empty property solutions limited

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empty property solutions limited Company Information

Share EMPTY PROPERTY SOLUTIONS LIMITED

Company Number

07744649

Shareholders

carson millican

mary millican

Group Structure

View All

Industry

Other accommodation

 

Registered Address

groundfloor 111 cornwallis road, london, N19 4LQ

empty property solutions limited Estimated Valuation

£60.7k

Pomanda estimates the enterprise value of EMPTY PROPERTY SOLUTIONS LIMITED at £60.7k based on a Turnover of £54.7k and 1.11x industry multiple (adjusted for size and gross margin).

empty property solutions limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EMPTY PROPERTY SOLUTIONS LIMITED at £0 based on an EBITDA of £-6.7k and a 4.96x industry multiple (adjusted for size and gross margin).

empty property solutions limited Estimated Valuation

£163.1k

Pomanda estimates the enterprise value of EMPTY PROPERTY SOLUTIONS LIMITED at £163.1k based on Net Assets of £59.8k and 2.73x industry multiple (adjusted for liquidity).

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Empty Property Solutions Limited Overview

Empty Property Solutions Limited is a live company located in london, N19 4LQ with a Companies House number of 07744649. It operates in the other accommodation sector, SIC Code 55900. Founded in August 2011, it's largest shareholder is carson millican with a 51% stake. Empty Property Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £54.7k with declining growth in recent years.

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Empty Property Solutions Limited Health Check

Pomanda's financial health check has awarded Empty Property Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £54.7k, make it smaller than the average company (£898.2k)

£54.7k - Empty Property Solutions Limited

£898.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.1%)

-22% - Empty Property Solutions Limited

5.1% - Industry AVG

production

Production

with a gross margin of 56.8%, this company has a comparable cost of product (56.8%)

56.8% - Empty Property Solutions Limited

56.8% - Industry AVG

profitability

Profitability

an operating margin of -12.2% make it less profitable than the average company (5.3%)

-12.2% - Empty Property Solutions Limited

5.3% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (19)

1 - Empty Property Solutions Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £24.4k, the company has an equivalent pay structure (£24.4k)

£24.4k - Empty Property Solutions Limited

£24.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £54.7k, this is equally as efficient (£54.7k)

£54.7k - Empty Property Solutions Limited

£54.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Empty Property Solutions Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Empty Property Solutions Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Empty Property Solutions Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 80 weeks, this is average cash available to meet short term requirements (85 weeks)

80 weeks - Empty Property Solutions Limited

85 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.3%, this is a lower level of debt than the average (32.2%)

21.3% - Empty Property Solutions Limited

32.2% - Industry AVG

EMPTY PROPERTY SOLUTIONS LIMITED financials

EXPORTms excel logo

Empty Property Solutions Limited's latest turnover from August 2023 is estimated at £54.7 thousand and the company has net assets of £59.8 thousand. According to their latest financial statements, Empty Property Solutions Limited has 1 employee and maintains cash reserves of £25 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012
Turnover54,67751,445189,631115,56147,74611,6686,41513,08245,48028,12550,922126,667
Other Income Or Grants
Cost Of Sales23,62827,484103,06062,55324,5415,5312,6665,53919,81812,02922,78756,168
Gross Profit31,04923,96186,57153,00823,2056,1363,7497,54325,66116,09628,13570,499
Admin Expenses37,72320,72667,23458,94825,975-11,884-14,688-8,0135,57217,36040,97648,158
Operating Profit-6,6743,23519,337-5,940-2,77018,02018,43715,55620,089-1,264-12,84122,341
Interest Payable2442616451,4553,0412,274
Interest Receivable1,3752573717327713287742147109
Pre-Tax Profit-5,2993,49319,096-6,194-3,24216,84215,52713,36920,096-1,222-12,69422,450
Tax-664-3,628-3,200-2,950-2,674-4,019-5,388
Profit After Tax-5,2992,82915,468-6,194-3,24213,64212,57710,69516,077-1,222-12,69417,062
Dividends Paid
Retained Profit-5,2992,82915,468-6,194-3,24213,64212,57710,69516,077-1,222-12,69417,062
Employee Costs24,36922,79222,30422,03921,87120,93621,05820,51142,46221,14241,91382,202
Number Of Employees111111112124
EBITDA*-6,6743,23519,337-5,940-2,77018,02018,43715,55620,089-1,264-12,84122,341

