truesdale assets limited
truesdale assets limited Company Information
Company Number
10497491
Website
-Registered Address
the beeches branston road, heighington, lincoln, LN4 1QQ
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
simon kettleboro 35%
caroline kettleboro 35%
View Alltruesdale assets limited Estimated Valuation
Pomanda estimates the enterprise value of TRUESDALE ASSETS LIMITED at £557.8k based on a Turnover of £192k and 2.9x industry multiple (adjusted for size and gross margin).
truesdale assets limited Estimated Valuation
Pomanda estimates the enterprise value of TRUESDALE ASSETS LIMITED at £57.9k based on an EBITDA of £8.8k and a 6.57x industry multiple (adjusted for size and gross margin).
truesdale assets limited Estimated Valuation
Pomanda estimates the enterprise value of TRUESDALE ASSETS LIMITED at £24k based on Net Assets of £15.1k and 1.58x industry multiple (adjusted for liquidity).
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Truesdale Assets Limited Overview
Truesdale Assets Limited is a live company located in lincoln, LN4 1QQ with a Companies House number of 10497491. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2016, it's largest shareholder is simon kettleboro with a 35% stake. Truesdale Assets Limited is a young, micro sized company, Pomanda has estimated its turnover at £192k with declining growth in recent years.
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Truesdale Assets Limited Health Check
Pomanda's financial health check has awarded Truesdale Assets Limited a 1 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
1 Strong
2 Regular
7 Weak
Size
annual sales of £192k, make it smaller than the average company (£802.9k)
- Truesdale Assets Limited
£802.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (1.9%)
- Truesdale Assets Limited
1.9% - Industry AVG
Production
with a gross margin of 74.2%, this company has a comparable cost of product (74.2%)
- Truesdale Assets Limited
74.2% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (36.9%)
- Truesdale Assets Limited
36.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Truesdale Assets Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)
- Truesdale Assets Limited
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £64k, this is less efficient (£174.2k)
- Truesdale Assets Limited
£174.2k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (30 days)
- Truesdale Assets Limited
30 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Truesdale Assets Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Truesdale Assets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Truesdale Assets Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.6%, this is a higher level of debt than the average (62.6%)
95.6% - Truesdale Assets Limited
62.6% - Industry AVG
TRUESDALE ASSETS LIMITED financials
Truesdale Assets Limited's latest turnover from March 2023 is estimated at £192 thousand and the company has net assets of £15.1 thousand. According to their latest financial statements, Truesdale Assets Limited has 3 employees and maintains cash reserves of £15.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 262,156 | 127,463 | 127,463 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 325,476 | 325,476 | 325,476 | 265,756 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 325,476 | 325,476 | 325,476 | 265,756 | 262,156 | 127,463 | 127,463 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 700 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 250 | 2,090 | 0 | 0 | 0 | 0 | 0 |
| Cash | 15,495 | 17,244 | 10,714 | 10,602 | 10,420 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,445 | 19,334 | 10,714 | 10,602 | 10,420 | 0 | 0 |
| total assets | 341,921 | 344,810 | 336,190 | 276,358 | 272,576 | 127,463 | 127,463 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 325,000 | 335,587 | 317,379 | 258,916 | 258,335 | 122,882 | 127,723 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,775 | 1,775 | 2,433 | 3,870 | 4,019 | 1,681 | 275 |
| total current liabilities | 326,775 | 337,362 | 319,812 | 262,786 | 262,354 | 124,563 | 127,998 |
| 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 | 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 | 0 |
| total liabilities | 326,775 | 337,362 | 319,812 | 262,786 | 262,354 | 124,563 | 127,998 |
| net assets | 15,146 | 7,448 | 16,378 | 13,572 | 10,222 | 2,900 | -535 |
| total shareholders funds | 15,146 | 7,448 | 16,378 | 13,572 | 10,222 | 2,900 | -535 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,140 | 2,090 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | -658 | -1,437 | -149 | 2,338 | 1,406 | 275 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 59,720 | 265,756 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -10,587 | 18,208 | 58,463 | 581 | 135,453 | -4,841 | 127,723 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -1,749 | 6,530 | 112 | 182 | 10,420 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,749 | 6,530 | 112 | 182 | 10,420 | 0 | 0 |
truesdale assets limited Credit Report and Business Information
Truesdale Assets Limited Competitor Analysis
Perform a competitor analysis for truesdale assets limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
truesdale assets limited Ownership
TRUESDALE ASSETS LIMITED group structure
Truesdale Assets Limited has no subsidiary companies.
Ultimate parent company
TRUESDALE ASSETS LIMITED
10497491
truesdale assets limited directors
Truesdale Assets Limited currently has 3 directors. The longest serving directors include Mr Simon Kettleboro (Nov 2016) and Mrs Joanne Morton (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Kettleboro | England | 76 years | Nov 2016 | - | Director |
| Mrs Joanne Morton | United Kingdom | 47 years | Nov 2016 | - | Director |
| Mrs Caroline Kettleboro | United Kingdom | 77 years | Nov 2016 | - | Director |
P&L
March 2023turnover
192k
-56%
operating profit
8.8k
0%
gross margin
74.3%
-0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
15.1k
+1.03%
total assets
341.9k
-0.01%
cash
15.5k
-0.1%
net assets
Total assets minus all liabilities
truesdale assets limited company details
company number
10497491
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
the beeches branston road, heighington, lincoln, LN4 1QQ
last accounts submitted
March 2023
truesdale assets 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 truesdale assets limited.
truesdale assets limited Companies House Filings - See Documents
| date | description | view/download |
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