northstone development holdings limited
northstone development holdings limited Company Information
Company Number
11499337
Next Accounts
Dec 2025
Shareholders
peel l & p homes (iom) limited
philip michael wilson
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
venus building 1 old park lane, traffordcity, manchester, M41 7HA
Website
www.northstone.co.uknorthstone development holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHSTONE DEVELOPMENT HOLDINGS LIMITED at £42.7m based on a Turnover of £55.5m and 0.77x industry multiple (adjusted for size and gross margin).
northstone development holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHSTONE DEVELOPMENT HOLDINGS LIMITED at £21.3m based on an EBITDA of £3.1m and a 6.92x industry multiple (adjusted for size and gross margin).
northstone development holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHSTONE DEVELOPMENT HOLDINGS LIMITED at £0 based on Net Assets of £-4.1m and 1.34x industry multiple (adjusted for liquidity).
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Northstone Development Holdings Limited Overview
Northstone Development Holdings Limited is a live company located in manchester, M41 7HA with a Companies House number of 11499337. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in August 2018, it's largest shareholder is peel l & p homes (iom) limited with a 90% stake. Northstone Development Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £55.5m with rapid growth in recent years.
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Northstone Development Holdings Limited Health Check
Pomanda's financial health check has awarded Northstone Development Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £55.5m, make it larger than the average company (£469.4k)
£55.5m - Northstone Development Holdings Limited
£469.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (10%)
106% - Northstone Development Holdings Limited
10% - Industry AVG
Production
with a gross margin of 18.7%, this company has a comparable cost of product (19.6%)
18.7% - Northstone Development Holdings Limited
19.6% - Industry AVG
Profitability
an operating margin of 5.6% make it as profitable than the average company (4.8%)
5.6% - Northstone Development Holdings Limited
4.8% - Industry AVG
Employees
with 4 employees, this is above the industry average (3)
4 - Northstone Development Holdings Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Northstone Development Holdings Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £13.9m, this is more efficient (£197.5k)
£13.9m - Northstone Development Holdings Limited
£197.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Northstone Development Holdings Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (29 days)
50 days - Northstone Development Holdings Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 463 days, this is more than average (251 days)
463 days - Northstone Development Holdings Limited
251 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Northstone Development Holdings Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.3%, this is a higher level of debt than the average (73.5%)
106.3% - Northstone Development Holdings Limited
73.5% - Industry AVG
NORTHSTONE DEVELOPMENT HOLDINGS LIMITED financials
Northstone Development Holdings Limited's latest turnover from March 2024 is £55.5 million and the company has net assets of -£4.1 million. According to their latest financial statements, Northstone Development Holdings Limited has 4 employees and maintains cash reserves of £5.9 million 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 | 55,518,000 | 48,622,000 | 14,229,000 | 6,322,000 | ||
| Other Income Or Grants | ||||||
| Cost Of Sales | 45,124,000 | 40,056,000 | 11,841,000 | 5,166,000 | ||
| Gross Profit | 10,394,000 | 8,566,000 | 2,388,000 | 1,156,000 | ||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | 4,027,000 | 3,785,000 | 2,052,000 | 994,000 | 586,000 | 129,000 |
| Interest Receivable | ||||||
| Pre-Tax Profit | 687,000 | 681,000 | -2,564,000 | -1,791,000 | -2,192,000 | -501,000 |
| Tax | -168,000 | -129,000 | 826,000 | -118,000 | 119,000 | 30,000 |
| Profit After Tax | 519,000 | 552,000 | -1,738,000 | -1,909,000 | -2,073,000 | -471,000 |
| Dividends Paid | ||||||
| Retained Profit | 519,000 | 552,000 | -1,738,000 | -1,909,000 | -2,073,000 | -471,000 |
| Employee Costs | ||||||
| Number Of Employees | 4 | 5 | 4 | 4 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 12,000 | 25,000 | 38,000 | |||
| Intangible Assets | ||||||
| Investments & Other | 53,000 | 45,000 | ||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 12,000 | 25,000 | 38,000 | 53,000 | 45,000 | |
| Stock & work in progress | 57,270,000 | 52,797,000 | 38,527,000 | 13,090,000 | 8,041,000 | 6,000,000 |
| Trade Debtors | 23,000 | 1,275,000 | ||||
| Group Debtors | 1,316,000 | 312,000 | 839,000 | 140,000 | 119,000 | |
| Misc Debtors | 1,064,000 | 1,839,000 | 609,000 | 2,736,000 | 41,000 | |
| Cash | 5,922,000 | 8,833,000 | 3,342,000 | 1,059,000 | 25,000 | 2,000 |
