tufton street devco limited
tufton street devco limited Company Information
Company Number
09062498
Next Accounts
Jan 2025
Industry
Development of building projects
Directors
Shareholders
nortrust nominees ltd
Group Structure
View All
Contact
Registered Address
1 more london place, london, SE1 2AF
Website
legalandgeneralgroup.comtufton street devco limited Estimated Valuation
Pomanda estimates the enterprise value of TUFTON STREET DEVCO LIMITED at £548.9k based on a Turnover of £2.2m and 0.25x industry multiple (adjusted for size and gross margin).
tufton street devco limited Estimated Valuation
Pomanda estimates the enterprise value of TUFTON STREET DEVCO LIMITED at £0 based on an EBITDA of £-257.9k and a 1.82x industry multiple (adjusted for size and gross margin).
tufton street devco limited Estimated Valuation
Pomanda estimates the enterprise value of TUFTON STREET DEVCO LIMITED at £42.5m based on Net Assets of £30.9m and 1.38x industry multiple (adjusted for liquidity).
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Tufton Street Devco Limited Overview
Tufton Street Devco Limited is a dissolved company that was located in london, SE1 2AF with a Companies House number of 09062498. It operated in the development of building projects sector, SIC Code 41100. Founded in May 2014, it's largest shareholder was nortrust nominees ltd with a 100% stake. The last turnover for Tufton Street Devco Limited was estimated at £2.2m.
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Tufton Street Devco Limited Health Check
Pomanda's financial health check has awarded Tufton Street Devco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £2.2m, make it larger than the average company (£1.7m)
£2.2m - Tufton Street Devco Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -57%, show it is growing at a slower rate (3.9%)
-57% - Tufton Street Devco Limited
3.9% - Industry AVG
Production
with a gross margin of -1.8%, this company has a higher cost of product (27.4%)
-1.8% - Tufton Street Devco Limited
27.4% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (10.9%)
-11.8% - Tufton Street Devco Limited
10.9% - Industry AVG
Employees
with 9 employees, this is above the industry average (6)
- Tufton Street Devco Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Tufton Street Devco Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £243.3k, this is equally as efficient (£264.8k)
- Tufton Street Devco Limited
£264.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (27 days)
3 days - Tufton Street Devco Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (31 days)
9 days - Tufton Street Devco Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tufton Street Devco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13432 weeks, this is more cash available to meet short term requirements (12 weeks)
13432 weeks - Tufton Street Devco Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.4%, this is a lower level of debt than the average (72.7%)
0.4% - Tufton Street Devco Limited
72.7% - Industry AVG
TUFTON STREET DEVCO LIMITED financials
Tufton Street Devco Limited's latest turnover from November 2019 is £2.2 million and the company has net assets of £30.9 million. According to their latest financial statements, we estimate that Tufton Street Devco Limited has 9 employees and maintains cash reserves of £30.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|
| Turnover | 2,190,000 | 5,542,500 | 3,295,600 | 26,886,927 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,228,493 | 3,523,145 | 3,158,052 | 22,090,066 | 0 |
| Gross Profit | -38,493 | 2,019,355 | 137,548 | 4,796,861 | 0 |
| Admin Expenses | 219,358 | 1,965,796 | 170,278 | 4,571,754 | 13,000 |
| Operating Profit | -257,851 | 53,559 | -32,730 | 225,107 | -13,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 236,602 | 96,805 | 16,579 | 4,293 | 719 |
| Pre-Tax Profit | -21,249 | 150,364 | -16,151 | 229,400 | -12,281 |
| Tax | 0 | -28,569 | 3,109 | -45,880 | 2,525 |
| Profit After Tax | -21,249 | 121,795 | -13,042 | 183,520 | -9,756 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -21,249 | 121,795 | -13,042 | 183,520 | -9,756 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* | -257,851 | 53,559 | -32,730 | 225,107 | -13,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 2,117,083 | 7,567,893 | 10,325,724 | 29,447,395 |
| Trade Debtors | 21,811 | 53,127 | 84,852 | 1,897,335 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 84,701 | 38,370 | 23,894 | 24,210 | 106,836 |
| Cash | 30,892,347 | 30,728,420 | 25,353,735 | 21,103,239 | 1,067,014 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,998,859 | 32,937,000 | 33,030,374 | 33,350,508 | 30,621,245 |
| total assets | 30,998,859 | 32,937,000 | 33,030,374 | 33,350,508 | 30,621,245 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 57,129 | 33,758 | 27,817 | 8,959 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 62,461 | 2,002,724 | 2,223,834 | 2,549,784 | 13,000 |
| total current liabilities | 119,590 | 2,036,482 | 2,251,651 | 2,558,743 | 13,000 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 119,590 | 2,036,482 | 2,251,651 | 2,558,743 | 13,000 |
| net assets | 30,879,269 | 30,900,518 | 30,778,723 | 30,791,765 | 30,608,245 |
| total shareholders funds | 30,879,269 | 30,900,518 | 30,778,723 | 30,791,765 | 30,608,245 |
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -257,851 | 53,559 | -32,730 | 225,107 | -13,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -28,569 | 3,109 | -45,880 | 2,525 |
| Stock | -2,117,083 | -5,450,810 | -2,757,831 | -19,121,671 | 29,447,395 |
| Debtors | 15,015 | -17,249 | -1,812,799 | 1,814,709 | 106,836 |
| Creditors | 23,371 | 5,941 | 18,858 | 8,959 | 0 |
| Accruals and Deferred Income | -1,940,263 | -221,110 | -325,950 | 2,536,784 | 13,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -72,675 | 5,277,880 | 4,233,917 | 20,031,932 | -29,551,706 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 236,602 | 96,805 | 16,579 | 4,293 | 719 |
| cash flow from financing | 236,602 | 96,805 | 16,579 | 4,293 | 30,618,720 |
| cash and cash equivalents | |||||
| cash | 163,927 | 5,374,685 | 4,250,496 | 20,036,225 | 1,067,014 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 163,927 | 5,374,685 | 4,250,496 | 20,036,225 | 1,067,014 |
tufton street devco limited Credit Report and Business Information
Tufton Street Devco Limited Competitor Analysis
Perform a competitor analysis for tufton street devco limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in SE1 area or any other competitors across 12 key performance metrics.
tufton street devco limited Ownership
TUFTON STREET DEVCO LIMITED group structure
Tufton Street Devco Limited has 1 subsidiary company.
Ultimate parent company
ORGANIZE CO2 COST STRATEGY SA
#0110494
2 parents
TUFTON STREET DEVCO LIMITED
09062498
1 subsidiary
tufton street devco limited directors
Tufton Street Devco Limited currently has 1 director, Mr Michael Barrie serving since May 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Barrie | 58 years | May 2014 | - | Director |
P&L
November 2019turnover
2.2m
-60%
operating profit
-257.9k
-581%
gross margin
-1.7%
-104.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2019net assets
30.9m
0%
total assets
31m
-0.06%
cash
30.9m
+0.01%
net assets
Total assets minus all liabilities
tufton street devco limited company details
company number
09062498
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2019
previous names
N/A
accountant
-
auditor
KPMG LLP
address
1 more london place, london, SE1 2AF
Bank
-
Legal Advisor
-
tufton street devco 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 tufton street devco limited.
tufton street devco limited Capital Raised & Share Issues BETA
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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tufton street devco limited Companies House Filings - See Documents
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