advent development holdings ltd

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advent development holdings ltd Company Information

Share ADVENT DEVELOPMENT HOLDINGS LTD

Company Number

08087343

Directors

Marie Reeve

Timothy Reeve

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Shareholders

timothy james reeve & marie bernadette reeve

malcolm john reeve

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Group Structure

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Industry

Activities of construction holding companies

 

Registered Address

cold moor cote farm chop gate, middlesbrough, cleveland, TS9 7JJ

advent development holdings ltd Estimated Valuation

£317.7k

Pomanda estimates the enterprise value of ADVENT DEVELOPMENT HOLDINGS LTD at £317.7k based on a Turnover of £329.1k and 0.97x industry multiple (adjusted for size and gross margin).

advent development holdings ltd Estimated Valuation

£215.3k

Pomanda estimates the enterprise value of ADVENT DEVELOPMENT HOLDINGS LTD at £215.3k based on an EBITDA of £48k and a 4.48x industry multiple (adjusted for size and gross margin).

advent development holdings ltd Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of ADVENT DEVELOPMENT HOLDINGS LTD at £3.5m based on Net Assets of £2m and 1.7x industry multiple (adjusted for liquidity).

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Advent Development Holdings Ltd Overview

Advent Development Holdings Ltd is a live company located in cleveland, TS9 7JJ with a Companies House number of 08087343. It operates in the activities of construction holding companies sector, SIC Code 64203. Founded in May 2012, it's largest shareholder is timothy james reeve & marie bernadette reeve with a 50% stake. Advent Development Holdings Ltd is a established, micro sized company, Pomanda has estimated its turnover at £329.1k with declining growth in recent years.

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Advent Development Holdings Ltd Health Check

Pomanda's financial health check has awarded Advent Development Holdings Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £329.1k, make it smaller than the average company (£23.9m)

£329.1k - Advent Development Holdings Ltd

£23.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (10.2%)

-17% - Advent Development Holdings Ltd

10.2% - Industry AVG

production

Production

with a gross margin of 17.1%, this company has a comparable cost of product (17.1%)

17.1% - Advent Development Holdings Ltd

17.1% - Industry AVG

profitability

Profitability

an operating margin of 13.7% make it more profitable than the average company (4.8%)

13.7% - Advent Development Holdings Ltd

4.8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (80)

3 - Advent Development Holdings Ltd

80 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.7k, the company has an equivalent pay structure (£53.7k)

£53.7k - Advent Development Holdings Ltd

£53.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.7k, this is less efficient (£345.9k)

£109.7k - Advent Development Holdings Ltd

£345.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is earlier than average (49 days)

12 days - Advent Development Holdings Ltd

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (42 days)

1 days - Advent Development Holdings Ltd

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Advent Development Holdings Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (21 weeks)

2 weeks - Advent Development Holdings Ltd

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 16.1%, this is a lower level of debt than the average (62%)

16.1% - Advent Development Holdings Ltd

62% - Industry AVG

ADVENT DEVELOPMENT HOLDINGS LTD financials

EXPORTms excel logo

Advent Development Holdings Ltd's latest turnover from May 2024 is estimated at £329.1 thousand and the company has net assets of £2 million. According to their latest financial statements, Advent Development Holdings Ltd has 3 employees and maintains cash reserves of £15.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013
Turnover329,109564,518330,022572,442571,604804,4541,470,724342,803198,8841,374,326817,9371,741,722
Other Income Or Grants
Cost Of Sales272,723466,943269,510473,069475,475661,3951,191,947282,088165,7091,146,380684,9031,476,230
Gross Profit56,38597,57560,51299,37396,129143,059278,77860,71633,176227,946133,034265,493
Admin Expenses11,413-315,451-939,657-394,287-121,416121,489397,492-398,331-53,758274,930-207,870541,056
Operating Profit44,972413,0261,000,169493,660217,54521,570-118,714459,04786,934-46,984340,904-275,563
Interest Payable
Interest Receivable1,3826,2503,42531795151,0245131691192216
Pre-Tax Profit46,353419,2761,003,594493,977217,64021,585-117,690459,56086,950-46,073341,825-275,547
Tax-11,588-104,819-190,683-93,856-41,352-4,101-87,316-17,390-71,783
Profit After Tax34,765314,457812,911400,121176,28817,484-117,690372,24469,560-46,073270,042-275,547
Dividends Paid
Retained Profit34,765314,457812,911400,121176,28817,484-117,690372,24469,560-46,073270,042-275,547
Employee Costs161,109151,850143,658136,78193,30089,56485,81184,84540,841270,630150,384339,489
Number Of Employees333322221749
EBITDA*48,014416,6541,002,946494,367217,54521,570-118,714459,04786,934-46,984340,904-275,563

