ase ii developments limited
ase ii developments limited Company Information
Company Number
09587671
Next Accounts
Sep 2025
Shareholders
ase holdings ii (2) llp
Group Structure
View All
Industry
Development of building projects
Registered Address
sloane square house, 1 holbein place, london, SW1W 8NS
Website
-ase ii developments limited Estimated Valuation
Pomanda estimates the enterprise value of ASE II DEVELOPMENTS LIMITED at £0 based on a Turnover of £120 and -31.25x industry multiple (adjusted for size and gross margin).
ase ii developments limited Estimated Valuation
Pomanda estimates the enterprise value of ASE II DEVELOPMENTS LIMITED at £183.3k based on an EBITDA of £-742 and a -247.09x industry multiple (adjusted for size and gross margin).
ase ii developments limited Estimated Valuation
Pomanda estimates the enterprise value of ASE II DEVELOPMENTS LIMITED at £19.2m based on Net Assets of £13.6m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ase Ii Developments Limited Overview
Ase Ii Developments Limited is a live company located in london, SW1W 8NS with a Companies House number of 09587671. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2015, it's largest shareholder is ase holdings ii (2) llp with a 100% stake. Ase Ii Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £120 with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ase Ii Developments Limited Health Check
Pomanda's financial health check has awarded Ase Ii Developments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
7 Weak
Size
annual sales of £120, make it smaller than the average company (£2.5m)
£120 - Ase Ii Developments Limited
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ase Ii Developments Limited
- - Industry AVG
Production
with a gross margin of -3487.5%, this company has a higher cost of product (27.1%)
-3487.5% - Ase Ii Developments Limited
27.1% - Industry AVG
Profitability
an operating margin of -618.3% make it less profitable than the average company (7%)
-618.3% - Ase Ii Developments Limited
7% - Industry AVG
Employees
with 3 employees, this is below the industry average (7)
3 - Ase Ii Developments Limited
7 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Ase Ii Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £40, this is less efficient (£290.3k)
£40 - Ase Ii Developments Limited
£290.3k - Industry AVG
Debtor Days
it gets paid by customers after 24704 days, this is later than average (28 days)
24704 days - Ase Ii Developments Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 78581 days, this is slower than average (31 days)
78581 days - Ase Ii Developments Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ase Ii Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (12 weeks)
6 weeks - Ase Ii Developments Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.6%, this is a lower level of debt than the average (73.5%)
9.6% - Ase Ii Developments Limited
73.5% - Industry AVG
ASE II DEVELOPMENTS LIMITED financials
Ase Ii Developments Limited's latest turnover from December 2023 is £120 and the company has net assets of £13.6 million. According to their latest financial statements, Ase Ii Developments Limited has 3 employees and maintains cash reserves of £116 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 120 | 180 | 40,817 | 19,944,579 | 15,032,815 | 196,116 | 44,730 | ||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 4,305 | -97,547 | 38,406 | 8,758 | 15,396,713 | 416,602 | 15,393,163 | 351,336 | 24,437 |
| Gross Profit | -4,185 | 97,727 | 2,411 | -8,758 | 4,547,866 | -416,602 | -360,348 | -155,220 | 20,293 |
| Admin Expenses | -3,443 | 43,630 | 125 | 4,148 | 96,414 | 102,800 | 214,707 | 193,603 | 84,876 |
| Operating Profit | -742 | 54,097 | 2,286 | -12,906 | 4,451,452 | -519,402 | -575,055 | -348,823 | -64,583 |
| Interest Payable | 756,576 | 699,281 | 1,401,994 | 1,024,666 | 436,929 | ||||
| Interest Receivable | 1,031,795 | 979,005 | 907,891 | 231,929 | 4,867 | 372 | 1,340 | 2,216 | |
| Pre-Tax Profit | 1,031,053 | 1,033,102 | 910,177 | 219,023 | 3,699,743 | -1,217,792 | -1,976,677 | -1,372,149 | -499,296 |
| Tax | |||||||||
| Profit After Tax | 1,031,053 | 1,033,102 | 910,177 | 219,023 | 3,699,743 | -1,217,792 | -1,976,677 | -1,372,149 | -499,296 |
| Dividends Paid | |||||||||
| Retained Profit | 1,031,053 | 1,033,102 | 910,177 | 219,023 | 3,699,743 | -1,217,792 | -1,976,677 | -1,372,149 | -499,296 |
| Employee Costs | |||||||||
| Number Of Employees | 3 | 3 | 4 | ||||||
| EBITDA* | -742 | 54,097 | 2,286 | -12,906 | 4,451,452 | -519,402 | -575,055 | -348,823 | -64,583 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | 2,162,295 | 2,120,000 | |||||||
| Debtors (Due After 1 year) | 1,969,119 | 1,851,322 | 1,739,747 | 1,637,380 | 1,543,468 | ||||
| Total Fixed Assets | 4,131,414 | 3,971,322 | 1,739,747 | 1,637,380 | 1,543,468 | ||||
| Stock & work in progress | 9,702 | ||||||||
| Trade Debtors | 8,122 | 162 | 13,019 | 39,330 | 924 | 11,927 | 10,491 | 56,052 | 18,450,603 |
| Group Debtors | 10,711,079 | 10,969,430 | 10,262,052 | 7,561,774 | 14,716,671 | ||||
| Misc Debtors | 10,794 | 32,195 | 51,561 | 52,140 | 18,840,542 | 138,723 | 59,040 | 27,951 | |
