lockhart developments limited
lockhart developments limited Company Information
Company Number
08727235
Website
-Registered Address
28 alexandra terrace, exmouth, devon, EX8 1BD
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
September 2024
Group Structure
View All
Shareholders
helen whiteford 50%
stuart william whiteford 50%
lockhart developments limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKHART DEVELOPMENTS LIMITED at £399.6k based on a Turnover of £126.5k and 3.16x industry multiple (adjusted for size and gross margin).
lockhart developments limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKHART DEVELOPMENTS LIMITED at £531.6k based on an EBITDA of £79.7k and a 6.67x industry multiple (adjusted for size and gross margin).
lockhart developments limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKHART DEVELOPMENTS LIMITED at £320.7k based on Net Assets of £323.9k and 0.99x industry multiple (adjusted for liquidity).
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Lockhart Developments Limited Overview
Lockhart Developments Limited is a live company located in devon, EX8 1BD with a Companies House number of 08727235. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2013, it's largest shareholder is helen whiteford with a 50% stake. Lockhart Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £126.5k with rapid growth in recent years.
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Lockhart Developments Limited Health Check
Pomanda's financial health check has awarded Lockhart Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £126.5k, make it smaller than the average company (£862.5k)
- Lockhart Developments Limited
£862.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (1.3%)
- Lockhart Developments Limited
1.3% - Industry AVG
Production
with a gross margin of 70.5%, this company has a comparable cost of product (70.5%)
- Lockhart Developments Limited
70.5% - Industry AVG
Profitability
an operating margin of 62.8% make it more profitable than the average company (34.3%)
- Lockhart Developments Limited
34.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Lockhart Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £31k, the company has an equivalent pay structure (£31k)
- Lockhart Developments Limited
£31k - Industry AVG
Efficiency
resulting in sales per employee of £126.5k, this is less efficient (£187.4k)
- Lockhart Developments Limited
£187.4k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (34 days)
- Lockhart Developments Limited
34 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Lockhart Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lockhart Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (13 weeks)
32 weeks - Lockhart Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.4%, this is a lower level of debt than the average (69.9%)
21.4% - Lockhart Developments Limited
69.9% - Industry AVG
LOCKHART DEVELOPMENTS LIMITED financials
Lockhart Developments Limited's latest turnover from December 2022 is estimated at £126.5 thousand and the company has net assets of £323.9 thousand. According to their latest financial statements, Lockhart Developments Limited has 1 employee and maintains cash reserves of £55.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 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 | 1 | 1 | 1 | 1 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 500 | 750 | 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 | 500 | 750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,888 | 39,542 | 0 | 445 | 0 | 0 | 0 | 2 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 347,264 | 361,432 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 55,496 | 21,560 | 443 | 0 | 0 | 0 | 0 | 443 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 411,648 | 422,534 | 445 | 445 | 0 | 0 | 0 | 445 | 0 |
| total assets | 412,148 | 423,284 | 445 | 445 | 0 | 0 | 0 | 445 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 425 | 0 | 0 | 0 | 425 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 88,146 | 164,809 | 425 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 88,146 | 164,809 | 425 | 425 | 0 | 0 | 0 | 425 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 88,241 | 164,809 | 425 | 425 | 0 | 0 | 0 | 425 | 0 |
| net assets | 323,907 | 258,475 | 20 | 20 | 0 | 0 | 0 | 20 | 0 |
| total shareholders funds | 323,907 | 258,475 | 20 | 20 | 0 | 0 | 0 | 20 | 0 |
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 250 | 250 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -44,822 | 400,972 | -443 | 445 | 0 | 0 | -2 | 2 | 0 |
| Creditors | 0 | 0 | -425 | 425 | 0 | 0 | -425 | 425 | 0 |
| Accruals and Deferred Income | -76,663 | 164,384 | 425 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 95 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 33,936 | 21,117 | 443 | 0 | 0 | 0 | -443 | 443 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 33,936 | 21,117 | 443 | 0 | 0 | 0 | -443 | 443 | 0 |
lockhart developments limited Credit Report and Business Information
Lockhart Developments Limited Competitor Analysis
Perform a competitor analysis for lockhart developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EX8 area or any other competitors across 12 key performance metrics.
lockhart developments limited Ownership
LOCKHART DEVELOPMENTS LIMITED group structure
Lockhart Developments Limited has no subsidiary companies.
Ultimate parent company
LOCKHART DEVELOPMENTS LIMITED
08727235
lockhart developments limited directors
Lockhart Developments Limited currently has 2 directors. The longest serving directors include Mr Stuart Whiteford (Oct 2013) and Mrs Helen Whiteford (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Whiteford | England | 43 years | Oct 2013 | - | Director |
| Mrs Helen Whiteford | United Kingdom | 44 years | Jan 2023 | - | Director |
P&L
December 2022turnover
126.5k
-58%
operating profit
79.4k
0%
gross margin
70.5%
+3.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
323.9k
+0.25%
total assets
412.1k
-0.03%
cash
55.5k
+1.57%
net assets
Total assets minus all liabilities
Similar Companies
lockhart developments limited company details
company number
08727235
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
October 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
28 alexandra terrace, exmouth, devon, EX8 1BD
accountant
THOMPSON JENNER
auditor
-
lockhart developments 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 lockhart developments limited.
lockhart developments limited Companies House Filings - See Documents
| date | description | view/download |
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