123 buckingham palace road tenant limited
123 buckingham palace road tenant limited Company Information
Company Number
11506111
Next Accounts
Sep 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
wework international limited
Group Structure
View All
Contact
Registered Address
10 york road, london, SE1 7ND
Website
https://www.wework.com123 buckingham palace road tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 123 BUCKINGHAM PALACE ROAD TENANT LIMITED at £66.7m based on a Turnover of £14.4m and 4.62x industry multiple (adjusted for size and gross margin).
123 buckingham palace road tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 123 BUCKINGHAM PALACE ROAD TENANT LIMITED at £61.1m based on an EBITDA of £6.7m and a 9.13x industry multiple (adjusted for size and gross margin).
123 buckingham palace road tenant limited Estimated Valuation
Pomanda estimates the enterprise value of 123 BUCKINGHAM PALACE ROAD TENANT LIMITED at £0 based on Net Assets of £-12.5m and 1.71x industry multiple (adjusted for liquidity).
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123 Buckingham Palace Road Tenant Limited Overview
123 Buckingham Palace Road Tenant Limited is a live company located in london, SE1 7ND with a Companies House number of 11506111. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2018, it's largest shareholder is wework international limited with a 100% stake. 123 Buckingham Palace Road Tenant Limited is a young, mid sized company, Pomanda has estimated its turnover at £14.4m with rapid growth in recent years.
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123 Buckingham Palace Road Tenant Limited Health Check
Pomanda's financial health check has awarded 123 Buckingham Palace Road Tenant Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £14.4m, make it larger than the average company (£1.1m)
£14.4m - 123 Buckingham Palace Road Tenant Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (3.6%)
- 123 Buckingham Palace Road Tenant Limited
3.6% - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
70.8% - 123 Buckingham Palace Road Tenant Limited
70.8% - Industry AVG
Profitability
an operating margin of 19.7% make it as profitable than the average company (21.5%)
19.7% - 123 Buckingham Palace Road Tenant Limited
21.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - 123 Buckingham Palace Road Tenant Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - 123 Buckingham Palace Road Tenant Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £7.2m, this is more efficient (£201.3k)
£7.2m - 123 Buckingham Palace Road Tenant Limited
£201.3k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (33 days)
13 days - 123 Buckingham Palace Road Tenant Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (35 days)
2 days - 123 Buckingham Palace Road Tenant Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 123 Buckingham Palace Road Tenant Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 123 Buckingham Palace Road Tenant Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.8%, this is a higher level of debt than the average (71.2%)
124.8% - 123 Buckingham Palace Road Tenant Limited
71.2% - Industry AVG
123 BUCKINGHAM PALACE ROAD TENANT LIMITED financials
123 Buckingham Palace Road Tenant Limited's latest turnover from December 2023 is £14.4 million and the company has net assets of -£12.5 million. According to their latest financial statements, 123 Buckingham Palace Road Tenant Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 14,449,352 | 11,987,017 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 2,849,037 | 3,739,302 | ||||
| Interest Payable | 3,824,362 | 3,008,601 | ||||
| Interest Receivable | 624,034 | 225,212 | ||||
| Pre-Tax Profit | -351,291 | 955,913 | ||||
| Tax | 0 | 0 | ||||
| Profit After Tax | -351,291 | 955,913 | ||||
| Dividends Paid | 0 | 0 | ||||
| Retained Profit | -351,291 | 955,913 | ||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* | 6,696,048 | 7,206,477 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 13,118,157 | 9,581,293 | 38,496,646 | 41,769,228 | 45,541,901 | 5,395,537 |
| Intangible Assets | 26,498,590 | 26,076,217 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 8,476,495 | 8,901,101 | 475,585 | 802,451 | 207,397 | 965,345 |
| Total Fixed Assets | 48,093,242 | 44,558,611 | 38,972,231 | 42,571,679 | 45,749,298 | 6,360,882 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 540,959 | 251,004 | 50,816 | 285,806 | 302,227 | 552,350 |
