freedom apartments limited
freedom apartments limited Company Information
Company Number
10065243
Next Accounts
Mar 2025
Shareholders
david lockett
beverley lockett
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
23 penrice road, droitwich, WR9 8NS
Website
freedom.apartmentsfreedom apartments limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM APARTMENTS LIMITED at £113.5k based on a Turnover of £108.3k and 1.05x industry multiple (adjusted for size and gross margin).
freedom apartments limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM APARTMENTS LIMITED at £25.2k based on an EBITDA of £6k and a 4.19x industry multiple (adjusted for size and gross margin).
freedom apartments limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM APARTMENTS LIMITED at £0 based on Net Assets of £-12.2k and 2.09x industry multiple (adjusted for liquidity).
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Freedom Apartments Limited Overview
Freedom Apartments Limited is a dissolved company that was located in droitwich, WR9 8NS with a Companies House number of 10065243. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in March 2016, it's largest shareholder was david lockett with a 50% stake. The last turnover for Freedom Apartments Limited was estimated at £108.3k.
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Freedom Apartments Limited Health Check
Pomanda's financial health check has awarded Freedom Apartments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £108.3k, make it smaller than the average company (£3.3m)
- Freedom Apartments Limited
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a faster rate (-10.7%)
- Freedom Apartments Limited
-10.7% - Industry AVG
Production
with a gross margin of 60.2%, this company has a comparable cost of product (60.2%)
- Freedom Apartments Limited
60.2% - Industry AVG
Profitability
an operating margin of 5.5% make it less profitable than the average company (7.5%)
- Freedom Apartments Limited
7.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (65)
2 - Freedom Apartments Limited
65 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£20.9k)
- Freedom Apartments Limited
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £54.1k, this is equally as efficient (£54.1k)
- Freedom Apartments Limited
£54.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Freedom Apartments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Freedom Apartments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Freedom Apartments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Freedom Apartments Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18300%, this is a higher level of debt than the average (76.4%)
18300% - Freedom Apartments Limited
76.4% - Industry AVG
FREEDOM APARTMENTS LIMITED financials
Freedom Apartments Limited's latest turnover from July 2022 is estimated at £108.3 thousand and the company has net assets of -£12.2 thousand. According to their latest financial statements, Freedom Apartments Limited has 2 employees and maintains cash reserves of £67 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| 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 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 189 | 3,220 | 4,805 | 5,887 | 6,304 | |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 189 | 3,220 | 4,805 | 5,887 | 6,304 | |
| Stock & work in progress | ||||||
| Trade Debtors | 1,483 | 8,399 | 27,039 | |||
| Group Debtors | ||||||
| Misc Debtors | 14,353 | 10,410 | 19,510 | 10,728 | 11,437 | |
| Cash | 67 | 1,005 | 541 | 148 | 4,241 | |
| misc current assets | ||||||
| total current assets | 67 | 14,353 | 12,898 | 20,051 | 19,275 | 42,717 |
| total assets | 67 | 14,542 | 16,118 | 24,856 | 25,162 | 49,021 |
| Bank overdraft | 1,498 | 3,188 | 8,629 | 6,508 | ||
| Bank loan | ||||||
| Trade Creditors | 3,355 | 21,007 | 21,363 | 27,577 | 29,183 | |
| Group/Directors Accounts | 1,617 | |||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 12,261 | 25,084 | 30,610 | 36,733 | 46,618 | 47,418 |
| total current liabilities | 12,261 | 31,554 | 54,805 | 66,725 | 80,703 | 76,601 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 12,261 | 31,554 | 54,805 | 66,725 | 80,703 | 76,601 |
| net assets | -12,194 | -17,012 | -38,687 | -41,869 | -55,541 | -27,580 |
| total shareholders funds | -12,194 | -17,012 | -38,687 | -41,869 | -55,541 | -27,580 |
| Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 93 | 1,585 | 2,367 | 2,892 | ||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -14,353 | 2,460 | -7,617 | 383 | -19,349 | 38,476 |
| Creditors | -3,355 | -17,652 | -356 | -6,214 | -1,606 | 29,183 |
| Accruals and Deferred Income | -12,823 | -5,526 | -6,123 | -9,885 | -800 | 47,418 |
| 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 | -1,617 | 1,617 | ||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 67 | -1,005 | 464 | 393 | -4,093 | 4,241 |
| overdraft | -1,498 | -1,690 | -5,441 | 2,121 | 6,508 | |
| change in cash | 1,565 | 685 | 5,905 | -1,728 | -10,601 | 4,241 |
freedom apartments limited Credit Report and Business Information
Freedom Apartments Limited Competitor Analysis
Perform a competitor analysis for freedom apartments limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in WR9 area or any other competitors across 12 key performance metrics.
freedom apartments limited Ownership
FREEDOM APARTMENTS LIMITED group structure
Freedom Apartments Limited has no subsidiary companies.
Ultimate parent company
FREEDOM APARTMENTS LIMITED
10065243
freedom apartments limited directors
Freedom Apartments Limited currently has 2 directors. The longest serving directors include Mr David Lockett (Mar 2016) and Mrs Beverley Lockett (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Lockett | France | 59 years | Mar 2016 | - | Director |
| Mrs Beverley Lockett | England | 56 years | Mar 2016 | - | Director |
P&L
July 2022turnover
108.3k
+78%
operating profit
6k
0%
gross margin
60.2%
+20.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
-12.2k
-0.28%
total assets
67
-1%
cash
67
0%
net assets
Total assets minus all liabilities
freedom apartments limited company details
company number
10065243
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2022
previous names
freedom holiday properties limited (September 2016)
accountant
PROPERTY TAX PEOPLE LIMITED
auditor
-
address
23 penrice road, droitwich, WR9 8NS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
freedom apartments 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 freedom apartments limited.
freedom apartments 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 FREEDOM APARTMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
freedom apartments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
