torquay developments limited
torquay developments limited Company Information
Company Number
09592882
Website
-Registered Address
unit 6, marble court business pa, lymington road, torquay, devon, TQ1 4FB
Industry
Development of building projects
Telephone
01803313438
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
deborah caroline howard 50%
christopher dennis howard 50%
torquay developments limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUAY DEVELOPMENTS LIMITED at £806.2k based on a Turnover of £2m and 0.4x industry multiple (adjusted for size and gross margin).
torquay developments limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUAY DEVELOPMENTS LIMITED at £3.1k based on an EBITDA of £1.1k and a 2.91x industry multiple (adjusted for size and gross margin).
torquay developments limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUAY DEVELOPMENTS LIMITED at £7.3k based on Net Assets of £4.7k and 1.55x industry multiple (adjusted for liquidity).
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Torquay Developments Limited Overview
Torquay Developments Limited is a live company located in torquay, TQ1 4FB with a Companies House number of 09592882. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2015, it's largest shareholder is deborah caroline howard with a 50% stake. Torquay Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.
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Torquay Developments Limited Health Check
Pomanda's financial health check has awarded Torquay Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £2m, make it in line with the average company (£2.2m)
- Torquay Developments Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.6%)
- Torquay Developments Limited
2.6% - Industry AVG
Production
with a gross margin of 9.4%, this company has a higher cost of product (25.9%)
- Torquay Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (7.5%)
- Torquay Developments Limited
7.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Torquay Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.8k, the company has an equivalent pay structure (£47.8k)
- Torquay Developments Limited
£47.8k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£288.1k)
- Torquay Developments Limited
£288.1k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (29 days)
- Torquay Developments Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (31 days)
- Torquay Developments Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Torquay Developments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Torquay Developments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.2%, this is a higher level of debt than the average (73.6%)
99.2% - Torquay Developments Limited
73.6% - Industry AVG
TORQUAY DEVELOPMENTS LIMITED financials
Torquay Developments Limited's latest turnover from May 2023 is estimated at £2 million and the company has net assets of £4.7 thousand. According to their latest financial statements, Torquay Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 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 | 2 | 2 | 2 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,073 | 33,680 | 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 | 47,073 | 33,680 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 235 | 235 | 0 |
| Trade Debtors | 571,923 | 577,953 | 646,503 | 597,073 | 375,962 | 2,200 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 130 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 100 | 150 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 571,923 | 577,953 | 646,503 | 597,073 | 375,962 | 2,665 | 385 | 100 |
| total assets | 618,996 | 611,633 | 646,503 | 597,073 | 375,962 | 2,665 | 385 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 614,253 | 607,699 | 642,899 | 593,703 | 374,333 | 120 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 1,306 | 200 | 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 | 1,000 | 0 | 400 | 0 | 0 |
| total current liabilities | 614,253 | 607,699 | 642,899 | 594,703 | 374,333 | 1,826 | 200 | 0 |
| 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 | 0 | 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 | 0 | 0 | 0 |
| total liabilities | 614,253 | 607,699 | 642,899 | 594,703 | 374,333 | 1,826 | 200 | 0 |
| net assets | 4,743 | 3,934 | 3,604 | 2,370 | 1,629 | 839 | 185 | 100 |
| total shareholders funds | 4,743 | 3,934 | 3,604 | 2,370 | 1,629 | 839 | 185 | 100 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | -235 | 0 | 235 | 0 |
| Debtors | -6,030 | -68,550 | 49,430 | 221,111 | 373,632 | 2,330 | 0 | 0 |
| Creditors | 6,554 | -35,200 | 49,196 | 219,370 | 374,213 | 120 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | -1,000 | 1,000 | -400 | 400 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| 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 | -1,306 | 1,106 | 200 | 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 | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | -100 | -50 | 50 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -100 | -50 | 50 | 100 |
torquay developments limited Credit Report and Business Information
Torquay Developments Limited Competitor Analysis
Perform a competitor analysis for torquay developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TQ1 area or any other competitors across 12 key performance metrics.
torquay developments limited Ownership
TORQUAY DEVELOPMENTS LIMITED group structure
Torquay Developments Limited has no subsidiary companies.
Ultimate parent company
TORQUAY DEVELOPMENTS LIMITED
09592882
torquay developments limited directors
Torquay Developments Limited currently has 2 directors. The longest serving directors include Mrs Deborah Howard (May 2015) and Mr Christopher Howard (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Deborah Howard | 60 years | May 2015 | - | Director | |
| Mr Christopher Howard | 76 years | May 2015 | - | Director |
P&L
May 2023turnover
2m
+1%
operating profit
1.1k
0%
gross margin
9.5%
-3.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
4.7k
+0.21%
total assets
619k
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
torquay developments limited company details
company number
09592882
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
unit 6, marble court business pa, lymington road, torquay, devon, TQ1 4FB
accountant
THE TAX SHOP LIMITED
auditor
-
torquay 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 8 charges/mortgages relating to torquay developments limited. Currently there are 6 open charges and 2 have been satisfied in the past.
torquay developments limited Companies House Filings - See Documents
| date | description | view/download |
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