Homely Housing Lets Ltd

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homely housing lets ltd Company Information

Live

EstablishedSmallHealthy

Company Number

07511799

Website

www.homelyhousinglets.co.uk

Registered Address

24 forest hill road, east dulwich, london, SE22 0RR

Industry

Real estate agencies

Telephone

02082994545

Next Accounts Due

November 2024

Group Structure

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Directors

Champa Singh13 Years

Varinder Singh13 Years

Shareholders

champa singh 50%

varinder singh 50%

homely housing lets ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of HOMELY HOUSING LETS LTD at £1.8m based on a Turnover of £914.9k and 1.94x industry multiple (adjusted for size and gross margin).

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Homely Housing Lets Ltd is a live company located in london, SE22 0RR with a Companies House number of 07511799. It operates in the real estate agencies sector, SIC Code 68310. Founded in February 2011, it's largest shareholder is champa singh with a 50% stake. Homely Housing Lets Ltd is a established, small sized company, Pomanda has estimated its turnover at £914.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Homely Housing Lets Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £914.9k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5%)

EXPORT

Homely Housing Lets Ltd's latest turnover from February 2023 is estimated at £914.9 thousand and the company has net assets of £744.3 thousand. According to their latest financial statements, Homely Housing Lets Ltd has 9 employees and maintains cash reserves of £65.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Turnover	914,892	1,205,561	845,368	706,857	384,060	476,832	924,033	410,080	2,159,615	2,391,812	1,644,523	225,371
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	150,688	142,729	103,404	119,825	60,493	58,022	92,943	47,857	246,598	343,160	259,129	34,204
Gross Profit	764,204	1,062,833	741,964	587,032	323,566	418,811	831,090	362,223	1,913,017	2,048,653	1,385,394	191,167
Admin Expenses	740,747	1,021,557	741,363	599,247	326,486	357,064	721,309	258,077	1,819,453	1,742,919	1,186,299	167,180
Operating Profit	23,457	41,276	601	-12,215	-2,920	61,747	109,781	104,146	93,564	305,734	199,095	23,987
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,436	48	16	440	717	457	640	1,967	1,636	862	187	49
Pre-Tax Profit	24,893	41,323	617	-11,775	-2,203	62,204	110,421	106,114	95,200	306,596	199,282	24,036
Tax	-4,730	-7,851	-117	0	0	-11,819	-22,084	-21,223	-19,992	-70,517	-47,828	-6,249
Profit After Tax	20,163	33,472	500	-11,775	-2,203	50,385	88,337	84,891	75,208	236,079	151,454	17,787
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,163	33,472	500	-11,775	-2,203	50,385	88,337	84,891	75,208	236,079	151,454	17,787
Employee Costs	335,471	361,419	422,526	223,217	237,299	280,194	262,527	221,339	1,121,187	1,297,165	861,420	124,375
Number Of Employees	9	9	12	6	6	8	7	6	29	35	26	4
EBITDA*	33,100	51,863	11,768	3,367	18,252	80,487	128,902	120,025	93,564	315,787	222,413	47,310

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Tangible Assets	22,115	31,758	41,530	47,385	55,896	57,692	58,663	48,156	31,867	35,960	23,182	17,472
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	332,500
Investments & Other	0	0	0	0	0	799	799	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	22,115	31,758	41,530	47,385	55,896	58,491	59,462	48,156	31,867	35,960	23,182	349,972
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	98,695	138,157	80,651	71,776	0	0	123,563	0	182,818	217,356	149,329	18,355
Group Debtors	156,273	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	738,267	699,646	669,309	688,741	686,666	677,799	480,103	303,560	0	0	0	0
Cash	65,566	6,229	12,839	19,370	97,934	93,189	89,626	422,314	364,618	289,855	54,988	19,631
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,058,801	844,032	762,799	779,887	784,600	770,988	693,292	725,874	547,436	507,211	204,317	37,986
total assets	1,080,916	875,790	804,329	827,272	840,496	829,479	752,754	774,030	579,303	543,171	227,499	387,958
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	46,750	3,956	90	64,542	61,304	32,724	7,182	112,856	98,773	137,849	58,256	370,169
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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	289,866	144,389	108,495	70,897	75,584	92,612	91,814	95,753	0	0	0	0
total current liabilities	336,616	148,345	108,585	135,439	136,888	125,336	98,996	208,609	98,773	137,849	58,256	370,169
loans	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
Accruals and Deferred Income	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
provisions	0	3,308	5,079	1,668	1,668	0	0	0	0	0	0	0
total long term liabilities	0	3,308	5,079	1,668	1,668	0	0	0	0	0	0	0
total liabilities	336,616	151,653	113,664	137,107	138,556	125,336	98,996	208,609	98,773	137,849	58,256	370,169
net assets	744,300	724,137	690,665	690,165	701,940	704,143	653,758	565,421	480,530	405,322	169,243	17,789
total shareholders funds	744,300	724,137	690,665	690,165	701,940	704,143	653,758	565,421	480,530	405,322	169,243	17,789

