Pomanda estimates the enterprise value of NEXT STEP DEVELOPMENTS LIMITED at £5.5m based on a Turnover of £2.3m and 2.45x industry multiple (adjusted for size and gross margin).
next step developments limitedEstimated Valuation
£177.5k
Pomanda estimates the enterprise value of NEXT STEP DEVELOPMENTS LIMITED at £177.5k based on an EBITDA of £37.1k and a 4.78x industry multiple (adjusted for size and gross margin).
next step developments limitedEstimated Valuation
£3.4m
Pomanda estimates the enterprise value of NEXT STEP DEVELOPMENTS LIMITED at £3.4m based on Net Assets of £1.9m and 1.75x industry multiple (adjusted for liquidity).
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Next Step Developments LimitedOverview
Next Step Developments Limited is a live company located in oxted, RH8 9EP with a Companies House number of 07478647. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2010, it's largest shareholder is
james stephens
with a 34% stake. Next Step Developments Limited is a established,
small sized company, Pomanda has estimated its turnover at
£2.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Next Step Developments Limited a 4 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 Rating4out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £2.3m, make it larger than the average company (£1.1m)
£2.3m - Next Step Developments Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.6%)
-5% - Next Step Developments Limited
3.6% - Industry AVG
Production
with a gross margin of 26.9%, this company has a higher cost of product (71%)
26.9% - Next Step Developments Limited
71% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (21.6%)
1.7% - Next Step Developments Limited
21.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Next Step Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
£33.1k - Next Step Developments Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £2.3m, this is more efficient (£202.7k)
£2.3m - Next Step Developments Limited
£202.7k - Industry AVG
Debtor Days
it gets paid by customers after 143 days, this is later than average (33 days)
143 days - Next Step Developments Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (34 days)
2 days - Next Step Developments Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is in line with average (53 days)
61 days - Next Step Developments Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 343 weeks, this is more cash available to meet short term requirements (10 weeks)
343 weeks - Next Step Developments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.8%, this is a similar level of debt than the average (71.6%)
75.8% - Next Step Developments Limited
71.6% - Industry AVG
NEXT STEP DEVELOPMENTS LIMITED financials
EXPORT
Next Step Developments Limited's latest turnover from December 2023 is estimated at £2.3 million and the company has net assets of £1.9 million. According to their latest financial statements, Next Step Developments Limited has 1 employee and maintains cash reserves of £78 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
Turnover
2,250,713
2,080,769
2,044,450
2,594,734
938,737
63,813
59,800
63,094
77,961
587,695
312,961
Other Income Or Grants
Cost Of Sales
1,645,008
1,568,024
1,553,658
1,963,301
707,978
47,670
43,481
44,825
57,211
443,999
241,470
Gross Profit
605,705
512,745
490,791
631,433
230,760
16,142
16,319
18,269
20,751
143,696
71,491
Admin Expenses
568,676
439,384
406,031
579,305
50,188
-433,578
-319,309
-22,934
-15,950
263,881
101,541
1,704
Operating Profit
37,029
73,361
84,760
52,128
180,572
449,720
335,628
41,203
36,701
-120,185
-30,050
-1,704
Interest Payable
172,092
333,400
277,990
194,521
79,645
4,922
4,922
Interest Receivable
6,623
5,449
544
345
2,893
1,516
676
308
1,889
2,229
344
Pre-Tax Profit
43,652
78,810
85,304
52,473
11,373
117,837
58,314
-153,010
-41,056
-117,956
-34,629
-1,704
Tax
-10,913
-14,974
-16,208
-9,970
-2,161
-22,389
-11,080
Profit After Tax
32,739
63,836
69,096
42,503
9,212
95,448
47,234
-153,010
-41,056
-117,956
-34,629
-1,704
Dividends Paid
Retained Profit
32,739
63,836
69,096
42,503
9,212
95,448
47,234
-153,010
-41,056
-117,956
-34,629
-1,704
Employee Costs
33,123
31,427
30,188
28,430
29,194
28,009
26,754
26,667
26,667
51,378
24,500
24,194
Number Of Employees
1
1
1
1
1
1
1
1
1
2
1
1
EBITDA*
37,118
73,479
84,918
52,338
180,853
450,094
336,127
42,199
62,119
-119,835
-29,700
-1,704
* 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
Tangible Assets
6,740,413
6,740,502
6,740,620
6,740,778
8,247,797
8,248,078
8,248,452
6,934,066
4,853,832
2,002,574
887,872
332,753
Intangible Assets
Investments & Other
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
6,740,414
6,740,503
6,740,621
6,740,779
8,247,797
8,248,078
8,248,452
6,934,066
4,853,832
2,002,574
887,872
332,753
Stock & work in progress
278,014
278,014
278,014
Trade Debtors
886,664
876,664
877,161
935,536
283,685
2,419
370
Group Debtors
Misc Debtors
288,685
488,534
1,849
2,654
Cash
