character developments limited
character developments limited Company Information
Company Number
08418377
Next Accounts
84 days late
Shareholders
rhea bhandari
nina bhandari
Group Structure
View All
Industry
Development of building projects
Registered Address
newlands chorleywood road, rickmansworth, hertfordshire, WD3 4EP
Website
-character developments limited Estimated Valuation
Pomanda estimates the enterprise value of CHARACTER DEVELOPMENTS LIMITED at £4.8m based on a Turnover of £8.2m and 0.59x industry multiple (adjusted for size and gross margin).
character developments limited Estimated Valuation
Pomanda estimates the enterprise value of CHARACTER DEVELOPMENTS LIMITED at £6.6m based on an EBITDA of £1.5m and a 4.51x industry multiple (adjusted for size and gross margin).
character developments limited Estimated Valuation
Pomanda estimates the enterprise value of CHARACTER DEVELOPMENTS LIMITED at £1.7m based on Net Assets of £1.1m and 1.49x industry multiple (adjusted for liquidity).
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Character Developments Limited Overview
Character Developments Limited is a live company located in hertfordshire, WD3 4EP with a Companies House number of 08418377. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2013, it's largest shareholder is rhea bhandari with a 50% stake. Character Developments Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.2m with declining growth in recent years.
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Character Developments Limited Health Check
Pomanda's financial health check has awarded Character Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £8.2m, make it larger than the average company (£2m)
- Character Developments Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (2%)
- Character Developments Limited
2% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)
- Character Developments Limited
25.8% - Industry AVG
Profitability
an operating margin of 17.8% make it more profitable than the average company (8.4%)
- Character Developments Limited
8.4% - Industry AVG
Employees
with 32 employees, this is above the industry average (6)
- Character Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)
- Character Developments Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £255k, this is equally as efficient (£257.3k)
- Character Developments Limited
£257.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Character Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Character Developments Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 299 days, this is more than average (164 days)
- Character Developments Limited
164 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Character Developments Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.9%, this is a similar level of debt than the average (73.6%)
80.9% - Character Developments Limited
73.6% - Industry AVG
CHARACTER DEVELOPMENTS LIMITED financials
Character Developments Limited's latest turnover from February 2023 is estimated at £8.2 million and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Character Developments Limited has 32 employees and maintains cash reserves of £3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 589,465 | 1,481,235 | 0 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||||
| Cost Of Sales | 471,332 | 1,340,903 | ||||||||
| Gross Profit | 118,133 | 140,332 | ||||||||
| Admin Expenses | -1,253 | 123,257 | ||||||||
| Operating Profit | 119,386 | 17,075 | ||||||||
| Interest Payable | 5,573 | 937 | 0 | 0 | ||||||
| Interest Receivable | 23 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 113,836 | 16,138 | -38,188 | -1,660 | ||||||
| Tax | -18,259 | 0 | 0 | 0 | ||||||
| Profit After Tax | 95,577 | 16,138 | -38,188 | -1,660 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 95,577 | 16,138 | -38,188 | -1,660 | ||||||
| Employee Costs | ||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | ||||||
| EBITDA* | 120,386 | 18,075 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 938,933 | 959,799 | 980,665 | 2,052,774 | 1,022,396 | 0 | 1,000 | 2,000 | 3,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 1,324,765 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 938,933 | 959,799 | 980,665 | 2,052,774 | 2,347,161 | 0 | 1,000 | 2,000 | 3,000 | 0 |
| Stock & work in progress | 4,960,305 | 4,437,305 | 3,062,305 | 0 | 0 | 1,203,513 | 2,697,056 | 2,210,248 | 1,659,057 | 637,441 |
| Trade Debtors | 0 | 0 | 0 | 3,005,712 | 0 | 4,131 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 1,016,764 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 17,258 | 42,797 | 15,499 | 0 | 28,206 | 1,095,780 | 984,210 | 964,552 | 5,712 | 1,413 |
