erec estates management services ltd
erec estates management services ltd Company Information
Company Number
10124003
Next Accounts
653 days late
Shareholders
erec estates limited
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
8th floor eaton house, 1 eaton road, coventry, CV1 2FJ
Website
erecestates.comerec estates management services ltd Estimated Valuation
Pomanda estimates the enterprise value of EREC ESTATES MANAGEMENT SERVICES LTD at £1.4m based on a Turnover of £477k and 2.89x industry multiple (adjusted for size and gross margin).
erec estates management services ltd Estimated Valuation
Pomanda estimates the enterprise value of EREC ESTATES MANAGEMENT SERVICES LTD at £0 based on an EBITDA of £-198.5k and a 7.62x industry multiple (adjusted for size and gross margin).
erec estates management services ltd Estimated Valuation
Pomanda estimates the enterprise value of EREC ESTATES MANAGEMENT SERVICES LTD at £0 based on Net Assets of £-644.5k and 1.82x industry multiple (adjusted for liquidity).
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Erec Estates Management Services Ltd Overview
Erec Estates Management Services Ltd is a live company located in coventry, CV1 2FJ with a Companies House number of 10124003. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in April 2016, it's largest shareholder is erec estates limited with a 100% stake. Erec Estates Management Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £477k with rapid growth in recent years.
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Erec Estates Management Services Ltd Health Check
Pomanda's financial health check has awarded Erec Estates Management Services Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £477k, make it larger than the average company (£290k)
- Erec Estates Management Services Ltd
£290k - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (2.4%)
- Erec Estates Management Services Ltd
2.4% - Industry AVG
Production
with a gross margin of 74.6%, this company has a comparable cost of product (74.6%)
- Erec Estates Management Services Ltd
74.6% - Industry AVG
Profitability
an operating margin of -41.6% make it less profitable than the average company (7.7%)
- Erec Estates Management Services Ltd
7.7% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
5 - Erec Estates Management Services Ltd
6 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Erec Estates Management Services Ltd
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £95.4k, this is more efficient (£80.2k)
- Erec Estates Management Services Ltd
£80.2k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (53 days)
- Erec Estates Management Services Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 269 days, this is slower than average (30 days)
- Erec Estates Management Services Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Erec Estates Management Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (50 weeks)
13 weeks - Erec Estates Management Services Ltd
50 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.5%, this is a higher level of debt than the average (54.5%)
107.5% - Erec Estates Management Services Ltd
54.5% - Industry AVG
EREC ESTATES MANAGEMENT SERVICES LTD financials
Erec Estates Management Services Ltd's latest turnover from August 2021 is estimated at £477 thousand and the company has net assets of -£644.5 thousand. According to their latest financial statements, Erec Estates Management Services Ltd has 5 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 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 | 5 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Apr 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 287 | 573 | |||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 287 | 573 | |||
| Stock & work in progress | |||||
| Trade Debtors | 95,407 | 66,876 | 84,615 | ||
| Group Debtors | 5,966,946 | 3,421,116 | 1,120,001 | ||
| Misc Debtors | 85,712 | 1,845 | 838,036 | 708,462 | 100 |
| Cash | 2,434,585 | 666,534 | 1,948,459 | 3,147,024 | |
| misc current assets | |||||
| total current assets | 8,582,650 | 4,156,371 | 3,991,111 | 3,855,486 | 100 |
| total assets | 8,582,650 | 4,156,371 | 3,991,398 | 3,856,059 | 100 |
| Bank overdraft | |||||
| Bank loan | 11,000 | 9,580 | |||
| Trade Creditors | 89,524 | 8,229 | 9,251 | 2,689 | |
| Group/Directors Accounts | 8,968,529 | 4,453,666 | 4,127,424 | 3,990,354 | |
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 119,087 | 88,922 | 66,855 | 3,837 | |
| total current liabilities | 9,188,140 | 4,560,397 | 4,203,530 | 3,996,880 | |
| loans | 39,000 | 40,420 | |||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 39,000 | 40,420 | |||
| total liabilities | 9,227,140 | 4,600,817 | 4,203,530 | 3,996,880 | |
| net assets | -644,490 | -444,446 | -212,132 | -140,821 | 100 |
| total shareholders funds | -644,490 | -444,446 | -212,132 | -140,821 | 100 |
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Apr 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 287 | 286 | 287 | ||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 2,658,228 | 1,447,185 | 1,334,190 | 708,362 | 100 |
| Creditors | 81,295 | -1,022 | 6,562 | 2,689 | |
| Accruals and Deferred Income | 30,165 | 22,067 | 63,018 | 3,837 | |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 1,420 | 9,580 | |||
| Group/Directors Accounts | 4,514,863 | 326,242 | 137,070 | 3,990,354 | |
| Other Short Term Loans | |||||
| Long term loans | -1,420 | 40,420 | |||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 1,768,051 | -1,281,925 | -1,198,565 | 3,147,024 | |
| overdraft | |||||
| change in cash | 1,768,051 | -1,281,925 | -1,198,565 | 3,147,024 |
erec estates management services ltd Credit Report and Business Information
Erec Estates Management Services Ltd Competitor Analysis
Perform a competitor analysis for erec estates management services ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in CV1 area or any other competitors across 12 key performance metrics.
erec estates management services ltd Ownership
EREC ESTATES MANAGEMENT SERVICES LTD group structure
Erec Estates Management Services Ltd has no subsidiary companies.
Ultimate parent company
2 parents
EREC ESTATES MANAGEMENT SERVICES LTD
10124003
erec estates management services ltd directors
Erec Estates Management Services Ltd currently has 2 directors. The longest serving directors include Mr Weipeng Gu (Apr 2016) and Mr Andrew Jamieson (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Weipeng Gu | England | 35 years | Apr 2016 | - | Director |
| Mr Andrew Jamieson | England | 68 years | Mar 2017 | - | Director |
P&L
August 2021turnover
477k
+80%
operating profit
-198.5k
0%
gross margin
74.6%
-6.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2021net assets
-644.5k
+0.45%
total assets
8.6m
+1.06%
cash
2.4m
+2.65%
net assets
Total assets minus all liabilities
erec estates management services ltd company details
company number
10124003
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
April 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2021
previous names
N/A
accountant
HAYHOW & CO
auditor
-
address
8th floor eaton house, 1 eaton road, coventry, CV1 2FJ
Bank
-
Legal Advisor
-
erec estates management services 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 erec estates management services ltd.
erec estates management services ltd 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 EREC ESTATES MANAGEMENT SERVICES LTD. This can take several minutes, an email will notify you when this has completed.
erec estates management services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
