n2 properties limited
n2 properties limited Company Information
Company Number
07099320
Next Accounts
Jan 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Directors
Shareholders
stratton insurance purpose trust
Group Structure
View All
Contact
Registered Address
langley house park road, east finchley, london, N2 8EY
Website
-n2 properties limited Estimated Valuation
Pomanda estimates the enterprise value of N2 PROPERTIES LIMITED at £4m based on a Turnover of £1.7m and 2.35x industry multiple (adjusted for size and gross margin).
n2 properties limited Estimated Valuation
Pomanda estimates the enterprise value of N2 PROPERTIES LIMITED at £0 based on an EBITDA of £-24.9k and a 4.65x industry multiple (adjusted for size and gross margin).
n2 properties limited Estimated Valuation
Pomanda estimates the enterprise value of N2 PROPERTIES LIMITED at £0 based on Net Assets of £-89.3k and 1.71x industry multiple (adjusted for liquidity).
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N2 Properties Limited Overview
N2 Properties Limited is a dissolved company that was located in london, N2 8EY with a Companies House number of 07099320. It operated in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2009, it's largest shareholder was stratton insurance purpose trust with a 100% stake. The last turnover for N2 Properties Limited was estimated at £1.7m.
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N2 Properties Limited Health Check
Pomanda's financial health check has awarded N2 Properties Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.7m, make it larger than the average company (£509.3k)
- N2 Properties Limited
£509.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (2.4%)
- N2 Properties Limited
2.4% - Industry AVG
Production
with a gross margin of 22.8%, this company has a higher cost of product (62.8%)
- N2 Properties Limited
62.8% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (44.4%)
- N2 Properties Limited
44.4% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (5)
- N2 Properties Limited
5 - Industry AVG
Pay Structure
on an average salary of £24.5k, the company has an equivalent pay structure (£24.5k)
- N2 Properties Limited
£24.5k - Industry AVG
Efficiency
resulting in sales per employee of £338.1k, this is more efficient (£180.5k)
- N2 Properties Limited
£180.5k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (30 days)
- N2 Properties Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (38 days)
- N2 Properties Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 967 days, this is more than average (59 days)
- N2 Properties Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (14 weeks)
9 weeks - N2 Properties Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.3%, this is a higher level of debt than the average (63.5%)
102.3% - N2 Properties Limited
63.5% - Industry AVG
N2 PROPERTIES LIMITED financials
N2 Properties Limited's latest turnover from December 2013 is estimated at £1.7 million and the company has net assets of -£89.3 thousand. According to their latest financial statements, we estimate that N2 Properties Limited has 5 employees and maintains cash reserves of £10.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 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 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 3,456,478 | 3,003,117 | 2,048,377 | 662,585 |
| Trade Debtors | 391,891 | 348,588 | 247,366 | 74,313 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 10,403 | 0 | 33,504 | 17,788 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 3,858,772 | 3,351,705 | 2,329,247 | 754,686 |
| total assets | 3,858,772 | 3,351,705 | 2,329,247 | 754,686 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 60,067 | 54,579 | 53,631 | 75,102 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 60,067 | 54,579 | 53,631 | 75,102 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 3,887,956 | 3,361,507 | 2,326,436 | 699,214 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,887,956 | 3,361,507 | 2,326,436 | 699,214 |
| total liabilities | 3,948,023 | 3,416,086 | 2,380,067 | 774,316 |
| net assets | -89,251 | -64,381 | -50,820 | -19,630 |
| total shareholders funds | -89,251 | -64,381 | -50,820 | -19,630 |
| Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 453,361 | 954,740 | 1,385,792 | 662,585 |
| Debtors | 43,303 | 101,222 | 173,053 | 74,313 |
| Creditors | 5,488 | 948 | -21,471 | 75,102 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 526,449 | 1,035,071 | 1,627,222 | 699,214 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 10,403 | -33,504 | 15,716 | 17,788 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 10,403 | -33,504 | 15,716 | 17,788 |
n2 properties limited Credit Report and Business Information
N2 Properties Limited Competitor Analysis
Perform a competitor analysis for n2 properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other undefined companies, companies in N 2 area or any other competitors across 12 key performance metrics.
n2 properties limited Ownership
N2 PROPERTIES LIMITED group structure
N2 Properties Limited has no subsidiary companies.
Ultimate parent company
STRATTON INSURANCE LTD
#0078258
1 parent
N2 PROPERTIES LIMITED
07099320
n2 properties limited directors
N2 Properties Limited currently has 1 director, Mr David Breeze serving since Dec 2009.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Breeze | England | 59 years | Dec 2009 | - | Director |
P&L
December 2013turnover
1.7m
+16%
operating profit
-24.9k
0%
gross margin
22.9%
-0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2013net assets
-89.3k
+0.39%
total assets
3.9m
+0.15%
cash
10.4k
0%
net assets
Total assets minus all liabilities
n2 properties limited company details
company number
07099320
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
December 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
December 2013
previous names
N/A
accountant
-
auditor
-
address
langley house park road, east finchley, london, N2 8EY
Bank
-
Legal Advisor
-
n2 properties 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 n2 properties limited.
n2 properties 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.
Click to start generating capital raising & share issue transactions for N2 PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.
n2 properties limited Companies House Filings - See Documents
| date | description | view/download |
|---|
