simrit development ltd

2.5

simrit development ltd Company Information

Share SIMRIT DEVELOPMENT LTD
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Company Number

11189929

Website

-

Registered Address

unit 9 hounslow business park, alice way, hounslow, TW3 3UD

Industry

Development of building projects

 

Telephone

-

Next Accounts Due

59 days late

Group Structure

View All

Directors

Harpreet Kaur6 Years

Shareholders

pharmadent holdings limited 50%

bcl group limited 50%

simrit development ltd Estimated Valuation

£5m

Pomanda estimates the enterprise value of SIMRIT DEVELOPMENT LTD at £5m based on a Turnover of £10.9m and 0.46x industry multiple (adjusted for size and gross margin).

simrit development ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SIMRIT DEVELOPMENT LTD at £0 based on an EBITDA of £-921 and a 3.95x industry multiple (adjusted for size and gross margin).

simrit development ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SIMRIT DEVELOPMENT LTD at £0 based on Net Assets of £-4k and 1.26x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from April 2022 

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Simrit Development Ltd Overview

Simrit Development Ltd is a live company located in hounslow, TW3 3UD with a Companies House number of 11189929. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2018, it's largest shareholder is pharmadent holdings limited with a 50% stake. Simrit Development Ltd is a young, mid sized company, Pomanda has estimated its turnover at £10.9m with rapid growth in recent years.

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Simrit Development Ltd Health Check

Pomanda's financial health check has awarded Simrit Development Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £10.9m, make it larger than the average company (£2m)

£10.9m - Simrit Development Ltd

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (1.2%)

81% - Simrit Development Ltd

1.2% - Industry AVG

production

Production

with a gross margin of 24.4%, this company has a comparable cost of product (24.4%)

24.4% - Simrit Development Ltd

24.4% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (11.5%)

0% - Simrit Development Ltd

11.5% - Industry AVG

employees

Employees

with 40 employees, this is above the industry average (6)

40 - Simrit Development Ltd

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)

£45.1k - Simrit Development Ltd

£45.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £273.6k, this is equally as efficient (£278k)

£273.6k - Simrit Development Ltd

£278k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Simrit Development Ltd

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Simrit Development Ltd

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 322 days, this is more than average (184 days)

322 days - Simrit Development Ltd

184 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Simrit Development Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (74.6%)

100.1% - Simrit Development Ltd

74.6% - Industry AVG

simrit development ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Simrit Development Ltd Competitor Analysis

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Perform a competitor analysis for simrit development ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

simrit development ltd Ownership

SIMRIT DEVELOPMENT LTD group structure

Simrit Development Ltd has no subsidiary companies.

Ultimate parent company

SIMRIT DEVELOPMENT LTD

11189929

SIMRIT DEVELOPMENT LTD Shareholders

pharmadent holdings limited 50%
bcl group limited 50%

simrit development ltd directors

Simrit Development Ltd currently has 1 director, Ms Harpreet Kaur serving since Feb 2018.

officercountryagestartendrole
Ms Harpreet KaurEngland42 years Feb 2018- Director

SIMRIT DEVELOPMENT LTD financials

EXPORTms excel logo

Simrit Development Ltd's latest turnover from April 2022 is estimated at £10.9 million and the company has net assets of -£4 thousand. According to their latest financial statements, we estimate that Simrit Development Ltd has 40 employees and maintains cash reserves of £1.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018
Turnover10,945,7139,638,5342,126,6961,848,97978,123
Other Income Or Grants00000
Cost Of Sales8,279,8377,459,9641,603,2051,340,83455,501
Gross Profit2,665,8772,178,570523,491508,14522,622
Admin Expenses2,666,7992,179,391524,210509,11523,513
Operating Profit-922-821-719-970-891
Interest Payable00000
Interest Receivable135182155
Pre-Tax Profit-787-803-717-955-886
Tax00000
Profit After Tax-787-803-717-955-886
Dividends Paid00000
Retained Profit-787-803-717-955-886
Employee Costs1,804,3211,660,397347,823304,20342,312
Number Of Employees4038871
EBITDA*-922-821-719-970-891

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018
Tangible Assets00000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets00000
Stock & work in progress7,323,0927,247,1896,440,8135,650,78551,890
Trade Debtors00000
Group Debtors00000
Misc Debtors45,37145,94196,74157,081513,035
Cash1,67934,3002,4292,0331,929
misc current assets00000
total current assets7,370,1427,327,4306,539,9835,709,899566,854
total assets7,370,1427,327,4306,539,9835,709,899566,854
Bank overdraft00000
Bank loan00000
Trade Creditors 0072011,3400
Group/Directors Accounts5,022,7504,529,2504,019,0003,177,500567,000
other short term finances00000
hp & lease commitments00000
other current liabilities2,351,4402,801,4412,522,7212,522,800640
total current liabilities7,374,1907,330,6916,542,4415,711,640567,640
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities7,374,1907,330,6916,542,4415,711,640567,640
net assets-4,048-3,261-2,458-1,741-786
total shareholders funds-4,048-3,261-2,458-1,741-786
Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018
Operating Activities
Operating Profit-922-821-719-970-891
Depreciation00000
Amortisation00000
Tax00000
Stock75,903806,376790,0285,598,89551,890
Debtors-570-50,80039,660-455,954513,035
Creditors0-720-10,62011,3400
Accruals and Deferred Income-450,001278,720-792,522,160640
Deferred Taxes & Provisions00000
Cash flow from operations-526,256-478,397-841,106-2,610,411-565,176
Investing Activities
capital expenditure00000
Change in Investments00000
cash flow from investments00000
Financing Activities
Bank loans00000
Group/Directors Accounts493,500510,250841,5002,610,500567,000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue0000100
interest135182155
cash flow from financing493,635510,268841,5022,610,515567,105
cash and cash equivalents
cash-32,62131,8713961041,929
overdraft00000
change in cash-32,62131,8713961041,929

P&L

April 2022

turnover

10.9m

+14%

operating profit

-921.9

0%

gross margin

24.4%

+7.75%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2022

net assets

-4k

+0.24%

total assets

7.4m

+0.01%

cash

1.7k

-0.95%

net assets

Total assets minus all liabilities

simrit development ltd company details

company number

11189929

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

February 2018

age

6

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit 9 hounslow business park, alice way, hounslow, TW3 3UD

last accounts submitted

April 2022

simrit development 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 2 charges/mortgages relating to simrit development ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

simrit development ltd Companies House Filings - See Documents

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