Expresspace (victoria) Limited

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expresspace (victoria) limited Company Information

Live

EstablishedSmallDeclining

Company Number

07345607

Website

Registered Address

334 - 336, goswell road, london, EC1V 7RP

Industry

Other accommodation

Telephone

Next Accounts Due

60 days late

Group Structure

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Directors

Anilkumar Patel13 Years

Bhikhubhai Patel12 Years

Shareholders

expresspace ltd 100%

expresspace (victoria) limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of EXPRESSPACE (VICTORIA) LIMITED at £2.9m based on a Turnover of £4m and 0.72x industry multiple (adjusted for size and gross margin).

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Expresspace (victoria) Limited is a live company located in london, EC1V 7RP with a Companies House number of 07345607. It operates in the other accommodation sector, SIC Code 55900. Founded in August 2010, it's largest shareholder is expresspace ltd with a 100% stake. Expresspace (victoria) Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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Pomanda's financial health check has awarded Expresspace (Victoria) Limited a 2.5 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

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £4m, make it larger than the average company (£839.4k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EXPRESSPACE (VICTORIA) LIMITED group structure

Expresspace (Victoria) Limited has 1 subsidiary company.

Ultimate parent company

EXPRESSPACE LIMITED

03184868

1 parent

EXPRESSPACE (VICTORIA) LIMITED

07345607

1 subsidiary

EXPRESSPACE MELBOURNE HOUSE LTD

12501708

EXPRESSPACE (VICTORIA) LIMITED Shareholders

expresspace ltd

100%

Expresspace (Victoria) Limited currently has 2 directors. The longest serving directors include Mr Anilkumar Patel (Aug 2010) and Mr Bhikhubhai Patel (Sep 2011).

officer	country	age	start	end	role
Mr Anilkumar Patel	England	48 years	Aug 2010	-	Director
Mr Bhikhubhai Patel	United Kingdom	75 years	Sep 2011	-	Director

EXPORT

Expresspace (Victoria) Limited's latest turnover from June 2022 is estimated at £4 million and the company has net assets of -£1.3 million. According to their latest financial statements, Expresspace (Victoria) Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	3,986,837	3,073,841	3,552,691	4,310,199	5,927,202	6,263,840	8,181,968	7,758,058	9,128,907	2,890,209	812,474	338,246
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,421,935	2,705,475	3,110,764	3,743,258	4,931,340	4,637,321	6,074,598	5,604,394	6,631,994	2,120,567	579,494	231,532
Gross Profit	564,902	368,366	441,927	566,941	995,861	1,626,519	2,107,370	2,153,664	2,496,913	769,643	232,980	106,715
Admin Expenses	451,651	445,961	373,544	372,251	924,421	1,762,246	2,415,049	2,173,867	2,450,841	742,534	496,787	669,193
Operating Profit	113,251	-77,595	68,383	194,690	71,440	-135,727	-307,679	-20,203	46,072	27,109	-263,807	-562,478
Interest Payable	0	0	0	0	0	0	0	0	121,037	153,223	62,375	30,189
Interest Receivable	0	0	0	0	0	75	233	85	3,109	3,108	86	86
Pre-Tax Profit	113,251	-77,595	68,383	194,690	71,440	-135,652	-307,446	-20,118	-71,856	-123,006	-326,096	-592,581
Tax	-21,518	0	-12,993	-36,991	-13,574	0	0	0	0	0	0	0
Profit After Tax	91,733	-77,595	55,390	157,699	57,866	-135,652	-307,446	-20,118	-71,856	-123,006	-326,096	-592,581
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	91,733	-77,595	55,390	157,699	57,866	-135,652	-307,446	-20,118	-71,856	-123,006	-326,096	-592,581
Employee Costs	91,496	89,883	88,925	88,448	1,279,510	1,474,200	2,097,249	2,433,482	2,685,793	966,818	287,332	126,547
Number Of Employees	4	4	4	4	61	70	101	114	127	46	14	6
EBITDA*	113,251	-77,595	68,383	194,690	71,440	-135,727	-307,679	-20,203	46,072	27,109	-263,807	-562,478

