettings Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Pip Lettings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 172.6%, this is a higher level of debt than the average (85.9%)
172.6% - Pip Lettings Limited
85.9% - Industry AVG
PIP LETTINGS LIMITED financials
Pip Lettings Limited's latest turnover from December 2021 is estimated at £95.7 thousand and the company has net assets of -£17.7 thousand. According to their latest financial statements, we estimate that Pip Lettings Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||||||
| Number Of Employees | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,020 | 2,267 | 2,562 | 3,452 | 4,535 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,020 | 2,267 | 2,562 | 3,452 | 4,535 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,386 | 37,692 | 36,051 | 50,029 | 76,150 | 58,720 | 83,752 | 94,749 | 75,280 | 55,050 | 50,154 | 58,977 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 40,009 | 85,311 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,386 | 37,692 | 36,051 | 50,029 | 76,150 | 98,729 | 169,063 | 94,749 | 75,280 | 55,050 | 50,154 | 58,977 |
| total assets | 24,386 | 37,692 | 36,051 | 50,029 | 76,150 | 98,729 | 169,063 | 96,769 | 77,547 | 57,612 | 53,606 | 63,512 |
| Bank overdraft | 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 |
| Trade Creditors | 41,595 | 41,914 | 39,413 | 39,028 | 59,140 | 79,941 | 94,133 | 77,640 | 75,053 | 54,402 | 51,973 | 74,712 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 41,595 | 41,914 | 39,413 | 39,028 | 59,140 | 79,941 | 94,133 | 77,640 | 75,053 | 54,402 | 51,973 | 74,712 |
| loans | 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 |
| Accruals and Deferred Income | 500 | 1,500 | 1,000 | 0 | 500 | 1,850 | 4,300 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 12,000 | 12,000 | 12,000 | 12,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 404 | 453 | 511 | 690 | 0 |
| total long term liabilities | 500 | 1,500 | 1,000 | 10,966 | 12,500 | 13,850 | 16,300 | 12,404 | 453 | 511 | 690 | 0 |
| total liabilities | 42,095 | 43,414 | 40,413 | 49,994 | 71,640 | 93,791 | 110,433 | 90,044 | 75,506 | 54,913 | 52,663 | 74,712 |
| net assets | -17,709 | -5,722 | -4,362 | 35 | 4,510 | 4,938 | 58,630 | 6,725 | 2,041 | 2,699 | 943 | -11,200 |
| total shareholders funds | -17,709 | -5,722 | -4,362 | 35 | 4,510 | 4,938 | 58,630 | 6,725 | 2,041 | 2,699 | 943 | -11,200 |
| Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2,020 | 578 | 826 | 890 | 1,508 | 1,744 |
| Amortisation | 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 |
| Debtors | -13,306 | 1,641 | -13,978 | -26,121 | 17,430 | -25,032 | -10,997 | 19,469 | 20,230 | 4,896 | -8,823 | 58,977 |
| Creditors | -319 | 2,501 | 385 | -20,112 | -20,801 | -14,192 | 16,493 | 2,587 | 20,651 | 2,429 | -22,739 | 74,712 |
| Accruals and Deferred Income | -1,000 | 500 | 1,000 | -500 | -1,350 | -2,450 | 4,300 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -404 | -49 | -58 | -179 | 690 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -12,000 | 0 | 0 | 0 | 12,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | 0 | 0 | -40,009 | -45,302 | 85,311 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -40,009 | -45,302 | 85,311 | 0 | 0 | 0 | 0 | 0 |
pip lettings limited Credit Report and Business Information
Pip Lettings Limited Competitor Analysis
Perform a competitor analysis for pip lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LN1 area or any other competitors across 12 key performance metrics.
pip lettings limited Ownership
PIP LETTINGS LIMITED group structure
Pip Lettings Limited has no subsidiary companies.
Ultimate parent company
PIP LETTINGS LIMITED
06558217
pip lettings limited directors
Pip Lettings Limited currently has 1 director, Mr Michael Scrase-Hollamby serving since Apr 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Scrase-Hollamby | England | 52 years | Apr 2008 | - | Director |
P&L
December 2021turnover
95.7k
-30%
operating profit
-12k
0%
gross margin
9.2%
+13.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-17.7k
+2.09%
total assets
24.4k
-0.35%
cash
0
0%
net assets
Total assets minus all liabilities
pip lettings limited company details
company number
06558217
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
April 2008
age
16
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
27 dorrigan close, lincoln, LN1 1AT
Bank
-
Legal Advisor
-
pip 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 pip lettings limited.
pip lettings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
