storey offices limited
storey offices limited Company Information
Company Number
11417071
Website
https://www.britishland.comRegistered Address
york house 45 seymour street, london, W1H 7LX
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
bl city offices holding company limited 100%
storey offices limited Estimated Valuation
Pomanda estimates the enterprise value of STOREY OFFICES LIMITED at £6.2m based on a Turnover of £1.9m and 3.27x industry multiple (adjusted for size and gross margin).
storey offices limited Estimated Valuation
Pomanda estimates the enterprise value of STOREY OFFICES LIMITED at £6.1m based on an EBITDA of £882.9k and a 6.91x industry multiple (adjusted for size and gross margin).
storey offices limited Estimated Valuation
Pomanda estimates the enterprise value of STOREY OFFICES LIMITED at £5.9m based on Net Assets of £6m and 0.99x industry multiple (adjusted for liquidity).
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Storey Offices Limited Overview
Storey Offices Limited is a live company located in london, W1H 7LX with a Companies House number of 11417071. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2018, it's largest shareholder is bl city offices holding company limited with a 100% stake. Storey Offices Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with unknown growth in recent years.
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Storey Offices Limited Health Check
Pomanda's financial health check has awarded Storey Offices Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
1 Weak
Size
annual sales of £1.9m, make it larger than the average company (£801k)
£1.9m - Storey Offices Limited
£801k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Storey Offices Limited
- - Industry AVG
Production
with a gross margin of 68.8%, this company has a comparable cost of product (74.6%)
68.8% - Storey Offices Limited
74.6% - Industry AVG
Profitability
an operating margin of 46.7% make it more profitable than the average company (36.5%)
46.7% - Storey Offices Limited
36.5% - Industry AVG
Employees
with 12 employees, this is above the industry average (4)
- Storey Offices Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Storey Offices Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £157.7k, this is equally as efficient (£171.7k)
- Storey Offices Limited
£171.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (30 days)
1 days - Storey Offices Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 168 days, this is slower than average (37 days)
168 days - Storey Offices Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Storey Offices Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Storey Offices Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.6%, this is a higher level of debt than the average (62.8%)
77.6% - Storey Offices Limited
62.8% - Industry AVG
STOREY OFFICES LIMITED financials
Storey Offices Limited's latest turnover from March 2023 is £1.9 million and the company has net assets of £6 million. According to their latest financial statements, we estimate that Storey Offices Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 1,891,943 | 336,335 | 38,032 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 590,037 | 1,101,054 | 822,711 | 93,942 | 0 |
| Gross Profit | 1,301,906 | -764,719 | -784,679 | -93,942 | 0 |
| Admin Expenses | 418,974 | 0 | 0 | 0 | 0 |
| Operating Profit | 882,932 | -764,719 | -784,679 | -93,942 | 0 |
| Interest Payable | 807,535 | 0 | 0 | 1,180 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -4,732,075 | -343,397 | -6,704,373 | -4,252,527 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -4,732,075 | -343,397 | -6,704,373 | -4,252,527 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,732,075 | -343,397 | -6,704,373 | -4,252,527 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* | 882,932 | -764,719 | -784,679 | -93,942 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 215,211 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 26,400,000 | 30,400,000 | 30,000,000 | 33,750,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,400,000 | 30,400,000 | 30,000,000 | 33,750,000 | 215,211 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,158 | 15,098 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 210,104 | 250,362 | 55,960 | 323,629 | 31,245 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 220,262 | 265,460 | 55,960 | 323,629 | 31,245 |
| total assets | 26,620,262 | 30,665,460 | 30,055,960 | 34,073,629 | 246,456 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 272,307 | 30,419 | 17,132 | 0 | 0 |
| Group/Directors Accounts | 20,276,905 | 29,378,447 | 40,332,081 | 38,083,090 | 246,356 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 103,322 | 556,791 | 663,547 | 242,966 | 0 |
| total current liabilities | 20,652,534 | 29,965,657 | 41,012,760 | 38,326,056 | 246,356 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,652,534 | 29,965,657 | 41,012,760 | 38,326,056 | 246,356 |
| net assets | 5,967,728 | 699,803 | -10,956,800 | -4,252,427 | 100 |
| total shareholders funds | 5,967,728 | 699,803 | -10,956,800 | -4,252,427 | 100 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 882,932 | -764,719 | -784,679 | -93,942 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -45,198 | 209,500 | -267,669 | 292,384 | 31,245 |
| Creditors | 241,888 | 13,287 | 17,132 | 0 | 0 |
| Accruals and Deferred Income | -453,469 | -106,756 | 420,581 | 242,966 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 716,549 | -1,067,688 | -79,297 | -143,360 | -31,245 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -4,000,000 | 400,000 | -3,750,000 | 33,750,000 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -9,101,542 | -10,953,634 | 2,248,991 | 37,836,734 | 246,356 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -807,535 | 0 | 0 | -1,180 | 0 |
| cash flow from financing | 90,923 | 1,046,366 | 2,248,991 | 37,835,554 | 246,456 |
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
storey offices limited Credit Report and Business Information
Storey Offices Limited Competitor Analysis
Perform a competitor analysis for storey offices limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1H area or any other competitors across 12 key performance metrics.
storey offices limited Ownership
STOREY OFFICES LIMITED group structure
Storey Offices Limited has no subsidiary companies.
Ultimate parent company
2 parents
STOREY OFFICES LIMITED
11417071
storey offices limited directors
Storey Offices Limited currently has 3 directors. The longest serving directors include Mr Jonathan McNuff (Jun 2018) and Mr Michael Wiseman (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan McNuff | United Kingdom | 38 years | Jun 2018 | - | Director |
| Mr Michael Wiseman | United Kingdom | 44 years | Mar 2022 | - | Director |
| Mr Keith McClure | England | 34 years | Dec 2023 | - | Director |
P&L
March 2023turnover
1.9m
+463%
operating profit
882.9k
-215%
gross margin
68.9%
-130.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6m
+7.53%
total assets
26.6m
-0.13%
cash
0
0%
net assets
Total assets minus all liabilities
storey offices limited company details
company number
11417071
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
June 2018
age
6
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
york house 45 seymour street, london, W1H 7LX
accountant
-
auditor
BDO LLP
storey offices 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 did not find charges/mortgages relating to storey offices limited.
storey offices limited Companies House Filings - See Documents
| date | description | view/download |
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