flexgate properties limited
flexgate properties limited Company Information
Company Number
11134189
Website
-Registered Address
data house 43-45 stamford hill, london, N16 5SR
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
prime investments (london) ltd 100%
flexgate properties limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXGATE PROPERTIES LIMITED at £763.3k based on a Turnover of £345.3k and 2.21x industry multiple (adjusted for size and gross margin).
flexgate properties limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXGATE PROPERTIES LIMITED at £675.1k based on an EBITDA of £125.4k and a 5.38x industry multiple (adjusted for size and gross margin).
flexgate properties limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXGATE PROPERTIES LIMITED at £1.6m based on Net Assets of £1.2m and 1.4x industry multiple (adjusted for liquidity).
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Flexgate Properties Limited Overview
Flexgate Properties Limited is a live company located in london, N16 5SR with a Companies House number of 11134189. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 2018, it's largest shareholder is prime investments (london) ltd with a 100% stake. Flexgate Properties Limited is a young, micro sized company, Pomanda has estimated its turnover at £345.3k with declining growth in recent years.
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Flexgate Properties Limited Health Check
Pomanda's financial health check has awarded Flexgate Properties Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
5 Regular
5 Weak
Size
annual sales of £345.3k, make it smaller than the average company (£887.3k)
- Flexgate Properties Limited
£887.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.1%)
- Flexgate Properties Limited
2.1% - Industry AVG
Production
with a gross margin of 68.9%, this company has a comparable cost of product (68.9%)
- Flexgate Properties Limited
68.9% - Industry AVG
Profitability
an operating margin of 36.1% make it as profitable than the average company (36.8%)
- Flexgate Properties Limited
36.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
- Flexgate Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Flexgate Properties Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £172.7k, this is equally as efficient (£182.3k)
- Flexgate Properties Limited
£182.3k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is near the average (25 days)
- Flexgate Properties Limited
25 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Flexgate Properties Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Flexgate Properties Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)
2 weeks - Flexgate Properties Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (63.4%)
84% - Flexgate Properties Limited
63.4% - Industry AVG
flexgate properties limited Credit Report and Business Information
Flexgate Properties Limited Competitor Analysis
Perform a competitor analysis for flexgate properties limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
flexgate properties limited Ownership
FLEXGATE PROPERTIES LIMITED group structure
Flexgate Properties Limited has no subsidiary companies.
Ultimate parent company
1 parent
FLEXGATE PROPERTIES LIMITED
11134189
flexgate properties limited directors
Flexgate Properties Limited currently has 2 directors. The longest serving directors include Mr Israel Gluck (Mar 2022) and Mr Israel Gluck (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Israel Gluck | England | 50 years | Mar 2022 | - | Director |
| Mr Israel Gluck | England | 50 years | Mar 2022 | - | Director |
FLEXGATE PROPERTIES LIMITED financials
Flexgate Properties Limited's latest turnover from January 2023 is estimated at £345.3 thousand and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Flexgate Properties Limited has 2 employees and maintains cash reserves of £66.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| 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
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 4,653 | 5,474 | 6,440 | 7,576 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 7,040,000 | 5,047,005 | 6,273,128 | 5,810,538 | 3,286,118 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,044,653 | 5,052,479 | 6,279,568 | 5,818,114 | 3,286,118 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,761 | 0 | 0 | 0 | 5,333 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 85,000 | 38,444 | 200,000 | 0 | 0 |
| Cash | 66,508 | 85,267 | 5,571 | 708 | 3,585 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 175,269 | 123,711 | 205,571 | 708 | 8,918 |
| total assets | 7,219,922 | 5,176,190 | 6,485,139 | 5,818,822 | 3,295,036 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 590,000 | 875,000 | 1,997,397 | 1,264,000 | 0 |
| Trade Creditors | 0 | 0 | 0 | 145,001 | 3,553,644 |
| Group/Directors Accounts | 346,742 | 1,320,342 | 1,955,525 | 1,783,342 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 222,953 | 6,848 | 230,565 | 167,322 | 0 |
| total current liabilities | 1,159,695 | 2,202,190 | 4,183,487 | 3,359,665 | 3,553,644 |
| loans | 0 | 3,176,250 | 3,331,250 | 3,386,250 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 4,406,035 | 43,330 | 0 | 0 | 0 |
| provisions | 498,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,904,035 | 3,219,580 | 3,331,250 | 3,386,250 | 0 |
| total liabilities | 6,063,730 | 5,421,770 | 7,514,737 | 6,745,915 | 3,553,644 |
| net assets | 1,156,192 | -245,580 | -1,029,598 | -927,093 | -258,608 |
| total shareholders funds | 1,156,192 | -245,580 | -1,029,598 | -927,093 | -258,608 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 821 | 966 | 1,136 | 1,336 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 70,317 | -161,556 | 200,000 | -5,333 | 5,333 |
| Creditors | 0 | 0 | -145,001 | -3,408,643 | 3,553,644 |
| Accruals and Deferred Income | 216,105 | -223,717 | 63,243 | 167,322 | 0 |
| Deferred Taxes & Provisions | 498,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 1,992,995 | -1,226,123 | 462,590 | 2,524,420 | 3,286,118 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | -285,000 | -1,122,397 | 733,397 | 1,264,000 | 0 |
| Group/Directors Accounts | -973,600 | -635,183 | 172,183 | 1,783,342 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -3,176,250 | -155,000 | -55,000 | 3,386,250 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 4,362,705 | 43,330 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -18,759 | 79,696 | 4,863 | -2,877 | 3,585 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -18,759 | 79,696 | 4,863 | -2,877 | 3,585 |
P&L
January 2023turnover
345.3k
0%
operating profit
124.6k
0%
gross margin
68.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
1.2m
-5.71%
total assets
7.2m
+0.39%
cash
66.5k
-0.22%
net assets
Total assets minus all liabilities
Similar Companies
flexgate properties limited company details
company number
11134189
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
January 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
data house 43-45 stamford hill, london, N16 5SR
last accounts submitted
January 2023
flexgate properties 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 found 19 charges/mortgages relating to flexgate properties limited. Currently there are 12 open charges and 7 have been satisfied in the past.
flexgate properties limited Companies House Filings - See Documents
| date | description | view/download |
|---|
