school lettings solutions limited
school lettings solutions limited Company Information
Company Number
08175009
Website
www.schoollettings.orgRegistered Address
683-693 wilmslow road, didsbury, manchester, M20 6RE
Industry
Educational support activities
Telephone
03301005470
Next Accounts Due
1572 days late
Group Structure
View All
Shareholders
scott warrington 25%
paul steven andrews 25%
View Allschool lettings solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SCHOOL LETTINGS SOLUTIONS LIMITED at £6.5m based on a Turnover of £9.5m and 0.68x industry multiple (adjusted for size and gross margin).
school lettings solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SCHOOL LETTINGS SOLUTIONS LIMITED at £0 based on an EBITDA of £-197.1k and a 3.44x industry multiple (adjusted for size and gross margin).
school lettings solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SCHOOL LETTINGS SOLUTIONS LIMITED at £0 based on Net Assets of £-706.1k and 0.9x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
School Lettings Solutions Limited Overview
School Lettings Solutions Limited is a live company located in manchester, M20 6RE with a Companies House number of 08175009. It operates in the educational support services sector, SIC Code 85600. Founded in August 2012, it's largest shareholder is scott warrington with a 25% stake. School Lettings Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.5m with rapid growth in recent years.
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School Lettings Solutions Limited Health Check
Pomanda's financial health check has awarded School Lettings Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £9.5m, make it larger than the average company (£419.3k)
£9.5m - School Lettings Solutions Limited
£419.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (4.2%)
- School Lettings Solutions Limited
4.2% - Industry AVG
Production
with a gross margin of 36.4%, this company has a higher cost of product (63.9%)
36.4% - School Lettings Solutions Limited
63.9% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (7.9%)
-2.5% - School Lettings Solutions Limited
7.9% - Industry AVG
Employees
with 706 employees, this is above the industry average (15)
706 - School Lettings Solutions Limited
15 - Industry AVG
Pay Structure
on an average salary of £26.2k, the company has an equivalent pay structure (£26.2k)
- School Lettings Solutions Limited
£26.2k - Industry AVG
Efficiency
resulting in sales per employee of £13.5k, this is less efficient (£51k)
£13.5k - School Lettings Solutions Limited
£51k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (23 days)
11 days - School Lettings Solutions Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 123 days, this is slower than average (27 days)
123 days - School Lettings Solutions Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - School Lettings Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is less cash available to meet short term requirements (81 weeks)
30 weeks - School Lettings Solutions Limited
81 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122.7%, this is a higher level of debt than the average (32.2%)
122.7% - School Lettings Solutions Limited
32.2% - Industry AVG
SCHOOL LETTINGS SOLUTIONS LIMITED financials
School Lettings Solutions Limited's latest turnover from August 2018 is £9.5 million and the company has net assets of -£706.1 thousand. According to their latest financial statements, School Lettings Solutions Limited has 706 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|
| Turnover | 9,501,500 | 6,172,569 | ||||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 6,045,738 | 3,687,668 | ||||
| Gross Profit | 3,455,762 | 2,484,901 | ||||
| Admin Expenses | 3,694,518 | 2,701,039 | ||||
| Operating Profit | -238,756 | -216,138 | ||||
| Interest Payable | 55,032 | 16,109 | ||||
| Interest Receivable | 33 | 11 | ||||
| Pre-Tax Profit | -293,755 | -232,236 | ||||
| Tax | 53,923 | 49,131 | ||||
| Profit After Tax | -239,832 | -183,105 | ||||
| Dividends Paid | 0 | 0 | ||||
| Retained Profit | -239,832 | -183,105 | ||||
| Employee Costs | ||||||
| Number Of Employees | 706 | 528 | 343 | |||
| EBITDA* | -197,149 | -200,944 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 386,554 | 261,173 | 122,090 | 20,206 | 12,006 | 5,610 |
| Intangible Assets | 40,601 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 82,116 | 60,325 | 55,692 | 0 | 0 | 0 |
| Total Fixed Assets | 509,371 | 321,498 | 177,782 | 20,206 | 12,006 | 5,610 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 300,886 | 158,602 | 50,103 | 183,503 | 87,609 | 10,254 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 324,127 | 467,924 | 314,232 | 0 | 0 | 0 |
