Sykes Letting Solutions Limited

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sykes letting solutions limited Company Information

Live

EstablishedMicro

Company Number

08545249

Website

Registered Address

the white house rareridge lane, bishops waltham, hampshire, SO32 1DX

Industry

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

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Colleen Sykes11 Years

Carl Sykes11 Years

Shareholders

jacob thane thomas sykes 25%

carl david sykes 25%

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sykes letting solutions limited Estimated Valuation

£981.6k

Pomanda estimates the enterprise value of SYKES LETTING SOLUTIONS LIMITED at £981.6k based on Net Assets of £605.9k and 1.62x industry multiple (adjusted for liquidity).

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Sykes Letting Solutions Limited is a live company located in hampshire, SO32 1DX with a Companies House number of 08545249. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2013, it's largest shareholder is jacob thane thomas sykes with a 25% stake. Sykes Letting Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £130k with unknown growth in recent years.

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Pomanda's financial health check has awarded Sykes Letting Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £130k, make it smaller than the average company (£891.2k)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Sykes Letting Solutions Limited's latest turnover from March 2024 is estimated at £130 thousand and the company has net assets of £605.9 thousand. According to their latest financial statements, we estimate that Sykes Letting Solutions Limited has 1 employee and maintains cash reserves of £18.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Turnover	130,013	19,664	17,932	0	0	0	0	0	0	48,324	44,565
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	27,447	4,831	5,064	0	0	0	0	0	0	16,638	15,902
Gross Profit	102,566	14,834	12,867	0	0	0	0	0	0	31,685	28,663
Admin Expenses	37,247	-22,266	-361,008	-78,706	-111,513	-42,825	-16,377	-17,656	-41,997	-27,052	-35,380
Operating Profit	65,319	37,100	373,875	78,706	111,513	42,825	16,377	17,656	41,997	58,737	64,043
Interest Payable	34,087	36,833	27,774	14,108	4,196	5,040	5,556	5,912	7,361	9,961	5,712
Interest Receivable	789	385	51	4	3	16	17	7	12	11	4
Pre-Tax Profit	32,021	652	346,152	64,602	107,320	37,801	10,838	11,752	34,648	48,788	58,335
Tax	-8,005	-124	-65,769	-12,274	-20,391	-7,182	-2,059	-2,233	-6,929	-9,757	-12,250
Profit After Tax	24,016	528	280,383	52,328	86,929	30,619	8,779	9,519	27,718	39,030	46,085
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	24,016	528	280,383	52,328	86,929	30,619	8,779	9,519	27,718	39,030	46,085
Employee Costs	32,566	30,377	29,908	0	0	0	0	0	0	26,113	25,000
Number Of Employees	1	1	1	0	0	0	0	0	0	1	1
EBITDA*	68,305	39,470	376,954	79,039	111,679	43,020	21,338	22,636	46,907	63,654	67,664

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Tangible Assets	18,474	17,306	18,586	11,072	938	1,104	215,449	220,410	224,618	229,528	234,146
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,365,000	1,375,000	1,375,000	927,761	325,000	236,619	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,383,474	1,392,306	1,393,586	938,833	325,938	237,723	215,449	220,410	224,618	229,528	234,146
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	14,240	1,617	1,798	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	4,437	11,020	5,713	0	0	0	0	350	0	0
Cash	18,848	12,712	5,399	4,720	3,724	1,853	2,520	4,140	1,774	2,882	1,465
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	33,088	18,766	18,217	10,433	3,724	1,853	2,520	4,140	2,124	2,882	1,465
total assets	1,416,562	1,411,072	1,411,803	949,266	329,662	239,576	217,969	224,550	226,742	232,410	235,611
Bank overdraft	0	0	0	0	0	0	3,428	3,026	0	0	0
Bank loan	0	0	0	0	1,885	2,658	0	0	0	0	0
Trade Creditors	13,795	9,077	5,728	0	0	0	0	0	0	16,548	13,779
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	340,512	337,742	333,501	231,243	4,208	6,011	9,321	8,766	18,162	0	0
total current liabilities	354,307	346,819	339,229	231,243	6,093	8,669	12,749	11,792	18,162	16,548	13,779
loans	297,831	321,924	396,773	396,773	63,885	69,153	74,085	90,402	95,743	130,743	175,743
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	66,000	66,000	0	0	0	0	0	0	0	0	0
provisions	92,486	94,407	94,407	20,239	11,001	0	0	0	0	0	0
total long term liabilities	456,317	482,331	491,180	417,012	74,886	69,153	74,085	90,402	95,743	130,743	175,743
total liabilities	810,624	829,150	830,409	648,255	80,979	77,822	86,834	102,194	113,905	147,291	189,522
net assets	605,938	581,922	581,394	301,011	248,683	161,754	131,135	122,356	112,837	85,119	46,089
total shareholders funds	605,938	581,922	581,394	301,011	248,683	161,754	131,135	122,356	112,837	85,119	46,089