| misc current assets | ||||||
| total current assets | 65,572,000 | 63,781,000 | 43,317,000 | 17,025,000 | 8,249,000 | 7,277,000 |
| total assets | 65,584,000 | 63,806,000 | 43,355,000 | 17,078,000 | 8,294,000 | 7,277,000 |
| Bank overdraft | ||||||
| Bank loan | 13,071,000 | |||||
| Trade Creditors | 6,280,000 | 6,137,000 | 22,000 | 773,000 | 21,000 | 18,000 |
| Group/Directors Accounts | 25,950,000 | 27,102,000 | 34,036,000 | 11,399,000 | 4,911,000 | 6,685,000 |
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 13,190,000 | 9,958,000 | 1,417,000 | 805,000 | 492,000 | 45,000 |
| total current liabilities | 45,420,000 | 43,197,000 | 48,546,000 | 12,977,000 | 5,424,000 | 6,748,000 |
| loans | 24,114,000 | 25,248,000 | 7,554,000 | |||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 4,414,000 | |||||
| provisions | 170,000 | |||||
| total long term liabilities | 24,284,000 | 25,248,000 | 7,554,000 | 4,414,000 | ||
| total liabilities | 69,704,000 | 68,445,000 | 48,546,000 | 20,531,000 | 9,838,000 | 6,748,000 |
| net assets | -4,120,000 | -4,639,000 | -5,191,000 | -3,453,000 | -1,544,000 | 529,000 |
| total shareholders funds | -4,120,000 | -4,639,000 | -5,191,000 | -3,453,000 | -1,544,000 | 529,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | -168,000 | -129,000 | 826,000 | -118,000 | 119,000 | 30,000 |
| Stock | 4,473,000 | 14,270,000 | 25,437,000 | 5,049,000 | 2,041,000 | 6,000,000 |
| Debtors | 229,000 | 703,000 | -1,428,000 | 2,693,000 | -1,092,000 | 1,275,000 |
| Creditors | 143,000 | 6,115,000 | -751,000 | 752,000 | 3,000 | 18,000 |
| Accruals and Deferred Income | 3,232,000 | 8,541,000 | 612,000 | 313,000 | 447,000 | 45,000 |
| Deferred Taxes & Provisions | 170,000 | |||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -53,000 | 8,000 | 45,000 | |||
| cash flow from investments | 53,000 | |||||
| Financing Activities | ||||||
| Bank loans | -13,071,000 | 13,071,000 | ||||
| Group/Directors Accounts | -1,152,000 | -6,934,000 | 22,637,000 | 6,488,000 | -1,774,000 | 6,685,000 |
| Other Short Term Loans | ||||||
| Long term loans | -1,134,000 | 25,248,000 | -7,554,000 | 7,554,000 | ||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -4,414,000 | 4,414,000 | ||||
| share issue | ||||||
| interest | -4,027,000 | -3,785,000 | -2,052,000 | -994,000 | -586,000 | -129,000 |
| cash flow from financing | -6,313,000 | 1,458,000 | 26,102,000 | 8,634,000 | 2,054,000 | 7,556,000 |
| cash and cash equivalents | ||||||
| cash | -2,911,000 | 5,491,000 | 2,283,000 | 1,034,000 | 23,000 | 2,000 |
| overdraft | ||||||
| change in cash | -2,911,000 | 5,491,000 | 2,283,000 | 1,034,000 | 23,000 | 2,000 |
northstone development holdings limited Credit Report and Business Information
Northstone Development Holdings Limited Competitor Analysis
Perform a competitor analysis for northstone development holdings limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in M41 area or any other competitors across 12 key performance metrics.
northstone development holdings limited Ownership
NORTHSTONE DEVELOPMENT HOLDINGS LIMITED group structure
Northstone Development Holdings Limited has 1 subsidiary company.
Ultimate parent company
PEEL L&P HOMES (IOM) LTD
#0112027
1 parent
NORTHSTONE DEVELOPMENT HOLDINGS LIMITED
11499337
1 subsidiary
northstone development holdings limited directors
Northstone Development Holdings Limited currently has 4 directors. The longest serving directors include Mr Steven Underwood (Aug 2018) and Mr John Whittaker (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Underwood | United Kingdom | 51 years | Aug 2018 | - | Director |
| Mr John Whittaker | England | 42 years | Aug 2018 | - | Director |
| Mr Mark Whitworth | United Kingdom | 58 years | May 2023 | - | Director |
| Mr Matthew Colton | United Kingdom | 50 years | Aug 2023 | - | Director |
P&L
March 2024turnover
55.5m
+14%
operating profit
3.1m
0%
gross margin
18.8%
+6.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-4.1m
-0.11%
total assets
65.6m
+0.03%
cash
5.9m
-0.33%
net assets
Total assets minus all liabilities
northstone development holdings limited company details
company number
11499337
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
August 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
peel homes (uk) hold co limited (December 2018)
accountant
-
auditor
DELOITTE LLP
address
venus building 1 old park lane, traffordcity, manchester, M41 7HA
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
northstone development holdings 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 3 charges/mortgages relating to northstone development holdings limited. Currently there are 1 open charges and 2 have been satisfied in the past.
northstone development holdings limited 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 NORTHSTONE DEVELOPMENT HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
northstone development holdings limited Companies House Filings - See Documents
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