residential land 2 limited
residential land 2 limited Company Information
Company Number
10675493
Website
-Registered Address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
bruce weir ritchie 100%
residential land 2 limited Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL LAND 2 LIMITED at £395m based on a Turnover of £174.2m and 2.27x industry multiple (adjusted for size and gross margin).
residential land 2 limited Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL LAND 2 LIMITED at £0 based on an EBITDA of £-681.3k and a 8.75x industry multiple (adjusted for size and gross margin).
residential land 2 limited Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL LAND 2 LIMITED at £0 based on Net Assets of £-2.8m and 1.72x industry multiple (adjusted for liquidity).
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Residential Land 2 Limited Overview
Residential Land 2 Limited is a live company located in woodford green, IG8 8HD with a Companies House number of 10675493. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2017, it's largest shareholder is bruce weir ritchie with a 100% stake. Residential Land 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £174.2m with low growth in recent years.
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Residential Land 2 Limited Health Check
Pomanda's financial health check has awarded Residential Land 2 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £174.2m, make it larger than the average company (£18.2m)
- Residential Land 2 Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.7%)
- Residential Land 2 Limited
6.7% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (36.1%)
- Residential Land 2 Limited
36.1% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (5.1%)
- Residential Land 2 Limited
5.1% - Industry AVG
Employees
with 448 employees, this is above the industry average (106)
- Residential Land 2 Limited
106 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Residential Land 2 Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £388.8k, this is more efficient (£178.8k)
- Residential Land 2 Limited
£178.8k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (47 days)
- Residential Land 2 Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 128 days, this is slower than average (48 days)
- Residential Land 2 Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Residential Land 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Residential Land 2 Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.1%, this is a higher level of debt than the average (70%)
106.1% - Residential Land 2 Limited
70% - Industry AVG
residential land 2 limited Credit Report and Business Information
Residential Land 2 Limited Competitor Analysis
Perform a competitor analysis for residential land 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
residential land 2 limited Ownership
RESIDENTIAL LAND 2 LIMITED group structure
Residential Land 2 Limited has no subsidiary companies.
Ultimate parent company
RESIDENTIAL LAND 2 LIMITED
10675493
residential land 2 limited directors
Residential Land 2 Limited currently has 2 directors. The longest serving directors include Mr Bruce Ritchie (Mar 2017) and Mr Jonathan Rust (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Ritchie | United Kingdom | 59 years | Mar 2017 | - | Director |
| Mr Jonathan Rust | United Kingdom | 51 years | Feb 2021 | - | Director |
RESIDENTIAL LAND 2 LIMITED financials
Residential Land 2 Limited's latest turnover from December 2022 is estimated at £174.2 million and the company has net assets of -£2.8 million. According to their latest financial statements, we estimate that Residential Land 2 Limited has 448 employees and maintains cash reserves of £763 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2019 | Dec 2017 | |
|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2019 | Dec 2017 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 3,587,188 | 4,259,083 | 10,406,203 | 9,796,351 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,587,188 | 4,259,083 | 10,406,203 | 9,796,351 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 41,922,705 | 40,448,199 | 35,300,379 | 11,158,220 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 763 | 5,845 | 122,105 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 41,923,468 | 40,454,044 | 35,422,484 | 11,158,220 |
| total assets | 45,510,656 | 44,713,127 | 45,828,687 | 20,954,571 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 48,297,022 | 46,818,296 | 46,585,936 | 20,954,471 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 48,297,022 | 46,818,296 | 46,585,936 | 20,954,471 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 48,297,022 | 46,818,296 | 46,585,936 | 20,954,471 |
| net assets | -2,786,366 | -2,105,169 | -757,249 | 100 |
| total shareholders funds | -2,786,366 | -2,105,169 | -757,249 | 100 |
| Dec 2022 | Dec 2021 | Dec 2019 | Dec 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 134,497 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,474,506 | 40,448,199 | 35,300,379 | 11,158,220 |
| Creditors | 1,478,726 | 46,818,296 | 46,585,936 | 20,954,471 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -671,895 | 4,259,083 | 10,406,203 | 9,796,351 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -5,082 | 5,845 | 122,105 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -5,082 | 5,845 | 122,105 | 0 |
P&L
December 2022turnover
174.2m
+6%
operating profit
-681.3k
0%
gross margin
21%
+4.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.8m
+0.32%
total assets
45.5m
+0.02%
cash
763
-0.87%
net assets
Total assets minus all liabilities
Similar Companies
residential land 2 limited company details
company number
10675493
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
March 2017
age
7
accounts
Audited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
last accounts submitted
December 2022
residential land 2 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 residential land 2 limited.
residential land 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