	Mar 2024	Mar 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Operating Activities
Operating Profit	65,319	37,100	373,875	78,706	111,513	42,825	16,377	17,656	41,997	58,737	64,043
Depreciation	2,986	2,370	3,079	333	166	195	4,961	4,980	4,910	4,917	3,621
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,005	-124	-65,769	-12,274	-20,391	-7,182	-2,059	-2,233	-6,929	-9,757	-12,250
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	8,186	-6,764	7,105	5,713	0	0	0	-350	350	0	0
Creditors	4,718	3,349	5,728	0	0	0	0	0	-16,548	2,769	13,779
Accruals and Deferred Income	2,770	4,241	102,258	227,035	-1,803	-3,310	555	-9,396	18,162	0	0
Deferred Taxes & Provisions	-1,921	0	74,168	9,238	11,001	0	0	0	0	0	0
Cash flow from operations	57,681	53,700	486,234	297,325	100,486	32,528	19,834	11,357	41,242	56,666	69,193
Investing Activities
capital expenditure	-4,154	-1,090	-10,593	-10,467	0	214,150	0	-772	0	-299	-237,767
Change in Investments	-10,000	0	447,239	602,761	88,381	236,619	0	0	0	0	0
cash flow from investments	5,846	-1,090	-457,832	-613,228	-88,381	-22,469	0	-772	0	-299	-237,767
Financing Activities
Bank loans	0	0	0	-1,885	-773	2,658	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	-24,093	-74,849	0	332,888	-5,268	-4,932	-16,317	-5,341	-35,000	-45,000	175,743
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	66,000	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	4
interest	-33,298	-36,448	-27,723	-14,104	-4,193	-5,024	-5,539	-5,905	-7,349	-9,950	-5,708
cash flow from financing	-57,391	-45,297	-27,723	316,899	-10,234	-7,298	-21,856	-11,246	-42,349	-54,950	170,039
cash and cash equivalents
cash	6,136	7,313	679	996	1,871	-667	-1,620	2,366	-1,108	1,417	1,465
overdraft	0	0	0	0	0	-3,428	402	3,026	0	0	0
change in cash	6,136	7,313	679	996	1,871	2,761	-2,022	-660	-1,108	1,417	1,465

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sykes letting solutions limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SO32 area or any other competitors across 12 key performance metrics.

SYKES LETTING SOLUTIONS LIMITED group structure

Sykes Letting Solutions Limited has no subsidiary companies.

Ultimate parent company

SYKES LETTING SOLUTIONS LIMITED

08545249

SYKES LETTING SOLUTIONS LIMITED Shareholders

jacob thane thomas sykes	25%
carl david sykes	25%
hannah margaret mcmeeking	25%
colleen sykes	25%

Sykes Letting Solutions Limited currently has 2 directors. The longest serving directors include Mrs Colleen Sykes (May 2013) and Mr Carl Sykes (May 2013).

officer	country	age	start	end	role
Mrs Colleen Sykes		58 years	May 2013	-	Director
Mr Carl Sykes	England	54 years	May 2013	-	Director

P&L

March 2024

turnover

130k

+561%

operating profit

65.3k

gross margin

78.9%

+4.58%

turnover

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

Balance Sheet

March 2024

net assets

605.9k

+0.04%

total assets

1.4m

cash

18.8k

+0.48%

net assets

Total assets minus all liabilities

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company number

08545249

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

May 2013

ultimate parent company

None

previous names

N/A

address

the white house rareridge lane, bishops waltham, hampshire, SO32 1DX

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 2 charges/mortgages relating to sykes letting solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

sykes letting solutions limited Company Information

sykes letting solutions limited Estimated Valuation

sykes letting solutions limited Estimated Valuation

sykes letting solutions limited Estimated Valuation

Sykes Letting Solutions Limited Overview

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