| Group Debtors | 473,140 | 135,813 | 111,553 | 90,829 | 682,077 | 0 |
| Misc Debtors | 1,173,311 | 1,987,794 | 167,426 | 668,600 | 920,208 | 4,145,579 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,187,410 | 2,374,611 | 329,795 | 1,045,235 | 1,904,512 | 4,697,929 |
| total assets | 50,280,652 | 46,933,222 | 39,302,026 | 43,616,914 | 47,653,810 | 11,058,811 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 28,788 | 2,858,818 | 535,349 | 876,840 | 32,330 | 94,042 |
| Group/Directors Accounts | 12,472,770 | 9,198,822 | 5,076,642 | 2,038,356 | 762,880 | 5,274,330 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,740,392 | 5,313,004 | 807,876 | 0 | 13,625 | 0 |
| other current liabilities | 4,072,640 | 2,241,814 | 4,061,824 | 5,383,055 | 3,976,531 | 1,974,189 |
| total current liabilities | 18,314,590 | 19,612,458 | 10,481,691 | 8,298,251 | 4,785,366 | 7,342,561 |
| loans | 0 | 0 | 0 | 2,015,795 | 8,324,892 | 0 |
| hp & lease commitments | 44,417,584 | 39,420,995 | 41,876,479 | 42,886,205 | 41,309,545 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 4,745,164 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 44,417,584 | 39,420,995 | 41,876,479 | 44,902,000 | 49,634,437 | 4,745,164 |
| total liabilities | 62,732,174 | 59,033,453 | 52,358,170 | 53,200,251 | 54,419,803 | 12,087,725 |
| net assets | -12,451,522 | -12,100,231 | -13,056,144 | -9,583,337 | -6,765,993 | -1,028,914 |
| total shareholders funds | -12,451,522 | -12,100,231 | -13,056,144 | -9,583,337 | -6,765,993 | -1,028,914 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 2,849,037 | 3,739,302 | ||||
| Depreciation | 1,373,223 | 1,181,646 | 1,109,468 | 1,098,341 | 800,399 | |
| Amortisation | 2,473,788 | 2,285,529 | 0 | 0 | 0 | |
| Tax | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -611,807 | 10,470,332 | -1,042,306 | -264,223 | -3,551,365 | 5,663,274 |
| Creditors | -2,830,030 | 2,323,469 | -341,491 | 844,510 | -61,712 | 94,042 |
| Accruals and Deferred Income | 1,830,826 | -1,820,010 | -1,321,231 | 1,406,524 | -2,742,822 | 6,719,353 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,308,651 | -2,760,396 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,273,948 | 4,122,180 | 3,038,286 | 1,275,476 | -4,511,450 | 5,274,330 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -2,015,795 | -6,309,097 | 8,324,892 | 0 |
| Hire Purchase and Lease Commitments | 1,423,977 | 2,049,644 | -201,850 | 1,563,035 | 41,323,170 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -3,200,328 | -2,783,389 | ||||
| cash flow from financing | 1,497,597 | 3,388,435 | ||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
123 buckingham palace road tenant limited Credit Report and Business Information
123 Buckingham Palace Road Tenant Limited Competitor Analysis
Perform a competitor analysis for 123 buckingham palace road tenant limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
123 buckingham palace road tenant limited Ownership
123 BUCKINGHAM PALACE ROAD TENANT LIMITED group structure
123 Buckingham Palace Road Tenant Limited has no subsidiary companies.
Ultimate parent company
WEWORK INC
#0100622
2 parents
123 BUCKINGHAM PALACE ROAD TENANT LIMITED
11506111
123 buckingham palace road tenant limited directors
123 Buckingham Palace Road Tenant Limited currently has 2 directors. The longest serving directors include Miss Robyn Bremner (Jan 2024) and Mr Claudio Saez (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Robyn Bremner | United Kingdom | 42 years | Jan 2024 | - | Director |
| Mr Claudio Saez | 54 years | Jan 2024 | - | Director |
P&L
December 2023turnover
14.4m
+21%
operating profit
2.8m
-24%
gross margin
70.8%
+0.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-12.5m
+0.03%
total assets
50.3m
+0.07%
cash
0
0%
net assets
Total assets minus all liabilities
123 buckingham palace road tenant limited company details
company number
11506111
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
August 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
10 york road, london, SE1 7ND
Bank
-
Legal Advisor
-
123 buckingham palace road tenant 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 123 buckingham palace road tenant limited.
123 buckingham palace road tenant 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.
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123 buckingham palace road tenant limited Companies House Filings - See Documents
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