madryn street spv ltd
madryn street spv ltd Company Information
Company Number
10170609
Next Accounts
Sep 2025
Shareholders
matter uk residential income reit limited
Group Structure
View All
Industry
Development of building projects
Registered Address
suite 7.1 8 exchange quay, salford, M5 3EJ
Website
http://placefirst.co.ukmadryn street spv ltd Estimated Valuation
Pomanda estimates the enterprise value of MADRYN STREET SPV LTD at £117.8k based on a Turnover of £245.6k and 0.48x industry multiple (adjusted for size and gross margin).
madryn street spv ltd Estimated Valuation
Pomanda estimates the enterprise value of MADRYN STREET SPV LTD at £11.1m based on an EBITDA of £2.9m and a 3.79x industry multiple (adjusted for size and gross margin).
madryn street spv ltd Estimated Valuation
Pomanda estimates the enterprise value of MADRYN STREET SPV LTD at £24.2m based on Net Assets of £17.1m and 1.41x industry multiple (adjusted for liquidity).
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Madryn Street Spv Ltd Overview
Madryn Street Spv Ltd is a live company located in salford, M5 3EJ with a Companies House number of 10170609. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2016, it's largest shareholder is matter uk residential income reit limited with a 100% stake. Madryn Street Spv Ltd is a young, micro sized company, Pomanda has estimated its turnover at £245.6k with unknown growth in recent years.
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Madryn Street Spv Ltd Health Check
Pomanda's financial health check has awarded Madryn Street Spv Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £245.6k, make it smaller than the average company (£2.5m)
- Madryn Street Spv Ltd
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Madryn Street Spv Ltd
- - Industry AVG
Production
with a gross margin of 27.3%, this company has a comparable cost of product (27.3%)
- Madryn Street Spv Ltd
27.3% - Industry AVG
Profitability
an operating margin of 1188.5% make it more profitable than the average company (7%)
- Madryn Street Spv Ltd
7% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Madryn Street Spv Ltd
7 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Madryn Street Spv Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £122.8k, this is less efficient (£289.9k)
- Madryn Street Spv Ltd
£289.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Madryn Street Spv Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (31 days)
- Madryn Street Spv Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Madryn Street Spv Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (12 weeks)
49 weeks - Madryn Street Spv Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.8%, this is a lower level of debt than the average (73.5%)
0.8% - Madryn Street Spv Ltd
73.5% - Industry AVG
MADRYN STREET SPV LTD financials
Madryn Street Spv Ltd's latest turnover from December 2023 is estimated at £245.6 thousand and the company has net assets of £17.1 million. According to their latest financial statements, Madryn Street Spv Ltd has 2 employees and maintains cash reserves of £137 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 810,676 | 550,697 | ||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 85,454 | 9,733 | ||||||
| Gross Profit | 725,222 | 540,964 | ||||||
| Admin Expenses | -1,781,774 | -2,232,646 | ||||||
| Operating Profit | 2,506,996 | 2,773,610 | -2,630 | |||||
| Interest Payable | 2,161,057 | 1,232,729 | 17,710 | |||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 345,939 | 1,540,881 | -20,340 | |||||
| Tax | -578,032 | -940,386 | 3,458 | |||||
| Profit After Tax | -232,093 | 600,495 | -16,882 | |||||
| Dividends Paid | ||||||||
| Retained Profit | -232,093 | 600,495 | -16,882 | |||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | |||||
| EBITDA* | 2,507,514 | 2,773,815 | -2,630 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,126 | 1,248 | 425 | |||||
| Intangible Assets | ||||||||
| Investments & Other | 16,996,176 | 27,803,592 | 23,912,076 | 16,606,612 | 6,399,125 | 4,833,539 | 1,639,134 | 637,828 |
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 16,996,176 | 27,804,718 | 23,913,324 | 16,607,037 | 6,399,125 | 4,833,539 | 1,639,134 | 637,828 |
| Stock & work in progress | ||||||||
| Trade Debtors | 23,001 | |||||||
| Group Debtors | 113,203 | 3,580,913 | 3,099,681 | 3,163,709 | 3,012,894 | 941,336 | 237,854 | 55,000 |
| Misc Debtors | 2,962 | 89,855 | 26,458 | 36,699 | 264,384 | 254,520 | 143,707 | 3,459 |
| Cash | 136,976 | 53,961 | 546,281 | 104,039 | 542,355 | 204,369 | 225,468 | 1,804 |
| misc current assets | ||||||||
| total current assets | 253,141 | 3,747,730 | 3,672,420 | 3,304,447 | 3,819,633 | 1,400,225 | 607,029 | 60,263 |