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Tangible Assets	3,670,083	3,902,458	3,908,490	3,916,535	3,884,357	3,885,757	3,656,507	3,656,507	3,656,507	3,656,507	3,068,640	3,068,640
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	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	0	0
Total Fixed Assets	3,670,083	3,902,458	3,908,490	3,916,535	3,884,357	3,885,757	3,656,507	3,656,507	3,656,507	3,656,507	3,068,640	3,068,640
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,012,708	695,971	871,403	855,718	698,462	746,083	990,021	990,230	1,047,689	336,104	65,544	27,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	59,746	33,414	731	1,243,002	0	34,268
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,012,708	695,971	871,403	855,718	698,462	746,083	1,049,767	1,023,644	1,048,420	1,579,106	65,544	61,268
total assets	4,682,791	4,598,429	4,779,893	4,772,253	4,582,819	4,631,840	4,706,274	4,680,151	4,704,927	5,235,613	3,134,184	3,129,908
Bank overdraft	0	0	0	0	0	0	0	0	0	210,000	990,328	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	417,179	213,906	249,877	259,835	229,969	208,249	210,000	213,576	210,001	5,001	568,296	259,900
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	928,895
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	417,179	213,906	249,877	259,835	229,969	208,249	210,000	213,576	210,001	215,001	1,558,624	1,188,795
loans	0	0	0	0	0	0	0	0	0	3,514,220	0	0
hp & lease commitments	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
other liabilities	5,557,274	5,767,918	5,835,816	5,873,608	5,871,739	6,000,346	5,937,376	5,600,231	5,608,464	2,548,074	2,494,236	2,533,693
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	5,557,274	5,767,918	5,835,816	5,873,608	5,871,739	6,000,346	5,937,376	5,600,231	5,608,464	6,062,294	2,494,236	2,533,693
total liabilities	5,974,453	5,981,824	6,085,693	6,133,443	6,101,708	6,208,595	6,147,376	5,813,807	5,818,465	6,277,295	4,052,860	3,722,488
net assets	-1,291,662	-1,383,395	-1,305,800	-1,361,190	-1,518,889	-1,576,755	-1,441,102	-1,133,656	-1,113,538	-1,041,682	-918,676	-592,580
total shareholders funds	-1,291,662	-1,383,395	-1,305,800	-1,361,190	-1,518,889	-1,576,755	-1,441,102	-1,133,656	-1,113,538	-1,041,682	-918,676	-592,580

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Operating Activities
Operating Profit	113,251	-77,595	68,383	194,690	71,440	-135,727	-307,679	-20,203	46,072	27,109	-263,807	-562,478
Depreciation	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
Tax	-21,518	0	-12,993	-36,991	-13,574	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	316,737	-175,432	15,685	157,256	-47,621	-243,938	-209	-57,459	711,585	270,560	38,544	27,000
Creditors	203,273	-35,971	-9,958	29,866	21,720	-1,751	-3,576	3,575	205,000	-563,295	308,396	259,900
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-21,731	61,866	29,747	30,309	127,207	106,460	-311,046	40,831	-460,513	-806,746	6,045	-329,578
Investing Activities
capital expenditure	232,375	6,032	8,045	-32,178	1,400	-229,250	0	0	0	-587,867	0	-3,068,640
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	232,375	6,032	8,045	-32,178	1,400	-229,250	0	0	0	-587,867	0	-3,068,640
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	-928,895	928,895
Long term loans	0	0	0	0	0	0	0	0	-3,514,220	3,514,220	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-210,644	-67,898	-37,792	1,869	-128,607	62,970	337,145	-8,233	3,060,390	53,838	-39,457	2,533,693
share issue	0	0	0	0	0	-1	0	0	0	0	0	1
interest	0	0	0	0	0	75	233	85	-117,928	-150,115	-62,289	-30,103
cash flow from financing	-210,644	-67,898	-37,792	1,869	-128,607	63,044	337,378	-8,148	-571,758	3,417,943	-1,030,641	3,432,486
cash and cash equivalents
cash	0	0	0	0	0	-59,746	26,332	32,683	-1,242,271	1,243,002	-34,268	34,268
overdraft	0	0	0	0	0	0	0	0	-210,000	-780,328	990,328	0
change in cash	0	0	0	0	0	-59,746	26,332	32,683	-1,032,271	2,023,330	-1,024,596	34,268

P&L

June 2022

turnover

+30%

operating profit

113.3k

gross margin

14.2%

+18.24%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2022

net assets

-1.3m

-0.07%

total assets

4.7m

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

07345607

Type

Private limited with Share Capital

industry

55900 - Other accommodation

incorporation date

August 2010

age

accounts

Micro-Entity Accounts

ultimate parent company

EXPRESSPACE LIMITED

previous names

N/A

incorporated

address

334 - 336, goswell road, london, EC1V 7RP

last accounts submitted

June 2022

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 5 charges/mortgages relating to expresspace (victoria) limited. Currently there are 3 open charges and 2 have been satisfied in the past.

expresspace (victoria) limited Company Information

expresspace (victoria) limited Estimated Valuation

expresspace (victoria) limited Estimated Valuation

expresspace (victoria) limited Estimated Valuation

Expresspace (victoria) Limited AI Business Plan

Expresspace (victoria) Limited Overview

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EXPRESSPACE (VICTORIA) LIMITED financials

expresspace (victoria) limited company details

expresspace (victoria) limited Charges & Mortgages

expresspace (victoria) limited Companies House Filings - See Documents