| Cash | 115,980 | 20,913 | 81,535 | 2,055,032 | 2,022,600 | 124,813 | 301,288 | 279,027 | 1,958,474 |
| misc current assets | 32,982 | 22,267 | 10,836,726 | 9,264,825 | 21,607,349 | ||||
| total current assets | 10,878,957 | 11,044,967 | 10,417,869 | 9,708,276 | 20,864,066 | 10,984,429 | 24,431,998 | 22,001,468 | 20,437,028 |
| total assets | 15,010,371 | 15,016,289 | 12,157,616 | 11,345,656 | 22,407,534 | 10,984,429 | 24,431,998 | 22,001,468 | 20,437,028 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 926,826 | 998,348 | 226 | 12,769 | 5,986 | 171,303 | 62,129 | 9,405 | |
| Group/Directors Accounts | 50,000 | 10,437,214 | 18,268,013 | 14,094,019 | 12,052,937 | ||||
| other short term finances | 5,929,096 | ||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 15,560 | 56,009 | 153,560 | 189,234 | 1,089,704 | 100,003 | 835,964 | 429,589 | |
| total current liabilities | 942,386 | 1,054,357 | 153,786 | 252,003 | 11,532,904 | 6,309,542 | 18,539,319 | 14,992,112 | 12,491,931 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 500,000 | 1,425,000 | 500,000 | 500,000 | 500,000 | ||||
| provisions | |||||||||
| total long term liabilities | 500,000 | 1,425,000 | 500,000 | 500,000 | 500,000 | ||||
| total liabilities | 1,442,386 | 2,479,357 | 653,786 | 752,003 | 12,032,904 | 6,309,542 | 18,539,319 | 14,992,112 | 12,491,931 |
| net assets | 13,567,985 | 12,536,932 | 11,503,830 | 10,593,653 | 10,374,630 | 4,674,887 | 5,892,679 | 7,009,356 | 7,945,097 |
| total shareholders funds | 13,567,985 | 12,536,932 | 11,503,830 | 10,593,653 | 10,374,630 | 4,674,887 | 5,892,679 | 7,009,356 | 7,945,097 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -742 | 54,097 | 2,286 | -12,906 | 4,451,452 | -519,402 | -575,055 | -348,823 | -64,583 |
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -9,702 | 9,702 | |||||||
| Debtors | -153,995 | 786,730 | 2,775,755 | -11,094,310 | 20,373,007 | -14,853,958 | 14,750,793 | -18,363,462 | 18,478,554 |
| Creditors | -71,522 | 998,122 | -12,543 | 6,783 | 5,986 | -171,303 | 109,174 | 52,724 | 9,405 |
| Accruals and Deferred Income | -40,449 | -97,551 | -35,674 | -900,470 | 1,089,704 | -100,003 | -735,961 | 406,375 | 429,589 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 41,282 | 177,640 | -2,831,388 | 10,187,717 | -14,825,865 | -15,952,635 | 18,473,738 | -18,104,143 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 42,295 | 2,120,000 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -50,000 | -10,387,214 | 10,437,214 | -18,268,013 | 4,173,994 | 2,041,082 | 12,052,937 | ||
| Other Short Term Loans | -5,929,096 | 5,929,096 | |||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -925,000 | 925,000 | 500,000 | ||||||
| share issue | |||||||||
| interest | 1,031,795 | 979,005 | 907,891 | 231,929 | -751,709 | -1,401,622 | -1,023,326 | -434,713 | |
| cash flow from financing | 106,795 | 1,904,005 | 857,891 | -10,155,285 | 6,256,409 | 3,632,372 | 1,454,164 | 20,062,617 | |
| cash and cash equivalents | |||||||||
| cash | 95,067 | -60,622 | -1,973,497 | 32,432 | 1,897,787 | -176,475 | 22,261 | -1,679,447 | 1,958,474 |
| overdraft | |||||||||
| change in cash | 95,067 | -60,622 | -1,973,497 | 32,432 | 1,897,787 | -176,475 | 22,261 | -1,679,447 | 1,958,474 |
ase ii developments limited Credit Report and Business Information
Ase Ii Developments Limited Competitor Analysis
Perform a competitor analysis for ase ii developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in SW1W area or any other competitors across 12 key performance metrics.
ase ii developments limited Ownership
ASE II DEVELOPMENTS LIMITED group structure
Ase Ii Developments Limited has no subsidiary companies.
Ultimate parent company
ASE HOLDINGS II SARL
#0101031
2 parents
ASE II DEVELOPMENTS LIMITED
09587671
ase ii developments limited directors
Ase Ii Developments Limited currently has 3 directors. The longest serving directors include Mr Andrew Woods (May 2015) and Mr Nicholas Lee (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Woods | England | 62 years | May 2015 | - | Director |
| Mr Nicholas Lee | England | 51 years | Oct 2018 | - | Director |
| Mr Matthew Farrell | England | 36 years | Feb 2025 | - | Director |
P&L
December 2023turnover
120
-33%
operating profit
-742
-101%
gross margin
-3487.5%
-106.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.6m
+0.08%
total assets
15m
0%
cash
116k
+4.55%
net assets
Total assets minus all liabilities
ase ii developments limited company details
company number
09587671
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
sloane square house, 1 holbein place, london, SW1W 8NS
Bank
-
Legal Advisor
-
ase ii developments 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 2 charges/mortgages relating to ase ii developments limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ase ii developments 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.
Click to start generating capital raising & share issue transactions for ASE II DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
ase ii developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
