Affordable Homes In Manchester Limited

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affordable homes in manchester limited Company Information

Live

EstablishedMicroHealthy

Company Number

08223572

Next Accounts

Jun 2025

Industry

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

Directors

Christopher Mills

Victoria Mills

Shareholders

christopher mills

victoria mills

Group Structure

View All

Contact

Registered Address

24 audley avenue, torquay, TQ2 7PD

Website

affordable homes in manchester limited Estimated Valuation

£936.2k

Pomanda estimates the enterprise value of AFFORDABLE HOMES IN MANCHESTER LIMITED at £936.2k based on Net Assets of £539k and 1.74x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Affordable Homes In Manchester Limited is a live company located in torquay, TQ2 7PD with a Companies House number of 08223572. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in September 2012, it's largest shareholder is christopher mills with a 51% stake. Affordable Homes In Manchester Limited is a established, micro sized company, Pomanda has estimated its turnover at £97.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Affordable Homes In Manchester Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £97.5k, make it smaller than the average company (£855k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (2.8%)

EXPORT

Affordable Homes In Manchester Limited's latest turnover from September 2023 is estimated at £97.5 thousand and the company has net assets of £539 thousand. According to their latest financial statements, Affordable Homes In Manchester Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Turnover	97,539	403,953	186,279	74,808	67,284	592,708	152,671	23,406	31,515	33,441	60,722
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	70,176	295,118	137,402	53,475	47,794	412,505	103,158	15,663	22,342	24,222	44,889
Gross Profit	27,363	108,835	48,877	21,333	19,490	180,203	49,514	7,744	9,173	9,219	15,832
Admin Expenses	35,670	-263,345	-111,635	23,972	37,001	60,184	18,618	18,518	-8,674	-30,780	37,977
Operating Profit	-8,307	372,180	160,512	-2,639	-17,511	120,019	30,896	-10,774	17,847	39,999	-22,145
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	32	80	185	342	252
Pre-Tax Profit	-8,307	372,180	160,512	-2,639	-17,511	120,019	30,928	-10,694	18,033	40,341	-21,894
Tax	0	-70,714	-30,497	0	0	-22,804	-5,876	0	-3,606	-8,472	0
Profit After Tax	-8,307	301,466	130,015	-2,639	-17,511	97,215	25,052	-10,694	14,426	31,869	-21,894
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,307	301,466	130,015	-2,639	-17,511	97,215	25,052	-10,694	14,426	31,869	-21,894
Employee Costs	95,437	91,133	56,418	55,306	56,908	54,245	25,794	26,257	26,409	25,321	24,132
Number Of Employees	3	3	2	2	2	2	1	1	1	1	1
EBITDA*	-8,307	372,180	160,512	-2,639	-17,511	120,019	30,896	-10,739	18,085	40,237	-21,937

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Tangible Assets	2,048,717	1,906,180	1,398,200	972,391	371,784	717,543	879,196	622,800	622,835	833,949	723,987
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	2,048,717	1,906,180	1,398,200	972,391	371,784	717,543	879,196	622,800	622,835	833,949	723,987
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	14,003	138,939	53,852	6,588	9,347	148,356	35,480	1,800	2,175	4,497	7,737
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	25,666	37,941	36,142	100,601
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	14,003	138,939	53,852	6,588	9,347	148,356	35,480	27,466	40,116	40,639	108,338
total assets	2,062,720	2,045,119	1,452,052	978,979	381,131	865,899	914,676	650,266	662,951	874,588	832,325
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	14,159	28,123	94,000	78,747	11,066	63,552	49,544	61,899	63,890	38,953	81,397
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	14,159	28,123	94,000	78,747	11,066	63,552	49,544	61,899	63,890	38,953	81,397
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	1,509,563	1,469,691	1,112,213	784,408	251,602	666,373	826,373	574,560	574,560	825,560	772,722
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,509,563	1,469,691	1,112,213	784,408	251,602	666,373	826,373	574,560	574,560	825,560	772,722
total liabilities	1,523,722	1,497,814	1,206,213	863,155	262,668	729,925	875,917	636,459	638,450	864,513	854,119
net assets	538,998	547,305	245,839	115,824	118,463	135,974	38,759	13,807	24,501	10,075	-21,794
total shareholders funds	538,998	547,305	245,839	115,824	118,463	135,974	38,759	13,807	24,501	10,075	-21,794

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Operating Activities
Operating Profit	-8,307	372,180	160,512	-2,639	-17,511	120,019	30,896	-10,774	17,847	39,999	-22,145
Depreciation	0	0	0	0	0	0	0	35	238	238	208
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-70,714	-30,497	0	0	-22,804	-5,876	0	-3,606	-8,472	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-124,936	85,087	47,264	-2,759	-139,009	112,876	33,680	-375	-2,322	-3,240	7,737
Creditors	-13,964	-65,877	15,253	67,681	-52,486	14,008	-12,355	-1,991	24,937	-42,444	81,397
Accruals and Deferred Income	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
Cash flow from operations	102,665	150,502	98,004	67,801	69,012	-1,653	-21,015	-12,355	41,738	-7,439	51,723
Investing Activities
capital expenditure	-142,537	-507,980	-425,809	-600,607	345,759	161,653	-256,396	0	210,876	-110,200	-724,195
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-142,537	-507,980	-425,809	-600,607	345,759	161,653	-256,396	0	210,876	-110,200	-724,195
Financing Activities
Bank loans	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
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	39,872	357,478	327,805	532,806	-414,771	-160,000	251,813	0	-251,000	52,838	772,722
share issue	0	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	32	80	185	342	252
cash flow from financing	39,872	357,478	327,805	532,806	-414,771	-160,000	251,745	80	-250,815	53,180	773,074
cash and cash equivalents
cash	0	0	0	0	0	0	-25,666	-12,275	1,799	-64,459	100,601
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-25,666	-12,275	1,799	-64,459	100,601

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AFFORDABLE HOMES IN MANCHESTER LIMITED group structure

Affordable Homes In Manchester Limited has no subsidiary companies.

Ultimate parent company

AFFORDABLE HOMES IN MANCHESTER LIMITED

08223572

AFFORDABLE HOMES IN MANCHESTER LIMITED Shareholders

christopher mills	51%
victoria mills	49%

Affordable Homes In Manchester Limited currently has 2 directors. The longest serving directors include Mr Christopher Mills (Sep 2012) and Mrs Victoria Mills (Sep 2019).

officer	country	age	start	end	role
Mr Christopher Mills	England	43 years	Sep 2012	-	Director
Mrs Victoria Mills	England	44 years	Sep 2019	-	Director

P&L

September 2023

turnover

97.5k

-76%

operating profit

-8.3k

gross margin

28.1%

+4.12%

turnover

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

Balance Sheet

September 2023

net assets

539k

-0.02%

total assets

2.1m

+0.01%

cash

net assets

Total assets minus all liabilities

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1.5

company number

08223572

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.

incorporation date

September 2012

ultimate parent company

None

previous names

N/A

address

24 audley avenue, torquay, TQ2 7PD

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 29 charges/mortgages relating to affordable homes in manchester limited. Currently there are 25 open charges and 4 have been satisfied in the past.

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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affordable homes in manchester limited Company Information

affordable homes in manchester limited Estimated Valuation

affordable homes in manchester limited Estimated Valuation

affordable homes in manchester limited Estimated Valuation

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