newett homes limited
newett homes limited Company Information
Company Number
10402485
Next Accounts
Mar 2025
Shareholders
david ian newett
william newett
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
c/o stirling investments, thorp arch grange, thorp arch, wetherby, west yorkshire, LS23 7BA
Website
newetthomes.co.uknewett homes limited Estimated Valuation
Pomanda estimates the enterprise value of NEWETT HOMES LIMITED at £37.9m based on a Turnover of £16.3m and 2.33x industry multiple (adjusted for size and gross margin).
newett homes limited Estimated Valuation
Pomanda estimates the enterprise value of NEWETT HOMES LIMITED at £0 based on an EBITDA of £-1.7m and a 4.93x industry multiple (adjusted for size and gross margin).
newett homes limited Estimated Valuation
Pomanda estimates the enterprise value of NEWETT HOMES LIMITED at £6.6m based on Net Assets of £4.1m and 1.6x industry multiple (adjusted for liquidity).
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Newett Homes Limited Overview
Newett Homes Limited is a live company located in thorp arch, wetherby, LS23 7BA with a Companies House number of 10402485. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 2016, it's largest shareholder is david ian newett with a 50% stake. Newett Homes Limited is a young, mid sized company, Pomanda has estimated its turnover at £16.3m with rapid growth in recent years.
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Newett Homes Limited Health Check
Pomanda's financial health check has awarded Newett Homes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £16.3m, make it larger than the average company (£831k)
£16.3m - Newett Homes Limited
£831k - Industry AVG
Growth
3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (2.3%)
- Newett Homes Limited
2.3% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (71.1%)
9% - Newett Homes Limited
71.1% - Industry AVG
Profitability
an operating margin of -10.7% make it less profitable than the average company (28.9%)
-10.7% - Newett Homes Limited
28.9% - Industry AVG
Employees
with 35 employees, this is above the industry average (4)
35 - Newett Homes Limited
4 - Industry AVG
Pay Structure
on an average salary of £58.9k, the company has a higher pay structure (£35.9k)
£58.9k - Newett Homes Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £464.4k, this is more efficient (£183.8k)
£464.4k - Newett Homes Limited
£183.8k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (25 days)
1 days - Newett Homes Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (32 days)
32 days - Newett Homes Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 345 days, this is in line with average (390 days)
345 days - Newett Homes Limited
390 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (10 weeks)
36 weeks - Newett Homes Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.3%, this is a higher level of debt than the average (62.8%)
85.3% - Newett Homes Limited
62.8% - Industry AVG
NEWETT HOMES LIMITED financials
Newett Homes Limited's latest turnover from June 2023 is £16.3 million and the company has net assets of £4.1 million. According to their latest financial statements, Newett Homes Limited has 35 employees and maintains cash reserves of £6.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 16,254,609 | 32,245,863 | 16,296,731 | ||||
| Other Income Or Grants | 0 | 0 | 0 | ||||
| Cost Of Sales | 14,788,395 | 25,760,886 | 12,273,335 | ||||
| Gross Profit | 1,466,214 | 6,484,977 | 4,023,396 | ||||
| Admin Expenses | 3,214,107 | 2,167,379 | 873,093 | ||||
| Operating Profit | -1,747,893 | 4,317,598 | 3,150,303 | ||||
| Interest Payable | 641,791 | 245,412 | 0 | ||||
| Interest Receivable | 0 | 0 | 108 | ||||
| Pre-Tax Profit | -2,059,181 | 4,072,186 | 3,150,411 | ||||
| Tax | 596,739 | -769,698 | -581,335 | ||||
| Profit After Tax | -1,462,442 | 3,302,488 | 2,569,076 | ||||
| Dividends Paid | 0 | 20,000 | 0 | ||||
| Retained Profit | -1,462,442 | 3,282,488 | 2,569,076 | ||||
| Employee Costs | 2,061,921 | 1,323,889 | 429,105 | ||||
| Number Of Employees | 35 | 25 | 11 | 4 | 3 | ||
| EBITDA* | -1,715,012 | 4,347,260 | 3,158,464 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 119,586 | 120,417 | 57,481 | 15,687 | 6,857 | 1,908 | 0 |
| Intangible Assets | 2,218 | 5,551 | 9,562 | 12,414 | 4,889 | 0 | 0 |
| Investments & Other | 203 | 103 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 122,007 | 126,071 | 67,043 | 28,101 | 11,746 | 1,908 | 0 |
| Stock & work in progress | 13,996,507 | 4,620,206 | 5,899,017 | 8,371,762 | 4,190,135 | 1,490,483 | 517,247 |
| Trade Debtors | 47,226 | 217,080 | 116,185 | 2,671 | 0 | 0 | 0 |
| Group Debtors | 3,853,407 | 5,755,193 | 2,239,137 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,240,169 | 8,220,381 | 2,234,817 | 1,946,839 | 186,492 | 15,833 | 9,005 |
