fred. olsen house (jv) limited
fred. olsen house (jv) limited Company Information
Company Number
11730313
Website
https://www.fredolsen.co.ukRegistered Address
2nd floor, 36 broadway, london, SW1H 0BH
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
442079318888
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
fred. olsen cruise lines limited 50%
fred. olsen limited 50%
fred. olsen house (jv) limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN HOUSE (JV) LIMITED at £3.2m based on a Turnover of £1.1m and 2.97x industry multiple (adjusted for size and gross margin).
fred. olsen house (jv) limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN HOUSE (JV) LIMITED at £3.2m based on an EBITDA of £477k and a 6.71x industry multiple (adjusted for size and gross margin).
fred. olsen house (jv) limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN HOUSE (JV) LIMITED at £9.4m based on Net Assets of £6m and 1.58x industry multiple (adjusted for liquidity).
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Fred. Olsen House (jv) Limited Overview
Fred. Olsen House (jv) Limited is a live company located in london, SW1H 0BH with a Companies House number of 11730313. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2018, it's largest shareholder is fred. olsen cruise lines limited with a 50% stake. Fred. Olsen House (jv) Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.
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Fred. Olsen House (jv) Limited Health Check
Pomanda's financial health check has awarded Fred. Olsen House (Jv) Limited a 4.5 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
3 Regular
1 Weak
Size
annual sales of £1.1m, make it in line with the average company (£940k)
£1.1m - Fred. Olsen House (jv) Limited
£940k - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (2.8%)
86% - Fred. Olsen House (jv) Limited
2.8% - Industry AVG
Production
with a gross margin of 73.6%, this company has a comparable cost of product (73.6%)
73.6% - Fred. Olsen House (jv) Limited
73.6% - Industry AVG
Profitability
an operating margin of 44.4% make it more profitable than the average company (25.1%)
44.4% - Fred. Olsen House (jv) Limited
25.1% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
- Fred. Olsen House (jv) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Fred. Olsen House (jv) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £179k, this is equally as efficient (£199.6k)
- Fred. Olsen House (jv) Limited
£199.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Fred. Olsen House (jv) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (36 days)
45 days - Fred. Olsen House (jv) Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fred. Olsen House (jv) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Fred. Olsen House (jv) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a lower level of debt than the average (67.3%)
42.9% - Fred. Olsen House (jv) Limited
67.3% - Industry AVG
FRED. OLSEN HOUSE (JV) LIMITED financials
Fred. Olsen House (Jv) Limited's latest turnover from December 2023 is £1.1 million and the company has net assets of £6 million. According to their latest financial statements, we estimate that Fred. Olsen House (Jv) Limited has 6 employees and maintains cash reserves of £71 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 1,074,000 | 946,000 | 782,000 | 166,000 | 104,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 477,000 | 483,000 | 486,000 | 97,000 | 71,000 |
| Interest Payable | 275,000 | 163,000 | 110,000 | 64,000 | 2,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 202,000 | 320,000 | 376,000 | 33,000 | 69,000 |
| Tax | -50,000 | -107,000 | -71,000 | -6,000 | -13,000 |
| Profit After Tax | 152,000 | 213,000 | 305,000 | 27,000 | 56,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 152,000 | 213,000 | 305,000 | 27,000 | 56,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 5 | ||||
| EBITDA* | 477,000 | 483,000 | 486,000 | 97,000 | 71,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 10,129,000 | 10,066,000 | 10,027,000 | 9,536,000 | 5,903,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,129,000 | 10,066,000 | 10,027,000 | 9,536,000 | 5,903,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 158,000 | 14,000 | 23,000 | 162,000 | 14,000 |
