strike limited
strike limited Company Information
Company Number
07622707
Website
www.housesimple.comRegistered Address
650 the crescent, colchester business park, colchester, CO4 9YQ
Industry
Real estate agencies
Telephone
443331038390
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
tosca opportunity 29.2%
freston ventures investments llp 23.1%
View Allstrike limited Estimated Valuation
Pomanda estimates the enterprise value of STRIKE LIMITED at £34m based on a Turnover of £13.2m and 2.57x industry multiple (adjusted for size and gross margin).
strike limited Estimated Valuation
Pomanda estimates the enterprise value of STRIKE LIMITED at £0 based on an EBITDA of £-18.7m and a 9.06x industry multiple (adjusted for size and gross margin).
strike limited Estimated Valuation
Pomanda estimates the enterprise value of STRIKE LIMITED at £0 based on Net Assets of £-18.9m and 1.76x industry multiple (adjusted for liquidity).
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Strike Limited Overview
Strike Limited is a live company located in colchester, CO4 9YQ with a Companies House number of 07622707. It operates in the real estate agencies sector, SIC Code 68310. Founded in May 2011, it's largest shareholder is tosca opportunity with a 29.2% stake. Strike Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.2m with rapid growth in recent years.
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Strike Limited Health Check
Pomanda's financial health check has awarded Strike Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £13.2m, make it larger than the average company (£1.2m)
£13.2m - Strike Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (5.1%)
- Strike Limited
5.1% - Industry AVG
Production
with a gross margin of 73.5%, this company has a comparable cost of product (82.4%)
73.5% - Strike Limited
82.4% - Industry AVG
Profitability
an operating margin of -143.2% make it less profitable than the average company (9%)
-143.2% - Strike Limited
9% - Industry AVG
Employees
with 462 employees, this is above the industry average (15)
462 - Strike Limited
15 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£38.1k)
£40.2k - Strike Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £28.6k, this is less efficient (£80.9k)
£28.6k - Strike Limited
£80.9k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (31 days)
6 days - Strike Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (36 days)
81 days - Strike Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Strike Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (32 weeks)
1 weeks - Strike Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 656.7%, this is a higher level of debt than the average (62.4%)
656.7% - Strike Limited
62.4% - Industry AVG
STRIKE LIMITED financials
Strike Limited's latest turnover from March 2023 is £13.2 million and the company has net assets of -£18.9 million. According to their latest financial statements, Strike Limited has 462 employees and maintains cash reserves of £821.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,226,522 | 2,507,216 | 2,187,389 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 3,501,375 | 1,177,554 | 915,444 | |||||||||
| Gross Profit | 9,725,147 | 1,329,662 | 1,271,945 | |||||||||
| Admin Expenses | 28,662,015 | 14,494,945 | 11,036,048 | |||||||||
| Operating Profit | -18,936,868 | -13,165,283 | -9,764,103 | |||||||||
| Interest Payable | 1,021,727 | 459,879 | 459,878 | |||||||||
| Interest Receivable | 726 | 2,328 | 14,052 | |||||||||
| Pre-Tax Profit | -19,957,869 | -13,622,834 | -9,814,836 | |||||||||
| Tax | 239,613 | 125,258 | 13,653 | |||||||||
| Profit After Tax | -19,718,256 | -13,497,576 | -9,801,183 | |||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||
| Retained Profit | -19,718,256 | -13,497,576 | -9,801,183 | |||||||||
| Employee Costs | 18,592,006 | |||||||||||
| Number Of Employees | 462 | 367 | 154 | 131 | 86 | 93 | 59 | 30 | ||||
| EBITDA* | -18,662,477 | -13,103,892 | -9,764,103 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 454,410 | 514,978 | 234,760 | 303,550 | 372,047 | 410,653 | 116,271 | 50,048 | 16,246 | 8,301 | 3,329 | 4,071 |
| Intangible Assets | 481 | 19,422 | 39,079 | 74,397 | 40,833 | 55,499 | 26,680 | 20,680 | 24,000 | 28,000 | 32,000 | 36,000 |
| 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 | 454,891 | 534,400 | 273,839 | 377,947 | 412,880 | 466,152 | 142,951 | 70,728 | 40,246 | 36,301 | 35,329 | 40,071 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,715 | 3,550 | 4,650 |
| Trade Debtors | 219,473 | 16,468 | 55,036 | 19,151 | 26,774 | 110,629 | 392,087 | 85,282 | 171,595 | 24,628 | 32,494 | 12,799 |
| Group Debtors | 0 | 1,554,988 | 890,176 | 34,109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,898,605 | 4,212,145 | 574,998 | 630,902 | 1,075,199 | 893,970 | 1,144,604 | 537,751 | 0 | 0 | 0 | 0 |
| Cash | 821,391 | 1,134,614 | 113,611 | 161,817 | 1,075,220 | 2,166,387 | 2,533,774 | 174,468 | 1,036,792 | 100,629 | 64,676 | 20,000 |
| misc current assets | 0 | 0 | 269 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,939,469 | 6,918,215 | 1,634,090 | 845,979 | 2,177,193 | 3,170,986 | 4,070,465 | 797,501 | 1,208,387 | 160,972 | 100,720 | 37,449 |
