Sure2let Property Limited

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sure2let property limited Company Information

Live

EstablishedMicroHealthy

Company Number

06999051

Website

www.sure2let.net

Registered Address

handel house, 95 high street, edgware, middlesex, HA8 7DB

Industry

Management of real estate on a fee or contract basis

Telephone

02037304734

Next Accounts Due

December 2024

Group Structure

View All

Directors

Lee Warr15 Years

Shareholders

mr lee warr 100%

sure2let property limited Estimated Valuation

£93k

Pomanda estimates the enterprise value of SURE2LET PROPERTY LIMITED at £93k based on a Turnover of £75k and 1.24x industry multiple (adjusted for size and gross margin).

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Sure2let Property Limited is a live company located in edgware, HA8 7DB with a Companies House number of 06999051. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in August 2009, it's largest shareholder is mr lee warr with a 100% stake. Sure2let Property Limited is a established, micro sized company, Pomanda has estimated its turnover at £75k with healthy growth in recent years.

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Pomanda's financial health check has awarded Sure2Let Property Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £75k, make it smaller than the average company (£1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.6%)

EXPORT

Sure2Let Property Limited's latest turnover from March 2023 is estimated at £75 thousand and the company has net assets of £249. According to their latest financial statements, Sure2Let Property Limited has 2 employees and maintains cash reserves of £34.4 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	Aug 2013
Turnover	75,022	106,256	101,984	61,389	147,329	98,855	54,709	34,211	52,619	24,797	24,169
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	65,624	93,269	91,625	54,237	128,338	85,218	46,452	28,051	44,878	21,501	21,593
Gross Profit	9,398	12,987	10,360	7,152	18,990	13,637	8,257	6,160	7,740	3,296	2,575
Admin Expenses	11,693	24,293	-830	8,753	23,907	16,105	-4,947	13,519	12,031	-4,352	-5,339
Operating Profit	-2,295	-11,306	11,190	-1,601	-4,917	-2,468	13,204	-7,359	-4,291	7,648	7,914
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,135	445	34	7	0	0	6	27	49	70	37
Pre-Tax Profit	-161	-10,861	11,223	-1,594	-4,917	-2,468	13,210	-7,332	-4,242	7,718	7,951
Tax	0	0	-2,132	0	0	0	-2,642	0	0	-1,775	-1,829
Profit After Tax	-161	-10,861	9,091	-1,594	-4,917	-2,468	10,568	-7,332	-4,242	5,943	6,122
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-161	-10,861	9,091	-1,594	-4,917	-2,468	10,568	-7,332	-4,242	5,943	6,122
Employee Costs	82,223	77,190	73,062	70,418	69,239	33,900	33,817	35,607	33,210	32,832	32,646
Number Of Employees	2	2	2	2	2	1	1	1	1	1	1
EBITDA*	-2,295	-11,306	11,190	-1,601	-4,917	-2,468	13,204	-7,327	-4,249	7,704	7,989

* 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	Aug 2013
Tangible Assets	53	53	53	53	53	388	388	95	127	169	225
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	53	53	53	53	53	388	388	95	127	169	225
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	47,281	30,122	22,123	8,773	13,647	6,130	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0
Cash	34,421	66,026	52,593	14,487	0	0	0	4,641	6,224	13,485	14,614
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	34,421	66,026	52,593	14,487	47,281	30,122	22,123	13,414	19,871	19,615	14,614
total assets	34,474	66,079	52,646	14,540	47,334	30,510	22,511	13,509	19,998	19,784	14,839
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	22,572	52,021	41,375	12,360	43,660	21,919	5,152	12,918	12,075	7,619	8,617
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	22,572	52,021	41,375	12,360	43,660	21,919	5,152	12,918	12,075	7,619	8,617
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	1,000	0	0	0	0
other liabilities	11,653	13,648	0	0	0	0	5,300	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	11,653	13,648	0	0	0	0	6,300	0	0	0	0
total liabilities	34,225	65,669	41,375	12,360	43,660	21,919	11,452	12,918	12,075	7,619	8,617
net assets	249	410	11,271	2,180	3,674	8,591	11,059	591	7,923	12,165	6,222
total shareholders funds	249	410	11,271	2,180	3,674	8,591	11,059	591	7,923	12,165	6,222

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Operating Activities
Operating Profit	-2,295	-11,306	11,190	-1,601	-4,917	-2,468	13,204	-7,359	-4,291	7,648	7,914	0	0	0
Depreciation	0	0	0	0	0	0	0	32	42	56	75	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-2,132	0	0	0	-2,642	0	0	-1,775	-1,829	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	-47,281	17,159	7,999	13,350	-4,874	7,517	6,130	0	0	0	0
Creditors	-29,449	10,646	29,015	-31,300	21,741	16,767	-7,766	843	4,456	-998	8,617	0	0	0
Accruals and Deferred Income	0	0	0	0	0	-1,000	1,000	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	-31,744	-660	38,073	14,380	-335	5,300	-9,554	-1,610	-7,310	-1,199	14,777	0	0	0
Investing Activities
capital expenditure	0	0	0	0	335	0	-293	0	0	0	-300	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	335	0	-293	0	0	0	-300	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	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-1,995	13,648	0	0	0	-5,300	5,300	0	0	0	0	0	0	0
share issue	0	0	0	100	0	0	-100	0	0	0	100	0	0	0
interest	2,135	445	34	7	0	0	6	27	49	70	37	0	0	0
cash flow from financing	140	14,093	34	107	0	-5,300	5,206	27	49	70	137	0	0	0
cash and cash equivalents
cash	-31,605	13,433	38,106	14,487	0	0	-4,641	-1,583	-7,261	-1,129	14,614	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-31,605	13,433	38,106	14,487	0	0	-4,641	-1,583	-7,261	-1,129	14,614	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sure2let property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in HA8 area or any other competitors across 12 key performance metrics.

SURE2LET PROPERTY LIMITED group structure

Sure2Let Property Limited has no subsidiary companies.

Ultimate parent company

SURE2LET PROPERTY LIMITED

06999051

SURE2LET PROPERTY LIMITED Shareholders

mr lee warr

100%

Sure2Let Property Limited currently has 1 director, Mr Lee Warr serving since Aug 2009.

officer	country	age	start	end	role
Mr Lee Warr	United Kingdom	61 years	Aug 2009	-	Director

P&L

March 2023

turnover

75k

-29%

operating profit

-2.3k

gross margin

12.6%

+2.49%

turnover

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

Balance Sheet

March 2023

net assets

249

-0.39%

total assets

34.5k

-0.48%

cash

34.4k

-0.48%

net assets

Total assets minus all liabilities

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company number

06999051

Type

Private limited with Share Capital

industry

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

incorporation date

August 2009

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

handel house, 95 high street, edgware, middlesex, HA8 7DB

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 sure2let property limited.

sure2let property limited Company Information

sure2let property limited Estimated Valuation

sure2let property limited Estimated Valuation

sure2let property limited Estimated Valuation

Sure2let Property Limited Overview

Sure2let Property Limited Health Check

SURE2LET PROPERTY LIMITED financials

sure2let property limited Credit Report and Business Information

Sure2let Property Limited Competitor Analysis

sure2let property limited Ownership

sure2let property limited directors

sure2let property limited company details

sure2let property limited Charges & Mortgages

sure2let property limited Companies House Filings - See Documents