new life home developments limited

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new life home developments limited Company Information

Share NEW LIFE HOME DEVELOPMENTS LIMITED
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Company Number

11227387

Registered 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

£90.9k

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

£0

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

£0

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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £174.8k, make it smaller than the average company (£1.9m)

£174.8k - New Life Home Developments Limited

£1.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (1.9%)

-47% - New Life Home Developments Limited

1.9% - Industry AVG

production

Production

with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)

25.4% - New Life Home Developments Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of -44.2% make it less profitable than the average company (8.6%)

-44.2% - New Life Home Developments Limited

8.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - New Life Home Developments Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)

£45.7k - New Life Home Developments Limited

£45.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.8k, this is less efficient (£262.9k)

£174.8k - New Life Home Developments Limited

£262.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - New Life Home Developments Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - New Life Home Developments Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 14 days, this is less than average (164 days)

14 days - New Life Home Developments Limited

164 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Turnover174,7691,094,8183,211,9301,181,268663,800
Other Income Or Grants00000
Cost Of Sales130,328842,1802,443,090879,306482,260
Gross Profit44,441252,638768,840301,962181,539
Admin Expenses121,659258,040774,349358,598115,435
Operating Profit-77,218-5,402-5,509-56,63666,104
Interest Payable75,01443,650000
Interest Receivable4,84710000
Pre-Tax Profit-147,385-49,041-5,509-56,63666,104
Tax0000-12,560
Profit After Tax-147,385-49,041-5,509-56,63653,544
Dividends Paid00000
Retained Profit-147,385-49,041-5,509-56,63653,544
Employee Costs45,66544,50343,83843,547129,548
Number Of Employees11113
EBITDA*-77,218-5,402-5,509-56,63666,104

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Tangible Assets00000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets00000
Stock & work in progress5,0001,722,234000
Trade Debtors00580,807137,40853,544
Group Debtors00000
Misc Debtors1,3130000
Cash238,2094,128000
misc current assets00000
total current assets244,5221,726,362580,807137,40853,544
total assets244,5221,726,362580,807137,40853,544
Bank overdraft06,480000
Bank loan00000
Trade Creditors 00192,38500
Group/Directors Accounts91,336202,585000
other short term finances00000
hp & lease commitments00000
other current liabilities9003,257000
total current liabilities92,236212,322192,38500
loans157,2131,336,582000
hp & lease commitments00000
Accruals and Deferred Income006505000
other liabilities200,000235,000396,373140,0000
provisions00000
total long term liabilities357,2131,571,582397,023140,5000
total liabilities449,4491,783,904589,408140,5000
net assets-204,927-57,542-8,601-3,09253,544
total shareholders funds-204,927-57,542-8,601-3,09253,544
Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Operating Activities
Operating Profit-77,218-5,402-5,509-56,63666,104
Depreciation00000
Amortisation00000
Tax0000-12,560
Stock-1,717,2341,722,234000
Debtors1,313-580,807443,39983,86453,544
Creditors0-192,385192,38500
Accruals and Deferred Income-2,3572,6071505000
Deferred Taxes & Provisions00000
Cash flow from operations1,636,346-1,336,607-256,373-140,0000
Investing Activities
capital expenditure00000
Change in Investments00000
cash flow from investments00000
Financing Activities
Bank loans00000
Group/Directors Accounts-111,249202,585000
Other Short Term Loans 00000
Long term loans-1,179,3691,336,582000
Hire Purchase and Lease Commitments00000
other long term liabilities-35,000-161,373256,373140,0000
share issue0100000
interest-70,167-43,640000
cash flow from financing-1,395,7851,334,254256,373140,0000
cash and cash equivalents
cash234,0814,128000
overdraft-6,4806,480000
change in cash240,561-2,352000

new life home developments limited 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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New Life Home Developments Limited Competitor Analysis

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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 Shareholders

proventure property limited 50%
c & t hoyle holdings limited 50%

new life home developments limited directors

New Life Home Developments Limited currently has 1 director, Mr James Kirkman serving since Feb 2018.

officercountryagestartendrole
Mr James KirkmanUnited Kingdom45 years Feb 2018- Director

P&L

February 2023

turnover

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 2023

net 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

None

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.

charges

new life home developments limited Companies House Filings - See Documents

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