let365 ltd
let365 ltd Company Information
Company Number
07236717
Next Accounts
Dec 2024
Industry
Management of real estate on a fee or contract basis
Directors
Shareholders
mr richard raffill
Group Structure
View All
Contact
Registered Address
18 northcote road, london, E17 7DU
Website
lets365.comlet365 ltd Estimated Valuation
Pomanda estimates the enterprise value of LET365 LTD at £685.5k based on a Turnover of £308.5k and 2.22x industry multiple (adjusted for size and gross margin).
let365 ltd Estimated Valuation
Pomanda estimates the enterprise value of LET365 LTD at £0 based on an EBITDA of £-106k and a 7.78x industry multiple (adjusted for size and gross margin).
let365 ltd Estimated Valuation
Pomanda estimates the enterprise value of LET365 LTD at £0 based on Net Assets of £-155.8k and 1.62x industry multiple (adjusted for liquidity).
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Let365 Ltd Overview
Let365 Ltd is a dissolved company that was located in london, E17 7DU with a Companies House number of 07236717. It operated in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in April 2010, it's largest shareholder was mr richard raffill with a 100% stake. The last turnover for Let365 Ltd was estimated at £308.5k.
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Let365 Ltd Health Check
Pomanda's financial health check has awarded Let365 Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £308.5k, make it smaller than the average company (£793.9k)
- Let365 Ltd
£793.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (3.4%)
- Let365 Ltd
3.4% - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
- Let365 Ltd
45.2% - Industry AVG
Profitability
an operating margin of -36.5% make it less profitable than the average company (6.7%)
- Let365 Ltd
6.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (9)
6 - Let365 Ltd
9 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
- Let365 Ltd
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £51.4k, this is less efficient (£93.3k)
- Let365 Ltd
£93.3k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is near the average (31 days)
- Let365 Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (30 days)
- Let365 Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Let365 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (23 weeks)
8 weeks - Let365 Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 235.7%, this is a higher level of debt than the average (84.8%)
235.7% - Let365 Ltd
84.8% - Industry AVG
LET365 LTD financials
Let365 Ltd's latest turnover from April 2020 is estimated at £308.5 thousand and the company has net assets of -£155.8 thousand. According to their latest financial statements, Let365 Ltd has 6 employees and maintains cash reserves of £45.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 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 | 6 | 6 | 4 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,729 | 19,279 | 6,028 | 2,028 | 2,916 | 1,621 | 2,479 | 884 | 1,307 | 1,350 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 14,729 | 19,279 | 6,028 | 2,028 | 2,916 | 1,621 | 2,479 | 884 | 1,307 | 1,350 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 25,906 | 36,880 | 28,986 | 585 | 4,615 | 4,047 | 300 | 600 | 367 | 809 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 28,791 | 2,862 | 0 | 1,556 | 2,200 | 0 | 0 | 0 | 0 | 0 |
| Cash | 45,389 | 23,828 | 13,383 | 8,613 | 24,650 | 25,274 | 36,274 | 30,966 | 34,129 | 28,587 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 100,086 | 63,570 | 42,369 | 10,754 | 31,465 | 29,321 | 36,574 | 31,566 | 34,496 | 29,396 |
| total assets | 114,815 | 82,849 | 48,397 | 12,782 | 34,381 | 30,942 | 39,053 | 32,450 | 35,803 | 30,746 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,113 | 14,794 | 17,532 | 2,212 | 1,976 | 27,258 | 17,907 | 21,140 | 25,305 | 17,014 |
| Group/Directors Accounts | 8,007 | 1,411 | 1,603 | 23,046 | 6,375 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,585 | 2,387 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 232,418 | 97,762 | 46,638 | 11,115 | 20,688 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 263,123 | 116,354 | 65,773 | 36,373 | 29,039 | 27,258 | 17,907 | 21,140 | 25,305 | 17,014 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,487 | 9,796 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 1,145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,487 | 9,796 | 1,145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 270,610 | 126,150 | 66,918 | 36,373 | 29,039 | 27,258 | 17,907 | 21,140 | 25,305 | 17,014 |
| net assets | -155,795 | -43,301 | -18,521 | -23,591 | 5,342 | 3,684 | 21,146 | 11,310 | 10,498 | 13,732 |
| total shareholders funds | -155,795 | -43,301 | -18,521 | -23,591 | 5,342 | 3,684 | 21,146 | 11,310 | 10,498 | 13,732 |
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 6,537 | 5,271 | 1,719 | 1,021 | 842 | 858 | 928 | 423 | 384 | 426 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 14,955 | 10,756 | 26,845 | -4,674 | 2,768 | 3,747 | -300 | 233 | -442 | 809 |
| Creditors | 5,319 | -2,738 | 15,320 | 236 | -25,282 | 9,351 | -3,233 | -4,165 | 8,291 | 17,014 |
| Accruals and Deferred Income | 134,656 | 51,124 | 35,523 | -9,573 | 20,688 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -1,145 | 1,145 | 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 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,596 | -192 | -21,443 | 16,671 | 6,375 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,111 | 12,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 21,561 | 10,445 | 4,770 | -16,037 | -624 | -11,000 | 5,308 | -3,163 | 5,542 | 28,587 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 21,561 | 10,445 | 4,770 | -16,037 | -624 | -11,000 | 5,308 | -3,163 | 5,542 | 28,587 |
let365 ltd Credit Report and Business Information
Let365 Ltd Competitor Analysis
Perform a competitor analysis for let365 ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other undefined companies, companies in E17 area or any other competitors across 12 key performance metrics.
let365 ltd Ownership
LET365 LTD group structure
Let365 Ltd has no subsidiary companies.
Ultimate parent company
LET365 LTD
07236717
let365 ltd directors
Let365 Ltd currently has 1 director, Mr Florin Butnariu serving since Mar 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Florin Butnariu | England | 36 years | Mar 2022 | - | Director |
P&L
April 2020turnover
308.5k
-12%
operating profit
-112.5k
0%
gross margin
45.2%
-8.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2020net assets
-155.8k
+2.6%
total assets
114.8k
+0.39%
cash
45.4k
+0.9%
net assets
Total assets minus all liabilities
let365 ltd company details
company number
07236717
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
April 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2020
previous names
N/A
accountant
-
auditor
-
address
18 northcote road, london, E17 7DU
Bank
-
Legal Advisor
-
let365 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 did not find charges/mortgages relating to let365 ltd.
let365 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
