may developments (brixton) limited
may developments (brixton) limited Company Information
Company Number
08126858
Registered Address
10 jacobs well mews, london, W1U 3DY
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
david paul mccormack 50%
antony ian spencer 50%
may developments (brixton) limited Estimated Valuation
Pomanda estimates the enterprise value of MAY DEVELOPMENTS (BRIXTON) LIMITED at £41.4m based on a Turnover of £17.4m and 2.37x industry multiple (adjusted for size and gross margin).
may developments (brixton) limited Estimated Valuation
Pomanda estimates the enterprise value of MAY DEVELOPMENTS (BRIXTON) LIMITED at £0 based on an EBITDA of £-409.4k and a 5.84x industry multiple (adjusted for size and gross margin).
may developments (brixton) limited Estimated Valuation
Pomanda estimates the enterprise value of MAY DEVELOPMENTS (BRIXTON) LIMITED at £0 based on Net Assets of £-2.7m and 1.23x industry multiple (adjusted for liquidity).
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May Developments (brixton) Limited Overview
May Developments (brixton) Limited is a live company located in london, W1U 3DY with a Companies House number of 08126858. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in July 2012, it's largest shareholder is david paul mccormack with a 50% stake. May Developments (brixton) Limited is a established, mid sized company, Pomanda has estimated its turnover at £17.4m with rapid growth in recent years.
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May Developments (brixton) Limited Health Check
Pomanda's financial health check has awarded May Developments (Brixton) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £17.4m, make it larger than the average company (£899.4k)
- May Developments (brixton) Limited
£899.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 400%, show it is growing at a faster rate (2.3%)
- May Developments (brixton) Limited
2.3% - Industry AVG
Production
with a gross margin of 27.3%, this company has a higher cost of product (69.2%)
- May Developments (brixton) Limited
69.2% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (26.2%)
- May Developments (brixton) Limited
26.2% - Industry AVG
Employees
with 27 employees, this is above the industry average (4)
- May Developments (brixton) Limited
4 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- May Developments (brixton) Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £645.7k, this is more efficient (£191k)
- May Developments (brixton) Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (25 days)
- May Developments (brixton) Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 197 days, this is slower than average (30 days)
- May Developments (brixton) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- May Developments (brixton) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - May Developments (brixton) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 164.4%, this is a higher level of debt than the average (64%)
164.4% - May Developments (brixton) Limited
64% - Industry AVG
MAY DEVELOPMENTS (BRIXTON) LIMITED financials
May Developments (Brixton) Limited's latest turnover from July 2023 is estimated at £17.4 million and the company has net assets of -£2.7 million. According to their latest financial statements, we estimate that May Developments (Brixton) Limited has 27 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | ||||||||
| Other Income Or Grants | 0 | ||||||||||
| Cost Of Sales | 0 | ||||||||||
| Gross Profit | 0 | ||||||||||
| Admin Expenses | 0 | ||||||||||
| Operating Profit | -22,929 | -8,695 | 0 | ||||||||
| Interest Payable | 28,443 | 0 | 0 | ||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -51,372 | -8,695 | 0 | ||||||||
| Tax | 0 | 0 | 0 | ||||||||
| Profit After Tax | -51,372 | -8,695 | 0 | ||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||
| Retained Profit | -51,372 | -8,695 | 0 | ||||||||
| Employee Costs | 0 | ||||||||||
| Number Of Employees | |||||||||||
| EBITDA* | -22,929 | -8,695 | 0 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 3,808,144 | 3,407,992 | 3,350,883 | 3,181,147 | 2,673,028 | 434,830 | 374,514 | 141,139 |
| Trade Debtors | 4,166,818 | 4,129,844 | 3,864,588 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 8,534 | 19,704 | 19,994 | 4,629 | 41,487 | 2 | 2 | 2 |
