lateral property group limited
lateral property group limited Company Information
Company Number
07067427
Website
www.lateralproperty.co.ukRegistered Address
37 parliament street, harrogate, north yorkshire, HG1 2RE
Industry
Buying and selling of own real estate
Telephone
02036575800
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
steven james redshaw 50%
philip duncan lunn 50%
lateral property group limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY GROUP LIMITED at £1.1m based on a Turnover of £463.5k and 2.32x industry multiple (adjusted for size and gross margin).
lateral property group limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY GROUP LIMITED at £353.8k based on an EBITDA of £58.1k and a 6.09x industry multiple (adjusted for size and gross margin).
lateral property group limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY GROUP LIMITED at £1m based on Net Assets of £712.3k and 1.46x industry multiple (adjusted for liquidity).
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Lateral Property Group Limited Overview
Lateral Property Group Limited is a live company located in north yorkshire, HG1 2RE with a Companies House number of 07067427. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 2009, it's largest shareholder is steven james redshaw with a 50% stake. Lateral Property Group Limited is a established, micro sized company, Pomanda has estimated its turnover at £463.5k with rapid growth in recent years.
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Lateral Property Group Limited Health Check
Pomanda's financial health check has awarded Lateral Property Group Limited a 3 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £463.5k, make it smaller than the average company (£840.1k)
- Lateral Property Group Limited
£840.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (2%)
- Lateral Property Group Limited
2% - Industry AVG
Production
with a gross margin of 68.7%, this company has a comparable cost of product (68.7%)
- Lateral Property Group Limited
68.7% - Industry AVG
Profitability
an operating margin of 12.5% make it less profitable than the average company (31.9%)
- Lateral Property Group Limited
31.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Lateral Property Group Limited
4 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Lateral Property Group Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £231.8k, this is more efficient (£195k)
- Lateral Property Group Limited
£195k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is later than average (26 days)
- Lateral Property Group Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (30 days)
- Lateral Property Group Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lateral Property Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Lateral Property Group Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.3%, this is a higher level of debt than the average (64.4%)
73.3% - Lateral Property Group Limited
64.4% - Industry AVG
LATERAL PROPERTY GROUP LIMITED financials
Lateral Property Group Limited's latest turnover from April 2023 is estimated at £463.5 thousand and the company has net assets of £712.3 thousand. According to their latest financial statements, Lateral Property Group Limited has 2 employees and maintains cash reserves of £3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 128,000 | 128,500 | 173,366 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | ||||||||
| Gross Profit | 0 | 0 | 128,000 | 128,500 | 173,366 | ||||||||
| Admin Expenses | -18,735 | 63,862 | 21,299 | 9,891 | 340,654 | ||||||||
| Operating Profit | 18,735 | -63,862 | 106,701 | 118,609 | -167,288 | ||||||||
| Interest Payable | 184,338 | 83,730 | 189,776 | 350,012 | 228,940 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -765,603 | -147,592 | 102,525 | -231,403 | 781,145 | ||||||||
| Tax | 0 | 2,000 | 0 | -3,205 | 0 | ||||||||
