glovers properties (midlands) ltd
glovers properties (midlands) ltd Company Information
Company Number
11067037
Website
-Registered Address
bonehill house park lane, bonehill, tamworth, B78 3HY
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
August 2024
Group Structure
View All
Shareholders
andrew glover 50%
simon glover 26%
View Allglovers properties (midlands) ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOVERS PROPERTIES (MIDLANDS) LTD at £465.6k based on a Turnover of £297.4k and 1.57x industry multiple (adjusted for size and gross margin).
glovers properties (midlands) ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOVERS PROPERTIES (MIDLANDS) LTD at £0 based on an EBITDA of £0 and a 3.81x industry multiple (adjusted for size and gross margin).
glovers properties (midlands) ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOVERS PROPERTIES (MIDLANDS) LTD at £125.2k based on Net Assets of £89.1k and 1.4x industry multiple (adjusted for liquidity).
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Glovers Properties (midlands) Ltd Overview
Glovers Properties (midlands) Ltd is a live company located in tamworth, B78 3HY with a Companies House number of 11067037. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 2017, it's largest shareholder is andrew glover with a 50% stake. Glovers Properties (midlands) Ltd is a young, micro sized company, Pomanda has estimated its turnover at £297.4k with rapid growth in recent years.
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Glovers Properties (midlands) Ltd Health Check
Pomanda's financial health check has awarded Glovers Properties (Midlands) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £297.4k, make it smaller than the average company (£815.4k)
- Glovers Properties (midlands) Ltd
£815.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (1.5%)
- Glovers Properties (midlands) Ltd
1.5% - Industry AVG
Production
with a gross margin of 27.5%, this company has a higher cost of product (68.4%)
- Glovers Properties (midlands) Ltd
68.4% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Glovers Properties (midlands) Ltd
- - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Glovers Properties (midlands) Ltd
4 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- Glovers Properties (midlands) Ltd
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £297.4k, this is more efficient (£182.2k)
- Glovers Properties (midlands) Ltd
£182.2k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (26 days)
- Glovers Properties (midlands) Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
- Glovers Properties (midlands) Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glovers Properties (midlands) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Glovers Properties (midlands) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (63.2%)
0% - Glovers Properties (midlands) Ltd
63.2% - Industry AVG
GLOVERS PROPERTIES (MIDLANDS) LTD financials
Glovers Properties (Midlands) Ltd's latest turnover from November 2022 is estimated at £297.4 thousand and the company has net assets of £89.1 thousand. According to their latest financial statements, we estimate that Glovers Properties (Midlands) Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 3 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 893,847 |
| Trade Debtors | 89,150 | 89,150 | 89,150 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 634 | 12,887 |
| Cash | 0 | 0 | 0 | 449,644 | 41,807 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 89,150 | 89,150 | 89,150 | 450,278 | 948,541 |
| total assets | 89,150 | 89,150 | 89,150 | 450,278 | 948,541 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3 | 3 | 3 | 20,884 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 340,261 | 381,941 |
| total current liabilities | 3 | 3 | 3 | 361,145 | 381,941 |
| loans | 0 | 0 | 0 | 0 | 580,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 580,000 |
| total liabilities | 3 | 3 | 3 | 361,145 | 961,941 |
| net assets | 89,147 | 89,147 | 89,147 | 89,133 | -13,400 |
| total shareholders funds | 89,147 | 89,147 | 89,147 | 89,133 | -13,400 |
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | -893,847 | 893,847 |
| Debtors | 0 | 0 | 88,516 | -12,253 | 12,887 |
| Creditors | 0 | 0 | -20,881 | 20,884 | 0 |
| Accruals and Deferred Income | 0 | 0 | -340,261 | -41,680 | 381,941 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -580,000 | 580,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | -449,644 | 407,837 | 41,807 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -449,644 | 407,837 | 41,807 |
glovers properties (midlands) ltd Credit Report and Business Information
Glovers Properties (midlands) Ltd Competitor Analysis
Perform a competitor analysis for glovers properties (midlands) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
glovers properties (midlands) ltd Ownership
GLOVERS PROPERTIES (MIDLANDS) LTD group structure
Glovers Properties (Midlands) Ltd has no subsidiary companies.
Ultimate parent company
GLOVERS PROPERTIES (MIDLANDS) LTD
11067037
glovers properties (midlands) ltd directors
Glovers Properties (Midlands) Ltd currently has 3 directors. The longest serving directors include Mr Andrew Glover (Nov 2017) and Mr Simon Glover (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Glover | United Kingdom | 59 years | Nov 2017 | - | Director |
| Mr Simon Glover | United Kingdom | 57 years | Nov 2017 | - | Director |
| Mrs Nicola Glover | United Kingdom | 57 years | Jan 2020 | - | Director |
P&L
November 2022turnover
297.4k
+12%
operating profit
0
0%
gross margin
27.5%
+11.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
89.1k
0%
total assets
89.2k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
glovers properties (midlands) ltd company details
company number
11067037
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
November 2017
age
7
accounts
Dormant
ultimate parent company
previous names
N/A
incorporated
UK
address
bonehill house park lane, bonehill, tamworth, B78 3HY
last accounts submitted
November 2022
glovers properties (midlands) 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 did not find charges/mortgages relating to glovers properties (midlands) ltd.
glovers properties (midlands) ltd Companies House Filings - See Documents
| date | description | view/download |
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