quidnet reit limited
quidnet reit limited Company Information
Company Number
09718143
Next Accounts
Sep 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
rjs tice family sipp
rjs tice family settlement
View AllGroup Structure
View All
Contact
Registered Address
24 berkeley square, london, 24 berkeley square, london, W1J 6HE
Website
www.quidnetreit.comquidnet reit limited Estimated Valuation
Pomanda estimates the enterprise value of QUIDNET REIT LIMITED at £9.7m based on a Turnover of £2.4m and 4.11x industry multiple (adjusted for size and gross margin).
quidnet reit limited Estimated Valuation
Pomanda estimates the enterprise value of QUIDNET REIT LIMITED at £18.4m based on an EBITDA of £2.2m and a 8.47x industry multiple (adjusted for size and gross margin).
quidnet reit limited Estimated Valuation
Pomanda estimates the enterprise value of QUIDNET REIT LIMITED at £30.4m based on Net Assets of £17.5m and 1.74x industry multiple (adjusted for liquidity).
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Quidnet Reit Limited Overview
Quidnet Reit Limited is a live company located in london, W1J 6HE with a Companies House number of 09718143. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2015, it's largest shareholder is rjs tice family sipp with a 36.8% stake. Quidnet Reit Limited is a young, small sized company, Pomanda has estimated its turnover at £2.4m with high growth in recent years.
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Quidnet Reit Limited Health Check
Pomanda's financial health check has awarded Quidnet Reit Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £2.4m, make it larger than the average company (£1.1m)
£2.4m - Quidnet Reit Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.6%)
21% - Quidnet Reit Limited
3.6% - Industry AVG
Production
with a gross margin of 91.9%, this company has a lower cost of product (71%)
91.9% - Quidnet Reit Limited
71% - Industry AVG
Profitability
an operating margin of 91.6% make it more profitable than the average company (21.8%)
91.6% - Quidnet Reit Limited
21.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Quidnet Reit Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Quidnet Reit Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £790.1k, this is more efficient (£201.6k)
£790.1k - Quidnet Reit Limited
£201.6k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (33 days)
55 days - Quidnet Reit Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 371 days, this is slower than average (35 days)
371 days - Quidnet Reit Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Quidnet Reit Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (11 weeks)
21 weeks - Quidnet Reit Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.4%, this is a lower level of debt than the average (71.1%)
49.4% - Quidnet Reit Limited
71.1% - Industry AVG
QUIDNET REIT LIMITED financials
Quidnet Reit Limited's latest turnover from December 2023 is £2.4 million and the company has net assets of £17.5 million. According to their latest financial statements, Quidnet Reit Limited has 3 employees and maintains cash reserves of £641.6 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 2,370,438 | 1,940,732 | 1,523,968 | 1,337,534 | 1,282,531 | 1,146,291 | 874,243 | 752,124 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 191,843 | 419,055 | 159,720 | 200,388 | 92,588 | 37,418 | 97,311 | 102,482 |
| Gross Profit | 2,178,595 | 1,521,677 | 1,364,248 | 1,137,146 | 1,189,943 | 1,108,873 | 776,932 | 649,642 |
| Admin Expenses | 8,198 | 358,442 | 213,106 | 133,676 | 148,842 | 206,605 | 271,148 | 203,233 |
| Operating Profit | 2,170,397 | 1,163,235 | 1,151,142 | 1,003,470 | 1,041,101 | 902,268 | 505,784 | 446,409 |
| Interest Payable | 820,432 | 543,685 | 250,449 | 262,113 | 281,160 | 252,235 | 162,751 | 137,909 |
| Interest Receivable | 0 | 0 | 0 | 15 | 121 | 20 | 10 | 109 |
| Pre-Tax Profit | 845,821 | 1,666,080 | 5,438,373 | 921,565 | 1,226,457 | 554,374 | 980,882 | 554,436 |
| Tax | 391,428 | -461,048 | -103,548 | 0 | 0 | 16,031 | -118,513 | -110,887 |
| Profit After Tax | 1,237,249 | 1,205,032 | 5,334,825 | 921,565 | 1,226,457 | 570,405 | 862,369 | 443,549 |
| Dividends Paid | 744,559 | 758,520 | 343,138 | 0 | 88,532 | 136,565 | 0 | 0 |
| Retained Profit | 492,690 | 446,512 | 4,991,687 | 921,565 | 1,137,925 | 433,840 | 862,369 | 443,549 |
| Employee Costs | ||||||||
| Number Of Employees | 3 | 3 | 3 | 2 | 2 | 2 | ||
| EBITDA* | 2,170,397 | 1,163,235 | 1,151,142 | 1,003,470 | 1,041,101 | 902,268 | 505,784 | 446,409 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 31,940,000 | 31,500,000 | 24,594,976 | 19,532,281 | 16,950,000 | 12,960,000 | 12,625,000 | 8,727,850 |
| Debtors (Due After 1 year) | 509,310 | 903,364 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 32,449,310 | 32,403,364 | 24,594,976 | 19,532,281 | 16,950,000 | 12,960,000 | 12,625,000 | 8,727,850 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 361,213 | 527,088 | 436,585 | 406,966 | 545,704 | 93,609 | 174,893 | 82,065 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,144,209 | 921,679 | 588,162 | 466,818 | 354,542 | 368,326 | 221,956 | 78,270 |
