joyce property development limited
joyce property development limited Company Information
Company Number
08659390
Website
-Registered Address
the old rectory, buckerell, EX14 3EJ
Industry
Development of building projects
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
stephen michael joyce 100%
joseph stewart joyce 0%
joyce property development limited Estimated Valuation
Pomanda estimates the enterprise value of JOYCE PROPERTY DEVELOPMENT LIMITED at £1.4m based on a Turnover of £2.4m and 0.57x industry multiple (adjusted for size and gross margin).
joyce property development limited Estimated Valuation
Pomanda estimates the enterprise value of JOYCE PROPERTY DEVELOPMENT LIMITED at £327.2k based on an EBITDA of £76.1k and a 4.3x industry multiple (adjusted for size and gross margin).
joyce property development limited Estimated Valuation
Pomanda estimates the enterprise value of JOYCE PROPERTY DEVELOPMENT LIMITED at £1.1m based on Net Assets of £693.8k and 1.55x industry multiple (adjusted for liquidity).
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Joyce Property Development Limited Overview
Joyce Property Development Limited is a live company located in buckerell, EX14 3EJ with a Companies House number of 08659390. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2013, it's largest shareholder is stephen michael joyce with a 100% stake. Joyce Property Development Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with rapid growth in recent years.
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Joyce Property Development Limited Health Check
Pomanda's financial health check has awarded Joyce Property Development Limited a 2.5 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
2 Strong
3 Regular
5 Weak
Size
annual sales of £2.4m, make it in line with the average company (£2.3m)
- Joyce Property Development Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (3.2%)
- Joyce Property Development Limited
3.2% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
- Joyce Property Development Limited
26.4% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (7.1%)
- Joyce Property Development Limited
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Joyce Property Development Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Joyce Property Development Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£282.5k)
- Joyce Property Development Limited
£282.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Joyce Property Development Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Joyce Property Development Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 734 days, this is more than average (162 days)
- Joyce Property Development Limited
162 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Joyce Property Development Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.8%, this is a higher level of debt than the average (74.8%)
82.8% - Joyce Property Development Limited
74.8% - Industry AVG
JOYCE PROPERTY DEVELOPMENT LIMITED financials
Joyce Property Development Limited's latest turnover from August 2023 is estimated at £2.4 million and the company has net assets of £693.8 thousand. According to their latest financial statements, Joyce Property Development Limited has 2 employees and maintains cash reserves of £5.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 646 | 627 | 339 | 512 | 260 | 0 | 555 | 2,720 | 4,885 | 7,050 |
| 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 | 646 | 627 | 339 | 512 | 260 | 0 | 555 | 2,720 | 4,885 | 7,050 |
| Stock & work in progress | 3,561,122 | 107,689 | 1,284,291 | 612,166 | 360,270 | 731,126 | 1,370,607 | 2,241,975 | 2,432,149 | 998,947 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1,641 | 0 | 47,788 | 24,643 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,502 | 8,236 | 2,042 | 2,237 | 735,248 | 23,779 | 0 | 502 | 0 | 0 |
| Cash | 5,481 | 1,943,158 | 548,845 | 2,039,191 | 504,493 | 843,617 | 51,046 | 20,917 | 102,488 | 60,757 |
| misc current assets | 470,000 | 470,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,042,105 | 2,529,083 | 1,835,178 | 2,653,594 | 1,600,011 | 1,598,522 | 1,423,294 | 2,263,394 | 2,582,425 | 1,084,347 |
| total assets | 4,042,751 | 2,529,710 | 1,835,517 | 2,654,106 | 1,600,271 | 1,598,522 | 1,423,849 | 2,266,114 | 2,587,310 | 1,091,397 |
| 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 | 0 | 0 | 0 | 0 | 21,764 | 1,589,903 | 1,091,396 |
| Group/Directors Accounts | 1,000,000 | 840,471 | 403,858 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 791,859 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 18,640 | 33,900 | 2,652 | 1,143,868 | 82,196 | 401,807 | 304,268 | 444,086 | 0 | 0 |
| total current liabilities | 1,018,640 | 874,371 | 406,510 | 1,143,868 | 1,082,196 | 401,807 | 304,268 | 1,257,709 | 1,589,903 | 1,091,396 |
| loans | 1,330,347 | 0 | 0 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 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 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,330,347 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 |
| total liabilities | 3,348,987 | 1,874,371 | 1,406,510 | 2,143,868 | 1,082,196 | 1,401,807 | 1,304,268 | 2,257,709 | 2,589,903 | 1,091,396 |
| net assets | 693,764 | 655,339 | 429,007 | 510,238 | 518,075 | 196,715 | 119,581 | 8,405 | -2,593 | 1 |
| total shareholders funds | 693,764 | 655,339 | 429,007 | 510,238 | 518,075 | 196,715 | 119,581 | 8,405 | -2,593 | 1 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 414 | 274 | 173 | 173 | 6 | 555 | 2,165 | 2,165 | 2,165 | 1,608 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 3,453,433 | -1,176,602 | 672,125 | 251,896 | -370,856 | -639,481 | -871,368 | -190,174 | 1,433,202 | 998,947 |
| Debtors | -2,734 | 6,194 | -195 | -733,011 | 711,469 | 22,138 | 1,139 | -47,286 | 23,145 | 24,643 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -21,764 | -1,568,139 | 498,507 | 1,091,396 |
| Accruals and Deferred Income | -15,260 | 31,248 | -1,141,216 | 1,061,672 | -319,611 | 97,539 | -139,818 | 444,086 | 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 | 0 | 0 | 0 | 0 | 0 | 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 | 159,529 | 436,613 | 403,858 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 0 | -791,859 | 791,859 | 0 | 0 |
| Long term loans | 1,330,347 | 0 | -1,000,000 | 1,000,000 | -1,000,000 | 0 | 0 | 1,000,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -1,937,677 | 1,394,313 | -1,490,346 | 1,534,698 | -339,124 | 792,571 | 30,129 | -81,571 | 41,731 | 60,757 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,937,677 | 1,394,313 | -1,490,346 | 1,534,698 | -339,124 | 792,571 | 30,129 | -81,571 | 41,731 | 60,757 |
joyce property development limited Credit Report and Business Information
Joyce Property Development Limited Competitor Analysis
Perform a competitor analysis for joyce property development limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EX14 area or any other competitors across 12 key performance metrics.
joyce property development limited Ownership
JOYCE PROPERTY DEVELOPMENT LIMITED group structure
Joyce Property Development Limited has no subsidiary companies.
Ultimate parent company
JOYCE PROPERTY DEVELOPMENT LIMITED
08659390
joyce property development limited directors
Joyce Property Development Limited currently has 2 directors. The longest serving directors include Mr Stephen Joyce (Aug 2013) and Mr Joseph Joyce (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Joyce | United Kingdom | 75 years | Aug 2013 | - | Director |
| Mr Joseph Joyce | United Kingdom | 36 years | Mar 2018 | - | Director |
P&L
August 2023turnover
2.4m
+480%
operating profit
75.7k
0%
gross margin
26.5%
+7.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
693.8k
+0.06%
total assets
4m
+0.6%
cash
5.5k
-1%
net assets
Total assets minus all liabilities
joyce property development limited company details
company number
08659390
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
FRANCIS CLARK LLP
auditor
-
address
the old rectory, buckerell, EX14 3EJ
Bank
-
Legal Advisor
-
joyce property development 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 4 charges/mortgages relating to joyce property development limited. Currently there are 1 open charges and 3 have been satisfied in the past.
joyce property development limited Companies House Filings - See Documents
| date | description | view/download |
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