turnpine limited
turnpine limited Company Information
Company Number
08430528
Next Accounts
Dec 2024
Industry
Buying and selling of own real estate
Shareholders
rebecca shasha
sarah shasha
View AllGroup Structure
View All
Contact
Registered Address
68 grafton way, london, W1T 5DS
Website
-turnpine limited Estimated Valuation
Pomanda estimates the enterprise value of TURNPINE LIMITED at £1.6m based on a Turnover of £613.4k and 2.69x industry multiple (adjusted for size and gross margin).
turnpine limited Estimated Valuation
Pomanda estimates the enterprise value of TURNPINE LIMITED at £1.9m based on an EBITDA of £307.6k and a 6.13x industry multiple (adjusted for size and gross margin).
turnpine limited Estimated Valuation
Pomanda estimates the enterprise value of TURNPINE LIMITED at £453k based on Net Assets of £281.2k and 1.61x industry multiple (adjusted for liquidity).
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Turnpine Limited Overview
Turnpine Limited is a live company located in london, W1T 5DS with a Companies House number of 08430528. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2013, it's largest shareholder is rebecca shasha with a 16.7% stake. Turnpine Limited is a established, small sized company, Pomanda has estimated its turnover at £613.4k with high growth in recent years.
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Turnpine Limited Health Check
Pomanda's financial health check has awarded Turnpine Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £613.4k, make it smaller than the average company (£894.4k)
- Turnpine Limited
£894.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2.1%)
- Turnpine Limited
2.1% - Industry AVG
Production
with a gross margin of 66.7%, this company has a comparable cost of product (66.7%)
- Turnpine Limited
66.7% - Industry AVG
Profitability
an operating margin of 50.1% make it more profitable than the average company (36.3%)
- Turnpine Limited
36.3% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Turnpine Limited
4 - Industry AVG
Pay Structure
on an average salary of £36k, the company has an equivalent pay structure (£36k)
- Turnpine Limited
£36k - Industry AVG
Efficiency
resulting in sales per employee of £153.4k, this is less efficient (£202.8k)
- Turnpine Limited
£202.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Turnpine Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Turnpine Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 3825 days, this is more than average (424 days)
- Turnpine Limited
424 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Turnpine Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.5%, this is a higher level of debt than the average (63.6%)
97.5% - Turnpine Limited
63.6% - Industry AVG
TURNPINE LIMITED financials
Turnpine Limited's latest turnover from March 2023 is estimated at £613.4 thousand and the company has net assets of £281.2 thousand. According to their latest financial statements, we estimate that Turnpine Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,025 | |||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | |||||||||
| Interest Receivable | 0 | |||||||||
| Pre-Tax Profit | 5,195 | |||||||||
| Tax | -1,111 | |||||||||
| Profit After Tax | 4,084 | |||||||||
| Dividends Paid | 0 | |||||||||
| Retained Profit | 4,084 | |||||||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 6,532,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,532,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 2,142,784 | 2,142,784 | 2,105,128 | 2,105,128 | 4,089,282 | 3,921,358 | 4,322,664 | 4,307,643 | 4,108,745 | 386,286 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,626 | 0 |
| Group Debtors | 2,427,352 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 158,866 | 147,494 | 111,605 | 714,938 | 59,187 | 339,133 | 86,831 | 114,109 | 0 | 1,853 |
| Cash | 0 | 0 | 22 | 25 | 56 | 180 | 38 | 261 | 383 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,729,002 | 2,290,278 | 2,216,755 | 2,820,091 | 4,148,525 | 4,260,671 | 4,409,533 | 4,422,013 | 4,209,754 | 388,139 |
| total assets | 11,261,502 | 2,290,278 | 2,216,755 | 2,820,091 | 4,148,525 | 4,260,671 | 4,409,533 | 4,422,013 | 4,209,754 | 388,139 |
| Bank overdraft | 0 | 0 | 0 | 0 | 2,761,375 | 2,761,375 | 2,263,250 | 2,263,250 | 0 | 0 |
| Bank loan | 0 | 0 | 1,376,768 | 1,376,768 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,254,702 | 383,935 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 1,376,838 | 1,376,838 | 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 | 1,164,856 | 876,474 | 804,130 | 1,382,744 | 5,793 | 1,402,367 | 2,143,359 | 2,158,637 | 0 | 0 |
| total current liabilities | 1,164,856 | 876,474 | 2,180,898 | 2,759,512 | 4,144,006 | 4,163,742 | 4,406,609 | 4,421,887 | 4,254,702 | 383,935 |
| 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 | 9,815,426 | 1,381,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,815,426 | 1,381,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,980,282 | 2,258,250 | 2,180,898 | 2,759,512 | 4,144,006 | 4,163,742 | 4,406,609 | 4,421,887 | 4,254,702 | 383,935 |
| net assets | 281,220 | 32,028 | 35,857 | 60,579 | 4,519 | 96,929 | 2,924 | 126 | -44,948 | 4,204 |
| total shareholders funds | 281,220 | 32,028 | 35,857 | 60,579 | 4,519 | 96,929 | 2,924 | 126 | -44,948 | 4,204 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,111 | |||||||||
| Stock | 0 | 37,656 | 0 | -1,984,154 | 167,924 | -401,306 | 15,021 | 198,898 | 3,722,459 | 386,286 |
| Debtors | 2,438,724 | 35,889 | -603,333 | 655,751 | -279,946 | 252,302 | -27,278 | 13,483 | 98,773 | 1,853 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,254,702 | 3,870,767 | 383,935 |
| Accruals and Deferred Income | 288,382 | 72,344 | -578,614 | 1,376,951 | -1,396,574 | -740,992 | -15,278 | 2,158,637 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 6,532,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | -1,376,768 | 0 | 1,376,768 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -1,376,838 | 0 | 1,376,838 | 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 | 8,433,650 | 1,381,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | |||||||||
| cash flow from financing | 120 | |||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | -22 | -3 | -31 | -124 | 142 | -223 | -122 | 383 | 0 |
| overdraft | 0 | 0 | 0 | -2,761,375 | 0 | 498,125 | 0 | 2,263,250 | 0 | 0 |
| change in cash | 0 | -22 | -3 | 2,761,344 | -124 | -497,983 | -223 | -2,263,372 | 383 | 0 |
turnpine limited Credit Report and Business Information
Turnpine Limited Competitor Analysis
Perform a competitor analysis for turnpine limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1T area or any other competitors across 12 key performance metrics.
turnpine limited Ownership
TURNPINE LIMITED group structure
Turnpine Limited has 1 subsidiary company.
turnpine limited directors
Turnpine Limited currently has 2 directors. The longest serving directors include Mr Elan Shasha (Apr 2013) and Mr Maurice Shasha (Apr 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Elan Shasha | 65 years | Apr 2013 | - | Director | |
| Mr Maurice Shasha | United Kingdom | 36 years | Apr 2013 | - | Director |
P&L
March 2023turnover
613.4k
+16%
operating profit
307.6k
0%
gross margin
66.7%
+0.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
281.2k
+7.78%
total assets
11.3m
+3.92%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
turnpine limited company details
company number
08430528
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
March 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
68 grafton way, london, W1T 5DS
Bank
-
Legal Advisor
-
turnpine 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 8 charges/mortgages relating to turnpine limited. Currently there are 2 open charges and 6 have been satisfied in the past.
turnpine 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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turnpine limited Companies House Filings - See Documents
| date | description | view/download |
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