| total assets | 3,394,360 | 7,452,615 | 1,907,929 | 1,223,926 | 2,590,073 | 3,637,138 | 4,213,416 | 868,229 | 1,248,633 | 197,273 | 136,049 | 77,520 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 5,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 780,723 | 1,728,600 | 562,869 | 779,813 | 708,665 | 720,194 | 1,978,002 | 571,108 | 201,123 | 106,028 | 49,126 | 32,970 |
| Group/Directors Accounts | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 19,623,369 | 0 | 0 | 25,510,213 | 20,276,502 | 12,153,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,843,777 | 1,980,685 | 1,221,387 | 794,102 | 822,269 | 565,775 | 516,856 | 295,398 | 0 | 0 | 0 | 0 |
| total current liabilities | 22,253,459 | 3,709,286 | 1,784,257 | 27,084,129 | 21,807,436 | 13,439,274 | 2,494,858 | 866,506 | 201,123 | 106,028 | 49,126 | 32,970 |
| loans | 37,789 | 701,563 | 646,602 | 595,946 | 549,259 | 506,230 | 459,334 | 430,020 | 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 | 0 | 19,414 | 38,938 | 23,856 | 23,856 | 23,856 | 10,009 | 1,660 | 1,660 | 666 | 0 |
| total long term liabilities | 37,789 | 701,563 | 666,016 | 634,884 | 573,115 | 530,086 | 483,190 | 440,029 | 1,660 | 1,660 | 666 | 0 |
| total liabilities | 22,291,248 | 4,410,849 | 2,450,273 | 27,719,013 | 22,380,551 | 13,969,360 | 2,978,048 | 1,306,535 | 202,783 | 107,688 | 49,792 | 32,970 |
| net assets | -18,896,888 | 3,041,766 | -542,344 | -26,495,087 | -19,790,478 | -10,332,222 | 1,235,368 | -438,306 | 1,045,850 | 89,585 | 86,257 | 44,550 |
| total shareholders funds | -18,896,888 | 3,041,766 | -542,344 | -26,495,087 | -19,790,478 | -10,332,222 | 1,235,368 | -438,306 | 1,045,850 | 89,585 | 86,257 | 44,550 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -18,936,868 | -13,165,283 | -9,764,103 | |||||||||
| Depreciation | 255,451 | 177,102 | 139,171 | 142,601 | 128,122 | 54,060 | 12,198 | 3,677 | 3,333 | 1,110 | 1,358 | |
| Amortisation | 18,940 | 19,657 | 36,904 | 21,836 | 17,351 | 7,331 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
| Tax | 239,613 | 125,258 | 13,653 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,715 | 32,165 | -1,100 | 4,650 |
| Debtors | -3,665,523 | 4,263,391 | 836,048 | -417,811 | 97,374 | -532,092 | 913,658 | 451,438 | 146,967 | -7,866 | 19,695 | 12,799 |
| Creditors | -947,877 | 1,165,731 | -216,944 | 71,148 | -11,529 | -1,257,808 | 1,406,894 | 369,985 | 95,095 | 56,902 | 16,156 | 32,970 |
| Accruals and Deferred Income | -136,908 | 759,298 | 427,285 | -28,167 | 256,494 | 48,919 | 221,458 | 295,398 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -19,414 | -19,524 | 15,082 | 0 | 0 | 13,847 | 8,349 | 0 | 994 | 666 | 0 |
| Cash flow from operations | -15,842,126 | -13,655,431 | ||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | |||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 5,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 19,623,369 | 0 | -25,510,213 | 5,233,711 | 8,123,197 | 12,153,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -663,774 | 54,961 | 50,656 | 46,687 | 43,029 | 46,896 | 29,314 | 430,020 | 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 | ||||||||||||
| interest | -1,021,001 | -457,551 | -445,826 | |||||||||
| cash flow from financing | 15,723,785 | 13,672,636 | 11,058,345 | |||||||||
| cash and cash equivalents | ||||||||||||
| cash | -313,223 | 1,021,003 | -48,206 | -913,403 | -1,091,167 | -367,387 | 2,359,306 | -862,324 | 936,163 | 35,953 | 44,676 | 20,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -313,223 | 1,021,003 | -48,206 | -913,403 | -1,091,167 | -367,387 | 2,359,306 | -862,324 | 936,163 | 35,953 | 44,676 | 20,000 |
strike limited Credit Report and Business Information
Strike Limited Competitor Analysis
Perform a competitor analysis for strike limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in CO4 area or any other competitors across 12 key performance metrics.
strike limited Ownership
STRIKE LIMITED group structure
Strike Limited has 4 subsidiary companies.
Ultimate parent company
STRIKE LIMITED
07622707
4 subsidiaries
strike limited directors
Strike Limited currently has 4 directors. The longest serving directors include Mr Heneage Stevenson (Sep 2013) and Mr Robert Clarkson (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Heneage Stevenson | United Kingdom | 46 years | Sep 2013 | - | Director |
| Mr Robert Clarkson | United Kingdom | 59 years | Jan 2015 | - | Director |
| Mr Samuel Mitchell | United Kingdom | 45 years | Jan 2018 | - | Director |
| Mr Andrew Harrison | England | 53 years | Feb 2018 | - | Director |
P&L
March 2023turnover
13.2m
0%
operating profit
-18.9m
0%
gross margin
73.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-18.9m
-7.21%
total assets
3.4m
-0.54%
cash
821.4k
-0.28%
net assets
Total assets minus all liabilities
strike limited company details
company number
07622707
Type
Private limited with Share Capital
industry
68310 - Real estate agencies
incorporation date
May 2011
age
13
accounts
Group
ultimate parent company
previous names
housesimple limited (January 2021)
incorporated
UK
address
650 the crescent, colchester business park, colchester, CO4 9YQ
last accounts submitted
March 2023
strike 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 4 charges/mortgages relating to strike limited. Currently there are 0 open charges and 4 have been satisfied in the past.
strike limited Companies House Filings - See Documents
| date | description | view/download |
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