letting complete limited

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letting complete limited Company Information

Share LETTING COMPLETE LIMITED

Company Number

08583024

Directors

Peter Child

Jason Upton

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Shareholders

the original property services wakefield limited

michael aspinall

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Group Structure

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Industry

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

 

Registered Address

10 cliff parade, wakefield, west yorkshire, WF1 2TA

letting complete limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of LETTING COMPLETE LIMITED at £3.2m based on a Turnover of £942.2k and 3.37x industry multiple (adjusted for size and gross margin).

letting complete limited Estimated Valuation

£347.1k

Pomanda estimates the enterprise value of LETTING COMPLETE LIMITED at £347.1k based on an EBITDA of £52.7k and a 6.59x industry multiple (adjusted for size and gross margin).

letting complete limited Estimated Valuation

£0

Pomanda estimates the enterprise value of LETTING COMPLETE LIMITED at £0 based on Net Assets of £-57.8k and 1.75x industry multiple (adjusted for liquidity).

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Letting Complete Limited Overview

Letting Complete Limited is a live company located in west yorkshire, WF1 2TA with a Companies House number of 08583024. 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 the original property services wakefield limited with a 72% stake. Letting Complete Limited is a established, small sized company, Pomanda has estimated its turnover at £942.2k with high growth in recent years.

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Letting Complete Limited Health Check

Pomanda's financial health check has awarded Letting Complete Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £942.2k, make it in line with the average company (£965.5k)

£942.2k - Letting Complete Limited

£965.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.6%)

20% - Letting Complete Limited

5.6% - Industry AVG

production

Production

with a gross margin of 72.6%, this company has a comparable cost of product (72.6%)

72.6% - Letting Complete Limited

72.6% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it less profitable than the average company (28.4%)

4.8% - Letting Complete Limited

28.4% - Industry AVG

employees

Employees

with 9 employees, this is above the industry average (4)

9 - Letting Complete Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)

£33.5k - Letting Complete Limited

£33.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £104.7k, this is less efficient (£192.2k)

£104.7k - Letting Complete Limited

£192.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is near the average (31 days)

26 days - Letting Complete Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 138 days, this is slower than average (37 days)

138 days - Letting Complete Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Letting Complete Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (10 weeks)

15 weeks - Letting Complete Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 111%, this is a higher level of debt than the average (69.1%)

111% - Letting Complete Limited

69.1% - Industry AVG

LETTING COMPLETE LIMITED financials

EXPORTms excel logo

Letting Complete Limited's latest turnover from June 2024 is estimated at £942.2 thousand and the company has net assets of -£57.8 thousand. According to their latest financial statements, Letting Complete Limited has 9 employees and maintains cash reserves of £160.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Turnover942,152770,456783,960541,017390,3922,067,3571,124,069623,84623,04013,65766,755
Other Income Or Grants
Cost Of Sales258,628209,092217,997156,867108,641610,251285,113155,5586,2304,64623,878
Gross Profit683,525561,364565,963384,151281,7511,457,105838,956468,28816,8109,01242,877
Admin Expenses638,756505,263735,534401,260264,7041,431,184819,567467,05515,7707,49942,818
Operating Profit44,76956,101-169,571-17,10917,04725,92119,3891,2331,0401,51359
Interest Payable4,2544,7943,7963,3621,593
Interest Receivable7,9328,5942,00516710732883713
Pre-Tax Profit48,44759,901-171,363-20,30515,56225,92119,3891,2651,1281,55072
Tax-12,112-14,975-2,957-4,925-3,684-240-225-310-15
Profit After Tax36,33544,926-171,363-20,30512,60520,99615,7051,0259021,24057
Dividends Paid
Retained Profit36,33544,926-171,363-20,30512,60520,99615,7051,0259021,24057
Employee Costs301,438311,946424,873331,885252,747395,679214,612128,57426,27626,33325,051
Number Of Employees910141291485111
EBITDA*52,65164,160-156,854-3,94117,04725,92119,3891,2331,1271,615179

