homelet (the letting centre) ltd
homelet (the letting centre) ltd Company Information
Group Structure
View All
Industry
Real estate agencies
Registered Address
40 market place, belper, derbyshire, DE56 1FZ
Website
www.homeletsuk.comhomelet (the letting centre) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOMELET (THE LETTING CENTRE) LTD at £766.5k based on a Turnover of £370.6k and 2.07x industry multiple (adjusted for size and gross margin).
homelet (the letting centre) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOMELET (THE LETTING CENTRE) LTD at £359.2k based on an EBITDA of £54.5k and a 6.59x industry multiple (adjusted for size and gross margin).
homelet (the letting centre) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOMELET (THE LETTING CENTRE) LTD at £1.1m based on Net Assets of £544.7k and 2.02x industry multiple (adjusted for liquidity).
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Homelet (the Letting Centre) Ltd Overview
Homelet (the Letting Centre) Ltd is a live company located in derbyshire, DE56 1FZ with a Companies House number of 07354241. It operates in the real estate agencies sector, SIC Code 68310. Founded in August 2010, it's largest shareholder is sanjeev ghai with a 100% stake. Homelet (the Letting Centre) Ltd is a established, micro sized company, Pomanda has estimated its turnover at £370.6k with low growth in recent years.
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Homelet (the Letting Centre) Ltd Health Check
Pomanda's financial health check has awarded Homelet (The Letting Centre) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £370.6k, make it smaller than the average company (£624.1k)
- Homelet (the Letting Centre) Ltd
£624.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.2%)
- Homelet (the Letting Centre) Ltd
4.2% - Industry AVG
Production
with a gross margin of 87.1%, this company has a comparable cost of product (87.1%)
- Homelet (the Letting Centre) Ltd
87.1% - Industry AVG
Profitability
an operating margin of 13.6% make it more profitable than the average company (7.6%)
- Homelet (the Letting Centre) Ltd
7.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (14)
5 - Homelet (the Letting Centre) Ltd
14 - Industry AVG
Pay Structure
on an average salary of £39.5k, the company has an equivalent pay structure (£39.5k)
- Homelet (the Letting Centre) Ltd
£39.5k - Industry AVG
Efficiency
resulting in sales per employee of £74.1k, this is equally as efficient (£85.3k)
- Homelet (the Letting Centre) Ltd
£85.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Homelet (the Letting Centre) Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (43 days)
- Homelet (the Letting Centre) Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (54 days)
- Homelet (the Letting Centre) Ltd
54 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 175 weeks, this is more cash available to meet short term requirements (43 weeks)
175 weeks - Homelet (the Letting Centre) Ltd
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.2%, this is a lower level of debt than the average (49.8%)
16.2% - Homelet (the Letting Centre) Ltd
49.8% - Industry AVG
HOMELET (THE LETTING CENTRE) LTD financials
Homelet (The Letting Centre) Ltd's latest turnover from August 2023 is estimated at £370.6 thousand and the company has net assets of £544.7 thousand. According to their latest financial statements, Homelet (The Letting Centre) Ltd has 5 employees and maintains cash reserves of £347.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 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 | 5 | 4 | 5 | 5 | 5 | 5 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 138,821 | 127,369 | 127,748 | 128,253 | 128,927 | 129,827 | 129,561 | 129,538 | 3,709 | 4,146 | 5,129 | 2,358 | 2,664 |
| Intangible Assets | 2,000 | 4,000 | 6,000 | 8,000 | |||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 138,821 | 127,369 | 127,748 | 128,253 | 128,927 | 129,827 | 129,561 | 129,538 | 3,709 | 6,146 | 9,129 | 8,358 | 10,664 |
| Stock & work in progress | 1,620 | 1,620 | 1,620 | 1,620 | 1,620 | 1,650 | 1,650 | 1,650 | 1,650 | 1,650 | 5,125 | 1,840 | 1,400 |
| Trade Debtors | 3,503 | 62,698 | 10,587 | 10,587 | 8,750 | ||||||||
| Group Debtors | |||||||||||||
| Misc Debtors | 161,908 | 165,211 | 111,954 | 126,101 | 145,141 | 159,558 | 125,932 | 122,025 | 91,985 | ||||
| Cash | 347,841 | 280,478 | 258,944 | 229,766 | 202,417 | 132,116 | 45,525 | 78,050 | 50,795 | 9,269 | 39,946 | 2,960 | 5,600 |
| misc current assets | |||||||||||||
| total current assets | 511,369 | 450,812 | 372,518 | 357,487 | 349,178 | 293,324 | 173,107 | 201,725 | 144,430 | 73,617 | 55,658 | 15,387 | 15,750 |
