manchester life development company 2 limited
manchester life development company 2 limited Company Information
Company Number
10241412
Next Accounts
Feb 2025
Industry
Development of building projects
Shareholders
loom holdings ltd
the council of the city of manchester
Group Structure
View All
Contact
Registered Address
unit 5 royal mill, 17 redhill street, manchester, M4 5BA
Website
mcrlife.co.ukmanchester life development company 2 limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED at £47 based on a Turnover of £93 and 0.51x industry multiple (adjusted for size and gross margin).
manchester life development company 2 limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED at £0 based on an EBITDA of £-18.3k and a 3.68x industry multiple (adjusted for size and gross margin).
manchester life development company 2 limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED at £137 based on Net Assets of £100 and 1.38x industry multiple (adjusted for liquidity).
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Manchester Life Development Company 2 Limited Overview
Manchester Life Development Company 2 Limited is a live company located in manchester, M4 5BA with a Companies House number of 10241412. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2016, it's largest shareholder is loom holdings ltd with a 51% stake. Manchester Life Development Company 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £93 with declining growth in recent years.
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Manchester Life Development Company 2 Limited Health Check
Pomanda's financial health check has awarded Manchester Life Development Company 2 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
6 Weak
Size
annual sales of £93, make it smaller than the average company (£2.1m)
£93 - Manchester Life Development Company 2 Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -95%, show it is growing at a slower rate (2.9%)
-95% - Manchester Life Development Company 2 Limited
2.9% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
26.4% - Manchester Life Development Company 2 Limited
26.4% - Industry AVG
Profitability
an operating margin of -20437.6% make it less profitable than the average company (7.6%)
-20437.6% - Manchester Life Development Company 2 Limited
7.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Manchester Life Development Company 2 Limited
6 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£47k)
- Manchester Life Development Company 2 Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £93, this is less efficient (£280k)
- Manchester Life Development Company 2 Limited
£280k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Manchester Life Development Company 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Manchester Life Development Company 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Manchester Life Development Company 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (14 weeks)
52 weeks - Manchester Life Development Company 2 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (72.3%)
99.9% - Manchester Life Development Company 2 Limited
72.3% - Industry AVG
MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED financials
Manchester Life Development Company 2 Limited's latest turnover from May 2023 is £93 and the company has net assets of £100. According to their latest financial statements, we estimate that Manchester Life Development Company 2 Limited has 1 employee and maintains cash reserves of £168.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 93 | 85,810 | 649,453 | 686,387 | 559,622 | 52,000 | 102,000 |
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 0 | 0 | |||||
| Gross Profit | 52,000 | 102,000 | |||||
| Admin Expenses | 320,000 | 115,000 | |||||
| Operating Profit | -19,007 | -254,844 | -29,439 | 73,649 | 202,995 | -268,000 | -13,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 9 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -19,007 | -254,844 | -29,439 | 73,649 | 202,986 | -268,000 | -43,000 |
| Tax | 0 | 0 | 0 | -12,926 | 12,926 | 0 | 0 |
| Profit After Tax | -19,007 | -254,844 | -29,439 | 60,723 | 215,912 | -268,000 | -43,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -19,007 | -254,844 | -29,439 | 60,723 | 215,912 | -268,000 | -43,000 |
| Employee Costs | 0 | 0 | 0 | ||||
| Number Of Employees | 5 | 5 | |||||
| EBITDA* | -18,302 | -254,138 | -28,734 | 73,825 | 202,995 | -268,000 | -13,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,233 | 1,939 | 2,644 | 0 | 0 | 0 |
| 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 | 1,233 | 1,939 | 2,644 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 28,367 | 12,780 | 26,160 | 0 | 0 | 0 |
| Group Debtors | 0 | 9,026 | 1,751,191 | 3,476,985 | 7,085,950 | 1,048,000 | 787,000 |
