lateral property developments 2 limited
lateral property developments 2 limited Company Information
Company Number
08911964
Registered Address
floor 2 10 wellington place, leeds, LS1 4AP
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
marcus briggs 39.7%
steven redshaw 30.2%
View Alllateral property developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY DEVELOPMENTS 2 LIMITED at £900k based on a Turnover of £389k and 2.31x industry multiple (adjusted for size and gross margin).
lateral property developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY DEVELOPMENTS 2 LIMITED at £6m based on an EBITDA of £981.4k and a 6.08x industry multiple (adjusted for size and gross margin).
lateral property developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of LATERAL PROPERTY DEVELOPMENTS 2 LIMITED at £1.5m based on Net Assets of £995.8k and 1.46x industry multiple (adjusted for liquidity).
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Lateral Property Developments 2 Limited Overview
Lateral Property Developments 2 Limited is a live company located in leeds, LS1 4AP with a Companies House number of 08911964. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 2014, it's largest shareholder is marcus briggs with a 39.7% stake. Lateral Property Developments 2 Limited is a established, micro sized company, Pomanda has estimated its turnover at £389k with declining growth in recent years.
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Lateral Property Developments 2 Limited Health Check
Pomanda's financial health check has awarded Lateral Property Developments 2 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £389k, make it smaller than the average company (£840.1k)
- Lateral Property Developments 2 Limited
£840.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (2%)
- Lateral Property Developments 2 Limited
2% - Industry AVG
Production
with a gross margin of 68.7%, this company has a comparable cost of product (68.7%)
- Lateral Property Developments 2 Limited
68.7% - Industry AVG
Profitability
an operating margin of 252.3% make it more profitable than the average company (31.9%)
- Lateral Property Developments 2 Limited
31.9% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Lateral Property Developments 2 Limited
4 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Lateral Property Developments 2 Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £97.2k, this is less efficient (£195k)
- Lateral Property Developments 2 Limited
£195k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Lateral Property Developments 2 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
- Lateral Property Developments 2 Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lateral Property Developments 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (7 weeks)
52 weeks - Lateral Property Developments 2 Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.9%, this is a lower level of debt than the average (64.4%)
26.9% - Lateral Property Developments 2 Limited
64.4% - Industry AVG
LATERAL PROPERTY DEVELOPMENTS 2 LIMITED financials
Lateral Property Developments 2 Limited's latest turnover from April 2023 is estimated at £389 thousand and the company has net assets of £995.8 thousand. According to their latest financial statements, Lateral Property Developments 2 Limited has 4 employees and maintains cash reserves of £373.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 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 | 4 | 4 | 4 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,899 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 63,907 | 0 | 0 | 2,100 | 862,810 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 989,538 | 254,303 | 293,304 | 62,804 | 0 | 62,904 | 61,804 | 1,143,035 | 0 | 0 |
| Cash | 373,076 | 544 | 197 | 1,103 | 0 | 185 | 239 | 413,524 | 1,604 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,362,614 | 254,847 | 293,501 | 63,907 | 63,907 | 63,089 | 62,043 | 1,558,659 | 976,313 | 0 |
| total assets | 1,362,614 | 254,847 | 293,501 | 63,907 | 63,907 | 63,089 | 62,043 | 1,558,659 | 976,313 | 0 |
| 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 | 600 | 600 | 0 | 0 | 0 | 600 | 0 | 726,430 | 876,898 | 0 |
| 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 | 366,241 | 505 | 37,595 | 63,803 | 0 | 500 | 0 | 727,663 | 0 | 0 |
| total current liabilities | 366,841 | 1,105 | 37,595 | 63,803 | 0 | 1,100 | 0 | 1,454,093 | 876,898 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 366,841 | 1,105 | 37,595 | 63,803 | 1,000 | 1,100 | 0 | 1,454,093 | 876,898 | 0 |
| net assets | 995,773 | 253,742 | 255,906 | 104 | 62,907 | 61,989 | 62,043 | 104,566 | 99,415 | 0 |
| total shareholders funds | 995,773 | 253,742 | 255,906 | 104 | 62,907 | 61,989 | 62,043 | 104,566 | 99,415 | 0 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -111,899 | 111,899 | 0 |
| Debtors | 735,235 | -39,001 | 230,500 | -1,103 | 1,003 | 1,100 | -1,083,331 | 282,325 | 862,810 | 0 |
| Creditors | 0 | 600 | 0 | 0 | -600 | 600 | -726,430 | -150,468 | 876,898 | 0 |
| Accruals and Deferred Income | 365,736 | -37,090 | -26,208 | 63,803 | -500 | 500 | -727,663 | 727,663 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 372,532 | 347 | -906 | 1,103 | -185 | -54 | -413,285 | 411,920 | 1,604 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 372,532 | 347 | -906 | 1,103 | -185 | -54 | -413,285 | 411,920 | 1,604 | 0 |
lateral property developments 2 limited Credit Report and Business Information
Lateral Property Developments 2 Limited Competitor Analysis
Perform a competitor analysis for lateral property developments 2 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LS1 area or any other competitors across 12 key performance metrics.
lateral property developments 2 limited Ownership
LATERAL PROPERTY DEVELOPMENTS 2 LIMITED group structure
Lateral Property Developments 2 Limited has no subsidiary companies.
Ultimate parent company
LATERAL PROPERTY DEVELOPMENTS 2 LIMITED
08911964
lateral property developments 2 limited directors
Lateral Property Developments 2 Limited currently has 3 directors. The longest serving directors include Mr Steven Redshaw (Oct 2014) and Mr Philip Lunn (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Redshaw | 50 years | Oct 2014 | - | Director | |
| Mr Philip Lunn | 51 years | Oct 2014 | - | Director | |
| Mr Marcus Briggs | 48 years | Oct 2014 | - | Director |
P&L
April 2023turnover
389k
0%
operating profit
981.4k
0%
gross margin
68.8%
+2.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
995.8k
+2.92%
total assets
1.4m
+4.35%
cash
373.1k
+684.8%
net assets
Total assets minus all liabilities
lateral property developments 2 limited company details
company number
08911964
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
February 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
sound & audio limited (May 2020)
accountant
-
auditor
-
address
floor 2 10 wellington place, leeds, LS1 4AP
Bank
-
Legal Advisor
-
lateral property developments 2 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 lateral property developments 2 limited.
lateral property developments 2 limited Companies House Filings - See Documents
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