spring residential uk limited
spring residential uk limited Company Information
Company Number
10572345
Next Accounts
2 days late
Industry
Management of real estate on a fee or contract basis
Development of building projects
Shareholders
mr robert leslie wyke
mr alan shad
View AllGroup Structure
View All
Contact
Registered Address
85 great portland street, london, W1W 7LT
Website
-spring residential uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING RESIDENTIAL UK LIMITED at £154.2k based on a Turnover of £158.6k and 0.97x industry multiple (adjusted for size and gross margin).
spring residential uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING RESIDENTIAL UK LIMITED at £0 based on an EBITDA of £-8.2k and a 3.67x industry multiple (adjusted for size and gross margin).
spring residential uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING RESIDENTIAL UK LIMITED at £0 based on Net Assets of £-37.4k and 1.67x industry multiple (adjusted for liquidity).
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Spring Residential Uk Limited Overview
Spring Residential Uk Limited is a live company located in london, W1W 7LT with a Companies House number of 10572345. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in January 2017, it's largest shareholder is mr robert leslie wyke with a 50% stake. Spring Residential Uk Limited is a young, micro sized company, Pomanda has estimated its turnover at £158.6k with high growth in recent years.
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Spring Residential Uk Limited Health Check
Pomanda's financial health check has awarded Spring Residential Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £158.6k, make it smaller than the average company (£1.3m)
- Spring Residential Uk Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (2.8%)
- Spring Residential Uk Limited
2.8% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (46.6%)
- Spring Residential Uk Limited
46.6% - Industry AVG
Profitability
an operating margin of -5.2% make it less profitable than the average company (8%)
- Spring Residential Uk Limited
8% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Spring Residential Uk Limited
6 - Industry AVG
Pay Structure
on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)
- Spring Residential Uk Limited
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £158.6k, this is equally as efficient (£180.5k)
- Spring Residential Uk Limited
£180.5k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (38 days)
- Spring Residential Uk Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 172 days, this is slower than average (33 days)
- Spring Residential Uk Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spring Residential Uk Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spring Residential Uk Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 174.4%, this is a higher level of debt than the average (65.8%)
174.4% - Spring Residential Uk Limited
65.8% - Industry AVG
SPRING RESIDENTIAL UK LIMITED financials
Spring Residential Uk Limited's latest turnover from March 2023 is estimated at £158.6 thousand and the company has net assets of -£37.4 thousand. According to their latest financial statements, we estimate that Spring Residential Uk Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 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 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,745 | 1,745 | 0 | 2,268 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,745 | 1,745 | 0 | 2,268 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 48,502 | 0 | 0 | 26,250 | 15,600 | 36,500 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 37,402 | 136,880 | 13,496 | 32,448 | 1,970 |
| Cash | 0 | 36,092 | 40,388 | 30,735 | 12,037 | 22,826 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 48,502 | 73,494 | 177,268 | 70,481 | 60,085 | 61,296 |
| total assets | 50,247 | 75,239 | 177,268 | 72,749 | 60,085 | 61,296 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 7,986 | 0 | 0 | 0 | 0 |
| Trade Creditors | 65,082 | 76 | 12,933 | 72 | 84 | 2,496 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 10,428 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 60,834 | 100,388 | 58,545 | 58,165 | 58,030 |
| total current liabilities | 65,082 | 68,896 | 113,321 | 58,617 | 68,677 | 60,526 |
| loans | 0 | 34,028 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 22,558 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 22,558 | 34,028 | 50,000 | 0 | 0 | 0 |
| total liabilities | 87,640 | 102,924 | 163,321 | 58,617 | 68,677 | 60,526 |
| net assets | -37,393 | -27,685 | 13,947 | 14,132 | -8,592 | 770 |
| total shareholders funds | -37,393 | -27,685 | 13,947 | 14,132 | -8,592 | 770 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 249 | 2,268 | 2,267 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,100 | -99,478 | 97,134 | -8,302 | 9,578 | 38,470 |
| Creditors | 65,006 | -12,857 | 12,861 | -12 | -2,412 | 2,496 |
| Accruals and Deferred Income | -60,834 | -39,554 | 41,843 | 380 | 135 | 58,030 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -7,986 | 7,986 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -10,428 | 10,428 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -34,028 | -15,972 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 22,558 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -36,092 | -4,296 | 9,653 | 18,698 | -10,789 | 22,826 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -36,092 | -4,296 | 9,653 | 18,698 | -10,789 | 22,826 |
spring residential uk limited Credit Report and Business Information
Spring Residential Uk Limited Competitor Analysis
Perform a competitor analysis for spring residential uk limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
spring residential uk limited Ownership
SPRING RESIDENTIAL UK LIMITED group structure
Spring Residential Uk Limited has 1 subsidiary company.
Ultimate parent company
SPRING RESIDENTIAL UK LIMITED
10572345
1 subsidiary
spring residential uk limited directors
Spring Residential Uk Limited currently has 2 directors. The longest serving directors include Mr Alan Shad (Jan 2017) and Mr Robert Wyke (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Shad | England | 62 years | Jan 2017 | - | Director |
| Mr Robert Wyke | England | 50 years | Jan 2017 | - | Director |
P&L
March 2023turnover
158.6k
+60%
operating profit
-8.2k
0%
gross margin
13.2%
+4.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-37.4k
+0.35%
total assets
50.2k
-0.33%
cash
0
-1%
net assets
Total assets minus all liabilities
spring residential uk limited company details
company number
10572345
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
41100 - Development of building projects
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
letchmore limited (February 2017)
accountant
-
auditor
-
address
85 great portland street, london, W1W 7LT
Bank
-
Legal Advisor
-
spring residential uk 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 spring residential uk limited.
spring residential uk 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 SPRING RESIDENTIAL UK LIMITED. This can take several minutes, an email will notify you when this has completed.
spring residential uk limited Companies House Filings - See Documents
| date | description | view/download |
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