Choongh Properties Ltd

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choongh properties ltd Company Information

Live

EstablishedMicroRapid

Company Number

07755770

Website

Registered Address

438 westwood heath road, coventry, west midlands, CV4 8AA

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Telephone

Next Accounts Due

May 2025

Group Structure

View All

Directors

Satnam Choongh13 Years

Jaswinder Choongh6 Years

Shareholders

satnam singh choongh 51%

jaswinder kaur choongh 49%

choongh properties ltd Estimated Valuation

£620.2k

Pomanda estimates the enterprise value of CHOONGH PROPERTIES LTD at £620.2k based on Net Assets of £315.4k and 1.97x industry multiple (adjusted for liquidity).

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Choongh Properties Ltd is a live company located in west midlands, CV4 8AA with a Companies House number of 07755770. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2011, it's largest shareholder is satnam singh choongh with a 51% stake. Choongh Properties Ltd is a established, micro sized company, Pomanda has estimated its turnover at £415.9k with rapid growth in recent years.

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Pomanda's financial health check has awarded Choongh Properties Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £415.9k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 63%, show it is growing at a faster rate (4.4%)

EXPORT

Choongh Properties Ltd's latest turnover from August 2023 is estimated at £415.9 thousand and the company has net assets of £315.4 thousand. According to their latest financial statements, Choongh Properties Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012
Turnover	415,904	223,869	132,329	95,998	72,466	174,503	1,763,406	31,642	373,918	371,844	492,897	8,274
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	303,043	165,256	98,676	69,384	52,230	125,205	1,239,959	22,125	268,359	270,418	359,638	5,933
Gross Profit	112,861	58,613	33,653	26,614	20,236	49,298	523,446	9,517	105,559	101,427	133,259	2,342
Admin Expenses	122,046	144,692	25,172	-5,581	-12,858	-9,781	306,331	-89,999	93,933	76,001	117,831	-4,507
Operating Profit	-9,185	-86,079	8,481	32,195	33,094	59,079	217,115	99,516	11,626	25,426	15,428	6,849
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	398	807	55	72	28
Pre-Tax Profit	-9,185	-86,079	8,481	32,195	33,094	59,079	217,115	99,914	12,434	25,481	15,500	6,876
Tax	0	0	-1,611	-6,117	-6,288	-11,225	-41,252	-19,983	-2,487	-5,351	-3,565	-1,650
Profit After Tax	-9,185	-86,079	6,870	26,078	26,806	47,854	175,863	79,931	9,947	20,130	11,935	5,226
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,185	-86,079	6,870	26,078	26,806	47,854	175,863	79,931	9,947	20,130	11,935	5,226
Employee Costs	80,473	75,722	71,984	70,837	36,065	35,157	270,938	34,150	69,408	66,946	64,838	31,934
Number Of Employees	2	2	2	2	1	1	8	1	2	2	2	1
EBITDA*	-9,185	-86,079	8,481	32,195	33,094	59,079	217,115	99,516	14,781	26,606	16,819	7,172

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012
Tangible Assets	2,379,536	2,375,690	2,367,975	2,344,805	2,306,791	2,211,064	1,070,431	1,576,212	941,732	237,335	451,503	226,507
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	1	1	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,379,536	2,375,690	2,367,975	2,344,805	2,306,791	2,211,064	1,070,431	1,576,212	941,733	237,336	451,503	226,507
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	176,215	92,244	45,684	24,801	21,402	69,517	551,194	8,093	102,914	102,073	132,928	1,800
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	318,339	4,584	17,561	11,043
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	176,215	92,244	45,684	24,801	21,402	69,517	551,194	8,093	421,253	106,657	150,489	12,843
total assets	2,555,751	2,467,934	2,413,659	2,369,606	2,328,193	2,280,581	1,621,625	1,584,305	1,362,986	343,993	601,992	239,350
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	10,303	6,892	13,756	15,795	15,981	9,607	50,104	9,368	22,645	6,456	7,159	3,824
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	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	10,303	6,892	13,756	15,795	15,981	9,607	50,104	9,368	22,645	6,456	7,159	3,824
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	2,230,072	2,136,481	1,989,263	1,950,041	1,934,520	1,920,088	1,268,489	1,447,768	1,293,003	300,146	577,572	230,200
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,230,072	2,136,481	1,989,263	1,950,041	1,934,520	1,920,088	1,268,489	1,447,768	1,293,003	300,146	577,572	230,200
total liabilities	2,240,375	2,143,373	2,003,019	1,965,836	1,950,501	1,929,695	1,318,593	1,457,136	1,315,648	306,602	584,731	234,024
net assets	315,376	324,561	410,640	403,770	377,692	350,886	303,032	127,169	47,338	37,391	17,261	5,326
total shareholders funds	315,376	324,561	410,640	403,770	377,692	350,886	303,032	127,169	47,338	37,391	17,261	5,326

