cross developments (sussex) limited

cross developments (sussex) limited Company Information

Share CROSS DEVELOPMENTS (SUSSEX) LIMITED
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Company Number

09477066

Industry

Development of building projects

 

Shareholders

marcia cross

robin cross

Group Structure

View All

Contact

Registered Address

ord kingston road, lewes, BN7 3NB

cross developments (sussex) limited Estimated Valuation

£121.5k

Pomanda estimates the enterprise value of CROSS DEVELOPMENTS (SUSSEX) LIMITED at £121.5k based on a Turnover of £224.5k and 0.54x industry multiple (adjusted for size and gross margin).

cross developments (sussex) limited Estimated Valuation

£11m

Pomanda estimates the enterprise value of CROSS DEVELOPMENTS (SUSSEX) LIMITED at £11m based on an EBITDA of £2.9m and a 3.8x industry multiple (adjusted for size and gross margin).

cross developments (sussex) limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of CROSS DEVELOPMENTS (SUSSEX) LIMITED at £5.4m based on Net Assets of £3.4m and 1.56x industry multiple (adjusted for liquidity).

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Cross Developments (sussex) Limited Overview

Cross Developments (sussex) Limited is a live company located in lewes, BN7 3NB with a Companies House number of 09477066. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2015, it's largest shareholder is marcia cross with a 50% stake. Cross Developments (sussex) Limited is a young, micro sized company, Pomanda has estimated its turnover at £224.5k with declining growth in recent years.

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Cross Developments (sussex) Limited Health Check

Pomanda's financial health check has awarded Cross Developments (Sussex) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £224.5k, make it smaller than the average company (£2.1m)

£224.5k - Cross Developments (sussex) Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (2.1%)

-26% - Cross Developments (sussex) Limited

2.1% - Industry AVG

production

Production

with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)

25.8% - Cross Developments (sussex) Limited

25.8% - Industry AVG

profitability

Profitability

an operating margin of 1288.9% make it more profitable than the average company (8.7%)

1288.9% - Cross Developments (sussex) Limited

8.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (6)

2 - Cross Developments (sussex) Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)

£46.3k - Cross Developments (sussex) Limited

£46.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £112.2k, this is less efficient (£272.5k)

£112.2k - Cross Developments (sussex) Limited

£272.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cross Developments (sussex) Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (31 days)

1 days - Cross Developments (sussex) Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cross Developments (sussex) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 72 weeks, this is more cash available to meet short term requirements (13 weeks)

72 weeks - Cross Developments (sussex) Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 9.9%, this is a lower level of debt than the average (74.5%)

9.9% - Cross Developments (sussex) Limited

74.5% - Industry AVG

CROSS DEVELOPMENTS (SUSSEX) LIMITED financials

EXPORTms excel logo

Cross Developments (Sussex) Limited's latest turnover from March 2023 is estimated at £224.5 thousand and the company has net assets of £3.4 million. According to their latest financial statements, Cross Developments (Sussex) Limited has 2 employees and maintains cash reserves of £525.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Turnover224,497832,017524,350544,001543,780000
Other Income Or Grants00000000
Cost Of Sales166,607634,705400,580401,385392,516000
Gross Profit57,891197,312123,769142,616151,265000
Admin Expenses-2,835,563-57,511-216,561275,597245,645-531,995-478,9740
Operating Profit2,893,454254,823340,330-132,981-94,380531,995478,9740
Interest Payable00000000
Interest Receivable20,1082,3973435015,8983,6005010
Pre-Tax Profit2,913,562257,220340,673-132,480-88,482535,595479,4750
Tax-553,577-48,872-64,72800-101,763-95,8950
Profit After Tax2,359,985208,348275,945-132,480-88,482433,832383,5800
Dividends Paid00000000
Retained Profit2,359,985208,348275,945-132,480-88,482433,832383,5800
Employee Costs92,661135,30787,56187,67586,673000
Number Of Employees23222000
EBITDA*2,893,454254,823340,330-132,981-94,380531,995478,9740

