Pomanda estimates the enterprise value of SECOND NEST LTD at £116.3k based on a Turnover of £90.1k and 1.29x industry multiple (adjusted for size and gross margin).
second nest ltdEstimated Valuation
£255.3k
Pomanda estimates the enterprise value of SECOND NEST LTD at £255.3k based on an EBITDA of £45.3k and a 5.64x industry multiple (adjusted for size and gross margin).
second nest ltdEstimated Valuation
£159.6k
Pomanda estimates the enterprise value of SECOND NEST LTD at £159.6k based on Net Assets of £83.2k and 1.92x industry multiple (adjusted for liquidity).
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Second Nest LtdOverview
Second Nest Ltd is a live company located in kent, CT12 6SJ with a Companies House number of 10235654. It operates in the other accommodation sector, SIC Code 55900. Founded in June 2016, it's largest shareholder is
lee darren sewell
with a 80% stake. Second Nest Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£90.1k with
declining
growth in recent years.
Pomanda's financial health check has awarded Second Nest Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £90.1k, make it smaller than the average company (£885k)
£90.1k - Second Nest Ltd
£885k - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (7.6%)
-36% - Second Nest Ltd
7.6% - Industry AVG
Production
with a gross margin of 56.8%, this company has a comparable cost of product (56.8%)
56.8% - Second Nest Ltd
56.8% - Industry AVG
Profitability
an operating margin of 47.1% make it more profitable than the average company (6.4%)
47.1% - Second Nest Ltd
6.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (20)
2 - Second Nest Ltd
20 - Industry AVG
Pay Structure
on an average salary of £25.6k, the company has an equivalent pay structure (£25.6k)
£25.6k - Second Nest Ltd
£25.6k - Industry AVG
Efficiency
resulting in sales per employee of £45k, this is less efficient (£57k)
£45k - Second Nest Ltd
£57k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Second Nest Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (21 days)
18 days - Second Nest Ltd
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Second Nest Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 15 weeks, this is less cash available to meet short term requirements (87 weeks)
15 weeks - Second Nest Ltd
87 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.4%, this is a higher level of debt than the average (28.6%)
61.4% - Second Nest Ltd
28.6% - Industry AVG
SECOND NEST LTD financials
EXPORT
Second Nest Ltd's latest turnover from June 2024 is estimated at £90.1 thousand and the company has net assets of £83.2 thousand. According to their latest financial statements, Second Nest Ltd has 2 employees and maintains cash reserves of £29.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Turnover
90,075
90,939
1,081,720
343,475
996,852
96,774
77,094
89,900
Other Income Or Grants
Cost Of Sales
38,926
39,448
581,660
185,805
569,160
52,912
38,078
39,844
Gross Profit
51,150
51,491
500,060
157,670
427,693
43,862
39,015
50,056
Admin Expenses
8,737
-19,578
474,320
183,165
435,522
54,710
5,559
47,983
Operating Profit
42,413
71,069
25,740
-25,495
-7,829
-10,848
33,456
2,073
Interest Payable
5,044
2,899
2,896
3,204
Interest Receivable
3,025
2,141
27
31
39
50
Pre-Tax Profit
40,393
70,311
25,740
-25,495
-10,697
-13,558
33,705
2,101
Tax
-10,098
-17,578
-4,891
-6,404
-399
Profit After Tax
30,295
52,733
20,849
-25,495
-10,697
-13,558
27,301
1,702
Dividends Paid
Retained Profit
30,295
52,733
20,849
-25,495
-10,697
-13,558
27,301
1,702
Employee Costs
51,220
48,739
45,703
44,647
44,147
43,950
41,927
42,116
Number Of Employees
2
2
2
2
2
2
2
2
EBITDA*
45,264
74,631
25,740
-25,495
-7,829
-9,637
33,456
2,073