| Misc Debtors | 65,000 | 56,000 | 47,000 | 58,000 | 84,000 |
| Cash | 71,000 | 272,000 | 507,000 | 151,000 | 689,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 294,000 | 342,000 | 577,000 | 371,000 | 787,000 |
| total assets | 10,423,000 | 10,408,000 | 10,604,000 | 9,907,000 | 6,690,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 186,000 | 183,000 | 303,000 | 208,000 | 0 |
| Trade Creditors | 35,000 | 39,000 | 45,000 | 368,000 | 494,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 100,000 | 26,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 234,000 | 236,000 | 221,000 | 156,000 | 20,000 |
| total current liabilities | 455,000 | 458,000 | 569,000 | 832,000 | 540,000 |
| loans | 3,773,000 | 3,957,000 | 4,362,000 | 3,778,000 | 886,000 |
| 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 | 240,000 | 190,000 | 83,000 | 12,000 | 6,000 |
| total long term liabilities | 4,013,000 | 4,147,000 | 4,445,000 | 3,790,000 | 892,000 |
| total liabilities | 4,468,000 | 4,605,000 | 5,014,000 | 4,622,000 | 1,432,000 |
| net assets | 5,955,000 | 5,803,000 | 5,590,000 | 5,285,000 | 5,258,000 |
| total shareholders funds | 5,955,000 | 5,803,000 | 5,590,000 | 5,285,000 | 5,258,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 477,000 | 483,000 | 486,000 | 97,000 | 71,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -50,000 | -107,000 | -71,000 | -6,000 | -13,000 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 153,000 | 0 | -150,000 | 122,000 | 98,000 |
| Creditors | -4,000 | -6,000 | -323,000 | -126,000 | 494,000 |
| Accruals and Deferred Income | -2,000 | 15,000 | 65,000 | 136,000 | 20,000 |
| Deferred Taxes & Provisions | 50,000 | 107,000 | 71,000 | 6,000 | 6,000 |
| Cash flow from operations | 318,000 | 492,000 | 378,000 | -15,000 | 480,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 63,000 | 39,000 | 491,000 | 3,633,000 | 5,903,000 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 3,000 | -120,000 | 95,000 | 208,000 | 0 |
| Group/Directors Accounts | 0 | 0 | -100,000 | 74,000 | 26,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -184,000 | -405,000 | 584,000 | 2,892,000 | 886,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -275,000 | -163,000 | -110,000 | -64,000 | -2,000 |
| cash flow from financing | -456,000 | -688,000 | 469,000 | 3,110,000 | 6,112,000 |
| cash and cash equivalents | |||||
| cash | -201,000 | -235,000 | 356,000 | -538,000 | 689,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -201,000 | -235,000 | 356,000 | -538,000 | 689,000 |
fred. olsen house (jv) limited Credit Report and Business Information
Fred. Olsen House (jv) Limited Competitor Analysis
Perform a competitor analysis for fred. olsen house (jv) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fred. olsen house (jv) limited Ownership
FRED. OLSEN HOUSE (JV) LIMITED group structure
Fred. Olsen House (Jv) Limited has no subsidiary companies.
Ultimate parent company
FRED. OLSEN HOUSE (JV) LIMITED
11730313
fred. olsen house (jv) limited directors
Fred. Olsen House (Jv) Limited currently has 4 directors. The longest serving directors include Mrs Belinda Mindell (Dec 2018) and Mr Peter Deer (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Belinda Mindell | England | 57 years | Dec 2018 | - | Director |
| Mr Peter Deer | England | 54 years | Dec 2018 | - | Director |
| Mr Nicholas Emery | 63 years | Dec 2018 | - | Director | |
| Mrs Clare Ward | England | 57 years | Jan 2020 | - | Director |
P&L
December 2023turnover
1.1m
+14%
operating profit
477k
-1%
gross margin
73.7%
+4.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6m
+0.03%
total assets
10.4m
0%
cash
71k
-0.74%
net assets
Total assets minus all liabilities
fred. olsen house (jv) limited company details
company number
11730313
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
December 2018
age
6
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor, 36 broadway, london, SW1H 0BH
last accounts submitted
December 2023
fred. olsen house (jv) 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 2 charges/mortgages relating to fred. olsen house (jv) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
fred. olsen house (jv) limited Companies House Filings - See Documents
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