troy homes limited
troy homes limited Company Information
Company Number
09740968
Next Accounts
33 days late
Shareholders
eric john spencer gadsden
richard graham werth
View AllGroup Structure
View All
Industry
Buying and selling of own real estate
Registered Address
the bachelor wing, warlies park house, upshire, EN9 3SL
Website
troyhomes.co.uktroy homes limited Estimated Valuation
Pomanda estimates the enterprise value of TROY HOMES LIMITED at £83.1m based on a Turnover of £26.7m and 3.11x industry multiple (adjusted for size and gross margin).
troy homes limited Estimated Valuation
Pomanda estimates the enterprise value of TROY HOMES LIMITED at £14.8m based on an EBITDA of £2.3m and a 6.41x industry multiple (adjusted for size and gross margin).
troy homes limited Estimated Valuation
Pomanda estimates the enterprise value of TROY HOMES LIMITED at £5.9m based on Net Assets of £3.8m and 1.55x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Troy Homes Limited Overview
Troy Homes Limited is a live company located in upshire, EN9 3SL with a Companies House number of 09740968. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in August 2015, it's largest shareholder is eric john spencer gadsden with a 45.9% stake. Troy Homes Limited is a established, large sized company, Pomanda has estimated its turnover at £26.7m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Troy Homes Limited Health Check
Pomanda's financial health check has awarded Troy Homes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £26.7m, make it larger than the average company (£905k)
£26.7m - Troy Homes Limited
£905k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.1%)
6% - Troy Homes Limited
2.1% - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (66.4%)
17.6% - Troy Homes Limited
66.4% - Industry AVG
Profitability
an operating margin of 8.5% make it less profitable than the average company (35%)
8.5% - Troy Homes Limited
35% - Industry AVG
Employees
with 26 employees, this is above the industry average (4)
26 - Troy Homes Limited
4 - Industry AVG
Pay Structure
on an average salary of £85.6k, the company has a higher pay structure (£36k)
£85.6k - Troy Homes Limited
£36k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£199.7k)
£1m - Troy Homes Limited
£199.7k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (26 days)
13 days - Troy Homes Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (31 days)
43 days - Troy Homes Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 570 days, this is more than average (433 days)
570 days - Troy Homes Limited
433 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (9 weeks)
16 weeks - Troy Homes Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (63.7%)
91.2% - Troy Homes Limited
63.7% - Industry AVG
TROY HOMES LIMITED financials
Troy Homes Limited's latest turnover from March 2023 is £26.7 million and the company has net assets of £3.8 million. According to their latest financial statements, Troy Homes Limited has 26 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 26,747,627 | 13,260,213 | 8,984,365 | 22,350,951 | 21,183,237 | 14,007,576 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 22,035,447 | 8,354,650 | 8,162,946 | 18,352,041 | 17,380,297 | 10,961,123 | 14,849 | |
| Gross Profit | 4,712,180 | 4,905,563 | 821,419 | 3,998,910 | 3,802,940 | 3,046,453 | -14,849 | |
| Admin Expenses | 2,443,380 | 2,180,358 | 881,169 | 2,015,503 | 1,959,798 | 1,572,747 | 991,270 | |
| Operating Profit | 2,268,800 | 2,725,205 | -59,750 | 1,983,407 | 1,843,142 | 1,473,706 | -1,006,119 | |
| Interest Payable | 2,311,802 | 1,907,641 | 1,502,127 | 1,728,924 | 1,635,264 | 1,353,989 | 727,039 | |
| Interest Receivable | 5 | 568 | 1,143 | 485 | 453 | 0 | 2 | |