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Tangible Assets45,94953,31561,37474,09120,1903,6812,574417491578680
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets45,94953,31561,37474,09120,1903,6812,574417491578680
Stock & work in progress
Trade Debtors68,93943,40622,98916,0783,000231,992127,58167,4696145936,198
Group Debtors198,252151,80951,662133,80617,916
Misc Debtors52,90078,138105,27821,50816,2171,012
Cash160,322141,846201,917118,803214,53225,6259,4375,315
misc current assets810258
total current assets480,413415,199381,846290,195251,665233,004128,39167,72726,23910,03011,513
total assets526,362468,514443,220364,286271,855236,685130,96568,14426,73010,60812,193
Bank overdraft8,0202,220
Bank loan
Trade Creditors 97,95469,14593,4408,84712,09178,28361,66420,01924,4319,21312,135
Group/Directors Accounts120,879100,61999,282
other short term finances
hp & lease commitments
other current liabilities330,132352,407342,833265,094154,914
total current liabilities548,965522,171535,555281,961169,22578,28361,66420,01924,4319,21312,135
loans35,17440,45546,70350,00050,000
hp & lease commitments
Accruals and Deferred Income118,47750,37244,901
other liabilities
provisions
total long term liabilities35,17440,45546,70350,00050,000118,47750,37244,901
total liabilities584,139562,626582,258331,961219,225196,760112,03664,92024,4319,21312,135
net assets-57,777-94,112-139,03832,32552,63039,92518,9293,2242,2991,39558
total shareholders funds-57,777-94,112-139,03832,32552,63039,92518,9293,2242,2991,39558
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Operating Activities
Operating Profit44,76956,101-169,571-17,10917,04725,92119,3891,2331,0401,51359
Depreciation7,8828,05912,71713,16887102120
Amortisation
Tax-12,112-14,975-2,957-4,925-3,684-240-225-310-15
Stock
Debtors46,73893,4248,537134,259-195,871105,42360,11266,85521-5,6056,198
Creditors28,809-24,29584,593-3,244-66,19216,61941,645-4,41215,218-2,92212,135
Accruals and Deferred Income-22,2759,57477,739110,18036,43768,1055,47144,901
Deferred Taxes & Provisions
Cash flow from operations335-58,960-3,059-31,264180,2062972,709-25,37316,0993,9886,101
Investing Activities
capital expenditure-516-67,069-16,509-1,107-2,15774-800
Change in Investments
cash flow from investments-516-67,069-16,509-1,107-2,15774-800
Financing Activities
Bank loans
Group/Directors Accounts20,2601,33799,282
Other Short Term Loans
Long term loans-5,281-6,248-3,29750,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue100-1002971
interest3,6783,800-1,791-3,195-1,48632883713
cash flow from financing18,657-1,11194,194-3,19548,614-689013414
cash and cash equivalents
cash18,476-60,07183,114-95,729214,532-25,62516,1884,1225,315
overdraft-8,0205,8002,220
change in cash18,476-60,07191,134-101,529212,312-25,62516,1884,1225,315

letting complete limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Letting Complete Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for letting complete limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WF1 area or any other competitors across 12 key performance metrics.

letting complete limited Ownership

LETTING COMPLETE LIMITED group structure

Letting Complete Limited has no subsidiary companies.

Ultimate parent company

1 parent

LETTING COMPLETE LIMITED

08583024

LETTING COMPLETE LIMITED Shareholders

the original property services wakefield limited 72%
michael aspinall 16%
kirsty child 6%
gary johnston 6%

letting complete limited directors

Letting Complete Limited currently has 3 directors. The longest serving directors include Mr Peter Child (Aug 2018) and Mr Jason Upton (Mar 2020).

officercountryagestartendrole
Mr Peter ChildEngland56 years Aug 2018- Director
Mr Jason UptonUnited Kingdom38 years Mar 2020- Director
Mrs Karen NightingaleEngland56 years Jul 2022- Director

P&L

June 2024

turnover

942.2k

+22%

operating profit

44.8k

0%

gross margin

72.6%

-0.43%

turnover

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

Balance Sheet

June 2024

net assets

-57.8k

-0.39%

total assets

526.4k

+0.12%

cash

160.3k

+0.13%

net assets

Total assets minus all liabilities

letting complete limited company details

company number

08583024

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

age

12

incorporated

UK

accounts

Total Exemption Full

last accounts submitted

June 2024

previous names

one heritage letting limited (July 2022)

letting complete ltd (April 2020)

accountant

STREETS ANDREW WRIGHT

auditor

-

address

10 cliff parade, wakefield, west yorkshire, WF1 2TA

Bank

-

Legal Advisor

-

letting complete 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 did not find charges/mortgages relating to letting complete limited.

letting complete 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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letting complete limited Companies House Filings - See Documents

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