manchester ace property developments ltd
manchester ace property developments ltd Company Information
Company Number
09735885
Next Accounts
4 days late
Shareholders
miriam salomon
yaakov menachem salomon
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
2nd floor, parkgates, bury new road, manchester, M25 0TL
Website
-manchester ace property developments ltd Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER ACE PROPERTY DEVELOPMENTS LTD at £752.3k based on a Turnover of £313.7k and 2.4x industry multiple (adjusted for size and gross margin).
manchester ace property developments ltd Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER ACE PROPERTY DEVELOPMENTS LTD at £136.2k based on an EBITDA of £29k and a 4.69x industry multiple (adjusted for size and gross margin).
manchester ace property developments ltd Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER ACE PROPERTY DEVELOPMENTS LTD at £206.2k based on Net Assets of £118.1k and 1.75x industry multiple (adjusted for liquidity).
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Manchester Ace Property Developments Ltd Overview
Manchester Ace Property Developments Ltd is a live company located in manchester, M25 0TL with a Companies House number of 09735885. 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 miriam salomon with a 50% stake. Manchester Ace Property Developments Ltd is a established, micro sized company, Pomanda has estimated its turnover at £313.7k with declining growth in recent years.
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Manchester Ace Property Developments Ltd Health Check
Pomanda's financial health check has awarded Manchester Ace Property Developments Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £313.7k, make it smaller than the average company (£833k)
- Manchester Ace Property Developments Ltd
£833k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.3%)
- Manchester Ace Property Developments Ltd
2.3% - Industry AVG
Production
with a gross margin of 30%, this company has a higher cost of product (72.9%)
- Manchester Ace Property Developments Ltd
72.9% - Industry AVG
Profitability
an operating margin of 9.3% make it less profitable than the average company (26.5%)
- Manchester Ace Property Developments Ltd
26.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Manchester Ace Property Developments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Manchester Ace Property Developments Ltd
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £156.8k, this is equally as efficient (£176.4k)
- Manchester Ace Property Developments Ltd
£176.4k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (33 days)
- Manchester Ace Property Developments Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 1128 days, this is slower than average (36 days)
- Manchester Ace Property Developments Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Manchester Ace Property Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Manchester Ace Property Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.9%, this is a higher level of debt than the average (67.4%)
89.9% - Manchester Ace Property Developments Ltd
67.4% - Industry AVG
MANCHESTER ACE PROPERTY DEVELOPMENTS LTD financials
Manchester Ace Property Developments Ltd's latest turnover from June 2023 is estimated at £313.7 thousand and the company has net assets of £118.1 thousand. According to their latest financial statements, Manchester Ace Property Developments Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,110,607 | 1,038,857 | 903,528 | 796,638 | 614,483 | 614,483 | 352,471 | 352,170 | |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 1,110,607 | 1,038,857 | 903,528 | 796,638 | 614,483 | 614,483 | 352,471 | 352,170 | |
| Stock & work in progress | |||||||||
| Trade Debtors | 53,460 | 53,042 | 58,624 | 65,186 | 53,001 | 59,570 | 64,413 | 38,278 | |
| Group Debtors | |||||||||
| Misc Debtors | 750 | ||||||||
| Cash | |||||||||
| misc current assets | 100 | ||||||||
| total current assets | 53,460 | 53,042 | 58,624 | 65,186 | 53,751 | 59,570 | 64,413 | 38,278 | 100 |
| total assets | 1,164,067 | 1,091,899 | 962,152 | 861,824 | 668,234 | 674,053 | 416,884 | 390,448 | 100 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 678,745 | 618,094 | 492,852 | 511,812 | 453,135 | 481,280 | 384,218 | 375,459 | |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 678,745 | 618,094 | 492,852 | 511,812 | 453,135 | 481,280 | 384,218 | 375,459 | |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 2,075 | 935 | 1,996 | 1,550 | 750 | ||||
| other liabilities | 365,160 | 376,562 | 380,562 | 272,477 | 152,477 | 152,487 | |||
| provisions | |||||||||
| total long term liabilities | 367,235 | 377,497 | 382,558 | 274,027 | 153,227 | 152,487 | |||
| total liabilities | 1,045,980 | 995,591 | 875,410 | 785,839 | 606,362 | 633,767 | 384,218 | 375,459 | |
| net assets | 118,087 | 96,308 | 86,742 | 75,985 | 61,872 | 40,286 | 32,666 | 14,989 | 100 |
| total shareholders funds | 118,087 | 96,308 | 86,742 | 75,985 | 61,872 | 40,286 | 32,666 | 14,989 | 100 |
| Jun 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | 418 | -5,582 | -6,562 | 11,435 | -5,819 | -4,843 | 26,135 | 38,278 | |
| Creditors | 60,651 | 125,242 | -18,960 | 58,677 | -28,145 | 97,062 | 8,759 | 375,459 | |
| Accruals and Deferred Income | 1,140 | -1,061 | 446 | 800 | 750 | ||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -11,402 | -4,000 | 108,085 | 120,000 | -10 | 152,487 | |||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | |||||||||
| overdraft | |||||||||
| change in cash |
manchester ace property developments ltd Credit Report and Business Information
Manchester Ace Property Developments Ltd Competitor Analysis
Perform a competitor analysis for manchester ace property developments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in M25 area or any other competitors across 12 key performance metrics.
manchester ace property developments ltd Ownership
MANCHESTER ACE PROPERTY DEVELOPMENTS LTD group structure
Manchester Ace Property Developments Ltd has 1 subsidiary company.
Ultimate parent company
MANCHESTER ACE PROPERTY DEVELOPMENTS LTD
09735885
1 subsidiary
manchester ace property developments ltd directors
Manchester Ace Property Developments Ltd currently has 2 directors. The longest serving directors include Mr Yaakov Salomon (Aug 2015) and Ms Miriam Salomon (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Yaakov Salomon | United Kingdom | 56 years | Aug 2015 | - | Director |
| Ms Miriam Salomon | 55 years | Aug 2015 | - | Director |
P&L
June 2023turnover
313.7k
-4%
operating profit
29k
0%
gross margin
30.1%
+21.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
118.1k
+0.23%
total assets
1.2m
+0.07%
cash
0
0%
net assets
Total assets minus all liabilities
manchester ace property developments ltd company details
company number
09735885
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
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
2nd floor, parkgates, bury new road, manchester, M25 0TL
Bank
-
Legal Advisor
-
manchester ace property developments ltd 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 4 charges/mortgages relating to manchester ace property developments ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
manchester ace property developments ltd 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 MANCHESTER ACE PROPERTY DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
manchester ace property developments ltd Companies House Filings - See Documents
| date | description | view/download |
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