newflex special leases limited
newflex special leases limited Company Information
Company Number
11115516
Website
https://www.newable.co.ukRegistered Address
140 aldersgate street, london, EC1A 4HY
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
Shareholders
newflex holdings limited 100%
newflex special leases limited Estimated Valuation
Pomanda estimates the enterprise value of NEWFLEX SPECIAL LEASES LIMITED at £8.5m based on a Turnover of £3.4m and 2.53x industry multiple (adjusted for size and gross margin).
newflex special leases limited Estimated Valuation
Pomanda estimates the enterprise value of NEWFLEX SPECIAL LEASES LIMITED at £0 based on an EBITDA of £-449.9k and a 5.55x industry multiple (adjusted for size and gross margin).
newflex special leases limited Estimated Valuation
Pomanda estimates the enterprise value of NEWFLEX SPECIAL LEASES LIMITED at £0 based on Net Assets of £-701k and 1.6x industry multiple (adjusted for liquidity).
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Newflex Special Leases Limited Overview
Newflex Special Leases Limited is a live company located in london, EC1A 4HY with a Companies House number of 11115516. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2017, it's largest shareholder is newflex holdings limited with a 100% stake. Newflex Special Leases Limited is a young, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.
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Newflex Special Leases Limited Health Check
Pomanda's financial health check has awarded Newflex Special Leases Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
3 Weak
Size
annual sales of £3.4m, make it larger than the average company (£801.2k)
£3.4m - Newflex Special Leases Limited
£801.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 89%, show it is growing at a faster rate (1.9%)
89% - Newflex Special Leases Limited
1.9% - Industry AVG
Production
with a gross margin of 32.9%, this company has a higher cost of product (74.2%)
32.9% - Newflex Special Leases Limited
74.2% - Industry AVG
Profitability
an operating margin of -17.6% make it less profitable than the average company (36.8%)
-17.6% - Newflex Special Leases Limited
36.8% - Industry AVG
Employees
with 8 employees, this is above the industry average (4)
- Newflex Special Leases Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Newflex Special Leases Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £420.1k, this is more efficient (£173.2k)
- Newflex Special Leases Limited
£173.2k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (30 days)
22 days - Newflex Special Leases Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 177 days, this is slower than average (37 days)
177 days - Newflex Special Leases Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Newflex Special Leases Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (16 weeks)
19 weeks - Newflex Special Leases Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.6%, this is a higher level of debt than the average (62.7%)
124.6% - Newflex Special Leases Limited
62.7% - Industry AVG
newflex special leases limited Credit Report and Business Information
Newflex Special Leases Limited Competitor Analysis
Perform a competitor analysis for newflex special leases limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
newflex special leases limited Ownership
NEWFLEX SPECIAL LEASES LIMITED group structure
Newflex Special Leases Limited has no subsidiary companies.
