smart developments (notts) ltd
smart developments (notts) ltd Company Information
Company Number
10605870
Registered Address
unit 2b (first floor), 100 melton road, nottingham, NG2 6EP
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Management of real estate on a fee or contract basis
Telephone
03330508175
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
aimee labbate 50%
berardino labbate 50%
smart developments (notts) ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART DEVELOPMENTS (NOTTS) LTD at £1.2m based on a Turnover of £488.2k and 2.49x industry multiple (adjusted for size and gross margin).
smart developments (notts) ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART DEVELOPMENTS (NOTTS) LTD at £1.4m based on an EBITDA of £204.9k and a 6.79x industry multiple (adjusted for size and gross margin).
smart developments (notts) ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART DEVELOPMENTS (NOTTS) LTD at £2.4m based on Net Assets of £1.5m and 1.57x industry multiple (adjusted for liquidity).
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Smart Developments (notts) Ltd Overview
Smart Developments (notts) Ltd is a live company located in nottingham, NG2 6EP with a Companies House number of 10605870. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 2017, it's largest shareholder is aimee labbate with a 50% stake. Smart Developments (notts) Ltd is a young, micro sized company, Pomanda has estimated its turnover at £488.2k with high growth in recent years.
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Smart Developments (notts) Ltd Health Check
Pomanda's financial health check has awarded Smart Developments (Notts) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £488.2k, make it smaller than the average company (£902.3k)
- Smart Developments (notts) Ltd
£902.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (2.3%)
- Smart Developments (notts) Ltd
2.3% - Industry AVG
Production
with a gross margin of 63.1%, this company has a comparable cost of product (63.1%)
- Smart Developments (notts) Ltd
63.1% - Industry AVG
Profitability
an operating margin of 42% make it more profitable than the average company (26.8%)
- Smart Developments (notts) Ltd
26.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Smart Developments (notts) Ltd
5 - Industry AVG
Pay Structure
on an average salary of £36.2k, the company has an equivalent pay structure (£36.2k)
- Smart Developments (notts) Ltd
£36.2k - Industry AVG
Efficiency
resulting in sales per employee of £244.1k, this is more efficient (£151.8k)
- Smart Developments (notts) Ltd
£151.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Smart Developments (notts) Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Smart Developments (notts) Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 2343 days, this is more than average (173 days)
- Smart Developments (notts) Ltd
173 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Smart Developments (notts) Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.2%, this is a similar level of debt than the average (71%)
73.2% - Smart Developments (notts) Ltd
71% - Industry AVG
SMART DEVELOPMENTS (NOTTS) LTD financials
Smart Developments (Notts) Ltd's latest turnover from February 2023 is estimated at £488.2 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Smart Developments (Notts) Ltd has 2 employees and maintains cash reserves of £79.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 2 | 2 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 95 | 32,755 | 127 | 610,170 | 610,000 | 391,475 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,300,000 | 3,300,000 | 610,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,300,095 | 3,332,755 | 610,127 | 610,170 | 610,000 | 391,475 |
| Stock & work in progress | 1,154,754 | 390,070 | 1,524,241 | 742,735 | 290,746 | 270,119 |
| Trade Debtors | 0 | 63,911 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 66,724 | 0 | 0 |
| Misc Debtors | 1,167,502 | 91,693 | 76,792 | 10,940 | 162 | 0 |
| Cash | 79,833 | 782,187 | 148,065 | 112,206 | 16,089 | 15,689 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,402,089 | 1,327,861 | 1,749,098 | 932,605 | 306,997 | 285,808 |
| total assets | 5,702,184 | 4,660,616 | 2,359,225 | 1,542,775 | 916,997 | 677,283 |
| Bank overdraft | 0 | 0 | 1,400 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 558,012 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,669,056 | 1,528,171 | 1,661,343 | 629,268 | 562,183 | 553,829 |
| total current liabilities | 1,669,056 | 1,528,171 | 1,662,743 | 1,187,280 | 562,183 | 553,829 |
| loans | 2,466,816 | 1,582,095 | 358,744 | 120,278 | 120,278 | 120,030 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 38,604 | 38,604 | 38,604 | 38,612 | 38,580 | 0 |
| total long term liabilities | 2,505,420 | 1,620,699 | 397,348 | 158,890 | 158,858 | 120,030 |
| total liabilities | 4,174,476 | 3,148,870 | 2,060,091 | 1,346,170 | 721,041 | 673,859 |
| net assets | 1,527,708 | 1,511,746 | 299,134 | 196,605 | 195,956 | 3,424 |
| total shareholders funds | 1,527,708 | 1,511,746 | 299,134 | 196,605 | 195,956 | 3,424 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 8,197 | 43 | 57 | 3,955 | 3,955 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 764,684 | -1,134,171 | 781,506 | 451,989 | 20,627 | 270,119 |
| Debtors | 1,011,898 | 78,812 | -872 | 77,502 | 162 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 140,885 | -133,172 | 1,032,075 | 67,085 | 8,354 | 553,829 |
| Deferred Taxes & Provisions | 0 | 0 | -8 | 32 | 38,580 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 2,690,000 | 610,000 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -558,012 | 558,012 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 884,721 | 1,223,351 | 238,466 | 0 | 248 | 120,030 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -702,354 | 634,122 | 35,859 | 96,117 | 400 | 15,689 |
| overdraft | 0 | -1,400 | 1,400 | 0 | 0 | 0 |
| change in cash | -702,354 | 635,522 | 34,459 | 96,117 | 400 | 15,689 |
smart developments (notts) ltd Credit Report and Business Information
Smart Developments (notts) Ltd Competitor Analysis
Perform a competitor analysis for smart developments (notts) ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in NG2 area or any other competitors across 12 key performance metrics.
smart developments (notts) ltd Ownership
SMART DEVELOPMENTS (NOTTS) LTD group structure
Smart Developments (Notts) Ltd has 2 subsidiary companies.
Ultimate parent company
SMART DEVELOPMENTS (NOTTS) LTD
10605870
2 subsidiaries
smart developments (notts) ltd directors
Smart Developments (Notts) Ltd currently has 2 directors. The longest serving directors include Mrs Aimee Labbate (Feb 2017) and Mr Berardino Labbate (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Aimee Labbate | England | 35 years | Feb 2017 | - | Director |
| Mr Berardino Labbate | England | 37 years | Feb 2017 | - | Director |
P&L
February 2023turnover
488.2k
+1%
operating profit
204.9k
0%
gross margin
63.2%
+0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
1.5m
+0.01%
total assets
5.7m
+0.22%
cash
79.8k
-0.9%
net assets
Total assets minus all liabilities
smart developments (notts) ltd company details
company number
10605870
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
unit 2b (first floor), 100 melton road, nottingham, NG2 6EP
Bank
-
Legal Advisor
-
smart developments (notts) 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 12 charges/mortgages relating to smart developments (notts) ltd. Currently there are 9 open charges and 3 have been satisfied in the past.
smart developments (notts) ltd Companies House Filings - See Documents
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