iglo properties ltd
iglo properties ltd Company Information
Company Number
10587682
Next Accounts
Nov 2025
Industry
Construction of commercial buildings
Development of building projects
Directors
Shareholders
chs assets ltd
Group Structure
View All
Contact
Registered Address
cloverhill house fishwick mains, berwick-upon-tweed, TD15 1QX
Website
-iglo properties ltd Estimated Valuation
Pomanda estimates the enterprise value of IGLO PROPERTIES LTD at £73.8k based on a Turnover of £178k and 0.41x industry multiple (adjusted for size and gross margin).
iglo properties ltd Estimated Valuation
Pomanda estimates the enterprise value of IGLO PROPERTIES LTD at £225.1k based on an EBITDA of £67.6k and a 3.33x industry multiple (adjusted for size and gross margin).
iglo properties ltd Estimated Valuation
Pomanda estimates the enterprise value of IGLO PROPERTIES LTD at £415.7k based on Net Assets of £290.5k and 1.43x industry multiple (adjusted for liquidity).
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Iglo Properties Ltd Overview
Iglo Properties Ltd is a live company located in berwick-upon-tweed, TD15 1QX with a Companies House number of 10587682. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in January 2017, it's largest shareholder is chs assets ltd with a 100% stake. Iglo Properties Ltd is a young, micro sized company, Pomanda has estimated its turnover at £178k with declining growth in recent years.
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Iglo Properties Ltd Health Check
Pomanda's financial health check has awarded Iglo Properties Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £178k, make it smaller than the average company (£6.2m)
- Iglo Properties Ltd
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (7.2%)
- Iglo Properties Ltd
7.2% - Industry AVG
Production
with a gross margin of 21%, this company has a comparable cost of product (21%)
- Iglo Properties Ltd
21% - Industry AVG
Profitability
an operating margin of 16.4% make it more profitable than the average company (5.9%)
- Iglo Properties Ltd
5.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (16)
1 - Iglo Properties Ltd
16 - Industry AVG
Pay Structure
on an average salary of £51.1k, the company has an equivalent pay structure (£51.1k)
- Iglo Properties Ltd
£51.1k - Industry AVG
Efficiency
resulting in sales per employee of £178k, this is less efficient (£306.8k)
- Iglo Properties Ltd
£306.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (36 days)
- Iglo Properties Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (35 days)
- Iglo Properties Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 1139 days, this is more than average (104 days)
- Iglo Properties Ltd
104 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (17 weeks)
1 weeks - Iglo Properties Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.7%, this is a higher level of debt than the average (69.9%)
80.7% - Iglo Properties Ltd
69.9% - Industry AVG
IGLO PROPERTIES LTD financials
Iglo Properties Ltd's latest turnover from February 2024 is estimated at £178 thousand and the company has net assets of £290.5 thousand. According to their latest financial statements, Iglo Properties Ltd has 1 employee and maintains cash reserves of £42.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 348,509 | 362,753 | 360,636 | 254,970 | 222,787 | 175,627 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 662,641 | 649,647 | 636,909 | 579,009 | 511,218 | 496,328 | 397,050 |
| Debtors (Due After 1 year) | 7,000 | 17,000 | 0 | 9,383 | 9,383 | 8,482 | 0 |
| Total Fixed Assets | 1,018,150 | 1,029,400 | 997,545 | 843,362 | 743,388 | 680,437 | 397,050 |
| Stock & work in progress | 438,746 | 426,862 | 135,284 | 639,047 | 0 | 0 | 0 |
| Trade Debtors | 2,608 | 2,122 | 91,135 | 0 | 0 | 8,620 | 11,772 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 200 | 2,738 | 3,791 | 0 | 1,139 | 0 | 0 |
| Cash | 42,711 | 61,266 | 102,060 | 6,623 | 9,744 | 2,163 | 1,706 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 484,265 | 492,988 | 332,270 | 645,670 | 10,883 | 10,783 | 13,478 |
| total assets | 1,502,415 | 1,522,388 | 1,329,815 | 1,489,032 | 754,271 | 691,220 | 410,528 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,746 | 26,912 | 4,914 | 0 | 0 | 697,998 | 419,000 |
| Group/Directors Accounts | 1,159,599 | 1,195,839 | 1,066,639 | 1,378,907 | 716,732 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,678 | 10,172 | 11,115 | 6,320 | 0 | 0 | 0 |
| total current liabilities | 1,176,023 | 1,232,923 | 1,082,668 | 1,385,227 | 716,732 | 697,998 | 419,000 |
| 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 | 35,922 | 33,894 | 32,333 | 0 | 0 | 0 | 0 |
| total long term liabilities | 35,922 | 33,894 | 32,333 | 0 | 0 | 0 | 0 |
| total liabilities | 1,211,945 | 1,266,817 | 1,115,001 | 1,385,227 | 716,732 | 697,998 | 419,000 |
| net assets | 290,470 | 255,571 | 214,814 | 103,805 | 37,539 | -6,778 | -8,472 |
| total shareholders funds | 290,470 | 255,571 | 214,814 | 103,805 | 37,539 | -6,778 | -8,472 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 38,441 | 40,183 | 28,234 | 13,705 | 7,020 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 11,884 | 291,578 | -503,763 | 639,047 | 0 | 0 | 0 |
| Debtors | -12,052 | -73,066 | 85,543 | -1,139 | -6,580 | 5,330 | 11,772 |
| Creditors | -20,166 | 21,998 | 4,914 | 0 | -697,998 | 278,998 | 419,000 |
| Accruals and Deferred Income | -494 | -943 | 4,795 | 6,320 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 2,028 | 1,561 | 32,333 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 12,994 | 12,738 | 57,900 | 67,791 | 14,890 | 99,278 | 397,050 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -36,240 | 129,200 | -312,268 | 662,175 | 716,732 | 0 | 0 |
| 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 | -18,555 | -40,794 | 95,437 | -3,121 | 7,581 | 457 | 1,706 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -18,555 | -40,794 | 95,437 | -3,121 | 7,581 | 457 | 1,706 |
iglo properties ltd Credit Report and Business Information
Iglo Properties Ltd Competitor Analysis
Perform a competitor analysis for iglo properties ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in TD15 area or any other competitors across 12 key performance metrics.
iglo properties ltd Ownership
IGLO PROPERTIES LTD group structure
Iglo Properties Ltd has no subsidiary companies.
iglo properties ltd directors
Iglo Properties Ltd currently has 1 director, Mr Colin Sykes serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Sykes | 72 years | Jan 2017 | - | Director |
P&L
February 2024turnover
178k
-26%
operating profit
29.2k
0%
gross margin
21.1%
+1.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
290.5k
+0.14%
total assets
1.5m
-0.01%
cash
42.7k
-0.3%
net assets
Total assets minus all liabilities
iglo properties ltd company details
company number
10587682
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
41100 - Development of building projects
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
J H GREENWOOD & COMPANY
auditor
-
address
cloverhill house fishwick mains, berwick-upon-tweed, TD15 1QX
Bank
-
Legal Advisor
-
iglo properties ltd 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 4 charges/mortgages relating to iglo properties ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
iglo properties ltd 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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iglo properties ltd Companies House Filings - See Documents
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