new tec properties ltd
new tec properties ltd Company Information
Company Number
08677501
Website
-Registered Address
50 gaysham avenue, ilford, IG2 6TJ
Industry
Development of building projects
Telephone
-
Next Accounts Due
7 days late
Group Structure
View All
Directors
Thirth Bassi10 Years
Shareholders
thirth bassi 34%
sukhjot bassi 33%
View Allnew tec properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TEC PROPERTIES LTD at £140.3k based on a Turnover of £444.6k and 0.32x industry multiple (adjusted for size and gross margin).
new tec properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TEC PROPERTIES LTD at £31.7k based on an EBITDA of £12.8k and a 2.47x industry multiple (adjusted for size and gross margin).
new tec properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TEC PROPERTIES LTD at £45.8k based on Net Assets of £34.4k and 1.33x industry multiple (adjusted for liquidity).
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New Tec Properties Ltd Overview
New Tec Properties Ltd is a live company located in ilford, IG2 6TJ with a Companies House number of 08677501. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2013, it's largest shareholder is thirth bassi with a 34% stake. New Tec Properties Ltd is a established, micro sized company, Pomanda has estimated its turnover at £444.6k with rapid growth in recent years.
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New Tec Properties Ltd Health Check
Pomanda's financial health check has awarded New Tec Properties Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £444.6k, make it smaller than the average company (£2m)
- New Tec Properties Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 165%, show it is growing at a faster rate (1.3%)
- New Tec Properties Ltd
1.3% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (24.5%)
- New Tec Properties Ltd
24.5% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (11.5%)
- New Tec Properties Ltd
11.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - New Tec Properties Ltd
6 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)
- New Tec Properties Ltd
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £148.2k, this is less efficient (£275k)
- New Tec Properties Ltd
£275k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (31 days)
- New Tec Properties Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 248 days, this is slower than average (31 days)
- New Tec Properties Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 402 days, this is more than average (185 days)
- New Tec Properties Ltd
185 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - New Tec Properties Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.5%, this is a higher level of debt than the average (74.5%)
92.5% - New Tec Properties Ltd
74.5% - Industry AVG
NEW TEC PROPERTIES LTD financials
New Tec Properties Ltd's latest turnover from September 2022 is estimated at £444.6 thousand and the company has net assets of £34.4 thousand. According to their latest financial statements, New Tec Properties Ltd has 3 employees and maintains cash reserves of £11.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,000 | 24,000 | 21,901 | 8,659 | 8,800 | 334,889 | |||
| Other Income Or Grants | 0 | ||||||||
| Cost Of Sales | 287,362 | ||||||||
| Gross Profit | 47,527 | ||||||||
| Admin Expenses | 22,502 | ||||||||
| Operating Profit | 20,009 | 18,863 | 16,908 | 1,071 | 2,403 | 25,025 | |||
| Interest Payable | 5,858 | 5,549 | 4,973 | 6,095 | 6,840 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 14,151 | 13,314 | 11,935 | -5,024 | -4,437 | 22,106 | |||
| Tax | -2,689 | -2,530 | -1,279 | 0 | 863 | -4,421 | |||
| Profit After Tax | 11,462 | 10,784 | 10,656 | -5,024 | -3,574 | 17,685 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 11,462 | 10,784 | 10,656 | -5,024 | -3,574 | 17,685 | |||
| Employee Costs | |||||||||
| Number Of Employees | 3 | 3 | |||||||
| EBITDA* | 20,009 | 18,863 | 16,908 | 1,071 | 2,403 | 25,025 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 443,374 | 443,374 | 443,374 | 443,374 | 443,374 | 443,374 | 428,750 | 360,554 | 0 |
