aspen tower propco 2 limited
aspen tower propco 2 limited Company Information
Company Number
10500824
Next Accounts
Sep 2025
Industry
Residential care activities for the elderly and disabled
Shareholders
aspen tower investments limited
Group Structure
View All
Contact
Registered Address
5 churchill place, 10th floor, london, E14 5HU
Website
willowbrookhealthcare.co.ukaspen tower propco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN TOWER PROPCO 2 LIMITED at £172.3m based on a Turnover of £54.5m and 3.16x industry multiple (adjusted for size and gross margin).
aspen tower propco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN TOWER PROPCO 2 LIMITED at £406.3m based on an EBITDA of £17.8m and a 22.87x industry multiple (adjusted for size and gross margin).
aspen tower propco 2 limited Estimated Valuation
Pomanda estimates the enterprise value of ASPEN TOWER PROPCO 2 LIMITED at £1.1b based on Net Assets of £353.8m and 2.99x industry multiple (adjusted for liquidity).
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Aspen Tower Propco 2 Limited Overview
Aspen Tower Propco 2 Limited is a live company located in london, E14 5HU with a Companies House number of 10500824. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in November 2016, it's largest shareholder is aspen tower investments limited with a 100% stake. Aspen Tower Propco 2 Limited is a young, large sized company, Pomanda has estimated its turnover at £54.5m with low growth in recent years.
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Aspen Tower Propco 2 Limited Health Check
Pomanda's financial health check has awarded Aspen Tower Propco 2 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
1 Weak
Size
annual sales of £54.5m, make it larger than the average company (£2.7m)
£54.5m - Aspen Tower Propco 2 Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.2%)
3% - Aspen Tower Propco 2 Limited
6.2% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (38.7%)
100% - Aspen Tower Propco 2 Limited
38.7% - Industry AVG
Profitability
an operating margin of 32.6% make it more profitable than the average company (10.8%)
32.6% - Aspen Tower Propco 2 Limited
10.8% - Industry AVG
Employees
with 1311 employees, this is above the industry average (63)
- Aspen Tower Propco 2 Limited
63 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Aspen Tower Propco 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £41.5k, this is equally as efficient (£41.6k)
- Aspen Tower Propco 2 Limited
£41.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Aspen Tower Propco 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Aspen Tower Propco 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Aspen Tower Propco 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (36 weeks)
47 weeks - Aspen Tower Propco 2 Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.9%, this is a similar level of debt than the average (44.7%)
46.9% - Aspen Tower Propco 2 Limited
44.7% - Industry AVG
ASPEN TOWER PROPCO 2 LIMITED financials
Aspen Tower Propco 2 Limited's latest turnover from December 2023 is £54.5 million and the company has net assets of £353.8 million. According to their latest financial statements, we estimate that Aspen Tower Propco 2 Limited has 1,311 employees and maintains cash reserves of £10 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 54,458,995 | 51,985,693 | 53,337,498 | 49,447,672 | 578,754 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 0 | 0 | -4,047 | 0 | 0 | 0 | |
| Gross Profit | 54,458,995 | 51,985,693 | 53,337,498 | 49,451,719 | 578,754 | 0 | 0 | |
| Admin Expenses | 36,694,765 | 19,637,576 | 4,123,526 | 98,136,048 | -3,760,883 | 0 | 0 | |
| Operating Profit | 17,764,230 | 32,348,117 | 49,213,972 | -48,684,329 | 4,339,637 | 0 | 0 | |
| Interest Payable | 14,773,388 | 12,536,483 | 13,110,105 | 13,733,262 | 586,289 | 0 | 0 | 0 |
| Interest Receivable | 93,850 | 16,985 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,084,692 | 19,828,619 | 36,103,867 | -62,417,591 | 3,753,348 | -5,214 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -990 | 991 | 0 | 0 |
| Profit After Tax | 3,084,692 | 19,828,619 | 36,103,867 | -62,417,591 | 3,752,358 | -4,223 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,084,692 | 19,828,619 | 36,103,867 | -62,417,591 | 3,752,358 | -4,223 | 0 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 93,057 | 0 | 0 | |
| Number Of Employees | 16 | 5 | 3 | 3 | ||||
| EBITDA* | 17,764,230 | 32,348,117 | 49,213,972 | -48,684,329 | 4,339,637 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 8,219,625 | 3,070,874 | 192,998 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 568,750,000 | 612,100,000 | 629,275,000 | 588,069,008 | 674,310,755 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 568,750,000 | 612,100,000 | 629,275,000 | 588,069,008 | 674,310,755 | 8,219,625 | 3,070,874 | 192,998 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 5,455,022 | 0 | 0 | 0 | 0 |
