castle north east ltd
castle north east ltd Company Information
Company Number
11242876
Website
www.castlene.co.ukRegistered Address
suite 2.05 swans centre for inno, station road, wallsend, NE28 6EQ
Industry
Development of building projects
Telephone
441642824114
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
anju khanna 37.5%
sunil khanna 37.5%
View Allcastle north east ltd Estimated Valuation
Pomanda estimates the enterprise value of CASTLE NORTH EAST LTD at £1.9m based on a Turnover of £3.6m and 0.53x industry multiple (adjusted for size and gross margin).
castle north east ltd Estimated Valuation
Pomanda estimates the enterprise value of CASTLE NORTH EAST LTD at £3m based on an EBITDA of £735.8k and a 4.02x industry multiple (adjusted for size and gross margin).
castle north east ltd Estimated Valuation
Pomanda estimates the enterprise value of CASTLE NORTH EAST LTD at £8.4m based on Net Assets of £5.7m and 1.49x industry multiple (adjusted for liquidity).
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Castle North East Ltd Overview
Castle North East Ltd is a live company located in wallsend, NE28 6EQ with a Companies House number of 11242876. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2018, it's largest shareholder is anju khanna with a 37.5% stake. Castle North East Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.6m with rapid growth in recent years.
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Castle North East Ltd Health Check
Pomanda's financial health check has awarded Castle North East Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
2 Weak
Size
annual sales of £3.6m, make it larger than the average company (£2.4m)
- Castle North East Ltd
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 154%, show it is growing at a faster rate (5.5%)
- Castle North East Ltd
5.5% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Castle North East Ltd
26.2% - Industry AVG
Profitability
an operating margin of 19.4% make it more profitable than the average company (8%)
- Castle North East Ltd
8% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Castle North East Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Castle North East Ltd
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£294.7k)
- Castle North East Ltd
£294.7k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (25 days)
- Castle North East Ltd
25 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Castle North East Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Castle North East Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 181 weeks, this is more cash available to meet short term requirements (11 weeks)
181 weeks - Castle North East Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.3%, this is a lower level of debt than the average (74.5%)
50.3% - Castle North East Ltd
74.5% - Industry AVG
CASTLE NORTH EAST LTD financials
Castle North East Ltd's latest turnover from March 2024 is estimated at £3.6 million and the company has net assets of £5.7 million. According to their latest financial statements, Castle North East Ltd has 2 employees and maintains cash reserves of £136.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 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 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 107,935 | 134,919 | 23,357 | 0 | 0 | 5,328,121 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 10,769,000 | 10,469,000 | 8,890,000 | 5,854,121 | 5,854,121 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,876,935 | 10,603,919 | 8,913,357 | 5,854,121 | 5,854,121 | 5,328,121 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 405,000 | 492,462 | 0 | 19,574 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 19,574 | 19,574 |
| Cash | 136,842 | 165,690 | 250,465 | 170,589 | 5,705 | 124,605 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 541,842 | 658,152 | 250,465 | 190,163 | 25,279 | 144,179 |
| total assets | 11,418,777 | 11,262,071 | 9,163,822 | 6,044,284 | 5,879,400 | 5,472,300 |
| Bank overdraft | 0 | 0 | 0 | 88,091 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 1 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 7,553 | 83,407 | 64,503 |
| other short term finances | 9,954 | 92 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 29,147 | 1,159 | 57,863 | 45,988 | 23,821 | 3,968 |
| total current liabilities | 39,101 | 1,251 | 57,864 | 141,632 | 107,228 | 68,471 |
| loans | 5,710,480 | 5,659,480 | 3,572,523 | 3,249,455 | 3,315,023 | 3,052,929 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,710,480 | 5,659,480 | 3,572,523 | 3,249,455 | 3,315,023 | 3,052,929 |
| total liabilities | 5,749,581 | 5,660,731 | 3,630,387 | 3,391,087 | 3,422,251 | 3,121,400 |
| net assets | 5,669,196 | 5,601,340 | 5,533,435 | 2,653,197 | 2,457,149 | 2,350,900 |
| total shareholders funds | 5,669,196 | 5,601,340 | 5,533,435 | 2,653,197 | 2,457,149 | 2,350,900 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 26,984 | 23,438 | 805 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -87,462 | 492,462 | -19,574 | 0 | 0 | 19,574 |
| Creditors | 0 | -1 | 1 | 0 | 0 | 0 |
| Accruals and Deferred Income | 27,988 | -56,704 | 11,875 | 22,167 | 19,853 | 3,968 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 300,000 | 1,579,000 | 3,035,879 | 0 | 5,854,121 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -7,553 | -75,854 | 18,904 | 64,503 |
| Other Short Term Loans | 9,862 | 92 | 0 | 0 | 0 | 0 |
| Long term loans | 51,000 | 2,086,957 | 323,068 | -65,568 | 262,094 | 3,052,929 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -28,848 | -84,775 | 79,876 | 164,884 | -118,900 | 124,605 |
| overdraft | 0 | 0 | -88,091 | 88,091 | 0 | 0 |
| change in cash | -28,848 | -84,775 | 167,967 | 76,793 | -118,900 | 124,605 |
castle north east ltd Credit Report and Business Information
Castle North East Ltd Competitor Analysis
Perform a competitor analysis for castle north east ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NE28 area or any other competitors across 12 key performance metrics.
castle north east ltd Ownership
CASTLE NORTH EAST LTD group structure
Castle North East Ltd has no subsidiary companies.
Ultimate parent company
CASTLE NORTH EAST LTD
11242876
castle north east ltd directors
Castle North East Ltd currently has 2 directors. The longest serving directors include Mrs Anju Khanna (Mar 2018) and Mr Sunil Khanna (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anju Khanna | England | 55 years | Mar 2018 | - | Director |
| Mr Sunil Khanna | England | 65 years | Mar 2018 | - | Director |
P&L
March 2024turnover
3.6m
-5%
operating profit
708.8k
0%
gross margin
26.2%
+1.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.7m
+0.01%
total assets
11.4m
+0.01%
cash
136.8k
-0.17%
net assets
Total assets minus all liabilities
castle north east ltd company details
company number
11242876
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
suite 2.05 swans centre for inno, station road, wallsend, NE28 6EQ
Bank
-
Legal Advisor
-
castle north east 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 7 charges/mortgages relating to castle north east ltd. Currently there are 7 open charges and 0 have been satisfied in the past.
castle north east ltd Companies House Filings - See Documents
| date | description | view/download |
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