affordable building limited
affordable building limited Company Information
Company Number
10348403
Next Accounts
May 2025
Industry
Development of building projects
Shareholders
kreindel rapaport
Group Structure
View All
Contact
Registered Address
22 wellington avenue, london, N15 6AS
Website
affordable-build.comaffordable building limited Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE BUILDING LIMITED at £137.4k based on a Turnover of £402.8k and 0.34x industry multiple (adjusted for size and gross margin).
affordable building limited Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE BUILDING LIMITED at £0 based on an EBITDA of £-81.4k and a 2.59x industry multiple (adjusted for size and gross margin).
affordable building limited Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE BUILDING LIMITED at £0 based on Net Assets of £-257.2k and 1.49x industry multiple (adjusted for liquidity).
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Affordable Building Limited Overview
Affordable Building Limited is a live company located in london, N15 6AS with a Companies House number of 10348403. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2016, it's largest shareholder is kreindel rapaport with a 100% stake. Affordable Building Limited is a young, micro sized company, Pomanda has estimated its turnover at £402.8k with declining growth in recent years.
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Affordable Building Limited Health Check
Pomanda's financial health check has awarded Affordable Building Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £402.8k, make it smaller than the average company (£2.2m)
- Affordable Building Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (3.2%)
- Affordable Building Limited
3.2% - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (26.4%)
- Affordable Building Limited
26.4% - Industry AVG
Profitability
an operating margin of -20.2% make it less profitable than the average company (7.1%)
- Affordable Building Limited
7.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Affordable Building Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)
- Affordable Building Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £402.8k, this is more efficient (£281.8k)
- Affordable Building Limited
£281.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (28 days)
- Affordable Building Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 198 days, this is slower than average (30 days)
- Affordable Building Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Affordable Building Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Affordable Building Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2916.8%, this is a higher level of debt than the average (74.5%)
2916.8% - Affordable Building Limited
74.5% - Industry AVG
AFFORDABLE BUILDING LIMITED financials
Affordable Building Limited's latest turnover from August 2023 is estimated at £402.8 thousand and the company has net assets of -£257.2 thousand. According to their latest financial statements, we estimate that Affordable Building Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 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 | 1 | 1 | 1 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,110 | 12,069 | 16,000 | 38,193 | 50,797 | 67,580 | 1,666 |
| 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 | 9,110 | 12,069 | 16,000 | 38,193 | 50,797 | 67,580 | 1,666 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 7,280 |
| Trade Debtors | 21 | 78,027 | 205,930 | 375,676 | 235,995 | 279,832 | 9,370 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 9,967 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 3,206 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21 | 78,027 | 205,930 | 375,676 | 235,995 | 279,832 | 29,823 |
| total assets | 9,131 | 90,096 | 221,930 | 413,869 | 286,792 | 347,412 | 31,489 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 198,092 | 195,948 | 292,746 | 397,285 | 255,151 | 282,581 | 0 |
| 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 | 21,237 |
| total current liabilities | 198,092 | 195,948 | 292,746 | 397,285 | 255,151 | 282,581 | 21,237 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 68,244 | 69,935 | 70,779 | 102,100 | 59,302 | 68,206 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 68,244 | 69,935 | 70,779 | 102,100 | 59,302 | 68,206 | 0 |
| total liabilities | 266,336 | 265,883 | 363,525 | 499,385 | 314,453 | 350,787 | 21,237 |
| net assets | -257,205 | -175,787 | -141,595 | -85,516 | -27,661 | -3,375 | 10,252 |
| total shareholders funds | -257,205 | -175,787 | -141,595 | -85,516 | -27,661 | -3,375 | 10,252 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 556 | ||||||
| Amortisation | 0 | ||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -7,280 | 7,280 |
| Debtors | -78,006 | -127,903 | -169,746 | 139,681 | -43,837 | 260,495 | 19,337 |
| Creditors | 2,144 | -96,798 | -104,539 | 142,134 | -27,430 | 282,581 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -21,237 | 21,237 |
| 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 | -1,691 | -844 | -31,321 | 42,798 | -8,904 | 68,206 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | -3,206 | 3,206 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -3,206 | 3,206 |
affordable building limited Credit Report and Business Information
Affordable Building Limited Competitor Analysis
Perform a competitor analysis for affordable building limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in N15 area or any other competitors across 12 key performance metrics.
affordable building limited Ownership
AFFORDABLE BUILDING LIMITED group structure
Affordable Building Limited has no subsidiary companies.
Ultimate parent company
AFFORDABLE BUILDING LIMITED
10348403
affordable building limited directors
Affordable Building Limited currently has 2 directors. The longest serving directors include Mr Moishe Lipschitz (Aug 2016) and Mr Schmuel Pomeranz (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Moishe Lipschitz | England | 39 years | Aug 2016 | - | Director |
| Mr Schmuel Pomeranz | England | 35 years | Nov 2017 | - | Director |
P&L
August 2023turnover
402.8k
-11%
operating profit
-81.4k
0%
gross margin
9.8%
+2.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-257.2k
+0.46%
total assets
9.1k
-0.9%
cash
0
0%
net assets
Total assets minus all liabilities
affordable building limited company details
company number
10348403
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
22 wellington avenue, london, N15 6AS
Bank
-
Legal Advisor
-
affordable building 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 did not find charges/mortgages relating to affordable building limited.
affordable building limited Companies House Filings - See Documents
| date | description | view/download |
|---|