77,970
174,344
137,024
298,044
391,061
380,285
24,019
246,526
755,507
136,149
1,261
misc current assets
1,810
3,166
1,541
22,722
108,018
1,904
328
total current assets
1,242,648
1,329,022
1,292,199
1,233,580
674,746
670,780
515,719
249,916
25,376
865,944
138,423
1,589
total assets
7,983,062
8,069,525
8,032,820
7,974,359
8,922,543
8,918,858
8,764,171
7,183,982
4,879,208
2,868,518
1,026,295
334,342
Bank overdraft
188,284
188,284
188,284
97,465
151,450
Bank loan
Trade Creditors
11,812
13,561
27,122
25,371
197,726
1,438,508
783,528
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
18,795
289,099
13,188
5,667
184,496
total current liabilities
11,812
13,561
27,122
25,371
197,726
207,079
477,383
201,472
103,132
1,438,508
783,528
335,946
loans
4,910,726
4,591,210
3,585,773
2,353,160
hp & lease commitments
Accruals and Deferred Income
other liabilities
6,040,749
6,158,202
6,171,772
6,184,158
7,002,490
2,087,938
2,077,911
1,715,284
1,568,009
879,953
279,000
provisions
total long term liabilities
6,040,749
6,158,202
6,171,772
6,184,158
7,002,490
6,998,664
6,669,121
5,301,057
3,921,169
879,953
279,000
total liabilities
6,052,561
6,171,763
6,198,894
6,209,529
7,200,216
7,205,743
7,146,504
5,502,529
4,024,301
2,318,461
1,062,528
335,946
net assets
1,930,501
1,897,762
1,833,926
1,764,830
1,722,327
1,713,115
1,617,667
1,681,453
854,907
550,057
-36,233
-1,604
total shareholders funds
1,930,501
1,897,762
1,833,926
1,764,830
1,722,327
1,713,115
1,617,667
1,681,453
854,907
550,057
-36,233
-1,604
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
Operating Activities
Operating Profit
37,029
73,361
84,760
52,128
180,572
449,720
335,628
41,203
36,701
-120,185
-30,050
-1,704
Depreciation
89
118
158
210
281
374
499
996
25,418
350
350
Amortisation
Tax
-10,913
-14,974
-16,208
-9,970
-2,161
-22,389
-11,080
Stock
278,014
Debtors
10,000
-497
-58,375
651,851
-5,000
-199,849
486,685
-805
235
2,049
370
Creditors
-1,749
-13,561
1,751
-172,355
197,726
-1,438,508
654,980
783,528
Accruals and Deferred Income
-18,795
-270,304
275,911
7,521
5,667
-184,496
184,496
Deferred Taxes & Provisions
Cash flow from operations
14,456
45,441
-149,178
-781,838
362,623
357,250
114,273
50,525
-1,370,957
533,096
568,962
182,792
Investing Activities
capital expenditure
1,506,809
-1,314,885
-2,081,230
-2,876,676
-1,115,052
-555,469
-332,753
Change in Investments
1
cash flow from investments
1,506,808
-1,314,885
-2,081,230
-2,876,676
-1,115,052
-555,469
-332,753
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-4,910,726
319,516
1,005,437
1,232,613
2,353,160
Hire Purchase and Lease Commitments
other long term liabilities
-117,453
-13,570
-12,386
-818,332
4,914,552
10,027
362,627
147,275
688,056
600,953
279,000
share issue
-111,020
979,556
345,906
704,246
100
interest
6,623
5,449
544
345
-169,199
-331,884
-277,314
-194,213
-77,756
2,229
-4,578
-4,922
cash flow from financing
-110,830
-8,121
-11,842
-817,987
-165,373
-2,341
979,730
2,165,231
3,309,366
1,307,428
274,422
-4,822
cash and cash equivalents
cash
-96,374
37,320
-161,020
-93,017
10,776
356,266
-222,507
246,526
-755,507
619,358
134,888
1,261
overdraft
-188,284
90,819
97,465
-151,450
151,450
change in cash
-96,374
37,320
-161,020
-93,017
199,060
356,266
-222,507
155,707
-852,972
619,358
286,338
-150,189
next step developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for next step developments limited. Get real-time insights into next step developments limited's credit score, group structure and payment trends.
Next Step Developments Limited Competitor Analysis
Perform a competitor analysis for next step developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in RH8 area or any other competitors across 12 key performance metrics.
next step developments limited Ownership
NEXT STEP DEVELOPMENTS LIMITED group structure
Next Step Developments Limited has no subsidiary companies.
Ultimate parent company
NEXT STEP DEVELOPMENTS LIMITED
07478647
NEXT STEP DEVELOPMENTS LIMITED Shareholders
The largest shareholders in Next Step Developments Limited include James Stephens and Charles Safapour.
james stephens
34%
charles safapour
34%
next step developments ph ltd
32%
next step developments limited directors
Next Step Developments Limited currently has 2 directors.
The longest serving directors include
Mr Charles Safapour (Dec 2010) and
Mr James Stephens (Sep 2012).
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 2010
age
15
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
2 station road west, oxted, RH8 9EP
Bank
-
Legal Advisor
-
next step developments 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 30 charges/mortgages relating to next step developments limited. Currently there are 16 open charges and 14 have been satisfied in the past.
next step developments limited 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 NEXT STEP DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
next step developments limitedCompanies House Filings - See Documents
