development three ltd
development three ltd Company Information
Company Number
10909801
Next Accounts
282 days late
Directors
Shareholders
david armitage
stephen mason
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
floor 2 10 wellington place, leeds, LS1 4AP
development three ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT THREE LTD at £6.5m based on a Turnover of £4.4m and 1.47x industry multiple (adjusted for size and gross margin).
development three ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT THREE LTD at £7.6m based on an EBITDA of £1.9m and a 4.01x industry multiple (adjusted for size and gross margin).
development three ltd Estimated Valuation
Pomanda estimates the enterprise value of DEVELOPMENT THREE LTD at £3.1m based on Net Assets of £1.9m and 1.63x industry multiple (adjusted for liquidity).
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Development Three Ltd Overview
Development Three Ltd is a live company located in leeds, LS1 4AP with a Companies House number of 10909801. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2017, it's largest shareholder is david armitage with a 50% stake. Development Three Ltd is a young, small sized company, Pomanda has estimated its turnover at £4.4m with rapid growth in recent years.
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Development Three Ltd Health Check
Pomanda's financial health check has awarded Development Three Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
2 Weak
Size
annual sales of £4.4m, make it larger than the average company (£1.3m)
- Development Three Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 619%, show it is growing at a faster rate (1.2%)
- Development Three Ltd
1.2% - Industry AVG
Production
with a gross margin of 19.4%, this company has a higher cost of product (48.8%)
- Development Three Ltd
48.8% - Industry AVG
Profitability
an operating margin of 43% make it more profitable than the average company (28.2%)
- Development Three Ltd
28.2% - Industry AVG
Employees
with 9 employees, this is above the industry average (5)
- Development Three Ltd
5 - Industry AVG
Pay Structure
on an average salary of £37k, the company has an equivalent pay structure (£37k)
- Development Three Ltd
£37k - Industry AVG
Efficiency
resulting in sales per employee of £486.2k, this is more efficient (£209.4k)
- Development Three Ltd
£209.4k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (33 days)
- Development Three Ltd
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Development Three Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Development Three Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Development Three Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Development Three Ltd
- - Industry AVG
DEVELOPMENT THREE LTD financials
Development Three Ltd's latest turnover from August 2022 is estimated at £4.4 million and the company has net assets of £1.9 million. According to their latest financial statements, we estimate that Development Three Ltd has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 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 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 986,475 | 836,455 | 952,500 | 90,000 | 142,500 |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 986,475 | 836,455 | 952,500 | 90,000 | 142,500 |
| Stock & work in progress | |||||
| Trade Debtors | 900,000 | 212 | 4,198 | 1,497 | |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | |||||
| misc current assets | |||||
| total current assets | 900,000 | 212 | 4,198 | 1,497 | |
| total assets | 1,886,475 | 836,667 | 956,698 | 91,497 | 142,500 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 8,304 | ||||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 8,304 | ||||
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 474,566 | 474,000 | 82,107 | 142,496 | |
| provisions | |||||
| total long term liabilities | 474,566 | 474,000 | 82,107 | 142,496 | |
| total liabilities | 474,566 | 474,000 | 90,411 | 142,496 | |
| net assets | 1,886,475 | 362,101 | 482,698 | 1,086 | 4 |
| total shareholders funds | 1,886,475 | 362,101 | 482,698 | 1,086 | 4 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 899,788 | -3,986 | 2,701 | 1,497 | |
| Creditors | -8,304 | 8,304 | |||
| Accruals and Deferred Income | |||||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -474,566 | 566 | 391,893 | -60,389 | 142,496 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
development three ltd Credit Report and Business Information
Development Three Ltd Competitor Analysis
Perform a competitor analysis for development three ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in LS1 area or any other competitors across 12 key performance metrics.
development three ltd Ownership
DEVELOPMENT THREE LTD group structure
Development Three Ltd has no subsidiary companies.
Ultimate parent company
DEVELOPMENT THREE LTD
10909801
development three ltd directors
Development Three Ltd currently has 1 director, Mr David Armitage serving since Sep 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Armitage | United Kingdom | 56 years | Sep 2023 | - | Director |
P&L
August 2022turnover
4.4m
+435180%
operating profit
1.9m
0%
gross margin
19.4%
+7.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
1.9m
+4.21%
total assets
1.9m
+1.25%
cash
0
0%
net assets
Total assets minus all liabilities
development three ltd company details
company number
10909801
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.
41100 - Development of building projects
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2022
previous names
N/A
accountant
-
auditor
-
address
floor 2 10 wellington place, leeds, LS1 4AP
Bank
-
Legal Advisor
-
development three 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 7 charges/mortgages relating to development three ltd. Currently there are 6 open charges and 1 have been satisfied in the past.
development three 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.
Click to start generating capital raising & share issue transactions for DEVELOPMENT THREE LTD. This can take several minutes, an email will notify you when this has completed.
development three ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
