mb15 properties ltd
mb15 properties ltd Company Information
Company Number
10683001
Website
-Registered Address
foresters hall, 25-27 westow street, london, SE19 3RY
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Michael Brown7 Years
Shareholders
michael brown 100%
mb15 properties ltd Estimated Valuation
Pomanda estimates the enterprise value of MB15 PROPERTIES LTD at £241.9k based on a Turnover of £103.7k and 2.33x industry multiple (adjusted for size and gross margin).
mb15 properties ltd Estimated Valuation
Pomanda estimates the enterprise value of MB15 PROPERTIES LTD at £379.3k based on an EBITDA of £74.2k and a 5.11x industry multiple (adjusted for size and gross margin).
mb15 properties ltd Estimated Valuation
Pomanda estimates the enterprise value of MB15 PROPERTIES LTD at £18.3k based on Net Assets of £11.4k and 1.6x industry multiple (adjusted for liquidity).
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Mb15 Properties Ltd Overview
Mb15 Properties Ltd is a live company located in london, SE19 3RY with a Companies House number of 10683001. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2017, it's largest shareholder is michael brown with a 100% stake. Mb15 Properties Ltd is a young, micro sized company, Pomanda has estimated its turnover at £103.7k with declining growth in recent years.
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Mb15 Properties Ltd Health Check
Pomanda's financial health check has awarded Mb15 Properties Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £103.7k, make it smaller than the average company (£801.4k)
- Mb15 Properties Ltd
£801.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (1.9%)
- Mb15 Properties Ltd
1.9% - Industry AVG
Production
with a gross margin of 32.9%, this company has a higher cost of product (74.2%)
- Mb15 Properties Ltd
74.2% - Industry AVG
Profitability
an operating margin of 71.6% make it more profitable than the average company (36.8%)
- Mb15 Properties Ltd
36.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Mb15 Properties Ltd
4 - Industry AVG
Pay Structure
on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)
- Mb15 Properties Ltd
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £103.7k, this is less efficient (£172.3k)
- Mb15 Properties Ltd
£172.3k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (30 days)
- Mb15 Properties Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 2107 days, this is slower than average (37 days)
- Mb15 Properties Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mb15 Properties Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Mb15 Properties Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (62.7%)
99% - Mb15 Properties Ltd
62.7% - Industry AVG
mb15 properties ltd Credit Report and Business Information
Mb15 Properties Ltd Competitor Analysis
Perform a competitor analysis for mb15 properties ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mb15 properties ltd Ownership
MB15 PROPERTIES LTD group structure
Mb15 Properties Ltd has no subsidiary companies.
Ultimate parent company
MB15 PROPERTIES LTD
10683001
mb15 properties ltd directors
Mb15 Properties Ltd currently has 1 director, Mr Michael Brown serving since Mar 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Brown | Uk | 38 years | Mar 2017 | - | Director |
MB15 PROPERTIES LTD financials
Mb15 Properties Ltd's latest turnover from March 2023 is estimated at £103.7 thousand and the company has net assets of £11.4 thousand. According to their latest financial statements, Mb15 Properties Ltd has 1 employee and maintains cash reserves of £16.6 thousand 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 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,098,001 | 1,098,001 | 1,098,001 | 1,052,989 | 737,164 | 733,204 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,098,001 | 1,098,001 | 1,098,001 | 1,052,989 | 737,164 | 733,204 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,751 | 3,402 | 2,328 | 6,806 | 496 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 16,601 | 13,307 | 11,440 | 10,349 | 11,213 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,352 | 16,709 | 13,768 | 17,155 | 11,709 | 1 |
| total assets | 1,117,353 | 1,114,710 | 1,111,769 | 1,070,144 | 748,873 | 733,205 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 402,003 | 386,351 | 386,086 | 374,756 | 278,941 | 262,676 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 402,003 | 386,351 | 386,086 | 374,756 | 278,941 | 262,676 |
| loans | 695,364 | 710,619 | 710,619 | 710,619 | 482,599 | 482,599 |
| 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 | 8,552 | 8,552 | 8,552 | 0 | 0 | 0 |
| total long term liabilities | 703,916 | 719,171 | 719,171 | 710,619 | 482,599 | 482,599 |
| total liabilities | 1,105,919 | 1,105,522 | 1,105,257 | 1,085,375 | 761,540 | 745,275 |
| net assets | 11,434 | 9,188 | 6,512 | -15,231 | -12,667 | -12,070 |
| total shareholders funds | 11,434 | 9,188 | 6,512 | -15,231 | -12,667 | -12,070 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -651 | 1,074 | -4,478 | 6,310 | 496 | 0 |
| Creditors | 15,652 | 265 | 11,330 | 95,815 | 16,265 | 262,676 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 8,552 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 45,012 | 315,825 | 3,960 | 733,204 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -15,255 | 0 | 0 | 228,020 | 0 | 482,599 |
| 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 | 3,294 | 1,867 | 1,091 | -864 | 11,212 | 1 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,294 | 1,867 | 1,091 | -864 | 11,212 | 1 |
P&L
March 2023turnover
103.7k
+4%
operating profit
74.2k
0%
gross margin
32.9%
+1.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
11.4k
+0.24%
total assets
1.1m
0%
cash
16.6k
+0.25%
net assets
Total assets minus all liabilities
Similar Companies
mb15 properties ltd company details
company number
10683001
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
March 2017
age
7
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
foresters hall, 25-27 westow street, london, SE19 3RY
last accounts submitted
March 2023
mb15 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 5 charges/mortgages relating to mb15 properties ltd. Currently there are 5 open charges and 0 have been satisfied in the past.
mb15 properties ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
