new ludgate (no.1) limited
new ludgate (no.1) limited Company Information
Company Number
07666447
Next Accounts
Sep 2025
Shareholders
sv ludgate (uk) limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
8 sackville street, london, W1S 3DG
Website
https://landsec.comnew ludgate (no.1) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LUDGATE (NO.1) LIMITED at £62.3m based on a Turnover of £14.1m and 4.41x industry multiple (adjusted for size and gross margin).
new ludgate (no.1) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LUDGATE (NO.1) LIMITED at £0 based on an EBITDA of £-8.6m and a 8.62x industry multiple (adjusted for size and gross margin).
new ludgate (no.1) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LUDGATE (NO.1) LIMITED at £205m based on Net Assets of £117.4m and 1.75x industry multiple (adjusted for liquidity).
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New Ludgate (no.1) Limited Overview
New Ludgate (no.1) Limited is a live company located in london, W1S 3DG with a Companies House number of 07666447. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2011, it's largest shareholder is sv ludgate (uk) limited with a 100% stake. New Ludgate (no.1) Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.1m with high growth in recent years.
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New Ludgate (no.1) Limited Health Check
Pomanda's financial health check has awarded New Ludgate (No.1) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £14.1m, make it larger than the average company (£1.1m)
£14.1m - New Ludgate (no.1) Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3.6%)
16% - New Ludgate (no.1) Limited
3.6% - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
70.8% - New Ludgate (no.1) Limited
70.8% - Industry AVG
Profitability
an operating margin of -60.9% make it less profitable than the average company (21.5%)
-60.9% - New Ludgate (no.1) Limited
21.5% - Industry AVG
Employees
with 70 employees, this is above the industry average (4)
- New Ludgate (no.1) Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- New Ludgate (no.1) Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £202k, this is equally as efficient (£202.5k)
- New Ludgate (no.1) Limited
£202.5k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (33 days)
7 days - New Ludgate (no.1) Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (34 days)
17 days - New Ludgate (no.1) Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - New Ludgate (no.1) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - New Ludgate (no.1) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45%, this is a lower level of debt than the average (71.5%)
45% - New Ludgate (no.1) Limited
71.5% - Industry AVG
NEW LUDGATE (NO.1) LIMITED financials
New Ludgate (No.1) Limited's latest turnover from December 2023 is £14.1 million and the company has net assets of £117.4 million. According to their latest financial statements, we estimate that New Ludgate (No.1) Limited has 70 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,139,535 | 13,948,891 | 12,755,614 | 9,153,441 | 12,555,342 | 12,483,000 | 12,556,000 | 11,758,000 | 8,450,000 | 89,000 | |||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 2,806,000 | 2,908,000 | 2,857,000 | 2,121,000 | |||||||||
| Gross Profit | 9,677,000 | 9,648,000 | 8,901,000 | 6,329,000 | |||||||||
| Admin Expenses | -342,000 | -2,725,000 | 4,131,000 | -33,314,000 | -16,070,000 | ||||||||
| Operating Profit | -8,617,624 | -14,270,427 | 11,127,977 | 1,158,450 | 14,540,902 | 10,019,000 | 12,373,000 | 4,770,000 | 39,643,000 | 76,895,000 | 16,070,000 | ||
| Interest Payable | 1,649,530 | 1,649,488 | 1,649,488 | 2,214,452 | 2,500,280 | 2,477,000 | 2,603,000 | 2,715,000 | 2,655,000 | ||||