| Misc Debtors | 49 | 17,743 | 125,693 | 1,030,784 | 12,926 | 15,000 | 0 |
| Cash | 168,242 | 1,661,868 | 1,572,468 | 1,821,367 | 231,159 | 460,000 | 873,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 168,291 | 1,717,004 | 3,462,132 | 6,355,296 | 7,330,035 | 1,523,000 | 1,660,000 |
| total assets | 168,291 | 1,718,237 | 3,464,071 | 6,357,940 | 7,330,035 | 1,523,000 | 1,660,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 1,422 | 1,227,600 | 1,820,748 | 2,657,711 | 652,000 | 344,000 |
| Group/Directors Accounts | 163,000 | 1,710,960 | 2,260,781 | 4,532,573 | 4,626,618 | 1,126,000 | 124,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,191 | 5,755 | 9,452 | 8,942 | 110,752 | 26,000 | 146,000 |
| total current liabilities | 168,191 | 1,718,137 | 3,497,833 | 6,362,263 | 7,395,081 | 1,804,000 | 614,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 1,059,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1,059,000 |
| total liabilities | 168,191 | 1,718,137 | 3,497,833 | 6,362,263 | 7,395,081 | 1,804,000 | 1,673,000 |
| net assets | 100 | 100 | -33,762 | -4,323 | -65,046 | -281,000 | -13,000 |
| total shareholders funds | 100 | 100 | -33,762 | -4,323 | -65,046 | -281,000 | -13,000 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -19,007 | -254,844 | -29,439 | 73,649 | 202,995 | -268,000 | -13,000 |
| Depreciation | 705 | 706 | 705 | 176 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -12,926 | 12,926 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -55,087 | -1,834,528 | -2,644,265 | -2,564,947 | 6,035,876 | 276,000 | 787,000 |
| Creditors | -1,422 | -1,226,178 | -593,148 | -836,963 | 2,005,711 | 308,000 | 344,000 |
| Accruals and Deferred Income | -564 | -3,697 | 510 | -101,810 | 84,752 | -120,000 | 146,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 34,799 | 350,515 | 2,022,893 | 1,687,073 | -3,729,492 | -356,000 | -310,000 |
| Investing Activities | |||||||
| capital expenditure | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,547,960 | -549,821 | -2,271,792 | -94,045 | 3,500,618 | 1,002,000 | 124,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -1,059,000 | 1,059,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | -9 | 0 | 0 |
| cash flow from financing | -1,528,953 | -261,115 | -2,271,792 | -94,045 | 3,500,651 | -57,000 | 1,213,000 |
| cash and cash equivalents | |||||||
| cash | -1,493,626 | 89,400 | -248,899 | 1,590,208 | -228,841 | -413,000 | 873,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,493,626 | 89,400 | -248,899 | 1,590,208 | -228,841 | -413,000 | 873,000 |
manchester life development company 2 limited Credit Report and Business Information
Manchester Life Development Company 2 Limited Competitor Analysis
Perform a competitor analysis for manchester life development company 2 limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in M 4 area or any other competitors across 12 key performance metrics.
manchester life development company 2 limited Ownership
MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED group structure
Manchester Life Development Company 2 Limited has no subsidiary companies.
Ultimate parent company
LOOM HOLDINGS LTD
#0113848
1 parent
MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED
10241412
manchester life development company 2 limited directors
Manchester Life Development Company 2 Limited currently has 3 directors. The longest serving directors include Mr Martin Edelman (Aug 2016) and Mr Ali Alfrayhat (Aug 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Edelman | England | 83 years | Aug 2016 | - | Director |
| Mr Ali Alfrayhat | England | 54 years | Aug 2016 | - | Director |
| Ms Beverley Craig | United Kingdom | 40 years | Dec 2021 | - | Director |
P&L
May 2023turnover
93
-100%
operating profit
-19k
-93%
gross margin
26.5%
+4.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
100
0%
total assets
168.3k
-0.9%
cash
168.2k
-0.9%
net assets
Total assets minus all liabilities
manchester life development company 2 limited company details
company number
10241412
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2023
previous names
hamsard 3411 limited (July 2016)
accountant
-
auditor
HAINES WATTS
address
unit 5 royal mill, 17 redhill street, manchester, M4 5BA
Bank
-
Legal Advisor
-
manchester life development company 2 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 3 charges/mortgages relating to manchester life development company 2 limited. Currently there are 3 open charges and 0 have been satisfied in the past.
manchester life development company 2 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 MANCHESTER LIFE DEVELOPMENT COMPANY 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
manchester life development company 2 limited Companies House Filings - See Documents
| date | description | view/download |
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