| Cash | 6,730,815 | 493,949 | 1,823,770 | 240,357 | 28,203 | 10,531 | 30 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,868,124 | 19,306,809 | 12,312,926 | 10,561,629 | 4,404,830 | 1,516,847 | 526,282 |
| total assets | 27,990,131 | 19,432,880 | 12,379,969 | 10,589,730 | 4,416,576 | 1,518,755 | 526,282 |
| Bank overdraft | 5,846,740 | 3,429,388 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,322,798 | 955,873 | 1,073,796 | 2,209,876 | 683,182 | 327,448 | 25,913 |
| Group/Directors Accounts | 218,431 | 2,431,209 | 6,861,981 | 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 | 2,102,050 | 5,853,266 | 974,732 | 793,408 | 129,713 | 37,750 | 1,250 |
| total current liabilities | 9,490,019 | 12,669,736 | 8,910,509 | 3,003,284 | 812,895 | 365,198 | 27,163 |
| loans | 14,349,044 | 0 | 0 | 6,693,460 | 3,383,237 | 1,240,519 | 527,375 |
| 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 | 30,450 | 23,933 | 12,737 | 5,339 | 0 | 0 | 0 |
| total long term liabilities | 14,379,494 | 23,933 | 12,737 | 6,698,799 | 3,383,237 | 1,240,519 | 527,375 |
| total liabilities | 23,869,513 | 12,693,669 | 8,923,246 | 9,702,083 | 4,196,132 | 1,605,717 | 554,538 |
| net assets | 4,120,618 | 6,739,211 | 3,456,723 | 887,647 | 220,444 | -86,962 | -28,256 |
| total shareholders funds | 4,120,618 | 6,739,211 | 3,456,723 | 887,647 | 220,444 | -86,962 | -28,256 |
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,747,893 | 4,317,598 | 3,150,303 | ||||
| Depreciation | 29,548 | 25,496 | 7,723 | 3,739 | 1,287 | 174 | 0 |
| Amortisation | 3,333 | 4,166 | 438 | 3,740 | 361 | 0 | 0 |
| Tax | 596,739 | -769,698 | -581,335 | ||||
| Stock | 9,376,301 | -1,278,811 | -2,472,745 | 4,181,627 | 2,699,652 | 973,236 | 517,247 |
| Debtors | -7,051,852 | 9,602,515 | 2,640,629 | 1,763,018 | 170,659 | 6,828 | 9,005 |
| Creditors | 366,925 | -117,923 | -1,136,080 | 1,526,694 | 355,734 | 301,535 | 25,913 |
| Accruals and Deferred Income | -3,751,216 | 4,878,534 | 181,324 | 663,695 | 91,963 | 36,500 | 1,250 |
| Deferred Taxes & Provisions | 6,517 | 11,196 | 7,398 | 5,339 | 0 | 0 | 0 |
| Cash flow from operations | -6,820,496 | 25,665 | 1,461,887 | ||||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | ||||
| Change in Investments | 100 | 103 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -100 | -103 | 0 | ||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,212,778 | -4,430,772 | 6,861,981 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 14,349,044 | 0 | -6,693,460 | 3,310,223 | 2,142,718 | 713,144 | 527,375 |
| 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 | -641,791 | -245,412 | 108 | ||||
| cash flow from financing | 10,338,324 | -4,676,184 | 168,629 | ||||
| cash and cash equivalents | |||||||
| cash | 6,236,866 | -1,329,821 | 1,583,413 | 212,154 | 17,672 | 10,501 | 30 |
| overdraft | 2,417,352 | 3,429,388 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,819,514 | -4,759,209 | 1,583,413 | 212,154 | 17,672 | 10,501 | 30 |
newett homes limited Credit Report and Business Information
Newett Homes Limited Competitor Analysis
Perform a competitor analysis for newett homes limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in LS23 area or any other competitors across 12 key performance metrics.
newett homes limited Ownership
NEWETT HOMES LIMITED group structure
Newett Homes Limited has 7 subsidiary companies.
Ultimate parent company
NEWETT HOMES LIMITED
10402485
7 subsidiaries
newett homes limited directors
Newett Homes Limited currently has 3 directors. The longest serving directors include Mr William Newett (Sep 2016) and Mr David Newett (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Newett | United Kingdom | 28 years | Sep 2016 | - | Director |
| Mr David Newett | United Kingdom | 66 years | Sep 2016 | - | Director |
| Mr John Cassie | 60 years | Apr 2023 | - | Director |
P&L
June 2023turnover
16.3m
-50%
operating profit
-1.7m
-140%
gross margin
9.1%
-55.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
4.1m
-0.39%
total assets
28m
+0.44%
cash
6.7m
+12.63%
net assets
Total assets minus all liabilities
newett homes limited company details
company number
10402485
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
September 2016
age
9
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
FORD CAMPBELL FREEDMAN LIMITED
address
c/o stirling investments, thorp arch grange, thorp arch, wetherby, west yorkshire, LS23 7BA
Bank
HANDELSBANKEN
Legal Advisor
-
newett homes 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 14 charges/mortgages relating to newett homes limited. Currently there are 12 open charges and 2 have been satisfied in the past.
newett homes 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 NEWETT HOMES LIMITED. This can take several minutes, an email will notify you when this has completed.
newett homes limited Companies House Filings - See Documents
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