hove lets ltd
hove lets ltd Company Information
Company Number
07106854
Next Accounts
Sep 2025
Shareholders
alfred henry haagman
ashley brian bennett
View AllGroup Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
cornelius house, 178-180 church road, hove, east sussex, BN3 2DJ
Website
www.hovelets.comhove lets ltd Estimated Valuation
Pomanda estimates the enterprise value of HOVE LETS LTD at £4.8m based on a Turnover of £1.4m and 3.37x industry multiple (adjusted for size and gross margin).
hove lets ltd Estimated Valuation
Pomanda estimates the enterprise value of HOVE LETS LTD at £623.4k based on an EBITDA of £94.6k and a 6.59x industry multiple (adjusted for size and gross margin).
hove lets ltd Estimated Valuation
Pomanda estimates the enterprise value of HOVE LETS LTD at £2.1m based on Net Assets of £1.2m and 1.75x industry multiple (adjusted for liquidity).
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Hove Lets Ltd Overview
Hove Lets Ltd is a live company located in hove, BN3 2DJ with a Companies House number of 07106854. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2009, it's largest shareholder is alfred henry haagman with a 20% stake. Hove Lets Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.
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Hove Lets Ltd Health Check
Pomanda's financial health check has awarded Hove Lets Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £1.4m, make it larger than the average company (£1.1m)
- Hove Lets Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.6%)
- Hove Lets Ltd
3.6% - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
- Hove Lets Ltd
70.8% - Industry AVG
Profitability
an operating margin of 6.7% make it less profitable than the average company (21.5%)
- Hove Lets Ltd
21.5% - Industry AVG
Employees
with 7 employees, this is above the industry average (4)
7 - Hove Lets Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Hove Lets Ltd
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £202.5k, this is equally as efficient (£202.5k)
- Hove Lets Ltd
£202.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Hove Lets Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Hove Lets Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hove Lets Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Hove Lets Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.4%, this is a lower level of debt than the average (71.5%)
51.4% - Hove Lets Ltd
71.5% - Industry AVG
HOVE LETS LTD financials
Hove Lets Ltd's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £1.2 million. According to their latest financial statements, Hove Lets Ltd has 7 employees and maintains cash reserves of £1.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | 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 | 7 | 7 | 8 | 9 | 8 | 7 | 8 | 8 | 6 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,146 | 20,199 | 16,166 | 16,238 | 7,806 | 8,794 | 8,534 | 10,490 | 5,342 | 5,159 | 4,731 | 3,950 | 2,921 | |
| Intangible Assets | 16,500 | 33,000 | 49,500 | 66,000 | 82,500 | 99,000 | 115,500 | 132,000 | 177,500 | 25,000 | 37,500 | 50,000 | ||
| Investments & Other | 1,377,599 | 1,377,599 | 1,377,599 | 1,377,599 | 1,377,599 | 1,377,599 | 1,377,599 | 1,925,000 | 1,850,000 | 490,353 | ||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,377,599 | 1,397,745 | 1,414,298 | 1,426,765 | 1,443,337 | 1,451,405 | 1,468,893 | 2,032,534 | 1,975,990 | 627,695 | 182,659 | 29,731 | 41,450 | 52,921 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 9,100 | 2,100 | 100 | 1,950 | 100 | |||||||||
| Group Debtors | ||||||||||||||
| Misc Debtors | 1,129,136 | 1,298,433 | 1,276,766 | 1,279,243 | 1,061,811 | 906,811 | 809,208 | 21,126 | 193,945 | |||||
| Cash | 1,837 | 1,918 | 2,206 | 771 | 2,808 | 1,546 | 778 | 16,222 | 1,674 | 2,333 | 175 | 11,041 | 3,461 | |
| misc current assets | ||||||||||||||
| total current assets | 1,130,973 | 1,300,351 | 1,278,972 | 1,280,014 | 1,064,619 | 908,357 | 809,986 | 37,348 | 195,619 | 11,433 | 2,275 | 11,141 | 1,950 | 3,561 |
| total assets | 2,508,572 | 2,698,096 | 2,693,270 | 2,706,779 | 2,507,956 | 2,359,762 | 2,278,879 | 2,069,882 | 2,171,609 | 639,128 | 184,934 | 40,872 | 43,400 | 56,482 |
| Bank overdraft | 106,581 | 42,646 | 59,190 | 42,464 | 54,649 | 13,895 | 43,409 | 55,000 | 70,546 | |||||
| Bank loan | ||||||||||||||
| Trade Creditors | 309,768 | 184,189 | 38,543 | 36,450 | 56,542 | |||||||||
| Group/Directors Accounts | 273,164 | |||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 415,221 | 498,866 | 485,283 | 531,230 | 430,436 | 435,248 | 428,101 | 308,994 | 268,929 | |||||