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Tangible Assets00000000
Intangible Assets00000000
Investments & Other4,6134,6134,6133,7113,7117111100
Debtors (Due After 1 year)00000000
Total Fixed Assets4,6134,6134,6133,7113,7117111100
Stock & work in progress00000000
Trade Debtors00000000
Group Debtors1,304,014550,622574,570117,257107,635019,6350
Misc Debtors1,989,2411,385,8241,334,3241,299,3851,276,454590,283732,387697,472
Cash525,158421,078218,168467,889533,5001,039,198400,6740
misc current assets00000000
total current assets3,818,4132,357,5242,127,0621,884,5311,917,5891,629,4811,152,696697,472
total assets3,823,0262,362,1372,131,6751,888,2421,921,3001,630,1921,152,806697,472
Bank overdraft00000000
Bank loan00000000
Trade Creditors 4710000000
Group/Directors Accounts266,5001,266,1211,248,6201,284,6211,185,199679,069667,3720
other short term finances00000000
hp & lease commitments00000000
other current liabilities109,4179,36310,4506,9616,961133,501101,644697,372
total current liabilities376,3881,275,4841,259,0701,291,5821,192,160812,570769,016697,372
loans00000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions00000000
total long term liabilities00000000
total liabilities376,3881,275,4841,259,0701,291,5821,192,160812,570769,016697,372
net assets3,446,6381,086,653872,605596,660729,140817,622383,790100
total shareholders funds3,446,6381,086,653872,605596,660729,140817,622383,790100
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Operating Activities
Operating Profit2,893,454254,823340,330-132,981-94,380531,995478,9740
Depreciation00000000
Amortisation00000000
Tax-553,577-48,872-64,72800-101,763-95,8950
Stock00000000
Debtors1,356,80927,552492,25232,553793,806-161,73954,550697,472
Creditors4710000000
Accruals and Deferred Income100,054-1,0873,4890-126,54031,857-595,728697,372
Deferred Taxes & Provisions00000000
Cash flow from operations1,083,593177,312-213,161-165,534-1,014,726623,828-267,199-100
Investing Activities
capital expenditure00000000
Change in Investments0090203,0006011100
cash flow from investments00-9020-3,000-601-1100
Financing Activities
Bank loans00000000
Group/Directors Accounts-999,62117,501-36,00199,422506,13011,697667,3720
Other Short Term Loans 00000000
Long term loans00000000
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue05,7000000110100
interest20,1082,3973435015,8983,6005010
cash flow from financing-979,51325,598-35,65899,923512,02815,297667,983100
cash and cash equivalents
cash104,080202,910-249,721-65,611-505,698638,524400,6740
overdraft00000000
change in cash104,080202,910-249,721-65,611-505,698638,524400,6740

cross developments (sussex) limited 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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Cross Developments (sussex) Limited Competitor Analysis

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Perform a competitor analysis for cross developments (sussex) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BN7 area or any other competitors across 12 key performance metrics.

cross developments (sussex) limited Ownership

CROSS DEVELOPMENTS (SUSSEX) LIMITED group structure

Cross Developments (Sussex) Limited has 5 subsidiary companies.

CROSS DEVELOPMENTS (SUSSEX) LIMITED Shareholders

marcia cross 50%
robin cross 50%

cross developments (sussex) limited directors

Cross Developments (Sussex) Limited currently has 2 directors. The longest serving directors include Mrs Marcia Cross (Mar 2015) and Mr Robin Cross (Mar 2015).

officercountryagestartendrole
Mrs Marcia CrossEngland57 years Mar 2015- Director
Mr Robin CrossEngland59 years Mar 2015- Director

P&L

March 2023

turnover

224.5k

-73%

operating profit

2.9m

0%

gross margin

25.8%

+8.74%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

3.4m

+2.17%

total assets

3.8m

+0.62%

cash

525.2k

+0.25%

net assets

Total assets minus all liabilities

cross developments (sussex) limited company details

company number

09477066

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

March 2015

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

HENTON RANSOM LIMITED

auditor

-

address

ord kingston road, lewes, BN7 3NB

Bank

-

Legal Advisor

-

cross developments (sussex) 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 cross developments (sussex) limited.

cross developments (sussex) 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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cross developments (sussex) limited Companies House Filings - See Documents

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