skellett homes limited

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skellett homes limited Company Information

Share SKELLETT HOMES LIMITED

Company Number

09997028

Shareholders

kenneth william skellett

alison skellett

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Group Structure

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Industry

Construction of domestic buildings

 

Registered Address

bailey brook house amber drive, langley mill, nottingham, NG16 4BE

Website

-

skellett homes limited Estimated Valuation

£819.4k

Pomanda estimates the enterprise value of SKELLETT HOMES LIMITED at £819.4k based on a Turnover of £2.9m and 0.28x industry multiple (adjusted for size and gross margin).

skellett homes limited Estimated Valuation

£66.6k

Pomanda estimates the enterprise value of SKELLETT HOMES LIMITED at £66.6k based on an EBITDA of £26.2k and a 2.55x industry multiple (adjusted for size and gross margin).

skellett homes limited Estimated Valuation

£48.9k

Pomanda estimates the enterprise value of SKELLETT HOMES LIMITED at £48.9k based on Net Assets of £36.5k and 1.34x industry multiple (adjusted for liquidity).

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Skellett Homes Limited Overview

Skellett Homes Limited is a live company located in nottingham, NG16 4BE with a Companies House number of 09997028. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in February 2016, it's largest shareholder is kenneth william skellett with a 45% stake. Skellett Homes Limited is a young, small sized company, Pomanda has estimated its turnover at £2.9m with rapid growth in recent years.

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Skellett Homes Limited Health Check

Pomanda's financial health check has awarded Skellett Homes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.9m, make it larger than the average company (£469.4k)

£2.9m - Skellett Homes Limited

£469.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (10%)

32% - Skellett Homes Limited

10% - Industry AVG

production

Production

with a gross margin of 9.8%, this company has a higher cost of product (19.6%)

9.8% - Skellett Homes Limited

19.6% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (4.8%)

0.8% - Skellett Homes Limited

4.8% - Industry AVG

employees

Employees

with 5 employees, this is above the industry average (3)

5 - Skellett Homes Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)

£41.2k - Skellett Homes Limited

£41.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £578.7k, this is more efficient (£197.5k)

£578.7k - Skellett Homes Limited

£197.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (25 days)

2 days - Skellett Homes Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 146 days, this is slower than average (29 days)

146 days - Skellett Homes Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 149 days, this is less than average (251 days)

149 days - Skellett Homes Limited

251 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Skellett Homes Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.7%, this is a higher level of debt than the average (73.5%)

96.7% - Skellett Homes Limited

73.5% - Industry AVG

SKELLETT HOMES LIMITED financials

EXPORTms excel logo

Skellett Homes Limited's latest turnover from March 2024 is estimated at £2.9 million and the company has net assets of £36.5 thousand. According to their latest financial statements, we estimate that Skellett Homes Limited has 5 employees and maintains cash reserves of £10.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Turnover2,893,3472,572,7972,224,0041,256,107922,717904,7531,529,584178,032
Other Income Or Grants
Cost Of Sales2,609,1342,331,4952,016,2911,146,392834,580804,5261,352,730155,412
Gross Profit284,213241,302207,713109,71488,137100,227176,85422,620
Admin Expenses260,606267,415210,535108,91075,98437,457179,81227,847
Operating Profit23,607-26,113-2,82280412,15362,770-2,958-5,227
Interest Payable4,0283,873
Interest Receivable809790221131181582361
Pre-Tax Profit24,416-25,323-2,60193512,33363,352-6,950-9,099
Tax-6,104-178-2,343-12,037
Profit After Tax18,312-25,323-2,6017579,99051,315-6,950-9,099
Dividends Paid
Retained Profit18,312-25,323-2,6017579,99051,315-6,950-9,099
Employee Costs205,997170,787160,780111,264113,783124,993118,178112,116
Number Of Employees54433333
EBITDA*26,161-22,825-2,72580412,15362,770-2,958-5,227