| total current liabilities | 521,802 | 541,512 | 544,473 | 573,694 | 485,085 | 449,143 | 471,510 | 363,994 | 612,639 | 309,768 | 184,189 | 38,543 | 36,450 | 56,542 |
| loans | 671,700 | 838,665 | 840,226 | 865,770 | 832,703 | 847,366 | 867,774 | 911,239 | 733,281 | 165,769 | ||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 229,421 | 91,557 | ||||||||||||
| provisions | 96,653 | 77,284 | 77,294 | 76,527 | 68,484 | 74,783 | 75,127 | 86,570 | 74,666 | |||||
| total long term liabilities | 768,353 | 915,949 | 917,520 | 942,297 | 901,187 | 922,149 | 942,901 | 997,809 | 1,037,368 | 257,326 | ||||
| total liabilities | 1,290,155 | 1,457,461 | 1,461,993 | 1,515,991 | 1,386,272 | 1,371,292 | 1,414,411 | 1,361,803 | 1,650,007 | 567,094 | 184,189 | 38,543 | 36,450 | 56,542 |
| net assets | 1,218,417 | 1,240,635 | 1,231,277 | 1,190,788 | 1,121,684 | 988,470 | 864,468 | 708,079 | 521,602 | 72,034 | 745 | 2,329 | 6,950 | -60 |
| total shareholders funds | 1,218,417 | 1,240,635 | 1,231,277 | 1,190,788 | 1,121,684 | 988,470 | 864,468 | 708,079 | 521,602 | 72,034 | 745 | 2,329 | 6,950 | -60 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 5,547 | 6,828 | 4,852 | 4,696 | 2,417 | 3,842 | 3,903 | 4,171 | 2,864 | 3,759 | 1,635 | 1,679 | 828 | |
| Amortisation | 16,500 | 16,500 | 16,500 | 16,500 | 16,500 | 16,500 | 16,500 | 16,500 | 45,500 | 20,500 | 12,500 | 12,500 | 12,500 | |
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -169,297 | 21,667 | -2,477 | 217,432 | 155,000 | 97,603 | 788,082 | -172,819 | 184,845 | 7,000 | 2,000 | -1,850 | 1,850 | 100 |
| Creditors | -309,768 | 125,579 | 145,646 | 2,093 | -20,092 | 56,542 | ||||||||
| Accruals and Deferred Income | -83,645 | 13,583 | -45,947 | 100,794 | -4,812 | 7,147 | 119,107 | 40,065 | 268,929 | |||||
| Deferred Taxes & Provisions | 19,369 | -10 | 767 | 8,043 | -6,299 | -344 | -11,443 | 11,904 | 74,666 | |||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -547,401 | 75,000 | 1,359,647 | 490,353 | ||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -273,164 | 273,164 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -166,965 | -1,561 | -25,544 | 33,067 | -14,663 | -20,408 | -43,465 | 177,958 | 567,512 | 165,769 | ||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -229,421 | 137,864 | 91,557 | |||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -81 | -288 | 1,435 | -2,037 | 1,262 | 768 | -15,444 | 14,548 | -659 | 2,158 | -10,866 | 11,041 | -3,461 | 3,461 |
| overdraft | 63,935 | -16,544 | 16,726 | -12,185 | 40,754 | -29,514 | -11,591 | -15,546 | 70,546 | |||||
| change in cash | -64,016 | 16,256 | -15,291 | 10,148 | -39,492 | 30,282 | -3,853 | 30,094 | -71,205 | 2,158 | -10,866 | 11,041 | -3,461 | 3,461 |
hove lets ltd Credit Report and Business Information
Hove Lets Ltd Competitor Analysis
Perform a competitor analysis for hove lets ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in BN3 area or any other competitors across 12 key performance metrics.
hove lets ltd Ownership
HOVE LETS LTD group structure
Hove Lets Ltd has no subsidiary companies.
Ultimate parent company
HOVE LETS LTD
07106854
hove lets ltd directors
Hove Lets Ltd currently has 5 directors. The longest serving directors include Mr Ashley Bennett (Dec 2009) and Mr Stephen Hardwick (Apr 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ashley Bennett | England | 36 years | Dec 2009 | - | Director |
| Mr Stephen Hardwick | 62 years | Apr 2010 | - | Director | |
| Mr David Hartley | 61 years | Apr 2010 | - | Director | |
| Mr David Willis | 65 years | Jul 2018 | - | Director | |
| Mr Alfred Haagman | United Kingdom | 65 years | Jul 2018 | - | Director |
P&L
December 2023turnover
1.4m
+8%
operating profit
94.6k
0%
gross margin
70.8%
+0.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.2m
-0.02%
total assets
2.5m
-0.07%
cash
1.8k
-0.04%
net assets
Total assets minus all liabilities
Similar Companies
hove lets ltd company details
company number
07106854
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 Full
last accounts submitted
December 2023
previous names
N/A
accountant
PARKERS
auditor
-
address
cornelius house, 178-180 church road, hove, east sussex, BN3 2DJ
Bank
-
Legal Advisor
-
hove lets ltd 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 8 charges/mortgages relating to hove lets ltd. Currently there are 4 open charges and 4 have been satisfied in the past.
hove lets ltd 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 HOVE LETS LTD. This can take several minutes, an email will notify you when this has completed.
hove lets ltd Companies House Filings - See Documents
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