| Profit After Tax | -765,603 | -145,592 | 102,525 | -234,608 | 781,145 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | ||||||||
| Retained Profit | -765,603 | -145,592 | 102,525 | -234,608 | 781,145 | ||||||||
| Employee Costs | 0 | 0 | 0 | 0 | |||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||||||||
| EBITDA* | 18,735 | -63,862 | 106,701 | 118,609 | -167,288 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 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 |
| Investments & Other | 1,084,345 | 1,084,345 | 1,084,343 | 1,084,343 | 1,084,345 | 1,084,345 | 1,084,345 | 1,084,345 | 1,684,345 | 1,684,345 | 1,726,345 | 2,690,371 | 1,949,010 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,084,345 | 1,084,345 | 1,084,343 | 1,084,343 | 1,084,345 | 1,084,345 | 1,084,345 | 1,084,345 | 1,684,345 | 1,684,345 | 1,726,345 | 2,690,371 | 1,949,010 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 47,859 | 18,298 | 1,189 | 1,189 | 30,823 | 42,116 | 8,583 | 0 | 3,203 | 0 | 0 | 0 | 0 |
| Group Debtors | 20,351 | 20,351 | 699,553 | 699,553 | 818,515 | 1,778,873 | 1,847,061 | 1,308,701 | 1,575,704 | 1,325,616 | 967,183 | 1,017,059 | 1,079,054 |
| Misc Debtors | 1,508,942 | 2,335,320 | 1,578,228 | 1,578,228 | 1,496,299 | 846,744 | 927,567 | 179,787 | 41,101 | 22,927 | 152,339 | 31,977 | 13,229 |
| Cash | 3,042 | 3,568 | 1,633 | 1,633 | 2,365 | 148 | 145 | 413,288 | 3,989 | 8,436 | 0 | 99,494 | 4,214 |
| misc current assets | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,582,194 | 2,379,537 | 2,280,603 | 2,280,603 | 2,348,002 | 2,667,881 | 2,783,356 | 1,901,776 | 1,623,997 | 1,356,979 | 1,119,522 | 1,148,530 | 1,096,497 |
| total assets | 2,666,539 | 3,463,882 | 3,364,946 | 3,364,946 | 3,432,347 | 3,752,226 | 3,867,701 | 2,986,121 | 3,308,342 | 3,041,324 | 2,845,867 | 3,838,901 | 3,045,507 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 210,000 | 210,000 | 0 | 0 | 0 | 2,020 | 0 |
| Bank loan | 0 | 0 | 57,030 | 57,030 | 57,030 | 57,030 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 40,182 | 5,000 | 7,273 | 7,273 | 10,963 | 28,145 | 21,584 | 2,221 | 0 | 10,198 | 803,205 | 19,779 | 18,189 |
| Group/Directors Accounts | 1,272,535 | 2,036,693 | 1,305,854 | 1,305,854 | 1,339,054 | 1,374,616 | 2,325,141 | 894,340 | 1,000,528 | 140,021 | 0 | 958 | 155,856 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 304,882 | 419,882 | 440,000 | 0 | 272,000 | 203,165 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,000 | 1,000 | 356,372 | 355,372 | 358,397 | 425,372 | 425,372 | 478,517 | 29,750 | 442,331 | 0 | 373,017 | 331,611 |
| total current liabilities | 1,313,717 | 2,042,693 | 1,726,529 | 1,725,529 | 1,765,444 | 1,885,163 | 2,982,097 | 1,889,960 | 1,450,160 | 1,032,550 | 803,205 | 667,774 | 708,821 |
| loans | 640,489 | 698,459 | 698,459 | 698,459 | 712,970 | 872,970 | 1,051,266 | 267,030 | 337,178 | 1,167,683 | 1,355,722 | 2,339,082 | 1,555,539 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 899,235 | 825,505 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,876 | 285,506 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 640,489 | 698,459 | 698,459 | 698,459 | 712,970 | 872,970 | 1,051,266 | 1,166,265 | 1,162,683 | 1,167,683 | 1,393,598 | 2,624,588 | 1,555,539 |
| total liabilities | 1,954,206 | 2,741,152 | 2,424,988 | 2,423,988 | 2,478,414 | 2,758,133 | 4,033,363 | 3,056,225 | 2,612,843 | 2,200,233 | 2,196,803 | 3,292,362 | 2,264,360 |
| net assets | 712,333 | 722,730 | 939,958 | 940,958 | 953,933 | 994,093 | -165,662 | -70,104 | 695,499 | 841,091 | 649,064 | 546,539 | 781,147 |
| total shareholders funds | 712,333 | 722,730 | 939,958 | 940,958 | 953,933 | 994,093 | -165,662 | -70,104 | 695,499 | 841,091 | 649,064 | 546,539 | 781,147 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 18,735 | -63,862 | 106,701 | 118,609 | -167,288 | ||||||||