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013
Tangible Assets148,4369,14912,7772,111
Intangible Assets
Investments & Other202202202202202301201200200200200200
Debtors (Due After 1 year)
Total Fixed Assets148,6389,35112,9792,313202301201200200200200200
Stock & work in progress247,783210,5445,75020,00020,00020,00020,000
Trade Debtors11,32626,790224,463227,613573,129
Group Debtors2,234,7732,106,4051,760,184714,432941,341739,242443,342387,398225,013
Misc Debtors8,4137,4886,9219,0838,02790,416381,63825,08871,038
Cash15,85836,781240,998443,960189,2083653,564406,0844,4131,971362,3856,324
misc current assets
total current assets2,270,3702,150,6742,034,8931,167,4751,138,5761,077,8061,039,088824,320320,464246,434609,998599,453
total assets2,419,0082,160,0252,047,8721,169,7881,138,7781,078,1071,039,289824,520320,664246,634610,198599,653
Bank overdraft
Bank loan
Trade Creditors 1,20033,3032,26872,00056449,55415,012298,11261,2075,100
Group/Directors Accounts37,17599,375100100100
other short term finances
hp & lease commitments27,865
other current liabilities294,818130,639326,574131,566672,370787,323766,553384,540287,570
total current liabilities323,883163,942366,017302,941672,370787,987766,653434,194302,582298,11261,2075,100
loans
hp & lease commitments62,695
Accruals and Deferred Income
other liabilities554,396870,000
provisions3,7682,1862,415318
total long term liabilities66,4632,1862,415318554,396870,000
total liabilities390,346166,128368,432303,259672,370787,987766,653434,194302,582298,112615,603875,100
net assets2,028,6621,993,8971,679,440866,529466,408290,120272,636390,32618,082-51,478-5,405-275,447
total shareholders funds2,028,6621,993,8971,679,440866,529466,408290,120272,636390,32618,082-51,478-5,405-275,447
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013
Operating Activities
Operating Profit44,972413,0261,000,169493,660217,54521,570-118,714459,04786,934-46,984340,904-275,563
Depreciation3,0423,6282,777707
Amortisation
Tax-11,588-104,819-190,683-93,856-41,352-4,101-87,316-17,390-71,783
Stock-247,78337,239204,794-14,25020,000
Debtors140,619319,9981,070,380-225,853119,7104,678412,494116,43571,588-3,150-345,516573,129
Creditors-32,10331,035-69,73272,000-564564-49,55434,542-283,100236,90556,1075,100
Accruals and Deferred Income164,179-195,935195,008-540,804-114,95320,770382,01396,970287,570
Deferred Taxes & Provisions1,582-2292,097318
Cash flow from operations29,465-173,292-130,744157,878188,749-3,114-403,543401,0582,426193,071670,744-863,592
Investing Activities
capital expenditure-142,329-13,443-2,818
Change in Investments-991001200
cash flow from investments-142,329-13,443-2,81899-100-1-200
Financing Activities
Bank loans
Group/Directors Accounts-37,175-62,20099,375-100100
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments90,560
other long term liabilities-554,396-315,604870,000
share issue100
interest1,3826,2503,42531795151,0245131691192216
cash flow from financing91,942-30,925-58,77599,692-5151,02461316-553,485-314,682870,116
cash and cash equivalents
cash-20,923-204,217-202,962254,752188,843-3,199-402,520401,6712,442-360,414356,0616,324
overdraft
change in cash-20,923-204,217-202,962254,752188,843-3,199-402,520401,6712,442-360,414356,0616,324

advent development holdings ltd 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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Advent Development Holdings Ltd Competitor Analysis

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Perform a competitor analysis for advent development holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in TS9 area or any other competitors across 12 key performance metrics.

advent development holdings ltd Ownership

ADVENT DEVELOPMENT HOLDINGS LTD group structure

Advent Development Holdings Ltd has 5 subsidiary companies.

ADVENT DEVELOPMENT HOLDINGS LTD Shareholders

timothy james reeve & marie bernadette reeve 50%
malcolm john reeve 14%
james cameron reeve 12%
dominic john reeve 12%
patrick michael reeve 12%

advent development holdings ltd directors

Advent Development Holdings Ltd currently has 4 directors. The longest serving directors include Mrs Marie Reeve (May 2012) and Mr Timothy Reeve (May 2012).

officercountryagestartendrole
Mrs Marie Reeve64 years May 2012- Director
Mr Timothy ReeveEngland57 years May 2012- Director
Mr Malcolm Reeve73 years May 2012- Director
Mr Dominic Reeve44 years Oct 2020- Director

P&L

May 2024

turnover

329.1k

-42%

operating profit

45k

0%

gross margin

17.2%

-0.88%

turnover

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

Balance Sheet

May 2024

net assets

2m

+0.02%

total assets

2.4m

+0.12%

cash

15.9k

-0.57%

net assets

Total assets minus all liabilities

advent development holdings ltd company details

company number

08087343

Type

Private limited with Share Capital

industry

64203 - Activities of construction holding companies

incorporation date

May 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

N/A

accountant

-

auditor

-

address

cold moor cote farm chop gate, middlesbrough, cleveland, TS9 7JJ

Bank

-

Legal Advisor

-

advent development holdings ltd 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 1 charges/mortgages relating to advent development holdings ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

advent development holdings ltd 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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advent development holdings ltd Companies House Filings - See Documents

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