smms developments limited
smms developments limited Company Information
Company Number
10557324
Next Accounts
Aug 2025
Industry
Development of building projects
Shareholders
mark philip sherwin
simon james manley
Group Structure
View All
Contact
Registered Address
188a narborough road, leicester, LE3 0BU
Website
-smms developments limited Estimated Valuation
Pomanda estimates the enterprise value of SMMS DEVELOPMENTS LIMITED at £343.1k based on a Turnover of £624k and 0.55x industry multiple (adjusted for size and gross margin).
smms developments limited Estimated Valuation
Pomanda estimates the enterprise value of SMMS DEVELOPMENTS LIMITED at £83.5k based on an EBITDA of £21.6k and a 3.86x industry multiple (adjusted for size and gross margin).
smms developments limited Estimated Valuation
Pomanda estimates the enterprise value of SMMS DEVELOPMENTS LIMITED at £0 based on Net Assets of £-536k and 1.56x industry multiple (adjusted for liquidity).
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Smms Developments Limited Overview
Smms Developments Limited is a live company located in leicester, LE3 0BU with a Companies House number of 10557324. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2017, it's largest shareholder is mark philip sherwin with a 50% stake. Smms Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £624k with rapid growth in recent years.
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Smms Developments Limited Health Check
Pomanda's financial health check has awarded Smms Developments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £477.7k, make it smaller than the average company (£2.1m)
- Smms Developments Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.1%)
- Smms Developments Limited
2.1% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (25.8%)
- Smms Developments Limited
25.8% - Industry AVG
Profitability
an operating margin of 13% make it more profitable than the average company (8.7%)
- Smms Developments Limited
8.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Smms Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- Smms Developments Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £238.9k, this is equally as efficient (£272.5k)
- Smms Developments Limited
£272.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (29 days)
- Smms Developments Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (31 days)
- Smms Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1162 days, this is more than average (182 days)
- Smms Developments Limited
182 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Smms Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.3%, this is a higher level of debt than the average (74.5%)
139.3% - Smms Developments Limited
74.5% - Industry AVG
SMMS DEVELOPMENTS LIMITED financials
Smms Developments Limited's latest turnover from November 2023 is estimated at £624 thousand and the company has net assets of -£536 thousand. According to their latest financial statements, Smms Developments Limited has 2 employees and maintains cash reserves of £475 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,130,849 | 1,128,837 | 959,195 | 935,889 | 620,889 | 581,663 | 505,326 |
| Trade Debtors | 0 | 119 | 0 | 0 | 3,225 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 83,598 | 89,987 | 12,006 | 1,764 | 437,472 | 352,676 | 48,388 |
| Cash | 475 | 6,568 | 26,017 | 64,730 | 2,879 | 446 | 3,870 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 4,075 | 0 |
| total current assets | 1,214,922 | 1,225,511 | 997,218 | 1,002,383 | 1,064,465 | 938,860 | 557,584 |
| total assets | 1,214,922 | 1,225,511 | 997,218 | 1,002,383 | 1,064,465 | 938,860 | 557,584 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,371 | 54,309 | 0 | 1,751 | 10,112 | 8,391 | 24,255 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,198,629 | 1,154,724 | 1,094,625 | 1,042,500 | 1,000,000 | 970,343 | 455,343 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 522,930 | 498,351 | 331,920 | 322,270 | 356,753 | 175,629 | 94,401 |
| total current liabilities | 1,750,930 | 1,707,384 | 1,426,545 | 1,366,521 | 1,366,865 | 1,154,363 | 573,999 |
| 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 | 1,750,930 | 1,707,384 | 1,426,545 | 1,366,521 | 1,366,865 | 1,154,363 | 573,999 |
| net assets | -536,008 | -481,873 | -429,327 | -364,138 | -302,400 | -215,503 | -16,415 |
| total shareholders funds | -536,008 | -481,873 | -429,327 | -364,138 | -302,400 | -215,503 | -16,415 |
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 171,654 | 169,642 | 23,306 | 315,000 | 39,226 | 76,337 | 505,326 |
| Debtors | 71,592 | 78,100 | 10,242 | -438,933 | 88,021 | 304,288 | 48,388 |
| Creditors | 29,371 | 54,309 | -1,751 | -8,361 | 1,721 | -15,864 | 24,255 |
| Accruals and Deferred Income | 191,010 | 166,431 | 9,650 | -34,483 | 181,124 | 81,228 | 94,401 |
| 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 | 104,004 | 60,099 | 52,125 | 42,500 | 29,657 | 515,000 | 455,343 |
| 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 | -25,542 | -19,449 | -38,713 | 61,851 | 2,433 | -3,424 | 3,870 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -25,542 | -19,449 | -38,713 | 61,851 | 2,433 | -3,424 | 3,870 |
smms developments limited Credit Report and Business Information
Smms Developments Limited Competitor Analysis
Perform a competitor analysis for smms developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in LE3 area or any other competitors across 12 key performance metrics.
smms developments limited Ownership
SMMS DEVELOPMENTS LIMITED group structure
Smms Developments Limited has no subsidiary companies.
Ultimate parent company
SMMS DEVELOPMENTS LIMITED
10557324
smms developments limited directors
Smms Developments Limited currently has 2 directors. The longest serving directors include Mr Simon Manley (Jan 2017) and Mr Mark Sherwin (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Manley | United Kingdom | 54 years | Jan 2017 | - | Director |
| Mr Mark Sherwin | 59 years | Jan 2017 | - | Director |
P&L
November 2023turnover
624k
-24%
operating profit
21.6k
0%
gross margin
26.1%
+10.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-536k
+0.25%
total assets
1.2m
+0.22%
cash
475
-0.98%
net assets
Total assets minus all liabilities
smms developments limited company details
company number
10557324
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
smms investments limited (February 2018)
accountant
-
auditor
-
address
188a narborough road, leicester, LE3 0BU
Bank
-
Legal Advisor
-
smms developments 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 2 charges/mortgages relating to smms developments limited. Currently there are 0 open charges and 2 have been satisfied in the past.
smms developments 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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smms developments limited Companies House Filings - See Documents
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