veks properties (u.k.) limited
veks properties (u.k.) limited Company Information
Company Number
07184611
Next Accounts
Jan 2025
Industry
Buying and selling of own real estate
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
shantilal velji patel
jasuben shantilal patel
Group Structure
View All
Contact
Registered Address
71 elmhurst road, london, london, E7 9PQ
Website
www.veksproperties.comveks properties (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of VEKS PROPERTIES (U.K.) LIMITED at £750.7k based on a Turnover of £265.8k and 2.82x industry multiple (adjusted for size and gross margin).
veks properties (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of VEKS PROPERTIES (U.K.) LIMITED at £253.4k based on an EBITDA of £39.3k and a 6.45x industry multiple (adjusted for size and gross margin).
veks properties (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of VEKS PROPERTIES (U.K.) LIMITED at £0 based on Net Assets of £-60.8k and 1.51x industry multiple (adjusted for liquidity).
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Veks Properties (u.k.) Limited Overview
Veks Properties (u.k.) Limited is a live company located in london, E7 9PQ with a Companies House number of 07184611. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2010, it's largest shareholder is shantilal velji patel with a 50% stake. Veks Properties (u.k.) Limited is a established, micro sized company, Pomanda has estimated its turnover at £265.8k with declining growth in recent years.
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Veks Properties (u.k.) Limited Health Check
Pomanda's financial health check has awarded Veks Properties (U.K.) Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £265.8k, make it smaller than the average company (£813.1k)
- Veks Properties (u.k.) Limited
£813.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.1%)
- Veks Properties (u.k.) Limited
2.1% - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
- Veks Properties (u.k.) Limited
71% - Industry AVG
Profitability
an operating margin of 14.7% make it less profitable than the average company (30.3%)
- Veks Properties (u.k.) Limited
30.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
- Veks Properties (u.k.) Limited
3 - Industry AVG
Pay Structure
on an average salary of £33.7k, the company has an equivalent pay structure (£33.7k)
- Veks Properties (u.k.) Limited
£33.7k - Industry AVG
Efficiency
resulting in sales per employee of £132.9k, this is less efficient (£185.3k)
- Veks Properties (u.k.) Limited
£185.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Veks Properties (u.k.) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Veks Properties (u.k.) Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 2845 days, this is more than average (252 days)
- Veks Properties (u.k.) Limited
252 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)
1 weeks - Veks Properties (u.k.) Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.8%, this is a higher level of debt than the average (66.3%)
109.8% - Veks Properties (u.k.) Limited
66.3% - Industry AVG
VEKS PROPERTIES (U.K.) LIMITED financials
Veks Properties (U.K.) Limited's latest turnover from April 2023 is estimated at £265.8 thousand and the company has net assets of -£60.8 thousand. According to their latest financial statements, we estimate that Veks Properties (U.K.) Limited has 2 employees and maintains cash reserves of £16.5 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 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 3 | 3 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,868 | 2,213 | 2,625 | 3,116 | 3,702 | 4,404 | 933 | 1,186 | 1,511 | 614 | 722 | 850 | 1,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,440 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,868 | 2,213 | 2,625 | 3,116 | 3,702 | 4,404 | 933 | 1,186 | 2,951 | 614 | 722 | 850 | 1,000 |
| Stock & work in progress | 600,789 | 600,789 | 600,789 | 600,789 | 600,789 | 528,666 | 0 | 0 | 0 | 427,942 | 430,928 | 308,813 | 282,666 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 840,067 | 0 | 199,999 | 200,001 | 0 | 2,260 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 840,067 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 16,450 | 19,960 | 18,172 | 103,521 | 28,650 | 13,494 | 95,285 | 2,022 | 1,807 | 5,039 | 2,217 | 1,641 | 31,885 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 617,239 | 620,749 | 618,961 | 704,310 | 1,469,506 | 1,382,227 | 295,285 | 202,021 | 201,808 | 432,981 | 435,405 | 310,454 | 314,551 |
