new life home developments limited
new life home developments limited Company Information
Company Number
11227387
Website
proventureproperty.comRegistered Address
1 the pines, boston road, sleaford, NG34 7DN
Industry
Development of building projects
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
James Kirkman6 Years
Shareholders
proventure property limited 50%
c & t hoyle holdings limited 50%
new life home developments limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LIFE HOME DEVELOPMENTS LIMITED at £90.9k based on a Turnover of £174.8k and 0.52x industry multiple (adjusted for size and gross margin).
new life home developments limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LIFE HOME DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-77.2k and a 3.95x industry multiple (adjusted for size and gross margin).
new life home developments limited Estimated Valuation
Pomanda estimates the enterprise value of NEW LIFE HOME DEVELOPMENTS LIMITED at £0 based on Net Assets of £-204.9k and 1.55x industry multiple (adjusted for liquidity).
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New Life Home Developments Limited Overview
New Life Home Developments Limited is a live company located in sleaford, NG34 7DN with a Companies House number of 11227387. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2018, it's largest shareholder is proventure property limited with a 50% stake. New Life Home Developments Limited is a young, micro sized company, Pomanda has estimated its turnover at £174.8k with declining growth in recent years.
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New Life Home Developments Limited Health Check
Pomanda's financial health check has awarded New Life Home Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £174.8k, make it smaller than the average company (£1.9m)
- New Life Home Developments Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (1.9%)
- New Life Home Developments Limited
1.9% - Industry AVG
Production
with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)
- New Life Home Developments Limited
25.4% - Industry AVG
Profitability
an operating margin of -44.2% make it less profitable than the average company (8.6%)
- New Life Home Developments Limited
8.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - New Life Home Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- New Life Home Developments Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £174.8k, this is less efficient (£262.9k)
- New Life Home Developments Limited
£262.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- New Life Home Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- New Life Home Developments Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (164 days)
- New Life Home Developments Limited
164 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 134 weeks, this is more cash available to meet short term requirements (13 weeks)
134 weeks - New Life Home Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 183.8%, this is a higher level of debt than the average (74.4%)
183.8% - New Life Home Developments Limited
74.4% - Industry AVG
NEW LIFE HOME DEVELOPMENTS LIMITED financials
New Life Home Developments Limited's latest turnover from February 2023 is estimated at £174.8 thousand and the company has net assets of -£204.9 thousand. According to their latest financial statements, New Life Home Developments Limited has 1 employee and maintains cash reserves of £238.2 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 | 1 | 1 | 1 | |
| 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 | 5,000 | 1,722,234 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 580,807 | 137,408 | 53,544 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,313 | 0 | 0 | 0 | 0 |
| Cash | 238,209 | 4,128 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 244,522 | 1,726,362 | 580,807 | 137,408 | 53,544 |
| total assets | 244,522 | 1,726,362 | 580,807 | 137,408 | 53,544 |
| Bank overdraft | 0 | 6,480 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 192,385 | 0 | 0 |
| Group/Directors Accounts | 91,336 | 202,585 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 900 | 3,257 | 0 | 0 | 0 |
| total current liabilities | 92,236 | 212,322 | 192,385 | 0 | 0 |
| loans | 157,213 | 1,336,582 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 650 | 500 | 0 |
| other liabilities | 200,000 | 235,000 | 396,373 | 140,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 357,213 | 1,571,582 | 397,023 | 140,500 | 0 |
| total liabilities | 449,449 | 1,783,904 | 589,408 | 140,500 | 0 |
| net assets | -204,927 | -57,542 | -8,601 | -3,092 | 53,544 |
| total shareholders funds | -204,927 | -57,542 | -8,601 | -3,092 | 53,544 |
| 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 | -1,717,234 | 1,722,234 | 0 | 0 | 0 |
| Debtors | 1,313 | -580,807 | 443,399 | 83,864 | 53,544 |
| Creditors | 0 | -192,385 | 192,385 | 0 | 0 |
| Accruals and Deferred Income | -2,357 | 2,607 | 150 | 500 | 0 |
| 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 | -111,249 | 202,585 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,179,369 | 1,336,582 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -35,000 | -161,373 | 256,373 | 140,000 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 234,081 | 4,128 | 0 | 0 | 0 |
| overdraft | -6,480 | 6,480 | 0 | 0 | 0 |
| change in cash | 240,561 | -2,352 | 0 | 0 | 0 |
new life home developments limited Credit Report and Business Information
New Life Home Developments Limited Competitor Analysis
Perform a competitor analysis for new life home developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in NG34 area or any other competitors across 12 key performance metrics.
new life home developments limited Ownership
NEW LIFE HOME DEVELOPMENTS LIMITED group structure
New Life Home Developments Limited has no subsidiary companies.
Ultimate parent company
NEW LIFE HOME DEVELOPMENTS LIMITED
11227387
new life home developments limited directors
New Life Home Developments Limited currently has 1 director, Mr James Kirkman serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Kirkman | United Kingdom | 45 years | Feb 2018 | - | Director |
P&L
February 2023turnover
174.8k
-84%
operating profit
-77.2k
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
-204.9k
+2.56%
total assets
244.5k
-0.86%
cash
238.2k
+56.71%
net assets
Total assets minus all liabilities
new life home developments limited company details
company number
11227387
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
AIR ACCOUNTANCY SERVICES
auditor
-
address
1 the pines, boston road, sleaford, NG34 7DN
Bank
-
Legal Advisor
-
new life home 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 4 charges/mortgages relating to new life home developments limited. Currently there are 4 open charges and 0 have been satisfied in the past.
new life home developments limited Companies House Filings - See Documents
| date | description | view/download |
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