| Cash | 3,037 | 23,968 | 4,226 | 0 | 7,991 | 72,861 | 11,767 | 82,542 | 239,116 | 11,016 |
| misc current assets | 43,757 | 92 | 92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,024,357 | 4,504,162 | 4,098,886 | 3,005,712 | 36,197 | 2,376,285 | 3,693,033 | 3,257,342 | 1,903,885 | 649,870 |
| total assets | 5,963,290 | 5,463,961 | 5,079,551 | 5,058,486 | 2,383,358 | 2,376,285 | 3,694,033 | 3,259,342 | 1,906,885 | 649,870 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 5,067,219 | 0 | 15,000 | 15,001 | 0 | 0 | 0 |
| Group/Directors Accounts | 486,008 | 1,608,154 | 231,151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,335,309 | 3,888,183 | 4,904,907 | 0 | 2,376,013 | 2,238,591 | 3,639,163 | 3,283,050 | 1,946,731 | 651,528 |
| total current liabilities | 4,821,317 | 5,496,337 | 5,136,058 | 5,067,219 | 2,376,013 | 2,253,591 | 3,654,164 | 3,283,050 | 1,946,731 | 651,528 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,821,317 | 5,496,337 | 5,136,058 | 5,067,219 | 2,376,013 | 2,253,591 | 3,654,164 | 3,283,050 | 1,946,731 | 651,528 |
| net assets | 1,141,973 | -32,376 | -56,507 | -8,733 | 7,345 | 122,694 | 39,869 | -23,708 | -39,846 | -1,658 |
| total shareholders funds | 1,141,973 | -32,376 | -56,507 | -8,733 | 7,345 | 122,694 | 39,869 | -23,708 | -39,846 | -1,658 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 119,386 | 17,075 | ||||||||
| Depreciation | 20,866 | 20,866 | 0 | 20,865 | 20,865 | 0 | 1,000 | 1,000 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -18,259 | 0 | 0 | 0 | ||||||
| Stock | 523,000 | 1,375,000 | 3,062,305 | 0 | -1,203,513 | -1,493,543 | 486,808 | 551,191 | 1,021,616 | 637,441 |
| Debtors | -25,539 | -989,466 | -1,973,449 | 2,977,506 | -1,071,705 | 115,701 | 19,658 | 958,840 | 4,299 | 1,413 |
| Creditors | 0 | 0 | -5,067,219 | 5,067,219 | -15,000 | -1 | 15,001 | 0 | 0 | 0 |
| Accruals and Deferred Income | 447,126 | -1,016,724 | 4,904,907 | -2,376,013 | 137,422 | -1,400,572 | 356,113 | 1,336,319 | 1,295,203 | 651,528 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -33,225 | -155,637 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | -1,324,765 | 1,324,765 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,122,146 | 1,377,003 | 231,151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -5,550 | -937 | 0 | 0 | ||||||
| cash flow from financing | -37,550 | -937 | 0 | 2 | ||||||
| cash and cash equivalents | ||||||||||
| cash | -20,931 | 19,742 | 4,226 | -7,991 | -64,870 | 61,094 | -70,775 | -156,574 | 228,100 | 11,016 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -20,931 | 19,742 | 4,226 | -7,991 | -64,870 | 61,094 | -70,775 | -156,574 | 228,100 | 11,016 |
character developments limited Credit Report and Business Information
Character Developments Limited Competitor Analysis
Perform a competitor analysis for character developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in WD3 area or any other competitors across 12 key performance metrics.
character developments limited Ownership
CHARACTER DEVELOPMENTS LIMITED group structure
Character Developments Limited has 2 subsidiary companies.
Ultimate parent company
CHARACTER DEVELOPMENTS LIMITED
08418377
2 subsidiaries
character developments limited directors
Character Developments Limited currently has 3 directors. The longest serving directors include Mrs Nina Bhandari (Feb 2013) and Mrs Rhea Ohnacker (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Nina Bhandari | England | 65 years | Feb 2013 | - | Director |
| Mrs Rhea Ohnacker | England | 36 years | Feb 2013 | - | Director |
| Mr Vinod Bhandari | 71 years | Oct 2016 | - | Director |
P&L
February 2023turnover
8.2m
+23%
operating profit
1.4m
0%
gross margin
25.9%
+5.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
1.1m
-36.27%
total assets
6m
+0.09%
cash
3k
-0.87%
net assets
Total assets minus all liabilities
character developments limited company details
company number
08418377
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
newlands chorleywood road, rickmansworth, hertfordshire, WD3 4EP
Bank
-
Legal Advisor
-
character developments 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 1 charges/mortgages relating to character developments limited. Currently there are 0 open charges and 1 have been satisfied in the past.
character developments limited 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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character developments limited Companies House Filings - See Documents
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