| Cash | 641,641 | 632,719 | 216,987 | 168,974 | 70,224 | 147,367 | 194,278 | 114,870 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,147,063 | 2,081,486 | 1,241,734 | 1,042,758 | 970,470 | 609,302 | 591,127 | 275,205 |
| total assets | 34,596,373 | 34,484,850 | 25,836,710 | 20,575,039 | 17,920,470 | 13,569,302 | 13,216,127 | 9,003,055 |
| Bank overdraft | 0 | 0 | 1,813,010 | 455,200 | 421,126 | 359,570 | 364,376 | 102 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 195,367 | 385,514 | 269,354 | 194,873 | 313,780 | 43,439 | 10,931 | 7,232 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1,359,594 | 1,417,282 | 988,683 | 891,387 | 827,169 | 547,345 | 602,828 | 284,647 |
| total current liabilities | 1,554,961 | 1,802,796 | 3,071,047 | 1,541,460 | 1,562,075 | 950,354 | 978,135 | 291,981 |
| loans | 15,417,443 | 14,665,961 | 6,659,827 | 8,553,880 | 7,679,758 | 6,326,340 | 6,277,581 | 4,218,510 |
| 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 | 104,071 | 495,499 | 34,450 | 0 | 0 | 0 | 101,643 | 49,165 |
| total long term liabilities | 15,521,514 | 15,161,460 | 6,694,277 | 8,553,880 | 7,679,758 | 6,326,340 | 6,379,224 | 4,267,675 |
| total liabilities | 17,076,475 | 16,964,256 | 9,765,324 | 10,095,340 | 9,241,833 | 7,276,694 | 7,357,359 | 4,559,656 |
| net assets | 17,519,898 | 17,520,594 | 16,071,386 | 10,479,699 | 8,678,637 | 6,292,608 | 5,858,768 | 4,443,399 |
| total shareholders funds | 17,519,898 | 17,520,594 | 16,071,386 | 10,479,699 | 8,678,637 | 6,292,608 | 5,858,768 | 4,443,399 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,170,397 | 1,163,235 | 1,151,142 | 1,003,470 | 1,041,101 | 902,268 | 505,784 | 446,409 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 391,428 | -461,048 | -103,548 | 0 | 0 | 16,031 | -118,513 | -110,887 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -337,399 | 1,327,384 | 150,963 | -26,462 | 438,311 | 65,086 | 236,514 | 160,335 |
| Creditors | -190,147 | 116,160 | 74,481 | -118,907 | 270,341 | 32,508 | 3,699 | 7,232 |
| Accruals and Deferred Income | -57,688 | 428,599 | 97,296 | 64,218 | 279,824 | -55,483 | 318,181 | 284,647 |
| Deferred Taxes & Provisions | -391,428 | 461,049 | 34,450 | 0 | 0 | -101,643 | 52,478 | 49,165 |
| Cash flow from operations | 2,259,961 | 380,611 | 1,102,858 | 975,243 | 1,152,955 | 728,595 | 525,115 | 516,231 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||||
| Change in Investments | 440,000 | 6,905,024 | 5,062,695 | 2,582,281 | 3,990,000 | 335,000 | 3,897,150 | 8,727,850 |
| cash flow from investments | -440,000 | -6,905,024 | -5,062,695 | -2,582,281 | ||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 751,482 | 8,006,134 | -1,894,053 | 874,122 | 1,353,418 | 48,759 | 2,059,071 | 4,218,510 |
| 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 | -820,432 | -543,685 | -250,449 | -262,098 | -281,039 | -252,215 | -162,741 | -137,800 |
| cash flow from financing | -562,336 | 8,465,145 | -1,544,502 | 1,491,521 | 2,320,483 | -203,456 | 2,449,330 | 8,080,560 |
| cash and cash equivalents | ||||||||
| cash | 8,922 | 415,732 | 48,013 | 98,750 | -77,143 | -46,911 | 79,408 | 114,870 |
| overdraft | 0 | -1,813,010 | 1,357,810 | 34,074 | 61,556 | -4,806 | 364,274 | 102 |
| change in cash | 8,922 | 2,228,742 | -1,309,797 | 64,676 | -138,699 | -42,105 | -284,866 | 114,768 |
quidnet reit limited Credit Report and Business Information
Quidnet Reit Limited Competitor Analysis
Perform a competitor analysis for quidnet reit limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1J area or any other competitors across 12 key performance metrics.
quidnet reit limited Ownership
QUIDNET REIT LIMITED group structure
Quidnet Reit Limited has 1 subsidiary company.
Ultimate parent company
QUIDNET REIT LIMITED
09718143
1 subsidiary
quidnet reit limited directors
Quidnet Reit Limited currently has 3 directors. The longest serving directors include Mr Richard Tice (Aug 2015) and Mr Nicholas Tribe (Oct 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Tice | United Kingdom | 60 years | Aug 2015 | - | Director |
| Mr Nicholas Tribe | 58 years | Oct 2015 | - | Director | |
| Mr John Purcell | United Kingdom | 61 years | Dec 2019 | - | Director |
P&L
December 2023turnover
2.4m
+22%
operating profit
2.2m
+87%
gross margin
92%
+17.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
17.5m
0%
total assets
34.6m
0%
cash
641.6k
+0.01%
net assets
Total assets minus all liabilities
quidnet reit limited company details
company number
09718143
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
August 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
quidnet (ghb) ltd (April 2019)
gh 2015 newco limited (November 2015)
accountant
MFP SERVICES LTD
auditor
TAYLOR ASSOCIATES LLP
address
24 berkeley square, london, 24 berkeley square, london, W1J 6HE
Bank
-
Legal Advisor
-
quidnet reit 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 17 charges/mortgages relating to quidnet reit limited. Currently there are 10 open charges and 7 have been satisfied in the past.
quidnet reit 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 QUIDNET REIT LIMITED. This can take several minutes, an email will notify you when this has completed.
quidnet reit limited Companies House Filings - See Documents
| date | description | view/download |
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