ace properties (london) ltd
ace properties (london) ltd Company Information
Company Number
10919026
Registered Address
85 london road enfield, middlesex, EN2 6ES
Industry
Buying and selling of own real estate
Management of real estate on a fee or contract basis
Telephone
442031304087
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
melbourne humes 50%
coral humes 50%
ace properties (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of ACE PROPERTIES (LONDON) LTD at £2.1m based on a Turnover of £1.2m and 1.78x industry multiple (adjusted for size and gross margin).
ace properties (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of ACE PROPERTIES (LONDON) LTD at £482.5k based on an EBITDA of £107k and a 4.51x industry multiple (adjusted for size and gross margin).
ace properties (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of ACE PROPERTIES (LONDON) LTD at £6.4m based on Net Assets of £6.3m and 1.01x industry multiple (adjusted for liquidity).
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Ace Properties (london) Ltd Overview
Ace Properties (london) Ltd is a live company located in middlesex, EN2 6ES with a Companies House number of 10919026. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in August 2017, it's largest shareholder is melbourne humes with a 50% stake. Ace Properties (london) Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.
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Ace Properties (london) Ltd Health Check
Pomanda's financial health check has awarded Ace Properties (London) Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £1.2m, make it larger than the average company (£946.3k)
- Ace Properties (london) Ltd
£946.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.3%)
- Ace Properties (london) Ltd
3.3% - Industry AVG
Production
with a gross margin of 23.1%, this company has a higher cost of product (62.4%)
- Ace Properties (london) Ltd
62.4% - Industry AVG
Profitability
an operating margin of 8.9% make it less profitable than the average company (20.3%)
- Ace Properties (london) Ltd
20.3% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
6 - Ace Properties (london) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has an equivalent pay structure (£37.8k)
- Ace Properties (london) Ltd
£37.8k - Industry AVG
Efficiency
resulting in sales per employee of £201.3k, this is more efficient (£162.5k)
- Ace Properties (london) Ltd
£162.5k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (30 days)
- Ace Properties (london) Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (32 days)
- Ace Properties (london) Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ace Properties (london) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ace Properties (london) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.4%, this is a lower level of debt than the average (70.8%)
46.4% - Ace Properties (london) Ltd
70.8% - Industry AVG
ACE PROPERTIES (LONDON) LTD financials
Ace Properties (London) Ltd's latest turnover from November 2023 is estimated at £1.2 million and the company has net assets of £6.3 million. According to their latest financial statements, Ace Properties (London) Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 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 | 6 | 4 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 11,397,092 | 11,397,675 | 11,259,042 | 11,258,985 | 11,259,159 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,397,092 | 11,397,675 | 11,259,042 | 11,258,985 | 11,259,159 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 436,965 | 455,931 | 399,804 | 354,456 | 405,437 | 2,643 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 4,589 | 0 | 6,980 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 436,965 | 455,931 | 404,393 | 354,456 | 412,417 | 2,643 |
| total assets | 11,834,057 | 11,853,606 | 11,663,435 | 11,613,441 | 11,671,576 | 2,643 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 204,847 | 253,594 | 167,222 | 112,180 | 78,901 | 904 |
| 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 | 204,847 | 253,594 | 167,222 | 112,180 | 78,901 | 904 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 500 | 500 | 500 | 0 |
| other liabilities | 5,291,070 | 5,342,098 | 5,319,528 | 5,347,009 | 5,501,454 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,291,070 | 5,342,098 | 5,320,028 | 5,347,509 | 5,501,954 | 0 |
| total liabilities | 5,495,917 | 5,595,692 | 5,487,250 | 5,459,689 | 5,580,855 | 904 |
| net assets | 6,338,140 | 6,257,914 | 6,176,185 | 6,153,752 | 6,090,721 | 1,739 |
| total shareholders funds | 6,338,140 | 6,257,914 | 6,176,185 | 6,153,752 | 6,090,721 | 1,739 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | |||||
| Amortisation | 0 | |||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -18,966 | 51,538 | 49,937 | -57,961 | 409,774 | 2,643 |
| Creditors | -48,747 | 86,372 | 55,042 | 33,279 | 77,997 | 904 |
| Accruals and Deferred Income | 0 | -500 | 0 | 0 | 500 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -51,028 | 22,570 | -27,481 | -154,445 | 5,501,454 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
ace properties (london) ltd Credit Report and Business Information
Ace Properties (london) Ltd Competitor Analysis
Perform a competitor analysis for ace properties (london) ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in EN2 area or any other competitors across 12 key performance metrics.
ace properties (london) ltd Ownership
ACE PROPERTIES (LONDON) LTD group structure
Ace Properties (London) Ltd has no subsidiary companies.
Ultimate parent company
ACE PROPERTIES (LONDON) LTD
10919026
ace properties (london) ltd directors
Ace Properties (London) Ltd currently has 2 directors. The longest serving directors include Mrs Coral Humes (Aug 2017) and Mr Melbourne Humes (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Coral Humes | United Kingdom | 68 years | Aug 2017 | - | Director |
| Mr Melbourne Humes | United Kingdom | 69 years | Aug 2017 | - | Director |
P&L
November 2023turnover
1.2m
+3%
operating profit
107k
0%
gross margin
23.1%
+2.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
6.3m
+0.01%
total assets
11.8m
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ace properties (london) ltd company details
company number
10919026
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.
68100 - Buying and selling of own real estate
68320 - Management of real estate on a fee or contract basis
incorporation date
August 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
November 2023
address
85 london road enfield, middlesex, EN2 6ES
accountant
-
auditor
-
ace properties (london) 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 31 charges/mortgages relating to ace properties (london) ltd. Currently there are 29 open charges and 2 have been satisfied in the past.
ace properties (london) ltd Companies House Filings - See Documents
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