| Pre-Tax Profit | -42,997 | 818,132 | -1,560,734 | 254,968 | 208,331 | 119,717 | -1,733,156 | |
| Tax | 42,270 | -294,014 | 214,894 | -52,067 | -70,168 | -23,237 | 314,914 | |
| Profit After Tax | -727 | 524,118 | -1,345,840 | 202,901 | 138,163 | 96,480 | -1,418,242 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 73,667 | 508,684 | -1,345,840 | 202,901 | 138,163 | 96,480 | -1,418,242 | |
| Employee Costs | 2,226,701 | 1,935,009 | 1,389,669 | 1,604,077 | 1,493,483 | 1,250,572 | ||
| Number Of Employees | 26 | 21 | 19 | 23 | 24 | 15 | 9 | |
| EBITDA* | 2,308,824 | 2,737,803 | -43,431 | 2,004,319 | 1,873,887 | 1,524,788 | -990,397 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 146,515 | 27,884 | 28,044 | 36,255 | 57,166 | 51,218 | 52,226 | 36,815 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,199,828 | 5,343,834 | 3,516,200 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 222,031 | 179,761 | 473,775 | 258,881 | 310,948 | 377,185 | 400,422 | 85,508 |
| Total Fixed Assets | 5,568,374 | 5,551,479 | 4,018,019 | 295,136 | 368,114 | 428,403 | 452,648 | 122,323 |
| Stock & work in progress | 34,454,061 | 30,373,954 | 36,111,380 | 30,749,774 | 24,789,554 | 23,029,495 | 19,432,567 | 4,950,655 |
| Trade Debtors | 1,012,526 | 15,275 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 607,426 | 1,479,216 | 1,349,448 | 1,864,344 | 587,618 | 232,917 | 231,162 | 2,971,375 |
| Cash | 1,917,709 | 1,701,753 | 2,081,615 | 1,309,072 | 5,879,386 | 2,077,670 | 507,101 | 193,243 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 37,991,722 | 33,570,198 | 39,542,443 | 33,923,190 | 31,256,558 | 25,340,082 | 20,170,830 | 8,115,273 |
| total assets | 43,560,096 | 39,121,677 | 43,560,462 | 34,218,326 | 31,624,672 | 25,768,485 | 20,623,478 | 8,237,596 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 6,954,634 | 8,427,374 | 3,039,985 |
| Bank loan | 1,500,000 | 2,500,000 | 1,208,333 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,598,178 | 1,829,693 | 1,097,182 | 1,179,407 | 1,678,568 | 809,495 | 450,598 | 83,318 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 630,000 | 930,255 | 0 | 1,132,037 | 0 | 0 |
| hp & lease commitments | 9,223 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,981,190 | 2,665,781 | 5,989,433 | 3,507,275 | 2,580,682 | 4,101,881 | 1,147,493 | 30,334 |
| total current liabilities | 6,088,591 | 6,995,474 | 8,924,948 | 5,616,937 | 4,259,250 | 12,998,047 | 10,025,465 | 3,153,637 |
| loans | 33,570,750 | 28,367,091 | 31,446,254 | 24,066,289 | 24,203,223 | 11,733,277 | 8,297,782 | 1,537,955 |
| hp & lease commitments | 67,976 | 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 | 2,600,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,638,726 | 28,367,091 | 31,446,254 | 24,066,289 | 24,203,223 | 11,733,277 | 10,897,782 | 1,537,955 |
| total liabilities | 39,727,317 | 35,362,565 | 40,371,202 | 29,683,226 | 28,462,473 | 24,731,324 | 20,923,247 | 4,691,592 |
| net assets | 3,832,779 | 3,759,112 | 3,189,260 | 4,535,100 | 3,162,199 | 1,037,161 | -299,769 | 3,546,004 |
| total shareholders funds | 3,832,779 | 3,759,112 | 3,189,260 | 4,535,100 | 3,162,199 | 1,037,161 | -299,769 | 3,546,004 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,268,800 | 2,725,205 | -59,750 | 1,983,407 | 1,843,142 | 1,473,706 | -1,006,119 | |
| Depreciation | 40,024 | 12,598 | 16,319 | 20,912 | 30,745 | 51,082 | 15,722 | 3,245 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 42,270 | -294,014 | 214,894 | -52,067 | -70,168 | -23,237 | 314,914 | |
| Stock | 4,080,107 | -5,737,426 | 5,361,606 | 5,960,220 | 1,760,059 | 3,596,928 | 14,481,912 | 4,950,655 |
| Debtors | 167,731 | -148,971 | -300,002 | 1,224,659 | 288,464 | -21,482 | -2,425,299 | 3,056,883 |