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Operating Activities
Operating Profit	23,457	41,276	601	-12,215	-2,920	61,747	109,781	104,146	93,564	305,734	199,095	23,987
Depreciation	9,643	10,587	11,167	15,582	21,172	18,740	19,121	15,879	0	10,053	5,818	5,823
Amortisation	0	0	0	0	0	0	0	0	0	0	17,500	17,500
Tax	-4,730	-7,851	-117	0	0	-11,819	-22,084	-21,223	-19,992	-70,517	-47,828	-6,249
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	155,432	87,843	-10,557	73,851	8,867	74,133	300,106	120,742	-34,538	68,027	130,974	18,355
Creditors	42,794	3,866	-64,452	3,238	28,580	25,542	-105,674	14,083	-39,076	79,593	-311,913	370,169
Accruals and Deferred Income	145,477	35,894	37,598	-4,687	-17,028	798	-3,939	95,753	0	0	0	0
Deferred Taxes & Provisions	-3,308	-1,771	3,411	0	1,668	0	0	0	0	0	0	0
Cash flow from operations	57,901	-5,842	-1,235	-71,933	22,605	20,875	-302,901	87,896	69,034	256,836	-268,302	392,875
Investing Activities
capital expenditure	0	-815	-5,312	-7,071	-19,376	-17,769	-29,628	-32,168	4,093	-22,831	303,472	-373,295
Change in Investments	0	0	0	0	-799	0	799	0	0	0	0	0
cash flow from investments	0	-815	-5,312	-7,071	-18,577	-17,769	-30,427	-32,168	4,093	-22,831	303,472	-373,295
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	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	2
interest	1,436	48	16	440	717	457	640	1,967	1,636	862	187	49
cash flow from financing	1,436	48	16	440	717	457	640	1,967	1,636	862	187	51
cash and cash equivalents
cash	59,337	-6,610	-6,531	-78,564	4,745	3,563	-332,688	57,696	74,763	234,867	35,357	19,631
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	59,337	-6,610	-6,531	-78,564	4,745	3,563	-332,688	57,696	74,763	234,867	35,357	19,631

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOMELY HOUSING LETS LTD group structure

Homely Housing Lets Ltd has no subsidiary companies.

Ultimate parent company

HOMELY HOUSING LETS LTD

07511799

HOMELY HOUSING LETS LTD Shareholders

champa singh	50%
varinder singh	50%

Homely Housing Lets Ltd currently has 2 directors. The longest serving directors include Mrs Champa Singh (Feb 2011) and Mr Varinder Singh (Feb 2011).

officer	country	age	start	end	role
Mrs Champa Singh	England	56 years	Feb 2011	-	Director
Mr Varinder Singh	England	53 years	Feb 2011	-	Director

P&L

February 2023

turnover

914.9k

-24%

operating profit

23.5k

gross margin

83.6%

-5.25%

turnover

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

Balance Sheet

February 2023

net assets

744.3k

+0.03%

total assets

1.1m

+0.23%

cash

65.6k

+9.53%

net assets

Total assets minus all liabilities

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company number

07511799

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

February 2011

accounts

Total Exemption Full

ultimate parent company

None

previous names

homely housing letts. limited (March 2011)

last accounts submitted

February 2023

address

24 forest hill road, east dulwich, london, SE22 0RR

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 homely housing lets ltd.

homely housing lets ltd Company Information

homely housing lets ltd Estimated Valuation

homely housing lets ltd Estimated Valuation

homely housing lets ltd Estimated Valuation

Homely Housing Lets Ltd Overview

Homely Housing Lets Ltd Health Check

HOMELY HOUSING LETS LTD financials

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homely housing lets ltd Ownership

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