| Cash | 1,982,596 | 470,088 | 165,679 | 80,160 | 30,943 | 20,578 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,607,609 | 1,096,614 | 530,014 | 263,663 | 118,552 | 30,832 |
| total assets | 3,116,980 | 1,418,112 | 707,796 | 283,869 | 130,558 | 36,442 |
| Bank overdraft | 0 | 3,202 | 11,420 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,053,579 | 1,242,679 | 852,622 | 390,245 | 149,339 | 29,541 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 125,714 | 62,857 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 46,217 | 21,294 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,203,408 | 100,541 | 106,227 | 0 | 0 | 0 |
| total current liabilities | 3,428,918 | 1,430,573 | 970,269 | 390,245 | 149,339 | 29,541 |
| loans | 251,429 | 377,143 | 20,653 | 0 | 0 | 0 |
| hp & lease commitments | 142,696 | 76,627 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 32,014 | 4,806 | 6,743 |
| provisions | 0 | 0 | 0 | 4,041 | 2,401 | 0 |
| total long term liabilities | 394,125 | 453,770 | 20,653 | 36,055 | 7,207 | 6,743 |
| total liabilities | 3,823,043 | 1,884,343 | 990,922 | 426,300 | 156,546 | 36,284 |
| net assets | -706,063 | -466,231 | -283,126 | -142,431 | -25,988 | 158 |
| total shareholders funds | -706,063 | -466,231 | -283,126 | -142,431 | -25,988 | 158 |
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -238,756 | -216,138 | ||||
| Depreciation | 41,607 | 15,194 | 5,199 | 4,727 | 2,528 | 2,208 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 53,923 | 49,131 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 20,278 | 266,824 | 236,524 | 95,894 | 77,355 | 10,254 |
| Creditors | 810,900 | 390,057 | 462,377 | 240,906 | 119,798 | 29,541 |
| Accruals and Deferred Income | 1,102,867 | -5,686 | 106,227 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -4,041 | 1,640 | 2,401 | 0 |
| Cash flow from operations | 1,750,263 | -34,266 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 100 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 62,857 | 62,857 | 0 | 0 | 0 | 0 |
| Long term loans | -125,714 | 356,490 | 20,653 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 90,992 | 97,921 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -32,014 | 27,208 | -1,937 | 6,743 |
| share issue | ||||||
| interest | -54,999 | -16,098 | ||||
| cash flow from financing | -26,864 | 501,170 | ||||
| cash and cash equivalents | ||||||
| cash | 1,512,508 | 304,409 | 85,519 | 49,217 | 10,365 | 20,578 |
| overdraft | -3,202 | -8,218 | 11,420 | 0 | 0 | 0 |
| change in cash | 1,515,710 | 312,627 | 74,099 | 49,217 | 10,365 | 20,578 |
school lettings solutions limited Credit Report and Business Information
School Lettings Solutions Limited Competitor Analysis
Perform a competitor analysis for school lettings solutions limited by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in M20 area or any other competitors across 12 key performance metrics.
school lettings solutions limited Ownership
SCHOOL LETTINGS SOLUTIONS LIMITED group structure
School Lettings Solutions Limited has 1 subsidiary company.
Ultimate parent company
SCHOOL LETTINGS SOLUTIONS LIMITED
08175009
1 subsidiary
school lettings solutions limited directors
School Lettings Solutions Limited currently has 2 directors. The longest serving directors include Mr Scott Warrington (Aug 2012) and Mr Paul Andrews (Aug 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Warrington | England | 41 years | Aug 2012 | - | Director |
| Mr Paul Andrews | England | 42 years | Aug 2012 | - | Director |
P&L
August 2018turnover
9.5m
+54%
operating profit
-238.8k
+10%
gross margin
36.4%
-9.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2018net assets
-706.1k
+0.51%
total assets
3.1m
+1.2%
cash
2m
+3.22%
net assets
Total assets minus all liabilities
school lettings solutions limited company details
company number
08175009
Type
Private limited with Share Capital
industry
85600 - Educational support activities
incorporation date
August 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
sw and pa limited (August 2012)
last accounts submitted
August 2018
address
683-693 wilmslow road, didsbury, manchester, M20 6RE
accountant
MITCHELL CHARLESWORTH LLP
auditor
-
school lettings 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 found 3 charges/mortgages relating to school lettings solutions limited. Currently there are 2 open charges and 1 have been satisfied in the past.
school lettings solutions limited Companies House Filings - See Documents
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