| Interest Receivable | 32,060 | 1,666 | |||||||||||
| Pre-Tax Profit | -10,235,094 | -15,918,249 | 9,478,489 | -1,056,002 | 12,040,622 | 7,542,000 | 9,770,000 | 2,055,000 | 36,988,000 | 76,895,000 | 16,070,000 | ||
| Tax | -1,727,463 | -1,374,220 | -905,696 | -15,632 | |||||||||
| Profit After Tax | -11,962,557 | -17,292,469 | 8,572,793 | -1,071,634 | 12,040,622 | 7,542,000 | 9,770,000 | 2,055,000 | 36,988,000 | 76,895,000 | 16,070,000 | ||
| Dividends Paid | 4,000,000 | 18,197,551 | |||||||||||
| Retained Profit | -15,962,557 | -35,490,020 | 8,572,793 | -1,071,634 | 12,040,622 | -6,458,000 | 9,770,000 | 2,055,000 | 36,988,000 | 76,895,000 | 16,070,000 | ||
| Employee Costs | |||||||||||||
| Number Of Employees | |||||||||||||
| EBITDA* | -8,617,624 | -14,270,427 | 11,127,977 | 1,158,450 | 14,540,902 | 10,019,000 | 12,373,000 | 4,770,000 | 39,643,000 | 76,895,000 | 16,070,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 207,178,616 | 225,048,958 | 237,824,531 | 236,442,926 | 241,406,690 | 235,200,000 | |||||||
| Intangible Assets | |||||||||||||
| Investments & Other | 197,376,390 | 213,975,702 | 237,824,531 | 236,442,926 | 241,406,690 | 235,200,000 | 234,227,000 | 232,862,000 | 236,569,000 | 195,411,000 | 72,380,000 | ||
| Debtors (Due After 1 year) | 9,802,226 | 11,073,256 | |||||||||||
| Total Fixed Assets | 207,178,616 | 225,048,958 | 237,824,531 | 236,442,926 | 241,406,690 | 235,200,000 | 234,227,000 | 232,862,000 | 236,569,000 | 195,411,000 | 72,380,000 | ||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 309,437 | 1,302,070 | 601,551 | 2,824,422 | 470,461 | 243,000 | 19,026,000 | 14,893,000 | 983,000 | ||||
| Group Debtors | 3,658,399 | 1,075,541 | 11,714,611 | ||||||||||
| Misc Debtors | 2,270,816 | 2,460,904 | 15,038,967 | 17,148,934 | 16,650,264 | 17,925,000 | 242,000 | 196,000 | 6,871,000 | 89,000 | |||
| Cash | |||||||||||||
| misc current assets | 171,696 | ||||||||||||
| total current assets | 6,410,348 | 4,838,515 | 27,355,129 | 19,973,356 | 17,120,725 | 18,168,000 | 19,268,000 | 15,089,000 | 7,854,000 | 89,000 | |||
| total assets | 213,588,964 | 229,887,473 | 265,179,660 | 256,416,282 | 258,527,415 | 253,368,000 | 253,495,000 | 247,951,000 | 244,423,000 | 195,500,000 | 72,380,000 | ||
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 199,736 | 46,907 | 217,861 | 100,589 | |||||||||
| Group/Directors Accounts | 17,455 | 17,455 | 59,423,000 | 52,275,000 | 6,310,000 | ||||||||
| other short term finances | 91,963,615 | 91,963,615 | 91,963,615 | 91,678,908 | 56,352,461 | ||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 4,016,228 | 4,505,009 | 4,118,767 | 4,330,161 | 4,814,151 | 68,048,000 | 3,951,000 | 4,233,000 | 5,047,000 | 260,000 | |||
| total current liabilities | 96,179,579 | 96,515,531 | 96,317,698 | 96,127,113 | 61,166,612 | 68,048,000 | 3,951,000 | 4,233,000 | 64,470,000 | 52,535,000 | 6,310,000 | ||
| loans | 57,766,000 | 61,710,000 | |||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | 57,766,000 | 61,710,000 | |||||||||||
| total liabilities | 96,179,579 | 96,515,531 | 96,317,698 | 96,127,113 | 61,166,612 | 68,048,000 | 61,717,000 | 65,943,000 | 64,470,000 | 52,535,000 | 6,310,000 | ||
| net assets | 117,409,385 | 133,371,942 | 168,861,962 | 160,289,169 | 197,360,803 | 185,320,000 | 191,778,000 | 182,008,000 | 179,953,000 | 142,965,000 | 66,070,000 | ||
| total shareholders funds | 117,409,385 | 133,371,942 | 168,861,962 | 160,289,169 | 197,360,803 | 185,320,000 | 191,778,000 | 182,008,000 | 179,953,000 | 142,965,000 | 66,070,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -8,617,624 | -14,270,427 | 11,127,977 | 1,158,450 | 14,540,902 | 10,019,000 | 12,373,000 | 4,770,000 | 39,643,000 | 76,895,000 | 16,070,000 | ||
