korealm limited
korealm limited Company Information
Company Number
10539013
Next Accounts
Sep 2025
Shareholders
olumuyiwa awonuga
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
44 ruskin road, belvedere, DA17 5BB
Website
-korealm limited Estimated Valuation
Pomanda estimates the enterprise value of KOREALM LIMITED at £220.1k based on a Turnover of £135.7k and 1.62x industry multiple (adjusted for size and gross margin).
korealm limited Estimated Valuation
Pomanda estimates the enterprise value of KOREALM LIMITED at £0 based on an EBITDA of £-39.9k and a 4.28x industry multiple (adjusted for size and gross margin).
korealm limited Estimated Valuation
Pomanda estimates the enterprise value of KOREALM LIMITED at £11k based on Net Assets of £6.1k and 1.82x industry multiple (adjusted for liquidity).
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Korealm Limited Overview
Korealm Limited is a live company located in belvedere, DA17 5BB with a Companies House number of 10539013. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in December 2016, it's largest shareholder is olumuyiwa awonuga with a 100% stake. Korealm Limited is a young, micro sized company, Pomanda has estimated its turnover at £135.7k with rapid growth in recent years.
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Korealm Limited Health Check
Pomanda's financial health check has awarded Korealm Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £135.7k, make it smaller than the average company (£358.3k)
- Korealm Limited
£358.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (4.5%)
- Korealm Limited
4.5% - Industry AVG
Production
with a gross margin of 15.5%, this company has a higher cost of product (68.9%)
- Korealm Limited
68.9% - Industry AVG
Profitability
an operating margin of -29.4% make it less profitable than the average company (6.6%)
- Korealm Limited
6.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (7)
3 - Korealm Limited
7 - Industry AVG
Pay Structure
on an average salary of £42.6k, the company has an equivalent pay structure (£42.6k)
- Korealm Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £45.2k, this is less efficient (£103.4k)
- Korealm Limited
£103.4k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (49 days)
- Korealm Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 484 days, this is slower than average (30 days)
- Korealm Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Korealm Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Korealm Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (57.5%)
99% - Korealm Limited
57.5% - Industry AVG
KOREALM LIMITED financials
Korealm Limited's latest turnover from December 2023 is estimated at £135.7 thousand and the company has net assets of £6.1 thousand. According to their latest financial statements, Korealm Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1 | 4,300 | |||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 1,050 | ||||||
| Gross Profit | 3,250 | ||||||
| Admin Expenses | 2,658 | ||||||
| Operating Profit | 592 | ||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | 592 | ||||||
| Tax | -112 | ||||||
| Profit After Tax | 480 | ||||||
| Dividends Paid | |||||||
| Retained Profit | 480 | ||||||
| Employee Costs | |||||||
| Number Of Employees | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* | 592 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 579,079 | 385,799 | 581,207 | 394,144 | |||
| Intangible Assets | |||||||
| Investments & Other | 295,260 | ||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 579,079 | 385,799 | 581,207 | 394,144 | 295,260 | ||
| Stock & work in progress | |||||||
| Trade Debtors | 26,006 | 52,052 | 4,973 | 5,638 | |||
| Group Debtors | |||||||
| Misc Debtors | |||||||
| Cash | 19,388 | 13,316 | 3,025 | ||||
| misc current assets | |||||||
| total current assets | 26,006 | 52,052 | 4,973 | 5,638 | 19,388 | 13,316 | 3,025 |
| total assets | 605,085 | 437,851 | 586,180 | 399,782 | 314,648 | 13,316 | 3,025 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 152,043 | 8,265 | 2,365 | 5,261 | 1,545 | ||
| Group/Directors Accounts | 3,633 | 7,583 | |||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 2,683 | 826 | 92 | ||||
| total current liabilities | 152,043 | 8,265 | 2,365 | 5,261 | 6,316 | 8,409 | 1,637 |
| loans | 67,800 | ||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 1,500 | 1,500 | 1,500 | 1,500 | |||
| other liabilities | 445,479 | 382,169 | 560,284 | 369,580 | 227,385 | ||
| provisions | |||||||
| total long term liabilities | 446,979 | 383,669 | 561,784 | 371,080 | 295,185 | ||
| total liabilities | 599,022 | 391,934 | 564,149 | 376,341 | 301,501 | 8,409 | 1,637 |
| net assets | 6,063 | 45,917 | 22,031 | 23,441 | 13,147 | 4,907 | 1,388 |
| total shareholders funds | 6,063 | 45,917 | 22,031 | 23,441 | 13,147 | 4,907 | 1,388 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 592 | ||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | -112 | ||||||
| Stock | |||||||
| Debtors | -26,046 | 47,079 | -665 | 5,638 | |||
| Creditors | 143,778 | 5,900 | -2,896 | 5,261 | -1,545 | 1,545 | |
| Accruals and Deferred Income | -1,183 | 1,857 | 734 | 92 | |||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 2,117 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -295,260 | 295,260 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -3,633 | -3,950 | 7,583 | ||||
| Other Short Term Loans | |||||||
| Long term loans | -67,800 | 67,800 | |||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | 63,310 | -178,115 | 190,704 | 142,195 | 227,385 | ||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | 908 | ||||||
| cash and cash equivalents | |||||||
| cash | -19,388 | 6,072 | 10,291 | 3,025 | |||
| overdraft | |||||||
| change in cash | -19,388 | 6,072 | 10,291 | 3,025 |
korealm limited Credit Report and Business Information
Korealm Limited Competitor Analysis
Perform a competitor analysis for korealm limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in DA17 area or any other competitors across 12 key performance metrics.
korealm limited Ownership
KOREALM LIMITED group structure
Korealm Limited has no subsidiary companies.
Ultimate parent company
KOREALM LIMITED
10539013
korealm limited directors
Korealm Limited currently has 2 directors. The longest serving directors include Mr Olumuyiwa Awonuga (Dec 2016) and Mrs Omosuwa Awonuga (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Olumuyiwa Awonuga | England | 50 years | Dec 2016 | - | Director |
| Mrs Omosuwa Awonuga | England | 50 years | Jun 2019 | - | Director |
P&L
December 2023turnover
135.7k
+45%
operating profit
-39.9k
0%
gross margin
15.6%
-7.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.1k
-0.87%
total assets
605.1k
+0.38%
cash
0
0%
net assets
Total assets minus all liabilities
korealm limited company details
company number
10539013
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
December 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
THE ROCK FMC LTD
auditor
-
address
44 ruskin road, belvedere, DA17 5BB
Bank
TIDE BANK
Legal Advisor
-
korealm 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 7 charges/mortgages relating to korealm limited. Currently there are 6 open charges and 1 have been satisfied in the past.
korealm 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 KOREALM LIMITED. This can take several minutes, an email will notify you when this has completed.
korealm limited Companies House Filings - See Documents
| date | description | view/download |
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