my choice homes limited
my choice homes limited Company Information
Company Number
09177062
Website
www.my-choice-homes.comRegistered Address
unit b4, staverton connection, gloucester road, cheltenham, GL51 0TF
Industry
Development of building projects
Telephone
441444446920
Next Accounts Due
16 days late
Group Structure
View All
Shareholders
thorn holdings limited 50%
buckingham estate management limited 50%
my choice homes limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HOMES LIMITED at £1.2m based on a Turnover of £3.6m and 0.33x industry multiple (adjusted for size and gross margin).
my choice homes limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HOMES LIMITED at £227.9k based on an EBITDA of £92.6k and a 2.46x industry multiple (adjusted for size and gross margin).
my choice homes limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HOMES LIMITED at £625.9k based on Net Assets of £479.6k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
My Choice Homes Limited Overview
My Choice Homes Limited is a live company located in cheltenham, GL51 0TF with a Companies House number of 09177062. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2014, it's largest shareholder is thorn holdings limited with a 50% stake. My Choice Homes Limited is a established, small sized company, Pomanda has estimated its turnover at £3.6m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
My Choice Homes Limited Health Check
Pomanda's financial health check has awarded My Choice Homes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £3.6m, make it larger than the average company (£2m)
- My Choice Homes Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (1.1%)
- My Choice Homes Limited
1.1% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (24.5%)
- My Choice Homes Limited
24.5% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (11.6%)
- My Choice Homes Limited
11.6% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
- My Choice Homes Limited
6 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- My Choice Homes Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £592k, this is more efficient (£270.3k)
- My Choice Homes Limited
£270.3k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (32 days)
- My Choice Homes Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 184 days, this is slower than average (31 days)
- My Choice Homes Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 194 days, this is in line with average (180 days)
- My Choice Homes Limited
180 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - My Choice Homes Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.2%, this is a similar level of debt than the average (74.9%)
77.2% - My Choice Homes Limited
74.9% - Industry AVG
MY CHOICE HOMES LIMITED financials
My Choice Homes Limited's latest turnover from August 2022 is estimated at £3.6 million and the company has net assets of £479.6 thousand. According to their latest financial statements, we estimate that My Choice Homes Limited has 6 employees and maintains cash reserves of £16.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 243,500 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 76,941 | 21,408 | ||||||
| Gross Profit | 166,559 | -21,408 | ||||||
| Admin Expenses | 5,186 | -39,381 | ||||||
| Operating Profit | 161,373 | 17,973 | ||||||
| Interest Payable | 0 | 0 | ||||||
| Interest Receivable | 3 | 2 | ||||||
| Pre-Tax Profit | 161,376 | 17,975 | ||||||
| Tax | -32,275 | -3,595 | ||||||
| Profit After Tax | 129,101 | 14,380 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | 129,101 | 14,380 | ||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* | 161,373 | 17,973 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,713,803 | 1,149,409 | 1,347,032 | 0 | 0 | 0 | 711,370 | 505,000 |
| Trade Debtors | 372,612 | 3,002 | 0 | 592,608 | 592,608 | 212,877 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 624 | 0 |
| Cash | 16,352 | 327,033 | 5,019 | 0 | 0 | 0 | 1,583 | 497 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,102,767 | 1,479,444 | 1,352,051 | 592,608 | 592,608 | 212,877 | 713,577 | 505,497 |
| total assets | 2,102,767 | 1,479,444 | 1,352,051 | 592,608 | 592,608 | 212,877 | 713,577 | 505,497 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,623,166 | 1,077,317 | 1,164,701 | 414,488 | 414,488 | 14,492 | 689 | 50,126 |
| 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 | 569,307 | 440,891 |
| total current liabilities | 1,623,166 | 1,077,317 | 1,164,701 | 414,488 | 414,488 | 14,492 | 569,996 | 491,017 |
| 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 | 21,703 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 21,703 | 0 | 0 |
| total liabilities | 1,623,166 | 1,077,317 | 1,164,701 | 414,488 | 414,488 | 36,195 | 569,996 | 491,017 |
| net assets | 479,601 | 402,127 | 187,350 | 178,120 | 178,120 | 176,682 | 143,581 | 14,480 |
| total shareholders funds | 479,601 | 402,127 | 187,350 | 178,120 | 178,120 | 176,682 | 143,581 | 14,480 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 161,373 | 17,973 | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -32,275 | -3,595 | ||||||
| Stock | 564,394 | -197,623 | 1,347,032 | 0 | 0 | -711,370 | 206,370 | 505,000 |
| Debtors | 369,610 | 3,002 | -592,608 | 0 | 379,731 | 212,253 | 624 | 0 |
| Creditors | 545,849 | -87,384 | 750,213 | 0 | 399,996 | 13,803 | -49,437 | 50,126 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -21,703 | -547,604 | 128,416 | 440,891 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,083 | 395 | ||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 3 | 2 | ||||||
| cash flow from financing | 3 | 102 | ||||||
| cash and cash equivalents | ||||||||
| cash | -310,681 | 322,014 | 5,019 | 0 | 0 | -1,583 | 1,086 | 497 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -310,681 | 322,014 | 5,019 | 0 | 0 | -1,583 | 1,086 | 497 |
my choice homes limited Credit Report and Business Information
My Choice Homes Limited Competitor Analysis
Perform a competitor analysis for my choice homes limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
my choice homes limited Ownership
MY CHOICE HOMES LIMITED group structure
My Choice Homes Limited has no subsidiary companies.
Ultimate parent company
MY CHOICE HOMES LIMITED
09177062
my choice homes limited directors
My Choice Homes Limited currently has 2 directors. The longest serving directors include Mr Trevor Thorn (Aug 2014) and Mr David Buckingham (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Trevor Thorn | United Kingdom | 41 years | Aug 2014 | - | Director |
| Mr David Buckingham | United Kingdom | 56 years | Aug 2014 | - | Director |
P&L
August 2022turnover
3.6m
+89%
operating profit
92.6k
0%
gross margin
9.6%
+14.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
479.6k
+0.19%
total assets
2.1m
+0.42%
cash
16.4k
-0.95%
net assets
Total assets minus all liabilities
my choice homes limited company details
company number
09177062
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
unit b4, staverton connection, gloucester road, cheltenham, GL51 0TF
last accounts submitted
August 2022
my choice homes 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 found 9 charges/mortgages relating to my choice homes limited. Currently there are 0 open charges and 9 have been satisfied in the past.
my choice homes limited Companies House Filings - See Documents
| date | description | view/download |
|---|
