Hg Lettings Limited

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hg lettings limited Company Information

Live

EstablishedMicroDeclining

Company Number

07699222

Website

hgpremierlettings.co.uk

Registered Address

69 belmont road, london, SE25 4QG

Industry

Real estate agencies

Telephone

02086631761

Next Accounts Due

April 2025

Group Structure

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Directors

James Gough13 Years

Lucy Hopkins10 Years

Shareholders

james william hugh gough 50%

lucy hopkins 50%

hg lettings limited Estimated Valuation

£524.6k

Pomanda estimates the enterprise value of HG LETTINGS LIMITED at £524.6k based on a Turnover of £390.1k and 1.34x industry multiple (adjusted for size and gross margin).

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Hg Lettings Limited is a live company located in london, SE25 4QG with a Companies House number of 07699222. It operates in the real estate agencies sector, SIC Code 68310. Founded in July 2011, it's largest shareholder is james william hugh gough with a 50% stake. Hg Lettings Limited is a established, micro sized company, Pomanda has estimated its turnover at £390.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Hg Lettings Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £390.1k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5%)

EXPORT

Hg Lettings Limited's latest turnover from July 2023 is estimated at £390.1 thousand and the company has net assets of £58.4 thousand. According to their latest financial statements, Hg Lettings Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Turnover	390,057	633,909	878,323	582,580	305,297	198,945	179,481	159,729	39,256	25,836	7,229	6,642
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	244,755	342,788	487,862	330,406	181,068	108,839	76,272	66,748	16,131	11,055	3,241	2,884
Gross Profit	145,302	291,122	390,461	252,174	124,229	90,106	103,209	92,982	23,126	14,781	3,988	3,757
Admin Expenses	251,484	355,368	214,523	182,870	95,341	91,996	98,958	105,360	3,533	-13,060	5,114	23,031
Operating Profit	-106,182	-64,246	175,938	69,304	28,888	-1,890	4,251	-12,378	19,593	27,841	-1,126	-19,274
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	25	111	100	56	26	8
Pre-Tax Profit	-106,182	-64,246	175,938	69,304	28,888	-1,890	4,277	-12,267	19,693	27,897	-1,100	-19,266
Tax	0	0	-33,428	-13,168	-5,489	0	-813	0	-3,938	-5,858	0	0
Profit After Tax	-106,182	-64,246	142,510	56,136	23,399	-1,890	3,464	-12,267	15,754	22,039	-1,100	-19,266
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-106,182	-64,246	142,510	56,136	23,399	-1,890	3,464	-12,267	15,754	22,039	-1,100	-19,266
Employee Costs	296,651	306,770	286,571	264,759	158,112	140,254	178,343	183,881	38,250	37,525	33,718	32,108
Number Of Employees	8	8	8	7	4	4	5	5	1	1	1	1
EBITDA*	-106,182	-64,246	175,938	69,304	28,888	-1,890	4,251	-5,568	25,848	33,235	2,277	-15,920

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Tangible Assets	40,986	52,552	44,278	53,147	71,157	97,150	15,633	5,024	5,983	7,107	268	250
Intangible Assets	0	0	0	0	0	0	0	0	3,300	6,600	9,900	13,200
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	40,986	52,552	44,278	53,147	71,157	97,150	15,633	5,024	9,283	13,707	10,168	13,450
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	124,190	231,544	359,706	184,980	105,304	52,883	29,422	13,099	7,054	4,153	1,027	934
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	6,097	1,887	0	0	0
Cash	0	0	0	0	0	0	0	20,094	24,384	15,458	6,975	3,275
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	124,190	231,544	359,706	184,980	105,304	52,883	29,422	39,290	33,325	19,611	8,002	4,209
total assets	165,176	284,096	403,984	238,127	176,461	150,033	45,055	44,314	42,608	33,318	18,170	17,659
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	84,275	87,896	112,768	111,489	87,793	86,751	36,431	38,049	23,884	11,418	38,436	36,825
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	19,642	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	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	84,275	87,896	112,768	111,489	87,793	86,751	36,431	38,049	23,884	31,060	38,436	36,825
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	22,550	31,667	62,437	40,369	58,535	56,548	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	1,005	1,197	485	0	0
total long term liabilities	22,550	31,667	62,437	40,369	58,535	56,548	0	1,005	1,197	485	0	0
total liabilities	106,825	119,563	175,205	151,858	146,328	143,299	36,431	39,054	25,081	31,545	38,436	36,825
net assets	58,351	164,533	228,779	86,269	30,133	6,734	8,624	5,260	17,527	1,773	-20,266	-19,166
total shareholders funds	58,351	164,533	228,779	86,269	30,133	6,734	8,624	5,260	17,527	1,773	-20,266	-19,166