| Depreciation | 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 |
| Tax | 0 | 2,000 | 0 | -3,205 | 0 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -796,817 | 94,999 | 0 | -66,667 | -322,096 | -115,478 | 1,294,723 | -131,520 | 271,465 | 229,021 | 70,486 | -43,247 | 1,092,283 |
| Creditors | 35,182 | -2,273 | 0 | -3,690 | -17,182 | 6,561 | 19,363 | 2,221 | -10,198 | -793,007 | 783,426 | 1,590 | 18,189 |
| Accruals and Deferred Income | 0 | -355,372 | 1,000 | -3,025 | -66,975 | 0 | -952,380 | 522,497 | 412,924 | 442,331 | -373,017 | 41,406 | 331,611 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 674,973 | 69,399 | 446,624 | 201,647 | -909,771 | ||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 2 | 0 | -2 | 0 | 0 | 0 | -600,000 | 0 | -42,000 | -964,026 | 741,361 | 1,949,010 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | -57,030 | 0 | 0 | 0 | 57,030 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -764,158 | 730,839 | 0 | -33,200 | -35,562 | -950,525 | 1,430,801 | -106,188 | 860,507 | 140,021 | -958 | -154,898 | 155,856 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -304,882 | -115,000 | -20,118 | 440,000 | -272,000 | 68,835 | 203,165 |
| Long term loans | -57,970 | 0 | 0 | -14,511 | -160,000 | -178,296 | 784,236 | -70,148 | -830,505 | -188,039 | -983,360 | 783,543 | 1,555,539 |
| Hire Purchase and Lease Commitments | 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 | -37,876 | -247,630 | 285,506 | 0 |
| share issue | |||||||||||||
| interest | -184,338 | -83,730 | -189,776 | -350,012 | -228,940 | ||||||||
| cash flow from financing | -475,674 | -73,846 | -1,693,724 | 632,974 | 1,685,622 | ||||||||
| cash and cash equivalents | |||||||||||||
| cash | -526 | 1,935 | 0 | -732 | 2,217 | 3 | -413,143 | 409,299 | -4,447 | 8,436 | -99,494 | 95,280 | 4,214 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -210,000 | 0 | 210,000 | 0 | 0 | -2,020 | 2,020 | 0 |
| change in cash | -526 | 1,935 | 0 | -732 | 2,217 | 210,003 | -413,143 | 199,299 | -4,447 | 8,436 | -97,474 | 93,260 | 4,214 |
lateral property group limited Credit Report and Business Information
Lateral Property Group Limited Competitor Analysis
Perform a competitor analysis for lateral property group limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in HG1 area or any other competitors across 12 key performance metrics.
lateral property group limited Ownership
LATERAL PROPERTY GROUP LIMITED group structure
Lateral Property Group Limited has 7 subsidiary companies.
Ultimate parent company
LATERAL PROPERTY GROUP LIMITED
07067427
7 subsidiaries
lateral property group limited directors
Lateral Property Group Limited currently has 2 directors. The longest serving directors include Mr Steven Redshaw (Nov 2009) and Mr Philip Lunn (Nov 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Redshaw | 50 years | Nov 2009 | - | Director | |
| Mr Philip Lunn | 51 years | Nov 2009 | - | Director |
P&L
April 2023turnover
463.5k
+116%
operating profit
58.1k
0%
gross margin
68.8%
+2.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
712.3k
-0.01%
total assets
2.7m
-0.23%
cash
3k
-0.15%
net assets
Total assets minus all liabilities
lateral property group limited company details
company number
07067427
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
November 2009
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2022
previous names
N/A
accountant
BUCKLE BARTON LIMITED
auditor
-
address
37 parliament street, harrogate, north yorkshire, HG1 2RE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
lateral property group 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 3 charges/mortgages relating to lateral property group limited. Currently there are 2 open charges and 1 have been satisfied in the past.
lateral property group limited Companies House Filings - See Documents
| date | description | view/download |
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