heatherleigh developments limited
heatherleigh developments limited Company Information
Company Number
11226733
Website
-Registered Address
fordlands crowhurst road, catsfield, east sussex, TN33 9BT
Industry
Development of building projects
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
michael john lear 90%
carole marie lear 10%
heatherleigh developments limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHERLEIGH DEVELOPMENTS LIMITED at £1m based on a Turnover of £1.9m and 0.54x industry multiple (adjusted for size and gross margin).
heatherleigh developments limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHERLEIGH DEVELOPMENTS LIMITED at £561.2k based on an EBITDA of £136.5k and a 4.11x industry multiple (adjusted for size and gross margin).
heatherleigh developments limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHERLEIGH DEVELOPMENTS LIMITED at £0 based on Net Assets of £-64.6k and 1.55x industry multiple (adjusted for liquidity).
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Heatherleigh Developments Limited Overview
Heatherleigh Developments Limited is a live company located in east sussex, TN33 9BT with a Companies House number of 11226733. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2018, it's largest shareholder is michael john lear with a 90% stake. Heatherleigh Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.
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Heatherleigh Developments Limited Health Check
Pomanda's financial health check has awarded Heatherleigh Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £1.9m, make it in line with the average company (£1.9m)
- Heatherleigh Developments Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (1.9%)
- Heatherleigh Developments Limited
1.9% - Industry AVG
Production
with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)
- Heatherleigh Developments Limited
25.4% - Industry AVG
Profitability
an operating margin of 7.4% make it as profitable than the average company (8.6%)
- Heatherleigh Developments Limited
8.6% - Industry AVG
Employees
with 8 employees, this is above the industry average (6)
- Heatherleigh Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Heatherleigh Developments Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £231.3k, this is equally as efficient (£262.9k)
- Heatherleigh Developments Limited
£262.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Heatherleigh Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (32 days)
- Heatherleigh Developments Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 272 days, this is more than average (164 days)
- Heatherleigh Developments Limited
164 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)
5 weeks - Heatherleigh Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.1%, this is a higher level of debt than the average (74.4%)
106.1% - Heatherleigh Developments Limited
74.4% - Industry AVG
HEATHERLEIGH DEVELOPMENTS LIMITED financials
Heatherleigh Developments Limited's latest turnover from February 2023 is estimated at £1.9 million and the company has net assets of -£64.6 thousand. According to their latest financial statements, we estimate that Heatherleigh Developments Limited has 8 employees and maintains cash reserves of £23.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 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 | 1 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| 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 | 1,030,614 | 2,199,359 | 4,943,009 | 3,541,394 | 2,099,607 |
| Trade Debtors | 0 | 0 | 0 | 0 | 6,245 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,561 | 3,900 | 3,560 | 4,707 | 8,709 |
| Cash | 23,413 | 80,470 | 10,886 | 26,840 | 23,930 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,058,588 | 2,283,729 | 4,957,455 | 3,572,941 | 2,138,491 |
| total assets | 1,058,588 | 2,283,729 | 4,957,455 | 3,572,941 | 2,138,491 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 225,000 | 48,274 | 102,774 | 153,472 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 403,675 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,901 | 665,768 | 384,375 | 404,375 | 700 |
| total current liabilities | 232,901 | 714,042 | 487,149 | 557,847 | 404,375 |
| loans | 890,240 | 1,643,824 | 4,470,106 | 3,014,894 | 1,733,916 |
| 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 | 890,240 | 1,643,824 | 4,470,106 | 3,014,894 | 1,733,916 |
| total liabilities | 1,123,141 | 2,357,866 | 4,957,255 | 3,572,741 | 2,138,291 |
| net assets | -64,553 | -74,137 | 200 | 200 | 200 |
| total shareholders funds | -64,553 | -74,137 | 200 | 200 | 200 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | -1,168,745 | -2,743,650 | 1,401,615 | 1,441,787 | 2,099,607 |
| Debtors | 661 | 340 | -1,147 | -10,247 | 14,954 |
| Creditors | 176,726 | -54,500 | -50,698 | 153,472 | 0 |
| Accruals and Deferred Income | -657,867 | 281,393 | -20,000 | 403,675 | 700 |
| 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 | -403,675 | 403,675 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -753,584 | -2,826,282 | 1,455,212 | 1,280,978 | 1,733,916 |
| 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 | -57,057 | 69,584 | -15,954 | 2,910 | 23,930 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -57,057 | 69,584 | -15,954 | 2,910 | 23,930 |
heatherleigh developments limited Credit Report and Business Information
Heatherleigh Developments Limited Competitor Analysis
Perform a competitor analysis for heatherleigh developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TN33 area or any other competitors across 12 key performance metrics.
heatherleigh developments limited Ownership
HEATHERLEIGH DEVELOPMENTS LIMITED group structure
Heatherleigh Developments Limited has no subsidiary companies.
Ultimate parent company
HEATHERLEIGH DEVELOPMENTS LIMITED
11226733
heatherleigh developments limited directors
Heatherleigh Developments Limited currently has 3 directors. The longest serving directors include Mr Michael Lear (Feb 2018) and Mrs Carole Lear (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Lear | England | 58 years | Feb 2018 | - | Director |
| Mrs Carole Lear | England | 52 years | Sep 2021 | - | Director |
| Mrs Carole Lear | England | 52 years | Sep 2021 | - | Director |
P&L
February 2023turnover
1.9m
+51%
operating profit
136.5k
0%
gross margin
25.5%
+10.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-64.6k
-0.13%
total assets
1.1m
-0.54%
cash
23.4k
-0.71%
net assets
Total assets minus all liabilities
heatherleigh developments limited company details
company number
11226733
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
N/A
accountant
ACUITY PROFESSIONAL PARTNERSHIP LLP
auditor
-
address
fordlands crowhurst road, catsfield, east sussex, TN33 9BT
Bank
-
Legal Advisor
-
heatherleigh developments 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 7 charges/mortgages relating to heatherleigh developments limited. Currently there are 5 open charges and 2 have been satisfied in the past.
heatherleigh developments limited Companies House Filings - See Documents
| date | description | view/download |
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