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012
Operating Activities
Operating Profit	-9,185	-86,079	8,481	32,195	33,094	59,079	217,115	99,516	11,626	25,426	15,428	6,849
Depreciation	0	0	0	0	0	0	0	0	3,155	1,180	1,391	323
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,611	-6,117	-6,288	-11,225	-41,252	-19,983	-2,487	-5,351	-3,565	-1,650
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	83,971	46,560	20,883	3,399	-48,115	-481,677	543,101	-94,821	841	-30,855	131,128	1,800
Creditors	3,411	-6,864	-2,039	-186	6,374	-40,497	40,736	-13,277	16,189	-703	3,335	3,824
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	0	0	0	0	0	0
Cash flow from operations	-89,745	-139,503	-16,052	22,493	81,295	489,034	-326,502	161,077	27,642	51,407	-114,539	7,546
Investing Activities
capital expenditure	-3,846	-7,715	-23,170	-38,014	-95,727	-1,140,633	505,781	-634,480	-707,552	212,988	-226,387	-226,830
Change in Investments	0	0	0	0	0	0	0	-1	0	1	0	0
cash flow from investments	-3,846	-7,715	-23,170	-38,014	-95,727	-1,140,633	505,781	-634,479	-707,552	212,987	-226,387	-226,830
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	93,591	147,218	39,222	15,521	14,432	651,599	-179,279	154,765	992,857	-277,426	347,372	230,200
share issue	0	0	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	0	398	807	55	72	28
cash flow from financing	93,591	147,218	39,222	15,521	14,432	651,599	-179,279	155,063	993,664	-277,371	347,444	230,328
cash and cash equivalents
cash	0	0	0	0	0	0	0	-318,339	313,755	-12,977	6,518	11,043
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-318,339	313,755	-12,977	6,518	11,043

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 choongh properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in CV4 area or any other competitors across 12 key performance metrics.

CHOONGH PROPERTIES LTD group structure

Choongh Properties Ltd has no subsidiary companies.

Ultimate parent company

CHOONGH PROPERTIES LTD

07755770

CHOONGH PROPERTIES LTD Shareholders

satnam singh choongh	51%
jaswinder kaur choongh	49%

Choongh Properties Ltd currently has 2 directors. The longest serving directors include Mr Satnam Choongh (Aug 2011) and Mrs Jaswinder Choongh (Mar 2018).

officer	country	age	start	end	role
Mr Satnam Choongh	England	55 years	Aug 2011	-	Director
Mrs Jaswinder Choongh	United Kingdom	54 years	Mar 2018	-	Director

P&L

August 2023

turnover

415.9k

+86%

operating profit

-9.2k

gross margin

27.2%

+3.65%

turnover

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

Balance Sheet

August 2023

net assets

315.4k

-0.03%

total assets

2.6m

+0.04%

cash

net assets

Total assets minus all liabilities

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company number

07755770

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.

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

August 2011

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2023

address

438 westwood heath road, coventry, west midlands, CV4 8AA

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 16 charges/mortgages relating to choongh properties ltd. Currently there are 16 open charges and 0 have been satisfied in the past.

choongh properties ltd Company Information

choongh properties ltd Estimated Valuation

choongh properties ltd Estimated Valuation

choongh properties ltd Estimated Valuation

Choongh Properties Ltd Overview

Choongh Properties Ltd Health Check

CHOONGH PROPERTIES LTD financials

choongh properties ltd Credit Report and Business Information

Choongh Properties Ltd Competitor Analysis

choongh properties ltd Ownership

choongh properties ltd directors

choongh properties ltd company details

choongh properties ltd Charges & Mortgages

choongh properties ltd Companies House Filings - See Documents