| Trade Debtors | 808 | 808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 11,361 | 25,039 | 45,967 | 32,644 | 18,315 | 2,287 | 19,172 | 93,177 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 863 | 0 | 0 | 0 |
| total current assets | 455,543 | 469,221 | 489,341 | 476,018 | 461,689 | 446,524 | 447,922 | 453,731 | 0 |
| total assets | 455,543 | 469,221 | 489,341 | 476,018 | 461,689 | 446,524 | 447,922 | 453,731 | 0 |
| Bank overdraft | 0 | 0 | 30,000 | 30,000 | 30,000 | 30,000 | 0 | 30,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 274,189 | 298,599 | 0 | 0 | 0 | 0 | 286,736 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 259,562 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 270,277 | 268,416 | 264,871 | 800 | 0 | 258,971 | 0 |
| total current liabilities | 274,189 | 298,599 | 300,277 | 298,416 | 294,871 | 290,362 | 286,736 | 288,971 | 0 |
| loans | 0 | 0 | 146,975 | 146,975 | 146,975 | 146,975 | 0 | 146,975 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 146,975 | 146,975 | 0 | 0 | 0 | 0 | 146,975 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 146,975 | 146,975 | 146,975 | 146,975 | 146,975 | 146,975 | 146,975 | 146,975 | 0 |
| total liabilities | 421,164 | 445,574 | 447,252 | 445,391 | 441,846 | 437,337 | 433,711 | 435,946 | 0 |
| net assets | 34,379 | 23,647 | 42,089 | 30,627 | 19,843 | 9,187 | 14,211 | 17,785 | 0 |
| total shareholders funds | 34,379 | 23,647 | 42,089 | 30,627 | 19,843 | 9,187 | 14,211 | 17,785 | 0 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 20,009 | 18,863 | 16,908 | 1,071 | 2,403 | 25,025 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -2,689 | -2,530 | -1,279 | 0 | 863 | -4,421 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 14,624 | 68,196 | 360,554 | 0 |
| Debtors | 0 | 808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -24,410 | 298,599 | 0 | 0 | 0 | -286,736 | 286,736 | 0 | 0 |
| Accruals and Deferred Income | 0 | -270,277 | 1,861 | 3,545 | 264,071 | 800 | -258,971 | 258,971 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 19,181 | 19,878 | 279,700 | -299,489 | -37,165 | -80,979 | |||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -259,562 | 259,562 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -146,975 | 0 | 0 | 0 | 146,975 | -146,975 | 146,975 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 146,975 | 0 | 0 | 0 | -146,975 | 146,975 | 0 | 0 |
| share issue | |||||||||
| interest | -5,858 | -5,549 | -4,973 | -6,095 | -6,840 | 0 | |||
| cash flow from financing | -5,858 | -5,549 | -264,535 | 253,467 | -6,840 | 147,075 | |||
| cash and cash equivalents | |||||||||
| cash | -13,678 | -20,928 | 13,323 | 14,329 | 16,028 | -16,885 | -74,005 | 93,177 | 0 |
| overdraft | 0 | -30,000 | 0 | 0 | 0 | 30,000 | -30,000 | 30,000 | 0 |
| change in cash | -13,678 | 9,072 | 13,323 | 14,329 | 16,028 | -46,885 | -44,005 | 63,177 | 0 |
new tec properties ltd Credit Report and Business Information
New Tec Properties Ltd Competitor Analysis
Perform a competitor analysis for new tec properties ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
new tec properties ltd Ownership
NEW TEC PROPERTIES LTD group structure
New Tec Properties Ltd has no subsidiary companies.
Ultimate parent company
NEW TEC PROPERTIES LTD
08677501
new tec properties ltd directors
New Tec Properties Ltd currently has 1 director, Mr Thirth Bassi serving since Sep 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thirth Bassi | England | 55 years | Sep 2013 | - | Director |
P&L
September 2022turnover
444.6k
-6%
operating profit
12.8k
0%
gross margin
9.6%
+14.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
34.4k
+0.45%
total assets
455.5k
-0.03%
cash
11.4k
-0.55%
net assets
Total assets minus all liabilities
Similar Companies
new tec properties ltd company details
company number
08677501
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2013
age
11
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
50 gaysham avenue, ilford, IG2 6TJ
last accounts submitted
September 2022
new tec properties ltd 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 new tec properties ltd.
new tec properties ltd Companies House Filings - See Documents
| date | description | view/download |
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