| Creditors | 768,485 | 732,511 | -82,225 | -499,161 | 869,073 | 358,897 | 367,280 | 83,318 |
| Accruals and Deferred Income | -684,591 | -3,323,652 | 2,482,158 | 926,593 | -1,521,199 | 2,954,388 | 1,117,159 | 30,334 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,812,850 | 5,739,045 | -2,490,208 | -4,805,195 | -896,930 | 1,239,390 | -11,247,657 | |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -36,693 | -24,749 | ||
| Change in Investments | -144,006 | 1,827,634 | 3,516,200 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 144,006 | -1,827,634 | -3,516,200 | 0 | -36,693 | -24,749 | ||
| Financing Activities | ||||||||
| Bank loans | -1,000,000 | 1,291,667 | 1,208,333 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -630,000 | -300,255 | 930,255 | -1,132,037 | 1,132,037 | 0 | 0 |
| Long term loans | 5,203,659 | -3,079,163 | 7,379,965 | -136,934 | 12,469,946 | 3,435,495 | 6,759,827 | 1,537,955 |
| Hire Purchase and Lease Commitments | 77,199 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -2,600,000 | 2,600,000 | 0 |
| share issue | ||||||||
| interest | -2,311,797 | -1,907,073 | -1,500,984 | -1,728,439 | -1,634,811 | -1,353,989 | -727,037 | |
| cash flow from financing | 1,969,061 | -4,263,401 | 6,787,059 | 234,882 | 11,689,973 | 1,853,993 | 6,205,259 | |
| cash and cash equivalents | ||||||||
| cash | 215,956 | -379,862 | 772,543 | -4,570,314 | 3,801,716 | 1,570,569 | 313,858 | 193,243 |
| overdraft | 0 | 0 | 0 | 0 | -6,954,634 | -1,472,740 | 5,387,389 | 3,039,985 |
| change in cash | 215,956 | -379,862 | 772,543 | -4,570,314 | 10,756,350 | 3,043,309 | -5,073,531 | -2,846,742 |
troy homes limited Credit Report and Business Information
Troy Homes Limited Competitor Analysis
Perform a competitor analysis for troy homes limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in EN9 area or any other competitors across 12 key performance metrics.
troy homes limited Ownership
TROY HOMES LIMITED group structure
Troy Homes Limited has 6 subsidiary companies.
Ultimate parent company
TROY HOMES LIMITED
09740968
6 subsidiaries
troy homes limited directors
Troy Homes Limited currently has 8 directors. The longest serving directors include Mr Richard Werth (Aug 2015) and Mr Stewart Baseley (Nov 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Werth | 64 years | Aug 2015 | - | Director | |
| Mr Stewart Baseley | England | 66 years | Nov 2015 | - | Director |
| Mr Adrian Cook | England | 49 years | Oct 2018 | - | Director |
| Ms Karen Roake | England | 52 years | Oct 2018 | - | Director |
| Mr Glenn Smyth | United Kingdom | 57 years | Oct 2021 | - | Director |
| Mr Phillip Wright | United Kingdom | 39 years | Jul 2023 | - | Director |
| Mr Christopher Quirk | United Kingdom | 37 years | Jul 2023 | - | Director |
| Mr Anthony Hughes | United Kingdom | 56 years | May 2024 | - | Director |
P&L
March 2023turnover
26.7m
+102%
operating profit
2.3m
-17%
gross margin
17.7%
-52.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.8m
+0.02%
total assets
43.6m
+0.11%
cash
1.9m
+0.13%
net assets
Total assets minus all liabilities
troy homes limited company details
company number
09740968
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG
address
the bachelor wing, warlies park house, upshire, EN9 3SL
Bank
HSBC BANK PLC
Legal Advisor
-
troy homes 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 32 charges/mortgages relating to troy homes limited. Currently there are 15 open charges and 17 have been satisfied in the past.
troy homes 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 TROY HOMES LIMITED. This can take several minutes, an email will notify you when this has completed.
troy homes limited Companies House Filings - See Documents
| date | description | view/download |
|---|
