Linen Developments Limited

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linen developments limited Company Information

Live

EstablishedMicroDeclining

Company Number

08983943

Next Accounts

Sep 2025

Industry

Buying and selling of own real estate

Directors

Paul O'Rourke

Martin Tumilty

View All

Shareholders

lotus homes holdings limited

Group Structure

View All

Contact

Registered Address

quadrant house floor 6, 4 thomas more square, london, E1W 1YW

Website

lotushomes.com

linen developments limited Estimated Valuation

£5.6k

Pomanda estimates the enterprise value of LINEN DEVELOPMENTS LIMITED at £5.6k based on a Turnover of £2k and 2.75x industry multiple (adjusted for size and gross margin).

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Linen Developments Limited is a live company located in london, E1W 1YW with a Companies House number of 08983943. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 2014, it's largest shareholder is lotus homes holdings limited with a 100% stake. Linen Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £2k with declining growth in recent years.

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Pomanda's financial health check has awarded Linen Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £2k, make it smaller than the average company (£953.6k)

Growth

3 year (CAGR) sales growth of -94%, show it is growing at a slower rate (2.8%)

EXPORT

Linen Developments Limited's latest turnover from December 2023 is estimated at £2 thousand and the company has net assets of -£162. According to their latest financial statements, we estimate that Linen Developments Limited has 1 employee and maintains cash reserves of £688 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Turnover	2,024	4,227,827	6,048,671	9,479,705	11,391,311	10,290,665	7,397,414	689,308	358,537	1,236
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	602	1,274,541	1,812,986	2,766,129	3,410,498	3,244,245	2,368,804	230,908	120,587	488
Gross Profit	1,423	2,953,286	4,235,685	6,713,576	7,980,813	7,046,420	5,028,609	458,400	237,950	748
Admin Expenses	17,424	2,937,940	4,258,788	6,681,417	8,004,785	7,502,802	4,704,990	333,476	144,114	-50,181
Operating Profit	-16,001	15,346	-23,103	32,159	-23,972	-456,382	323,619	124,924	93,836	50,929
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	64	66	8	5	873	904	1,063	516	104	102
Pre-Tax Profit	-15,937	15,412	-23,095	32,164	-23,099	-455,478	324,681	125,440	93,940	51,030
Tax	0	-2,928	0	-6,111	0	0	-61,689	-25,088	-18,788	-10,716
Profit After Tax	-15,937	12,484	-23,095	26,053	-23,099	-455,478	262,992	100,352	75,152	40,314
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,937	12,484	-23,095	26,053	-23,099	-455,478	262,992	100,352	75,152	40,314
Employee Costs	38,791	875,917	1,140,004	1,759,535	1,971,239	1,826,591	1,320,107	149,178	75,440	35,694
Number Of Employees	1	23	31	47	48	47	37	4	2	1
EBITDA*	-16,001	15,346	-23,103	32,159	-23,972	-456,382	323,619	124,924	93,836	50,929

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 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	106,203	467,292	555,565	0
Trade Debtors	100	399,749	637,387	1,007,191	958,822	807,161	787,418	13,871	280	100
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	688	1,762	2,004	4,406	5,340	227,574	13,511	411,489	916	40,614
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	788	401,511	639,391	1,011,597	964,162	1,034,735	907,132	892,652	556,761	40,714
total assets	788	401,511	639,391	1,011,597	964,162	1,034,735	907,132	892,652	556,761	40,714
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	950	385,736	636,100	985,211	963,829	1,011,303	428,222	676,734	441,195	300
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	0	0	0	0	0	0	0	0	0	0
total current liabilities	950	385,736	636,100	985,211	963,829	1,011,303	428,222	676,734	441,195	300
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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	950	385,736	636,100	985,211	963,829	1,011,303	428,222	676,734	441,195	300
net assets	-162	15,775	3,291	26,386	333	23,432	478,910	215,918	115,566	40,414
total shareholders funds	-162	15,775	3,291	26,386	333	23,432	478,910	215,918	115,566	40,414

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Operating Activities
Operating Profit	-16,001	15,346	-23,103	32,159	-23,972	-456,382	323,619	124,924	93,836	50,929
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,928	0	-6,111	0	0	-61,689	-25,088	-18,788	-10,716
Stock	0	0	0	0	0	-106,203	-361,089	-88,273	555,565	0
Debtors	-399,649	-237,638	-369,804	48,369	151,661	19,743	773,547	13,591	180	100
Creditors	-384,786	-250,364	-349,111	21,382	-47,474	583,081	-248,512	235,539	440,895	300
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,138	-308	-2,410	-939	-223,107	213,159	-399,040	410,057	-39,802	40,413
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	64	66	8	5	873	904	1,063	516	104	102
cash flow from financing	64	66	8	5	873	904	1,063	516	104	202
cash and cash equivalents
cash	-1,074	-242	-2,402	-934	-222,234	214,063	-397,978	410,573	-39,698	40,614
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-1,074	-242	-2,402	-934	-222,234	214,063	-397,978	410,573	-39,698	40,614

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for linen developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in E1W area or any other competitors across 12 key performance metrics.

LINEN DEVELOPMENTS LIMITED group structure

Linen Developments Limited has no subsidiary companies.

Ultimate parent company

LOTUS HOMES HOLDINGS LTD

#0174756

COOLMOYNE LIMITED

NI642197

2 parents

LINEN DEVELOPMENTS LIMITED

08983943

LINEN DEVELOPMENTS LIMITED Shareholders

lotus homes holdings limited

100%

Linen Developments Limited currently has 5 directors. The longest serving directors include Mr Paul O'Rourke (Oct 2015) and Mr Martin Tumilty (Nov 2019).

officer	country	age	start	end	role
Mr Paul O'Rourke	Northern Ireland	65 years	Oct 2015	-	Director
Mr Martin Tumilty	Northern Ireland	42 years	Nov 2019	-	Director
Mr Fergal McAliskey	Northern Ireland	35 years	Nov 2019	-	Director
Mr Ciaran Murdock	Scotland	61 years	Feb 2022	-	Director
Mr Kevin Murdock	Northern Ireland	58 years	Feb 2022	-	Director

P&L

December 2023

turnover

-100%

operating profit

-16k

gross margin

70.3%

+0.6%

turnover

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

Balance Sheet

December 2023

net assets

-162

-1.01%

total assets

788

-1%

cash

688

-0.61%

net assets

Total assets minus all liabilities

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company number

08983943

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

April 2014

ultimate parent company

LOTUS HOMES HOLDINGS LTD

previous names

linen homes holdings limited (December 2022)

bannview homes limited (January 2022)

address

quadrant house floor 6, 4 thomas more square, london, E1W 1YW

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 3 charges/mortgages relating to linen developments limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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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linen developments limited Company Information

linen developments limited Estimated Valuation

linen developments limited Estimated Valuation

linen developments limited Estimated Valuation

Linen Developments Limited Overview

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LINEN DEVELOPMENTS LIMITED financials

linen developments limited Credit Report and Business Information

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