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	-106,182	-64,246	175,938	69,304	28,888	-1,890	4,251	-12,378	19,593	27,841	-1,126	-19,274
Depreciation	0	0	0	0	0	0	0	3,510	2,955	2,094	103	54
Amortisation	0	0	0	0	0	0	0	3,300	3,300	3,300	3,300	3,300
Tax	0	0	-33,428	-13,168	-5,489	0	-813	0	-3,938	-5,858	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-107,354	-128,162	174,726	79,676	52,421	23,461	10,226	10,255	4,788	3,126	93	934
Creditors	-3,621	-24,872	1,279	23,696	1,042	50,320	-1,618	14,165	12,466	-27,018	1,611	36,825
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-1,005	-192	712	485	0	0
Cash flow from operations	-2,449	39,044	-30,937	156	-27,980	24,969	-9,411	-1,850	30,300	-2,282	3,795	19,971
Investing Activities
capital expenditure	11,566	-8,274	8,869	18,010	25,993	-81,517	-10,609	-2,551	-1,831	-8,933	-121	-16,804
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	11,566	-8,274	8,869	18,010	25,993	-81,517	-10,609	-2,551	-1,831	-8,933	-121	-16,804
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	-19,642	19,642	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	-9,117	-30,770	22,068	-18,166	1,987	56,548	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	100
interest	0	0	0	0	0	0	25	111	100	56	26	8
cash flow from financing	-9,117	-30,770	22,068	-18,166	1,987	56,548	-75	111	-19,542	19,698	26	108
cash and cash equivalents
cash	0	0	0	0	0	0	-20,094	-4,290	8,926	8,483	3,700	3,275
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-20,094	-4,290	8,926	8,483	3,700	3,275

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for hg lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SE25 area or any other competitors across 12 key performance metrics.

HG LETTINGS LIMITED group structure

Hg Lettings Limited has no subsidiary companies.

Ultimate parent company

HG LETTINGS LIMITED

07699222

HG LETTINGS LIMITED Shareholders

james william hugh gough	50%
lucy hopkins	50%

Hg Lettings Limited currently has 2 directors. The longest serving directors include Mr James Gough (Jul 2011) and Ms Lucy Hopkins (Feb 2014).

officer	country	age	start	end	role
Mr James Gough	England	42 years	Jul 2011	-	Director
Ms Lucy Hopkins	England	42 years	Feb 2014	-	Director

P&L

July 2023

turnover

390.1k

-38%

operating profit

-106.2k

gross margin

37.3%

-18.89%

turnover

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

Balance Sheet

July 2023

net assets

58.4k

-0.65%

total assets

165.2k

-0.42%

cash

net assets

Total assets minus all liabilities

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company number

07699222

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

July 2011

ultimate parent company

None

previous names

N/A

address

69 belmont road, london, SE25 4QG

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 hg lettings limited.

hg lettings limited Company Information

hg lettings limited Estimated Valuation

hg lettings limited Estimated Valuation

hg lettings limited Estimated Valuation

Hg Lettings Limited Overview

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HG LETTINGS LIMITED financials

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