Ultimate parent company
2 parents
NEWFLEX SPECIAL LEASES LIMITED
11115516
newflex special leases limited directors
Newflex Special Leases Limited currently has 4 directors. The longest serving directors include Mr Steven Jude (Dec 2017) and Mr Christopher Manson (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Jude | United Kingdom | 60 years | Dec 2017 | - | Director |
| Mr Christopher Manson | England | 57 years | Nov 2018 | - | Director |
| Ms Fozia Kanwal | United Kingdom | 36 years | Jun 2021 | - | Director |
| Mr Robert Thompson | England | 51 years | Apr 2022 | - | Director |
NEWFLEX SPECIAL LEASES LIMITED financials
Newflex Special Leases Limited's latest turnover from March 2023 is £3.4 million and the company has net assets of -£701 thousand. According to their latest financial statements, we estimate that Newflex Special Leases Limited has 8 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 3,361,125 | 1,300,245 | 872,969 | 497,157 | 77,298 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -591,393 | -116,207 | 2,490 | 4,379 | 4,198 |
| Interest Payable | 0 | 0 | 2,490 | 4,379 | 4,198 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -591,393 | -116,207 | 0 | 0 | 0 |
| Tax | 8,383 | 3,058 | 0 | -2,601 | -2,250 |
| Profit After Tax | -583,010 | -113,149 | 0 | -2,601 | -2,250 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -583,010 | -113,149 | 0 | -2,601 | -2,250 |
| Employee Costs | 0 | 0 | |||
| Number Of Employees | |||||
| EBITDA* | -449,947 | 11,771 | 45,968 | 33,553 | 22,785 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 613,738 | 403,447 | 143,075 | 182,637 | 103,857 |
| 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 | 613,738 | 403,447 | 143,075 | 182,637 | 103,857 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 208,253 | 53,520 | 135,294 | 13,917 | 60,348 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 722,398 | 640,886 | 122,841 | 124,172 | 50,469 |
| Cash | 1,303,354 | 163,365 | 313,839 | 151,920 | 78,864 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,234,005 | 857,771 | 571,974 | 290,009 | 189,681 |
| total assets | 2,847,743 | 1,261,218 | 715,049 | 472,646 | 293,538 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,093,312 | 94,525 | 28,585 | 50,725 | 27,311 |
| Group/Directors Accounts | 897,393 | 602,897 | 173,072 | 42,089 | 92,176 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,455,770 | 681,016 | 514,405 | 349,358 | 120,173 |
| total current liabilities | 3,446,475 | 1,378,438 | 716,062 | 442,172 | 239,660 |
| loans | 0 | 0 | 0 | 31,487 | 54,891 |
| hp & lease commitments | 102,277 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 779 | 3,837 | 3,837 | 1,236 |
| total long term liabilities | 102,277 | 779 | 3,837 | 35,324 | 56,127 |
| total liabilities | 3,548,752 | 1,379,217 | 719,899 | 477,496 | 295,787 |
| net assets | -701,009 | -117,999 | -4,850 | -4,850 | -2,249 |
| total shareholders funds | -701,009 | -117,999 | -4,850 | -4,850 | -2,249 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -591,393 | -116,207 | 2,490 | 4,379 | 4,198 |
| Depreciation | 141,446 | 127,978 | 43,478 | 29,174 | 18,587 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 8,383 | 3,058 | 0 | -2,601 | -2,250 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 236,245 | 436,271 | 120,046 | 27,272 | 110,817 |
| Creditors | 998,787 | 65,940 | -22,140 | 23,414 | 27,311 |
| Accruals and Deferred Income | 774,754 | 166,611 | 165,047 | 229,185 | 120,173 |
| Deferred Taxes & Provisions | -779 | -3,058 | 0 | 2,601 | 1,236 |
| Cash flow from operations | 1,094,953 | -191,949 | 68,829 | 258,880 | 58,438 |
| 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 | 294,496 | 429,825 | 130,983 | -50,087 | 92,176 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -31,487 | -23,404 | 54,891 |
| Hire Purchase and Lease Commitments | 102,277 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | -2,490 | -4,379 | -4,198 |
| cash flow from financing | 396,773 | 429,825 | 97,006 | -77,870 | 142,870 |
| cash and cash equivalents | |||||
| cash | 1,139,989 | -150,474 | 161,919 | 73,056 | 78,864 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,139,989 | -150,474 | 161,919 | 73,056 | 78,864 |
P&L
March 2023turnover
3.4m
+158%
operating profit
-591.4k
+409%
gross margin
33%
+1.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-701k
+4.94%
total assets
2.8m
+1.26%
cash
1.3m
+6.98%
net assets
Total assets minus all liabilities
newflex special leases limited company details
company number
11115516
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
December 2017
age
7
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
flhsl limited (March 2020)
incorporated
UK
address
140 aldersgate street, london, EC1A 4HY
last accounts submitted
March 2023
newflex special leases 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 newflex special leases limited.
newflex special leases limited Companies House Filings - See Documents
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