| Depreciation | |||||||||||||
| Amortisation | |||||||||||||
| Tax | -1,727,463 | -1,374,220 | -905,696 | -15,632 | |||||||||
| Stock | |||||||||||||
| Debtors | 129,107 | -11,443,358 | 7,381,773 | 1,805,356 | -1,047,275 | -1,100,000 | 4,179,000 | 7,235,000 | 7,765,000 | 89,000 | |||
| Creditors | 152,829 | -170,954 | 117,272 | 100,589 | |||||||||
| Accruals and Deferred Income | -488,781 | 386,242 | -211,394 | -63,717,839 | -63,233,849 | 64,097,000 | -282,000 | -814,000 | 4,787,000 | 260,000 | |||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | -10,810,146 | -3,986,001 | 2,746,386 | -64,279,788 | -47,645,672 | 7,912,000 | -3,279,000 | 36,665,000 | 77,066,000 | 16,070,000 | |||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -16,599,312 | -23,848,829 | 1,381,605 | 1,242,926 | 6,206,690 | 973,000 | 1,365,000 | -3,707,000 | 41,158,000 | 123,031,000 | 72,380,000 | ||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -17,455 | 17,455 | -59,423,000 | 7,148,000 | 45,965,000 | 6,310,000 | |||||||
| Other Short Term Loans | 284,707 | 91,678,908 | 56,352,461 | ||||||||||
| Long term loans | -57,766,000 | -3,944,000 | 61,710,000 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -1,617,470 | -1,647,822 | -1,649,488 | -2,214,452 | -2,500,280 | -2,477,000 | -2,603,000 | -2,715,000 | -2,655,000 | ||||
| cash flow from financing | -1,617,470 | -1,665,277 | -1,364,781 | 65,522,714 | 53,852,362 | -60,243,000 | -6,547,000 | -428,000 | 4,493,000 | 45,965,000 | 56,310,000 | ||
| cash and cash equivalents | |||||||||||||
| cash | |||||||||||||
| overdraft | |||||||||||||
| change in cash |
new ludgate (no.1) limited Credit Report and Business Information
New Ludgate (no.1) Limited Competitor Analysis
Perform a competitor analysis for new ludgate (no.1) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in W1S area or any other competitors across 12 key performance metrics.
new ludgate (no.1) limited Ownership
NEW LUDGATE (NO.1) LIMITED group structure
New Ludgate (No.1) Limited has no subsidiary companies.
Ultimate parent company
SV LUDGATE JERSEY LTD
#0130612
2 parents
NEW LUDGATE (NO.1) LIMITED
07666447
new ludgate (no.1) limited directors
New Ludgate (No.1) Limited currently has 4 directors. The longest serving directors include Mr Martin Cregeen (Dec 2020) and Mr Neil Townson (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Cregeen | Isle Of Man | 52 years | Dec 2020 | - | Director |
| Mr Neil Townson | England | 64 years | Aug 2022 | - | Director |
| Ms Xue Bai | England | 43 years | Nov 2022 | - | Director |
| Mr Bruno Obasi | England | 51 years | Sep 2023 | - | Director |
P&L
December 2023turnover
14.1m
+1%
operating profit
-8.6m
-40%
gross margin
70.8%
+0.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
117.4m
-0.12%
total assets
213.6m
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
new ludgate (no.1) limited company details
company number
07666447
Type
Private limited with Share Capital
industry
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
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ls ludgate (no.1) limited (December 2020)
accountant
-
auditor
GEN II SERVICES (UK) LIMITED
address
8 sackville street, london, W1S 3DG
Bank
-
Legal Advisor
-
new ludgate (no.1) 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 3 charges/mortgages relating to new ludgate (no.1) limited. Currently there are 3 open charges and 0 have been satisfied in the past.
new ludgate (no.1) 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 NEW LUDGATE (NO.1) LIMITED. This can take several minutes, an email will notify you when this has completed.
new ludgate (no.1) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
