worthing investments ltd
worthing investments ltd Company Information
Company Number
11371644
Next Accounts
3 days late
Shareholders
glenpath ltd
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
lower ground 216 lordship road, london, N16 5HQ
Website
-worthing investments ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHING INVESTMENTS LTD at £4.5m based on a Turnover of £2.1m and 2.14x industry multiple (adjusted for size and gross margin).
worthing investments ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHING INVESTMENTS LTD at £178.8k based on an EBITDA of £39.6k and a 4.52x industry multiple (adjusted for size and gross margin).
worthing investments ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHING INVESTMENTS LTD at £0 based on Net Assets of £-83.7k and 1.6x industry multiple (adjusted for liquidity).
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Worthing Investments Ltd Overview
Worthing Investments Ltd is a live company located in london, N16 5HQ with a Companies House number of 11371644. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2018, it's largest shareholder is glenpath ltd with a 100% stake. Worthing Investments Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.
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Worthing Investments Ltd Health Check
Pomanda's financial health check has awarded Worthing Investments Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £2.1m, make it larger than the average company (£842.8k)
- Worthing Investments Ltd
£842.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (2.2%)
- Worthing Investments Ltd
2.2% - Industry AVG
Production
with a gross margin of 26.2%, this company has a higher cost of product (68.9%)
- Worthing Investments Ltd
68.9% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (29.8%)
- Worthing Investments Ltd
29.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Worthing Investments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
- Worthing Investments Ltd
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£188.6k)
- Worthing Investments Ltd
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 118 days, this is later than average (26 days)
- Worthing Investments Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 285 days, this is slower than average (31 days)
- Worthing Investments Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Worthing Investments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Worthing Investments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.6%, this is a higher level of debt than the average (64.6%)
102.6% - Worthing Investments Ltd
64.6% - Industry AVG
WORTHING INVESTMENTS LTD financials
Worthing Investments Ltd's latest turnover from May 2023 is estimated at £2.1 million and the company has net assets of -£83.7 thousand. According to their latest financial statements, Worthing Investments Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,549,883 | 3,306,880 | 3,272,525 | 3,248,259 | 3,214,030 |
| Intangible Assets | |||||
| Investments & Other | 1 | 1 | 1 | ||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 2,549,883 | 3,306,880 | 3,272,526 | 3,248,260 | 3,214,031 |
| Stock & work in progress | |||||
| Trade Debtors | 682,520 | 27,269 | 137,428 | 111,899 | 65,163 |
| Group Debtors | |||||
| Misc Debtors | 2,803 | 2,803 | 2,802 | 2,224 | |
| Cash | |||||
| misc current assets | |||||
| total current assets | 682,520 | 30,072 | 140,231 | 114,701 | 67,387 |
| total assets | 3,232,403 | 3,336,952 | 3,412,757 | 3,362,961 | 3,281,418 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 1,207,344 | 1,643,330 | 1,521,692 | 1,453,753 | 1,445,188 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 1,207,344 | 1,643,330 | 1,521,692 | 1,453,753 | 1,445,188 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 2,400 | 1,350 | 1,000 | 700 | 850 |
| other liabilities | 2,106,322 | 1,805,605 | 1,877,000 | 1,877,000 | 1,827,000 |
| provisions | |||||
| total long term liabilities | 2,108,722 | 1,806,955 | 1,878,000 | 1,877,700 | 1,827,850 |
| total liabilities | 3,316,066 | 3,450,285 | 3,399,692 | 3,331,453 | 3,273,038 |
| net assets | -83,663 | -113,333 | 13,065 | 31,508 | 8,380 |
| total shareholders funds | -83,663 | -113,333 | 13,065 | 31,508 | 8,380 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 652,448 | -110,159 | 25,530 | 47,314 | 67,387 |
| Creditors | -435,986 | 121,638 | 67,939 | 8,565 | 1,445,188 |
| Accruals and Deferred Income | 1,050 | 350 | 300 | -150 | 850 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -1 | 1 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | 300,717 | -71,395 | 50,000 | 1,827,000 | |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
worthing investments ltd Credit Report and Business Information
Worthing Investments Ltd Competitor Analysis
Perform a competitor analysis for worthing investments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N16 area or any other competitors across 12 key performance metrics.
worthing investments ltd Ownership
WORTHING INVESTMENTS LTD group structure
Worthing Investments Ltd has no subsidiary companies.
worthing investments ltd directors
Worthing Investments Ltd currently has 2 directors. The longest serving directors include Mrs Judith Feldman (May 2018) and Mr Shmuel Feldman (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Judith Feldman | United Kingdom | 73 years | May 2018 | - | Director |
| Mr Shmuel Feldman | England | 38 years | Aug 2018 | - | Director |
P&L
May 2023turnover
2.1m
+270%
operating profit
39.6k
0%
gross margin
26.3%
-3.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-83.7k
-0.26%
total assets
3.2m
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
worthing investments ltd company details
company number
11371644
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
lower ground 216 lordship road, london, N16 5HQ
Bank
-
Legal Advisor
-
worthing investments 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 4 charges/mortgages relating to worthing investments ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
worthing investments ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WORTHING INVESTMENTS LTD. This can take several minutes, an email will notify you when this has completed.
worthing investments ltd Companies House Filings - See Documents
| date | description | view/download |
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