| Cash | 0 | 0 | 0 | 135 | 370 | 1,864 | 3,004 | 7,199 | 8,885 | 18,555 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,166,818 | 4,129,844 | 3,864,588 | 3,816,813 | 3,428,066 | 3,372,741 | 3,188,780 | 2,721,714 | 443,717 | 393,071 | 141,141 |
| total assets | 4,166,818 | 4,129,844 | 3,864,588 | 3,816,813 | 3,428,066 | 3,372,741 | 3,188,780 | 2,721,714 | 443,717 | 393,071 | 141,141 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,850,370 | 6,403,990 | 5,755,763 | 152,294 | 33,415 | 1,770 | 3,528 | 61,889 | 0 | 31,425 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 1,230,339 | 4,999 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 0 | 5,200,195 | 4,610,351 | 3,072,018 | 3,826,659 | 2,930,810 | 503,782 | 370,339 | 141,139 |
| total current liabilities | 6,850,370 | 6,403,990 | 5,755,763 | 5,352,489 | 4,643,766 | 4,304,127 | 3,835,186 | 2,992,699 | 503,782 | 401,764 | 141,139 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,850,370 | 6,403,990 | 5,755,763 | 5,352,489 | 4,643,766 | 4,304,127 | 3,835,186 | 2,992,699 | 503,782 | 401,764 | 141,139 |
| net assets | -2,683,552 | -2,274,146 | -1,891,175 | -1,535,676 | -1,215,700 | -931,386 | -646,406 | -270,985 | -60,065 | -8,693 | 2 |
| total shareholders funds | -2,683,552 | -2,274,146 | -1,891,175 | -1,535,676 | -1,215,700 | -931,386 | -646,406 | -270,985 | -60,065 | -8,693 | 2 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -22,929 | -8,695 | 0 | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | ||||||||
| Stock | 0 | 0 | -3,808,144 | 400,152 | 57,109 | 169,736 | 508,119 | 2,238,198 | 60,316 | 233,375 | 141,139 |
| Debtors | 36,974 | 265,256 | 3,856,054 | -11,170 | -290 | 15,365 | -36,858 | 41,485 | 0 | 0 | 2 |
| Creditors | 446,380 | 648,227 | 5,603,469 | 118,879 | 31,645 | -1,758 | -58,361 | 61,889 | -31,425 | 31,425 | 0 |
| Accruals and Deferred Income | 0 | 0 | -5,200,195 | 589,844 | 1,538,333 | -754,641 | 895,849 | 2,427,028 | 133,443 | 229,200 | 141,139 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 18,773 | 18,555 | -2 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -1,230,339 | 1,225,340 | 4,999 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -28,443 | 0 | 0 | ||||||||
| cash flow from financing | -28,443 | 0 | 2 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | -135 | -235 | -1,494 | -1,140 | -4,195 | -1,686 | -9,670 | 18,555 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -135 | -235 | -1,494 | -1,140 | -4,195 | -1,686 | -9,670 | 18,555 | 0 |
may developments (brixton) limited Credit Report and Business Information
May Developments (brixton) Limited Competitor Analysis
Perform a competitor analysis for may developments (brixton) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in W1U area or any other competitors across 12 key performance metrics.
may developments (brixton) limited Ownership
MAY DEVELOPMENTS (BRIXTON) LIMITED group structure
May Developments (Brixton) Limited has no subsidiary companies.
Ultimate parent company
MAY DEVELOPMENTS (BRIXTON) LIMITED
08126858
may developments (brixton) limited directors
May Developments (Brixton) Limited currently has 2 directors. The longest serving directors include Mr David McCormack (Jul 2012) and Mr Antony Spencer (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David McCormack | 57 years | Jul 2012 | - | Director | |
| Mr Antony Spencer | England | 64 years | Jul 2012 | - | Director |
P&L
July 2023turnover
17.4m
+11%
operating profit
-409.4k
0%
gross margin
27.4%
+0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
-2.7m
+0.18%
total assets
4.2m
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
may developments (brixton) limited company details
company number
08126858
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
July 2012
age
12
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
July 2023
address
10 jacobs well mews, london, W1U 3DY
accountant
-
auditor
-
may developments (brixton) 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 may developments (brixton) limited.
may developments (brixton) limited Companies House Filings - See Documents
| date | description | view/download |
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