| total assets | 619,107 | 622,962 | 621,586 | 707,426 | 1,473,208 | 1,386,631 | 296,218 | 203,207 | 204,759 | 433,595 | 436,127 | 311,304 | 315,551 |
| Bank overdraft | 414,975 | 414,975 | 414,975 | 414,975 | 414,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 321,200 | 204,366 | 100,070 | 162,852 | 432,071 | 435,993 | 311,936 | 320,270 |
| Group/Directors Accounts | 185,789 | 185,626 | 186,899 | 263,163 | 922,061 | 1,055,044 | 73,428 | 73,589 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 79,157 | 80,357 | 80,637 | 79,057 | 151,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 679,921 | 680,958 | 682,511 | 757,195 | 1,488,626 | 1,376,244 | 277,794 | 173,659 | 162,852 | 432,071 | 435,993 | 311,936 | 320,270 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 679,921 | 680,958 | 682,511 | 757,195 | 1,488,626 | 1,376,244 | 277,794 | 173,659 | 162,852 | 432,071 | 435,993 | 311,936 | 320,270 |
| net assets | -60,814 | -57,996 | -60,925 | -49,769 | -15,418 | 10,387 | 18,424 | 29,548 | 41,907 | 1,524 | 134 | -632 | -4,719 |
| total shareholders funds | -60,814 | -57,996 | -60,925 | -49,769 | -15,418 | 10,387 | 18,424 | 29,548 | 41,907 | 1,524 | 134 | -632 | -4,719 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 345 | 412 | 491 | 586 | 702 | 843 | 253 | 325 | 422 | 108 | 128 | 150 | 250 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 72,123 | 528,666 | 0 | 0 | -427,942 | -2,986 | 122,115 | 26,147 | 282,666 |
| Debtors | 0 | 0 | 0 | -840,067 | 0 | 640,067 | 1 | -2 | 200,001 | -2,260 | 2,260 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | -321,200 | 116,834 | 104,296 | -62,782 | -269,219 | -3,922 | 124,057 | -8,334 | 320,270 |
| Accruals and Deferred Income | -1,200 | -280 | 1,580 | -72,533 | 151,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,440 | 1,440 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 163 | -1,273 | -76,264 | -658,898 | -132,983 | 981,616 | -161 | 73,589 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| 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 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -3,510 | 1,788 | -85,349 | 74,871 | 15,156 | -81,791 | 93,263 | 215 | -3,232 | 2,822 | 576 | -30,244 | 31,885 |
| overdraft | 0 | 0 | 0 | 0 | 414,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,510 | 1,788 | -85,349 | 74,871 | -399,819 | -81,791 | 93,263 | 215 | -3,232 | 2,822 | 576 | -30,244 | 31,885 |
veks properties (u.k.) limited Credit Report and Business Information
Veks Properties (u.k.) Limited Competitor Analysis
Perform a competitor analysis for veks properties (u.k.) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in E 7 area or any other competitors across 12 key performance metrics.
veks properties (u.k.) limited Ownership
VEKS PROPERTIES (U.K.) LIMITED group structure
Veks Properties (U.K.) Limited has no subsidiary companies.
Ultimate parent company
VEKS PROPERTIES (U.K.) LIMITED
07184611
veks properties (u.k.) limited directors
Veks Properties (U.K.) Limited currently has 2 directors. The longest serving directors include Mr Shantilal Patel (Mar 2010) and Mrs Jasuben Patel (Mar 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shantilal Patel | United Kingdom | 57 years | Mar 2010 | - | Director |
| Mrs Jasuben Patel | England | 59 years | Mar 2010 | - | Director |
P&L
April 2023turnover
265.8k
-13%
operating profit
38.9k
0%
gross margin
71.1%
+2.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-60.8k
+0.05%
total assets
619.1k
-0.01%
cash
16.5k
-0.18%
net assets
Total assets minus all liabilities
veks properties (u.k.) limited company details
company number
07184611
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
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
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
IHB ACCOUNTANTS LTD
auditor
-
address
71 elmhurst road, london, london, E7 9PQ
Bank
-
Legal Advisor
-
veks properties (u.k.) 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 4 charges/mortgages relating to veks properties (u.k.) limited. Currently there are 2 open charges and 2 have been satisfied in the past.
veks properties (u.k.) limited Companies House Filings - See Documents
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