more development uk ltd Company Information
Company Number
09133664
Website
-Registered Address
newland house the point, weaver road, lincoln, lincolnshire, LN6 3QN
Industry
Development of building projects
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Directors
Philip Atkin3 Years
Shareholders
philip atkin 100%
more development uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MORE DEVELOPMENT UK LTD at £31.8k based on a Turnover of £126.3k and 0.25x industry multiple (adjusted for size and gross margin).
more development uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MORE DEVELOPMENT UK LTD at £0 based on an EBITDA of £-3.2k and a 2.18x industry multiple (adjusted for size and gross margin).
more development uk ltd Estimated Valuation
Pomanda estimates the enterprise value of MORE DEVELOPMENT UK LTD at £8.9k based on Net Assets of £7.1k and 1.26x industry multiple (adjusted for liquidity).
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More Development Uk Ltd Overview
More Development Uk Ltd is a live company located in lincoln, LN6 3QN with a Companies House number of 09133664. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2014, it's largest shareholder is philip atkin with a 100% stake. More Development Uk Ltd is a established, micro sized company, Pomanda has estimated its turnover at £126.3k with declining growth in recent years.
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More Development Uk Ltd Health Check
Pomanda's financial health check has awarded More Development Uk Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £126.3k, make it smaller than the average company (£2m)
- More Development Uk Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -51%, show it is growing at a slower rate (1.1%)
- More Development Uk Ltd
1.1% - Industry AVG
Production
with a gross margin of 9.6%, this company has a higher cost of product (24.5%)
- More Development Uk Ltd
24.5% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (11.5%)
- More Development Uk Ltd
11.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - More Development Uk Ltd
6 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- More Development Uk Ltd
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £126.3k, this is less efficient (£270.7k)
- More Development Uk Ltd
£270.7k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (31 days)
- More Development Uk Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 103 days, this is slower than average (31 days)
- More Development Uk Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- More Development Uk Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - More Development Uk Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.7%, this is a higher level of debt than the average (74.9%)
84.7% - More Development Uk Ltd
74.9% - Industry AVG
more development uk ltd Credit Report and Business Information
More Development Uk Ltd Competitor Analysis
Perform a competitor analysis for more development uk ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
more development uk ltd Ownership
MORE DEVELOPMENT UK LTD group structure
More Development Uk Ltd has no subsidiary companies.
Ultimate parent company
MORE DEVELOPMENT UK LTD
09133664
more development uk ltd directors
More Development Uk Ltd currently has 1 director, Mr Philip Atkin serving since Sep 2020.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Philip Atkin | England | 63 years | Sep 2020 | - | Director |
MORE DEVELOPMENT UK LTD financials
More Development Uk Ltd's latest turnover from August 2022 is estimated at £126.3 thousand and the company has net assets of £7.1 thousand. According to their latest financial statements, More Development Uk Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2022 | Aug 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|
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 | 2 | 2 | 2 | 2 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2022 | Aug 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 16,133 | 3,385 | 4,513 | 6,823 | 8,992 | 11,290 | 14,998 | 19,432 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 16,133 | 3,385 | 4,513 | 6,823 | 8,992 | 11,290 | 14,998 | 19,432 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 30,155 | 37,464 | 20,658 | 308,207 | 349,533 | 407,528 | 363,346 | 10,379 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 336,975 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 30,155 | 37,464 | 20,658 | 308,207 | 349,533 | 407,528 | 363,346 | 347,354 |
total assets | 46,288 | 40,849 | 25,171 | 315,030 | 358,525 | 418,818 | 378,344 | 366,786 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 32,389 | 30,532 | 19,359 | 284,553 | 328,952 | 377,357 | 344,213 | 308,821 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 32,389 | 30,532 | 19,359 | 284,553 | 328,952 | 377,357 | 344,213 | 308,821 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 6,819 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,886 |
total long term liabilities | 6,819 | 0 | 0 | 0 | 0 | 0 | 0 | 3,886 |
total liabilities | 39,208 | 30,532 | 19,359 | 284,553 | 328,952 | 377,357 | 344,213 | 312,707 |
net assets | 7,080 | 10,317 | 5,812 | 30,477 | 29,573 | 41,461 | 34,131 | 54,079 |
total shareholders funds | 7,080 | 10,317 | 5,812 | 30,477 | 29,573 | 41,461 | 34,131 | 54,079 |
Aug 2022 | Aug 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | ||||||||
Depreciation | 6,477 | |||||||
Amortisation | 0 | |||||||
Tax | ||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -7,309 | 16,806 | -287,549 | -41,326 | -57,995 | 44,182 | 352,967 | 10,379 |
Creditors | 1,857 | 11,173 | -265,194 | -44,399 | -48,405 | 33,144 | 35,392 | 308,821 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -3,886 | 3,886 |
Cash flow from operations | ||||||||
Investing Activities | ||||||||
capital expenditure | ||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||
Financing Activities | ||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 6,819 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||
interest | ||||||||
cash flow from financing | ||||||||
cash and cash equivalents | ||||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | -336,975 | 336,975 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -336,975 | 336,975 |
P&L
August 2022turnover
126.3k
-5%
operating profit
-3.2k
0%
gross margin
9.6%
+15.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
7.1k
-0.31%
total assets
46.3k
+0.13%
cash
0
0%
net assets
Total assets minus all liabilities
more development uk ltd company details
company number
09133664
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
July 2014
age
10
accounts
Micro-Entity Accounts
ultimate parent company
previous names
m c builders (lincoln) ltd (October 2020)
incorporated
UK
address
newland house the point, weaver road, lincoln, lincolnshire, LN6 3QN
last accounts submitted
August 2022
more development uk 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 more development uk ltd.
more development uk ltd Companies House Filings - See Documents
date | description | view/download |
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