| total assets | 650,190 | 578,181 | 500,266 | 485,740 | 478,105 | 423,151 | 302,668 | 331,263 | 148,139 | 79,763 | 64,787 | 23,745 | 26,414 |
| Bank overdraft | 7,105 | 7,105 | 7,105 | 7,105 | 7,223 | 61 | |||||||
| Bank loan | |||||||||||||
| Trade Creditors | 2,014 | 2,178 | 3,610 | 2,774 | 1,279 | 4,621 | 2,409 | 4,357 | 1,452 | 73,769 | 63,618 | 22,896 | 19,226 |
| Group/Directors Accounts | 3,009 | ||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 101,068 | 81,152 | 76,888 | 71,079 | 54,940 | 78,714 | 48,995 | 116,729 | 82,824 | ||||
| total current liabilities | 103,082 | 83,330 | 80,498 | 80,958 | 63,324 | 90,440 | 58,509 | 128,309 | 84,337 | 73,769 | 63,618 | 22,896 | 22,235 |
| loans | 34,434 | 41,212 | 47,673 | 53,833 | 59,587 | ||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | 2,393 | 217 | 289 | 385 | 513 | 684 | 633 | 662 | 742 | 830 | 1,026 | 472 | 533 |
| total long term liabilities | 2,393 | 217 | 289 | 34,819 | 41,725 | 48,357 | 54,466 | 60,249 | 742 | 830 | 1,026 | 472 | 533 |
| total liabilities | 105,475 | 83,547 | 80,787 | 115,777 | 105,049 | 138,797 | 112,975 | 188,558 | 85,079 | 74,599 | 64,644 | 23,368 | 22,768 |
| net assets | 544,715 | 494,634 | 419,479 | 369,963 | 373,056 | 284,354 | 189,693 | 142,705 | 63,060 | 5,164 | 143 | 377 | 3,646 |
| total shareholders funds | 544,715 | 494,634 | 419,479 | 369,963 | 373,056 | 284,354 | 189,693 | 142,705 | 63,060 | 5,164 | 143 | 377 | 3,646 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 4,197 | 379 | 505 | 674 | 406 | 1,199 | 1,110 | 1,101 | 1,101 | 1,383 | 1,710 | 786 | 888 |
| Amortisation | 2,000 | 2,000 | 2,000 | 2,000 | |||||||||
| Tax | |||||||||||||
| Stock | -30 | -3,475 | 3,285 | 440 | 1,400 | ||||||||
| Debtors | -6,806 | 56,760 | -14,147 | -19,040 | -14,417 | 33,626 | 3,907 | 30,040 | 29,287 | 52,111 | 1,837 | 8,750 | |
| Creditors | -164 | -1,432 | 836 | 1,495 | -3,342 | 2,212 | -1,948 | 2,905 | -72,317 | 10,151 | 40,722 | 3,670 | 19,226 |
| Accruals and Deferred Income | 19,916 | 4,264 | 5,809 | 16,139 | -23,774 | 29,719 | -67,734 | 33,905 | 82,824 | ||||
| Deferred Taxes & Provisions | 2,176 | -72 | -96 | -128 | -171 | 51 | -29 | -80 | -88 | -196 | 554 | -61 | 533 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -3,009 | 3,009 | |||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | -34,434 | -6,778 | -6,461 | -6,160 | -5,754 | 59,587 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 67,363 | 21,534 | 29,178 | 27,349 | 70,301 | 86,591 | -32,525 | 27,255 | 41,526 | -30,677 | 36,986 | -2,640 | 5,600 |
| overdraft | -7,105 | -118 | 7,162 | 61 | |||||||||
| change in cash | 67,363 | 21,534 | 36,283 | 27,349 | 70,301 | 86,591 | -32,407 | 20,093 | 41,465 | -30,677 | 36,986 | -2,640 | 5,600 |
homelet (the letting centre) ltd Credit Report and Business Information
Homelet (the Letting Centre) Ltd Competitor Analysis
Perform a competitor analysis for homelet (the letting centre) ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in DE56 area or any other competitors across 12 key performance metrics.
homelet (the letting centre) ltd Ownership
HOMELET (THE LETTING CENTRE) LTD group structure
Homelet (The Letting Centre) Ltd has no subsidiary companies.
Ultimate parent company
HOMELET (THE LETTING CENTRE) LTD
07354241
homelet (the letting centre) ltd directors
Homelet (The Letting Centre) Ltd currently has 1 director, Mr Sanjeev Ghai serving since Aug 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sanjeev Ghai | United Kingdom | 50 years | Aug 2010 | - | Director |
P&L
August 2023turnover
370.6k
+116%
operating profit
50.3k
0%
gross margin
87.1%
-5.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
544.7k
+0.1%
total assets
650.2k
+0.12%
cash
347.8k
+0.24%
net assets
Total assets minus all liabilities
homelet (the letting centre) ltd company details
company number
07354241
Type
Private limited with Share Capital
industry
68310 - Real estate agencies
incorporation date
August 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
NRB ACCOUNTANCY LIMITED
auditor
-
address
40 market place, belper, derbyshire, DE56 1FZ
Bank
-
Legal Advisor
-
homelet (the letting centre) 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 3 charges/mortgages relating to homelet (the letting centre) ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
homelet (the letting centre) 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 HOMELET (THE LETTING CENTRE) LTD. This can take several minutes, an email will notify you when this has completed.
homelet (the letting centre) ltd Companies House Filings - See Documents
| date | description | view/download |
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