| total assets | 17,249,317 | 31,552,448 | 27,585,744 | 19,911,484 | 10,218,758 | 6,233,764 | 2,246,163 | 698,091 |
| Bank overdraft | ||||||||
| Bank loan | 95,696 | |||||||
| Trade Creditors | 1,722 | |||||||
| Group/Directors Accounts | 106 | 4,841 | 141,658 | 264,937 | 578,133 | 199,568 | 160,686 | |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 142,491 | 711,928 | 491,648 | 728,029 | 431,440 | 109,519 | 126,988 | 2,601 |
| total current liabilities | 144,213 | 712,034 | 496,489 | 965,383 | 696,377 | 687,652 | 326,556 | 163,287 |
| loans | 20,073,130 | 18,008,625 | 13,045,521 | 6,536,558 | 4,322,520 | 1,733,512 | 533,975 | |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 5,862,814 | 4,522,099 | 2,882,930 | 1,546,722 | 864,529 | 311,095 | 17,710 | |
| other liabilities | ||||||||
| provisions | 1,929,127 | 1,351,095 | 410,709 | |||||
| total long term liabilities | 27,865,071 | 23,881,819 | 16,339,160 | 8,083,280 | 5,187,049 | 2,044,607 | 551,685 | |
| total liabilities | 144,213 | 28,577,105 | 24,378,308 | 17,304,543 | 8,779,657 | 5,874,701 | 2,371,163 | 714,972 |
| net assets | 17,105,104 | 2,975,343 | 3,207,436 | 2,606,941 | 1,439,101 | 359,063 | -125,000 | -16,881 |
| total shareholders funds | 17,105,104 | 2,975,343 | 3,207,436 | 2,606,941 | 1,439,101 | 359,063 | -125,000 | -16,881 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,506,996 | 2,773,610 | -2,630 | |||||
| Depreciation | 767 | 518 | 205 | 102 | ||||
| Amortisation | ||||||||
| Tax | -578,032 | -940,386 | 3,458 | |||||
| Stock | ||||||||
| Debtors | -3,577,604 | 567,630 | -74,269 | -76,870 | 2,081,422 | 814,295 | 323,102 | 58,459 |
| Creditors | 1,722 | |||||||
| Accruals and Deferred Income | -6,432,251 | 1,560,995 | 1,402,788 | 1,632,797 | 1,004,114 | 535,965 | 417,772 | 20,311 |
| Deferred Taxes & Provisions | -1,929,127 | 578,032 | 940,386 | 410,709 | ||||
| Cash flow from operations | 3,500,879 | 4,250,872 | -37,320 | |||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -10,807,416 | 3,891,516 | 7,305,464 | 10,207,487 | 1,565,586 | 3,194,405 | 1,001,306 | 637,828 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -95,696 | 95,696 | ||||||
| Group/Directors Accounts | -106 | -4,735 | -136,817 | -123,279 | -313,196 | 378,565 | 38,882 | 160,686 |
| Other Short Term Loans | ||||||||
| Long term loans | -20,073,130 | 2,064,505 | 4,963,104 | 6,508,963 | 2,214,038 | 2,589,008 | 1,199,537 | 533,975 |
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -2,161,057 | -1,232,729 | -17,710 | |||||
| cash flow from financing | -101,287 | 3,497,862 | 676,952 | |||||
| cash and cash equivalents | ||||||||
| cash | 83,015 | -492,320 | 442,242 | -438,316 | 337,986 | -21,099 | 223,664 | 1,804 |
| overdraft | ||||||||
| change in cash | 83,015 | -492,320 | 442,242 | -438,316 | 337,986 | -21,099 | 223,664 | 1,804 |
madryn street spv ltd Credit Report and Business Information
Madryn Street Spv Ltd Competitor Analysis
Perform a competitor analysis for madryn street spv ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in M 5 area or any other competitors across 12 key performance metrics.
madryn street spv ltd Ownership
MADRYN STREET SPV LTD group structure
Madryn Street Spv Ltd has 1 subsidiary company.
Ultimate parent company
MATTER UK RESIDENTIAL INCOME FUND SCSP
#0160668
2 parents
MADRYN STREET SPV LTD
10170609
1 subsidiary
madryn street spv ltd directors
Madryn Street Spv Ltd currently has 2 directors. The longest serving directors include Ms Jane Worfolk-Smith (Nov 2023) and Mr Andrew Rippingale (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jane Worfolk-Smith | England | 51 years | Nov 2023 | - | Director |
| Mr Andrew Rippingale | 53 years | May 2024 | - | Director |
P&L
December 2023turnover
245.6k
-70%
operating profit
2.9m
0%
gross margin
27.3%
-69.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
17.1m
+4.75%
total assets
17.2m
-0.45%
cash
137k
+1.54%
net assets
Total assets minus all liabilities
madryn street spv ltd company details
company number
10170609
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
GRANT THORNTON UK LLP
auditor
-
address
suite 7.1 8 exchange quay, salford, M5 3EJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
madryn street spv 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 found 12 charges/mortgages relating to madryn street spv ltd. Currently there are 0 open charges and 12 have been satisfied in the past.
madryn street spv 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 MADRYN STREET SPV LTD. This can take several minutes, an email will notify you when this has completed.
madryn street spv ltd Companies House Filings - See Documents
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