south island development limited
south island development limited Company Information
Company Number
11230301
Website
-Registered Address
3 warners mill silks way, braintree, essex, CM7 3GB
Industry
Construction of commercial buildings
Telephone
-
Next Accounts Due
15 days late
Group Structure
View All
Directors
Michael Kirkham6 Years
Shareholders
chelmsford accident repair specialists limited 50%
jordan inc limited 45%
View Allsouth island development limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH ISLAND DEVELOPMENT LIMITED at £42.6k based on a Turnover of £128.3k and 0.33x industry multiple (adjusted for size and gross margin).
south island development limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH ISLAND DEVELOPMENT LIMITED at £1.3m based on an EBITDA of £451.1k and a 2.87x industry multiple (adjusted for size and gross margin).
south island development limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH ISLAND DEVELOPMENT LIMITED at £168.8k based on Net Assets of £134k and 1.26x industry multiple (adjusted for liquidity).
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South Island Development Limited Overview
South Island Development Limited is a live company located in essex, CM7 3GB with a Companies House number of 11230301. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2018, it's largest shareholder is chelmsford accident repair specialists limited with a 50% stake. South Island Development Limited is a young, micro sized company, Pomanda has estimated its turnover at £128.3k with declining growth in recent years.
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South Island Development Limited Health Check
Pomanda's financial health check has awarded South Island Development Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £128.3k, make it smaller than the average company (£10.3m)
- South Island Development Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -79%, show it is growing at a slower rate (3.2%)
- South Island Development Limited
3.2% - Industry AVG
Production
with a gross margin of 14.2%, this company has a comparable cost of product (14.2%)
- South Island Development Limited
14.2% - Industry AVG
Profitability
an operating margin of 351.6% make it more profitable than the average company (3.8%)
- South Island Development Limited
3.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
1 - South Island Development Limited
31 - Industry AVG
Pay Structure
on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)
- South Island Development Limited
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £128.3k, this is less efficient (£333.6k)
- South Island Development Limited
£333.6k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (49 days)
- South Island Development Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (38 days)
- South Island Development Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- South Island Development Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - South Island Development Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.3%, this is a higher level of debt than the average (71.2%)
96.3% - South Island Development Limited
71.2% - Industry AVG
south island development limited Credit Report and Business Information
South Island Development Limited Competitor Analysis
Perform a competitor analysis for south island development limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
south island development limited Ownership
SOUTH ISLAND DEVELOPMENT LIMITED group structure
South Island Development Limited has no subsidiary companies.
Ultimate parent company
SOUTH ISLAND DEVELOPMENT LIMITED
11230301
south island development limited directors
South Island Development Limited currently has 1 director, Mr Michael Kirkham serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Kirkham | 59 years | Feb 2018 | - | Director |
SOUTH ISLAND DEVELOPMENT LIMITED financials
South Island Development Limited's latest turnover from July 2022 is estimated at £128.3 thousand and the company has net assets of £134 thousand. According to their latest financial statements, South Island Development Limited has 1 employee and maintains cash reserves of £14 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 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 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 3,327,855 | 3,327,855 | 3,304,622 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,327,855 | 3,327,855 | 3,304,622 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 3,313,457 |
| Trade Debtors | 11,850 | 216 | 0 | 39,210 |
| Group Debtors | 253,952 | 3,205 | 0 | 0 |
| Misc Debtors | 44,021 | 65,929 | 21,919 | 0 |
| Cash | 13,954 | 8,907 | 9,426 | 114 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 323,777 | 78,257 | 31,345 | 3,352,781 |
| total assets | 3,651,632 | 3,406,112 | 3,335,967 | 3,352,781 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 10,917 | 10,000 | 0 | 0 |
| Trade Creditors | 4,086 | 234 | 1,779 | 1,876,078 |
| Group/Directors Accounts | 1,897,624 | 1,881,560 | 865,242 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 76,702 | 116,844 | 1,071,044 | 0 |
| total current liabilities | 1,989,329 | 2,008,638 | 1,938,065 | 1,876,078 |
| loans | 1,528,333 | 1,538,333 | 1,500,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 1,500,000 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,528,333 | 1,538,333 | 1,500,000 | 1,500,000 |
| total liabilities | 3,517,662 | 3,546,971 | 3,438,065 | 3,376,078 |
| net assets | 133,970 | -140,859 | -102,098 | -23,297 |
| total shareholders funds | 133,970 | -140,859 | -102,098 | -23,297 |
| Jul 2022 | Jul 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | -3,313,457 | 3,313,457 |
| Debtors | 240,473 | 47,431 | -17,291 | 39,210 |
| Creditors | 3,852 | -1,545 | -1,874,299 | 1,876,078 |
| Accruals and Deferred Income | -40,142 | -954,200 | 1,071,044 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 23,233 | 3,304,622 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 917 | 10,000 | 0 | 0 |
| Group/Directors Accounts | 16,064 | 1,016,318 | 865,242 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | 38,333 | 1,500,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -1,500,000 | 1,500,000 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 5,047 | -519 | 9,312 | 114 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 5,047 | -519 | 9,312 | 114 |
P&L
July 2022turnover
128.3k
+82%
operating profit
451.1k
0%
gross margin
14.2%
+1.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
134k
-1.95%
total assets
3.7m
+0.07%
cash
14k
+0.57%
net assets
Total assets minus all liabilities
south island development limited company details
company number
11230301
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
February 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
3 warners mill silks way, braintree, essex, CM7 3GB
last accounts submitted
July 2022
south island development 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 6 charges/mortgages relating to south island development limited. Currently there are 4 open charges and 2 have been satisfied in the past.
south island development limited Companies House Filings - See Documents
| date | description | view/download |
|---|