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Tangible Assets8,88511,43914,727610
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets8,88511,43914,727610
Stock & work in progress1,066,1821,014,420856,706607,140226,065317,167714,901445,600
Trade Debtors16,37413,17229,05519,11513,7604,9877,996
Group Debtors
Misc Debtors7,346
Cash10,92019,90617,28641,592220,085141,43013,797664
misc current assets
total current assets1,093,4761,047,498903,047667,847459,910463,584736,694453,610
total assets1,102,3611,058,937917,774668,457459,910463,584736,694453,610
Bank overdraft
Bank loan
Trade Creditors 1,044,5631,009,810833,769572,210414,554428,218752,64314,657
Group/Directors Accounts245,872
other short term finances
hp & lease commitments
other current liabilities78,134
total current liabilities1,044,5631,009,810833,769572,210414,554428,218752,643338,663
loans123,946
hp & lease commitments
Accruals and Deferred Income
other liabilities21,29730,93840,49350,000
provisions134
total long term liabilities21,29730,93840,49350,134123,946
total liabilities1,065,8601,040,748874,262622,344414,554428,218752,643462,609
net assets36,50118,18943,51246,11345,35635,366-15,949-8,999
total shareholders funds36,50118,18943,51246,11345,35635,366-15,949-8,999
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Operating Activities
Operating Profit23,607-26,113-2,82280412,15362,770-2,958-5,227
Depreciation2,5543,28897
Amortisation
Tax-6,104-178-2,343-12,037
Stock51,762157,714249,566381,075-91,102-397,734269,301445,600
Debtors3,202-15,8839,9405,3558,773-3,0096507,346
Creditors34,753176,041261,559157,656-13,664-324,425737,98614,657
Accruals and Deferred Income-78,13478,134
Deferred Taxes & Provisions-134134
Cash flow from operations-15411,385-806-228,01478,475127,051386,943-365,382
Investing Activities
capital expenditure-14,214-610
Change in Investments
cash flow from investments-14,214-610
Financing Activities
Bank loans
Group/Directors Accounts-245,872245,872
Other Short Term Loans
Long term loans-123,946123,946
Hire Purchase and Lease Commitments
other long term liabilities-9,641-9,555-9,50750,000
share issue100
interest809790221131181582-3,992-3,872
cash flow from financing-8,832-8,765-9,28650,131181582-373,810366,046
cash and cash equivalents
cash-8,9862,620-24,306-178,49378,655127,63313,133664
overdraft
change in cash-8,9862,620-24,306-178,49378,655127,63313,133664

skellett homes limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Skellett Homes Limited Competitor Analysis

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Perform a competitor analysis for skellett homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NG16 area or any other competitors across 12 key performance metrics.

skellett homes limited Ownership

SKELLETT HOMES LIMITED group structure

Skellett Homes Limited has no subsidiary companies.

Ultimate parent company

SKELLETT HOMES LIMITED

09997028

SKELLETT HOMES LIMITED Shareholders

kenneth william skellett 45%
alison skellett 45%
yvette roberts 10%

skellett homes limited directors

Skellett Homes Limited currently has 2 directors. The longest serving directors include Ms Yvette Roberts (Feb 2016) and Mr Kenneth Skellett (Feb 2016).

officercountryagestartendrole
Ms Yvette Roberts54 years Feb 2016- Director
Mr Kenneth SkellettEngland77 years Feb 2016- Director

P&L

March 2024

turnover

2.9m

+12%

operating profit

23.6k

0%

gross margin

9.9%

+4.73%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

36.5k

+1.01%

total assets

1.1m

+0.04%

cash

10.9k

-0.45%

net assets

Total assets minus all liabilities

skellett homes limited company details

company number

09997028

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

February 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

N/A

accountant

TCP ACCOUNTANTS

auditor

-

address

bailey brook house amber drive, langley mill, nottingham, NG16 4BE

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

skellett 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 did not find charges/mortgages relating to skellett homes limited.

skellett 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.

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skellett homes limited Companies House Filings - See Documents

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