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012
Tangible Assets51,00051,00051,00051,00051,00051,00051,00051,00051,00051,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets51,00051,00051,00051,00051,00051,00051,00051,00051,00051,000
Stock & work in progress
Trade Debtors15,5008,000
Group Debtors
Misc Debtors
Cash24,95627,4291,9744,2859,24636,81537,00168,3281,0171,84114,85743,778
misc current assets
total current assets24,95627,42917,47412,2859,24636,81537,00168,3281,0171,84114,85743,778
total assets75,95678,42968,47463,28560,24687,81588,001119,32852,01752,84114,85743,778
Bank overdraft557
Bank loan
Trade Creditors 1,4401,4402,4008,6698,59510,38926,616
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities16,15713,3316,2058,4846,69411,58219,41014,153
total current liabilities16,15713,3316,2058,4847,25113,02220,85016,5538,6698,59510,38926,616
loans8,00018,55624,55672,757
hp & lease commitments
Accruals and Deferred Income
other liabilities24,02541,000
provisions
total long term liabilities8,00018,55624,55672,75724,02541,000
total liabilities16,15713,3316,20516,4847,25131,57845,40689,31032,69449,59510,38926,616
net assets59,79965,09862,26946,80152,99556,23742,59530,01819,3233,2464,46817,162
total shareholders funds59,79965,09862,26946,80152,99556,23742,59530,01819,3233,2464,46817,162
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012
Operating Activities
Operating Profit-6,6743,23519,337-5,940-2,77018,02018,43715,55620,089-1,264-12,84122,341
Depreciation
Amortisation
Tax-664-3,628-3,200-2,950-2,674-4,019-5,388
Stock
Debtors-15,5007,5008,000
Creditors-1,440-960-6,26974-1,794-16,22726,616
Accruals and Deferred Income2,8267,126-2,2791,790-4,888-7,8285,25714,153
Deferred Taxes & Provisions
Cash flow from operations-3,84825,1975,930-12,150-9,0986,99219,78420,76616,144-3,058-29,06843,569
Investing Activities
capital expenditure-51,000
Change in Investments
cash flow from investments-51,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-8,0008,000-18,556-6,000-48,20172,757
Hire Purchase and Lease Commitments
other long term liabilities-24,025-16,97541,000
share issue100
interest1,375257-241-254-472-1,178-2,909-2,187742147109
cash flow from financing1,375257-8,2417,746-19,028-7,178-51,11046,545-16,96841,042147209
cash and cash equivalents
cash-2,47325,455-2,311-4,961-27,569-186-31,32767,311-824-13,016-28,92143,778
overdraft-557557
change in cash-2,47325,455-2,311-4,404-28,126-186-31,32767,311-824-13,016-28,92143,778

empty property solutions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Empty Property Solutions Limited Competitor Analysis

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Perform a competitor analysis for empty property solutions limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in N19 area or any other competitors across 12 key performance metrics.

empty property solutions limited Ownership

EMPTY PROPERTY SOLUTIONS LIMITED group structure

Empty Property Solutions Limited has no subsidiary companies.

Ultimate parent company

EMPTY PROPERTY SOLUTIONS LIMITED

07744649

EMPTY PROPERTY SOLUTIONS LIMITED Shareholders

carson millican 51%
mary millican 49%

empty property solutions limited directors

Empty Property Solutions Limited currently has 2 directors. The longest serving directors include Mr David Millican (Aug 2011) and Mrs Mary Millican (Sep 2017).

officercountryagestartendrole
Mr David MillicanNorthern Ireland70 years Aug 2011- Director
Mrs Mary MillicanNorthern Ireland69 years Sep 2017- Director

P&L

August 2023

turnover

54.7k

+6%

operating profit

-6.7k

0%

gross margin

56.8%

+21.92%

turnover

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

Balance Sheet

August 2023

net assets

59.8k

-0.08%

total assets

76k

-0.03%

cash

25k

-0.09%

net assets

Total assets minus all liabilities

empty property solutions limited company details

company number

07744649

Type

Private limited with Share Capital

industry

55900 - Other accommodation

incorporation date

August 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

August 2023

previous names

N/A

accountant

-

auditor

-

address

groundfloor 111 cornwallis road, london, N19 4LQ

Bank

-

Legal Advisor

-

empty property solutions 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 did not find charges/mortgages relating to empty property solutions limited.

empty property solutions 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.

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empty property solutions limited Companies House Filings - See Documents

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