herts developments limited
herts developments limited Company Information
Company Number
10103339
Website
-Registered Address
12 west street, ware, hertfordshire, SG12 9EE
Industry
Development of building projects
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
herts investment group limited 100%
herts developments limited Estimated Valuation
Pomanda estimates the enterprise value of HERTS DEVELOPMENTS LIMITED at £415.4k based on a Turnover of £1.3m and 0.32x industry multiple (adjusted for size and gross margin).
herts developments limited Estimated Valuation
Pomanda estimates the enterprise value of HERTS DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-1.4k and a 2.5x industry multiple (adjusted for size and gross margin).
herts developments limited Estimated Valuation
Pomanda estimates the enterprise value of HERTS DEVELOPMENTS LIMITED at £119.1k based on Net Assets of £89.4k and 1.33x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Herts Developments Limited Overview
Herts Developments Limited is a live company located in hertfordshire, SG12 9EE with a Companies House number of 10103339. It operates in the development of building projects sector, SIC Code 41100. Founded in April 2016, it's largest shareholder is herts investment group limited with a 100% stake. Herts Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Herts Developments Limited Health Check
Pomanda's financial health check has awarded Herts Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£2.2m)
- Herts Developments Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 347%, show it is growing at a faster rate (2.5%)
- Herts Developments Limited
2.5% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (25.9%)
- Herts Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (7.7%)
- Herts Developments Limited
7.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Herts Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)
- Herts Developments Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £649.6k, this is more efficient (£283.1k)
- Herts Developments Limited
£283.1k - Industry AVG
Debtor Days
it gets paid by customers after 116 days, this is later than average (29 days)
- Herts Developments Limited
29 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Herts Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Herts Developments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Herts Developments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.5%, this is a similar level of debt than the average (73.7%)
78.5% - Herts Developments Limited
73.7% - Industry AVG
HERTS DEVELOPMENTS LIMITED financials
Herts Developments Limited's latest turnover from April 2023 is estimated at £1.3 million and the company has net assets of £89.4 thousand. According to their latest financial statements, Herts Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 415,252 | 6,426 | 4,908 | 4,500 | 1,547 | 3,068 | 85 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 415,252 | 6,426 | 4,908 | 4,500 | 1,547 | 3,068 | 85 |
| total assets | 415,252 | 446,426 | 444,908 | 444,500 | 441,547 | 443,068 | 440,085 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,418 | 2,111 | 1,375 | 1 | 538 | 167 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 2,418 | 2,111 | 1,375 | 1 | 538 | 167 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,193 | 948 | 1,046 | 850 | 850 | 1,626 | 1,647 |
| other liabilities | 324,642 | 352,278 | 352,279 | 361,801 | 365,513 | 368,729 | 368,396 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 325,835 | 353,226 | 353,325 | 362,651 | 366,363 | 370,355 | 370,043 |
| total liabilities | 325,835 | 355,644 | 355,436 | 364,026 | 366,364 | 370,893 | 370,210 |
| net assets | 89,417 | 90,782 | 89,472 | 80,474 | 75,183 | 72,175 | 69,875 |
| total shareholders funds | 89,417 | 90,782 | 89,472 | 80,474 | 75,183 | 72,175 | 69,875 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 408,826 | 1,518 | 408 | 2,953 | -1,521 | 2,983 | 85 |
| Creditors | -2,418 | 307 | 736 | 1,374 | -537 | 371 | 167 |
| Accruals and Deferred Income | 245 | -98 | 196 | 0 | -776 | -21 | 1,647 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -27,636 | -1 | -9,522 | -3,712 | -3,216 | 333 | 368,396 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
herts developments limited Credit Report and Business Information
Herts Developments Limited Competitor Analysis
Perform a competitor analysis for herts developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
herts developments limited Ownership
HERTS DEVELOPMENTS LIMITED group structure
Herts Developments Limited has no subsidiary companies.
Ultimate parent company
HERTS DEVELOPMENTS LIMITED
10103339
herts developments limited directors
Herts Developments Limited currently has 2 directors. The longest serving directors include Mr Stephen Meakes (Apr 2016) and Mr Michael Bradshaw (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Meakes | United Kingdom | 56 years | Apr 2016 | - | Director |
| Mr Michael Bradshaw | England | 53 years | Apr 2016 | - | Director |
P&L
April 2023turnover
1.3m
+1890%
operating profit
-1.4k
0%
gross margin
9.6%
-0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
89.4k
-0.02%
total assets
415.3k
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
herts developments limited company details
company number
10103339
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 2016
age
8
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
12 west street, ware, hertfordshire, SG12 9EE
last accounts submitted
April 2023
herts developments 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 2 charges/mortgages relating to herts developments limited. Currently there are 0 open charges and 2 have been satisfied in the past.
herts developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