| Group Debtors | 87,810,973 | 38,530,594 | 14,815,182 | 3,208,220 | 377,661 | 210,000 | 210,000 | 0 |
| Misc Debtors | 0 | 142,225 | 209,547 | 204,959 | 112,152 | 991 | 0 | 0 |
| Cash | 9,973,622 | 21,380,569 | 1,400,000 | 2,856,473 | 0 | 125,787 | 292,167 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 97,784,595 | 60,053,388 | 16,424,729 | 11,724,674 | 489,813 | 336,778 | 502,167 | 0 |
| total assets | 666,534,595 | 672,153,388 | 645,699,729 | 599,793,682 | 674,800,568 | 8,556,403 | 3,573,041 | 192,998 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 6,881 | 242,933 | 14,899 |
| Group/Directors Accounts | 10,750,163 | 355,752,534 | 355,456,221 | 323,981,512 | 333,789,401 | 1,375,276 | 1,216,228 | 178,098 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 92,904 | 257,187 | 374,847 | 247,330 | 37,800 | 0 | 0 | 0 |
| total current liabilities | 10,843,067 | 356,009,721 | 355,831,068 | 324,228,842 | 333,827,201 | 1,382,157 | 1,459,161 | 192,997 |
| loans | 301,941,038 | 318,340,766 | 311,894,379 | 333,694,425 | 336,685,361 | 7,178,468 | 2,113,879 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 301,941,038 | 318,340,766 | 311,894,379 | 333,694,425 | 336,685,361 | 7,178,468 | 2,113,879 | 0 |
| total liabilities | 312,784,105 | 674,350,487 | 667,725,447 | 657,923,267 | 670,512,562 | 8,560,625 | 3,573,040 | 192,997 |
| net assets | 353,750,490 | -2,197,099 | -22,025,718 | -58,129,585 | 4,288,006 | -4,222 | 1 | 1 |
| total shareholders funds | 353,750,490 | -2,197,099 | -22,025,718 | -58,129,585 | 4,288,006 | -4,222 | 1 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 17,764,230 | 32,348,117 | 49,213,972 | -48,684,329 | 4,339,637 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -990 | 991 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 49,138,154 | 23,648,090 | 6,156,528 | 8,378,388 | 279,813 | 991 | 210,000 | 0 |
| Creditors | 0 | 0 | 0 | 0 | -242,933 | -236,052 | 228,034 | 14,899 |
| Accruals and Deferred Income | -164,283 | -117,660 | 127,517 | 209,530 | 37,800 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -31,538,207 | 8,582,367 | 43,184,961 | -56,853,187 | 3,853,701 | 18,034 | 14,899 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -43,350,000 | -17,175,000 | 41,205,992 | -86,241,747 | 674,310,755 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -345,002,371 | 296,313 | 31,474,709 | -9,807,889 | 332,573,173 | 159,048 | 1,038,130 | 178,098 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -16,399,728 | 6,446,387 | -21,800,046 | -2,990,936 | 334,571,482 | 5,064,589 | 2,113,879 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -14,679,538 | -12,519,498 | -13,110,105 | -13,733,262 | -586,289 | 0 | 0 | 0 |
| cash flow from financing | -23,218,740 | -5,776,798 | -3,435,442 | -26,532,087 | 667,094,013 | 5,223,637 | 3,152,009 | 178,099 |
| cash and cash equivalents | ||||||||
| cash | -11,406,947 | 19,980,569 | -1,456,473 | 2,856,473 | -292,167 | -166,380 | 292,167 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -11,406,947 | 19,980,569 | -1,456,473 | 2,856,473 | -292,167 | -166,380 | 292,167 | 0 |
aspen tower propco 2 limited Credit Report and Business Information
Aspen Tower Propco 2 Limited Competitor Analysis
Perform a competitor analysis for aspen tower propco 2 limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
aspen tower propco 2 limited Ownership
ASPEN TOWER PROPCO 2 LIMITED group structure
Aspen Tower Propco 2 Limited has no subsidiary companies.
Ultimate parent company
ASPEN TOWER INVESTMENTS LTD
#0134019
1 parent
ASPEN TOWER PROPCO 2 LIMITED
10500824
aspen tower propco 2 limited directors
Aspen Tower Propco 2 Limited currently has 3 directors. The longest serving directors include Mr Jonathan Salter (Jul 2021) and Mr Jorge Manrique Charro (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Salter | United Kingdom | 57 years | Jul 2021 | - | Director |
| Mr Jorge Manrique Charro | England | 38 years | May 2022 | - | Director |
| Mr Khalid Hayat | United Kingdom | 30 years | Sep 2023 | - | Director |
P&L
December 2023turnover
54.5m
+5%
operating profit
17.8m
-45%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
353.8m
-162.01%
total assets
666.5m
-0.01%
cash
10m
-0.53%
net assets
Total assets minus all liabilities
aspen tower propco 2 limited company details
company number
10500824
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
sipl saints kingswood propco limited (November 2019)
avery homes (kingswood) limited (August 2019)
accountant
-
auditor
GRANT THORNTON
address
5 churchill place, 10th floor, london, E14 5HU
Bank
-
Legal Advisor
-
aspen tower propco 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 did not find charges/mortgages relating to aspen tower propco 2 limited.
aspen tower propco 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.
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aspen tower propco 2 limited Companies House Filings - See Documents
| date | description | view/download |
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