Nine Developments Limited

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nine developments limited Company Information

Live

EstablishedSmallRapid

Company Number

08566780

Next Accounts

95 days late

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

Ranabhai Karavadara

Shareholders

vivek chadha

Group Structure

View All

Contact

Registered Address

vivek house, 65-67 clarendon road, watford, WD17 1DS

Website

oneninedevelopments.com

nine developments limited Estimated Valuation

£12.1m

Pomanda estimates the enterprise value of NINE DEVELOPMENTS LIMITED at £12.1m based on a Turnover of £3.3m and 3.65x industry multiple (adjusted for size and gross margin).

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Nine Developments Limited is a live company located in watford, WD17 1DS with a Companies House number of 08566780. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2013, it's largest shareholder is vivek chadha with a 100% stake. Nine Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Nine Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £3.3m, make it larger than the average company (£870.4k)

Growth

3 year (CAGR) sales growth of 235%, show it is growing at a faster rate (1.3%)

EXPORT

Nine Developments Limited's latest turnover from December 2022 is estimated at £3.3 million and the company has net assets of -£903.4 thousand. According to their latest financial statements, we estimate that Nine Developments Limited has 18 employees and maintains cash reserves of £19.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Turnover	3,312,801	3,031,961	71,213	88,076	121,897	317,504	4,140,475	2,634,425	951,748	345
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	973,373	957,894	22,260	29,021	37,955	92,449	1,144,111	865,152	350,305	127
Gross Profit	2,339,428	2,074,067	48,953	59,055	83,943	225,055	2,996,364	1,769,274	601,443	218
Admin Expenses	2,347,155	2,866,755	-131,040	-187,436	-177,523	-30,459	2,885,322	1,765,306	624,933	240
Operating Profit	-7,727	-792,688	179,993	246,491	261,466	255,514	111,042	3,968	-23,490	-22
Interest Payable	219,820	144,645	140,761	156,120	160,691	166,708	83,696	0	0	0
Interest Receivable	736	72	27	78	17	132	126	250	125	0
Pre-Tax Profit	-226,811	-937,261	39,258	90,449	100,793	88,938	27,473	4,219	-23,365	-22
Tax	0	0	-7,459	-17,185	-19,151	-16,898	-5,494	-844	0	0
Profit After Tax	-226,811	-937,261	31,799	73,264	81,642	72,040	21,978	3,375	-23,365	-22
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-226,811	-937,261	31,799	73,264	81,642	72,040	21,978	3,375	-23,365	-22
Employee Costs	561,891	603,032	28,365	29,153	28,009	80,108	773,280	425,769	154,000	24,438
Number Of Employees	18	20	1	1	1	3	29	16	6	1
EBITDA*	-7,727	-792,688	179,993	246,491	261,466	255,514	111,042	3,968	-23,490	-22

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Tangible Assets	1,866,685	1,866,685	1,866,685	1,866,685	1,941,385	2,351,285	2,351,285	2,351,285	2,351,285	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	1,866,685	1,866,685	1,866,685	1,866,685	1,941,385	2,351,285	2,351,285	2,351,285	2,351,285	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	442,500	302,500	105,000	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,729,854	1,909,922	1,929,922	1,929,922	1,910,654	992,070	603,072	0	0	0
Cash	19,136	22,907	34,624	18,602	2,296	2,187	50,760	50,077	50,046	79
misc current assets	210,906	157,616	0	0	0	18,441	441	0	0	0
total current assets	1,959,896	2,090,445	1,964,546	1,948,524	1,912,950	1,012,698	1,096,773	352,577	155,046	79
total assets	3,826,581	3,957,130	3,831,231	3,815,209	3,854,335	3,363,983	3,448,058	2,703,862	2,506,331	79
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	1,054,772	1,047,148	21,024	21,024	35,605	106,676	83,686	16,691	22,619	100
Group/Directors Accounts	0	0	0	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	0	0	62,236	54,777	37,592	0	0	0	0	0
total current liabilities	1,054,772	1,047,148	83,260	75,801	73,197	106,676	83,686	16,691	22,619	100
loans	2,298,489	2,329,292	2,299,333	2,315,786	2,310,000	2,451,200	2,678,270	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	1,376,680	1,257,239	1,187,926	1,194,709	1,315,489	732,100	684,135	2,707,182	2,507,098	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	3,675,169	3,586,531	3,487,259	3,510,495	3,625,489	3,183,300	3,362,405	2,707,182	2,507,098	0
total liabilities	4,729,941	4,633,679	3,570,519	3,586,296	3,698,686	3,289,976	3,446,091	2,723,873	2,529,717	100
net assets	-903,360	-676,549	260,712	228,913	155,649	74,007	1,967	-20,011	-23,386	-21
total shareholders funds	-903,360	-676,549	260,712	228,913	155,649	74,007	1,967	-20,011	-23,386	-21

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013
Operating Activities
Operating Profit	-7,727	-792,688	179,993	246,491	261,466	255,514	111,042	3,968	-23,490	-22
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-7,459	-17,185	-19,151	-16,898	-5,494	-844	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-180,068	-20,000	0	19,268	918,584	-53,502	743,072	197,500	105,000	0
Creditors	7,624	1,026,124	0	-14,581	-71,071	22,990	66,995	-5,928	22,519	100
Accruals and Deferred Income	0	-62,236	7,459	17,185	37,592	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	179,965	191,200	179,993	212,642	-709,748	315,108	-570,529	-200,304	-105,971	78
Investing Activities
capital expenditure	0	0	0	74,700	409,900	0	0	0	-2,351,285	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	74,700	409,900	0	0	0	-2,351,285	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-30,803	29,959	-16,453	5,786	-141,200	-227,070	2,678,270	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	119,441	69,313	-6,783	-120,780	583,389	47,965	-2,023,047	200,084	2,507,098	0
share issue	0	0	0	0	0	0	0	0	0	1
interest	-219,084	-144,573	-140,734	-156,042	-160,674	-166,576	-83,570	250	125	0
cash flow from financing	-130,446	-45,301	-163,970	-271,036	281,515	-345,681	571,653	200,334	2,507,223	1
cash and cash equivalents
cash	-3,771	-11,717	16,022	16,306	109	-48,573	683	31	49,967	79
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-3,771	-11,717	16,022	16,306	109	-48,573	683	31	49,967	79

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NINE DEVELOPMENTS LIMITED group structure

Nine Developments Limited has no subsidiary companies.

Ultimate parent company

NINE DEVELOPMENTS LIMITED

08566780

NINE DEVELOPMENTS LIMITED Shareholders

vivek chadha

100%

Nine Developments Limited currently has 1 director, Mr Ranabhai Karavadara serving since Aug 2023.

officer	country	age	start	end	role
Mr Ranabhai Karavadara	United Kingdom	33 years	Aug 2023	-	Director

P&L

December 2022

turnover

3.3m

+9%

operating profit

-7.7k

gross margin

70.7%

+3.23%

turnover

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

Balance Sheet

December 2022

net assets

-903.4k

+0.34%

total assets

3.8m

-0.03%

cash

19.1k

-0.16%

net assets

Total assets minus all liabilities

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company number

08566780

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

June 2013

ultimate parent company

None

previous names

N/A

address

vivek house, 65-67 clarendon road, watford, WD17 1DS

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 6 charges/mortgages relating to nine developments limited. Currently there are 3 open charges and 3 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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nine developments limited Company Information

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nine developments limited Estimated Valuation

nine developments limited Estimated Valuation

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