more development uk ltd

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more development uk ltd Company Information

Share MORE DEVELOPMENT UK LTD
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EstablishedMicroDeclining

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

£31.8k

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

£0

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

£8.9k

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).

Valuation Calculator
This valuation is estimated based on financial data from August 2022 

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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

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £126.3k, make it smaller than the average company (£2m)

£126.3k - More Development Uk Ltd

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -51%, show it is growing at a slower rate (1.1%)

-51% - More Development Uk Ltd

1.1% - Industry AVG

production

Production

with a gross margin of 9.6%, this company has a higher cost of product (24.5%)

9.6% - More Development Uk Ltd

24.5% - Industry AVG

profitability

Profitability

an operating margin of -2.6% make it less profitable than the average company (11.5%)

-2.6% - More Development Uk Ltd

11.5% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - More Development Uk Ltd

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)

£44.7k - More Development Uk Ltd

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £126.3k, this is less efficient (£270.7k)

£126.3k - More Development Uk Ltd

£270.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 87 days, this is later than average (31 days)

87 days - More Development Uk Ltd

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 103 days, this is slower than average (31 days)

103 days - More Development Uk Ltd

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - More Development Uk Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - More Development Uk Ltd

- - Industry AVG

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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More Development Uk Ltd Competitor Analysis

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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 Shareholders

philip atkin 100%

more development uk ltd directors

More Development Uk Ltd currently has 1 director, Mr Philip Atkin serving since Sep 2020.

officercountryagestartendrole
Mr Philip AtkinEngland63 years Sep 2020- Director

MORE DEVELOPMENT UK LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Aug 2022Aug 2021Aug 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Turnover126,273132,454116,8631,052,9761,208,0331,333,8031,603,403536,181
Other Income Or Grants00000000
Cost Of Sales114,214121,487105,945948,6791,081,8341,185,0701,424,150478,399
Gross Profit12,05910,96810,917104,298126,199148,733179,25257,782
Admin Expenses15,2965,40635,582103,182138,087139,684200,039-8,971
Operating Profit-3,2375,562-24,6651,116-11,8889,049-20,78766,753
Interest Payable00000000
Interest Receivable000000842842
Pre-Tax Profit-3,2375,562-24,6651,116-11,8889,049-19,94567,595
Tax0-1,0570-2120-1,7190-13,519
Profit After Tax-3,2374,505-24,665904-11,8887,330-19,94554,076
Dividends Paid00000000
Retained Profit-3,2374,505-24,665904-11,8887,330-19,94554,076
Employee Costs44,68244,39186,40987,27185,75183,657122,13639,686
Number Of Employees11222231
EBITDA*-3,2375,562-24,6651,116-11,8889,049-20,78773,230

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2022Aug 2021Aug 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Tangible Assets16,1333,3854,5136,8238,99211,29014,99819,432
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets16,1333,3854,5136,8238,99211,29014,99819,432
Stock & work in progress00000000
Trade Debtors30,15537,46420,658308,207349,533407,528363,34610,379
Group Debtors00000000
Misc Debtors00000000
Cash0000000336,975
misc current assets00000000
total current assets30,15537,46420,658308,207349,533407,528363,346347,354
total assets46,28840,84925,171315,030358,525418,818378,344366,786
Bank overdraft00000000
Bank loan00000000
Trade Creditors 32,38930,53219,359284,553328,952377,357344,213308,821
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities00000000
total current liabilities32,38930,53219,359284,553328,952377,357344,213308,821
loans00000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities6,8190000000
provisions00000003,886
total long term liabilities6,8190000003,886
total liabilities39,20830,53219,359284,553328,952377,357344,213312,707
net assets7,08010,3175,81230,47729,57341,46134,13154,079
total shareholders funds7,08010,3175,81230,47729,57341,46134,13154,079
Aug 2022Aug 2021Aug 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015
Operating Activities
Operating Profit-3,2375,562-24,6651,116-11,8889,049-20,78766,753
Depreciation00000006,477
Amortisation00000000
Tax0-1,0570-2120-1,7190-13,519
Stock00000000
Debtors-7,30916,806-287,549-41,326-57,99544,182352,96710,379
Creditors1,85711,173-265,194-44,399-48,40533,14435,392308,821
Accruals and Deferred Income00000000
Deferred Taxes & Provisions000000-3,8863,886
Cash flow from operations5,929-1,128-2,310-2,169-2,298-3,708-342,248362,039
Investing Activities
capital expenditure-12,7481,1282,3102,1692,2983,7084,434-25,909
Change in Investments00000000
cash flow from investments-12,7481,1282,3102,1692,2983,7084,434-25,909
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments00000000
other long term liabilities6,8190000000
share issue000000-33
interest000000842842
cash flow from financing6,81900000839845
cash and cash equivalents
cash000000-336,975336,975
overdraft00000000
change in cash000000-336,975336,975

P&L

August 2022

turnover

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 2022

net 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

None

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.

charges

more development uk ltd Companies House Filings - See Documents

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