ibev lets ltd
ibev lets ltd Company Information
Company Number
09280621
Website
-Registered Address
suite 214 ,28 park street, luton, LU1 3FL
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
655 days late
Group Structure
View All
Directors
Isaac Mhone10 Years
Shareholders
isaac mhone 75%
beverley chakawata-mhone 25%
ibev lets ltd Estimated Valuation
Pomanda estimates the enterprise value of IBEV LETS LTD at £349.5k based on a Turnover of £155.6k and 2.25x industry multiple (adjusted for size and gross margin).
ibev lets ltd Estimated Valuation
Pomanda estimates the enterprise value of IBEV LETS LTD at £0 based on an EBITDA of £-2.6k and a 4.76x industry multiple (adjusted for size and gross margin).
ibev lets ltd Estimated Valuation
Pomanda estimates the enterprise value of IBEV LETS LTD at £251 based on Net Assets of £159 and 1.58x industry multiple (adjusted for liquidity).
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Ibev Lets Ltd Overview
Ibev Lets Ltd is a live company located in luton, LU1 3FL with a Companies House number of 09280621. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2014, it's largest shareholder is isaac mhone with a 75% stake. Ibev Lets Ltd is a established, micro sized company, Pomanda has estimated its turnover at £155.6k with rapid growth in recent years.
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Ibev Lets Ltd Health Check
Pomanda's financial health check has awarded Ibev Lets Ltd a 2.5 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £155.6k, make it smaller than the average company (£626.5k)
- Ibev Lets Ltd
£626.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (1.3%)
- Ibev Lets Ltd
1.3% - Industry AVG
Production
with a gross margin of 27.9%, this company has a higher cost of product (71.1%)
- Ibev Lets Ltd
71.1% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (37%)
- Ibev Lets Ltd
37% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Ibev Lets Ltd
4 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
- Ibev Lets Ltd
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £155.6k, this is more efficient (£134.1k)
- Ibev Lets Ltd
£134.1k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (36 days)
- Ibev Lets Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (42 days)
- Ibev Lets Ltd
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ibev Lets Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ibev Lets Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (67.1%)
99.7% - Ibev Lets Ltd
67.1% - Industry AVG
IBEV LETS LTD financials
Ibev Lets Ltd's latest turnover from April 2021 is estimated at £155.6 thousand and the company has net assets of £159. According to their latest financial statements, Ibev Lets Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 491 | 614 | 767 | 660 | 825 | 1,031 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 491 | 614 | 767 | 660 | 825 | 1,031 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 53,687 | 41,824 | 13,183 | 12,764 | 10,740 | 2,356 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 335 |
| total current assets | 53,687 | 41,824 | 13,183 | 12,764 | 10,740 | 2,691 |
| total assets | 54,178 | 42,438 | 13,950 | 13,424 | 11,565 | 3,722 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,643 | 34,493 | 7,938 | 8,066 | 4,452 | 2,637 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 25,643 | 34,493 | 7,938 | 8,066 | 4,452 | 2,637 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,354 | 677 | 677 | 677 | 650 | 975 |
| other liabilities | 27,022 | 4,483 | 2,833 | 4,533 | 6,233 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 28,376 | 5,160 | 3,510 | 5,210 | 6,883 | 975 |
| total liabilities | 54,019 | 39,653 | 11,448 | 13,276 | 11,335 | 3,612 |
| net assets | 159 | 2,785 | 2,502 | 148 | 230 | 110 |
| total shareholders funds | 159 | 2,785 | 2,502 | 148 | 230 | 110 |
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,863 | 28,641 | 419 | 2,024 | 8,384 | 2,356 |
| Creditors | -8,850 | 26,555 | -128 | 3,614 | 1,815 | 2,637 |
| Accruals and Deferred Income | 677 | 0 | 0 | 27 | -325 | 975 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 22,539 | 1,650 | -1,700 | -1,700 | 6,233 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
ibev lets ltd Credit Report and Business Information
Ibev Lets Ltd Competitor Analysis
Perform a competitor analysis for ibev lets ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LU1 area or any other competitors across 12 key performance metrics.
ibev lets ltd Ownership
IBEV LETS LTD group structure
Ibev Lets Ltd has no subsidiary companies.
Ultimate parent company
IBEV LETS LTD
09280621
ibev lets ltd directors
Ibev Lets Ltd currently has 1 director, Mr Isaac Mhone serving since Oct 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Isaac Mhone | England | 52 years | Oct 2014 | - | Director |
P&L
April 2021turnover
155.6k
+9%
operating profit
-2.6k
0%
gross margin
28%
-6.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2021net assets
159
-0.94%
total assets
54.2k
+0.28%
cash
0
0%
net assets
Total assets minus all liabilities
ibev lets ltd company details
company number
09280621
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2021
previous names
N/A
accountant
-
auditor
-
address
suite 214 ,28 park street, luton, LU1 3FL
Bank
-
Legal Advisor
-
ibev lets 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 ibev lets ltd.
ibev lets ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
