massey's folly development limited
massey's folly development limited Company Information
Company Number
09533249
Website
-Registered Address
c/o evelyn partners llp, gresham street, london, EC2V 7BG
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
966 days late
Group Structure
View All
Directors
Nicholas Sutton9 Years
Shareholders
massey's folly holdings limited 100%
massey's folly development limited Estimated Valuation
Pomanda estimates the enterprise value of MASSEY'S FOLLY DEVELOPMENT LIMITED at £679.9k based on a Turnover of £434.9k and 1.56x industry multiple (adjusted for size and gross margin).
massey's folly development limited Estimated Valuation
Pomanda estimates the enterprise value of MASSEY'S FOLLY DEVELOPMENT LIMITED at £2.2m based on an EBITDA of £598.6k and a 3.7x industry multiple (adjusted for size and gross margin).
massey's folly development limited Estimated Valuation
Pomanda estimates the enterprise value of MASSEY'S FOLLY DEVELOPMENT LIMITED at £0 based on Net Assets of £-42.4k and 1.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Massey's Folly Development Limited Overview
Massey's Folly Development Limited is a live company located in london, EC2V 7BG with a Companies House number of 09533249. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 2015, it's largest shareholder is massey's folly holdings limited with a 100% stake. Massey's Folly Development Limited is a young, micro sized company, Pomanda has estimated its turnover at £434.9k with rapid growth in recent years.
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Massey's Folly Development Limited Health Check
Pomanda's financial health check has awarded Massey'S Folly Development Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £434.9k, make it smaller than the average company (£772.4k)
- Massey's Folly Development Limited
£772.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (2.9%)
- Massey's Folly Development Limited
2.9% - Industry AVG
Production
with a gross margin of 21.1%, this company has a higher cost of product (68.6%)
- Massey's Folly Development Limited
68.6% - Industry AVG
Profitability
an operating margin of 137.6% make it more profitable than the average company (40.2%)
- Massey's Folly Development Limited
40.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Massey's Folly Development Limited
4 - Industry AVG
Pay Structure
on an average salary of £38.8k, the company has an equivalent pay structure (£38.8k)
- Massey's Folly Development Limited
£38.8k - Industry AVG
Efficiency
resulting in sales per employee of £434.9k, this is more efficient (£236.3k)
- Massey's Folly Development Limited
£236.3k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (25 days)
- Massey's Folly Development Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (40 days)
- Massey's Folly Development Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 3763 days, this is more than average (668 days)
- Massey's Folly Development Limited
668 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (6 weeks)
13 weeks - Massey's Folly Development Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.2%, this is a higher level of debt than the average (63.7%)
101.2% - Massey's Folly Development Limited
63.7% - Industry AVG
MASSEY'S FOLLY DEVELOPMENT LIMITED financials
Massey'S Folly Development Limited's latest turnover from March 2020 is estimated at £434.9 thousand and the company has net assets of -£42.4 thousand. According to their latest financial statements, we estimate that Massey'S Folly Development Limited has 1 employee and maintains cash reserves of £15 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 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 | 0 | 0 | 0 | ||
| Number Of Employees | 3 | 3 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 3,536,727 | 938,609 | 938,609 | 936,717 | 914,124 |
| Trade Debtors | 149,508 | 17,164 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 15,339 | 29,724 | 14,032 |
| Cash | 14,994 | 67,448 | 20,631 | 10,010 | 27,502 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,701,229 | 1,023,221 | 974,579 | 976,451 | 955,658 |
| total assets | 3,701,229 | 1,023,221 | 974,579 | 976,451 | 955,658 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 59,101 | 1,550,574 | 356 | 6,613 | 3,435 |
| Group/Directors Accounts | 0 | 0 | 1,234,080 | 1,080,767 | 501,864 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 144 | 0 | 0 |
| total current liabilities | 59,101 | 1,550,574 | 1,234,580 | 1,087,380 | 505,299 |
| loans | 0 | 0 | 0 | 0 | 500,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,684,554 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,684,554 | 0 | 0 | 0 | 500,000 |
| total liabilities | 3,743,655 | 1,550,574 | 1,234,580 | 1,087,380 | 1,005,299 |
| net assets | -42,426 | -527,353 | -260,001 | -110,929 | -49,641 |
| total shareholders funds | -42,426 | -527,353 | -260,001 | -110,929 | -49,641 |
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | 2,598,118 | 0 | 1,892 | 22,593 | 914,124 |
| Debtors | 132,344 | 1,825 | -14,385 | 15,692 | 14,032 |
| Creditors | -1,491,473 | 1,550,218 | -6,257 | 3,178 | 3,435 |
| Accruals and Deferred Income | 0 | -144 | 144 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -1,234,080 | 153,313 | 578,903 | 501,864 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -500,000 | 500,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 3,684,554 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -52,454 | 46,817 | 10,621 | -17,492 | 27,502 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -52,454 | 46,817 | 10,621 | -17,492 | 27,502 |
massey's folly development limited Credit Report and Business Information
Massey's Folly Development Limited Competitor Analysis
Perform a competitor analysis for massey's folly development limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EC2V area or any other competitors across 12 key performance metrics.
massey's folly development limited Ownership
MASSEY'S FOLLY DEVELOPMENT LIMITED group structure
Massey'S Folly Development Limited has no subsidiary companies.
Ultimate parent company
IPC DEVELOPMENTS
#0119754
2 parents
MASSEY'S FOLLY DEVELOPMENT LIMITED
09533249
massey's folly development limited directors
Massey'S Folly Development Limited currently has 1 director, Mr Nicholas Sutton serving since May 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Sutton | England | 55 years | May 2015 | - | Director |
P&L
March 2020turnover
434.9k
+5%
operating profit
598.6k
0%
gross margin
21.2%
-17.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
-42.4k
-0.92%
total assets
3.7m
+2.62%
cash
15k
-0.78%
net assets
Total assets minus all liabilities
Similar Companies
massey's folly development limited company details
company number
09533249
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
April 2015
age
9
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o evelyn partners llp, gresham street, london, EC2V 7BG
last accounts submitted
March 2020
massey's folly development 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 massey's folly development limited.
massey's folly development limited Companies House Filings - See Documents
| date | description | view/download |
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