development 53 ltd
development 53 ltd Company Information
Company Number
09755903
Website
development53.co.ukRegistered Address
stanmore house, 64-68 blackburn street, manchester, M26 2JS
Industry
Construction of domestic buildings
Telephone
-
Next Accounts Due
308 days late
Group Structure
View All
Directors
John Downes8 Years
Shareholders
john downes 100%
development 53 ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT 53 LTD at £1.6m based on a Turnover of £3.8m and 0.44x industry multiple (adjusted for size and gross margin).
development 53 ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT 53 LTD at £0 based on an EBITDA of £-130.3k and a 3.51x industry multiple (adjusted for size and gross margin).
development 53 ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT 53 LTD at £0 based on Net Assets of £-134.7k and 1.29x industry multiple (adjusted for liquidity).
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Development 53 Ltd Overview
Development 53 Ltd is a live company located in manchester, M26 2JS with a Companies House number of 09755903. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in September 2015, it's largest shareholder is john downes with a 100% stake. Development 53 Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.8m with low growth in recent years.
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Development 53 Ltd Health Check
Pomanda's financial health check has awarded Development 53 Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £3.8m, make it larger than the average company (£621.2k)
- Development 53 Ltd
£621.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.3%)
- Development 53 Ltd
3.3% - Industry AVG
Production
with a gross margin of 19.1%, this company has a comparable cost of product (19.1%)
- Development 53 Ltd
19.1% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (5.9%)
- Development 53 Ltd
5.9% - Industry AVG
Employees
with 19 employees, this is above the industry average (4)
- Development 53 Ltd
4 - Industry AVG
Pay Structure
on an average salary of £3.9k, the company has a lower pay structure (£39.7k)
- Development 53 Ltd
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £198.1k, this is equally as efficient (£204.3k)
- Development 53 Ltd
£204.3k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is later than average (26 days)
- Development 53 Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is close to average (31 days)
- Development 53 Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Development 53 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (20 weeks)
8 weeks - Development 53 Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.9%, this is a higher level of debt than the average (75.4%)
130.9% - Development 53 Ltd
75.4% - Industry AVG
development 53 ltd Credit Report and Business Information
Development 53 Ltd Competitor Analysis
Perform a competitor analysis for development 53 ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
development 53 ltd Ownership
DEVELOPMENT 53 LTD group structure
Development 53 Ltd has no subsidiary companies.
Ultimate parent company
DEVELOPMENT 53 LTD
09755903
development 53 ltd directors
Development 53 Ltd currently has 1 director, Mr John Downes serving since Sep 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Downes | England | 62 years | Sep 2015 | - | Director |
DEVELOPMENT 53 LTD financials
Development 53 Ltd's latest turnover from September 2021 is estimated at £3.8 million and the company has net assets of -£134.7 thousand. According to their latest financial statements, we estimate that Development 53 Ltd has 19 employees and maintains cash reserves of £41.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 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 | 73,547 | 96,410 | 64,671 | |||
| Number Of Employees | 6 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,652 | 7,438 | 7,673 | 8,540 | 7,229 | 1,529 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,652 | 7,438 | 7,673 | 8,540 | 7,229 | 1,529 |
| Stock & work in progress | 0 | 154,122 | 452,554 | 445,500 | 125,250 | 15,000 |
| Trade Debtors | 387,993 | 286,851 | 0 | 273,960 | 0 | 279 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 41,258 | 68,948 | 5,657 | 0 | 9,480 | 5,404 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 429,251 | 509,921 | 458,211 | 719,460 | 134,730 | 20,683 |
| total assets | 435,903 | 517,359 | 465,884 | 728,000 | 141,959 | 22,212 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 266,278 | 316,545 | 135,410 | 514,718 | 127,227 | 22,755 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 266,278 | 316,545 | 135,410 | 514,718 | 127,227 | 22,755 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 303,905 | 204,859 | 345,554 | 235,840 | 0 | 0 |
| provisions | 373 | 394 | 0 | 0 | 0 | 0 |
| total long term liabilities | 304,278 | 205,253 | 345,554 | 235,840 | 0 | 0 |
| total liabilities | 570,556 | 521,798 | 480,964 | 750,558 | 127,227 | 22,755 |
| net assets | -134,653 | -4,439 | -15,080 | -22,558 | 14,732 | -543 |
| total shareholders funds | -134,653 | -4,439 | -15,080 | -22,558 | 14,732 | -543 |
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 270 | |||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | -154,122 | -298,432 | 7,054 | 320,250 | 110,250 | 15,000 |
| Debtors | 101,142 | 286,851 | -273,960 | 273,960 | -279 | 279 |
| Creditors | -50,267 | 181,135 | -379,308 | 387,491 | 104,472 | 22,755 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -21 | 394 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 99,046 | -140,695 | 109,714 | 235,840 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -27,690 | 63,291 | 5,657 | -9,480 | 4,076 | 5,404 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -27,690 | 63,291 | 5,657 | -9,480 | 4,076 | 5,404 |
P&L
September 2021turnover
3.8m
+44%
operating profit
-130.3k
0%
gross margin
19.1%
-0.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
-134.7k
+29.33%
total assets
435.9k
-0.16%
cash
41.3k
-0.4%
net assets
Total assets minus all liabilities
Similar Companies
development 53 ltd company details
company number
09755903
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
September 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
stanmore house, 64-68 blackburn street, manchester, M26 2JS
last accounts submitted
September 2021
development 53 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 did not find charges/mortgages relating to development 53 ltd.
development 53 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