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Tangible Assets
9,154
11,249
167,811
64,699
65,871
6,248
4,843
4,804
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
9,154
11,249
167,811
64,699
65,871
6,248
4,843
4,804
Stock & work in progress
Trade Debtors
84,994
24,809
96,866
Group Debtors
156,955
219,460
Misc Debtors
19,992
5,425
108,263
Cash
29,602
85,630
54,848
76,941
22,621
misc current assets
total current assets
206,549
310,515
84,994
24,809
96,866
163,111
76,941
22,621
total assets
215,703
321,764
252,805
89,508
162,737
169,359
81,784
27,425
Bank overdraft
6,249
15,732
Bank loan
Trade Creditors
1,931
3,040
202,503
38,379
58,951
2,071
Group/Directors Accounts
8,015
other short term finances
21,339
hp & lease commitments
other current liabilities
93,569
46,926
58,873
50,610
17,608
total current liabilities
101,749
65,698
202,503
38,379
58,951
80,212
52,681
25,623
loans
30,724
36,973
73,602
hp & lease commitments
Accruals and Deferred Income
480
780
2,640
other liabilities
166,158
49,720
71,096
96,398
provisions
total long term liabilities
30,724
203,131
50,200
71,876
99,038
73,602
total liabilities
132,473
268,829
252,703
110,255
157,989
153,814
52,681
25,623
net assets
83,230
52,935
102
-20,747
4,748
15,545
29,103
1,802
total shareholders funds
83,230
52,935
102
-20,747
4,748
15,545
29,103
1,802
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Operating Activities
Operating Profit
42,413
71,069
25,740
-25,495
-7,829
-10,848
33,456
2,073
Depreciation
2,851
3,562
1,211
Amortisation
Tax
-10,098
-17,578
-4,891
-6,404
-399
Stock
Debtors
-47,938
139,891
60,185
-72,057
-11,397
108,263
Creditors
-1,109
-199,463
164,124
-20,572
58,951
-2,071
2,071
Accruals and Deferred Income
46,643
46,446
-300
-1,860
-56,233
8,263
33,002
17,608
Deferred Taxes & Provisions
Cash flow from operations
128,638
-235,855
124,488
24,130
6,286
-111,708
62,125
19,282
Investing Activities
capital expenditure
-756
153,000
-103,112
1,172
-59,623
-2,616
-39
-4,804
Change in Investments
cash flow from investments
-756
153,000
-103,112
1,172
-59,623
-2,616
-39
-4,804
Financing Activities
Bank loans
Group/Directors Accounts
-8,015
8,015
Other Short Term Loans
-21,339
21,339
Long term loans
-6,249
36,973
-73,602
73,602
Hire Purchase and Lease Commitments
other long term liabilities
-166,158
116,438
-21,376
-25,302
96,398
share issue
100
-100
100
interest
-2,019
-758
-2,869
-3,173
39
50
cash flow from financing
-174,426
152,753
-21,376
-25,302
-1,512
91,768
-7,976
8,165
cash and cash equivalents
cash
-56,028
85,630
-54,848
-22,093
54,320
22,621
overdraft
-9,483
15,732
change in cash
-46,545
69,898
-54,848
-22,093
54,320
22,621
second nest ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for second nest ltd. Get real-time insights into second nest ltd's credit score, group structure and payment trends.
Perform a competitor analysis for second nest ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in CT12 area or any other competitors across 12 key performance metrics.
second nest ltd Ownership
SECOND NEST LTD group structure
Second Nest Ltd has no subsidiary companies.
Ultimate parent company
SECOND NEST LTD
10235654
SECOND NEST LTD Shareholders
The largest shareholders in Second Nest Ltd include Lee Darren Sewell and Neville Courtney Joseph Cavendish.
lee darren sewell
80%
neville courtney joseph cavendish
20%
second nest ltd directors
Second Nest Ltd currently has 2 directors.
The longest serving directors include
Mr Lee Sewell (Jun 2016) and
Mr Neville Cavendish (Jun 2016).
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 second nest ltd.
second nest 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.
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second nest ltdCompanies House Filings - See Documents
